Spread the loveCalifornia state experiences a payroll contraction during the first eight months of 2025, marking the largest job decline since COVID. The state’s 5% unemployment rate is above the national average and has remained so for the past 19 consecutive months. Over 173,000 jobs disappeared from California from January to November 2025, a 14% annual increase, with the tech sector alone shedding 75,262 jobs.Fannie Mae is fleeing San Francisco to Birmingham in 2026 as it has become impossible to conduc ...

Core Insights - Walt Disney is undergoing a significant transformation in the media industry, with its linear TV business declining as streaming services gain dominance. Despite challenges, Disney's streaming business is performing well, and the company continues to lead at the box office with several potential blockbusters planned for 2026. However, the future of the movie theater business remains uncertain [1][9]. Group 1: Company Performance - Disney's experiences segment, which includes its parks and cruise ships, generated $36 billion in revenue and nearly $10 billion in operating profit in fiscal 2025, showcasing the strength of its intellectual property and franchises like Marvel and Star Wars [5]. - The stock is currently trading at around 17 times fiscal 2025 earnings, with expectations of double-digit EPS growth in fiscal 2026 and 2027, indicating that the valuation may be attractive given the value of Disney's media properties [7]. Group 2: Industry Context - The media industry is shifting, with streaming services becoming increasingly important, which may pressure Disney's results in the near term. However, the company has a history of adaptation and is expected to navigate these changes successfully [6][9]. - Warner Bros. Discovery, a competitor, is likely to be acquired for at least $72 billion, highlighting the value of content and intellectual property in the industry, which is a strong point for Disney as well [4].

As the calendar turns to January 1, 2026, the U.S. stock markets observe the New Year's Day holiday, with both the New York Stock Exchange (NYSE) and Nasdaq remaining closed for trading. This means no official pre-market or after-hours trading activity is taking place today. However, investors are keenly assessing the market's trajectory after a remarkably strong 2025 and looking ahead to the factors that will shape trading when markets reopen on Friday, January 2, 2026. Futures markets, though experiencing ...

作为好莱坞传统假日档期的开幕之作，《疯狂动物城2》首映周末即斩获约5.56亿美元的全球票房。影 片延续经典IP，让兔子警官朱迪与狐狸搭档尼克再度携手，在这座熙攘繁华的动物都市开启全新冒险篇 章。 目前全球票房仍未回升至2019年疫情前的水平，而这部续作的强势突围，无疑为Disney Animation Studios及院线方注入一剂强心针——在一年中第二大观影旺季，影片的火爆上座率正契合了各方的殷切 期待。 智通财经APP获悉，迪士尼(DIS.US)动画制作部门Disney Animation Studios周三表示，旗下新作《疯狂 动物城2》全球票房已超越2019年上映的《冰雪奇缘2》，创下该工作室历史最高票房纪录。在全球票房 尚未恢复至疫情前水平的当下，这一成绩显得尤为亮眼。 这部动画续作是Disney Animation Studios第五部全球票房突破10亿美元大关的影片。自感恩节周末首映 以来，其全球累计票房已高达14.6亿美元。 影片的火爆离不开中国市场的强劲助推——该片在中国内地的票房已超5.6亿美元。上映首周末，《疯 狂动物城2》便横扫中国票房市场，揽下约95%的票房份额，创下绝对优势。 ...

Core Insights - Walt Disney Animation Studios' "Zootopia 2" has become the highest-grossing film for the company, surpassing the previous record held by "Frozen 2" from 2019 [1] Financial Performance - The success of "Zootopia 2" represents a significant achievement for Disney in a year characterized by challenges in the global box office [1]

（央视财经《天下财经》）当地时间30日，美国司法部发布声明称，联邦法院已批准一项和解协议，迪 士尼公司同意支付1000万美元的罚款，以了结旗下两家公司涉嫌非法收集儿童用户数据的诉讼。 根据美国司法部向加州中区联邦地区法院提交的诉状，迪士尼公司旗下两家公司被指控向视频网站优兔 提供的部分视频，未按规定标注"供儿童"观看，从而得以收集在优兔网站收看相关内容的13岁以下儿童 的个人数据，并利用这些数据投放定向广告。美国相关法律规定，各类面向13岁以下儿童的网站、应用 程序和其他在线服务有必要把收集到的个人信息通知儿童父母，并在收集信息前获得可验证的家长许 可。 美国联邦贸易委员会此前对迪士尼公司提起诉讼，称其行为违反《儿童在线隐私保护法》。今年9月 份，迪士尼与该委员会达成和解协议，同意支付1000万美元罚款。该委员会随后按程序将和解协议、调 查记录、合规计划等移交司法部，由司法部提起诉讼并推进法院判决。 转载请注明央视财经 编辑：令文芳 美国司法部表示，联邦法院判决迪士尼公司支付1000万美元的民事罚款，同时禁止迪士尼以任何违反 《儿童在线隐私保护法》的方式在优兔平台运营，并须建立一套合规计划，确保其今后在相关平 ...

