DIRS.INFO The most relevant business & tech news

☆ Wall Street cuts Disney targets on earnings miss but sees the company as a long-term winner
▼ + stars: | 2022-11-09 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

While a slew of analysts lowered their price targets and future expectations for Disney earnings, many remained bullish on the company, insisting that it's poised to be a winner in the future of streaming. " The firm kept its buy rating on shares but lowered its price target to $122 from $135. Shares of Disney have shed about 35% year to date. Until the division reaches profitability, there could be more pain for investors up to the turning point for the company. Barclays, which has a neutral rating on shares of Disney, sees shares falling further.

Nov 8 (Reuters) - Walt Disney Co (DIS.N) said on Tuesday its marquee streaming service, Disney+, gained more subscribers than Wall Street had expected, but investment costs dragged quarterly earnings below analysts' targets. Disney is spending billions to build its streaming options and compete with Netflix Inc (NFLX.O) and others. Disney+ reported 164.2 million subscribers in the fiscal fourth quarter, surpassing Factset estimates of 161 million. Disney has amassed 235 million subscriptions across Disney+, Hulu and ESPN+ streaming services, a gain of 14.6 million from the previous quarter. For the fiscal year, Disney reported per-share earnings of $3.53, excluding certain items, on revenues of $82.7 billion.

☆ Disney’s Earnings Report to Give Insight on Disney+’s Push to Profitability
▼ + stars: | 2022-11-08 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

Disney’s theme parks division has raised prices but also introduced new technology to reduce crowd sizes and coax guests to return. When Walt Disney Co. reports its fourth-quarter earnings Tuesday afternoon, investors will be looking to see if the streaming business is making progress toward profitability and how well the entertainment giant’s theme parks did this summer. Disney beat expectations when it announced third-quarter results in August, reporting a 26% surge in revenue. That quarter included record results from the theme parks division, which has raised prices but also introduced new technology to reduce crowd sizes and coax guests to return following the worst of the coronavirus pandemic.

☆ Disney’s Earnings Hurt by Costs at Disney+
▼ + stars: | 2022-11-08 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

Disney’s theme parks division has raised prices but also introduced new technology to reduce crowd sizes and coax guests to return. Walt Disney Co. reported weaker-than-expected fourth-quarter earnings Tuesday as losses continued to widen in the streaming business, offsetting the strong performance of the company’s theme parks. In the three months ended Oct. 1, the company’s flagship streaming service Disney+ added 12.1 million net new accounts, bringing its global total to 164.2 million subscribers. Analysts were expecting 8.86 million additions, according to FactSet.

☆ Judge Issues Second Ruling Blocking Parts of New York’s New Gun Law
▼ + stars: | 2022-11-08 | by ( Jimmy Vielkind | ) www.wsj.com time to read: 1 min

The law came with a list of locations where possession of a firearm is a felony regardless of permit status, including New York City’s Times Square. A federal judge issued a second ruling against New York’s new gun-control law and blocked its prohibitions on carrying concealed firearms in parks, bars and houses of worship. U.S. District Judge Glenn T. Suddaby in Syracuse said in a 184-page ruling that many aspects of New York’s law placed an unconstitutional burden on gun rights protected by the Second Amendment. He issued a preliminary injunction that barred the state from enforcing an array of restrictions and rules, including ones that required gun-permit applicants to demonstrate good moral character and provide information about their family members and social-media accounts.

☆ Disney will solve its Netflix problem
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Nov 8 (Reuters Breakingviews) - Walt Disney (DIS.N) boss Bob Chapek is knee-deep in the video-streaming money pit. New subscribers keep signing up, too: Disney+ counts 164 million, a 39% jump from 12 months earlier. With investors now prioritizing costs over growth, however, Disney shares fell 10% in after-hours trading. Netflix generated $5 billion of operating profit over the first nine months of 2022. If the Netflix enterprise commands 18 times expected EBITDA, per Refinitiv data, Disney will find enough fairy dust to warrant a multiple higher than 12 times.

