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U.S. stock futures dropped early Friday as the postelection rally showed signs of faltering and the Federal Reserve indicated a cautious stance on further interest rate cuts. Dow Jones Industrial Average futures fell 156 points, or 0.36%, while S&P 500 and Nasdaq 100 futures declined 0.51% and 0.76%, respectively.

Tech stocks saw mixed fortunes, with chip equipment manufacturer Applied Materials sliding over 8% after issuing weak revenue guidance for the current quarter. Conversely, Domino’s Pizza surged more than 7% following news that Berkshire Hathaway had taken a stake in the company, signaling investor confidence in the fast-food giant.

This follows a negative session on Thursday, where the Dow lost over 200 points, and both the S&P 500 and Nasdaq Composite fell by approximately 0.6%. Major indexes are poised to close the week lower, eroding last week’s postelection gains spurred by Donald Trump’s victory. Notably, the Nasdaq Composite has declined 0.9% this week, while the S&P 500 and Dow have fallen 0.8% and 0.5%, respectively.

Despite the broader market pullback, the Dow achieved a milestone earlier in the week, closing above 44,000 for the first time. However, concerns over the Federal Reserve’s restrained approach to monetary easing and mixed corporate earnings have tempered investor optimism. This underscores the fragile nature of the recent rally amid evolving economic and political uncertainties.

S&P 500 Technical Analysis

The 15-minute chart of the S&P 500 Index (SPX) shows a bearish trend over recent sessions, with a consistent decline from earlier highs around 6,017.31 to the current level near 5,949.16. The pattern indicates selling pressure as the index struggles to hold any rebound attempts, suggesting weak investor sentiment in the short term.

The Relative Strength Index (RSI) is at 36.93, which is below the neutral 50 mark and approaching oversold territory (30 or below). This level typically signals that the selling momentum could be nearing exhaustion, but it does not confirm a reversal without further evidence. The declining RSI trend suggests that the bears still have control, though a reversal could be on the horizon if the index dips further and the RSI enters oversold conditions.

Key support is seen near 5,930, a level tested several times during the chart period. A break below this level could trigger further downside pressure. On the other hand, if the S&P 500 rebounds, it could face resistance around 5,980. For now, the technicals suggest caution, as the index may continue its downward trend unless it finds strong support or positive momentum to change course.

The post S&P 500 Futures Slip 0.51% appeared first on FinanceBrokerage.

In the fast-paced world of cryptocurrency trading, having a strategic edge is essential for investors aiming to navigate the volatile markets. PamBoRich, a rising star in the financial sector, is known for its innovative approach to automated trading solutions. With a reputation for cutting-edge technology and unmatched efficiency, PamBoRich has become a trusted platform for investors across the globe. But recent rumors are suggesting something even more groundbreaking: a secret collaboration between PamBoRich and OpenAI—the creators of the widely popular ChatGPT.

This collaboration promises to bring the power of artificial intelligence to a whole new level, potentially changing the landscape of trading as we know it. Let’s take a closer look at this exciting partnership, the AI trading system being developed, and how it could revolutionize the market for both seasoned traders and beginners alike.

PamBoRich: Leading the Charge in Financial Innovation

PamBoRich has quickly established itself as one of the most innovative platforms in the financial technology sector. Known for its advanced AI-powered trading bots, PamBoRich offers users the ability to trade cryptocurrencies with ease, speed, and precision. Whether you’re a beginner or an experienced trader, the platform’s intuitive design and powerful algorithms have made it a go-to for those looking to capitalize on the cryptocurrency market.

For years, PamBoRich has prided itself on providing its users with robust security, real-time market insights, and an easy-to-navigate platform that’s designed to handle even the most complex trades. However, the company isn’t resting on its laurels. With the cryptocurrency market continuously evolving, PamBoRich has taken a significant step forward by entering into a groundbreaking partnership with OpenAI.

