Author: Editor

A new Disney theme park is coming to Abu Dhabi.The Walt Disney Co. announced Wednesday that it has reached an agreement with immersive destination and experiences company Miral to bring a park and resort to Yas Island in the United Arab Emirates.This will be Disney’s seventh theme park resort and it will be fully developed and built by Miral. Disney’s imagineers will lead creative design and operational oversight on the project. The entertainment giant will not be investing capital in the project, but will reap the benefits of royalties.The development in Abu Dhabi is not part of the $60 billion that…

The New York Stock Exchange is seen during morning trading on July 31, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty ImagesLast year, banks quickly raised interest rates to record levels and added new monthly fees on credit cards when a Consumer Financial Protection Bureau rule threatened a key revenue source for the industry.Now, they’re far more reluctant to reverse those steps, even after bank trade groups succeeded in killing the CFPB rule in federal court last month.Synchrony and Bread Financial, two of the biggest players in the business of issuing branded credit cards for the likes…

Daytime fireworks launch over Cinderella Castle during a performance of “Mickey’s Magical Friendship Faire” in the Magic Kingdom at Walt Disney World, Bay Lake, Florida, April 30, 2024. (Joe Burbank/Orlando Sentinel/Tribune News Service via Getty Images)Orlando Sentinel | Tribune News Service | Getty ImagesDisney will report its fiscal second-quarter earnings before the bell on Wednesday, and Wall Street will be paying close attention to the state of its streaming and theme parks businesses.Investors will also be listening for any details on the search for CEO Bob Iger’s successor.Here is what Wall Street expects Disney to report on Wednesday, according to…