• These are the 10 most shorted ASX shares

    Scared, wide-eyed man in pink t-shirt with hands covering mouth

    At the start of each week, I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers.

    This is because I believe it is well worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right with a company.

    With that in mind, here are the 10 most shorted shares on the ASX this week according to ASIC:

    • Pilbara Minerals Ltd (ASX: PLS) is far and away the most shorted share on the Australian share market with short interest of 21.6%. This is up slightly week on week. Short sellers appear to be betting on lithium prices staying lower for longer and crunching the company’s profits.
    • IDP Education Ltd (ASX: IEL) has 13.1% of its shares held short, which is up slightly since last week. This language testing and student placement company recently revealed that it is being negatively impacted by student visa changes in a number of key markets. As a result, flat earnings and expected by analysts this year and an earnings decline is forecast the year after.
    • Liontown Resources Ltd (ASX: LTR) has 10.4% of its share held short, which is up slightly week on week once again. The company will shortly commence lithium production at the Kathleen Valley Project. This isn’t perhaps the best time to be adding to lithium supply.
    • Syrah Resources Ltd (ASX: SYR) has short interest of 10.2%, which is down week on week again. This graphite miner’s shares have fallen heavily over the last 12 months due to weak battery materials prices, production suspensions, and its ongoing cash burn.
    • Flight Centre Travel Group Ltd (ASX: FLT) has seen its short interest rebound to 10%. Short sellers appear to believe that the travel agent will fall short of the market’s revenue margin expectations.
    • Westgold Resources Ltd (ASX: WGX) has short interest of 10%, which is now up for a sixth week in a row. Doubts over the gold miner’s proposed merger with Canada-based Karoa Resources appear to be behind this.
    • Sayona Mining Ltd (ASX: SYA) has short interest of 9.7%, which is up since last week. This lithium miner is currently paying more to pull lithium out of the ground than it receives from buyers. Not a great business model.
    • Chalice Mining Ltd (ASX: CHN) has short interest of 9.6%, which is up week on week again. While this mineral exploration company’s Gonneville Project is a globally significant critical minerals project, it is still years away from commencing production or even a final investment decision. Some investors also believe the assumptions used its project studies are a touch ambitious.
    • Australian Clinical Labs Ltd (ASX: ACL) has short interest of 8.4%, which is down slightly since last week. This struggling health imaging company is guiding to yet another sharp decline in its earnings in FY 2024.
    • Weebit Nano Ltd (ASX: WBT) returns to the top ten with 8.3% of its shares held short. This semiconductor company’s shares have crashed 70% over the last 12 months. Short sellers don’t appear to believe the declines are over given its lofty valuation and pitiful revenue generation.

    The post These are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

    See The 5 Stocks
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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Idp Education. The Motley Fool Australia has recommended Flight Centre Travel Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • 3 explosive ASX tech stocks to buy and hold forever

    A man in trendy clothing sits on a bench in a shopping mall looking at his phone with interest and a surprised look on his face.

    The Australian tech sector is home to a number of ASX shares that have significant growth potential.

    This could make them great options for investors that are willing to make patient buy and hold investments.

    For example, three ASX tech stocks that brokers think have very bright futures and could be in the buy zone now are listed below.

    Here’s what you need to know about them:

    Life360 Inc (ASX: 360)

    Life360 could be a fantastic ASX tech stock to buy.

    It is the location technology company behind the eponymous Life360 app. This app is used by millions of families worldwide. A recent update revealed that its global monthly active users (MAU) increased by 4.9 million during the first quarter to 66.4 million.

    This is underpinning significant revenue and earnings growth. And with management focusing on increasing both its average revenue per user metric and paid subscribers, as well as venturing into advertising, Life360’s growth outlook appears very positive.

    Morgan Stanley is confident on its outlook and recently put an overweight rating and $17.50 price target on its shares.

    Megaport Ltd (ASX: MP1)

    The second ASX tech stock that could be a buy is Megaport.

