Reported 12 months ago
Apple Inc. is set to have an observer role on OpenAI's board under a recent agreement, strengthening the relationship between the two companies. Phil Schiller, Apple's App Store head and former marketing chief, will be the board observer. This move follows Apple's plan to integrate ChatGPT into its devices in June. The arrangement will commence later this year. Microsoft is also a major backer of OpenAI. Schiller doesn't lead Apple's AI initiatives but is well-suited for the role due to his brand stewardship. This partnership doesn't involve financial transactions; instead, it grants OpenAI access to millions of potential users and offers Apple a sought-after chatbot feature.
Source: YAHOO
Reported 12 months ago
Google's annual environmental report revealed a 48% increase in greenhouse gas emissions over five years, attributing it to the integration of artificial intelligence into its core products. The company's goal of eliminating carbon emissions by 2030 is becoming more challenging due to higher energy consumption at data centers and emissions from its supply chain. The report highlighted the significant impact of AI, particularly generative AI, on increasing energy demands and potentially hindering emission reduction efforts in the future, aligning with trends observed in other tech companies like Microsoft. The rapid growth of AI has caught companies off guard, requiring a reevaluation of environmental goals in light of the energy-intensive nature of this technology.
Source: YAHOO
Reported 12 months ago
Summer House star Ciara Miller, who dated costar West Wilson, is now single and dating after their split in December. Miller expressed feeling less inclined to date a costar again and shared her struggle with watching the show back. She values support from female fans and older viewers, appreciating their perspective. Despite still having feelings for Wilson, she remains uncertain about rekindling their relationship and plans to return to the Summer House for season 9.
Source: YAHOO
Reported 12 months ago
As Hurricane Beryl approaches the Caribbean, the earliest Category 5 storm in the Atlantic, travel demand for the upcoming July Fourth holiday is expected to reach record numbers with 70.9 million Americans planning to travel, especially by road. AAA Travel's Paula Twidale highlights that the strong demand indicates continued interest in travel post-pandemic, with popular destinations including the Pacific Northwest, theme parks, and major cities like New York and Chicago, as well as high international travel activity.
Source: YAHOO
Reported 12 months ago
Source: BARRONS
Reported 12 months ago
The 37th Chinese Hundred Flowers Awards nomination list was recently announced with mainstream stars like Liu Dehua and Wang Junkai nominated for Best Actor, while netizens criticized the absence of seasoned actors such as Shen Teng and Wang Baoqiang in favor of newer generation 'traffic stars'. The nomination list sparked heated discussions on social media, with keywords like 'Hundred Flowers Awards jokes' trending. While some netizens expressed concerns over the domination of traffic stars, others defended the nominees' improved acting skills regardless of their popularity.
Source: YAHOO
Reported 12 months ago
羅賓漢市場一直在不斷發展，但仍未跨足提供全面的投資建議領域。然而，最新的收購可能指出了它有朝一日可能如何運作。羅賓漢宣布收購Pluto Capital，後者提供由人工智能驅動的投資研究，根據客戶需求和財務目標提供高度定制的投資策略。這種信息當然可以幫助人們做出自己的投資決策。然而，Pluto不提供所謂的自動顧問所做的工作，即實際管理資產並為用戶進行交易。羅賓漢尚未明確說明如何具體整合Pluto的投資研究。
Source: YAHOO
Reported 12 months ago
Steve Ballmer, who initially didn't receive any company shares upon joining Microsoft, is now wealthier than the company's founder, Bill Gates. With a net worth of $157 billion, Ballmer has become the sixth richest person globally, surpassing Gates due to the surge in Microsoft's shares. While Gates diversified his investments and focused on philanthropy, Ballmer's wealth was primarily boosted by his 4% stake in Microsoft worth $22.5 billion that he held on to since leaving in 2014. Despite not having any initial shares, Ballmer's 8% stake and profit-sharing deal negotiation with Gates and Paul Allen contributed significantly to his current wealth.
