Reported 4 months ago
A recent study conducted on preschool girls has uncovered alarming findings regarding their preoccupation with appearance and beauty standards. The study interviewed 170 children aged 3 to 5 and found that girls demonstrated a strong emphasis on physical appearance from a young age, with preferences for fancy outfits and appearance-related occupations. This focus on beauty was notably more significant in girls compared to boys, indicating gender differences in valuing appearance that likely start in preschool. The study suggests the importance of addressing harmful societal influences and promoting diverse and positive images and toys to help children develop healthier values and self-perceptions from an early age.
Source: YAHOO
Reported 4 months ago
Abercrombie & Fitch raised its annual sales growth forecast and reported a strong first quarter due to new trendy apparel and accessories driving demand, leading to a surge in shares by up to 19%. The company's focus on refreshing styles like low-rise baggy pants and wide-leg jeans, reduced discounts, and improved margins for the Hollister brand contributed to a 29% rise in comparable sales for Abercrombie and a 13% rise for Hollister. With a gross profit rate increase, the company now expects fiscal 2024 net sales to rise by 10%, up from its previous forecast of 4% to 6%. Shares of Dick's Sporting Goods also hit a record high after raising its annual forecasts.
Source: YAHOO
Reported 4 months ago
The stock market fell on Wednesday, with the Dow leading the slide as rising Treasury yields raised concerns about interest rates. The S&P 500 and Nasdaq also declined as investors worried about the Federal Reserve keeping rates high. The 10-year Treasury yield hit 4.62%, its highest since early May, affecting stock performance. Notably, Salesforce stock tumbled after a revenue forecast miss, while Nvidia's post-earnings rally did not boost the overall market. Additionally, a surge in first-time homebuyers and ConocoPhillips's acquisition of Marathon Oil were notable market events.
Source: YAHOO
Reported 4 months ago
ConocoPhillips is acquiring Marathon Oil in a $17.1 billion all-stock deal amidst rising energy prices, bringing the total deal value to $22.5 billion including debt. This acquisition comes as major oil companies are seeing significant profits due to the surge in energy prices, with a trend of mergers between cash-rich energy companies. The deal is expected to close in the fourth quarter pending approval from Marathon Oil shareholders, and ConocoPhillips plans to increase its dividend and engage in a significant share buyback program once the transaction is completed.
Source: YAHOO
Reported 4 months ago
HSBC has completed the sale of its Russian unit to Expobank for an undisclosed fee, following approval from Russian President Vladimir Putin in February. European banks, under pressure to withdraw from Russia, are navigating challenges with exiting the market. Expobank confirmed the completion of the deal, with the unit set to operate under a new name. HSBC's decision to exit Russia was influenced by sanctions and geopolitical tensions, with the Russian unit generating a small portion of the bank's overall revenue.
Source: YAHOO
Reported 4 months ago
A 29-year-old man was slashed on the escalators at a Brooklyn subway station in NYC. The incident occurred at the Smith Street and 9th Street subway station in Carroll Gardens. The victim was attacked by a man with an unknown sharp object on the torso and was taken to the hospital in stable condition. The suspect fled the scene, and the NYPD is asking for information. In a separate incident, a 57-year-old man was punched and robbed on a Bronx subway train earlier in the week.
Source: YAHOO
Reported 4 months ago
Auburn running back Brian Battie was shot on May 18, resulting in permanent paralysis and the death of his brother. The shooting involved multiple individuals firing shots at each other in a crowded parking lot. Battie remains hospitalized, with the suspect arrested and facing multiple charges. Despite the tragic incident, Battie's condition is reported to be slowly improving, as confirmed by Auburn's coach. Prior to the shooting, Battie had transferred from South Florida and was a key player for the Tigers as their primary kick returner.
Source: YAHOO
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
The article predicts that Amazon is likely to be the next company to join Microsoft, Apple, Nvidia, and Alphabet in the $2 trillion market capitalization club, known as the "Magnificent Seven" of artificial intelligence (AI). The article highlights Amazon's strong growth in its cloud computing division, investments in AI, and impressive financial performance, suggesting that Amazon's entrance into the $2 trillion club is imminent. Despite Amazon's stock valuation being at an all-time high, it is suggested that it remains a good buy for long-term investors due to its leadership in AI and strong financials.
Source: YAHOO
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
Marymount Manhattan College, a small private college in New York City with about 1,400 students, has agreed to merge with Northeastern University in Boston, marking Northeastern's 14th campus. Through this deal, Northeastern will absorb all of Marymount Manhattan's assets and liabilities, including its valuable Manhattan real estate. The merger aims to help Marymount Manhattan avoid closure amid declining enrollment and economic challenges faced by smaller institutions in higher education. Current and admitted Marymount Manhattan students will transition to Northeastern and continue their studies without incurring tuition or fee hikes.
Source: YAHOO
Reported 4 months ago
Merck has agreed to acquire EyeBio, a biotech company focused on developing treatments for eye diseases, for up to $3 billion. The deal includes a $1.3 billion cash payment and an additional $1.7 billion in milestone-based payments. This acquisition is part of Merck's strategy to diversify its drug portfolio beyond its blockbuster immunotherapy Keytruda, which is set to lose patent protection soon. EyeBio's retinal disease drug Restoret is a key asset in the deal and is expected to enter mid- to late-stage trials for diabetic macular edema and neovascular age-related macular degeneration.
Source: YAHOO
Reported 4 months ago
According to a LinkedIn analysis, Gen Z graduates in the UK are increasingly opting for careers in the education sector, particularly in teaching roles, due to the appeal of ample holiday time and work-life balance. The traditional industries of utilities, oil, gas, mining, and construction are also gaining popularity among graduates, while tech jobs are losing favor. Despite lower starting salaries in teaching compared to fields like finance, experts advise focusing on learning opportunities rather than immediate pay in the early stages of one's career.
