Jannik Sinner calls out grand slams for delaying welfare and prize money talks


Stock markets rise to record highs and Apple touches $4tn market value for first time – as it happened
The UK’s FTSE 100 has hit a new intra-day record and Wall Street shares are also at all-time highs – with Apple hit a $4 trillion market value for the first time.The FTSE 100 has hit a record peak of 9,715.22, and is currently trading 0.5% higher at 9,698.4

‘A stomach of steel’: amateur investors ride out dips amid talk of an AI bubble
It was more than just a hunch, says Jacob Foot of his first foray into US tech stock investments back in 2020.The 23-year-old says he played around with artificial intelligence tools in his first job and thought to himself: this technology is going to be a big deal.Foot put his savings each month into US shares and in particular the biggest investors in AI, the Magnificent Seven (M7). For several years the list has included the chipmaker Nvidia, Amazon, Apple, Microsoft, Tesla, Alphabet (the owner of Google) and Meta (the owner of Facebook, Instagram and WhatsApp).Five years on, Foot expects to complete the purchase of a “bigger house in London than I expected”, a dream he could not have realised without his stock market bets paying off

Apple hits $4tn market value as new iPhone models revitalize sales
Apple topped $4tn (£3tn) in market value for the first time on Tuesday, joining Microsoft and Nvidia as the third company in history to hit the milestone, thanks to strong demand for its latest iPhones.Apple’s share price has increased by more than 50% since a low point in April, thanks to the debut of its latest products.“The iPhone accounts for over half of Apple’s profit and revenue, and the more phones they can get into the hands of people, the more they can drive people into their ecosystem,” said Chris Zaccarelli, the chief investment officer for Northlight Asset Management, before the milestone was reached.Apple’s shares had struggled earlier this year on concerns over tough competition in China and how it would cope with high US tariffs on Asian economies such as China and India, its main manufacturing hubs.However, the latest smartphones, the iPhone 17 lineup, have won back customers from Beijing to Moscow, while the company has swallowed tariff costs instead of passing them on to consumers

OpenAI completes conversion to for-profit business after lengthy legal saga
OpenAI said on Tuesday it had converted its main business into a for-profit corporation, the conclusion of a lengthy and fraught legal saga.A crucial regulator, Kathy Jennings, the Delaware attorney general, said she approved the plan for the startup, which began as a non-profit in 2015, to change to a public benefit corporation, a type of for-profit entity that expresses commitment to bettering society.The company also said it had reorganized its ownership structure and signed a new agreement with its longtime backer Microsoft that gives the software giant a roughly 27% stake in OpenAI’s new for-profit corporation, but changes some of the details of their close partnership. OpenAI was valued at $500bn under the terms of the deal, making Microsoft’s stake worth more than $100bn.The restructuring paves the way for the ChatGPT maker to more easily raise capital and profit off its artificial intelligence technology, even as it remains technically under the control of its own original non-profit entity

Cameron Norrie hails ‘biggest win’ after roaring back to beat Carlos Alcaraz in Paris
Cameron Norrie produced the greatest win of his career as he recovered from a set down to topple the world No 1 Carlos Alcaraz 4-6, 6-3, 6-4 in the second round of the Paris Masters.Although he has defeated Alcaraz on two previous occasions, Norrie’s triumph marks his first ever victory over a reigning No 1.“Massive. So big for me,” said Norrie, who becomes the fifth British man in history to defeat a world No 1. “Coming back from injury last year, I lost in the first round of qualies here

Borthwick rips up script with move to hybrids that could lead to Pollock on wing
Steve Borthwick is considering playing his fast-rising back-row Henry Pollock on the wing at some stage this autumn as he seeks fresh impetus in all areas before the looming November Tests.The England head coach says he wants his side to hit the ground running against Australia on Saturday and may also start Ben Earl at centre this season.England’s team to face the Wallabies has already had a significant makeover with Tommy Freeman starting in midfield and no place for either Marcus Smith or Ollie Lawrence in the matchday 23.Six British & Irish Lions players, including Pollock, have been named on the bench with Bath’s 22-year-old flanker Guy Pepper, the Leicester prop Joe Heyes and the Sale wing Tom Roebuck all starting.Part of Borthwick’s rationale is his desire to stick with combinations which went well on tour in Argentina but he is also looking for different ways to maximise the skill sets of dynamic, hybrid players such as Pollock, Pepper and Earl

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Jannik Sinner calls out grand slams for delaying welfare and prize money talks

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