pasal 20
pasal 20
Wall Street stocks surged to fresh records Wednesday on hopes about easing US monetary policy, shrugging off political upheaval in South Korea and France. All three major US indices scored records, with the Dow Jones Industrial Average finishing above 45,000 for the first time. "The market at this point is looking for excuses to go up, and there's not really anything that might work against that narrative," said Steve Sosnick of Interactive Brokers. "Over the last couple of days, it's managed to ignore all sorts of inconvenient things and decided that the situation in France doesn't matter for them," Sosnick said of the stock market. "The situation in Korea doesn't matter." South Korea's stock market fell less than feared and the won rebounded from earlier losses after President Yoon Suk Yeol swiftly reversed a decision to impose martial law. In Europe, Paris stocks managed to advance as France's government faced looming no-confidence votes. Late Wednesday in Paris, French lawmakers voted to oust the government of Prime Minister Michel Barnier after just three months in office, pushing the country further into political uncertainty. For the first time in over sixty years, the National Assembly lower house toppled the incumbent government, approving a no-confidence motion that had been proposed by the hard left but which crucially was backed by the far-right headed by Marine Le Pen. "Political turmoil in both France and South Korea provide a uncertain backdrop for global markets, with the likely removal of both Barnier and Yoon bringing the potential for both countries to find a fresh direction," said Joshua Mahony, chief market analyst at Scope Markets. Thomas Mathews, head of Asia-Pacific markets at Capital Economics, said the losses in Seoul could have been "much worse" had the president not aborted his plan. "Rarely does a combined sell-off in a country's stocks, bonds and currency feel like a relief rally," he said. Oil prices turned lower after surging around 2.5 percent Tuesday, mainly after the United States sanctioned 35 companies and ships it accused of involvement with Iran's "shadow fleet" illicitly selling Iranian oil to foreign markets. Major producers at the OPEC+ grouping led by Saudi Arabia and Russia were set to meet Thursday to discuss extending output limits. Back in New York, major indices were led by the Nasdaq, which piled on 1.3 percent to finish at a third straight record. Wednesday's gains came after payroll firm ADP said US private-sector hiring in November came in at a lower-than-expected 146,000 jobs, while a survey from the Institute for Supply Management showed weaker sentiment than expected in the services sector. But the lackluster data boosts expectations that the Federal Reserve will cut interest rates later this month. At a New York conference, Federal Reserve Chair Jerome Powell refrained from tipping his hand, but he "didn't say anything that would scare the market," said Briefing.com analyst Patrick O'Hare. O'Hare noted that Wednesday's gains were led by large tech names such as Nvidia and Microsoft, which are major AI players. The boost followed strong results from Salesforce, which was the biggest gainer in the Dow with an 11 percent jump. New York - Dow: UP 0.7 percent at 45,014.04 (close) New York - S&P 500: UP 0.6 percent at 6,086.49 (close) New York - Nasdaq Composite: UP 1.3 percent at 19,735.12 (close) London - FTSE 100: DOWN 0.3 percent at 8,335.81 (close) Paris - CAC 40: UP 0.7 percent at 7,303.28 (close) Frankfurt - DAX: UP 1.1 percent at 20,232.14 (close) Seoul - Kospi Index: DOWN 1.4 percent at 2,464.00 (close) Tokyo - Nikkei 225: UP 0.1 percent at 39,276.39 (close) Hong Kong - Hang Seng Index: FLAT at 19,742.46 (close) Shanghai - Composite: DOWN 0.4 percent at 3,364.65 (close) Euro/dollar: UP at $1.0510 from $1.0509 on Tuesday Pound/dollar: UP at $1.2702 from $1.2673 Dollar/yen: UP at 150.56 yen from 149.60 yen Euro/pound: DOWN at 82.71 from 82.92 pence Brent North Sea Crude: DOWN 1.8 percent at $72.31 per barrel West Texas Intermediate: DOWN 2.0 percent at $68.54 per barrel burs-jmb/jgcClubs from across the football pyramid are “alarmed” by the lack of consultation on legislation which could “fundamentally affect the future of English football”, West Ham vice-chairwoman Karren Brady has said. The Apprentice star also argued that a lack of clarity from the Government on the ownership test is causing “significant uncertainty” for potential investors. This came as the House of Lords continued its scrutiny of the Football Governance Bill, which seeks to establish an independent regulator for the top five tiers of the men’s game. In the upper chamber, Baroness Brady said: “We are creating legislation which will profoundly affect 160 quite unique institutions, from Premier League clubs through to the National League community clubs, but it is important for everyone to understand that the consultation with these affected businesses by the current Government has been remarkably limited, almost unbelievably so. “Just seven Premier League clubs, I was one of them, was granted a brief half-hour meeting with the Secretary of State over the summer. “And following this cursory engagement, significant decisions were made that could fundamentally affect the future of English football, most notably with the inclusion of parachute payments within the backstop mechanism. “This is particularly concerning given that fundamental issues still remained unresolved, we still lack any clarity on Uefa’s position on state interference, for example, this clearly creates profound uncertainty for clubs competing in or aspiring to European competition, as well as our national teams.” “We don’t know what the ownership test will look like, this