Business

Why co-CEOs might be a bad idea

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🔥 Discover this awesome post from Business News 📖 📂 Category: 💡 Key idea: As 2025 enters its final months, Disney is closing in on the announcement the entire entertainment industry has been waiting for — who will take over as the company's next CEO, succeeding Bob Iger.Disney She has publicly stated that she will appoint Iger's successor in early 2026. Two internal candidates stand out as the most likely contenders: Disney Entertainment Co-Chairman Dana Walden and Disney Experiences Chairman Josh D'Amaro. Walden brings decades of Hollywood experience. D'Amaro worked in consumer products before being promoted through the theme parks…

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GM will take a $1.6 billion charge related to the recall of electric vehicles

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✨ Check out this must-read post from Business News 📖 📂 Category: 📌 Key idea: The Chevrolet Silverado EV and Chevrolet Bright Drop, assembled in Canada, are on display at the Canadian International Auto Show in Toronto, Ontario, Canada, on February 13, 2025. Carlos Osorio | ReutersDETROIT — GM Next week's third-quarter results will include a $1.6 billion impact from all-electric vehicle plans that didn't pan out as expected. The Detroit automaker said Tuesday morning in a public filing that $1.2 billion of the impact would be non-cash, special fees as a result of modifications to the capacity of its…

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Steps to take if your service provider exits

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✨ Discover this insightful post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Health Insurance,Insurance,Personal Finance ✅ Main takeaway: Key takeaways Major insurers, including Aetna CVS Health, UnitedHealthcare and Blue Cross Blue Shield, are reducing their 2026 Medicare Advantage (MA) offerings. Smaller insurers specializing in certain markets are also terminating their MA plans, largely due to higher expenses and lower reimbursement rates from the federal government for patient care. If your MA plan is cancelled, you can switch to a new plan or Original Medicare during this open enrollment season, following the helpful instructions below. People…

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Consumers are not worried about the shutdown. But they are worried about jobs.

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💥 Read this trending post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Economic News,News ✅ Main takeaway: Key takeaways The Michigan Consumer Confidence Index for October fell from September as survey respondents raised few concerns about the ongoing government shutdown.However, concerns about the labor market pushed the index to its lowest levels since May. The government may be shutting down, but consumers barely noticed it in early October. Michigan's Consumer Confidence Index came in at 55.0 in the preliminary October reading of the closely watched survey, well below September's final reading of 55.1. However, it…

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Prediction Market: Kalshi’s valuation has doubled to $5 billion in just 3 months. And here’s why.

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🚀 Check out this awesome post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Tech Sector News,Company News,News ✅ Key idea: Key takeaways Valuations of prediction markets Kalshi and Polymarket have soared in recent months as online betting platforms expand into new categories and jurisdictions.Pushing them into contracts tied to sporting events, which pits them against more regulated online sports betting operators, has been particularly profitable.Bank of America analysts in a note earlier this week referred to the sports contracts between Calci and Polymarket as “untaxable gambling.” Prediction markets are booming, and so are their valuations.…

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The IRS releases tax brackets and the standard deduction for 2026

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🔥 Read this awesome post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Government News,News ✅ Key idea: Key takeaways The IRS announced that tax brackets for the 2026 tax year increased by about 2.3% to keep up with inflation and ensure Americans pay the same percentage of taxes.The “big, beautiful bill” retroactively increased the standard deduction for the 2025 tax year. For tax year 2026, the increase is expected to be approximately 2.2%.Other tax credits, such as the Earned Income Tax Credit and the Estate Tax Credit, were similarly increased to reflect inflation rates. The…

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Warren Buffett reveals the hidden dangers of low-priced stocks

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🔥 Check out this trending post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Warren Buffett,Business Leaders,Business 💡 Here’s what you’ll learn: Key takeaways A sharp decline in a company's stock price can indicate a potential buyout and a potential red flag. Cheap stocks can be risky stocks, as companies with very low stock prices often have worse financials, making it difficult for them to bounce back. Warren Buffett is famous for saying that risk Volatility is not permanent, it is the possibility of permanent loss. In a letter to shareholders, he offered a compelling corollary:…

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Goldman Sachs (GS) Q3 2025 earnings

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💥 Discover this awesome post from Business News 📖 📂 Category: 💡 Main takeaway: David Solomon, CEO of Goldman Sachs, speaks on CNBC's Squawk Box on April 22, 2025. CNBCGoldman Sachs It is scheduled to report third-quarter earnings before the opening bell on Tuesday.Here's what Wall Street expects:Earnings per share: $11, according to LSEGRevenue: $14.1 billion, according to LSEGTrading Revenue: Fixed Income of $3.19B, Equities of $3.9B per StreetAccountInvestment banking fees: $2.15 billion per StreetAccountGoldman Sachs is expected to benefit from several trends in the third quarter.Trading desks across Wall Street benefited as President Donald Trump's tariff policies rattled bond,…

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JPMorgan Chase (JPM) Q3 2025 earnings

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🚀 Check out this insightful post from Business News 📖 📂 Category: ✅ Here’s what you’ll learn: JPMorgan Chase & Co. CEO Jamie Dimon arrives for a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill on September 22, 2022 in Washington, DC.Drew Angerer | Getty ImagesJPMorgan Chase It is scheduled to report third-quarter earnings before the opening bell on Tuesday.Here's what Wall Street expects:Earnings per share: $4.84, according to LSEGRevenue: $45.4 billion, according to LSEGNet interest income: $24.16 billion, according to StreetAccountTrading revenue: Fixed income of $5.3 billion, equities of $2.97 billion, according to StreetAccountJPMorgan will give…

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What can bank profits tell us about the economy?

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🔥 Explore this insightful post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Earnings Reports and News,Company News,News ✅ Main takeaway: Key takeaways US bank earnings announcements will begin next week, and their results may help investors get a sense of how the economy is performing.Analysts expect banks to remain financially strong in the fourth quarter, thanks in part to the resilience of consumers and businesses.Bank executives are optimistic, buoyed by strong stock market performance, steady consumer spending, and a rebound in initial public offerings and corporate deal-making. However, analysts said this could change if the…

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