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☆ Sterling misses out on England selection again
▼ + stars: | 2023-11-09 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

LONDON, Nov 9 (Reuters) - Chelsea forward Raheem Sterling was again left out by England manager Gareth Southgate as he named his squad for the forthcoming Euro 2024 qualifiers against Malta and North Macedonia. Sterling, who has earned 82 caps for his country and was once a key part of Southgate's forward line, has now missed five successive England squads. Despite Southgate saying the door remains open, time is clearly running out for Sterling to force his way back into the reckoning for the Euro 2024 finals. Manchester City's John Stones misses out because of injury while Chelsea's Reece James is also not included despite recently returning from a lengthy injury lay-off. "I'm super excited about the tournament, we're really gearing towards the next tournament and I think everybody in international football is always living from tournament to tournament.

Persons: Raheem Sterling, Gareth Southgate, Sterling, Southgate, Raheem, we've, Eddie Nketiah, Callum Wilson, Aston, Ollie Watkins, Manchester City's John Stones, Chelsea's Reece James, Reece James, that's, Sam Allardyce's, Sam Johnstone, Jordan Pickford, Aaron Ramsdale, Levi Colwill, Lewis Dunk, Marc Guehi, Harry Maguire, Fikayo, Kieran Trippier, Kyle Walker, Trent Alexander, Arnold, Jude Bellingham, Conor Gallagher, Jordan Henderson, Kalvin Phillips, Declan Rice, Jarrod Bowen, Phil Foden, Jack Grealish, Harry Kane, James Maddison, Marcus Rashford, Martyn Herman, Toby Davis Organizations: Chelsea, Malta, Italy, Newcastle United, Manchester, Wembley, Arsenal, Brighton & Hove Albion, Manchester United, Milan, Manchester City, West Ham United, Bayern, Tottenham Hotspur, Aston Villa, Thomson Locations: England, North Macedonia, France, Germany, Malta, Crystal, Everton, Chelsea, Manchester, Liverpool, Real Madrid, West, Bayern Munich

☆ Warner Gets Too Real About Advertising Meltdown
▼ + stars: | 2023-11-08 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Warner feels the need to invest in growth areas such as its videogame business. Warner Bros. Its studio revenue grew 4% year over year, which is its first such gain in more than a year. But that was offset by continued weakness in advertising, which fell 12% year over year to just under $1.8 billion—a record low for the combined company’s reported results that go back to the beginning of 2021. Warner also lost about 1.4 million domestic subscribers to its streaming services that included the recently rebranded Max; analysts had been expecting a drop of only about 200,000 subscribers.

Persons: Warner, claudia greco, Barbie ” Organizations: Warner Bros, Discovery

☆ How a No-Nonsense Union Leader Became a Style Icon
▼ + stars: | 2023-11-08 | by ( Jacob Gallagher | ) www.wsj.com time to read: 1 min

The United Auto Workers union struck a landmark series of deals with some of the nation’s largest automakers in recent weeks. Photo: Rebecca Cook/ReutersA few weeks into the United Auto Workers strike, the union’s straight-shooting president, Shawn Fain, appeared on a video livestream to update his members on the progress of negotiations. Things weren’t going well, and Fain did not mince words. “I’ll tell it to you straight. The billionaires and company executives think us autoworkers are just dumb,” he said.

Persons: Rebecca Cook, Shawn Fain, Fain Organizations: United Auto Workers, Reuters

☆ GOP lawmakers call for VA to slash reliance on China for medical supplies
▼ + stars: | 2023-11-08 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —A pair of Republicans leading powerful House committees are calling for the Department of Veterans Affairs to speed up efforts to decrease the agency’s reliance on China for medical supplies, CNN has learned. The Covid-19 pandemic laid bare a dangerous vulnerability in America’s medical supply chains that resulted in shortages of masks, respirators and other life-saving gear. “The COVID-19 pandemic exposed the national security and public health risks of failing to guarantee adequate medical supplies. As the biggest buyer of medical supplies among federal agencies, it has considerable influence. Congress has attempted to take steps to boost the resilience of the nation’s medical supply chain by easing dependence on goods from less friendly nations like China.

