(Reuters) - The grandchildren of Roy and Walt Disney (NYSE:DIS), founders of Walt Disney Co, have backed CEO Bob Iger and the board, while opposing activist investors encircling the company. The four grandchildren of Roy Disney - Roy P. Disney, Susan Disney Lord, Abigail E. Disney and Tim Disney - in an open letter to...
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) -The S&P 500 and Nasdaq closed at record highs and the global equity index advanced on Thursday after a much anticipated U.S. inflation reading provided little surprise for relieved investors and helped push U.S. Treasury yields lower. The Nasdaq registered a record closing high for the...
By Munsif Vengattil and M. Sriram BENGALURU (Reuters) - A Disney-Reliance assets merger in India will create a media giant far bigger than all its rivals, boosting billionaire Mukesh Ambani\'s entertainment ambitions with streaming tech prowess and lucrative cricket rights. Disney and Reliance on Wednesday put a value on their joint TV and streaming assets...
By Tatiana Bautzer, Nupur Anand and Shivansh Tiwary (Reuters) - New York Community Bancorp (NYSE:NYCB) replaced its CEO, reported a fourth-quarter loss that was more than 10 times what it previously stated and disclosed faults in its financial reporting in filings on Thursday that sent its shares tumbling. The bank named Alessandro DiNello, executive chairman...
Gemini has reached a settlement in principle with Genesis, detailing a plan to distribute $1.8 billion to Earn users, with the process starting within two months, pending court decision. In a recent announcement by Gemini, the crypto exchange outlined its in principle agreement with Genesis, aiming to resolve the Earn program‘s disruption. Gemini’s Asset Recovery...
Social messaging app Telegram is introducing an advertising platform that enables channel owners to receive rewards in Toncoin. The Telegram Ad Platform will officially launch in March to advertisers in nearly 100 countries, CEO Pavel Durov announced Wednesday. “Channel owners in these countries will start receiving 50% of any revenue that Telegram makes from displaying...
Asset managers Ark Invest and 21Shares have announced a collaboration to enhance transparency for their ARK 21Shares Bitcoin ETF (ARKB) by integrating Chainlink’s Proof of Reserve platform to verify holdings data. Announced Wednesday, the Chainlink integration aims to provide investors with real-time, verifiable insights into the ETF’s holdings. Ark Invest and 21Shares Integrate Chainlink to...
Romance scams were a brutal driver of illicit crypto activity last year, according to blockchain investigators at Chainalysis. The blockchain intelligence platform’s 2024 Crypto Crime Report states that so-called “pig butchering scams” nearly doubled their revenue in 2023 compared to 2022, and have already multiplied by 85X since 2020. The Size Of Crypto Romance Scams...
In the first two months of 2024, hacks across the Web3 space cost over $200 million, according to the latest report by Immunefi, the blockchain cybersecurity platform protecting over $60 billion in assets. In February, the losses amounted to nearly $70 million. According to the ‘Crypto Losses in the February 2024 Report,’ Web3 has lost...
Lawyers for disgraced former FTX CEO Sam Bankman-Fried (SBF) have argued that judges should consider their client’s autism traits when deciding his prison sentence. SBF faces a maximum of 110 years between seven counts of money laundering, wire fraud and securities fraud. However, his defense team argues a sentence of 5-to-6.5 years if fairer, as...