Mostly disappointing climate conference ends with a single breakthrough. Delegates...
Mostly disappointing climate conference ends with a single breakthrough. Delegates at the COP27 climate summit in Egypt agreed to create a fund that will compensate lower-income nations for losses and damages they suffer from weather disasters fueled by greenhouse gas emissions spewed by richer nations. But despite that step forward, leaders did not agree to any more ambitious targets for emissions cuts, which would help prevent future costly disasters from happening in the first place.
Markets: It’ll be a short but stuffed (get it) week for investors. In the lead-up to Thanksgiving, when markets will close, we’ll get another batch of earnings reports and minutes from the previous Fed meeting. Traders will have to clock in on Black Friday for a half day.
🐭Disney shocker: Robert Iger to return as CEO, Bob Chapek ousted
In a stunning reversal, the Walt Disney Co. ...
In a stunning reversal, the Walt Disney Co. DIS, +0.38% announced Sunday night that Chief Executive Bob Chapek was out, and will be replaced by his predecessor, Robert Iger.
“We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic,” boardf chair Susan Arnold said in a statement. “The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the Company through this pivotal period.”
“Mr. Iger has the deep respect of Disney’s senior leadership team, most of whom he worked closely with until his departure as executive chairman 11 months ago, and he is greatly admired by Disney employees worldwide–all of which will allow for a seamless transition of leadership,” she said.
Benchmark U.S. crude oil for Decemberdelivery fell $1.56 to $80.08 a barrel Friday. Brent crude for January delivery fell $2.16 to $87.62 a barrel.
Wholesale gasoline for December delivery fell 3 cents to $2.42 a gallon. December heating oil was unchanged at $3.52 a gallon. December natural gasfell 7 cents to $6.30 per 1,000 cubic feet.
