DIRS.INFO The most relevant business & tech news

☆ U.S. pending home sales fall more than expected in August
▼ + stars: | 2023-09-28 | by ( Amina Niasse | ) www.reuters.com time to read: +1 min

The National Association of Realtors' Pending Home Sales Index fell 7.1% to 71.8 from July's revised 77.3. The decrease, the largest since September 2022, exceeded the median economist forecast for a 0.8% fall, according to a Reuters poll. On a year-over-year basis, pending sales were down 18.7%. "It's clear that increased housing inventory and better interest rates are essential to revive the housing market." Pending sales of existing homes slid by the most in the South and West regions.

Persons: Lucy Nicholson, Lawrence Yun, Amina Niasse, Andrea Ricci Organizations: REUTERS, National Association of Realtors, Mortgage, Association, Federal, Thomson Locations: Los Angeles , California, U.S, South, West

☆ US durable goods orders beat expectations; core capital goods rebound
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +3 min

Durable goods are seen on sale in a store in Los Angeles, California, U.S., March 24, 2017. Part of the surprise increase in durable goods orders reported by the Commerce Department on Wednesday, however, likely reflected higher prices as inflation picked up last month. Economists polled by Reuters had forecast durable goods orders falling 0.5% last month. These so-called core capital goods orders were previously reported to have edged up 0.1% in July. Core capital goods shipments rebounded 0.7% after falling 0.3% in July.

Persons: Lucy Nicholson, Priscilla Thiagamoorthy, Lucia Mutikani, Andrea Ricci Organizations: REUTERS, Commerce Department, BMO Capital Markets, Reuters, Machinery, Institute, Supply, PMI, United Auto Workers, General Motors Co, Ford, Thomson Locations: Los Angeles , California, U.S, WASHINGTON, Toronto, muddle

☆ California enacts first state tax on guns, ammunition in US
▼ + stars: | 2023-09-27 | by ( Steve Gorman | ) www.reuters.com time to read: +3 min

[1/4] A sign forbidding customers to bring guns inside is seen at the entry of a Whole Foods supermarket in Los Angeles, California, U.S., June 13, 2022. The California excise tax, due to go into effect in July 2024, will essentially add an 11% levy on top of the existing federal excise gun and ammo tax, a rate of 10 or 11%, depending on the type of weapon. Newsom's office said his action on gun safety also came in "the wake of shootings across the country that have left at least 104 people dead over the past 74 hours." "While radical judges continue to strip away our ability to keep people safe, California will keep fighting - because gun safety laws work," Newsom, a Democrat, said in a statement. The California excise tax would be collected on the gross receipts of manufacturers, retailers and dealers derived from gun and bullet sales in the state.

Persons: Lucy Nicholson, Gavin Newsom, Newsom, Steve Gorman, Michael Perry Organizations: Foods, REUTERS, Democratic, California, Association, Thomson Locations: Los Angeles , California, U.S, California, Los Angeles

☆ Cash-strapped Faraday Future's shares sink 20% on share sale plan
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

Faraday Future's luxury electric car FF91 is seen at the company's headquarters in Gardena, California, U.S. November 21, 2019. REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsSept 27 (Reuters) - Shares of Faraday Future Intelligent Electric (FFIE.O) slumped in premarket trading on Wednesday, after the cash-strapped electric-vehicle company announced plans to raise up to $90 million through a stock offering. Shares of the company, that has a market value of $45.75 million, dropped 20% to $1.94 in trading after closing at a record low of $2.46 on Tuesday. Its shares have dropped over 85% so far in 2023. Reporting by Medha Singh in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Faraday, Lucy Nicholson, Matthias Aydt, Medha Singh, Krishna Chandra Organizations: REUTERS, FF, Thomson Locations: Gardena , California, U.S, Los Angeles, Bengaluru

☆ Faraday Future alleges "coordinated effort" to undermine valuation
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +1 min

The interior of Faraday Future's luxury electric car FF91 is seen at the company's headquarters in Gardena, California, U.S. November 21, 2019. REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsCompanies Faraday Future Intelligent Electric Inc FollowSept 7 (Reuters) - Faraday Future Intelligent Electric (FFIE.O) on Thursday said it has recently observed a series of "suspicious activities" which the electric-vehicle startup believes suggested a "coordinated effort" to undermine its valuation. Faraday did not immediately respond to a Reuters' query seeking details on the claim. It also faced delivery delays with its FF 91 2.0 Futurist Alliance vehicle, the first of which it delivered in August. Reporting by Mrinmay Dey in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Persons: Faraday, Lucy Nicholson, Mrinmay Dey, Dhanya Ann Thoppil Organizations: REUTERS, Reuters, EV, FF, Futurist Alliance, Thomson Locations: Gardena , California, U.S, Los Angeles, Bengaluru

