Reported 5 months ago
American homeowners are postponing home renovation projects and opting for more budget-friendly options due to high borrowing costs and a slow housing market recovery. Major home improvement retailers like Home Depot and Lowe's have reported a decrease in big-ticket project spending, with consumers shifting towards cheaper DIY solutions. Rising interest rates have led to a decline in remodeling investments, causing homeowners to delay projects to increase home resale value. The overall spending on home improvement and repairs is expected to decrease, with many homeowners reevaluating their renovation plans and seeking cost-effective alternatives.
Source: YAHOO
Reported 5 months ago
Walmart is offering Memorial Day deals on a variety of items, including a $1,600 discount on a Samsung TV, a Dyson vacuum for $140 off, and a 12-quart air fryer for $70. Other deals include discounted laptops, luggage sets, headphones, pillows, Michael Kors crossbody bags, gardening equipment, and more. These flash deals on Walmart's secret sale page are available for a limited time, so shoppers are encouraged to act quickly to take advantage of the discounts.
Source: YAHOO
Reported 5 months ago
Novo Nordisk has been a strong performer in the past decade, with a 527% return, largely attributed to its weight-loss drug Ozempic. However, with a more competitive weight-loss market emerging, the company's growth may slow down in the next 10 years despite its recent revenue and profit growth. While Novo Nordisk is still considered a good buy at its current price, investors should not expect the same high returns as in the past decade, but a doubling in stock value and reaching a market cap of $1 trillion is feasible.
Source: YAHOO
Reported 5 months ago
The article discusses the impact of WNBA rookie Caitlin Clark on women's basketball, comparing it to Tiger Woods' impact on golf. Clark's visibility has brought increased attention and ticket sales to the WNBA, with her recent draft by Indiana being highlighted as a key factor. Additionally, there are letters discussing LeBron James' status as a true Laker, criticisms of the Lakers' playing style, and concerns about the Los Angeles Dodgers' performance. Overall, the article showcases various perspectives on current sports-related topics.
Source: YAHOO
Reported 5 months ago
April 2024 saw a notable spike in US corporate bankruptcies, reaching the highest monthly level in a year. RapidRatings Executive Chair James Gellert attributes this trend to the end of a period marked by easy access to cheap capital and low interest rates, which allowed struggling companies to survive. Sectors like retail, entertainment, food, and auto are particularly impacted, with changing consumer behaviors post-COVID contributing to the strain. Gellert notes that bankruptcies are not limited to the US, with a global trend of increased Chapter 11 filings observed in the second quarter of 2024.
Source: YAHOO
Reported 5 months ago
British triathlete Beth Potter won bronze at the World Triathlon Championship Series in Cagliari, finishing seven seconds behind the winner Cassandre Beaugrand. Four British athletes finished in the top 10, with Potter securing her spot in the Team GB squad at the Paris Olympics. Fellow Olympic hopefuls Georgia Taylor-Smith and Sophie Coldwell finished sixth and seventh respectively, boosting their chances of qualifying for Paris.
Source: YAHOO
Reported 5 months ago
The article discusses the importance of investing in dividend stocks with sustainable payouts, using Pfizer as an example of a high-yield stock that is worth holding long-term despite recent challenges. Pfizer's entry into the COVID-19 vaccine market has rejuvenated its pipeline and set a foundation for future growth, despite current financial results showing a decline in revenue and earnings. The company's forward dividend yield is over 5%, and while its cash payout ratio may seem high, management remains confident in its ability to maintain and grow dividends over time. Patience with Pfizer's recovery process is advised for long-term investors seeking income opportunities.
Source: YAHOO
Reported 5 months ago
In his upcoming memoir "Entrances and Exits," Seinfeld actor Michael Richards reveals the emotional turmoil he faced upon learning the truth about his conception. After discovering that his father was not who he was led to believe, Richards learned that he was the result of his mother's sexual assault and initial plans for adoption. This revelation led to feelings of being unwanted and unloved, impacting his self-esteem and career decisions, including turning down opportunities like a star on the Hollywood Walk of Fame and hosting Saturday Night Live. Richards reflects on his struggles with anger and insecurity stemming from this newfound knowledge, which he had to come to terms with over the years.
