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By Harshita Mary Varghese (Reuters) – Alphabet led a Big Tech rally on Wednesday, with its stock hitting a record high after U.S. President-elect Donald Trump picked Federal Trade Commissioner Andrew Ferguson to lead the consumer protection and antitrust agency. Trump tapped Ferguson on Tuesday to replace Lina Khan, whose term as FTC chair has expired. The agency became a political flashpoint under Khan, who promoted antitrust enforcement as a check on corporate power. Several Big Tech firms such as Google-parent Alphabet, Microsoft and Apple faced heightened regulatory pressure from the FTC during her tenure. Ferguson was a “known dissenter” under Khan “and many people feel under his leadership the antitrust case against Alphabet will come to an end”, said Jay Woods, chief global strategist at Freedom Capital Markets. Trump and his team have been broadly critical of Big Tech companies, although some of his most prominent backers were tech executives, and it is unclear how they will approach regulatory and M&A policy for that sector. Alphabet’s shares rose about 5.5% to hit a record high of $195.45. Tesla jumped 4.6%, also to a record high, extending its rally since the Nov. 5 presidential election on bets the EV-maker will benefit from CEO Elon Musk’s close relationship with Trump. Other tech shares also rallied. Microsoft gained 1.2% and Amazon.com and Meta Platforms added 2% each. The latest inflation report raised expectations of an interest-rate cut by the U.S. Federal Reserve later this month, lifting technology stocks. Shares of Alphabet have gained over 10% in the last two days following announcements from the company about its AI agents and quantum-chip breakthrough. Google released the second generation of its Gemini artificial-intelligence model earlier on Wednesday and teased a lineup of new ways to use AI beyond chatbots, including through a pair of eyeglasses. It unveiled a new-generation chip on Monday, which it said helped overcome a key challenge in quantum computing. “What we’re seeing here is Google positioning itself at the bleeding edge of a transformative technology,” said Michael Ashley Schulman, chief investment officer at Running Point Capital. “While Google sometimes has been viewed as ‘behind’ in AI, the recent quantum breakthrough shows us that the company knows how to construct processors,” said Jamie Meyers, senior analyst at Laffer Tengler Investments. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Pooja Desai) Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content. var ytflag = 0;var myListener = function() {document.removeEventListener('mousemove', myListener, false);lazyloadmyframes();};document.addEventListener('mousemove', myListener, false);window.addEventListener('scroll', function() {if (ytflag == 0) {lazyloadmyframes();ytflag = 1;}});function lazyloadmyframes() {var ytv = document.getElementsByClassName("klazyiframe");for (var i = 0; i < ytv.length; i++) {ytv[i].src = ytv[i].getAttribute('data-src');}} Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );
Sean ‘Diddy’ Combs’ third bid to be released on bail won’t be decided until next week
Iranian authorities have lifted a ban on Meta's instant messaging platform WhatsApp and Google Play as a first step to scale back internet restrictions, Iranian state media reported on Tuesday. The Islamic Republic has some of the strictest controls on internet access in the world, but its blocks on US-based social media such as Facebook, Twitter and YouTube are routinely bypassed by tech-savvy Iranians using virtual private networks. "A positive majority vote has been reached to lift limitations on access to some popular foreign platforms such as WhatsApp and Google Play," Iran's official IRNA news agency said on Tuesday, referring to a meeting on the matter headed by President Masoud Pezeshkian. "Today the first step in removing internet limitations... has been taken," IRNA cited Iran's Minister of Information and Communications Technology Sattar Hashemi as saying. Social media platforms were widely used in anti-government protests in Iran. In Septemberm the United States called on Big Tech to help evade online censorship in countries that heavily sensor the internet, including Iran.Supreme Court allows multibillion-dollar class action lawsuit to proceed against Meta
