Tags : business

Shanghai Disneyland to reopen on May 11

[ad_1] Disney will reopen its Shanghai theme park on May 11, the company said during an earnings conference call on Tuesday. The park has been closed since January 25. Disney reopened Disneytown, Wishing Star Park and the Disneyland Hotel in Shanghai in March. This will be the first Disney theme park to reopen after being […]Read More

Pinterest (PINS) earnings Q1 2020

[ad_1] Pinterest CEO Ben Silbermann speaks in conversation with Matthew Lynley of TechCrunch during the TechCrunch Disrupt SF 2017 on September 18, 2017 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Shares of Pinterest fell as much as 9% in after-hours trading on Tuesday after the company reported disappointing user […]Read More

Disney (DIS) Q2 2020 earnings

[ad_1] Bob Chapek, chairman of Walt Disney Parks and Experiences, speaks during a media preview of the D23 Expo 2019 in Anaheim, California, Aug. 22, 2019. Patrick T. Fallon | Bloomberg via Getty Images Disney is set to report its Q2 2020 earnings after the bell on Tuesday. The coronavirus pandemic has disrupted Disney’s theme parks […]Read More

Oil jumps 14% in fifth day of gains on demand

[ad_1] Workers operate a drilling rig for an EBR Energy LP natural gas well near Columbus, Texas. Scott Dalton | Bloomberg | Getty Images Oil prices surged on Tuesday as optimism around ongoing production cuts and a recovery in demand with the reopening of economies around the world pushed prices higher. West Texas Intermediate, the […]Read More

Wayfair (W) earnings Q1 2020

[ad_1] Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Online furniture retailer Wayfair‘s net loss widened in the first quarter as its sales surged nearly 20%, with more people flocking to its website to furnish their home offices and bedrooms during the coronavirus pandemic.  Its shares were down more than 3% in premarket trading following the announcement.  […]Read More

Some retailers too broke to go bankrupt

[ad_1] Store-closing sales are crucial to the nation’s retail economy: They help liquidate slow-to-sell inventory, and in many cases, they fund a company’s operations through bankruptcy. Without liquidation sales, retailers would find it much tougher, if not impossible, to stay in business during a reorganization. The coronavirus pandemic is making retail bankruptcies more likely. But, […]Read More

Buffett’s airline dump is a wake-up call for index investors

[ad_1] Warren Buffett’s decision to dump airline stocks is an unusual move for the long-term focused investor and could be a reckoning for index investing, CNBC’s Jim Cramer said Monday. U.S. airline stocks sold off during the trading day as investors learned that the Oracle of Omaha said Berkshire Hathaway offloaded its big positions in American, […]Read More