Reported 9 months ago
Illumina will incur a $1.47 billion goodwill impairment charge in the second quarter due to its spun-off cancer diagnostic test maker Grail. This charge is in addition to a potential $420 million impairment charge for Grail's in-process research and development intangible asset. Even though Illumina does not foresee significant future cash expenses from these impairments, the company had to take previous impairments totaling $4.7 billion in light of Grail's higher-than-expected costs and test development delays. Grail expects to record a $888.9 million goodwill impairment charge and a substantial impairment charge for its research and development intangible assets in the second quarter following its recent market debut.
Source: YAHOO
Reported 9 months ago
Liu Baojie, the host of 'Critical Moment,' expressed anger over allegations of Chinese Xinhua News Agency journalists participating in Taiwan's political talk shows and surveillance activities. Liu emphasized the importance of investigating thoroughly, stating that Taiwan should stand up against such interference. The situation has sparked discussions and calls for accountability in media involvement.
Source: YAHOO
Reported 9 months ago
Recent severe flooding in southeast South Dakota has brought criticism to Governor Kristi Noem's leadership as she left the state for a political conference and interview during the crisis. Noem's lackluster crisis communications, failure to activate the National Guard, and inadequate warnings to residents of McCook Lake facing danger have been highlighted. Despite her claims of a solid response effort, the situation exposed flaws in her leadership as residents faced devastation without sufficient support or warning.
Source: YAHOO
Reported 9 months ago
The article discusses how market concentration continues to focus on Big Tech with no significant catalysts, indicating that this trend could persist for several years. While other stocks and sectors are worth monitoring, expert insights are shared by Yahoo Finance reporter Jared Blick, pointing out the Communication Services Select Sector's offensive and defensive names as a notable example.
Source: YAHOO
Reported 9 months ago
In Taipei, a pet shop owner in Neihu district took his own life due to the overwhelming pressure of not being able to secure a business license to operate his store. The owner needed consent from neighbors for the operation, but the upstairs neighbor refused to sign the agreement, causing delays in the licensing process. The neighbor cited concerns related to hygiene, noise, and odors. The tragic incident sheds light on the challenges faced in obtaining legal permits for businesses, emphasizing the importance of seeking help in times of distress.
Source: YAHOO
Reported 9 months ago
Saudi property developer Dar Global, the international arm of Dar Al Arkan Real Estate Development Company, aims to invest $300 million in luxury homes in New York, Miami, and Los Angeles. They are seeking partnerships with top real estate developers and plan to announce their first U.S. project by year-end. While open to raising debt for financing, Dar Global intends to invest in equity and targets selling at least half of the homes to non-U.S. buyers. Although they have partnered with the Trump Organization in Oman, they believe Trump and Kushner companies may not align with their international buyer focus for U.S. expansion.
Source: YAHOO
Reported 9 months ago
The term 'hermeneutic labor' refers to the emotional work often left to women in relationships, where they decode others' needs while navigating their own. It highlights the importance of emotional balance and communication in relationships, as neglecting emotional work can lead to breakdowns. Gendered burden in emotional labor can strain relationships and impact other areas of life, but addressing and balancing this labor through improved communication can lead to healthier and more fulfilling relationships.
Source: YAHOO
Reported 9 months ago
Nokia將以23億美元的企業價值收購Infinera Corp，以擴展其光學網路業務，尤其在北美市場。這筆交易使Infinera的股價急升近22%，每股6.65美元的交易價格相當於對Infinera收盤價5.26美元的26.4%溢價。Nokia將至少70%現金支付Infinera。預計這筆交易將在收購後第一年增加經認可每股收益，並在2027年將利潤提高10%以上。
Source: YAHOO
Reported 9 months ago
Growing up in the 1980s, ice cream options were limited, but now the world of ice cream has expanded with endless choices. In New York City, there are numerous spots to explore the diverse ice cream culture, from classic soft serve to unique flavors like basil or rhubarb balsamic. Some highlighted places include Bodega, Ample Hills Creamery, Bananas, Morgenstern's Finest Ice Cream, and Chinatown Ice Cream Factory. Don't miss out on experiencing the ice cream scene all year round in NYC!
Source: YAHOO
Reported 9 months ago
Starting on July 1, a new system for recording violations of YouBike regulations in Northern Taiwan and Taoyuan will be implemented, allowing the general public to record and report violations such as riding on unauthorized sidewalks and riding on walkways. Accumulating 7 points within a year will result in a 1-year suspension. The news quickly sparked discussions on PTT. Users who are reported for driving under the influence face a 2-year suspension. The public can report violations by recording videos or taking photos, leading to potential penalties if confirmed by YouBike. Once suspended, users will not be able to rent bikes nationwide.
Source: YAHOO
Reported 9 months ago
台電近日推出住商節電試辦計畫，讓民眾遠端控制智慧家電設備，如冷氣開關，以節省能源。這項計畫由民眾自由決定是否參與，台電與工研院合作，推出為期5個月的自動需量反應方案，提供電費優惠，鼓勵節能行動。
Source: YAHOO
Reported 9 months ago
S&P Global has named Martina Cheung as their new CEO, taking over from Douglas Peterson. Cheung, an insider with 14 years of experience at S&P Global, will officially assume the CEO position on November 1. Peterson will stay on the board until May 2025 and serve as a special adviser until December 31, 2025. This leadership transition comes amidst optimistic expectations for the U.S. Federal Reserve's avoidance of recession and increasing investor interest in analytics and data products, benefitting companies like S&P Global. Cheung, who currently leads S&P Global Ratings with $3.3 billion in annual revenue, will also serve as the company's president and join the board.
