The Walt Disney company is set flood its theme park properties with funds for expansion. In the company's most recent earnings call, Disney parks performed better than anticipated and now the house of mouse wants to continuing building. Cheddar News senior reporter Michelle Castillo has details in the pending $60 billion investment.
Stocks fell at the open Tuesday as the 10-year Treasury yield spiked following retail sales data and bank earnings, raising concerns over more rate hikes. Investors are also keeping an eye on tensions in the Middle East and its potential effect on global markets.
Rite Aid has filed for bankruptcy protection and plans to sell part of its business as it attempts to restructure while dealing with losses and opioid-related lawsuits.
