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It had been more than a year since the Covid pandemic had forced Disney's domestic parks to shutter, but D'Amaro, chair of Disney's experiences division, was confident guests would flood back in when the gates reopened. Revenues fell 35% in 2020, a nearly $10 billion decrease from the $26.2 billion the experiences division had tallied in the year before the pandemic. The experiences division posted record revenue of $32.5 billion in fiscal 2023, a 16% increase from the prior year. Its innovations, from ride mechanics and animatronics to creature design and immersive architecture, have made Disney's parks a standout in the industry. Storytelling is at the heart of everything across Disney's experiences division.
Persons: Mickey Mouse, Ian Langsdon, Josh D'Amaro, D'Amaro, Bob Chapek, D'Amaro —, Walt Disney, King Arthur Carousel, Christian Thompson, you've, it's, Bob Iger, Nelson, Walt Disney Imagineering, Rey, Kylo Ren, Judy Hopps, Imagineers, CNBC —, Lewis, Disney, Imagineering, Matt Stroshane, Alan Bergman Organizations: Paris, Afp, Getty, Gibson, Disney, Walt Disney Imagineering, Hong Kong Disneyland, Walt Disney, Guardians, Magic Kingdom, Epcot, Star Wars, California Disneyland's, Walt Disney Imagineering's, Disney Engineers, Force, Southwest, CNBC, Galactic, Marvel Locations: California, Burbank, Disneyland, Hong Kong, Shanghai Disneyland, Florida, Epcot, Magic, Wharf, Disneyland's, Disney's, Edge
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThis as-told-to essay is based on a conversation with William Conrad, a 25-year-old stay-at-home boyfriend and content creator from Canada. But I ended up studying computer science at college and then found a job at a tech startup. AdvertisementI have no plans to return to the 9-to-5 and would only do so if our online businesses stopped working.
Persons: William Conrad, Levi Coralynn, Conrad, , I've, Levi, we're, We've, we've, I'd, hemming, Andrew Tate, I'm, it's Organizations: Service Locations: Canada, Toronto, Alberta, Ontario
A judge on Thursday denied an effort by Donald Trump to dismiss his criminal election interference case in Georgia on grounds that the indictment violates his free speech rights. "Even core political speech addressing matters of public concern is not impenetrable from prosecution if allegedly used to further criminal activity," McAfee wrote. The defendants argued that their speech about Georgia's 2020 election results was political and that they cannot be prosecuted for making even false political statements. But the charges do not hinge solely on whether their election claims were true or false, McAfee wrote. "The allegations that the Defendants' speech or conduct was carried out with criminal intent are something only a jury can resolve."
Persons: Donald Trump, Fani Willis, Joe Biden, Scott McAfee, McAfee Organizations: U.S, Atlanta Hartsfield, Jackson International, Fulton County Superior Locations: Fulton County, Atlanta , Georgia, Georgia
Elon Musk could turn around Tesla's 'trainwreck into a brick wall," Wedbush's Dan Ives said. But better days ahead will hinge on Musk reining in his distractions and retaking control, Ives said. AdvertisementTesla may be able to turn things around after seeing a "nightmare" first quarter, according to Wedbush's Dan Ives. That's made the first quarter an "unmitigated disaster" for Tesla, Ives said in a recent note, also describing the last quarter as a "black eye" and a "trainwreck into a brick wall" for Tesla. In terms of 1Q, this was just a massively soft quarter," Ives said to BNN Bloomberg on Wednesday.
Persons: Elon, Wedbush's Dan Ives, Tesla, Ives, , That's, We've, BNN, It's, Elon Musk's, Musk, Wedbush, Wells Organizations: Service, Tesla, BNN Bloomberg, Elon, JPMorgan Locations: China, Texas, Delaware, Wells Fargo
A vote for the Disney's slate of board members will show support for Iger's performance as CEO since he returned to lead the company in November 2022. AdvertisementIt's the culmination of months of tussling between Disney and Peltz, who has been waging war against Disney's board since January last year. "When I sold Lucasfilm just over a decade ago, I was delighted to become a Disney shareholder because of my long-time admiration for its iconic brand and Bob Iger's leadership." And proxy advisory firm Institutional Shareholder Service recommended shareholders vote for Peltz, though not Rasulo. Advertisement"We wish the very best to Bob, this management team, and the board," Peltz said on CNBC at the time.
