Disney stock falls to eight-year low, all pandemic gains have been wiped away

Disney stock falls to eight-year low, all pandemic gains have been wiped away

The Walt Disney Co.’s shares closed Wednesday at their lowest price since before the House of Mouse began releasing “Star Wars” films, as a massive 2022 decline wiped away all their pandemic-era gains and a bit more. Disney DIS, -2.55% stock closed 2.6% lower Wednesday at $84.16, the second worst performance of the day for … Read more

Have We Reached Peak Pinocchio? Fifty Remakes of the Classic Tale Baffle Fans

Have We Reached Peak Pinocchio? Fifty Remakes of the Classic Tale Baffle Fans

Around 50 Pinocchio movies have been released since the classic 1940 Disney film, including, no lie, 1965’s “Pinocchio in Outer Space.” Filmmakers’ unflagging fascination with the wooden boy’s tale may explain why 2022 shaped up as the year America reached peak Pinocchio. Even die-hard fans suspect supply has outrun demand. Three Pinocchio projects have premiered … Read more

Want a better retirement? Add these books to your reading list.

Want a better retirement? Add these books to your reading list.

Want to make the most of the money you’ve saved for retirement, or would you like to maximize your benefits? There are plenty of insightful books to shed light or provide alternative perspectives on all aspects of this next chapter in life.  Retirement Tip of the Week: In preparation for the new year, and all … Read more

Epic Games, Maker of ‘Fortnite,’ to Pay $520 Million to Resolve FTC Allegations

Epic Games, Maker of ‘Fortnite,’ to Pay $520 Million to Resolve FTC Allegations

Epic Games Inc. has agreed to pay $520 million to resolve Federal Trade Commission allegations that the “Fortnite” videogame developer violated online privacy protections for children and tricked players into making unintended purchases. The FTC said the agreement consisted of two record-breaking settlements that resolve a pair of civil complaints it was filing against Epic. … Read more

Food-Delivery Apps Press to Amend New York City Fee Caps

Food-Delivery Apps Press to Amend New York City Fee Caps

Delivery companies Grubhub and DoorDash Inc. DASH 2.33% are pushing for enactment of a bill in New York City that would amend the city’s cap on the fees they can charge restaurants—a measure the companies say is urgent as a new minimum wage for delivery workers takes effect next year. Grubhub retained a former state … Read more

Restaurant Groups Push to Overturn California Fast-Food Wage Law

Restaurant Groups Push to Overturn California Fast-Food Wage Law

Restaurant and trade groups said they have submitted enough voter signatures for a ballot measure to try to halt the implementation of a new California law that would set minimum hourly wages for fast-food workers in the state starting next year. A coalition of restaurant owners and business groups called Save Local Restaurants said Monday … Read more

Blackstone Stake Sale Values MGM Grand, Mandalay Bay at $5.5 Billion

Blackstone Stake Sale Values MGM Grand, Mandalay Bay at $5.5 Billion

Blackstone Inc. has agreed to sell its 49.9% stake in two Las Vegas hotels in a deal that values the properties at $5.5 billion, marking one of the largest U.S. casino transactions this year. The New York investment firm is selling its stake in the MGM Grand Las Vegas and the Mandalay Bay to Vici … Read more

Elon Musk’s Boring Company Ghosts Cities Across America

Elon Musk’s Boring Company Ghosts Cities Across America

ONTARIO, Calif.—The unsolicited proposal from Elon Musk’s tunnel-building venture arrived in January 2020. To the local transportation authority, it felt like finding Willy Wonka’s golden ticket. Officials had started planning for a street-level rail connection between booming Ontario International Airport and a commuter train station 4 miles away, with an estimated cost north of $1 … Read more

'Vermeer's Secrets' Review: A Master Under the Microscope – The Wall Street Journal

'Vermeer's Secrets' Review: A Master Under the Microscope – The Wall Street Journal

‘Vermeer’s Secrets’ Review: A Master Under the Microscope  The Wall Street Journal