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Salesforce Eases AI Fears With Strong Outlook and Big Buybacks

Salesforce Inc. gave a strong outlook for long-term sales and announced a large share buyback, helping assuage some of Wall Street's fears about AI disruption of the software industry.  "We're well on our way" to $63 billion in annual revenue in fiscal year 2030, Chief Executive Officer Marc Benioff said Wednesday in a statement. Wall Street was expecting $60.3 billion. The company also announced a new $50 billion stock buyback program and increased its quarterly dividend to 44 cents per share. Bloomberg's Anurag Rana joins to discuss.

Read more: Salesforce Eases AI Fears With Strong Outlook and Big Buybacks
Bloomberg

Warner Bros. Posts Lower Sales, Profit Amid Takeover Fight

Warner Bros. Discovery reported lower fourth-quarter sales and earnings, with fourth-quarter revenue declining 6% to $9.46 billion and adjusted earnings before interest, taxes depreciation and amortization shrinking to $2.22 billion. And Paramount Skydance reported fourth-quarter sales and earnings that beat Wall Street projections, with revenue of $8.15 billion and adjusted operating income of $612 million. Bloomberg's Geetha Ranganathan.

Read more: Warner Bros. Posts Lower Sales, Profit Amid Takeover Fight
Bloomberg

Inside the $100M Supercar Auction Boom

The collectible car market is accelerating, fueled by rising demand for so-called modern classic supercars from brands including Lamborghini, Ferrari and Bugatti. Broad Arrow is capitalizing on that momentum. The auction house delivered more than 624-million dollars in total sales last year and expects to generate more than 100-million dollars next week at its Amelia Island auction.  Kenneth Ahn, President of Broad Arrow Auctions, joined Bloomberg Open Interest to talk about the market.

Read more: Inside the $100M Supercar Auction Boom