Disney shareholders recently reelected the media giant’s full board, delivering a blow to activist investors Nelson Peltz and former Marvel CEO Ike Perlmutter. Despite Peltz-led Trian Partners’ efforts to remove two directors, Maria Elena Lagomasino and Michael Froman, shareholders overwhelmingly supported Disney’s current leadership, reaffirming their trust in CEO Bob Iger and the board’s decisions.
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Federal Reserve Chairman Jerome Powell recently discussed the current state of inflation, highlighting the need for policymakers to carefully evaluate the situation before considering any potential interest rate cuts. Powell emphasized that it is premature to determine whether recent price pressures represent a lasting trend or just a temporary increase. He stated that the Federal
The National Student Clearinghouse Research Center has reported that the number of students who started college but then withdrew has been increasing, with over 40 million students currently unenrolled. First-generation college students, minorities, and low-income students are more likely to consider leaving college due to various factors such as financial concerns, loss of motivation, or
Last week, the mortgage rates remained relatively stable, mirroring the previous week’s trend of stagnant mortgage demand. This stagnant trend can be attributed to the high costs associated with purchasing a home and the limited supply in the housing market. Prospective buyers are facing financial constraints due to exorbitant costs, while existing homeowners are finding
The International Your Money Financial Security Survey conducted by SurveyMonkey revealed some alarming statistics regarding financial stress across major economies. A significant number of adults in countries such as the U.S., Australia, Spain, and Mexico reported feeling stressed about their personal finances, with inflation being cited as one of the main reasons. Surprisingly, even countries
On Tuesday, private equity firm Silver Lake made an announcement regarding its acquisition of entertainment company Endeavor Group Holdings. The deal was set at $27.50 per share, causing Endeavor’s stock to rise by more than 2% in the afternoon of the same day. Silver Lake will be acquiring all the shares it does not already
The landscape of housing affordability in the United States is grim, with housing costs soaring far beyond the reach of the average household income. According to a recent analysis by Redfin, the typical American household needs to earn a staggering $113,520 annually to afford a median-priced home, a figure that exceeds the average household income
In recent times, the concept of “quiet luxury” has made a comeback under a new guise known as old money style. Previously, the quiet luxury trend gained traction after Gwyneth Paltrow’s ski accident trial in March, resonating with consumers even amidst financial challenges. The onset of the new year introduced “loud budgeting” as a counterpoint,
Cleveland Federal Reserve President Loretta Mester recently expressed her anticipation for interest rate cuts within this year. However, she made it clear that the upcoming policy meeting in May would not be the venue for such decisions. Mester highlighted the progress made in terms of inflation and acknowledged the continuous growth of the economy. This
As the April 15 federal tax deadline quickly approaches, taxpayers are reminded to be vigilant against potential scams that aim to steal personal and financial information. In the past year alone, the IRS received over 294,000 complaints of identity theft, resulting in more than $5.5 billion in tax fraud. Despite the ongoing efforts of the