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Video Game Performers Will Strike Over AI concerns
LOS ANGELES (AP) — Hollywood’s video game performers announced they would go on strike Thursday, throwing part of the entertainment industry into another work stoppage after talks for a new contract with major game studios broke down over artificial intelligence protections. The strike — the second for video game voice actors and motion capture performers under the Screen Actors Guild-American Federation of Television and Radio Artists — will begin at 12:01 a.m. Friday. The move comes after nearly two years of negotiations with gaming giants, including divisions of Activision, Warner Bros. and Walt Disney Co., over a new interactive media agreement. SAG-AFTRA...
Widespread Gains Send Wall Street Higher To Close a Shaky week
NEW YORK (AP) — U.S. stocks are rallying in near unison on Friday as they close out a bumpy week that had been dominated by sharp, market-cleaving swings. The S&P 500 was 1.3% higher in afternoon trading following stronger-than-expected profit reports from 3M and several other big companies. The Dow Jones Industrial Average was up 746 points, or 1.9%, as of 12:13 p.m. Eastern time, and the Nasdaq composite was 1.1% higher. The market’s gains were widespread, including both Big Tech behemoths and smaller stocks . That’s a departure from much of the week, where a divide deepened between the handful of elite stocks...
Small Stocks Are About to Take over? Wall Street Is Unconvinced...
NEW YORK (AP) — Suddenly, smaller stocks seem to be making bigger noise on Wall Street. After getting trounced by their larger rivals for years, some of the smallest stocks on Wall Street have shown much more life recently. Hopes for coming cuts to interest rates have pushed investors to look at smaller stocks through a different lens. Smaller companies, which often carry heavy debt burdens, can feel more relief from lower borrowing costs than huge multinationals. Plus, critics said the Big Tech stocks that had been carrying the market for years were looking expensive after their meteoric rises. The small stocks in...
US Economic Growth Increased Last Quarter to a Healthy 2.8%
WASHINGTON (AP) — The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of continually high interest rates. Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — picked up in the April-June quarter after growing at a 1.4% pace in the January-March period. Economists had expected a weaker 1.9% annual pace of growth. The GDP report also showed that inflation continues to ease, while still remaining above the Federal Reserve’s 2% target. The central bank’s favored inflation gauge...
Global Shares Tumble after Big Tech’s Wipeout on Wall Street
TOKYO (AP) — Global shares retreated on Thursday, with Tokyo’s benchmark losing more than 1,300 points at one point and closing down more than 3%, as pessimism set in over a nose-dive on Wall Street. France's CAC 40 slipped 1.5% in early trading to 7,400.08. Germany's DAX fell 1.2% to 18,161.70, while Britain's FTSE 100 shed 1.1% to 8,066.27. The future for the S&P 500 fell 0.2% while that for the Dow Jones Industrial Average rose 0.2%. U.S. stock indexes suffered their worst losses since 2022 after profit reports from Tesla and Alphabet helped suck momentum from Wall Street’s frenzy around artificial-intelligence technology. In...
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