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CNN —Iga Świątek brushed aside Jessica Pegula to win the WTA Finals on Monday and return to the top of the world rankings. The win means Świątek replaces Aryna Sabalenka as the world No. “Coming back to world number one, it’s a dream come true, for sure,” Swiatek told reporters after winning her first WTA Finals title. So I’m really happy.”Since her last-16 defeat at the US Open, Świątek has won 12 out of the 13 matches she’s played, picking up titles at the China Open and now Cancún. It capped off a controversial WTA Finals, with players unhappy with the organisation of the event, run by the Women’s Tennis Association (WTA).
Persons: Jessica Pegula, Sabalenka, ” Swiatek, , I’m, Świątek, she’s, “ We’ve, Matthew Stockman, , Pegula, Martina Navratilova, Steve Simon, Simon, ” Świątek Organizations: CNN, WTA, China, Getty, Women’s Tennis Association, Tennis, Amazon, Sports Locations: Cancún, Mexico
It's a terrible time to be a HENRY
  + stars: | 2023-11-07 | by ( Juliana Kaplan | Cork Gaines | ) www.businessinsider.com   time to read: +8 min
Their wage and job growth is slower than lower earners, they're piling on debt, and childcare costs are soaring. Workers with earnings in the bottom 10% of wages saw higher wage gains than those in the top 10%. AdvertisementAdvertisementWhile wage gains have stabilized a bit, the bottom half of workers are still notching greater gains than those at the top. Meanwhile, the already rich — those who make over $250,000 — only saw their childcare costs increase by about 4%. As the labor market continues to slow, and childcare costs only rise with the end of pandemic-era subsidies , it might continue to be a bad time to be a HENRY.
Persons: , there's, Aaron Terrazas, What's, Priya Malani, HENRYs, Goldman Sachs, they're, HENRY Organizations: Service, MIT, University of Massachusetts Amherst, of Economic Research, Bureau of Labor Statistics, Bank of America Institute, Walmart, Consumer Finances, Federal Reserve, Fed
If only the field were smaller, the thinking went, surely Mr. Trump would be defeated. This line of thinking became an excuse for candidates who didn’t want to take any real swings at Mr. Trump. It was the field — not Mr. Trump — that was the problem. And even as Mr. Trump’s opponents dropped out, some of their voters wound up drifting to Mr. Trump as a second choice, keeping him at the head of the pack. While there is some truth that having more candidates helps Mr. Trump win the nomination, consolidating the field alone is not likely sufficient to defeat him.
Persons: ” Michael J, Marty McFly, Donald Trump, Trump, Ted Cruz of, Marco Rubio, Trump’s Organizations: Republican Party Locations: Ted Cruz of Texas, Marco Rubio of Florida, Michigan
How Huawei plans to rival Nvidia in the AI chip business
  + stars: | 2023-11-07 | by ( Josh Ye | ) www.reuters.com   time to read: +4 min
Better known globally for its telecoms and smartphones businesses, Huawei has for the past four years been building an AI chip line. Here is what we know about its Ascend AI chip series, and its main product to rival Nvidia's A100 chip, the 910B. WHY AND HOW DID HUAWEI ENTER THE AI CHIP BUSINESS? Baidu ordered 1,600 of Huawei 910B chips for 200 servers in August, one source told Reuters. Analysts have estimated China's AI chip market to be worth $7 billion and grabbing market share from Nvidia could mark a win for Huawei against the United States.
Persons: Benoit Tessier, Nvidia, CANN, Liu Qingfeng, iFlyTek, Jiang Tao, Baidu, Meng Wanzhou, Josh Ye, Brenda Goh Organizations: Huawei Technologies, Viva Technology, Porte de, REUTERS, Nvidia, Huawei, Baidu, HK, HUAWEI, Reuters, Analysts, CHINA, Thomson Locations: Porte, Paris, France, HONG KONG, China, United States
REUTERS/Mike Blake/File Photo Acquire Licensing RightsNov 6 (Reuters) - Lyft's (LYFT.O) price cuts may have helped the ride-hailing firm make a small dent in Uber's (UBER.N) U.S. market share, but not enough to prevent the bigger rival from reporting its second quarterly operating profit. Reuters GraphicsFor Lyft, which under new boss David Risher has signaled a more aggressive pricing strategy, market share wins have been slow. Lyft's share has risen just 200 basis points to 29% since January, when the price war started, YipitData said. "If Uber wants to take more market share quicker from Lyft, it could lower prices. Reuters GraphicsBut Uber's growth has slowed.
