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Disney Taps D’Amaro to Be Iger’s Successor as CEO

FROM 38 minutes ago

The Walt Disney Co. (DIS) has named its successor to longtime CEO Bob Iger, and it indeed will be Josh D’Amaro.

Before the bell Tuesday, the entertainment and media giant named Disney Experiences Chairman D’Amaro its new CEO, effective at its annual meeting on March 18.

On Sunday, Bloomberg reported that D’Amaro was a likely choice to succeed Iger, while The Wall Street Journal said Iger had told people close to him that he planned to step down before his contract was up at the end of the year.

During Monday’s earnings call, Iger didn’t address who would be his successor but said that Disney—which previously said in November 2024 that it would announce his successor in early 2026—was “in much better shape today than it was three years ago, because we have done a lot of fixing, but we’ve also put in place a number of opportunities.”

Disney shares sank 7.4% Monday despite better-than-expected results, as investors assessed reports about the company’s CEO succession plans. They advanced 1% in premarket trading following the news.

–Aaron McDade contributed to this post.

What You Need to Know About Letting Your Money Sit Idle in a Savings Account

FROM 59 minutes ago

Putting cash away in a savings account feels reassuring, but comfort alone can come at a cost. Between inflation and the rising cost of living, any account earning less than 2% or 3% is quietly losing value over time. With the national average savings rate sitting at just 0.39% APY in early 2026, you may be seeing your balance erode in purchasing power month after month.

Having a solid savings cushion is key to financial health—but how you save matters. Below, we’ll weigh the pros and cons of keeping your money in a savings account and explore smarter alternatives that could serve you better.

Traditional savings accounts excel at two things: instant access (i.e., “liquidity”) and Federal Deposit Insurance Corp. (FDIC) insurance, which guarantees up to $250,000 per depositor, per bank against loss. 

The trade-off is opportunity cost. Park $10,000 for a year in the bank at 0.50% and you earn just $50 in interest (before taxes); if inflation averages 2.5% over the same year, your real purchasing power drops by more than $1,200. Sure, you avoid market swings, but the slow leaking of value is all but guaranteed.

Read the full story here.

–Adam Hayes

The Fed Cut Rates 3 Times—So Why Are Some Savings Accounts Still Paying 5%?

FROM 1 hr 35 min ago

Even after the Federal Reserve cut interest…