Disney finally makes money from streaming. The company’s...
Disney finally makes money from streaming. The company’s streaming business, which includes Disney+, Hulu, and ESPN+, turned a profit for the first time—a quarter sooner than it planned, Disney said yesterday while reporting its quarterly earnings. “We were losing $1 billion a quarter not that long ago,” Disney’s CFO reminded analysts. Movies were also a bright spot, largely thanks to the success of Inside Out 2. But all was not entirely well within Disney’s kingdom as revenues from theme parks—an area the company had been relying on to pick up the slack from others and pouring resources into—came in weaker than expected as demand decreased.
One year after a devastating wildfire tore through Lahaina on Maui, the 151-year-old banyan tree damaged in the blaze is thriving.
Wegovy sales were weaker than Novo Nordisk expected them to be last quarter, leading the maker of blockbuster weight loss drugs to slim down its profit outlook, which sent its stock plummeting.
Warner Bros. Discovery posted a $9.1 billion loss in Q2 tied to the declining value of its linear TV networks.
Lyft’s CEO promised to “open up a can of whoop ass” on surge pricing, introducing a new feature that lets riders pay for a subscription to lock in ride prices for routes at specific times.
Track and field was the thing to watch at the Olympics yesterday as American Quincy Hall pulled off a comeback to clinch the 400m gold.
Benchmark U.S. crude oil for September delivery rose $2.03 to $75.23...
Benchmark U.S. crude oil for September delivery rose $2.03 to $75.23 per barrel Wednesday. Brent crude for October delivery rose $1.85 to $78.33 per barrel.
Wholesale gasoline for September delivery rose 3 cents to $2.36 a gallon. September heating oil rose 6 cents to $2.36 a gallon. September natural gas rose 10 cents to $2.11 per 1,000 cubic feet.
Underground stocks finished the last full week of July at 3,249 Bcf, or 16% above the five-year average, according to the U.S. Energy Information Administration (EIA). There are 14 more weekly government storage reports left for this injection season, including Thursday’s EIA report, for which NGI has modeled a 30 Bcf build.
“On the bull side, you can see that injections have been lean,” veteran gas analyst Thomas Saal said. Market jitters usually appear when inventory scenarios approach the 4,000 Bcf level. “At the rate we're going now, if we put 20 Bcf to 30 Bcf in weekly for the rest of the season, we're not going to have to worry about it.”
Trump making the most of Harris' anti-fracking past
The battle for Pennsylvania...
The battle for Pennsylvania is heating up as former President Donald Trump pounces on Vice President Kamala Harris's past anti-fracking stance to win over the state's voters. While Harris has distanced herself from her previous position to sway energy sector voters, Trump continues to cast doubt on her sincerity, warning, "Remember, a politician always goes back to what their original thought was."