Source: YAHOO
Reported 5 months ago
The 2024 NBA Playoffs Conference Finals are underway, with the Boston Celtics already advancing after sweeping their series against the Indiana Pacers. The next matchup is between the Minnesota Timberwolves and the Dallas Mavericks, with the Mavericks currently leading 3-1. Game 5 is scheduled for tonight at 8:30 p.m. ET on TNT. The NBA Finals are set to begin on Thursday, June 6, airing on ABC. Fans can catch all the action on various channels like ESPN, ABC, TNT, and NBA TV, with streaming options available for cord-cutters.
Source: YAHOO
Reported 5 months ago
As Memorial Day and summer approach, enhance your fruit salad with a simple addition from your pantry: instant vanilla pudding. This ingredient helps keep the fruit salad fresh by creating a lightly creamy coating that prevents the fruit from turning soggy too quickly. Additionally, the subtle vanilla flavor enhances the natural taste of various summer fruits, making it a noticeable and delicious upgrade that your guests will appreciate. To incorporate it, simply sprinkle a teaspoon of instant vanilla pudding mix over your favorite fruit salad and mix well.
Source: YAHOO
Reported 5 months ago
DeAndre Hopkins, wide receiver for the Tennessee Titans, praises the team's wide receiver group as one of the best he has played with on paper, expressing confidence in their potential. Despite his upcoming 12th NFL season and playing for his third team, Hopkins aims to demonstrate that he is the top receiver in a talented group that includes Calvin Ridley, Tyler Boyd, and Treylon Burks. Hoping to outcompete and outdo his teammates, Hopkins is focused on elevating the team's performance and showcasing his skills as he approaches his 32nd birthday.
Source: YAHOO
Reported 5 months ago
Cathie Wood, the CEO of ARK Invest, recently increased her holdings in Adaptive Biotechnologies, Intellia Therapeutics, and Shopify despite their stock values declining by 16% to 29% in 2024. Shopify's shares are down 27% this year due to lower-than-expected growth projections, but analysts foresee revenue and profitability growth ahead. Intellia Therapeutics, specializing in CRISPR-based treatments, has seen a 16% decrease this year despite good earnings, while Adaptive Biotechnologies, despite a 50% stock value drop, showed positive financial results recently. Wood's strategic investments in these growth companies reflect her confidence in their potential amidst market volatility.
Source: YAHOO
Reported 5 months ago
Nicole Brown Simpson's sisters share details about her life in the upcoming Lifetime documentary series, "The Life & Murder of Nicole Brown Simpson." They describe her as a fun-loving mom who adored dancing, horses, and making holidays special. The documentary, airing on June 1 and 2, reveals new details about Nicole's life and death, shedding light on her vibrant personality and the abuse she endured during her marriage to O.J. Simpson. Nicole's sisters hope to portray her as a beautiful human being beyond the tragic circumstances of her murder.
Source: YAHOO
Reported 5 months ago
Despite receiving a low 14% rating on Rotten Tomatoes from both critics and audiences, the cheesy Netflix original movie "Mother of the Bride," starring Brooke Shields, has become the most-watched film on Netflix in several territories. In contrast, another poorly reviewed film, "Madame Web," has a lower critic score but a higher audience score. "Mother of the Bride" follows a classic romantic comedy template, featuring a fun cast including Brooke Shields, Miranda Cosgrove, Benjamin Bratt, and Chad Michael Murray. This unexpected success suggests that Netflix may be catering to audiences looking for "so bad they're good" movie nights.
Source: YAHOO
Reported 5 months ago
The article discusses how interest rate increases have impacted the renewable energy industry, causing stock prices to drop and dividend yields to rise. However, with expectations of falling interest rates in the future, top renewable energy producers like NextEra Energy and Clearway Energy are predicted to soar in 2024 and beyond. NextEra Energy is expected to continue growing its earnings and dividends, while Clearway Energy's capital recycling strategy positions it for high dividend growth. The article suggests that these stocks have the potential for strong returns due to the renewable energy sector's growth and declining interest rates.
Source: YAHOO
Reported 5 months ago
The article discusses a clash in the aluminum market between Trafigura Group, a commodities trading giant, and banks and hedge funds over a massive aluminum stash worth over $1 billion at London Metal Exchange warehouses. Trafigura has been delivering large volumes of aluminum onto the LME, prompting banks and hedge funds to buy up the metal and order it back out of the warehouse system. This has led to changes in aluminum ownership worldwide, warehouse queues, and speculation about potential shortages, with Trafigura accumulating aluminum in Port Klang and then transferring it onto LME warrant. The article highlights the ongoing battle for aluminum stockpiles, the impact on market dynamics, and differing views on aluminum prices and demand.
