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Despite Headwinds, Disney Reappoints Chapek as CEO Through 2025

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Despite a very rough patch of late, Disney CEO Bob Chapek has won reappointment as top Big Mouse exec. Chapek “could remain at the helm of Disney until at least 2025” and has a lot to tackle, including a flagging stock price,...more

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Tesla Impresses with Massive Q1 Profits

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Tesla delivered $3.3 billion in profits during the first three months of 2022, a massive increase from the sub-$500M figure during the same period a year before. Still, the company also told investors on Wednesday that “it...more

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Financial Daily Dose 10.12.2021 | Top Story: Southwest Cancellations Continue, Stranding Angry Passengers

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Southwest Airlines canceled hundreds more flights to start the week, though its operations were closer to normal after a weekend that saw the carrier nix almost 2000 flights. The company blamed a mix of weather problems, “air...more

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Financial Daily Dose 8.27.2020 | Top Story: TikTok CEO Resigns After Just 4 Months on Job

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Still-new TIkTok CEO Kevin Mayer has stepped down, “just months after taking the helm of the viral short video app.” ByteDance had appointed Mayer in May in an effort “to make the case that TikTok operates as a separate...more

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Financial Daily Dose 7.9.2020 | Top Story: United Airlines Warns of Layoffs Affecting 40% of Its Workforce This Fall

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United Airlines is preparing to furlough as many as 36,000 workers—“nearly 40 percent of its global work force”—if the travel industry remains weak as summer turns into fall. The October 1 cuts would coincide with the end of...more

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Financial Daily Dose 2.26.2020 | Top Story: CDC Warning About COVID-19 in the US Sends Stocks Tumbling Again

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A stark warning from the Centers for Disease Control that Americans should prepare for a COVID-19 outbreak sent stocks tumbling again on Tuesday, with the S&P 500 closing down 3% (and firmly in the red for the year) by the...more

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Financial Daily Dose 2.5.2020 | Top Story: Amazon Joins Trillion-Dollar Market Cap Club

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Amazon closed out the trading day yesterday as an official member of the $1 trillion club for the first time. Because Jeff really needed a win, folks. The company joins Microsoft, Alphabet, and Apple in that rarified...more

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Financial Daily Dose 11.13.2019 | Top Story: Buffeted by Changing Consumer Demands, Dean Foods Declares Bankruptcy

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Dean Foods, the largest milk company in the U.S., has filed for bankruptcy protection, a “fresh setback to a U.S. dairy industry struggling against declining U.S. milk consumption and rising competition.”  Industry experts...more

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Financial Daily Dose 11.08.2019 | Top Story: US and China Set to Roll Back Tariffs as Part of Trade Deal First Phase

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The U.S. and China have tentatively [maybe?] agreed that a first phase of a trade agreement “would roll back a portion of the tariffs placed on each other’s products, a significant step toward defusing tensions between the...more

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Financial Daily Dose 9.5.2019 | Top Story: YouTube Fined $170 Million for Violating Kids’ Privacy Law

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Google will pay a “record $170 million fine and make changes to protect children’s privacy on YouTube” as part of a deal it reached this week with the FTC and NY AG’s office, both of whom had accused YouTube of “violating the...more

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Financial Daily Dose 8.20.2019 | Top Story: Top Execs Signal Shift in Corporate Priorities Beyond Just Shareholder Gain

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A survey of the country’s most powerful CEOs by the Business Roundtable shows an interesting shift in how they view their top priority—no longer does advancing the interests of shareholders take the top spot. Instead, the...more

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Financial Daily Dose 8.7.2019 | Top Story: Novartis Hid Altered Drug Test Data From FDA

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A new report out Tuesday from the Food & Drug Administration reveals that drug maker Novartis “concealed manipulated data” from the agency “while applying for approval of an extremely expensive gene therapy treatment and then...more

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Financial Daily Dose 5.15.2019 | Top Story: Disney to Assume Full Control of Hulu

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Disney will take total control of the TV and movie streaming service Hulu after forking over at least $5.8 billion to buy out last remaining partner, Comcast. That price won’t be determined for a while, though, as the sale...more

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Financial Daily Dose 5.6.2019 | Top Story: New Tariff Threats Upend US-China Talks

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All of Treasury Secretary Mnuchin’s “great progress” reports be damned, apparently. Over the weekend, the White House threatened to fast-forward plans to raise tariffs from 10 to 25% on $200 billion of Chinese imports,...more

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Your Daily Dose of Financial News

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Disney has officially added a + and unveiled its new streaming service (that would be Disney Plus), a subscription video program “dedicated to movies and shows from Disney, Pixar, the ‘Star Wars’ franchise, National...more

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Your Daily Dose Of Financial News

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The Federal Reserve’s Open Market Committee wrapped its March meetings yesterday with Chair Powell highlighting the central bank’s “fairly downbeat economic assessment” and the expectation that it will keep rates steady for...more

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Your Daily Dose Of Financial News

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The downfall of Nissan’s Carlos Ghosn continues today with news that Ghosn has been arrested by Japanese prosecutors over the recently revealed whistle-blower complaint alleging that he had “been misrepresenting his salary as...more

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Your Daily Dose of Financial News

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Nissan Board Chair Carlos Ghosn is on the verge of being ousted at the Japanese automaker after an internal investigation found that he had “underreported his compensation to the financial authorities for several years.”...more

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Your Daily Dose of Financial News

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Google has announced plans to shutter Google Plus, its “floundering answer to Facebook,” following the discovery of a security vulnerability that “exposed the private data of up to 500,000 users of the service.” Google...more

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Your Daily Dose of Financial News

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The Journal is breaking news this morning that American Express has been raising forex prices on customers for years “without notifying customers in a bid to boost revenue and employee commissions”....more

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Your Daily Dose of Financial News

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Comcast has withdrawn from its bidding war with Disney over 21st Century Fox’s assets, but it will continue in its pursuit of British satellite TV provider Sky PLC....more

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Your Daily Dose of Financial News

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We’ll say this—it’s not been dull over in the UK. There’s Wimbledon, the march of the Three Lions, oh, and also, less than a day after Brexit secretary David Davis and a key associate quit her government, PM May’s foreign...more

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Your Daily Dose of Financial News

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The latest round of big bank stress tests are in, and the Fed has rejected the capital plan of Deutsche Bank and limited the payouts of Goldman Sachs and Morgan Stanley....more

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Your Daily Dose of Financial News

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New York’s Department of Financial Services has reached an agreement with Deutsche Bank that will see the German firm pay $205 million as part of a settlement to resolve state banking law violations over its Forex operations....more

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Your Daily Dose of Financial News

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China’s latest response to the White House’s aluminum and steel tariff plans came in the form of a no-joke April 1 announcement of its own tariffs of roughly $3 billion in 128 U.S.-made products ranging from pork to wine and...more

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