Reported 5 months ago
Kansas City Chiefs' player Travis Kelce shared his thoughts on teammate Harrison Butker's controversial commencement speech at Benedictine College, expressing that he does not agree with Butker's views. Kelce emphasized the importance of respecting others' beliefs and backgrounds, drawing from his diverse upbringing in Ohio. Additionally, quarterback Patrick Mahomes had previously commented on the situation, acknowledging the differences in opinions within the team. Butker's speech, which touched on topics like birth control and IVF, has faced backlash from various groups, including the NFL and even rival teams like the Los Angeles Chargers.
Source: YAHOO
Reported 5 months ago
TotalEnergies is considering cross-listing its shares in the United States while maintaining its presence on the Euronext stock exchange, with Chairman and CEO Patrick Pouyanne mentioning that the majority of their shareholders are European. The move is part of a technical study to offer shares to the American market, and Pouyanne previously indicated in April that the company was seriously exploring a primary listing in New York to facilitate access for U.S. investors, with a decision expected by September. TotalEnergies intends to remain listed on the Paris stock market as well.
Source: YAHOO
Reported 5 months ago
Source: INVESTORS
Reported 5 months ago
Investors are expanding their search for AI investment opportunities beyond traditional tech companies like Nvidia, with a focus on sectors such as electrical components, real estate investment trusts for data centers, and utilities. Companies like Amphenol Corp, AES Corp, and TD Synnex Corp have seen increased interest, along with a broader set of potential AI winners in infrastructure and utility sub-industries according to Goldman Sachs. The AI trend is expected to have far-reaching implications across various industries, with a growing recognition of the impact on electricity prices and energy consumption.
Source: YAHOO
Reported 5 months ago
Kabosu, the Japanese Shiba Inu known for becoming the face of Dogecoin, a popular cryptocurrency, has passed away at the age of 18. Kabosu's owner announced the news in a blog post, noting that the dog died peacefully in her sleep. Dogecoin, initially created as a satirical response to the crypto frenzy in 2013, gained significant value after endorsements from Tesla CEO Elon Musk. Musk's promotion of Dogecoin, including featuring Kabosu in various contexts, contributed to its market success, making it one of the top cryptocurrencies with a market capitalization of $23.6 billion.
Source: YAHOO
Reported 5 months ago
The United Arab Emirates is projected to achieve its full oil capacity target earlier than expected, likely reaching its 5 million barrel-a-day goal by the end of next year or early 2026 instead of the original target of 2027. This acceleration in capacity could create tension within OPEC and its allies as they deliberate new production quotas later in the year. Abu Dhabi National Oil Co. is increasing drilling and production efforts to meet this target, aiming to maximize oil deposits and utilization.
Source: YAHOO
Reported 5 months ago
Lucid Group (LCID) is cutting 400 jobs, or about 6% of its workforce, as part of a restructuring effort, following a previous cut of 1,300 positions. This move comes ahead of the release of Lucid's Gravity SUV later this year. The company is expected to incur charges of about $21 to $25 million from this restructuring plan. This decision reflects the challenges faced by Lucid and other EV manufacturers amid a slowdown in EV adoption and consumer spending due to high interest rates.
Source: YAHOO
Reported 5 months ago
The National Highway Traffic Safety Administration has found nine additional incidents involving Alphabet's Waymo self-driving vehicles that raised concerns about their performance, following an initial investigation into 22 reports of potential traffic safety law violations and unexpected behavior. The incidents included collisions with visible objects, disobeying traffic safety rules, and collisions with parked vehicles. NHTSA has requested Waymo to provide answers and video footage for these incidents by June 11, expressing concerns about the risk of crashes and injuries. This investigation is part of NHTSA's scrutiny into self-driving vehicle performance, which could potentially lead to a recall if safety risks are identified.
Source: YAHOO
Reported 5 months ago
John Krasinski pays tribute to Tina Turner in his movie "IF" by featuring her music, particularly the 1984 hit "Better Be Good to Me," to honor the late icon and his mother Mary, who is a big fan of Turner. Krasinski, who also stars in the film alongside Ryan Reynolds, includes a scene where a younger version of a character dances to Turner's song, and actress Ari Groover portrays Turner in an elaborate dance sequence. Turner's estate has been supportive of the movie's use of her music, which Krasinski sees as a celebration of her legacy and imagination.