☆ 'That 70's Show' actor Masterson sentenced to 30 years to life in prison for raping two women
▼ + stars: | 2023-09-07 | by ( Rollo Ross | ) www.reuters.com time to read: +1 min

Actor Danny Masterson is arraigned on three rape charges in separate incidents between 2001 and 2003, at Los Angeles Superior Court, Los Angeles, California, U.S., September 18, 2020. REUTERS/Lucy Nicholson Acquire Licensing RightsLOS ANGELES, Sept 7 (Reuters) - "That '70s Show" actor Danny Masterson was sentenced on Thursday to 30 years to life in prison for raping two women about 20 years ago in a case that stirred controversy around the Church of Scientology. Judge Charlaine Olmedo announced the sentence in Los Angeles Superior Court. The Church of Scientology denied that claim and said Masterson's religion should not have been an issue in the case. The women said Masterson drugged and raped them in separate incidents between 2001 and 2003 at his house in the Hollywood Hills.

Persons: Danny Masterson, Lucy Nicholson, Judge Charlaine Olmedo, Masterson, “, ”, Jane Doe, Lisa Richwine, Jonathan Oatis, Cynthia Osterman Organizations: Los Angeles Superior Court, REUTERS, of Scientology, Scientology, Hollywood, Netflix, Thomson Locations: Los Angeles , California, U.S, Los Angeles

☆ Recommendation on new sports for Los Angeles 2028 delayed -IOC
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

An LA2028 sign is seen at the Los Angeles Coliseum to celebrate Los Angeles being awarded the 2028 Olympic Games, in Los Angeles, California, U.S., September 13, 2017. REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsBERLIN, Sept 6 (Reuters) - A final recommendation on the new sports to be included in the Los Angeles 2028 Olympics will not be made this week as originally planned, the International Olympics Committee said on Wednesday. The IOC was initially due to discuss it at Friday's executive board meeting. "Due to ongoing discussions between the IOC and the (LA2028) Organising Committee, the Olympic Programme Commission has not yet had the opportunity to hold its meeting to prepare its final recommendation for the IOC Executive Board," the IOC said in a statement. "As a consequence, the sports programme for the Olympic Games LA28 will be discussed during a later IOC Executive Board meeting, to take place at a date to be decided."

Persons: Lucy Nicholson, Karolos Grohmann, Ed Osmond Organizations: Los Angeles Coliseum, REUTERS, Rights, International Olympics, IOC, Olympic, Games, Tokyo Games, Thomson Locations: Los Angeles, Los Angeles , California, U.S, Los, Tokyo, Asia

☆ U.S. crude futures climb over $2 late in session
▼ + stars: | 2023-08-31 | by ( Erwin Seba | ) www.reuters.com time to read: +4 min

U.S. West Texas Intermediate crude futures for October settled at $83.63 a barrel, up $2, or 2.45%. Brent crude futures for October, expiring on Thursday, finished up $1, 1.16%, at $86.86 a barrel. "The crude market is reacting to OPEC production cuts being extended," said Andrew Lipow, president of Lipow Oil Associates. On Thursday, six-month U.S. crude oil futures traded as low as $3.83 below crude for front month delivery , the steepest discount since Nov. 17, signalling tight supplies and encouraging inventory draws. Analysts expect Saudi Arabia to extend a voluntary oil production cut of 1 million bpd into October, adding to cuts put in place by OPEC+.