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Pep Guardiola claims three-quarters of the Premier League want to see Manchester City relegated over financial irregularities. But the City boss has vowed to stay on and lift the club back to the top even if they are sent all the way down to the National League. Guardiola ended speculation over his immediate future this week by extending his contract, which had been due to expire at the end of the season, through to the summer of 2027. That has given the club some stability at a time of great uncertainty as they fight 115 charges related to alleged breaches of the Premier League’s financial regulations. City have denied all wrongdoing but their punishment if found guilty could be severe, with demotion even a possibility. Guardiola has strongly defended the club in the past and is happy to continue doing so. The Spaniard said: “I don’t enjoy it, I prefer not to be in that position, but once it’s there I love it because, when you believe in your club, and the people there – I believe what they say to me and the reasons why. “I cannot say yet because we’re awaiting the sentence in February or March – I don’t know when – but at the same time, I like it. “I read something about the situation and how you need to be relegated immediately. Seventy-five per cent of the clubs want it, because I know what they do behind the scenes and this sort of stuff. “I said when all the clubs accused us of doing something wrong, (and people asked) what happens if we are relegated, (I said) I will be here. “Next year, I don’t know the position of the Conference they are going to (put) us, (but) we are going to come up and come up and come back to the Premier League. I knew it then and I feel it now.” The immediate priority for Guardiola, who said his contract negotiations were completed in “just two hours”, is to arrest a run of four successive defeats in all competitions. Yet, ahead of their return to action against Tottenham at the Etihad Stadium on Saturday, the champions continue to grapple with a lengthy injury list. Mateo Kovacic is their latest casualty after sustaining a knock on international duty that could keep him out for up to a month. On the positive side, defenders Nathan Ake, John Stones and Manuel Akanji could feature and Jack Grealish is also closing in on a return after a month out. Much to Guardiola’s frustration, Grealish was called up by England for their recent Nations League games, although he later withdrew. Guardiola said: “I want the best for Jack and I want the best for Jack with the national team but the doctor said to me that he was not ready to play. “I know (England) want him but they have 200 players to select from and Jack was not fit. He had to recover from many things.” Kyle Walker played for England against both Greece and the Republic of Ireland despite limited game time since suffering injury in the October international break. Guardiola said: “If he is fit I like him to play in the national team. It is not a problem, don’t misunderstand me. “Kyle has a dream to make 100 caps for the national team. Do I want to cancel this dream? Absolutely not. “But if you are not fit, if you cannot play here, you cannot play for the national team. It is quite obvious.”SEATTLE (AP) — The Seattle Seahawks took a bumpy path to sole possession of first place in the NFC West. Sunday's 26-21 win over the Jets featured several special teams miscues, including a 99-yard kickoff return for a touchdown by New York. On the flip side, the Seahawks got their second pick-6 in as many weeks and just enough production by Geno Smith and the offense. The Seahawks' uneven performance was characteristic of a season in which they started 3-0, then lost five of six before winning another three in a row to take command of their underachieving division. Seattle (7-5) leads Arizona by one game, with a matchup against the Cardinals looming next weekend. Zach Charbonnet gave Seattle its first lead of the day on an 8-yard touchdown run with 5:37 to go, and the Seahawks' defense capped another strong outing with a game-sealing stop on fourth down. After a sack by Leonard Williams gave the Jets a fourth-and-15 at the 34-yard line, Aaron Rodgers threw a desperation pass to Garrett Wilson that fell incomplete, giving Seattle the ball with 33 seconds left. Williams is on a tear. After losing out on NFC defensive player of the week honors last week to teammate Coby Bryant despite 2 1/2 sacks and four quarterback hits, “Big Cat” had an even better game. Williams finished with two sacks, three tackles for loss, a 92-yard interception return for a touchdown that was the longest pick-6 in NFL history by a defensive lineman, and a blocked extra point. The touchdown was the first of Williams’ career. He became the first player since 1982 with multiple sacks, an interception return for a touchdown and a blocked kick in a game. Maybe this week the league will agree he was the NFC's best defender. The special teams could not have been much worse in the first half. The Seahawks fumbled three kickoffs, losing two, and allowed Kene Nwangwu's 99-yard kickoff return for a TD. Dee Williams fumbled on a kickoff in the first quarter to give New York the ball at the 27-yard line, and four plays later, Rodgers hit Isaiah Davis