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Rolling Stone, Billboard owner Penske sues Google over AI overviews
Reuters· 2025-09-14 02:51
Core Viewpoint - The owner of Rolling Stone, Billboard, and Variety has filed a lawsuit against Google, claiming that the technology company's AI-generated summaries utilize its journalism without permission and negatively impact traffic to its websites [1] Group 1 - The lawsuit alleges that Google's AI summaries are infringing on the rights of the journalism owned by the plaintiff [1] - The complaint highlights a reduction in website traffic as a consequence of Google's AI practices [1]
Jim Cramer Discussed Paramount Skydance Corp. (PSKY)’s Warner Brother Deal In Detail
Yahoo Finance· 2025-09-13 16:12
Group 1 - Paramount Skydance Corp. (NASDAQ:PSKY) is the new name for the former Paramount Global, previously traded under the ticker 'PARA' [2] - The stock experienced a significant increase following a Wall Street Journal report suggesting a potential acquisition of Warner Bros. Discovery [2] - Jim Cramer highlighted the potential for major companies like Amazon and Apple to capitalize on WarnerMedia Holdings' debt situation, suggesting they could become leading entertainment companies by acquiring it [3] Group 2 - There is a belief that while PSKY has investment potential, certain AI stocks may offer better returns with lower risk [4]
Stocks Settle Mixed as Bond Yields Climb
Nasdaq· 2025-09-12 23:00
Market Overview - The S&P 500 Index closed down -0.05%, the Dow Jones Industrials Index down -0.59%, while the Nasdaq 100 Index closed up +0.42% [1] - Stock indexes settled mixed as higher bond yields led to long liquidation in equities, with the 10-year T-note yield rising +5 basis points to 4.06% [2] - The University of Michigan US September consumer sentiment index fell -2.8 to a 4-month low of 55.4, which weighed on stock prices [5] Economic Indicators - The US consumer sentiment report for September was weaker than expected, contributing to a Fed-friendly outlook for interest rate cuts [3][9] - Markets are pricing in a 100% chance of a -25 basis point rate cut at the upcoming FOMC meeting, with an overall expectation of -70 basis points by year-end [6][9] Company Movements - Warner Bros Discovery (WBD) surged over +16% following reports of a potential acquisition bid from Paramount Skydance [13] - Tesla (TSLA) rose more than +7% after receiving approval for testing autonomous vehicles in Nevada [13] - Micron Technology (MU) increased over +4% on speculation of accelerated growth due to strong demand for AI chips [14] - Oracle (ORCL) fell more than -5% amid reports of insider backing for a competing acquisition bid [17] Sector Performance - Covid vaccine makers, including Moderna (MRNA) and BioNTech SE (BNTX), retreated over -7% following reports linking child deaths to Covid shots [16] - Home builders and suppliers faced declines due to rising T-note yields, with Builders FirstSource (BLDR) and Toll Brothers (TOL) down more than -2% [16]
Stock Market This Week: ORCL Guidance Rally, New AAPL Products, WBD Up 56%
Youtube· 2025-09-12 23:00
Welcome to the rap. I'm Marley Kaden here to take you through this week's market action. All major indices closed out the week with a win.The NASDAQ rallied almost 2% while the S&P added 1 and a half. The Dow closed the week 1% higher. The Russell tacked on a quarter%.All sectors saw gains with the exception of consumer staples. Tech was the biggest winner, rallying 3% throughout the week. Utilities saw significant gains as well, closing almost 2 and a.5% higher.The biggest move of the week was seen after O ...
