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☆ Leaked memo reveals Disney's new finance structure as more layoffs loom, with a reported 15% of entertainment staffers to be cut
▼ + stars: | 2023-04-22 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +8 min

Disney's chief financial officer, Christine McCarthy, named a new finance team pulling together staff from both Disney Entertainment and ESPN. McCarthy shared the details with staff this week, naming Bryan Castellani as the new chief financial officer of Disney Entertainment and ESPN. Under Castellani, Lukas Wickart will continue to oversee finance for direct-to-consumer streaming business Disney+, ESPN+, Hulu, and Star. Karen Sack will oversee finance for our entertainment television businesses, including TV studios and ABC News finance, marketing, and networks planning. Jeff Grenn will oversee segment consolidation for Disney Entertainment, and finance in support of Aaron LaBerge's technology organization across Disney Entertainment and ESPN.

☆ The Capital One Entertainment platform allows cardholders to book theater and concert tickets, sporting events, and exclusive experiences with credit card rewards
▼ + stars: | 2023-04-19 | by ( Joseph Hostetler | Credit Cards Reporter | Read More | ) www.businessinsider.com time to read: +9 min

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). You can redeem Capital One rewards for cheap seats — and some events can only be redeemed with rewards. Capital One EntertainmentCapital One Venture X Rewards Credit Card Apply now lock icon An icon in the shape of lock. If you plan to redeem cash back for tickets that can otherwise be bought with cash, it's a much better idea to simply purchase your tickets outright and redeem cash back to offset your transaction later. Also, note that Capital One Savor Cash Rewards Credit Card† and Capital One SavorOne Cash Rewards Credit Card cardholders will earn 8% back through Capital One Entertainment.

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☆ Some travel is 'off the charts' expensive, experts say. Here are 3 ways to cut some costs
▼ + stars: | 2023-04-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +7 min

D3sign | Moment | Getty ImagesInternational travel costs have hit record highsThe Eiffel Tower and Seine River at sunrise in Paris. The so-called "revenge travel" dynamic has helped to push up prices, perhaps most acutely for travel abroad. These are record-high prices, Berg said. People should be prepared not just for a busy travel season, but an expensive travel season. Sally French travel expert at NerdWalletThis summer is expected to be the busiest on record for international travel, the U.S. State Department said in March.

Some of the very best Citi credit cards earn ThankYou Rewards, including the popular Citi Premier® Card and no-annual-fee options like the Citi® Double Cash Card, Citi Rewards+® Card , and Citi Custom Cash℠ Card. If you're thinking of applying for one of the best credit cards like the Citi Premier® Card, Citi Custom Cash℠ Card, or Citi® Double Cash Card, keep reading to learn more about how you can put your Citi credit card rewards to work for you. How to earn Citi ThankYou pointsThe easiest way to rack up Citi ThankYou points is with a Citi credit card, which you can easily apply for online. Show more Regular Annual Percentage Rate (APR) 18.74% - 28.74% Variable Intro Annual Percentage Rate (APR) 0% intro APR on balance transfers for 18 months Editor's Rating 3.65 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 3.65 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. There's one non-airline Citi ThankYou transfer partner available to all cardholders — you can transfer your Citi ThankYou points to Sears Shop Your Way points at a rate of 1:10.

☆ Stocks making the biggest moves midday: Costco, Bed Bath & Beyond, AMC, FedEx and more
▼ + stars: | 2023-04-06 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Costco — The wholesale retailer's shares dropped 2% after the company announced sales dipped 1.1% year over year in March. Bed Bath & Beyond — The stock tumbled 7% after the retailer proposed a stock split as it attempts to avoid bankruptcy. Analysts covering the stock welcomed the news, with Raymond James upgrading shares to outperform from market perform Thursday morning. Leslie's , Pool — Shares of pool company Leslie's popped 5.4%, while Pool gained 1%, after both names were upgraded by Loop Capital to buy from hold. Craig-Hallum downgraded the stock to hold from buy and Rosenblatt pulled its rating to neutral from buy following the guidance cut.

☆ Stocks making the biggest moves midday: General Motors, AMC, Virgin Orbit, Kinross Gold and more
▼ + stars: | 2023-04-04 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Virgin Orbit — Shares tanked more than 22% after the California-based satellite launch company filed for Chapter 11 bankruptcy protection. Virgin Orbit said it is looking to sell its assets and will lay off nearly all of its workforce. AMC's "APE" preferred shares gained 8.5% following the news. Etsy – Etsy shares gained 2.4% after Piper Sandler upgraded the e-commerce stock to overweight from neutral, saying that its marketplace strengths should help revamp active buyer growth. Gold miners — Shares of mining companies rallied as gold futures popped on Tuesday.

