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Major stock indexes on Wall Street drifted to a mixed finish, capping a rare bumpy week for the market. The S&P 500 ended essentially flat, down less than 0.1 per cent, after wavering between tiny gains and losses most of the day. The benchmark index posted a loss for the week, its first after three straight weekly gains. There were more than twice as many decliners than gainers on the New York Stock Exchange. Credit: Bloomberg The Dow Jones slipped 0.2 per cent, while the Nasdaq composite rose 0.1 per cent, ending just below the record high it set on Wednesday. The Australian sharemarket is set to retreat, with futures pointing to a slide of 39 points, or 0.5 per cent, at the open. There were more than twice as many decliners than gainers on the New York Stock Exchange. Gains in technology stocks helped temper losses in communication services, financials and other sectors of the market. Loading Broadcom surged 24.4 per cent for the biggest gain in the S&P 500 after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. The company also raised its dividend. The company’s big gain helped cushion the market’s broader fall. Pricey stock values for technology companies like Broadcom give the sector more weight in pushing the market higher or lower. Artificial intelligence technology has been a focal point for the technology sector and the overall stock market over the last year. Tech companies, and Wall Street, expect demand for AI to continue driving growth for semiconductor and other technology companies. Some tech stocks were a drag on the market. Nvidia fell 2.2 per cent, Meta Platforms dropped 1.7 per cent and Google parent Alphabet slid 1.1 per cent. Among the market’s other decliners were Airbnb, which fell 4.7 per cent for the biggest loss in the S&P 500, and Charles Schwab, which closed 4 per cent lower. Furniture and housewares company RH, formerly known as Restoration Hardware, surged 17 per cent after raising its forecast for revenue growth for the year. All told, the S&P 500 lost 0.16 points to close at 6,051.09. The Dow dropped 86.06 points to 43,828.06. The Nasdaq rose 23.88 points to 19,926.72. Wall Street’s rally stalled this week amid mixed economic reports and ahead of the Federal Reserve’s last meeting of the year. The central bank will meet next week and is widely expected to cut interest rates for a third time since September. Expectations of a series of rate cuts has driven the S&P 500 to 57 all-time highs so far this year. The Fed has been lowering its benchmark interest rate following an aggressive rate hiking policy that was meant to tame inflation. It raised rates from near-zero in early 2022 to a two-decade high by the middle of 2023. Inflation eased under pressure from higher interest rates, nearly to the central bank’s 2 per cent target. Loading The economy, including consumer spending and employment, held strong despite the squeeze from inflation and high borrowing costs. A slowing job market, though, has helped push a long-awaited reversal of the Fed’s policy. Inflation rates have been warming up slightly over the last few months. A report on consumer prices this week showed an increase to 2.7 per cent in November from 2.6 per cent in October. The Fed’s preferred measure of inflation, the personal consumption expenditures index, will be released next week. Wall Street expects it to show a 2.5 per cent rise in November, up from 2.3 per cent in October. The economy, though, remains solid heading into 2025 as consumers continue spending and employment remains healthy, said Gregory Daco, chief economist at EY. “Still, the outlook is clouded by unusually high uncertainty surrounding regulatory, immigration, trade and tax policy,” he said. Treasury yields edged higher. The yield on the 10-year Treasury rose to 4.40 per cent from 4.34 per cent late Thursday. European markets slipped. Britain’s FTSE 100 fell 0.1 per cent. Britain’s economy unexpectedly shrank by 0.1 per cent month-on-month in October, following a 0.1 per cent decline in September, according to data from the Office for National Statistics. Asian markets closed mostly lower. AP The Market Recap newsletter is a wrap of the day’s trading. Get it each we e kday afternoon . Save Log in , register or subscribe to save articles for later. World markets Wall Street Shares Most Viewed in Business Loading8k8 vip withdrawal 。

( MENAFN - Newsroom Panama) You're witnessing a seismic shift in the entertainment industry, driven by technological advancements and evolving consumer preferences. The metaverse is projected to generate up to $5 trillion in value by 2030, with over 50% of live events expected to occur within this immersive digital realm. Data-driven diversity and inclusion initiatives are influencing box office success and consumer engagement. Strategic partnerships and M&A activity highlight the importance of collaboration in adapting to changes in content distribution. Personalization through AI-driven technologies can boost revenues by 15%, while intuitive interfaces promote natural interactions with entertainment. Embrace these trends to stay competitive in the evolving global entertainment landscape. Two key trends are driving the future of entertainment: the rise of the metaverse and the growing demand for immersive experiences. As the metaverse is projected to generate up to $5 trillion in value by 2030, it's clear that this virtual reality landscape will play a significant role in shaping how we consume and interact with content. You can expect over 50% of live events to occur within the metaverse by 2030, signaling a major shift towards digital transformation in the entertainment industry. Content creators and companies investing in metaverse-related technologies will be at the forefront of innovation, redefining how we experience entertainment. The integration of gaming and filmed entertainment will blur the lines between passive and interactive content consumption, creating new opportunities for immersive experiences. With the virtual reality industry expected to reach $22 billion by 2025, it's evident that the demand for immersive entertainment will continue to grow. Embracing these trends will be crucial for staying relevant and competitive in the rapidly evolving entertainment landscape, as the metaverse and immersive experiences become the new norm. Alongside the metaverse and immersive experiences, data-driven diversity and inclusion initiatives are transforming the entertainment industry, including Canadian IPTV . Authentic representation in films significantly impacts box office success, with movies featuring fewer than 11% underrepresented actors underperforming by 20%. Additionally, 64% of consumers report being influenced