Source: YAHOO
Reported 5 months ago
General Motors is working on developing a clutch pedal for electric vehicle transmissions in order to address concerns that EVs are not as engaging to drive as traditional vehicles. The company's patent outlines a new type of clutch actuation that would improve the transmissions in high-performance electric vehicles, providing drivers with more control and smoother gear shifts. However, the implementation of this technology in future electric models is not guaranteed, given the declining trend of manual cars in the U.S. and fluctuating sales of vehicles with manual transmissions.
Source: YAHOO
Reported 5 months ago
Brazil's state-run oil firm Petrobras has appointed Magda Chambriard as its new CEO, following the dismissal of former CEO Jean Paul Prates. Chambriard, a seasoned industry veteran and former head of the oil and gas regulator ANP, has already assumed her new role. President Luiz Inacio Lula da Silva selected her to lead the company towards job creation and industrial development, aiming to revitalize domestic shipyards, refineries, and other key infrastructure. Chambriard faces the challenge of navigating governance rules and external controls, but Mines and Energy Minister Alexandre Silveira reassured that she will execute Petrobras' $102 billion investment plan for 2024-2028.
Source: YAHOO
Reported 5 months ago
Stocks opened higher on Friday, with hopes of recovering from slight losses before the Memorial Day Weekend. The Dow Jones Industrial Average was up by about 0.1%, the S&P 500 up 0.3%, and the NASDAQ up 0.3%. The market saw a rebound from the previous day's sell-off, particularly due to Boeing's share price drop. Analysts are monitoring market direction and sector gains, with a focus on recent candlestick patterns and news regarding Eli Lilly's investments in anti-obesity and diabetes drugs.
Source: YAHOO
Reported 5 months ago
Alphabet's Google is set to invest $350 million in India's Flipkart, a move that will value the e-commerce company at $37 billion. Google's investment, part of a funding round led by Walmart, will make the tech giant a minority stakeholder in Flipkart. The collaboration aims to support Flipkart's business expansion and digital infrastructure modernization to serve customers across India. Speculation about Flipkart's potential initial public offering has been circulating since Walmart's acquisition of the company.
Source: YAHOO
Reported 5 months ago
A woman in the UK was sentenced to nearly seven years in prison for money laundering after converting bitcoin into cash and property to conceal the proceeds of a $6.4 billion fraud involving stolen money from Chinese investors. While she was not involved in the initial fraud, prosecutors stated that Wen Jian helped hide the money, leading to one of the largest cryptocurrency seizures by law enforcement globally. The woman denied the charges but was found guilty of one count of money laundering and received the prison sentence.
Source: YAHOO
Reported 5 months ago
Atlanta Federal Reserve President Raphael Bostic indicated that progress in taming inflation is slow, suggesting that a Federal Reserve rate cut is unlikely in the near future. Bostic's commentary aligns with the view that interest rates may need to remain higher for a longer period, potentially delaying any rate cuts. The Federal Reserve is considering conducting a new framework review of its inflation target in 2025, with the current target at 2%.
Source: YAHOO
Reported 5 months ago
Tesla is reportedly reducing production of its Model Y vehicle at its Shanghai gigafactory due to concerns about weakening demand in the electric vehicle market, particularly in China where Tesla is facing a price war with competitors offering cheaper EVs. This production cut, estimated at around 20%, is seen as an effort by Tesla to align its supply with demand in the market. The move reflects the challenges Tesla is encountering in China amidst increasing competition and geopolitical tensions, as highlighted by Yahoo Finance's Brad Smith and Seana Smith in their discussion on the topic.
Source: YAHOO
Reported 5 months ago
US stocks are looking to rebound after a two-day decline sparked by inflation worries, with the Dow experiencing its worst sell-off in over a year. Investors are awaiting next week's release of PCE data to assess inflation trends. Despite a strong rally in Nvidia stock, concerns about rising prices and Fed interest rate cuts linger, pushing back expectations for a rate cut to November. The S&P 500 and Nasdaq are up on Friday, while specific market news includes predictions for Nvidia stock, a sports bettor's significant gain, and potential surges in Ether if ETFs are approved by the SEC. Commodity movements include increases in crude oil and gold prices, a rise in the 10-year Treasury yield, and a slight drop in Bitcoin value.