☆ Stocks making the biggest moves midday: Tesla, Marathon Oil, WWE, UnitedHealth and more
▼ + stars: | 2023-04-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

UnitedHealth — Shares of the health insurance giant gained about 4% after the Center for Medicare & Medicaid Services on Friday announced updated payment rates. The Wall Street firm said Marqueta is facing a "multitude of headwinds" without an ironed-out renewal deal with Block. Extra Space Storage , Life Storage — Shares of Extra Space Storage fell 5% after the company said it would acquire Life Storage in an all-stock transaction for $145.82 per share, an 11.2% premium to where Life Storage closed Friday. Shares of Life Storage shares rose 3%. Ovintiv – The oil and natural gas exploration and production company saw shares jump 10% after announcing it will acquire certain Midland Basin assets from EnCap Investments for about $4.3 billion.

☆ Stocks making the biggest moves premarket: Marathon Oil, Macy's, WWE and more
▼ + stars: | 2023-04-03 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

A road is closed after an oil leak at Marathon Galveston Bay Refinery on October 6, 2021 in Texas City, Texas. Energy stocks — Energy stocks rose broadly Monday after OPEC surprised the market by announcing a production cut. Marathon Oil rose more than 7%, while Halliburton , APA and Occidental Petroleum each gained more than 6%. Extra Space Storage , Life Storage — Extra Space Storage said it would acquire Life Storage in an all-stock transaction for $145.82 per share, an 11.2% premium to where the stock closed Friday. Extra Space shares dropped 4.9% following the announcement; Life Storage shares climbed about 1.7%.

☆ Margaritaville's cruise company just unveiled a $900 pass for nearly unlimited cruises through the end of the year
▼ + stars: | 2023-03-30 | by ( Brittany Chang | ) www.businessinsider.com time to read: +3 min

Margaritaville at Sea announced a $900 cruise pass that allows travelers to sail on the majority of its 2023 cruises. Margaritaville launched its cruise brand in 2022 with its Margaritaville at Sea Paradise vessel. The cruise line is currently operating nonstop two-night sailings from Florida's Port of Palm Beach to the Bahama's Freeport, Grand Bahama island. But if there's nowhere you'd rather be than on a Margaritaville cruise ship, you could potentially save hundreds of dollars with its newly announced cruise pass. Before its refresh, the ship was known as the Grand Classica, a 30-year-old flagship vessel owned by budget cruise company Bahamas Paradise Cruise Line.

Capital One Entertainment is a great way to steal expensive MLB tickets for as little as 5,000 Capital One miles. Capital One Entertainment reserves seats exclusively for cardholders —meaning you've got access to seats that most others do not. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Rewards Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Intro Offer Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

☆ Ron Howard and Brian Grazer's LinkedIn for Hollywood workers, which just raised $15 million, is disrupting how productions are staffed at Warner Bros, Paramount, and more
▼ + stars: | 2023-03-10 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Ron Howard and Brian Grazer's Impact, a LinkedIn-like platform for Hollywood, recently raised $15 million. Hiring below-the-line crew members has largely been an offline process based on personal networks, Impact CEO Tyler Mitchell said. "We would have to find where the productions are, and more than anything, get people, whether they're independent films or other productions, using our products," he said. "I don't think there's a scenario where people will be using Impact to source 100 percent of a crew. The company has a database of 1.3 million people, including 30,000 crew members who are active users.

☆ Stocks making the biggest moves midday: Lowe's, 3M, First Horizon, Nio and more
▼ + stars: | 2023-03-01 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Rivian also shared an electric vehicle production outlook that fell short of analysts' expectations. First Solar — Shares of First Solar gained 15% after the solar company issued full-year guidance on Tuesday that came out ahead of expectations on per-share earnings and revenue. First Solar reported a fourth-quarter loss of 7 cents per share compared with a 17 cent per-share loss expected by analysts surveyed by FactSet. The company's revenue was in line with analysts' expectations of $1 billion. Ambarella gave first-quarter guidance that missed analysts' expectations on Tuesday, according to FactSet.

☆ Stocks making the biggest moves premarket: Rivian, Kohl's, Novavax and more
▼ + stars: | 2023-03-01 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Revenue for the quarter came in at $663 million, falling well below analysts' estimates of $742 million, according to Refinitiv. Sarepta Therapeutics — The biotech stock soared by 17% after Morgan Stanley upgraded Sarepta shares to overweight from equal weight. Kohl's reported a loss of $2.49 per share on $5.78 billion of revenue. Analysts surveyed by Refinitiv had expected positive earnings of 98 cents per share on $5.99 billion of revenue. Monster reported $1.51 billion in revenue, falling short of analysts' expectations of $1.6 billion.

