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☆ CNBC Pro Talks: After the Fed cuts rates, one fund manager will reveal where to invest right now
▼ + stars: | 2024-09-24 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +3 min

After the U.S. Federal Reserve cut interest rates by a bumper 50 basis points , investors have been left wondering whether growth or value stocks are the best bet. On CNBC's upcoming Pro Talks , Silvia Amaro will ask value investor Sean Peche where he sees opportunities in the current market. Peche is portfolio manager at the U.K.-based Ranmore Fund Management and manages its $329 million Ranmore Global Equity Fund . As of Aug. 31, the Ranmore Global Equity Fund has returned 21.6% over the last year, underperforming its benchmark MSCI World Index's 24.4%. CNBC Pro subscribers can watch Pro Talks live on Wednesday, Sept. 25, at 7 a.m.

Persons: Silvia Amaro, Sean Peche, He'll, Warren Buffett, Eli Lilly, ager, CNBC's Silvia Amaro Organizations: U.S . Federal Reserve, Ranmore Fund Management, Global Equity Fund, Investors, Ranmore, Equity, Petrobras, Baidu, ABN Amro, Ranmore Global Equity Fund, Decillion Fund Management, Orbis Investment Advisory, CNBC, Beyond Locations: Carrefour, China, U.S, London

☆ How Disney created a PR nightmare with its response to a wrongful-death lawsuit
▼ + stars: | 2024-09-02 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +8 min

Read previewEarlier this month, Disney walked itself into a PR nightmare. Jeffrey J. Piccolo named the entertainment giant in a wrongful-death lawsuit in February after his wife, Kanokporn Tangsuan, died at a restaurant in Disney Springs in Florida. Disney backtracksOne X user called the Disney+ argument "very dystopian," while others encouraged people to cancel their subscriptions in retaliation. AdvertisementRepresentatives for Disney issued a statement about the wrongful-death lawsuit. Legal proceedings for the lawsuit are still ongoing, but Triana said Disney has the opportunity to mend its public image now through transparency.

Persons: —, Disney, Jeffrey J, Piccolo, Kanokporn Tangsuan, Tangsuan, Joe Burbank, David Triana, I'm, Triana, I've, Josh D'Amaro, we've, Natela, Shenon, it's, They're, they've Organizations: Service, Business, Hollywood, Disney, Pubs, Inc, Disney Springs, Walt Disney, Media, Associated Press, Orlando Sentinel, Tribune, Getty, Axia Public Relations, Washington Post Locations: Disney Springs, Florida, New York, Pubs Florida, Raglan, California

☆ Defense stocks in an ESG portfolio? A profound — and controversial — shift seems to be underway
▼ + stars: | 2024-09-02 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Jessica Gow | Afp | Getty ImagesRussia's ongoing war in Ukraine has resulted in a profound shift in the way defense stocks are viewed by mission-driven fund managers, according to two European defense giants. Defense stocks have typically been excluded from portfolios based on environmental, social and governance (ESG) factors due to ethical concerns over their association with warfare. Nonetheless, the inclusion of defense stocks in sustainably-minded portfolios remains controversial. It's really important that we see the role that defense companies play in protecting a free society. It's really important that we see the role that defense companies play in protecting a free society," he said.

Persons: Micael Johansson, Jessica Gow, Johansson, CNBC's Silvia Amaro, It's, Brad Greve, BAE Systems Johansson, hasn't, Ida Kassa Johannesen, Johannesen, Justin Tallis, Saab's Johansson, ESG, John Keeble, Greve Organizations: Saab, Afp, Getty, BAE Systems, Ukraine —, Saxo Bank, CNBC, Democratic, U.S, Republican, Democrats, Malloy Aeronautics, British Aerospace BAE Systems, Farnborough, Exhibition, Conference Centre Locations: Stockholm, Ukraine, Africa, Democratic Republic, Congo, Palestine, London, Farnborough, England

For Disney fans, this summer has been a roller coaster of emotions. The evolution of reactions has largely taken place inside the thriving online community of adult Disney fans, including Disney influencers, journalists and content creators, whom the company has increasingly marketed to as repeat visitors. The new planned attractions at Disney parks around the world were presented with great fanfare. “I feel like I can allow myself to get excited and feel optimistic about the future of the Disney Parks again,” Gustin posted the next day. Magic Kingdom: 1/3 Destroyed,” posted one Disney content creator and former Disney employee.

