Tag: business news

Disney beat back activist investor Nelson Peltz. Now the real work begins

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[ad_1] Bob Iger, CEO, Disney at the Allen & Company Sun Valley Conference on July 11, 2023 in Sun Valley, Idaho David A. Grogan | CNBC Disney shareholders overwhelmingly voted to keep the company’s current board intact during Wednesday’s annual meeting, suggesting they believe current CEO Bob Iger has a plan to boost shares and install a strong successor. Now, Iger will have to prove it, or he risks facing yet another activist campaign this time next year. Iger can show progress in a number of areas over the next…

Steve Cohen says it's early to judge Mets season, sees making team a winner as a 'civic responsibility'

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Steve Cohen, owner of the New York Mets, remains unfazed by the team’s early-season struggles, drawing parallels between baseball’s ups and downs and his experience in the financial world. Despite a rocky start, Steve Cohen is focused on long-term success, emphasizing the importance of building a winning team while also viewing ownership as a civic responsibility. [ad_1] The New York Mets and their revamped roster are languishing in this young baseball season, but owner Steve Cohen isn’t panicking, not by a longshot. After all, one of the most prolific hedge…

Iowa-LSU draws 12.3 million viewers, most in women's college basketball history

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Iowa-LSU draws historic victory over LSU in the NCAA Women’s Basketball Tournament Elite Eight draws record-breaking viewership, led by superstar Caitlin Clark. The game sets records for ESPN and FanDuel, with Iowa advancing to face UConn in the Final Four. Clark’s remarkable career trajectory includes surpassing Pete Maravich as the NCAA’s all-time leading scorer and anticipated selection as the top pick in the upcoming WNBA Draft. [ad_1] Kate Martin #20 of the Iowa Hawkeyes shoots the ball during the second half against the LSU Tigers in the Elite 8 round…

New freight crew rule tests rail industry's clout, one year after East Palestine disaster

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[ad_1] A Union Pacific freight train is seen traveling on April 21, 2023 in Round Rock, Texas. Brandon Bell | Getty Images One year after the East Palestine, Ohio train derailment created an environmental disaster, the Biden administration on Tuesday unveiled new regulations intended to shore up freight rail safety. A new rule finalized by the Federal Railroad Administration will require freight trains in the United States to operate with at least two crewmembers in most circumstances. The government previously instituted a two-person crew requirement, but a loophole allowed railroads…

10-year Treasury yield rises slightly as bets on June rate cuts cool down

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[ad_1] The 10-year Treasury note yield rose slightly Tuesday, adding to its gains from the previous session, as traders reassessed the possibility of the Federal Reserve cutting rates in June. The benchmark rate was up nearly 2 basis points at 4.347%, trading at the highest in two weeks and almost the highest levels of the year. The 2-year Treasury note yield was just below flat at 4.714%. Yields and prices move in opposite directions, and one basis point equals 0.01%. The moves come after manufacturing in the U.S. expanded for…

Trump posts $175 million bond in New York civil fraud case

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In the New York civil fraud case, former President Donald Trump has posted a $175 million bond to prevent the seizure of his assets while the case is under appeal. This action follows a state appeals court ruling that Trump and his co-defendants had 10 days to post the amount, which was reduced from the initial $464 million judgment. Trump’s attorney expressed confidence in overturning the verdict on appeal. [ad_1] Former U.S. President Donald Trump speaks after attending a wake for New York City Police Department (NYPD) officer Jonathan Diller,…

Trump Media plunges more than 25% after company reports net loss of $58 million in 2023

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Trump Media, the company behind the Truth Social app linked to former President Donald Trump, reports a significant net loss in 2023, leading to a sharp decline in share price. Despite high market capitalization, financial filings reveal ongoing operating losses and internal control weaknesses, raising concerns about the company’s future viability and unique risks associated with Trump’s involvement. [ad_1] This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Stefani…

USA Treasury yields search for direction after the long weekend

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USA Treasury yields saw minimal movement early on Monday after the extended Easter weekend, with the 10-year yield remaining flat while the 2-year yield dipped slightly. Investors are responding to the latest data on inflation, which indicates that the Federal Reserve may delay interest rate cuts. Analysts have varying opinions on the Fed’s future actions, with some forecasting no rate cuts this year and others anticipating more decisive measures. This week’s market focus will be on USA Treasury auctions, ISM manufacturing data, construction spending figures, and the upcoming March jobs…

Baltimore engineers begin clearing bridge wreckage to reopen channel

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[ad_1] The cargo ship Dali sits in the water after running into and collapsing the Francis Scott Key Bridge on March 26, 2024 in Baltimore, Maryland.  Kevin Dietsch | Getty Images Engineers in Maryland on Saturday began lifting a piece of Francis Scott Key Bridge out of the waterway in Baltimore, the first step in a long process to reopen the city’s shipping port. “I cannot stress enough how important today and the first movement of this bridge and the wreckage is,” said Gov. Wes Moore at a Saturday press…

‘I am so scared of them now’: Burned from overspending, some ‘buy now, pay later’ users warn others away

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[ad_1] Many consumers find buying now and paying later a godsend when cash is tight. Others are wishing they’d paid upfront to avoid pain later. Tia Whiteside, 27, knew she was spending more than she would have without buy now, pay later services — the popular loans that let borrowers split purchases into installments with little or no interest. Planning a day trip to the beach with her 2-year-old son last year, she spent $800 on Amazon purchases including a tent, new outfits and a high-end sandcastle kit with the…