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☆ Paramount agrees to merge with Skydance
▼ + stars: | 2024-07-08 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Paramount Global will merge with Skydance, capping off a months-long negotiation that included various twists and turns, and will see the Redstone family step away from control of the storied movie studio and media company. Paramount's special committee agreed to the merger on Sunday, days after Shari Redstone's National Amusements, the controlling shareholder of Paramount, once again reached a preliminary agreement with Skydance. The latest iteration of the deal will see the buying consortium, which includes RedBird Capital Partners and KKR, invest more than $8 billion into Paramount and to acquire National Amusements. The deal gives National Amusements an enterprise value of $2.4 billion, which includes $1.75 billion in equity. A completed Skydance merger would mark a major shift for the ownership of Paramount, as well as for Hollywood as a whole.

Persons: Shari Redstone's, it's, Jeff Shell, Ellison, Forrest, —, David Ellison, Skydance, Larry Ellison Organizations: Paramount Studios, Paramount, Skydance, RedBird Capital Partners, KKR, National, Shell, Hollywood, CBS, MTV, Nickelodeon, Oracle Locations: Los Angeles , California

☆ Wall Street thinks the US economy is getting back to normal. The election could change that
▼ + stars: | 2024-07-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

New York CNN —New data shows weakening in the US economy – Friday’s jobs report showed that unemployment ticked up to 4.1% in June. Inflation is easing, and so is economic growth – that combination means interest rate cuts could be on their way. Before the Bell spoke with Michael Reynolds, vice president of investment strategy at Glenmede, about investors, the economy and political landscape. We recognize that to have a thesis on the economy is to have a thesis on the consumer. The global market value for adult diapers was pegged at $12.8 billion in 2023, according to market research provider Euromonitor International.

Persons: Joe Biden, Bell, Michael Reynolds, we’ve, there’s, That’s, We’ve, Fumio Kishida, Read, Nathaniel Meyersohn Organizations: CNN Business, Bell, New York CNN, Nasdaq, Federal, DC, Traders, Fed, Federal Reserve, United Nations, UN, Euromonitor, Oji Holdings, Flags Locations: New York, Japan, China, Indonesia, Malaysia, United States

☆ Madison Keys cries on court as injury derails Wimbledon dream against Jasmine Paolini
▼ + stars: | 2024-07-07 | by ( James Hansen | ) www.nytimes.com time to read: +4 min

American Madison Keys wept on Court One at Wimbledon as a horrifically timed injury forced her to retire against Jasmine Paolini of Italy. The challenge stood, and the ball had clipped the line by about 4mm, putting Keys down 15-30. Had there been no challenge from Keys, Paolini would likely have challenged herself, but Keys played the ball back into the court, so the point would have been replayed instead of the American losing it. From 15-30, Paolini brought up a break point, and Keys missed a forehand wide while pivoting through the shot onto her left leg, which gave way. Paolini a French Open finalist, defeated by Iga Swiatek; Keys a US Open finalist in 2017, and a Slam semifinalist five more times.

Persons: Madison Keys, Jasmine Paolini, Keys, Paolini, strapping, “, It’s, ”, Coco Gauff, Emma Navarro, Matt Futterman, Iga Swiatek, Andrej Isakovic, Paolini’s Organizations: Wimbledon, Getty Locations: Italy, AFP

☆ These two amusement park giants just merged. Rollercoaster fans are nervous
▼ + stars: | 2024-07-06 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

New York CNN —Six Flags this week completed an $8 billion merger with rival Cedar Fair to create the largest amusement park operator in the United States. The success of the deal will determine the future of these amusement parks, and diehard rollercoaster fans are watching carefully. Many amusement park fans are passionate about the parks’ design and history and notice the smallest of changes. He also worries the “beautiful” Cedar Fair parks will lose their distinct identities and become more like Six Flags. Halloween has become a primary visiting time for theme park fans, and there could be changes to these events.