Persons: Lucy Nicholson, Andrew Lipow, Brent, Ole Hansen, Eric Rosengren, Ahmad Ghaddar, Jeslyn Lerh, David Goodman, Nick Macfie, Paul Simao, Cynthia Osterman Organizations: REUTERS, bbl, Fed, Organization Petroleum Exporting, . West Texas, Brent, Lipow Oil Associates, U.S . Energy, Administration, OPEC, Saxo Bank, Commerce Department, Reserve, Boston Fed, National Bureau of Statistics, Thomson Locations: Bakersfield , California, Saudi Arabia, China, HOUSTON, U.S, Singapore

☆ Oil prices up on tighter supply, China PMI in focus
▼ + stars: | 2023-08-31 | by ( Katya Golubkova | ) www.reuters.com time to read: +2 min

REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsTOKYO, Aug 31 (Reuters) - Global oil prices were up in early trade on Thursday backed by tighter U.S. supply, with a focus on China factory activity due later in the day amid recent weak economic expansion data in the world's second-biggest economy. U.S. West Texas Intermediate crude futures gained 10 cents, or 0.13%, to $81.74. Prices are on the rise this week, with U.S. government data showing tighter-than-expected crude supplies and a military coup in Gabon, an OPEC member, raising fears of crude oil supply disruptions providing additional support on Wednesday. "Bad news was good, as weaker U.S. economic data lowered expectations of another rate hike," ANZ Research said in a note. Higher interest rate reduce demand and pressure oil prices down.

Persons: Lucy Nicholson, Katya Golubkova, Stephen Coates Organizations: REUTERS, Rights, Brent, . West Texas, U.S, Analysts, OPEC, Organization of, Petroleum, Federal, Boston Fed, ANZ Research, Thomson Locations: Bakersfield , California, China, Gabon, Saudi Arabia, Russia, The U.S

Analysts polled by Reuters prior to the data had estimated on average a draw of 3.3 million barrels. The offshore Gulf of Mexico accounts for about 15% of U.S. oil output and about 5% of natural gas production, according to the Energy Information Administration (EIA). Oil major Chevron Corp CVX.N evacuated some staff from the region, but production was continuing at the sites its operates in the Gulf of Mexico. Oil supply is expected to remain tight as analysts expect Saudi Arabia, the world's biggest oil exporter, will extend its voluntary output cut into October. However, worries about fuel demand and the mixed economic situation in China, the world's biggest oil importer, kept a lid on prices.

Persons: Lucy Nicholson, Toshitaka Tazawa, Yuka Obayashi, Trixie Yap, Christian Schmollinger, Kim Coghill Organizations: REUTERS, Brent, . West Texas, U.S, American Petroleum Institute, Reuters, Fujitomi Securities Co, Hurricane, Energy Information Administration, . Oil, Chevron Corp CVX.N, Capital, Thomson Locations: Bakersfield , California, SINGAPORE, U.S, Gulf, Mexico, Gulf of Mexico, Saudi Arabia, Asia, Gabon, China, Tokyo, Singapore

☆ Lakers announce plans to honor Kobe Bryant with bronze statue
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

Former NBA star Kobe Bryant, CEO of Kobe Inc, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 3, 2016. Acquire Licensing RightsAug 24 (Reuters) - A bronze statue honoring late Los Angeles Lakers great Kobe Bryant will be unveiled outside the team's arena in February, the NBA club announced on Thursday with his widow Vanessa. "As you know, Kobe played his entire 20-year NBA career as a Los Angeles Laker," Vanessa said in a video on the team's social media accounts. The Lakers said Bryant participated in the initial planning of the anticipated statue that will be the first in a series of physical tributes to honor his legacy. "Kobe Bryant was one of the most extraordinary athletes of all time, and one of the most iconic individuals in the history of Los Angeles," said Lakers owner Jeanie Buss.

Persons: Kobe Bryant, Lucy Nicholson, Vanessa, Gianna, Kobe, Bryant, Shaquille O'Neal, Kareem Abdul, Jabbar, Earvin, Johnson, Jerry West, Chick Hearn, Jeanie Buss, Frank Pingue, Ken Ferris Organizations: NBA, Kobe Inc, Milken Institute Global Conference, REUTERS, Los Angeles Lakers, Kobe, Lakers, Denver Nuggets, Los Angeles Laker, City of, Laker, Elgin Baylor, of Fame, Thomson Locations: Beverly Hills , California, U.S, City, City of Angels, Los Angeles, Kobe, Toronto

REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsBEIJING, Aug 23 (Reuters) - Oil prices ticked up in Asian trade on Wednesday, as markets weighed weak demand indicators from top importer China and the prospect of further U.S. rate hikes against potential supply tightness. "Concerns over higher interest rates and sluggish demand in China are expected to outweigh tightening supply from OPEC+ in the short term." China, the world's second-largest economy, is considered crucial to shoring up oil demand over the rest of the year. That was a slightly smaller draw than a drop of 2.9 million barrels analysts expected in a Reuters poll. "Following the massive draw of 6.2 million barrels a week earlier, overall supplies conditions still lean on the tighter end," said Jun Rong Yeap, a market strategist at IG in Singapore.

