Latest news with #JimmyStewart
Epoch Times
16-07-2025
- Entertainment
- Epoch Times
‘No Highway in the Sky': Slight Chance of Tail Detachment
NR | 1h 38m | Drama, Thriller | 1951 Somewhere between a stiff upper lip and a snapped tailfin, 'No Highway in the Sky' flaps its wings. Here, Jimmy Stewart trades his usual aw-shuck s charm for something twitchier and considerably more sleep-deprived; he plays an eccentric aeronautical engineer who's absolutely sure a new fleet of airplanes is on the verge of falling apart mid-air.
Miami Herald
10-07-2025
- Business
- Miami Herald
Big online investing firm collapses, files Chapter 11 bankruptcy
The entire American economy has been built around being able to trust the banking system. You put your money and deposit your paycheck at your local bank (or maybe a national one), trusting that the money will be there when you need it. That's something that was perfectly explained in the classic film "It's a Wonderful Life," where Jimmy Stewart's George Bailey convinces his small town to support his bank even though it can't offer them cash as people fear the bank has become insolvent. Related: Amazon gives employees rude awakening with harsh policy change "No, but thinking of this place all wrong. As if I had the money back in a safe. The money's not here. Your money's in Joe's house...(to one of the men)...right next to yours. And in the Kennedy house, and Mrs. Macklin's house, and a hundred others," he shared. Basically, he argued that if everyone believed in the bank, it would be there. "Why, you're lending them the money to build, and then, they're going to pay it back to you as best they can. Now what are you going to do? Foreclose on them?" he asked. Don't miss the move: Subscribe to TheStreet's free daily newsletter In the film, Bailey's personality stopped the run on the bank. Few, if any, banks have the cash on hand if a lot of customers want their money back at the same time, but we do have some more formal protection these days. Even when a specific banks fails, the Federal Deposit Insurance Corporation (FDIC) steps in. That agency insures deposits up to $250,000 per depositor, per insured bank account. People want to disrupt the traditional banking and investing model, but that has proven hard to do. One holy grail in that area has been allowing regular folks into investing in companies before they go public. Previously, only rich people could do that. Linqto makes big promises on its website. First, it describes itself as "an intuitive platform offering early access to private tech companies, before IPO or liquidity." It also sells itself well. "Most U.S. companies with revenue greater than $100 million are privately held – leaving an untapped opportunity to capture potential growth in innovative and emerging fields. Investing in this broader set of private companies can act as a powerful portfolio diversifier that has been shown to enhance risk-adjusted returns," it added. The problem is that there's a reason only rich people had access to investments like these. Your money isn't in something like your neighbor's house; it's in a startup with a theoretical value. More bankruptcy: Iconic auto repair chain franchise files Chapter 11 bankruptcyPopular beer brand closes down and files Chapter 7 bankruptcyPopular vodka and gin brand files for Chapter 11 bankruptcy Those values can become zero as soon as investors stop believing. Until a company makes money, its value comes from the number an investor is willing to accept as the value. That makes it a lot closer to buying Beanie Babies – which at least had scarcity for some models – than investing it in a business. There's a reason we have the current system of banks, private investing, and stock exchanges. It may not be perfect, but it's regulated. Most people understand that a bank account is safer than buying shares of even the bluest of blue chips, but even acquiring those shares is still much safer than investing in your buddy's new startup. Linqto has learned a hard lesson on the road to disruption: Every system flaw (like everyone not having access to pre-market investments) is a design feature, not a bug. Linqto, Inc., along with Linqto Texas LLC, Linqto Liquidshares LLC, and Linqto Liquidshares Manager LLC (collectively, "Linqto") has filed for voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas. Linqto took this step to protect and maximize stakeholder value through a court-supervised restructuring and expects to continue operating throughout the restructuring process. "Despite reducing expenses, the only way forward is to seek court-supervised protection that will let us restructure the business into a profitable, law-abiding organization while resolving the ongoing regulatory investigations faster," said CEO Dan Siciliano. Had the company not filed for Chapter 11 bankruptcy protection, it would have had to close down. Related: Iconic furniture, mattress retailer files Chapter 11 bankruptcy "The company faces potentially insurmountable operating challenges as a result of serious alleged securities law violations and related ongoing investigations by the Division of Enforcement of the U.S. Securities and Exchange Commission as well as other regulatory agencies. In addition, Linqto recently discovered several serious defects in the corporate formation, structure, and operation of the business that raise questions about what customers actually own and which management believes can only be fairly and effectively addressed through restructuring," it added. Linqto has received a commitment for debtor-in-possession financing of up to $60 million from Sandton Capital Partners, LP. Upon court approval, the additional liquidity from the DIP financing, combined with cash on hand, is expected to support critical business needs during these proceedings. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Wall Street Journal
07-07-2025
- Entertainment
- Wall Street Journal
‘High Society': ‘The Philadelphia Story' Remade, Not Recycled
In present-day Hollywood, movie remakes are too often initiated without any consideration for how a past project might be meaningfully improved. The goal seems to be to present a facsimile with modest modifications rather than a thoroughgoing reimagination, but in the absence of such changes, why bother? Nearly 70 years ago, however, one of Hollywood's most honored romantic comedies was retooled in ways that remain fresh and surprising. Released by Metro-Goldwyn-Mayer in July 1956, Charles Walters's 'High Society' had its roots in Philip Barry's 1939 play 'The Philadelphia Story,' which, the following year, was turned into a motion picture starring the triumvirate of Cary Grant, Katharine Hepburn and Jimmy Stewart—the last of whom won an Oscar. That earlier picture was an instant classic for its affectionate but barbed portrait of the marital challenges of inhabitants of the Philadelphia Main Line.
