Good morning. There’s been a recurring theme to some of the AI conversations I’ve had this week: using the technology to find things in sprawling corporations. For all that agentic AI promises for the future, several executives told me that the real value right now is in locating assets—documents, devices, intellectual property, et cetera—within companies. …
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. On Tuesday, Sen. Elizabeth Warren (D-Mass.) raised concerns about media consolidation, pointing to David Ellison’s ties to President Donald Trump as he seeks control of Warner Bros. Discovery, Inc. (NASDAQ:WBD). In a post on X, formerly Twitter, Warren…
In a bold pivot signalling the end of an era, Paramount Global has confirmed that five of MTV’s UK music channels—MTV Music, MTV 80s, MTV 90s, Club MTV and MTV Live—will cease broadcasting on31 December 2025. This marks a dramatic shift from MTV’s roots as a music pioneer to a future focused on streaming and…
Oracle chairman and co-founder Larry Ellison, the father of Paramount Global’s new owner David Ellison and a major investor in the media company after its merger with Skydance, just saw his wealth soar by over $100 billion. The company reported stellar earnings late Tuesday with a massive backlog of contracts for its Cloud business that…
The stock market continues to be extraordinary in the face of distressing headlines, but the growing concentration risk has more investors on edge. The S & P 500 is back at all-time highs as the bull case on Wall Street plays out. The artificial intelligence buildout is ramping up. Corporate earnings are topping expectations. Interest…
Check out the companies making the biggest moves midday: Miami International Holdings — The parent of Miami-based exchange operator MIAX surged more than 43% in its public market debut at the New York Stock Exchange. The company priced its initial public offering at $23 per share. It last traded above $31. Paramount Skydance — The…
My top 10 things to watch Monday, Aug. 11 1. Melius Research’s Ben Reitzes downgraded Adobe to sell from hold, arguing that an AI-driven multiple contraction phase is in the early innings for software-as-a-service (SaaS) companies. That includes the likes of Atlassian and Club stock Salesforce . It can still get worse for these names,…
Disney shares are under pressure Wednesday after the entertainment giant reported mixed quarterly results. We think it’s an opportunity. Revenue in the three months ended June 28 increased 2% year over year to $23.65 billion, missing expectations of $23.73 billion, according to LSEG. Adjusted earnings per share (EPS) in the fiscal 2025 third quarter totaled…
Donald Trump celebrated CBS‘s decision to cancel The Late Show with Stephen Colbert, and attacked the two remaining broadcast network late night hosts, Jimmy Kimmel and Jimmy Fallon. Trump posted on Truth Social, “I absolutely love that Colbert’ got fired. His talent was even less than his ratings. I hear Jimmy Kimmel is next. Has…
Amazon founder Jeff Bezos once revealed that it took years of asking—and a very specific demand—to land his dream cameo in the Star Trek universe. Speaking during a 2020 fireside chat in Mumbai with bollywood star Shah Rukh Khan and filmmaker Zoya Akhtar, Bezos explained how his brief role in the 2016 film Star Trek…