The Walt Disney company is set flood its theme park properties with funds for expansion. In the company's most recent earnings call, Disney parks performed better than anticipated and now the house of mouse wants to continuing building. Cheddar News senior reporter Michelle Castillo has details in the pending $60 billion investment.
Share:
More In Business
Smart Balls! Cryogenic Recovery! Tech is Changing Soccer at Euro 2024
The world’s most popular sport continues to be impacted by rapidly-developing technologies on display at the European championship.
Months Before the Election, the Candidates Are Impacting the Economy
Americans won’t go to the polls until November, but election years tend to benefit stocks – and so far, this year is no exception.
BBTW: Nvidia’s Nvulnerability, Rivian Avoids the Void, and Piracy Is Back!
Our weekly roundup of the biggest stories about the biggest companies in the world's biggest economies.
Mother Jones Publisher Sues OpenAI and Microsoft For “Exploitation”
Another news organization is suing ChatGPT maker OpenAI and its business partner Microsoft for alleged copyright infringement.
US Economic Growth for Q1 Revised Up to 1.4%
The American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022, in a slight upgrade.
Which Retailers Are Out & Proud... And Which Are Not
Find out which brands and retailers have embraced Pride in 2024 and which are quietly taking steps back. Watch!
Good News? Your Bank Is Prepared for Economic Disaster
While consumers might be worried about their finances, the country's biggest banks are prepared to avoid collapse, according to the Fed's stress test.
Watchdog Slams IRS Identity Theft Case Delays as “Unconscionable”
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
A.I. Investments Carry Amazon Over $2 Trillion Valuation Threshold
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