Persons: , Bob Iger, Nelson Peltz's Trian, that's, Peltz, Jay Rasulo —, Maria Elena Lagomasino, Michael Froman, Gen, Alpha, Jason Schloetzer, BlackRock, Rowe Price, Iger, Roy Disney's, Laurene Powell Jobs, George Lucas, Lucas, Bob Iger's, Donald Duck's, Ludwig Von Drake, Schloetzer, Trian, That's, Neuberger Berman, Ike Perlmutter, he'd Organizations: Service, Disney, Nelson Peltz's Trian Partners, Business, Century Fox, Epic Games, Georgetown University's McDonough School of Business, Vanguard, Street Journal, ValueAct Capital, Walt, Star Wars, Lucasfilm, New York Times, California Public Employees, CNBC, Netflix, ABC, ESPN, Marvel, Financial
Three major Disney investors have a history with Nelson Peltz's proxy fights. BlackRock, Vanguard, and State Street voted against Peltz's firm Trian Partners in a 2015 proxy battle. But in a 2017 fight with P&G, BlackRock and State Street supported Peltz. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe fate of Nelson Peltz's proxy fight with Disney partially relies on three investors — the same investors who doomed his DuPont battle nearly 10 years ago.
Persons: Nelson Peltz's, , Nelson Organizations: Disney, BlackRock, Vanguard, State Street, Trian Partners, G, Service, DuPont, Business Locations: BlackRock
However, virtual dating can't replace the chemistry and spark of an in-person meeting. Carlotta Cattelani, the UK country manager at the dating app Fruitz, told BI that meeting virtually makes dates more accessible. AdvertisementA virtual date is a less formal chance to see if your match is searching for the same things you are, Cattelani said. She warns that speaking virtually cannot entirely replace meeting someone in person, so FaceTime dates should be used sparingly. It's easier to be "catfished" on social media, she said, because virtual dates cannot replace the chemistry, body language, and eye contact you might experience in real life.
Persons: Gen Zers, , Z, Tina Wilson, Zers, Wilson, takeout, they're, Eunice, They're, you've, I've, Baker, I'm, Carlotta Cattelani, Cattelani, it's, Sebastian Garrido, Carrie Berk, Berk Organizations: Service, Business, BI Locations: Toronto
For more on the effort to oust House Speaker Mike Johnson from his job and the fight over Ukraine aid, watch “Inside Politics Sunday with Manu Raju” at 8 a.m. “”The speaker wants to put wins on the board for House Republicans, and we better start doing that. But whether or not Johnson keeps his speaker’s gavel may hinge on how he handles the next divisive policy issue coming down the pike: funding for Ukraine in its war against Russia. Over the two-week Easter recess, Johnson has been quietly working with key lieutenants to chart a course on his Ukraine strategy. “It was a terrible deal.”Democrats are signaling that they will save Johnson if he moves a Ukraine bill they can support.
Persons: Mike Johnson, Manu Raju ”, Mike Johnson strategized, Matt Gaetz, Gaetz, , we’ve, ” Gaetz, … I’m, Johnson, Marjorie Taylor Greene, Johnson don’t, Greene, Kevin McCarthy, , Mike, , Chip Roy, Texas, Roy, Anna Moneymaker, Thomas Massie of, ” Massie, Bob Good, McCarthy, She’s grandstanding, ” Good, Good, Ralph Norman of, Andrew Clyde of Georgia, Drew Angerer, Hakeem Jeffries, there’s, Haley Talbot, Sheden Tesfaldet Organizations: CNN, House Republicans, Ukraine, Russia, GOP, won’t, Republican, Republicans, U.S, Capitol, Caucus, Locations: Ukraine, Florida, Johnson’s, Georgia, Washington , DC, Thomas Massie of Kentucky, Virginia, America, Ralph Norman of South Carolina, Washington ,
It’s a milestone moment in the highly anticipated new era of supersonic travel. Now, 10 years after the Boom Supersonic project began in 2014, CEO Blake Scholl tells CNN Travel over video call, there are an exciting few months ahead. “The advent of digital engineering is a huge enabler for why supersonic flight’s coming back,” explains Scholl. Courtesy Boom Supersonic‘If we have faster airplanes, we don’t need as many’He also argues the case for other efficiencies offered by faster flight. Scholl says, “2024 is going to be one of the biggest years yet for supersonic flight.
Persons: Blake Scholl, , Scholl, , Lockheed Martin’s, We’ve, “ There’s, it’s, we’ll Organizations: CNN, Mojave Air, Space, CNN Travel, , French Concorde, NASA, Lockheed, , Concorde, SAF, American Airlines, United Airlines, Japan Airlines Locations: Colorado, California, Soviet, British, French, Atlanta, Concorde, Mojave , California, London, New York, Greensboro , North Carolina
China has helped Russia and Iran sidestep Western sanctions on their oil exports, says the think tank Atlantic Council. Critics say that China aids Russia solely to protect its own interests. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussia and Iran's successful workarounds of the West's sanctions on their oil exports largely hinge on the contributions of China, economic think tank the Atlantic Council wrote in a new report. As the two countries face escalating sanctions from the US-led alliance, Beijing has created an alternative market for their restricted oil.
