"Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead through this pivotal period,” the company said.

The two media companies are both struggling for different reasons, but Disney has a huge lead in a key area.

Apple, Tesla, and Lululemon have proved an important point that both streaming giants are missing.

The streaming service been passed by Disney for total subscribers, but a new effort may help it fight back.

With control of Congress hanging in the balance, and key races still too-close-to-call following last night's mid-term elections, markets are looking to a cautious open on Wall Street.

"Our approach going forward is going to be focused largely on profitability," instead of pure subscriber additions, CEO Bob Chapek said.

Stock futures slip lower as mid-term elections remain too-close-to-call; Tesla edges higher as Elon Musk reveals another $3.95 billion share sale; Disney tumbles on expensive streaming gains, Q3 earnings miss; Occidental Petroleum rides oil price wave, delivers Warren Buffet solid Q3 profits and AMC slides after Q3 loss, muted 'Ape' share sales.

Company holds to projection Disney+ will achieve profitability in fiscal 2024.

Nashville is catching the attention of home-flippers.

The online retail giant had a plan to own your living room. It didn't work because AI-powered voice assistants don't work.

The new variant may be even more magically delicious.

Twitter is desperate for revenue. It has a $13 billion debt burden, but hasn’t showed a profit for eight of the last 10 years.