Source: YAHOO
Reported 9 months ago
The Drewry World Container Index reveals that 40-foot shipping container costs have risen over 250% from last year, with recent violence in the Red Sea leading to higher shipping rates as vessels opt for safer, longer routes. Factors such as heightened import volumes, geopolitical disruptions forcing longer routes, and powerful shipping container lines managing prices post-COVID contribute to the surge in shipping rates. FreightWaves' Craig Fuller discusses the impact on global trade, highlighting increased pricing power of shipping companies and potential disruptions from dock worker strikes in the US.
Source: YAHOO
Reported 9 months ago
Nike's fiscal third-quarter earnings show a revenue miss but an EPS beat, leading to a 4% dip in shares. Analysts express concerns about sales growth, Greater China performance, and product innovation to reignite the brand. Amid challenges and mixed economic conditions, Nike aims to capitalize on upcoming events like the Olympics. Investors look to the earnings call for insights on gross margins, sales outlook in key regions, and potential catalysts to address current concerns.
Source: YAHOO
Reported 9 months ago
Kendall Jenner's recent visit to the Louvre Museum in Paris without wearing shoes has sparked a debate among fans. Despite posing in front of famous artworks like the Mona Lisa and the Venus de Milo, fans focused on her bare feet. Kendall has been spending time in Paris for various events, including attending the June 23 Vogue World event and having a night out with ex-boyfriend Bad Bunny. Their friendly interactions have been noted after catching up at the 2024 Met Gala.
Source: YAHOO
Reported 9 months ago
Fast food chains like Taco Bell, McDonald's, and KFC are introducing value meal deals to attract more customers. The rise of value meals, along with innovations like the Solana ETF by Van Eck, is aimed at increasing foot traffic and boosting sales. Analysts believe that these strategies will help combat the perception of fast food being too expensive and stimulate consumer engagement. Companies like Taco Bell are also leveraging digital rewards and loyalty programs to enhance customer experience and drive frequency. These initiatives are expected to support the restaurant industry in recovering from declining foot traffic and provide investment opportunities in the market.
Source: YAHOO
Reported 9 months ago
Entertainment news covering the recent legal dispute involving Xie He-Xian and Chen Siang-Ni being turned into a high school exam question. Xie He-Xian expressed dissatisfaction towards a senior high school teacher in New Taipei and criticized the teacher for using a pseudonym in the test question instead of directly mentioning his ex-wife, Keanna. Xie He-Xian's wife, Chen Siang-Ni, responded by stating that the situation has caused anger amongst family and friends, and she advised not to let it affect them too much as it has now entered the realm of school exams for minors. Chen Siang-Ni also warned against getting too deeply involved in the personal matters of others, emphasizing that the public has no real connection to their private affairs.
Source: YAHOO
Reported 9 months ago
Citi Global Markets presents data on the impact of election years on different sectors, with Yahoo Finance reporter Alexandra Canal discussing the trend. Sectors tend to perform well during election years when an incumbent is on the ballot, showing reduced volatility and increased average returns, particularly in the information technology sector. Continuity in policy is seen as a driving factor for this trend, with the tech sector historically being a strong performer. In 2024, sectors like tech and communication services are showing significant gains, indicating the potential for further growth compared to previous election years.
Source: YAHOO
Reported 9 months ago
Nvidia's soaring popularity has driven a significant increase in assets for ETFs focused on the AI chip-maker, becoming favored trading vehicles for retail investors with trading volumes at record highs. The ETF industry has witnessed the impact of greater exposure to Nvidia, with only a fraction managing to outperform the S&P 500 without it since the company's rise as an AI leader. Products offering leveraged exposure to Nvidia have seen substantial inflows, highlighting the stock's dominance in shaping ETF performance.
Source: YAHOO
Reported 9 months ago
Source: INVESTORS
Reported 9 months ago
In this article, a relationship coach shares personal experiences and insights on why getting over a situationship can be more challenging than getting over a long-term relationship. Situationships lack defined commitments and boundaries, leading to unclear expectations and difficulties finding closure. The unexpected nature of situationship breakups, lack of emotional validation, and feelings of isolation contribute to the pain of ending a situationship. The coach provides advice on how to navigate the grief and find closure after a situationship ends, emphasizing the importance of allowing oneself to fully experience and process the breakup.
Source: YAHOO
Reported 9 months ago
McCormick's CEO Brendan Foley discusses the company's strong second quarter results, attributing the success to increased demand for spices and seasonings in Europe, the Middle East, and Africa. Foley highlights the trend of value-seeking behavior among consumers and how McCormick can leverage this by offering quality products at reasonable prices. He notes the shift towards more perimeter shopping and reduced dining out, creating a market opportunity for spices and seasonings as consumers seek flavorful options for home-cooked meals.
Source: YAHOO
Reported 9 months ago
On Friday, June 28, investors should pay attention to the release of May's Personal Consumption Expenditures (PCE) index, June consumer sentiment data, and speeches from Federal Reserve officials Tom Barkin, Michelle Bowman, and Mary Daly. These events are crucial indicators for the economy and the Federal Reserve's monetary policy decisions, with analysts predicting trends in inflation and consumer confidence. Bowman's recent remarks hint at a cautious stance on rate cuts.
Source: YAHOO
Reported 9 months ago
Source: INVESTORS
Reported 9 months ago
After being barred from the U.S. for five years due to a visa revocation, Mexican musician Codiciado made a successful comeback by reinventing himself as a solo artist. His separation from Grupo Codiciado led to a triumphant return, marked by a sold-out tour and a top 10 placement on the Latin Pop Airplay chart. Codiciado's dedication to his music, style, and community involvement has solidified his position in the industry, with plans for a second leg of his U.S. tour and a new album in the works.
Source: YAHOO