Persons: , Iran's Organizations: Atlantic Council, Service, Business Locations: China, Russia, Iran, Beijing
Tinder and Hinge operator Match Group added two new directors and signed an agreement with Elliott Management, months after the activist investor was reported to have taken a stake in the company, Match announced Monday. The appointments come after a "constructive" dialogue with Elliott that resulted in an information-sharing agreement, Match said in a release. Such agreements allow activist investors to have insight into the company's finances and operations, above and beyond what everyday investors have. Elliott is one of the most prolific activist investors in the space. The Wall Street Journal reported in January that the activist had an economic interest of around $1 billion.
Persons: Laura Jones, Zillow, Spencer Rascoff, Elliott, Marc Steinberg Organizations: Elliott Management, Instacart, Match, Street
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Korean 'Value-Up' tax reform to hinge on upcoming election: SK SecuritiesPeter Kim from SK Securities says April's legislative election is crucial to the Korean government's efforts to boost value in the stock market, but the policy should continue regardless of the result.
Persons: SK Securities Peter Kim Organizations: SK Securities
A second Trump presidential term poses a risk to Mexico's status as the US's top trade partner. According to Capital Economics, Trump 2.0 threatens Mexico's newly gained status. In a Tuesday note, Capital Economics strategists said much of the impact would hinge on whether the US-Mexico-Canada Agreement (USMCA) deal remains intact. To Capital Economics, Mexico is one of the most vulnerable emerging markets as far as repercussions to this potential move. Mexico's trade with the US accounts for about one-third of its GDP.
Persons: Trump, , Donald Trump, USMCA Organizations: Trump, Capital Economics, Service, Capital, North America Free Trade, US Alliance of Automobile Manufacturers Locations: Mexico, China, Canada, US, shoring
“The golden age of dating apps is over,” a friend told me at a bar on Super Bowl Sunday. As we waited for our drinks, she and another friend swiped through Bumble and Hinge, hunting for new faces and likes. Across the bar were two young men: phones out, apps open, clearly doing the exact same thing. What’s lamentable here isn’t only that dating apps have become the de facto medium through which single people meet. Or maybe the apps have functionally, intentionally gotten worse, as have our romantic prospects.
Persons: , swiped, What’s, Cory Doctorow Organizations: Super Locations: U.S
I deleted all dating apps, which had crept onto my phone like an oil spillage. Grindr started to rule my lifeGrindr is more of a hook-up app than a dating app. I grew up for years feeling isolated and excluded from the standard dating life my straight peers freely enjoyed. AdvertisementI recently finished reading "The Velvet Rage" by psychologist Alan Downs, which theorizes that gay men seek validation to compensate for the shame they felt growing up in a straight man's world. AdvertisementTill then, the distinctive bright orange grid and borderline iconic "brrrrup" notification sound have been silenced for a more old-fashioned dating life.
Persons: , Grindr, they'd ostracize, Gay, would've, I'm, — hookups, Alan Downs, there've, I've, haven't, Gary Nunn Organizations: Service, Business
The World Bank’s internal watchdog on Thursday criticized the organization’s handling and oversight of its investment in a chain of Kenyan schools that were subject to an internal investigation after allegations that students were abused. The investigation, which started in 2020, has consumed World Bank officials and shareholders in recent months and led to scrutiny of its investment arm, the International Finance Corporation, which invested in the educational project a decade ago. While the scandal predates the tenure of Ajay Banga, the World Bank’s new president, it has emerged as one of the first tests of his management. Mr. Banga will be responsible for directing any changes related to how the bank invests in private-sector projects. was interfering in the investigation, and U.S. lawmakers have told him that the bank’s future funding could hinge on his handling of the matter.
Persons: Ajay Banga, Banga Organizations: Bank, International Finance Corporation
Alexa Valavicius is 28, single and off dating apps since 2021. She quit Hinge and Bumble, the only two platforms she was on, when she realized that getting a good read on people was difficult based on their profiles. Although she has never been in a relationship, she doesn’t believe she’s going to meet the love of her life via a screen: “I feel like my ideal partner is someone who is not spending their free time on apps.”Among young singles today, dating-app fatigue is real. The popularity of in-person dating events and the eagerness of some users to take a sabbatical from swiping both point to a shift among members of Gen Z. And that weariness is being felt by the largest dating-app companies, Match Group and Bumble, both of which have reported poor revenue growth and have laid off workers.
