(Reuters) -Walt Disney said on Monday it would appoint a new chief executive officer in early 2026 and named James Gorman as its chairman. Gorman, executive chairman of Morgan Stanley, would step down from that role at the end of 2024 and take on the position at Disney in January. He would succeed Mark Parker,…
By Polina Devitt and Swati Verma LONDON (Reuters) – Gold is extending a period of successive record highs, moving the psychological milestone of $3,000 per ounce into view, analysts said, as geopolitical tension, a tight U.S. electoral race and favorable macro backdrop attract more investors. Spot gold reached a historic high of $2,740.37 a troy…
As we head into another critical week for the stock market, the focus turns to the earnings reports of some major players across diverse sectors. Boyd Gaming, Tesla, Verizon, Lockheed Martin, and GE Aerospace are expected to unveil their third-quarter results. Each of these companies provides a unique perspective on the broader market and individual…
Election season always brings a swirl of headlines, campaign promises, and uncertainty—and the stock market often reacts accordingly. But here’s the thing: while the run-up to Election Day can be a wild ride, once the votes are counted, the market tends to settle down. Regardless of who takes office, history shows that the stock market…
Netflix’s Q3 2024 earnings are out, and one thing is crystal clear: the streaming giant isn’t just coasting on past successes—it’s setting the stage for what could be an even bigger year in 2025. With 15% year-over-year revenue growth and operating margins climbing to an impressive 30%, Netflix continues to prove why it’s a dominant…
(Reuters) – Former NBC anchor Brian Williams will host a special one-night show delivering election results and analysis to Amazon.com customers on Nov. 5, the company said on Thursday as it looks to capitalize on one of the most anticipated events of the year. The show will be produced by Glenn Weiss and Ricky Kirshner…
(Reuters) -Cash-strapped electric luxury sedan maker Lucid said on Thursday a combined public offering and private placement of roughly 637 million shares would likely fetch it $1.67 billion. The stock sale as well as its latest warning of a bigger-than-expected loss for the third quarter sent Lucid shares down as much as 16.5% to $2.74,…
(Reuters) -Shares of Nvidia hit a record high amid a rally in U.S. chip stocks on Thursday after industry bellwether TSMC’s strong sales forecast boosted investor optimism about demand for processors used to power artificial intelligence applications. Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker, raised its expectation for annual revenue growth and said…
By Costas Pitas (Reuters) – The U.S. Secret Service has become bureaucratic and complacent and is in need of reform, an independent review into the first assassination attempt on Donald Trump concluded on Thursday, saying without change such an incident will happen again. On July 13, Trump, who is the Republican candidate in the Nov….
By Hyunsu Yim and Hyonhee Shin SEOUL (Reuters) – North Korean state media said on Wednesday around 1.4 million young people had applied to join or return to the army this week, blaming Seoul for a provocative drone incursion that had brought the “tense situation to the brink of war”. The fiery rhetoric comes after…