Source: YAHOO
Reported 5 months ago
Alibaba Group Holding Limited announced the expansion of its global cloud computing availability, with plans to build new data centers in key markets like Mexico, Malaysia, Thailand, and South Korea over the next three years. Despite holding less than 5% of the global cloud market share, Alibaba dominates 39% of the market in China. The company aims to return to double-digit growth in the cloud division and has launched new AI products while engaging in a price war with competitors. Alibaba also plans to raise $4.5 billion through a convertible bond offering. However, Alibaba stock has faced challenges amid intense competition and a weak economy, losing 0.5% in the last 12 months. Investors can access the stock through ETFs like Global X E-Commerce ETF and Matthews Pacific Tiger Active ETF.
Source: YAHOO
Reported 5 months ago
Brian Daboll, head coach of the Giants, stated that tight end Darren Waller's decision on playing in the 2024 season is still pending, with Waller not participating in OTAs. Daboll noted that once Waller makes his decision, the team will proceed accordingly. Waller, 31, aims to make a decision before the end of the offseason program after catching 52 passes for 552 yards and one touchdown in 12 games last season.
Source: YAHOO
Reported 5 months ago
Source: BARRONS
Reported 5 months ago
Wall Street's top analyst upgrades include Wells Fargo upgrading DuPont to Overweight with a price target of $103, and Mizuho upgrading NXP Semiconductors to Buy with a price target of $325. Other upgrades mentioned in the article include Gannett, Saia, and Criteo, while downgrades were seen for companies like Cintas, Domo, and EnerSys. Initiations featured Shift4 Payments, Toast, Leonardo, Napco Security, and SoundThinking receiving coverage from Wedbush, Morgan Stanley, Craig-Hallum, and Lake Street.
Source: YAHOO
Reported 5 months ago
The Securities and Exchange Commission has approved the New York Stock Exchange and Nasdaq to list ether exchange-traded funds (ETFs), but money managers still need approval to issue these new ethereum-exposed funds. The SEC has not provided a timeline, and Yahoo Finance's Jennifer Schonberger discusses the next steps and SEC Chair Gary Gensler's recent comments. Approval for the actual funds to begin trading is pending, involving major names like BlackRock and Grayscale. This decision follows the recent approval of a Spot Bitcoin ETF and signals a shift in SEC's approach to exchange-traded products. Ether has seen volatility amid these developments.
Source: YAHOO
Reported 5 months ago
US stocks rebounded on Friday, with the S&P 500 rising 0.7% and the Nasdaq Composite gaining 1.1% to end a volatile week that saw the Dow Jones Industrial Average eke out a victory after its worst day in over a year. Tech stocks led the market higher, with Nvidia's upcoming stock split fueling retail interest. Meanwhile, the White House emphasized the importance of Federal Reserve independence, and Sonos CEO Patrick Spence discussed the negative impact of tariffs. The University of Michigan's consumer sentiment index for May fell to 69.1, marking its lowest level in five months due to inflation and interest rate concerns. CEO compensation has also surged, with companies like Tesla and Amazon splitting their stocks to signal optimism. Paramount secured a multi-year distribution deal with Charter Communications, and Google faced criticism over its AI Overview feature but stated it will not roll it back. Traders are more divided on whether the Fed will cut rates in September, with geopolitical turmoil and inflation cited as key market risks. JPMorgan's investor survey revealed a bullish outlook on stocks, with expectations of a rate cut and uncertainty regarding the US presidential elections.
Source: YAHOO
Reported 5 months ago
In a heartwarming story, a nervous Pit Bull named Rue was calmed by her mom, Mel, who offered her "brave girl blueberries" as a treat to help her overcome her fears. The trick worked like magic, with Rue responding positively to the mention of blueberries. This simple yet effective method showcased how offering rewards and positive associations can help dogs face their fears. Additionally, the article provides tips on how to help scared dogs acclimate to new situations and people, emphasizing the importance of patience and positive reinforcement in helping pets overcome anxieties.
Source: YAHOO
Reported 5 months ago
Lululemon Athletica Inc. is facing a challenging year as concerns grow over its sales performance, with shares dropping 9.5% this week and declining by 41% so far in 2024. The departure of a key executive has exacerbated Wall Street’s worries about the company's outlook, leading to a reorganization of its merchandising and branding teams. Analysts are eagerly awaiting the company's fiscal first-quarter results to assess its strategy for product development and merchandising, with mixed signals from May sales data. Despite these challenges, Lululemon's level of discounting has improved in May, suggesting potential stabilization in the current quarter.
Source: YAHOO