The Walt Disney Company has decided to discontinue one of its most popular theme park rides, Splash Mountain, due to progressive activists labelling it as ‘racist’, and replaced it with Tiana’s Bayou Adventure based on a little-known movie about a black princess. Disney has been already losing money on its film releases and most of its profits were generated by the experiences segment of the company, which too could be in jeopardy now.
Trading first started on the Budapest Stock Exchange on 18 January 1864, but the exchange was dismantled by the communist regime in 1948. After the regime change of 1989, securities trading restarted at last on 21 June 1990, exactly 34 years ago today.
The Hampton, New Hampshire-based gym company was forced to lower its annual financial forecasts, both for revenue and profit, admittedly due to the March 2024 controversy when a biological man was photographed shaving his face in the women’s local room at one of their locations in Fairbanks, Alaska.
The new oil deposit has been found by MOL in collaboration with another Hungarian company, O&GD Central Ltd. The new site is currently producing around 1,000 barrels of crude oil per day.
Conservative investor Nelson Peltz was trying to get new members elected to the board of directors at the 3 April shareholders meeting and thus steer the company away from their woke agenda, to no avail. The same woke board members retained their positions, to which the market, expecting a change, did not react well.
The Fed is not cutting the federal interest rate, and is keeping it at 5.5 per cent, the highest it has been since the early 2000s. Meanwhile in Hungary, the National Bank cut interest rates on 31 January.
The base interest rate has been cut for the third consecutive time, something that has not happened since 2020. These developments will greatly help eople who are looking to take out a mortgage, a business loan, or invest some money in stocks listed on the Budapest Stock Exchange.
Wizz Air has cancelled all flights to Israel until 15 November but is continuously reviewing the situation. The airline is in constant contact with Israeli, Hungarian, and international authorities, monitoring the events in Israel.
Airlines are systematically cancelling or suspending their flights to Israel since the Palestinian terrorist organization Hamas launched a comprehensive attack on the Jewish state on Saturday morning, resulting in hundreds of casualties. This resulted in significant drops in the companies’ share prices.
Target deciding to pull some of its controversial LGBT merchandise proves that the conservative consumer base in the United States does have considerable power to counteract the mainstream push of LGBTQ activism, even if the current administration is against them in that fight, unlike in Hungary.
Hungarian Conservative is a quarterly magazine on contemporary political, philosophical and cultural issues from a conservative perspective.