A Groundbreaking Partnership with OpenAI

The whispers surrounding PamBoRich’s collaboration with OpenAI have sparked curiosity across the financial industry. OpenAI, best known for its cutting-edge artificial intelligence technologies such as ChatGPT, is at the forefront of AI research and development. By joining forces with OpenAI, PamBoRich is seeking to leverage natural language processing and machine learning algorithms to create an AI trading system that is not just automated but highly intelligent and adaptable.

But what exactly does this collaboration mean for the future of trading?

Harnessing the Power of ChatGPT

One of the main aspects of the partnership is the integration of OpenAI’s ChatGPT—an advanced language model capable of understanding and generating human-like text. While ChatGPT is famous for its conversational abilities, its role in PamBoRich’s trading system goes far beyond simple interactions.

PamBoRich is looking to tap into the vast capabilities of ChatGPT to provide a deeper level of market analysis and insights. By leveraging ChatGPT’s advanced data processing abilities, the AI system will be able to analyze complex financial reports, news articles, social media trends, and other sources of market information at a scale and speed that would be impossible for humans. This means that PamBoRich’s AI-powered system will not only react to market movements but also anticipate them based on vast datasets, providing users with predictive insights that can shape their trading strategies.

Features of the AI Trading System

The PamBoRich and OpenAI collaboration is poised to deliver a next-level trading system with several standout features that will redefine how trades are executed and how investors interact with the market. Let’s take a deeper dive into what this new AI system will offer.

1. Advanced Market Prediction Algorithms

At the core of the new AI trading system lies the ability to predict market trends with unprecedented accuracy. The AI system, powered by OpenAI’s algorithms, will have access to a wealth of real-time data, including price fluctuations, historical patterns, and global economic indicators. With this data, the system will be able to generate highly accurate predictions about where the market is headed, giving users the ability to make well-informed decisions ahead of time.

2. Automated, High-Frequency Trading

PamBoRich’s new AI system is designed to execute trades automatically at lightning speed. The platform’s advanced trading algorithms will allow users to engage in high-frequency trading, taking advantage of even the smallest market movements. The ability to execute trades with speed and precision is one of the biggest advantages of AI-powered trading—no more missed opportunities due to human delay or error.

3. Natural Language Processing for Real-Time Insights

By incorporating natural language processing (NLP) capabilities from ChatGPT, the AI system will be able to analyze not just numbers and charts but also textual data—such as financial news, investor sentiment, and social media discussions. This will give users an edge in understanding market sentiment and acting on news before it becomes widely known. Imagine receiving an AI-generated summary of the latest market developments, paired with actionable insights and suggestions, all in real time.

4. Enhanced Risk Management Tools

One of the biggest challenges traders face is managing risk. The AI system being developed by PamBoRich and OpenAI will feature advanced risk management tools that will automatically adjust users’ portfolios based on real-time market conditions. Whether it’s by setting stop-loss orders or dynamically adjusting trade sizes based on volatility, the AI system will help protect investors from large losses and safeguard their capital in unpredictable markets.

5. Customizable Trading Strategies

Every trader is different, and PamBoRich understands that one-size-fits-all approaches often don’t work in the diverse world of cryptocurrency. That’s why the new AI system will offer customizable trading strategies, allowing users to tweak the system’s approach to suit their individual goals and risk tolerance. Whether you’re a conservative investor looking for steady returns or an aggressive trader seeking to capitalize on short-term fluctuations, the AI will adapt to your preferences.

The Potential Impact on the Market

As we look towards the future of trading, PamBoRich’s collaboration with OpenAI could bring about a paradigm shift in how cryptocurrency markets are approached. By merging AI technology with financial expertise, the new system has the potential to revolutionize trading across several key areas.

1. Democratization of Crypto Trading

Historically, cryptocurrency trading has been seen as something reserved for experienced traders or those with significant capital. However, the new AI trading system could open up the world of crypto trading to a much broader audience. The user-friendly interface and automated features will make it possible for anyone, regardless of experience, to take advantage of the cryptocurrency market’s volatility.

