Activist investor to Disney: Double streaming content budget

Walt Disney Co. has already made a high-stakes bet to transform itself into a streaming video giant with Disney+. Now, with the COVID-19 pandemic still ravaging the entertainment industry, one of the most prominent activist investors is telling the company to double down.

Daniel Loeb, founder of hedge fund Third Point, wrote in a Wednesday letter to Disney Chief Executive Bob Chapek that the Burbank-based entertainment colossus should permanently cancel its annual dividend and funnel the savings to its streaming efforts.

By suspending its $3-billion dividend, Disney could “more than double” its budget for producing and acquiring content for its

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Premarket stocks: Investors are still in the dark as Trump returns to the White House

What’s happening: Trump, who remains heavily medicated, is still infected with the coronavirus. However, his physician Dr. Sean Conley said it had been 72 hours since Trump’s last fever and that his oxygen levels were normal, insisting that the president met the criteria to be discharged.

Optimism about Trump’s condition, along with stimulus hopes, drove a sharp recovery in stocks on Monday. The S&P 500 finished 1.8% higher, while the Nasdaq Composite gained 2.3%.

Yet tons of variables remain, preventing the momentum from spilling over into another trading session.

Investors don’t have great information to work with. Conley — who … Read more

Tips for Selling Your Home in the Fall

Once the summer is over, there are going to be fewer people looking to buy a home, but you can still sell your property. There are pros and cons of selling your home in all the different seasons. You may be asking yourself if it is better to sell your home in the fall or in the winter.

Selling your in the fall doesn’t necessarily mean it will be more difficult, but there are some things you can do to improve your chances. There are some tips to help you prepare your home to sell in the fall.

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Nikola shares surge as much as 31% after management confirms production targets

Nikola Motor Company Badger pickup truck

Source: Nikola Motor Company

Nikola shares surged on Thursday, one day after the company said its production timeline and factory plans remain on track amid widespread investor anxiety regarding the company’s business as well as its planned deal with General Motors.

The stock soared by as much as 31% at one point in the day, before ultimately closing with a gain of 17.7%. But the jump does little to dent the stock’s recent weakness; shares have tumbled 37% in the last month.

Short-selling firm Hindenburg Research accused the company of fraud in a scathing

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The News Investors Should Be Watching

Today, the headlines were dominated by two stories. The first was that President Trump has tested positive for the novel coronavirus. This news, which has been credited with knocking down the markets, generated the most interest—and the most fear. The second story was that job growth continues to slow. Although this news will have a bigger impact over time, it has generated much less attention. Is this a classic example of what makes the headlines versus what really matters? Let’s take a closer look.

Markets React to Presidential Matters

Let’s start with the president. This news could

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