• Disney is moving thousands of jobs from California to 'business friendly' Florida

    12 days ago - By Business Insider

    Walt Disney World in Florida in 2020.
    Olga Thompson/Walt Disney World Resort via Getty Images
    Disney will be relocating 2,000 employees to Florida.
    The company says the employees all work in the parks, experiences, and products division.
    About 60,000 employees already work in Florida, which Disney says is more "business-friendly."
    See more stories on Insider's business page .
    Disney announced plans Thursday to move 2,000 employees from Southern California to a new campus near Orlando, Florida in an effort to increase collaboration amongst staff and consolidate operations, the Los Angeles...
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  • Some investors are betting big on Chinese tech despite Cathie Wood's warning of a 'valuation reset'

    12 days ago - By Business Insider

    Cathie Wood is the CEO and chief investment officer of ARK Invest, which runs three of the highest-returning stock ETFs of the last three years.
    ARK Invest
    Cathie Wood is selling shares in Chinese tech companies, but some investors have a different view.
    The KraneShares CSI China Internet ETF saw record inflows this week, according to Bloomberg.
    On Tuesday, Wood told investors, "From a valuation point of view, these stocks have come down and again from a valuation point of view, probably will remain down."
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    Cathie...
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  • Victoria's Secret billionaire Les Wexner is on track to sell $1.2 billion of company stock this year as he retreats from the lingerie business

    13 days ago - By Business Insider

    Les Wexner.
    Getty/Astrid Stawiarz / Stringer
    Les Wexner is on track to sell $1.2 billion of Victoria's Secret stock this year.
    This leaves the Wexner family with around a 10% stake in the business.
    Wexner stepped down as CEO in 2020 shortly after controversy over his relationship with Jeffrey Epstein.
    See more stories on Insider's business page .
    Les Wexner, the billionaire businessman behind Victoria's Secret, is on track to sell $1.2 billion worth of company stock this year. Wexner, who stepped down as CEO of its parent company L Brands in February 2020 and from its board in March , has...
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