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☆ NBA roundup: Cavs recover, top 76ers in OT
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +4 min

The victory extended Cleveland's winning streak to four games and improved the Cavaliers to 2-1 in East Group A action in the in-season tournament. Allen logged 26 points and 13 rebounds, and Mobley had 18 points and 12 rebounds. Magic 126, Raptors 107Paolo Banchero scored 25 points and Orlando defeated visiting Toronto in an NBA in-season tournament game. Jalen Suggs added 18 points for the Magic, who have won four in a row. Omer Yurtseven scored 18 points off the bench and John Collins led the starters with 15 points for the Jazz, who fell to 2-2 in group play.

Persons: Jarrett Allen, Joel Embiid, Bill Streicher, Darius Garland, Evan Mobley, Allen, Mobley, Max Strus, Tobias Harris, Buddy Hield, Trae Young, Dejounte Murray, Kevin Durant, Devin Booker, Durant, of Famer Elvin Hayes, Jerami Grant, Deandre Ayton, Paolo Banchero, Jalen Suggs, Franz Wagner, Cole Anthony, Moritz Wagner, Gary Harris, Dennis Schroder, Pascal Siakam, Scottie Barnes, Anunoby, Jakob Poeltl, Anthony Davis, D'Angelo Russell, LeBron James, James, Omer Yurtseven, John Collins Organizations: Cleveland Cavaliers, Philadelphia 76ers, Wells, Wells Fargo Center, NBA, Cavaliers, East, Philadelphia, Cleveland, 76ers, Pacers, Hawks, Haliburton, Atlanta ., Orlando Magic, Suns, Trail Blazers, Phoenix, of Famer, Raptors, Orlando, Toronto, Magic, Lakers, Jazz, Los Angeles, Utah, Thomson Locations: Philadelphia , Pennsylvania, USA, Wells Fargo, Indiana, Atlanta . Haliburton, Atlanta, Portland, Phoenix

"In the more recent macro environment, consumer demand has been even more uneven and difficult to predict," Best Buy CEO Corie Barry said. U.S. holiday sales are expected to rise at its slowest pace in five years, according to data from the National Retail Federation, as Americans are likely to pull back on holiday shopping. REUTERS/Bing Guan/File Photo Acquire Licensing RightsLast week, industry bellwether Walmart (WMT.N) warned of cautious consumer spending as the holiday shopping season gets underway. Retail executives said higher interest rates, inflation and a resumption in student loan repayments will keep consumer wallets under pressure. Still, some investors expect holiday sales starting Black Friday to hold "some positive surprises."

Persons: Corie Barry, Bing Guan, Fitch, David Silverman, Marvin Ellison, Thomas Hayes, Rachel Wolff, Ananya Mariam Rajesh, Savyata Mishra, Granth Vanaik, Juby Babu, Shounak Dasgupta Organizations: National Retail Federation, REUTERS, Walmart, Retail, Apparel, Abercrombie, Fitch, American Eagle Outfitters, Insider Intelligence, Thomson Locations: United States, SoHo, New York City, U.S, Bengaluru

Nov 17 (Reuters) - The board of the company behind ChatGPT late on Friday fired OpenAI CEO Sam Altman - to many, the human face of generative AI - sending shock waves across the tech industry. Backed by billions of dollars from Microsoft (MSFT.O), OpenAI kicked off the generative AI craze last November by releasing its ChatGPT chatbot, which became one of the world's fastest-growing software applications. He was the face of OpenAI and the wildly popular generative AI technology as he toured the world this year. Altman posted on X shortly after OpenAI published its blog: "i loved my time at openai. "That said, we believe Microsoft and Nadella will exert more control at OpenAI going forward with Altman gone."

