Reported 4 months ago
Japan has spent a record ¥9.8 trillion ($62.2 billion) in the past month to support the yen after it hit a 34-year low against the dollar. This amount surpasses what was spent in 2022 to defend the currency. The massive intervention reflects Japan's commitment to resist speculators betting against the yen, but experts note that the impact may be short-lived due to market dynamics and interest rate discrepancies between Japan and the US.
Source: YAHOO
Reported 4 months ago
Nicki Minaj's concert in Amsterdam was canceled after she was reportedly detained at the city's airport for 'possession of soft drugs.' Dutch police fined her 350 euros and allowed her to continue her journey. The incident also led to the postponement of her Manchester show. Minaj documented the encounter on social media, expressing frustration and alleging mistreatment by officials.
Source: YAHOO
Reported 4 months ago
AS Monaco midfielder Mohamed Camara has been banned for four matches by the Ligue de Football Professionnel in France for covering an anti-homophobia logo on his kit during a match. Camara also refused to join a team photo where players posed in front of the campaign logo promoting awareness against homophobia. Despite calls for strong sanctions from the French Sports Minister, the Mali Football Federation supported Camara, emphasizing players' rights. Camara will now miss the first four games of the upcoming season, and AS Monaco stated that his actions were not representative of the club.
Source: YAHOO
Reported 4 months ago
BuzzFeed shared a collection of humorous interactions where scammers attempting to deceive people ended up being hilariously outwitted by their targets, with scenarios including clever comebacks, trolling, sharing false information, and engaging in playful banter. From providing fake details to sending scammers on wild goose chases, these stories showcase creative ways individuals handled fraudulent attempts in a lighthearted manner.
Source: YAHOO
Reported 4 months ago
Investors have become cautious about Tesla due to reduced demand for electric vehicles and competitive pressures. Despite a 58% decrease in stock price, potential buying opportunities may arise as Tesla works on increasing demand, launching a lower-cost EV, and developing a robotaxi platform. Tesla's ambition and innovation in the EV market, along with predictions of future growth, signal potential for a stock recovery and surpassing previous market highs.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Target has introduced a stylish East West Shoulder Handbag for only $25, resembling a Kate Spade bag but at a quarter of the price. This purse from Target's line, A New Day, features a curved design, detachable tortoiseshell chain, and comes in three colors. With positive reviews comparing it to high-end designer bags, such as the Kate Spade Madison Crossbody, which is originally priced at $319, Target's affordable option provides a chic and budget-friendly alternative.
Source: YAHOO
Reported 4 months ago
British tennis player Liam Broady speaks out against disrespectful behavior from fans at the French Open, citing instances of personal abuse and unruly actions. Broady describes the challenging environment where spectators, including children as young as nine, engage in derogatory behavior towards players during matches. The tournament has seen a rise in stories of crowd misconduct, prompting calls from players like Novak Djokovic for better support against heckling.
Source: YAHOO
Reported 4 months ago
Price cuts by major U.S. retailers and a slowdown in consumer spending could increase the Federal Reserve's confidence in declining inflation. Data showing a decrease in overall consumption and disposable income in April, as well as a slower economic growth rate due to reduced consumption, may align with the Fed's goal of reaching a 2% inflation target. While recent inflation numbers have shown an increase, policymakers are monitoring the situation closely for signs of a softer economy and are considering adjusting interest rates accordingly.
Source: YAHOO
Reported 4 months ago
Real Madrid will face Borussia Dortmund in the Champions League final, with standout players like Jude Bellingham and Jadon Sancho. The match will be held at Wembley Stadium in London, with TNT Sports broadcasting the game in the UK and CBS in the US. New security measures are in place, and predictions have been made for the final. The current champions are Manchester City, but this year's finalists are set to battle it out for the €20 million prize money and the prestigious trophy, with Real Madrid as the favorite to win.
Source: YAHOO
Reported 4 months ago
Wall Street is expected to close the week cautiously as Friday's release of May inflation data, particularly the PCE inflation gauge, will be pivotal in light of conflicting economic signals and recent political developments. The Federal Reserve's preferred measure is anticipated to show a 0.3% monthly core increase and 2.8% annual rate, possibly influencing interest rate decisions. Despite recent calmer bond market movements, stocks remained subdued, with the S&P500 and Nasdaq experiencing declines. Overseas, markets are monitoring U.S. inflation and Fed outlooks, as well as events in China, South Africa, and Mexico. Additionally, key U.S. economic data and speeches from the Atlanta Federal Reserve President Raphael Bostic are anticipated later in the day.