Source: YAHOO
Reported 12 months ago
Homebuilder stocks are facing downgrades as analysts express worries about a weakening in crucial areas like Florida and Texas, with concerns about a 'sluggish' housing market persisting in the second half of the year. Companies like Lennar Corp. and D.R. Horton Inc. were downgraded by Citigroup Inc. and Raymond James Financial Inc. analysts, with a focus on worsening housing fundamentals and rising home inventories in key markets. Shares fell for these companies after a strong 2023, reflecting an industry-wide trend of more measured growth in 2024.
Source: YAHOO
Reported 12 months ago
In preparation for Wednesday, July 3rd, investors should keep an eye on various key events. The Federal Reserve will release the June FOMC meeting minutes. New York Fed President John Williams will speak before the release. Additionally, June ADP employment data is expected to show an increase, Constellation Brands will announce its first quarter results, and the markets will close early in anticipation of the Fourth of July holiday.
Source: YAHOO
Reported 12 months ago
Rivian clarified that they have no plans to produce vehicles with Volkswagen after a report hinted at early talks for extending their partnership. The potential extended partnership with VW was rumored to involve producing Rivian's R2 SUVs at VW's South Carolina plant, although Rivian debunked this claim. Rivian remains focused on producing the R2 at their Illinois and upcoming Georgia plants. Last week, VW announced a $5 billion investment in Rivian to collaborate on electrical architecture and software, providing a boost for Rivian in the EV market.
Source: YAHOO
Reported 12 months ago
Sanders Morris Harris Chairman George Ball suggests the economic environment may resemble a 'Winnie the Pooh' economy, which is characterized by a balance between the Federal Reserve's inflation policies and American business growth. Fed Chair Jerome Powell notes progress in reducing inflation and acknowledges the positive trajectory. Despite not being a Goldilocks scenario, businesses are thriving, making healthy profits even in a higher interest rate climate. Looking ahead, Ball predicts a potential dip in profits and the stock market in late 2024 or 2025, emphasizing the importance for investors to stay the course in their portfolios amidst market fluctuations.
Source: YAHOO
Reported 12 months ago
Source: BARRONS
Reported 12 months ago
Small cap stocks, represented by the Russell 2000 index, have been underperforming compared to large caps like the S&P 500. SS&C ALPS Advisors chief ETF strategist Paul Baiocchi explains that the current low valuation of small caps relative to large caps historically indicates a potential for strong future performance. Despite muted earnings growth, there are opportunities for investors in small caps, such as the ALPS O'Shares US Small-Cap Quality Dividend ETF, which screens for profitable, low-leverage companies with strong dividends.
Source: YAHOO
Reported 12 months ago
Oakley founder James Jannard listed his Beverly Hills cement compound for $68 million shortly after setting a record with a $210 million Malibu mansion sale. The 18,000 square feet futuristic fortress features five bedrooms, 10 bathrooms, and brutalist design with bare cement walls, aluminum ceilings, and metal fixtures. Inspired by Stonehenge and designed for a sweeping view of Los Angeles, the mansion also includes a movie theater, a gym, a wine cellar, and an elevator, showcasing Jannard's unique and luxurious taste in real estate.
Source: YAHOO
Reported 12 months ago
Actress Kate Beckinsale, coping with heartbreaking news, shared a video on Instagram where she can be seen mooning a department store in London the day after her cat Clive passed away, following earlier losses including her stepdad's death and a hospitalization. Despite mixed reactions, Beckinsale's post was defended by some followers who appreciated her sense of humor during tough times.
Source: YAHOO
Reported 12 months ago
UBS's Alejo Czerwonko discusses the evolution of emerging markets, emphasizing that they have advanced considerably compared to the past. While 30 years ago emerging markets faced challenges like high inflation and fiscal irresponsibility, now over 50% are investment grade and boast healthy balance sheet companies. Particularly, there are strong possibilities in Latin American bonds and Asian tech sector companies. Political uncertainty and global events like the US election may impact emerging markets, with different regions like India and China exhibiting unique trends and performance in equities.