2. Increased Efficiency and Speed

One of the most significant benefits of AI-powered trading is the speed at which it operates. The AI system will be able to execute hundreds, if not thousands, of trades per second, capitalizing on market fluctuations that would be missed by human traders. This ability to act instantly will allow users to maximize profits and minimize losses in ways that were previously impossible.

3. Smarter Trading Decisions

With ChatGPT’s integration, the AI system will help traders make more informed and data-driven decisions. By analyzing market trends, news, and even social media discussions, the AI will be able to offer a comprehensive view of the market landscape, helping users make smarter trading decisions with higher accuracy.

4. Leveling the Playing Field

AI technology has the potential to level the playing field in the cryptocurrency market. Retail traders, who often struggle to compete with institutional investors, will be able to access the same high-level insights and trading capabilities. The democratization of trading tools will empower small investors to make strategically sound decisions and potentially profit in ways they could not before.

Conclusion

The collaboration between PamBoRich and OpenAI is undoubtedly one of the most exciting developments in the world of cryptocurrency trading. By combining advanced AI algorithms with OpenAI’s cutting-edge technology, PamBoRich is poised to launch a revolutionary trading system that will change the way investors interact with the market.

With features like real-time market prediction, automated trading, and advanced risk management tools, the PamBoRich AI system is set to offer unmatched precision and efficiency, empowering both novice and experienced traders to make smarter, faster, and more profitable decisions.

The partnership between PamBoRich and OpenAI could very well mark the beginning of a new era in cryptocurrency trading, where AI-driven insights and automation provide users with a competitive edge, democratizing access to the lucrative world of crypto trading for everyone.

Company Details

Company Name: PamboRich Ai

Email Address: admin@pamborich.com
Company Website: https://pamborich.com

The post PamBoRich and OpenAI: New Era of AI-Powered Trading Systems appeared first on FinanceBrokerage.

Attorneys for X Corp., the firm established by Elon Musk to take over Twitter, filed a notice of appearance on Thursday in the bankruptcy case of Alex Jones and his Infowars platform.

The new owners of satirical news site The Onion had been declared the successful bidders for Jones’ controversial platform, alongside families of the Sandy Hook massacre victims.

But this week, the Texas bankruptcy judge overhearing the case voiced concerns about the transparency of the auction process and called for a new hearing to discuss those potential issues.

“Nobody should feel comfortable with the results of the auction,” Judge Christopher M. Lopez said, according to a Bloomberg News report.

The X Corp. filing, dated Nov. 14 and first reported by Mother Jones, does not disclose the purpose of X’s appearance, other than to state the rights reserved to it as an interested party, and to request all relevant documents in the case.

Attorneys for X listed in the filing did not respond to a request for comment. A lawyer representing The Onion also did not respond to a request for comment.

Both Musk and Jones are known allies of President-elect Donald Trump. Musk has allowed Infowars to broadcast on X while Infowars’ fate is in limbo.

Jones has used Infowars as a platform to promote conspiracy theories, far-right ideologies and misinformation. He often focuses on events and social issues to sell related products like supplements and survival gear.

Jones’ bankruptcy stems from his obligation to pay $1.5 billion in damages to families of Sandy Hook Elementary School shooting victims, who filed defamation lawsuits over his false claims that the massacre was a hoax. He broadcast the conspiracy theory on his platform, which led to years of harassment and threats against the grieving families.

In a statement on X, The Onion’s chief executive, Ben Collins — who previously covered disinformation and conspiracy theories for NBC News — called assertions made this week by Jones and other Infowars personnel that the auction had formally been “overturned” false, while describing other allegations they leveled as “wacky.”

“We look forward to completing this process at the next scheduled court date,” Collins wrote Saturday.

A representative for Infowars did not immediately respond to a request for comment.

This post appeared first on NBC NEWS

Warner Bros. Discovery agreed to end its quest to own a package of live National Basketball Association games in the U.S. for the 2025-26 season and beyond, settling all of its legal disputes with the league.

Warner Bros. Discovery sued the NBA in July, claiming the league failed to allow the media company to use its so-called matching rights on a package of live games.