Persons: ”, Tom Sawyer, Walt, Disney influencers, Scott Gustin, ” Gustin, Gustin, John Stamos, Darren Criss, Ke Huy Quan, Meghan Trainor, Josh D’Amaro, “, Tom Sawyer ”, Mark Twain, Tom Bricker, “ It’s, Jenny Nicholson, America ”, Encanto, Indiana Jones, hasn’t, Deshawn Warr, they’ve, ” Warr Organizations: Disney, Inc, Hollywood Studios, Nexstar, Disney Parks, Magic, “ Pirates Locations: Florida, Rivers, America, Magic Kingdom, Magic, North Carolina, “ Rivers, Animal, Orlando, Caribbean

☆ Fertility-related stocks are becoming more attractive, Barclays says
▼ + stars: | 2024-08-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFertility-related stocks are becoming more attractive, Barclays saysCNBC's Silvia Amaro takes a look at why investors are growing more interested in fertility-related stocks.

Persons: CNBC's Silvia Amaro Organizations: Barclays

☆ Growing interest in defense stocks is here to stay, managers say
▼ + stars: | 2024-08-22 | by ( Silvia Amaro | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGrowing interest in defense stocks is here to stay, managers sayCNBC's Silvia Amaro looks at the rise in European defense stocks and whether their stellar performance is likely to continue.

Persons: CNBC's Silvia Amaro

☆ Disney told a man he couldn't take it to court over his wife's death at one of its parks because he once had a Disney+ trial. Now it's backing down.
▼ + stars: | 2024-08-20 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Kanokporn Tangsuan, a 42-year-old doctor in New York, died in October 2023 from anaphylaxis after eating at a restaurant at Disney Springs at Walt Disney World in Orlando, according to the lawsuit. Walt Disney World's Disney Springs is home to a number of shops, restaurants, and attractions. This includes "any related disputes involving The Walt Disney Company, its subsidiaries, or its affiliates," the terms say. Piccolo agreed to the terms again when he logged into his Disney account to book tickets for Walt Disney World's Epcot park, Disney said. "Whether Piccolo actually reviewed the Disney Terms is also immaterial," the company's lawyers wrote.

Persons: —, Disney, Kanokporn, Walt Disney, Jeffrey Greenberg, Jeffrey Piccolo, Piccolo, Walt, Kanokporn Tangsuan, Josh D'Amaro, we've Organizations: Service, Disney, Disney Springs, Walt Disney, Business, Getty, Irish Pubs, Walt Disney Company, CNN Locations: Florida, New York, Orlando, Raglan, Irish Pubs Florida, Kanokporn

☆ Disney has a price problem. It has ambitious plans to fix that
▼ + stars: | 2024-08-16 | by ( Natasha Chen | ) edition.cnn.com time to read: +11 min

“With 2025 also being the opening of Universal’s Epic Universe, there will likely also be negative impacts on Walt Disney World attendance. Still, the price of Disney tickets today compared to past years prices out some families. The grievance from the fan community is that this used to be free at Disney parks. Transportation from the Orlando airport to Disney World property also used to be included for Disney hotel guests, but that service has been discontinued. Munsil said the Disney parks are “expensive, yes, but there’s nothing else on Earth like them.”

Persons: CNN —, Raymond James, Hugh Johnston, Josh D’Amaro, ” D’Amaro, D’Amaro, ”, “, Gary Hershorn, Tom Bricker, ” Bricker, Bricker, Don Munsil, Munsil, Mindy Marzec, ” Munsil, Victoria Wade, ” Wade, Wade Organizations: CNN, CNN — Disney, Disney, Walt Disney Parks and Resorts, Pixar, Corbis, “, Walt Disney, Walt Disney World, “ Star, Busch, Transportation, Food, Disney Food, Magic, Universal Studios, Magic Kingdom Locations: Orlando, Anaheim , California, Wakanda, California, Florida

☆ UBS CEO says it's too early to talk about a U.S. recession, but a slowdown is possible
▼ + stars: | 2024-08-14 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

ZURICH, Switzerland ꟷ UBS CEO Sergio Ermotti said Wednesday that market volatility could intensify in the second half of the year, but he does not believe the U.S. is heading into a recession. Global equities saw sharp sell-offs last week as investors digested weak economic data out of the U.S. which raised fears about an economic downturn in the world's largest economy. It also raised questions about whether the Federal Reserve needed to be less hawkish with its monetary policy stance. When asked about the outlook for the U.S. economy, Ermotti said: "Not necessarily a recession, but definitely a slowdown is possible." "The macroeconomic indicators are not clear enough to talk about recessions, and actually, it's probably premature.

