Disney laying off hundreds of global workers: What to know
Entertainment giant Disney (DIS) announced that it will be laying off hundreds of employees from its global workforce, including workers from its film and television, TV publicity, casting and development, and corporate financial operations segments.
Yahoo Finance senior media reporter Allie Canal outlines Disney's cost-cutting efforts, underlining the media giant's pivot into streaming and away from linear TV.
To watch more expert insights and analysis on the latest market action, check out more Market Domination here.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
35 minutes ago
- Yahoo
Markets digest US-China talks, Tesla stock, Costco May sales
Yahoo Finance host Josh Lipton tracks today's top moving stocks and biggest market stories in this Market Minute, including Tesla (TSLA) shares sliding as Elon Musk continues to criticize President Trump's tax and spending bill and Costco Wholesale (COST) reporting lackluster sales in the month of May. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Silver prices hit 13-year high as dollar weakens amid tariff uncertainty: 'The breakout has been brewing'
Silver (SI=F) prices surged to 13-year highs on Thursday, breaking above $35 per ounce amid uncertainty over President Trump's tariff policy and the continued decline of the US dollar. Spot silver rose to climb above $35.90, its highest level since February 2012, while futures for July delivery (SI=F) jumped more than 4% to hover above $36 per troy ounce. The move follows a recent resurgence in gold (GC=F) prices, which have been driven by trade policy uncertainty and continued central bank demand buying. "The breakout has been brewing for a while," Maria Smirnova, senior portfolio manager and chief investment officer at Sprott Asset Management, told Yahoo Finance on Thursday. "Silver had attempted to break through the $35 level a couple of times in recent months, so this is highly significant." "Furthermore, if the technical move catalyzes physical investor buying, it can take silver much higher very quickly," she added. The market for silver, sitting just above an estimated $2 trillion, is much smaller than gold's more than $22 trillion. That makes the volatility in silver prices up to two to three times greater than that of gold. Read more: How to invest in gold in 4 steps The precious metal also has industrial uses, from electronics to automobile components to solar panels, making prices susceptible to any imbalance between supply and demand as the US moves to increase domestic manufacturing. "We have been talking for a while about the supply/demand deficits in silver, since 2021 there has been a cumulative 800m oz draw and the deficits are projected to continue. Silver has a very positive investment case right now," Smirnova said. A falling US dollar index ( has also sent the price of silver lower, given the inverse correlation between the greenback and precious metals. The greenback has been under pressure in recent weeks amid weariness over increased fiscal US spending as capital shifts toward currencies and stocks abroad. Trump's proposed tax bill, which is said to raise the debt ceiling by $4 trillion, passed the House last month. Year to date, silver is up more than 23%. Gold has risen 29% over the same period. To be sure, StoneX head of market analysis Rhona O'Connell pointed out that silver is "notoriously volatile and it is fully capable of dropping" as sharply as it rises. "This is not necessarily a false move," O'Connell said, "but it is now heavily overbought and should, as always when silver does this sort of thing, be treated with caution." Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices
Yahoo
an hour ago
- Yahoo
Pianists from across the world go for glory at international competition
The world's best young classical piano players are going for glory at an international piano competition in Texas this week. The Van Cliburn International Piano Competition is named for the famed American concert pianist. The competition, held every four years, is considered by some to be the Olympics of the piano world, pitting young pianists from across the globe against each other in a two and a half week event. According to the competition's website, this year had 340 applicants. Only 28 were invited to compete. Six competitors are this year's finalists. Far from home, some find support in their host families in Fort Worth, Texas, who have a front row seat to the music in their homes. Dr. Stephen and Michelle Maberry were a host family for 23-year-old Yanjun Chen, who made it to the semifinals of the competition this year. Practice sessions — sometimes a few hours long — became personal concerts and turned everyday chores into a sweet serenade. "Oh my gosh, it's wonderful. We love the arts. We love the music and so waking up to hearing that or late night hearing it is fantastic," said Michelle Maberry. For David Maberry, the couple's son, the musical alarm clock seemed like a fairy tale. "I wake up and the light is coming through my blinds and it feels like a Disney movie when I wake up in the morning (with this music playing) … it's amazing," he said. Competitors like Chen keep busy schedules, packed with practice time. "I try to pick sections that are difficult then try to practice them slowly and then get to a normal tempo or just imagining that I'm performing just running through the piece helps too," she said. When Chen isn't rehearsing, she spends time with her host family and plays music to relax. "The mom just comes out in you … you just want to nurture them and take care of them and help them and do whatever it takes to help them succeed," Michelle Maberry said. Chen's emotional performance in the first round drew a standing ovation from the crowd. When she stepped off of the stage, Chen signed autographs and spoke with concertgoers before the Maberrys rushed to greet her. "I was probably more nervous for her that she was," Michelle Maberry admitted. "I said you're going to do great. Good vibes, positive energy, and you know what? She knocked it out of the ball park." While Chen's Van Cliburn journey ended in the semifinals, her passion as a pianist will continue. For the Maberry family, the music she left in their home will echo for years to come. Sneak peek: Where is Jermain Charlo? Hegseth orders Navy to rename USNS Harvey Milk, Jeffries calls it "a complete and total disgrace" FEMA, Trump administration react to sources saying chief did not know U.S. had a hurricane season