☆ Stocks making the biggest moves after hours: Palo Alto Networks, Coinbase, Toll Brothers and more
▼ + stars: | 2023-02-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021. Palo Alto Network's earnings guidance for its fiscal third quarter also came in above consensus expectations. Toll Brothers — The homebuilding stock added 2% in extended trading following a better-than-expected earnings report. The recreational vehicle retailer reported a loss of 20 cents a share for the fourth quarter, excluding items. Hostess Brands topped Wall Street's revenue and earnings expectations for the fourth quarter, according to FactSet.

☆ YouTube Made Emma Chamberlain a Star. Now She’s Leaving it Behind.
▼ + stars: | 2023-02-20 | by ( David Marchese | ) www.nytimes.com time to read: +16 min

Mamadi Doumbouya for The New York Times Talk YouTube Made Emma Chamberlain a Star. When it comes to YouTube videos or videos that are not podcasts, I don’t think I’ll ever be done with that. Has it become harder over time to move the cultural needle with a YouTube video? I don’t focus too heavily on the future for the reason you just explained: We don’t know what is next. I don’t know.

☆ K-pop stocks soar after agency behind BTS announced it would become its rival’s top shareholder
▼ + stars: | 2023-02-10 | by ( Jihye Lee | ) www.cnbc.com time to read: +1 min

South Korean girl group aespa at the 2022 KBS Song Festival at Jamsil Arena on Dec. 16, 2022, in Seoul, South Korea. The K-pop agency behind BTS is set to become the largest shareholder of SM Entertainment — the legacy company known to have kickstarted the wave of popularity around Korean pop culture. That would make Hybe a top shareholder in SM Entertainment. Shares of SM Entertainment soared on Friday, rising more than 16% at the open in Seoul. Hybe rose 6% and JYP Entertainment rose 2.5%, while YG Entertainment gained 3.8%.

☆ Amazon Studios is growing fast and spending big on shows like 'Citadel,' but insiders say unclear creative direction, leadership shifts, and tech bureaucracy threaten to drive away staff and talent
▼ + stars: | 2023-02-10 | by ( Lucia Moses | Elaine Low | ) www.businessinsider.com time to read: +20 min

The dust has been settling at Amazon Studios after a big reorg in the fall that solidified Jen Salke's power. Yet Amazon Studios faces major challenges. Amazon Studios' Head of Global Television Vernon Sanders told Insider that the goal is to deliver content with global cultural relevance. Amazon Prime VideoWhile spending on such big swings has soared, some insiders see far less budgetary support for underrepresented casts. "I do think people wonder what's the commitment to Amazon Studios," the current insider said.

☆ Newly returned Disney CEO Bob Iger is cutting 7,000 jobs and reorganizing the company
▼ + stars: | 2023-02-08 | by ( Travis Clark | ) www.businessinsider.com time to read: +3 min

Disney CEO Bob Iger announced layoffs on Wednesday. During the company's quarterly earnings call on Wednesday, Iger said the company would cut 7,000 jobs. ESPN will be led by James Pitaro, formerly chair of ESPN and Sports Content, and president of ESPN before that. will be led by James Pitaro, formerly chair of ESPN and Sports Content, and president of ESPN before that. Disney reported in its earnings report that Disney+ lost subscribers for the first time — over 2 million, all from India's Disney+ HotStar.

☆ Stocks making the biggest moves midday: Carvana, Colgate-Palmolive, Tesla and more
▼ + stars: | 2023-01-30 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Tesla — Shares dropped 2.8% after Berenberg lowered its earnings estimate for Tesla by around 25% for 2023 following the company's price cuts for its electric vehicles. Ford Motor Company — Shares fell nearly 1.4% after the company announced price cuts for its electric Mustang Mach-E crossover. The move in Ford comes after Tesla said earlier this month it would trim prices to counteract dwindling demand. AMC Entertainment — Common shares of the theater chain fell by more than 7% after AMC announced a shareholder meeting in March for a potential change to its capital structure. The preferred or "APE" shares, which trade at a large discount to the common shares, jumped by more than 16%.

