Reported 4 months ago
The Ottawa Senators are considering pursuing Boston Bruins goalie Linus Ullmark before the NHL Draft to address their poor goaltending from the previous season. Ullmark has a limited no-trade clause in his contract, giving him some control over his future. Ottawa may need to offer a significant package, potentially including defenseman Jakob Chychrun and multiple draft picks, to acquire Ullmark. The Bruins are looking to trade Ullmark to free up salary cap space to address roster weaknesses, with a first-round pick being a desirable return in any potential trade.
Source: YAHOO
Reported 4 months ago
Baltimore Ravens tight end Mark Andrews expressed support for the NFL's ban on hip-drop tackles after being sidelined for almost two months last season due to ankle surgery resulting from such a tackle. The ban was implemented after an owners meeting, with violations now resulting in a 15-yard penalty. Andrews emphasized the importance of making the game safer, acknowledging the prevalence of serious injuries from such tackles in recent years. Despite some criticism and opposition to the ban, Andrews believes defenses can adapt and find alternative ways to make plays without resorting to hip-drop tackles.
Source: YAHOO
Reported 4 months ago
Robinhood Markets Inc. saw a rise in its stock price after announcing a plan to repurchase up to $1 billion of its shares, with the buyback program expected to start in the third quarter and span over two to three years. The company's board approved the repurchase plan, citing continued business and cash flow growth, as Robinhood aims to diversify its offerings beyond retail-brokerage services and commission-free trading. This move aligns with Robinhood's strategy to evolve into a broader financial-services company by introducing products like a retirement account and a credit card for US consumers.
Source: YAHOO
Reported 4 months ago
The article discusses the possibility of another 'K-shaped' recovery for consumers in the US, with rising consumer confidence in May following monthly declines. The article features insights from NorthEnd Private Wealth CIO Alex McGrath, who highlights the impact of inflation and interest rates on different segments of the population. McGrath suggests that those above a certain income level may be less affected by inflation concerns compared to those below, indicating a potential disparity in economic recovery. McGrath also touches on the likelihood of a rate hike by the Federal Reserve and the importance of monitoring consumer data in assessing GDP trends.
Source: YAHOO
Reported 4 months ago
Stewart-Haas Racing, co-owned by Tony Stewart and Gene Haas, announced that they will be closing their shop at the end of the 2024 NASCAR season. The decision was described as difficult but necessary due to the demanding nature of the sport and the need for unwavering commitment and resources. The team, which has been in operation since 2009 and has seen success with wins and championships, will assist its employees in finding new opportunities beyond the 2024 season finale.
Source: YAHOO
Reported 4 months ago
Source: NBCSPORTS
Reported 4 months ago
Shares of Celsius Holdings (CELH) are trading lower after Morgan Stanley warned of a slowdown in the company's sales growth, noting a decline to 39% year-over-year. The energy drink maker's stock was affected by this observation, even though it has seen significant gains this year. Social media chatter about potential health issues related to the consumption of Celsius drinks also contributed to the stock's drop, with some reports citing liver damage from excessive consumption. Despite the setback, most analysts still maintain a positive outlook on the stock, with 15 buy ratings.
Source: YAHOO
Reported 4 months ago
On May 29, 2024, the stock market experienced mixed results as the Nasdaq reached a record high while the Dow Jones Industrial Average tumbled over 200 points. Nvidia's strong performance boosted the Nasdaq, but overall market sentiment was weakened by a spike in Treasury yields and hawkish comments from Federal Reserve officials. The 10-year Treasury yield rose above 4.5%, and investors are awaiting the personal consumption expenditures price index report for insights into potential rate cuts. Additionally, other news included GPT-4 outperforming humans in financial analysis, AI adding $230 billion to US tech billionaires' wealth, and UBS raising its S&P 500 price target. In commodities, oil prices rose, gold increased, the 10-year Treasury yield spiked, and Bitcoin dropped.
