Reported 4 months ago
U.S. Treasury Secretary Janet Yellen testified before a U.S. Senate subcommittee, dismissing accusations by Republican senators that the Treasury is increasing short-term Treasury bill issuance for economic stimulus ahead of the presidential election. Yellen emphasized that the Treasury's debt issuance strategy is based on historical norms and market advice, denying any efforts to time the market. Republican Senator John Kennedy and Bill Hagerty criticized Yellen for issuing debt at higher interest rates, with Kennedy implying it was to artificially boost the economy before the election. Yellen refuted these claims, stating that short-term debt issuance does not create an artificial economic boost and is aligned with market expectations and recommendations from the Treasury Borrowing Advisory Committee.
Source: YAHOO
Reported 4 months ago
San Francisco 49ers' wide receiver, Deebo Samuel, has acknowledged hearing trade rumors during the offseason but has moved past them to focus on improving his game for the 2024 NFL season. Despite the speculation surrounding his future with the team, Samuel remains dedicated to working on his skills and concentrating on the current year, emphasizing that he is committed to enhancing his performance as he enters his sixth NFL season.
Source: YAHOO
Reported 4 months ago
In the latest episode of Market Domination Overtime, Yahoo Finance discusses major indexes' positive close despite mixed economic data. Tech earnings from HPE and CrowdStrike exceeded expectations, with AI-driven gains. However, MIT Professor Daron Acemoglu's study suggests AI may only increase economic productivity by 0.71% in the next decade, as AI still cannot perform most human tasks. Key events for June 5 include Purchasing Managers' Index and retail earnings. HPE reported Q2 earnings above estimates, while CrowdStrike's forecast surpassed expectations. Additionally, A I impacts less than 5% of the workforce and is not predicted to significantly affect inequality.
Source: YAHOO
Reported 4 months ago
Before gaining fame in the music industry, Sabrina Carpenter made her acting debut on 'Law and Order: SVU' at age 11 in 2011. Despite her small role, it marked the beginning of a blossoming career that led to roles in other TV shows and movies, eventually transitioning into music. Now, at 25, she has achieved notable success in both acting and music, with hit songs and significant performances under her belt.
Source: YAHOO
Reported 4 months ago
Joseph Otting, the Chief Executive Officer of New York Community Bancorp (NYCB), has been appointed as the executive chairman as part of his efforts to revamp the troubled firm. Alessandro DiNello, the previous non-executive chairman, will step down and transition to a director and senior adviser role. Otting's promotion is aimed at enhancing his authority to oversee the company's operations and strategic initiatives, particularly in restructuring the bank's balance sheet following concerns about its heavy exposure to New York commercial real estate. NYCB experienced a significant stock decline earlier in the year and received a capital infusion led by former Treasury Secretary Steven Mnuchin, with Otting assuming the CEO position. The article also highlights the challenges NYCB has faced, including a 69% stock drop this year.
Source: YAHOO
Reported 4 months ago
Former Gap CEO Mickey Drexler discusses the current state of retail, characterizing it as 'selectively good' amidst inflation being described as a 'nightmare.' Drexler highlights the ongoing pricing challenges and advises consumers to shop online for better deals, warning against blindly following trends in the retail sector, where online retailers are increasingly establishing physical stores. Despite inflation pressures, major retailers like Abercrombie and Fitch report strong quarters, indicating consumer focus on savings and the impact of inflation on discretionary income.
Source: YAHOO
Reported 4 months ago
Journalist Ben White has passed away after a brief illness, as confirmed by his partner Sara. White, known for his work at Politico, CNBC, and The New York Times, was remembered by colleagues and friends as an outstanding reporter and human. His contributions to journalism and his passion for sports and family will be greatly missed.
Source: YAHOO
Reported 4 months ago
A new group of COVID-19 variants called 'FLiRT' - including strains KP.2, KP.1.1, and KP.3 - now account for over 50% of cases in the U.S., sparking concerns about a potential summer wave. These variants have mutations that may evade the immune system, with KP.2 becoming the dominant strain. Scientists are monitoring whether these more transmissible variants will lead to a summer surge, but symptoms are similar to previous strains, and vaccines still offer some protection.
