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
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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Money
Dow surges 500 points amid rate cut optimism
Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism
Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.
Tech Sector
Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.
Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.
Money
Gold prices surge as Central Banks buy big, but risks grow ahead
Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.
Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.
Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.
But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.
Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.
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