Source: YAHOO
Reported 4 months ago
Salesforce, seeking growth after a significant stock decline, may consider major acquisitions; analysts worry about potential negative impacts. Following a 20% drop in stock value due to disappointing fiscal results and projections, concerns arise over Salesforce's future performance. While the company's CEO hints at openness to large-scale deals, analysts caution against risky acquisitions given the challenging software market. Despite recent smaller acquisitions like Spiff, Salesforce's potential pursuit of significant mergers raises investor concerns about maintaining customer satisfaction and strategic alignment with core services, highlighting possible challenges in adapting to industry trends such as AI innovation.
Source: YAHOO
Reported 4 months ago
全球債券投資者正逐漸認識到利率可能在可預見的未來保持較高水平。從美國和德國到澳大利亞和日本，過去兩周對於一直抱有今年世界最大央行滾動降息希望的投資者而言十分痛苦。事實上，通膨尚未完全受控，這使得各央行保持警惕，讓債券持有人承受損失。全球政府債券自5月16日以來下跌了約1.3%，整個行業今年迄今下跌約5%，抹去了去年末由於對即將全球降息前景的樂觀期望而實現的所有增長。
Source: YAHOO
Reported 4 months ago
Julie Hyman discusses the hot and potentially risky asset class of private credit in the Morning Brief. The private credit market, mainly handled by firms like Blackstone, Apollo, and KKR, is estimated at $2.1 trillion in 2023. Although Jamie Dimon mentioned potential issues, such as lack of liquidity and transparency and the risk of systemic problems, the IMF doesn't see these risks as systemic yet. Money has been flowing into private credit as it's marketed as safer, but risks remain. JPMorgan, despite discussing risks, is actively involved in direct lending and considering acquiring in this space.
Source: YAHOO
Reported 4 months ago
Companies are facing bankruptcy, mounting debt, and higher mortgage bills as interest rates rise globally, creating economic cracks despite low unemployment rates. Borrowing, from credit cards to 'Buy Now Pay Later' services, is sustaining consumer spending in the face of higher costs. The US, Europe, Canada, the UK, Australia, and Brazil are experiencing varying degrees of economic pressure as households, businesses, and governments adjust to a prolonged period of higher interest rates, impacting credit performance and consumer distress.
Source: YAHOO
Reported 4 months ago
Front Row Motorsports has successfully navigated the charter system in NASCAR, positioning itself alongside powerhouse teams like Hendrick Motorsports and Team Penske. General manager Jerry Freeze highlights their adaptive approach to acquiring and leveraging charters, with recent expansions and acquisitions showcasing the team's commitment to growth and competitiveness in the sport. Their latest move to purchase a charter signifies a significant step in their strategic maneuvering within the charter market, emphasizing owner Bob Jenkins' dedication to the team's long-term presence and success in NASCAR.
Source: YAHOO
Reported 4 months ago
Chilean President Gabriel Boric is facing challenges in fulfilling his campaign promise to forgive $12 billion in student loans, with officials shifting their language from 'forgiveness' to 'solution.' This proposal, expected to be introduced in September, aims to address low salaries in Chile that make it difficult for individuals to repay college debts. Despite facing backlash and divisions within his coalition, Boric, a progressive politician, is seeking to rally support ahead of the 2025 election year by advocating for this student debt relief initiative.
Source: YAHOO
Reported 4 months ago
Recent data shows a significant drop in the Altos Research Market Action Index score for the Houston metro area, indicating a cooler market compared to previous years, with more housing inventory available. Local agents emphasize that despite the slowdown, the market remains fairly balanced with out-of-town buyers still showing interest. Suburban areas are experiencing higher levels of activity, but mortgage rates are a constraining factor for some buyers, leading to a cautious but healthy outlook for the housing market in Houston for the remainder of 2024.