Persons: Sergio Ermotti, Ermotti, it's Organizations: UBS, Federal Reserve, CNBC Locations: ZURICH, Switzerland, U.S

☆ Fly like Iron Man. Join a battle in Wakanda. Here are the major theme park projects Disney has announced
▼ + stars: | 2024-08-11 | by ( Natasha Chen | ) edition.cnn.com time to read: +11 min

Artist concept for an attraction at a new “Cars”-themed area coming to Frontierland at Disney’s Magic Kingdom. To mark the occasion, the company will create the first-ever audio-animatronic version of Walt Disney, with a level of complexity of technology that has yet to be seen in a Disney park. Across the esplanade at Disney California Adventure park, Avenger’s Campus will more than double in size, with construction beginning in 2025. Artist concept of Disney’s first theme park ride based on “Coco,” which breaks ground in 2026. In Paris, Disney’s first-ever theme park attraction based on “The Lion King” will be built at the renamed Disney Adventure World park.

Persons: Walt Disney, Josh D’Amaro, Shaboozey, Billy Crystal, Mike Wazowski, Madrigal, Antonio, Indiana Jones, Indiana Jones ”, Disney’s Encanto, Disney Oscar, Ke Huy Quan, “ Indiana Jones, ”, D’Amaro, “ We’re, Lincoln ”, ” D’Amaro, “, Disney’s, King Thanos, “ Coco, What’s, King ”, Simba, Epic Games Disney, Doom, Megan Thomas Organizations: CA CNN, Disney, Honda Center, CNN, Walt Disney Parks and Resorts, Walt Disney, Magic, Disney Magic, Walt Disney World, Hollywood Studios, Inc, Monsters Inc, Tokyo Disney, Pueblo Esperanza, Indiana Jones, EPCOT, Disneyland, Opera House, Infinity Defense, Stark, Pandora, Disney Cruise, Disney Destiny, Disney Parks Shanghai, Hong Kong Disney, Marvel, Epic Games, Epic, Star Locations: Anaheim, CA, Anaheim , California, Florida, California, Star, Tokyo, Disney’s, “, Pueblo Esperanza, Disney, Imagineering, New York City, Disney California, Hong Kong, Shanghai, Tomorrowland, Paris, Fortnite, livestream

☆ Disney World is entering its villain era
▼ + stars: | 2024-08-11 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +6 min

Read previewDisney Experiences Chairman Josh D'Amaro unveiled ambitious plans for Walt Disney World, including new attractions and in-park destinations. Advertisement"As we develop the next generation of Disney Experiences, we're always looking for new ways to tell the stories people love," D'Amaro said. Representatives for Walt Disney World did not immediately respond to a request for comment from Business Insider. Disney beyond FloridaD'Amaro also shared details about how other Disney theme parks would expand. AdvertisementAlthough Disney is investing heavily in its domestic theme parks, it also plans to expand Disneyland Paris and Shanghai Disneyland.

Persons: —, Josh D'Amaro, D'Amaro, Araya Doheny, Disney, who've, we're, Joe Burbank, Indiana Jones, Hugh Johnston, Ron DeSantis, Disney hadn't, Florida D'Amaro, James Cameron's Organizations: Service, Walt Disney, Disney, Lucasfilm, Marvel Studios, Business, Walt Disney World, Central Florida . Magic, Magic Kingdom, Orlando Sentinel, Tribune, Getty Images, Pueblo Esperanza, Hollywood Studios, Pixar, Inc, The Central, Florida Gov, Marvel, Disney California, Shanghai Disneyland Locations: Anaheim , California, Central Florida, Florida, Animal Kingdom, Pueblo, Disney, The Central Florida, California, Paris, Shanghai

☆ From villains to Indiana Jones: Everything we learned at Disney’s parks panel at the 2024 D23 Expo
▼ + stars: | 2024-08-10 | by ( Sarah Whitten | ) www.cnbc.com time to read: +8 min

Disney's classic baddies are getting their own theme park land at the Magic Kingdom in Orlando, Florida. This area will differ from the one at Disney California Adventure, D'Amaro told the audience, and will take place in the wilderness. As part of the Tropical America's land Disney is creating Pueblo Esperanza, which means village of hope. DisneylandThe world of "Avatar" will make its way to Disney's California Adventure, D'Amaro shared Saturday. The Walt Disney World Resort version of the ride opened in June.

