Reported 4 months ago
Stewart-Haas Racing, a successful NASCAR team with 69 Cup Series victories since its formation in 2009, will be closing its doors at the end of the 2024 season. Co-owners Tony Stewart and Gene Haas announced the decision after rumors of selling the team's charters had circulated for nearly a year. The team fields Cup cars for drivers such as Josh Berry, Chase Briscoe, Noah Gragson, and Ryan Preece, and their closure will also affect the SHR Xfinity Series team. The move comes amidst challenges such as losing sponsorships and support from Ford, with future plans for the team's charters and drivers remaining uncertain.
Source: YAHOO
Reported 4 months ago
The U.S. Treasury Department has set a minimum price of $492 million for the upcoming auctions to sell warrants that allow the purchase of shares in U.S. airlines received as part of COVID-19 assistance. This includes warrants from airlines like American Airlines, Delta Air Lines, United Airlines, and Southwest Airlines, with reserve prices ranging from $221 million to $1.7 million. The auctions aim to provide additional returns to taxpayers from the pandemic-related financial assistance, with the warrants expiring between 2025 and 2026.
Source: YAHOO
Reported 4 months ago
The article discusses how joining Costco can be a smart financial choice for seniors due to two main perks. Firstly, Costco offers discounted prescription drugs through their Member Prescription Program, potentially saving seniors up to 80% on popular medications, making it a significant cost-saving benefit for retirees who spend a notable amount on prescriptions annually. Secondly, Costco provides discounted travel packages, which can help seniors save money on vacations, with the possibility of earning a 2% cash back reward if upgrading to an Executive Membership. Overall, these perks could make a Costco membership worthwhile for seniors, especially if they frequently spend on medications and travel.
Source: YAHOO
Reported 4 months ago
The Federal Reserve Bank of Chicago President Austan Goolsbee has warned about the rising delinquency rates as a leading indicator of potential economic downturn. Recent data from the Federal Reserve shows a significant increase in delinquency rates in the first quarter of 2024, with 3.2% of outstanding debt in delinquency. This rise in financial distress among consumers is evident across all debt categories, with credit card and auto loan transition rates into serious delinquency increasing. The Federal Reserve attributes these rising delinquency rates to factors such as increased spending without substantial savings and lending to borrowers with lower credit scores. Policymakers and financial institutions are urged to closely monitor these indicators to prevent further economic deterioration.
Source: YAHOO
Reported 4 months ago
Toyota's Gazoo Racing division president, Tomoya Takahashi, stated that the team will continue to build gas-powered performance cars for as long as possible, showing little interest in developing an all-electric vehicle soon. While hybrid technology and synthetic carbon-neutral fuels are being considered to reduce emissions, the focus remains on internal combustion engines. This stance may disappoint those hoping for an electric Toyota sports car like the FT-Se concept, but it leaves the possibility open for gas-powered successors like the rumored LFA replacement.
Source: YAHOO
Reported 4 months ago
The article discusses how the stock market saw record highs, with the Nasdaq Composite reaching above 17,000 for the first time, driven by AI darling Nvidia hitting a record high share price of $1,140. The S&P 500 finished flat, while the Dow Jones fell over 200 points. Investors are monitoring inflation ahead of the Federal Reserve's preferred PCE gauge release. GameStop stock surged after a share sale, while Apple rose on strong iPhone sales in China. Robinhood announced a $1 billion share repurchase program. Additionally, Tesla's pay package and rates outlook, UBS boosting S&P 500 year-end target, and home price data were highlighted in the article.
Source: YAHOO
Reported 4 months ago
Jessica Simpson credits walking 6,000 to 14,000 steps per day as a key factor in her 100-pound weight loss journey after giving birth to her third child. She focused on sustainable habits, including a healthy diet and full-body workouts, rather than quick fixes like diet pills. Simpson's approach prioritized small, achievable goals, balanced indulgences, and a positive body image, while also emphasizing the importance of sleep and being a good role model for her children in terms of diet and exercise habits.
Source: YAHOO
Reported 4 months ago
Jennifer Garner is reportedly wishing the best for her ex-husband Ben Affleck amid his marriage troubles with Jennifer Lopez. Garner, who shares three children with Affleck, wants him to be happy and healthy for the sake of their kids. She appreciates Lopez's support for Affleck's sobriety and healthy lifestyle choices. Affleck and Garner divorced in 2017, and Affleck remarried Lopez in 2022. Despite their past, Affleck has spoken publicly about his respect and gratitude towards Garner, emphasizing the importance of co-parenting and mutual respect.