☆ Disney is about to report quarterly earnings. Here's what to expect
▼ + stars: | 2022-11-08 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

View of the Walt Disney statue in front of Cinderella Castle inside the Magic Kingdom Park at Walt Disney World Resort in Lake Buena Vista, Florida. All eyes will be on Disney 's streaming numbers when the company reports its fiscal fourth-quarter earnings after the bell Tuesday. While Netflix expects subscriber growth to rebound, uncertainty has left analysts and investors wondering what the future holds for the broader industry. Analysts are anticipating Disney+ subscriber adds of roughly 8 million for the period between July and September, bringing the total number of users to more than 160 million, according to StreetAccount estimates. There's also concern that a looming recession could impact Disney's other business ventures like its parks and studio businesses.

☆ 3 takeaways from our daily meeting: Oil in focus, Club names in the news, Disney earnings
▼ + stars: | 2022-11-08 | by ( Krystal Hur | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Oil in focus Quick mentions: TJX, NVDA, EL DIS earnings 1. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ We're fed up after Disney's terrible quarter and streaming losses. It's time for some big changes
▼ + stars: | 2022-11-08 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Operating income fell 91% to $83 million mostly due to higher than expected losses from the Direct-to-Consumer business. In better news, Disney ended Q4 with 164.2 million Disney+ subscribers, up 12.1 million from the prior quarter and well above estimates of about 160.45 million. Bundling has a negative effect on ARPUs, and Disney said Tuesday evening that bundled and multiproduct offerings now make up over 40% of domestic Disney+ subscribers. In terms of subscribers, Disney sees core Disney+ subscribers slightly increasing in its first quarter, though Disney+ Hotstar is expected to lose subs due to the absence of the Indian Premier League Cricket rights. After checking consensus estimates, this is a terrible miss compared to expectations of sales growing by 11% and operating income increasing by 17%.

☆ High rates and inflation are here to stay, says PwC's real estate practice leader. Here's what it means for major metro areas, and why cities will need to be completely reimagined in the next great ho
▼ + stars: | 2022-11-07 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +4 min

High inflation and interest rates are here to stay in 2023, said PwC's Byron Carlock. To the dismay of real estate investors everywhere, Byron Carlock says that higher interest rates are here to stay for 2023. And while housing input prices and the costs of raw materials have begun to moderate, he doesn't believe that these can completely offset the ongoing increase in interest rates. But there's also a few obstacles in the way of reimagining entire cities, Carlock. "Cities are going to have to step up their game with respect to zoning and entitlement processes," he added.

☆ The National Park Service warns visitors not to lick Sonoran Desert toads, whose psychoactive poison has been smoked by celebrities like Joe Rogan and Chelsea Handler
▼ + stars: | 2022-11-07 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

The National Park Service told visitors not to lick toads or anything else they find in the parks. The Sonoran Desert toad, also known as the Colorado River toad, can grow to nearly 7 inches and is one of the largest toads in North America. The practice is dangerous and can make humans and animals sick, as the Sonoran Desert toads release toxins through glands in their skin as a powerful defense mechanism. The relevant psychoactive substance, 5-MeO-DMT, is illegal in the US and designated a Schedule 1 substance, but that hasn't stopped it from accruing fans. Some are concerned that the growing embrace of psychedelics and 5-MeO-DMT could threaten the existence of the Sonoran Desert toad due to illegal poaching and overharvesting, the Times reported.

NEW YORK, Nov 7 (Reuters) - A federal judge in New York temporarily suspended many parts of the state's new gun restrictions on Monday to allow members of a gun-owners' rights group to continue their lawsuit challenging the new law as unconstitutional. Judge Glenn Suddaby of the U.S. District Court in Syracuse agreed to issue the order at the request of six New York residents who are members of Gun Owners of America, which competes with the National Rifle Association in political influence. In his order, he said New York officials could not compel people applying for a gun license to disclose a list of everyone they live with or the handles of their social media accounts, major provisions of the Concealed Carry Improvement Act which took effect on Sept. 1. He also sharply pared back New York's new list of "sensitive places" where it is a new felony crime to possess a gun even with a license, writing that the state could not ban guns in theaters, bars, parks, airports and other public places. Reporting by Jonathan Allen; Editing by Leslie Adler and Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

