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Futbol
New Law To Tackle Goalkeeper Time-wasting Approved
~0.9 mins read
A goalkeeper holding the ball for more than eight seconds will be punished with a corner for the opposition from this summer. The new law was unanimously approved by the International Football Association Board (IFAB) at its annual general meeting in Northern Ireland on Saturday, and will be in place at Fifa's Club World Cup, which takes place in the USA from 15 June to 13 July. Under the current law keepers should be punished if they hold the ball for more than six seconds, with the opposition being awarded an indirect free-kick. But the CEO of the Football Association of Wales (FAW) Noel Mooney said implementation of the six-second rule had "dissolved over time" and it is hoped that the new law will lead to a reduction in time wasting. Already trialled in over 400 games in three different competitions, including the Premier League 2, referees will also warn the goalkeepers with a five-second countdown before they are penalised. Fifa secretary general Mattias Grafstrom said: "We had the test and the test was very successful. The referees didn't have to signal for a corner [often]." The IFAB also voted to continue offside trials in which the attacker will be ruled onside if his torso is level with the second to last defender.
All thanks to BBC Sport
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Investopedia
5 Things To Know Before The Stock Market Opens
~2.2 mins read
Finally, it's Federal Reserve rate-cut day, with investors eagerly on watch for the size of the U.S.'s first cut in four years; a top European Union (EU) court scrapped a $1.7 billion fine imposed on Alphabet's (GOOGL) Google; the United Auto Workers (UAW) union plans to hold a strike-authorizing vote against Chrysler and Jeep parent Stellantis (STLA); Microsoft (MSFT) is planning to launch a $30 billion artificial intelligence (AI) infrastructure fund to build data centers with BlackRock; and the U.S. Department of Transportation (DOT) has cleared Alaska Air Group's (ALK) $1.9 billion purchase of Hawaiian Airlines parent Hawaiian Holdings (HA)—with conditions. U.S. stock futures are edging higher ahead of the Fed decision after stocks closed mixed on Tuesday. Here's what investors need to know today.
The Federal Reserve concludes its two-day meeting today, with the central bank widely expected to cut interest rates for the first time in four years as inflation cools toward its 2% annual rate goal. Market participants remain divided on the size of the cut, with some expecting the traditional quarter-point easing and others a reduction of 50 basis points. Fed Chair Jerome Powell's press conference on the trajectory and rationale behind future cuts also will be closely monitored.
Alphabet's (GOOGL) Google scored a legal victory after the EU's General Court overturned a fine of almost 1.5 billion euros ($1.7 billion) imposed in 2019 that alleged the search giant abused its dominant position and restricted rivals’ advertising. The ruling that that the European Commission had "committed errors in its assessment" around the duration of Google's advertising contracts with publishers comes days after the tech firm lost an appeal of a $2.7 billion antitrust fine for favoring its own shopping services. Alphabet shares are up nearly 1% in premarket trading.
Chrysler and Jeep parent Stellantis (STLA) is facing fresh strikes after United Auto Workers (UAW) President Shawn Fain said the union plans to hold a vote authorizing a walkout after the automaker allegedly abandoned contract commitments it made during a labor deal struck last year. The Big Three automaker was hit by a wave of strikes last year before reaching deals with the UAW. Stellantis shares are up less than 1% in premarket trading.
Microsoft (MSFT) shares are in focus after the tech giant and the world's largest asset manager, BlackRock, announced plans to launch a $30 billion artificial intelligence (AI) infrastructure fund to build data centers and energy projects. Microsoft stock closed higher for its seventh consecutive session on Tuesday, with the latest gains coming after the company hiked its quarterly dividend by 10% and approved a $60 billion stock buyback. Microsoft shares are edging higher in premarket trading.
The U.S. Department of Transportation (DOT) cleared Alaska Air Group's (ALK) $1.9 billion purchase of Hawaiian Airlines parent Hawaiian Holdings (HA), but with conditions attached aimed at protecting customers. Among those conditions: the two carriers have to maintain several key routes and keep the value of their rewards programs. Shares of both airlines are little changed in premarket trading.
