Author: Press Room
DirecTV filed a complaint Saturday with the Federal Communications Commission alleging Disney did not negotiate in good faith as the two sides remain at an impasse on a distribution deal. “Disney has violated the FCC’s good faith mandates by predicating any licensing agreement on DIRECTV’s waiving any legal claims on Disney’s past, current, or future anticompetitive actions, including its ongoing packaging and minimum penetration demands,” a DirecTV spokesperson told CNN on Sunday. In the 10-page complaint, DirecTV claimed the negotiations stalled because, “Disney insists on bundling and penetration requirements that a federal district court judge in New York recently found…
Introduction I don’t think JPMorgan (NYSE:JPM) needs to be introduced to any investor. As a US-based financial conglomerate, the financial institution is a household name. While I also like the company from an earnings perspective, its dividend yield is currently pretty low at 2.1%. That’s why I focused on the bank’s preferred securities in previous articles as I still believe the combination of owning common stock for capital gains and preferred stock for the income is the best way to be invested in JPMorgan. Data by YChartsNo need to be worried about JPMorgan’s ability to generate a profit – loan…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Tens of thousands of Brazilians joined an independence day rally called by members of the rightwing opposition in protest against a supreme court judge who banned Elon Musk’s social media platform X in the country. Dressed in the national colours of yellow and green, attendees at Saturday’s demonstration in São Paulo held posters demanding the removal of justice Alexandre de Moraes, who has attracted controversy for a wide-ranging crackdown on digital disinformation. “I came here today in favour of freedom of expression. The constitution…
Trump slams legal team as they look on. Maggie Haberman has theory why 2024 Republican presidential nominee Donald Trump publicly criticized his legal team as a few of them looked on. CNN political analyst Maggie Haberman explains why she thinks he made the remarks. Read the full article here
Recently, I was on a company trip with my husband who is a wealth advisor. It was an awards trip for high performers in his profession. It has been fun over the years to meet people across the country and become friends. In past years, the conversations focused on sharing best practices about how they structured, built, and enhanced their businesses. Now these friends are in the fourth quarter of their careers, and our conversations are shifting into less familiar territory. Everyone had worked very hard to become star contributors to their businesses. Now they were starting to ask each…
Mortgage rates dipped a bit this week, still holding steady around the mid-6% range while demand remains weak in the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.46% this week from 6.49% last week. The average rate on a 30-year loan was 7.23% a year ago. “Although mortgage rates have stayed relatively flat over the past couple of weeks, softer incoming economic data suggest rates will gently slope downward through the end of the year,” said Sam Khater, Freddie Mac’s chief economist. “Earlier…
Exchange-traded fund inflows have already topped monthly records in 2024, and managers think inflows could see an impact from the money market fund boom before year-end.”With that $6 trillion plus parked in money market funds, I do think that is really the biggest wild card for the remainder of the year,” Nate Geraci, president of The ETF Store, told CNBC’s “ETF Edge” this week. “Whether it be flows into REIT ETFs or just the broader ETF market, that’s going to be a real potential catalyst here to watch.”Total assets in money market funds set a new high of $6.24 trillion…
CIA Director William Burns believed there was a real risk in the fall of 2022 that Russia could use nuclear weapons on the battlefield against Ukraine, though he said the West should not be intimidated by Russian President Vladimir Putin’s threats. “None of us should take lightly the risks of escalation,” Burns said Saturday in a moderated conversation with the U.K.’s secret intelligence chief Richard Moore at the Financial Times Weekend Festival.”There was a moment in the fall of 2022 when I think there was a genuine risk of the potential use of tactical nuclear weapons,” Burns said.”I have never…
They’re not on any of the major television networks, but they have millions of viewers. Now, the Justice Department is alleging that some of the biggest stars in right-wing social media were, unwittingly, part of a sinister Russian operation to influence the 2024 US election. The personalities weren’t directly named or accused of wrongdoing by the Justice Department, but court documents unsealed Wednesday revealed Russian state media producers funneled nearly $10 million to an unnamed Tennessee-based online media company. The company, identified by CNN as Tenet Media, boasts a slate of high-profile right-wing commentators as “talent,” including Tim Pool, Benny Johnson, Lauren Southern, Tayler Hansen, Matt Christiansen and Dave Rubin, collectively boasting millions of followers across social media platforms. Two Russian state…
A Global Insurer the Bulls Have Been Chasing In this week’s series of articles, I am continuing on the theme of mega-insurers with an analysis of Chubb Limited (NYSE:CB). To best summarize what this firm does, here is what the company said about itself on its official website: With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. Chubb has more than $225 billion in assets and reported $57.5 billion of gross premiums written in 2023. Chubb’s core…