☆ Earnings playbook: How to trade results from Disney and 3 electric car makers
▼ + stars: | 2022-11-06 | by ( Fred Imbert | ) www.cnbc.com time to read: +9 min

Monday Palantir Technologies is set to report earnings before the bell, followed by a conference call at 8 a.m. Tuesday Disney is set to report earnings after the bell, followed by a conference call at 4:30 p.m. Lucid is set to report earnings after the close, with a management call set for 5:30 p.m. Rivian is set to report earnings after the close, with management holding a call at 5 p.m. Beyond Meat is set to report earnings after the bell, followed by a conference call at 5 pm.

☆ Stocks week ahead: How the midterms could affect Wall Street
▼ + stars: | 2022-11-06 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

Investors are more than happy when politicians bicker but don’t actually enact any new laws that may hurt corporate profits. If Republicans get the House, tax hikes are dead in the water,” said David Wagner, a portfolio manager with Aptus Capital Advisors. That’s because there are some areas of consensus for the White House and Republican lawmakers. Congress and the White House may spend more time bickering than trying to pass legislation. Ameriprise chief market strategist Anthony Saglimbene said on a conference call last week about the midterms that stocks have historically gone up after elections, no matter which party controls the White House and Congress.

☆ North Korea slams South Korea-U.S. drills, vows 'merciless' moves
▼ + stars: | 2022-11-06 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

[1/5] Recent North Korean missile tests are pictured in this undated combination photo taken at undisclosed locations and released on November 7, 2022 by North Korea's Korean Central News Agency (KCNA). Last week, North Korea test-fired multiple missiles including a possible failed intercontinental ballistic missile (ICBM) and hundreds of artillery shells into the sea, as South Korea and the United States carried out six-day air drills until Saturday. The North's military said the "Vigilant Storm" exercises were an "open provocation aimed at intentionally escalating the tension" and "a dangerous war drill of very high aggressive nature." The General Staff of the North's Korean People's Army (KPA) accused Seoul and Washington of eliciting a "more unstable confrontation," and vowed to counter their drills with "sustained, resolute and overwhelming practical military measures." Reporting by Hyonhee Shin and Josh Smith; Editing by Daniel Wallis and Diane CraftOur Standards: The Thomson Reuters Trust Principles.

HONG KONG — After mass unrest in 2019, a pandemic that left it isolated from the world and the imposition of a national security law that has crushed dissent, Hong Kong is ready to turn the page. According to government statistics, about 319,000 people arrived in Hong Kong last month, down 97% from 10.8 million in October 2019. According to one report last month, Hong Kong has lost its status as Asia’s top financial center to Singapore. While it may not be realistic to expect businesses to turn away from China’s huge market, global business leaders “need to recognize that there’s a new situation in Hong Kong, there’s a new reality,” said Brian Kern, the lead researcher for a report on doing business in Hong Kong that was published last month by the Hong Kong Democracy Council, a nonprofit group based in Washington. Lee also pointed to a report in September in which Hong Kong topped Singapore as the world’s freest economy.

☆ Guy Fawkes Night: What those fireworks and bonfires are all about
▼ + stars: | 2022-11-05 | by ( Francesca Street | ) edition.cnn.com time to read: +11 min

CNN —Every year on November 5, skies across England, Scotland and Wales are illuminated by fireworks as Brits head out into the night to enjoy Guy Fawkes Night celebrations. Also called Fireworks Night or Bonfire Night, this autumn tradition has been a staple of the British calendar for the past 400 years. A photograph from 1955, depicting children at a school in Surrey, England, preparing the Guy Fawkes Night bonfire. What’s Guy Fawkes Night like today? Lewes Bonfire Night celebrationsEffigies of former UK prime minister Boris Johnson and fellow UK Conservative politician Jacob Rees-Mogg are paraded through the streets of Lewes during traditional Bonfire Night celebrations in 2019.

