Disney+ Members: $10 Off Toy Story 5 Movie Ticket Through Fandango
Disney+ subscribers can score $10 off a Toy Story 5 movie ticket purchase through Fandango as part of the Disney+ Perks program.
The offer is available while supplies last and can be redeemed through the Disney+ Perks portal. The discount applies to qualifying Toy Story 5 ticket purchases made through Fandango. Disney+ Perks regularly offers subscribers special discounts, ticket offers, and exclusive promotions.
Guru’s Wrap-up
A $10 discount is basically a free movie ticket in some areas. If you’re already paying for Disney+, this is an easy perk to take advantage of before it disappears.
If you don’t plan to use the discount, you can share it here.
Welcome to Music Business Worldwide’s Weekly Round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s Round-up is exclusively supported by BMI, a global leader in performing rights management, dedicated to supporting songwriters, composers and publishers and championing the value of music.
This week, Bolloré CEO Cyrille Bolloré publicly urged Universal Music Group‘s management to reject Bill Ackman‘s $64 billion takeover bid, declaring “the price is not there at all.”
Meanwhile, Larry Jackson‘s Gamma filed a lawsuit in New York seeking to unmask the anonymous creators behind two “SCAMMA” smear websites.
Elsewhere, UMG and Sony Music moved to add more than 61,000 copyrighted recordings to their lawsuit against AI music generator Suno after discovery revealed it trained on “millions” of their tracks.
Also this week, YouTube announced it will now automatically detect and label realistic AI-generated videos even when creators don’t disclose the use of AI.
Plus, longtime Spotify executive Sulinna Ong exited the streamer to join U2‘s management team alongside Irving and Jeffrey Azoff.
Here are some of the biggest headlines from the past few days…
1. BOLLORÉ URGES UNIVERSAL MUSIC GROUP TO REJECT BILL ACKMAN’S $64B TAKEOVER BID
Cyrille Bolloré, Chairman and CEO of the Bolloré Group, UMG’s largest single shareholder, has encouraged Universal Music Group’s management to reject Bill Ackman’s $64 billion takeover proposal.
Speaking at the Bolloré Group’s annual shareholders meeting on Wednesday (May 27), Bolloré took aim at the bid’s valuation, its funding structure, and also questioned Ackman’s management style. “I encourage the management of Universal Music to reject it,” Bolloré said, as quoted by Reuters… (MBW)
2. LARRY JACKSON’S GAMMA FILES LAWSUIT TO UNMASK CREATORS OF SMEAR WEBSITES
Gamma has filed a lawsuit in New York State Supreme Court seeking to identify the anonymous creators of an online smear campaign. The lawsuit seeks to unmask the makers of two websites that accuse the company and its Co-Founder and CEO, Larry Jackson, of streaming fraud, embezzlement, and financial mismanagement – sites that Gamma says operate “without even a semblance of truth or accountability.”
The 12-page complaint, filed on Tuesday (May 26) and reviewed by MBW, brings three causes of action: defamation, trade libel, and unfair competition under New York common law… (MBW)
3. UMG AND SONY SEEK TO ADD OVER 61K RECORDINGS TO SUNO LAWSUIT AFTER DISCOVERY REVEALS AI TRAINED ON ‘MILLIONS’ OF THEIR COPYRIGHTED TRACKS
Universal Music Group and Sony Music Entertainment have asked a federal court for permission to add more than 61,000 copyrighted sound recordings to their copyright infringement lawsuit against AI music generator Suno.
The motion, filed on Thursday (May 21) in the US District Court for the District of Massachusetts, comes after the record companies used audio fingerprinting technology to identify their recordings within Suno’s training data. The original complaint, filed in June 2024, asserted 560 copyrighted works… (MBW)
4. YOUTUBE WILL NOW AUTOMATICALLY DETECT AND LABEL AI VIDEOS – EVEN WHEN CREATORS DON’T DISCLOSE IT
YouTube will now automatically apply AI content labels to realistic AI-generated videos on its platform – even when creators have not disclosed the use of AI themselves.
