Last Tuesday, the Federal Communications Commission announced it has moved up a planned review of the broadcast licenses for eight Disney-owned ABC TV stations, citing concerns about their diversity, equity, and inclusion policies. The license review had been originally slated to begin in 2028. The FCC's announcement came amid a new round of complaints against ABC talk show host Jimmy Kimmel over ...
Last Tuesday, the Federal Communications Commission announced it has moved up a planned review of the broadcast licenses for eight Disney-owned ABC TV stations, citing concerns about their diversity, equity, and inclusion policies. The license review had been originally slated to begin in 2028. The FCC's announcement came amid a new round of complaints against ABC talk show host Jimmy Kimmel over certain political jokes he made on his show. We asked Seeking Alpha analysts Long Player and Daniel Jones what they thought would happen to Disney ( DIS ) if the FCC pulled the broadcast licenses. Long Player : There are a lot of possibilities here. A joint venture with whoever got the licenses or even a takeover is possible (or a controlling interest). Licensing the use of the content to others is a possibility as well. The thing to remember here is that content is all under one person at Disney with the directive to grow that business. So while the loss would definitely be an immediate challenge, I would expect Disney ( DIS ) to find its way around such a situation if it were to happen. The other thing to remember is that those licenses are spread out, which makes it highly unlikely that all licenses would be lost. In short, I don't expect it to be a long-term issue, especially given the rise of the internet and streaming, where there really are no FCC licenses. In fact, these worries may well be overblown due to the demise of legacy media in general. Given the strategy at Disney ( DIS ) to grow the business in general through the optimal use of all channels, I would not change my investment strategy in Disney at the current time. Plus, there is a whole world out there. You have to ask yourself if the U.S. can really afford to lose companies like Disney over something like that because it sets a terrible precedent for other companies. Daniel Jones : If the FCC issues a decision against the company, I would argue that Disney ( DIS ) would likely take the matter to court, w...
Shares of Advanced Micro Devices (NASDAQ: AMD) , which primarily makes central processing units (CPUs) and graphics processing units (GPUs) for enabling artificial intelligence (AI) in data centers, rocketed 74.3% in April, according to data from S&P Global Market Intelligence . To say this is an amazing monthly performance for a large-cap stock is a great understatement. For context, shares of AI...
Shares of Advanced Micro Devices (NASDAQ: AMD) , which primarily makes central processing units (CPUs) and graphics processing units (GPUs) for enabling artificial intelligence (AI) in data centers, rocketed 74.3% in April, according to data from S&P Global Market Intelligence . To say this is an amazing monthly performance for a large-cap stock is a great understatement. For context, shares of AI GPU leader Nvidia gained 14.4% in April. For additional context, last month the S&P 500 index returned 10.5%, and the tech-heavy Nasdaq Composite index returned 15.3%. So, AMD stock got a brisk tailwind from the overall market's strength. Indeed, both major indexes notched all-time highs in April, with each posting its best monthly performance since 2020. Continue reading
The fragile ceasefire between the US and Iran has continued into its third week. There are signs of a reopening of the Strait of Hormuz looming on the horizon. These are the major takeaways from what happened overnight. What did Trump say? President Donald Trump said on Sunday that the US would “help free up” ships stranded in the Strait of Hormuz within hours. No details were provided. “This proc...
The fragile ceasefire between the US and Iran has continued into its third week. There are signs of a reopening of the Strait of Hormuz looming on the horizon. These are the major takeaways from what happened overnight. What did Trump say? President Donald Trump said on Sunday that the US would “help free up” ships stranded in the Strait of Hormuz within hours. No details were provided. “This process, Project Freedom, will begin Monday morning, Middle East time,” Trump said in a social media...
Chinese robotics startup Linkerbot, the global market leader in highly dexterous robotic hands for humanoids, will seek a $6 billion valuation in its next financing round, double the valuation in a just-closed funding, the company said. Beijing-based Linkerbot completed what it called a “series B+” funding round last week that valued it at $3 billion. It did not say when the next funding round wi...
Chinese robotics startup Linkerbot, the global market leader in highly dexterous robotic hands for humanoids, will seek a $6 billion valuation in its next financing round, double the valuation in a just-closed funding, the company said. Beijing-based Linkerbot completed what it called a “series B+” funding round last week that valued it at $3 billion. It did not say when the next funding round will be launched or whether it was targeting the previously undisclosed $6 billion valuation in a private investment round or in an initial public offering.
Elon Musk‘s orbital datacenter goals may have gotten a boost following Alphabet Inc. CEO Sundar Pichai‘s comments about space-based AI compute earlier this month. AI Compute Satellites In a post on the social media platform X, influencer Peter Diamandis shared that Pichai had predicted that space-based AI datacenters would be the “normal” way of building out AI compute within a decade, referring t...
