Business

Disney stock drops to worst day since 2001 after 'massive drop in profits'

Disney stock drops to worst day since 2001 after ‘massive drop in profits’

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Walt Disney Co. has a profit problem, and it has helped send the media giant’s shares to their worst daily performance in more than two decades. Although Disney DIS, -13.16% posted record sales in its most recent fiscal year, executives stunned investors with their segment operating profit forecast, which the company uses “as a measure …

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Cramer: Meta layoffs show Mark Zuckerberg 'has religion' on costs, but needs to cut more

Cramer: Meta layoffs show Mark Zuckerberg ‘has religion’ on costs, but needs to cut more

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Club holding Meta Platforms’ (META) announcement on Wednesday that it is laying off approximately 13% of its workforce, or more than 11,000 employees, is a sign to us that CEO Mark Zuckerberg, in the words of Jim Cramer, “has religion” when it comes to trying to control the company’s uncontrollable costs. While we don’t welcome …

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Goldman Sachs | Press Releases - Goldman Sachs Announces Partner Class of 2022

Goldman Sachs | Press Releases – Goldman Sachs Announces Partner Class of 2022

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November 9, 2022 – Today we are pleased to announce the Partner Class of 2022, a group of 80 individuals who have been invited to become Goldman Sachs Partners effective January 1, 2023, the start of our next fiscal year. . Every two years, we announce a new class of partners within the firm, preserving …

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Musk lays out his vision for Twitter in a public meeting on the site

Musk lays out his vision for Twitter in a public meeting on the site

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Comment this story Comment Elon Musk held a town hall meeting with some of Twitter’s biggest advertisers and marketing partners on Wednesday, airing his vision for the company and seeking to stop the organizations that provide him with most of his revenue from abandoning the platform. The move comes days after Musk – who acquired …

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Facebook parent company Meta to lay off 11,000 employees | CNN Business

Facebook parent company Meta to lay off 11,000 employees | CNN Business

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New York CNN Business — Facebook parent company Meta announced on Wednesday that it was laying off 11,000 employees, marking the largest job cuts in the tech giant’s history. The job cuts come as Meta faces a series of challenges to its core business and makes an uncertain and costly bet on pivoting to the …

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Most Americans want to “age in place” at home. Here's how to plan your support systems

Most Americans want to “age in place” at home. Here’s how to plan your support systems

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ridofranz | Istock | Getty Images We definitely want to age in place, experts say. A recent AARP report shows that 85% of respondents age 65 or older want to stay in their current residence for as long as possible. Retirement-focused financial advisors can help you with the financial and non-financial preparations to do so. …

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Elon Musk has sold nearly $4 billion worth of Tesla shares since the deal closed on Twitter | CNN Business

Elon Musk has sold nearly $4 billion worth of Tesla shares since the deal closed on Twitter | CNN Business

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New York CNN Business — Elon Musk has sold $3.95 billion worth of Tesla stock since he completed his purchase of Twitter late last month. Musk’s Tesla stock sales, totaling 19.5 million shares, have been widely anticipated since the Tesla CEO struck a deal to buy Twitter for $44 billion. Musk had sold blocks of …

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Auto giant Renault is betting the gasoline car market will continue to grow

Auto giant Renault is betting the gasoline car market will continue to grow

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Renault sees the internal combustion engine continue to play a crucial role in its business over the next few years, according to a senior executive at the French car giant. On Tuesday it was announced that the Renault group and the Chinese firm Geely had signed a non-binding framework agreement to establish a company focused …

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