Reported 4 months ago
Bitcoin has achieved its longest winning streak since March by surpassing $71,000 and being on a five-session winning streak, reflecting growing optimism in global markets due to expectations of Federal Reserve interest-rate cuts. The cryptocurrency market responds positively to decreasing rates, with top-five coins like BNB and Solana experiencing gains. In Japan, DMM Bitcoin plans to raise funds to compensate customers after a major hack. Experts like Michael Novogratz predict Bitcoin could reach a record high of $100,000 amidst a more favorable US political climate for digital assets, signaling a shift from the previous bear market sentiment and scandals in the crypto industry.
Source: YAHOO
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
Japanese workers experienced the largest base pay increase since 1994, indicating that corporate promises to raise wages are taking effect. However, doubts remain as market players question the sustainability of the trend, especially with weaker-than-expected growth in cash wages. Despite the positive trend, pay still lags behind inflation, and the Bank of Japan is carefully monitoring the situation before considering any interest rate adjustments.
Source: YAHOO
Reported 4 months ago
The US dollar rose as the services sector in the US rebounded in May, creating uncertainty regarding the Federal Reserve's expected easing cycle later this year. The Institute for Supply Management reported a rise in the nonmanufacturing purchasing managers index to 53.8 in May, higher than April's 49.4. Despite strong data, market analysts believe the US economy is slowing down, with expectations of only two rate cuts by the Fed this year. The euro turned lower, while the Bank of Canada cut interest rates and the Bank of England and European Central Bank are expected to follow suit. The US private payrolls also increased less than expected in May.
Source: YAHOO
Reported 4 months ago
During the UK election campaign debate, Rishi Sunak focused on warning that Labour leader Keir Starmer would raise taxes, but failed to significantly damage Starmer's image or likability. Polls showed viewers thought it was a close battle, with different surveys giving slight edges to either candidate. Starmer's lead in likability, healthcare, and education issues, along with the UK's economic challenges, could position Labour for a strong outcome. Sunak's struggle to effectively challenge Starmer's appeal indicates the Conservative Party may face difficulties in the upcoming election.
Source: YAHOO
Reported 4 months ago
澳洲央行對通膨高於目標的經濟成本保持警惕，並表示如果必要，將不會猶豫再次加息；雖然其評估仍然建議可能不需要這麼做。央行行長Michele Bullock在周三向參議院委員會表示，雖然風險是平衡的，但更高通膨的成本是他們考慮的因素，如果出現向上的變化，他們非常清楚這些成本更高。Bullock重申，將通膨帶回2-3%的目標是非常重要的，如果看起來沒有達到這個目標，則將不得不採取行動。
Source: YAHOO
Reported 4 months ago
Christian McCaffrey's recent contract extension with the San Francisco 49ers has created $7.4 million in salary-cap space for the franchise in 2024. This deal, coupled with other financial maneuvers, leaves the team with approximately $31.9 million in cap space which could potentially be used for extending contracts of key players like Brandon Aiyuk. The extension solidifies McCaffrey's position with the team until 2027, following respectful negotiations with the 49ers' management.
Source: YAHOO
Reported 4 months ago
Kansas House Speaker Dan Hawkins and Senate President Ty Masterson proposed letting the Kansas City Chiefs shape a plan to use state bonds for a new stadium in Kansas, aiming to woo the Super Bowl champions. A new Kansas nonprofit group named Scoop and Score also launched efforts to bring the Chiefs to Kansas through an online petition and registering lobbyists. The initiative follows a failed local sales tax vote in Missouri, prompting Kansas officials to propose financing a new stadium using sales and alcohol tax revenues, analogous to financing NASCAR's Kansas Speedway. The goal is to bolster the Chiefs and the state's economy, with a special legislative session set to convene June 18 to discuss the proposal.
Source: YAHOO
Reported 4 months ago
A recent PMI report showed that Japan's service sector maintained robust growth in May, with the index remaining above 50 since September 2022. New business continued to grow driven by tourism and a weak yen, with overseas demand rising at the fastest pace since September 2014. However, inflationary pressures persisted as input prices remained high due to factors like rising wages and material costs. Service providers passed these costs on to customers, and the Bank of Japan is expected to hike rates again this year despite a cautious approach to further tightening.