For music, the implications are pointed: the prominent label will apply to photorealistic AI music videos but not to stylized or animated ones, creating an implicit incentive for artists experimenting with AI visuals to favor the latter.
The platform said it is rolling out “new internal signals” to identify AI-generated content, starting in May 2026… (MBW)
5. SULINNA ONG EXITS SPOTIFY TO JOIN U2 MANAGEMENT TEAM ALONGSIDE IRVING AND JEFFREY AZOFF
U2 have appointed Sulinna Ong as a Management Partner, a newly created role that sees her join Irving and Jeffrey Azoff in leading the band’s management.
Ong will work across the full breadth of the superstar Irish rock band’s career, with a focus on “creative and innovation”, reporting directly to the four band members, according to a statement issued on Tuesday (May 26).
She joins after more than seven years at Spotify, where she most recently served as Global Head of Editorial & Curation, Music… (MBW)
Partner message: MBW’s Weekly Round-up is supported by BMI, the global leader in performing rights management, dedicated to supporting songwriters, composers and publishers and championing the value of music. Find out more about BMIhere. Music Business Worldwide
The Federal Housing Administration is seeking feedback on its current single family minimum property requirements, after the Mortgage Bankers Association and others nudged the agency earlier this month.
Processing Content
The FHA published a request for information in the Federal Register Friday, looking for stakeholder comment on how to improve and modernize standards that have not received a comprehensive update in more than 20 years and no longer reflect the current state of the housing industry, according to the FHA.
“FHA MPRs are dated, creating unnecessary burdens that increase housing costs, discourage industry participation, limit access to FHA financing, particularly for first time and low- to moderate-income American homebuyers, and outweigh the benefits they provide,” the agency said in a press release.
This motion is in line with the administration’s efforts to minimize burdensome regulations and undue costs, though a a recent executive order on the topic lead to confusion regarding originator licensing.
The FHA is particularly interested in receiving answers to the following questions:
What are the advantages and/or disadvantages of FHA’s current MPRs?
How could FHA streamline and/or simplify its MPR policies?
Are there important factors FHA should consider when modernizing MPR policies?
What specific FHA MPRs are no longer applicable or necessary?
Do current FHA MPRs adequately protect borrowers utilizing FHA-insured single family mortgage programs to finance a home?
Are MPRs clearly communicated in FHA policies?
Is the FHA-approved appraiser’s scope of work to identify MPR deficiencies aligned with modern appraisal practices?
The feedback will guide efforts to adjust the requirements, which were designed to ensure that FHA-insured mortgages are collateralized by properties that are safe, sound and secure, to better fit current industry practices, the FHA said. The agency set the deadline to submit comments for June 29. The request for information comes after the MBA and other trade associations sent a letter to Department of Housing and Urban Development Secretary Scott Turner, urging the FHA to address the requirements and other appraisal reforms.
“MBA has long urged FHA to modernize its MPRs and better align its standards with the property condition rating frameworks used by Fannie Mae and Freddie Mac,” an MBA spokesperson told National Mortgage News. “This would reduce operational friction while maintaining appropriate safety and soundness protections.”
The most significant change the associations suggested in the letter to Turner was the adoption of the government-sponsored entity’s property condition standards as a replacement for the FHA requirements. The GSE standards are associated with the most widely used financing programs in the market, according to the letter.
“We believe alignment between FHA and GSE property standards could help reduce appraisal-related delays, improve consistency across the market and expand access to qualified appraisers,” the MBA spokesperson said.
The MBA will meet with its members and submit a response by the June deadline.
Being the largest and being the most important company aren’t necessarily the same thing. Nvidia(NVDA 1.00%) is the largest company by a fairly wide margin — at the time of this writing, it has about a $500 billion lead over second-place Alphabet — but does that mean it’s also the most important?
Let’s take a look to see how important Nvidia is, and if the world could survive without it.
Image source: The Motley Fool.
