Money
One of the most popular video games of all time is getting the (football) boot
FIFA fans, you might want to grab the tissues and put the controller down, because there won’t be FIFA video games anymore
Soccer’s global governing body and EA Sports are ending a partnership that created FIFA, which is one of the most popular video games of all time.
The game has generated more than $20 billion in sales over the past two decades.
But the cost of the licence was one reason why the decision was made to ditch the partnership.
150 million FIFA video game players will now have to get used to a new name
EA will continue to make football video games, but from next year, they will come under a new banner, so get use to the name EA Sports FC.
FIFA plansto release its own rival games, saying: “The Fifa name is the only global, original title.”
In a long statement on its website, Fifa says it will launch new football video games developed with a range of third-party studios and publishers.
As well as launching new games during 2022 and 2023, Fifa says it is working with leading game publishers, media companies and investors to develop of a major new Fifa simulation game title in 2024.
“I can assure you that the only authentic, real game that has the Fifa name will be the best one available for gamers and football fans.”
Gianni Infantino, the President of Fifa says in the statement
“The constant is the Fifa name and it will remain forever and remain the best.”
EA say they will continue to offer real-world experiences, having signed up thousands of athletes, 700 teams, 100 stadiums and over 30 leagues for future games.
They include the Premier League and UEFA.
EA Sports FC will hit the shelves in late 2023.
Money
Australia’s sharemarket set for weakest annual return in three years
Australia’s sharemarket set for weakest return in three years; gains from gold and critical minerals offset blue-chip losses.
Australia’s sharemarket set for weakest return in three years; gains from gold and critical minerals offset blue-chip losses.
Australia’s sharemarket is on track for its weakest annual return in three years, with the S&P/ASX 200 Index expected to finish 2025 up around 6 per cent. Investors are feeling the impact of major losses from blue-chip companies, including Commonwealth Bank and CSL, which have dragged overall performance.
Despite the slow year, certain sectors provided a boost. Gains were largely driven by surging gold prices and rising interest in critical minerals, helping offset some of the losses from larger companies.
Smaller companies in the resources sector outperformed their larger counterparts, highlighting a shift in investor focus towards niche opportunities and high-demand commodities.
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Money
US stocks surge amid AI hype despite market volatility
US stock market bounced back, S&P 500 up 16% in 2023, driven by AI excitement amid policy uncertainties.
US stock market bounced back, S&P 500 up 16% in 2023, driven by AI excitement amid policy uncertainties.
The US stock market has experienced a rollercoaster year, with the S&P 500 nearly entering a bear market in April due to tariff concerns. Investor sentiment shifted following policy changes from President Trump, setting the stage for a dramatic rebound.
By June, the S&P 500 was hitting new records, fueled by excitement over artificial intelligence and its impact on the tech sector. Corporate profit forecasts improved, contributing to an overall annual gain of 16%, despite ongoing market fluctuations.
Yet, the S&P 500 still trails international markets, reflecting lingering policy uncertainties in the US.
Investors are watching closely to see how domestic and global factors will shape the next year.
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Money
Stocks rally ahead of Thanksgiving as markets log four days of gains
Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.
Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.
Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.
Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.
All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.
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