Tag Archives: NYSE

PIXAR to cut 20% of jobs this year

NYSE-Disney

Important Takeaways:

  • Walt Disney’s Pixar Animation Studios is set to cut jobs as the studio has completed production on some shows and now has more staff than it needs, a source familiar with the situation told Reuters on Thursday.
  • TechCrunch reported earlier that Pixar was set to undergo layoffs as high as 20% this year, with the studio’s team of 1,300 people reduced to under 1,000 over the coming months.
  • Pixar’s Emeryville studio in California had hired staff to complete streaming series and as those shows complete production it has more staff than it needs, the source added.
  • Disney did not immediately respond to a Reuters request for comment.
  • Disney CEO Bob Iger, who was brought back in 2022 to turn the company around, has signaled the company will reduce streaming content it makes itself in a bid to keep a lid on costs, and will license shows and movies from third parties
  • Pixar is famous for cinematic franchises including “Toy Story”, “The Incredibles” and “Finding Nemo”.
  • Disney acquired Pixar in 2006 to revitalize its struggling Disney Animation.

Read the original article by clicking here.

Harry Dent says 2024 will bring ‘Biggest crash of our lifetime’

NYSE-Crash-2024

Important Takeaways:

  • Harry Dent warns an ‘everything bubble’ will burst in the new year
  • “Since 2009, this has been 100% artificial, unprecedented money printing and deficits; $27 trillion over 15 years, to be exact. This is off the charts, 100% artificial, which means we’re in a dangerous state,” Harry Dent told Fox News Digital. “I think 2024 is going to be the biggest single crash year we’ll see in our lifetimes.”
  • “I’m the guy that’s praying for a crash while everybody else is not. We need to get back down to normal, and we need to send a message to central banks,” he continued. “This should be a lesson I don’t think we’ll ever revisit. I don’t think we’ll ever see a bubble for any of our lifetimes again.”
  • Dent said. “This is the one time I’m telling you, do not listen to your financial adviser. Things are not going to come back to normal in a few years. We may never see these levels again. And this crash is not going to be a correction. It’s going to be more in the ’29 to ’32 level. And anybody who sat through that would have shot their stockbroker.”
  • “That’s an 86% crash in the S&P and a 92% crash in the NASDAQ. And crypto, it’s going to be 96%. So that is a big deal,” the economist added.

Read the original article by clicking here.

Stocks Halted by a Glitch

Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’

Important Takeaways:

  • Breaking: NYSE Halts Trading on Numerous Stocks Due to Technical Issue
  • The New York Stock Exchange was apparently hit by some kind of glitch that saw trading on many stocks halted.
  • Many of the companies impacted resumed trading before 9:45 a.m. ET., CNBC reported. The NYSE said at roughly 9:50 a.m. that all of its systems were operational.
  • “Several stocks are halted for an unknown reason at the start of trading,” J.D. Durkin, TheStreet video host, tweeted, “and aren’t showing up on computers or tablets resulting in confusion across the NYSE floor.”
  • “It’s a huge problem,” one longtime trader told Durkin. “I’ve never seen anything like it.”
  • [One person Tweeted that] Some #NYSE stocks are out-right weird $VZ was listed for trading at $2.56, for example (vs. $38-$40) What is going on? Hacked?”

Read the original article by clicking here.

Could this be the Beginning of a Complete World Collapse?

A Day of Chaos on Wall Street today!  As this is being written, the New York Stock Exchange had been closed for over 4 hours.  The Greek Government is scrambling to fix their financial disaster and headlines are screaming out that the real crisis in the financial news is that China is headed for a crash much like what happened to us in 1929. As I have watched the news today, riveted by what is happening all over the country, all I could do was sit and connect the dots. Could the world’s financial system be taking the first major step towards a complete collapse?

This morning, United Airlines had to suspend and cancel flights all over the country because of a “computer glitch”; The Wall Street Journal’s Website went down because of a “computer glitch”.   All of these computer glitches and I have a hard time NOT connecting them together. And if these incidents are related, then it had to be by something evil.

There is massive flooding all over the country and power outages occurring because of them. We are also suffering from drought and threats of disease that are wiping out some of our food supply.  The warning signs are continuing to flash brighter.

Last night I received a phone call from a recent prophetic guest and wonderful friend, John Kilpatrick.  He told me that, “The next 90 days will be more important than the last 54 years of your ministry all together!”  He went on to warn me, “Do not be distracted as the next months are crucial!  Your voice must be diligent and clear in the next 90 days!”

Time after time, our prophetic guests have told us all that we need to be preparing NOW!  It IS time to get ready for what is to come!  John Shorey, Rick Joyner, Joel Richardson, Carl Gallups and Rabbi Jonathan Cahn are among those that have just recently been warning the world of what is to come!  I cannot help but think of their words as this day unfolds.  We will see more of these days of uncertainty, we will see more chaos.

According to Joe Grano, Chairman and CEO of Centurion Holdings LLC and former chairman of Homeland Security Advisory Council: “The two places America is most vulnerable is our financial systems and our energy grid. And the biggest warning light is that our enemies not only can shut down our financial system but also our grid.”

I am committed to bringing you as much information that I can as the days unfold.  We are going to be working on this together!  On our next broadcast, we will be talking about these world shaking events and piecing them together on the show.  We will be discussing the many events that are coming together in this world and what we can begin expecting in the days to come. Today we began construction on our new Roku network “breaking news” facility. We are so eager to finish this new building so that we may bring you the cutting edge news as soon as it is breaking.

The Lord is speaking to all of us in so many ways.  We want to hear from you if you feel He is speaking to you!  Please send us information that you find and news that you feel is important during these prophetic days.  We want to hear from you!  Please email us at newsteam@jimbakkershow.com.

God Bless you.

Love,

Jim's Signature Mailchimp

NYSE repoens after trading stopped amid United Airlines, WSJ.com tech issues

Trading was halted for more than two hours on the New York Stock Exchange floor Wednesday after an internal technical issue was detected – which then set off speculation that a cyber-glitch at United Airlines and a temporary online outage at the Wall Street Journal newspaper were connected.

White House spokesman Josh Earnest said President Obama had been briefed on the glitch that took out trading on the floor of the NYSE by White House counterterrorism and homeland security adviser Lisa Monaco and chief of staff Denis McDonough.

He also said despite indications that it was not a cyber-breach, the administration was “keenly aware of the risk that exists in cyber space right now.”

Source: FOX News – NYSE repoens after trading stopped amid United Airlines, WSJ.com tech issues