The WTA Tour Finals in Saudi Arabia was never going to be an under-the-radar affair.Judy Murray, a top coach and the mother of Andy, the two-time Wimbledon champion, has been conducting clinics. There will be events focused on women’s health issues. A 5,000-seat stadium-within-a-stadium venue has been constructed at King Saud University.And Spain’s Garbine Muguruza, a two-time Grand Slam champion, former world No. 1 and boldface name in tennis, is tournament director.“She’s played the event, she’s won the event,” said Steve Simon, the chief executive of the WTA Tour. “She has a unique perspective.”As the women’s tennis tour arrives in…
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A Thai investor checks an electronic board showing stock prices.Amphol Thongmueangluang | SOPA Images| LightRocket | Getty ImagesThe U.S. Federal Reserve’s decision to cut interest rates in September, with further reductions expected, could prove to be a boon for the emerging economies of Southeast Asia.”We’re very confident and optimistic with the rate cuts … these markets will come back to their 6-7% real GDP growth trajectory in the near term,” Saurabh Agarwal, head of Southeast Asia private equity at Warburg Pincus, told CNBC’s “Squawk Box Asia” last month.His confidence is matched by economists and finance officials across the region.David Sumual,…
Gene Munster, Deepwater Asset Management, joins ‘Closing Bell Overtime’ to talk Big Tech earnings. Source link
OpenAI CEO Sam Altman said Thursday that his company’s next big AI model release likely won’t come this year as the company is “prioritizing shipping” of existing models that are focused on reasoning and difficult questions.”All of these models have gotten quite complex and we can’t ship as many things in parallel as we’d like to,” Altman wrote during a Reddit AMA. He said the company faces “limitations and hard decisions” when it comes to allocating compute resources “towards many great ideas.”A Reddit user asked Altman about the release date of GPT-5 or its equivalent. GPT is the company’s family…
Shares of former President Donald Trump’s media company fell nearly 12% Thursday in another volatile trading day leading up to the 2024 presidential election.The slide marked Trump Media’s second straight day of steep declines, paring back a recent stock rally that had more than doubled the company’s share price in a matter of weeks.Trump Media, which trades as DJT on the Nasdaq, was halted twice due to volatility within the first hour of trading on Thursday morning. The latest stock slide came after the Truth Social operator recovered from a major sell off in the weeks leading up to the…
NEW YORK — At 1:27 a.m., Juan Soto stepped out of the New York Yankees’ clubhouse for the last time this season. Just before exiting, he turned to the clubhouse attendants and offered a final farewell.“See you guys,” Soto said.Thus began the unofficial start of Soto’s long-awaited free agency, with projections that he could command at least half a billion dollars from the franchise that ultimately signs him. His contract could surpass Shohei Ohtani’s average annual value, especially considering Soto just turned 26 and is among baseball’s most elite players.After fielding numerous questions about his future, Soto sat at his…
JPMorgan’s trading desk has some ideas on how much the stock market might move following Friday’s all-important job report. Friday’s data on nonfarm payrolls, the unemployment rate and wages are the last major economic release before next week’s presidential election and Federal Reserve policy meeting. Economists polled by Dow Jones expect jobs to have grown by 100,000 jobs in October and for the unemployment rate to hold steady at 4.1%. JPMorgan has prepared for several scenarios for the jobs number and how it could move stocks. Here’s each of them, including how likely the trading desk thinks each one is…
Check out the companies making headlines in extended trading. Amazon — The e-commerce giant popped 4.7% after beating earnings expectations on both lines in the third quarter. Amazon reported $1.43 earned per share on revenue of $158.88 billion, while analysts polled by LSEG expected $1.14 and $157.2 billion, respectively. The firm said both its cloud computing and advertising businesses showed strength. Intel – Shares jumped more than 14% following the chipmaker’s better-than-expected third-quarter revenue . For the period, Intel posted revenue of $13.28 billion, while analysts surveyed by LSEG were expecting $13.02 billion. The company also issued uplifting guidance. Apple…
Hiring signs outside a Stewart’s gas station in Catskill, New York, US, on Wednesday, Oct. 2, 2024. Angus Mordant | Bloomberg | Getty ImagesPowerful hurricanes and a major labor strike could take a chunk out of the nonfarm payrolls count for October, which is expected to be the slowest month for job creation in nearly four years.Economists surveyed by Dow Jones expect the Bureau of Labor Statistics to report Friday that payrolls expanded by just 100,000 on the month, held back by Hurricanes Helene and Milton as well as the strike at Boeing. If accurate, it would be the lowest job…
Republican presidential nominee and former U.S. President Donald Trump delivers remarks at Albuquerque International Sunport, in Albuquerque, New Mexico, U.S. October 31, 2024. Brendan McDermid | ReutersRepublican presidential candidate Donald Trump sued CBS on Thursday over an interview of his Democratic rival Kamala Harris aired in early October that the lawsuit alleged was “doctored” and misleading, according to a court filing.The filing was made in the U.S. District Court for the Northern District of Texas. Trump and Harris face each other in what polls show to be a tight race for the Nov. 5 U.S. elections.The suit demanded a jury trial…
