Mickey Mouse and Minnie Mouse balloons fly in front of Cinderella’s Castle at the Magic Kingdom Park in Walt Disney World in Orlando, Florida, on May 31, 2024.Gary Hershorn | Corbis News | Getty ImagesDisney will report its fiscal first-quarter earnings before the bell on Wednesday, and Wall Street will be paying close attention to the state of its streaming and theme parks businesses. Investors will also be listening for any details on the search for CEO Bob Iger’s successor.Here is what Wall Street expects Disney to report on Wednesday, according to analysts polled by LSEG:Earnings per share: $1.45Revenue: $24.62 billionGrowth…
Author: usaeverydaylife
FILE PHOTO: The logo of Toyota is pictured in Cuautitlan Izcalli, Mexico, January 30, 2025 Raquel Cunha | ReutersJapanese automaker Toyota Motor on Wednesday reported a second consecutive fall in quarterly profit, as it navigates competition in China and a market shift toward electric vehicles. Here are Toyota’s results compared with estimates from analysts, compiled by LSEG.Revenue: 12.39 trillion yen vs. 12.1 trillion yenOperating profit: 1.22 trillion yen vs. 1.39 trillion yenThe world’s largest automaker by sales volume saw a nearly 28% year-on-year drop in operating profit during the quarter ended December.The results mark Toyota’s second consecutive year over year decline in…
Singapore has passed a law designed to protect against foreign interference in its race-based clans and business associations, as the government looks to limit outsiders from undermining racial harmony in the multicultural city-state.Roslan Rahman | Afp | Getty ImagesSingapore has passed a law designed to protect against foreign interference in its race-based clans and business associations, as the government looks to limit outsiders from undermining racial harmony in the multicultural city-state.Under the Maintenance of Racial Harmony Bill, which was passed late on Tuesday, if an organization is designated as a race-based entity, they will have to disclose foreign and anonymous donations, foreign affiliations and their leadership.The government can also impose a restraining order to stop…
Pam Bondi, U.S. President-elect Donald Trump’s nominee to be attorney general, testifies at a Senate Judiciary Committee confirmation hearing on Capitol Hill in Washington, U.S., January 15, 2025. Elizabeth Frantz | ReutersThe Republican-led U.S. Senate confirmed Pam Bondi as the new U.S. attorney general on Tuesday, propelling one of President Donald Trump’s staunchest political allies to the top perch of American law enforcement.The 54-46 vote to confirm of the former Florida state attorney general will help Trump solidify his control over the U.S. Justice Department, which has recently seen sweeping cuts targeting prosecutors and FBI agents who investigated the Jan. 6, 2021, attack on the U.S. Capitol…
A day after President Nayib Bukele of El Salvador offered to imprison convicted criminals from the United States, including U.S. citizens, the question of whether such a plan could actually be accepted and implemented was still unanswered.Secretary of State Marco Rubio, who stopped in El Salvador while visiting Central America this week, said on Tuesday that the Trump administration would have to “study” the offer from Mr. Bukele to jail convicts from the United States, for a fee. “But it’s a very generous offer,” he said.Mr. Rubio himself said it was unclear if the United States could legally send convicts,…
The ‘Fast Money’ traders share their plays on Alphabet as shares of the tech giant sink after earnings. Source link
A United States Postal Service worker pushes a cart of packages in New York City, on Dec. 4, 2023.Brendan Mcdermid | ReutersThe U.S. Postal Service said Tuesday it’s temporarily suspending all inbound packages from China and Hong Kong Posts.The change is effective immediately and will remain “until further notice,” according to an alert posted to the agency’s website. Letters and large envelopes, referred to as “flats,” sent from China and Hong Kong won’t be impacted, the USPS said.The announcement comes after President Donald Trump on Saturday signed executive orders imposing tariffs on China, Mexico and Canada. Trump on Monday agreed…
Sundar Pichai, CEO of Alphabet Inc., during Stanford’s 2024 Business, Government, and Society forum in Stanford, California, April 3, 2024.Justin Sullivan | Getty ImagesGoogle has removed a pledge to abstain from using AI for potentially harmful applications, such as weapons and surveillance, according to the company’s updated “AI Principles.”A prior version of the company’s AI principles said the company would not pursue “weapons or other technologies whose principal purpose or implementation is to cause or directly facilitate injury to people,” and “technologies that gather or use information for surveillance violating internationally accepted norms.”Those objectives are no longer displayed on its…
Jaques Silva | Nurphoto | Getty ImagesShares of Honda and Nissan rose Wednesday after a local newspaper reported that the Japanese automakers were considering calling off their merger talks.The boards of both companies are meeting soon to table the termination of the merger, Asahi Shimbun reported, citing sources.Shares of Nissan rose as much as 7.4%, while Honda climbed as high as 4.2%.The talks were not going as expected by Honda, which had proposed making Nissan a subsidiary — an idea that the latter was opposed to, the report said.The higher stock prices reflect reduced near-term uncertainty for investors, said Karl…
Shares of Alphabet were under pressure in after-hours trading Tuesday, following the tech giant’s quarterly revenue miss and much higher-than-expected 2025 capital expenditure guidance. Revenue for the fourth quarter ended Dec. 31 climbed 12% year over year to $96.47 billion, short of the $96.56 billion consensus estimate compiled by LSEG. Adjusted earnings-per-share jumped 31% year over year to $2.15, exceeding expected EPS of $2.13. GOOGL 1Y mountain Alphabet 1 year Alphabet stock dropped roughly 7.5% to around $191 on the print. The magnitude of the decline, should it hold by Wednesday’s close, would nearly wipe out the Google parent’s 2025 gains.…
