Reported 4 months ago
After a public feud, Draymond Green and Stephen A. Smith have exchanged apologies, seemingly reaching a positive conclusion to their dramatic saga. Green apologized on air during TNT's "Inside the NBA" pregame show, expressing regret for his previous comments about Smith, to which Smith responded with an acceptance of the apology and an apology of his own. Both have now seemingly put the feud behind them and can focus on the upcoming 2024 NBA Finals.
Source: YAHOO
Reported 4 months ago
Kyrie Irving's perfect record in closeout games fell to 14-1 as the Minnesota Timberwolves defeated the Dallas Mavericks in Game 4 of the Western Conference finals. This was the first time in Irving's 13-year career that he lost a closeout game, with the All-Star point guard previously holding an unprecedented 14-0 record in such contests. Despite his rough performance in the game, Irving will have the opportunity to improve to 15-1 in Game 5.
Source: YAHOO
Reported 4 months ago
In an interview on "The Ted AI Show" podcast, former OpenAI board member Helen Toner revealed that the board only learned of the existence of ChatGPT through Twitter, shedding light on the ousting and subsequent rehiring of OpenAI's CEO Sam Altman last November. Toner described a toxic atmosphere fostered by Altman, citing instances of psychological abuse reported by two OpenAI executives to the board as a catalyst for his removal. Altman returned to OpenAI after a staff uprising, with Toner attributing his reinstatement to fears of company collapse without him and concerns of retaliation from Altman.
Source: YAHOO
Reported 4 months ago
Skylar Diggins-Smith and Jewell Loyd scored a combined 40 points to help the Seattle Storm defeat the Chicago Sky with a final score of 77-68 in a recent WNBA game.
Source: YAHOO
Reported 4 months ago
BYD Co. has introduced a new hybrid powertrain that can travel over 2,000 kilometers without recharging or refueling, positioning itself in competition with Toyota Motor Corp. and Volkswagen AG in the EV transition market. The upgraded technology, launched in two sedans costing under $13,800, marks a milestone in BYD's efforts to reduce fuel consumption since 2008. The company's focus on long-range hybrids has contributed significantly to its market dominance in China, where one in every two hybrids sold is a BYD. These advancements come as automakers globally strive to address range anxiety and environmental concerns, with BYD preparing to export the technology after its initial launch in China.
Source: YAHOO
Reported 4 months ago
The National Samsung Electronics Union in South Korea, with about 28,000 members, plans to hold its first-ever walkout on June 7 over demands for higher wages, as part of broader protest measures. The union, representing over a fifth of Samsung's workforce, aims to stop work for one day, accusing the company of failing to meet demands for increased wages and benefits. The strike announcement comes amidst Samsung facing challenges in various business sectors, including semiconductor chips, with workers expressing frustration and seeking better conditions through increased union membership.
Source: YAHOO
Reported 4 months ago
Elon Musk's Starlink, the satellite unit of SpaceX, experienced a brief outage that affected thousands of users, but the network issue has since been fully resolved, with services back up and running. The outage lasted about an hour and impacted 41,393 users. Starlink, which owns the majority of satellites orbiting Earth, is a dominant player in the satellite internet industry.
Source: YAHOO
Reported 4 months ago
PricewaterhouseCoopers LLP lost several Chinese clients in May, including China Taiping Insurance Holdings Co. and China Merchants Bank Co., which switched auditors to KPMG and Ernst & Young, respectively. This loss of business adds to over a dozen firms that have stopped using PwC as their auditor in China over the past two years. The move comes amid regulatory scrutiny of PwC's auditing role in the China Evergrande Group financial fraud investigation, with authorities looking into allegations that Evergrande's onshore unit overstated revenue by 564 billion yuan. In response, PwC has resigned as an auditor from multiple Chinese property companies in recent years.
