Reported 4 months ago
Texas Instruments has received a $2.5 billion investment from Elliott Investment Management, which includes a dynamic capacity management strategy aimed at helping the semiconductor company achieve positive free cash flow by 2026. Elliott is pushing for Texas Instruments to prioritize free cash flow per share growth, citing past performance and potential for improvement. The investment is seen as significant, although the impact on the share price has been minimal so far.
Source: YAHOO
Reported 4 months ago
The Daily Beast is undergoing a restructuring process as new leadership aims to reduce the organization's losses, with plans to implement a buyout program to cut down the newsroom staff. The Daily Beast Union, consisting of 37 members, is currently negotiating with management regarding the reduction. Speculations suggest that up to 40% of unionized staffers may be affected by the buyout. Former ABC executive Ben Sherwood and former Hearst executive Joanna Coles have recently taken on leadership roles within the organization, which has reportedly been a financial burden for owner Barry Diller since its establishment in 2013.
Source: YAHOO
Reported 4 months ago
Shares of Norwegian Cruise Lines (NCLH) are rising after the company increased its full-year guidance, with Mizuho upgrading the stock to Buy. Yahoo Finance's Seana Smith and Madison Mills discuss the latest trends in the cruise sector, highlighting strong performances from Norwegian and Viking. Norwegian Cruise Lines hiked its outlook ahead of its Investor Day presentation, while Viking saw a 1.5% increase following its IPO debut on the New York Stock Exchange. Both companies are capitalizing on strong demand and cost-cutting measures, prompting optimism from investors and analysts.
Source: YAHOO
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
According to an article on Yahoo Finance, the small-cap market is expected to experience a "broad-based breakout" in 2024, with analyst Ari Wald highlighting that the Russell 2000 has been able to hold its 200-day average, indicating a potential positive trend for small caps in the second half of the year. Wald suggests that investors should buy market pullbacks in anticipation of higher market highs and notes that small caps need to participate in absolute price terms for overall market growth. Wald emphasizes the importance of small-cap involvement alongside the large-cap market movement for a balanced market rally.
Source: YAHOO
Reported 4 months ago
Campbell Soup announced plans to downsize its Jeffersonville, Indiana site and close the Tualatin, Oregon facility, resulting in 415 job cuts. The company aims to enhance growth, improve return on capital, and optimize manufacturing and distribution. The Oregon closure is expected by July 2026, impacting 120 of 330 employees initially, while part of Indiana operations will move to North Carolina and Pennsylvania, affecting about 85 of 230 workers. Campbell plans $230 million in investments by 2026 in modern facilities, creating 210 jobs. Last year, expansion at the Richmond, Utah plant was announced. Shares fell 2% following the news.
Source: YAHOO
Reported 4 months ago
Dallas Mavericks forward Maxi Kleber has been cleared to play in Game 4 against the Minnesota Timberwolves after being out of the lineup with a shoulder injury. However, center Dereck Lively II is listed as doubtful for the game due to a sprained neck sustained in Game 3. Kleber's return provides a boost for the Mavericks as they aim to complete a sweep in the Western Conference finals, while the team will need to adopt a next-man-up mentality in Lively's absence.
Source: YAHOO
Reported 4 months ago
According to a new Ernst & Young survey, 47% of CEOs are focusing on AI transformation by investing in technology over the next 12 months. EY Global Vice Chair of Strategy and Transactions, Andrea Guerzoni, explains that CEOs are optimistic about the impact of AI on productivity and the bottom line, attributing their enthusiasm to managing complexity, cost-cutting, and rationalizing portfolios. The survey also highlights CEOs' increasing optimism about revenue and profitability, despite challenges like cyber threats and the need for effective cybersecurity approaches.
Source: YAHOO
Reported 4 months ago
The federal judge overseeing former President Donald Trump's classified documents case denied a special counsel's request to bar Trump from making statements that could endanger law enforcement. The judge agreed with Trump's lawyers that the special counsel should have meaningfully conferred with the defense before filing such a motion, as required by local rules, and warned of potential sanctions for non-compliance. Trump's lawyers accused the special counsel of violating local rules and requested the court to impose sanctions on the prosecutors involved. The request came after Trump falsely claimed that President Joe Biden planned to assassinate him, prompting concerns about potential dangers to law enforcement agents.