Persons: Sam Altman, Mira Murati, OpenAI, Altman, what’s, Murati, Tesla, Satya Nadella, Mira, Nadella, Eric Schmidt, Daniel Ives, Thomas Hayes, Davidson, Gil Luria, Samrhitha, Jeffrey Dastin, Anna Tong, Krystal Hu, Shounak Dasgupta, Kenneth Li, Richard Chang Organizations: Microsoft, Union, U.S, Reuters, OpenAI, Wedbush Securities, Economic Cooperation, Thomson Locations: openai, Asia, San Francisco, Oakland , California, Bengaluru, New York

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. The S&P 500 and the Nasdaq rose for the third straight session on Thursday as Treasury yields fell after higher-than-expected weekly jobless claims underscored market expectations that interest rates have peaked. The communication services index (.SPLRCL) led declines among the 11 major S&P 500 sectors, while energy shares (.SPNY) rose 1.1% as oil prices gained. Advancing issues outnumbered decliners by a 2.72-to-1 ratio on the NYSE and by a 1.88-to-1 ratio on the Nasdaq. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Michael Barr, Mary Daly, Daly, Thomas Hayes, Russell, Rick Wilmer, Shristi Achar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Nasdaq, Federal Reserve, Treasury, Microsoft, Materials, San Francisco Fed, Great, Capital, Dow, Dow Jones, Old Navy, ChargePoint Holdings, NYSE, Thomson Locations: New York City, U.S, Bengaluru

"Investors had hoped to receive separate shares of the cloud business in hopes the segment could achieve a higher multiple in the public markets due to its growth potential." The company then appointed Eddie Wu, one of Alibaba Group's co-founders and long-time lieutenant of former chief Jack Ma, as both CEO of Alibaba and the cloud business. Instead the group would focus on growing the cloud business and providing investment for its AI drivers, he said. [1/2]3D printed clouds and figurines are seen in front of the Alibaba Cloud service logo in this illustration taken February 8, 2022. Alibaba International Digital Commerce, a business that includes platforms such as Lazada and AliExpress, however reported a 53% rise in revenues, with retail revenue up 73% year-on-year.

Persons: Cainiao, Thomas Hayes, Alibaba's, Daniel Zhang, Eddie Wu, Alibaba Group's, Jack Ma, Zhang, Joseph Tsai, Tsai, Wu, Dado Ruvic, Alibaba, Akash Sriram, Brenda Goh, Sam Holmes, Arun Koyyur, Jane Merriman Organizations: Alibaba, HK, Tencent Holdings, Alibaba's, Investors, Analysts, Cloud Intelligence Group, REUTERS, Alibaba Group Holdings, PDD Holdings, Digital Commerce, Casey Hall, Thomson Locations: U.S, China, Hong Kong, Alibaba's U.S, Bengaluru, Shanghai

☆ AI startups struggle to not become OpenAI's 'roadkill:' 'When you step on the court with Jordan, you don't try to beat him at his game'
▼ + stars: | 2023-11-17 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +3 min

More than 300 AI founders and investors gathered earlier this week in San Francisco's Hayes Valley neighborhood for the 2nd Cerebral Valley AI Summit, co-hosted by the independent journalist Eric Newcomer and AI gaming startup Volley. Some called it an " extinction event for other AI startups ." "OpenAI can bully everyone, they can bully the talent, they can bully the competition, they can bully the term sheets. "When you step on the court with Jordan, you don't try to beat him at his game. During his panel, Warner was asked about those who took to social network X, formerly Twitter, to proclaim the death of nascent AI startups.

Persons: Eric Newcomer, —, OpenAI, Alex Pall, That's, they're, Andrew Hoh, Reid Hoffman, Hoffman, Vinod Khosla, Khosla, Jason Warner, Warner, it's, He's, he's, Poolside, Jordan Organizations: Summit, Business, Mantis Venture Capital, Microsoft Locations: San Francisco's Hayes, Paris

☆ Emma Hayes: Chelsea ‘robbed’ of Champions League win against Real Madrid, says Blues manager
▼ + stars: | 2023-11-16 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

CNN —Chelsea manager Emma Hayes says her team was “robbed” of a win after controversial refereeing decisions overshadowed her side’s entertaining 2-2 draw against Real Madrid in the Women’s Champions League group stage on Wednesday. Firstly, a questionable penalty was awarded to Madrid in the 78th minute and then a last-minute winner was ruled out for offside. “I think we’ve been robbed of what should have been a 3-1 game,” Hayes said after the match. With Chelsea dominating proceedings, referee Frida Klarlund awarded Real Madrid the penalty after Blues defender Jessie Fleming brought down Athenea del Castillo. Real Madrid manager Alberto Toril said he was pleased with the performance and result against Chelsea.

