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ByteDance Scrambles To Rein In Seedance 2.0 After Disney, Paramount Threaten Legal Action Over AI-Created Videos: Report
Benzinga· 2026-02-16 08:33
Group 1: Core Insights - ByteDance is implementing measures to prevent unauthorized use of intellectual property on its AI video generator, Seedance 2.0, in response to legal threats from U.S. studios like Walt Disney Co. [1] - Seedance 2.0 has gained significant traction in China, with a viral video featuring Tom Cruise and Brad Pitt, and is noted for its ability to create cinematic narratives with minimal input [2] - Disney has issued a cease-and-desist letter to ByteDance, alleging that Seedance 2.0 uses Disney characters for training without authorization, claiming it includes a pirated library of copyrighted characters from franchises such as Star Wars and Marvel [3] Group 2: Legal Actions and Industry Context - Paramount Skydance Corp. has also sent a cease-and-desist letter to ByteDance, citing "blatant infringement" of its intellectual property, indicating rising tensions between content creators and AI developers over intellectual property rights [4] - Recent lawsuits have emerged against major AI firms for copyright infringement, with authors filing claims for unauthorized use of copyrighted books, highlighting a broader industry issue [5]
Brian Armstrong Reveals Retail Users 'Buying The Dip' In Bitcoin, Ethereum: Coinbase CEO Says, 'They Have Diamond Hands' - Grayscale Bitcoin Mini Trust (BTC) (ARCA:BTC)
Benzinga· 2026-02-16 07:31
Core Insights - Retail users on Coinbase are demonstrating resilience by consistently purchasing Bitcoin and Ethereum during market downturns [1][2] - CEO Brian Armstrong noted that the majority of retail customers maintained or increased their Bitcoin and Ethereum balances from December to February [2] - Google search interest for Bitcoin reached a five-month high in February, coinciding with a significant price drop [2] Retail Accumulation - There has been a notable increase in the number of Bitcoin and Ethereum units held by retail users on Coinbase [2] - Binance retail traders exhibit strong optimism for Bitcoin, with a Long/Short ratio of 1.90 [3] - The Bitcoin Exchange Reserve metric indicates that investors are withdrawing coins for long-term holding, as reserves sharply declined after a sell-off [3] Financial Performance - Coinbase's fourth-quarter revenue for 2025 was reported at $1.78 billion, which fell short of analyst expectations, while earnings per share (EPS) of $0.66 exceeded forecasts [4] - The company's full-year revenue reached $7.2 billion, marking a 9% increase compared to the previous year [4] - Armstrong mentioned the potential for Coinbase to launch its own prediction market business, expanding beyond its current role as a retail distributor [4] Stock Performance - Coinbase shares experienced a 16.46% increase, closing at $164.32 during the last trading session [5] - Despite the recent price increase, COIN stock is characterized by a weaker price trend across short, medium, and long-term periods [5] - The stock holds an average Value ranking according to Benzinga's Edge Stock Rankings [5]
Is Stock Market Open Today? What's Open, What's Closed On Presidents Day 2026? - Bank of America (NYSE:BAC), Capital One Finl (NYSE:COF)
Benzinga· 2026-02-16 06:58