for a touchdown to give the Jets a 14-0 lead. Laviska Shenault Jr. muffed two kicks and fumbled at the Seattle 38-yard line in the second quarter. Seattle also had an extra point blocked. Smith led his third game-winning drive of the season and his 11th since he became Seattle’s starting quarterback in 2022. Facing the team that drafted him in 2013, Smith went 20 of 31 for 206 yards and a touchdown. For the first time in five weeks, he was not intercepted. The Seahawks trailed by 14 points on two occasions, but Smith brought Seattle back while avoiding the untimely picks that dogged him recently. He threw a 12-yard touchdown pass to A.J. Barner in the second quarter, and led the Seahawks on a go-ahead nine-play, 71-yard touchdown drive late in the fourth quarter. Coach Mike Macdonald and his staff have to address the problem with their kick returners, Shenault and Dee Williams. Two lost fumbles and several muffs could have easily cost Seattle the game. WR DK Metcalf left the game briefly with a knee issue but returned. ... P Michael Dickson was unavailable in the fourth quarter because of back spasms. 38 — The Seahawks decided to go for it on fourth-and-6 at their own 33-yard line with 9:34 left in the game. A primary reason was that Dickson was unavailable to punt because of back spasms. The Jets were flagged for having 12 men on the field after sending a punt returner out, which gave Seattle fourth-and-1 at the 38. The Seahawks got a first down after Jets cornerback Quantez Stiggers was flagged for pass interference on Metcalf, and eight players later, Charbonnet scored to put Seattle ahead. Without going for it on fourth down from their own 38, the Seahawks likely would’ve lost. The Seahawks will seek a season sweep of the Cardinals. AP NFL: https://apnews.com/hub/nfl$120 million of transportation project funding suspended two years as part of Landry tax package
STUTTGART, Germany (AP) — Players from Swiss team Young Boys held up teammate Meschack Elia's shirt as a tribute during their Champions League game at Stuttgart after his son died this week. Lukasz Lakomy gave Young Boys the lead with a powerful long-range shot in the sixth minute Wednesday and ran toward the sideline, where he held up Elia's shirt as his teammates gathered around him. Young Boys said in a statement earlier Wednesday that one of Elia's sons had “died completely unexpectedly following a short illness” in Elia's home country of Congo. The 27-year-old Elia had been informed Tuesday evening and was on his way to Congo to be with his family, the club added. Both teams wore black armbands during the game, and there was a moment of silence before kickoff. Stuttgart won the game 5-1 to leave the Swiss champion with its sixth loss from six games. Young Boys captain Loris Benito said the game and the result meant little to his team in the circumstances. “I honestly have to tell you that this evening is not about sport at all for us, but about the tragedy that we experienced yesterday,” Benito told broadcaster DAZN. “It is so unimaginable and everything else is irrelevant when you experience this.” AP soccer: https://apnews.com/hub/soccer
NoneSM ENERGY APPOINTS DR. ASHWIN VENKATRAMAN TO THE COMPANY'S BOARD OF DIRECTORSNetflix is really pulling out all the stops for their NFL Christmas games. They paid $75 million apiece just to acquire the rights to Kansas City Chiefs vs. Pittsburgh Steelers and Houston Texans vs. Baltimore Ravens. They didn’t stop there, however, as they enlisted none other than the Queen Bey, Beyonce, to perform the halftime show at NRG Stadium in her native Houston. She’s already got one confirmed viewer for that set in Lamar Jackson, and Rob Gronkowski loves the Ravens star QB’s tactics. The two-time NFL MVP (who’s going for his third award this year) spoke candidly about his intentions during Beyonce’s halftime show. So candid, in fact, that the usually reserved Jackson had the reporter pool chuckling to no end. Jackson seemed adamant that he would, indeed “go out there and watch” the performance rather than stay in the locker room as usual. While discussing Jackson’s comments with Up & Adams host Kay Adams, former NFLer turned pundit, Rob Gronkowski, jokingly praised LJ for playing chess, not checkers, in this situation. As Gronk sees it, Jackson has set himself up in a win-win situation by making those comments before the game. As many in the BeeHive can likely attest, watching Beyonce perform is quite an experience. So it’s no surprise that Jackson doesn’t want to miss his first chance at seeing one of her spectacles. There’s little chance that Jackson will actually leave the locker room to watch the show, though we’d expect them to get it on a TV set in there for him and his teammates. Lamar will be locked in on securing a win against the AFC South-leading Houston