sports pictures
NEW YORK (AP) — U.S. stocks climbed after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected. The S&P 500 pulled 0.5% higher Thursday after flipping between modest gains and losses several times in the morning. The Dow Jones Industrial Average jumped 1.1%, and the Nasdaq composite edged up less than 0.1%. Banks, smaller companies and other areas of the stock market that tend to do best when the economy is strong helped lead the way, while bitcoin briefly broke above $99,000. Crude oil, meanwhile, continued to rise. Treasury yields edged higher in the bond market. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stocks are climbing Thursday after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected. The S&P 500 was pulling 0.7% higher, as of 2:45 p.m. Eastern time, after flipping between modest gains and losses several times in the morning. Banks, smaller companies and other areas of the stock market that tend do best when the economy is strong helped lead the way, while bitcoin briefly broke above $99,000. Crude oil, meanwhile, continued to rise. The Dow Jones Industrial Average jumped 532 points, or 1.2%, and the Nasdaq composite gained 0.2%. Nvidia's rise of 1.4% was the strongest force pushing the S&P 500 upward after yet again beating analysts’ estimates for profit and revenue. It also gave a forecast for revenue in the current quarter that topped most analysts’ expectations thanks to voracious demand for its chips used in artificial-intelligence technology. Its stock initially sank in afterhours trading Wednesday following the release of the results. Some investors said the market might have been looking for Nvidia's revenue forecast to surpass expectations by even more. But its stock recovered in premarket trading Thursday, and Wedbush analyst Dan Ives said it was another “flawless” profit report provided by Nvidia and CEO Jensen Huang, whom Ives calls “the Godfather of AI.” How Nvidia’s stock performs has tremendous impact because it’s quickly grown into Wall Street’s most valuable company at roughly $3.6 trillion. Its meandering up and down through the day dragged the S&P 500 and other indexes back and forth. The frenzy around AI is sweeping up other stocks, and Snowflake jumped 32.3% after reporting stronger results for the latest quarter than analysts expected. The company, whose platform helps customers get a better view of all their silos of data and use AI, also reported stronger revenue growth than expected. BJ’S Wholesale Club rose 9.1% after likewise delivering a bigger profit than expected. That may help calm worries about how resilient U.S. shoppers can remain, given high prices across the economy and still-high interest rates. A day earlier, Target tumbled after reporting sluggish sales in the latest quarter and giving a dour forecast for the holiday shopping season. It followed Walmart , which gave a much more encouraging outlook. Nearly 90% of the stocks in the S&P 500 were also rising, and the gains were even bigger among smaller companies. The Russell 2000 index of smaller stocks jumped a market-leading 1.9%. Google’s parent company, Alphabet, helped keep indexes in check. It fell 5.5% after U.S. regulators asked a judge to break up the tech giant by forcing it to sell its industry-leading Chrome web browser. In a 23-page document filed late Wednesday, the U.S. Department of Justice called for sweeping punishments that would include restrictions preventing Android from favoring its own search engine. Regulators stopped short of demanding Google sell Android but left the door open to it if the company’s oversight committee continues to see evidence of misconduct. Drops for other Big Tech stocks also weighed on the market, including a 2.4% slide for Amazon. In stock markets abroad, shares of India’s Adani Enterprises plunged 22.6% Thursday after the U.S. charged founder Gautam Adani, 62, in a federal indictment with securities fraud and conspiracy to commit securities and wire fraud. The businessman and one of the world’s richest people is accused of duping investors by concealing that his company’s huge solar energy project on the subcontinent was being facilitated by an alleged bribery scheme. Indexes elsewhere in Asia and Europe were mixed. In the crypto market, bitcoin eclipsed $99,000 for the first time before easing back to roughly $98,250, according to CoinDesk. It’s more than doubled so far this year, and its climb has accelerated since Election Day. President-elect Donald Trump has pledged to make the country “the crypto capital of the planet” and create a “strategic reserve” of bitcoin. Bitcoin also got a boost after Gary Gensler, the chair of the Securities and Exchange Commission who has pushed for more protection for crypto investors, said he would step down in January . Bitcoin and related investments, of course, have a notorious history of big