Persons: Mike Gallagher, Mike Bost, Denis McDonough, Bost, Gallagher, “, ” Terrence Hayes, Joe Biden, Health Richard Stone, ” Bost, McDonough, Democratic Sen, Tom Carper, Republican Sen, Thom Tillis, ” Organizations: New, New York CNN, Department of Veterans Affairs, CNN, Veterans ’, Chinese Communist Party, CCP, Department of Veteran Affairs, Defense Department, Department of Homeland Security, Department of Health, Human Services, Republicans, Health, World Trade Organization, Congress, Democratic, Republican Locations: New York, China, United States, America, Covid, Mexico, Malaysia

☆ US lawmakers want Biden to hike tariffs on Chinese-made vehicles
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

U.S. President Joe Biden delivers remarks on infrastructure during an event at the Amtrak maintenance facility in Bear, Delaware, U.S., November 6, 2023. REUTERS/Leah Millis/File Photo Acquire Licensing RightsWASHINGTON, Nov 8 (Reuters) - A bipartisan group of U.S. lawmakers want the Biden administration to hike tariffs on Chinese-made vehicles and investigate taking steps to prevent Chinese companies from exporting to the United States from Mexico. Representative Mike Gallagher, a Republican who chairs a select committee on China, and the panel's top Democrat, Raja Krishnamoorthi and two other lawmakers urged U.S. Trade Representative Katherine Tai in a letter to boost the current 25% tariff on Chinese vehicles. "It is critical that tariffs on (Chinese) automobiles not only be maintained but also increased to stem the expected surge in (Chinese) imports," they wrote in the previously unreported letter. Reporting by David ShepardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Leah Millis, Biden, Mike Gallagher, Raja Krishnamoorthi, Katherine Tai, David Shepardson Organizations: Amtrak, REUTERS, Rights, Republican, U.S, Trade, Thomson Locations: Bear , Delaware, U.S, United States, Mexico, China

TikTok is back in the cross hairs of Washington, with Republican lawmakers again calling to ban the popular short-form video app amid accusations that it is amplifying pro-Palestinian and anti-Israel videos through its powerful algorithmic feed. In the past week, Senator Josh Hawley of Missouri, asked the Biden administration to outlaw TikTok for its “ubiquity” of anti-Israel content. Senator Marco Rubio of Florida accused Beijing officials of using TikTok, whose parent company is based in China, to spread propaganda to Americans. ByteDance, which owns TikTok, has for years refuted claims that it poses a privacy or security risks. It has also said in recent weeks that the app does not disproportionately promote pro-Palestinian content.

Persons: TikTok, Josh Hawley, Biden, Mike Gallagher, Wisconsin, Marco Rubio, ” Mr, Rubio Organizations: Republican, America, Hamas Locations: Washington, Israel, Josh Hawley of Missouri, sympathizing, Florida, Beijing, China, “, United States

☆ Auto Chip Makers Try to Avoid a Pileup
▼ + stars: | 2023-11-07 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Semiconductor sales to the auto industry jumped 16% in 2022. The industry has been mired in a historic slump for more than a year now. The Semiconductor Industry Association, or SIA, reported last week that global chip sales in September fell 4.5% from the same period last year. That made for the 14th straight month of sales declines—a streak not seen in more than a decade. Much of the downturn has been due to weak sales of PCs, smartphones and other consumer and business electronics that saw a rise in demand earlier in the pandemic.

Persons: Justin Sullivan Organizations: Semiconductor Industry Association, SIA

☆ ‘Eat the Rich’: How a Union Slogan Set Off a Merch Bonanza
▼ + stars: | 2023-11-07 | by ( Jacob Gallagher | ) www.wsj.com time to read: 1 min

Persons: Rebecca Cook, Shawn Fain, Fain Organizations: United Auto Workers, Reuters

☆ Spurs vs. Chelsea: Nine-man Tottenham misses out on chance to go top of the Premier League in thriller
▼ + stars: | 2023-11-07 | by ( Manav Tanneeru | George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —Five goals, as many overturned or disallowed, two red cards, and 21 minutes of stoppage time: those are just some of the numbers behind what was a wild and chaotic English Premier League game between Tottenham Hotspur and Chelsea. Spurs battled hard and deployed a seven-man high line in defense, which appeared to perplex Chelsea until Raheem Sterling got in behind and teed up Jackson to make it 2-1. We were very close to getting that equalizer a couple of times.”Ultimately, Spurs paid for their poor discipline. Jackson puts Chelsea ahead against Tottenham. Tony Obrien/Reuters“It was an amazing game,” Chelsea manager Mauricio Pochettino, facing his former club for the first time since leaving Tottenham four years ago, told Sky Sports.