causes significant uncertainty for potential investors as to whether they are able to own a club,” she added. Lady Brady continued: “I have spoken to many of my colleagues across all of the football pyramid, we are all alarmed about and puzzled by the lack of discussion on the Bill with ministers. “Would the minister agree that we all want to get the detail of this Bill right? And can she see any downsides to providing meaningful opportunities to hear from all clubs across the football pyramid affected by the legislation?” Prior to this, Tory shadow sports minister Lord Parkinson of Whitley Bay had tabled an amendment which he said would allow clubs to “make their views known on this legislation” by including specific competitions on the face of the Bill. Labour frontbencher Baroness Twycross told the upper chamber: “I don’t think the leagues are confused either on which leagues this legislation will apply to.” She added: “This power is both reasonable and the result of evidence-based consultation with all key stakeholders in the industry. “This power ensures that the competitions in scope can be amended in a timely manner and ensures the scope of the regime remains relevant.” The peer later said: “Over the past three years there have been countless opportunities for all affected and interested parties to make representations.” Lady Brady also raised concerns about the financial distribution backstop, which she said is “clearly designed as a mechanism to gain direct access to, and apportionate Premier League revenue, and no-one else’s”. “I might add the backstop will allow the IFR (Independent Football Regulator) to do this even if it was against the Premier League clubs’ will, or even without the clubs’ agreement, even if it was to have a detrimental effect on the clubs and the overall competition it removes revenue from,” she added. The backstop would allow the new IFR to intervene in the distribution of Premier League broadcast revenue down the leagues as a last resort. It could be triggered by the Premier League, English Football League (EFL) or National League to mediate the fair financial distribution of this revenue if they are not able to come to an agreement. Conservative peers later raised concerns over the cost implications to clubs of establishing the regulator, although they faced claims of “filibustering” – wasting time by making overlong speeches in a bid to delay progress. Watching opposition benches blatantly filibustering to destroy the Football Governance Bill is nothing short of sporting vandalism.Football is broken. Clubs are struggling. Now those seats have been lost, do they no longer care about likes of Reading or Southend? @FairGameUK — Niall Couper (@NiallCouper) December 4, 2024 Labour peer Lord Watson of Invergowrie questioned why Lord Parkinson was showing “confected outrage” at the Bill when the former culture minister would have been defending a similar proposal had the Tories remained in power. Lord Parkinson, in his reply, said: “We want to see this regulator established, we want to see it doing its work and doing so effectively, but we also see before us a Bill that is different because of the election that was called and the result that happened, and we’re interrogating particularly closely the changes that the Government have made to the Bill – of which there are many. “And we have more concerns on these benches than we did before the election from my colleagues behind me about the way we do it.” The Tory peer pointed to Labour frontbenchers fulfilling their duties to “properly scrutinise” then-government legislation when they were on the opposition benches. Lady Twycross, in an intervention, said: “While I agree that (Lord Parkinson) is correct that I would scrutinise legislation when I was sitting on those (opposition) benches, I have never sought to filibuster a Bill to which my party had committed, which my party had laid before Parliament, and intended to filibuster it to the point of getting us stuck in treacle.” Lord Parkinson replied: “That is not what we’re doing.” Niall Couper, chief executive of the campaign group Fair Game, wrote on social media site X: “Watching opposition benches blatantly filibustering to destroy the Football Governance Bill is nothing short of sporting vandalism.”
(Reuters) : OpenAI said on Friday it was testing new reasoning AI models, o3 and o3 mini, in a sign of growing competition with rivals such as Google to create smarter models capable of tackling complex problems. CEO Sam Altman said the AI startup plans to launch o3 mini by the end of January, and full o3 after that, as more robust large language models could outperform existing models and attract new investments and users. Microsoft-backed (MSFT.O) OpenAI released o1 AI models in September designed to spend more time processing queries to solve hard problems. The o1 models are capable of reasoning through complex tasks and can solve more challenging problems than previous models in science, coding and math, the AI firm had said in a blog post. OpenAI’s new o3 and o3 mini models, which are in internal safety testing currently, will be more powerful than its previously launched o1 models, the company said. The GenAI pioneer said it was opening up an application process for external researchers to test o3 models ahead of the public release, which will close on Jan. 10. OpenAI had triggered an AI arms race after it launched ChatGPT in November 2022. The growing popularity of the company and new product launches helped OpenAI in closing a $6.6 billion funding round in October. Rival Alphabet’s (GOOGL.O) Google released the second generation of its AI model Gemini earlier in December, as the search giant aims to reclaim the lead in the AI technology race.
