The Walt Disney Company (DIS) is partnering up with Fox (FOX, FOXA) and Warner Bros. Discovery (WBD) on a new sports streaming service app. The media giants will each own a one-third stake in the joint venture, set to debut in fall 2024. Yahoo Finance Entertainment Reporter Alexandra Canal breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
The Walt Disney Company (DIS) is partnering up with Fox (FOX, FOXA) and Warner Bros. Discovery (WBD) on a new sports streaming service app. The media giants will each own a one-third stake in the joint venture, set to debut in fall 2024.
Yahoo Finance Entertainment Reporter Alexandra Canal breaks down the details.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith
The Wall Street Journal
South Korea’s LG Chem will supply General Motors with nearly $19 billion worth of cathode materials, part of the U.S. carmaker’s long-term ambitions to become a leader in electric vehicles.
The Wall Street Journal
Bonds issued by Deutsche Pfandbriefbank, a small property lender, sold off on concerns it will have to increase provisions to cover for a potential wave of defaults. Deutsche Pfandbriefbank relies heavily on commercial real estate financing for earnings and the U.S. represents 15% of the bank's portfolio in this area, according to S&P. + The yield on a riskier Tier 2 bond from Deutsche Pfandbriefbank surged, briefly topping 11%. + Debt in Aareal Bank, another small property-focused lender, also sold off.
Bloomberg
(Bloomberg) -- A global benchmark of developed-market stocks rose to a record, with Wall Street’s trillion-dollar technology companies leading the way.Most Read from BloombergChina Replaces Top Markets Regulator as Xi Tries to End RoutHaley Loses Nevada Primary to ‘None of These Candidates’ OptionTrump Denied Immunity in DC Election Case by Appeals CourtXi to Discuss China Stocks With Regulators as Rescue Bets BuildWall Street Snubs China for India in a Historic Markets ShiftThe MSCI World Index
Bloomberg
(Bloomberg) -- Ford Motor Co. is working on inexpensive, small electric vehicles to stem its electric vehicle losses and take on Tesla Inc. and Chinese automakers.Most Read from BloombergChina Replaces Top Markets Regulator as Xi Tries to End RoutHaley Loses Nevada Primary to ‘None of These Candidates’ OptionTrump Denied Immunity in DC Election Case by Appeals CourtXi to Discuss China Stocks With Regulators as Rescue Bets BuildWall Street Snubs China for India in a Historic Markets ShiftChief Ex