Source: YAHOO
Reported 4 months ago
DraftKings and FanDuel-owner Flutter Entertainment saw their stocks fall after the Illinois Senate passed legislation to increase taxes on sports betting, potentially raising the tax rate from 15% to as high as 40% on sports gaming companies' adjusted gross revenue. DraftKings fell 10% while Flutter fell 7.7% in US trading, with concerns about higher tax rates impacting investor sentiment. Rush Street Interactive Inc. gained 1.4%, and Penn Entertainment Inc. dropped 5.8%, as they are expected to pay lower tax rates compared to DraftKings.
Source: YAHOO
Reported 4 months ago
Toyota, known for its successful emphasis on hybrid vehicles over electric ones, is now planning to develop smaller internal combustion engines optimized for hybrid cars that can use alternative fuels like biofuels. The move is part of Toyota's strategy to cut emissions and offer diverse options for carbon neutrality in the face of a decarbonization effort. Despite the trend towards electric vehicles, Toyota believes there is still potential for improved combustion engines. Formerly criticized for its stance on EVs, Toyota's hybrid approach is proving successful as global EV sales stall, with the company's shares rising 20% since January and its net profit guidance reaching a record $30.3 billion in February.
Source: YAHOO
Reported 4 months ago
The article discusses various updates in the freight industry, including Memorial Day's impact on spot rates, a truck driver's unfortunate accident, and a new semi-truck release by Lego after 14 years. The new Lego set, 60440, contains 1,061 pieces and more minifigures compared to its predecessor, set 3221. Additionally, it mentions a decrease in wait times for drivers and upcoming releases of other Lego sets, like Lord of the Rings and The Legend of Zelda.
Source: YAHOO
Reported 4 months ago
Buffalo Bills' offensive coordinator Joe Brady expressed excitement about the newness in the wide receivers room, acknowledging the departure of key players like Stefon Diggs and Gabe Davis. Despite significant changes, Brady emphasized focusing on the strengths of the current receivers and adapting the offense to maximize their potential. The team has brought in new talent like Keon Coleman and Curtis Samuel to fill the void left by Diggs, but the offense will continue to be quarterback-driven through Josh Allen. Brady highlighted the need to adjust and assess opposing defenses while remaining optimistic about the team's potential moving forward.
Source: YAHOO
Reported 4 months ago
Loop Capital has raised Dell Technologies' stock price target to $185 per share from $125, attributing the increase to the company's progress in generative artificial intelligence (AI). The shift in perception of Dell from a PC and server company to one involved in AI has been noted, with Loop Capital highlighting Dell's potential in the long-term commercial IT sector. Dell's stock has seen significant growth, with a rise of over 250% in the past 12 months, and around 120% this year. The company is set to report its Q1 earnings on May 30th.
Source: YAHOO
Reported 4 months ago
The Porsche 911 is entering its hybrid era with the introduction of the 2025 911 Carrera GTS featuring a unique "T-Hybrid" system that includes two motors, one in the transmission and another in the turbocharger. The hybrid system provides the 911 with a total power output of 532 hp and 449 lb.-ft of torque, allowing the car to accelerate from 0 to 60 mph in just 2.9 seconds. Porsche's move toward electrification aligns with its focus on electric vehicles, including the all-electric Taycan and the upcoming all-electric Macan. The 2025 Porsche 911 Carrera GTS with T-Hybrid power is priced at $164,900 and is now available for order.
Source: YAHOO
Reported 4 months ago
The Chicago Blackhawks have re-signed forward Zach Sanford to a one-year, two-way contract with a cap hit of $775,000. Sanford, 29, had four assists in 18 games with the Blackhawks this season and also contributed in the AHL. He is expected to spend much of the 2024-25 season with the Rockford IceHogs, providing veteran leadership and being available for call-ups in case of injuries. Sanford has played for seven different NHL teams and was part of the St. Louis Blues' Stanley Cup-winning team in 2019.
Source: YAHOO
Reported 4 months ago
The U.S. has filed a labor complaint with Mexico over allegations that a Volkswagen plant in Puebla unfairly fired union activists, which includes the suspension of tariff benefits for vehicles and parts produced at the plant. This is the 23rd complaint filed under the USMCA, and Mexico must investigate the claims and address them accordingly. The complaint focuses on whether the management at Volkswagen de México, S.A. de C.V. fired workers based on their union activities.
Source: YAHOO
Reported 4 months ago
The Nasdaq Composite rose above 17,000 for the first time ever, while the Dow Jones Industrial Average dropped by 216 points and fell below 39,000. The S&P 500 held onto gains as well. Nvidia shares hit an all-time high intraday. The market recap highlights sector winners and losers, with tech and energy performing well while industrials, healthcare, and financials lagged. Notable leaders included chip stocks like Nvidia and energy companies like Exxon and Shell. Travel sector showed mixed results, with Delta Airlines down but cruise lines like Carnival up.
