Disney Makes a Bold Move to Knock Off Nintendo’s Biggest Franchise

Disney Makes a Bold Move to Knock Off Nintendo's Biggest Franchise

waltz disney (SAY) has very few rivals when it comes to families. The company offers a brand of entertainment that generally spans all ages. That’s part of what has made the Disney+ streaming service so popular, and it’s a major driver for its theme parks. Disney World and Disneyland attract families because they offer harmless … Read more

Stocks week ahead: Bank earnings could be ugly. Here’s what to look for

JPMorgan Chase CEO warns of an economic 'hurricane'

Big bank earnings will mark the unofficial beginning of the second quarter earnings period when they report next week, starting with JPMorgan Chase (JPM) on Thursday. Citigroup (VS) and Wells Fargo (WFC) will open their books on Friday. Investors, worried about recession, will be scrutinizing the results for any guidance by Wall Street’s most powerful … Read more

Stocks week ahead: Bank earnings could be ugly. Here’s what to look for

JPMorgan Chase CEO warns of an economic 'hurricane'

Big bank earnings will mark the unofficial beginning of the second quarter earnings period when they report next week, starting with JPMorgan Chase (JPM) on Thursday. Citigroup (VS) and Wells Fargo (WFC) will open their books on Friday. Investors, worried about recession, will be scrutinizing the results for any guidance by Wall Street’s most powerful … Read more

GameStop fires its CFO and looks to cut staff

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Shares of the company’s volatile stock fell 5% in premarket trading Friday. The stock rose 15% Thursday after the company planned a four-for-one stock split, GameStop (EMG) did not give a reason for firing CFO Michael Recupero, other than to say that under terms of his employment agreement it was “without cause.” Still, it is … Read more

These 10 stocks from a sector that is a bear-market bulwark have upside potential of up to 30%

These 10 stocks from a sector that is a bear-market bulwark have upside potential of up to 30%

During times of uncertainty, it can help to look at what happened during other down cycles for stocks. True, we don’t know when the stock market will hit bottom during this cycle, or if it already has. But you might want to tilt toward a sector that has fared well during previous downturns. You might … Read more

Norwegian Drops Covid Testing. Will Royal Caribbean, Carnival?

Norwegian Drops Covid Testing.  Will Royal Caribbean, Carnival?

The cruise industry has faced a public perceptions problem ever since the pandemic began. Like Walt Disney’s (SAY) – Get The Walt Disney Company Report theme parks and many other travel destinations, the cruise industry ceased operations almost as soon as the covid pandemic was declared in March 2020. Once vaccinations became widely available, the … Read more

Mark Zuckerberg, Facebook Say Goodbye to Their Crypto

Mark Zuckerberg, Facebook Say Goodbye to Their Crypto

There has been no official announcement. And even if there was one, this announcement would have gone unnoticed: Mark and Zuckerberg and his company, Meta Platforms (META) – Get Meta Platforms Inc. Reportno longer have a digital payments project. Zuckerberg has chosen his moment well: the crypto sector is currently going through an unprecedented crisis … Read more

Celebrities Erase Their Crypto Ties As Crypto Mania Turns Into Crisis

Celebrities Erase Their Crypto Ties As Crypto Mania Turns Into Crisis

Some say it started with Lillie Langtree. The British actress and socialite, known as “The Jersey Lily,” is credited with being the first celebrity to endorse a product when she became the poster girl for Pears Soap in 1882. In the Beginning… Others say it goes back to the 1760s, when Josiah Wedgewood, a British … Read more

Crypto hedge fund Three Arrows files for US bankruptcy

Crypto hedge fund Three Arrows files for US bankruptcy

Crypto hedge fund Three Arrows Capital has filed for bankruptcy under Chapter 15 of the US Bankruptcy Code, according to a court filing in the Southern District of New York on Friday. Three Arrows Capital is one of the biggest casualties of the latest so-called “crypto winter”. The digital asset ecosystem has been hit by … Read more