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Disney+ (DIS) might add another plus (or two) to its subscription price.
Disney recently raised the price of its ad-supported tier and retained 94% of its users – which has some wondering if it’s still underpriced.
US stocks finished higher on Monday as banking concerns abated
• JP Morgan (JPM) and other large banks are discussing strategies to support First Republic Bank (FRC). The San Francisco-based bank has been impacted by investor withdrawals following the closure of Silicon Valley Bank.
• The San Francisco-based bank has been impacted by investor withdrawals following the closure of Silicon Valley Bank. The meeting begins today. With its next policy decision, the Fed hopes to toe the fine line between high inflation, a tight labor market, and banking concerns.
• Amazon (AMZN) is planning to lay off another 9,000 employees after letting go of 18,000 workers from November through January. Company officials say the move is meant to help it run leaner by streamlining costs.
What to be on the lookout for today
• Existing home sales for February will be released. Existing home sales decreased 0.7% month-over-month in January, marking a full calendar year of consecutive decreases.
• Investors will get earnings reports from Gamestop (GME) and Nike (NKE). For the preceding quarter, Nike reported $13.3 billion in revenue, up 17% year-over-year, driven by record sales growth on Black Friday and Cyber Monday.
Mortgage lenders use a few different calculations when determining how much house you can afford.
There are several calculations you can use to get a benchmark of how much house you can afford.
Remember, all of these methods are just benchmarks to help you decide how much you can afford. You’ll also need to consider your monthly budget and other financial goals. Using a home affordability calculator can help you refine and customize your estimate so you can see how different factors influence the price of the home you can afford.
Today’s top stories
Illinois passed a law mandating 40 hours per year of paid time off for full-time workers. It’s the third state in the US to do so, and has garnered polar reactions from workers and businesses. Here’s why the law has employees celebrating and employers concerned. Read more >> Post-pandemic, movie theaters are giving quality top billing over quantity. Theaters are trying to elevate their guest experience to make up for a lack of moviegoers. Here are some of the changes made and how they’ll impact your moviegoing experience moving forward. Read more >> Summer is coming. Thinking of building your own houseboat, or just wondering if it's even possible? Learn what to consider when building a houseboat. Houseboat kits are a thing, and an alternative to building your own boat is buying a used houseboat and modifying it. Read more >>Not-so-breaking news
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Royal Caribbean (RCL) made a big change to its onboard smoking policy. The cruise line’s Oasis Class ships now include two separate casinos: one smoking and one non-smoking.
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The Swiss bank UBS (UBS) will officially acquire Credit Suisse (CS) for over $3 billion. This will be the first major global banking merger since 2008.
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Grocery product recalls sweep the nation as Costco (COST), Walmart (WMT), and Trader Joe’s all issue statements. Contaminated products include bags of frozen fruit and parfait breakfast bars.
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Walt Disney World (DIS) is expanding hours at its theme parks to help reduce crowds. The company hopes this measure will help spread out crowds, improving the experience for guests.
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The Florida-based Coalition of Immokalee Workers has marched for 5 days and 45 miles to protest conditions and wages for farmworkers. The Coalition hopes to inspire more companies to join the Fair Food Program.
Financial planner tip of the day
"One important thing to understand about investing is the tradeoff between risk and reward: you cannot have one without the other. Higher risk generally should come with a possibility of higher reward, and that risk usually comes in the form of volatility. Because higher-risk assets can go through periods of significant downside, they are generally only recommended for money that you won’t need for for awhile."
Brian Walsh, CFP® at SoFi