Elon Musk‘s orbital datacenter goals may have gotten a boost following Alphabet Inc. CEO Sundar Pichai‘s comments about space-based AI compute earlier this month. AI Compute Satellites In a post on the social media platform X, influencer Peter Diamandis shared that Pichai had predicted that space-based AI datacenters would be the “normal” way of building out AI compute within a decade, referring to Pichai’s comments from an April interview with Fortune, adding that Musk had been saying this “for
(RTTNews) - Ahead of Friday's holiday for Labor Day, the Taiwan stock market had finished lower in three straight sessions, sinking more than 700 points or 1.8 percent along the way. The Taiwan Stock Exchange now sits just above the 38,925-point plateau although it may stop the
(RTTNews) - Ahead of Friday's holiday for Labor Day, the Taiwan stock market had finished lower in three straight sessions, sinking more than 700 points or 1.8 percent along the way. The Taiwan Stock Exchange now sits just above the 38,925-point plateau although it may stop the
Hong Kong should develop its shipping insurance and management capabilities, among other areas, to strengthen its status as a global maritime hub amid intensifying geopolitical tensions, former city leader Leung Chun-ying has said. Leung, in his capacity as co-founder and honorary adviser to the Hong Kong Chamber of Shipping, said in a wide-ranging interview last week that the city should adopt bi...
Hong Kong should develop its shipping insurance and management capabilities, among other areas, to strengthen its status as a global maritime hub amid intensifying geopolitical tensions, former city leader Leung Chun-ying has said. Leung, in his capacity as co-founder and honorary adviser to the Hong Kong Chamber of Shipping, said in a wide-ranging interview last week that the city should adopt big-picture thinking when it came to unpredictable global developments to minimise exposure to...
Marijuana stocks experienced a short-lived surge back on April 22. Tilray Brands (NASDAQ: TLRY) was no exception. The boost was triggered by news of the Department of Justice's plans to reschedule regulated marijuana products from Schedule I to Schedule III of the Controlled Substances Act. However, soon after this rally took shape, these same stocks coughed back their gains, and then some. After ...
Marijuana stocks experienced a short-lived surge back on April 22. Tilray Brands (NASDAQ: TLRY) was no exception. The boost was triggered by news of the Department of Justice's plans to reschedule regulated marijuana products from Schedule I to Schedule III of the Controlled Substances Act. However, soon after this rally took shape, these same stocks coughed back their gains, and then some. After surging from around $7 to around $8 per share in a matter of hours, Tilray stock dropped closer to $6. Continue reading
China Tries To Assert Dominance Over Canada After Carney Trade Deal Historically speaking, crawling to communists for help has never been a good idea; there's always a catch. By extension, making trade deals with China and the CCP from a position of weakness usually ends with diplomatic concessions instead of mere economic concessions. That is to say, the Chinese are less interested in economic be...
China Tries To Assert Dominance Over Canada After Carney Trade Deal Historically speaking, crawling to communists for help has never been a good idea; there's always a catch. By extension, making trade deals with China and the CCP from a position of weakness usually ends with diplomatic concessions instead of mere economic concessions. That is to say, the Chinese are less interested in economic benefits, and more interested in political submission. Canadians are about to speed run this lesson after Prime Minister Mark Carney's "new strategic partnership" formed with China early this year. The announcement has been heralded as a pragmatic reset in Canada-China relations after years of tensions, aimed at diversifying Canada’s trade amid U.S. tariffs under Trump. The goals of the deal include increased bilateral trade, agricultural agreements, currency swaps and energy exports. The problem is, Carney also wants Canada to maintain its relationship with Taiwan, which the CCP views as a violation of their "One China" policy. Not surprisingly, China is already using their newfound economic leverage to pressure Canada to submit to their demands on Taiwan. Chinese Ambassador to Canada, Wang Di, has warned that the new strategic partnership between Canada and China could be damaged if Canada continues sending parliamentarians (MPs and senators) to Taiwan, or if they continue transiting warships through the Taiwan Strait. Wang emphasized the One China principle, stating there is "only one China in the world, and Taiwan is an inalienable part of China’s territory." He described Taiwan as a core interest and political foundation for bilateral relations, warning that official engagements by Canadian parliamentarians with Taiwanese officials would be "hurtful." 🚨CHINA ISSUES ULTIMATUM🚨 First, Carney pulls MPs out of Taiwan. Now China is warning Canada not to go back - and not to send ships either. Carney told Canadians he was dealing with China because the U.S. was "unreliable". S...