Disney recently announced that it will be increasing the prices of its popular streaming platforms, including Disney+, Hulu, and ESPN+. Starting in mid-October, most subscription plans will see a price increase of $1 to $2 per month. The most notable increase will be on Hulu’s plans that include live TV, which will now cost $6
Yum Brands recently reported its quarterly financial results, which showed a mixed performance. The company’s earnings per share were $1.35 adjusted, slightly surpassing the analyst’s expectations of $1.33. However, its revenue of $1.76 billion fell short of the anticipated $1.8 billion. The net income for the second quarter was $367 million, or $1.28 per share,
Uber has recently announced its second-quarter earnings report, surpassing the expectations of Wall Street analysts. The company reported earnings per share of 47 cents, exceeding the anticipated 31 cents. Additionally, Uber’s revenue stood at $10.7 billion, higher than the expected $10.57 billion. This represents a 16% increase from the previous year’s revenue of $9.23 billion.
Saudi Aramco, the state oil giant, reported a net profit of $29.1 billion for the second quarter of the financial year, showing a slight decrease of just over 3% compared to the same period last year. The decline in profits can be attributed to the low crude production volumes that the company experienced during this
India is projected to experience the most rapid expansion in ultra high net worth individuals worldwide over the coming years, according to consultancy Knight Frank. This comes as no surprise given the surge in India’s ultra-wealthy population, with a net worth exceeding $30 million, which increased by 6.1% to 13,263 individuals in 2023. The ultra-wealthy
On Monday evening, brokerage firm Robinhood made a significant announcement that shook the trading industry. The company revealed that it would not be offering overnight trading due to an issue with its execution venue. This decision was likely met with frustration from traders who rely on Robinhood for round-the-clock trading options. The third-party firm that
Warren Buffett’s unexpected decision to cut Berkshire Hathaway’s Apple stake by half has sent shockwaves through the investing world, leading to a significant drop in the tech stock’s value on Monday. This move has raised eyebrows and sparked speculation about the reasons behind such a drastic action. In the wake of an intensifying global sell-off
In recent years, record inflation has caused many individuals to question the once widely-held belief that homeownership is a good investment. The escalating prices of homes have outpaced the growth of incomes, leading to concerns among homeowners. According to a 2023 analysis of U.S. Census data by the Chamber of Commerce, more than 1 in
DraftKings, a leading mobile betting platform, has recently announced its plans to implement a gaming surcharge on winning bets in states with high sports betting tax rates. This move is intended to boost the company’s profits and align itself with industry standards. However, the decision has sparked discussions and criticisms within the gambling community. The
Delta Air Lines CEO Ed Bastian recently took a bold step to acknowledge the challenges faced by the company’s employees in the wake of massive disruptions caused by a botched CrowdStrike software update. These disruptions led to thousands of customers and crew members being stranded, resulting in the cancellation of over 5,000 flights from July