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Economy
Disney expands cost-cutting plan by $2 billion, posts better-than-expected profit
LOS ANGELES — Disney earnings topped expectations thanks in part to profit at ESPN+ and continued growth at theme parks, but a decline in ad revenue weighed on the top line.Disney…
Amazon adds a new reason to get and keep Prime: member discounts on health-care services
Amazon (AMZN) said on Wednesday that it's offering Prime members a discount on its new health-care service — another perk that should help bring more people into the online…
This S&P 500 stock has the highest return over the past 20 years—it’s not Apple or Tesla
Investors, stop us if you've heard this one before: Past performance is no guarantee of future results.It's a good mantra to keep in mind. Just because a particular investment has…
FDA approves Eli Lilly’s tirzepatide for weight loss, paving way for wider use of blockbuster drug
A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, on March 29,…
Gambino family Mafia crackdown: 16 arrests by New York feds and Italian authorities
FBI agents.Hyoung Chang | The Denver Post | Getty ImagesFederal prosecutors in New York on Wednesday announced the arrests of 10 men allegedly belonging to or associated with the…
Warner Bros. Discovery stock sinks 15% as ad revenue falls, Zaslav warns of ‘generational disruption’
David Zaslav, President & CEO of Discovery Inc.Anjali Sundaram | CNBCWarner Bros. Discovery shares fell Wednesday after the company reported a decline in advertising revenue, a…
OpenAI’s ChatGPT back online after ‘major’ outage
ChatGPT can be a helpful job-hunting tool, if used correctly, according to career coach Sarah Doody.Sopa Images | Lightrocket | Getty ImagesChatGPT, OpenAI's viral chatbot is back…
A ‘sea change’ may be coming for investment advice about 401(k)-to-IRA rollovers, one expert says
Bloomberg | Bloomberg | Getty ImagesWhy Labor Department wants to raise protectionsIn 2020, about 5.7 million Americans rolled a total $618 billion into IRAs, according to most…
Stocks making the biggest moves premarket: Rivian, Warner Bros., Lyft and more
Check out the companies making headlines before the bell. Rivian Automotive — The EV maker popped 8.8% in early Wednesday trading after increasing its production forecast for the…
Mark Cuban gave these ‘Shark Tank’ founders $225,000—a year later, their revenue quadrupled to $1.1 million
When Whitney and Chaz Gates' annual sales more than quadrupled in less than a year, they credited their lead investor: Mark Cuban.On Friday's episode of ABC's "Shark Tank," the…