Source: YAHOO
Reported 4 months ago
The Biden administration is urging tech giants like TikTok, Meta, and X to intensify efforts to combat antisemitic content on their platforms. Representatives from these companies recently met with U.S. special envoy Deborah Lipstadt, who requested each company to designate a team member to address the issue, conduct training to identify antisemitism, and report trends in anti-Jewish content. While the companies have not yet agreed to specific actions, the administration is hopeful for their cooperation in the near future. The goal is to combat hate and violence directed at Jews and differentiate between criticism of the Israeli government and antisemitism in online content.
Source: YAHOO
Reported 4 months ago
Cleveland Browns defensive tackle Shelby Harris criticized the reported proposal by the NFLPA to start training camp weeks earlier, questioning why the players' union would want to cut players' summer breaks short by eliminating spring workouts and moving up the start of training camp to mid-June. The proposal, which aims to reduce injury risk and maximize recovery time, is reportedly supported by a majority of players, although Harris and others like former player Geoff Schwartz have expressed opposition and concerns that this change could be a precursor to expanding the season to an 18-game schedule.
Source: YAHOO
Reported 4 months ago
The article discusses the ongoing excitement around GLP-1 drugs in the pharma industry, particularly focusing on Eli Lilly's investment in tirzepatide production. Jefferies Biotechnology Managing Director Michael Yee identifies companies like Amgen, Scholar Rock, and Corbis as potential hidden gems in the GLP-1 trend, with positive outlooks for upcoming data releases. Wall Street continues to show interest in this sector, seeing it as a multiyear cycle with significant growth potential. Michael Yee's insights are detailed in an interview on Yahoo Finance.
Source: YAHOO
Reported 4 months ago
Robinhood's stock saw a significant increase in after-hours trading following the announcement of a $1 billion share buyback plan, with the company planning to start the repurchase in the third quarter of 2024 over a two to three year period. This move marks a significant step for Robinhood as it continues to evolve beyond commission-free trading into new financial products, with the stock having already shown a 61% increase this year.
Source: YAHOO
Reported 4 months ago
With less than 100 days until the NFL opener, fantasy football enthusiasts have a lot to look forward to in the upcoming season. Key highlights include the revamped WR room for Patrick Mahomes in Kansas City, the transition of Josh Allen and the Bills to a new era, the Falcons' potential with new quarterbacks, intriguing AFC South offenses, the Lions' indoor play favoring their players, NFC North young quarterbacks showing promise, Puka Nacua's anticipated second act, Marvin Harrison Jr.'s NFL debut, and NFC East coaches with something to prove. Overall, there is excitement building up for the fantasy football season ahead.
Source: YAHOO
Reported 4 months ago
The article discusses the upcoming American Society of Clinical Oncology (ASCO) annual meeting in Chicago, focusing on cutting-edge cancer technology and treatments in the biotech sector. Jefferies Biotechnology Managing Director Michael Yee provides insight on the conference, mentioning the impact of AI in oncology and highlighting companies like Schrodinger and Recursion. Yee also discusses advancements in cancer treatment, including immunotherapy and new modalities like CAR-T and cancer vaccines. Specific companies like Maris are mentioned for their promising developments in cancer treatment, with potential for phase three trials and M&A activity. Overall, the article emphasizes the ongoing advancements and potential in the field of oncology and biotechnology.
Source: YAHOO
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
Ravens tight end Mark Andrews supports the NFL's decision to penalize hip-drop tackles after missing games due to an ankle injury caused by such a tackle last season. Andrews believes removing this type of tackle is a positive step towards making the game safer, and he is pleased with the league's efforts to eliminate it. Despite missing games due to the injury, Andrews returned for the AFC Championship Game feeling less than 100%, but now feels "fast and explosive" several months later.