Source: YAHOO
Reported 4 months ago
General Electric, once a quintessential dividend growth stock, faced challenges during the subprime mortgage crisis and Great Recession but has now reorganized into three corporations: GE Aerospace, GE HealthCare Technologies Inc., and GE Vernova Inc. GE Aerospace, performing well in commercial and defense markets, has seen its stock price rise since 2016 with improved financials and capital allocation strategies, including increased dividends. While it may take time, GE shows potential as a dividend growth stock again, making it a recommended buy.
Source: YAHOO
Reported 4 months ago
MLB 廣告活動以 'El Béisbol es Otra Cosa' 為主題，旨在慶祝拉丁球員對棒球運動的影響。活動包括來自多個拉丁美洲國家的明星球員的爆炸性場面，並由周六夜現場節目的演員 Marcello Hernández 和饒舌歌手 Myke Towers 主演。這個活動旨在通過品牌宣傳活動向球迷展示棒球運動的多樣性和樂趣，將持續在夏季進行，並計劃於 9 月中旬的西班牙裔遺產月進行更新，為季後賽營造氣氛。
Source: YAHOO
Reported 4 months ago
特斯拉將召回125,227輛車輛，原因是美國國家公路交通安全管理局表示其座椅安全帶警示系統故障，可能增加碰撞中受傷風險。召回涉及部分2012-2024 Model S，2015-2024 Model X，2017-2023 Model 3和2020-2023 Model Y車輛。特斯拉將推出過空中軟體更新來解決問題，部署預計在6月開始。NHTSA指出，解決方案將從軟體中刪除對駕駛座佔用感應器的依賴，並僅依賴駕駛座安全帶扣和點火狀態來激活安全帶提醒信號。
Source: YAHOO
Reported 4 months ago
中国市场监管机构本周要求一些金融公司审查可能违背政府计划以化解地方债务风险的任何债券承销情况，根据彭博社报道。中国一直在审查地方政府的隐性债务，这是去年投资者标记为亚洲头号金融风险的部门。尽管中央政府的支持措施已带来信心，包括大规模的再融资计划和鼓励银行发放贷款，但市场情绪的转变引发了一个新的问题：如何确保LGFV债务的再融资，同时又防止隐性债务不断滚雪球。
Source: YAHOO
Reported 4 months ago
Billionaire Bill Ackman's hedge fund Pershing Square Capital Management is finalizing a funding round of approximately $1 billion with institutional investors and family offices and is considering an IPO in the future. The firm, valued by investors at $10.5 billion, will establish Pershing Square USA with half of the raised funds, offering lower fees and easier access to capital. The other half will be used for new funds. While the potential IPO may occur in 2026, Ackman's business model is compared to Ares Management Corp and Blue Owl Capital rather than traditional hedge funds. Pershing Square, known for its activist campaigns, notably returned 26.7% in 2023. The firm has a publicly listed fund in Europe as well.
Source: YAHOO
Reported 4 months ago
Shares of Trump Media & Technology Group dropped about 5% after former U.S. president Donald Trump was found guilty of falsifying documents to cover up a hush money payment to a porn star. Despite being among the top trends on Reddit's WallStreetBets, the volatile meme stock with no fundamentals experienced choppy trading. Trump's majority stake in TMTG, valued around $9.2 billion, is at risk due to his criminal conviction, although this verdict is considered the least consequential of the four he faces, with no impact on his ability to run for the presidency.
Source: YAHOO
Reported 4 months ago
Costco在第三季繼續取得巨大收益，滿足消費者尋找日常必需品的平價需求。公司報告的淨銷售額為585.2億美元，高於預估的579.8億美元。調整後的每股盈利3.78美元也超過了預估的3.70美元。其同店銷售額（不包括燃油）增長了6.5％，其中國際業務（增長8.5％）、加拿大（增長7.4％）和美國（增長6％）呈現增長。消費者在尋找價值的同時需求食品材料。隨著通脹趨緩，消費者紛紛返回到包括玩具、輪胎、廚房花園用品和美容健康用品在內的自由品項。Costco股票在週五盤前交易中下跌約2％。截至周四，其股價今年以來已上漲25％，超過S＆P 500的10％增長，並且在報告財季第三季財務結果之前創下歷史新高。
Source: YAHOO