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Investors take profits ahead of Holy Week break
The stock market fell below the 6,900 level once more to end the week in the red as investors cashed in on their profits......»»
Trending tickers: Trump Media, Tesla, Bitcoin and DS Smith
Former US president Donald Trump’s media firm, Trump Media & Technology Group, had a successful stock market debut in New York, with shares soaring past.....»»
Bargain hunting ends 2-day slump
The stock market broke out of its two-day slump yesterday as bargain hunters buoyed share prices......»»
Davao LGU to meet with vendors after video of goods’ confiscation went viral
DAVAO CITY (MindaNews / March 25) – The Ancillary Services Unit (ASU) will meet again with vendors after a viral video of cellphone casing merchandise they confiscated near the new Agdao Public Market went viral on social media. “We’ll have a meeting together with the Davao City officials regarding the viral video. We will also […].....»»
Dovish Powell lifts markets to historic highs
Last week, US equities reached new all-time highs, thereby lifting global stock markets. This came on the back of Federal Reserve (Fed) Chair Jerome Powell’s dovish policy statement. In that speech, Powell touted considerable progress in bringing down inflation, notwithstanding the bumps in the road toward the two percent target......»»
Why Trump May Benefit from Truth Social Stock Market Merger
A recent study has shed light on the negative effects of excessive screen time on children’s development. Researchers have found that children who spend extended.....»»
Social Media Firms Shares Soar in Stock Market Debut
India’s GDP Growth Rate Drops to 4.7% in Latest Quarter According to provisional data released by the Central Statistical Office, India’s GDP growth rate has.....»»
Shares gain anew on rate cut hopes
The stock market advanced for a second consecutive session yesterday, buoyed by indications that the vs Federal Reserve will make interest rate cuts later this year......»»
Market slips ahead of US Fed meeting
Share prices pulled back yesterday as investors treaded with caution ahead of the policy meeting of the US Federal Reserve......»»
NBA: Denver back on top as Porter shines in Miami win
Michael Porter Jr. scored 25 points as reigning NBA champions the Denver Nuggets defeated the Miami Heat 100-88 on Wednesday to reclaim top spot in the Western Conference standings. A low-scoring clash between last year’s NBA Finals rivals saw Denver lead for most of the first half before the Heat edge ahead with a third-quarter.....»»
Korea s K.H. Lee seeks happy days ahead of Farmers Insurance Open
Korean star K.H. Lee has gone back to his happy-go-lucky ways as he attempts to regain his place among the upper echelons on the PGA Tour and the world’s Top 50......»»
Stocks bounce back ahead of inflation data
Share prices recovered yesterday, more than making up for the losses on Wednesday, as investors become more convinced that last month’s inflation had eased to within the central bank’s target range.....»»
Stocks rebound on Wall St gains
Local stocks vaulted back to the 6,500 level yesterday as investors cheered Wall Street’s near record performance, although trading volume thinned ahead of the year-end window-dressing......»»
Cloudy year ahead for airlines
As the global demand for air travel surges, it appears safe to assume that airlines are on their way back to cruising altitude in 2024......»»
Tenorio makes PBA comeback after beating Big C
Barangay Ginebra's LA Tenorio will be making his long-awaited comeback to the Philippine Basketball Association (PBA) after successfully beating colon cancer. Tenorio, who underwent a six-month treatment in Singapore, is now in remission and ready to step back onto the court. The 39-year-old point guard expressed his excitement and high spirits ahead of his first game in 10 months. Despite acknowledging the challenge of readjusting to competitive basketball, Tenorio is determined to fit in seamlessly with his teammates. He also expressed his gratitude to his family, friends, management, coaches, and the entire sports community for their support during his recovery. Tenorio, known as the Iron Man for his impressive streak of 744 consecutive games in the PBA, had his streak interrupted due to a groin injury and subsequent cancer diagnosis. During his time away from the game, he served as an assistant coach for Gilas Pilipinas in the 19th China Asian Games, where the Philippines emerged victorious......»»