Source: YAHOO
Reported 4 months ago
The president of Ripple, a US crypto firm, expresses optimism that the lobbying efforts of the crypto industry will have an impact on the upcoming US elections. They have been a major contributor to a super PAC that raised $92.9 million to support crypto-friendly political candidates. The industry aims to influence regulations and has raised over $102 million through super PACs for the 2024 election cycle. Ripple and other crypto firms are advocating for regulatory changes amid increased regulatory scrutiny in the US.
Source: YAHOO
Reported 4 months ago
Vincent Zapeda from Montana mistakenly drove a stranger's car that was identical to his own after picking up a pizza. Realizing the mix-up, he promptly returned the vehicle to its owner, Cynthie Fisher, who commented on the incident with a humorous note about her dog not being a reliable guard dog in the car.
Source: YAHOO
Reported 4 months ago
Gas prices in the U.S. may decrease this summer, with the national average for a gallon of regular gasoline dropping to $3.53 on June 2nd, nearly 4% lower compared to the previous year. The easing trend in gas prices is expected to continue throughout most of the summer due to a cooling economy reducing demand for oil and gasoline. However, the start of hurricane season could potentially disrupt energy production and lead to an increase in gas prices.
Source: YAHOO
Reported 4 months ago
Brooke Shields challenges the notion of aging gracefully, expressing her belief that aging is not a graceful process. She advocates for self-acceptance, kindness, and taking action to address any concerns about one's appearance. Despite not being ready to embrace gray hair, she embraces the changes that come with aging and focuses on feeling youthful through self-confidence and self-love. Shields also discourages cosmetic alterations, drawing from her own experiences with cosmetic procedures and questioning their ultimate value.
Source: YAHOO
Reported 4 months ago
Brooke Shields, at age 59, challenges societal beauty norms by expressing her belief that aging is not a graceful process and telling society 'f--k you.' She emphasizes acceptance and kindness to age gracefully but also advocates for taking action, such as doing sit-ups or reducing drinking. Shields refuses to let her hair go gray, yet accepts other signs of aging, finding inner youthfulness, energy, confidence, and self-love. She discourages cosmetic enhancements, drawing from personal experiences and the questionable value of extensive beauty procedures.
Source: YAHOO
Reported 4 months ago
Bonnie McKee shares her experience of co-writing five No. 1 hits with Katy Perry, including 'Teenage Dream' and 'Roar,' and reflects on the impact of their collaboration on her career. McKee expresses gratitude for the opportunity to work with Perry and the cultural significance of their songs, revealing her favorites to be 'Teenage Dream' for creative reasons and 'Roar' for spiritual reasons. Despite a natural pause in their collaboration while both artists focus on their respective projects, McKee remains excited to hear Perry's upcoming music and acknowledges the importance of new songwriters in the industry.
Source: YAHOO
Reported 4 months ago
GKIDS正式取得了長期期待的《丹丹丹》動畫的北美戲院、視像和數碼交易權利，該動畫根據辰雪信的同名漫畫系列製作。這是GKIDS第一次參與首個系列的發行。故事講述兩個高中生Momo和Okarun之間的情感冒險，並融入了科幻、恐怖元素和青少年浪漫喜劇的特點。
Source: YAHOO
Reported 4 months ago
紐約社區銀行(NYCB)週二表示，已將總裁兼CEO Joseph Otting的角色擴大，增加為執行董事職位。該銀行還表示，非執行董事長Alessandro DiNello將於6月5日下班時辭職，但仍將繼續擔任董事會成員及CEO的高級顧問。NYCB的股票在盤後交易中上漲了1.2%。今年以來，NYCB因股市暴跌而市值蒸發數十億，圍繞矽谷銀行和Signature Bank的倒閉引發了對該行業健康狀況的廣泛擔憂。
Source: YAHOO
Reported 4 months ago
Sean 'Diddy' Combs has sold his stake in Revolt, the media company he founded over a decade ago. The company announced that Combs' shares have been fully redeemed and retired, without disclosing the amount paid. The new ownership structure will now include equity for employees, as the company streams shows such as 'Black Girl Stuff' and 'The Life of Draco'. This move follows legal challenges for Combs regarding allegations of sexual assault and rape.
