The AI boom is soaking up investor cash, staving off a recession, and showing signs of faltering, David Rosenberg says. AI is “sapping the momentum out of the rest of business capital spending,” the veteran economist said during the latest episode of the “Excess Returns” podcast. Rosenberg estimated that 50% of all corporate investment is
There’s no question that David Ellison, the doggedly ambitious CEO of Paramount Skydance, loves movies and filmmaking. In making his case for Paramount’s eye-poppingly pricey megadeal to merge with Warner Bros., he has repeatedly pledged that the combined company will release a lot more movies — to the tune of at least 30 titles per
In his HBO sketch series “Life, Larry and the Pursuit of Unhappiness,” Larry David travels throughout history, inserting his stubborn and curmudgeonly self into America’s most pivotal moments. “Lawrence,” as he’s often called, fights in the trenches of World War I, heckles George Washington during his Farewell Address and defends Rosa Parks on a Montgomery
The U.K.’s decision to clear Paramount Skydance’s $111 billion proposed acquisition of Warner Bros. Discovery has been broadly welcomed by European industry players. U.K. exhibitors, media executives and analysts have argued the deal reflects a wider shift in regulatory thinking as European broadcasters face mounting competitive pressure from global streaming giants. Following the European Commission’s
Netflix has announced the sprawling cast for the third chapter in Adam Sandler’s “Grown Ups” saga. The third installment is set to bring back Sandler, Kevin James, Chris Rock, David Spade, Rob Schneider, Maya Rudolph, Maria Bello and Salma Hayek Pinault as the leads from the previous chapters, the streamer announced on Aug. 6. They
Ugandans are mourning the death of one of the country’s best-known footballers after he was beaten to death by suspected robbers near his home in the capital, Kampala. Police said David Owori was fatally assaulted after resisting an attempt to steal his mobile phone and other belongings, prompting an outpouring of grief and renewed public