Despite being burdened by streaming losses and a decline in traditional pay TV, Disney’s media business seems to have turned a corner. The company’s combined streaming services, including Disney+, Hulu, and ESPN+, achieved a milestone by turning a profit for the first time ever, making $47 million. This marks a significant improvement from a loss
Business
Disney announced an increase in prices for its streaming platforms starting mid-October. This means that most plans for Disney+, Hulu, and ESPN+ will see an increase of $1 to $2 per month. The most expensive plans for Hulu, which include live TV, will see a significant increase of $6 more per month. The price hikes
JPMorgan Chase has been making significant strides in expanding its reach across America. Three years ago, the bank became the first to have a branch in all 48 contiguous states. Now, the firm is taking it a step further by focusing on reaching more Americans in smaller cities and towns. This expansion plan is part
Tadge Juechter, the man known as the “godfather” of the modern Corvette, recently retired from General Motors after an illustrious career spanning nearly five decades. His legacy includes overseeing the development of some of the most iconic vehicles in GM’s history, including the new 2025 Chevrolet Corvette ZR1. While Juechter’s retirement marks the end of
In a surprising turn of events, the 2024 Paris Olympics have witnessed a major shift in the way viewers engage with the Games, thanks to the presence of none other than Snoop Dogg. The iconic hip-hop artist has taken on a new role as a sports commentator and entertainer during the Olympics, bringing his unique
In a bold move that signals a shift in the financial landscape, Morgan Stanley has announced that it will be allowing its financial advisors to offer bitcoin ETFs to eligible clients. This decision makes Morgan Stanley the first major Wall Street bank to take this leap into the world of digital assets. The firm’s 15,000
Eli Lilly’s weight loss drug Zepbound has shown significant benefits in patients suffering from heart failure with preserved ejection fraction (HFpEF) and obesity. The late-stage trial data released by the company indicates that patients who took Zepbound were 38% less likely to be hospitalized or die due to heart complications compared to those who received
Online ticket exchange platform StubHub has come under fire recently, as Washington, D.C., Attorney General Brian Schwalb sued the company for allegedly engaging in deceptive and unfair pricing practices. This lawsuit sheds light on the questionable tactics used by StubHub to entice consumers with misleadingly low ticket prices, only to significantly increase the costs during
The air travel industry is constantly evolving, with airlines looking for new ways to attract customers and generate revenue. Spirit Airlines, a Florida-based carrier known for its budget-friendly approach, recently announced plans to offer new ticket categories with added perks. This move comes as the airline faces challenges such as a blocked takeover by JetBlue,
McDonald’s executives recently admitted that many diners feel their prices are too high, especially lower-income consumers. This acknowledgment comes after a period of high inflation, which has led to a decrease in consumer spending at fast-food chains. Despite being considered a value leader compared to other competitors, McDonald’s has seen a decline in same-store sales