WTA chief executive appointed only in June 2024 Tour needs to fine new venue for flagship event A number of top players on the WTA tour expressed their surprise at the abrupt decision by WTA chief executive, Portia Archer, to resign from her role this week after two years at the helm. “I heard literally two minutes ago, so I really don’t know why now and everything,” said Iga Swiatek after winning...
WTA chief executive appointed only in June 2024 Tour needs to fine new venue for flagship event A number of top players on the WTA tour expressed their surprise at the abrupt decision by WTA chief executive, Portia Archer, to resign from her role this week after two years at the helm. “I heard literally two minutes ago, so I really don’t know why now and everything,” said Iga Swiatek after winning her first-round match 6-1, 6-2 against Daria Snigur at the Madrid Open. “We always had a good relationship. I felt like she listened to what we had to say and was really open-minded.” Continue reading...
The United States market has shown positive momentum, with a 1.7% increase over the last week and a substantial 34% rise over the past year, alongside an anticipated annual earnings growth of 16%. In this thriving environment, growth companies with high insider ownership can be particularly appealing as they often indicate strong confidence from those closest to the business, aligning well with cu...
The United States market has shown positive momentum, with a 1.7% increase over the last week and a substantial 34% rise over the past year, alongside an anticipated annual earnings growth of 16%. In this thriving environment, growth companies with high insider ownership can be particularly appealing as they often indicate strong confidence from those closest to the business, aligning well with current market trends.
Meta Platforms Inc. plans to cut 10% of workers, or roughly 8,000 employees, in an effort to boost efficiency and offset its heavy spending on artificial intelligence. The company disclosed the move in a memo sent to employees Thursday, saying the layoffs will come on May 20. Meta also won’t hire workers for 6,000 open roles that it had intended to fill. The job cuts come as Chief Executive Office...
Meta Platforms Inc. plans to cut 10% of workers, or roughly 8,000 employees, in an effort to boost efficiency and offset its heavy spending on artificial intelligence. The company disclosed the move in a memo sent to employees Thursday, saying the layoffs will come on May 20. Meta also won’t hire workers for 6,000 open roles that it had intended to fill. The job cuts come as Chief Executive Officer Mark Zuckerberg is spending aggressively on the talent and infrastructure needed to develop state-of-the-art artificial intelligence products, including large language models and chatbots. Meta already projected record capital expenditures this year, and has announced several multibillion-dollar deals with AI partners over the past few months. Employees have been encouraged to use AI agents internally to help with writing code and other tasks. Meta alluded to its AI spending in the memo, which was written by Janelle Gale , chief people officer. “We’re doing this as part of our continued effort to run the company more efficiently and to allow us to offset the other investments we’re making,” she wrote in the note, which was reviewed by Bloomberg. Meta employees have spent much of the year fretting about job cuts, which already hit the Reality Labs division and other teams. Gale said that the company was announcing the layoffs early since details of the plan had already leaked. Reuters first reported on Meta’s planned workforce reductions earlier this month. “I know this is unwelcome news and confirming this puts everyone in an uneasy state, but we feel this is the best path forward, given the circumstances,” Gale wrote. Other big tech companies are making cuts in the face of booming AI spending. Microsoft Corp. offered voluntary retirement to thousands of US employees on Thursday. Read More: Microsoft Offers Buyouts to About 7% of US Workers Meta had almost 79,000 employees at the start of the year. The company is scheduled to report first quarter earnings next week. Read ...
Albert Manifold and his board refused to put a request from investor group on annual meeting agenda – leading to an investor revolt BP has fresh faces in the boardroom and a rigged strategy: it’s pivoting back to oil and gas and away from its low-carbon assets in an attempt to improve a weak share price . One can agree or disagree with the approach. But it was a silly act of overreach for a newish...