Source: YAHOO
Reported 4 months ago
Indian Prime Minister Narendra Modi is engaging in coalition talks after his party lost its majority in parliament, needing to secure the support of two regional allies to maintain power for a third term. Modi's Bharatiya Janata Party must work with unreliable allies to stay in office, with the opposition also seeking to form a government. Modi's weakened mandate may make economic reforms challenging but India's growth trajectory is expected to remain positive.
Source: YAHOO
Reported 4 months ago
Chicago-based SEKO Logistics announced that the US Customs and Border Protection has conditionally reinstated the company's participation in two important international trade programs, although the specific violations leading to the suspensions have not been disclosed. SEKO is seeking unconditional reinstatements and claims that the lack of direct response from CBP has posed a significant threat to its business, reputation, and clients. This development is closely watched in the industry as customs brokers are rarely targeted in CBP crackdowns, particularly concerning the expedited customs clearance program for direct-to-consumer imports under $800 per day from Chinese companies like Shein, PDD Group's Temu, and ByteDance's TikTok Shop.
Source: YAHOO
Reported 4 months ago
As Tesla's shareholder meeting approaches, NYC Comptroller Brad Lander and other investors are urging against supporting Elon Musk's $46 billion stock options package, citing failed corporate governance and conflicts of interest involving Musk's brother and board members. Lander, managing $271 billion in assets, argues that Musk's pay is unreasonably large and insufficiently governed, with advisory firms recommending against it. Concerns also include Musk's distractions and Tesla facing challenges like global competition and labor disputes, highlighting the importance of an independent board overseeing Musk to safeguard investments across capital markets.
Source: YAHOO
Reported 4 months ago
隨著NBA總決賽將於週四在波士頓舉行，湖人隊仍未找到主教練，據知情人士透露，他們不急於結束過程。雖然內部消息稱過程仍在進行且無法提前結束，但外界仍猜測JJ Redick極有可能成為下任球隊主教練。最近，湖人隊也與其他助理教練進行了討論。
Source: YAHOO
Reported 4 months ago
FreightWaves CEO Craig Fuller and Director of Market Intelligence Zach Strickland discussed the State of Freight at an event in Atlanta, highlighting connections between housing market and trucking. Fuller mentioned how housing crisis affects trucking capacity, debated the role of brokers in market share, predicted a possible trucking bankruptcy, noted a rise in Outbound Tender Rejection Index indicating market balance, and discussed how higher rates might be an inflation reaction due to increased costs. The live session focused on new insights, such as the impact of homelessness and the market responding to seasonal norms.
Source: YAHOO
Reported 4 months ago
在一段最新瘋傳的凱文·杜蘭特（Kevin Durant）影片後，斯蒂芬·柯瑞（Steph Curry）完美回應他的奧運隊友在舞池上的跳舞動作。該影片中，杜蘭特被拍到在夜店練習跳投，引來柯瑞在Instagram上留言「美國 美國 美國 🙌」。儘管杜蘭特在2019年後與金州勇士有點不愉快的分離，但他和柯瑞已修復了關係，並將一同代表美國隊出征今年7月的巴黎奧運。希望在奧運開始前他的舞蹈動作能有所進步。
Source: YAHOO
Reported 4 months ago
At age 33, Snehal Amembal, a new mom, struggled with hand movements and was later diagnosed with Young Onset Parkinson's Disease at 36. This led her to change career paths and become a writer, finding a new passion and sense of identity amidst the challenges of the disease. Balancing motherhood, work, and health, she continues to navigate life with her kids, striving to provide them a normal childhood while dealing with the realities of her condition.