Persons: Gary Neville, ”, Jamie Carragher, ” Nicolas Jackson’s, Cristian Romero, Destiny Udogie, perplex Chelsea, Raheem Sterling, Jackson, Nicolas Jackson, John Walton, Eric Dier, Bentancur, Son Heung, Min, Conor Gallagher, Guglielmo Vicario, “, Ange Postecoglou, “ You’re, “ I’m, Dejan Kulusevski’s, Chelsea, Moisés Caicedo, Romero, Enzo Fernández, Caicedo’s, Cole Palmer, Udogie, Gallagher, Tony Obrien, ” Chelsea, Mauricio Pochettino Organizations: CNN, English Premier League, Tottenham Hotspur, Chelsea, Sports, Spurs, ” Spurs, Sky Sports, Sterling, Postecoglou, Tottenham, Reuters, Premier League, Manchester City Locations: Senegal

☆ Dating Apps Need to Rekindle Romance With Wall Street
▼ + stars: | 2023-11-06 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Lidiane Jones will take over as CEO of Bumble. Photo: josh edelson/Agence France-Presse/Getty ImagesInvestors are swiping left on Bumble ’s new chief. The owner of the female-driven online dating app of the same name saw its share price slide about 5% on Monday morning after the company said that founder Whitney Wolfe Herd is stepping down from the chief-executive officer role. She will remain as executive chair, while Lidiane Jones will take over as CEO on Jan 2. She currently heads up Slack Technologies, where she became CEO almost a year ago under the ownership of Salesforce.

Persons: Lidiane Jones, Bumble, josh edelson, Whitney Wolfe Organizations: Agence France, Getty, Slack Technologies

Dearborn, Michigan CNN —In 2020, Eman Hammoud was one of thousands of Michigan Muslims who helped President Joe Biden beat Donald Trump. A month ago, the Palestinian American immigration lawyer had no doubts she would support his campaign again in 2024. Michigan has more than 200,000 Muslim American voters — 146,000 of whom turned out to vote in 2020 –— according to an analysis by Emgage, an organization that seeks to build the political power of Muslim Americans. “That just proves that the Biden administration needs the Muslim vote to win,” said Nada Al-Hanooti, the Michigan executive director of Emgage Action. “We felt that the rhetoric, including from the White House, was very unhelpful and in fact potentially dangerous,” Alzayat said.

Persons: Joe Biden, Donald Trump, she’s, “ He’s, ” Hammoud, that’s, Hammoud, Biden, ”, Nada, Fayoume, ” Biden, Ammar Moussa, “, Donald Trump’s, Abbas Alawieh, Rashida Tlaib, Tlaib, Israel, Abdullah Hammoud, “ We’re, Israel isn’t, —, Beau, Adam Abusalah, John Kirby, he’s, Robyn Patterson, “ We’ll, White, Jeff Zients, Anita Dunn, Wa’el Alzayat, ” Alzayat, Antony Blinken, Sam Baydoun, Baydoun, ” Baydoun, didn’t, ” Hussein Dabajeh, ” Dabajeh, ” Lexi Zeidan, “ We’ve, Zeidan, CNN’s Denise Royal Organizations: Michigan CNN —, Biden, CNN, Michigan, American, Michigan —, Arab American, GOP, MAGA, Democratic, Dearborn, Muslim American, Palestinian, Congress, Rep, Muslim, Israel, West Bank, US, UN, House, Hamas, Gaza Ministry of Health, White House, White, Office, UN Security, Trump Locations: Dearborn, Michigan, Palestinian, Israel, Gaza, —, Detroit, Eastern, Arab American, Palestinian American, Hammoud, Tel Aviv, Minneapolis, Wayne County , Michigan, Lebanon, Habib’s, Lebanese, American, Palestine

☆ Investors Aren’t Buying Apple’s New iPhone
▼ + stars: | 2023-11-03 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Apple’s stock has recently been underperforming its big tech peers. Photo: Brittany Peterson/Associated PressCompared with its big tech peers inflated by artificial-intelligence hype, Apple seemed to have the lowest bar to clear in the current earnings season. At the very least, Apple’s fiscal fourth-quarter results late Thursday indicate that its newest iPhones aren’t off to a raging start. The company launched the iPhone 15 family during its usual window about a week before the quarter’s end in late September. But that compares with a 10% gain in the previous year’s fourth quarter and a 47% surge in 2021, when the iPhone 13 family launched to surprisingly strong demand.