Texans. Baltimore is still in a Wild Card spot despite beating the Pittsburgh Steelers last week. The Black and Gold men maintain an advantage in conference winning percentage. However, if Baltimore can win its final two games against the Texans and Cleveland Browns, while Pittsburgh drops one to either the Chiefs or the Cincinnati Bengals, the men in purple would be AFC North champs. While he likely wouldn’t admit it, Jackson will probably also be thinking about closing the gap further in this year’s MVP race. Before last weekend, the Buffalo Bills’ Josh Allen was a -1,000 odds favorite. After a shaky game from Allen against a three-win team and an MVP performance in a victory over a 10-win team for Jackson, Allen’s odds have plummeted to -500 .Rocketinvest.com: Revolutionizing Online Trading with Privacy, Simplicity, and Innovation
PITTSBURGH , Dec. 2, 2024 /PRNewswire/ -- The Board of Directors of Wesco International (NYSE: WCC) today declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.4125 per share. The dividend is payable on December 31, 2024 to the holders of record of the common stock at the close of business on December 13, 2024 . In addition, the Board of Directors declared cash dividends on the company's 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock for the period October 1, 2024 through December 31, 2024 . The dividend is $664.0625 per preferred share, or $0.6640625 per depository share, and is payable on December 31, 2024 to holders of record at the close of business on December 13, 2024 . About Wesco Wesco International (NYSE: WCC) builds, connects, powers and protects the world. Headquartered in Pittsburgh, Pennsylvania , Wesco is a FORTUNE 500 ® company with $22 billion in annual sales and a leading provider of business-to-business distribution, logistics services and supply chain solutions. Wesco offers a best-in-class product and services portfolio of Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. The Company employs approximately 20,000 people, partners with the industry's premier suppliers, and serves thousands of customers around the world. With millions of products, end-to-end supply chain services, and leading digital capabilities, Wesco provides innovative solutions to meet customer needs across commercial and industrial businesses, contractors, government agencies, educational institutions, telecommunications providers, and utilities. Wesco operates nearly 800 branches, warehouses and sales offices in more than 50 countries, providing a local presence for customers and a global network to serve multi-location businesses and global corporations. Contact Information Investor Relations Will Ruthrauff Director, Investor Relations 484-885-5648 Corporate Communications Jennifer Sniderman Vice President, Corporate Communications 717-579-6603 View original content to download multimedia: https://www.prnewswire.com/news-releases/wesco-declares-quarterly-dividend-on-common-stock-and-preferred-stock-302319822.html SOURCE Wesco InternationalDanilo Cataldi texted hospitalised Fiorentina teammate Edoardo Bove to say he would score for him, then fulfilled his promise in a 1-0 win over Cagliari. It was Fiorentina's first Serie A match since Bove collapsed on the field during a game against Inter Milan last weekend and was placed in a medically induced coma. The 22-year-old has been awake and alert since last Monday as doctors continue to investigate the cause of his collapse. Cataldi found the top corner midway through the first half on Sunday (Monday AEDT) and that was all Fiorentina needed for their eighth straight win in the Italian league to match the club record set in 1960. After he scored, Cataldi ran towards a TV camera, held up four fingers to match Bove's No.4 jersey, then created a heart symbol with his fingers as he shouted, "I told you. I told you." "I texted him before the match, saying: 'Watch the game on TV because I'm going to score a goal into the top corner'," Cataldi said. "He said it was 'impossible'. We're pleased that he's feeling well and about these three points." Fiorentina, who have a game in hand after the match against Inter was abandoned, moved level on points with third-placed Inter. Fiorentina are three points behind new leaders Atalanta, who are on a nine-game winning streak, and one point behind second-placed Napoli, beaten 1-0 at home by Lazio. Gustav Isaksen scored for Lazio with a long-range shot late in the second half. Lazio also moved level on points with Inter and Fiorentina. Napoli had led for most of the season under first-year coach Antonio Conte but have now lost at home to both Atalanta and Lazio. Lazio have won six of their past seven matches. In other games, Empoli won 4-1 at Hellas Verona and moved up to ninth, and Venezia and Como drew 2-2.
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