Source: YAHOO
Reported 4 months ago
Kelly Ripa uses a dry brush on her skin daily, favoring the Scala Dry Brushing Body Brush from Amazon, priced at $9 and boasting nearly 13,000 five-star reviews. Ripa credits the practice with exfoliating skin, unclogging pores, and aiding circulation, following the advice of experts and celebrities like Elle McPherson. Reviewers praise the brush for its effectiveness in removing dead skin cells, reducing cellulite, and improving skin texture.
Source: YAHOO
Reported 4 months ago
51-year-old model Molly Sims recently shared that she is not trying to look younger, stating that she is comfortable with her age and not aiming to appear like she is in her 20s or 30s. Sims, who recently posed for the Sports Illustrated swimsuit issue’s 60th anniversary edition alongside other icons, emphasized that she is trying to look her best at her age. She also discussed how aging has taught her resilience and led her to prioritize skincare, which has contributed to her youthful appearance. Sims emphasized the importance of balancing mature perspectives with youthful energy in her skincare brand's messaging.
Source: YAHOO
Reported 4 months ago
The article discusses the process and costs associated with removing a trustee from a trust. It highlights that the cost of removing a trustee can vary based on factors like the reasons for removal, whether the trustee voluntarily steps down, or if court action is needed for removal. The article explains the duties of a trustee, reasons for removal, and the steps involved in removing a trustee from a trust, emphasizing the importance of understanding one's rights as a beneficiary. It also suggests seeking advice from a financial advisor for estate planning and handling trustee issues effectively.
Source: YAHOO
Reported 4 months ago
Millie Gibson shared her thoughts on the Doctor Who episode "73 Yards," where her character Ruby Sunday is involved in a mysterious and spooky adventure. The episode received praise for its captivating script and storytelling, with Gibson expressing gratitude for the opportunity to bring the character to life. The storyline follows Ruby's journey across decades, ultimately revealing a surprising twist. Gibson's co-stars and fans also commended her performance in the episode.
Source: YAHOO
Reported 4 months ago
Consumer confidence in the US rebounded in May, ending three months of decline, with the Conference Board's index rising to 102 from 97.5 in April, exceeding economists' expectations. The rise was fueled by a strong labor market, which offset slightly less positive views on current business conditions. Fewer consumers found jobs hard to get, and expectations for future business conditions improved. However, concerns about prices, particularly for food and groceries, still linger, with inflation expectations at 5.4%. Wealthier Americans, especially those making over $100,000 a year, showed the most confidence, with over 48% expecting stock prices to rise in the next year.
Source: YAHOO
Reported 4 months ago
Telegram, a messaging app, has become a platform for spreading disinformation by pro-Kremlin accounts in Europe, with Russian intelligence using it to recruit criminals for sabotage. Despite efforts to regulate online information, European officials struggle to police Telegram due to its lack of accountability. The app's lax content moderation rules allow it to serve as a hub for spreading fake news and propaganda, particularly regarding Russia's disinformation campaigns on various topics. Telegram's user numbers are currently below the threshold to trigger strict EU regulations under the Digital Services Act, highlighting the challenges in combatting misinformation on the platform.
Source: YAHOO
Reported 4 months ago
A passenger died after jumping overboard from the world's largest cruise ship, the Icon of the Seas, as it set sail from Florida on a seven-day Caribbean cruise. The Coast Guard assisted in the search for the man, who was later pronounced deceased. The ship continued its journey, and the incident follows a similar tragedy on another Royal Caribbean cruise ship a month prior.
Source: YAHOO
Reported 4 months ago
El Senado de EE. UU. está proponiendo la Ley NO FAKES (Nurture Originals, Foster Art, and Keep Entertainment Safe) en respuesta al creciente disgusto de la industria del entretenimiento por el uso de inteligencia artificial que copia o imita voces y trabajos de actores y músicos sin permiso. La legislación busca regular el uso de IA que afecta a las industrias cinematográfica y musical, con debates en torno a aspectos como los derechos post mortem y la duración de la protección de replicaciones digitales no autorizadas. El Líder de la mayoría del Senado, Chuck Schumer, está considerando de cerca la legislación para proteger a las industrias del cine y la música de la IA.