Persons: Brittany Peterson Organizations: Associated

The economy added 150,00 jobs in October, suggesting a mild slowdown following September’s outsized gain, the Labor Department reported on Friday. Nonfarm payrolls comes in a bit light, downward revisions to previous 2 months and wage growth on the low end. On the margin it feels like it has softened up, but it's still a mighty hot job market,” says Steve Preston, CEO of Goodwill Industries. The Federal Reserve has been looking to the labor market for signs it has reached a better balance between supply and demand than a year ago. Chairman Jerome Powell noted that the labor market has remained strong even as interest rates have risen at a sharp pace over the past year.

Persons: ”, Noah Yosif, Nonfarm payrolls, ” Kathy Jones, it's, Steve Preston, ” Preston, Geno Cutolo, Scott Hamilton, ” Hamilton, Jerome Powell, “ We've Organizations: Labor Department, UKG, ”, Schwab Center, Financial Research, Goodwill Industries, Federal Reserve, Labor Locations: North America

☆ Opinion | Two Ways of Looking at the West’s Population Dilemma
▼ + stars: | 2023-11-03 | by ( Ross Douthat | ) www.nytimes.com time to read: +11 min

That means the dilemma of the 21st century isn’t how Earth will feed an ever-growing population, but how the world will deal with a potential mass rebalancing of population via migration, an altered wealth-and-people equilibrium, in a world where technology is making the movement of peoples easier than ever. Clearly, the richest countries will be able to replenish their populations with immigration across the 21st century — if they choose. (A 25 percent ratio means there are four workers for every retiree; a 50 percent ratio, just two.) I don’t think you need to be especially pessimistic to regard that kind of transformation as incompatible with stable democratic governance. It’s among the reasons you already have the rightward shift in European politics and why immigration restriction will be a winning issue for the foreseeable future in many European countries.

Persons: Declan Walsh, Africa’s “, Hannah Reyes Morales, Walsh, it’s, Paul Morland, Philip Pilkington, —, hasn’t, don’t, ’, Morland, Pilkington, Biden, Trump, “, Gilbert Meilaender, Blake Smith, Yuan Yi Zhu, Valerie Stivers, Tim Miller, John Gallagher, — Sarah Neville Organizations: Financial Times Locations: Israel, Gaza, Europe, Africa, East Asia, Latin America, Italy, Spain, Bulgaria, Romania, Germany, Sweden, Nigeria, Morocco, Americas, America, United States, Palestine, Denmark, Britain, South Korea, Japan, Asia, Poland, ”, London, North America

☆ Dollar General hasn't investigated worker conditions despite shareholders' demands, an investor says in a new letter to company
▼ + stars: | 2023-11-03 | by ( Alex Bitter | ) www.businessinsider.com time to read: +8 min

Dollar General hasn't provided updates on a shareholder-endorsed audit of worker safety at its stores, an investor group says. Dollar General said it has met with the investor"including multiple calls with members of executive leadership." In May, Dollar General shareholders approved a proposal asking the company to audit worker safety at its stores. A Dollar General spokesperson said it has "a strong, ongoing shareholder engagement program and a well-documented track record of responsiveness to shareholder feedback." AdvertisementAdvertisementThe lack of action on safety at the chain's stores is a concern for many Dollar General shareholders, Gallagher told Insider.

Persons: hasn't, —, Amy Domini, it's, Mary Beth Gallagher, Michael Calbert, Gallagher, didn't, Domini, doesn't, David Williams, Williams Organizations: Dollar, Service, Occupational Safety, Health Administration, OSHA, Department of Labor, New York Times, Company, Investors Locations: North Dakota, Texas, Jacksonville , Florida

☆ Chip Makers’ PC Boost Not Built to Last
▼ + stars: | 2023-11-01 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

PCs have proved to be the saving grace for Intel and Advanced Micro Devices this earnings season. Photo: Alex Kraus/Bloomberg NewsIt’s a testament to how odd the chip market is right now that personal-computer demand is actually a source of strength. PC sales have been in a downspin since early last year, following two years of pandemic-induced growth. The downturn has been such that the 7.6% year-over-year decline in unit sales that market-research firm IDC reported for the third quarter actually counted as a notable improvement, as sales had been falling by double digits for the previous five periods. IDC projects PC shipments will total 252 million units globally this year—down 14% from last year and the lowest annual sales number the firm has reported in more than a decade.