    It is the leading global provider of elastic interconnection services. Megaport’s software layer provides users with an easy way to create and manage network connections. Through its network, businesses can deploy private point-to-point connectivity between any of the locations on Megaport’s global network infrastructure.

    Due to the structural shift to the cloud and higher spending on enterprise networking, the company has been growing at a rapid rate and appears well-placed to continue doing so in the coming years.

    Citi is a big fan of the company and believes there will be a multi-year spend on cloud infrastructure coming and this will support structural growth for Megaport.

    The broker put a buy rating and $16.05 price target on its shares last week.

    Xero Ltd (ASX: XRO)

    A third ASX tech stock that analysts rate as a buy is Xero.

    It is a global small business platform with a total of 4.2 million subscribers. The company notes that its smart tools help small businesses and their advisors to manage core accounting functions like tax and bank reconciliation. In addition, they can complete other important small business tasks like payroll and payments.

    Goldman Sachs is very bullish about the company due largely to its quality and significant growth opportunity.

    Its analysts highlight that Xero is “very well-placed to take advantage of the digitisation of SMBs globally, driven by compelling efficiency benefits and regulatory tailwinds, with >100mn SMBs worldwide representing a >NZ$100bn TAM.”

    Goldman currently has a buy rating and $164.00 price target on its shares.

    The post 3 explosive ASX tech stocks to buy and hold forever appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has positions in Life360 and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group, Life360, Megaport, and Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool Australia has recommended Megaport. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • More parents are taking on debt to pay for Disney vacations as prices soar

    Disney, Magic Kingdom
    Magic Kingdom at Walt Disney World.

    • Lending Tree surveyed Americans about how vacationing at Disney World impacts their finances.
    • Nearly 50% of parents with children under 18 go into debt for Disney trips.
    • Respondents said in-park food and beverages were the main budget-busters.

    As prices soar, some parents are emptying their bank accounts for a trip to Disney. Others are maxing out their credit cards.

    Disney's expensive prices have been a hot topic among parkgoers recently. They even caused Disney CEO Bob Iger to raise his eyebrows in disbelief.

    Disneyland raised ticket prices in 2023 and Disney World is expected to increase costs in 2025.

    So Lending Tree surveyed over 2,000 American consumers to understand just how much a trip to Disney's theme parks can impact a family's finances.

    What it found is a little concerning.

    "Across the 77% of theme park-going parents with kids younger than 18 who've been to Disney, 45% have gone into debt for a Disney trip," the survey found.

    A large crowd walks towards a castle at Disney World in Orlando, Florida.
    A view of Main Street at Disney World in Orlando, Florida.

    That's up from the 2022 Disney debt survey, which found that 30% of parents with children under 18 were going into debt.

    According to the survey, parents with young children had an average debt of almost $2,000.

    Despite the financial hit, 59% of parents said they didn't regret the decision.

    "For so many parents, taking their kids to Disney is a rite of passage, something they remember fondly from their youth and want to experience with their kids," LendingTree chief credit analyst Matt Schulz said in a statement. "Because of those feelings, they're often willing to take on debt to get there."

    Food, transportation, and accommodation are the biggest dents to parents' Disney budgets. The survey found that 65% of respondents with Disney debt said food and beverages cost more than they expected.

    Disney World and Disneyland representatives did not respond to Business Insider's request for comment.

    The rising prices at Disney and, well, everywhere, coupled with stifling childcare costs, are already impacting parents across the country, leading some to look for alternatives to Disney.

    One husband told BI his family decided to visit Great Wolf Lodge in North Carolina instead of their usual trip to Walt Disney World.

    The husband said his children enjoyed Great Wolf Lodge more than their Disney adventures, and it cost less, too.

    Have you taken on debt to take a trip to a Disney theme park and want to share your story? If so, reach out to this reporter at ledmonds@businessinsider.com

    Read the original article on Business Insider
  • Over 35,000 women fled Texas to get abortions in 2023

    Close up view of stethoscope on digital tablet.
    A staggering number of patients left Texas to get abortion care, data shows.