Persons: Lucy Nicholson, Brent, Jackson, Hiroyuki Kikukawa, Rong Yeap, Yuka Obayashi, Andrew Hayley, Sonali Paul, Clarence Fernandez Organizations: REUTERS, Rights, China, West Texas, Federal Reserve, European Central Bank, Bank of England, Bank of Japan, U.S . Federal, NS, Nissan Securities, Organization of, Petroleum, American Petroleum Institute, IG, Energy Information Administration, Thomson Locations: Bakersfield , California, Rights BEIJING, Jackson Hole , Wyoming, China, Saudi Arabia, Russia, OPEC, United States, Singapore, U.S, Tokyo, Beijing

Brent crude was down 36 cents at $84.10 a barrel by 11:45 a.m. EDT (1545 GMT). China, the world's second-largest economy, is considered crucial to shoring up oil demand over the rest of the year. Amplifying demand concerns, U.S. central bank officials have not ruled out further interest rate hikes to contain inflation. A preliminary Reuters poll showed that crude oil and gasoline inventories were expected to have fallen last week, with data from American Petroleum Institute due later on Tuesday. Separately on Monday, Shell (SHEL.L) said it was investigating a possible leak on the 180,000 bpd Trans Niger oil pipeline, though no force majeure has been declared.

Persons: Lucy Nicholson, Brent, Jim Ritterbusch, majeure, Natalie Grover, Paul Carsten, Muyu Xu, Katya Golubkova, Tomasz Janowski, David Evans, David Goodman, David Gregorio Our Organizations: REUTERS, Companies Shell, West Texas Intermediate, Saudi, Ritterbusch, Associates, American Petroleum Institute, of Commerce, Shell, Thomson Locations: Bakersfield , California, China, Russian, Galena , Illinois, U.S, Iraqi, Turkey, Iraq, Saudi, Niger, London, Singapore, Tokyo

☆ Oil dips on possible easing of tight supply, China woes hurt demand outlook
▼ + stars: | 2023-08-22 | by ( Muyu Xu | ) www.reuters.com time to read: +3 min

"Crude oil struggled to keep its head above water on signs of supply tightness easing," said Brian Martin and Daniel Hynes, analysts from ANZ Bank in a note to clients. Iraq's oil minister Hayan Abdel-Ghani arrived in the Turkish capital Ankara to discuss several issues including the resumption of oil exports through the Ceyhan oil terminal, a source in the minister's office told Reuters on Monday. Meanwhile, gloom over the economic outlook in China, the world's second biggest oil consumer, continued to pressure oil prices and heighten worries about fuel demand. Putting a floor to oil prices, U.S. crude oil and gasoline inventories were expected to have fallen last week, a preliminary Reuters poll showed, as the American Petroleum Institute industry group is due to release data later on Tuesday. U.S. economic data over recent weeks has bolstered expectations for the Fed to keep rates higher for longer, putting a dampener on the demand outlook for oil and a broad range of consumer goods.

Persons: Lucy Nicholson, Brent, Brian Martin, Daniel Hynes, Hayan Abdel, Ghani, Muyu Xu, Katya Golubkova, Shri Navaratnam Organizations: REUTERS, Rights, . West Texas, ANZ Bank, Reuters, International Chamber of Commerce, of, Petroleum, Eurasia Group, American Petroleum Institute, Energy Information Administration, U.S . Department of Energy, PMI, Federal, Jackson, Fed, Thomson Locations: Bakersfield , California, OPEC, Turkish, Ankara, Turkey, Iraq, China, Beijing, Eurasia, Singapore, Tokyo

A customer browses Apple watches at the new Apple Store on Broadway in downtown Los Angeles, California, U.S., June 24, 2021. REUTERS/Lucy Nicholson/file photo Acquire Licensing RightsCompanies Apple Inc FollowNEW YORK, Aug 21 (Reuters) - Apple (AAPL.O) on Monday won the dismissal of a lawsuit claiming that the blood oxygen sensor on its Apple Watch exhibits "racial bias" against people with darker skin tones. U.S. District Judge Jed Rakoff in Manhattan dismissed the proposed class action with prejudice, meaning it cannot be brought again. Doctors have long known that pulse oximeters, which help assess potential heart and respiratory problems, are less accurate in estimating blood oxygen of non-white patients. The case is Morales v Apple Inc, U.S. District Court, Southern District of New York, No.

