Reported 5 months ago
Giorgia Meloni, Italy's Prime Minister, blames the country's high debt on its history of unstable governments, attributing the situation to the need to secure trade-offs between coalition parties and the lack of long-term political strategies due to short political horizons. Meloni is advocating for political reforms that would allow Italians to directly vote for the premier to address Italy's chronic political instability. She emphasizes the need to halt rising borrowings and stop the negative impact of pandemic-era tax incentives on Italy's public finances.
Source: YAHOO
Reported 5 months ago
AMD CEO Lisa Su recently highlighted the company's progress towards achieving significant gains in AI and data center efficiency, aiming for a 30x increase by 2025 and potentially a 100x improvement by 2026-2027. Su emphasized AMD's focus on addressing power consumption issues related to AI, particularly in data centers, due to the surge in generative AI models like ChatGPT. The company's strategy involves silicon advancements, AI-specific architectures, system-level tuning, and hardware-software co-design initiatives to enhance power efficiency and performance, with a focus on 3nm Gate All Around transistors and data locality. Reports also mentioned AMD's market share gains and potential integration of its AI chips into Microsoft's Azure platform.
Source: YAHOO
Reported 5 months ago
The article discusses Nvidia's remarkable rise in the chip industry, transitioning from a videogame chip supplier to a leading provider of cutting-edge accelerators for artificial intelligence. Nvidia recently reported strong earnings, including a bullish sales forecast, a stock split, and a 150% boost to its quarterly dividend. Five charts illustrate Nvidia's growth, such as a significant increase in revenue, market capitalization, net income, and CEO Jensen Huang's soaring net worth, which has risen by about $40 billion.
Source: YAHOO
Reported 5 months ago
The municipal bond market experienced its worst week since March 2020, with yields on 10-year state and local-government debt rising by 34 basis points to 2.99% as a result of a surge in issuance, totaling over $180 billion in long-term municipal bonds so far in 2024. The increase in supply has been driven by issuers looking to act before the November US presidential election and potential tax policy changes, while some investors are also cautious about the Federal Reserve's actions in response to persistent inflation. However, the rise in municipal bond yields relative to Treasuries could attract investors as cash from maturing debt flows back into the market.
Source: YAHOO
Reported 5 months ago
Zach Wilson is moving on from a challenging time with the Jets to start fresh with the Broncos after a trade. Despite struggles in New York, Wilson is eager for a new opportunity in Denver, where he will compete for the starting quarterback position. Reflecting on his experiences, Wilson expressed gratitude for his time with the Jets but is excited for the new challenge ahead under the mentorship of head coach Sean Payton.
Source: YAHOO
Reported 5 months ago
Former Premier League referee and PGMOL referees observer Rodger Gifford was sacked after making a racist comment to a black official at an FA Cup match in December. Gifford told the official he would have to smile in the dark to be seen, leading to his dismissal and a five-month suspension by the Football Association for an "aggravated breach of misconduct." Despite denying the charge and claiming it was a light-hearted comment, Gifford was found guilty of making inappropriate racial remarks, resulting in his suspension from all football-related activities for five months, a £400 fine, and mandatory education.
Source: YAHOO
Reported 5 months ago
Hailey Bieber continues to showcase her signature style in new photos shared by Justin Bieber, even during her pregnancy, where she maintains her Cool GirlTM aesthetic with oversized blazers, baggy jeans, and menswear-inspired ensembles. Despite the baby bump, Hailey's commitment to her personal brand remains evident, emphasizing her unique fashion identity and ability to effortlessly blend comfort and style.
Source: YAHOO
Reported 5 months ago
The upcoming summer travel season is expected to be extremely busy, with Memorial Day weekend projected to be the busiest in 14 years, and airlines preparing for record numbers of passengers. However, travelers may face hurdles such as air traffic controller shortages, hot weather affecting flight schedules, and increased turbulence due to climate change. Additionally, a hyperactive Atlantic hurricane season is predicted, with potential impacts on flights along the US Gulf and Atlantic coasts. Despite these challenges, there may be some relief for budget-conscious travelers, as summer fares are expected to be lower than last year, particularly for US domestic and European flights.
