Author: usaeverydaylife

At an all-hands meeting on Thursday, OpenAI CEO Sam Altman denied reports that he received a “giant equity stake” in the company, calling that information “just not true,” according to a person who was in attendance. Altman and finance chief Sarah Friar both said at the meeting, conducted by video, that investors have raised concerns about Altman not having equity in the high-valued artificial intelligence company that he co-founded almost nine years ago, said the person, who asked not to be named because the gathering was only for employees. Regarding his potentially attaining an equity stake, Altman said, “There are…

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Three down, how many more to go?Over the past seven weeks, the Chicago White Sox, Seattle Mariners and Cincinnati Reds have all fired their managers. If history is any indication, the turnover is only beginning.A fourth job will open when Skip Schumaker exercises his “get out of jail free” card with the Miami Marlins. Other changes are almost certain, whether due to retirements, postseason flameouts or internal conflicts.Sometimes, these things come out of nowhere. The Chicago Cubs’ hiring of Craig Counsell to replace David Ross at the end of last season was one such move. The St. Louis Cardinals’ firing…

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U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky looks on during a meeting in New York on September 25, 2019, on the sidelines of the United Nations General Assembly.Saul Loeb | Afp | Getty ImagesWASHINGTON — Former President Donald Trump said on Thursday that he would meet with Ukraine’s President Volodymyr Zelenskyy Friday morning at Trump Tower in New York.Trump was previously not expected to meet with the Ukrainian president, who has already held meetings on Thursday with both President Joe Biden and Vice President Kamala Harris. Both Trump and his running mate, Sen. JD Vance of Ohio, have been critical of the…

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Here are Thursday’s biggest calls on Wall Street: Goldman Sachs upgrades Bilibili to buy from neutral Goldman said it sees margin growth for the China online entertainment platform. ” Bilibil i is a highly sticky, under monetized young user based video platform, and is now turning to a more robust and profitable business model driven by higher margin ads/gaming business. UBS downgrades GE Healthcare to sell from neutral UBS said it sees too many risks for the healthcare medical tech company. “Shares pricing in delivery of mid-term guidance, not pricing China risk.” Morgan Stanley downgrades Tencent Music Entertainment to equal…

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Traders work on the floor of the NYSE. NYSEStock futures traded near the flatline Thursday night as Wall Street awaits a key inflation reading.Futures tied to the Dow Jones Industrial Average were little changed, as were S&P 500 futures. Nasdaq 100 futures ticked higher by less than 0.1%.In after-hours action, Costco Wholesale slipped 1% after posting a revenue miss. In the fiscal fourth quarter, the warehouse retailer reported earnings of $5.29 per share on $79.70 billion in fourth-quarter revenue. Analysts polled by LSEG expected earnings of $5.08 per share on $79.97 billion in revenue.Thursday’s trading session ended on a strong note,…

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News anchors work at Newsmax’s booth during the second day of the 2024 Republican National Convention at the Fiserv Forum in Milwaukee, Wisconsin, July 16, 2024.Patrick T. Fallon | Afp | Getty ImagesA settlement has been reached in a defamation lawsuit pitting an electronic voting machine manufacturer targeted by allies of former President Donald Trump against a conservative news outlet that aired accusations of vote manipulation in the 2020 election.Newsmax on Thursday confirmed a deal had been reached but further details were not disclosed. Smartmatic, the voting machine company, has claimed that Newsmax program hosts and guests made false and…

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Manchester United chief executive Omar Berrada has told staff that the aim is to win the Premier League title in 2028, for the 150th anniversary of the club being formed.Berrada, who officially joined from rivals Manchester City in June, addressed employees during a meeting at Old Trafford last Wednesday and mapped out the ambitions shared by Sir Jim Ratcliffe and the football hierarchy.Berrada informed staff of “Project 150” — so called because it coincides with the major milestone of United’s existence. The club was founded, as Newton Heath, in 1878, before changing its name to Manchester United in 1902.That defined…

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This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.The big storyThe big banks of Wall Street have been quick to tweak what they expect from Indian growth this year.Bank of America, Goldman Sachs and Deutsche Bank have all entertained the idea that India’s economic expansion might be lower than what was previously expected. The country’s GDP figure slowed to a 15-month low of 6.7% year-on-year in the second calendar quarter.Yet, India’s…

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The good times should continue to roll for shares of Micron Technology , according to Wall Street analysts. Shares of the memory chipmaker surged 17% on the back of a strong quarter and forecast driven by ballooning artificial intelligence demand, and many Wall Street firms see more upside ahead. The move put the company on pace for its best day since 2011 and put shares up more than 31% year to date. “We believe the stock should continue to outperform through 2024 and into 2025 as the market continues to discount improving revenue/margin/ earnings power on top of strong positive…

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Rep. Matt Gaetz, R-Fla., leaves the U.S. Capitol after the House voted on the Spending Reduction and Border Security Act, Sept. 29, 2023. The measure failed to pass.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesRep. Matt Gaetz said Thursday that he has learned the House Ethics Committee will subpoena him as it investigates whether the Florida Republican engaged in sexual misconduct with a minor or illicit drug use.Gaetz, a close ally of former President Donald Trump, made the statement in an angry letter to the Ethics Committee that declared he will “no longer voluntarily participate” in the panel’s probe.Gaetz…

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