Persons: Apple, Lucy Nicholson, Jed Rakoff, Alex Morales, Morales, Jonathan Stempel, Andy Sullivan Organizations: Apple, REUTERS, Monday, Apple Watch, Apple Inc, Court, Southern District of, Thomson Locations: Los Angeles , California, U.S, Manhattan, Manhattan's, Southern District, Southern District of New York, New York

REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsSummary China draws on record inventories amid high prices -dataBuoyant heating oil lifts crude prices -analystChinese economy and US rate risk continues to weighLONDON, Aug 21 (Reuters) - Oil prices edged higher on Monday as tighter supply reflected in fewer exports from Saudi Arabia and Russia and high heating oil prices outweighed concern over global demand growth. Brent crude was up 52 cents to $85.32 a barrel at 1348 GMT and U.S. West Texas Intermediate crude was up 65 cents at $81.90. A weaker dollar makes oil purchases less expensive for holders of other currencies, potentially boosting demand. Another bullish factor is the high price of heating oil, which is in focus as the northern hemisphere approaches darker months, said John Evans of oil broker PVM. However, what is like trying to hit a "flying insect with a bazooka" is determining whether the buoyant heating oil market is enough to rally the oil complex or just hold it in the face of broader macroeconomic concerns, he said.

Persons: Lucy Nicholson, Brent, Warren Patterson, ING's, John Evans, Natalie Grover, Paul Carsten, Florence, Mohi Narayan, David Goodman, Mark Potter Organizations: REUTERS, . West Texas, of, Petroleum, Thomson Locations: Bakersfield , California, China, Saudi Arabia, Russia, OPEC, Saudi, London, Florence Tan, Singapore, New Delhi

☆ Oil up 1% on tighter supplies and heating oil prices
▼ + stars: | 2023-08-21 | by ( Natalie Grover | ) www.reuters.com time to read: +2 min

REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsSummary China draws on record inventories amid high prices -dataBuoyant heating oil lifts crude prices -analystChinese economy and US rate risk continues to weighLONDON, Aug 21 (Reuters) - Oil prices rose more than 1% on Monday as tighter supply reflected in fewer exports from Saudi Arabia and Russia and high heating oil prices outweighed concern over global demand growth. A weaker dollar makes oil purchases less expensive for holders of other currencies, potentially boosting demand. Another bullish factor is the high price of heating oil, which is in focus as the northern hemisphere approaches darker months, said John Evans of oil broker PVM. However, what is like trying to hit a "flying insect with a bazooka" is determining whether the buoyant heating oil market is enough to rally the oil complex or just hold it in the face of broader macroeconomic concerns, he said. "Unless there's a recession and demand slows or drops, OPEC+ is in control," said Stefano Grasso, a senior portfolio manager at 8VantEdge in Singapore.

Persons: Lucy Nicholson, Brent, Warren Patterson, ING's, John Evans, Stefano Grasso, Natalie Grover, Paul Carsten, Florence, Mohi Narayan, David Goodman Organizations: REUTERS, . West Texas, of, Petroleum, Thomson Locations: Bakersfield , California, China, Saudi Arabia, Russia, OPEC, Saudi, 8VantEdge, Singapore, London, Florence Tan, New Delhi

☆ Oil edges up on tighter supplies, heating oil prices
▼ + stars: | 2023-08-21 | by ( Natalie Grover | ) www.reuters.com time to read: +3 min

REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsSummary China draws on record inventories amid high prices - dataBouyant price of heating oil lifts crude prices - analystChina economic sentiment, US rate hike risk continues to weighLONDON, Aug 21 (Reuters) - Oil prices edged higher on Monday as tighter supply reflected in fewer exports from Saudi Arabia and Russia and high heating oil prices outweighed concerns about global demand growth amid high interest rates. The September WTI contract expires on Tuesday and the more active October contract gained 78 cents to $81.44 a barrel. As well, "the dollar seems to be taking somewhat of a breather, which would be providing some support," he said. A weaker dollar makes oil purchases less expensive for holders of other currencies, sparking demand. Also supporting crude is the buoyant price of heating oil, which is in focus as the northern hemisphere approaches darker months, said John Evans of oil broker PVM.