Financial Markets And Banking - The New York Stock Exchange (NYSE) and Nasdaq are closed for Presidents' Day, with trading set to resume on Tuesday, Feb. 17 [2] - U.S. bond markets are also fully closed for the holiday as per the Securities Industry and Financial Markets Association (SIFMA) [2] - Major commercial banks, including JPMorgan Chase & Co., Bank of America Corp., and Capital One Financial Corp., are closed, following the Federal Reserve holiday schedule, although online banking and ATM services remain functional [3] Mail And Shipping Services - The U.S. Postal Service (USPS) has suspended regular mail delivery and closed all retail post office locations for the holiday, while private carriers continue to operate [4] Government And Schools - All non-essential federal government offices, including the IRS and Social Security offices, are closed for Presidents' Day, along with most state and local government buildings [5] - Public school districts and many universities are also closed, although some may use the day as a "snow day" makeup [5] Retail And Grocery - Many department stores are taking advantage of the holiday to hold significant "Presidents Day Sales," particularly in the furniture and appliance categories [6]
Uber Targets $1 Billion In New Gross Bookings With Expansion Into 7 European Delivery Markets: Report - Uber Technologies (NYSE:UBER)
Benzinga· 2026-02-16 04:35
Group 1: Expansion Plans - Uber Technologies Inc. plans to expand its delivery operations into seven additional European countries by 2026, including Austria, Denmark, Finland, and Norway [1] - The company aims to generate an additional $1 billion in gross bookings over three years with this market entry [2] - The expansion will also include the Czech Republic, Greece, and Romania, amidst a wave of consolidation in the European food delivery sector [3] Group 2: Competitive Landscape - Uber will compete with Finland-based Wolt in several key markets, which was acquired by DoorDash Inc. in 2022 [2] - Uber's market share has grown in major European markets such as the UK, Germany, France, and Spain, with significant increases reported by YipitData [5] Group 3: Strategic Acquisitions - Uber announced plans to acquire Getir's food delivery business in Türkiye, which includes food, grocery, retail, and water delivery services [4] - This acquisition is expected to enhance Uber's ability to meet restaurant demand and leverage global technology [4] Group 4: Technological Advancements - The company aims to automate its delivery services using drones and robots [5]
Elon Musk Has 75% Chance Of Becoming Trillionaire In 2026, Says He's Helped Others 'Thousands Of Times Over' In Creating Wealth - Tesla (NASDAQ:TSLA)
Benzinga· 2026-02-16 04:04
Core Insights - Elon Musk's net worth of $849.3 billion is primarily derived from his ownership stakes in Tesla and SpaceX, with less than 0.1% in cash [2] - Tesla is predominantly owned by retail investors and institutional funds, with over 80% of its shares held by these groups [2] - Predictions indicate a 78% probability that Musk could reach a $1 trillion net worth before 2027, especially following the merger of SpaceX with his AI firm xAI, which is valued at approximately $1.25 trillion [3] Company Performance - Tesla reported quarterly earnings of 50 cents per share, exceeding the consensus estimate of 45 cents by 12.36%, with total revenue of $24.9 billion, surpassing the analysts' estimate of $24.78 billion [4] - Tesla's stock has shown a strong long-term price trend, earning a solid Momentum rating, although it is currently trending downward in the short and medium term [4]
European Governments Link Navalny's Death To Poisoning by Moscow
Benzinga· 2026-02-15 15:46
On Saturday, five European governments said lab work on deceased Russian dissident Alexei Navalny's remains detected epibatidine, a poison associated with South American dart frogs, and they argued the finding points to Russian responsibility for his 2024 death in an Arctic prison colony. The allegation lands as Navalny's allies have pushed a separate theory that he was nearing release via a prisoner swap negotiation that they say collapsed when he died.Reuters reports Britain, France, Germany, Sweden and t ...