Persons: Knott's Berry, Allen J, ”, Bill Kneass, Kneass, they’re, Chris Miller, Stan, Gary Rhodes, Richard Zimmerman ., Selim Bassoul, Berry, Matt Kaiser, “, There’s, Dennis Speigel, Chris Woronka, Looney, Michael Musil Organizations: New, New York CNN, Flags, Cedar Fair, Los Angeles Times, Six Flags Entertainment Corp, Disney, Universal, Six, Fair, Six Flags, Kmart, Walmart, Facebook, Park, Deutsche Bank, Warner Bros, Discovery, DC Comics, CNN, Warner Bros . Locations: New York, United States, California, New Jersey, Sandusky , Ohio, Buena Park , California, Bay Village , Ohio

☆ Britain’s Liberal Democrats Score Big Election Gains
▼ + stars: | 2024-07-05 | by ( Stephen Castle | ) www.nytimes.com time to read: 1 min

He bungee jumped from 160 feet, rode a stomach-churning roller coaster, plunged down a water slide and toppled into a lake while attempting to paddleboard. As leader of the Liberal Democrats, a small, centrist party, Ed Davey spared himself few indignities to secure news media coverage during a British election campaign dominated by bigger parties. The appearances, alongside Mr. Davey’s heartfelt reflections on caring for his disabled son, have lifted his profile and that of the Lib Dems, who made significant advances in this election. The party won 71 seats, its best showing in a century, regaining its stature as the third largest party in Parliament.

Persons: Ed Davey Organizations: Liberal Democrats, Lib Dems

☆ ‘A Roller Coaster in a Carwash’: Why Scientists Are Flying Into Hurricane Beryl
▼ + stars: | 2024-07-03 | by ( Austyn Gaffney | ) www.nytimes.com time to read: 1 min

Hurricane Beryl, which devastated islands in Grenada on Tuesday and is now heading toward Jamaica and the Cayman Islands, has broken records as the earliest hurricane ever to reach Category 4 and Category 5 intensity in the Atlantic Basin. Wind speeds of at least 160 miles per hour were recorded on Monday. “There are so many superlatives to describe Hurricane Beryl given the time of year, the location and the strength,” said Jonathan Zawislak, a meteorologist and flight director for the National Oceanic and Atmospheric Administration. Dr. Zawislak is a hurricane hunter, the title held by about 30 to 40 scientists, data crunchers and pilots based in Lakeland, Fla., who fly into hurricanes on three airplanes nicknamed Gonzo, Kermit and Miss Piggy. Both Kermit and Miss Piggy are equipped with Doppler radar on their bellies and tails that scientists use to create 3-D images of the storm.

Persons: Beryl, ”, Jonathan Zawislak, Zawislak, Kermit, Miss Piggy Organizations: National Oceanic, Atmospheric Administration Locations: Grenada, Jamaica, Cayman Islands, Lakeland, Fla

☆ Student-loan borrowers on Biden's new repayment plan get a win after a federal court rules that cheaper monthly payments can go into effect
▼ + stars: | 2024-07-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The legal roller coaster for millions of student-loan borrowers on President Joe Biden's new repayment plan continues. A court ruled that borrowers on the SAVE income-driven repayment plan can get the new benefits set to go into effect in July, like lower payments, for the time being after a legal challenges blocked their implementation. The Education Department did not immediately respond to a request for comment from Business Insider on the stay. This means that for now, the Education Department can continue working to implement the new SAVE provisions set to go into effect this July. For now, borrowers continue to await further guidance from the Education Department.

Persons: Joe Biden's, Persis Yu Organizations: Service, Business, Biden's Education Department, GOP, Kansas, Circuit, Education Department, Democratic, Protection, Department, Education, SAVE, Republican Locations: Kansas, Missouri

☆ I was the first Black female pilot in the US Air Force, and captained a commercial jet for 30 years. Some people still questioned if I was qualified to fly.
▼ + stars: | 2024-06-29 | by ( Polly Thompson | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a conversation with Captain Theresa Claiborne, the first Black female pilot in the US Air Force and a captain at United. The hardest period of my lifeIn 1980, the Air Force only had 10 slots for women per graduating class, and they had already been filled for the year. I flew out to Laughlin Air Force base in Texas to start pilot training. Captain Theresa ClaiborneEntering active duty in the Air Force, I did feel the pressure. AdvertisementI tell the young ladies I mentor the same thing I told myself: be so good that they can't say you're not good.