price swings in both directions. MicroStrategy, a company that's been raising cash expressly to buy bitcoin, saw an early gain of 14.6% for its stock on Thursday quickly disappear. It was most recently down 10.7%. In the oil market, a barrel of benchmark U.S. crude rose 2% to bring its gain for the week to 4.8%. Brent crude, the international standard, climbed 1.8%. Oil has been rising amid escalations in the Russia-Ukraine war. In the bond market, Treasury yields edged higher following some mixed reports on the U.S. economy. The yield on the 10-year Treasury rose to 4.43% from 4.41% late Wednesday. One report said fewer U.S. workers applied for unemployment benefits last week in the latest signal that the job market remains solid. Another report, though, said manufacturing in the mid-Atlantic region unexpectedly shrank. Sales of previously occupied homes, meanwhile, strengthened last month by more than expected. ___ AP Business Writers Matt Ott and Yuri Kageyama contributed. Stan Choe, The Associated Press
Qatar tribune Tribune News Network Amman, Jordan The West Asian Football Federation Foundation (WAFF Foundation) and Generation Amazing Foundation (GA) have announced a new phase of their partnership, formalised through a Memorandum of Understanding (MoU) signed in Aqaba, Jordan on November 23. This milestone highlights the commitment of both foundations to supporting marginalised and refugee communities in the West Asian region through the transformative power of sport. The signing ceremony, attended by Khalil Al Salem, general secretary of WAFF Foundation, and Nasser Al-Khori, executive director of GA, paves the way for sustainable, long-lasting social development across West Asia. At the heart of this effort, two Generation Amazing Community Clubs (GACCs) are being established in underserved areas of Jordan – Aqaba and Baqaa – where sport will be used to address challenges faced by young people in employment, education and psychosocial well-being. Together, the GACCs aim to positively impact over 4,000 youth. At the signing, Khalil Al Salem welcomed the new collaboration, stating: “At WAFF Foundation, we deeply recognize the vital role football plays as a catalyst for development. This understanding drives us to broaden our collaborative horizons, which is why we’re thrilled to join hands with Generation Amazing Foundation—a partner dedicated to meaningful and impactful work with a mission of real substance. Through this agreement, we aspire to create a lasting, sustainable impact that resonates with the values we champion in developmental and social endeavours. This partnership represents an important step in our journey toward a comprehensive and enduring strategy for social responsibility, perfectly aligned with our core objectives.” In response, Nasser Al-Khori remarked: “We are thrilled to deepen our partnership with WAFF Foundation, building on the pitches GA introduced over a decade ago in Aqaba and Baqaa, Jordan—a country that hosts many refugees and displaced people. These pitches have already impacted thousands of lives, and by elevating them into fully developed GACCs, we are amplifying our reach. Through sport, we are committed to empowering more young people, enhancing well-being, resilience, and leadership across the region.” On the day of the signing, WAFF Foundation and GA Foundation officially launched the GACC in Aqaba. Hosted at the Al Shamiya field, the event brought together representatives from various community organisations and included traditional games and activities with active participation from local communities in Aqaba. Following the launch, GA Master Coach Hamad Abdulaziz has been delivering a four-day training session to 30 coaches from Aqaba and Baqaa on GA’s Sport for Development modules, including the Psychosocial Support and Mental Wellbeing module, which uses sport to foster positive behaviours and build resilience among young people. The comprehensive training model combines practical, hands-on learning with a focus on social impact, enabling trainees to go on to effectively plan, design, and deliver football-based sessions that address social issues in their communities. “It’s an honour to work with coaches who are dedicated to making a difference in their communities. This training goes beyond teaching sport; it’s about building resilience, developing life skills, and inspiring young people to overcome challenges, so that they may go on to identify and tackle obstacles for the betterment of their communities,” said Master Coach Hamad. “I’m excited to see the impact these coaches will create as they bring the Generation Amazing Sport for Development model to the community in Aqaba and Baqaa.” Copy 25/11/2024 10
Horoscope Today, December 30: Gemini to complete pending EMI's; know about other zodiac signsThe AI Smartphones That Never Arrived: 2024’s Unfulfilled Promises