Latest news with #GregPeters
Yahoo
a day ago
- Automotive
- Yahoo
Man who flipped car over onto roof is handed driving ban
A MAN who had been drinking when he flipped his car over onto its roof while driving through Marston Magna has been given a 16-month driving ban by the courts. Ronnie Andrew Howes had been drinking before getting behind the wheel and being involved in a single vehicle accident on the A359. After being taken to hospital for checks he provided a blood sample which showed he was over the limit, Somerset Magistrates were told. Howes, 35, of Hood Road, Yeovil pleaded guilty to a charge of drink driving on November 2 last year. Prosecutor Genna Morgan said on the day in question the police were alerted at 1.45pm of an accident involving a single car on the A359 at Marston Magna. MORE COURT NEWS: Motorist - who swerved to avoid pothole and crashed - is banned for drink driving 'When they arrived they found a vehicle on its roof and could see the driver was under the influence of something, was slurring his words and smelt of alcohol,' she said. Howes was checked over by paramedics and taken to hospital and a blood test revealed a reading of 129mlg of alcohol in 100ml of blood. The legal limit is 80mlg of alcohol. Defending solicitor Greg Peters said his client blamed the incident on a 'moment of madness.' 'He says it will have a profound effect on his life both physically and mentally as he now has a serious wrist injury and limited mobility,' he said. MORE COURT NEWS: Teenager on motorbike - with cocaine and cannabis in system - fled from police 'He is grateful that nobody else was hurt and just cannot explain why he drove that day.' At the time Howes was homeless but had just secured a new job and would now be investing in a bike to be able to get to work. Alongside the driving disqualification the magistrates fined him £461 with a £184 victim surcharge and £85 costs.
Irish Times
3 days ago
- Business
- Irish Times
Foreign tax provision in Trump budget bill spooks Wall Street
Wall Street is warning that a little-publicised provision in US President Donald Trump's budget bill that allows the government to raise taxes on foreign investments in the US could upend markets and hit American industry. Section 899 of the bill that the House of Representatives passed last week would allow the US to impose additional taxes on companies and investors from countries that it deems to have punitive tax policies. Investors, US companies with foreign owners and international firms with American branches could all be affected, potentially chilling corporate investment and fuelling a retreat from US assets. This retreat, hastened by the Trump administration's tariff policies, comes as the US is more dependent than ever on foreign investors to buy its growing stock of government debt. READ MORE 'This is a market-spooking event, hitting already fragile confidence, particularly from foreign investors,' said Greg Peters, co-chief investment officer at PGIM Fixed Income. 'It's all self-inflicted wounds at a time when you have a lot of debt that needs to get financed here. So the timing is really quite poor.' Ford Chief Lisa Brankin on accelerating the switch to EVs Listen | 41:35 A senior executive at a major Wall Street bank said: 'This is one of the more worrisome ideas to have come out of DC this year. If it goes forward, it will definitely cool foreign investment in the US.' Morgan Stanley analysts said Section 899 would probably put pressure on the dollar, adding that it 'disincentivises foreign investment', while JPMorgan noted that it had 'significant implications for both US and foreign corporations'. [ US-China trade talks 'stalled', says Scott Bessent Opens in new window ] The measure targets countries with what the US calls 'unfair foreign taxes'. Most European Union countries, the UK, Australia, Canada and others around the world would be affected, according to law firm Davis Polk. For foreign investors, Section 899 would increase taxes on dividends and interest on US stocks and some corporate bonds by 5 percentage points every year for four years. It would also impose taxes on the American portfolio holdings of sovereign wealth funds, which are at present exempt. 'The long-term implications [are] going to be quite severe for international companies operating in the United States,' said Jonathan Samford, president of the Global Business Alliance, a trade group representing the largest foreign multinationals investing in the US. 'This provision is not going to impact bureaucrats in Paris or London. It's going to impact American workers in Paris, Kentucky, and London, Ohio.' Tim Adams, chief executive of the Institute of International Finance, which represents 400 of the world's biggest banks and financial institutions, said that 'at a time when the administration is actively seeking foreign investment in the US to support job creation, capital formation and reshoring of manufacturing capability, this could be counter-productive'. Mr Adams added: 'Any disruption to the flow of capital and foreign direct investment could have negative unintended consequences for American companies, jobs and economic competitiveness.' While foreign investors in US stocks and some corporate bonds may face higher taxes, it is unclear whether that tax would extend to treasury debt, according to several analysts and investors. Interest earned on treasuries is usually tax-exempt for investors based outside the US, and making that taxable would represent an enormous change from current policy. 