Nvidia has several rising competitors
Nvidia makes the most popular computing chips for artificial intelligence (AI) right now: graphics processing units (GPUs). These devices can process multiple calculations in parallel, making them ideal for tasks that require intense computing power, like AI. However, it’s not the only company that makes them. AMD is also an avid GPU maker, and even though its market share is far smaller than Nvidia’s, it’s still a potent competitor.
Additionally, there are other computing chips starting to rise in popularity. One is made by Alphabet and Broadcom, the Tensor Processing Unit (TPU). This chip, designed in collaboration with the two companies, is a formidable competitor to Nvidia’s GPU, and multiple firms outside of Alphabet are now starting to buy it from Alphabet to deploy in addition to Nvidia GPUs.
Today’s Change
(-1.00%) $-2.14
Current Price
$212.11
Key Data Points
Market Cap
$5.1T
Day’s Range
$211.90 – $217.80
52wk Range
$135.40 – $236.54
Volume
7.3M
Avg Vol
166.4M
Gross Margin
74.15%
Dividend Yield
0.02%
So, if someone snapped their fingers and made Nvidia disappear, I think the world could figure out something to replace it. But, there’s another consideration.
Being the most important company doesn’t always mean it’s irreplaceable. Nvidia is incredibly important to other things, like investment indexes. Nvidia is a major component of indexes like the S&P 500 — it makes up about 7.5% of the total index. So, if Nvidia were to cease to exist, the S&P 500 index would be that much smaller the next day. That makes it very important to the index, and Nvidia’s continued success is key to future gains.
During its last quarter, Nvidia’s revenue rose at an 85% pace. That’s incredible, and it’s one of the reasons why it is the world’s largest company. But if Nvidia’s growth starts to meaningfully decline, the stock could sell off and drag the whole market with it.
That makes Nvidia incredibly important to the success of investment portfolios around the world, so I’d consider Nvidia an important business from that standpoint.
Nvidia’s success is critical to every investor, whether they realize it or not. Keeping a tab on Nvidia’s results is a good move for every investor, as it has a greater effect on the success of everything than most realize.
Keithen Drury has positions in Alphabet, Broadcom, and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Broadcom, and Nvidia. The Motley Fool has a disclosure policy.
Dividend investing isn’t bad. In fact, I still love dividends and I still own a lot of them. But my portfolio doesn’t look anything like it did when I was 22 or 23, and in this video I want to explain why.
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If you’re in your 20s and trying to figure out whether dividend investing makes sense, this is the honest version. I break down why dividends are so appealing, why I built my portfolio around them early on, what they can and can’t realistically do with a smaller portfolio, and why my strategy changed as my income, rental cash flow, and investing goals evolved.
This is not an anti-dividend video. It’s a more honest conversation about when dividend investing actually makes sense, what role SCHD, VOO, and VTI play in my portfolio today, and why passive income is still the goal even if dividends aren’t always the best primary tool in the accumulation phase.
WHAT I COVER:
– Why dividends are emotionally powerful for beginners
– The real math behind dividend income in smaller portfolios
– Why your contribution rate matters more early on
– Why I shifted part of my portfolio toward VTI and VOO
– How rental income changed the job my stock portfolio needed to do
– Why dividends still matter to me today
CHAPTERS:
0:00 – This Is Not an Anti-Dividend Video
0:55 – Why Dividends Pull People In
2:47 – What Dividends Can and Can’t Do
4:54 – Why My Portfolio Changed
6:54 – What Your Portfolio Is Actually Supposed to Do
8:35 – What My Portfolio Looks Like Now
10:05 – What I’d Tell My 22-Year-Old Self
11:50 – The Real Question to Ask Yourself
FTC Disclosure: Some links above are affiliate links. I may earn a commission at no extra cost to you.
Is wage garnishment ever better than repayment for federal student loans?
This question is about wage garnishment for student loan debt.