Yahoo
29-05-2025
- Business
- Yahoo
Nvidia CEO turns heads with stern warning about China AI market
Nvidia CEO turns heads with stern warning about China AI market originally appeared on TheStreet. Move over, Jimmy Stewart. Jensen Huang's got this one covered. In the classic 1939 film 'Mr. Smith Goes to Washington,' Stewart portrays Jefferson Smith, a naive, newly appointed U.S. senator who takes on government corruption. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 While nobody is likely to call Huang naive, the co-founder and CEO of AI-chip juggernaut Nvidia () spoke bluntly about the Trump administration's ban on sales of the company's H20 chips to China. That prompted Wedbush analysts to issue a research note titled "Mr. Huang Goes to Washington." "China is one of the world's largest AI markets and a springboard to global success," Huang said during the company's earnings call. "With half of the world's AI researchers based there, the platform that wins China is positioned to lead globally." He wasn't kidding. A recent Morgan Stanley report found that China's AI industry and related sectors could grow into a market valued at $1.4 trillion by 2030. U.S. export controls could create barriers for AI development in China but won't stop its progress, the investment firm said, noting that "AI is at the center of business priorities, consumer behavior and economic growth in China." "Today, however, the $50 billion China market is effectively closed to US industry," Huang said. "The H20 export ban ended our Hopper data center business in China. We cannot reduce Hopper further to comply. "As a result, we are taking a multibillion-dollar write-off on inventory that cannot be sold or repurposed. We are exploring limited ways to compete, but Hopper is no longer an option. China's AI moves on with or without US chips. It has to compute to train and deploy advanced models." More Nvidia: Analysts issue rare warning on Nvidia stock before key earnings Analysts double price target of new AI stock backed by Nvidia Nvidia CEO shares blunt message on China chip sales ban The Santa Clara, Calif., company, which posted better-than-expected fiscal-Q1 earnings and revenue, said it had missed out on $2.5 billion in sales during the quarter due to the export restrictions on H20. "The question is not whether China will have AI; it already does," Huang said. "The question is whether one of the world's largest AI markets will run on American platforms." "Shielding Chinese chipmakers from US competition only strengthens them abroad and weakens America's position," he noted. "Export restrictions have spurred China's innovation and scale." The Morgan Stanley report said that over the next five years, China aims to achieve full independence from foreign countries in its AI development. Since it's subject to U.S. export restrictions, the report said, the nation is prioritizing more efficient and less expensive AI technologies, most notably DeepSeek. That's the Chinese startup that shivered the tech world's timbers back in January with an AI model that was reportedly much cheaper than those of its American counterparts. "The US has based its policy on the assumption that China cannot make AI chips," Huang said. "That assumption was always questionable and now it's clearly wrong. China has enormous manufacturing capability." Wedbush, which reiterated its $175 price target and outperform rating on Nvidia shares, said the company executed well despite the loss of H20 representing a greater headwind than the investment firm and investors expected."While NVDA did talk to the significance of the lost opportunity in China," the investment firm said, "Jensen also appeared to make a concerted effort to credit the current administration for recent sovereign deals, talk to NVDA's plans to further US investment (a key touch point for President Trump), while also suggesting management has faith in the US government's likely future actions with regards to trade and AI." Wedbush said this approach was likely best suited to minimizing potential political headwinds for Nvidia. But "it also highlights that political decisions (AI diffusion, tariff, and China policies) are seemingly the only potential significant stumbling blocks for NVDA over the next 12+ months." DA Davidson boosted its price target on Nvidia to $135 from $120 and affirmed a neutral rating on the shares, according to The Fly. The Q1 results were mixed, with better-than-expected revenue numbers but a notable impact from the lack of H20 sales into China in Q1 and Q2, the firm said. The firm said Wall Street was underaccounting the Chinese contribution to Nvidia revenue and that this topic represents the largest overhang on the stock. Davidson said this will continue until the Trump administration provides an official position that resolves the matter in one direction or the other. Stephen Guilfoyle says Nvidia's results were impressive and "much, much better than feared given the mid-quarter change in the restrictions on what kinds of technology can be exported to China and other nations." "This pressured sales, suppressed margins and forced the firm to take an inventory-related charge against these earnings that fortunately was smaller than what the firm had warned it might be," he veteran trader, whose career dates back to the 1980s on the New York Stock Exchange, reiterated his stock price target of $165 on NVDA. "What's clear is that demand for all things AI-related has not let up in the least," Guilfoyle said. "What's also clear is that the Chinese market makes a material impact on the firm's overall performance. Cash flows are golden, and the balance sheet is simply fortress-like." Nvidia CEO turns heads with stern warning about China AI market first appeared on TheStreet on May 29, 2025 This story was originally reported by TheStreet on May 29, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