Persons: —, Captain Theresa Claiborne, Theresa Claiborne Captain Theresa Claiborne, I've, Theresa Claiborne, Theresa Claiborne I'm Organizations: Service, US Air Force, United, Business, Reserve Office Training Corps, Cessna, Air Force, Laughlin Air Force, Boeing, Companies, Women, Aviation Locations: Berkeley, Texas, Newark, Cape Town, Johannesburg, Tel Aviv, Delhi, Lisbon

☆ I was rejected from Google 7 times. Here's what I changed to finally land my dream job.
▼ + stars: | 2024-06-28 | by ( Qingyue Annie | ) www.businessinsider.com time to read: +9 min

Read previewMy journey to finally landing a job at Google was an emotional roller coaster. Looking up at the stars on my walk home, I'd remember why I was working for my goal, grit my teeth, and do one more round of practice. My final attemptWhile I valued my experience at Amazon, Google still felt like an elusive dream to me. Qingyue(Annie) WangI have the job of my dreamsIt's been two years since I got the news that I'd finally landed a job at my dream company. I'm grateful to have had the opportunity to finally experience Google's culture and even become an internal career coach to support other Googlers in their career growth.

Persons: —, I'd, hadn't, they'd, Annie, Wang I, It's, Qingyue, Wang Organizations: Service, Google, Business, Apple

☆ Nike CEO John Donahoe comes under fire from Wall Street after lackluster performance
▼ + stars: | 2024-06-28 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

As Wall Street digested the dismal outlook from the world's largest sportswear company, at least six investment banks downgraded Nike's stock. Analysts at Morgan Stanley and Stifel took it a step further, specifically calling the company's management into question. The company also said it expects fiscal 2025 sales to be down mid-single digits when it previously expected them to grow. If you ask Phil Knight, Nike's founder and its chairman emeritus, Donahoe is doing just fine. "I am optimistic in Nike's future and John Donahoe has my unwavering confidence and full support."

Persons: Jim Duffy, Morgan Stanley, Stifel, Donahoe, Matt Friend, That's, Hoka, Jessica Ramírez, Jane Hali, Nike didn't, they've, Kevin McCarthy, Neuberger Berman, CNBC's Scott Wapner, " McCarthy, They've, you've, it's, he's, Phil Knight, John Donahoe Organizations: Nike, eBay, Air Force, Air, Associates, CNBC Locations: 2HCY25, China, …, U.S

Those are just some of what fans of Disney cruises can expect on board the upcoming Disney Adventure, according to details announced Tuesday by Disney Cruise Line. Like other Disney cruises, Disney Adventure will have characters on board, entertainment based on Disney songs and viewings of its most popular movies. Other Disney cruisesDisney Adventure joins Disney Cruise Line's fleet of five ships, alongside two others — the Disney Treasure and Disney Destiny — that are on the way, according to the release. The AquaDuck water coaster aboard a Disney cruise ship — the Disney Dream — in Nassau, Bahamas. Matt Stroshane | Disney Cruise Line | Getty Images

Persons: Pixar's, Sarah Fox, Matt Stroshane Organizations: Disney, Disney Cruise, Marina Bay Cruise, Pixar, Marvel, Asia, Disney Adventure, Disney Treasure, Getty Locations: Asia, Singapore, Marina, Moana, Caribbean, Europe, Alaska, Mexico, Canada, Hawaii, Pacific, Australia, New Zealand, Nassau, Bahamas

Atlanta, Georgia CNN —The headwinds facing President Joe Biden’s reelection bid are as apparent in Georgia as any battleground. “President Trump still has to earn these Republican voters,” said Kelvin King, who was among Trump’s most prominent Black supporters in Georgia in 2016 and 2020. “Atlanta rent is way up, food prices soaring to record highs but Biden claims he’s lowering costs. “You know what you’re getting with Joe Biden,” Davis said in an interview in her store, the Beehive. “To me, former President Donald Trump just isn’t an option whatsoever.”The question is whether Singleton stands alone or represents a broader view among young voters.