The league selected three media partners — Disney, Comcast’s NBCUniversal and Amazon Prime Video — to be its U.S. distributors of live games for 11 years beginning next season. The total value of the deal, including WNBA games, was about $77 billion, CNBC previously reported.

The settlement with Warner Bros. Discovery, announced Monday, as well as a separate agreement between Warner Bros. Discovery and ESPN, will keep the company in the mix with some NBA content, production partnerships and licensing deals. However, it officially ends Turner Sports’ 40-year relationship with the NBA as a carrier of live games in the U.S. after this season.

Turner Sports has had an NBA package since 1984, with games airing on cable network TNT since 1988. The NBA decided to move away from Warner Bros. Discovery as a media partner for several reasons, including losing faith in the long-term future of cable TV as a method for reaching a younger audience.

Disney and Comcast have broadcast networks to showcase NBA games, and Amazon’s package is exclusively streaming.

The terms of the settlement grant Warner Bros. Discovery’s TNT Sports free access to highlights for the company’s Bleacher Report digital news site and its social media platform House of Highlights for the next 11 years, according to a person familiar with the details. The deal also allows Warner Bros. Discovery to license, create and distribute new and existing NBA content across its media assets and includes live game rights in the Nordic countries, Poland and Latin America, excluding Brazil and Mexico.

The agreement also extends a partnership between NBA Digital and TNT Sports for five seasons that allows the NBA to engage Warner Bros. Discovery to provide promotion and “a variety of services, including production, content development and sales operations services,” according to a statement.

The league isn’t paying Warner Bros. Discovery any additional money for those services beyond the terms of the settlement, according to people familiar with the matter.

TNT’s popular “Inside the NBA” studio show will be licensed to Disney’s ESPN and ABC for premier NBA games in the regular season and the playoffs, including the Finals. ESPN’s current NBA studio show, “Countdown,” will continue for other ESPN regular season games.

TNT Sports will continue to produce “Inside the NBA,” starring Ernie Johnson Jr., Charles Barkley, Kenny Smith and Shaquille O’Neal. The four hosts will stay with the show for the duration of their contracts and may develop other new content for Warner Bros. Discovery’s cable and streaming platforms, including programs such as an “Inside Sports” show currently in development for next season, according to the company. ESPN has protections in the deal that would allow it to stop licensing the show if key hosts depart, according to two people familiar with the contract.

It’s unclear if “Inside the NBA” will contain TNT or ESPN branding when the show begins airing on Disney’s platforms next year, according to people familiar with the matter. While TNT Sports has full editorial control of the show, ESPN talent may collaborate with the hosts, the people said.

“The opportunity to continue the iconic and Emmy Award-winning ‘Inside the NBA’ is a huge win for basketball fans everywhere,” said NBA Commissioner Adam Silver in a statement. “We look forward to building on our longstanding partnership with TNT Sports and working together to promote NBA content across key WBD and NBA platforms.”

Disney and Warner Bros. Discovery have partnered several times in the past year, including on a streaming bundle that links Warner Bros. Discovery’s Max service to Disney+ and Disney’s Hulu, and on a sports-focused joint venture called Venu that’s currently in limbo due to antitrust concerns.

As a side part of the settlement that doesn’t involve the NBA, ESPN is allowing TNT to televise 13 Big 12 football games and 15 men’s basketball games each season, starting in 2025. The deal gives the Big 12 more linear TV exposure through TNT, as most of the games would have streamed exclusively on ESPN+, according to people familiar with the matter.

ESPN struck a similar sub-licensing deal with Warner Bros. Discovery for first round and quarterfinal College Football Playoff games earlier this year.

The deal allows Warner Bros. Discovery Chief Executive Officer David Zaslav to walk away with something after failing to reach a deal with the league during its exclusive negotiating window earlier this year.

“Together these agreements ensure fans will continue to enjoy TNT’s ‘Inside the NBA’ and create tremendous value for our entire portfolio as we accelerate the growth of TNT Sports, Bleacher Report, House of Highlights and our global sports business,” Zaslav in a statement.