Source: YAHOO
Reported 4 months ago
European bond sales have surpassed €1 trillion in record time this year, reaching the milestone more than a week ahead of the previous record. The surge in bond issuance was fueled by a variety of issuers, including supranationals, sovereigns, agencies, and US firms, taking advantage of strong investor demand and tight spreads. The market dynamics remain compelling, with numerous borrowers, such as Merck & Co. Inc and Coca-Cola Co., seizing the opportunity to raise debt at attractive rates. Despite the strong demand from investors, caution is advised due to potential inflation surprises that could impact monetary easing efforts.
Source: YAHOO
Reported 4 months ago
ConocoPhillips has agreed to purchase Marathon Oil in a $22.5 billion all-stock deal, which includes over $5 billion in net debt. American Airlines is facing a decline after reducing its second-quarter outlook, impacting other major players in the airline sector. The Nasdaq has surpassed 17,000 for the first time, driven by Nvidia's performance. Trending tickers on Yahoo Finance include GameStop, DraftKings, and Celsius Holdings. Scheduled guests for the day include Kate El-Hillow from Russell Investments, Paul Sankey from Sankey Research, and Sumit Singh from Chewy.
Source: YAHOO
Reported 4 months ago
FedEx is set to retire nine MD-11 freighters by the end of the fiscal year, aiming to enhance efficiency by segmenting its air assets and reducing daytime flying linked to a U.S. Postal Service contract expiration. This restructuring effort will allow FedEx Express to adapt its air network better, optimizing aircraft utilization and maximizing profitability. The company's Drive initiative, which aims to save $4 billion in costs by 2025, has already shown positive results, with three consecutive quarters of operating income growth despite revenue declines. FedEx is also implementing a color-coded air network strategy to streamline operations and cater to different customer segments, anticipating potential growth as market conditions improve.
Source: YAHOO
Reported 4 months ago
BlackRock's iShares Bitcoin Trust has surpassed Grayscale Bitcoin Trust to become the world's largest fund for the cryptocurrency, accumulating nearly $20 billion in assets since its U.S. listing in January. Market analysts are closely monitoring the flow of assets between the two funds since the launch of nine new ETFs in January. Grayscale has faced outflows since its ETF began trading, while BlackRock's success is attributed to its distribution network and lower fees compared to competitors. Some hedge funds have invested in the new ETFs, but institutional investors are expected to take longer to adopt them.
Source: YAHOO
Reported 4 months ago
Sources reveal that Jennifer Lopez and Ben Affleck are currently facing disagreements over finances, with Ben feeling worn down and checked out from the marriage. Jennifer's focus on work and busy schedule has caused tension, with the couple reportedly on different pages most of the time. While they've decided to spend time apart to reevaluate the relationship, J.Lo remains committed to working on the marriage, while Ben is starting to invest more after realizing how much he misses her. Despite challenges, they are keeping in touch primarily for essential matters, with hopes for improvement in the future.
Source: YAHOO
Reported 4 months ago
ConocoPhillips has agreed to acquire Marathon Oil Corp. in an all-stock deal worth about $17 billion, including a 14.7% premium to Marathon's last closing share price, with an enterprise value of $22.5 billion. This acquisition expands ConocoPhillips' presence in domestic shale fields and provides access to reserves in Equatorial Guinea, part of a trend of major oil and gas companies pursuing growth through acquisitions to secure future drilling sites and optimize production through technologies like refracking. The deal, expected to close in the fourth quarter pending regulatory approvals, will also see ConocoPhillips increase its share buybacks to over $20 billion for the next three years and raise its ordinary base dividend by 34% to 78 cents per share.
Source: YAHOO
Reported 4 months ago
Freyr Alexandersson, the manager of Cardiff City's sister club KV Kortrijk, has expressed his desire to coach the Bluebirds in the Championship or Premier League. With Cardiff owner Vincent Tan overseeing both clubs, Alexandersson has indicated previous discussions with Cardiff management about his ambitions to manage in British football. The Icelandic manager has earned praise for saving Kortrijk from relegation in the Belgian Pro League and previously achieved a similar rescue act with Danish side Lyngby.
Source: YAHOO
Reported 4 months ago
Starbucks customers and workers are expressing frustration over longer wait times and understaffing issues at the coffee chain, attributing it to a labor allocation algorithm used by Starbucks to determine staffing levels. Workers report feeling pressured to handle a high volume of orders, including special requests, leading to longer wait times for customers. Despite Starbucks denying being understaffed, the longer wait times have contributed to the company's first sales decline since 2020. The company has made changes to its labor algorithm and staffing policies to address these concerns, aiming to reduce wait times and improve efficiency.
Source: YAHOO
Reported 4 months ago
The article discusses insights from Jensen Huang about Tesla, emphasizing the importance for Tesla stock investors to pay attention to his comments. The piece highlights that Tesla was listed as one of the 10 best stocks to buy, along with nine other stocks, according to the Motley Fool Stock Advisor. The article also discloses the author's positions in Tesla, while stating that The Motley Fool has positions in and recommends both Nvidia and Tesla.
Source: YAHOO
Reported 4 months ago
The article discusses the best way to store bacon when only using a few slices, according to Hormel's senior brand manager Aly Sill. Sill recommends storing leftover raw bacon in an airtight container or resealable bag in the fridge for three to five days. She advises checking for any rancid smells, discoloration, or mold to determine if the bacon has gone bad, noting that an iridescent sheen is normal but a slimy texture indicates spoilage.
Source: YAHOO