Comment on Fed rate cuts are arriving too late and layoffs show the US economy is already in a recession, bond king Jeff Gundlach says

Shares rose on Thursday after the entertainment giant reported strong earnings and a rosy outlook for the future. Shares in the Walt Disney Company (NYSE: DIS) are rising this morning after the company reported its Q4 2024 earnings before the bell. As of the time of this writing, DIS shares are up over 6.5% in premarket trading to $109.41.

Observers say Trump’s approach to appointments has been noticeably more efficient than eight years ago. In staffing his incoming administration, President-elect Donald Trump has so far veered from the conventional to the confounding. But his choices all seem to have one thing in common: A bond with Trump himself.

Through his partnership with Doodles, Pharrell is taking over McCafe cups this holiday season to drop digital collectibles. Starting November 18, all McCafe drinks across the U. S. will be delivered in a festive cup adorned with cartoony Doodles characters—an encompassing NFT media brand anointed by Pharrell Williams. Williams is seemingly everywhere these days.

That probe effectively ended when Matt Gaetz resigned from Congress. President-elect Donald Trump’s pick for attorney general, Rep. Matt Gaetz of Florida, was once embroiled in a sex trafficking investigation by the Justice Department he’s been tapped to lead, and has been under scrutiny by the House Ethics Committee over allegations including sexual misconduct.

By DAVE COLLINS The satirical news publication The Onion won the bidding for Alex Jones’ Infowars at a bankruptcy auction, backed by families of Sandy Hook Elementary School shooting victims whom Jones owes more than $1 billion in defamation judgments for calling the massacre a hoax, the families announced Thursday. “The dissolution of Alex Jones’ assets and the death of Infowars is the justice we have long awaited and fought for,” Robbie Parker, whose daughter Emilie was killed in the 2012 shooting in Connecticut, said in a statement provided by his lawyers. The sale price was not immediately disclosed. Jones confirmed The Onion’s acquisition of Infowars in a social media video Thursday and said he planned to file legal challenges to stop it.

In an unexpected turn, Green Dragon, one of the largest dispensary chains in Colorado, will keep its stores and grow facility open. The retailer’s parent company, California-based Eaze, got an infusion of $10 million from its owner, Jim Clark, to remain operating, it announced Tuesday. Clark, the billionaire founder of the defunct tech firm Netscape, foreclosed on the company’s assets in August for $54 million. “We’ve just been working with the new ownership group to assess what we’re doing in the future,” said Cory Azzalino, Eaze’s CEO.