by diverse advertisements, highlighting the importance of representation in marketing strategies. However, companies face challenges in effectively recording Diversity, Equity, and Inclusion (DEI) data: Despite these challenges, 59% of executives have increased their investments in DEI initiatives over the past year, reflecting a growing commitment to fostering inclusive environments in the media and entertainment industry. As the industry evolves, data-driven diversity and inclusion will play a crucial role in shaping personalized content and ensuring authentic representation across all platforms, ultimately driving the future of entertainment. Strategic partnerships and mergers and acquisitions (M&A) are transforming the entertainment industry as companies adapt to the rapidly evolving content and distribution landscape. In the realm of entertainment, storytelling formats are undergoing a profound transformation, driven by technological advancements and evolving consumer preferences. Modern creators are leveraging mixed reality, participatory storytelling, and immersive theater to engage audiences in unprecedented ways. This shift is evident in: As technology continues to progress, the lines between creator and consumer will blur further, giving rise to even more interactive and personalized forms of storytelling. This evolution will not only reshape the entertainment landscape but also redefine how we connect with narratives and each other. The future of entertainment lies in the seamless integration of diverse formats, fostering deeper engagement and more meaningful experiences for audiences worldwide. Personalization and intuitive interfaces are poised to revolutionize the entertainment landscape, as AI-driven technologies and immersive experiences continue to shape consumer expectations. You'll find that personalization, powered by machine learning, can boost revenues by 15% through tailored customer experiences. Intuitive interfaces, such as gesture and voice recognition, will promote more natural interactions with entertainment, moving beyond traditional controls. As you demand more relatable content, immersive experiences designed with character recognition and emotional responsiveness will enhance your engagement. By 2030, your wearable devices will seamlessly integrate social, work, and entertainment environments, creating a personalized consumption experience. The rise of virtual reality and mixed reality technologies will redefine storytelling, allowing for personalization that enhances your interaction and engagement with narratives. Artificial intelligence will play a crucial role in driving these advancements, enabling entertainment providers to deliver highly customized content and experiences. As personalization and intuitive interfaces become the norm, you can expect a more immersive and engaging entertainment landscape that adapts to your preferences and behaviors, ultimately transforming the way you consume and interact with content in the future. You'll witness a transformation in entertainment, driven by content diversity and personalized experiences. Streaming competition will intensify, while virtual reality and AI redefine audience engagement. Prepare for a future of immersive storytelling and global cultural exchange. You'll witness streaming dominance, immersive experiences, and diverse content driving audience engagement. Virtual reality and cultural exchange will reshape entertainment, while data-driven insights and forward-looking strategies will be essential for success in this evolving landscape. You'll experience immersive entertainment through virtual reality and AI-driven storytelling on streaming platforms. Interactive media and personalized content, powered by advanced technologies, will reshape how you engage with and consume entertainment in the future. Globalization has transformed entertainment through cultural exchange and audience diversity. Streaming platforms now offer regional content, fostering global collaborations. As language barriers diminish, you can access a wealth of international films, shows, and creators like never before. MENAFN24122024000218011062ID1109028674 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.Funmi Ogundare Kora, a major player in Africa’s tech talent development, is amplifying its support for students by enabling participation in the Get Employable Conference ( GEC). This event, which was held virtually recently, was aimed at enhancing job readiness and career progression for young Africans and was powered by Ribara’s employability platform. The conference is crucial for Africa’s rapidly expanding technology sector, with Kora’s CEO, Dickson Nsofor, emphasising the urgent need to close the continent’s growing skills gap. Speaking at the program, Nsofor explained that Africa’s tech economy is experiencing rapid growth, but the supply of skilled tech professionals is not keeping pace. According to him, by 2025, four million new tech jobs will be created, but there will be only enough skilled talent to fill 50 per cent of these positions. The Get Employable Conference, he noted, equips participants with practical tools to enhance their job readiness and better align their skills with the evolving demands of the tech industry, ensuring Africa’s workforce remains competitive as the sector grows. He added that Kora has launched several strategic initiatives, including The Curve program, which provides tech training to underserved talent across the continent. The company has also established a N200 million ($250,000) endowment fund at Covenant University to support Computer Engineering students. Through our partnership with Ribara, Kora reinforces its broader mission to provide essential training resources and empower African youth with the skills needed to compete globally in the job market.” One of the beneficiaries, Chiamaka Nweke, a postgraduate Accounting student at the University of Lagos, said, “Thanks to Kora, I was able to attend the conference. Now, I have the tools to track my career growth and job readiness.” Enoch Oguntoye, a Mechanical Engineering student at Bells University, also expressed gratitude. “Kora’s dedication to growth made it possible for me to attend the conference.” Israel Olayinka, a Computer Science student at Lagos State University, Ojo, noted the transformation in his career perspective. “The support I received from Kora has been invaluable in providing critical career insights.” Dr. Peter, a co-founder at Ribara, emphasised the conference’s core goal, saying, “The main takeaway for participants is a shift from being unaware of market needs to identifying gaps in their skill readiness. The next step is achieving the competence required for specific industry roles.”