markets

Luke Kawa1/6/25

FuboTV doubles on streaming tie-up with Disney

Disney is joining forces with FuboTV to bolster their live-TV streaming product offerings, confirming earlier reports.

The joint venture will be 30% owned by Fubo with the remainder held by the Mickey Mouse creator, and the combined business will trade under the FUBO ticker. Both Hulu + Live TV and Fubo will remain as separate offerings upon the closing of this deal.

Shares of Fubo are up more than 150% in premarket. Disney’s stock is trading modestly to the upside.

Disney is providing a term loan to Fubo, as well as access to its sports broadcast lineup, as part of this transaction. In addition, to facilitate the closing of this deal, Fubo has settled litigation with a number of media giants (including Disney) for a $220 million cash payment.

Disney Nears Deal to Merge Hulu + Live into Fubo

Disney Nears Deal to Merge Hulu + Live into Fubo

Disney is providing a term loan to Fubo, as well as access to its sports broadcast lineup, as part of this transaction. In addition, to facilitate the closing of this deal, Fubo has settled litigation with a number of media giants (including Disney) for a $220 million cash payment.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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