Persons: Mike Blake, Lyft, David Risher, YipitData, Uber, Adam Ballantyne, that's, Christopher Vandergrift, Akash Sriram, Shinjini Organizations: San Diego State University, REUTERS, Reuters, Cambiar Investors, Columbia Threadneedle Investments, Thomson Locations: San Diego , California, U.S, Bengaluru
REUTERS/Mark Makela Acquire Licensing RightsNov 3 (Reuters) - Church & Dwight (CHD.N) lifted its annual net sales forecast for a third time this year on Friday, boosted by high prices as well as strong demand for its household and personal care products. Consumer goods companies have been bumping up product prices to offset spiraling raw material and labor costs as well as the impact of a stronger dollar, although investors have raised concerns that higher prices might dent demand. Last week, toothpaste maker Colgate-Palmolive (CL.N) raised its annual sales and profit forecasts again, while Kleenex tissue maker Kimberly-Clark (KMB.N) has also hiked its full-year profit expectations for a third time. "We are maintaining our full-year EPS outlook, with higher revenue and gross profits being offset by higher marketing and selling, general, and administrative (SG&A) dollars," CEO Matthew Farrell said in a statement. For the reported quarter, Church & Dwight's marketing expenses rose by 19%, with the company projecting a "significant increase" in marketing spending in the current-quarter amid strong momentum.
Persons: Mark Makela, Clark, Dwight, Matthew Farrell, Granth, Saumyadeb Organizations: REUTERS, & Dwight, Colgate, Palmolive, Thomson Locations: Dover , Delaware U.S, Kimberly, Bengaluru
"I seeded my campaign with capital because I had to," Phillips, 54, told Reuters in an interview on the sidelines of an event at Manny's, a meeting space in San Francisco. "I will be in Los Angeles and San Francisco, and I'll be going to New York and Chicago, and Miami and larger cities to raise resources and campaign," Phillips said. Phillips said he did not know exactly how much he had raised since launching his campaign. "I think Joe Biden is a good man but he's been doing this for 50 years," Phillips told a crowd of several dozen in San Francisco. (This story has been refiled to clarify that the loan is for Dean Phillips' campaign in paragraph 1)Reporting By Alexandra Ulmer; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
Persons: Dean Phillips, Reba Saldanha, Joe Biden, " Phillips, Phillips, Biden, Donald Trump, he's, Alexandra Ulmer, Leslie Adler Organizations: Democratic, U.S, statehouse, REUTERS, Thursday, Reuters, Republican, Thomson Locations: Concord , New Hampshire, U.S, San Francisco, Minnesota, Los Angeles, New York, Chicago, Miami
Societe Generale , France's third-biggest listed bank, posted better-than-expected quarterly earnings onFriday, as a resilient performance from its investment bank offset the steep downturn seen at its French retail division. SocGen's third-quarter reported group net income came in at 295 million euros ($313.2 million), above the 168 million-euro average of 13 analyst estimates compiled by the company. The bank has also finalised the merger of its two French retail networks. NII at the French retail division fell by 27% in the quarter, excluding two regulated savings accounts. In this context, the 0.4% drop in sales seen at SocGen's investment bank, compares well with some of its European peers.
Persons: Slawomir Krupa Organizations: Generale, BNP, Deutsche Bank, Barclays
We're selling 250 shares of Foot Locker (FL) at roughly $23 each. Following Friday's trade, Jim Cramer's Charitable Trust will own 750 shares of FL, decreasing its weighting to 0.62% from 0.82%. Ever since that nightmare quarter, Foot Locker shares have been grinding ever higher. To protect against the risk of yet another shortfall and giving back this rally, we're trimming our Foot Locker position and taking a loss of about 40% on stock we purchased in March. Foot Locker, athletic shoe store with shopper.