Persons: Emma Hayes, “, ”, ” Hayes, OIga Carmona’s, Millie Bright, Niamh Charles, Sam Kerr, Misa Rodríguez –, Frida Klarlund, Jessie Fleming, Athenea del, Isabel Infantes, Carmona, Hayes, Jessie, Fleming, shouldn’t, ’ Chelsea, Lauren James, Charles, Kerr, Niamh, Sam, Alberto Toril Organizations: CNN, Chelsea, Real Madrid, Women’s Champions League, Reuters, Real, Super League, Madrid’s, Blues, Athenea, Getty, US, National, ” Chelsea, UEFA, Madrid, BK Häcken, Paris FC Locations: Madrid, Spanish, Real Madrid, Athenea del Castillo, she’s, European

☆ Instant view: Cooler October US CPI raises confidence that Fed hikes done
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +8 min

Economists polled by Reuters had forecast the CPI gaining 0.1% on the month and increasing 3.3% on a year-on-year basis. The rally was due to rising investor belief that the Federal Reserve will now be less likely to hike interest rates at future meetings. LINDSAY ROSNER, HEAD OF MULTI-SECTOR FIXED INCOME INVESTING, GOLDMAN SACHS ASSET MANAGEMENT, NEW YORK“Today's Core CPI print was below expectations. "The Fed will not want to step back from its hawkish stance yet; the annual core rate at 4% is still some way away from target. THOMAS HAYES, CHAIRMAN AT HEDGE FUND GREAT HILL CAPITAL, NEW YORK"We're happy to see both headline and core CPI come in lower than expected.

Persons: Hannah Beier, ” BEN JEFFERY, GREG BASSUK, ” “, ” BRIAN JACOBSEN, MENOMONEE, we’ll, ” CHRIS ZACCARELLI, LINDSAY ROSNER, GOLDMAN, ” MATTHEW MISKIN, JOHN, “, ” STUART COLE, Kashkari, Powell, PETER ANDERSEN, ANDERSEN, it's, THOMAS HAYES, OLIVER PURSCHE, It’s, ” Organizations: Reading, REUTERS, Federal Reserve, Labor Department's Bureau of Labor Statistics, Reuters, Treasury, Markets, BMO, Reserve, CPI, ALLIANCE, Fed, Global Finance, Thomson Locations: Philadelphia , Pennsylvania, U.S, WALTHAM, MA, WISCONSIN, CHARLOTTE, GOLDMAN SACHS, JOHN HANCOCK, BOSTON, LONDON

[1/5] A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Nov 14 (Reuters) - A benign U.S. inflation report is bolstering hopes that the Federal Reserve can bring down consumer prices without hurting the economy, a so-called Goldilocks environment that investors believe will benefit stocks and bonds. This does feel like a Goldilocks moment for the entire market.”The data fueled a powerful rally in stocks and bonds. The S&P 500 (.SPX) was up about 2% on the day, on track for its biggest one-day rise since January. Still, some investors believed it was too early to call a victory in the fight against inflation.

Persons: Brendan McDermid, Eric Kuby, bearish, “, Daniel Kirsch, Piper Sandler, Thomas Hayes, ”, Brian Rose, Jamie Cox, Lewis Krauskopf, Saqib Iqbal Ahmed, Davide Barbuscia, Ankika Biswas, Ira Iosebashvili, Nick Zieminski Organizations: New York Stock Exchange, REUTERS, Federal Reserve, North Star Investment Management Corp, Thomson Reuters, BofA's Global, Fed, Fund, UBS Global Wealth Management, Harris Financial, Thomson Locations: New York City, U.S, Thomson Reuters United States, New York, Bengaluru

☆ Colorado hiker missing for months found dead with his dog still alive by his side
▼ + stars: | 2023-11-14 | by ( Macie Goldfarb | Elizabeth Wolfe | ) edition.cnn.com time to read: +3 min