Market Overview - The Dow Jones Industrial Average closed down 94.87 points (-0.1958%) on December 31, 2025, reflecting a broader trend of lower stock futures and pressure on technology and AI stocks [1] - Year-end profit-taking and concerns about the technology sector, particularly AI-focused companies, were significant narratives influencing the market [2] Sector Performance - The S&P 500 and Nasdaq had a robust year with significant gains driven by advancements in AI [2] - Commodity markets, including gold, silver, and copper, saw notable upward movement after earlier declines [2] Company Highlights - Nike (NKE) was the top gainer in the Dow, rising 1.50% following news of its CEO's share purchase [3] - Other strong performers included Chevron (CVX) up 0.87%, UnitedHealth Group (UNH) gaining 0.74%, Boeing (BA) increasing 0.69%, and Walt Disney (DIS) advancing 0.60% [3] - IBM (IBM) was the biggest laggard, falling 1.32%, with other significant losers including Goldman Sachs (GS) down 0.98%, Cisco Systems (CSCO) declining 0.87%, Nvidia (NVDA) dropping 0.61%, and Walmart (WMT) decreasing 0.60% [3]

Core Viewpoint - The media and telecom sectors have experienced significant events over the past year, including tariff threats and megamergers, indicating a dynamic landscape that is expected to continue into the next year [1] Group 1 - The year has been marked by notable developments in media and telecom stocks, suggesting a volatile market environment [1] - Anticipation for further changes and events in the upcoming year is high, reflecting ongoing transformations within the industry [1]

智通财经APP获悉，美国司法部周二表示，迪士尼(DIS.US)已同意支付 1000 万美元的民事罚款，作为 和解协议的一部分，以解决有关其在上传至 YouTube 的部分视频中违反儿童隐私法的指控。 司法部的一项起诉书称，迪士尼全球服务公司(Disney Worldwide Services)和迪士尼娱乐运营公司(Disney Entertainment Operations)未能将上传至 YouTube 的部分视频正确标记为"面向儿童"。这导致迪士尼及其 代理方能够收集 13 岁以下儿童的个人数据，并将这些信息用于定向广告。 司法部民事司助理总检察长布雷特·舒马特在一份声明中表示："司法部坚定致力于确保家长在收集和使 用其子女信息方面拥有发言权。" 司法部补充称，该命令使 9 月份宣布的和解协议最终敲定，并要求迪士尼建立一个项目，以确保未来在 YouTube 上能严格遵守《儿童在线隐私保护条例》(COPPA)这一隐私法律。 该法律规定，针对 13 岁以下儿童的网站、应用程序和其他在线服务必须通知家长其收集了哪些个人信 息，并在收集此类信息前获得可验证的家长同意。 ...

在修改后的要约中，派拉蒙天空之舞没有提高每股30美元的全现金报价，但提高了监管反向终止费用 （分手费），以赶上奈飞，并延长了收购要约的截止日期。 分析师表示，奈飞的827亿美元报价虽然总体价值较低，但提供了更清晰的融资结构和更少的执行风 险。 根据协议条款，如果华纳兄弟放弃与奈飞的交易，它将面临28亿美元的分手费。 据知情人士透露，华纳兄弟探索公司可能拒绝派拉蒙天空之舞公司修改后的价值1084亿美元的敌意收 购，尽管亿万富翁拉里·埃里森个人担保支持该收购要约。 消息人士称，华纳兄弟董事会尚未做出最终决定，但预计将于下周召开会议。 这一决定可能使华纳兄弟继续与奈飞达成现金加股票的交易。，尽管派拉蒙天空之舞试图提高报价。 埃里森的儿子戴维·埃里森是派拉蒙天空之舞的董事长兼首席执行官。埃里森亲自担保了支持此次收购 的股权，希望能消除此前要约中存在的疑虑。 根据协议条款，如果华纳兄弟放弃与奈飞的交易，它将面临28亿美元的分手费。 据知情人士透露，华纳兄弟探索公司可能拒绝派拉蒙天空之舞公司修改后的价值1084亿美元的敌意收 购，尽管亿万富翁拉里·埃里森个人担保支持该收购要约。 消息人士称，华纳兄弟董事会尚未做出最终决定 ...