Reported 4 months ago
Marvell Technology missed first-quarter revenue estimates due to weak client spending in wireless carrier and enterprise markets, leading to a 4% drop in shares. Revenue was $1.16 billion, slightly below the expected $1.17 billion, with CEO Matt Murphy anticipating a stronger second half of the fiscal year driven by data center growth. Despite declines in cyclical businesses, Marvell's data center segment performed well with a revenue increase, while enterprise networking and carrier infrastructure segments saw declines. Adjusted EPS was 24 cents, lower than the expected 25 cents.
Source: YAHOO
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
Gap (GPS) reported first-quarter earnings that surpassed Wall Street estimates, with earnings per share at $0.41 compared to the expected $0.13, and net sales of $3.4 billion exceeding the expected $3.28 billion. All of Gap's brands reported better-than-expected same-store sales results, leading the retailer to raise its full-year sales and operating income outlook. CEO Richard Dixon's turnaround efforts seem to be showing positive results, with the stock price reflecting a strong performance despite a previously lackluster year-to-date performance.
Source: YAHOO
Reported 4 months ago
Building strong shoulders requires choosing the right exercises to prevent injury and maximize gains. Men's Health fitness director shares five shoulder exercises to avoid, including behind-the-neck presses, barbell upright rows, heavy lateral raises, standing dumbbell external rotation, and front raise. Instead, he recommends alternatives like barbell overhead press, dumbbell upright row, form-first/incline lateral raises, cable external rotation, and medial and rear delt exercises to target the shoulders effectively.
Source: YAHOO
Reported 4 months ago
The Kansas City Chiefs are considering removing kicker Harrison Butker from kickoff duties for the upcoming season due to new NFL rules that require all kicked balls within the "landing zone" from the goal line to the 20-yard line to be returned. This decision is aimed at increasing action and involving kickers in tackling during kickoff returns. Safety Justin Reid is designated as the team's emergency kicker, having filled in for Butker in the past. The Chiefs believe Reid's tackling abilities will enhance their kickoff coverage under the new rules, giving them an advantage over other teams in adapting to the changes.
Source: YAHOO
Reported 4 months ago
The commercial real estate (CRE) industry is facing challenges and potential losses, as discussed by Blackstone Global Co-Head of Real Estate Nadeem Meghji. However, he remains optimistic due to decreasing debt capital costs and increased transaction activity. Meghji highlights data centers as a key investment area, noting their rapid growth and potential. Blackstone has deployed $20 billion in equity capital globally, focusing on sectors experiencing growth due to technology and demographics, such as data centers, warehouses for e-commerce, and rental housing. Meghji emphasizes the long-term view and ample liquidity for seizing opportunities in the current market climate.
Source: YAHOO
Reported 4 months ago
Mizuho upgraded PayPal from Neutral to Buy, raising its price target from $68 to $90 due to the introduction of the Fastlane product. The firm believes this could drive a $1.5 billion boost to PayPal's transaction margin dollars, implying 5 to 10% upside. The upgrade is based on stabilized branded checkout trends, positive valuation outlook, and the potential of Fastlane in the $3 trillion total addressable market. Yahoo Finance anchors Josh Lipton and Julie Hyman discussed the upgrade's implications for PayPal moving forward.
Source: YAHOO
Reported 4 months ago
Padma Lakshmi, the TV host and entrepreneur, was determined not to photoshop her stretch marks and scars in the ads for her new lingerie line with Bare Necessities. Embracing her body and wanting to promote self-love and acceptance, Lakshmi insisted on keeping her imperfections untouched in the photoshoot. She emphasized the importance of body positivity for her daughter and other young girls, highlighting that beauty goes beyond appearances. Through this experience, Lakshmi aimed to set an example of confidence and self-acceptance, emphasizing that she feels more empowered in her 50s than she did in her 20s.
Source: YAHOO
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
Kathy Ireland reflects on her iconic modeling career, highlighting the valuable lessons she learned from rejection and the need to make a difference. Despite stepping away from modeling, the 61-year-old has ventured into successful business endeavors and philanthropic pursuits, emphasizing the importance of humility and learning from criticism. Ireland appreciates the maturity and fearlessness that come with getting older, expressing gratitude for the ongoing journey and the lessons it brings.
Source: YAHOO
Reported 4 months ago
US stocks continued to fall on Thursday as traders awaited upcoming inflation data. Salesforce stock plummeted over 20% due to poor earnings. The Dow closed lower by 330 points, while the S&P 500 dropped approximately 0.6%. The Bureau of Economic Analysis will release the personal consumption expenditures price index, with economists predicting a 2.7% year-over-year increase in April. Bond yields decreased after revised GDP data and increased jobless claims, suggesting a potential rate cut by the Federal Reserve. West Texas Intermediate crude oil fell 1.6% to $77.95 a barrel, while Bitcoin rose by 1.9% to $68,712.08.
Source: YAHOO
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
Peacock is increasing its prices ahead of the Paris Olympics, but new subscribers can save over 65% off their first year by signing up before June 30 for $19.99 with a promo code. The NBCUniversal-owned streaming service's prices will rise to $7.99 to $13.99 monthly starting on July 18, but the discount will still apply. Additionally, Instacart is offering Peacock Premium for free with their Instacart+ memberships, which include unlimited free delivery and other perks for $9.99 per month or $99 per year. Students can also get a discount and Mastercard users can save up to $5 each month on their Peacock subscriptions.
