Jump to content
The World News Media

Money & Finance

Member
  • Content Count

    1,286
  • Joined

  • Last visited

  • Days Won

    1

Everything posted by Money & Finance

  1. “At some point fairly soon after launch, it will house the entire Disney motion picture library”—Iger to shareholders at Disney’s annual meeting. Disney will be opening what had been a locked “vault” of classics to put on Disney+, the company’s upcoming streaming service.
  2. The new “Star Wars” attraction is coming to Disneyland on May 31...but you’ll need a reservation to get in. “No one has ever attempted anything of this magnitude”—Iger again.
  3. The Dumbo in the room is Disney CEO Bob Iger, who was awarded $65.6 million last fiscal year. Iger is one of entertainment’s highest paid execs, though his max annual pay was recently cut by $13.5 million.
  4. "Jesus Christ himself isn't worth 500 times his median workers' pay"—Abigail Disney, the granddaughter of Disney cofounder Roy Disney to CNBC.
  5. Airbnb is buying HotelTonight, the last-minute booking service you use when your friend says you can’t crash because her “roommate is sick.” You don’t even have a roommate, Janet. The financial terms weren’t disclosed, but HotelTonight was valued at $463 million when it last raised money in 2017. That would make it Airbnb’s largest acqusition ever. The strategy behind the deal Airbnb, the disruptor du jour in the hospitality industry, is on a quest to become an “end-to-end travel platform,” jargon for “we want to control every aspect of your travel experience.” So how does HotelT
  6. This week, the L.A. Times released its official french fry rankings. Take a good look... It rated Five Guys and McDonald’s as the two best and In-N-Out and Sonic as the two worst. We can do better: We have over 1 million readers and we’d much rather trust your collective taste buds than one writer’s hot take Which fries do YOU think are best?
  7. Nigeria: Africa’s largest economy and most populous country is scheduled to hold presidential elections today. Current President Muhammadu Buhari is facing off against Atiku Abubakar, a wealthy businessman. Whoever wins will have to confront the oil-dependent country’s growing challenge of extreme poverty.
  8. Maybe three ways... India: The government’s new proposal to force internet giants to remove content it views as harmful is drawing comparisons to China’s strict censorship system. Platforms affected could include Facebook, Google, TikTok, and more. The result? “A splintering internet, where a onetime unified information superhighway has become increasingly restricted in certain areas,” writes the NYT.
  9. Why wouldn't they just produce less waste food and lower the prices on their current offerings?
  10. Starbucks (-0.18%) disclosed for the first time how much it pays its median worker: $12,754 per year plus 52 lbs of coffee. That’s one pound of coffee and about $245 a week.
  11. The NFL and Colin Kaepernick have reached a settlement. The former 49ers QB is reportedly getting a payout in the “$60 million to $80 million range.”
  12. In the price war being waged by U.S. brokerages, the biggest battle looks to be that for ETF (exchange-traded fund) dominance. Just this week, both Fidelity and Charles Schwab announced they would each expand commission-free trading to hundreds more ETFs. Why are ETFs so important for brokerages? Much like your student council elections in middle school, this is a popularity contest—and low-cost ETFs have become popular enough to attract about $3.3 trillion in assets as of the end of December (plus 91% of millennials said ETFs were their choice investment vehicles last year). Bu
  13. Deutsche Bank’s Got Issues "At this point, Deutsche Bank's biggest problem may simply be how many problems it has." Don't sugarcoat it, Bloomberg. So what are all those problems? Germany's top bank has suffered a prolonged spell of declining revenues, growing expenses, crumbling credit ratings, and misconduct fines to the tune of $17 billion in the last decade. Paired with outdated technology and difficulty attracting top talent? Well, maybe the memes say it best—is DB still a BB? Its shares lost more than half their value in 2018. The bank has tried to turn things around. C
  14. Hopefully by the time Q1 earnings begin in April, your memories of sub-zero temps will be long gone. Not so for c-suites. That's because weather repeatedly pops up as one of two unwanted guests for earnings season. The other? Currency market woes. The ICE Dollar Index jumped 4.4% last year, the most since 2015. And for multinationals that sell products overseas, that dollar strength (paired with the ongoing trade war) presents a major challenge, reports Bloomberg. Quantifying that challenge? Every 7% to 8% change in the dollar results in a 1% move in the opposite direction for U.S.
  15. When Microsoft went public in March of 1986, co-founders Bill Gates and Paul Allen, two friends from high school who bonded over their mutual love of computer science, became multi-millionaires. Gates, then 30, remained CEO and rose to prominence as one of the richest people in the U.S. The shares he sold made him $1.6 million, and the 45 percent stake he retained gained a market value of $350 million. The young CEO celebrated his newfound wealth by making a very sensible decision: He paid off his $150,000 mortgage, he told Fortune in 1986. "I bought one thing that was a tiny bi
  16. According to the 2018 Global Wealth Report from Credit Suisse Research Institute, you need a net worth of $871,320 U.S. Credit Suisse defines net worth, or "wealth," as "the value of financial assets plus real assets (principally housing) owned by households, minus their debts." More than 19 million Americans are in the 1 percent worldwide, Credit Suisse reports, far more than from any other country, while "China is now clearly established in second place in the world wealth hierarchy," with 4.2 million citizens among the world's top 1 percent. To be among the top 10 percent wo
  17. When it finally does go one day this is the part I will need to order:
  18. I found a $99 Chromebook last night and I am wondering if I could share it with others if need be?
  19. Airbnb booked "substantially more" than $1 billion in revenue during the third quarter, the company said yesterday in a memo. That means this fall was Airbnb's strongest quarter since it launched in ‘08. Feels like a few things were missing from that memo, no? All Airbnb disclosed was a loose revenue stat. But according to CNBC's insiders, Airbnb... 1) Is on track to be profitable for a second straight year 2) Reportedly posted $2.6 billion in revenue during 2017 3) Is worth about $31 billion All that without a permanent CFO since February. Not to m
×
×
  • Create New...

Important Information

Terms of Service Confirmation Terms of Use Privacy Policy Guidelines We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.