Disney shareholders reelected the media conglomerate’s full board, handing a stinging defeat to activist Nelson Peltz and former Marvel CEO Ike Perlmutter. Peltz-led Trian Partners sought to make changes at the iconic company, including the removal of two directors due to share underperformance, failed succession planning, and misdirected investments. However, shareholders overwhelmingly supported Disney in
Business
The Spring housing market is currently displaying unexpected trends that go against the usual patterns seen in the real estate industry. Contrary to the belief that higher mortgage rates would lead to a cooling off period in both prices and competition, the market is still thriving. Historically, an increase in mortgage rates has resulted in
As Macy’s makes plans to close around 150 stores, competing retailers are seeing an opportunity for growth in the market. Retail giants like Target and Kohl’s have expressed optimism about the potential increase in sales as a result of Macy’s store closures. In addition, off-price chains like T.J. Maxx, Ross, and Nordstrom could also benefit
United Airlines is currently facing a pilot shortage due to production problems and safety issues at Boeing. The airline has asked pilots to take unpaid time off next month as a result of late-arriving aircraft from the manufacturer. This request comes after United has experienced a reduction in forecast block hours for 2024, which is
Toyota Motor is currently considering expanding its U.S. truck lineup to potentially include all-electric or plug-in hybrid electric versions of its popular Tacoma and Tundra pickups. The decision comes as the automaker evaluates customer demand and responds to stricter federal emissions and fuel economy regulations. Jack Hollis, executive vice president of Toyota Motor North America,
The manufacturing cost of the blockbuster diabetes drug Ozempic has been a topic of discussion recently, with a study suggesting that it could be produced for less than $5 a month, even though Novo Nordisk charges close to $1,000 per month for the injection in the U.S. This stark difference in cost has raised eyebrows
McDonald’s has recently announced a major partnership with Krispy Kreme, which will see the popular doughnuts sold at McDonald’s restaurants nationwide by the end of 2026. This is a significant move for both chains, as it opens up new distribution channels and opportunities for growth. The rollout of Krispy Kreme doughnuts at McDonald’s locations will
Boeing CEO Dave Calhoun’s announcement of stepping down at the end of 2024 marks a significant shift in leadership for the embattled aerospace giant. Along with Calhoun, Larry Kellner, the chairman of the board, will also be resigning and not standing for reelection at Boeing’s upcoming annual meeting in May. This management shake-up comes at
The United States has quickly surpassed China to become the world’s leading hub for millionaires and billionaires, according to the latest report. There are now over 5.5 million Americans with liquid investible assets exceeding $1 million, representing a 62% increase over the past decade. This growth far outpaces the global average of 38%, as stated
For over four decades, ESPN has dominated the sports broadcasting industry by steadily increasing its revenue through cable subscription fees. Initially charging less than $1 per month per subscriber in the 1980s, the network’s monthly carriage fee climbed to $9.42 per subscriber by 2023. However, with the rise of cord-cutting in recent years, where millions