Source: YAHOO
Reported 4 months ago
This article discusses the impact of phones and social media on teens' mental health, exploring whether they contribute to increased anxiety, depression, and loneliness. It provides a reading guide by clinical psychologist Jacqueline Nesi, highlighting 10 recommended articles for parents to better understand the complex relationship between teens' mental health and their use of screens, covering topics such as teen experiences on social media, internal research on Instagram, TikTok's algorithm, beauty filters, and the surge of functional tics among teens.
Source: YAHOO
Reported 4 months ago
During Eagles OTAs, the secondary stood out with ballhawks making impressive plays, including interceptions and solid defensive performances. The team had strong attendance at the voluntary practices, with notable absences like DeVonta Smith and Lane Johnson. The article highlights injury updates, depth chart notes, standout plays, and observations from practice, emphasizing the secondary's performance and the upcoming mandatory minicamp under Nick Sirianni.
Source: YAHOO
Reported 4 months ago
Okta (OKTA) CEO Todd McKinnon discusses the company's first-quarter earnings beat and raised adjusted earnings forecast, emphasizing the importance of providing valuable services in the tech industry, particularly with AI companies needing cybersecurity services. McKinnon highlights Okta's role in identity management for AI, such as being the login for OpenAI's ChatGPT, and mentions the company's focus on security following a security incident. Despite challenges in the macro environment, Okta remains optimistic about its long-term market opportunities.
Source: YAHOO
Reported 4 months ago
Zscaler's stock surged after reporting better-than-expected fiscal third-quarter results, with $553.2 million in revenue and earnings of $0.88 per share. The company's full-year guidance and enterprise outlook were also strong, with expectations of exceeding analyst estimates in the fourth quarter. Zscaler's positive performance is attributed to a 30% increase in year-over-year billings and focus on building a strong go-to-market team. Despite concerns regarding a security breach, Zscaler's stock saw a 7% increase after the earnings report.
Source: YAHOO
Reported 4 months ago
Former Bulls player Michael Carter-Williams shared insights on the tumultuous relationship between Jimmy Butler and coach Fred Hoiberg during the 2016-17 season, describing it as the craziest season he's experienced in the NBA. Carter-Williams recounted a team meeting where Butler expressed his dissatisfaction with Hoiberg, leading to a heated exchange where Hoiberg responded with 'Well f--- you, Jimmy.' The Bulls finished the season 41-41 and Butler was later traded to the Timberwolves.
Source: YAHOO
Reported 4 months ago
Ulta Beauty reported first quarter adjusted earnings per share of $6.47, beating expectations, with net sales of $2.7 billion in line with expectations. Same-store sales rose 1.6%, but the company cut its full-year fiscal 2025 forecasts, expecting lower earnings per share of $25.20 to $26.00 and reduced net sales of $11.5 billion to $11.6 billion. Ulta also revised its comparable sales forecast to +2% to +3% from the previous +4% to +5%. Yahoo Finance's Julie Hyman and Josh Lipton provide analysis of Ulta's results.
Source: YAHOO
Reported 4 months ago
Jameis Winston, the backup quarterback for the Cleveland Browns, praised starting quarterback Deshaun Watson for his focus and leadership during the offseason program while Watson is rehabbing his shoulder. Winston expressed admiration for Watson's dedication to mental reps and staying engaged with the team despite not being able to practice fully. Winston, who joined the Browns as a free agent to support and serve his teammates, highlighted Watson's growth and leadership, emphasizing the importance of winning each day and maintaining focus.
Source: YAHOO
Reported 4 months ago
Krysten Peek and Adam Finkelstein discuss the winners and losers of the 2024 NBA Draft withdrawal deadline on the "On The Clock" podcast. They analyze the decisions of players staying in the draft or returning to school, focusing on implications for programs like UConn and Alabama. The latest buzz on Bronny James playing with his father, Lebron James, on the Lakers is also discussed, along with insights on draft prospects like Johnny Furphy. Additionally, they speculate on potential picks for the Atlanta Hawks, San Antonio Spurs, and Oklahoma City Thunder in the first round.
Source: YAHOO
Reported 4 months ago
The article discusses the winners and losers of the 2024 NBA Draft withdrawal deadline on the podcast "On The Clock with Krysten Peek." Topics covered include key players deciding to remain in the draft or return to school, the potential of Bronny James playing with his father LeBron James on the Lakers, the draft prospects of Kansas guard Johnny Furphy, and predictions for first-round picks for the Atlanta Hawks, San Antonio Spurs, and Oklahoma City Thunder. The podcast also touches on the impact of NIL on draft declarations.
Source: YAHOO
Reported 4 months ago
Foreigners withdrew money from emerging market portfolios in April, marking the first monthly outflow since October, as concerns over tighter U.S. monetary policy led to outflows from stocks in India and Indonesia. Data from the Institute of International Finance showed a net non-resident portfolio outflow of $0.7 billion in April, compared to net inflows of $30.2 billion in March and $16.3 billion in April 2023. The main driver of the negative flow was outflows from ex-China stock portfolios, while ex-China debt saw inflows. Chinese stocks experienced outflows, but Chinese debt continued to see inflows, indicating a positive trend.
Source: YAHOO
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
Despite Dell Technologies reporting better-than-expected Q1 earnings and revenue of $22.24 billion and $1.27 per share respectively, the company's stock fell by 8% in after-hours trading. Dell's Infrastructure Solutions group, particularly its AI servers segment, outperformed estimates, with revenue of $9.23 billion. However, the stock's decline may be attributed to high investor expectations, as Dell's stock had surged over 120% year-to-date, trading at a higher multiple compared to previous reports. The company's connection with NVIDIA and its role in the AI market were also highlighted.
Source: YAHOO