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Lachlan Murdoch's Control Of Fox And News Corp. Sets The Stage For M&A
Forbes· 2025-09-09 22:45
Core Insights - The Murdoch family saga has reached a significant turning point with Lachlan Murdoch securing long-term control of Fox and News Corp. through a new family trust, extending his leadership until 2050, effectively concluding the succession battle [1][2] Group 1: Leadership and Ideology - Lachlan Murdoch's control ensures that the media empire will continue to lean towards a right-leaning ideological direction, which is integral to its identity [2] - Col Allan, a former New York Post editor, emphasized that Lachlan's leadership provides security for the common-sense worldview that is critical for both the businesses and their audiences [2] Group 2: Future Speculations - Analysts are speculating on potential mergers between Fox and News Corp. now that the succession issue is resolved, questioning whether the new family trust will explore additional mergers and acquisitions [3] - Rupert Murdoch had previously advocated for a re-combination of Fox and News Corp. to better withstand industry pressures, although shareholders had concerns about consolidating power under Lachlan [4] Group 3: Industry Context - The ongoing pressures from cord-cutting and the need for scale in live news and sports may drive Fox to consider additional acquisitions, while News Corp. focuses on print and digital advertising [6] - The stability at the top of Fox and News Corp. could make the companies more appealing to private equity, wealthy businessmen, and tech giants, who may now view the Murdoch empire as less complicated for potential deals [8][9]
Ford Recalls 1.45 Million Vehicles Over Rearview Cameras Displaying ‘Blank' Or ‘Distorted' Images
Forbes· 2025-09-09 20:10
Core Points - Ford is recalling 1.45 million vehicles due to rearview camera issues, marking the latest in a series of recalls this summer [1][2] - The recall affects vehicles from model years 2015 to 2019, including various SUVs, trucks, vans, and Mustangs [1][3] - The rearview camera issue can cause a "blank, distorted or inverted image" when reversing [1] Recall Details - The recall impacts 1.45 million vehicles in the U.S., 122,000 in Canada, and approximately 300,000 in other markets [2] - Ford is aware of 18 accidents related to the camera issue, but no injuries have been reported [2] Affected Models - The recall includes models such as 2015-2019 Lincoln MKCs, 2015-2017 Lincoln Navigators, 2019 Ford Rangers, and various Ford F-series trucks among others [3] Driver Instructions - Drivers are instructed to take their vehicles to licensed Ford or Lincoln dealerships for free inspection, with faulty cameras being replaced at no cost [4] Background Context - Ford has issued multiple recalls this summer, including over 850,000 vehicles for fuel pump issues and 355,000 trucks for instrument panel failures [5] - Earlier in the year, Ford also recalled over a million vehicles due to rearview camera glitches that were resolved with a software update [5]
The Perfect 100% Critic Scored Amazon Prime Show Few People Know About
Forbes· 2025-09-09 19:42
'The Narrow Road to the Deep North' was a hit with critics but has not become a cultural phenomenonIngvar Kenne/Curio/Sony Pictures TelevisionIn the era of social media it is tough for critically-acclaimed shows to fly under the radar. No sooner do they debut on streaming platforms than viewers post about them online. Memes of scenes quickly go viral and posts start trending which brings shows to the attention of legacy media outlets. In turn, their coverage sparks further online chatter and the cycle begin ...
What We Know About The iPhone 17, AirPods Pro 3 And New Apple Watch
Forbes· 2025-09-09 19:31
Core Insights - Apple unveiled new products including the iPhone 17, AirPods Pro 3, and new Apple Watch models, focusing on enhancements to existing features and introducing new functionalities like live translation and ceramic shields [1][3][7] iPhone 17 Features - The iPhone 17 features a 6.3-inch display, improved scratch resistance with a ceramic shield, and enhanced camera quality. It is powered by the A19 chip, which offers faster performance and better battery life [3][4] - The iPhone 17 Pro includes an advanced heat dissipation system, the best battery life ever in an iPhone, and 48-megapixel cameras with significant optical and digital zoom capabilities [3] iPhone Air - The iPhone Air is described as the "most power-efficient" and "thinnest" iPhone, featuring a 6.5-inch display, aluminum frame, and a thickness of 5.6 millimeters. It utilizes 80% recycled titanium and has a 48-megapixel fusion camera [4] Pricing and Trade-In Offers - The starting prices for the new iPhones are $799 for the iPhone 17, $999 for the iPhone Air, and $1,099 for the iPhone 17 Pro, reflecting a $100 increase from the previous generation. The new models will only offer storage starting at 256GB [5] - Trade-in offers allow customers to receive up to $1,100 off when trading in an iPhone 13 Pro or newer [6] AirPods Pro 3 - The new AirPods Pro 3 will feature live translation capabilities, improved active noise cancellation, and longer battery life, priced at $249 [7][8] Apple Watch Updates - The Apple Watch 11 includes built-in 5G connectivity, 24-hour battery life, and is twice as scratch-resistant as its predecessor, with a price of $399. New models for the Apple Watch SE and Apple Watch Ultra were also introduced [9] Stock Market Reaction - Following the announcement of the iPhone 17, Apple shares fell by 1.6% to $234.07, marking a decline of approximately 6.5% year-to-date [10]
Is There Enough Carbon Storage To Solve Climate Change?