Short answer: no. For nearly every federal student loan borrower, wage garnishment and the rest of the default collections process will cost more than the lowest-payment repayment plan they qualify for. There is one structurally interesting exception, but even that one comes with consequences that ruin any savings.
Still, the question gets asked — usually by borrowers who feel cornered, see a $0 IBR payment as suspicious, or assume default is “free” until collectors find them. Here is how the math actually works.
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What Student Loan Default Collections Actually Takes From You
Once a federal student loan defaults, the Department of Education has three main tools:
Administrative wage garnishment (AWG): up to 15% of disposable pay, after a protected amount equal to 30 times the federal minimum wage per week (roughly $290/week).
Treasury Offset Program: seizes federal tax refunds, certain federal benefits, and (for many borrowers) state tax refunds.
Social Security offset: up to 15% of benefits, with a $750/month protected floor. This restarted under current Treasury enforcement after a pause.
Federal salary offset can also apply to government employees.
Collection fees also ran as high as 20% of the balance, and interest continues to accrue. The result is that the money that is “taken” from you rarely makes it towards your student loan balance. You effectively get into a “death spiral” of having money taken for no benefit – or even a growing loan balance.
If a borrower has no W-2 wages, no tax refund, no Social Security check, and no federal paycheck, default collections can technically take $0 in a given year. That is where the “is default cheaper?” question starts.
What Student Loan Repayment Costs
The two relevant comparison points right now are RAP (the new Repayment Assistance Plan) and IBR.
RAP has a $10/month minimum payment regardless of income. It scales up to 10% of AGI at higher incomes, and because it is AGI-based, it captures self-employment income, rental income, capital gains, and K-1 distributions.
IBR calculates payments off discretionary income (AGI minus 150% of the federal poverty line). If discretionary income is zero or negative, the payment is $0. Otherwise it is 10% or 15% of discretionary income depending on the borrower’s IBR cohort.
For low-income borrowers, IBR can produce a genuine $0 monthly payment with no minimum floor. but generally, 10% of your AGI or discretionary income will be less than the 15% taken from you during AWG along with your tax refund offsets.
When Default Math “Looks Better” But Really Isn’t
There are a few cases where the raw monthly cost of default is lower than RAP:
A borrower with no garnishable wages and no tax refund. AWG = $0. Treasury Offset = $0. RAP still wants $10/month. IBR is at $0. But in this case, a $0 IBR is better than garnishment.
A borrower whose W-2 disposable pay sits under the 30x minimum wage protection. AWG cannot touch it. RAP still wants $10/month. IBR is $0. Again, $0 IBR is better.
A self-employed borrower who manages estimated taxes precisely. No refund to seize, no W-2 to garnish. Default takes very little. However, if the government gets wind of this, there are still other methods like levying your bank accounts.
The Actual Wage Garnishment Isn’t The Only Concern
Cash flow (or reduced cash flow due to AWG) is not the only cost. Default carries:
Collection fees (up to 20%) and interest capitalization.
Loss of all forgiveness credit – time in default doesn’t count for PSLF or time-based loan forgiveness.
Credit damage that raises the price of renting, car loans, car insurance, utility deposits, and even bank account approval.
Loss of access to further federal student aid.
Professional license risk in some states.
Treasury Offset reaching items borrowers forget about such as state refunds, certain federal benefits.
Current enforcement is also more aggressive than the pre-2020 baseline. Social Security offsets are back.
The key to remember that your entire financial life is more expensive as the result of the default. So while you may not think about the AWG, you will face higher costs elsewhere as well.
Bottom Line
In pure monthly cash flow terms, default can look cheaper for borrowers with no garnishable wages and no tax refunds. Once collection costs and fees, lost time to loan forgiveness, and the price of damaged credit get added in, IBR at $0 wins the low-income scenario, and RAP or IBR beats default for anyone with meaningful AGI.
Default is not a repayment strategy. It is a costly penalty box.
Laurentian Bank reported a second-quarter loss tied to restructuring and transaction costs, while its residential mortgage portfolio continued to decline as the bank prepares to exit retail and SME banking.