Persons: Guy Fawkes, Guido Fawkes, Fawkes, Tudor King Henry VIII, Robert Catesby, Catesby, King James I, James Sharpe, Sharpe, ”, What’s Guy Fawkes, Ronald Hutton, ” Hutton, Hutton, That’s, you’re, Boris Johnson, Jacob Rees, Mogg, Peter Summers, it’s, that’s, “ They’re, Donald Trump, “, Mary, Phil Clarke Hill, Ottery, Mary’s, Patrick Kinsella, parkin, there’s, –, Alexandra, Chris J Ratcliffe, Hallows, Halloween’s, you’ll Organizations: CNN, Getty, Catholic, of, London, University of York, CNN Travel, Conservative, Lewes, Lewes Bonfire Society, Alexandra Palace, Celtic, Battersea Power Locations: England, Scotland, Wales, of England, Surrey, Britain, Lewes, Zulu, Lewes . The, spectate, Ottery St Mary, Devon, Ottery, North America, In Yorkshire, Lancashire, Yorkshire, London, Northern Ireland, Republic of Ireland, Ireland, York, South, Battersea

☆ Kenya drought: Hundreds of elephants, wildebeests and zebras reported dead
▼ + stars: | 2022-11-05 | by ( Idris Mukhtar | ) edition.cnn.com time to read: +2 min

CNN —Hundreds of elephants, wildebeests, and zebras have died across Kenya amid the nation’s longest drought in decades. “The Kenya Wildlife Service Rangers, Community Scouts, and Research Teams counted the deaths of 205 elephants, 512 wildebeests, 381 common zebras, 51 buffalos, 49 Grevy’s zebras, and 12 giraffes in the past nine months,” a report released Friday by the country’s Ministry of Tourism said. An elephant keeper rests next to a month-old calf at Reteti Elephant Sanctuary in Samburu, Kenya on October 12, 2022. Yasuyoshi Chiba/AFP/Getty Images“The drought has caused mortality of wildlife, mostly herbivore species,” Malonza said. According to the ministry, Kenya had just 36,000 elephants left last year.

☆ Laxalt's fiery closing pitch illustrates Nevada GOP's pro-Trump transformation
▼ + stars: | 2022-11-04 | by ( Natasha Korecki | Natasha Korecki Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +10 min

“I have more steak knives in my back from Republicans that have turned on us and stepped on us for their own benefit,” Nevada GOP Party Chair Michael McDonald said at a recent event in Reno. In 2020, Biden carried Nevada by just more than 33,000 votes via a similar path of winning Clark and Washoe counties. "The Republican Party has lost its mind," Cashell said. “Here in Washoe County, we have made it abundantly clear that if you as a Republican damage the Republican brand, there are consequences,” Washoe County GOP Chair Bruce Parks said in an interview. The county, as well as other Republican county organizations in Nevada have formally censured Republicans, like former GOP party chair Amy Tarkanian, after she endorsed two Democrats in Tuesday’s election.

☆ Midterms could be a positive catalyst for stocks as investors await next big inflation report
▼ + stars: | 2022-11-04 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

There are two big hurdles for markets in the week ahead - another potentially hot consumer inflation report and the Congressional midterm elections. "100% of the time, the S & P 500 has been up 12 months after the midterm election." Midterm rallies Stocks tend to gain in the final months of midterm election years, and strategists have been expecting the market to move higher. CFRA Chief Market Strategist Sam Stovall said even when interest rates are climbing, the midterm election has been a catalyst for stocks. He examined market performance in other midterm election years when interest rates were going up.