Source: YAHOO
Reported 4 months ago
Robinhood's shares surged over 3% in pre-market trading after the trading app announced its inaugural $1 billion stock buyback plan, signaling a move towards maturity and growth beyond its startup phase. The buybacks are set to be executed over a two to three year period starting from the third quarter, with shares rising 4.3% to $21.34 after the announcement. The company's expansion into new features like credit cards, retirement accounts, and upcoming futures and index options trading has contributed to its upward trajectory, with its core trading business also showing strong performance.
Source: YAHOO
Reported 4 months ago
Texas authorities, in collaboration with federal agencies, apprehended 21-year-old Leo Acosta Sanchez, an international fugitive wanted for murder by Interpol, who was residing illegally in Splendora, Texas. Sanchez, originally from Mexico, was caught during a routine patrol and is now in ICE custody pending immigration proceedings. She faces charges for crimes committed outside the United States.
Source: YAHOO
Reported 4 months ago
Former OpenAI board member Helen Toner revealed in a podcast that the board was unaware of the company's launch of the chatbot ChatGPT in 2022 until after the fact, learning about it on Twitter. This lack of prior information about ChatGPT's launch contributed to the events leading to CEO Sam Altman's temporary ouster and subsequent reinstatement. Toner also criticized Altman's leadership and lack of transparency on safety issues. The board's decision to fire Altman was based on concerns about his candor and safety processes, with employees supporting his reinstatement.
Source: YAHOO
Reported 4 months ago
Cava Group (CAVA) reported first-quarter results that surpassed Wall Street estimates, with adjusted earnings per share of $0.12 beating expectations of $0.046 and revenue of $259.0 million exceeding the $245.9 million estimate. The company also raised its full-year comparable sales guidance to +4.5% to +6.5%, up from the previous +3% to +5%, and better than the +4.52% estimate. Despite the positive results, Cava's shares dropped. The company attributes the increase in comparable sales to the addition of grilled steak to its menu.
Source: YAHOO
Reported 4 months ago
Stewart-Haas Racing, one of NASCAR's major teams, has announced the closure of its Cup Series operations at the end of the 2024 season. The decision comes after losing sponsors and a downward trend in performance, with the team fielding four cars in the Cup Series and running a two-car operation in the Xfinity Series. The closure will make four charters available for purchase, impacting the dynamics of NASCAR teams and their guaranteed entry into races.
Source: YAHOO
Reported 4 months ago
A Colorado cattle rancher, Mike Morgan, and 34 of his cattle were killed by a lightning strike while he was feeding them hay in a field near Rand, 80 miles northwest of Denver. Morgan's wife and father-in-law survived the incident. Lightning strikes are most common during the summer months, with peaks in June, and the National Weather Service recommends seeking shelter indoors, avoiding corded phones, staying away from windows and doors, and unplugging electrical devices during thunderstorms to minimize the risk of lightning strikes in hot zones.
Source: YAHOO
Reported 4 months ago
Russia's finance ministry has proposed a new progressive income tax system that would increase taxes on the country's wealthy elite. The proposal involves a 13% tax for incomes up to 2.4 million rubles ($27,000) annually, with higher rates for higher incomes, reaching a maximum of 22% for those earning over 50 million rubles ($555,000) per year. The change aims to target only 3.2% of Russia's working population and represents a shift from the current flat-rate tax system in place since 2001.
Source: YAHOO
Reported 4 months ago
Billie Eilish's new album "Hit Me Hard and Soft" debuts at No. 2 on the Billboard 200 with 339,000 equivalent album units earned in the U.S., marking the biggest week of her career. All 10 songs from the album also debut in the top 40 of the Billboard Hot 100, with "Lunch" becoming Eilish's highest Hot 100 debut, entering at No. 5. This achievement brings Eilish's career total to 43 charted songs on the Hot 100, with 10 new top 40 hits. Additionally, the album debuts at No. 1 on the Vinyl Albums chart, marking Eilish's fifth consecutive No. 1 on the list and 27 total weeks at the top, second only to Taylor Swift.
Source: YAHOO