Silver told CNBC last month that the league “absolutely” could have reached a deal with Warner Bros. Discovery but leadership on both sides never saw eye-to-eye.

“It wasn’t a longtime relationship with the people currently running Warner Brothers Discovery,” said Silver. “Ideally in these partnerships, people aren’t pulling out the contract and saying page eight, paragraph three. You’re saying you understand the spirit of what you were trying to accomplish, and that you’re willing to adjust based on changes that might have been unpredictable. So when you’re actually looking at the contract, that’s a sign that the partnership isn’t going as well.”

Disclosure: Comcast’s NBCUniversal is the parent company of CNBC.

This post appeared first on NBC NEWS

The domestic box office is on the rebound, having posted its highest third-quarter ticket sales since the pandemic. The world’s largest movie theater chain, however, isn’t on such solid footing.

AMC operates around 900 theaters and 10,000 screens globally, a larger footprint than its chief rivals Cinemark and Regal. Yet it’s struggled with a hefty debt load, even before the pandemic, that may be preventing the company from fully capitalizing on the theater industry’s revival.

CEO Adam Aron, who took the company’s helm in 2015, spent much of his early days in the job acquiring other chains and outfitting existing theaters with luxury seating. By the time the Covid pandemic shuttered theaters and shut down Hollywood, AMC was already $5 billion in the red.

Four years later, the company still has more than $4 billion in long-term debt on the books. While it has managed to refinance and extend its maturities to 2029 and beyond, interest payments continue to weigh on its bottom line.

“They’ve taken moves to reduce their debt, but they still have a lot of debt and they’re still paying pretty high interest rates on it,” said Eric Wold, analyst at B. Riley.

In the third quarter, AMC’s revenue outpaced its spending, but around $100 million in interest payments pushed the company to a nearly $21 million loss for the period.

“I don’t think it’ll be consistently profitable for a number of years,” said Wold.

In the meantime, AMC is taking strides to improve its revenue and coax lapsed moviegoers back into its theaters, analysts told CNBC. With improved and robust movie slates prepared for 2025 and 2026, the cinema chain has opportunities to leverage improving box office trends — if it can keep an eye on cash flow.

The domestic box office reached $2.71 billion in ticket sales during the third quarter, a little less than a percent higher than the same period last year, according to data from Comscore. The improvement, though small, is impressive considering the same time frame in 2023 featured the blockbuster cultural phenomenon known as “Barbenheimer.”

The dual release of Warner Bros.′ “Barbie” and Universal’s “Oppenheimer” took the box office by storm, generating nearly $250 million domestically on opening weekend. The pair of films went on to secure nearly $1 billion in North America as part of a nearly $2.4 billion global haul.

This year, the third quarter was aided by Disney and Marvel’s “Deadpool & Wolverine,” which tallied $631 million domestically between its July 26 release and September 30, alongside around $360 million from Universal’s “Despicable Me 4,” $267 million from Universal’s “Twisters,” $250 million from Warner Bros.′ “Beetlejuice Beetlejuice” and $183 million from Disney and Pixar’s “Inside Out 2,” which was released in June.

Despite the better-than-expected box office performance, AMC saw a 12% decline in attendance during the period. Cinemark, for comparison, saw just a 2.4% decrease in attendance globally during the quarter.

AMC attributed the decline to a Hollywood film slate that it says didn’t resonate as well in Europe as it did in North America, noting attendance was down 16% in the region. The majority of AMC’s theaters, around 62%, are in the U.S., while Europe accounts for around 37% of its footprint. An additional 1.4% are in Saudi Arabia, according to reports filed in February.

And, it noted, the success of “Barbie” and “Oppenheimer” during the same period a year prior led to more difficult comparisons.

AMC also called out a third-quarter decline in moviegoing in urban centers like New York and Los Angeles, where the company has its largest presence. Wold noted that was likely because the summer film slate was heavily populated with family-friendly films, which typically draw audiences in more suburban areas.

