Disney CEO Bob Iger said his company is not interested in sending messages in its movies and TV shows. In an interview with CNBC on Thursday morning, Iger said Disney’s No. 1 mission is to capture broad — if increasingly diverse — audiences. ‘Infusing messaging is not what we’re up to,’ he said. ‘We need to be entertaining.’ Iger was ...
Providing Donald Trump’s $175 million appeal bond when other insurers wouldn’t is business as usual for California financier Don Hankey. As chairman of the Los Angeles-based Hankey Group of Companies, which includes an insurer, a subprime auto lender and a commercial real estate investment firm, Hankey has amassed a fortune lending to borrowers other financial firms shun. Hankey’s assistance to ...
Disney CEO Bob Iger on Wednesday fended off an aggressive challenge by activist investors seeking to take the company in a new direction, averting what would have been a stunning embarrassment for one of Hollywood’s leading executives. The entertainment conglomerate’s corporate leadership was facing a bold attack from billionaire activist investor Nelson Peltz, who loudly pushed the company to come ...
Two men pleaded guilty on Wednesday to insider trading in securities in the company that ultimately took former U.S. President Donald Trump’s media business public. Michael Shvartsman, 53, head of Miami-based venture capital firm Rocket One Capital, and his brother Gerald Shvartsman, 46, each pleaded guilty to one count of securities fraud before U.S. District Judge Lewis Liman in Manhattan. Rocket One’s ...
Gold prices extended their rally and scaled to another record high on Monday, propelled by U.S. interest rate cut expectations and the metal’s appeal as a safe haven asset. Spot gold added 0.6% to trade at $2,245.79 per ounce. U.S. gold futures rose more than 1% to trade at $2,266.39 per ounce. “I think it’s a really exciting moment in gold,” said Joseph ...
Tesla on Tuesday published its first-quarter vehicle production and deliveries report for 2024 that showed deliveries fell 8.5% from the year-ago quarter and about 20% from the fourth quarter. Here are the key numbers: Vehicle production declined 1.7% year over year and 12.5% sequentially for Tesla. Shares dropped about 6.5%. Tesla doesn’t break out sales by model but reported that it produced 412,376 ...
If you didn’t file a tax return amid the worst of the Covid-19 pandemic and believe you’re eligible for a refund, the Internal Revenue Service wants to hear from you. The agency said this week that more than $1 billion in unclaimed refunds for tax filing year 2020 are sitting in its coffers, and that it’s still possible for eligible ...
An auditor has raised doubts about the ability of former President Donald Trump’s publicly traded company to stay in business, according to a new regulatory filing. Trump Media and Technology Group, which operates the Truth Social platform, reported it lost $58.2 million in 2023 while generating total revenues of $4.1 million, according to the Monday filing with the Securities and ...
Sneakers. Perfume. Trading cards. Bibles. Those are just some of the products Donald Trump is hawking while he runs to unseat President Joe Biden. They join a sprawling catalog of Trump-branded merchandise, ranging from steaks to scented candles, that the businessman-turned-president has licensed over the years. But as his campaign coffers dwindle and his fortune comes under threat, Trump — who has never completely severed his political career ...
Kia is recalling approximately 427,000 Telluride SUVs because they might roll away while parked. Kia, in a notice posted on the National Highway Traffic Safety Administration’s website, said the shaft components on the affected vehicles may not be fully engaged. Model years 2020-2024 are affected. Kia estimates the percentage with the defect to be 1%, with just 16 total vehicles ...