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An early bet on artificial intelligence thanks to a simple investment framework is helping the T. Rowe Price's Global Technology Fund (PRGTX) outperform the market for a second straight year. "Our framework led us to be early to this AI trend, [and] led us to be early to the chip intensity of this AI trend." That's due in part to its winning bets in AI names and semiconductor stocks – many of which have outperformed the S & P 500 and Nasdaq Composite . Early bets on AI Key to the $4.5 billion fund's recent success has been early positions in AI stocks and chipmaking darling Nvidia . The AI leader — added to the fund at the end of 2021 — today accounts for nearly 18% of the portfolio.
Persons: Rowe, Dominic Rizzo, Rizzo, Rowe Price lifer, , Rizzo's, Siri, Morningstar Organizations: Global Technology Fund, Nasdaq, Nvidia, Taiwan Semiconductor Manufacturing, Devices, ASML, Apple, Microsoft, University of Chicago Booth School, Business, Worldwide Developers, Apple Intelligence, SAP
Mike Rizzo spent his first five years with the Washington Nationals painstakingly assembling a roster designed to make the club competitive enough to win a World Series. Washington signed Rizzo to a multiyear extension on Wednesday that will give the 62-year-old a chance to see if history can repeat itself. Jackson Rutledge, a first-round pick by Washington in 2018, will make his major league debut on the mound Wednesday. “Nobody aims to win 70 games in a season, they want to win 90 games in a season. “They’re looking forward to coming out the other end and start being a contender in this league,” Rizzo said.
Persons: Mike Rizzo, Washington, Rizzo, , Max Scherzer, Trea Turner, Juan Soto, C.J . Abrams, Soto, MacKenzie Gore, Jake Irvin, Jackson Rutledge, , ” Rizzo, That's, Davey Martinez, Davey, Stephen Strasburg, Scherzer, Lerner, Patrick Corbin, Organizations: Washington Nationals, Nationals, D.C, , Houston, NL East, Pittsburgh, Washington, Atlanta, Strasburg Locations: Washington, , San Diego, Philadelphia, Strasburg
MLB roundup: Rays win shootout, take series from Dodgers
  + stars: | 2023-05-29 | by ( ) www.reuters.com   time to read: +12 min
Rays starter Josh Fleming allowed 10 runs (eight earned) on 12 hits, including five home runs, in six innings. Dylan Covey (0-1) retired only two batters in his first start since 2019 and was tagged for seven runs (five earned) on six hits. Darvish (3-4) allowed a season-high seven runs and seven hits in 2 2/3 innings. Gerrit Cole (6-0) allowed a homer to Jake Cronenworth two batters into the game and a two-run homer to Rougned Odor in the seventh. Alex Cobb (4-2) gave up a season-high seven runs on seven hits in four innings.
MLB roundup: Rafael Devers homers twice as Red Sox top Padres
  + stars: | 2023-05-20 | by ( ) www.reuters.com   time to read: +12 min
Rizzo hit a two-run homer on a 2-2 pitch to right off Ian Gibaut for a 3-0 lead in the sixth. Christopher Morel hit a two-run homer and scored three times and Nick Madrigal had two hits, two RBIs and scored twice for the Cubs, who ended a five-game losing streak. Phillies starter Ranger Suarez (0-1) allowed four runs and five hits in two innings, striking out four and walking three. Adam Frazier added a two-run homer and Anthony Santander had a solo shot for the Orioles to open a three-game series. Gabriel Arias delivered a two-run homer in the top of the 10th before the Mets scored three times in the bottom of the inning.
MLB roundup: Padres go back-to-back in 9th, edge D-backs
  + stars: | 2023-04-04 | by ( ) www.reuters.com   time to read: +11 min
The A's were down 10-8 when Seth Brown followed a walk to Aledmys Diaz with a two-run homer off Guardians closer Emmanuel Clase in the last of the ninth. Angels 7, Mariners 3Shohei Ohtani and Taylor Ward hit two-run homers as Los Angeles defeated host Seattle. Yankees 8, Phillies 1Anthony Rizzo ignited a five-run fifth inning with a two-run homer, and host New York cruised to victory over Philadelphia. His counterpart, Jose Berrios (0-1), allowed eight runs, nine hits and two walks while striking out seven in 5 2/3 innings. Ozzie Albies hit a two-run homer and Austin Riley had a solo shot for the Braves, who have won three of four games to start the season.
Rizzo sparked what has become a nationwide labor movement when she worked to unionize two Starbucks stores in Buffalo, New York. Alexis Rizzo, the Buffalo-based Starbucks worker who began the Starbucks Workers United campaign, was fired after seven years with the company, Starbucks Workers United tweeted Saturday. In an interview with CNBC, Rizzo said she was fired after her shift Friday, and that managers cited four times she was late for work. —Starbucks Workers United (@SBWorkersUnited) April 1, 2023Rizzo's firing follows former Starbucks CEO Howard Schultz's recent appearance before Congress, where he was questioned by senators over alleged widespread union busting. Starbucks Workers United posted a GoFundMe page for Rizzo Friday, pulling in nearly $7,000 for Rizzo in a day.
Starbucks fired Alexis Rizzo, the employee responsible for igniting the Starbucks Workers United union campaign, just days after the company's former CEO Howard Schultz testified on Capitol Hill about the coffee chain's alleged union-busting, CNBC confirmed. Starbucks Workers United announced Rizzo's termination in a tweet Saturday and said in a corresponding GoFundMe page that "this is retaliation at its worst." It was like my family," Rizzo told CNBC in an interview. Schultz faced a volley of tough questions from Sen. Bernie Sanders Wednesday about Starbucks' labor and union practices. Nearly 300 Starbucks cafes have voted to unionize under Starbucks Workers United, according to data from the National Labor Relations Board.
Spring training roundup: Astros pound Cardinals 24-1
  + stars: | 2023-03-27 | by ( ) www.reuters.com   time to read: +8 min
Astros starter Jose Urquidy scattered four hits over four innings, allowing the lone run on a multiple-error play in the second that scored Oscar Mercado. Cardinals starter Jack Flaherty yielded six earned runs on four hits and three walks over 3 2/3 innings. Wil Myers hit an RBI double and Michael Siani added an RBI single for the Reds. Elehuris Montero hit his fifth homer of the spring, a two-run shot, and Brenton Doyle went 2-for-3 with an RBI triple for the Rockies. Padres starter Michael Wacha went five innings and yielded eight hits, two walks and four runs.
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