Wealth Management News & Insights
No One Can Find Safe-Deposit Boxes Anymore, Disney Expands CEO Search to Outside Candidates, Meet Your New Thanksgiving Pie
Primary Sources
- Federal Reserve Issues FOMC Statement: Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low. [FRB]
- Economic Outlook – Conversation with Federal Reserve Chair Jerome Powell, Dallas, Texas: Looking back, the U.S. economy has weathered a global pandemic and its aftermath and is now back to a good place. The economy has made significant progress toward our dual-mandate goals of maximum employment and stable prices. [FRB]
Financial Markets
- Sonos Begins a Very Long Road Back: Speaker maker’s holiday quarter forecast lifts its stock, but fallout from app fiasco still lingers. [WSJ]
- Warren Buffett’s Berkshire Hathaway Takes a Small Stake in Domino’s Pizza: The Omaha, Neb., company also discloses a new position in Pool Corp. and cuts stake in Capital One. [WSJ]
- New York Doesn’t Have Enough Housing. Why Is It So Expensive to Build?: The scarcity of apartments makes it easy for landlords to raise rents, but building new developments comes with high costs and regulatory hurdles. [NYT]
Financial Planning
- Credit Card Statement Balance vs Current Balance: Which to Pay?: Here’s how your statement and current balance differ and how each affects interest charges and your credit score. [CNBC]
- No One Can Find Safe-Deposit Boxes Anymore: Banks are ditching a traditional service they consider to be outdated. [WSJ]
Retirement Planning
- 5 Things To Do Now to Make Your Estate Simpler for Your Heirs: It’s easy to put off doing many of these things. But get them done, and your heirs will be thankful you did. [WSJ]
The chart above provides a list of upcoming Disney+ and Hulu releases. The list features a mix of TV series, films, documentaries, and animated shows. Release dates range from now until the spring of 2025, with a number of release dates not yet announced.
Business Strategy
- Disney Expands CEO Search to Outside Candidates Including EA’s Andrew Wilson: Disney’s board said it expects to announce a CEO successor to Bob Iger in early 2026 — but the guessing game about who will take the throne at the Magic Kingdom is already well under way. [Variety]
- Elon Musk Ramps Up Legal Fight With OpenAI, Microsoft: Billionaire accuses ChatGPT maker of anticompetitive behavior in new court filings. [WSJ]
- New Starbucks CEO Scouted Cafes Before Taking Over: What He’s Tackling First: Brian Niccol is focusing on cafe operations and company affairs as he seeks quick change. [WSJ]
- Adidas Signs First NIL Deal with Girls’ High School Basketball Player: The German sports apparel brand on Thursday announced the signing of Kaleena Smith as its first high school girl’s basketball partner under a name, image and likeness, or NIL, deal. [CNBC]
- Volkswagen and Rivian Form Joint Venture, Deepening Alliance: The new agreement, which builds on an earlier announcement, calls for the German automaker to invest $5.8 billion in Rivian, a maker of electric vehicles. [NYT]
The chart above provides a list of upcoming theatrical releases from Disney and its subsidiaries. The list features a mix of original films, sequels, and reboots. Release dates range from now until the end of 2025.
Life & Work
- Will Spotify’s AI DJ Make You Listen Longer?: The AI DJ, which the music streamer began rolling out nearly two years ago and is still in beta, builds on Spotify’s long track record of providing listeners with personalized playlists based on individual data. [NPR]
- An Auctioneer as Rare as Any Antique: For some, an even bigger draw than the silver, furniture and artwork at Michael Corcoran’s auctions is the 96-year-old auctioneer himself. [NYT]
- Meet Your New Thanksgiving Pie: These six stunners will make you want to bring the dessert. [NYT]