Forbes· 2025-09-09 18:30
Core Insights - The recent study published in Nature highlights a prudent limit of approximately 1,460 billion tonnes of CO₂ for geological storage, challenging previous estimates of 10–40 trillion tonnes [2][3] - The study emphasizes that carbon storage should be viewed as a scarce resource that requires careful budgeting and prioritization for high-value uses [3][7] - The current infrastructure for carbon capture is insufficient, with only about 50 million tonnes of CO₂ stored annually, far below the required levels for climate goals [4][5] Group 1: Storage Capacity and Limitations - The study reframes carbon storage as a limited resource rather than an unlimited option, necessitating prioritization towards hard-to-abate industries [3][7] - The real constraint is not the geological capacity but the speed of infrastructure development, with current projects only achieving a fraction of what is needed [4][5] - To achieve net-zero CO₂ by 2050, the global injection rate must reach approximately 8.7 billion tonnes per year, requiring a significant increase in operational storage sites [5][6] Group 2: Strategic Recommendations - Leaders should treat carbon storage as a scarce public good and explicitly budget it in national climate plans [8] - There is a need to build shared transport and storage hubs to facilitate interconnection, as many projects fail due to lack of infrastructure [8] - Financial support should be directed towards regions with robust storage capabilities to assist those lacking access, ensuring equitable distribution of resources [8]
White House Blames Biden For Downward Revision To Jobs Numbers
Forbes· 2025-09-09 17:25
ToplineThe Trump administration cast doubt on the integrity of the Bureau of Labor Statistics after it revised jobs data over the past year to show the U.S. economy added nearly 1 million fewer jobs than previously reported—echoing earlier claims made by President Donald Trump as he’s called for new leadership at the agency. President Donald Trump listens to questions from reporters after speaking on economic data in the Oval Office on August 07, 2025 in Washington, DC. (Photo by Win McNamee/Getty Images)Ge ...
Cracker Barrel Folds To Backlash Again—Abandons Restaurant Remodelings After Nixing New Logo
Forbes· 2025-09-09 17:25
ToplineCracker Barrel said Tuesday it would drop plans to remodel its restaurants to give them a brighter and more modern feel, another rollback in a whirlwind few weeks of controversy for the restaurant chain after it debuted and quickly abandoned a new logo in August. Cracker Barrel ditched plans to remodel its restaurants and use a new logo. (Photo by Tim Boyle/Getty Images)Getty ImagesKey FactsCracker Barrel said in a statement titled “We Hear You” it had so far remodeled four locations as part of a pla ...
Earnings Preview: Oracle Is In Focus — Here's What Wall Street Expects
Forbes· 2025-09-09 15:40
SAN FRANCISCO, CA - OCTOBER 22: Oracle co-founder and Chairman Larry Ellison delivers a keynote address during the Oracle OpenWorld on October 22, 2018 in San Francisco, California. The Oracle co-founder and Chairman kicked off the annual Oracle OpenWorld conference that runs through October 25th. (Photo by Justin Sullivan/Getty Images)Getty ImagesOracle is scheduled to report earnings after Tuesday’s close. The stock hit a fresh all-time high $260.87/share in July 2025 and is currently trading near 237/sha ...
US Added Nearly A Million Fewer Jobs Than Reported
Forbes· 2025-09-09 14:55
ToplineThe U.S. job market was weaker than originally reported over the previous year, according to a preliminary report released Tuesday by the Bureau of Labor Statistics, which previously drew the ire of President Donald Trump after downward revisions to jobs data. President Donald Trump criticized job reports featuring downward revisions in recent months. Copyright 2021 The Associated Press. All rights reserved.Key FactsEmployers added 911,000 fewer jobs in the 12 months ending March 2025, totaling about ...
A Weak Jobs Report Implies Lower Rates Ahead
Forbes· 2025-09-09 14:40
The Non-Farm Payroll numbers (NFP) spooked the equity markets on Friday with the DJIA off nearly -0.5% and the S&P by -0.3%. For the week, the table shows solid gains for the tech heavy Nasdaq and for the small cap Russell 2000. The far right column shows year-to-date gains at a significant rate but not quite rivaling those posted in 2024.The consolidated reporting charts are for informational purposes only and should not replace the official reporting made available by each index, custodian, market and/or ...