Albert Manifold and his board refused to put a request from investor group on annual meeting agenda – leading to an investor revolt BP has fresh faces in the boardroom and a rigged strategy: it’s pivoting back to oil and gas and away from its low-carbon assets in an attempt to improve a weak share price . One can agree or disagree with the approach. But it was a silly act of overreach for a newish chair to try to stifle debate on such matters. That, in effect, was what Albert Manifold did when he excluded a resolution for Thursday’s annual meeting from Follow This, a Dutch investor group. The proposal itself cannot be described as explosive. It was pitched in investor-friendly terms and would merely have obliged BP to describe how it would protect shareholder value if demand for oil and gas falls. Nor is Follow This some two-bob outfit within the ranks of climate groups. It was claiming support from investors with $1tn under management. Continue reading...
Blackstone Inc. ’s secondaries business reached $100 billion of assets under management in the first quarter, making it one of the biggest players in the market for selling secondhand stakes. Its flagship secondaries fund collected an additional $6 billion in the first quarter of this year, bringing the total raised for that fund to $11 billion, Blackstone President Jon Gray said on a call with an...
Blackstone Inc. ’s secondaries business reached $100 billion of assets under management in the first quarter, making it one of the biggest players in the market for selling secondhand stakes. Its flagship secondaries fund collected an additional $6 billion in the first quarter of this year, bringing the total raised for that fund to $11 billion, Blackstone President Jon Gray said on a call with analysts to discuss the firm’s first-quarter results Thursday. Read More: Blackstone Sees ‘Best Year’ for Its IPOs as Earnings Beat The secondaries unit, called Strategic Partners and run by Verdun Perry , has completed more than 2,350 transactions. It buys portfolios sold by clients of private fund managers and also participates in secondaries deals initiated by those managers. Last year, it bought a $5 billion portfolio of private equity holdings from the New York pension system, one of the largest sales of its kind. The firm is also an investor in the $2.4 billion continuation fund raised by EQT AB to hold on to data center operator EdgeConneX for longer, according to people familiar with the matter, who asked not to be named discussing non-public information. Blackstone declined to comment on the transaction. The $22.2 billion Strategic Partners VIII generated an internal rate of return of 18% as of March. The market for secondaries has been on a tear, with overall volume jumping 48% since 2024 to hit a record of $240 billion last year, according to Jefferies Financial Group . Higher interest rates slowed dealmaking and fundraising for private markets, compelling managers to turn to continuation funds to hold assets for longer and return profits to existing investors. Clients of private funds also tapped the market to generate liquidity in the absence of profits from their investments.
Athlete who collapsed on track in 2024 ready for London Warner-Judd admits hitting ‘rock bottom’ after seizure There are sporting comebacks. And then there is Jessica Warner-Judd’s remarkable return from a focal seizure during the 10,000m at the European Championships in 2024. Those of us in Rome that night watched Judd wander distressingly across the track with 600m to go before collapsing and be...
Athlete who collapsed on track in 2024 ready for London Warner-Judd admits hitting ‘rock bottom’ after seizure There are sporting comebacks. And then there is Jessica Warner-Judd’s remarkable return from a focal seizure during the 10,000m at the European Championships in 2024. Those of us in Rome that night watched Judd wander distressingly across the track with 600m to go before collapsing and being carried off and sedated . What we didn’t see was what followed: the trauma therapy, depression and fears she would never run again. Continue reading...
A phone for people who like pens. The 2026 edition of Motorola's stylus phone is plenty appealing. My review unit is a charming lilac color, has a pleasantly textured back panel, and includes a MicroSD slot and what might be the last surviving headphone jack on a mainstream phone sold in North America. The namesake stylus is no longer just a fancy plastic stick, it's active and comes with some nea...
A phone for people who like pens. The 2026 edition of Motorola's stylus phone is plenty appealing. My review unit is a charming lilac color, has a pleasantly textured back panel, and includes a MicroSD slot and what might be the last surviving headphone jack on a mainstream phone sold in North America. The namesake stylus is no longer just a fancy plastic stick, it's active and comes with some neat tricks. Motorola Moto G Stylus (2026) The latest version of Motorola's stylus phone comes with an active pen, as well as old favorites like a headphone jack and MicroSD support. Score: 6 Pros Cons Active stylus Headphone jack! MicroSD card support! IP68/69 rated Big screen for the p … Read the full story at The Verge.