“It just brings us all to tears the loyalty of that dog,” she told CNN on Monday. The weather was bright and sunny on the day Moore went missing, Vanne-Brightyn said, noting an avid hiker should have been able to see where his car was parked from the peak. “[It] defied all of our lost person behavior that he went over the other side of the mountain,” Vanne-Brightyn said. It isn’t the first time a missing hiker has been found dead with their furry companion still by their side. Last May, 74-year-old Donald Hayes went missing while hiking a mountain near Prescott, Arizona, with his dog, Ranger, local authorities said in a 2022 release.

Persons: Rich Moore, Jack Russell Terrier, Finney, Colorado’s San Juan Mountains –, Moore, Delinda, ”, Brightyn, Russell Hartstein, it’s “, ” Hartstein, Jack Russell, Donald Hayes, Hayes ’ Organizations: CNN Locations: Colorado, Colorado’s San Juan Mountains, Taos, Pagosa Springs, “, Archuleta, Prescott , Arizona

☆ Hayes hired as head coach of U.S. women's national soccer team
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: 1 min

Soccer Football - Women's Super League - Everton v Chelsea - Walton Hall Park, Liverpool, Britain - November 12, 2023 Chelsea manager Emma Hayes before the match Action Images via Reuters/Jason Cairnduff/File Photo Acquire Licensing RightsNov 14 (Reuters) - Emma Hayes has been appointed head coach of the United States women's national soccer team, the federation said in a statement on Tuesday. The 47-year-old from London announced on Nov. 4 that she would leave Chelsea at the end of the Women's Super League season in May after winning 13 major trophies in her 11 seasons with the English club. Reporting by Rory Carroll and Lori Ewing; editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Emma Hayes, Jason Cairnduff, Rory Carroll, Lori Ewing, Ken Ferris Organizations: Soccer, League, Everton, Chelsea, Walton Hall Park, United, national soccer team, London, Super League, Thomson Locations: Liverpool, Britain, United States

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. "This is what the Fed was looking for, slowing inflation, slowing labor market and the economy's holding up at the same time." Following the data, traders erased bets the Fed will raise borrowing costs any further and piled into bets on rate cuts starting by May. U.S. Treasury yields dropped, with the two-year yield , which best reflects short-term interest rate expectations, sliding to two-week lows. Advancing issues outnumbered decliners by a 13.89-to-1 ratio on the NYSE and by a 5.44-to-1 ratio on the Nasdaq.

Persons: Brendan McDermid, Thomas Hayes, Russell, Jerome Powell, Michael Barr, Loretta Mester, Austan Goolsbee, Mike Johnson, Sruthi Shankar, Amruta, Ankika Biswas, Shinjini Organizations: New York Stock Exchange, REUTERS, Companies, Dow, Nasdaq, Federal, Reuters, May, U.S, Treasury, Nvidia, Banking Committee, Cleveland Fed, Chicago Fed, U.S . House, Dow Jones, Inc, NYSE, Thomson Locations: New York City, U.S, New York, United States, Bengaluru

☆ Emma Hayes named coach of US women’s national team, signs record contract
▼ + stars: | 2023-11-14 | by ( Wayne Sterling | David Close | ) edition.cnn.com time to read: +3 min

CNN —Chelsea FC women’s manager Emma Hayes has been named head coach of the US Women’s National Team, the US Soccer Federation announced on Tuesday. She was named 2021’s Best FIFA Women’s Coach and is a finalist for the 2023 award. US Soccer, which reached an equal pay deal with female players in May 2022, said, without offering specifics, that Hayes’ contract makes her the highest paid women’s soccer coach in the world. “We felt strongly that Emma was the best person and coach to take the US Women’s National Team forward,” US Soccer Sporting Director Matt Crocker said. “I remember being a young coach working my way up through the system in the US and watching all those young girls aspire to play on the US Women’s National Team.