    • Tens of thousands of women fled Texas in 2023 to get abortions out of state, data shows.
    • It was the most of any state. Nationally, over 171,000 patients traveled out of state to get care.
    • The state of reproductive and maternal healthcare will only get worse in Texas, one expert said.

    They say everything is bigger in Texas.

    That includes the number of women who had to leave the state to get abortion care, new data shows.

    In 2023, over 35,000 patients fled Texas to get abortion care in another state, according to data from the Guttmacher Institute, a pro-abortion research and policy organization.

    Nationwide, over 170,000 patients traveled out of state for abortion care, according to the data, which Guttmacher collected to analyze the impact of the Supreme Court's Dobbs opinion in 2022, which overturned Roe v. Wade.

    Even before Dobbs, Texas already had a strict 6-week ban in place since late 2021.

    "Texas had already clamped down on services," Debbie McNabb, a retired gynecologist based in Texas, told Business Insider. "So women had already been traveling a long ways."

    McNabb said the state of reproductive affairs will only get worse in Texas, which is ranked No. 2 among states that provide the worst prenatal and maternal health care, according to an analysis of nationwide access to care by Value Penguin, a data analytics firm.

    Texas is far from the only problem. A staggering portion of the country has little to no access to maternal health care. Over a third of counties in the United States are maternity care deserts, meaning they have "no hospitals providing obstetric care, no birth centers, no OB/GYN and no certified nurse midwives," according to a report from the March of Dimes, a nonprofit that works to improve the health of mothers and children.

    Patients aren't the only ones leaving Texas. Medical students are, too. The majority of them report a desire to choose their residency programs based on where abortion is legal.

    "We're going to get fewer trainees, OBGYN trainees in Texas, which is going to increase our maternity deserts and decrease the availability of routine OBGYN care. The other issue is we are not going to get the best and brightest residents," McNabb said, "because people are ranking the states with abortion access higher."

    Read the original article on Business Insider
  • This ASX 200 stock’s ‘compelling valuation’ makes it a strong buy

    A man holding a cup of coffee puts his thumb up and smiles while at laptop.

    Although the Australian share market is trading within sight of its record high, that doesn’t mean there aren’t any bargain buys out there.

    For example, the ASX 200 stock in this article has been labelled as undervalued and tipped to deliver big returns for investors over the next 12 months.

    Which ASX 200 stock is cheap?

    The stock in question is steel products manufacturer BlueScope Steel Limited (ASX: BSL).

    According to a note out of Goldman Sachs, its analysts have reiterated their buy rating on the company’s shares with an improved price target of $30.10.

    Based on the current BlueScope share price of $20.54, this implies potential upside of approximately 47% for investors over the next 12 months.

    In addition, the broker is expecting the ASX 200 stock to provide dividend yields of 2.9% in FY 2024 and 3.4% in FY 2025. This boosts the total potential return to approximately 50%.

    Why is the broker bullish?

    The main reason that Goldman Sachs is bullish on BlueScope is its US painted steel business. It explains:

    BSL began its push into the high growth US painted steel market in 2022 with the acquisition of Coil Coatings making BSL the third-largest painted steel producer in the US. Our analysis of the US painted steel market and BSL’s strategy indicates the US painted steel growth opportunity could deliver ~A$400mn (~20%) EBITDA upside.

    The broker also highlights that this ASX 200 stock is trading at a significant discount to peers. It adds:

    Comp analysis implies BSL undervalued: Despite ~50% of EBITDA being higher margin painted steel by FY28E, BSL trades at ~4x EBITDA vs. US steel peers at ~7-8x, with painted steel company AZZ on ~9x. […] Compelling valuation and FCF: trading at ~0.65x NAV (A$31.7/sh), ~4x NTM EBITDA (vs. 10-yr average of 4-7x), and on a FCF yield of ~6% in FY24E.

    Goldman then concludes:

    We reiterate our Buy rating on BSL. Our NAV increases by 5% (~A$700mn) to A$31.7/sh after incorporating US painted growth into our base case, and our 12m PT rises by 8% to A$30.1/sh, on the higher NAV and putting the US coated and painted business on 8x (unchanged for Aus, new for US). Although the US growth strategy could take around five years to deliver, BSL already looks undervalued vs. US steel peers, and we believe very little of the potential upside from the US growth strategy is being priced into the stock.