Source: YAHOO
Reported 12 months ago
職籃球隊啦啦女神Mika蜜卡登因個人生涯規劃離隊，消息曝光後引發粉絲震撼。Taishin Wonders透過IG發聲明感謝Mika的付出，祝福她未來發展順遂。Mika離隊前也對球團表示感謝，讚揚球團的暖心與用心。
Source: YAHOO
Reported 12 months ago
阿拉巴馬州一名女性最近在從汽車卸下食品時被一只瘋狂的狐狸咬傷，根據當地報導指出。該名阿特莫爾女性，其姓名未曝光，據報當時手拿一條麵包，當突然被一只狐狸襲擊並咬傷，根據阿拉巴馬州公共衛生部（ADPH）的聲明。這名被描述為“年紀較大”的女性接受了後期的治療以預防狂犬病感染。狐狸被送到阿拉巴馬州公共衛生局臨床實驗室，經測試確診為狂犬病。
Source: YAHOO
Reported 12 months ago
哈莉·威爾奇最近在TikTok上以“猛禽突襲女孩”的身份爆紅，現在已經與經紀公司The Penthouse簽約代表。The Penthouse的創辦人強尼·福斯特表示：“整個世界都為海莉瘋狂！我很高興我們的團隊能夠引導這艘火箭。所有的播客人都是對的，和她在一起五分鐘，你就會明白為什麼她是美國的寵兒。”威爾奇現在計劃啟動自己的社交媒體頻道，在Tim & Dee TV的街頭訪談後因一個色情片段而成為網紅，她表示她的生活已經改變，並感謝上帝。
Source: YAHOO
Reported 12 months ago
Eva Amurri, daughter of Susan Sarandon, responded to critics 'scandalized' by the cleavage on her wedding dress by sharing images on Instagram and dismissing the negative feedback. Amurri, who wanted to feel 'sexy but elegant,' chose a corseted gown for her intimate ceremony in upstate New York with only 40 guests, including her three children. Despite rain and social media trolling, the wedding was described as magical by Amurri, who highlighted the special moments shared with her husband and children during the ceremony.
Source: YAHOO
Reported 12 months ago
Traders in the Treasury market are anticipating higher long-term bond yields with speculation about Donald Trump's potential return to the White House gaining traction. The steepener trade, where traders are buying shorter-term notes and selling longer-term ones, has seen increased open interest, indicating a growing risk appetite for this bet. Wall Street strategists are also advising clients to prepare for higher inflation and bond yields in a scenario where Trump wins the election, further fueling this trend.
Source: YAHOO
Reported 12 months ago
Federal Reserve Chair Jerome Powell's comments on the 'disinflationary path' of recent economic data led to a rally in the US stock market, with the S&P 500 closing above 5,500 for the first time and the Nasdaq reaching a record high. Investors were also optimistic about job openings increasing unexpectedly in May. Meanwhile, sectors like Consumer Discretionary and Tesla saw gains, while concerns arose about Hurricane Beryl affecting oil prices and the housing market showing continued strength despite rising inventory. RBC Capital Markets raised its S&P 500 year-end target, anticipating potential growth in the second half of 2024.
Source: YAHOO
Reported 12 months ago
Asian shares mostly gained as Tesla surged over 10%, driving U.S. benchmarks to new records. Japan's Nikkei rose 0.9% to 40,425.27, Australia's S&P/ASX 200 increased by nearly 0.3%, and South Korea's Kospi edged up by almost 0.1%. Hong Kong's Hang Seng rose 0.9%, while the Shanghai Composite dipped 0.3%. Investors were optimistic about a potential U.S. interest rate cut. On Wall Street, the S&P 500, Dow Jones, and Nasdaq reached new highs, with Tesla leading the surge after reporting better-than-expected sales, while Apple saw a 1.6% gain. The market reacted positively to comments from the Federal Reserve hinting at possible interest rate cuts later in the year. Traders are awaiting Friday's U.S. jobs report and markets will have shortened trading days around the Fourth of July holiday.
Source: YAHOO
Reported 12 months ago
Piper Sandler downgraded CrowdStrike (CRWD) shares from Overweight to Neutral with a $400 per share price target, citing valuation concerns. Analyst Rob Owens believes the stock is overpriced compared to other software companies and notes its high multiple on sales and free cash flow. Despite the downgrade, Owens remains optimistic about CrowdStrike's fundamental performance and future catalysts, even though the stock had been up over 50% year-to-date and 10% since its S&P inclusion announcement.
Source: YAHOO