Bob Iger poses with Mickey Mouse attends Mickey’s 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles. Valerie Macon | AFP | Getty Images Disney shareholders on Wednesday will settle a long-simmering proxy battle led by billionaire investor Nelson Peltz. Voters will decide whether the company’s board deserves another year together, … Read more
Bob Iger, CEO of The Walt Disney Company, speaks during the grand opening ceremony of Shanghai Disney Resort’s Zootopia-themed attraction at Shanghai Disney Resort on December 19, 2023 in Shanghai, China. Visual China Group | Getty Images Disney’s largest shareholder, index fund manager Vanguard, plans to support management over Nelson Peltz’s Trian Partners in Wednesday’s … Read more
Bob Iger and Nelson Peltz. CNBC In 2015, Nelson Peltz’s Trian Partners was defeated in an activist campaign against chemical firm DuPont, largely because the top three institutional shareholders voted against his slate. Nearly a decade later, those same institutional investors — Vanguard, State Street and BlackRock — are the three largest shareholders in Disney. … Read more
DAVOS, Switzerland — Bitcoin does nothing, JPMorgan Chase CEO Jamie Dimon said Wednesday on the sidelines of the World Economic Forum. “I call it the pet rock,” he added. Dimon is a long-time bitcoin critic. The bank chief said in 2021 at peak crypto valuations that bitcoin was “worthless,” and he doubled down on that sentiment last … Read more
Bitcoin slid on Friday to end what should have been a momentous week for the cryptocurrency, with the launch of 11 bitcoin exchange-traded funds in the U.S. after a yearslong battle for institutional acceptance of the asset. The price of bitcoin dropped nearly 6% to $44,022.22, according to Coin Metrics, pulling most of the crypto … Read more
Bitcoin exchange-traded funds have arrived after a hard-fought battle between the crypto industry and the U.S. Securities and Exchange Commission. Larry Fink, CEO of BlackRock — the biggest asset manager in the world — thinks it’s just the first step toward a new financial world. ETFs were seen as a way to give investors exposure … Read more
Traders work the floor of the New York Stock Exchange. Getty Images Stocks rose slightly Friday as traders parsed through the first batch of fourth-quarter earnings while they digested the second in a pair of closely watched inflation reports this week. The Dow Jones Industrial Average traded 31 points higher, or less than 0.1%. The … Read more
Recep-bg | E+ | Getty Images The U.S. Securities and Exchange Commission on Wednesday approved the first U.S. spot bitcoin exchange-traded funds. But experts urge caution before piling into the long-awaited ETFs. The agency signed off on 11 bitcoin ETF applications, including funds from BlackRock, Fidelity, Ark Invest, WisdomTree and Grayscale. The new investment provides … Read more
Nurphoto | Nurphoto | Getty Images Bitcoin tread water on Wednesday as investors awaited the official U.S. Securities and Exchange Commission approval on spot bitcoin exchange-traded funds, a day after the regulator’s X account posted a false announcement on the highly anticipated news. The price of bitcoin was last lower by more than 2% at … Read more
Omar Marques | Lightrocket | Getty Images It’s cheaper than ever to buy bitcoin. After 10 years of rejections, the U.S. Securities and Exchange Commission on Wednesday approved 11 applications for bitcoin exchange-traded funds submitted by some of the biggest asset managers in the world, including BlackRock and Fidelity. In many cases, investors will pay … Read more
