Reported 4 months ago
Faraday Future, an electric vehicle maker, has decided to withdraw its production forecast for 2024 due to market conditions and funding levels. The company aimed to produce 1,000 vehicles this year but is now seeking additional strategic investors and financial support. Facing potential delisting from Nasdaq, Faraday's shares dropped over 11% after announcing delays in filing reports. The EV industry is experiencing slowed demand with buyers opting for hybrid vehicles due to high interest rates and inflation, leading Faraday to plan a reverse stock split to combat value loss and funding challenges.
Source: YAHOO
Reported 4 months ago
The 2024 French Open at Roland Garros features No. 1 seed Iga Swiatek facing Naomi Osaka, who has returned from maternity leave. Swiatek aims for a third consecutive French Open title as they compete on Wednesday. The match is set to start following the De Jong vs. Alcaraz match on Court Philippe Chatrier. Viewers can watch the game on Tennis Channel or stream it via options like Fubo and ExpressVPN, with the full broadcast schedule and details provided for fans looking to catch the action without cable.
Source: YAHOO
Reported 4 months ago
The US box office saw its worst Memorial Day weekend since 1995, sparking concerns about industry factors. Chad Beynon, Macquarie's Senior Analyst of Gaming, Lodging, and Leisure, discussed the downturn on Asking for a Trend, attributing the decline to factors like consumer behavior, overall movie experience, and lack of content. Admission revenue is currently 25% lower than pre-pandemic levels, impacted by higher prices and inflation, leading to economic challenges for consumers. Despite industry struggles, IMAX remains strong in the movie entertainment sector, with Beynon recommending the company's stock for investors seeking exposure in this realm.
Source: YAHOO
Reported 4 months ago
今年以來的基準價格持續第七週下滑，週二的價格因美國紀念日放假而延後一天公佈，與商品交易所CME上超低硫柴油價格上升並未完全同步。根據美國能源部/能源資訊署發布的每週平均零售柴油價格，本週下降了3.1美分，為第9週中第8次下降。Dangote巨型精煉廠將開始出口符合歐盟要求的柴油，這可能進一步削弱柴油價格，該廠每天能生產65萬桶，成為多年來全球取得批准並開始運營的其中一家最大的新精煉廠。
Source: YAHOO
Reported 4 months ago
The Giants made several roster moves, placing LaMonte Wade Jr. on the 10-day IL due to a hamstring strain while running the bases. In response to this injury and a bullpen game, the team brought Tyler Fitzgerald back from Triple-A, purchased the contracts of Spencer Howard and Trenton Brooks, and cleared spots by Designated for Assignment Drew Pomeranz and Ryan McKenna. Brooks, known for his high OBP, brings a left-handed bat similar to Wade's profile. Fitzgerald, recognized for hitting six homers in six Triple-A games, is expected to play in the outfield and as a pinch-runner. Howard, a former Phillies' second-round pick, is set to pitch multiple innings after opener Erik Miller, while McKenna and Pomeranz are no longer with the team.
Source: YAHOO
Reported 4 months ago
Nvidia is reported to dominate the tech sector with shares surpassing $1,100, boosted by the announcement that xAI's supercomputer will utilize Nvidia technology. Meanwhile, Tesla's shareholders await a significant decision on Musk's proposed pay package. The American Society of Clinical Oncology will host its annual meeting exploring advancements in cancer research. Tom Steyer from Galvanize Climate Solutions also shares insights on climate change under a potential second Trump presidency. Market experts discuss consumer sentiment, market trends, and strategies for navigating the current economic landscape amidst concerns about inflation and recession.
Source: YAHOO
Reported 4 months ago
The Houston Texans are extending wide receiver Nico Collins' contract for $72 million over three years, with a maximum value of $75 million and a guaranteed $52 million. Collins, 25, had an impressive season in 2023, recording 80 catches for 1,297 yards and eight touchdowns. His performance alongside quarterback C.J. Stroud, who won NFL Offensive Rookie of the Year, helped the Texans secure an AFC South title and their first playoff berth since 2019. The team has also acquired Stefon Diggs and Joe Mixon in the offseason to bolster their offensive lineup. Collins' new deal secures his services through the 2027 season, reflecting the team's high expectations for the upcoming seasons.