Persons: Emma Hayes, Hayes, ”, Andonovski, “, Emma, Matt Crocker, ” Hayes, Twila Kilgore, I’ve Organizations: CNN — Chelsea FC women’s, US, National Team, US Soccer Federation, Blues, FIFA, Soccer, CNN, US Soccer, US Soccer Sporting, Chelsea, Interim, Hayes ’, Women’s Super League, Chelsea –, FA Women’s, USA, Iona College, Professional Soccer, National, Summer Games Locations: Sweden, Paris

☆ Hayes hired in record deal to turn around U.S. women's soccer team
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +4 min

The 47-year-old from London is one of the game's most successful professional coaches, guiding Chelsea to 13 major trophies in her 11 seasons with the Women's Super League club. Hayes' deal with the U.S., which will reportedly run through at least 2027, will make her the highest paid women's soccer coach in the world, U.S. Soccer said on Tuesday. "This is a huge honour to be given the opportunity to coach the most incredible team in world football history," Hayes said in the statement announcing her appointment. Chelsea announced on Nov. 4 that Hayes would leave her job at the end of the Women's Super League season in May to pursue a new opportunity "outside the WSL and club football." Hayes replaces Vlatko Andonovski, who stepped down days after the Americans' shock defeat by Sweden in the last 16 of the 2023 Women's World Cup.

Persons: Emma Hayes, John Sibley, Hayes, Chelsea, I’ve, Twila Kilgore, Vlatko Andonovski, Emma, Cindy Parlow Cone, Laurence Stewart, Paul Winstanley, Andonovski, Megan Rapinoe, Lori Ewing, Rory Carroll, Amy Tennery, Ken Ferris Organizations: Soccer, League, Reading, Chelsea, Madejski, U.S, United, national soccer team, Women's Super League, USA, Super League, PARIS OLYMPICS, Paris Olympics, Paris Games, U.S . Soccer, . Soccer, FA, Thomson Locations: Reading, Britain, United States, London, Sweden, U.S, Chelsea, Los Angeles, New York

☆ Boeing shares take off on report that China may lift 737 freeze, bumper Dubai orders
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

Nov 13 (Reuters) - Shares of Boeing (BA.N) rose on Monday after a report said China was considering ending its freeze on purchases of the planemaker's best-selling 737 MAX aircraft after more than four years. This, coupled with bumper jet orders from Middle Eastern airlines at the Dubai Airshow, sent Boeing shares up 4%. China is considering resuming purchases of Boeing's 737 MAX aircraft when the U.S. and Chinese presidents meet this week at the APEC summit, Bloomberg News reported on Sunday, citing people familiar with the matter. Deliveries of Boeing's bestselling 737 MAX to Chinese airlines were halted following two deadly crashes. Boeing shares have underperformed S&P 500 in 2023Boeing shares were trading at $205.15, compared with analysts' current median price target of $250, according to LSEG data.

Persons: Thomas Hayes, Benoit Tessier, Hayes, Shivansh Tiwary, Ananya Mariam Rajesh, Shilpi Majumdar Organizations: Boeing, Dubai Airshow, APEC, Bloomberg, Paris, REUTERS, Emirates, Thomson Locations: China, Middle, U.S, Le Bourget, Paris, France, Dubai, Bengaluru

☆ NBA roundup: Luka Doncic, Mavs overwhelm Clippers
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +6 min

This was the Clippers' first in-season tournament game, while the Mavericks improved to 1-1. Tyrese Maxey racked up 29 points, 11 assists, six rebounds and four steals for Philadelphia, which has won seven straight games. Rockets 104, Pelicans 101Fred VanVleet drilled two late 3-pointers as Houston rallied from a 10-point, fourth-quarter deficit to defeat visiting New Orleans in an NBA in-season tournament game. Jayson Tatum had 23 points and 10 rebounds for the Celtics, who were playing in their first in-season tournament game. Anthony Edwards added 28 points for the Timberwolves, with Rudy Gobert racking up 11 points and 10 rebounds, Mike Conley scoring 11 points and Jaden McDaniels hitting for 10.