Source: YAHOO
Reported 4 months ago
China's onshore yuan weakened to its lowest level since November as the People's Bank of China allowed the currency to decline against a strong dollar. The yuan dropped to 7.2487 per dollar, with policymakers gradually reducing its daily reference rate to a level not seen in four months. The central bank is navigating between supporting growth and preventing capital outflows, amid pressures from worsening capital outflows and sluggish domestic growth. Other Asian currencies are also under depreciation pressure due to wide yield differentials favoring the dollar and expectations of ongoing US-China trade tensions.
Source: YAHOO
Reported 4 months ago
Seattle Storm's 77-68 victory over the Chicago Sky marked their third consecutive win, moving them above .500 for the first time since 2022. Skylar Diggins-Smith scored 21 points, Jewell Loyd added 19, and Seattle outscored Chicago 26-15 in the third quarter to secure the win. Ezi Magbegor contributed 13 points, 12 rebounds, and five blocks, while Loyd made her 350th career steal. Chicago's Dana Evans scored 13 points in the game.
Source: YAHOO
Reported 4 months ago
Global equities declined on Wednesday while U.S. Treasury yields rose as investors focused on interest rates following a weak bond auction and awaited a key U.S. inflation report. The MSCI global stocks gauge fell by 0.95%, the U.S. 10-year Treasury yield reached a four-week high of 4.612%, and the dollar strengthened against the yen. Concerns over rising interest rates led to market anxiety, with major indices like the Dow Jones, S&P 500, and Nasdaq all posting losses. Oil prices dipped, and gold prices also fell amid a stronger dollar and higher bond yields.
Source: YAHOO
Reported 4 months ago
Three major Chinese cities, Shanghai, Shenzhen, and Guangzhou, have relaxed homebuying regulations by reducing downpayment requirements and offering cheaper home loans to stimulate demand in the property market following the central government's aid measures. This move is expected to boost property sales and stabilize housing prices, with analysts anticipating Beijing to follow suit. The easing measures aim to restore homebuyer confidence amid falling prices and job insecurity, with hopes of a potential sales recovery in the coming months.
Source: YAHOO
Reported 4 months ago
Cody Bellinger made an incredible home run-robbing grab in center field during the Cubs-Brewers game, saving Ben Brown's no-hit bid in the seventh inning. Brown pitched seven hitless innings, striking out 10 batters, before being pulled from the game. The Cubs eventually won the game, and a no-hitter from Brown would have been the team's 18th in franchise history.
Source: YAHOO
Reported 4 months ago
The Dodgers emerged victorious over the Mets with a 5-2 win, led by Mookie Betts, in a game highlighted on MLB.com.
Source: YAHOO
Reported 4 months ago
The yen is sliding against the euro faster than the dollar amid speculation that the European Central Bank will take a gradual approach to cutting interest rates due to elevated inflation. The Japanese currency has weakened by 1.3% against the euro this month, nearing its previous record low. Despite the Bank of Japan ending negative interest rates, the rate gap with other central banks remains significant. Disagreements among ECB members on rate cuts and expectations of gradual changes are influencing investor sentiment. The risk of yen intervention by Japanese authorities has slowed the currency's decline, and recent low volatility is encouraging carry trades, where investors borrow yen to invest in higher-yielding assets abroad.
Source: YAHOO
Reported 4 months ago
Australia's inflation rose faster than expected in April, with the monthly consumer price index increasing by 3.6% from a year earlier, surpassing economists' estimates of 3.4%. This elevated inflation suggests the Reserve Bank of Australia (RBA) is likely to maintain interest rates at a 12-year high next month. The core measure, which excludes volatile items, remained at 4.1%. Economists are now predicting a 27% chance of an RBA rate hike in September, compared to less than 20% prior to the data release, while rate cuts are not expected until at least the middle of 2025. The RBA remains cautious about inflation risks, especially driven by volatile food prices, amidst signs of economic slowdown.
Source: YAHOO
Reported 4 months ago
Men shared small, sweet gestures their significant others do that melt their hearts, such as offering comfort during tough times, thoughtful surprises like finding a childhood book, being supportive, leaving love notes, and understanding social anxieties. These gestures, from tucking in during sleep to sharing a special moment, highlight the kindness and consideration that can strengthen romantic relationships.
