Reported 4 months ago
Crude oil prices have dropped to a four-month low as OPEC+ announced an extension of production cuts until 2025, leading to bearish sentiment among investors. The move includes the unwinding of voluntary cuts starting in October, causing concerns about oversupply in the market amid uncertainty in demand, despite being positive overall for oil prices this year. Weak manufacturing data and the possibility of cuts phasing out leading to a 13% drop from April's peak are contributing factors to the downward trend.
Source: YAHOO
Reported 4 months ago
Short seller Hindenburg Research disclosed a short position in digital bank Axos Financial, leading to a 7.4% drop in shares. Hindenburg cited lax underwriting standards and issues with the loan portfolio, highlighting the bank's exposure to risky asset classes like commercial real estate. Axos Financial defended itself, stating that the report was misleading and incomplete, and emphasized its cautious approach to loan-to-value ratios in the multifamily sector. The bank, ranked as the tenth-most shorted regional bank, has faced scrutiny over its lending practices and borrowers including former U.S. President Donald Trump.
Source: YAHOO
Reported 4 months ago
Ford Motor Co. reported an 11% increase in their U.S. auto sales for May compared to the previous year, attributed to high demand for SUVs, pickup trucks, and hybrid vehicles. The rise in sales to over 190,000 vehicles reflects the strong preference of Americans for crossover SUVs and pickup trucks, contributing to the overall success of U.S. automakers. This positive trend aligns with the current market dynamics favoring versatile vehicle options.
Source: YAHOO
Reported 4 months ago
Crude oil prices hit a four-month low post OPEC+'s extension of production cuts to 2025; Intel unveils Xeon 6 processor at COMPUTEX Taipei, entering AI chip competition; E-Trade mulls banning trader Roaring Kitty after GameStop frenzy. This article provides insights on these three significant developments in the financial market.
Source: YAHOO
Reported 4 months ago
Spain's government has introduced a comprehensive law to safeguard children from online threats, featuring virtual restraining orders against criminals, health screenings for teenagers to detect emotional disorders related to social media, and raising the minimum age for opening social media accounts. The proposal aims to address concerns over sexual violence and abuse linked to the internet, with measures like specific crimes for sharing pornographic material with minors, combating 'deepfake' images using AI, banning cellphone use in elementary schools, and training teachers on internet safety.
Source: YAHOO
Reported 4 months ago
Kevin De Bruyne, considering moving away from Manchester City to finish his career, expresses openness to the lucrative opportunities in Saudi Arabia. The Belgian midfielder, with a year left on his City contract, acknowledges the possibilities of playing in the Middle East as Saudi Pro League clubs eye his free transfer. De Bruyne notes the financial allure, especially at his age, while his potential move aligns with the league's ambition to attract top players. Despite family considerations and City's stance on transfers, De Bruyne reflects on possible next steps in his career.
Source: YAHOO
Reported 4 months ago
A woman seeks advice on handling her acrimonious divorce where her husband refuses to split his $1.5 million IRA, threatening to flush the money down the toilet instead. Despite emotional abuse and manipulation, legal experts underscore that in California, retirement benefits are community property and should be divided equally in a divorce, providing the wife with legal rights to her fair share. The husband's attempts to dispose of assets against court rules are warned against and legal measures like Qualified Domestic Relations Orders are advised to ensure equitable distribution.
Source: YAHOO
Reported 4 months ago
Leisure Travel Plan for 2 Days 1 Night in Hong Kong by Yahoo Travel Expert on June 4, 2024. With a 1.5-hour flight, easy online immigration pre-registration, and abundant family attractions, Tsim Sha Tsui alone offers endless entertainment with attractions like Noodle Museum, Space Museum, Science Museum, West Kowloon Cultural District, K11 MUSEA, mostly free for kids. Recommended two-day itinerary includes cultural districts, museums, historical sites, and delicious food, providing a convenient, fun, and educational travel experience for families.
Source: COM
Reported 4 months ago
A 51-year-old individual, earning $80,000 a year and inheriting $170,000, seeks advice on maximizing retirement savings after settling debts, renovating their home, and setting up an emergency fund. With about $90,000 left, considerations include diversifying investments, possibly through target-date funds for retirement, examining IRA and brokerage account options, and paying attention to fees and asset allocation to ensure long-term growth. The importance of starting early and avoiding excessive checking of investment accounts is emphasized for optimal results.
Source: YAHOO
Reported 4 months ago
The New York Mets are playing the Washington Nationals on June 4, 2024, at 6:45 p.m. You can watch the game on SNY. Some key player highlights include Mark Vientos' impressive performance, David Peterson's solid pitching, and Francisco Lindor's consistent on-base success. To watch the game online, you'll need a subscription to a cable provider or streaming service that offers SNY in the NY regional territory.
Source: YAHOO
Reported 4 months ago
Miley Cyrus shared in a W Magazine cover story that she practices her workouts in heels to 'practice how you perform,' aiming to bring a feminine touch to the typical gym experience. The singer also discussed her collaboration with Beyoncé on 'II Most Wanted' and how both artists have had supportive mothers influencing their careers.
Source: YAHOO
Reported 4 months ago
Bitty & Beau’s, founded by Amy and Ben Wright, aims to promote inclusion of individuals with disabilities in the workplace. The coffee chain, with 20 locations across 11 states and Washington, D.C., employs over 400 people with disabilities, providing them with above-minimum-wage pay, training, and advancement opportunities. The ultimate goal is to reshape societal perspectives on disability and encourage workplaces to be more inclusive.