Persons: Walt Disney, Mickey Mouse, Gary Hershorn, Disney, Josh D'Amaro, Parks, Rita Ora, D'Amaro, Shaboozey, Billy Crystal, Mike Wazowski, Crystal, Indiana Jones, Huy Quan, Josh, Quan, Madrigal, Antonio, Ash, Ali Rubinstein, Walt Disney Imagineering, Miguel, Deadpool, King Thanos, King, Scott Trowbridge Organizations: Magic, Walt Disney World, Corbis, Big, Honda Center, Disney, Walt Disney, Disney California, Hollywood Studios, Inc, Pirates, Defense, Stark, Disneyland, Walt Disney Imagineering, Marvel . Disney Cruises, Disney Cruise Locations: Orlando , Florida, Anaheim , California, California, Florida, Indiana, Orlando, Pueblo Esperanza, New York City, Disneyland Paris, Pride, Shanghai, Hong, Tokyo

☆ What to watch at Olympics today: Swimming’s best rivalry, beach volleyball with a view
▼ + stars: | 2024-07-27 | by ( Alex Andrejev | ) www.nytimes.com time to read: +6 min

He and the relay team will look to defend their gold medal from Tokyo, but could be unseated by challengers Australia or China. GO DEEPER A massive race to start the Olympics: Get ready for the women's 400-meter freestyleWembanyama’s Olympic debutTime: 11:15 a.m. GO DEEPER Men's basketball at the 2024 Paris Olympics: NBA player list, how to watch and moreBeach volleyball at the Eiffel TowerBeach volleyball gets prime placement in Paris, right next to an icon. GO DEEPER Beach volleyball at the 2024 Paris Olympics: U.S. teams, schedule and how to watchMen’s rugby sevens finalTime: 1:45 p.m. ET (7 p.m. local) with the gold medal match starting at 1:45 p.m.

Persons: Victor Wembanyama, it’ll, Peacock, Katie Ledecky, —, Australia’s Ariarne, Summer McIntosh, Titmus, Ledecky, Caeleb Dressel, Simone Manuel —, LeBron James, Rudy Gobert, Shai Gilgeous, Alexander, Giannis Antetokounmpo, Michael Reaves, Andy Benesh, Miles Partain, Cuba’s Jorge Luis Alayo Moliner, Noslen Díaz Amaro, Sweden’s David Åhman, Jonatan Hellvig, Carracher, Mark Nicolaidis, Taryn Kloth, Kristen Nuss, Canada’s Heather Bansley, Sophie Bukovec, mpics & Organizations: NBC, Tokyo Games, Australia, Olympic, American, CNBC, Telemundo, Peacock, Basketball, Paris Games, Brazil, NBA, Eiffel, U.S, men’s rugby, Fiji, Ireland, USA Locations: Paris, U.S, Tokyo, China, Great Britain, Italy, Australia, France, It's, Canada, Brazil, Spain, Germany, Japan, Greece, Fiji, United States, South Africa

☆ UniCredit CEO: EU General Court ruling on Russia exit will be a 'win-win' either way
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUniCredit CEO: EU General Court ruling on Russia exit will be a 'win-win' either wayAndrea Orcel, CEO of UniCredit, speaks to CNBC's Silvia Amaro after the bank's second-quarter earnings release.

Persons: Andrea Orcel, CNBC's Silvia Amaro Organizations: EU, UniCredit Locations: Russia

☆ European officials get excited about Kamala Harris — but are still hedging their bets
▼ + stars: | 2024-07-23 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

There's a renewed sense of excitement among European officials as U.S. Vice President Kamala Harris becomes the frontrunner for the Democratic nomination ahead of the all-important election this fall. They also dismissed 78-year-old former President Donald Trump, adding that "the U.S. needs younger leaders." As a result, EU institutions welcomed the arrival of Biden to the White House, describing it as a new chapter in the EU-U.S. relationship. However, for at least a year now, EU officials have been preparing for the possibility of a return of Trump to the White House. If he wins the election, they're expecting a deeper "America First" policy, which will likely mean less financial support to Ukraine and possibly tariffs on some European goods.

