The Federal Communications Commission voted Thursday to phase out regulations that made it harder for phone and internet service providers to swap out copper communications networks for fiber optic lines. The new framework, among other things, preempts state and local regulations that would delay the retirement of the aging infrastructure when companies have already received FCC permission to do s...
The Federal Communications Commission voted Thursday to phase out regulations that made it harder for phone and internet service providers to swap out copper communications networks for fiber optic lines. The new framework, among other things, preempts state and local regulations that would delay the retirement of the aging infrastructure when companies have already received FCC permission to do so. “For too long, outdated rules and regulations have forced providers to maintain aging copper infrastructure and to keep consumers on broken, antiquated networks,” FCC Chairman Brendan Carr said in a statement. Copper networks have long been responsible for carrying voice calls and internet traffic at modest speeds, but they are quickly becoming a liability for carriers like AT&T Inc. and Verizon Communications Inc. They are vulnerable to water damage and theft, and many manufacturers of the original networking parts have shuttered, making them difficult to repair. It’s also lucrative for telecommunications companies like AT&T to phase out copper and sell the network for parts. Carriers are estimated to be able to recover nearly 1 million metric tons of copper over the next decade. AT&T has said it will spend $6 billion a year just to keep its copper networks running. Thursday’s vote “effectively frees up those billions of dollars so that Americans can benefit from an upgrade to the types of modern, high-speed networks that they want and need,” Carr said. State, local and federal regulations have often prevented or slowed down the retirement of copper infrastructure because it’s long functioned as the network of last resort during emergencies, and some consumers are reluctant to transition away from it. With the advent of fiber and wireless technologies, the FCC has begun deregulating the copper phase-out process, and it has accepted alternative technologies as backups in emergencies, like a wirelessly connected home phone from AT&T. FCC Commissioner Anna Gomez said consu...
ProSiebenSat.1 Media SE ( PBSFF ): FY revenue of €3.68B (-6.1% Y/Y). Adjusted EBITDA amounted to €403M, representing a decline of 28% or€154M compared to the previous year. Adjusted EBITDA amounted to €403M, representing a decline of 28% or €154M compared to the previous year. Outlook for 2026: After the decline in 2025, the company expects slight organic revenue growth again in 2026, especially i...
ProSiebenSat.1 Media SE ( PBSFF ): FY revenue of €3.68B (-6.1% Y/Y). Adjusted EBITDA amounted to €403M, representing a decline of 28% or€154M compared to the previous year. Adjusted EBITDA amounted to €403M, representing a decline of 28% or €154M compared to the previous year. Outlook for 2026: After the decline in 2025, the company expects slight organic revenue growth again in 2026, especially in the entertainment segment. It expects net financial debt to remain stable at the end of the year compared to the end of 2025 (December 31, 2025: €1,343M). More on ProSiebenSat.1 Media SE ProSiebenSat.1 Media SE (PBSFY) Q4 2025 Earnings Call Transcript ProSiebenSat.1 Media SE 2025 Q4 - Results - Earnings Call Presentation Historical earnings data for ProSiebenSat.1 Media SE Dividend scorecard for ProSiebenSat.1 Media SE Financial information for ProSiebenSat.1 Media SE
Billionaire Ray Dalio , founder of the world's largest hedge fund, warned in late January that the global financial system is on the brink of what he calls a "capital war" amid rising geopolitical tensions -- and that was before an actual war in Iran began. The U.S. government has borrowed enormous sums and, unless something radical happens, borrowing will only accelerate. The deficit for the curr...
