BC Partners Faces Managers' Unrest at €6 Billion Media Company
Fourteen United executives wrote a letter to the board earlier this week voicing their 'deep concerns regarding the recent leadership changes' and demanding 'immediate action to reinstate' the pair, according to a letter seen by Bloomberg News. Founder Dragan Šolak, who was chairman of the advisory board, and CEO Viktoriya Boklag were dismissed in June.
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Scott Bessent Warns TSMC's $40 Billion Arizona Fab May Only Meet 7% Of US Chip Demand — Blames Building Inspectors, Red Tape For Delays
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Treasury Secretary Scott Bessent warned that Taiwan Semiconductor Manufacturing Co.'s (NYSE:TSM) massive Arizona fabrication facility may produce just 7% of America's semiconductor needs, highlighting regulatory obstacles hampering domestic chip production. What Happened: 'TSMC wants to build a gigantic fab system in Arizona, and I think it might be able to produce up to 7% of the chips that the United States needs,' Bessent said during recent remarks on All In Podcast. 'And they're dealing with local building inspectors.' Bessent criticized regulatory hurdles slowing construction of the $40 billion facility. 'Evidently, these chip design plants are moving so quickly, you're constantly calling an audible and you've got someone saying, 'Well, you said the pipe was going to be there, not there. We're shutting you down,'' he explained. Trending: Be part of the breakthrough that could replace plastic as we know it— Why It Matters: TSMC, the world's largest contract chipmaker and key supplier to NVIDIA Corp. (NASDAQ:NVDA) and Apple Inc. (NASDAQ:AAPL), is fast-tracking its Arizona expansion. The company plans to begin production at a second plant by 2027 and expects up to 30% of its advanced 2nm capacity to eventually come from Arizona facilities. CFO Wendell Huang told Bloomberg the company plans cautious spending in 2025 with up to $42 billion in capital expenditures while monitoring macro and foreign exchange risks. Bessent argued that environmental regulations have contributed to deindustrialization. 'We have made the decision to deindustrialize through our environmental regulations,' he stated, adding that making it 'easy to build things again' requires reducing regulatory barriers. TSMC maintains strong upward momentum across short-, medium-, and long-term trends, according to Benzinga's Edge Stock Rankings. While growth signals remain robust, the stock's value rating appears comparatively lower. More detailed performance metrics are available here. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Photo courtesy: Jack Hong / This article Scott Bessent Warns TSMC's $40 Billion Arizona Fab May Only Meet 7% Of US Chip Demand — Blames Building Inspectors, Red Tape For Delays originally appeared on
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What Are Some Defensive Stocks to Buy Now for Canadian Investors?
Written by Rajiv Nanjapla at The Motley Fool Canada Amid hopes that Donald Trump will strike trade deals with other countries and an improvement in business sentiment, with business owners now less pessimistic about a recession this year, the S&P/TSX Composite Index has continued its uptrend and is up 10.7% year to date. However, concerns persist about the impact of tariffs on global economic growth. Therefore, if you are worried that the equity markets could turn volatile in the coming quarters, then here are three defensive bets that you can buy right now to strengthen your portfolio. Waste Connections Waste Connections (TSX:WCN) is a waste management company operating in exclusive and secondary markets of the United States and Canada. Despite a sluggish economy due to tariff-induced uncertainties, the company posted an impressive second-quarter performance earlier this week, beating its projections. The company's topline came in at $2.41 billion, representing a 7.1% increase from the previous year's quarter. Organic growth led by a 6.6% increase in its solid waste pricing and continued acquisitions drove its revenue. As of July 23, the company has acquired assets this year that can contribute $200 million to its annualized revenue. Meanwhile, its adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) grew 7.5% to $786.4 million, while its adjusted EBITDA margin expanded by 70 basis points to 32.7%. Given its healthy cash flows and solid financial position, the company's management anticipates a significant year of acquisitions. Additionally, improvements in employee retention and the adoption of technological advancements, such as robotics and optical sorters at recycling facilities, could support margin expansion in the coming quarters. Considering all these factors, I believe WCN would be an excellent defensive bet. Hydro One My second pick is Hydro One (TSX:H), a pure-play electricity transmission and distribution company with no substantial exposure to commodity price fluctuations. Additionally, around 99% of its business is rate-regulated, thereby its financials are less prone to economic cycles. Also, it has expanded its rate base through self-funded organic growth, growing its rate base at an annualized rate of 5.1% since 2018. Along with these expansions, its cost-cutting initiatives have boosted its financials, driving its stock price. Over the last five years, the company has delivered a total shareholders' return of 106% at an annualized rate of 15.6%. Furthermore, the Toronto-based utility company continues to expand its rate base, with management projecting its rate base to increase to $32.14 billion by the end of 2027, representing an annualized growth rate of 6.6% from its 2024 levels. Along with these expansions, favourable customer rate revisions and improved operating efficiency could support its financial growth in the coming quarters. Meanwhile, the