Disney Plus adds 8 million subscribers—but it’s still operating at a loss

Disney Plus adds 8 million subscribers—but it's still operating at a loss

Disney+Photo: NICK AGRO/AFP via Getty Images When Disney first launched its streaming service Disney+ back in November of 2019, it did so with a long-term mindset. Streaming was, presumably, the future, and so the company was willing to burn a lot of money to catch up with more established performers in the industry—most notably Netflix, … Read more

Nissan is Profitable for the First Time in Years

Nissan is Profitable for the First Time in Years

Photo: Nissan Nissan is making money again, Rivian is not, and GM. All of that and more in The Morning Shift for May 12, 2022. 1st Gear: Nissan Nissan has had a weird three years or so following the ouster of former CEO Carlos Ghosn under circumstances that can only be described as too bizarre … Read more

Elon Musk Faces SEC Probe Over Twitter Stock Buys: Report

Elon Musk Faces SEC Probe Over Twitter Stock Buys: Report

The Securities and Exchange Commission is investigating Elon Musk’s failure to disclose his massive March Twitter share purchase in a timely fashion, according to a report by the Wall Street Journal. The richest man in the universe took too long to file the required public form while in the process of buying up 9.2% of … Read more

Volkswagen to Bring Back the Scout as an EV Brand

Volkswagen to Bring Back the Scout as an EV Brand

Picture: International Harvester Company Sometimes, there’s good news in the world and today is one of those times: Volkswagen’s board of directors are expected to approve a plan Wednesday to bring back the Scout, this time as an EV brand with an SUV and pickup truck to kick off the new line. Can you even … Read more

Cryptocurrency TerraUSD Plunges as Investors Bail

Cryptocurrency TerraUSD Plunges as Investors Bail

A selloff in a cryptocurrency that was supposed to be pegged to $1 accelerated Wednesday, briefly sending its price to less than a quarter of that value. TerraUSD traded as low as 23 cents Wednesday, according to data from CoinDesk. As of 8:53 am ET, it had partially rebounded to about 30 cents in volatile … Read more

Should You Cancel (or Upgrade) Your PlayStation Plus Subscription?

Should You Cancel (or Upgrade) Your PlayStation Plus Subscription?

Picture: mkfilm (Shutterstock) Long gone are the days of playing console video games online for free. Switch owners need to pony up for Nintendo Switch Online, Xbox users have to sign up for Xbox Live Gold, and those of us loyal to Sony have to pony up for PlayStation Plus to play against friends and … Read more

GTA Online Subscription Gives Early Access To Cars, Cash, More

GTA Online Subscription Gives Early Access To Cars, Cash, More

Picture: Rockstar Games Today, Rockstar Games announced GTA+ a new paid monthly subscription service for Grand Theft Auto Online. GTA+, which launches March 28, will only be accessible to PS5 and Xbox Series X/S players and will offer folks who sign up for it monthly deposits of cash, exclusive access to new rewards, double and … Read more

What High Gas Prices Mean for Electric Vehicles

What High Gas Prices Mean for Electric Vehicles

Photo: Tom Williams (PA) If you’re tired of skyrocketing gas prices and are thinking about the benefits of an electric ride, chances are you’re not alone. But even though switching to an electric vehicle may seem like a no-brainer, there are some significant obstacles—including new problems caused by the conflict in Ukraine—facing the EV industry … Read more

What to Do If You Accidentally Fill Your Gas Tank Up With Diesel

What to Do If You Accidentally Fill Your Gas Tank Up With Diesel

Photo: Melinda Fawver (Shutterstock) As the price of gas rises, everyone is thinking more about the fuel they put into their cars, but you probably already knew that there are usually two kinds of fuel available at your local gas station: gasoline and diesel. Both are refined from crude oil, but they’re produced using vastly … Read more

Treasury Yields Rise Sharply as Investors Digest Fed Rate Increase

Treasury Yields Rise Sharply as Investors Digest Fed Rate Increase

US government bonds yields rose sharply on Wednesday after the Federal Reserve said it would lift short-term interest rates and signaled they could reach nearly 2% by the end of the year. In recent trading, the yield on the benchmark 10-year US Treasury note was 2.239%, according to Tradeweb, compared with 2.160% Tuesday. The two-year … Read more