Persons: Joe Biden’s, Donald Trump, Trump, ”, Kelvin King, he’s, ” King, “, King, “ He’s, denialism —, Brian Kemp, Brad Raffensperger, ” Biden, Biden, who’s, “ We’ve, Keisha Lance Bottoms, “ We’re, aren’t, ‘, –, Democrat Mariama Davis, Joe Biden, ” Davis, He’s, Davis, it’s, battlegrounds Trump, Kamala Harris, ” Harris, “ Young, Kerry Singleton Jr, Singleton, ” Singleton, that’s Organizations: Georgia CNN, CNN, Republican, Trump, US, America, Biden, Democratic, Gov, Atlanta, Georgia, Democrat, Morehouse College Locations: Atlanta, Georgia, Arizona, Nevada, Wisconsin , Michigan, Pennsylvania, Nebraska

☆ Riders climb down iconic roller coaster after mid-ride emergency
▼ + stars: | 2024-06-26 | by ( ) edition.cnn.com time to read: 1 min

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☆ Meet the hobbyists who collect barf bags
▼ + stars: | 2024-06-19 | by ( Aj Willingham | ) edition.cnn.com time to read: +12 min

CNN —“I collect barf bags” is not a complete sentence. “I collect barf bags because they’re pretty neat.”“I collect barf bags, and I’m not the only one.”Of the eight billion people on the planet, the number of serious barf bag collectors is just north of 100, according to notable members of their ranks. The ineffable whyWhen Steve Silberburg started collecting barf bags around 1981, he thought he would be the only one. People were indeed amused, but it had an unintended side effect: Classmates started bringing Silberburg other barf bags to add to his collection. “We don’t want anybody to get ahead of us, you know.”“It makes a good litmus test, telling people you collect barf bags,” Silberburg says.

Persons: CNN —, I’m, Dramamine —, Steve Silberburg, ”, ” Silberburg, Silberburg, Eli Cox, “ It’s, that’s, Cox, “, Bob Grove, Bruce Kelly, Grove, Bob Grove's tastefully, Dramamine Bruce Kelly, Grove’s, “ I’ve, ” Kelly, Kelly, somebody’s, it’s, Bruce Kelly's, Gilmore Schjeldahl, Louis, ” Bruce Kelly, ’ Organizations: CNN, Maine, Finn Aviation, TWA Locations: “, New York City, Boston, San Francisco, Austin , Texas, San Diego, Tijuana, Burma, Myanmar, American, North Dakotan, Finnish, Omaha, St, England, Japan, Europe

☆ ALICEs, DINKs, HENRYs, and More: a Complete Guide
▼ + stars: | 2024-06-17 | by ( Erin Snodgrass | Jacob Zinkula | ) www.businessinsider.com time to read: +17 min

But the terms' recent popularity suggests people want to understand how they fit into the broader economy beyond standard measurements. But that, too, is uncertain: She said she was "dangerously close" to losing the aid because her income is too high. ALICEs tend to be older or younger workers, and while they're represented across racial groups, they're more likely to be Black or Hispanic. HIFI: High Income, Financially InsecureHIFI is the latest acronym to join the club. In a 2021 Medium post, Erica Dhawan defined "geriatric millennials" as millennials born in the early 1980s.

Persons: ALICE, HENRY, Kory, Anthony Klotz, Kantenga, DINK, They've, they've, Eric Anicich, Henry, Alice, haven't, Sarah, she's, — there's, they're, Carrie, Gen Zers, Brenton, Mirlanda, Neiman Marcus, Katie Notopoulos, Paige Connell, Connell, Chrissy Arsenault, Arsenault, Jimmy Simpson, who've, Rich, Christopher Stroup, Stroup, HIFIs, Erica Dhawan, Dwahan, Louis, —, Jewel Benjamin, Benjamin, micromanaging, Erin Snodgrass, Jacob Zinkula Organizations: FIRE, Business, LinkedIn, Texas, USC Marshall School of Business, : Asset, SNAP, Los Angeles Times, DINKs, Public School, Financial Independence, Sherwood News, Federal Reserve Bank of St, Federal Reserve, University of Michigan Health, Social, Social Security Locations: POLK, City, Dallas, Boston, Massachusetts, Colorado, Santa Monica , California, millennials, Georgia

☆ RV sales are picking up. That’s a good sign for the economy
▼ + stars: | 2024-06-16 | by ( Alicia Wallace | ) edition.cnn.com time to read: +10 min