    The post This ASX 200 stock’s ‘compelling valuation’ makes it a strong buy appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Bluescope Steel Limited right now?

    Before you buy Bluescope Steel Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Bluescope Steel Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Gov. Wes Moore’s message of patriotism and service could be a blueprint for Democrats in a divided US

    Wes Moore
    Gov. Wes Moore of Maryland.

    • Maryland Gov. Wes Moore campaigned for Josh Stein, who's running for North Carolina governor.
    • Moore's visit to North Carolina coincided with Stein's veterans coalition launch.
    • Moore's messaging on patriotism could help Democrats make inroads with voters who've drifted away.

    Maryland Gov. Wes Moore hit the campaign trail last week for Josh Stein, the Democratic gubernatorial nominee in North Carolina, rallying veterans to back his fellow Democrat in one of the most competitive governor races in the country.

    For gubernatorial aspirants, having a show of support from a sitting governor is critical, especially in a tight race.

    Moore's visit to the Tar Heel State came as Stein, who is now the attorney general, launched his "Veterans for Stein" campaign coalition.

    North Carolina has one of the largest populations of active-duty military personnel in the country and serves as home to nearly 800,000 veterans. So it's natural for politicians to engage with the military community. Its influence in the state runs deep.

    For Moore, who served in the 82nd Airborne Division of the US Army and was deployed in Afghanistan from 2005 to 2006, patriotism and service shouldn't be relegated to one particular political party or ideology.

    Beginning with Moore's successful 2022 gubernatorial campaign, he's spread that message stumping for candidates across the country. And, in the process, he's sought to keep Democrats in conversations where they need to be if they're going to be a viable party in all corners of the United States.

    It's an effort that Moore feels will resonate.

    "There are certain things worth fighting for, and we risked our own safety for freedoms," Moore recently told Business Insider. "Some of the freedoms are on the ballot now, including the freedom to know that reproductive health should be between a woman and their doctor."

    Last November, Moore came to Virginia to stump for Democratic legislative candidates, visiting the military-heavy Hampton Roads area and endorsing veterans like Michael Feggans of Virginia Beach — who was elected to the House of Delegates that month.

    "[W]e're pushing back against a lot of these individual forces who are trying to claim this mantle of patriotism and are actually restricting rights in the name of patriotism," Moore told BI at the time.

    With political polarization in the country becoming more hardened by the day, Democrats have a major opportunity in states like North Carolina, where there is still a significant level of split-ticket voting.

    Even though former President Donald Trump won North Carolina in 2016 and 2020, Stein won his attorney general races in the same general election.

    Moore feels great about Stein's chances this fall. He said the attorney general shares the values veterans are looking for, especially on issues like health care and housing affordability.

    "He's consistently stood up for veterans as attorney general," the governor told BI last week. "And he'll do it as governor."

    Read the original article on Business Insider
  • 5 things to watch on the ASX 200 on Monday

    A man looking at his laptop and thinking.

    On Friday, the S&P/ASX 200 Index (ASX: XJO) finished the week with a small decline. The benchmark index fell 0.3% to 7,724.3 points.

    Will the market be able to bounce back from this on Monday? Here are five things to watch:

    ASX 200 expected to edge lower

    The Australian share market looks set to edge lower on Monday following a mixed finish on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 17 points or 0.25% lower. In the United States, the Dow Jones was down 0.15%, the S&P 500 edged slightly lower, and the Nasdaq rose by 0.1%.

    Oil prices soften

    ASX 200 energy shares such as Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a subdued start to the week after oil prices softened on Friday. According to Bloomberg, the WTI crude oil price was down 0.2% to US$78.45 a barrel and the Brent crude oil price was down 0.15% to US$82.62 a barrel. This couldn’t stop oil from snapping its three-week losing streak amid optimism over a tighter market.