Billionaire Ray Dalio , founder of the world's largest hedge fund, warned in late January that the global financial system is on the brink of what he calls a "capital war" amid rising geopolitical tensions -- and that was before an actual war in Iran began. The U.S. government has borrowed enormous sums and, unless something radical happens, borrowing will only accelerate. The deficit for the current fiscal year (beginning Oct. 1) has already topped $1 trillion dollars. We now spend more on servicing the debt than we do on defense. This has mostly been manageable up to this point. Foreign buyers -- particularly China and Europe -- purchase large amounts of that debt , keeping Treasury yields relatively low. Dalio believes this could soon end. Continue reading
Tech giant Nvidia (NASDAQ: NVDA) reported Q4 revenue of $68.13 billion, up 73.2% year-over-year, while Palantir Technologies (NASDAQ: PLTR) posted Q4 revenue of $1.41 billion, up 70% year-over-year. Both are pure-play AI beneficiaries, but they sit at opposite ends of the stack: one sells the hardware that powers AI, the other sells the software that ... Nvidia vs Palantir: Which AI Stock is a Lon...
Tech giant Nvidia (NASDAQ: NVDA) reported Q4 revenue of $68.13 billion, up 73.2% year-over-year, while Palantir Technologies (NASDAQ: PLTR) posted Q4 revenue of $1.41 billion, up 70% year-over-year. Both are pure-play AI beneficiaries, but they sit at opposite ends of the stack: one sells the hardware that powers AI, the other sells the software that ... Nvidia vs Palantir: Which AI Stock is a Long-Term Buy?
SHAREHOLDER ALERT Bernstein Liebhard LLP Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Oracle Corporation (ORCL) TMX Newsfile
SHAREHOLDER ALERT Bernstein Liebhard LLP Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Oracle Corporation (ORCL) TMX Newsfile
MBDA, Europe’s biggest missile manufacturer, plans to expand production by 40% this year and work on interceptors, saying demand has surged since the outbreak of the Iran war. The company will support increased production by doubling its investment plan to €5 billion ($5.8 billion) by 2030, Chief Executive Officer Eric Beranger said at a news conference Thursday. It has an order backlog of €44.4 b...
MBDA, Europe’s biggest missile manufacturer, plans to expand production by 40% this year and work on interceptors, saying demand has surged since the outbreak of the Iran war. The company will support increased production by doubling its investment plan to €5 billion ($5.8 billion) by 2030, Chief Executive Officer Eric Beranger said at a news conference Thursday. It has an order backlog of €44.4 billion, he said. MBDA Missile Systems — a venture between Airbus SE , the UK’s BAE Systems Plc and Italy’s Leonardo SpA — has seen rising interest for missiles and interceptors since the outset of the Iran war, Beranger said. “After the shock of Ukraine, the shift from the rule of international order to the rule of brutal force, has again crossed a new threshold with the conflict in Iran,” he said in Paris. “The missile systems have emerged as a critical capability.” Demand is also coming from states that have come under an unprecedented number of ballistic missile attacks across the Persian Gulf region, he said. Iran is estimated to have launched more than 1,300 such attacks since Feb. 28, and more than 3,300 Shahed rudimentary cruise missiles. “As far as the Gulf states, we have direct contacts, they directly contact us, but they also talk with various governments,” he said. The wars in Ukraine and now the Middle East have remade Europe’s defense industry, unleashing a wave of military spending that has energized companies across the continent. The company will also decide by year’s end on a design for the Hydis hypersonic missile interceptor “to defend European populations” — developed with 19 partners across 14 European countries, he said. MBDA produced twice as many missiles last year than in 2023, and five times more Aster interceptors, while expanding and opening new sites and adding 2,700 employees, he said. In 2026, the company plans to hire another 2,800 people. “For products which are in high demand, we do not anymore produce to contract. We produce to stock,” he...
watch now VIDEO 4:09 04:09 President Trump: Iran is begging to make a deal Squawk on the Street President Donald Trump said Thursday that neither the spike in oil prices nor the slump in the stock market during the Iran war were as bad he had anticipated. In a Cabinet meeting, Trump expressed confidence in the war effort and said the economic damage will reverse. Addressing Treasury Secretary Scot...