When consumer sentiment falters or the economy starts to teeter, RV sales follow suit, said Michael Hicks, an economics professor at Ball State University and director of Indiana University’s Center for Business and Economic Research. “People don’t make these large, luxury purchases unless they’re actually feeling better about the economy,” said Hicks, who follows the RV industry closely. “It’s so sensitive to interest rate changes, which often precede a downturn.”A Winnebago travel trailer at Motor Sportsland RV dealership in Salt Lake City on April 6, 2020. Nika Shneyder and her father and business partner, Alex Shneyder, standing by a Chill RV in Malibu RV Park, California, in 2019. They moved down to a historically strong, but noticeably smaller, 493,000 the next year, according to data from the RV Industry Association.

Persons: That’s, Nika Shneyder, “ We’re, ” Shneyder, “, Michael Hicks, ”, Hicks, George Frey, bode, ” Michael J, Happe, hasn’t, We’ve, we’ve, Covid, Alex Shneyder, Nika, they’d, Monika Geraci, David Titus, Ty Wright, there’s, Ball State’s Hicks, ’ Titus, they’re, we’ll, Titus, ” Titus Organizations: CNN, Ball State University, Indiana University’s Center for Business, Economic Research, Bloomberg, Getty, Winnebago Industries, RV Industry, Dealers, RVs, Consumers, HL Enterprise, Manufacturing, of Labor Statistics Locations: Los Angeles, teeter, Salt Lake City, YOLO, Malibu, , California, Elkhart , Indiana, The Northern Indiana, South Bend, Elkhart, “, Elkhart .

☆ Opinion | Growing Old, With Grace and Aches
▼ + stars: | 2024-06-15 | by ( ) www.nytimes.com time to read: 1 min

To the Editor:Re “The Beauty of Embracing Aging,” by Charles M. Blow (column, June 6):I admire Mr. Blow’s elegiac paean to growing old, especially as my own experience has been quite different. One day I am filled with gratitude for all the material and social resources from which I have benefited. Sociologists tell me that some who reach old old age experience a calming withdrawal from the kinds of complicated emotions marking the start of my ninth decade. Till then, I’m holding on tight, still thankful that the exhilarating, sometimes scary ride is not yet over. Jonathan SilinTorontoThe writer is the author of “Early Childhood, Aging and the Life Cycle: Mapping Common Ground.”

Persons: Charles M, Till, Jonathan Silin, “ Locations: Jonathan Silin Toronto

☆ Dries Van Noten Takes His Exit
▼ + stars: | 2024-06-15 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +1 min

On a recent afternoon, the designer Dries Van Noten sat in the sprawling old warehouse that houses his Antwerp headquarters, with its bare concrete walls, vintage oak cupboards and views over the city’s harbor. He was altering a jacket for his coming men’s wear show: a nip here, a seam moved there. Then, Mr. Van Noten said, a member of his team pointed out that it was the last piece of the men’s collection this season. As Mr. Van Noten recounted later, “I said, ‘That’s not the last piece of the men’s collection: It’s the last piece of my career.’”In March, six years after selling the company he founded in 1986 to Puig, the Spanish luxury group, Mr. Van Noten, 66, did something truly rare in fashion: He announced his retirement. This men’s wear show, next Saturday in Paris, will be his last.

Persons: Van Noten, “, ‘ That’s, ’ ”, Puig, Patrick Vangheluwe Locations: Antwerp, Spanish, Paris, Amalfi Coast, Italy

☆ What we can expect from the fifth and final season of 'The Boys'
▼ + stars: | 2024-06-14 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

"#TheBoys Season 4 Premiere Week is the perfect time to announce: Season 5 will be the Final Season! Season 4 is designed to be a darker, more introspective season ahead of the all-out action of season 5Jeffrey Dean Morgan as Joe Kessler and Karl Urban as Billy Butcher in season four of "The Boys." Season 5 of 'The Boys' will definitively wrap up the show's storyKarl Urban as Butcher and Antony Starr as Homelander in the season three finale of "The Boys." But the upcoming fifth season of "The Boys" will be the end of the road for the show. Jasper Savage/Prime Video"It's not totally locked in yet, but we are going to start shooting around mid-November," Kripke told Variety.