Malta hosts fresh round of Ukraine-backed peace talks
A third round of Ukrainian-backed peace talks opened in Malta Saturday with representatives from more than 60 countries but without Moscow, which denounced it as a "blatantly anti-Russian event". Ukrainian President Volodymyr Zelensky addressed the first of two days of closed-door talks among national security and policy advisors, which he hopes will drum up support for his 10-point plan to end the war. In a statement on social media afterward, he said 66 countries had taken part in the talks, proof that his plan "has gradually become global". It follows similar meetings in Jeddah and Copenhagen this summer, with the Ukrainians hoping to eventually hold a summit at the level of heads of state. "The meeting confirmed the broad interest and increasing support for the key elements of Ukraine's Peace Formula," an EU official said Saturday. Against the backdrop of the Hamas-Israel war, it also showed "that restoration of just peace is important beyond Ukraine -- it is about a global plea for respect of international law". Russian foreign ministry spokeswoman Maria Zakharova however has dismissed the Malta talks as a "blatantly anti-Russian event". They had "nothing to do with the search for a peaceful resolution", she said on Thursday. "Obviously such gatherings have absolutely no perspective, they are simply counterproductive." China absent Participants in Malta included the United States, the EU, and Britain, staunch supporters of Kyiv following Russia's February 2022 invasion. Turkey, which has offered itself as a mediator between Ukraine and Russia, was also represented, according to a list seen by AFP before the talks opened. So too were South Africa, Brazil, and India -- all members of the influential BRICS bloc, which also includes Russia. South Africa and India have not condemned Russia's invasion, while Brazil has refused to join Western nations in sending arms to Ukraine or imposing sanctions on Moscow. China, which insists it is neutral and refuses to criticize the invasion, did not attend, despite being present in Jeddah in August, according to the EU official. Organizers were hoping for a joint statement from the Malta summit after both previous meetings ended without a final declaration. Andriy Yermak, the head of Ukraine's presidential office, said on Telegram that the discussions on Saturday were "lively" and focused on five key areas, notably the issue of Ukraine's territorial integrity. Zelensky's peace plan calls for Russia to withdraw all its troops from Ukraine's internationally recognized borders, including from the territory of Crimea, which it annexed in 2014. Russia, which claimed last year to have annexed the four Ukrainian regions of Lugansk, Donetsk, Kherson, and Zaporizhzhia, has rejected any settlement that would involve giving up land. The Malta talks are also looking at nuclear security, notably the need to ensure the safety of the Zaporizhzhia nuclear power plant, and how to protect Ukraine's energy infrastructure as winter approaches. The issue of food security was also on the agenda, as Russia blocks grain exports from Ukraine; and humanitarian issues, including the release of prisoners and the return of Ukrainian children to taken to Russia. "Russia will have to give in to the international community. It will have to accept our common conditions," Yermak said. Both Russia and Ukraine are preparing for a grueling winter ahead, with Ukraine warning of renewed strikes on its energy infrastructure and Russia pushing back against Kyiv's counteroffensive. The post Malta hosts fresh round of Ukraine-backed peace talks appeared first on Daily Tribune......»»
New U.S. speaker rallies support for Israel
The United States House of Representatives is back in business with the newly-elected Republican speaker, Mike Johnson, introducing a resolution supporting Israel in its war with Palestinian terrorist group Hamas. The resolution passed with support from all but nine Democrats and just one Republican dissenter. The first successful act of Johnson signals a stable leadership despite being the least experienced speaker in the post Civil War era, having never chaired a committee or held a senior leadership role. “We all know that the world is in turmoil — but a strong America is good for the entire world,” Johnson told lawmakers after his election on Wednesday that ended the paralysis of Congress. Biden congratulated the new speaker and vowed to work with him, adding that the US now needed “to move swiftly to address our national security needs and to avoid a shutdown.” Ahead of the filing of the Israel resolution, the Louisiana congressman said in his acceptance speech that the bill is overdue as America’s “greatest ally in the Middle East is under attack.” The little-known ally of Donald Trump who spearheaded legal efforts to overturn the 2020 election won the unanimous support of his party to replace Kevin McCarthy who was ousted in a right-wing coup on 3 October. The post New U.S. speaker rallies support for Israel appeared first on Daily Tribune......»»
