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ATP to trial minimum wage initiative from 2024
  + stars: | 2023-08-23 | by ( ) www.reuters.com   time to read: +2 min
Aug 23 (Reuters) - The ATP will guarantee its players a minimum wage for the first time as part of a three-year trial to be launched in 2024, the governing body of men's tennis said. The "Baseline" programme will guarantee minimum income for the top 250-ranked singles players each season, with the ATP covering any shortfall should their earnings fall below the threshold. The ATP said it expected to provide financial support to between 30-45 players who meet the criteria. The ATP said it will also commit to supporting players who compete in fewer than nine ATP Tour and Challenger Tour events in a season due to injury. The thresholds for the injury protection initiative are set at $200,000 (top 100), $100,000 (101-175) and $50,000 (176-250) for 2024, it added.
Persons: Roger Federer, Rafa Nadal, Novak Djokovic, Andrea Gaudenzi, Gaudenzi, Shrivathsa Sridhar, Peter Rutherford Organizations: ATP, 101st, Thomson Locations: Bengaluru
Nearly eight miles north of Times Square, the United Palace in Washington Heights is a dazzling remnant of a golden age of cinema. On Sunday, it will provide the backdrop for Broadway’s biggest night. This former Loew’s “Wonder Theater,” at Broadway between 175th and 176th Streets, is beguiling, if mysterious. Its landmark exterior — where pigeons make themselves at home among terra-cotta ziggurats and pilasters — is said to have been influenced by Egyptian, Aztec or Mayan design, or perhaps the architecture of the 16th- to 18th-century Mughal Empire.
Persons: Organizations: Times, Broadway, 176th Locations: Washington Heights
In these tough times, investors would be well advised to find stocks that are positioned to navigate a potential economic downturn. To help with the process, here are five stocks chosen by Wall Street's top professionals, according to TipRanks, a platform that ranks analysts based on their past performance. However, the company issued conservative guidance for fiscal 2023 due to the impact of high inflation on its low-to-moderate income customers. Further, he thinks that Kontoor's fiscal 2023 outlook "will likely prove conservative." Poser raised his fiscal 2023 and 2024 earnings per share estimates, reiterated his buy rating for Kontoor Brands and increased the price target to $60 from $53.
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