Key to Disney's win were two of its largest shareholders, Vanguard and BlackRock. Reports leading up to today's meeting suggested they were voting for management.
Treasury Secretary Janet Yellen said on Wednesday that the U.S. would consider a range of actions to help protect industries threatened by China — including the possibility of trade barriers like tariffs.
Why it matters: It's the strongest signal yet that the Biden administration is willing to take dramatic steps to blunt the economic effect of what officials see as subsidized over-production in China — even if it risks further inflaming tensions between the world's two largest economies.
Another all-time high has just been set in cryptocurrency markets: March was the biggest month on decentralized exchanges (DEXs), according to data provider DefiLlama.
Why it matters: The surge of activity signals the energy is out there again, with investors looking for short-term gains in a market that's generally going up.
It wasn't long ago that forecasters were confidently predicting three Federal Reserve interest rate cuts this year, starting in June, along with an economy gliding in for the softest of landings. Things don't look quite so simple as April gets underway.
Why it matters: A combination of robust data on growth and some hawkish sounds from top Fed officials has led to markets repricing those odds in recent days, shifting the likelihood toward those rate cuts being both shallower and further away.
The legacy of former GE CEO Jack Welch lies in tatters. GE no longer exists — its split into three separate parts concluded Tuesday — and his school of management has barely fared any better.
Why it matters: Welch was the most important CEO of his generation, a man who was richly rewarded for using financial engineering to goose his company's share price at the expense of its employees' jobs.
The fastest-growing form of philanthropy in America is collective giving — where individuals, usually women, pool their funds and their decision-making.
Why it matters: This kind of structured giving provides a glimpse of what a democratic, egalitarian philanthropy looks like.
Changpeng "CZ" Zhao will be sentenced in a federal court in Washington state this month after pleading guilty to one count of violating the Bank Secrecy Act.
Why it matters: CZ and Sam Bankman-Fried (SBF), both founders of enormous and innovative cryptocurrency exchanges, were the two biggest names in the industry through the last boom, and are now both condemned before the courts of the United States.
Treasury Secretary Janet Yellen will travel to China for high-stakes meetings this week — her second trip in less than a year amid ongoing tension between the world's two economic powerhouses.
Why it matters: Yellen plans to press an issue that could further intensify China's strained economic relations with the West: what the U.S. sees as China's overproduction of green technology that the nation could dump on the global market, undermining such industries in the rest of the world.
Tesla's vehicle sales declined in the first quarter at a much faster pace than anticipated, as the automaker grapples with logistical challenges and softening interest in EVs.
Why it matters: As the world's largest maker of premium EVs, Tesla's performance is a close EV market barometer.
The 2022 climate law advanced by Democrats will be hobbled unless policymakers greatly speed up permitting for low-carbon energy projects, International Monetary Fund analysts find.
Washington, D.C., is America's hotspot for app-based work, with drivers or couriers making up 9% of the labor force there.
Why it matters: App-based work offers a flexible way to earn a living or make an extra buck — but many such workers are fighting for better pay, benefits and more.
General Electric — which was the most valuable public company in the world less than two decades ago — finalizes its split into three independent businesses Tuesday.
Why it matters: The house that Thomas Edison built over a century ago, and that Jack Welch expanded into an empire, is officially no more.