ENO AND PURSUIT OF ACCOUNTABILITY
America's Billionaires Had a Fantastic YearCoastal Carolina wins 75-53 against Warner
At least 65 million tune in for Netflix NFL Christmas Day games. NBA holiday ratings also skyrocket
Prime Minister Keir Starmer is set to unveil his strategic plans to enhance living standards and revitalize Britain on Thursday. The Labour leader, who secured an overwhelming victory five months ago, aims to address criticisms of his administration with a comprehensive reform agenda dubbed the 'plan for change'. Focusing on issues such as hospital backlogs, police presence, and education, Starmer seeks to restore political trust following years of controversy under previous leadership. (With inputs from agencies.)
Justin Baldoni’s sister in “It Ends With Us,” Jenny Slate, is defending their co-star Blake Lively after she filed a sexual harassment complaint against him. “As Blake Lively’s castmate and friend, I voice my support as she takes action against those reported to have planned and carried out an attack on her reputation,” Slate, 42, told Today in a statement Tuesday. “Blake is a leader, loyal friend and a trusted source of emotional support for me and so many who know and love her.” Slate referred to “the attack on Blake” as “terribly dark, disturbing and wholly threatening.” She concluded, “I commend my friend, I admire her bravery and I stand by her side.” Lively, 37, claimed in her complaint that during the filming of “It Ends With Us,” there had to be an “all-hands” meeting about Baldoni’s alleged on-set behavior. During the purported meeting, the movie’s star and director was allegedly told to stop showing the actress “nude videos or images of women,” mentioning his past “porn addiction” and sexual conquests and bringing up the “cast and crew’s genitalia,” according to the complaint. Baldoni was also allegedly asked not to add more sexually charged scenes “outside the scope” of the pre-approved script. Furthermore, he was allegedly told to stop inquiring about Lively’s “weight” and “dead father.” According to the filing, her husband, Ryan Reynolds, was present for the discussion. Baldoni and Wayfarer Studios’ attorney, Bryan Freedman, told Page Six in response to the complaint, which is a precursor to a lawsuit, “It is shameful that Ms. Lively and her representatives would make such serious and categorically false accusations. “These claims are completely false, outrageous and intentionally salacious with an intent to publicly hurt and rehash a narrative in the media.” Freedman claimed his client hired a crisis manager due to the “multiple demands and threats” Lively had allegedly made during production, including “threatening to not showing up to set [and] threatening to not promote the film, ultimately leading to its demise during release, if her demands were not met.” Lively also alleged in her complaint that Baldoni was behind much of the avalanche of negative stories circulating about her shortly after he retained said fixer, accusing them of engaging in “social manipulation” to “destroy” her reputation. The filing included an alleged text message from Baldoni’s publicist to a studio rep that stated he “wants to feel like [Lively] can be buried,” to which the other person replied, “You know we can bury anyone.” Lively alleged in the complaint that the Baldoni-Wayfarer team “retained subcontractors ... who weaponized a digital army around the country from New York to Los Angeles to create, seed and promote content that appeared to be authentic on social media platforms and internet chat forums.” According to the complaint, they “would then feed pieces of this manufactured content to unwitting reporters, making content go viral in order to influence public opinion and thereby cause an organic pile-on.” However, Freedman called Lively’s filing “another desperate attempt to ‘fix’ her negative reputation, which was garnered from her own remarks and actions during the campaign for the film; interviews and press activities that were observed publicly, in real time and unedited, which allowed for the internet to generate their own views and opinions.” He also accused her of using her publicist to plant negative stories about Baldoni, claiming his clients’ reps did not retaliate in response to those reports. “There were no proactive measures taken with media or otherwise, just internal scenario planning and private correspondence to strategize, which is standard operating procedure with public relations professionals,” Freedman insisted. Lively told the New York Times , who was first to report on her complaint, “I hope that my legal action helps pull back the curtain on these sinister retaliatory tactics to harm people who speak up about misconduct and helps protect others who may be targeted.” She also denied that her team planted any negative stories about Baldoni or Wayfarer. Baldoni has since been dropped by his talent agency , and his podcast co-host abruptly quit .
