The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images Disney might be proving the world's most famous investor wrong. Last year, Warren Buffett, "The Oracle of Omaha," told CNBC's Becky Quick...
China retail sales beat forecasts in October while real estate slump worsens
BEIJING — China on Friday reported strong growth in retail sales and a decline in real estate investment in October, signaling that the country's recent stimulus push has already worked to bolster certain sectors of its flagging economy. Retail sales grew by 4.8% year-on-year, the National Bureau of Statistics said...
Wholesale prices rose 0.2% in October, in line with expectations
Wholesale prices nudged higher in October, though largely in line with expectations and mostly consistent with the Federal Reserve cutting interest rates again in December, the Bureau of Labor Statistics reported Thursday. The producer price index, which measures what producers get for their products, increased a seasonally adjusted 0.2%...
Disney stock surges on streaming growth, guidance
Disney reported its fiscal fourth-quarter earnings Thursday, narrowly beating analyst estimates as streaming growth helped propel its entertainment segment. The streaming business' growth and profitability — combined with a blockbuster summer at the box office and further investments in the company's theme parks business — comes during a time of...