Reported about 1 year ago
Shares of SolarEdge Technologies are declining as one of its customers, PM&M Electric, filed for bankruptcy, leading SolarEdge to expect negative free cash flow of $150 million in the current quarter. Additionally, the company plans a $300 million convertible note offering, which will dilute existing shareholders' value. Analysts predict challenges ahead despite inventory overhang and advise holding off on investment.
Source: YAHOO
Reported about 1 year ago
Warner Bros. Discovery is shifting its approach to big-budget series by relocating upcoming projects such as the 'Harry Potter' series and 'Welcome to Derry' from HBO Max to its linear network, HBO. This strategy rethink also includes transferring the Green Lantern series 'Lanterns' to HBO, leaving uncertainty about other projects like 'The Penguin' and 'Dune: Prophecy.' While these titles will still be available on Max, this move signals a lack of confidence in scripted streaming originals for the company under David Zaslav's leadership.
Source: YAHOO
Reported about 1 year ago
A federal lawsuit filed in 2022 over the sinking of the Golden Ray cargo ship, carrying $142 million worth of cargo when it capsized off the coast of Georgia in September 2019, has been settled. The Marshall Islands-flagged vessel sank after leaving the Port of Brunswick with nearly 4,200 vehicles. The settlement details were not disclosed, and the sinking was attributed to an error by the chief officer. The aftermath caused environmental and economic harm, including fires and oil spills.
Source: YAHOO
Reported about 1 year ago
诺和诺德（Novo Nordisk）的股票价格飙升至创历史新高，因其热门的GLP-1减重药物Wegovy在中国获得批准。在中国的减重药市场中，这是一项重大的进展。该公司已经获得Wegovy在美国的批准，并正在扩大市场至中国。
Source: YAHOO
Reported about 1 year ago
A U.S. appeals court has ruled that Smith & Wesson must comply with a New Jersey subpoena as part of an investigation into deceptive advertising. The court rejected the gun-maker's attempts to quash the subpoena, which seeks documents related to whether the company misled consumers about the safety and legality of its products. The investigation, initiated by the former New Jersey Attorney General and continued by his successor, aims to investigate potential fraud and misconduct under the Consumer Fraud Act.
Source: YAHOO
Reported about 1 year ago
Reddit announced its plan to update its web standard in order to block automated data scraping on its platform. This decision comes after reports revealed that AI startups were skirting the rules to extract content for their systems. The company will be enhancing the Robots Exclusion Protocol, or 'robots.txt,' to limit crawling access, implement rate-limiting, and block unknown bots and crawlers. The move aims to prevent tech firms from using content without permission to train AI algorithms and create summaries. Reddit assured that researchers and organizations like the Internet Archive can still access its content for non-commercial purposes.
Source: YAHOO
Reported about 1 year ago
CDK Global's dealer management software outage, caused by a cyber attack, is not expected to be resolved before the end of June. The software is essential for over 15,000 retail locations in the United States, impacting car dealerships across the country. CDK CEO stated efforts are being made to return operations to normalcy quickly, but the outage has forced dealers to resort to manual processes, affecting Volkswagen and Audi dealers the most and prompting other automakers to monitor the situation closely.
Source: YAHOO
Reported about 1 year ago
美國疾病控制暨預防中心發出了一份健康公告，警告當局、醫療保健提供者和公眾在美國可能感染登革熱的風險增加。根據CDC的資料，今年迄今為止在美國已報告了2,241例病例，其中有1,498例來自美國領土波多黎各，該地在病例數超過歷史紀錄後於3月宣布了公共衛生緊急情況。此外，全球登革熱感染病例也達到了空前的高峰，特別是在拉丁美洲國家，根據CDC的數據，登革熱病例超過970萬例，是2023年的兩倍。
Source: YAHOO
Reported about 1 year ago
Collins Aerospace, a subsidiary of RTX Corp, is in discussions with NASA to withdraw from the contract to develop new spacesuits for astronauts on the International Space Station. This contract, part of a larger $3.5 billion NASA program awarded to both Collins and Axiom Space in 2022, aimed to create suits for the ISS and future moon missions. Due to delays in development, Collins is considering stepping back from the program, potentially leaving Axiom in charge. NASA has faced challenges with its aging spacesuits, leading to recent astronaut spacewalk cancellations at the ISS.