Persons: Luka Doncic, Dwight Powell, Kevin Jairaj, Kyrie Irving, Tim Hardaway Jr, Derrick Jones Jr, Kawhi Leonard, Joel Embiid, Embiid, Tyrese Maxey, Killian Hayes, Duren, Fred VanVleet, VanVleet, Brandon Ingram, Ingram, Zion Williamson, CJ McCollum, Herb Jones, Jordan Clarkson, Lauri Markkanen, John Collins, Keyonte George, Desmond Bane, Bismack Biyombo, Jaylen Brown, Jayson Tatum, Boston's Jrue Holiday, Lonnie Walker IV, Trendon, Dennis Smith Jr, Karl, Anthony Towns, phenom Victor Wembanyama, Anthony Edwards, Rudy Gobert, Mike Conley, Jaden McDaniels, LeBron James, D'Angelo Russell, Anthony Davis, Cam Reddish, Austin Reaves, Kevin Durant, Bradley Beal, Devin Booker, Mark Williams, Charlotte, Gordon Hayward, LaMelo Ball, Kevin Huerter, Keegan Murray, Domantas Sabonis, Murray, Malik Monk, Shai Gilgeous, Alexander Organizations: Dallas Mavericks, LA Clippers, American Airlines Center, Los Angeles Clippers, NBA, Dallas, The Mavericks, Clippers, Mavericks, West Group B, 76ers, Pistons, Philadelphia, Detroit, Rockets, Pelicans, Houston, New, Jazz, Grizzlies, Memphis, Celtics, Nets, Boston, Brooklyn, Trendon Watford, Timberwolves, Spurs, Minnesota, Lakers, Suns, Phoenix, Wizards, Washington, Hornets, Charlotte, East Group, Thunder, Sacramento, Oklahoma City, Kings, Group, Thomson Locations: Dallas , Texas, USA, Detroit, New Orleans, Utah, Minnesota, San Antonio, Los Angeles, Washington

Researchers have known for a while that beer production will be affected by climate change, said Mirek Trnka, a professor at the Global Change Research Institute. Political Cartoons View All 1240 Images"If we don’t act, we’re just going to also lose things that we consider not to be, for example, sensitive or related to climate change. Climate change moves faster than we might realize – but still too slowly for many to notice, he said. Hayes kept the card in his office, and has made it his life’s mission to work on improving winter barley. No matter what farmers and companies do with hops and winter barley, climate change may affect what beer-lovers are able to buy in the future.

Persons: crisscrossed Gayle Goschie's, Goschie, Mirek Trnka, we’re, ”, Trnka, Shaun Townsend, Townsend, Kevin Smith, Smith, – Patrick Hayes, Oregon State University –, Hayes, Ashley McFarland, Douglass Miller, ” Hayes, Dee, Ann Durbin, Walling, ___, Melina Walling, Read Organizations: Change Research, Nature Communications, Oregon State University, University of Minnesota, Barley, Molson Coors, Anheuser Busch, Associated, Cornell, Associated Press, AP Locations: ANGEL, Portland , Oregon, Goschie, Willamette, U.S, Europe, Midwest, Detroit, Chicago

☆ Oregon Latest State to Scale Back High School Graduation Tests. Others May Follow.
▼ + stars: | 2023-11-10 | by ( Matt Barnum | ) www.wsj.com time to read: 1 min

Oregon will pause its proficiency requirement for high-school students to graduate through 2028. Photo: BRIAN HAYES/STATESMAN JOURNAL/USA TODAY NETWORKStudents in Oregon will continue to graduate high school without passing an exam or submitting work samples in core subjects, the result of a recent decision that critics say is watering down standards. Leading up to the state board of education meeting last month in Salem, Ore., where board members voted unanimously in favor of waiving the requirement, comments poured in—nearly all of them critical of the graduation proposal.

Persons: BRIAN HAYES Locations: Oregon, Salem, Ore, —

☆ Megan Rapinoe, Emma Hayes and a Women’s Soccer Crossroads
▼ + stars: | 2023-11-10 | by ( Rory Smith | More About Rory Smith | ) www.nytimes.com time to read: +1 min

Emma Hayes first met Megan Rapinoe before she was Megan Rapinoe. Or, rather, just as she was becoming Megan Rapinoe. Rapinoe was not even a professional soccer player back then, not quite. In 2008, she had been appointed head coach and director of soccer operations of the Chicago Red Stars, one of the inaugural franchises in the start-up league Women’s Professional Soccer. The Red Stars drafted Rapinoe second overall ahead of the league’s first season.

