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Stocks rise, Disney surges after hours

Video Credit: Reuters Studio - Duration: 01:28s - Published
Stocks rise, Disney surges after hours

Stocks rise, Disney surges after hours

Wall Street ended higher after a choppy session on Tuesday, but they were capped by declines in AIG and Microsoft.

As Fred Katayama reports, Disney shares shot higher after its adjusted profit handily beat expectations.


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Disney+ is rolling out a new 'GroupWatch' feature, which will help the users enjoy their favourite movies and shows with their friends. According to Deadline, Disney+ announced the news on Tuesday (September 29). As its name implies, GroupWatch lets as many as seven friends (who all have their own Disney+ logins) watch shows or movies together remotely. Unlike the majority of group streaming apps, it works on phones, computers, and TVs through smart TV apps or streaming devices. GroupWatch starts rolling out Tuesday. The users will have to go to the 'Details' page for a piece of content on Disney+ and press the new 'GroupWatch' button there. Mobile and web users can then start a room and send out invites to others; those can be accepted and used on TVs by folks who prefer to watch movies on living displays they spent hundreds of dollars on. Deadline reported that once a stream is started, anyone in the room can control playback, and it will sync automatically for everyone else."Storytelling comes alive when you are able to share and enjoy it with others, and at this moment when many are still apart from their friends and family, GroupWatch offers a way to safely connect virtually by co-viewing your favorite Disney+ stories with your favorite people from the comfort of your living room," Jerrell B Jimerson, SVP Product Management for Disney+, said in a press release. The users can pause the movie or show anytime without any need to seek permission. Additionally, the users can react using six different emojis by opening the Disney+ mobile app during a stream. However, the option for built-in text or video chat is not available. Disney went live with GroupWatch after test runs in Canada, Australia and New Zealand earlier this month.

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Disney to lay off 28,000 employees due to coronavirus pandemic's economic toll

The Walt Disney Co. said Tuesday that it will lay off 28,000 furloughed workers in the company's California and Florida theme parks as it moves to recover from a..
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Disney to lay off about 28,000 parks employees [Video]

Disney to lay off about 28,000 parks employees

Walt Disney Co said on Tuesday it will lay off roughly 28,000 employees, mostly at its U.S. theme parks, where attendance has been crushed by the coronavirus pandemic, especially in California where Disneyland remains closed. This report produced by Chris Dignam.

Credit: Reuters Studio    Duration: 01:12Published

Disney to lay off 28,000 workers due to impact of coronavirus

The Walt Disney Co. said Tuesday that it will lay off 28,000 furloughed workers from its theme parks, stores and cruises as it moves to recover from a sharp..
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Future tax policy, fiscal spending and budget deficit reduction plans are some of the key things Wall Street will be listening for in the first 2020 U.S. presidential debate, chief investment officer Hugh Johnson told Reuters business correspondent Conway G. Gittens.

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Wall Street closes higher in broad rally [Video]

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Wall Street rallied to close sharply higher on Monday as investors sought bargains among sectors hardest-hit by the coronavirus recession, now limping toward its ninth month. This report produced by Yahaira Jacquez.

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Stocks rally; Amazon unveils home drone camera [Video]

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Wall Street ended a volatile session to the upside on Thursday led by a rise in tech shares like Amazon, which unveiled a new indoor drone security video device. Conway G. Gittens has the details

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Wall Street ends lower on stimulus fears

Wall Street's main indexes closed lower on Monday as concerns about new lockdowns in Europe and possible delays in fresh stimulus from Congress raised fears the U.S. economy faces a longer road to recovery than previously hoped for. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:26Published

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Microsoft Microsoft American technology company

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The gaming studio was acquired by Microsoft as part of its $7.5 billion ZeniMax buyout.

Credit: Cover Video STUDIO    Duration: 00:49Published

You can finally pre-order the new Xbox Series Xโ€”but they will sell out fast

You can pre-order Microsoft's new Xbox Series X at Amazon, Walmart, Target and moreโ€”if you hurry.

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Microsoft Buys Bethesda for $7.5 Billion [Video]

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U.S. jobless claims unexpectedly rise [Video]

U.S. jobless claims unexpectedly rise

The number of Americans filing new claims for unemployment benefits unexpectedly increased last week, supporting views the economic recovery from the COVID-19 pandemic was running out of steam amid diminishing government funding. Fred Katayama reports.

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Apple critics unite to challenge App Store fees [Video]

Apple critics unite to challenge App Store fees

A group of Apple's critics - including Spotify Technology, Match Group and "Fortnite" creator Epic Games - have joined a nonprofit group that plans to advocate for legal and regulatory action to challenge the iPhone maker's App Store practices. Fred Katayama reports.

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Even as dealmakers bicker over who will actually own TikTok Global, another question emerged after President Donald Trump agreed over the weekend to keep the wildly popular video-sharing app running in the United States for another week: how can they possibly create 25,000 new jobs in the United States? Fred Katayama reports.

Credit: Reuters Studio    Duration: 02:16Published

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