cnbc_usnews

Here's what to expect when Disney reports earnings before the bell

📰 source: cnbc_usnews · 💼 business

disney reports fiscal third-quarter earnings before the bell wednesday — the first report since josh d'amaro took over for bob iger as ceo about five months ago. wall street expects eps of $1.86 and revenue of $25.40 billion, per lseg. d'amaro's growth strategy, laid out last quarter, centers on investing in intellectual property and using tech to improve storytelling, aimed at boosting theme parks and streaming.

investors are also watching for updates on layoffs and cost cuts — the most recent round reportedly hit divisions including espn in july. theme parks remain a key profit driver, but disney's peers have felt pressure from the u.s.-israel conflict with iran and higher oil prices. comcast's nbcuniversal cited 'weakness in consumer sentiment and higher travel costs' for lower orlando attendance. disney says domestic park demand is still healthy, with higher guest spending.

on streaming, the focus is on subscriber and ad growth for disney+ and espn's direct-to-consumer app, which launched nearly a year ago.

why it matters: disney's first earnings under new ceo d'amaro will test whether streaming and parks can offset macro headwinds and cost cuts.

source: cnbc_usnews
sentiment: +0.00 · impact: 0.60

Surprise fall in US jobs last month as slow summer continues

📰 source: bbc_business · 💼 business us jobs fell by 23,000 last month, against forecasts for an 80,000 gain, with the bureau of labor statistics also revising down may and june payrolls by a combined 103,000. the unemployment rate still dipped to 4.1% from 4.2%, as labor

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

📰 source: cnbc_topnews · 💼 business homes sold for less than their asking price in 38 of the 50 largest u.s. housing markets in june, per redfin. the biggest discounts hit florida and texas: miami and west palm beach averaged nearly 5% below asking, while houston, austin, tampa, dallas, san antonio,

China is gaining ground in AI. But the U.S. still has a major advantage

📰 source: cnbc_topnews · 💼 business hugging face ceo clément delangue told cnbc china is clearly dominating on open models and could start dominating at the frontier by end of this year or next. chinese models are closing the gap with u.s. frontier systems despite limited access to cutting-edge compute. beijing-based

US strikes $1.2bn deal to pay German firm to halt offshore wind projects

📰 source: bbc_business · 💼 business rwe will abandon its offshore wind projects in the us after accepting a $1.2bn payout from the department of the interior. the german energy firm said it will reinvest the money into gas projects, including $900m for an lng export terminal in louisiana. rwe will

Read more

Surprise fall in US jobs last month as slow summer continues

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

China is gaining ground in AI. But the U.S. still has a major advantage

US strikes $1.2bn deal to pay German firm to halt offshore wind projects