Source: YAHOO
Reported 4 months ago
According to Scotiabank's Chief Risk Officer Phil Thomas, while talks of rate reductions by the Bank of Canada in June and July are ongoing, it will likely take up to three quarters for the interest-rate cuts to have a substantial impact on Canadian consumers. The bank's provisions for loan losses in Canada nearly doubled in the last quarter, with homeowners potentially saving an average of C$100 ($73) per month on mortgage payments with a 25-basis-point rate cut. However, the effects may initially help borrowers with overdue payments, but will take time to fully support customers, especially with the prospect of a prolonged period of higher interest rates.
Source: YAHOO
Reported 4 months ago
Luciana Grandi Lourenção, a marathon runner, addressed the viral video of her crossing the finish line without immediately acknowledging her family. She clarified that she was focused on outrunning a competitor, and later celebrated with her daughters and husband. Despite the ongoing discussion about balancing personal passions and motherhood, many supported Lourenção for prioritizing her win and showcasing strength and independence to her daughters.
Source: YAHOO
Reported 4 months ago
According to a survey by the Federal Reserve Bank of New York, Americans anticipate an increase in federal student debt forgiveness. In April, the perceived likelihood of a year-ahead rise in debt forgiveness rose to 39%, marking the highest level since 2022. Older Americans showed the highest expectations, with a notably sharp increase among those aged 45 and older. Despite President Biden's initial plan to cancel around $400 billion in student debt being rejected by the Supreme Court, over 10% of Americans with federal student loans have received some form of debt relief under his administration. However, with $1.6 trillion in student debt owed by 43 million Americans and a recent announcement of higher interest rates on federal student loans, there is growing pressure on the Biden administration to further assist borrowers.
Source: YAHOO
Reported 4 months ago
Caitlin Clark secured her first win as a professional with the Indiana Fever but faced challenges due to a tough early schedule in the WNBA, resulting in a 1-7 record. Despite the losses, Clark's performances have been noteworthy, including a career-high 30 points in a game. The article compares Clark's rookie season stats and experiences with previous No. 1 draft picks in the league, highlighting the challenges and adjustments high draft picks face in transitioning to professional basketball, as well as the impact Clark has had on attendance and attention in the league.
Source: YAHOO
Reported 4 months ago
Lisa Jakub, the 'Mrs. Doubtfire' teen star, shared how Robin Williams, her co-star, spoke openly about mental health during the film, making her feel accepted and understood. After the movie, she founded Mission Flexible to support veterans, linking Williams' efforts in involving veterans in film production. Jakub also recounted how Williams advocated for her education when she was kicked out of school for filming, reflecting on his kindness and support beyond their work together.
Source: YAHOO
Reported 4 months ago
新秀跑步後衛Issac Guerendo在49ers的選秀過程中展現了速度，體重和易於教練的品質，讓他在球場上表現出色的同時也受到讚揚。跑步後衛教練Bobby Turner表示，Guerendo具備了球隊需要的速度，並讚賞他對比賽場上的理解和表現。Guerendo將在接下來的季前訓練中進一步證明自己，成為49ers陣容中有價值的成員。
Source: YAHOO
Reported 4 months ago
During the first round of the NCAA Championship, Virginia sophomore Ben James was penalized one stroke for slow play, ultimately costing him a shot at the individual title. Despite finishing in a six-way tie for runner-up, James missed a birdie putt that would have put him in contention for the championship. He spent time pleading his case to the NCAA after the penalty, but the result stood. James and his team moved on to face Auburn in the quarterfinals of match play.
Source: YAHOO
Reported 4 months ago
GameStop股份（GME）在週二早上股票大漲後，這家電子遊戲零售商宣布於5月24日星期五銷售了4500萬股普通股，共獲得9.33億美元。在本月早些時候的模因交易集會活動之後，這家模因股票的未來將會如何？Interactive Brokers首席策略師史提夫·索斯尼克（Steve Sosnick）分享了他對GameStop股票走勢的看法。他解釋說：“GameStop今早上漲了將近20％，因為他們賣出了近10億美元的股票。如果這是一家正常的公司，人們可能會有些驚慌，因為如果您認為股票被低估，您就不會將股票賣給市場；您認為股票被高估時才會這樣做。”欲獲得更多專家見解和最新市場動態，請點擊這裡觀看《Morning Brief》的完整節目。此文章由Luke Carberry Mogan撰寫。
Source: YAHOO