Evommune (NYSE:EVMN), Gilat Satellite Networks (NASDAQ:GILT), Lyft (NASDAQ:LYFT), Transocean (NYSE:RIG)
Benzinga· 2026-02-15 14:59
Group 1 - The Benzinga Stock Whisper Index identifies five undervalued and under-followed stocks each week, aiming to help investors uncover new opportunities [1] - The index utilizes proprietary data and pattern recognition to highlight stocks that deserve attention, addressing the challenge of information overload for retail traders [1] - The report for the week ending February 13 includes insights into market trends and stock performance, although specific stock details are not provided in the excerpt [2] Group 2 - The CEO of Lyft emphasized the company's record bookings, profits, and cash flow for the quarter, indicating strong financial performance [3] - Lyft is transitioning from a ride-hailing app to a fleet management company, which reflects its strategic shift towards autonomous vehicles [3] - Investors and analysts are expected to closely monitor Lyft's stock as they assess the balance between the company's growth and profitability [3]
Rivian, Magna International, And Akamai Are Among the Top 10 Large-Cap Gainers Last Week (Feb. 9-Feb. 13): Are the Others in Your Portfolio? - Akamai Technologies (NASDAQ:AKAM), BorgWarner (NYSE:BWA),
Benzinga· 2026-02-15 14:32
Group 1: Stock Performances - Magna International, Inc. (NYSE:MGA) shares gained 26.81% after reporting better-than-expected fourth-quarter financial results and issuing FY26 adjusted EPS guidance above estimates [1] - Generac Holdings Inc. (NYSE:GNRC) jumped 22.25% following its fourth-quarter financial results, with Barclays analyst raising the price forecast from $186 to $213 [2] - Solstice Advanced Materials Inc. (NASDAQ:SOLS) increased 20.51% after multiple analyst firms raised their respective price forecasts [2] - BorgWarner Inc. (NYSE:BWA) gained 20.15% after reporting better-than-expected fourth-quarter financial results and signing a master supply agreement with TurboCell [3] - Texas Pacific Land Corporation (NYSE:TPL) soared 17.64% this week [3] - QXO, Inc. (NYSE:QXO) gained 17.75% after announcing its acquisition of Kodiak Building Partners [3] - Akamai Technologies, Inc. (NASDAQ:AKAM) increased 17.64% with DA Davidson analyst maintaining a Buy rating and raising the price forecast from $115 to $125 [4] - Smurfit WestRock (NYSE:SW) soared 16.81% after reporting fourth-quarter financial results and receiving multiple price forecast increases from analysts [4]
Pinterest, DraftKings, And Flutter Are Among Top 10 Large Cap Losers Last Week (Feb. 9-Feb. 13): Are the Others in Your Portfolio? - Astera Labs (NASDAQ:ALAB), AST SpaceMobile (NASDAQ:ASTS), CBRE Grou
Benzinga· 2026-02-15 13:32
Group 1 - Astera Labs, Inc. (NASDAQ:ALAB) decreased by 23.74% after reporting fourth-quarter financial results [1] - Medpace Holdings, Inc. (NASDAQ:MEDP) slumped 20.69% following its fourth-quarter financial results and multiple analyst price target reductions [2] - Zillow Group, Inc. (NASDAQ:Z) decreased by 20.89% after reporting mixed fourth-quarter financial results [2] - Karman Holdings Inc. (NYSE:KRMN) fell 20.96% this week [2] Group 2 - AST SpaceMobile, Inc. (NASDAQ:ASTS) decreased by 17.9% after announcing a $1 billion convertible senior notes offering [3] - Ryan Specialty Holdings, Inc. (NYSE:RYAN) slumped 17.90% after reporting worse-than-expected fourth-quarter financial results and announcing a $300 million buyback [3] - Flutter Entertainment (NYSE:FLUT) fell 18.88% amid sympathy with DraftKings after its fourth-quarter financial results [3] Group 3 - CBRE Group (NYSE:CBRE) decreased by 15.55% despite reporting better-than-expected fourth-quarter adjusted EPS results and issuing FY26 adjusted EPS guidance above estimates [4]
FTC Chairman Writes To Tim Cook, Siri Delay And More: This Week In Appleverse - Apple (NASDAQ:AAPL)
Benzinga· 2026-02-15 12:02
Core Insights - Apple Inc. experienced a week of mixed outcomes, facing challenges while also celebrating significant victories [1] Group 1: Market Performance - In January 2026, Apple's performance in the Chinese smartphone market stood out despite an overall 23% year-over-year decline in smartphone sales [2] Group 2: Legal and Regulatory Issues - The FTC Chairman raised concerns regarding alleged political bias in Apple News, addressing Tim Cook in a letter about the promotion of left-wing content over conservative publications [3] - Apple achieved a major legal victory when a jury dismissed claims from Optis Wireless regarding patent infringement related to 4G technology [4] Group 3: Stock Performance - Following reports of a potential delay in new Siri features, Apple's stock saw a temporary decline of 1.2% [5] Group 4: Future Outlook - Tim Cook announced plans to celebrate Apple's 50th anniversary, with expectations of new smartphone releases and record financial results in 2026 [6]