Source: YAHOO
Reported 4 months ago
A Virginia-based tech firm, Arthur Grand Technologies, has been fined $38,500 after posting an online job ad in March 2023 that explicitly stated only white Americans should apply for a Salesforce business analyst and insurance claims position, limited to US-born citizens within 60 miles of Dallas, Texas. The company, a minority-owned federal contractor, agreed to pay the civil penalty to settle the case with the Department of Justice and the Labor Department, acknowledging the discriminatory nature of the ad. The DOJ deemed the listing as "shameful" and in violation of the Immigration and Nationality Act, while the Labor Department expressed commitment to holding federal contractors accountable for discriminatory practices. The tech firm claimed the unauthorized posting was made by an employee in India.
Source: YAHOO
Reported 4 months ago
BillboardBunnie XO recently posted a TikTok video of herself provocatively dancing on her husband, Jelly Roll, and later responded to critics who said she doesn't act or dress like a country music star's wife. In a follow-up video, she dismissed the comments and asserted that she will not conform to narrow-minded expectations, emphasizing her individuality. Bunnie and Jelly Roll have been active on TikTok, sharing glimpses into their lives and workouts, with Bunnie maintaining a defiant attitude towards haters.
Source: YAHOO
Reported 4 months ago
Nvidia stock reached a new record high above $1,100, closing the day at over $1,140, following Elon Musk's xAI startup announcement of raising $6 billion in funding. The investment in AI has fueled optimism in Nvidia's growth potential, with the chipmaker recently reporting impressive first-quarter results and plans for utilizing Nvidia chips in xAI's projects. Nvidia also announced a stock split and dividend increase, with CEO Jensen Huang expressing confidence in continued strong demand for data center services.
Source: YAHOO
Reported 4 months ago
Subway is issuing a $3.35 billion franchise-backed bond to finance its buyout, making it the largest securitization of its kind. The bond offering is oversubscribed and expected to surpass previous records, with Morgan Stanley and Barclays Plc as joint advisers. Whole business securitizations are a common source of capital for businesses with franchise networks, offering cheaper financing in exchange for asset control. This marks a trend in ABS sales, with issuance up 27% compared to last year, including deals from other restaurant chains like Zaxby’s and Nothing Bundt Cake.
Source: YAHOO
Reported 4 months ago
Jefferies Financial Group is demanding that Weiss Multi-Strategy Advisers claw back around $30 million in bonus payouts made to employees just before filing for bankruptcy. Jefferies claims the hedge fund wrongly paid out bonuses when insolvent, with the cash meant for debt repayment. Weiss argues the bonuses were standard compensation and necessary during rescue deal negotiations with Millennium Management. If Weiss doesn't recover the funds, Jefferies may seek to retrieve the money with court permission. Jefferies also requested the removal of current executives, alleging bad faith in filing for Chapter 11 bankruptcy. The case is ongoing in the US Bankruptcy Court for the Southern District of New York.
Source: YAHOO
Reported 4 months ago
The CAA Moebius Film Festival, an annual event showcasing graduate student filmmakers, will take place on May 30-31 and feature an expanded lineup of schools, including international institutions from Ireland and England. The ninth edition will showcase 10 curated short films celebrating cultural and artistic diversity, with entries like "We Met at Camp" and "How to Skin a Cheetah." Organized by CAA Motion Picture agents, the festival aims to amplify new voices in filmmaking globally.
Source: YAHOO
Reported 4 months ago
In the article, Vincent Goodwill and J.A. Adande discuss the NBA playoffs action, emphasizing the significance of past losses for teams en route to winning the NBA Finals, citing examples of elite teams that succeeded after years of losing. They talk about the Boston Celtics' sweep of the Indiana Pacers, the Minnesota Timberwolves' early challenge against the Dallas Mavericks, and the Pacers' potential for improvement in 2025. Additionally, they pay tribute to legendary NBA player and broadcaster Bill Walton by sharing some favorite memories from his life.
Source: YAHOO
Reported 4 months ago
Ben Affleck appeared somber as he attended his daughter Violet's high school graduation party without Jennifer Lopez amid their marital troubles. Ben, who was seen wearing his wedding ring from Jennifer, looked glum as he walked past awaiting paparazzi. Speculation about their marriage has been fueled by Ben's solo appearances and Jennifer shutting down questions about their relationship during a recent event in Mexico City. Despite their public outings together, sources have suggested that a divorce is on the horizon as the couple navigates their differences.
Source: YAHOO