Persons: Emma Hayes, Megan Rapinoe, Rapinoe, Hayes Organizations: Chicago Red Stars, Women’s Professional Soccer, University of Portland, Red Stars Locations: California, Chicago, Lake Michigan

☆ 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

The company reported free cash flow of $2.06 billion, compared with $1.72 billion in the prior quarter. The company posted a net loss of $417 million, narrowing from a $2.3 billion net loss from a year-ago period. Advertising revenue at its networks segment declined 12% to $1.71 billion as global conflicts and inflation created an uncertain climate for marketers. The company's streaming unit posted an adjusted core profit of $111 million, compared with a loss of $634 million a year ago. Warner Bros Discovery had 95.1 million global direct-to-consumer customers at the end of the quarter, down from 95.8 million in the previous quarter.

Persons: Mario Anzuoni, Gunnar Wiedenfels, there's, Wiedenfels, David Zaslav, Michael Schulman, Barbie, Thomas Hayes, Samrhitha, Helen Coster, Saumyadeb Chakrabarty, Anil D'Silva, Mark Porter Organizations: Paramount Pictures Studios, REUTERS, Warner Bros Discovery, SAG, Running, HBO, Thomson Locations: Los Angeles , California, U.S, Bengaluru, New York

Covergirl makeup, owned by Coty Inc, is seen for sale in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNov 7 (Reuters) - Coty (COTY.N) on Tuesday raised its annual core sales forecast on the back of higher pricing and strong demand from customers who snapped up the CoverGirl parent's new makeup and fragrance launches. Coty's efforts to launch key products such as Burberry Goddess in its high-end "prestige" category and CoverGirl's Yummy Gloss in the consumer beauty category drove a double-digit increase in these segments. The company now expects fiscal 2024 core like-for-like sales growth between 9% and 11%, compared with its previous outlook of an 8% to 10% rise. On an adjusted basis, Coty earned 12 cents per share, compared with analysts' estimates of 17 cents.

Persons: Andrew Kelly, Laurent Mercier, Z, Coty's, Thomas Hayes, Coty, Ananya Mariam Rajesh, Shounak Dasgupta Organizations: Coty Inc, REUTERS, Coty, Burberry, Reuters, Thomson Locations: Manhattan , New York City, U.S, United States, Europe, Swiss, Bengaluru

In the 16 months since the Supreme Court overturned Roe v. Wade, six states have held direct votes on the future of abortion rights within their borders. And on six occasions, the pro-abortion rights side has prevailed — including in traditionally conservative states like Kentucky. Virginia: “There’s not like a referendum question on the ballot, but it is on the ballot,” Virginia Sen. Tim Kaine told CNN after a backyard rally for Democratic state legislative candidates in September. Though Virginia is now reliably blue in presidential races, its local races are a fierce battleground. Virginia’s off-off-year local elections — held a year after federal midterm elections and featuring no statewide contests — are famously difficult to predict.

Persons: Roe, Wade, “, ” Virginia Sen, Tim Kaine, Joe Biden, Donald Trump, Republican Glenn Youngkin, Terry McAuliffe, —, Youngkin, ”, Andy Beshear, Beshear, Daniel Cameron, Cameron, Matt Bevin, Read Organizations: US Senate, CNN, Democratic, Commonwealth, Republican, Voters Locations: Kentucky, Ohio , Virginia, Pennsylvania, . Virginia, Virginia, Ohio, Midwestern

But they are going only as far as the safest bets in the junk category, bonds rated BB and B. Junk bond spreads, the additional interest rate investors demand over safe Treasury bonds, tightened sharply. The spreads of those rated BB and B, or the higher rungs of junk, had tightened 47-52 basis points last week, according to Informa Global Markets data. Four junk bond issuers – Bombardier (BBDb.TO), Venture Global LNG, Smyrna Ready Mix Concrete and InfraBuild Australia - announced bond offerings on Monday. The spotty access to bond markets does not bode well for poorly rated companies.

