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  • Disney’s Kevin Mayer Exiting to Become CEO of TikTok

    Disney’s Kevin Mayer Exiting to Become CEO of TikTokClick here to read the full article. Disney veteran Kevin Mayer is leaving the company to become CEO of TikTok, the short-form video platform.Mayer also is being named chief operating officer of ByteDance, TikTok's parent company. He most recently was chairman of Disney’s Direct-to-Consumer and International segment since its founding in 2018. In that role, he oversaw the launches of Disney Plus and ESPN Plus and the integration of Hulu.At Disney, Mayer also served as the company’s chief strategy officer and was instrumental in facilitating a number of strategic acquisitions, including the acquisition of 21st Century Fox and BAMTech.“Kevin has had an extraordinary impact on our company over the years, most recently as head of our direct-to-consumer business,” Disney CEO Bob Chapek said in a statement. “He has done a masterful job of overseeing and growing our portfolio of streaming services, while bringing together the creative and technological assets required to launch the hugely successful Disney Plus globally."Chapek continued, "Having worked alongside Kevin for many years on the senior management team, I am enormously grateful to him for his support and friendship and wish him tremendous success going forward.”Mayer first joined Disney in 1993 let strategy and business development for all of Disney's Interactive/Internet and television businesses worldwide. Later, he became executive VP of the internet group, responsible for the operations, business plans, creative direction and distribution of Disney's popular Web sites, including ESPN.com and ABCNews.com.In 2000, he left Disney to become CEO of Clear Channel Interactive and two years after moved to LEK Consulting, where he served as partner and head of the global media and entertainment practice before rejoining Disney in 2005 as EVP of corporate strategy.

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  • Silver Price Daily Forecast – Silver Continues Its Upside Move

    Silver Price Daily Forecast – Silver Continues Its Upside MoveSilver tests the $17.50 level but news about a potential vaccine for COVID-19 cause a sell-off.

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  • 5 things to watch on the ASX 200 on Tuesday

    ASX share

    On Monday the S&P/ASX 200 Index (ASX: XJO) started the week on a very positive note. The benchmark index climbed 1% to 5,460.5 points.

    Will the market be able to build on this on Tuesday? Here are five things to watch:

    ASX 200 expected to surge higher.

    It looks set to be fantastic day for the ASX 200. According to the latest SPI futures, the benchmark index is expected to jump 105 points or 1.9% higher at the open. This follows a great start to the week on Wall Street which saw the Dow Jones rise 3.85%, the S&P 500 climb 3.15%, and the Nasdaq index storm 2.45% higher.

    Moderna coronavirus vaccine success.

    The catalyst for the strong night of trade on Wall Street (and Europe) was a very successful phase one trial of a coronavirus vaccine by Moderna. According to the pharmaceutical giant’s release, the early-stage human trial for a coronavirus vaccine produced COVID-19 antibodies in all 45 participants. This has sparked hopes that an effective vaccine could be ready in the near future.

    Oil prices rocket.

    Energy producers such as Oil Search Limited (ASX: OSH) and Santos Ltd (ASX: STO) could storm higher today after oil prices rocketed higher overnight. According to Bloomberg, the WTI crude oil price jumped 11.8% to US$32.89 a barrel and the Brent crude oil price stormed 9.5% to US$35.58 a barrel.

    Gold price sinks lower.

    After a strong day on Monday, gold miners including Newcrest Mining Limited (ASX: NCM) and St Barbara Ltd (ASX: SBM) could give back some of their gains on Tuesday. Overnight the gold price sank lower after investors sold off risk off assets due to the vaccine news. According to CNBC, the spot gold price fell 1.35% to US$1,732.90 an ounce.

    TechnologyOne results.

    The TechnologyOne Ltd (ASX: TNE) share price will be on watch today when the enterprise software company releases its half year results. With its shares changing hands at 50x estimated forward earnings, investors clearly are expecting a strong update. All eyes will be on its SaaS business which has been driving strong profit growth.

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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

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