Source: YAHOO
Reported 5 months ago
China has developed a new artificial intelligence chatbot trained on President Xi Jinping's political ideology, known as Xi Jinping Thought. The chatbot was trained on seven databases, including Xi Jinping Thought, and is part of efforts by authorities to promote the Chinese leader's ideas. The AI model, created by the China Institute of Cybersecurity Affairs, is designed for internal use and can generate reports, summarize information, and provide translations in Chinese or English, but it's unclear if it will be publicly available. This development comes amidst the U.S. and China's race for AI supremacy, with China aiming to become a global leader in AI by 2030, leveraging its large population for data training but also operating within strict censorship rules.
Source: YAHOO
Reported 5 months ago
Shares of Brazilian airlines Azul and Gol surged after announcing a codeshare agreement that will connect their networks and frequent flyer programs, potentially sparking merger speculation. The deal covers domestic routes not served by one carrier, creating 2,700 travel routes with a single connection. Azul's shares rose over 10%, while Gol's increased by up to 19%. Analysts believe this agreement could unlock additional revenue for Azul and increase the possibility of a merger, as both airlines aim to strengthen their positions in Brazil's competitive aviation market.
Source: YAHOO
Reported 5 months ago
According to a Yahoo Finance video, AAA projects that over 43.8 million Americans will travel over 50 miles during the Memorial Day weekend, with many driving. Gas prices have been declining recently, with the current average at $3.61 per gallon. Prices are expected to decrease by about five cents in the coming days due to lower wholesale and oil prices, but could potentially increase during the summer due to factors like hurricane season.
Source: YAHOO
Reported 5 months ago
Barcelona has decided to part ways with coach Xavi Hernandez after a tumultuous season that saw him initially wanting to leave, then changing his mind, only for the club to ultimately decide not to bring him back for the 2024-25 season. Despite leading Barcelona to the Spanish league title last season, Xavi's team struggled this campaign, finishing without a title and behind Real Madrid. The club's financial constraints and disappointing results likely contributed to the decision to make a coaching change. Xavi's last game in charge will be on the final day of the league season against Sevilla.
Source: YAHOO
Reported 5 months ago
Memorial Day fashion deals are currently offering up to 70% off on clothing and accessories from major retailers like Amazon, Nordstrom, Walmart, J.Crew, Adidas, and Skechers. The sales include popular items such as swimsuits, shorts, leggings, dresses, bras, and shoes, with discounts on brands like Levi's, Crocs, and Hoka. Customers can find a variety of stylish and comfortable pieces at discounted prices, making it a great time to update their summer wardrobe.
Source: YAHOO
Reported 5 months ago
The Securities and Exchange Commission (SEC) has approved US stock exchanges to list ether ETFs, following the approval of spot bitcoin ETFs earlier in 2024. Ethereum (ETH) is the second-largest cryptocurrency behind Bitcoin, with a market cap of over $450 billion. Ethereum and Bitcoin differ in their blockchain frameworks, with Ethereum using proof of stake and Bitcoin using proof of work for transactions. The SEC's approval of eight ether ETFs is a significant step for the crypto industry and reflects a push for more favorable regulations and product launches in the market.
Source: YAHOO
Reported 5 months ago
Pregnant Vanessa Hudgens was seen in a tight green maxi dress cuddling up to her husband, MLB player Cole Tucker, on a date night in Beverly Hills, California. The couple, expecting their first child, was captured in a sweet moment during their outing. Hudgens recently shared her hopes of showcasing her work to her future kids, expressing her intention to have a variety of content for them to watch at different ages. She announced her pregnancy at the 2024 Oscars and has been sharing glimpses of her journey on social media.
Source: YAHOO
Reported 5 months ago
Japan's top currency official, Masato Kanda, stated that appropriate actions will be taken in response to excessive foreign exchange movements caused by speculative trading that could harm the economy. Kanda's remarks came after the yen weakened to its lowest level in three weeks, with suspicions of a currency intervention by Japan's finance ministry. Despite US Treasury Secretary Janet Yellen suggesting that currency intervention should be rare and well-flagged, Kanda emphasized that Japan will continue to intervene as needed. Following Kanda's comments, the yen saw a slight gain, trading around 156.90 per dollar in the evening in Europe.
