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Disney beats forecasts as streaming struggles improve
Disney beats forecasts as streaming struggles improve
Technology
by  AFP

Disney on Wednesday reported higher than expected profit in the final three months of last year as it strives to adapt to a shift from television to streaming. Disney’s direct-to-consumer business, of which Disney+ is part, lost a less than expected $138 million in the last quarter of last year, compared with a loss of $984 million 12 months earlier.

US Fed officials urge patience on interest rate cuts
US Fed officials urge patience on interest rate cuts
Economy
by  AFP

Two US Federal Reserve officials indicated Wednesday that the nation's central bank is on track to tackle inflation, but that it is still too soon to begin lowering interest rates. They have assigned a probability of more than 65 percent that the US central bank will have begun lowering interest rates by the time of its following meeting in May. da/nro