X @Investopedia
Investopedia· 2025-09-12 22:30
Market Trends - Warner Bros Discovery shares increased for the second consecutive day [1] - Paramount Skydance reportedly aims to acquire Warner Bros Discovery [1]
S&P 500 Gains and Losses Today: Warner Bros. and Paramount Extend Gains; Moderna Plunges
Investopedia· 2025-09-12 22:25
Group 1: Market Movements - Shares of Warner Bros. Discovery (WBD) surged 16.7%, marking the best performance in the S&P 500 for the second consecutive day, driven by speculation of a cash takeover bid from Paramount Skydance (PSKY) [4][8] - Paramount Skydance shares increased by 7.6% following the takeover bid reports [4][8] - Major U.S. equity indexes showed mixed results, with the S&P 500 ending with a loss of less than 0.1%, the Dow dropping 0.6%, and the Nasdaq gaining 0.4% to achieve its fifth straight record closing high [3] Group 2: Sector Performance - Vaccine makers, including Moderna and Pfizer, faced declines, with Moderna shares dropping 7.4% and Pfizer down 4%, following reports linking COVID-19 vaccines to child deaths [10][8] - Tesla (TSLA) shares rose 7.4%, bolstered by expectations of a Federal Reserve rate cut and positive developments in its humanoid robot business [5] - Micron Technology (MU) shares gained 4.4%, reaching an all-time closing high, supported by strong demand for its memory chips and a price target increase from Citi analysts [6] Group 3: Company-Specific Developments - Arista Networks (ANET) shares fell 8.9% despite guiding for 20% revenue growth in fiscal 2026, as concerns arose regarding long-term operating margins being projected below fiscal 2025 levels [9] - Oracle (ORCL) shares retreated 5.1% after a strong post-earnings rally, with analysts expressing concerns about the company's growth being heavily reliant on a small number of clients [11]
X @Investopedia
Investopedia· 2025-09-12 21:30
Enthusiasm about the possibility of a major industry deal helped two media giants extend their rally on Friday, Sept. 12, 2025, while shares of vaccine makers lost ground. https://t.co/ltJsGWtviK ...
Mixed Signals on Wall Street as Tech Shines Amid Rate Cut Expectations
Stock Market News· 2025-09-12 21:07
The U.S. stock market experienced a mixed day on Friday, September 12, 2025, with technology stocks largely driving gains, while broader indexes showed varied performance. This comes as investors eagerly anticipate the Federal Reserve's upcoming interest rate decision next week, with strong expectations for a rate cut. Despite a somewhat uneven session, all three major U.S. indexes are poised to conclude the week with gains, marking one of Wall Street's best weekly performances in the last five.Market Index ...
Wall Street Navigates Mixed Signals as Nasdaq Hits New High, Fed Rate Cut Looms
Stock Market News· 2025-09-12 20:07
Market Performance - The U.S. stock market closed on September 12, 2025, with mixed performances across major indexes, yet remained on track for one of its strongest weeks in five [1][3] - The Nasdaq Composite reached a record high of 22,140.36 points, climbing 0.4%, while the S&P 500 closed up 2.87 points at 6,590.34, and the Dow Jones Industrial Average fell 0.5% to 45,937.20 [2] Key Market Movers - Microsoft (MSFT) shares increased by 2% following an agreement with OpenAI, enhancing its position in the AI sector [4] - Tesla (TSLA) shares surged 7%, driven by optimism regarding Federal Reserve rate cuts and a technical breakout [5] - Warner Bros. Discovery (WBD) shares rose 16% due to reports of a potential takeover offer from Paramount Skydance [6] - Adobe (ADBE) reported better-than-expected quarterly results but saw its shares slip after lowering its sales forecast [7] - RH (RH) experienced a 4% decline after revising down its sales forecast and delaying a product launch [8] - Oracle Corp (ORCL) initially jumped 36% on record cloud demand but later eased 6% due to profit-taking [9] - Nvidia (NVDA) and Super Micro Computer (SMCI) saw marginal gains, benefiting from the AI boom [10] - Arista Networks (ANET) and Moderna (MRNA) were among the top losers, falling 7.23% and 6.9% respectively [11] Upcoming Events - The Federal Reserve's Open Market Committee meeting on September 16-17 is highly anticipated, with expectations of a 25-basis-point interest rate cut [12] - The University of Michigan Consumer Sentiment Index showed a decline to 55.4, indicating mixed consumer outlooks [13] - Other central banks, including the Bank of England and the Bank of Japan, are expected to maintain steady rates next week [14] Post-Market Earnings - Cantaloupe (CTLP) reported EPS of $0.09 on revenue of $82.56 million, missing analyst forecasts [15] - OFS Credit (OCCI) reported EPS of $0.31 and revenue of $12.05 million, also below expectations [15] - Huize Holding (HUIZ) is expected to report its second-quarter earnings soon [15]
Tech Leads Mixed Market as Fed Rate Cut Looms
Stock Market News· 2025-09-12 18:07
U.S. equities presented a mixed picture in afternoon trading on Friday, September 12, 2025, as investors digested recent inflation data and eagerly awaited the Federal Reserve's upcoming interest rate decision. While the tech-heavy Nasdaq Composite (COMP:IND) continued its upward trajectory, hitting new intraday highs, the Dow Jones Industrial Average (DJI) experienced a slight decline, and the S&P 500 (SPX) remained largely flat. All three major indexes had closed at record highs yesterday, fueled by inves ...