Walt Disney is caught in a contentious battle with multiple activist investors. Shareholders should come out ahead no matter who the winner is. Right now, there are no fewer than four activists taking aim at the House of Mouse. That should come as no surprise given that Disney stock has lost more than half its
Bitcoin and other cryptocurrencies were falling Wednesday. The crypto sector was giving back gains after a sharp rally to start the year but some analysts see reasons for continued strength. Bitcoin has fallen 0.6% to $45,372 over the last 24 hours. The largest cryptocurrency broke through $45,000 for the first time in more than a year
Bitcoin and other cryptocurrencies were gaining strongly on Tuesday, with the crypto sector kicking off 2024 with a broad-based rally amid expectations that approval of Bitcoin exchange-traded funds will come as soon as this week. Bitcoin has jumped 7.4% to $45,668 over the last 24 hours. The largest cryptocurrency climbed past the $45,000 level for
Liu Jianguo, a 47-year-old teacher in the second-tier city of Guiyang, considers himself lucky. He lives in a sliver of China where the property market isn’t withering. “I have friends in the big cities,” he said. “They are aware they’re in a bad place for buying or selling real estate.” New home prices in China’s
Published: Dec. 29, 2023 at 7:23 p.m. ET CHARLESTON, W.Va. — West Virginia is issuing the first checks from a fund established by the settlement of opioid lawsuits in the state, which has by far the nation’s highest drug-overdose death rate. The Kanawha County Commission said Thursday it received a $2.9 million check and plans to
The number of shorted shares has grown 23% since the end of 2020, but that doesn’t mean traders are getting more bearish about the market. Thanks to an array of initial public offerings and stock splits, the total number of stock shares has ballooned since the end of 2020—which means the relative short interest has
Published: Dec. 27, 2023 at 12:00 p.m. ET By Adriano Marchese Stocks in Toronto were solidly higher in the first trading day in the shortened week following Christmas Day and Boxing Day in Canada. Nearly all sectors were driving the increase in the session, led primarily by health tech, process industries and materials. Consumer durables
Bitcoin and other cryptocurrencies were mixed Wednesday as traders took stock of the recent rally, and appeared to be waiting for more catalysts ahead of expected regulatory approval of exchange-traded funds that hold Bitcoin. Bitcoin has traded up 0.4% over the last 24 hours to $42,726. The largest cryptocurrency has largely traded in a range
Published: Dec. 26, 2023 at 6:11 p.m. ET By Ben Glickman Life Time Group Holdings and Robert Houghton, the company’s finance chief, have agreed that he would resign. The Chanhassen, Minn.-based company said in a regulatory filing Tuesday that Senior Vice President and Controller Erik Weaver would take on the additional position of interim finance
Opinion: ‘All systems go’ for investors as stocks power 2023’s gains into 2024
The stock market, as measured by the S&P 500 Index SPX, has continued to move higher over the past week — ignoring the one big down day (70 points) and putting that in the rearview mirror. SPX has made new 2023 highs, and the all-time highs just above 4800 are within shouting distance. It seems