There are no fireworks over Cinderella Castle these days, and yet investors remain captivated by Walt Disney Co. Are they caught up in fantasy? The whimsical palace overlooking Disney’s Magic Kingdom in Orlando, Florida, has long stood as a symbol of the company and its status as both a source of enchantment and an impenetrable fortress in the entertainment world. ...

It’s finally here. After an investigation that lasted more than a year, a US House antitrust subcommittee has come up with a robust game plan to rein in the biggest tech giants. In a report, the panel accused Amazon.com Inc, Apple Inc, Facebook Inc and Google parent Alphabet Inc — whose collective market value is more than $5 trillion — ...

President Donald Trump has told his team to stop discussing a new stimulus package until after the election. He should pay closer attention to what Jerome Powell said to the National Association for Business Economics a few hours before. Without additional fiscal stimulus, Powell warned, the economic recovery might very well falter. What the Federal Reserve chairman called “normal recessionary ...

Bloomberg With millions of Americans still sheltering in place and cooking their own meals, the grocery industry has been one of the few bright spots in an otherwise battered US economy. Unless, that is, you are Whole Foods Market, the upscale chain acquired three years ago by Amazon.com Inc. Trips to Whole Foods in September were down 25% from a ...

Bloomberg AirAsia X Bhd’s restructuring plan was met with bleak forecasts and ratings from analysts as well as a 10% drop in its share price, underscoring the daunting challenges that lie ahead for the grounded carrier. Public Investment Bank Bhd maintained its underperform rating and 1 sen price target on the airline, the long-haul arm of AirAsia Group Bhd. Max ...

Bloomberg Airbus is betting that its corporate-jet division won’t be as hard hit by the pandemic as commercial flights as the planemaker unveiled a business version of its A220 model. The aircraft will have three times more cabin space and cost about a third less to run than competing models, said Airbus, which took over the development of the plane ...

Bloomberg Democratic presidential nominee Joe Biden stood in front of the Civil War battlefields of Gettysburg to offer a pledge to unify the country as his campaign entered its final four weeks and his support appears to be growing. “Today, once again, we are a house divided,” Biden said using a phrase made famous by President Abraham Lincoln. “This must ...

Bloomberg The US Embassy in Phnom Penh said on Wednesday it was “disappointed” Cambodia had razed an American-built military facility that symbolised friendship between the countries. Located within the Ream Naval Base along Cambodia’s southwestern coast, the US-funded maritime security facility was reported to have been demolished last month, raising concerns it was done to facilitate hosting Chinese soldiers and ...

Bloomberg Lesotho’s government is seeking to regulate online behaviour with a law compelling social-media users to obtain a so-called internet broadcasting allowance, as unease about digital platforms grows in some African countries. Under the proposed bill, an internet broadcaster is anyone who posts any text, image or photograph that’s accessible to at least 100 users or anyone who has more ...

Bloomberg Angela Merkel and her European allies are preparing to retaliate against Vladimir Putin’s government over the poisoning of one of his top critics but their plans may not make much of an impression on the Kremlin. Although countermeasures are all but inevitable, the European Union action may consist of asset freezes and travel bans for Russian officials, according to ...