November 15, 20240 Comments

Disney parks profits hit records — even before big expansions

People walk in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty Images All is well in the Magic Kingdom. Disney’s theme park division posted record revenue and profit for fiscal 2024, with revenue rising 5% for the full year to $34.15 billion and operating income up 4% to $9.27 billion. Experiences,

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November 15, 20240 Comments

Health stocks hit after Trump taps RFK Jr for top regulator post

Shares in vaccine makers and healthcare firms around the world slid sharply on Friday, as investors warned that Donald Trump’s choice of Robert F Kennedy Jr as US Health Secretary could pose new challenges to the sector. Kennedy is known as a vaccine sceptic and, if confirmed in the post, has vowed to use it to crack down on “Big Pharma”. The news prompted a sell-off across the industry. In

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November 13, 20240 Comments

What goals the EV maker must hit to receive $5.8 billion

Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  Joel Angel Juarez | Reuters DETROIT — Volkswagen Group increased its planned investment for a joint venture with electric vehicle startup Rivian Automotive to $5.8 billion as the companies have broader aspirations than they initially announced for the team-up. Investors were impressed with the details of the deal, sending shares of

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November 11, 20240 Comments

Global public debt will hit $100 trillion by year-end, says IMF

A man walks past signage for the the 2024 IMF/World Bank Annual Meetings outside of the headquarters of the International Monetary Fund in Washington, DC on October 18, 2024.  Daniel Slim | AFP | Getty Images The International Monetary Fund warned Wednesday that the public debt situation worldwide could be more dire than most think, highlighting skyrocketing fiscal deficits in the U.S. and China. Global public debt will rise above

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November 10, 20240 Comments

US shares, Bitcoin hit record high and dollar soars on Trump win

US shares hit record highs on Wall Street and the dollar posted its biggest gain in eight years as Donald Trump was re-elected to the White House in a historic win. Bitcoin also hit an all-time high, following Trump’s election promise to prioritise the volatile crypto currency. Investors were, however, betting that Trump’s plan to cut taxes and raise tariffs will push up inflation and reduce the pace of interest

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November 9, 20240 Comments

House prices hit record high, says Halifax

Getty Images The average UK house price reached a record high last month, according to Halifax. The UK’s largest mortgage lender said the average price hit £293,999 in October, surpassing a peak of £293,507 that was reached in June 2022. Halifax said it expected prices to continue to rise at a “modest pace” for the next few months. However, it warned that mortgage costs could remain “higher for longer” following

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