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[ad_1] John Creekmur, chief investment officer at the Illinois-based Creekmur Wealth Advisors, said that Disney is a buying opportunity after it took full control of Hulu . Shares of the entertainment giant were up more than 2% on Tuesday after Disney agreed to pay Comcast $438.7 million for its stake in Hulu. The move has been in the works for a few years, with Disney announcing in 2023 that it planned to buy Comcast’s 33% stake in Hulu. Creekmur appeared on “Three-Stock Lunch” Tuesday, sharing his takes on Disney, Taiwan Semiconductor and J.M. Smucker. Walt Disney Company Disney’s acquisition of…
[ad_1] YouTube has blown past prestige streamers like Netflix and Disney+ to become the biggest TV company by viewership. And the traditional media business is about to get another wake-up call.This year, ad revenue from creator-driven platforms like YouTube, TikTok, and LinkedIn will exceed ad revenue driven by studios and media companies known for their professionally made content, WPP Media’s new mid-year global ad forecast says.WPP Media — a part of ad holding company giant WPP — estimated that the ad revenue generated by those creator-driven platforms would just exceed the $235 billion driven by TV, audio, print, and cinema companies…
[ad_1] OpenAI has launched o3-pro, an AI model that the company claims is its most capable yet. O3-pro is a version of OpenAI’s o3, a reasoning model that the startup launched earlier this year. As opposed to conventional AI models, reasoning models work through problems step by step, enabling them to perform more reliably in domains like physics, math, and coding. O3-pro is available for ChatGPT Pro and Team users starting Tuesday, replacing the o1-pro model. Enterprise and Edu users will get access the week after, OpenAI says. O3-pro is also live in OpenAI’s developer API as of this afternoon.…
[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Blackstone Group is preparing to significantly increase its investments across Europe as the private capital group bets economic reforms will revive growth after years of US outperformance. Stephen Schwarzman, co-founder of the $1.2tn-in-assets investment group, told the Financial Times in an interview that Blackstone was planning to invest “at least $500bn” in Europe in the coming decade, as it spots opportunities to become a major lender to companies across the continent and strike large infrastructure and private equity takeovers. “We are…
[ad_1] Stocks have made a recovered from this year’s lows, but uncertainty remains a key theme as the second half of the year approaches – and investors can prepare for it. President Donald Trump’s rollout of sharply higher tariffs in April sent stocks on a wild ride, with the S & P 500 at one point dipping more than 20% from its all-time high. Traders’ hopes for progress in trade negotiations, along with solid first-quarter earnings, helped the market recover since then, however. The S & P 500 is now less than 2% below its its all-time high. Don’t just…
[ad_1] 2025-06-10T19:40:10Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. JPMorgan CEO Jamie Dimon believes the best way to run a meeting is to encourage radical honesty. Rather than trying to impress the boss, he advises putting your “dead cats” on the table. He made the remarks on Tuesday at a conference hosted by Morgan Stanley. If you work for Jamie…
[ad_1] 2025-06-10T19:39:37Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. ICE briefly detained TikTok’s top star, Khaby Lame, for overstaying his visa, an ICE spokesperson said. Lame was held at a Las Vegas airport before being granted voluntary departure and leaving the US. The 25-year-old creator has around 160 million followers on TikTok. TikTok’s top star, Khaby Lame, was briefly detained by US…
[ad_1] The New York Times took a swipe at its media brethren as it celebrated the dismissal of Justin Baldoni’s libel suit against the paper.David McCraw, deputy general counsel for the Times, shared an internal memo Tuesday on Slack saying the paper stood by its reporting on the case and was confident the dismissal would hold up if there’s a further review.Then he pivoted: “One final thought: At a time when other news organizations are deciding to settle baseless claims rather than stand up for press freedom in court, the Baldoni decision is a good reminder that The Times has…
[ad_1] Microsoft may be about to clinch a major customer for its main Copilot AI offering.In a recent meeting, Chief Commercial Officer Judson Althoff told employees that a customer with more than 1 million Microsoft 365 licenses will be adding Copilot, according to people who attended. These people asked not to be identified discussion private matters.It’s unclear how far along the discussions are, or whether the deal will change or pan out. The details of how this customer will be charged may also be in flux. Microsoft typically sells per-seat software licenses that cost a certain amount each month, however,…
[ad_1] CNN — Offline, in real-world Los Angeles, most Angelenos are having a perfectly normal day. But online, the fires and riots are still raging. The powerful algorithms that fuel social media platforms are feeding users days-old and sometimes completely fake content about the recent unrest in L.A., contributing to a sense of nonstop crisis that doesn’t exist beyond a small part of the sprawling city. Unvetted accounts on platforms like X and TikTok, in an apparent bid for clicks, clout and chaos, have preyed on the fears of liberals and conservatives about where last weekend’s clashes will lead. An…