Disney's CFO Hugh Johnston discussed Universal Studios' upcoming theme park, Epic Universe. Johnston said in a call it's "generally beneficial" for Disney when other attractions open in Central Florida. Both Walt Disney World and Universal Orlando Resort are adding new attractions. Insider Today Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your f ...

Michael Burry bolstered his bets on three Chinese tech companies last quarter.The "Big Short" investor raised his stakes in Alibaba, Baidu, and JD.com but also hedged the wagers.Burry didn't add any new names to his stock portfolio but exited a couple in the period. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a perso ...

Core Insights - Apple is exploring new headsets and smart home devices to diversify its product lineup beyond the iPhone, which is crucial for future profits [1][3][4] - The company has faced challenges with past product launches, including scrapped plans for an Apple Car and mixed reviews for the Vision Pro headset [4][6] - Analysts suggest that Apple's future products may not be immediate cash cows, but the company is focusing on smaller wins that can generate revenue comparable to iPads and wearables [4][6] Product Development - Apple is reportedly working on a wall-mounted smart home tablet, code-named J490, expected to launch as early as March, which will integrate with home appliances and Apple apps [5] - Another futuristic device in development is a tabletop robot with an iPad-like display and a robotic arm, although analysts express skepticism about its profitability [6] - In the wearables category, Apple is exploring AR glasses, potentially inspired by Meta's prototype, indicating a long-term vision for smart eyewear [7] Leadership and Future Direction - CEO Tim Cook's leadership is pivotal as the company navigates into a new era with its upcoming product launches, which could define his legacy [7]

Last week, Warner Bros Discovery said it was excited about doing deals during Trump's second term.Disney's Bob Iger is taking a different tack: He says the company has bought everything it needs.Regardless of what Iger actually wants to do, he's probably better off not talking about it right now. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access ...

On Thursday, the European Commission fined Meta almost 798 million euros (about $840 million).It said Meta linked Facebook Marketplace to its social network and imposed unfair conditions on rivals.Meta said it will appeal, saying people use Marketplace "because they want to, not because they have to." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Ac ...

Portfolio Adjustments - Renaissance Technologies reduced its Tesla stake by 86%, from 2.1 million shares to 284,000 shares, decreasing the position's value from $406 million to $74 million [3] - The fund halved its Nvidia stake to approximately 3.5 million shares, reducing the position's value from $867 million to $428 million [4] - RenTech increased its GameStop position by over 40% to 1.9 million shares, worth $44 million at the quarter's close [7] Stock Performance - Tesla stock gained 26% during the period, despite RenTech's significant reduction in its stake [3] - Nvidia shares rose 20% during the quarter, even as the fund cut its position in half [4] - Tesla and Nvidia have been among the world's hottest stocks this year, with gains of 33% and 195% respectively [4] Portfolio Composition - RenTech's overall stock portfolio increased in value by 13% to $66.5 billion last quarter [6] - The fund's largest positions included a $1.4 billion stake in Palantir and a $975 million position in Novo Nordisk [6] - Tesla dropped from RenTech's 10th-largest holding to outside the top 200, while Nvidia fell from third to tenth [3][4] Investment Strategy - RenTech relies on algorithms to determine many of its trades, often resulting in significant changes to its stock portfolio each quarter [5] - Quarterly portfolio updates provide only a snapshot of the firm's holdings on a particular date and do not include short sales, private investments, or overseas wagers [7] - The updates may not fully reflect the investing strategy behind the picks, especially when algorithms drive the trades [8]

Tesla CEO Elon Musk threw his money and influence behind Donald Trump.He gave speeches, hosted rallies in swing states, posted frequently on X, and funneled at least $119 million into a pro-Trump super PAC called America PAC.When Trump won the election, Tesla's stock soared. Its share price is now up nearly 33% year to date.Advertisement On Tuesday, President-elect Trump announced that Musk would take on an advisory role and co-lead the Department of Government Efficiency, or DOGE, alongside the entreprene ...

The US Supreme Court heard Nvidia's arguments against a class action securities fraud lawsuit.Nvidia is accused of misleading shareholders about cryptocurrency mining-related sales.The company's lawyers argue plaintiffs have not met pleading standards set by a 1995 law. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a p ...

Intel is struggling to gain market share in the semiconductor industry. Intel becoming a globally competitive US chip manufacturer is vital for the US economy. Intel executives say the company is in the process of executing a turnaround plan. Insider Today NSIDER TODA Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personal ...

Group 1 - Ford is reducing work hours for its employees at the Cologne plant due to lower than expected demand for electric vehicles [1][2][3] - The company has over 4,000 employees at the Cologne facility and has applied for a temporary part-time work scheme under Germany's Kurzarbeit program [4][3] - The Kurzarbeit program allows employers to reduce work hours instead of laying off employees, with the government covering 60% of the pay for hours not worked [4] Group 2 - The electric vehicle industry is currently facing challenges, prompting Ford and other manufacturers to focus on hybrid vehicles to meet market demand [5] - In August, Ford announced the cancellation of plans for delayed electric SUVs and the postponement of its next electric pickup truck, opting to replace them with hybrid models [6] - Ford reported third-quarter revenue of $46 billion and a net income of $0.9 billion, a decrease of $0.3 billion from the previous year [7]