Source: YAHOO
Reported 4 months ago
According to VantageScore's CEO Silvio Tavares, the average American credit score has improved following a recent decline. While the overall consumer credit health is good, there are segments, particularly younger and less affluent consumers, showing signs of weakness, with increased delinquencies seen in credit cards. However, other credit products did not show a rise in delinquencies compared to pre-pandemic levels. Banks are increasing lending despite expectations of tightening credit, as consumers maintain high average credit scores and employment rates.
Source: YAHOO
Reported 4 months ago
Novak Djokovic faced a challenging first-round match at the French Open, defeating Pierre-Hugues Herbert with a 6-4, 7-6, 6-4 victory. Despite his 'low expectations' for the tournament, Djokovic is determined to claim his 25th Grand Slam title and become the first player in tennis history to do so. The win marked Djokovic's 69th consecutive victory in opening matches at Grand Slam events, showcasing his consistent performance in major tournaments.
Source: YAHOO
Reported 4 months ago
Nelly Korda, a six-time winner on the LPGA, prepares for the U.S. Women's Open with her dedicated team, including coaches Jamie Mulligan and Brett Lederer. Korda emphasizes the importance of her support system in her exceptional golf season and credits her inner circle for helping troubleshoot and maintain her performance. Despite her individual success, Korda highlights the significance of giving 100% in all aspects of life, not just in golf, as she aims to continue her winning streak.
Source: YAHOO
Reported 4 months ago
美国国家广播公司新闻报道，总统乔·拜登的竞选团队在曼哈顿法庭外举行新闻发布会，抨击前总统唐纳德·特朗普在其私下交易官司中的问题。演员罗伯特·德尼罗和两名曾保卫国会免受2021年1月6日暴徒袭击的警官也警告称，再次选举这位前总统将带来危险。德尼罗表示，如果特朗普再次入主白宫，民众所享有的自由将不复存在。在发布会后，德尼罗与一些支持特朗普的抗议者发生争执，对方称其为“学不来”，是民主国家委员会的“受雇卖弄者”，并指责他的电影烂。
Source: YAHOO
Reported 4 months ago
Cardi B disagrees with Candace Owens' call to ban pornography, as Owens claims it weakens men and was created by depraved individuals to introduce harmful practices. Cardi defends the use of pornography as occasional and not addictive, even suggesting it could be used as a learning tool for men to please women. The two have clashed on political and social issues before, with Cardi receiving backlash for her sexually explicit songs like 'WAP'.
Source: YAHOO
Reported 4 months ago
As the trading session ends, Yahoo Finance highlights three main takeaways for the day. Firstly, the movement in the 10-year Treasury yield could impact stocks, with UBS maintaining a positive outlook on the S&P 500's growth prospects. Additionally, Nvidia's stock saw a record close at an all-time high. The article provides expert insights on today's market trends and activities.
Source: YAHOO
Reported 4 months ago
American Airlines announced that Chief Commercial Officer Vasu Raja will be leaving the company next month as they cut their financial outlook, with Vice Chair and Chief Strategy Officer Stephen Johnson taking over the role immediately. Raja, who joined the airline in 2004 and served in various roles, oversaw American's customer organization, global network, alliances, partnerships, revenue management, and loyalty program. Despite strengths like fast-growing airport hubs and a young fleet, American has been lagging behind rivals in profitability, with their recent financial performance prompting a downgrade in second-quarter earnings expectations and a more pessimistic revenue outlook.
Source: YAHOO
Reported 4 months ago
Elon Musk is offering tours of Tesla's factory to 15 shareholders who will vote on his $56 billion pay package, in an effort to rally support for the compensation that was previously struck down by a court. The upcoming vote, set to be announced on June 13, is crucial for Musk's leadership at Tesla amid concerns that he is distracted by other ventures and controversial comments affecting Tesla's reputation and sales. The company is actively seeking shareholder approval for Musk's pay deal, emphasizing the necessity for him to prioritize Tesla over other commitments, with the tour scheduled for June 12 in Texas. Proxy advisory firm Glass Lewis recommended rejecting the pay package due to Musk's numerous time-consuming projects, such as SpaceX, Twitter, and xAI. Musk's ownership stake in Tesla could increase to 22% if the stock options are exercised, but he aims for 25% to pursue AI projects outside of Tesla, potentially impacting the company's valuation that heavily relies on AI technology for self-driving capabilities.
