headlines...by halloapp

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11-26-2023

TECH

• Sam Altman, CEO of OpenAI, was fired and then rehired within five days due to concerns about his communication skills, but his charisma and leadership qualities were praised.

• Elon Musk’s social media platform X faces potential loss of $75 million in ad revenue as major brands pause campaigns over antisemitic content.

• Companies like CrowdStrike, Salesforce, and Dell are set to release their quarterly earnings reports, with a focus on cybersecurity and potential slower sales growth.

• Huawei and Changan Auto are creating a joint company to research, develop, produce, and sell intelligent automotive systems in China.

• China’s tech crackdown and US-China tensions have caused American venture capital firms to look for investment opportunities outside of China.

• Mark Zuckerberg, CEO of Meta, has a daily routine that involves checking Facebook, Messenger, and WhatsApp, working out with MMA training, and wearing the same outfit every day.

MEDIA

• Matthew Hedges, a British academic who was jailed in the UAE, urges UK government to delay Telegraph sale to Abu Dhabi-led fund due to concerns over freedom of speech. Tory concern grows over potential sale to Abu Dhabi-backed bid, with worries about foreign control and split within government. Ownership of Telegraph newspaper fiercely contested, causing uncertainty for UK Conservatives. Concerns rise over potential acquisition of Daily Telegraph by UAE-backed consortium, with possible investigation by Ofcom and warnings of implications for press freedom.

• Andrei Vasilevskiy’s return from a back injury propelled the Tampa Bay Lightning to an 8-2 victory against the Carolina Hurricanes.

• TV producer Marty Krofft, co-creator of children’s shows like “H.R. Pufnstuf” and “Land of the Lost,” dies at 86 from kidney failure in Los Angeles.

• Randy Orton and CM Punk made surprising returns to WWE Survivor Series 2023, with Orton participating in a men’s WarGames match and Punk leaving fans in a frenzy.

• Maryland men’s basketball team defeats South Alabama 68-55 with strong performances from transfer player Geronimo and Julian Reese.

• Former Tottenham player and manager Terry Venables has died at 80. Today’s match will honor him. He led England to the Euro 96 semi-finals.

• Omid Scobie’s book “Endgame” criticizes Prince William for portraying Prince Harry as mentally fragile and discusses palace machinations.

• ”Beyoncé’s concert documentary ‘Renaissance: A Film by Beyoncé’ provides an intimate behind-the-scenes look at her world tour and personal life.”

• Michigan State University hires Jonathan Smith, former head coach of Oregon State, to lead their struggling football program.

CONSUMER

• Retail365 highlights the best Black Friday and Cyber Monday deals for Lenovo laptops and tablets, Xbox controllers, Dell Alienware gaming PCs, graphics cards, couches, and more.

• The 20th Annual Holiday Stroll in Eastern Connecticut celebrated Small Business Saturday, highlighting the positive impact of local businesses. Shoppers bought whiskey from a Somerset County distillery and imported items from a store in Johnstown. In West Reading, PA, a large turnout was seen as shoppers recognized the value of supporting local businesses. In Irwin, Pennsylvania, customers flocked to downtown stores to support local businesses. Small Business Saturday is expected to make a significant contribution to holiday sales this year. The Anderson Farmer’s Market hosted a Small Business Saturday event, providing a platform for local businesses. Independent retailers are preparing for Small Business Saturday and WIRED highlights favorite small businesses with online marketplaces.

• A fire in a shopping mall in Karachi, Pakistan kills at least 9-11 people and injures over 20-35. Cause is unknown.

• Nike, Inc. will pay a dividend of $0.37 per share, while Nelnet, Inc. will pay $0.28 per share in dividends.

• Mr Price Group Limited will pay a dividend of ZAR2.84, 9.3% lower than last year, with a dividend yield of 4.8%. KAL Group Limited will increase its dividend to ZAR1.30, making it 4.9% of the stock price.

• Bernard Arnault, CEO of LVMH, a luxury conglomerate, has a family-run business and his son Antoine is stepping down as CEO of Berluti. Arnault is the third wealthiest person.

REAL ESTATE

• Signa, Austria’s largest privately-owned real estate company, is in talks to secure funding and avoid insolvency amid bankruptcy filing.

• Silvercrest Asset Management Group Inc. has 64% ownership by institutional investors, while Cromwell European Real Estate Investment Trust has 45% ownership.

• A 3D-printed apartment building in Lünen, Germany, with rent capped at $528 per month, will be completed by November 2024.

TRAVEL

• The article lists 10 luxury resorts for 2024, such as Soneva Fushi in Maldives and Fifth Avenue Hotel in NYC.

ECONOMIC

• Kraft Heinz, LifeVantage, Mercantile Bank, M&T Bank, Orange County Bancorp, BayFirst Financial, Associated Banc-Corp, First Financial Bancorp, Peoples Bancorp, Middlefield Banc Corp., Nicolet Bankshares, McDonald’s, Bank of America, and General Motors will all trade ex-dividend soon.

• Vector Group Ltd. (NYSE:VGR) will trade ex-dividend in three days, with a dividend of US$0.20 per share. ManpowerGroup Inc. (NYSE:MAN) will also trade ex-dividend in three days, with a dividend payment of US$1.47 per share. United Fire Group, Inc. (NASDAQ: UFCS) will trade ex-dividend in three days, with a dividend payment of US$0.16 per share. Progress Software Corporation (NASDAQ: PRGS) is about to trade ex-dividend, with a dividend payment of US$0.17 per share on December 15th. DFS Furniture plc (LON:DFS) is set to trade ex-dividend in 3 days, with a dividend of UK£0.03 per share. Principal Financial Group, Inc. (NASDAQ: PFG) will go ex-dividend in four days, with a dividend payment of US$0.67 per share.

• Hamilton Beach Brands Holding Company (NYSE:HBB) will trade ex-dividend in 3 days, with a dividend payment of US$0.11 per share on an unspecified date. The Hartford Financial Services Group, Inc. (NYSE:HIG) is about to pay a dividend of US$0.47 per share on January 3rd. Houlihan Lokey, Inc. (NYSE:HLI) is set to go ex-dividend on December 15th, with a dividend payment of US$0.55 per share. Stifel Financial Corp. is set to trade ex-dividend on December 15th, with a dividend payment of US$0.36 per share. MidWestOne Financial Group is set to go ex-dividend on December 15th, with a dividend payout of $0.24 per share.

• US dollar expected to strengthen against Japanese yen, Australian dollar rallying but below key levels, Bank of Japan unlikely to tighten policy.

CRYPTO

• A Bitcoin user mistakenly paid a record-breaking $3 million in transaction fees, while the recipient only received $2 million.

HEALTH

• China’s health ministry attributes the surge in respiratory illnesses to known pathogens, particularly influenza, and calls for more fever clinics. The World Health Organization requests more information.

• Palestinians in Gaza search for aid and assess damage during a truce, facing dire conditions and limited access to necessities.