Source: YAHOO
Reported 4 months ago
Crude oil prices decline as OPEC+ extends production cuts into 2025 while easing voluntary cuts for member countries. CIBC Private Wealth US Senior Energy Trader Rebecca Babin compares the oil market to an over-expectant party host that didn't receive the desired gift, resulting in market disappointment. The market also reacted to softening manufacturing data from the ISM. Expert insights and market updates can be found in this full episode of Market Domination.
Source: YAHOO
Reported 4 months ago
Yahoo Finance's Josh Schafer discusses the recent trading day's highlights, noting the JOLTS report showed job openings at pre-pandemic levels, signaling potential normalization. In the energy sector, Schafer explains its recent poor performance, attributing it to economic slowdown concerns. Lastly, he mentions the decline in meme stock trading following the return of 'Roaring Kitty.' For more market insights, check out the full episode of Asking for a Trend with expert analysis and latest market trends.
Source: YAHOO
Reported 4 months ago
Camille Batiste, the senior vice president of global supply chain and procurement at Archer Daniels Midland (ADM), is departing the company next month after seven years. The departure follows ADM's correction of six years of financial statements due to accounting errors and ongoing government investigations into its accounting practices. ADM confirmed Batiste's departure without providing a reason for her leaving.
Source: YAHOO
Reported 4 months ago
Andy Cohen discusses the potential reboot of The Real Housewives of New Jersey on SiriusXM, emphasizing the need for time to figure things out amid the Bravo series not having a traditional reunion for season 14. With a focus on exploring new and different approaches, Cohen mentions the success of extensive casting in Atlanta and the decision not to rush into the next chapter for RHONJ, also teasing an upcoming season finale that encompasses both the finale and reunion elements in a dramatic fashion.
Source: YAHOO
Reported 4 months ago
During the opening day of Bears' mandatory minicamp, rookie quarterback Caleb Williams showcased both strengths and areas for improvement. While he displayed arm talent and intelligence with successful plays to DJ Moore and Keenan Allen, he also faced challenges like a late interception. Head coach Matt Eberflus emphasized the learning process for Williams, highlighting the importance of experience and progression for a young quarterback. Additionally, the defense exerted dominance later in the practice, generating pressure and turnovers, providing valuable lessons for the offense. The article also touches on key player performances and attendance updates from the minicamp session.
Source: YAHOO
Reported 4 months ago
Angel Studios is purchasing a $5 million house for Alejandro Monteverde, director of 'Sound of Freedom' and 'Cabrini,' as part of their 10-year film deal. Monteverde will receive additional compensation including salary, finder's fees, and a percentage of the house value each year. The unique deal involves Angel Guild members determining the theatrical worthiness of Monteverde's films. The agreement, detailed in an SEC filing and announced by Angel Studios, also highlights their success with the Pay-It-Forward model and upcoming film slate.
Source: YAHOO
Reported 4 months ago
The number of U.S. mpox cases has significantly increased, with a 150% rise from last year, mainly affecting men in gay and bisexual communities. Public health officials are encouraging those at risk to get fully vaccinated, especially Black and Hispanic LGBTQ+ individuals, as low vaccination rates could lead to a resurgence of the disease. Experts emphasize the importance of two doses of the Jynneos vaccine four weeks apart, particularly for high-risk groups.
Source: YAHOO
Reported 4 months ago
A husband has faced criticism for refusing to make his wife dinner because she wouldn’t make him breakfast. The man shared their routine on Reddit, where he explained their agreement for meal responsibilities. Despite his wife's demanding morning schedule due to a long commute and getting their children ready, he insisted she was inconsiderate for not making him breakfast. Their disagreement sparked a viral discussion, with many siding with the wife and suggesting the husband should be more understanding and independent when it comes to meals.
Source: YAHOO