Source: YAHOO
Reported 5 months ago
During a G7 finance meeting in Italy, European Central Bank policymaker Fabio Panetta stated that Italian banks, including UniCredit and Intesa Sanpaolo, must cease their business activities in Russia due to reputational concerns. Panetta highlighted the complexities and challenges associated with exiting Russia, emphasizing the need for banks to disengage despite the difficulties involved. This directive follows UniCredit's Russian arm experiencing asset seizures related to a gas project. Both UniCredit and Intesa have faced obstacles in finding buyers for their Russian businesses due to Western sanctions, with supervision from European and U.S. authorities overseeing their exit strategies.
Source: YAHOO
Reported 5 months ago
The article discusses how a woman in St. Louis bought a four-bedroom, two-bathroom house for $135,000, highlighting the affordability and lower competition in the Midwest housing market. The Midwest is noted as a bright spot due to its affordable listings, thriving local economies, and friendly communities, making it an attractive option for homebuyers. The region stands out for its affordable housing costs, with cities like St. Louis offering relatively low median home prices compared to the national average.
Source: YAHOO
Reported 5 months ago
Rafael Nadal stated that there is a "big chance" that this year's French Open could be his last, but he will need time after the tournament to make a final decision. As the record 14-time French Open champion, Nadal is unseeded for the first time since 2005 due to injuries, facing the possibility of drawing a seeded player in the first round against Alexander Zverev. Despite his physical challenges, Nadal has not ruled out playing beyond 2024 and mentioned he is enjoying tennis and traveling with his family, leaving the door slightly open for future participation.
Source: YAHOO
Reported 5 months ago
Memorial Day is a federal holiday observed on the last Monday in May, honoring America's fallen soldiers. Government offices, post offices, courts, and schools are closed, as well as U.S. stock markets and banks. While Costco will be closed, most retailers will be open with promotional sales, and travel is expected to increase with 43.8 million travelers, including a record number of car travelers, projected for the holiday weekend. FedEx and UPS services will also be limited on Memorial Day.
Source: YAHOO
Reported 5 months ago
BlackRock, a key shareholder in Anglo American, reportedly encouraged the company to continue discussions with BHP Group regarding a proposed 38.6 billion pound mining merger, along with support from other significant shareholders like Ninety One and Sanlam Investments. BHP now has until May 29 to make a firm bid for Anglo American. BlackRock, holding a 9.6% stake in Anglo, is also a shareholder in BHP. BHP is expected to focus on addressing Anglo's concerns about execution risks in their proposal. However, there are differing opinions on the deal's structure, with Anglo potentially seeking alterations or a higher payout from BHP. Responses from Anglo American, BHP Group, and BlackRock regarding the situation were not provided.
Source: YAHOO
Reported 5 months ago
Luka Dončić led the Dallas Mavericks to a 109-108 victory over the Timberwolves in Game 2 of the Western Conference finals with a game-winning 3-pointer. Despite a tense final minute, Dončić's clutch performance, including a 32-point, 13-assist, 10-rebound stat line, solidified his status as one of the best players in the league. His ability to control the game and make crucial plays in the decisive moments has propelled the Mavericks to a 2-0 series lead. The article highlights Dončić's impact on the court and his growing reputation as a superstar in the NBA.
Source: YAHOO
Reported 5 months ago
Three companies, including Meta, Activision, and Daniel Defense, are facing wrongful death lawsuits related to the Uvalde school shooting of 2022. The lawsuits accuse the companies of contributing to the behavior of the shooter through means such as aggressive marketing on Instagram and the inclusion of weapons in video games. The suits allege that the shooter was influenced by these companies before committing the tragic act, resulting in the death of 21 individuals at Robb Elementary School.
Source: YAHOO
Reported 5 months ago
Source: INVESTORS
Reported 5 months ago
A stock split is when a company divides each share of its stock into a set amount of shares, increasing the outstanding shares and liquidity while lowering the stock price to make it more accessible to investors. This process allows investors to own more shares at a lower price, ultimately making ownership more accessible to a wider array of people.
Source: YAHOO