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Worldnews
Irans FM Araghchi, Saudi Crown Prince MBS Hold Fruitful Talks In Jeddah
~2.1 mins read
Tehran’s top diplomat Abbas Araghchi visits Saudi Arabia for the first time after Iran’s 12-day war with Israel. Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS) has met Iranian Foreign Minister Abbas Araghchi in Jeddah in the first visit by a top Iranian official to the Gulf kingdom after Israel’s war with Tehran. Iranian Ministry of Foreign Affairs spokesperson Esmaeil Baghaei said Araghchi’s talks with Prince Mohammed and other Saudi officials on Tuesday were “fruitful”. The visit after the 12-day intense conflict between Israel and Iran, which saw the United States bomb three Iranian nuclear facilities before mediating a ceasefire, suggests that the war did not derail the rapprochement between Tehran and Riyadh. Saudi Arabia’s official news agency, SPA, said Araghchi and Prince Mohammed “reviewed bilateral relations and discussed the latest regional developments and the efforts being made in that regard”. “The Crown Prince expressed the Kingdom’s aspiration that the ceasefire agreement would contribute to creating conditions that promote security and stability in the region, emphasizing the Kingdom’s stance in supporting dialogue through diplomatic means as a path to resolving disputes,” SPA said. It added that Araghchi expressed his gratitude to the kingdom for “condemning the Israeli aggression”. The top Iranian diplomat also met with Saudi Minister of Defence Khalid bin Salman bin Abdulaziz and Foreign Minister Prince Faisal bin Farhan Al Saud. Israel launched a massive bombardment against Iran on June 13, without direct provocation, killing top military commanders and nuclear scientists as well as hundreds of civilians. Iran retaliated with missile barrages that left widespread destruction in Israel. After the US targeted Iran’s nuclear sites, Tehran responded with a missile launch against a US airbase in Qatar. Shortly after that attack, US President Donald Trump announced a ceasefire between Iran and Israel. While Arab countries condemned the attack as a violation of Qatar’s sovereignty, Iran appears to be pushing to repair relations with Gulf states. Ties between Tehran and Riyadh were strained for years over disagreements around regional conflicts and mutual accusations of spreading instability. But the two countries agreed to restore formal relations as part of a deal brokered by China in 2023, and top Saudi and Iranian officials have been in regular contact. Before the outbreak of the recent war, Saudi Arabia had welcomed Iran’s nuclear talks with the US, saying it supported efforts to resolve regional and international disputes. On Monday, Iranian President Masoud Pezeshkian said he believed Tehran could resolve its differences with the US through dialogue, but trust would be an issue after the attacks on his country. In an article published by the Financial Times earlier on Tuesday, Araghchi accused Israel of preferring conflict over diplomacy. “Iran remains interested in diplomacy, but we have good reason to have doubts about further dialogue,” he wrote. “If there is a desire to resolve this amicably, the US should show genuine readiness for an equitable accord.” Follow Al Jazeera English:...
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Investopedia
D.R. Horton Stock Tumbles As Q4 Results, 2025 Outlook Disappoint
~0.8 mins read
Shares of homebuilder D.R. Horton (DHI) sank 12% Tuesday morning to lead S&P 500 decliners after the company's fourth-quarter results and projections for fiscal 2025 both fell short of analysts' expectations.
For the fourth quarter of fiscal 2024, D.R. Horton reported $10.00 billion in revenue, down from $10.50 billion the same time last year and below the $10.22 billion consensus estimate of analysts compiled by Visible Alpha.
The homebuilder reported $1.28 billion in net income, down from $1.51 billion and below the $1.37 billion analysts expected.
D.R. Horton's outlook for fiscal 2025 revenue also came in short of analysts' estimates. The company said it expects revenue between $36 billion and $37.5 billion, well below the $39.39 billion expectation.
Executive chairman David Auld said sales were slower than the company expected in the quarter. "While mortgage rates have decreased from their highs earlier this year, many potential homebuyers expect rates to be lower in 2025," Auld said.
D.R. Horton sank shortly after the market opened to $157.57, their lowest point since July.
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