company's management predicts its adjusted EPS to grow 6-8% through 2027. Additionally, the company, which currently offers a forward dividend yield of 2.73%, anticipates increasing its dividend at an annualized rate of 6% through 2027. Telus I have chosen Telus (TSX:T), a telecom giant, as my final pick. After a challenging couple of years due to higher interest rates and unfavourable policy changes, the company has experienced solid buying this year, with its stock price rising by 20%. Its solid first-quarter earnings and falling interest rates have supported its stock price growth. Moreover, Telus enjoys healthy cash flows due to its recurring revenue streams, which enable it to pay and raise its dividend consistently. The company has raised its dividends 28 times since May 2011 and currently offers an attractive dividend yield of 7.38%. Telus is also expanding its network infrastructure with a $70 billion investment over the next five years. These investments would expand TELUS PureFibre connectivity and 5G service across the country, thereby driving growth in its customer base. Additionally, the company's other business segments, Telus Health and Telus Agriculture and Consumer Goods, have delivered solid results in the first quarter and could continue the uptrend in their financial performances. Amid these growth initiatives, Telus's management expects to increase its dividend by 3-8% annually through 2028. Considering all these factors, I believe Telus would be an excellent defensive bet in this uncertain outlook. The post What Are Some Defensive Stocks to Buy Now for Canadian Investors? appeared first on The Motley Fool Canada. Should you invest $1,000 in Hydro One Limited right now? Before you buy stock in Hydro One Limited, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Hydro One Limited wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading 10 Stocks Every Canadian Should Own in 2025 3 Canadian Companies Powering the AI Revolution A Commonsense Cash Back Credit Card We Love Fool contributor Rajiv Nanjapla has no position in any of the stocks mentioned. The Motley Fool recommends TELUS. The Motley Fool has a disclosure policy. 2025
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6 hours ago
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S&P 500, Nasdaq close at records; Deckers soars on UGG demand
By Noel Randewich (Reuters) -The S&P 500 and Nasdaq notched record high closes on Friday, lifted by optimism the U.S. could soon reach a trade deal with the European Union, while Deckers Outdoor surged following a strong quarter for the maker of UGG boots and Hoka sneakers. European Commission President Ursula von der Leyen will meet U.S. President Donald Trump on Sunday in Scotland after EU officials and diplomats said they expected to reach a framework trade deal this weekend. Trump said earlier that the odds of a U.S.-EU trade deal were "50-50". Deckers Outdoor soared 11% after results beat quarterly estimates, with strong demand in international markets. Intel tumbled 8.5% after the chipmaker forecast steeper quarterly losses than expected and announced plans to slash jobs. Wall Street has surged to record highs in recent weeks, thanks to upbeat quarterly earnings, trade deals with Japan and the Philippines, and expectations that the White House will cement more agreements to avoid elevated tariffs threatened by Trump. "The market has been anticipating that the deals are going to get done," said Thomas Martin, Senior Portfolio Manager at GLOBALT in Atlanta. "Personally, I have a bit more skepticism. You've got to be careful, because if they don't get done, there is more room for disappointment than there is upside." The S&P 500 climbed 0.40% to end the session at 6,388.64 points. The Nasdaq gained 0.24% to 21,108.32 points, while the Dow Jones Industrial Average rose 0.47% to 44,901.92 points. Nine of the 11 S&P 500 sector indexes rose, led by materials, up 1.17%, followed by a 0.98% gain in industrials. For the week, the S&P 500 climbed 1.5%, the Nasdaq added 1% and the Dow rose 1.3%. The S&P 500 set a closing record every day this week. The last time the index had a "perfect week" of closing highs, Monday through Friday, was in November 2021, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. Investors next week will focus on the U.S. Federal Reserve, with policymakers on Thursday expected to hold interest rates steady as the central bank weighs the impact of tariffs on inflation. Traders see about a 60% chance of a rate cut in September, according to CME's FedWatch tool. Trump said on Friday he believed that Fed Chair Jerome Powell might be ready to lower rates. Trump made a rare visit to the Fed on Thursday after calling Powell a "numbskull" earlier in the week for failing to slash rates. Charter Communications slumped 18% after the cable giant reported a deeper-than-expected broadband subscriber loss, hurt by competition from wireless carriers bundling high-speed internet services with 5G mobile plans. Paramount Global dipped 1.6% after U.S. regulators approved its $8.4-billion merger with Skydance Media. Health insurer Centene rose 6.1% after it said it expects to deliver improved profitability in its three government-backed healthcare insurance businesses in 2026. S&P 500 companies are expected on average to increase their second-quarter earnings by 7.7% year over year, according to LSEG I/B/E/S, with most of those gains coming from heavyweight tech-related companies. Companies reporting next week include Microsoft, Apple, Amazon and Meta Platforms. Advancing issues outnumbered falling ones within the S&P 500 by a two-to-one ratio. The S&P 500 posted 45 new highs and 6 new lows; the Nasdaq recorded 68 new highs and 54 new lows. Volume on U.S. exchanges was relatively light, with 17.7 billion shares traded, compared to an average of 18.1 billion shares over the previous 20 sessions.
