Walt Disney’s Pixar Animation Studios has cut 75 positions, including two executives responsible for the underperforming film “Lightyear,” marking the first significant job cuts at the studio in a decade. The layoff, which took place on 23 May, is part of Walt Disney Chief Executive Bob Iger’s plan to eliminate 7,000 jobs and slash $5.5
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The iShares MSCI USA Momentum ETF (MTUM), the biggest momentum ETF, has rebalanced and now has Nvidia as the biggest holding in its portfolio at around 6.3%. However, the fund only rebalances twice a year, meaning it is late to the party for the AI stock. MTUM Performance Struggles According to FactSet data, MTUM did
The Saudi Arabia stocks have caught investor attention over the past few years. The iShares MSCI Saudi Arabia ETF (KSA) has witnessed a year-to-date increase of over 8% and an almost 20% increase over a three-year period. In contrast, the iShares MSCI Emerging Markets ETF (EEM) has only witnessed a 4% increase in 2023 and
The Senate has begun the debate on proposed amendments to a House-approved bill to raise the debt ceiling and cap government spending. Majority Leader Chuck Schumer has said that the chamber would pass the bill on Thursday night. The votes on 11 amendments began at around 7:30 p.m. ET, and were expected to take several
Despite early indications of a recovery in China’s property sector, new data shows that it is still struggling to turn around. An increase in housing prices was observed in May, but sales slowed down significantly. Commercial property, on the other hand, experienced a sharp decline in both pricing and transactions. The poor results in construction,
On Tuesday, the Dow Jones Industrial Average fell as investors awaited a vote on the U.S. debt ceiling. The index lost 70 points, or 0.2%, while the S&P 500 remained near flat, trading above and below the flatline during the session. The Nasdaq Composite gained 0.5% but pared gains after trading up as much as
Wall Street investment banks have predicted an increase in Japanese stocks as they are suddenly back en vogue with global investors. Japan’s Topix, which is the Tokyo Price Index, has marked new peaks in the past two weeks, reaching its highest level since July 1990 on Monday. It has surged by 14% since the beginning
China’s youth unemployment rate has risen to a record high, leaving many college graduates to take on low-paying jobs or settle for jobs below their skill levels. According to official data, urban employment amongst 16- to 24-year-olds in China recorded 20.4% in April, four times the broader unemployment rate, with millions of college students expected
According to reports from Turkish media, Recep Tayyip Erdogan has won Turkey’s 2023 presidential election, extending his rule into its third decade in power after facing the tightest race of his career. The Turkish public broadcaster TRT has declared Erdogan as the winner of the presidential election. State news agency Anadolu’s vote count shows Erdogan
The popularity of Asian language movies and TV shows has been on the rise, thanks to the increasing global demand for such content. The surge in demand is largely due to major streaming services like Netflix and Warner Bros. Discovery’s Max, as well as niche offerings like Rakuten Viki, which focus on Asian entertainment. The