Error-prone AI chatbot dog leads Japan’s elderly astray
A cartoon canine AI chatbot designed to cheer up and inform lonely older residents of western Japan is in the doghouse after providing error-laden responses. Powered by generative artificial intelligence, "Dai-chan" was this year launched by Osaka authorities who called it the first of its kind in a country where one in 10 people is age 80 or older. But the chatbot, which features a Shiba Inu cartoon dog and answers in the Osaka dialect, has shown itself far from faithful to the truth. When a user asked about the World Expo planned in Osaka in 2025, the dog incorrectly responded that the event was cancelled. That answer gained public attention, with Japanese newspapers and broadcasters reporting on the dog who got the wrong end of the stick. "Dai-chan, you're good," one social media user joked. Despite slow progress and budget challenges, the world fair is still scheduled to go ahead. Among other incorrect answers, Dai-chan said the "G7 foreign ministers' meeting will be held on November 4" rather than the slated November 7-8. Asked by an AFP reporter if the mooted Sapporo Olympic Games will be pushed back, the bot dog said: "The Sapporo Olympics is postponed! It's not cancelled so I look forward to it!" Earlier this month, the Japanese Olympic Committee said Sapporo had given up its bid for the 2030 Winter Olympics as public support for hosting the games waned after a string of corruption scandals over the 2020 Tokyo Games. Asked about the decision, Dai-chan responded: "The Olympic Committee decided to postpone! It is a decision considering safety! Good job, the Olympic Committee!" The government has defended the chatbot. Its purpose "is to broaden communication base for elderly people and not to give correct answer every time, and users seem to be enjoying Dai-chan with an understanding of the limits of what generative AI can do," an Osaka official in charge of the project told AFP. "Dai-chan is designed as a talking dog that is 10 years old (in terms of human intelligence) tasked with preventing elderly residents from becoming isolated," Osaka governor Hirofumi Yoshimura told Japanese media. Asked by AFP for his reaction, Dai-chan said: "Yes, yes, I often make mistakes, but it's a bit hard that people report about it. But making mistakes is part of growth, isn't it?" The post Error-prone AI chatbot dog leads Japan’s elderly astray appeared first on Daily Tribune......»»
Meta quarterly profit jumps but it sees volatility in ad market
Meta on Wednesday reported that its quarterly profit more than doubled from last year's figure as it looks ahead at a volatile ad market and lawsuits accusing it of profiting from "children's pain." "Meta earnings looked pretty good," said independent tech analyst Rob Enderle. "They have clearly cut back on the bleeding surrounding their metaverse efforts and the company appears to be on a more even keel right now." The tech giant said it made a profit of $11.6 billion as ad revenue climbed 23 percent to $34 billion when compared to the same period a year earlier. "We had a good quarter for our community and business," said Meta chief executive Mark Zuckerberg. The number of people using Facebook monthly rose slightly to 3.05 billion in a year-over-year comparison while monthly active users of Meta's "family" of apps was 3.96 billion a 7 percent increase from the same quarter in 2022, the company reported. Meta said it had trimmed costs, with layoffs and other belt-tightening measures started last year providing "greater efficiency." Meta had suffered a rough 2022 amid a souring economic climate and Apple's data privacy changes, which allowed users to block ad targeting, the pillar of Meta's business. Meta's vow of austerity on spending brought an unprecedented round of cost-cutting that saw the company lay off tens of thousands of workers since last November. Meta shares, which closed the formal trading day down, fell more than three percent further in after-hours trades to $289.50. Chief financial officer Susan Li said during an earnings call that Meta is seeing "volatility" in an ad market that started to soften when the conflict between Israel and Hamas began. "It's hard for us to attribute demand softness directly to any specific geopolitical event," Li said. "We have seen broader demand softness follow other regional conflicts in the past, such as in the Ukraine war, so this is something that we're continuing to monitor." Lawsuit peril Analyst Enderle maintained that Meta is at risk from lawsuits poised to damage its image and its wallet. Dozens of US states this week accused Meta of profiting "from children's pain," damaging their mental health and misleading people about the safety of its platforms. "In seeking to maximize its financial gains, Meta has repeatedly misled the public about the substantial dangers of its Social Media Platforms," argued a joint lawsuit filed in federal court in California. The states accused Meta of exploiting young users by creating a business model designed to maximize time they spend on the platform despite harm to