Source: YAHOO
Reported 4 months ago
康涅狄格大学宣布与女子篮球主教练Geno Auriemma签署了一份价值1870万美元的为期五年的合同延长。这份协议将Auriemma的合同延长至2029年4月，确保他会在UConn结束他的职业生涯。阿里埃玛将继续在女篮迅速增长的时期留任，这是大学体育领域发生巨变的时期。
Source: YAHOO
Reported 4 months ago
根據路透社進行的民意調查，外匯策略師表示，美元在接下來的12個月將會略微走弱，並普遍認為美元被高估。儘管分析師們多月來一直預測美元將走弱，但美元仍繼續對大多數主要貨幣保持主導地位，美元指數今年上漲了2.9%。市場普遍預測美聯儲將在今年至少降息一次，而根據最新的利率期貨價格，據路透社5月31日至6月4日期間對75位外匯策略師進行的民意調查，他們預測美元在未來幾個月將放棄部分漲幅。整個局勢在於美國通脹，由美聯儲首選衡量的通脹率為2.7%，未來幾個月的美國通脹率將是決定性的因素。
Source: YAHOO
Reported 4 months ago
Spotify CEO Daniel Ek sparked debate on X (formerly Twitter) with comments on content creation costs, clarifying his intention was not to devalue creative work. Following this, Spotify announced price increases for its subscription plans, with the CEO attributing this to staying power of creative ideas. Despite backlash, Wall Street analysts like Benchmark have raised price targets for Spotify, expecting minimal impact on churn and positive gross profit outcomes from the price hikes.
Source: YAHOO
Reported 4 months ago
Two months into the 2024 MLB season, the San Francisco Giants are regretting not aggressively pursuing Japanese star player Shota Imanaga in the offseason. While they unsuccessfully pursued Ohtani and Yamamoto, Imanaga signed with the Cubs. Giants' president Farhan Zaidi cited differences in scouting reports and pitch data evaluation for the hesitancy in signing the now standout pitcher, who currently has a 1.86 ERA with the Cubs and is a strong contender for the NL Cy Young award.
Source: YAHOO
Reported 4 months ago
In June 4, 2024, website hosts Cai Taizai and Cai Shengsheng organized a farewell dinner for a nanny who graduated from their care. They planned a two-day trip where the nanny experienced harvesting spring onions, making bread from mudfish, soaking in hot springs, and watching fireflies at night. The trip was filled with joy and gratitude towards the nanny, and the next episode will feature feeding animals on a boat and a big dinner to look forward to.
Source: YAHOO
Reported 4 months ago
A judge in Pennsylvania has significantly reduced Bayer's $2.25 billion Roundup weedkiller verdict to $400 million, with compensatory damages lowered to $50 million and punitive damages to $350 million. The original award was for a man who developed cancer from using Roundup. Bayer plans to continue appealing the decision, arguing for U.S. legislative reform. The company has faced numerous Roundup-related lawsuits, with about 165,000 claims in the U.S., resulting in significant financial losses.
Source: YAHOO
Reported 4 months ago
Australia's privacy watchdog has taken legal action against Medibank, the nation's largest health insurance company, for a data breach that exposed the personal information of millions of customers on the dark web. The Australian Information Commissioner alleges that Medibank's failure to adequately protect the data constituted a serious privacy violation. Medibank had disclosed in 2022 that a hacker had stolen and leaked the personal data of around 9.7 million customers. The lawsuit could result in a civil penalty of up to A$2.22 million per violation under the Privacy Act, and it underscores the need for Australian companies to enhance their cybersecurity defenses in response to increasing cyber threats.
Source: YAHOO
Reported 4 months ago
在週二，Major League Baseball宣布了針對五名球員違反聯盟賭博政策的懲罰，確認了前一天《華爾街日報》的報導。這些球員中，有四名遭禁賽一年，包括Diamondbacks投手Andrew Saalfrank、Athletics投手Michael Kelly、Padres小聯盟投手Jay Groome和Phillies小聯盟內野手José Rodriguez。然而，聖地牙哥教士隊的多功能球員Tucupita Marcano，在上季末在匹茲堡海盜隊受傷名單上時，賭博了MLB比賽，因此遭到終身禁賽。
Source: YAHOO
Reported 4 months ago
The New York Jets' OTAs saw development in the running game, with Aaron Rodgers impressing with his skills and leadership, while a crowded receiving group is emerging. Issues with player attendance, particularly Haason Reddick's absence, were noted, along with positive developments in the quarterback's performance and coach-player dynamics, and challenges in the wide receiver roster, with Allen Lazard facing some struggles.
Source: YAHOO