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Billionaire Nelson Peltz Sells Entire Disney Stake After Board Fight, Raking in $1 Billion

Billionaire Nelson Peltz Sells Entire Disney Stake After Board Fight, Raking in $1 Billion

Billionaire activist investor Nelson Peltz has sold his entire stake in Walt Disney. Billionaire activist investor Nelson Peltz sold his entire stake in Walt Disney on Wednesday following a contentious boardroom dispute with the media giant, according to a person familiar with the matter.


Chinese Man Arrested as Cybercrime Ringleader in US-Led Bust; Luxury Assets Confiscated

The US and its allies arrested a Chinese man accused of leading a global cybercrime network, seizing millions in assets, involved in defrauding the American government of billions of dollars during the COVID-19 pandemic.

US Refuses to Comment Bombs Dropped in Rafah are American-Made

Top US officials have refused to comment whether American-made munitions were used at an Israeli airstrike that left 45 people dead and 200 more injured.

North Korea's Rare Critique of China Signals Discord Over Nuclear Weapons

North Korea's criticism of China's involvement in discussions on the Korean Peninsula's denuclearization highlights a divergence in views between the two countries.


Latest News

Boeing Clinches $7.5 Billion Deal to Develop 'Smart' Bombs for US Military
Boeing has secured a $7.5 billion contract from the US government to convert unguided bombs into Joint Direct Attack Munitions (JDAMs).
American Airlines Suspends Employees Involved in Removal of Black Passengers Due to False Body Odor Complaint
American Airlines CEO Robert Isom addressed the departure of Commercial Chief Vasu Raja and acknowledged the airline's financial challenges, including a significant downgrade in its earnings forecast for the current quarter.
Meta to Remove Posts Targeting Jews as 'Zionists' Amid Policy Update
Meta revealed that it discovered "likely AI-generated" content on Facebook and Instagram, deceptively posted by accounts impersonating various citizen groups to praise Israel's handling of the Gaza conflict.
Massive Ticketmaster Data Breach Leaks Over Half a Billion User Data; Hackers Sell Stolen Details for $500K
Ticketmaster was hit by a massive data breach while facing a lawsuit filed by the US Justice Department. Is this karma?
Queen's Music Catalog To Be Purchased by Sony; Electronics Giant In Talks With Investor To Make Billion-Dollar Acquisition
Sony wants to purchase Queen's music catalog. The electronics giant is willing to pay $1 billion to acquire it.
Chinese Supersized Snack Store To Make More Customers Happy By Opening New Store in Changsha
Chinese supersized snack store Lingshi Henmang will open a new store in Changsha amid the continuous arrival of happy customers.
Low Yields Cause Orange Juice Prices To Soar In U.S.
Amid record-high prices and concerns over a faltering Brazilian harvest, orange juice producers weigh options like mandarins.
Chain Retailer Abercrombie & Fitch Sales Decline Seven Percent In Second Quarter
Abercrombie & Fitch sees a share surge after beating first-quarter sales estimates, attributed partly to their '90s fashion trend strategy.
American Airlines Shares Drop—Is CCO Departure To Blame?
American Airlines shares drastically dropped. Is the departure of its CCO to blame? Here are the latest details you need to know.
YEMEN-CONFLICT-ENVIRONMENT-OIL-SAFER
Oil prices are experiencing fluctuations as traders wait for OPEC+'s decision due to another second ship attack in the Red Sea.
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