Activist investor Blackwells Capital has a solution for Walt Disney Co. and its chief executive Bob Iger to rev up sales: Split the company into three separate focused entities — sports, entertainment, and resorts. “Disney may simply be too complex for any one successor to Mr. Iger to manage holistically, and Blackwells believes that it
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Amer Sports Inc., the Finnish sportswear company that went public last week, on Tuesday launched an offering of $600 million of seven-year high-yield bonds. The Helsinki-based company AS, +3.63% and some of its units have also entered a new credit agreement, under which they will have a new $600 million term loan facility, a new
It’s not just worries about high interest rates and commercial real estate that are plaguing regional banks in the U.S., according to DataTrek Research. “U.S. regional banks have been a rough corner of the market for many years,” Nicholas Colas, co-founder of DataTrek Research said in a note emailed Tuesday. “With dividend yields well below
For decades, the NFL was hesitant to be involved with the gambling industry. But in recent years it has agreed to partnerships with FanDuel FLUT, -0.76%, DraftKings DKNG, -0.08% and Caesars CZR, +2.62% as more states legalized sports betting. And this season, for the first time, the Super Bowl will be played in Las Vegas,
Treasury yields extended their declines into Tuesday’s afternoon session as traders weighed fresh comments from another Federal Reserve official who warned against cutting policy interest rates too hastily. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y dropped 9.1 basis points to 4.379% from 4.470% on Monday. The yield on the 10-year Treasury BX:TMUBMUSD10Y fell
New York Community Bancorp.’ s stock resumed its slide on Tuesday after a report that its chief risk officer has departed the company and comments from Treasury Secretary Janet Yellen about the challenges posed by regional banks. The stock NYCB, -16.57% dropped 14% to $4.63 a share in recent trading. Earlier it fell about 15%
Eli Lilly and Co.’s fourth-quarter sales and profit beat expectations as its newer diabetes and obesity medications gained broader insurance coverage. About 90% of U.S. Type 2 diabetes patients with commercial insurance or Medicare Part D prescription-drug plans now have access to Lilly’s diabetes drug Mounjaro, the drugmaker said, while about one-third of people with
In the ever-evolving urban landscape, savvy investors are focusing on urban development stocks poised to capitalize on emerging trends. Retail sector growth is at the forefront, with a solid uptick in retail tenant demand, while the hybrid work model has cemented its place in the corporate world. Simultaneously, the integration of AI in real estate
Of all the articles I’ve read about retirement recently, the most intriguing was Fast Company’s “‘Flextirement’ is the future of work.” But what the heck is “flextirement”? I spoke to some experts on the topic: Neil Costa, the writer of the Fast Company article and the one who coined the term flextirement; Cheryl Evans, director
Ahead of its upcoming quarterly earnings release, Meta Platforms (NASDAQ:META) stock has been zooming higher. As a result, META has re-joined the “Trillion Dollar Club,” or the group of stocks with market caps of $1 trillion or higher. Expectations run high that Facebook and Instagram parent will once again knock it out of the park
Boeing Co. assuaged investors’ fears for the moment on Wednesday, as the aerospace and defense giant’s fourth-quarter results beat Wall Street expectations in all of the key metrics, amid strength in the closely watched commercial-airplanes business. But a sense of uncertainty remained, as the company did not provide forward guidance in the earnings release. The
It’s a notable week for tech earnings. Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), Meta Platforms (NASDAQ:META), Advanced Micro Devices (NASDAQ:AMD) and Qualcomm (NASDAQ:QCOM) all are set to report their latest results. But the biggest highlights of the week are the numbers due out from the two most valuable companies on the planet: Microsoft (NASDAQ:MSFT) and Apple
Shares of Teradyne declined in post-market trading on Tuesday after it warned of weaker demand for some systems and forecast another drop in revenue. The stock TER, -1.40% was down 7.3% to $97.00 in after-hours trading, and lost 1.4% to fall to $104.59 at the close. Shares are down 2.8% in the past year. The
Malibu Boats Inc.’s stock fell in pre-market trading after the yacht maker reported a 72% drop in its second-quarter profit as high interest rates bit into its business. While the Loudon, Tenn.-based company remains optimistic that conditions will improve, it still expects 2024 sales to drop from the mid-to-high thirties percentage. Malibu Boats stock MBUU,
Online financial services company SoFi Technologies (NASDAQ:SOFI) might be turning a corner. SoFi finally reported actual earnings… and not a loss, news that sent its struggling stock surging Monday. Shares of SoFi skyrocketed nearly 20% after the company said that it posted a net profit of nearly $48 million, or 2 cents a share, for
As I’m writing this, the U.S. stock market seems to be setting new highs daily. Investors are happy, and for many people the future seems bright. I would like to hope they are right, and there’s nothing but financial sunshine ahead. But I know better, and you should too. Read MarketWatch’s stock-market coverage Right now,
Cryptocurrency miner Marathon Digital (NASDAQ:MARA) received a lot of attention recently after the Securities and Exchange Commission approved 11 spot Bitcoin (BTC-USD) exchange-traded funds. However, MARA stock isn’t right for every investor. It’s important to learn about Marathon Digital and the crypto-asset landscape in general before considering a share position. Sure, you can buy some Marathon Digital shares if
Tesla Inc. is expecting capital expenditure to exceed $10 billion in 2024 and to range from $8 billion to $10 billion for each of the following two fiscal years. The electric-vehicle maker TSLA, +0.34% made the disclosure in its 10-K annual report filing with the Securities and Exchange Commission published on Monday. “We are simultaneously
We’re now in the thick of earnings season and results are coming in at a fast and furious rate and it’s time to look at the Q4 earnings winners you should shortlist. With 10% of S&P 500-listed companies having now reported financial results for the fourth and final quarter of 2023, 62% of companies have
Oil futures popped higher Sunday evening, after a drone attack that killed three U.S. service members in northern Jordan, blamed by the White House on Iran-backed militants, marked a major escalation of tensions in the Middle East. West Texas Intermediate crude for March delivery CL00, +0.58% CL.1, +0.58% CLH24, +0.58% was up $1.09, or 1.4%,
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