Here's your midday brief for Thursday, November 13th. I'm Zoe Colkin for the Wall Street Journal.

A key Disney operating profit measure fell 5% in the company's latest quarter, while revenue was nearly

unchanged from last year. The $22.46 billion in sales fell short of Wall Street expectations,

and shares are down in morning trading. The company's parks and streaming businesses posted profit

gains, but investors remain worried about Disney's ability to manage the transition from

traditional TV to streaming and to execute on the multi-billion dollar

investments it is making in theme parks and cruise ships. Disney says it will return more cash to investors,

doubling stock buybacks, and increasing its dividend. We are exclusively reporting that

cursor, a startup that makes an AI coding tool favored by engineers,

has raised $2.3 billion in its third funding round this year,

valuing the company at $29.3 billion.

New investors include Google, which provides AI services in cloud computing to the startup,

and Nvidia, an enterprise customer.

Cursor's tool launched in 2023 and has a cult following in tech, with fans including the

CEOs of NVIDIA and Stripe.

Cursor has rebuffed acquisition interest from a number of major AI companies, according to people

familiar with the matter.

And the IRS says workers will be able to contribute as much as $24,500

in their 401ks in 2026, up $1,000 from the maximum contribution limit this year. For IRAs,

the maximum contribution is increasing $500 to $7,500. If you're 50 years old and older, you can contribute more money to those accounts.

401Ks and IRAs are the main way Americans save for retirement,

and the limits on annual contributions are raised every year to adjust for inflation.

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