The transformation of Splash Mountain into Tiana’s Bayou Adventure marks a significant shift in Disney’s retheming strategy. Originally announced four years ago, this reimagined water ride is set to reopen on June 28 at Walt Disney World Resort in Orlando, Florida. The new theme takes guests on a journey through the swamps of New Orleans,
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A recent recommendation by a panel of independent advisors to the Food and Drug Administration (FDA) has opened the door for Eli Lilly’s Alzheimer’s drug, donanemab, to potentially receive full approval in the U.S. later this year. This recommendation comes after years of failed attempts to develop effective treatments for the debilitating disease that affects
As an investor, the looming question of when the next stock market crash will occur can be daunting. It’s crucial to understand the elements that typically foster a crash. Historically, a frothy stock market has often preceded market crashes. For example, the Panic of 1907 followed the biggest rally in the history of the Dow
GameStop shares took a significant hit on Monday, dropping by approximately 12%. This decline comes on the heels of a substantial sell-off that occurred last Friday. The stock, which reached about $25 per share on Monday, had already fallen by nearly 40% the previous day. The downward trend was initiated by an underwhelming earnings report
Homeowners across the United States are sitting on near-record amounts of home equity. The total home equity for U.S. mortgage holders has surged to over $17 trillion, making it a lucrative option for those looking to leverage their assets towards financial goals. This increase in equity per borrower, which has risen to approximately $305,000 from
In a recent announcement, Moderna revealed the results of its late-stage trial for a combination vaccine targeting both Covid-19 and the flu. This innovative approach has shown to be more effective than existing standalone shots for these viruses, marking a significant milestone in the world of vaccination. Moderna’s decision to pursue a combination jab sets
The U.S. economy seems to have segmented consumers into categories of individuals with abundant financial resources and those without, including retirees. As Cerulli Associates’ senior analyst Chayce Horton pointed out, there is evidence of a significant wealth transfer occurring between generations. This transfer is estimated to be around $84 trillion by Cerulli and is expected
In a recent survey conducted by BNY Mellon Wealth Management, it was discovered that family offices are transitioning into their own private equity funds, making direct investments into companies at an unprecedented rate. These family offices, which are the private investment arms of wealthy families, are increasingly taking a hands-on approach to investing by buying
The real estate market is no stranger to the allure of iconic homes with famous pedigrees. Buyers often find themselves willing to pay a premium for properties that have a piece of pop culture history attached to them. The exact value of this premium is difficult to quantify, as wealthy buyers might be willing to
The first pick by the Street’s top pros is off-price retailer Burlington Stores (BURL). The company demonstrated positive results for the first quarter of fiscal 2024 and raised both its profit margin and earnings outlook for the year. Jefferies analyst Corey Tarlowe, who reaffirmed a buy rating on BURL, raised the price target to $275