☆ Drought has killed 205 Kenyan elephants in 10 months, minister says
▼ + stars: | 2022-11-04 | by ( Ayenat Mersie | ) www.reuters.com time to read: +2 min

NAIROBI, Nov 4 (Reuters) - Drought in Kenya killed 205 elephants and scores of other wildlife between February and October as much of East Africa endures its worst drought in 40 years, tourism minister Peninah Malonza said on Friday. Although sporadic rainfall has finally started in the region, Kenya's Meteorological Department is forecasting below-average rainfall for much of the country for the coming months, raising fears that the threat to Kenya's wildlife is not over. There have also been 49 deaths of the rare and endangered Grevy's zebra. In September, conservation group Grevy's Zebra Trust said that 40 Grevy's had died in just a three-month period because of the drought, representing nearly 2% of the species population. Last month, charity Save the Elephants said that one famed calf, well-known for being a twin, a rarity for elephants, died during the drought.

☆ Gabby Petito’s family alleges Utah officers ignored signs of violence they should have been trained to notice
▼ + stars: | 2022-11-03 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

The lawsuit filed on Thursday is the latest development in the high-profile case around Gabby Petito’s death. In doing so, the lawsuit alleges officers disregarded signs of violence they should have been trained to notice. The suit also alleges police officers “coached Gabby to provide answers that the officers used to justify their decision not to enforce Utah law,” which requires action be taken in response to domestic violence incidents. “Our officers acted with kindness, respect, and empathy toward Ms. Petito,” city spokesperson Lisa Adams said in a statement. An independent investigation in January faulted police for making “several unintentional mistakes” including not issuing a domestic violence citation after Petito told police she had hit her fiancé.

☆ Dolly Chugh Q&A: How to love a country with a complicated history
▼ + stars: | 2022-11-03 | by ( Angela Duckworth | ) edition.cnn.com time to read: +9 min

This tradition of loving one’s country, but not always liking what is done in its name, is not new. In this conversation, she offers seven tools grounded in psychological research that can help you learn — and unlearn — American history. The newly released book "A More Just Future: Psychological Tools for Reckoning With Our Past and Driving Social Change" is written by social psychologist Dolly Chugh. Dolly Chugh: The interview opened with him spontaneously singing “Hello, Dolly!” to me, so he definitely had me at hello! Dolly Chugh of the NYU Stern School of Business offers seven tools that can help you learn — and unlearn — American history.

☆ Coming Home to New York, but Could She Afford a Manhattan Studio?
▼ + stars: | 2022-11-03 | by ( Debra Kamin | ) www.nytimes.com time to read: +2 min

Amanda DiMarco didn’t expect New York City to pull her back, but it did. Ms. DiMarco, 32, had lived in the area for almost her entire life: She was born and raised in Westchester and spent seven years in Hoboken, N.J., after college. They earned loyalty points at Marriott hotels, where Ms. DiMarco would take Zoom calls in the morning before heading out to hike in national parks. “She had already been nomadic, and she wanted a stable place,” Ms. Beniamino said. Ms. DiMarco began looking at apartments in early 2022.

☆ Major glaciers in Kilimanjaro and Yosemite will disappear by 2050, UN says
▼ + stars: | 2022-11-03 | by ( Emma Newburger | ) www.cnbc.com time to read: +1 min

Major glaciers across the world, including those in the Dolomites in Italy, Mount Kilimanjaro in Tanzania and Yosemite and Yellowstone parks in the U.S., will be gone by 2050 even if global greenhouse gas emissions are reduced, the U.N. Educational, Scientific and Cultural Organization said in a report on Thursday. Even if global temperature rise is limited to 1.5 degrees Celsius (2.7 degrees Fahrenheit), an increasingly unlikely scenario, at least one-third of the roughly 18,000 glaciers across the 50 World Heritage sites will disappear by mid-century. Only a rapid reduction in our CO2 emissions levels can save glaciers and the exceptional biodiversity that depends on them," UNESCO Director-General Audrey Azoulay said in a statement. The other glaciers can be saved only if emissions are reduced dramatically and global temperatures do not exceed 1.5 degrees Celsius of warming, UNESCO warned in its report. Half of humanity depends directly or indirectly on glaciers as a water source for domestic use, agriculture and power, according to the report.

Search resuls for: "SeaWorld Parks

25 mentions found