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At a storied company like Disney, the streaming era is bringing a windfall.

The company said it expects a more than $1 billion profit in its streaming division next fiscal year, as it reported better-than-expected earnings and guidance Thursday. Investors celebrated and shares reached their highest price since early May, ending up 6%.

Disney said it expects a $875 million jump in operating profits for its direct-to-consumer entertainment division—which includes its Disney , Hulu and ESPN streaming services—for the 12-month period ending next September.

Still, the entertainment giant remains more than 40% below its all-time high share price from March 2021, and has lagged behind the broader market and rival Netflix.

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Tesla’s post-election rally lost steam again Thursday, with its stock entering correction territory as shares of the company led by centibillionaire Elon Musk suffered their second 5% or worse loss in three days. The decline was accelerated by a Reuters report on the Trump transition team reportedly moving to end the $7,500 federal tax credit for electric vehicle purchasers. Still, Tesla stock is up 23.8% since last Tuesday.

President-elect Donald Trump’s pick for attorney general, Florida Rep. Matt Gaetz, resigned from his House seat Wednesday, but despite making a name for himself in Congress, he hasn’t made an enormous amount of money. It’s doubtful that Gaetz needs much cash, since his father has a fortune of about $35 million, per his Florida disclosures.

MORE: The House Committee on Ethics has been investigating Gaetz on allegations including sexual misconduct, illicit drug use and accepting improper gifts, and had been scheduled to vote Friday on whether or not to release its report, according to Punchbowl News. Forbes found five examples in which lawmakers or congressional staff opted to publicly share details about ethics investigations involving members or staffers who had resigned or were on their way out.

The U.S. is reportedly investigating Citigroup’s connection to Suleiman Kerimov, a sanctioned Russian billionaire whom American officials say financially benefited from corruption in the Russian government. The Justice Department, the FBI and the IRS are probing the services Citigroup provides for Heritage Trust, which holds assets belonging to Kerimov, people familiar with the matter told Bloomberg.

Alexandre Arnault, son of LVMH CEO and world’s fifth-richest person Bernard Arnault, was named deputy chief executive of the Moët Hennessy brand,........

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