Persons: Locker, Jim Cramer's, payrolls, It's, Mary Dillion, Friday's, it's, We'll, Jim Cramer, Jim, Jeff Greenberg Organizations: Federal Reserve, CNBC, Universal, Getty
NII at the French retail division fell by 27% in the quarter, excluding two regulated savings accounts, "well below expectations," JP Morgan said in a note to clients. The French lender said it now saw NII of its French retail, private banking and insurance division falling by more than 20% in 2023. The French retail division's earnings also suffered from hedging contracts against the risks of low interest rates. SocGen's shares had edged up 0.6% by 0924 GMT. The bank has also finalised the merger of its two French retail networks.
Persons: Gonzalo Fuentes, JP Morgan, SocGen, Slawomir Krupa, Jefferies, Krupa, ALD, Mathieu Rosemain, Silvia Aloisi, Ingrid Melander, Emelia Organizations: Societe Generale, La Defense, REUTERS, European Central Bank, BNP, Deutsche Bank, Barclays, Thomson Locations: La, Paris, France
But they are also looking for further evidence that their moves are working to restrain the economy. “The same is true of growth.”But he said that economic growth, which is mainly powered by consumer spending, would most likely need to slow for inflation to fully return to a normal pace. It is now running at about 3.4 percent, still well above the Fed’s 2 percent goal. “What we do with demand is still going to be important,” he said. Surveying the economy reveals that the effects of the Fed’s rate moves are clear in some places, are mixed in others and have yet to make much of a dent elsewhere.
Persons: we’ve, Jerome H, Powell, , Organizations: Fed
The Swiss National Bank and the Swiss Finance Ministry are part of the conversations with lenders, one source said. A representative for the finance ministry said that the issue of bank runs is part of an overall evaluation of the too-big-to-fail regulatory framework in Switzerland. Regulators worldwide have since been grappling with the risk of bank runs, which in the era of digital banking have accelerated in speed. Financial regulators will need to make sure that banks retain adequate financial buffers as advances in technology increase the risk of bank runs, Bank of England executive director for markets, Andrew Hauser, said on Friday at a conference in London. They risk penalizing Swiss banks if they were to be introduced only in Switzerland, one of the sources said.
Persons: SNB, Zürcher, PostFinance, Raiffeisen, Andrew Hauser, Thomas Jordan, Stefania Spezzati, Oliver Hirt, Elisa Martinuzzi, John O'Donnell, Paritosh Bansal, Nick Zieminski Organizations: UBS, Swiss National Bank, Swiss Finance Ministry, Reuters, Swiss, Raiffeisen, Credit Suisse, Regulators, Bank of England, Thomson Locations: ZURICH, Switzerland, Swiss, Zurich, U.S, London, Bern
Purchasing managers' indexes (PMIs) for factory powerhouses China, Japan and South Korea showed activity shrinking while Vietnam and Malaysia also struggled with the broadening fallout from a Chinese slowdown. "Overall, manufacturers were not in high spirits in October," said Wang Zhe, an economist at Caixin Insight Group, on China's survey outcome. Japan's factory activity shrank for a fifth straight month in October, the final au Jibun Bank PMI showed. South Korea's factory activity fell for the 16th straight month while PMIs from Taiwan, Vietnam and Malaysia also showed continued declines in activity. The International Monetary Fund (IMF) has warned that China's weak recovery and the risk of a more protracted property crisis could further dent Asia's economic prospects.
