Stocks appear to be staging a reversal on Wednesday, reclaiming more ground after Tuesday’s first rally attempt. The gains come on the heels of a three-day rout that took out a substantial portion of this year’s market gains.A sharp rise in the Japanese Yen against the US dollar ignited an unwinding of what’s referred to as a “carry trade,” whereby speculators who borrowed money at Japan’s near-zero interest rates to buy US risk assets rushed to liquidate their holdings.In the years leading up to the 2008 f ...

Walt Disney reported a decline in operating profit at its theme parks and predicted a ‘moderation in demand’ in coming quarters, overshadowing the success of the animated Pixar film “Inside Out 2” and the company’s streaming services.The company’s stock was down 1.3% Wednesday as Disney warned operating income at the parks would be down ‘mid single-digits’ in the fiscal fourth quarter. 3 The Walt Disney Company’s latest earnings report beat estimates from Wall Street analysts. AP“We expect to see a flatti ...

The Walt Disney Company hosted an earnings call on Wednesday.CFO Hugh Johnston said the company will crackdown on password-sharing in September.Disney also reported that its streaming business is profitable for the first time this quarter. 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 personalized feed while you're o ...

U.S. stock futures are trying to hold on to yesterday’s rebound after three straight sessions of bloodbath. Currently, the S&P 500 is up +56 points, the Nasdaq is +233 points, and the Dow is +313 points.Investors are trying to reassess the situation following last week’s weak jobs data that showed lower-than-expected job additions in July and a spike in the unemployment rate that raised concerns among investors about the economy’s health. Tech stocks that have been driving the Wall Street rally for so long ...

Disney on Wednesday warned of softness in its theme-park business in the third-quarter. Disney’s Experience segment, the business unit that houses its theme parks, cruises and consumer products, generated revenues of nearly $8.39 billion and operating income of $2.22 billion in the three-month period. Those results represented a 2% increase and 3% decrease year over year, respectively.CLICK HERE TO READ MORE ON FOX BUSINESS "Segment revenue growth was impacted by moderation of consumer demand towards the en ...

Disney stock is flat this year, but the company is becoming more profitable.In today's video, I will talk about Walt Disney's (DIS -1.51%) third-quarter earnings report. Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Aug. 7, 2024. The video was published on Aug. 7, 2024. ...

Walt Disney Co (NYSE:DIS) stepped into the earnings confessional this morning, where it reported fiscal third-quarter results. The entertainment giant announced earnings of $1.39 per share on revenue of $23.16 billion, both of which beat Wall Street's expectations thanks to strength in its streaming units, though lackluster demand at Disney parks are weighing on the shares. At last glance, DIS is 2.6% lower at $87.57. The security has steadily worked lower since a roughly two-year high on March 28, with its ...

Disney and Pixar's "Inside Out 2" returns to the mind of newly minted teenager Riley just as new Emotions show up. Embarrassment (voice of Paul Walter Hauser), Anxiety (voice of Maya Hawke), Envy (voice of Ayo Edebiri) and Ennui (voice of Adèle Exarchopoulos) are ready to take a turn at the console. Directed by Kelsey Mann and produced by Mark Nielsen, "Inside Out 2" releases only in theaters June 14, 2024.Here's a surprise: Disney's media business isn't weighing down the company anymore.The primary Disney ...

After launching Hulu on Disney Plus in March for US subscribers, the ESPN hub addition is landing on the streaming service in December, the company shared in its third-quarter executive summary on Wednesday. CEO Bob Iger initially announced the news about adding ESPN content to Disney Plus during Walt Disney Co.'s second-quarter earnings call in May."By the end of this calendar year, we will be adding an ESPN tile to Disney Plus, giving all US subscribers access to select live games and studio programming w ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Disney said it turned a profit on its combined streaming business for the first time, and a quarter ahead of schedule. Disney reported Wednesday better revenues than anticipated in the most recent quarter, atop a first profit in its streaming business, but its theme parks are coming under pressure. The mixed picture drove its ...