    Buy BlueScope shares

    The BlueScope Steel Limited (ASX: BSL) share price could be undervalued according to analysts at Goldman Sachs. This morning, the broker has reiterated its buy rating with an improved price target of $30.10. This implies potential upside of approximately 47% for investors over the next 12 months. Goldman said: “Although the US growth strategy could take around five years to deliver, BSL already looks undervalued vs. US steel peers, and we believe very little of the potential upside from the US growth strategy is being priced into the stock.”

    Gold price storms higher

    It could be a good start to the week for ASX 200 gold shares such as Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) after the gold price stormed higher on Friday. According to CNBC, the spot gold price was up 1.3% to US$2,348.4 an ounce. This meant that the precious metal recorded its first weekly gain in four thanks to interest rate cut hopes.

    Capricorn Metals named as a buy

    Bell Potter thinks investors should be buying Capricorn Metals Ltd (ASX: CMM) shares. This morning, the broker has reaffirmed its buy rating on the gold miner’s shares and lifted its price target slightly to $6.53. This suggests that its shares could rise 46% from current levels. The broker said: “CMM is a sector leading gold producer with a strong balance sheet, a management team with an excellent track record of delivery and clear organic growth options to lift group production to 270kozpa. We retain our Buy recommendation.”

    The post 5 things to watch on the ASX 200 on Monday appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Bluescope Steel Limited right now?

    Before you buy Bluescope Steel Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Bluescope Steel Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Bill Gates says nuclear power has ‘impressive’ bipartisan support

    Bill Gates arrives at the 10th Breakthrough Prize Ceremony.
    Bill Gates at the Breakthrough Prize Ceremony.

    • Bill Gates is optimistic about the future of American nuclear power thanks to bipartisan support.
    • Gates is building a power plant in Wyoming with TerraPower, a company he cofounded.
    • Nuclear energy is the largest clean power source in the US and a key to fueling AI development.

    The forecast looks bright for American nuclear energy, Bill Gates says.

    The billionaire former Microsoft CEO is already building a nuclear power plant in Wyoming with TerraPower, a company he cofounded.

    The company intends to take its nuclear power plant online in 2030, Business Insider previously reported, and Gates is "quite confident" the project will move forward regardless of who wins the White House or the Congressional majority in November.

    "Their support for nuclear power is very impressive in both parties," Gates told CBS News on "Face the Nation" on Sunday. "Of all the climate-related work I'm doing, I'd say the one that has the most bipartisan energy behind it is actually this nuclear work."

    He noted the reasons each party supports nuclear "may not be identical." Republicans value energy security and exports, he said, while Democrats value both those issues and clean energy.

    "Nuclear really is a special," he told CBS. "Not because it's green, there are people who don't value that part of it all, I wish they would. They value it because of the US leadership. And you really don't want the nuclear reactors around the world, made by our adversaries, because it's economically a huge job creator."

    Nuclear energy is considered the largest source of clean power in the United States and is responsible for nearly half of the nation's emissions-free electricity, according to the Office of Nuclear Energy, a US government agency.

    It's produced in nuclear reactors through atomic fission, in which subatomic particles called neutrons collide with full atoms, forcing them to split in two. This process releases tons of heat, which is used to boil water and produce steam. That steam is then routed through the nuclear reactor's steam system to spin turbines and produce electricity.

    Lawmakers on both sides of the aisle have worked to bolster the nuclear energy industry this year.

    In March, the House of Representatives passed the ADVANCE Act, which will expand the use of nuclear energy in the United States and abroad. President Joe Biden also signed a law in March that allocates $100 million to nuclear workforce training programs at universities, two-year colleges, and trade schools.

    This renewed focus on nuclear energy also comes as the development of AI surges. Tech companies like OpenAI are increasingly looking for cleaner, greener forms of energy to meet the huge power demands of their data centers.

    Read the original article on Business Insider
  • Disney is mailing checks after a $9.5 million class action settlement. Here’s how to know if you are owed any money.

    The Magic Key Starcade Experience at Disneyland.
    The Magic Key Starcade Experience at Disneyland.