Source: YAHOO
Reported about 1 year ago
After moving to Paris from New York 15 years ago, a Polish-American found that adopting certain French lifestyle habits significantly improved her daily life. These changes included taking real midday breaks for meals, cooking with fresh produce, embracing farm-to-table dining, choosing wine over cocktails, prioritizing sustainability in fashion, and learning to disconnect from work by taking extended breaks, particularly in August. These adjustments allowed her to fully embrace the French culture and enjoy a more mindful and slower-paced lifestyle.
Source: YAHOO
Reported about 1 year ago
The U.S. Department of Agriculture has announced that Kansas, Nebraska, New Mexico, and Texas will initiate voluntary pilot programs to test bulk milk tanks on dairy farms for bird flu. This move aims to facilitate interstate herd shipping for farmers and enhance public health monitoring of the virus's spread. The program allows farmers to move herds across state lines without additional testing if bulk milk samples test negative for H5N1 for three consecutive weeks, with ongoing regular monitoring required. The initiative is part of efforts to curb bird flu dissemination and improve virus understanding among cattle herds while addressing safety concerns in dairy products.
Source: YAHOO
Reported about 1 year ago
Leveraged ETFs tracking Nvidia's performance have attracted $5 billion in investments, showing a remarkable 425% increase this year despite a recent 16% correction in Nvidia's stock. These leveraged funds, such as T-REX 2X Long NVIDIA Daily Target ETF, are designed for short-term trades but have also captured retail investors' interest, with the Nvidia-focused ETFs collectively amassing $5 billion. In comparison, other leveraged ETFs targeting mega-cap tech stocks like Apple, Alphabet, Amazon, Meta Platforms, and Microsoft have attracted significantly lower assets under management.
Source: YAHOO
Reported about 1 year ago
Dutch beach volleyball player Steven van de Velde, who raped a 12-year-old British girl, has qualified for the Paris Olympics despite serving only 12 months of his prison sentence. Van de Velde, now 29, has been allowed to rehabilitate his Olympic career and will be competing in the national pair at the games. His qualification raises ethical concerns for the International Olympic Committee, given the severity of his crime and the requirement for athletes to act as role models. Van de Velde's comeback remains controversial, with his victims and child protection organizations expressing dismay at his lack of remorse and self-pity.
Source: YAHOO
Reported about 1 year ago
LinkedIn co-founder Reid Hoffman criticized the $6 billion valuation of former President Donald Trump's social media company, Truth Social, as being wildly inflated, with the company generating little revenue compared to its valuation. Despite recent fluctuations in its share price, experts like Jay Ritter and Barry Diller have expressed skepticism over the company's valuation, describing it as a 'meme stock' driven more by hype than fundamentals. Trump's stake in the company is currently valued at nearly $4 billion, down from $6 billion in May, but still significantly higher than its revenue generation.
Source: YAHOO
Reported about 1 year ago
On June 26, 2024, suspects used Marvel hero 'Black Panther' as packaging for drug-laced coffee. The Criminal Investigation Bureau's Third Division, Second Team, along with the Taichung City Government Police Department's Sixth Division, received a tip-off about a drug manufacturing group led by a suspect surnamed Lin. The group was selling drug-laced coffee in the form of packaged products. After a lengthy investigation, three suspects were arrested, along with the seizure of a packaging plant and over 2,000 finished drug coffee packages, among other evidence. The group attracted young buyers by using popular Marvel movie heroes like 'Iron Man' and 'Black Panther'. Authorities are continuously cracking down on drug-related crimes and urge the public to report suspicious activities to help combat drug crimes in the community.
Source: YAHOO
Reported about 1 year ago
The Securities and Exchange Commission (SEC) is still considering its next steps after a court blocked new rules requiring hedge funds and private equity firms to disclose more about their fees and expenses to investors. SEC Chair Gary Gensler mentioned that the agency is assessing how to proceed after an appeals court deemed the regulation an overreach of authority. The ruling was seen as a setback for Gensler's transparency efforts, with hedge fund and private equity firms welcoming the decision and challenging other SEC moves.
Source: YAHOO
Reported about 1 year ago
During the Bloomberg Invest conference, Boaz Weinstein from Saba Capital Management expressed that a re-election of President Joe Biden would benefit the US bond market more than a second presidency for Donald Trump. Weinstein highlighted Biden's focus on what's good for America rather than the stock market, emphasizing the potential impact on bonds. While acknowledging Trump's unpredictability could lead to volatility, Weinstein also noted the historical low volatility levels during Trump's term in 2017. Regardless of the election outcome, Weinstein suggested that change typically brings volatility to the market.