Persons: —, Eric Kripke, Kripke, Jeffrey Dean Morgan, Joe Kessler, Karl Urban, Billy Butcher, Jasper Savage, Nathan Mitchell, Black Noir, Chace Crawford, Butcher, Antony Starr, Homelander, Jack Quaid, Hughie Campbell, Erin Moriarty, Annie, Variety Organizations: Service, Business, Hollywood, Amazon Studios Locations: Mexico

☆ National Amusements stops discussions with Skydance on Paramount deal, sources say
▼ + stars: | 2024-06-11 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

National Amusements has stopped talks with Skydance on a proposed merger with Paramount Global , CNBC's David Faber reported Tuesday. The deal had been awaiting signoff from Redstone, CNBC previously reported. She has approved of their ideas and leadership during their short tenure, CNBC previously reported. This is why it was no surprise when Paramount and Skydance agreed to merger terms earlier in June, CNBC reported. Under those terms, which were still being ironed out up until Tuesday, Redstone would have received $2 billion for National Amusements, CNBC reported.

Persons: Skydance, CNBC's David Faber, Shari Redstone, David Ellison's Skydance, Spokespeople, Redbird, It's, George Cheeks, Chris McCarthy, Brian Robbins, Bob Bakish, Paramount's Organizations: Paramount Studios, Amusements, Paramount Global, Paramount, RedBird Capital, KKR, CNBC, National Amusements, Street, CBS, Paramount Media Networks, Paramount Pictures, Redstone, Apollo Global Management, Sony, Skydance Locations: Los Angeles , California, Redstone

☆ A Drug to Slow Alzheimer’s Is Finally Available. How Are Patients Faring?
▼ + stars: | 2024-06-10 | by ( Dana G. Smith | ) www.nytimes.com time to read: +1 min

Over the last three years, a new class of Alzheimer’s drug, the first to treat a root cause of the disease, has set off a roller coaster of hope and disappointment. Lecanemab (brand name Leqembi; pronounced le-KEM-bee) was given full approval by the Food and Drug Administration in July 2023 and is currently the only one of its class available to Alzheimer’s patients, outside clinical trials. The drug has been shown to slow the progression of the disease, but its benefits are fairly modest. With lecanemab having been approved for nearly a year — and with a similar drug, donanemab, being reviewed by an F.D.A. There are strict requirements for patients to be eligible for lecanemab; by one estimate, fewer than 20 percent met the qualifications for the medication.

Persons: Neurologists Organizations: Food and Drug Administration, New York Times, Mayo Clinic, Mayo Clinic , Massachusetts General Hospital, University of California Locations: Mayo Clinic , Massachusetts, San Francisco

☆ Stocks making the biggest moves midday: Southwest Airlines, GameStop, Advanced Micro Devices and more
▼ + stars: | 2024-06-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Southwest Airlines — The stock rose 9% after activist hedge fund Elliott Management amassed a $1.9 billion stake in Southwest Airlines. GameStop — The meme stock slipped nearly 15% in volatile trading after a roller-coaster week. Advanced Micro Devices — The chipmaker fell 3% after Morgan Stanley downgraded shares to equal weight from overweight, saying investors' expectations look elevated. ReNew Energy Global — Shares popped more than 7% after Morgan Stanley upped its price target, saying the narrative for the U.K.-based company remains strong. DraftKings — The sports entertainment stock gained 2% after Morgan Stanley renamed the company as a top pick.

Persons: Bob Jordan, Gary Kelly, Keith Gill, Huntington Bancshares, Huntington, Morgan Stanley, GoDaddy —, Dow, Robert Half, Jefferies, DraftKings, Yun Li, Alex Harring, Michelle Fox, Sarah Min, Pia Singh, Sean Conlon Organizations: Southwest Airlines, Management, Southwest, GameStop, KKR, CrowdStrike, GoDaddy — KKR, Dow Jones, Comerica, Apple, Energy, Jefferies Locations: 2H24, Illumina, Illinois

☆ Tiana's Bayou Adventure is the next step in Disney's $60 billion theme park investment
▼ + stars: | 2024-06-10 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