29-05-2025
- Business
- Miami Herald
Nvidia CEO turns heads with stern warning about China AI market
Move over, Jimmy Stewart. Jensen Huang's got this one covered. In the classic 1939 film "Mr. Smith Goes to Washington," Stewart portrays Jefferson Smith, a naive, newly appointed U.S. senator who takes on government corruption. Don't miss the move: Subscribe to TheStreet's free daily newsletter While nobody is likely to call Huang naive, the co-founder and CEO of AI-chip juggernaut Nvidia (NVDA) spoke bluntly about the Trump administration's ban on sales of the company's H20 chips to China. That prompted Wedbush analysts to issue a research note titled "Mr. Huang Goes to Washington." "China is one of the world's largest AI markets and a springboard to global success," Huang said during the company's earnings call. "With half of the world's AI researchers based there, the platform that wins China is positioned to lead globally." He wasn't kidding. A recent Morgan Stanley report found that China's AI industry and related sectors could grow into a market valued at $1.4 trillion by 2030. U.S. export controls could create barriers for AI development in China but won't stop its progress, the investment firm said, noting that "AI is at the center of business priorities, consumer behavior and economic growth in China." "Today, however, the $50 billion China market is effectively closed to US industry," Huang said. "The H20 export ban ended our Hopper data center business in China. We cannot reduce Hopper further to comply. "As a result, we are taking a multibillion-dollar write-off on inventory that cannot be sold or repurposed. We are exploring limited ways to compete, but Hopper is no longer an option. China's AI moves on with or without US chips. It has to compute to train and deploy advanced models." More Nvidia: Analysts issue rare warning on Nvidia stock before key earningsAnalysts double price target of new AI stock backed by NvidiaNvidia CEO shares blunt message on China chip sales ban The Santa Clara, Calif., company, which posted better-than-expected fiscal-Q1 earnings and revenue, said it had missed out on $2.5 billion in sales during the quarter due to the export restrictions on H20. "The question is not whether China will have AI; it already does," Huang said. "The question is whether one of the world's largest AI markets will run on American platforms." "Shielding Chinese chipmakers from US competition only strengthens them abroad and weakens America's position," he noted. "Export restrictions have spurred China's innovation and scale." The Morgan Stanley report said that over the next five years, China aims to achieve full independence from foreign countries in its AI development. Since it's subject to U.S. export restrictions, the report said, the nation is prioritizing more efficient and less expensive AI technologies, most notably DeepSeek. That's the Chinese startup that shivered the tech world's timbers back in January with an AI model that was reportedly much cheaper than those of its American counterparts. "The US has based its policy on the assumption that China cannot make AI chips," Huang said. "That assumption was always questionable and now it's clearly wrong. China has enormous manufacturing capability." Wedbush, which reiterated its $175 price target and outperform rating on Nvidia shares, said the company executed well despite the loss of H20 representing a greater headwind than the investment firm and investors expected. Related: Nvidia stock surges after earnings surprise "While NVDA did talk to the significance of the lost opportunity in China," the investment firm said, "Jensen also appeared to make a concerted effort to credit the current administration for recent sovereign deals, talk to NVDA's plans to further US investment (a key touch point for President Trump), while also suggesting management has faith in the US government's likely future actions with regards to trade and AI." Wedbush said this approach was likely best suited to minimizing potential political headwinds for Nvidia. But "it also highlights that political decisions (AI diffusion, tariff, and China policies) are seemingly the only potential significant stumbling blocks for NVDA over the next 12+ months." DA Davidson boosted its price target on Nvidia to $135 from $120 and affirmed a neutral rating on the shares, according to The Fly. The Q1 results were mixed, with better-than-expected revenue numbers but a notable impact from the lack of H20 sales into China in Q1 and Q2, the firm said. The firm said Wall Street was underaccounting the Chinese contribution to Nvidia revenue and that this topic represents the largest overhang on the stock. Davidson said this will continue until the Trump administration provides an official position that resolves the matter in one direction or the other. Stephen Guilfoyle says Nvidia's results were impressive and "much, much better than feared given the mid-quarter change in the restrictions on what kinds of technology can be exported to China and other nations." "This pressured sales, suppressed margins and forced the firm to take an inventory-related charge against these earnings that fortunately was smaller than what the firm had warned it might be," he said. Related: Veteran stock trader takes hard look at Nvidia ahead of earnings The veteran trader, whose career dates back to the 1980s on the New York Stock Exchange, reiterated his stock price target of $165 on NVDA. "What's clear is that demand for all things AI-related has not let up in the least," Guilfoyle said. "What's also clear is that the Chinese market makes a material impact on the firm's overall performance. Cash flows are golden, and the balance sheet is simply fortress-like." The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