their health. In total more than 40 states are suing Meta, though some opted to file in local courts rather than join in the federal case. Meta said the states were singling it out unfairly instead of working with social media companies to develop universal standards for the whole industry. "This landmark lawsuit could herald a seismic shift in how social media platforms approach product features and user engagement," said Insider Intelligence principal analyst Jeremy Goldman. "That said, even as tech stocks face uncertainty, Meta's consistent performance cements its leadership in the digital realm." Meanwhile, the European Union is seeking details on measures Meta has taken to stop the spread of "illegal content and disinformation" in light of the conflict between Israel and Hamas. The AI race The tech giant is putting artificial intelligence into digital assistants and smart glasses as it seeks to gain lost ground in the AI race. "I'm proud of the work our teams have done to advance AI and mixed reality with the launch of Quest 3, Ray-Ban Meta smart glasses, and our AI studio," Zuckerberg said in the earnings release. The second-generation Meta Ray-Ban smart glasses made in a partnership with EssilorLuxottica have a starting price of $299. "Smart glasses are the ideal form factor for you to let AI assistants see what you're seeing and hear what you're hearing," Zuckerberg said. Meta has taken a more cautious approach than its rivals Microsoft, OpenAI, and Google to push out AI products, prioritizing small steps and making its in-house models available to developers and researchers. "The majority of the world's population will have their first experience of generative artificial intelligence with us," Meta chief technology officer Andrew "Boz" Bosworth told AFP in a recent interview. Meta recently unveiled AI-infused chatbots with personalities, along with tools for creating images or written content using spoken prompts. The post Meta quarterly profit jumps but it sees volatility in ad market appeared first on Daily Tribune......»»
Govt. to boost agri, fishery sectors
President Ferdinand Marcos Jr. on Wednesday underscored the need to address the systemic issues plaguing Philippine agriculture for years due to the longstanding neglect of this sector. During his speech at the 70th anniversary of the Federation of Free Farmers (FFF) in Quezon City, Marcos Jr said the welfare of farmers and fisherfolk has been forgotten for decades, dating back to the inception of agricultural reform during his father and namesake's tenure. "We have a significant amount of work ahead of us because we need to fix the entire agricultural system that has been neglected for a long time, perhaps since the start of agricultural reform, during (the late President Ferdinand Marcos Sr.'s) time," Marcos Jr. said. "Now, many changes have occurred, the world has changed, and it has revolved several times. Therefore, we need to examine the needs of our farmers and fishermen to improve their lives because we often hear that we need to increase our yield, improve our harvest, and our productivity," he added. The latest data from the Philippine Statistics Authority showed that agricultural production in the country decreased by 1.3 percent during the year's second quarter. The figures unveiled by the PSA showed that the production value in agriculture and fisheries, calculated at constant 2018 prices, totaled P427.69 billion, a decline from the P433.10 billion recorded during the same period the previous year. Minimum wages for agricultural laborers in the Philippines vary by region, ranging from P306 in the Bangsamoro Autonomous Region in Muslim Mindanao to P573 in the National Capital Region. These wage rates, determined by tripartite boards, differ based on the specific region. “But let's not forget that the livelihood of our farmers and fishermen should also be taken care of and improved because that is our goal for all our farmers and fishermen,” Marcos said. Marcos emphasized the pressing need for his administration to boost the agricultural sector, with more than P92 billion set aside for upcoming agri-fisheries projects next year. Additionally, the Department of Agriculture has allotted P4.73 billion to improve large-scale agriculture and fishery mechanization and modernization, aiming to decrease post-harvest losses and cost-effectively enhance farmers' yields. However, the President underlined the enormity of the task ahead and called upon the public for their support and collaboration. "So, this is a massive task. That's why we need your help because the government alone cannot do all of this. We need your diligence, we need your advice because you are the ones facing the problems in agriculture that we are going through now,” Marcos said. “Rest assured, your government is here to do everything in its power to assist our farmers in producing a bountiful harvest, catching enough fish for our fellow citizens, and selling these products at prices affordable to our people,” Marcos added. The post Govt. to boost agri, fishery sectors appeared first on Daily Tribune......»»