Persons: Alex Kraus, It’s Organizations: Intel, Bloomberg, IDC

☆ US House panel seeks ban on federal purchases of Chinese drones - FT
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +1 min

U.S. and Chinese flags are seen in this illustration taken, January 30, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 1 (Reuters) - The U.S. House of Representatives' China committee will introduce a bill to ban the U.S. government from buying Chinese drones, the Financial Times reported on Wednesday. Mike Gallagher, the Republican head of the committee, and Raja Krishnamoorthi, the ranking Democrat, will introduce the "American Security Drone Act" on Wednesday, the FT report added. The bill was cosigned by Virginia Republican Rob Wittman and Connecticut Democrat Joe Courtney, the FT said, adding that the bill would also bar local and state governments from purchasing Chinese drones with federal grants. The U.S. House of Representatives' China committee did not immediately respond to a Reuters request for comment.

Persons: Dado Ruvic, Mike Gallagher, Raja Krishnamoorthi, Gallagher, Virginia Republican Rob Wittman, Joe Courtney, Devika Nair, Chizu Organizations: REUTERS, U.S . House, Representatives, Financial Times, Republican, FT, China, Virginia Republican, Connecticut, Thomson Locations: China, United States, Bengaluru

☆ Apple’s Dark Cloud Might Linger
▼ + stars: | 2023-10-31 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Apple stopped giving actual financial forecasts early in the pandemic and has yet to resume, though it typically offers some qualitative comments about the ongoing quarter. Photo: Michael Kuenne/Zuma PressWinter has come early for Apple , and it might last a while. The world’s largest company by market value has become worth considerably less over the past three months. Apple’s share price has slid 11% since the company reported its fiscal third-quarter results on Aug. 3, erasing nearly $400 billion in market value. It is hardly a typical swing given the fact that the company has long used the fall season to launch its biggest products for every year, including new iPhones.

Persons: Apple, Michael Kuenne Organizations: Apple

A screengrab taken from video shows ruins of the Saqallah family compound after the blast on October 19. A view of the Saqallah family compound before the strike. From left, Doctors Omar Saqallah, Saed Saqallah and Ameed Saqallah were among the 42 relatives killed on October 19. They’re just ordinary people: doctors and grandmothers and grandfathers and uncles and aunts and children,” Abu Shaban said. Until the killing stops, Abu Shaban says his family still reels: “I’m still in this nightmare.

Persons: Tariq Hamouda, Manal, it’s, they’re, Hamouda, Tariq Hamouda “, ” Hamouda, ”, Tariq Hamouda Israel, Eyad Abu Shaban, “, “ It’s, ” Abu Shaban, Essam Abu Shaban, Layla Saqallah, Ahmed, Abu Shaban, –, Omar Saqallah, Saed, Ameed Saqallah, Tariq, – Saed, Omar, Ameed, Khorsheed, Sen, Amy Klobuchar’s, “ We’ve, haven’t Organizations: CNN, Palestinian, Hamas, Israel Defense Forces, Palestinian Ministry of Health, United Nations Office, Humanitarian Affairs, Boca, Community, Islamic Locations: Gaza, Maple Grove , Minnesota, Israel, Sheikh Ejleen, Gaza City, Hamouda, Israeli, Minnesota, Ramallah, South Florida, Tel El Hawa, Boca Raton, Grove, Brooklyn, Amy Klobuchar’s Minnesota

☆ US lawmakers urge Yellen to speed up China outbound investment rules
▼ + stars: | 2023-10-31 | by ( Michael Martina | ) www.reuters.com time to read: +2 min

Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Seth Wenig/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Oct 31 (Reuters) - The Republican and Democratic leaders of a U.S. congressional committee on China urged Treasury Secretary Janet Yellen to urgently implement outbound investment restrictions on the country, warning that Beijing was using American capital to develop technologies as her department debated new rules. China has condemned the move, but some U.S. lawmakers have argued it has too many loopholes. Yellen should adopt a broad definition of technology in her guidelines on the investment restrictions, the lawmakers said in the letter, dated Oct. 30, arguing China had blurred the lines between commercial and military technology. Some U.S. officials have said the outbound investment rules should not be overly broad to avoid harming the U.S. economy.