'Section 899 is legally ambiguous regarding a potential tax on treasuries ,' said Lewis Alexander, chief economic strategist at hedge fund Rokos Capital Management. 'Taxing treasuries could be counterproductive as any potential revenues likely would be outweighed by a resulting increase in borrowing costs [as investors sell the debt].' But even if treasuries were not directly taxed, Section 899 would represent another concern for international holders of US debt when many are wary of the country's gaping deficit and vacillating tariff policies. 'Our foreign clients are calling us panicked about this,' said a managing director at a large US bond fund. 'It's not totally clear whether treasury holdings will be taxed, but our foreign investors are currently assuming they will be.' – Copyright The Financial Times Limited 2025
Yahoo
6 days ago
- Business
- Yahoo
3 Key Reasons to Buy Netflix Stock Beyond its 33% Year-to-Date Surge
Netflix NFLX has already delivered impressive returns to investors in 2025, with shares climbing 33% year to date, significantly outpacing other streaming competitors like Apple AAPL, Amazon AMZN, and Disney DIS, as well as the broader Zacks Consumer Discretionary sector and the S&P 500. Shares of Apple, Disney and Amazon have lost 22%, 1.5% and 8.4%, respectively, in the same time savvy investors shouldn't let this stellar performance deter them from considering the streaming giant as a long-term investment opportunity. Netflix has set its sights on an ambitious target that has caught the attention of investors worldwide: doubling its revenues by 2030 and achieving a $1 trillion market discuss three fundamental reasons why Netflix stock remains an attractive buy, even after its significant appreciation. Image Source: Zacks Investment Research Netflix recently showcased a remarkable ability to exceed expectations across key financial metrics. The streaming leader delivered earnings per share of $6.61, crushing analyst estimates of $5.68 by an impressive 16.37%. This substantial beat wasn't a one-time occurrence but represents a consistent pattern of outperformance, with Netflix surpassing EPS expectations in four consecutive growth remained robust at $10.54 billion, slightly above the $10.50 billion consensus estimate. More importantly, the company maintained its strong operational discipline, guiding for a 29% operating margin for the full year while projecting $8 billion in free cash flow for 2025. This financial strength provides Netflix with substantial flexibility to continue investing in content while returning cash to shareholders through share Zacks Consensus Estimate for NFLX's 2025 revenues is pegged at $44.46 billion, indicating 13.99% year-over-year growth. The consensus mark for earnings is pegged at $25.32 per share, indicating a 27.69% increase from the previous year. Image Source: Zacks Investment Research See the Zacks Earnings Calendar to stay ahead of market-making company's member retention and acquisition trends remain healthy, with Co-CEO Greg Peters noting that retention characteristics for new subscribers joining during major live events like the Paul-Tyson fight and NFL Christmas Day games mirror those of members who join for other premium content. This indicates Netflix's ability to convert event-driven viewers into long-term subscribers, creating sustainable growth momentum. Netflix's advertising business represents perhaps the most compelling growth catalyst for the company's future. Management expects advertising revenues to roughly double in 2025, driven by the successful rollout of their proprietary ad technology platform across key markets. The company has already launched its first-party ad tech suite in Canada and the United States, with the remaining 10 ad-supported markets scheduled for rollout in the coming technological advancement provides Netflix with unprecedented control over the advertising experience, enabling more sophisticated targeting capabilities and improved buyer experiences. The platform now offers targeting based on Netflix's unique data, including life stage, interests, and viewing mood, while also supporting advertisers' own onboarded audiences and third-party vendor segments. Co-CEO Peters emphasized that this enhanced targeting capability, combined with Netflix's vast content library, creates superior campaign outcomes for advertisers while improving the member advertising opportunity extends far beyond current achievements. Netflix represents only about 6% of consumer spend and ad revenues in the markets it serves, indicating massive room for expansion. With the company's relatively small current advertising footprint providing insulation