Persons: Alexa Valavicius, Ms, Valavicius, Gen Organizations: Match Locations: Chicago
Sitting atop its stainless steel Super Heavy booster, Starship stood taller than the Statue of Liberty at the company's new orbital launchpad in South Texas. As the booster fell back to Earth, Starship continued to climb toward the heavens, then shut off its engines to glide through space. Once fully operational, Starship will be able to carry up to 150 metric tonnes (165 US tons) to space, per SpaceX. Illustration of SpaceX Starship human lander design that will carry NASA astronauts to the Moon's surface during the Artemis mission. NASA's new moon rocket, SLS, could send 46 tons into orbits beyond the moon.
Persons: , Elon, Musk, Dan Huot, Marianne Ayala, Morgan Stanley, Artemis, Artemis III Organizations: Service, SpaceX, Business, SpaceX's, Texas launchpad, X, NASA, Super, Saturn, Morgan, SLS, SpaceX SLS, Apollo Locations: South Texas, Texas
Mr. Biden offered a blitz of policies squarely targeting the middle class, including efforts to make housing more affordable for first-time home buyers. The president used his speech to try and differentiate his economic proposals with those supported by Republicans, including former President Donald J. Trump. Those proposals have largely centered on cutting taxes, rolling back the Biden administration’s investments in clean energy and gutting the Internal Revenue Service. Many of Mr. Biden’s policy proposals would require acts of Congress and hinge on Democrats winning control of the House and the Senate. From taxes and housing to inflation and consumer protection, Mr. Biden had his eye on pocketbook issues.
Persons: Biden, Donald J Organizations: Republicans, Trump, Biden, Internal Revenue Service
Biden unveiled a plan that includes tax credits and down payment assistance to improve housing affordability. Eligible homebuyers would get this tax credit for two years, meaning you could get a total of $10,000 in tax credits for buying a house. Down payment assistanceAnother piece of Biden's plan for more affordable homeownership is the $25,000 in down payment assistance he wants Congress to provide to first-generation homebuyers. What hopeful homebuyers should knowAs a whole, this plan could substantially improve housing affordability, enabling more Americans to become homeowners. And even for homebuyers who qualify for tax credits or other assistance, saving up for a down payment remains a big barrier to homeownership.
Persons: Biden, , Dan Green, homebuyers Biden, hasn't, doesn't, Green, Daryl Fairweather, Fairweather, White, homebuyers Organizations: Biden, Service, Federal Housing Finance Agency, Consumer Financial, homebuilders, Loan, Program, Bank of America Mortgage, Democrats
Key Takeaways From Super Tuesday
  + stars: | 2024-03-06 | by ( Susan Milligan | March | At A.M. | ) www.usnews.com   time to read: +3 min
Super Tuesday confirmed what Americans already knew: Barring a dramatic event, it's a two-person race now, with a November rematch between President Joe Biden and former President Donald Trump. Here are some takeaways:Both Trump and Biden Lost Support to Protest Voters. In Minnesota, the "uncommitted" got 19% of the vote, attributed to unhappiness over Biden's policy toward the Gaza war. Trump, meanwhile, lost Vermont to the now-departed-from-the-race Nikki Haley and lost sizable chunks of the GOP primary electorate to the former South Carolina governor. Democratic Rep. Adam Schiff had two Democratic colleagues, Rep. Katie Porter and Rep. Barbara Lee, vying with him for the top two lines.
Persons: it's, Joe Biden, Donald Trump, Trump, Biden, Nikki Haley, Haley, Adam Schiff, Katie Porter, Barbara Lee, Schiff, Steve Garvey, Garvey, , Jason Palmer –, Palmer, pollsters Organizations: Biden, Democratic National Convention, GOP, South, Democrat, Democratic, Republican, Major League Baseball, Trump Locations: Minnesota, Gaza, Vermont, South Carolina, Oklahoma, Alaska , Alabama, California, Samoa, U.S, American Samoa, Baltimore, South
Unlike other businesses, venture firms do not suddenly go out of business. Limited partners such as pensions and endowments that fund venture firms have been choosier, cutting off capital to firms that have not generated acceptable returns. Why it is so difficult to spot a dying fundOpenView Venture Partners announced in December that it was suspending new investments and laying off staff. In a written statement, he later explained that Sinai Ventures has been rebranded to Sinai Capital Partners. Do you know of a venture firm no longer actively investing?
