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At Close: Jun 04, 2026
Stocks are stuck in purgatory with the current Fed environment: Zoe Financial CEO
02:42pm, Tuesday, 28'th Mar 2023
Andres Garcia-Amaya, CEO of Zoe Financial, joins 'The Exchange' to discuss the Fed's next rate move, the importance of cash management with asset allocation, and the dangers facing regional banks.
Disney becomes the latest metaverse casualty, scraps its next-generation storytelling unit
02:12pm, Tuesday, 28'th Mar 2023
(Kitco News) - Disney has become the latest globally recognized brand to shutter its metaverse division in an effort to cut costs amid difficult economic times.
Disneyland Paris Reports Record $2.6 Billion Revenue
02:09pm, Tuesday, 28'th Mar 2023
Disneyland Paris made a $51 million operating profit last year on revenue which hit a record $2.6 billion as the lifting of pandemic restrictions and the opening of a new land themed to Marvel super h
Disney scraps metaverse unit in cost-cutting move as wider layoffs loom
02:01pm, Tuesday, 28'th Mar 2023
The division shutdown is reportedly a preamble to the Mouse House's $5.5 billion in cuts and a larger round of workforce reduction that could impact approximately 7,000 employees
Company News for Mar 28, 2023
01:39pm, Tuesday, 28'th Mar 2023 Zacks Investment Research
Companies in The News Are:DISH,CCL,WAL,DIS
Disney Exits the Metaverse: A Bold Move or a Missed Opportunity?
12:59pm, Tuesday, 28'th Mar 2023
Disney's unexpected exit from the metaverse raises questions about the entertainment giant's strategy and the viability of the metaverse itself, as the company focuses on cost-cutting measures.
Disney May Be Entering Deep Value Territory
12:26pm, Tuesday, 28'th Mar 2023
Shares of The Walt Disney Company ( DIS , Financial) have lost their magic in recent years. The media giant's woes began years before the pandemic hit, with the stock ultimately going nowhere for more
Disney eliminates metaverse division in cost-cutting purge: report
11:56am, Tuesday, 28'th Mar 2023
The metaverse is among the first victims of Walt Disney Co.'s cost-cutting purge.
Stop Worrying About Disney Layoffs
11:55am, Tuesday, 28'th Mar 2023
Disney is closing down its metaverse strategies unit, cutting 50 positions in the process. The media giant hopes to achieve $5.5 billion in annual cost savings, and part of that approach involves elim
Disney Axes Metaverse Operations Amid Broader Job Cuts
10:53am, Tuesday, 28'th Mar 2023
Disney is reportedly shuttering its metaverse business as part of a larger round of layoffs. The entertainment behemoth has shut down its division that was working on metaverse strategies as part of a
Disney Unplugs Metaverse Unit During Initial Round Of Layoffs
10:48am, Tuesday, 28'th Mar 2023
Disney has eliminated a small business unit focused on exploring the metaverse, part of its initial efforts to reduce its workforce by about 7,000 employees. About 50 workers were part of the group de
Disney reportedly cuts metaverse division
10:10am, Tuesday, 28'th Mar 2023
CNBC's 'Squawk on the Street' crew discuss recent news from Disney and Meta.
Disney Reportedly Pulls Plug On Metaverse Dreams Amid Harsh Reality Of Cost-Cuts
09:20am, Tuesday, 28'th Mar 2023 Benzinga
Walt Disney Co. (NYSE: DIS) has pulled the plug on one of its units engaged in developing metaverse strategies, as part of its plan to reduce headcount.
What Happened: Disney shuttered its metaverse
Disney reportedly cuts metaverse division under Iger's restructuring
09:16am, Tuesday, 28'th Mar 2023
Disney has cut its metaverse division as part of the layoffs that will begin this week, according to the Wall Street Journal.
Disney Layoffs 2023: DIS Stock Is in Focus as Job Cuts Start
09:13am, Tuesday, 28'th Mar 2023
Disney (NYSE: DIS ) stock is in focus on news that the company has started to enact job cuts. These layoffs were previously announced in the context of the conglomerate's overall turnaround plan.