Source: YAHOO
Reported 4 months ago
North Korea conducted a provocative act by flying hundreds of balloons filled with trash and manure towards South Korea, prompting a response from the South Korean military to recover the objects. This incident occurred as North Korean leader Kim Jong Un expressed determination to continue developing satellite capabilities despite a recent failed launch, emphasizing the importance of such technology for countering U.S. and South Korean military activities. In retaliation against South Korean activists flying anti-North Korean leaflets across the border, North Korea also launched balloons carrying trash towards the South. The situation adds to the heightened tensions between the two Koreas, with North Korea facing setbacks in its satellite ambitions and engaging in unconventional provocations.
Source: YAHOO
Reported 4 months ago
As "Vanderpump Rules" season 11 concludes with a divisive reunion, showrunner Alex Baskin discusses the challenges of the season, the real-time reactions captured during the reunion, and the uncertainty surrounding a potential season 12 renewal. While the season's finale felt like a powerful conclusion, the show's future remains uncertain as the cast navigates fractured relationships and personal projects. The possibility of a reset with a mix of current and new cast members is considered, and decisions on the show's direction are pending as the cast takes a break.
Source: YAHOO
Reported 4 months ago
The article discusses how the dollar remained strong against the Japanese yen as U.S. yields increased ahead of key inflation data while investors resumed carry trades. The yen weakened due to pressure from higher U.S. yields and low volatility in FX markets, with the dollar reaching 157.275 yen and the U.S. dollar index at 104.83. The U.S. core PCE price index report is expected to be released on Friday, impacting the currency market further. Other currencies rallied against the U.S. dollar, except the Australian dollar, which fell despite an unexpected rise in Australian consumer price inflation.
Source: YAHOO
Reported 4 months ago
The IMF has upgraded China's GDP growth forecast to 5% for 2024, citing a strong first quarter and additional policy measures. However, the IMF warns of risks ahead, such as a slowing economy in the years to come due to an aging population and lower productivity growth. The upgrade aligns with Beijing's growth target of around 5%, with several economists revising their projections following stronger-than-expected first quarter data. Challenges remain, particularly in the property sector crisis, which is seen as a major obstacle to a full economic recovery.
Source: YAHOO
Reported 4 months ago
Brazil's lower house of Congress has advanced a bill that would impose a new 20% import tax on international online purchases under $50, a reduction from the initially proposed 60% tax rate. The bill still needs to be voted on by the Senate. This decision comes after negotiations between lawmakers and President Lula's administration, which had opposed the higher tax rate. The move aims to balance public spending with increased tax revenue, but President Lula has hinted at potentially vetoing the new tax. If vetoed, lawmakers could overturn it with a simple majority vote. Last year, a similar tax proposal faced backlash from online shoppers and was abandoned by the government.
Source: YAHOO
Reported 4 months ago
The New York Mets struggled offensively, mustering only three hits in a 3-0 loss to the Los Angeles Dodgers in Game 2 of a doubleheader at Citi Field. The Dodgers scored all their runs early in the game, with Gavin Stone pitching seven shutout innings for Los Angeles. Despite a solid performance from Mets pitcher Jose Quintana, the team's lack of offense led to their defeat. The Mets will look to bounce back in the final game of the series.
Source: YAHOO
Reported 4 months ago
The International Monetary Fund has increased its growth forecast for China's economy to 5% for this year, up from 4.6%, citing a strong start in 2024 and government support. The IMF also raised its GDP forecast for next year to 4.5% from 4.1%. Despite a better-than-expected expansion in the first quarter, challenges persist in the property sector and the IMF is urging Beijing to provide more support to resolve the housing crisis. Gita Gopinath, the Fund's First Deputy Managing Director, emphasized the need for further fiscal and monetary measures to stimulate the economy, especially in the real estate sector. Trade tensions and restrictive trade policies are also highlighted as risks to the global trading system.
Source: YAHOO
Reported 4 months ago
Source: INVESTORS