Nelson Peltz, founding partner and CEO of Trian Fund Management, speaks with CNBC’s Andrew Ross Sorkin on July 17, 2013 in New York. Heidi Gutman | CNBC, NBCU Photo Bank, NBCUniversal via Getty Images Are you not entertained, Nelson Peltz? Disney shares jumped 6% in after-market trading Wednesday after the company posted earnings and flooded … Read more
A detail view of a broadcast camera is seen with the NFL crest and ESPN Monday Night Football logo on it during a game between the Chicago Bears and the Minnesota Vikings at Soldier Field in Chicago on Dec. 20, 2021. Icon Sportswire | Icon Sportswire | Getty Images ESPN will launch its flagship direct-to-consumer … Read more
Taylor Swift performs during opening night of the Chicago Eras Tour at Soldier Field on June 2, 2023, in Chicago. Chicago Tribune |Getty …Ready for it? Taylor Swift’s filmed Eras Tour has found a home on Disney+. The concert film will arrive on the platform on March 15, Disney CEO Bob Iger announced during the … Read more
Los Angeles Lakers forward LeBron James (23) during the NBA game between the Los Angeles Clippers and the Los Angeles Lakers on January 07, 2024, at Crypto.com Arena in Los Angeles, CA. Jevone Moore | Icon Sportswire | Getty Images The U.S. media world was rushing — panicking? — Wednesday to try to figure out … Read more
Rafael Henrique | Lightrocket | Getty Images Enphase Energy sees light at the end of the tunnel this year for the solar market after the industry has taken a beating from high interest rates. High rates have depressed demand for residential solar installations in 2023, leaving companies like Enphase saddled with too much inventory. Enphase … Read more
Ethanol plant, Milton, Wisconsin. Getty Images Ethanol producer and agri-tech company Green Plains said on Wednesday it would initiate a strategic review, a year after activist investor Ancora sent a letter to its board encouraging it to do just that. Shares jumped more than 15% in midday trading following the news, which was announced alongside … Read more
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. U.S. stocks climbed higher Wednesday as investors digested more corporate earnings releases. The Nasdaq was up 0.7%, leading gains among the three stock benchmarks. The S & P 500 … Read more
LOS ANGELES – The Walt Disney Company will report fiscal first quarter results after the bell Wednesday as its board battles again with activist investor Nelson Peltz and Blackwells Capital. The media behemoth will also post earnings a day after it announced its sports network ESPN would partner with Fox and Warner Bros. Discovery to … Read more
2025 Cadillac Escalade IQ GM DETROIT – General Motors plans to spend $19 billion over roughly the next decade to source critical materials for use in electric vehicle batteries from LG Chem, the companies said Wednesday. The long-term supply contract will see LG Chem supply GM with more than 500,000 tons of cathode materials – … Read more
Uber CEO Dara Khosrowshahi looks on during the APEC CEO Summit at Moscone West on November 15, 2023 in San Francisco, California. Justin Sullivan | Getty Images Uber reported fourth-quarter results Wednesday that beat analysts’ estimates on top and bottom lines. Shares fell more than 1% in premarket trading. Here’s how the company did: Earnings per share: 66 cents vs. … Read more
