LIVE: Netflix Co-CEO testifies before Senate over Warner Bros. deal About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinan ...

It's been a long saga here. You know, starting maybe more than ten years ago when we started talking about succession for Bob Iger. And they had a nice plan set up, a very clear plan.They had two leading candidates, both well-regarded by Wall Street. Either one would have been acceptable and just want this time for Bob Iger to make a choice. He's decided, no, I'm going to stay here.And so both of those executives eventually left the company. And then we started all over again. And in years later, another su ...

Core Insights - Disney has appointed Josh D'Amaro as its new CEO, concluding a troubled succession process following Bob Iger's return to the company after Bob Chapek's dismissal [1][2] Group 1: Leadership Transition - D'Amaro has been the chairman of Disney's experiences since 2020, overseeing theme parks and cruise ships, similar to Chapek's previous role [2][3] - Bob Iger praised D'Amaro as "an exceptional leader" and the right choice for the CEO position [2][7] - D'Amaro will officially assume the CEO role in March, with Dana Walden becoming president and chief creative officer [3] Group 2: Company Overview - Disney is valued at $185 billion and is a major player in the media and entertainment industry, having acquired significant franchises like Pixar, Marvel, and Lucasfilm under Iger's leadership [3] - The company has a vast tourism business centered around its resorts and cruise ships, along with a large digital media segment [3] Group 3: Financial Performance - Disney+ reported increased profits from its streaming services, including Disney+, Hulu, and ESPN, but raised concerns about "headwinds" affecting international visitors to its US theme parks [4] - The entertainment division's earnings declined due to heavy spending on marketing for films like Zootopia 2 and Avatar: Fire and Ash [4] Group 4: D'Amaro's Vision - D'Amaro expressed gratitude for the opportunity to lead Disney and emphasized the importance of the company's people and creative excellence [5] - He highlighted the potential for Disney to achieve great things and his commitment to honoring the company's legacy while driving innovation and value for consumers and shareholders [6]

Disney names Josh D'Amaro, who leads its parks division, as new CEO. He will succeed longtime executive Bob Iger.https://t.co/2eX2n7CmW2 ...

Core Insights - Disney has appointed Josh D'Amaro as the new CEO, marking him as the 9th CEO in the company's history, succeeding Bob Iger [1] - D'Amaro has been leading Disney's Experiences division, which generated $36 billion in annual revenue in fiscal 2025 and employs 185,000 people globally [1] - The company is currently experiencing success with box-office hits and a strong streaming business, but faces challenges with declining foreign visitors to its domestic theme parks [2] Leadership Transition - D'Amaro's responsibilities will include leveraging Disney's intellectual property for successful movies and theme park expansions, as well as driving growth in streaming and sports [3] - The decision to appoint a new CEO comes after a previous unsuccessful transition that led to Iger's return to the role in 2022 [4] - Disney undertook a thorough succession planning process, starting in 2023, and enlisted James Gorman to lead the search for the new CEO [5] Internal vs External Candidates - Iger will remain as a senior adviser and board member until his retirement at the end of the year, and while external candidates were considered, the expectation was that Disney would promote from within [6] - The internal promotion is seen as beneficial due to the mentorship provided by Iger and the candidates' familiarity with the company's board [6] Unique Challenges - Disney's CEO must manage a diverse entertainment empire while also being a prominent public figure, with D'Amaro and Dana Walden emerging as leading candidates for the role [7]

Breaking: Disney named parks chief Josh D’Amaro as CEO. He will be the ninth person to lead the company in its 102-year history. https://t.co/0d8GpjDmfO ...

Market Overview - Futures are trading higher following a strong bounce-back on Monday, with major indices closing positively as investors overlook various geopolitical and market concerns [2] - The Dow Jones closed at 49,407, up 1.05%, S&P 500 at 6,976, up 0.54%, Nasdaq at 23,592, up 0.56%, and Russell 2000 at 2,637, up 0.90% [2] Treasury Bonds - Treasury yields increased as sellers dominated the market, influenced by investor anxiety regarding the new Federal Reserve chair nomination and potential government shutdowns [3] - The 30-year bond yield finished at 4.91% and the 10-year note at 4.28% [3] Oil and Gas - The energy sector faced significant declines due to easing geopolitical risk premiums, particularly related to U.S.-Iran tensions [4] - Brent Crude fell to $66.40, down 4.2%, and West Texas Intermediate closed at $62.26, down 4.52% [4] - Natural gas prices dropped 25% to $3.26, attributed to expectations of warmer weather following a cold snap [4] Gold and Precious Metals - A significant sell-off in precious metals has been observed, attributed to profit-taking and market reactions to the nomination of Kevin Warsh as the new Federal Reserve chair [5] - Gold closed at $4,764, down 4.4%, and silver at $79.36, down 6.7% [5] - Despite the dramatic selling, there was a rally off lows, with market professionals viewing this as a healthy pause [5] Economic Outlook - With the conclusion of 4th-quarter earnings, investors are focusing on upcoming economic data, particularly significant tech earnings expected soon [6] - The recent rally is seen as a positive development amidst losses in precious metals and cryptocurrencies, indicating a shift in investor strategy towards active engagement [6]

Core Viewpoint - Disney's stock is experiencing fluctuations due to the impending CEO transition, with a focus on the company's strong quarterly performance despite leadership uncertainties [5][6]. Financial Performance - Disney's overall revenue reached approximately $26 billion, reflecting a 5% year-over-year increase and surpassing Wall Street's expectations of $25.7 billion [4]. - The experiences division, which includes theme parks, resorts, and cruises, generated over $10 billion in quarterly revenue [2]. CEO Transition - The Disney board is expected to vote on a new CEO this week, marking the second time the company has sought a successor for Bob Iger since his return [5]. - Analysts from Jefferies and BofA noted that the leadership transition is currently an overhang on Disney's shares, but a resolution appears imminent [6]. - Iger acknowledged that the previous appointment of Bob Chapek was a mistake and emphasized the need for the company to adapt and evolve [6][8]. Potential Successors - Josh D'Amaro, Chair of Disney Experiences, and Dana Walden, co-chair of Entertainment, are among the top candidates to succeed Iger [8]. - The appointment of D'Amaro is anticipated to be positively received by the investment community due to the significance of the experiences division to Disney's earnings [9].

Atlanta Fed President Raphael Bostic said on Monday, “We have so much momentum in the U.S. economy that the Fed needs to keep the policy rate in a mildly restrictive stance,” adding that he does not project any rate cuts in 2026.Following the manufacturing data, traders slightly pared expectations for Fed rate cuts. U.S. rate futures have priced in a 91.0% probability of no rate change and a 9.0% chance of a 25 basis point rate cut at the next central bank meeting in March. The next rate cut is expected to ...

Netflix plans to host what could be the largest live K-pop event to date with the return of BTS to the stage https://t.co/EtStDt4mXJ ...