Source: YAHOO
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
A Japanese man known as "Toco" gained fame for spending $16,000 on a dog costume and now wants to transform into another animal, such as a panda, bear, fox, or cat. Toco had a hyperrealistic costume of a rough collie made by Zeppet and has since launched a YouTube channel to document his experiences living as a dog. Despite challenges mimicking dog movements, Toco aims to fulfill his dream of becoming various animals, receiving support from viewers online.
Source: YAHOO
Reported 4 months ago
Short seller Jim Chanos, known for his involvement in Enron Corp.’s downfall, is being sued by a partner, Conlon Holdings, for allegedly misusing company funds for personal gain and enriching his girlfriend. The lawsuit claims Chanos embezzled funds and failed to repay $10 million in loans borrowed from his firm. Chanos denies the accusations, stating the loan was paid off in 2021. Conlon seeks to prevent Chanos from transferring proceeds from a Miami apartment sale, remove him as general partner, and appoint a temporary receiver. The lawsuit further alleges that Chanos sold the company's property without informing partners and his girlfriend acted as the sales agent. Despite Chanos labeling the lawsuit as baseless, Conlon accuses him of attempting to mitigate losses through a "crude shakedown attempt."
Source: YAHOO
Reported 4 months ago
The Season 8 reunion trailer of "Summer House" showcases Lindsay Hubbard and Carl Radke confronting each other after calling off their wedding, with Hubbard accusing Radke of lying. The tension escalates among the cast members, including a clash between Paige DeSorbo and Danielle Olivera. The reunion will air in two parts on Bravo, with Part 1 scheduled for June 6 and Part 2 for June 13, also featuring revelations about other cast members' relationships and personal lives.
Source: YAHOO
Reported 4 months ago
San Francisco Giants outfielders Austin Slater and Mike Yastrzemski are urging the team to consider making changes to the Oracle Park outfield fencing after multiple players suffered injuries colliding with the fence. While Yastrzemski believes the incidents were more about bad luck and player positioning, Slater acknowledges that reducing potential risks is worth exploring to prevent future injuries. The Giants may consider adjustments to the stadium to enhance player safety and avoid further collisions with the outfield walls.
Source: YAHOO
Reported 4 months ago
The article discusses the influence of five technology stocks on the S&P 500 index, with a combined market capitalization of $12.5 trillion, making up 27.3% of the index. These companies include Microsoft, Apple, Nvidia, Alphabet, and Amazon, which have seen significant growth due to their involvement in artificial intelligence (AI). Their success in AI could further increase their influence on the S&P 500, as they continue to innovate and dominate various industries.
Source: YAHOO
Reported 4 months ago
Barclays' Consumer Discretionary Analyst Adrienne Yih and TD Cowen Analyst Jonna Kim discuss the impact of inflation on consumer spending, describing it as a "creeper effect" affecting consumers across income levels. Yih emphasizes the need for retailers to offer trends or brands that stand out, mentioning American Eagle, Gap, and Old Navy as companies with momentum. Kim notes that newness in products is resonating well with consumers, but overall value remains a priority. Consumers are seen as cautious and focused on necessities rather than wants due to rising prices and inflation, leading to increased promotions and a challenging retail environment.
Source: YAHOO
Reported 4 months ago
On May 29th, investors can expect a busy day on Wall Street with retailers like Abercrombie & Fitch, American Eagle Outfitters, Dick's Sporting Goods, and Chewy reporting quarterly results before the market opens, while Salesforce, C3.ai, and HP will report after the close. Additionally, Fedspeak from New York Fed president John Williams and Atlanta Fed president Raphael Bostic, as well as the release of the Fed's Beige Book summarizing economic conditions, will be important economic events to watch.
Source: YAHOO
Reported 4 months ago
The NYC Rent Freeze Program, offered by the New York City Department of Finance, includes the Senior Citizen Rent Increase Exemption Program and the Disability Rent Increase Exemption Program to assist eligible residents in freezing their rent in affordable housing. Eligibility criteria include age, income, living in a rent-regulated apartment, and spending more than a third of income on rent. Applications and further information can be found on the NYC.gov website.
Source: YAHOO
Reported 4 months ago
Source: INVESTORS