from broader market softness, Netflix is well-positioned to capture increasing market share as its ad platform matures and advertisers recognize the platform's unique value proposition. Netflix's content strategy continues to evolve and strengthen, with recent announcements demonstrating the company's commitment to premium storytelling across diverse genres and markets. The partnership with Dan Brown for a new Robert Langdon thriller series, co-created with acclaimed showrunner Carlton Cuse, exemplifies Netflix's ability to attract top-tier creative talent and proven intellectual properties. Brown's Langdon series has sold 250 million copies globally and been translated into 56 languages, providing a ready-made international company's global content investment strategy remains robust, with Co-CEO Ted Sarandos highlighting recent commitments, including $1 billion in Mexican production, $2.5 billion in Korean content, and continued expansion across 50 countries worldwide. This localized content creation not only serves regional audiences but also travels globally, creating additional value from each live programming strategy continues to gain traction, with successful events like the Taylor-Serrano fight in July and the expansion to all-day NFL football on Christmas Day 2025. These events generate outsized conversation, acquisition, and retention benefits while commanding premium advertising rates. The company's ability to blend live sports and entertainment with its core on-demand offerings creates a differentiated value proposition that competitors struggle to match. Netflix's combination of strong financial performance, revolutionary advertising capabilities, and expanding content moat positions the company for continued success. While Netflix trades at a premium with a forward 12-month P/S ratio of 10.84 compared to the broader Zacks Broadcast Radio and Television industry's forward earnings multiple of 3.7, this valuation appears justified given the company's unique position at the intersection of technology and entertainment. Netflix's ability to outcompete both traditional media companies and tech giants speaks to its exceptional business model and execution. Image Source: Zacks Investment Research Investors seeking exposure to the streaming leader should consider Netflix's proven execution ability and multiple growth vectors that extend well beyond its impressive year-to-date performance. NFLX currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
CBC
6 days ago
- General
- CBC
King Charles hails 'incredible opportunity for Canada' in throne speech
Now that the King is in the Senate, eyes will turn to the Usher of the Black Rod. The Usher is the King's messenger in Parliament and is also responsible for Senate security and other ceremonial and administrative duties. The job originated in England in 1348. Former RCMP superintendent Greg Peters has served in the role in Canada since 2013. The job title derives from the ebony rod he carries, which is a symbol of royal authority. Peters will be sent to the House of Commons to summon the MPs. But when he arrives at the House he will find the doors shut — again due to the idea of parliamentary independence and the King being barred from the House. The Usher will use the base of the rod to knock three times on the doors and ask permission to enter. He will then tell the MPs that the King requests their presence in the Senate for the throne speech. Most MPs will then follow Peters out and begin to make the trek to the Senate building. Traditionally, it's a short jaunt down the halls of Centre Block. But due to ongoing renovations the upper chamber has a temporary home at the Senate of Canada building — Ottawa's former train station, which is just down Wellington Street from the Parliament buildings.
CBC
6 days ago
- General
- CBC
King Charles delivers throne speech at Senate, opening Parliament
Now that the King is in the Senate, eyes will turn to the Usher of the Black Rod. The Usher is the King's messenger in Parliament and is also responsible for Senate security and other ceremonial and administrative duties. The job originated in England in 1348. Former RCMP superintendent Greg Peters has served in the role in Canada since 2013. The job title derives from the ebony rod he carries, which is a symbol of royal authority. Peters will be sent to the House of Commons to summon the MPs. But when he arrives at the House he will find the doors shut — again due to the idea of parliamentary independence and the King being barred from the House. The Usher will use the base of the rod to knock three times on the doors and ask permission to enter. He will then tell the MPs that the King requests their presence in the Senate for the throne speech. Most MPs will then follow Peters out and begin to make the trek to the Senate building. Traditionally, it's a short jaunt down the halls of Centre Block. But due to ongoing renovations the upper chamber has a temporary home at the Senate of Canada building — Ottawa's former train station, which is just down Wellington Street from the Parliament buildings.