Persons: There's, Kamala Harris, Joe, Biden, Donald Trump, Trump, they're Organizations: Democratic, CNBC, EU, White Locations: U.S, EU, United States, Brussels, Ukraine

☆ ECB holds interest rates: CNBC's Silvia Amaro reviews the decision
▼ + stars: | 2024-07-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailECB holds interest rates: CNBC's Silvia Amaro reviews the decisionCNBC's Silvia's Amaro reacts to the European Central Bank's latest decision to hold interest rates at 3.75%.

Persons: CNBC's Silvia Amaro, CNBC's Silvia's Amaro Organizations: ECB, Central

☆ 'Optics for the EU are not great,' says analyst on Hungarian PM Viktor Orban's Moscow visit
▼ + stars: | 2024-07-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Optics for the EU are not great,' says analyst on Hungarian PM Viktor Orban's Moscow visitBota Iliyas, analyst at Control Risks, joins CNBC's Silvia Amaro to discuss the ongoing fallout from Hungarian Prime Minister Viktor Orban's trip to Moscow, which sparked criticism from EU leaders.

Persons: Viktor Orban's Moscow, Bota Iliyas, CNBC's Silvia Amaro, Viktor Orban's Organizations: Control Locations: Hungarian, Moscow

☆ France’s left-wing coalition thwarts far right in parliamentary run-off vote
▼ + stars: | 2024-07-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrance’s left-wing coalition thwarts far right in parliamentary run-off voteFrench risk assets are being closely watched after a major upset for the far-right in Sunday's vote. CNBC's Dan Murphy and Silvia Amaro discuss.

Persons: France’s, CNBC's Dan Murphy, Silvia Amaro

☆ Media, tech titans head for Sun Valley with streaming alliances top of mind
▼ + stars: | 2024-07-08 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +8 min

In past years, media companies chased high subscriber numbers in an attempt to best each other. Nathaniel S. Butler | National Basketball Association | Getty ImagesWith the NBA's media rights negotiations still ongoing, sports will remain a topic of conversation at this year's gathering. League commissioners, especially the NFL's Roger Goodell, are often attendees of the Sun Valley conference. Discovery has been weighing whether to match a competing offer for the media rights as the league looks to finalize smaller package deals. Sports remain the glue holding the traditional pay-TV bundle together, and has proven invaluable for streaming services, too.

Persons: Drew Angerer, Discovery's David Zaslav, Bob Iger, Dana Walden, Alan Bergman, Josh D'Amaro, Hugh Johnston, Ted Sarandos, Greg Peters, Andy Jassy, Jeff Bezos, Tim Cook, it's, Shari Redstone, Neil Begley, Redstone, David A, Barry Diller —, Paramount —, Jeff Shell, Max, Jonathan Miller, Begley, Sun, Mark Boidman, Dwyane Wade, Nathaniel S, Butler, Roger Goodell, Miller, Donald Trump, Joe Biden, Andrew Harnik Organizations: Getty Images Media, titans, Allen, Co, Warner Bros, Netflix, Apple, Amusements, Paramount Global, Paramount, Moody's Investors Services, Co . Media, Technology Conference, Grogan, CNBC, Media, Shell, Disney, Hulu, ESPN, Fox Corp, Integrated Media, Hollywood, Solomon Partners, Sports, NBA, National Basketball Association, Getty, League, Sun, NFL, YouTube, Amazon Locations: Sun Valley , Idaho, Sun, Idaho, Atlanta

☆ Stocks, property, bonds, the pound: Here’s what a new Labour government means for investing in the UK
▼ + stars: | 2024-07-05 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +7 min

The Labour party's pledge, for example, to increase taxes on the compensation that private equity fund managers received raised a few eyebrows, and led to questions on what this could mean more broadly. In a note Friday, analysts at Jefferies said, despite concerns raised by a strong showing for the right-wing Reform UK Party, the Labour Party's U.K. election win would help make the U.K. appear "relatively stable." "A widely predicted Labour win in the UK could usher in an era of greater stability for the UK … which should help bolster investor sentiment towards the UK," she said. "U.K. bank stocks in the end are one of the biggest proxies for U.K. economic growth," he said. If results are as expected, attention will shift away from the U.K. election quickly, Shreyas Gopal, strategist, and Sanjay Raja, senior economist at Deutsche Bank, said in a note published Wednesday.