Persons: Lucy Nicholson, Brent, Warren Patterson, ING's, John Evans, Stefano Grasso, Natalie Grover, Florence, Mohi Narayan, Shri Navaratnam, Tom Hogue Organizations: REUTERS, U.S, West Texas, Organization of, Petroleum, Thomson Locations: Bakersfield , California, China, Saudi Arabia, Russia, OPEC, Saudi, 8VantEdge, Singapore, London, Florence Tan, New Delhi

☆ Oil prices climb on expectations of lower OPEC+ exports in August
▼ + stars: | 2023-08-21 | by ( Florence Tan | ) www.reuters.com time to read: +2 min

REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsSummary China draws on record inventories amid high prices -analystsRussia remains China's top crude supplier in July -dataChina's July diesel exports surge -dataSINGAPORE, Aug 21 (Reuters) - Oil prices rose on Monday as global supply is tightening with lower exports from Saudi Arabia and Russia, offsetting nagging concerns about global demand growth amid high interest rates. The September WTI contract expires on Tuesday and the more active October contract gained 73 cents to $81.39 a barrel. Supply is tightening, however, with OPEC+ crude exports set to fall a second month in August, said Stefano Grasso, a senior portfolio manager at 8VantEdge in Singapore, citing preliminary data from shiptracking firm Kpler. "Unless there is a recession and demand slows or drops, OPEC+ is in control." Meanwhile, Chinese refiners ramped up refined products exports in July, drawn by strong export margins.

Persons: Lucy Nicholson, Brent, Stefano Grasso, " Grasso, Baker Hughes, Florence Tan, Shri Navaratnam, Tom Hogue Organizations: REUTERS, U.S, West Texas, U.S ., Organization of, Petroleum, Thomson Locations: Bakersfield , California, China, Russia, SINGAPORE, Saudi Arabia, 8VantEdge, Singapore, OPEC, Saudi, United States

☆ Los Angeles 2028 decision on new sports in next few weeks-IFAF
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +2 min

An LA2028 sign is seen at the Los Angeles Coliseum to celebrate Los Angeles being awarded the 2028 Olympic Games, in Los Angeles, California, U.S., September 13, 2017. REUTERS/Lucy Nicholson/File PhotoBERLIN, Aug 14 (Reuters) - A decision on which new sports will be included in the Los Angeles 2028 Olympics is likely to come in the next few weeks, the head of the International Federation of American Football said on Monday. "We expect a decision (from LA2028 organisers) in the coming weeks," IFAF President Pierre Trochet said in a call with reporters. Flag football is banking on its support in the United States, growing popularity abroad as well as potential participation of NFL players at the Games to make it to Los Angeles. The LA 2028 organisers can decide on several sports to be included.

Persons: Lucy Nicholson, Pierre Trochet, Brett Gosper, Karolos Grohmann, Hugh Lawson Organizations: Los Angeles Coliseum, REUTERS, International Federation of American Football, . Flag, Olympic Committee, Flag, NFL, Games, breakdancing, Tokyo Games, Thomson Locations: Los Angeles, Los Angeles , California, U.S, Los, Mumbai, United States, NFL Europe

☆ Microsoft's role in data breach part of US cyber inquiry -Bloomberg News
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +1 min

A Microsoft logo is seen in Los Angeles, California U.S. November 7, 2017. REUTERS/Lucy Nicholson/File PhotoCompanies Microsoft Corp FollowAug 10 (Reuters) - A U.S. cybersecurity advisory panel will investigate risks in cloud computing that will also include Microsoft Corp's (MSFT.O) role in the recent breach of government department email systems by suspected Chinese hackers, Bloomberg News reported on Thursday. That access was used to spy on the communications of U.S. Commerce Secretary Gina Raimondo and senior State Department diplomats. The U.S. House of Representatives Oversight Committee last week said it was opening an investigation into China's suspected involvement in recent breaches of Commerce and State department email systems. Reporting by Gokul Pisharody in Bengaluru; Editing by Himani Sarkar and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Lucy Nicholson, Ron Wyden, Gina Raimondo, CISA, Gokul, Himani Sarkar, Jamie Freed Organizations: Microsoft, Los Angeles , California U.S, REUTERS, Bloomberg, Federal Trade Commission, Infrastructure Security Agency, Justice Department, U.S . Commerce, State Department, U.S . House, Commerce, Thomson Locations: Los Angeles , California, U.S, Oregon, Bengaluru

Microsoft is set to shed about $100 billion from its market capitalization if the loses hold until close of trading. "The tech earnings season has started on a mixed note," said Mark Haefele, global wealth management chief investment officer at UBS in a client note. "The tone set by quarterly results over the next week will be crucial to the performance of tech stocks through the rest of the third quarter." Large tech companies, which rely heavily on borrowed money, have been pressured since the Fed started its tightening cycle to tame inflation. However, optimism over AI and hopes that the Fed is nearing the end of its rate hiking cycle have supported tech stocks in recent months.