AMC should be in better shape in the fourth quarter as Universal’s “Wicked,” Paramount’s “Gladiator II” and Disney’s “Moana 2” battle for share of premium large format screens during the Thanksgiving holiday. Additionally, Disney’s “Mufasa: The Lion King” arrives in December alongside Sony’s R-rated “Kraven the Hunter” and Paramount’s “Sonic the Hedgehog 3.”

Looking forward, the 2025 slate and 2026 are expected to be even better as Hollywood production, which was disrupted in 2023 by dual labor strikes, returns to its normal churn of releases.

While the third quarter of 2024 saw 31 wide releases — films that opened in or eventually played in over 1,500 locations — higher than the totals in both 2023 and 2019, the number of wide releases for the full year still lags behind pre-pandemic levels.

More than half of next year’s releases are tied to existing movie franchise or to popular intellectual properties, which could lure baked-in fanbases to the theaters, but also likely means they’ll will vie for time in premium large format theaters.

AMC theaters currently house nearly half of all IMAX’s U.S. screens and all of Dolby’s Dolby Cinema-branded U.S. screens. In total it has more than 550 premium large format screens globally.

And the company plans to invest in even more.

“From our patronage data, we know with certainty that moviegoers increasingly seek out our premium large-format screens,” Aron said during AMC’s third-quarter earnings call earlier this month. “On average, our PLF screens in the U.S., for example, do about quadruple the revenues of our non-PLF houses. You all know the saying, ‘Fish where the fish are.’”

As part of what AMC is calling its “Go Plan,” the company is set to invest between $1 billion and $1.5 billion over the next four to seven years to enhance its theaters in the U.S. and Europe. This includes adding more IMAX screens and updating existing ones with new laser projectors, increasing the number of Dolby Cinemas at AMC locations, and updating auditoriums where the screen is at least 40-feet wide to be part of its XL branding and 4K laser projection.

“As [AMC is] approaching 2025, and its really improved release slate, they’re also looking at where to spend money, where to invest in the business and enhance the business wherever they can,” said Alicia Reese, an analyst at Wedbush. “They talked a lot about new investments and upgrading their theaters and expanding their premium screens, adding XL screens. That’s a lot of money, a lot of capex. And I just think they need to approach this in a very balanced way. You know, preserving cash.”

Reese isn’t the only Wall Street analysts suggesting AMC exercise caution as it makes these upgrades.

Eric Handler at Roth Capital Markets noted that the upcoming slate of films will allow the company, which has had to be “very frugal with their cash” in recent years, to make much needed updates, but “they can’t go crazy.”

“They still got to be judicious with their cash flow,” he said.

To raise cash, AMC has traditionally turned to issuing more shares.

The company raised billions during the Covid pandemic by selling new stock, which helped it to pay off its debts and stave off bankruptcy during a time when movie theaters were closed or had limited product to screen to audiences.

However, investors, including AMC’s most stalwart fans, have come to fear dilution and, in the past, have rejected the company’s efforts to issue additional stock. Currently, AMC has around 372 million shares outstanding, according to FactSet.

“They said they would consider using their equity to fund capex projects,” Handler said. “And here we are again. If you’re an equity investor, you may be further diluted down to fund these capex projects. They may issue more shares, and, you know, the number of shares are up like 20 times from pre-pandemic. So, equity shareholders have yet to really reap the benefits of the improvements in the business.”

While AMC’s stock has made some gains in the last month, shares have fallen more than 26% so far this year and are down more than 43% since the same time last year. The stock has fluctuated between $4 and $5 apiece for months.

In the meantime, AMC has been closing underperforming theaters as their leases come up for renegotiation, saving some cash for other ventures.

“They’re trying to shift the footprint so that they maintain their market share gains,” said Reese. “They continue to improve revenue per screen and revenue per attendee with merchandising and popcorn buckets and the like. So, all the metrics are going in the right direction.”

Disclosure: Comcast is the parent company of NBCUniversal and CNBC. NBCUniversal is the distributor of “Wicked.”

This post appeared first on NBC NEWS