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Iger Return to Disney surprises Hollywood, drawing quick reactions

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In a surprise move on Sunday, November 20, The Walt Disney Company (dis) – Get a free report It was announced that CEO Bob Chapek would be stepping down. But the real shock was who replaced him.

Robert Iger, who previously served as CEO of Disney for 15 years, is the one who got the call back to the position.

Reaction to the news was generally positive. Disney stock ended up 6.3% on Nov. 21 and observers are backing their views.

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After taking over as CEO in February 2020, Chapek’s nearly three years leading the company have faced some challenging circumstances, and not just because of the global economy’s struggle to deal with the COVID-19 pandemic.



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Elon Musk of Tesla congratulates Big Rival Ford

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Elon Musk and Tesla changed the way consumers think and look.

They have pushed the entire auto industry to switch to electric vehicles and make the technology the future of the sector, which is crucial to the economy.

Today, nearly every automaker—vintage automakers, start-ups, luxury brands, sports car manufacturers—offers an electric or hybrid model. Groups are investing billions of dollars to develop electric vehicles.

Consumers are also following developments, since their demand for these green vehicles is rising sharply even as cars remain expensive and the number of charging stations continues to lag. Charging still takes a long time, and electric vehicle owners have to plan their trips according to the geography of charging stations, which is a particular problem.

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Financials and Materials Drive TSX Higher By Reuters

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© Reuters. FILE PHOTO: Screen showing the price of a major Canadian stock index, the S&P/TSX Composite Index of the Toronto Stock Exchange, as it rose to a record high in Toronto, Ontario, Canada on January 7, 2021. REUTERS/Chris Helgren

(Reuters) – The main Canadian stock index rose on Thursday, supported by financial stocks and commodity-related commodities, while Canadian manufacturing data for November rose from the previous month.

At 09:33 AM ET (1433 GMT), the S&P/TSX Composite Index of the Toronto Stock Exchange rose 104.98 points, or 0.51%, at 20,558.24, approaching a six-month high.

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The Fed’s measure of inflation slowed in October, supporting the dovish Powell

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The Federal ReserveUS preferred scale inflation Data released on Thursday slowed back October, adding more support to President Jerome Powell’s signal of a near-term interest rate hike after his closely watched speech yesterday in Washington.

The essence of September PCE The price index is up 5% from a year ago, down from the 5.1% pace recorded in September and basically in line with Street expectations of 5%. The Bureau of Economic Analysis reported that the core index rose 0.2% in the month, a significant drop from September that fell within analysts’ expectations.



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