With a record-setting IPO in just a few weeks, SpaceX saw its rival in a contest to put astronauts on the lunar surface go up in flames, reinforcing its dominance in the space race and its primacy in NASA’s plans to go back to the moon.
On Thursday, a New Glenn rocket belonging to Jeff Bezos’ Blue Origin exploded during an engine-firing test at the launch pad in Cape Canaveral, ahead of a satellite launch scheduled for next week.
Blue Origin also planned to use the rocket to launch landers to the moon for NASA, delivering payloads and astronauts to the surface. SpaceX is jockeying to be selected by NASA for the lunar mission too, and may emerge as the only remaining option to meet an ambitious schedule.
The vulnerability highlights the multiple steps—and contractors—a lunar landing would entail. While NASA successfully sent astronauts around the moon last month in a Lockheed Martin Orion capsule launched by Boeing’s massive Space Launch System rocket, landing on the moon’s surface requires a separate spacecraft.
Next year, NASA plans to send astronauts into Earth orbit via the Orion and Space Launch System as part of its Artemis III mission. While in orbit, NASA expected to dock the Orion with either SpaceX’s lunar lander, a variant of the Starship, and/or Blue Origin’s lander, the Blue Moon.
But the New Glenn is supposed to launch the Blue Moon into space, and the rocket is now grounded as the cause of the explosion is investigated. Just days before the explosion, NASA awarded Blue Origin launch contracts, including one this fall for a Blue Moon lander mission to put NASA payloads on the surface.
A Blue Origin New Glenn rocket explodes during an engine-firing test on Thursday, May 28, 2026, in Cape Canaveral, Fla.
@JConcilus via AP
“Blue Origin’s inability to launch Blue Moon anytime soon is likely to put the company out of the running for Artemis III,” wrote Wendy Whitman Cobb, a professor at the U.S. Air Force School of Advanced Air and Space Studies, in the Conversation on Friday. “This setback means that Artemis III, and NASA’s entire lunar exploration program, is likely to be dependent on SpaceX for the time being.”
Meanwhile, SpaceX is still developing the Starship. While a next-generation version of the giant rocket completed a test flight this month that was largely successful, more work needs to be done to produce a lunar-lander variant.
Whitman Cobb warned that if SpaceX can’t get Starship ready in time, then NASA may need to delay the Artemis III orbital-docking test by a year to 2028—meaning the Artemis IV mission to put astronauts on the moon will miss its 2028 timeline.
Further delays could also open the door again to Blue Origin, if it can get the New Glenn back on track soon and test out its lunar lander.
But a mishap highlighting NASA’s reliance on SpaceX could not come at a better time for CEO Elon Musk, whose company is expected to go public on June 12 in what will likely be the largest IPO ever. SpaceX is seeking to raise up to $75 billion at a valuation of $1.75 trillion or more.
Since its founding in 2002, SpaceX has taken over the market. It claimed more than 80% of global rocket launches last year and has over 10,000 Starlink satellites in orbit, providing space-based internet connections to businesses and militaries.
In addition to serving NASA, SpaceX is a top launch provider for the Pentagon, which is also looking to the company to help develop President Donald Trump’s “Golden Dome” missile-defense shield.
“It’s a truly unique business with the deepest moat that exists today,” an investor told the Financial Times recently.
Starlink is SpaceX’s cash cow as the satellite business more than doubled its profit last year to $4.4 billion. Blue Origin has plans to compete in that arena as well by building out its constellation of Leo satellites. But the New Glenn explosion, which also damaged Blue Origin’s launchpad, has set that back as well.
Walter Isaacson, an author and an advisory partner at Perella Weinberg, pointed out that the New Glenn accident not only puts Blue Origin behind SpaceX in the lunar mission but further behind its rival in the satellite business.
“SpaceX is way ahead, and the loss of this launchpad on during this test means that it’s going to be harder for Blue Origin to catch up in the next two or three years with low-Earth-orbit communication satellites,” he told CNBC on Friday.