Persons: VCs, Anna Barber, they'll, they're, Roy Bahat, Brian Brackeen, Brackeen, they're reallocating, Beezer Clarkson, Clarkson, Jake Saper, Bahat, Jordan Fudge, Zachary White, Carlos Adame —, Fudge, We're, Paul Weinstein, Weinstein, Ryan Swager, Brandon Zeuner, Alsop Louie, Alsop Louie Partners, Gilman Louie, Stewart Alsop, Jason Preston, Tyler Peterson, Mike Morgan, Robert Patterson, DEFTA, George Hara, Martin Gedalin, Kevin Ober, Divergent's, Hone, Ben Bergman Organizations: Business, Bloomberg Beta, Lightship Capital, Sapphire Partners, BI, Venture Partners, Foundry Group, Sinai Ventures, Sinai Capital Partners, Capital, San, Alsop Louie Partners, Partners, Ventures Peninsula Ventures, LinkedIn Locations: Los Angeles, San Francisco, Alto , California, San Mateo , California, Lumia, Seattle, bbergman@insider.com
AdvertisementUnlike other businesses, venture firms do not suddenly go out of business. Why it is so difficult to spot a dying fundOpenView Venture Partners announced in December it was suspending new investments and laying off staff. With the help of Pitchbook, BI looked through data for hundreds of venture firms. Hinge last raised a $19 million fund in 2021 but has not made an investment since November 2022, according to Pitchbook. Do you know of a venture firm no longer actively investing?
Persons: , VCs, Anna Barber, they'll, they're, Roy Bahat, Brian Brackeen, they're reallocating, Beezer Clarkson, Clarkson, Jake Saper, Bahat, Jordan Fudge, Zachary White, Carlos Adame, Fudge, We're, Paul Weinstein, Weinstein, Cofounders Ryan Swager, Brandon Zeuner, Louie, Alsop Louie Partners, Partners Gilman Louie, Stewart Alsop, Jason Preston, Partners Tyler Peterson, Mike Morgan, Robert Patterson, DEFTA, George Hara, Martin Gedalin, Kevin Ober, Hone, Ben Bergman Organizations: Service, Business, Bloomberg Beta, Lightship, Sapphire Partners, BI, Sapphire Ventures, Venture Partners, Foundry Group, Sinai Ventures, Sinai Capital Partners, Capital, San, Louie Partners, Partners, Ventures Peninsula Ventures, LinkedIn Locations: Los Angeles, San Francisco, San Mateo , California, Seattle, Alto, bbergman@insider.com
Arjun Kharpal | CNBCThe Mobile World Congress, the world's largest mobile show, is a place where device makers show off some of their latest innovations. Arjun Kharpal | CNBCTecno showed off an augmented reality glasses product with a video game controller attached. Arjun Kharpal | CNBCXiaomi has spent years talking up its smartphones' camera capabilities. Arjun Kharpal | CNBCChinese firm Tecno showed off a robot dog. Arjun Kharpal | CNBC
Persons: Arjun Kharpal, It's, There's, Oppo Oppo, Kharpal, CNBC Tecno, CNBC Xiaomi, German Shepherd, Tecno Organizations: Mobile, CNBC, Congress, Motorola, China's Lenovo, CNBC Lenovo, Samsung Galaxy, Samsung, CNBC Samsung Locations: Barcelona, Spain, Korean, German
Orthorexia: The clean eating disorder
  + stars: | 2024-03-01 | by ( Madeline Holcombe | ) edition.cnn.com   time to read: +7 min
It was 20 years of an eating disorder and the anxiety and stress that comes with it culminating into one moment, he said. But clinicians are seeing a rise in orthorexia among patients, said therapist Jennifer Rollin, founder of The Eating Disorder Center in Rockville, Maryland. Orthorexia is a fixation on eating “clean,” as defined by a set of rules dependent on certain individuals and the context they live in, said Dr. Jennifer Gaudiani, an eating disorder physician and founder and medical director of the Gaudiani Clinic in Denver. When looking at therapy, check for not only an eating disorder specialist, but one with experience with orthorexia, Rollin said. People with orthorexia may find themselves with a team that includes therapists and dietitians, similar to patients in treatment for other eating disorders, Rollin said.
Persons: Jason Wood, pita, Wood, Jennifer Rollin, , ” Rollin, Orthorexia, Jennifer Gaudiani, it’s, couldn’t, Rollin, Gaudiani, ” Gaudiani, orthorexia, , ” Wood, “ I’m, that’s Organizations: CNN, Disorders, Gaudiani Clinic, National Association, orthorexia Locations: Rockville , Maryland, Denver
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