Source: YAHOO
Reported about 1 year ago
André 3000, the former Outkast rapper and musician, has announced a North American tour this fall in support of his flute-filled solo album 'New Blue Sun'. The tour will run from September to mid-November, covering cities such as New Orleans, Houston, Los Angeles, Chicago, Brooklyn, and more, where fans can enjoy his unique instrumental act. Tickets go on sale on June 28, offering fans an opportunity to experience the mellow sounds of his flute and accompanying band.
Source: YAHOO
Reported about 1 year ago
Citi Senior Global Economist Robert Sockin discusses in an exclusive interview with Yahoo Finance the challenges low-income consumers face due to rising food prices, with US Secretary of the Treasury Janet Yellen addressing the inflationary prices observed in grocery stores and restaurants. Sockin highlights the need for policies like value meals to alleviate the burden on consumers, noting the slow adjustment to higher food prices despite income gains, expressing hope for less burdensome conditions in the future.
Source: YAHOO
Reported about 1 year ago
Scientists are exploring the idea that a meteor shockwave, rather than a physical impact, could have caused the rapid climate change that led to the extinction of woolly mammoths. Through evidence like elevated levels of combustion aerosols in Greenland's ice cores and the presence of platinum and microspherules in various dig sites, researchers believe a significant meteor explosion near Earth may have triggered a global climate event, supporting the controversial Younger Dryas impact hypothesis. While lacking a physical crater, the team argues that the distribution of shock-fractured quartz at multiple locations indicates a major impact event. Despite being a debated theory, the researchers are convinced that the evidence aligns with a catastrophic event that contributed to the extinction of megafauna like woolly mammoths.
Source: YAHOO
Reported about 1 year ago
BTS 成員金泰亨宣布新音樂計畫 'Type 1'，讓粉絲驚訝不已。這個新作品預計將於7月9日推出，而目前尚不清楚是新單曲還是專輯。此消息是在社交媒體上分享的，同時附有一張火辣的封面照片，展示金泰亨身穿無袖在牆邊倚靠，手伸進褲子腰帶的樣子。金泰亨在去年12月寫下一封感人的信，表示他已為自己的18個月服役準備了很多東西，並期待著未來與粉絲一起創造美好回憶。
Source: YAHOO
Reported about 1 year ago
Chairs can be utilized for total-body strength exercises at home with benefits for individuals at different fitness levels, including seniors, pregnant women, and advanced exercisers. Chair exercises provide stability, support, and muscle-building opportunities without excessive joint stress. Safety tips, ideal chair features, and a program for optimal chair workouts are also highlighted in the article.
Source: YAHOO
Reported about 1 year ago
During the premiere of their movie 'Horizon: An American Saga,' Kevin Costner teared up after hearing his 15-year-old son Hayes praise their work together. Hayes expressed how fun and amazing it was to learn from his dad, who directed him in the film. Costner was visibly moved by his son's words, saying it 'feels good' to receive such praise. The proud dad also shared his experience working with Sienna Miller and highlighted Hayes' growth as an actor during the production.
Source: YAHOO
Reported about 1 year ago
Shares of Nvidia surged over 6% on Tuesday, reaching a market cap exceeding $3 trillion, following news that the company entered a partnership to provide AI technology to telecom company Ooredoo in the Middle East. Despite concerns about the sustainability of Nvidia's growth, experts believe that the adoption of AI is still in early stages, with generative AI projected to become a $1.3 trillion market by 2032. With Nvidia stock priced at around 35 times forward earnings, the ongoing AI opportunity presents a promising investment potential.
Source: YAHOO
Reported about 1 year ago
Billy Ray Cyrus continues to be embroiled in drama with his third divorce, now accusing his estranged wife, Firerose, of being the abusive one in their marriage. He refuted her allegations of extreme abuse and fraud, claiming she sensationalized the situation for false complaints. Cyrus' attorney and manager also supported his claims, stating that Firerose was the one who had been abusive towards him. Firerose's camp refuted Cyrus' claims, alleging they are abusive tactics to divert from the true allegations against him.
Source: YAHOO