    • Disney agreed to a $9.5 million settlement with guests who purchased a Dream Key pass in 2021.
    • Disney began sending out payments on June 14.
    • A lawsuit claimed Disney misled guests into believing the annual pass had no block-out dates.

    Disneyland guests who paid nearly $1,400 for a Dream Key annual pass can soon expect a check from Disney.

    Payments from the $9.5 million settlement were sent to eligible class action lawsuit members through the mail and digitally on June 14. The settlement included over 100,000 people.

    Jenale Nielsen filed the lawsuit against Walt Disney Parks and Resorts in November 2021 after she purchased a Dream Key, which allows guests to make reservations at Disneyland and California Adventure theme parks without additional charge for one year.

    The lawsuit said Nielsen purchased the Dream Key for $1,399 because Disney advertised it as having "no block-out dates."

    Disneyland in Anaheim, California.
    Disneyland in Anaheim, California.

    "Shortly thereafter, Ms. Nielsen attempted to use her Magic Key to make park reservations to visit Disneyland. She was, however, disappointed to learn that Disney had already blocked out many days, including all weekend days in the month of November 2021," the lawsuit read.

    Nielsen discovered she could make park reservations and purchase single-day passes for those dates, but they were unavailable to Dream Key holders, the lawsuit said.

    "The problem was not that park reservations were unavailable, or that the parks had reached their capacity and therefore could not provide reservations to its Dream Key pass holders," the lawsuit said. "The problem was that Disney had decided to block out otherwise available park reservations so that they were only available to new purchases and were not available to Dream Key pass holders."

    The Dream Key pass has since been discontinued.

    Disney denied any wrongdoing but agreed to the settlement in July 2023 to avoid trial. Nielsen will receive $5,000 from the settlement.

    Representatives for Disneyland and The Walt Disney Company did not respond to Business Insider's request for comment.

    Here's what Dream Key annual pass holders need to know.

    Who qualifies for the money?

    The official settlement website said people who purchased a Dream Key between August 2021 and October 2021 are automatically included. They do not have to opt into the settlement.

    People included in the settlement likely received a notice via postcard or email explaining the details.

    How much money will you receive?

    Each payout could vary, but people can expect an estimated $67.41.

    That's less than a standard one-day, one-park ticket to Disneyland, which starts at more than $100.

    Can you be excluded from the settlement?

    The deadline for objecting to the settlement or requesting to be excluded was January 15.

    As part of the agreement, class members have given up the right to sue Disney for claims that were resolved in the settlement.

    Read the original article on Business Insider
  • Derek Jeter finally found a buyer for his lake-front castle, but only after cutting the price in half

    Derek Jeter.
    Baseball Hall of Famer Derek Jeter.

    • Derek Jeter has a buyer willing to pay $6.3 million for his lake-front castle in upstate New York.
    • The Baseball Hall of Famer initially listed the property for over $14 million in 2018.
    • Named Tiedemann Castle, the property features a turret, bridge, waterfall, and fountains.

    After years of trying, New York Yankees legend Derek Jeter finally found a buyer for his lake-front castle in upstate New York.

    But only after he cut the sale price in half, The New York Times reported.

    He tried to get $14.25 million for the lavish property when he listed it in 2018, and he tried to sell it again at an auction in 2022. It finally went into contract in May for $6.3 million, according to the Times.

    Jeter's realtor declined to comment.

    Nestled on Greenwood Lake less than 50 miles north of Yankee Stadium, Jeter purchased the property in 2003 for $425,000 and made it a fortress fit for a king, Business Insider previously reported. Known as Tiedemann Castle, the home is 12,590 square feet, and the property features a turret, a bridge, a waterfall and fountains, and even a replica of the Statue of Liberty.

    The property has a family history, as well. Jeter's grandfather lived in the castle after he was adopted by the Tiedemann family, after whom the castle was named.

    It's not Jeter's first major property sale since his MLB retirement nearly a decade ago. In 2021, he sold a 21,796-square-foot mansion in Tampa for over $22 million.

    Read the original article on Business Insider