Persons: Stringer, Wang Zhe, Leika Kihara, Sam Holmes Organizations: REUTERS, PMI, P Global, Caixin Insight, Jibun, Murata Manufacturing, Monetary Fund, IMF, Thomson Locations: Zouping, Shandong province, China, Japan, South Korea, TOKYO, Vietnam, Malaysia, PMIs, Taiwan, Asia
CNN —A New York City man accused of fatally beating a 66-year-old Sikh man following a car collision nearly two weeks ago was arraigned Tuesday on a slew of charges, including hate crimes, prosecutors said. Singh suffered a brain injury and was taken to a hospital, where he died the next day, the news release reads. Jasmer Singh, a 66-year-old Sikh man, died on October 20 after sustaining a brain jury, prosecutors say. Moloney's Lake Funeral Home & Cremation CenterThe incident was not initially investigated as a hate crime, a New York Police Department spokesperson said. During a verbal argument that followed, Augustin became angry with Singh and referred to him several times as “turban man,” prosecutors said, citing the witness.
Persons: Gilbert Augustin, Jasmer Singh, Melinda Katz, Augustin, Singh –, Singh, ” Katz, , ” Augustin, , James Concemore Neville, ” “, ” Neville, Augustin get Organizations: CNN, New York Police, Prosecutors, Augustin’s Locations: York City, Queens, Queens County, Van Wyck, Queens ’ Jamaica
People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. "U.K. economic activity appears to have slowed further, the housing market is weaker, consumer spending is falling, and inflationary pressure is showing further signs of dissipating. U.K. inflation came in at 6.7% in September , unchanged from the previous month and considerably higher than in other G7 economies. "The only way that we can rationalise this is if U.K. inflation remains stuck at 3% or higher forever, and/or the U.K. economy avoids a meaningful recession," he said. The European Central Bank last week held rates steady at their current record high of 4%, ending a run of 10 straight hikes.
Persons: Mike Riddell, BoE, Swati Dhingra, Riddell, Abbas Khan, Haskel, Mann, Dhingra, Catherine Mann, Allianz's Riddell Organizations: Bank of England, Allianz Global Investors, P, MPC, Bank, Monetary, LONDON, Barclays, U.S . Federal, Treasury, European Central Bank Locations: City, London, Britain, Israel
Nov 1 (Reuters) - IQVIA Holdings (IQV.N) cut its full-year profit forecast on Wednesday, citing weakness in demand for its analytics and medical technology solutions along with the impact of a stronger U.S. dollar. Thermo Fisher signaled that the demand slump from biotech clients for its contract research services could extend into the next year due to rising interest rates and a persistent funding crunch. On an adjusted basis, IQVIA reported a profit of $2.49 per share for the third quarter, topping estimates of $2.44 per share. The company now expects full-year adjusted profit to be between $10.16 and $10.23 per share, compared with its prior per-share forecast of $10.26 to $10.56. IQVIA now expects 2023 revenue between $14.89 billion and $14.92 billion, compared with its previous forecast of $15.05 billion to $15.18 billion.
Persons: IQVIA, Fisher, Christy Santhosh, Shweta Agarwal Organizations: IQVIA Holdings, Danaher Corp, Thomson Locations: Durham , North Carolina, Bengaluru
CNN —He may have developed into one of the best players in the world, but Carlos Alcaraz is not immune to an off day. The reigning Wimbledon champion suffered a surprise defeat to Russia’s Roman Safiullin in the Paris Masters on Tuesday, the first time the 20-year-old has lost an opening round match at a tournament this year. There’s only one tournament left, but these losses hurt a lot.”Roman Safiullin produced a brilliant performance to peg back the world No. “For Carlos, it was not his best performance, but still I’m happy that I can win,” Safiullin said after the match. The Serb is set to start his Paris Masters campaign against Argentina’s Tomás Etcheverry on Wednesday as he looks to win his seventh title at the event.
