Foxtel headquarters are seen at North Ryde on June 20, 2012 in Sydney.Cameron Spencer | Getty Images News | Getty ImagesNews Corp and telco Telstra have agreed to sell their Australian cable TV and streaming company Foxtel to British sports platform DAZN, valuing the struggling business at A$3.4 billion ($2.1 billion), including debt.As part of the deal, shareholder loans valued at A$578 million outstanding will be repaid in full and Foxtel’s current debt will be refinanced at closing.News Corp will hold a 6% stake in DAZN and Telstra will own 3% of the London-headquartered global streaming platform backed by billionaire Len Blavatnik.Foxtel…
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Traders work on the floor at the New York Stock Exchange on Dec. 10, 2024.Brendan McDermid | ReutersStock futures edged up in overnight trading Sunday as the market gears up for a holiday-shortened trading week.Futures on the Dow Jones Industrial Average gained about 100 points. S&P 500 futures rose 0.3% and Nasdaq 100 futures climbed 0.4%.Trading is expected to be relatively muted during the week. The New York Stock Exchange closes early Tuesday for Christmas Eve at 1 p.m. ET, and the market is shut on Christmas Day.Investors are hopeful that a so-called Santa Claus rally may help the market…
NFL Week 16 is in full swing, with three games already in the books after Thursday and Saturday’s action. Sunday and Monday will bring another 13 hotly contested matchups as teams continue to fight to secure tickets to the postseason or garner a small degree of respectability after disappointing campaigns.Three AFC teams — Kansas City, Buffalo and Houston — have clinched their divisions. Five more teams — Baltimore and Pittsburgh in the AFC; Detroit, Philadelphia and Minnesota in the NFC — have also secured playoff berths. The number of division champs or playoff qualifiers could expand by Monday night.Here’s a…
Couple looks at light-emitting diode illuminations ahead of Christmas in Tokyo, JapanKiyoshi Ota | Bloomberg | Getty ImagesAsia-Pacific markets were set to start the holiday-shortened Christmas week on a positive note, after a U.S. government shutdown was averted over the weekend.On Monday, investors will be looking out for any official announcement related to the merger of Japanese automakers Honda Motor and Nissan Motor. Japanese media outlet Jiji Press has reported that the announcement could come as early as Monday.This comes after Nissan shares saw a record surge last Wednesday, following a media report that the struggling Japanese automaker was looking to merge with Honda.Japan’s…
The “Great Wealth Transfer” is in full swing, as over $100 trillion is expected to be transfered from older generations to their heirs through 2048, according to Cerulli Associates. Goodboy Picture Company | E+ | Getty ImagesAs the baton of wealth is inherited by younger generations, the heirs of wealthy families are taking a more active role in the impact they seek to create in the world by using the traditionally monolithic family office for more innovative, value-based investments.The great wealth transfer is in full swing as over $100 trillion is projected to be passed down from the older generations to…
The second round of the first 12-team College Football Playoff will be a combination of turn-back-the-clock traditional bowl games and odd matchups in strange sites. Hopefully, the games will be more competitive after the first round produced four home team victories by a combined 77 points.GO DEEPERThere aren’t a lot of firsts at Notre Dame. This was one of themWhere: Fiesta Bowl (Glendale, Ariz.)When: Dec. 31, 7:30 p.m. ET on ESPNHistory lessonThe Nittany Lions and Broncos have never played, but they both have history in Arizona. A case could be made that each program’s greatest victory occurred at the Fiesta…
Broadcom is more likely to deliver big gains for investors in 2025 than AI chip leader Nvidia , as major technology companies seek to reduce their dependence on a single supplier, according to fund manager Stephen Yiu. Yiu, portfolio manager of the Blue Whale Growth Fund, said that while Big Tech giants, such as Microsoft , Amazon , Google and Meta Platforms , had bought up Nvidia’s graphics processing units (GPUs) in vast quantities, they were now also developing their own custom chips for artificial intelligence applications in an effort to diversify. “Broadcom is not Nvidia, but we would expect…
Government censorship, scam accounts, celebrity impersonation, propaganda and a user revolt over a journalist accused of demonizing trans people — these are just some of the hurdles faced by the nascent social media platform Bluesky. But they’re also signs of its rapid growth since the election.As Bluesky attracts more activity, particularly from those fleeing Elon Musk’s X, it is facing the price of success: tough moderation decisions and a growing number of bad actors.Nearly 25 million people have signed up for the platform, according to metrics site ClearSky. While that number is still a fraction of X’s user base, Bluesky’s controversies and challenges…
Before “Fox NFL Sunday” goes live on air, Howie Long is seen writing. Ask the colleagues around him on the set, and they’ll say he’s always writing.Michael Strahan teases Long about it. Jimmy Johnson laughs at what he calls “volumes” of notes. Terry Bradshaw lovingly calls the often-serious Long “boring” when he doesn’t chime in on jokes — primarily because he’s focused on his notes. Jay Glazer said Long’s handwriting is so small that he has no idea how Long reads his notes.No matter the situation, Long makes sure to jot down detailed notes—even if he admits to using less…
Amtrak Locomotive Engineer Davis Grilley drove The Winter Park Express from Denver Union Station to Winter Park in Winter Park, Colorado on Friday, December 20, 2024. Hyoung Chang | Denver Post | Getty ImagesAmtrak temporarily suspended all train service between New York and Philadelphia Sunday morning due to downed overhead power wires that were blocking the tracks.The delays and cancellations come at one of the busiest travel periods of the year, just days before the Christmas, Hanukkah and Kwanzaa holidays and as the region faces freezing temperatures.The travel suspension first occurred around 7 a.m. ET, with estimates of resumption only around…