Source: YAHOO
Reported 4 months ago
The Zacks Analyst Blog discusses the escalating battle for AI dominance between Advanced Micro Devices (AMD) and NVIDIA as they both unveil new chips at Computex 2024. The article highlights the growth opportunities presented by enterprises heavily investing in AI software, with AMD focusing on catching up to NVIDIA's AI dominance and both companies emphasizing frequent chip launches. Additionally, tech giants like Microsoft, Alphabet, and Meta Platforms are enhancing the AI race with their own specialized AI hardware offerings. NVIDIA maintains a leading position in the AI market, but AMD's latest products are poised to challenge NVDA in both data centers and AI-enabled consumer PCs in the long run.
Source: YAHOO
Reported 4 months ago
New York producer Shane Lavers and Chanel Beads project are embarking on a tour, including performances at Pitchfork Music Festival London and Paris. The tour features their debut album track “Idea June,” with vocals from Maya McGrory and music from Zachary Paul. Tour dates include cities in the US and Europe. Fans can catch the band in various locations before concluding at the Pitchfork Music Festival in London and Paris in November.
Source: YAHOO
Reported 4 months ago
Mercury Rev宣布九年來首張原創音樂專輯《Born Horses》，將於9月6日通過Bella Union發行。他們也分享了主打單曲“Patterns”及其音樂視頻。這支視頻展示了電影胶片倒數、顆粒般的畫面和文字快速閃爍。此外，Mercury Rev還解釋了歌曲《Patterns》的背景故事，稱：“當夜晚仰望星空時，閃爍的光似乎毫無規律。如果我們能夠放大並看到彼此繞著相互旋轉的所有銀河，我們將看到其中的秩序。一切皆是Pattern（模式）的疊加……。”
Source: YAHOO
Reported 4 months ago
British swimmer Jacob Peters, who failed to qualify for the Paris Olympics, expressed disappointment but remains focused on future goals. Peters, who narrowly missed qualification for the 100m Butterfly, acknowledged his mistakes and is determined to improve for the next Olympics in LA 2028, emphasizing his commitment to continue training and striving for success.
Source: YAHOO
Reported 4 months ago
Coco Gauff and defending champion Iga Swiatek will meet in the French Open semifinals after both securing victories in their quarterfinal matches. Gauff defeated Ons Jabeur, while Swiatek bested Marketa Vondrousova, setting the stage for an anticipated clash between the two tennis stars in Paris. Swiatek, currently the top-ranked player, is on a 19-match winning streak at the French Open and aims to secure her third consecutive title.
Source: YAHOO
Reported 4 months ago
The Phoenix Suns are facing financial constraints due to their big contracts, but they are planning to re-sign Royce O'Neale, a valuable role player for the team. O'Neale has played well, and the Suns see him as a crucial piece they can't afford to lose. Despite the luxury tax implications, they are expected to offer him a contract above market value to secure his stay and potentially use him in future trades due to their financial limitations.
Source: YAHOO
Reported 4 months ago
The National Motor Freight Traffic Association (NMFTA) is focusing on enhancing the security of application programming interfaces (APIs) in the trucking industry due to the industry's heavy reliance on software. As experts point out that many companies' security protocols have not kept pace with the proliferation of APIs, they recommended adopting a no-trust environment, implementing multi-factor authentication (MFA), and safeguarding API keys. Ensuring the security of APIs is crucial to safeguarding digital and physical assets in the supply chain to prevent potential cyberattacks and disruptions.
Source: YAHOO
Reported 4 months ago
The article by The Motley Fool discusses four cheap stocks worth considering for investment in June, highlighting companies from various industries that could offer significant potential for long-term investors. It mentions the analysis of Carnival Corp. and how it did not make the top 10 best stocks list provided by Stock Advisor, which has outperformed the S&P 500. The article also discloses the positions of Neil Rozenbaum in certain companies and advises investors on potential opportunities.
Source: YAHOO
Reported 4 months ago
A zookeeper at Tanganyika Wildlife Park in Kansas gives a clouded leopard cub a bath, showcasing a heartwarming moment that earns envy for her dream job of cuddling and playing with baby zoo animals. The video of the adorable cub enjoying the bath has captivated viewers, highlighting the unique traits and behaviors of clouded leopards as a separate species with distinctive features like their camouflaged coat and communication methods.
Source: YAHOO
Reported 4 months ago
Pacific Investment Management Co. (Pimco) forecasts that fixed income will outperform other asset classes due to a 'generational reset higher in bond yields.' Pimco's outlook suggests that active fixed income investments could fare well in the absence of recessions, with potential for even better performance in such scenarios. The asset manager emphasizes the attractiveness of bonds compared to cash as prices rise and inflation recedes. Pimco's analysis indicates the possibility to build portfolios with yields of 6% to 7% over three to five years without significant risks. The article further discusses market dynamics, valuations in stocks favoring bonds, and potential future economic trends impacting bond investments.
Source: YAHOO
Reported 4 months ago
La India, the Puerto Rican singer and songwriter known as the 'Princess of Salsa,' will be honored with the Pioneer award at the 2024 Billboard Latin Women in Music event. This award recognizes her groundbreaking contributions to salsa music, female empowerment, and paving the way for other female artists in the genre. The event will be aired on Telemundo and will feature performances and collaborations by various artists, with La India being honored alongside other notable musicians such as Karol G, Gloria Estefan, and Camila Cabello.
Source: YAHOO
Reported 4 months ago
Microsoft President Brad Smith stated that Microsoft is prepared to take additional measures to address EU antitrust investigation concerns regarding its Office product's chat and video app, Teams. The European Commission initiated an investigation upon a complaint by Slack in 2020, focusing on Microsoft's bundling of Office and Teams. Microsoft had previously decided to sell Teams separately from Office globally, and is now willing to do more to address regulatory concerns. While anticipating potential EU charges, Smith expressed commitment to resolving the issue in discussions with EU antitrust chief Margrethe Vestager.
Source: YAHOO
Reported 4 months ago
Source: SNY