Persons: Carlos Alcaraz, Alcaraz, , ” Alcaraz, Safiullin, Stephanie Lecocq, Reuters Safiullin, Carlos, ” Safiullin, he’s, I’m, Grigor Dimitrov, Novak Djokovic, Argentina’s Tomás Etcheverry Organizations: CNN, Wimbledon, Paris, Reuters, Shanghai Masters, Paris Masters Locations: Switzerland
Audience support led to multiple rereleases, elevating the film from a cult classic to a must-watch movie during both Halloween and Christmas. But after the “Beetlejuice” filmmaker departed the studio and proved his success in helming his first “Batman” film, Disney returned to the project. Moviestore/Shutterstock“They never felt (“Nightmare”) was a Disney film,” Selick told IGN. Disneyland's Haunted Mansion attraction is dressed up from Halloween to Christmas with characters from "The Nightmare Before Christmas." “Nightmare” characters now make regular appearances at the Disney parks during Halloween and Christmas, greeting young visitors and appearing on seasonal merchandise.
Persons: CNN —, Jack Skellington, Aladdin, , Roger Rabbit ”, It’s, Ariel, Mickey Mouse, Sally, Henry Selick, Tim Burton, Mickey, ” Selick, A.frame, Disney, Burton, Selick, Boogie, Sandy, Disney execs, Mr, , Jack, Roger Ebert, Patrick Fallon, Coco ”, Alice, Wonderland, “ Paranorman ”, he’s Organizations: CNN, Disney, ” Disney, Touchstone Pictures, Academy of Motion Picture Arts, Sciences, Halloween, IGN, Hollywood, Disneyland, Bloomberg, Getty, Walt Disney Pictures, Pixar Locations: California, yearn
Elon Musk gave more information on the long-awaited Cybertruck release in a new Joe Rogan interview. The billionaire said there will be a "beast mode version" and a version with bulletproof glass. AdvertisementAdvertisementElon Musk spilled more details on Tesla's upcoming Cybertruck during an interview with Joe Rogan on Tuesday. Musk also said the company will offer a "beast mode version" of the Cybertruck. AdvertisementAdvertisementWhile the Cybertruck wouldn't be the first car to have bulletproof glass windows, it's an unusual feature for a civilian vehicle.
Persons: Elon Musk, Joe Rogan, Tesla, , Musk, Rogan, Barack Obama Organizations: Service, Ford, Presidential
It's one, he argues, where finally finding agreement on a long-sought two-state solution to the Israel-Palestinian conflict should be a priority. The White House says Biden conveyed the same message directly to Netanyahu during a telephone call this past week. “It also means that when this crisis is over, there has to be a vision of what comes next, and in our view it has to be a two-state solution,” Biden said. In an updated version of the Foreign Affairs essay posted online, Sullivan wrote that the administration was “committed to a two-state solution." One presidential hopeful, biotech entrepreneur Vivek Ramaswamy, said Israel should feel free to abandon “the myth of a two-state solution."
Persons: ” Biden, Biden, Netanyahu, , It's, Jake Sullivan, Sullivan, , Israel’s, Aaron David Miller, , “ It’s, Biden's, Vivek Ramaswamy, Dennis Ross, George H, Bush, Bill Clinton, Ross, it’s, John Kirby, Israel, Rami Nashashibi, ” Nashashibi, Republican Donald Trump, Democrat Hillary Clinton, he’s, Bernie, Michelle L, Price Organizations: Middle, West Bank, Authority, Democratic, Republican, Republican Jewish Coalition, White House, Hamas, Israel, White, National Security, Gaza, Ministry, Inner, Muslim Action Network, Democratic Party, Arab, Michigan Democratic Party, Michigan, Democrat, Associated Locations: Israel, American, Gaza, Las Vegas, Biden's Israel, United States, Palestinian, U.S, Chicago, Eastern, Michigan
Sandra, a Gen Xer, recently moved from the Los Angeles area to the beaches of North Carolina. While the weather isn't as ideal, North Carolina has been a pleasant surprise. AdvertisementAdvertisementSandra decided that instead of retirement by the beaches of Los Angeles, she'd instead enjoy life by the North Carolina shore. Even though she said insurance is a bit higher in North Carolina given the prevalence of hurricanes, her taxes have been cut by around half. AdvertisementAdvertisementThe more diverse politics of her area — since North Carolina is a purple state — was also a plus over deep red South Carolina, she said.
