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Disney plans to spend billions in Florida despite DeSantis fight

Handout | Getty Images Entertainment | Getty Images Despite its battle with Gov. Ron DeSantis, Disney remains committed to the state of Florida. The media and theme park juggernaut is set to invest $17 billion in central Florida’s Walt Disney World hub over the next decade, which includes the potential …

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Nvidia’s big break has been a long time coming, Jim Cramer says

Wall Street may be shocked by Nvidia‘s record-breaking move on Thursday, but not CNBC’s Jim Cramer. Cramer told investors he’s had faith in the software company for years — even renaming his dog Nvidia in 2017 — because of its “predictably fabulous” CEO Jensen Huang, who Cramer said has been …

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TikTok Shop, a rising threat to Shopee and Lazada in Southeast Asia

A merchant sells crystal ornaments via a live TikTok broadcast. CFOTO | Future Publishing | Getty Images TikTok Shop is a rising threat to major e-commerce players such as Shopee and Lazada in Southeast Asia. It comes as its parent ByteDance pushes the short video app in markets outside the …

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Student loan payments likely to restart soon. Here’s how to prepare

Nikola Stojadinovic | E+ | Getty Images 1. Connect with your servicer During the Covid-19 pandemic, several of the largest companies that service federal student loans announced they’ll no longer be doing so, meaning many borrowers will have to adjust to a new servicer when payments resume. Three companies that …

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Price bubble in AI stocks will wreck rally: economist David Rosenberg

Investors piling into stocks with artificial intelligence exposure may pay a hefty price. Economist David Rosenberg, a bear known for his contrarian views, believes enthusiasm surrounding AI has become a major distraction from recession risks. “No question that we have a price bubble,” the Rosenberg Research president told CNBC’s “Fast …

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House Democrats reintroduce bill targeting stock buybacks

U.S. Representative Jesus Garcia (D-IL) speaks in opposition to Title 42 during a news conference outside the U.S. Capitol in Washington, U.S., April 28, 2022.  Elizabeth Frantz | Reuters WASHINGTON — House Democrats on Thursday reintroduced a bill that would ban open-market stock buybacks, weeks after the Securities and Exchange …

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Amazon’s air cargo head will now oversee workplace safety unit

A wide body aircraft emblazoned with Amazon’s Prime logo lands at Lehigh Valley International Airport in Allentown, Pennsylvania, U.S. December 20, 2016. Picture taken December 20, 2016. To match Insight AMAZON.COM-SHIPPING/ REUTERS/Mark Makela REUTERS/Mark Makela Sarah Rhoads, who was responsible for Amazon‘s burgeoning air cargo business, is shifting roles to …

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JPMorgan developing ChatGPT-like A.I. investment advisor

Jamie Dimon, chief executive officer of JPMorgan Chase, is planning his first visit to mainland China in four years as the American bank prepares to host three conferences in Shanghai at the end of May. Giulia Marchi | Bloomberg | Getty Images JPMorgan Chase is developing a ChatGPT-like software service …

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Gap GPS Q1 earnings report 2023

The Gap logo is displayed at a Gap store on April 25, 2023 in Los Angeles, California. Mario Tama | Getty Images Gap reported another quarter of net losses and declining sales across its four brands but the retailer insisted it’s making progress – and has managed to significantly improve …

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Asian Americans in Hollywood hope recent Oscar wins spark change

Brianna Somera wasn’t always sure she was cut out to be a director. The 21-year-old grew up dancing and singing and wanted to make music videos, but she also didn’t see a lot of people like her onscreen. It wasn’t until the 2018 release of “Crazy Rich Asians,” the first …

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