-
Disney laying off several hundred in film, TV, finance: Reuters
Bob Iger, CEO, The Walt Disney Company appears at the Disney Entertainment Showcase at D23: The Ultimate Disney Fan Event in Anaheim, California on August 09, 2024. Jesse Grant | Getty Images Entertainment | Getty Images Media company Walt Disney is laying off several hundred employees in film, television and corporate finance, a Reuters source…
-
Stock limbo, volatility, dollar vs. metals: Market Takeaways
00:00:00 Speaker A Well, US stocks closed higher to start June as investors shrug off a flare-up in US-China trade tensions, and Yahoo Finance’s Jared Blikre joins us now with the trading day takeaways. Jared. 00:00:14 Jared Blikre Thank you, Josh. We gotta start with the major indices. Just a continuation from what I was…
-
SJU baseball clubhouse named one of Finance and Commerce’s top projects of 2024
For the second time in three years, the Saint John’s University campus has been featured in Finance and Commerce’s annual list of the state’s top projects. The Saint John’s University baseball clubhouse – located adjacent to Haugen Field at Becker Park – was named as one of the statewide magazine’s top projects of 2024. The…
-
Stock market today: Dow, S&P 500, Nasdaq close higher as US-China trade tensions flare up
In May, economic activity in the US manufacturing sector contracted further. The Institute for Supply Management’s (ISM) manufacturing PMI registered a reading of 48.5 in May, up from April’s reading of 48.7. Readings above 50 for this index indicate an expansion in activity, while readings below 50 indicate contraction. The manufacturing sector has been…
-
Disney to lay off several hundred employees globally
Disney (DIS) is laying off several hundred employees across its global operations as part of an effort to reduce costs, with consumers increasingly shifting from traditional cable packages to streaming. The cuts are part of a broader effort to streamline operations as the entertainment giant adapts to a rapidly changing media landscape. Affected areas…
-
Freedom Bank Hires Scott Clark as Executive Vice President and Chief Financial Officer
Seasoned Financial Leader Joins Freedom Bank to Drive Strategic Growth and Operational Excellence FAIRFAX, Va., June 2, 2025 /PRNewswire/ — Freedom Financial Holdings, Inc. (OTCQX: FDVA) (“the Company”) is pleased to announce the appointment of Scott Clark as Executive Vice President and Chief Financial Officer of the Company and of The Freedom Bank of Virginia…
-
Brazil’s finance minister links potential IOF tax tweak to financial tax overhaul
(Reuters) -Brazil’s Finance Minister Fernando Haddad said on Monday that any changes to a recent increase in the tax on financial transactions (IOF) would be tied to broader corrections of what he described as distortions in financial taxation.The government last month hiked the IOF tax on some transactions to meet its fiscal targets, but the…
-
Trump tariffs live updates: China, EU tensions escalate as US pushes countries for deals
China has hit back at President Trump, accusing the US of violating their recent trade agreement, making it less likely that Trump will get the leadership call he wants to restart trade talks between the two sides. On Monday, the Chinese Ministry of Commerce said in a statement that the US had introduced discriminatory…
-
Alphabet stock could fall as much as 25% in ‘black swan event’ if judge orders Google Chrome divestiture
Alphabet (GOOG, GOOGL) stock could drop between 15% and 25% if US District Judge Amit Mehta orders Google to sell off its Chrome browser, Barclays analysts have said. In August, Google lost a landmark antitrust trial against the US Department of Justice. Judge Mehta found the tech giant guilty of monopolizing the search engine…
-
Rivian’s R2 will ‘underpin’ all future Volkswagen EVs, exec says
When Volkswagen (VOW.DE) invested billions of dollars in a joint venture with Rivian (RIVN), it was seen as a win-win for both companies. The German giant would have access to Rivian’s zonal architecture and systems for EVs, and Rivian received the cash — and time — for its future product buildout, including the R2…
