Author : Stewart Kerr

The Walt Disney Company is reportedly backing away from plans to spin off ESPN, shelving years of speculation that a standalone sports network could help offset the company’s declining cable business.  The decision marks one of the first major calls under CEO Josh D’Amaro, who stepped into the role in......

The United Arab Emirates said Tuesday it is pulling out of OPEC and OPEC+, a move that could reshape production strategy as global oil markets face supply constraints and rising demand expectations. The departure frees the UAE from group production quotas, giving it greater flexibility to increase output and expand......

A group of budget airlines is reportedly seeking financial assistance from the federal government that could convert to an equity stake in the air carriers. The Wall Street Journal reported on Sunday that the group of budget airlines, including Frontier and Avelo, is seeking $2.5 billion in federal assistance through......

United Airlines on Monday announced that it’s ending its pursuit of a potential merger with American Airlines after its rival rebuffed an initial approach to discuss a deal. United CEO Scott Kirby said in a statement published on Monday that he approached American Airlines about a potential merger because he......

Roughly 1,400 people across Nike’s Global Operations team will be laid off, the company announced Thursday. In a memo to employees, Chief Operating Officer Venkatesh Alagirisamy said the cuts will primarily affect Nike’s technology division and span North America, Asia and Europe, representing just under 2% of the company’s global......

American Airlines CEO Robert Isom rejected the idea of a United Airlines merger, telling investors on Thursday’s first-quarter earnings call that it would be bad for all parties. “The idea of the two largest airlines in the world getting together, that is something that we’ve viewed as being anti-competitive and obviously......

Investors are flocking to actively managed exchange-traded funds (ETFs) and recently pushed the amount of assets in the investment class above a notable milestone. Actively managed ETFs surpassed $1 trillion in assets under management in the U.S., as investors look to find investment options that may outperform passive ETFs that......

Most people who delay investing aren’t doing so because they think putting their money into the markets is a bad idea. They’re stuck in front of a confusing smorgasbord of options, afraid to pile the wrong things on their plate and at least a little afraid of looking like they......

Most investors have heard that investing in the S&P 500 is one of the best ways to create long-term wealth. It’s probably the default option in their workplace retirement plan. Even a lot of self-directed investors will put their money in the Vanguard S&P 500 ETF or the iShares Core......

The parent company behind the well-known shopping channels QVC and HSN has filed for Chapter 11 bankruptcy.   QVC Group, which filed in the U.S. Bankruptcy Court for the Southern District of Texas, announced the filing in a press release Thursday, saying the company will undergo a Restructuring Support Agreement......