The founder of Third Point wrote a letter to Disney CEO Bob Chapek, saying that the funds could double Disney+'s budget for original content.
Stocks pared some gains in the final hour of trading after Senate Majority Leader Mitch McConnell balked at Democrats' latest stimulus proposal.
Treasury Secretary Steven Mnuchin told CNBC on Wednesday morning that he expected to reach a stimulus deal with House Speaker Nancy Pelosi.
Familiar favorites like Amazon, Apple, and Tesla made the list — but so did some surprising stocks that aren't mega-cap tech juggernauts.
Treasury Secretary Steven Mnuchin said Tuesday that Democrats and the Trump administration hope to reach a deal by the end of the week.
The outbreak arrived in the midst of earnings season, and numerous firms addressed the outbreak's early effects on business in China.
The Kansas City Chiefs' quarterback said "I'm going to Disney World!" after winning the big game on Sunday.
The relative optimism in US stocks may be a signal that investors don't have many other places to turn.
Rosenblatt Securities raised its first-quarter subscriber target for Disney Plus to 25 million from 21 million, and reiterated its "buy" rating.
Rosenblatt Securities analyst Bernie McTernan estimates Disney Plus could hit 35 million subsribers by the end of 2020.
Disney executives told investors in April that they expect Disney Plus to hit between 60 million and 90 million subscribers by 2024.
The streaming platform experienced technical difficulties on its launch day due to stronger-than-expected demand.
Wall Street expects Disney to report $1.56 billion in profit on $19 billion in revenue for the fourth quarter.