Persons: Sandra, , she'd, she's, doesn't Organizations: Service, Navy, Hilton, Ventura, AAA, Survey Locations: Los Angeles, North Carolina, East Coast, California, Massachusetts, East, Raleigh, Charlotte, Charleston, South Carolina, Carolina
When I earned my master's degree, I struggled to pay my student loans. Seven egg donations later, I'm still struggling to pay off my student loans. Thanks to my parents, I was free of undergraduate student loans, so I thought taking on student loans for my master's degree wouldn't be the worst decision. Now, a decade later, I'm still weighed down by my student loans and no longer work in my field of study. Despite the money I've received after each donation — rising to a total of about $50,000 — I still haven't been able to pay my student loans off.
Persons: I'm, , I've, ultrasounds, haven't Organizations: Service, London School of Economics, Science Locations:
I got run over by a train – twice
  + stars: | 2023-10-28 | by ( Grace Dean | ) www.businessinsider.com   time to read: +5 min
Sarah de Lagarde had to have an arm and a leg amputated after two London Underground trains hit her. Her daughter now takes public transport and de Lagarde says she's "sick to my stomach" every time. The train departed and crushed my right arm. AdvertisementAdvertisementA second train came into the station and crushed my right leg below the knee. Beyond that, how can I give money to Transport for London when they have taken no responsibility and offered no financial compensation?
Persons: Sarah de Lagarde, She'd, Lagarde, , Sarah de Lagarde's, Tori Ferenc, It's, it's, Nick Dent, Sarah De Lagarde, Sarah Hope, Dent, Elizabeth Organizations: London, Service, Transport, TfL, High Barnet Locations: Madeira, London, High
Coke's overall volume rose 2% in the third quarter, while Pepsi reported flat beverage volume and a 1.5% decline in its food volume. Coke reported flat volume, while Pepsi's North American beverage unit saw volume fall 6%. "Coke has been taking share from Pepsi for many, many quarters," RBC Capital Markets analyst Nik Modi said. McDonald's has served Coke products since Ray Kroc opened his first franchised location, and is the beverage company's largest restaurant customer. International success can offset more sluggish domestic demand, like the 6% volume decline for Pepsi's North American beverage.
Persons: Luke Sharrett, Coke, James Quincey, Edward Jones, Brittany Quatrochi, Nik Modi, snacking, Modi, Quincey, McDonald's, Ray Kroc, Taco, Quatrochi Organizations: Pepsi Co, Bloomberg, Getty, Cola, PepsiCo, Coke, Atlanta -, Pepsi, Pepsi's, Gatorade, RBC Capital, Frito, U.S, Taco Bell, Yum Brands Locations: Jasper , Indiana, Atlanta, North America, United States, Europe, North, U.S, Argentina, Turkey
Even so, Democrats are wary of any challenge to Biden that could dent the party's chances against likely Republican nominee Donald Trump. He's a friend, someone I deeply respect and admire, but I have a deep disagreement with him on this," Minnesota Democratic Party Chairman Ken Martin said. Top New Hampshire Democrats expect a write-in campaign to kick off on behalf of Biden. Opinion polls show Democrats and Democratic-leaning independents want someone other than Biden, 80, to be the party's nominee, citing concerns about his age. Phillips in August said while he was tired of Trump's fearmongering, he thought Biden should step aside.
Persons: Dean Phillips, Ken Cedeno, Joe Biden, We've, Phillips, Biden, Donald Trump, “ I've, He's, Ken Martin, Martin, Trump's fearmongering, NBC’s “, Jarrett Renshaw, Heather Timmons, Jonathan Oatis, Susan Heavey, Diane Craft Organizations: Washington , D.C, REUTERS, U.S, Dean Phillips of Minnesota, Democratic, New Hampshire's Statehouse, Biden, Republican, Minnesota Democratic, MAGA Republicans, New Hampshire Democratic Party, New, Democratic Party, New Hampshire Democrats, Press, , Thomson Locations: Washington ,, America, New Hampshire's, Concord, Nevada, Hampshire, South Carolina, United States, New Hampshire
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