Persons: Lucy Nicholson, Paul Nolte, Murphy, Sylvest, Mark Haefele, Wall, Stuart Cole, Bernstein, Mark Shmulik, Meta, enviously, Shmulik, Shreyashi Sanyal, Amruta, Lucy Raitano, Johann M Cherian, Amanda Cooper, Saumyadeb Organizations: Los Angeles , California U.S, REUTERS, Microsoft, Google, UBS, Apple Inc, Amazon.com Inc, Fed, Equiti, Federal Trade Commission, Amazon, Inc, Facebook, Thomson Locations: Los Angeles , California, U.S, HK, Bengaluru, London

☆ 'Oppenheimer' leaves out the most terrifying, deadly risk of nuclear weapons because nobody knew about it until the 1980s
▼ + stars: | 2023-07-25 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

The film "Oppenheimer" is filled with terrible visions of nuclear war from the father of the atom bomb. But J. Robert Oppenheimer didn't know about the worst-case scenario: nuclear winter. The theory is that nuclear war would darken the skies, cool the planet, and cause billions to starve. Last year, they published findings that fish and livestock would not be able to sustain the world if nuclear winter wiped out crops. They concluded that a nuclear war between the US and Russia could cause 5 billion people to starve to death.

Persons: Oppenheimer, Robert Oppenheimer didn't, Christopher Nolan's, Cillian Murphy's J, Robert Oppenheimer, Alan Robock, Lucy Nicholson, Carl Sagan, Robock Organizations: Service, Bravo, NOAA, Rutgers University, Reuters, Trinity, US Army, Getty Images Locations: Wall, Silicon, Alamos, Central Valley, Russia, India, Pakistan

Both Amazon and Alphabet will likely report their lowest-ever growth for the cloud computing business at 9.8% and 24.4%, respectively, according to analysts polled by Refinitiv. Meanwhile Microsoft Intelligent Cloud, home to Azure, is expected to grow at 13.7%, the slowest rate since 2017. The digital ad market recovery will also aid Alphabet, whose Google Search has so far avoided any meaningful market share loss to Microsoft's AI-powered Bing. Alphabet is expected to report 4.5% revenue growth in the April-June period, its best in three quarters. Microsoft and Alphabet will report quarterly results on July 25, Meta on July 26 and Amazon on Aug. 3.

Persons: Lucy Nicholson, Kingsley Crane, Rishi Jaluria, Jaluria, Bernstein, Yuvraj Malik, Aditya Soni, Shounak Dasgupta Organizations: Los Angeles , California U.S, REUTERS, Microsoft, Google, Refinitiv, RBC Capital, Facebook, Meta, BofA Global Research, Thomson Locations: Los Angeles , California, Bengaluru

Getting more cars on the road would help Tesla maintain its dominant U.S. market share in "turbulent times" and give it access to precious usage data needed to train the artificial intelligence models behind its self-driving technology. The billionaire believes full self-driving (FSD) could one day account for most of Tesla's value and give it a cushion rivals lack as they try to turn their EV operations profitable. "They're not an AI play the way Microsoft or Nvidia is an AI play," said Thomas Martin, senior portfolio manager at Tesla shareholder Globalt Investments. "They're more of an AI play the way a regular business is an AI play, except that this race to full self-driving has always been an AI issue, and it's always been based on data. Wells Fargo analysts said FSD's adoption could be impeded by its price, which Musk said was low.

Persons: Elon, Musk, Tesla, Gene Munster, Lucy Nicholson, John Tomlinson, Thomas Martin, it's, Wells, Peter Henderson, Aditya Soni, Akash Sriram, Dhanya Ann Thoppil Organizations: Tesla, Deepwater Asset Management, REUTERS, Global, Research, Beta, Microsoft, Nvidia, Globalt Investments, Dojo, Thomson Locations: Los Angeles , California, U.S

Search resuls for: "Lucy Nicholson"

25 mentions found