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Would you want to be in a group chat with your favorite sports celebrities and athletes? You’ll have your chance this fall, thanks to a collaboration between WhatsApp and OffBall. OffBall, a year-old sports media startup that focuses on careful curation for its followers, announced on Friday that it was bringing back The Chat, which it had previously conducted with sports stars such as LeBron James. The franchise is designed to get users to participate in big group chats and discuss sports or anything else. High-profile personalitiessuch as professional athletes or othersalso take part, and everyone can text or message each other like any other group chat, or simply follow along with the discussion. With the success of previous iterations of The Chat, OffBall is going to hold additional Chats, featuring F1 driver Daniel Ricciardo, media personality Kylie Kelce (wife of former NFL player Jason Kelce, and future sister-in-law of Taylor Swift), and NBA players Tyrese Maxey and Tyrese Haliburton. The Chats will occur during live sporting events, allowing fans to engage and discuss whats happening, Offball said. The company describes it as a unique “second screen” experience. Heres the announced schedule for the future chats: October 19: F1 Austin Grand Prix with Daniel Ricciardo, Hunter Lawrence, and Jett Lawrence. November 12: NBA Los Angeles Lakers versus Oklahoma City Thunder with Tyrese Maxey and Tyrese Haliburton. November 23: NFL Indianapolis Colts versus Kansas City Chiefs with Kylie Kelce and Caleb Hearon. In an interview published earlier this year by Lia Haberman on her Substack newsletter ICYMI, OffBall cofounder Michaela Hammond said that The Chat was born of athletes love of social media, and fans love of group chatting around sports. The Chat is built on an existing product feature on WhatsApp called Communities,” Hammond said. “People already use it for larger community-based chats, like neighborhoods, parents at a school, and workplaces.
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E-Commerce
The U.S. has succeeded in blocking a global fee on shipping emissions as an international maritime meeting adjourned Friday without adopting regulations. The worlds largest maritime nations had been deliberating on adopting regulations to move the shipping industry away from fossil fuels to slash emissions. But U.S. President Donald Trump, Saudi Arabia, and other countries vowed to fight any global tax on shipping emissions. The U.S. had threatened to retaliate if nations support it. Trump urged countries to vote “No” at the International Maritime Organization headquarters in London, posting on his social media platform Truth Social on Thursday that the United States will not stand for this global green new scam tax on shipping. The IMO is the United Nations agency that regulates international shipping. Saudi Arabia called for a vote to adjourn the meeting for a year. More than half of the countries agreed. Now you have one year, you will continue to work on several aspects of these amendments, Arsenio Dominguez, secretary general of the International Maritime Organization, said in his closing remarks. You have one year to negotiate and talk and come to consensus. Ralph Regenvanu, minister for climate change for the Pacific Island nation of Vanuatu, said the decision is unacceptable, given the urgency we face in light of accelerating climate change. If the green shipping regulations were adopted, it would have been the first time a global fee was imposed on planet-warming greenhouse gas emissions. Most ships today run on heavy fuel oil that releases carbon dioxide and other pollutants as its burned. The delay leaves the shipping sector drifting in uncertainty. But this week has also shown that there is a clear desire to clean up the shipping industry, even in the face of U.S. bullying, said Alison Shaw, IMO Manager at Transport & Environment, a Brussels-based environmental nongovernmental organization. Shipping emissions have grown over the past decade to about 3% of the global total as trade has grown and vessels use immense amounts of fossil fuels to transport cargo over long distances. In April, IMO member states agreed on the contents of the regulatory framework, with the aim of adopting the Net-Zero Framework at this London meeting. Adopting the regulations was meant to demonstrate how effective multilateral cooperation can deliver real progress on global climate goals, said Emma Fenton, senior director for climate diplomacy at a U.K.-based climate change nonprofit, Opportunity Green. Delaying the process risks undermining the framework’s ambitions, they added. The regulations would set a marine fuel standard that decreases, over time, the amount of greenhouse gas emissions allowed from using shipping fuels. The regulations also would establish a pricing system that would impose fees for every ton of greenhouse gases emitted by ships above allowable limits, in what is effectively the first global tax on greenhouse gas emissions. The IMO, which regulates international shipping, set a target for the sector to reach net-zero greenhouse gas emissions by about 2050, and has committed to ensuring that fuels with zero or near-zero emissions are used more widely. What matters now is that countries rise up and come back to the IMO with a louder and more confident yes vote that cannot be silenced, said Anas Rios, shipping policy officer for Seas At Risk. “The planet and the future of shipping does not have time to waste. ___ The Associated Press climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find APs standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org. Sibi Arasu and Jennifer McDermott, Associated Press