watch now VIDEO 4:09 04:09 President Trump: Iran is begging to make a deal Squawk on the Street President Donald Trump said Thursday that neither the spike in oil prices nor the slump in the stock market during the Iran war were as bad he had anticipated. In a Cabinet meeting, Trump expressed confidence in the war effort and said the economic damage will reverse. Addressing Treasury Secretary Scott Bessent, the president said oil prices "have not gone up as much as I thought, Scott, to be honest with you. It's all going to come back down to where it was and probably lower." U.S. crude prices flirted with $100 a barrel earlier in the conflict but have come down as Trump has insisted that the fighting will end soon. In all, though, oil prices have surged more than 40% during the war, driving up the price of gasoline by more than $1 a gallon. On the stock market, the S&P 500 is off 4.8% in March and 6.5% from its record high earlier this year. Both metrics are benchmarks for how Trump views his economic successes. He harshly criticized former President Joe Biden when gas prices soared under his watch, and Trump has repeatedly noted that the Dow Jones Industrial Average crossed 50,000 in early February. Trump has side the economic damage will reverse once the war ends. "My predictions have been right," he said. Nevertheless, Wall Street economists in recent days have raised the odds of a recession over the next 12 months, with most arguing that unless the war ends soon, the damage to the economy through inflation and oil-related repercussions will cause a contraction. Major averages were negative as Trump spoke while oil rose more than 4%. Earlier in the day, Trump posted on social media that Iranian negotiators "better get serious, before it is too late." Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Ricardo Ceppi/Getty Images News In my previous coverage of Banco BBVA Argentina S.A. ( BBAR), I had highlighted my bullish case as follows: "[BBAR]...represents one of the most balanced exposures to the new Argentine economic cycle post-Javier Milei—a system that seeks to replace the rentier and inflationary model with a real credit model, based on efficiency and fiscal discipline." After years of...
Ricardo Ceppi/Getty Images News In my previous coverage of Banco BBVA Argentina S.A. ( BBAR), I had highlighted my bullish case as follows: "[BBAR]...represents one of the most balanced exposures to the new Argentine economic cycle post-Javier Milei—a system that seeks to replace the rentier and inflationary model with a real credit model, based on efficiency and fiscal discipline." After years of hyperinflation and banks living off a completely distorted real credit landscape, President Javier Milei's ultra-liberal agenda brought down inflation and made fiscal adjustments in a short period of time. The country's banking system was forced to operate with a real credit model—i.e., production-based economic activity, income, and consumption. As the regime transition cycle is not fast and is still in a stage of extreme credit pressure, forcing banks to increase provisions and thus pressuring margins and profit, the base case scenario today is for a recovery in ROE at least one quarter longer than anticipated, which, in my view, justifies BBAR's poor performance throughout this year. Data by YCharts In any case, I still remain constructive on the thesis in the long term, anticipating that not only BBAR, but the Argentine incumbent banks in general are arguably at the most challenging part of the macro cycle at this time, and normalization tends to be more visible as it proceeds in the second half of 2026. The End of Easy Profits Is Now Hitting the System Especially in the Argentine banking system, the macro cycle usually works as follows: (1) the economy improves; (2) inflation falls/interest rates fall; (3) profit falls first (end of carry trade); (4) credit worsens; (5) provisions rise; (6) only then does ROE start to grow again. For years, Argentina's banks operated in a somewhat "artificial" model where hyperinflation led to very high nominal interest rates, and with that, banks carried indexed government bonds and assets that repriced quickly. The result of this re...
Banks, governments and tech providers urged to upgrade security because current systems will soon be obsolete Banks, governments and technology providers need to be prepared for quantum computer hackers capable of breaking most existing encryption systems by 2029, Google has warned. The tech company said in a blogpost that quantum computers will pose a “significant threat to current cryptographic ...
Banks, governments and tech providers urged to upgrade security because current systems will soon be obsolete Banks, governments and technology providers need to be prepared for quantum computer hackers capable of breaking most existing encryption systems by 2029, Google has warned. The tech company said in a blogpost that quantum computers will pose a “significant threat to current cryptographic standards” before the end of the decade and urged other companies to follow its lead. Continue reading...