Disney’s layoff rounds will likely begin before the annual meeting; Cut Details Emerge – Deadline

Deadline EXCLUSIVE: With Disney’s April 3 shareholders’ meeting — a virtual affair this year — less than two weeks away, some clarity is emerging about the company’s plans to cut staff and cut costs. Insiders tell Deadline that multiple rounds of cuts are in the works. The first is targeted for next week, we learn. … Read more

First Republic Bank enlists Lazard’s assistance in reviewing strategic options

Bank of the First Republic FRC 29.47% bolsters its advisory ranks as the troubled lender seeks to stay afloat and plan for a post-crisis future amid a transatlantic crisis of confidence in the banking system. The California bank this week typed Lazard ltd. LAZ 3.23% to assist in the review of strategic options which could … Read more

Dow Jones Futures: the market comes up against the decision of the Fed; GME is soaring late, the Free Republic is collapsing

Dow Jones futures fell slightly after hours, along with S&P 500 and Nasdaq futures, with Nike (OF) and GameStop (GME) post-closing reports. Investors are already eyeing the Federal Reserve’s rate hike decision on Wednesday. X The stock market rally posted strong gains on Tuesday as Treasury Secretary Janet Yellen signaled increased support for banks. Bank … Read more

GME Stock Rockets over 45% on GameStop’s first profit since 2021

GameStop (GME) swept away fourth-quarter earnings expectations on Tuesday, reporting its second positive spell in the past 12 quarters. Expectations were low but, as one of the earliest in the retail phenomenon known as meme stocks, the retailer’s earnings reports often attract unusual attention. GME shares jumped late in the session. X With physical video … Read more

Nike (NKE) third quarter 2023 results

People wearing protective face masks walk past the closed Nike store on 5th Avenue during the coronavirus disease (COVID-19) outbreak in New York City on May 11, 2020. fresh mike | Reuters Nike easily beat Wall Street expectations for its holiday quarter earnings and revenue, although its bloated inventory continued to weigh on its margins. … Read more

Annual sales approach $100 million

Terran Orbital reported fourth-quarter results on Tuesday, posting annual revenue that more than doubled as the company continued to build its order backlog. The Irvine, Calif.-based company said its fourth-quarter revenue reached $31.9 million, up from $27.8 million in the third quarter. Terran Orbital delivered 19 satellites during the fourth quarter, including 10 under a … Read more

SVB Financial Group accuses the FDIC of cutting off its cash

March 21 (Reuters) – SVB Financial Group (SIVB.O) said on Tuesday that the U.S. Federal Deposit Insurance Corporation had taken “inappropriate steps” to cut it off from cash held by its former subsidiary Silicon Valley Bank, which has been seized by regulators to stem a run on national banks. SVB Financial took the charges to … Read more

DeSantis Takes On Digital Currency In Attempt To Ban Federal Effort

Gov. Ron DeSantis, R-Fla., is urging Florida lawmakers to pass a bill that would ban a federal digital currency in his state, calling it an attempt to push “woke ideology,” the Orlando reported Sentinel. At a Monday press conference, Desantis said he was against a Biden administration plan that would consider whether the U.S. government … Read more