In this article DIS Follow your favorite stocks CREATE FREE ACCOUNTTiana's Bayou Adventure opens June 28 at Walt Disney World Resort in Florida! Tiana's Bayou Adventure, the rethemed Splash Mountain, is set to reopen June 28 at Walt Disney World Resort in Orlando, Florida. Featuring characters from Disney Animation's "Princess and the Frog," Tiana's Bayou Adventure takes guests through the swamps of New Orleans as Tiana preps a massive Mardi Gras celebration. The revamp of Splash Mountain into Tiana's Bayou Adventure is part of a bigger strategy for Disney to infuse relevant, fan-favorite intellectual properties into its existing rides and theme parks. A preview of Walt Disney Imagineering's audio-animatronics for the upcoming refresh of Splash Mountain, Tiana's Bayou Adventure.

Persons: Prince Naveen, Mama Odie, Olga Thompson We're, Tiana, Louis, hasn't, Disney, Walt Disney Organizations: Walt Disney World, Walt Disney Animation Studios, Disney, Guardians, California, Epcot Locations: Florida, Orlando , Florida, California, New Orleans, Norway, Tokyo

☆ 15 little-known secrets you probably didn't know about Magic Kingdom
▼ + stars: | 2024-06-09 | by ( Jenna Clark | ) www.businessinsider.com time to read: +7 min

Here are some little-known secrets even the biggest Disney fans might not know about Magic Kingdom. There's a hidden homage to Walt Disney at the front of the parkWalt Disney Was born in 1901. Kim Renfro/INSIDERAlthough Space Mountain is an iconic attraction that has become synonymous with the park, it was not an opening-day attraction at Magic Kingdom in 1971. There are locations in both Disneyland and Disney World, and the Magic Kingdom Club 33 is located at the entrance to Adventureland near the Adventureland Bazaar. The Walt Disney World Railroad spans 1.5 miles across the parkMagic Kingdom's 20-minute train ride stops on Main Street, in Frontierland, and in Fantasyland.

Persons: —, Walt Disney, Jenna Clark, Walt, isn't, Roberto Machado Noa, it's, Jenna Clark Gaston's, It's, Kim Renfro, Mickey Mouse's, Mickey, Mickey Mouse, ROBERT SULLIVAN, who've, Walter E, Lilly Belle, Walt's, Lillian, Roy O, Roger E, Jenna Clark Just Organizations: Service, Disney, Magic, Business, Walt, Kingdom, Barber, Getty, Magic Kingdom, Kingdom's, Adventureland, Cinderella, Walt Disney World Railroad, Liberty, Hollywood Studios Locations: aren't, Frotierland, USA, New Fantasyland, Tomorrowland, Magic, Pinocchio's, Adventureland, There's, AFP, Frontierland, Fantasyland

☆ The politics and competition driving Disney's high stakes $60 billion theme parks expansion
▼ + stars: | 2024-06-06 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

The next wave of Disney theme park expansion in the U.S. is primed to be in California rather than Florida. The decision requires Disney to put a minimum of $1.9 billion in theme parks, lodging, entertainment, shopping and dining within 10 years. In Florida, Disney has had a more difficult time navigating the political landscape — leading to Disney World development tie-ups. In its fiscal 2024 second quarter , Disney's Parks & Experience division, which includes theme parks, resorts, cruises, hotels, and consumer products grew sales by nearly 10% to $8.93 billion and operating income by more than 12% to $2.29 billion. "Comcast's exposure to, and reliance on the Theme Parks segment is about to expand dramatically," according to MoffettNathanson.

Persons: —, Ron DeSantis, DeSantis, Bob Iger, Iger, Nelson Peltz, Jeff Marks, Disney's, Laurent Yoon, Bernstein, Yoon, Orlando, Peter Supino, Harry Potter, Supino, Jim Cramer, Jim Cramer's, Jim, Mario Tama Organizations: Disney, Republican Florida Gov, CNBC, Comcast, What's, that's, Disney's Parks, Parks, Disney Destiny, Sunshine, Universal, Wolfe Research, Universal Studios Hollywood, Wall Street, Getty Locations: U.S, California, Florida, Anaheim —, Southern California, NBCUniversal, DeSantis, Orlando, Golden, Anaheim, Anaheim , California

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