US stocks surge to records, shrugging off upheaval in South Korea, France
Vikings thrive under coach of year favorite O’Connell, a relatable state for Packers with LaFleurMeet woman, who started business with Rs 10000, now owns Rs 4000 crore company, got Padma Shri for...
CHARLESTON, S.C. (AP) — Bryce Thompson scored 17 points, Marchelus Avery had 15 points and eight rebounds, and Oklahoma State beat Miami 80-74 on Friday in the consolation bracket of the Charleston Classic. Oklahoma State (4-1) will play in the fifth-place game on Sunday, while Miami (3-2) will try to avoid going winless in the tournament. Oklahoma State led 43-27 at halftime after making 8 of 15 from 3-point range, while Miami was just 8 of 27 overall. Four different Cowboys made a 3-pointer in the first half, with Brandon Newman making three. Thompson banked in a shot early in the second half to give Oklahoma State a 20-point lead at 49-29. Miami, which opened the game by missing 7 of 8 shots, went 1 for 8 from the field to begin the second half. Miami trailed by double figures the entire second half until Matthew Cleveland made a difficult shot in the lane while being fouled. He made the free throw to pull the Hurricanes within 75-67 with 49 seconds left. Arturo Dean restored a double-digit lead by making two free throws at 43.8. Thompson reached the 1,000 career points with the Cowboys on a shot in the lane with 13:01 left in the second half to give Oklahoma State a 55-38 lead. Nijel Pack scored 20 points and Brandon Johnson had 12 points and 10 rebounds for Miami. Cleveland finished with 11 points, and Lynn Kidd and Paul Djobet each had 10. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketball
NoneCade Metz NEW YORK: OpenAI revealed details Friday about its plans to adopt a new corporate structure that will remove the company from control by a nonprofit that has been the focus of contention. OpenAI’s leaders have been privately discussing a change for several months but had provided few specifics. In a company blog post published Friday, OpenAI said it planned to restructure as a public benefit corporation, or PBC, which is a for-profit corporation designed to create public and social good. OpenAI rivals like Anthropic and Elon Musk’s xAI use a similar structure. “The PBC is a structure used by many others that requires the company to balance shareholder interests, stakeholder interests, and a public benefit interest in its decision making,” the company said. “It will enable us to raise the necessary capital with conventional terms like our competitors.” A year ago, the board of the nonprofit tried to fire CEO Sam Altman. It failed, but the incident spooked OpenAI’s investors, including Microsoft. In the months since, Altman and his colleagues have been working toward a new structure. With the change in structure, Altman and his colleagues must find ways to compensate the nonprofit for its loss of control. OpenAI said the nonprofit would receive shares in the PBC but added that the value it would receive was still being negotiated by independent financial advisers. The plan “would result in one of the best resourced nonprofits in history,” the company said in its blog. OpenAI’s latest funding round valued the company at $157 billion. OpenAI set off the generative artificial intelligence boom in late 2022 with the release of its online chatbot ChatGPT, which can answer questions in a near humanlike manner. In the months that followed, startups and tech giants like Google, Meta and Amazon raced to build similar technologies. Altman founded OpenAI as a nonprofit in 2015 with several AI researchers and entrepreneurs, including Musk. The aim, Altman and his co-founders said, was to build AI for the benefit of humanity — not for corporate shareholders. But by 2018, OpenAI’s founders realized that building powerful AI technology would require far more money than they could raise through a nonprofit. Early that year, Musk left the lab. When Altman took over as CEO, he created a for-profit company able to take on investors and promise them financial return while still answering to the nonprofit board. Eventually, it raised more than $13 billion in funding from Microsoft and others. As OpenAI’s largest investor, Microsoft also negotiated a partnership that has tightly bound the two companies as they compete with other AI companies. Microsoft supplies the raw computing power needed to build OpenAI technologies and it has an exclusive license to use these technologies in its own products. But Microsoft and other investors grew unhappy with the nonprofit’s control over the startup when its board tried to remove Altman in November 2023. The board said it no longer trusted Altman to build AI for the benefit of humanity. Musk sued OpenAI this year, claiming that the company and two of its founders, Altman and Greg Brockman, breached the company’s founding contract by putting commercial interests ahead of the public good. OpenAI has denied the claim. (The New York Times has sued OpenAI and Microsoft, claiming copyright infringement of news content related to AI systems. The two companies have denied the suit’s claims.)
Leaked email sheds light on the curious death of HowStuffWorks founder Marshall Brain