☆ C-SPAN gave us ‘America’s Hottest TV Drama’ as McCarthy struggled to become House speaker. Lawmakers aren’t so sure that’s a good thing.
▼ + stars: | 2023-01-27 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

But she's also wary of the cost that could come with giving C-SPAN cameras free reign to film lawmakers on the House floor, particularly given the lightning-rod role she's come to occupy within American politics. GOP Rep. Matt Gaetz talks to Democratic Rep. Ilhan Omar in the House Chamber on January 5, 2023. Rep. Nancy Pelosi reading a New Yorker article about Kevin McCarthy on the House floor on January 4, 2023. "The original argument was, if you insert cameras, the behavior of the members changed," said Democratic Rep. Zoe Lofgren of California. But Lofgren said she was supportive of permanently allowing C-SPAN cameras into the chamber, arguing in essence that the cat's already out of the bag.

☆ The wildly popular MMORPG 'World of Warcraft' just lost a huge chunk of its players overnight
▼ + stars: | 2023-01-24 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Millions of Chinese gamers will no longer be able to play the wildly popular MMORPG "World Of Warcraft." Blizzard Entertainment — the company behind "World of Warcraft" and other popular online role-playing games — suspended its servers in China at midnight after a licensing agreement with NetEase Games, China's "World of Warcraft" distribution partner, expired. Released in 2004, "World of Warcraft" is a fantasy game in which players create an avatar that can fight monsters, complete quests, and engage with other players in the medieval Azeroth universe. Another "World of Warcraft" player said on Weibo that the game was 'my first love,' per CNN. The end of "World of Warcraft" in China — which arrived in the country in 2008 — is a result of a tense dispute between Blizzard and NetEase that occurred last November.

☆ Stocks making the biggest moves premarket: World Wrestling Entertainment, Bed Bath & Beyond, Tesla, Costco and more
▼ + stars: | 2023-01-06 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

World Wrestling Entertainment — Shares advanced 9.7% after Vince McMahon elected himself executive chairman of the company despite retiring last year due to a sexual misconduct scandal. Shares dropped 14% premarket, after posting a 42% loss Thursday. Meanwhile, Ulta lost 1.8% after getting downgraded to under weight from equal weight. Bath & Body Works shed 1.7% after the firm moved it to equal weight from overweight. Discover Financial , Synchrony Financial — The consumer finance stocks were under pressure after being downgraded by Barclays to equal weight from overweight.

☆ Stocks making the biggest moves midday: World Wrestling Entertainment, Bed Bath & Beyond, Costco and more
▼ + stars: | 2023-01-06 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

World Wrestling Entertainment — The wrestling entertainment stock surged 21% after WWE announced that founder Vince McMahon is returning to its board of directors and that the company is exploring strategic moves. R1 RCM — Shares of the healthcare technology firm soared more than 11% after the company raised its revenue outlook for 2023. Costco Wholesale — Shares of the big-box retailer jumped more than 6% after it reported solid sales numbers for December. First Solar — Shares of First Solar rose more than 4% after Wells Fargo upgraded it to overweight, saying Europe's energy crisis and the Inflation Reduction Act in the U.S. will boost demand for solar energy. Bed Bath & Beyond — Shares plunged 20% after the retailer warned it was running out of cash and was considering bankruptcy.

☆ How Netflix has changed the global entertainment industry
▼ + stars: | 2022-12-26 | by ( Ashley Rodriguez | Elaine Low | ) www.businessinsider.com time to read: +7 min

Since Netflix began its worldwide expansion in 2016, the streaming service has rewritten the playbook for global entertainment — from TV to film, and, more recently, video games. Still, Netflix's impact on the global TV industry is undeniable. More on Netflix's effect on global TV:The streamer's executive team was rebuilt with a global focusIn recent years, Netflix reoriented its leadership around its new global model. Peters also hired a new talent chief with international experience, former PepsiCo executive Sergio Ezama, to lead Netflix's global workforce. More on Netflix's corporate structure:Netflix has seen its first wide layoffs, though it continues to growThe corporate restructuring hasn't been without obstacles.

☆ Stocks making the biggest moves midday: AMC Entertainment, Tesla, Micron, Under Armour and more
▼ + stars: | 2022-12-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Tesla — Shares fell more than 9% during Thursday trading. Analysts expected earnings of 70 cents a share on $7.29 billion in revenue. Under Armour — Shares fell more than 4% Thursday. TuSimple — Shares dropped more than 12% after TuSimple said it would cut 25% of its workforce, which would affect about 350 employees at the self-driving truck startup. Airline stocks — A slew of airline stocks fell Thursday amid news of hundreds of flight cancellations as a massive winter storm hit the U.S. American and United slumped 5.5% and 4%, respectively.

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