Persons: Janet Yellen, Seth Wenig, Joe Biden, deliberates, Mike Gallagher, Raja Krishnamoorthi –, Gallagher, Krishnamoorthi, Michael Martina, Sandra Maler Organizations: Treasury, Rights, Republican, Democratic, Chinese Communist Party, CCP, U.S, Biden, Thomson Locations: United States, New York, China, Beijing, U.S

☆ Amazon Beefs Up Bottom Line as AI Battle Shapes Up
▼ + stars: | 2023-10-27 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Results for Amazon Web Services, the company’s cloud-computing division, were more closely watched than normal this quarter. Photo: Pau Barrena/Agence France-Presse/Getty ImagesAmazon might not yet be the clear winner in the race among tech giants over artificial intelligence. Total revenue of $143.1 billion was up 13% from the same period last year, which exceeded the 11% growth Wall Street was expecting. And operating income soared, hitting a record $11.2 billion compared with $2.5 billion in last year’s third quarter—exceeding analysts’ consensus target by nearly half. That was helped by sharp growth in advertising and third-party seller services—both of which offer superior profit margins compared with Amazon’s more typical retail sales.

Persons: Pau Organizations: Amazon Web Services, Pau Barrena, Agence France

☆ Rep. Gallagher: A world where China dominates critical technologies is a very dark, dystopian world
▼ + stars: | 2023-10-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. Gallagher: A world where China dominates critical technologies is a very dark, dystopian worldHouse Select Committee on China Chairman Rep. Mike Gallagher (R-Wis.) and Member Rep. Ro Khanna (D-Calif.) join 'Squawk Box' to discuss the state of the A.I. race with China, impact of U.S. semiconductor export controls, other policy issues facing Congress, and more.

Persons: Gallagher, Mike Gallagher, Ro Khanna Locations: China

☆ Meta’s New Year of Efficiency Won’t Look Like the Old One
▼ + stars: | 2023-10-26 | by ( Dan Gallagher | ) www.wsj.com time to read: +1 min

Meta CEO Mark Zuckerberg said that artificial intelligence will be the company’s biggest investment area in 2024. Photo: David Paul Morris/Bloomberg NewsA social-network company serving nearly half the world’s population should be pretty efficient at giving everyone something they want. The parent company of Facebook, Instagram, WhatsApp and new Twitter challenger Threads posted largely strong results for the period late Wednesday. Daily active users both for Facebook and the company’s broader Family of Apps also grew more than analysts had expected. Facebook even added 10 million daily active users in the U.S. and Canada compared with consensus forecasts calling for zero growth in what is still the company’s most important ad market.

Persons: Mark Zuckerberg, David Paul Morris, Wall Organizations: Bloomberg, Meta, Facebook, Apps Locations: U.S, Canada

☆ Microsoft Gets Another Leg Up on Google in AI Race
▼ + stars: | 2023-10-25 | by ( Dan Gallagher | ) www.wsj.com time to read: +1 min

Microsoft has aggressively adopted ChatGPT’s technology since the chatbot was launched late last year. But if their latest quarterly results are any indication, it may be Microsoft ’s game to lose. Microsoft and Google-parent Alphabet both saw improvements to their core businesses during the September quarter according to results posted by both companies late Tuesday. Google’s advertising revenue grew 9% year-over-year to $59.6 billion during the quarter, beating Wall Street’s expectations and up notably from the 3% growth reported for the June period. That was helped by a notable pickup in YouTube’s advertising revenue, which jumped 12% for its quickest pace in nearly two years.

Persons: justin Organizations: Microsoft, Google

Indicted FTX founder Sam Bankman-Fried leaves the United States Courthouse in New York City, U.S., July 26, 2023. Elizabeth Holmes took the stand at her criminal trial, testifying over several days that she did not intend to defraud investors in her blood-testing startup, Theranos. For Bankman-Fried to be convicted of fraud, prosecutors must show beyond a reasonable doubt that he intended to defraud FTX customers or investors. Taking the stand carries the risk that he will be confronted with those media appearances as well as his use of social media. But Bankman-Fried has a lower-than-average fear of risk, according to trial testimony.

Persons: Sam Bankman, Fried, Amr Alfiky, Willkie Farr, Gallagher, Ilene Jaroslaw, Elizabeth Holmes, Holmes, Caroline Ellison, Ellison, Mike Schachter, Schachter, Tom Barrack, Donald Trump, Jean Boustani, District Judge Lewis Kaplan, Bankman, Jody Godoy, Tom Hals, Noeleen Walder, Jonathan Oatis Organizations: United, REUTERS, Prosecutors, Alameda Research, Massachusetts Institute of Technology, Detention, U.S, District, Thomson Locations: New York City, U.S, Alameda, Lebanese, Brooklyn's, New York

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