Persons: Rick Wilking, ”, Edward Marrinan, Peter Knapp, Winnie Cisar, bode, Morgan Stanley, Moody's, Manuel Hayes, Shankar Ramakrishnan, Paritosh Bansal, Andrea Ricci Organizations: REUTERS, Federal, Nikko Securities Americas, Investors, JPMorgan, Informa, CCC, Bombardier, Venture Global LNG, “, London, Insight Investment, Barclays, Thomson Locations: Westminster , Colorado, Smyrna, Australia

☆ NBA roundup: Knicks top Clippers in James Harden's debut
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +8 min

The Knicks outscored the Clippers 35-21 in the fourth quarter and 69-51 in the second half, spoiling the debut of new Los Angeles acquisition James Harden. Kawhi Leonard scored 18 points while Harden finished with 17 points in 31-plus minutes in his first action since the Philadelphia 76ers dealt him to the Clippers on Oct. 31. Chris Paul finished with 17 points, six assists and five rebounds off the bench, and Klay Thompson had 17 points. Isaiah Stewart contributed 17 points and 11 rebounds, while Ausar Thompson had 16 points, seven rebounds and four steals. Sengun, meanwhile, was the offensive linchpin, pairing a career-high 12 assists with 17 points to help Houston to its third consecutive victory.

Persons: RJ Barrett, Gregory Fisher, James Harden, Barrett, Julius Randle, Mitchell Robinson, Kawhi Leonard, Harden, Anthony Edwards, Edwards, Jaden McDaniels, Rudy Gobert, Jayson Tatum, Jaylen Brown, Porzingis, Nikola Jokic, Julian Strawther, Jordan Hawkins, Brandon Ingram, CJ McCollum, Jamal Murray, Stephen Curry, Chris Paul, Klay Thompson, Dario Saric, Jonathan Kuminga, Looney, Cade Cunningham, Killian Hayes, Isaiah Stewart, Ausar Thompson, Myles Turner, phenom Victor Wembanyama, Doug McDermott, Keldon Johnson, Zach Collins, Wembanyama, Charles Bassey, Luka Doncic, Kyrie Irving, Tim Hardaway, Paolo Banchero, Orlando, Moe Wagner, Cole Anthony, Joel Embiid, Tyrese Maxey, Tobias Harris, De'Anthony Melton, Kyle Kuzma, Jordan Poole, Deni Avdija, Bam Adebayo, Jimmy Butler, Tyler Herro, LeBron James, Giannis Antetokounmpo, Antetokounmpo, Damian Lillard, Cam Thomas, Bridges, Ben Simmons, Zach LaVine, DeMar DeRozan, Coby White, Lauri Markkanen, Jalen Green, Alperen Sengun, Green, Sengun, De'Aaron Fox, Shai Gilgeous, Alexander, Chet Holmgren, Onyeka Okongwu Organizations: New York Knicks, Los Angeles Clippers, USA, Knicks, Clippers, New, Philadelphia 76ers, Timberwolves, Celtics, Boston, Pelicans, Denver, Pelicans ., Nuggets, Warriors, Pistons, Golden State, Detroit, Pacers, Spurs, Tyrese Haliburton, Indianapolis . Indiana, Indiana, San, Mavericks, Luka, Dallas, Orlando, 76ers, Wizards, Philadelphia, Sixers, Milwaukee Bucks, Lakers, Miami, Los, Heat, Bucks, Nets, Milwaukee, Brooklyn, Bulls, Jazz, Chicago, Rockets, Jalen, Houston, Hawks, Oklahoma City, Thomson Locations: New York , New York, USA, Madison, Los Angeles, New York, Minneapolis, Minnesota, New Orleans, Pelicans . New Orleans, Indiana, Antonio, Indianapolis ., San Antonio, Washington, Miami, Utah, Sacramento, Houston, Atlanta

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