Persons: Vuk Valcic, hasn't, Jefferies, James McManus, Susannah Streeter, Hargreaves Lansdown, McManus, Liz Truss, Streeter, Richard Donnell, Nutmeg's McManus, CNBC's Silvia Amaro Friday, Mark Fielding, Fielding, Shreyas Gopal, Sanjay Raja, BoE, Francesco Pesole, Pesole Organizations: City of, Labour Party, Conservatives, U.S ., Labour, CNBC, Stock, Reform UK Party, Hargreaves, Deutsche Bank, ING, Bank of England, ECB Locations: Bishopsgate, City, City of London, London, France

☆ Nestlé reveals new food line for those on weight-loss medication
▼ + stars: | 2024-07-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNestlé reveals new food line for those on weight-loss medicationNestlé's CEO, Mark Schneider, tells CNBC's Silvia Amaro that the group's new line of meals intended for those on GLP-1 medication is a companion range, insisting Nestlé is "not the drug manufacturer."

Persons: Mark Schneider, CNBC's Silvia Amaro, Nestlé

European Commission President and EPP lead candidate standing for re-election, Ursula von der Leyen greets delegates before giving a speech at the congress of Germany's conservative Christian Democratic Union (CDU) party at the Estrel Berlin Hotel in Berlin, on May 8, 2024. The European Union's three main political groups have come to an agreement on who will hold the bloc's top jobs, three officials told CNBC, leading to disgruntlement from some lawmakers in the continent. European Commission President Ursula von der Leyen is set to remain in her post for a second five-year term under a deal struck Tuesday by EU leaders from the center-right European People's Party (EPP), the Socialists and the Liberals, the sources told CNBC. The commission president is in charge of the EU executive arm and holds responsibility over regulating the world's single market, proposing new legislation, and directing the bloc's policy agenda over the next five years. "There's an understanding between the three main parties," one of the three EU officials told CNBC.

Persons: Ursula von der Leyen, Kaja Kallas, Antonio Costa Organizations: EPP, Christian Democratic Union, CDU, CNBC, European, EU, European People's Party, Socialists, Liberals, Estonian, European Council Locations: Berlin, Portuguese

☆ Disney sued by 2 workers after it asked them to relocate from California to Florida to work at a $1 billion campus, which it later canceled
▼ + stars: | 2024-06-21 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Read previewTwo Disney workers have sued the company after it asked them to relocate from California and be based at a new Florida campus — which it later canceled. Last May, Disney scrapped plans to build the nearly $1 billion campus in Lake Nona, Orlando. AdvertisementIn June 2022, Disney told workers that the deadline to relocate to Florida had been pushed back to 2026 because the project's completion had been delayed, the lawsuit said. But then, in May 2023, Disney told employees that the Lake Nona project was canceled. It claims that Disney made untrue statements about the Lake Nona campus to workers to induce workers to relocate.

Persons: —, Bob Iger, Florida Sen, Ron DeSantis, Josh D'Amaro, Maria De La, George Fong, Disney, De La Cruz, Fong, Nona Organizations: Service, Disney, Florida, Business, Los Angeles Superior Court, Lake Nona, Disney's Locations: California, Florida, Lake Nona, Orlando, Glendale , Southern California, Maria De La Cruz, Lake, De, Disney's Kissimmee, Disney's California, Los Angeles

☆ We believe markets will still have faith in the European project, says Portugal finance minister
▼ + stars: | 2024-06-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe believe markets will still have faith in the European project, says Portugal finance ministerPortuguese Finance Minister Joaquim Miranda Sarmento joins CNBC's Silvia Amaro on "Street Signs Europe" ahead of the ECOFIN meeting in Luxembourg.

Persons: Joaquim Miranda Sarmento, CNBC's Silvia Amaro Organizations: Portuguese Locations: Portugal, Luxembourg

☆ Apple has 'very serious' issues under sweeping EU digital rules, competition chief says
▼ + stars: | 2024-06-18 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Apple has a number of "very serious" issues under the European Union's sweeping rules aimed at reining in Big Tech, the bloc's competition chief Margrethe Vestager told CNBC on Tuesday, following reports that regulators are preparing charges against the iPhone maker. In March, the European Commission, the EU's executive arm, opened a probe into Apple, Alphabet and Meta, under the sweeping Digital Markets Act (DMA) tech legislation that became applicable this year. "We have a number of Apple issues, I find them very serious. I was very surprised that we would have such suspicions of Apple being non-compliant," Vestager told CNBC's Silvia Amaro. Apple did not immediately respond to a CNBC request for comment.

Persons: Margrethe Vestager, Vestager, CNBC's Silvia Amaro, Apple Organizations: Apple, CNBC, European Commission, Markets Locations: Big Tech

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