Source: YAHOO
Reported 5 months ago
The article discusses the weekly price forecast for the USD/JPY pair, indicating that the US dollar has continued to strengthen against the Japanese yen. The recent rally suggests a continuation play following a hammer formation in the previous week's candlestick. Market dynamics indicate potential further upside towards the ¥160 level, with short-term pullbacks likely finding support near ¥155 and ¥152 levels. Overall, the article suggests a bullish outlook for the pair, with a cautious stance on selling unless it breaks below ¥150 and considering fundamental factors.
Source: YAHOO
Reported 5 months ago
Luxury home sales in Silicon Valley are seeing a significant increase, with a surge in high-end real estate activity attributed to the ongoing artificial intelligence boom. The market analysts suggest that the demand for luxury homes, defined as properties over $5 million, has risen by 80%, with many luxury listings selling within seven days without contingencies. The success in the luxury housing sector is linked to the prosperity of employees in the tech industry, particularly those benefiting from the AI boom. This trend mirrors previous real estate booms in Silicon Valley, such as during the internet and social media growth eras, indicating a positive outlook for the luxury housing market as AI continues to thrive.
Source: YAHOO
Reported 5 months ago
The article from BuzzFeed lists 32 pictures that might make you feel old if you recognize them, such as old TV sets, vintage kitchen floors, and nostalgic items from the past like alarm clocks and toys. The humorous list aims to evoke nostalgia and humor in readers as they reminisce about these items from their past.
Source: YAHOO
Reported 5 months ago
The article discusses the challenges faced by retailers due to a weakening consumer sentiment caused by inflation. HSBC US Head of Retail and Apparel Eric Fisch highlights that retailers are becoming leaner by reducing inventory and expenses to adapt to changing consumer sentiment. Fisch suggests that retail growth typically hinges on lifestyle or trend changes, with a focus on innovation in style and material, particularly emphasizing comfort. The article also touches on the importance of product innovation and promotional strategies in the retail sector.
Source: YAHOO
Reported 5 months ago
Oklo, a company focusing on creating clean energy through fission reactors, is aiming to address the predicted doubling of global electricity consumption for cryptocurrency, data centers, and AI by 2026, as per the International Energy Agency. Backed by OpenAI founder Sam Altman, Oklo's CEO Jake DeWitte discusses their next-generation nuclear technology that could potentially power the planet for over a billion years. The company designs, owns, and operates nuclear plants, selling power through long-term uptake agreements, with a focus on catering to the energy demands of the AI and data center sectors.
Source: YAHOO
Reported 5 months ago
In the latest episode of "RuPaul's Drag Race All Stars," the queens competed in the "Snatch Game of Love" challenge. The top two performers, Nina and Gottmik, were awarded with badges to bestow upon another queen of their choice. Drama unfolded backstage as the queens discussed alliances and strategic gameplay, ultimately leading to Gottmik winning the lip sync and cutting off Jorgeous from earning a badge next week. Anitta joined as a guest judge, expressing love for drag culture in Brazil.
Source: YAHOO
Reported 5 months ago
NBC Sports recently highlighted Aaron Civale, a pitcher for the Tampa Bay Rays, whose performance this season has been hindered by giving up home runs and a high ERA, but his underlying metrics show potential for improvement. They also mentioned Lars Nootbaar of the St. Louis Cardinals, who has shown promise with four home runs and 11 RBIs in recent games. Additionally, they discussed MJ Melendez of the Kansas City Royals, whose breakout season has not yet materialized due to increased strikeouts, but his catcher eligibility in Yahoo leagues could still make him a valuable fantasy asset given the Royals' offense performance.
Source: YAHOO
Reported 5 months ago
After an 11-year break, New Kids On The Block have reunited to release their new album, 'Still Kids.' They discuss the creation of their new song, "Better Days," their thoughts on NSYNC and the Backstreet Boys, and provide insights into what fans can anticipate on their upcoming Magic Summer tour.
Source: YAHOO
Reported 5 months ago
Alan Cumming, host and producer of Peacock's reality TV series "The Traitors," describes the show as having an obsessive nature that captivates viewers and participants alike. He praises Season 2 for elevating the players, tasks, and personalities to create a successful season, likening his role to that of a "James Bond villain" and "castle daddy."
Source: YAHOO