Disney's new streaming platform, Disney+, is warning viewers that some of its content may contain "outdated cultural depictions," and going so far to remove the films altogether in some instances.
The big picture: Disney+ has long teased access to the company's oldest and most obscure films. But with a lineup spanning decades, Disney's library isn't squeaky clean, with several films featuring racist tropes and offensive portrayals.
The first televised impeachment hearing drew a sizable audience of about 13 million live viewers, according to early Nielsen ratings released by Fox News on Thursday.
The restaurant industry is increasingly digital. That's good news for tech bros, but it's bad news for restaurateurs.
The big picture: Restaurants have always embodied the perils and the promise of capitalism. Their failure rate is high, but they're also a time-honored way for immigrants in particular to use hard work and entrepreneurial zeal to break into the middle classes.
New polling conducted by Fox News suggests former Vice President Joe Biden would beat President Trump by 12 points in the 2020 general election.
Why it matters: Democratic primary voters are looking to nominate a candidate who can beat Trump in 2020, and Biden may be that person. But we're still a year out from the general election.
The big picture: The AP reports that the retail chain has hired off-duty police officers to staff its stores across the city — a security measure that El Paso's police department spokesman said it had once practiced but discontinued by the time of the shooting.
Disney was the best performing stock in the Dow Jones Industrial Average Wednesday, jumping 7.3% after reporting 10 million subscribers had signed up for its Disney+ streaming platform on opening day.
Why it matters: The stock rose to an all-time high and had its biggest single-session gain since April on a day when the Dow, S&P 500 and Nasdaq were little moved.
Hospital beds are not filling up like they used to, but that doesn't mean hospitals want their beds to be empty.
What they're saying: Even though more patients are being treated in outpatient clinics rather than hospitals, "we'll still be able to keep our beds pretty full," Don Scanlon, chief financial officer at Mount Sinai Health System, said this week at an investor lunch held at Goldman Sachs headquarters in New York City.
DETROIT, Mich. — There's no better symbol of what the American worker's life used to look like than Detroit: A stable, lifelong career at a booming factory, a union membership and a pension.
The big picture: Workers' lives in the future won't look like that. Already, new technologies and the gig economy are breaking down those very forces of stability that defined jobs over the last century — and the future of workers hangs in the balance.
In an age of superstar cities, in which 25 bustling metros account for half the country's economy, some under-the-radar cities and rural areas are thriving.
Why it matters: Much of the country is in search of a playbook that can bring in even a fraction of the riches that have rained on the economic frontrunners.
Today's low-wage workers are concentrated in southern and western states and are often locked out of moving up economically because they can't afford to live in cities that offer better-paying jobs.
Why it matters: Low-wage and entry-level workers are more likely to be negatively affected by automation in the workforce and less equipped to weather an economic downturn, research suggests.
The Walt Disney Company said Wednesday that its new streaming service Disney+ had 10 million sign-ups since it launched Tuesday at midnight.
Why it matters: Disney wouldn't release the number if the company didn't think it represented a major milestone. Disney told investors in the spring that it hopes to reach 60 million to 90 million subscribers by 2024.
Hedge funds again lagged the returns of U.S. stocks as well as a combined fund of 50% global stocks and 50% global bonds in the third quarter and in October, according to data from eVestment.
Why it matters: Hedge funds aim to deliver consistent returns for investors that outperform during times of market stress, but despite increased uncertainty and geopolitical tensions in Q3, the industry saw negative returns on an overall basis.
The S&P 500's bull run over the past 128 months has been impressive, but it is also not well understood, analysts at LPL Financial note.
The intrigue: While the stock market's gains have continued longer than the previous record bull market that Americans witnessed through the 1990s, it has produced far fewer returns for stock investors.
Money managers are not just bullish about the stock market, they're euphoric about the current and future state of the global economy, data from the Bank of America Merrill Lynch shows.
What's happening: BAML's monthly survey of fund managers from around the world finds investors are all in on the stock market, with global optimism rising by the most in 20 years and expectations of real economic growth jumping by the most in the history of the survey.