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E-Commerce
The U.S. stock market seems to be steadying on Friday, as banks recover some of their sharp losses from the day before. The S&P 500 slipped 0.2% in midday trading. The Dow Jones Industrial Average was up 23 points, or 0.1%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was 0.5% lower. All three indexes drifted between gains and losses through the morning, but the moves weren’t as jarring as the big hour-to-hour swings they had earlier in the week. Drops for Big Tech stocks weighed on the market, including a 0.5% dip for Nvidia. Theyre fighting criticism that their stock prices have soared too high because of the frenzy around artificial-intelligence technology, even though their profits have also been growing quickly. Bank stocks stabilized after several reported stronger profits for the latest quarter than analysts expected, including Truist Financial, Fifth Third Bancorp, and Huntington Bancshares. That helped steady the group, a day after tumbling on worries about potentially bad loans hitting smaller and mid-sized banks. The two banks at the center of Thursdays action also rose Friday to trim some of their sharp losses. Zions Bancorp., which is charging off $50 million of loans where it found apparent misrepresentations and contractual defaults by the borrowers, added 2.8% following its 13.1% loss. Western Alliance Bancorp, which is suing a borrower due to allegations of fraud, rose 1.3% after its 10.8% fall on Thursday. Scrutiny is rising on the quality of loans that banks and other lenders have broadly made following last months Chapter 11 bankruptcy protection filing of First Brands Group, a supplier of aftermarket auto parts. One of the financial firms that could feel pain because of First Brands’ bankruptcy, Jefferies Financial Group, rose 5.1% Friday. It had lost roughly 30% of its value since mid-September. The question is whether the lenders problems are just a collection of one-offs or a signal of something larger threatening the industry. Uncertainty is high following a long stretch where many borrowers were able to keep running, even with the weight of higher interest rates. And with prices soaring to records for all kinds of investments, the appetite for risk may have gotten too high. JPMorgan CEO Jamie Dimon addressed the issue on an earnings conference call with analysts earlier this week. When you see one cockroach, there are probably more, Dimon said. Everyone should be forewarned on this one. But banks make loan loss provisions and typically have plenty of capital to keep the cockroaches from causing structural damage, said Brian Jacobsen, chief economist at Annex Wealth Management. Based on earnings and data so far, it looks like this isnt an infestation and that the potential canary in the coal mine is probably passed out and not dead. Trading has been shaky on Wall Street, with stocks regularly swinging between gains and losses, since President Donald Trump threatened to crank tariffs much higher on China at the end of last week. But Trump told Fox News Channel’s Sunday Morning Futures that such high tariffs are not sustainable, helping to ease some of the worries. He also said that he would meet with Chinas leader, Xi Jinping, at an upcoming conference in South Korea after earlier saying there seemed to be no reason for such a meeting. In the bond market, Treasury yields steadied following their sharp slides from Thursday, which came as investors rushed into investments seen as safer. The yield on the 10-year Treasury edged up to 4.00% from 3.99% late Thursday. Gold also pulled back from its latest record as more calm seeped through the market. The price for an ounce slipped 1.3% to fall back to $4,247.40, but it’s still up more than 60% for the year so far. Besides worries about tariffs, gold’s price has also surged on expectations for coming cuts to interest rates by the Federal Reserve and concerns about the massive amounts of debt that the U.S. and other governments worldwide are building. In stock markets abroad, indexes tumbled across much of Europe and Asia after Wall Street’s weakness from Thursday moved westward. Germanys DAX lost 1.7%, and Hong Kongs Hang Seng sank 2.5% for two of the worlds bigger moves. Stan Choe, AP business writer AP Writers Teresa Cerojano and Matt Ott contributed.
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E-Commerce
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