Reported 5 months ago
Snowflake's stock price target was revised by analysts following their earnings report. CEO Sridhar Ramaswamy highlighted the company's approach to innovation and the role of AI in fueling their platform during the earnings call. Despite Snowflake reporting increased revenue and raising their sales guidance, the company experienced a decrease in share value by 5.4% to $154.48. Analyst reactions varied, with Needham lowering their price target but maintaining a buy rating, while Bernstein raised their price target and KeyBanc boosted theirs, all noting different aspects of Snowflake's performance and future prospects in the AI and cloud computing market.
Source: YAHOO
Reported 5 months ago
Oil prices remain near a three-month low due to ample near-term supplies and reduced geopolitical risks, ahead of the upcoming OPEC+ meeting next month. Global benchmark Brent crude's prompt spread indicates a bearish contango structure, signaling sufficient supplies in the near future, despite both Brent and West Texas Intermediate futures settling higher on Friday. Traders are monitoring fuel demand as the Memorial Day holiday weekend kicks off the peak driving season in the US. OPEC+ is expected to extend production cuts during their meeting on June 2, supporting oil prices that have fallen since mid-April.
Source: YAHOO
Reported 5 months ago
China's $538 billion deposit exodus has fueled a bond rally, as efforts to boost economic growth led to a record outflow from bank deposits into higher-yielding assets like bonds and wealth management products. This shift, driven by investors seeking better returns and policy changes limiting preferential deposit rates, has yet to significantly impact consumer spending or stock investment. Despite concerns over the economic outlook, inflows into bonds and dividend stocks are expected to persist, indicating a shift towards riskier assets amid weakening confidence in the economy.
Source: YAHOO
Reported 5 months ago
Memorial Day Weekend travel is expected to see record numbers this year, with an all-time high in air travel and busy roads. Brett Keller, CEO of Priceline, predicts a surge in TSA checkpoint numbers, indicating a significant increase in travelers. Top destinations include major U.S. cities, entertainment hubs like Las Vegas, beach destinations in Florida, and resurging interest in Mexico and the Caribbean. Keller advises travelers to book flights in advance due to tight inventory, with average ticket prices down 15% from last year. Services like Priceline utilize AI to find the best flight deals and suggest booking early to secure preferred options.
Source: YAHOO
Reported 5 months ago
Eating a diet rich in vegetables can significantly lower the risk of many types of cancer due to their high antioxidant content, which helps protect against chronic inflammation. While all vegetables are beneficial for cancer prevention, oncologists recommend prioritizing cruciferous vegetables like broccoli, zucchini, kale, lettuce, and spinach for their phytochemicals that slow cancer growth. Incorporating more vegetables into your diet, along with maintaining other healthy habits like exercise and stress management, can help decrease cancer risk and improve overall health.
Source: YAHOO
Reported 5 months ago
Target (TGT) reported disappointing first-quarter earnings as their sales dropped, with Walmart (WMT) showing strength in contrast. Target's struggles are attributed to higher price points and smaller grocery departments, leading budget-conscious shoppers to opt for Walmart where their money goes further. In response to declining sales, Target announced price cuts on thousands of products, aiming to attract more customers and regain market share. Despite challenges, industry experts believe Target, known for its brand equity, has the potential to recover over time.
Source: YAHOO
Reported 5 months ago
The Philadelphia Phillies have had a strong start to the season, holding the best record in baseball despite not making major changes in the offseason and focusing on retaining key players like Zack Wheeler and Aaron Nola. The team's chemistry and familiarity with each other have been credited for their success, with players emphasizing the importance of sticking together and overcoming challenges as a group. Despite facing injuries, the Phillies have seen other players step up to contribute to their victories. The article also previews upcoming games against the Colorado Rockies and highlights the Rockies' recent improvement despite their overall struggling record.
Source: YAHOO
Reported 5 months ago
The article discusses how using certain phrases can indicate higher emotional intelligence, which involves awareness of one's own emotions and the ability to regulate them, as well as understanding and connecting with others. Phrases like "I feel...", "I want...", and "Hello—How are you today?" are highlighted as examples of emotionally intelligent communication. Having high emotional intelligence can lead to benefits such as better relationships, improved communication, and increased chances of success in various aspects of life. The ability to develop emotional intelligence is emphasized as a skill that can be learned through various influences, such as parental modeling, education, and practice.
Source: YAHOO
Reported 5 months ago
The upcoming changes to the U.S. stock settlement window are expected to disrupt trading for Asian money managers, requiring them to secure funds during early morning hours when currency markets are less liquid and more volatile. As the settlement time shortens, traders in Asia may face challenges in validating trades and converting funds into dollars within a 24-hour timeframe, impacting the $7.5 trillion daily forex market. Market participants are preparing for increased costs and potential risks associated with tighter timetables, with implications on liquidity conditions and transaction costs in FX flows.
Source: YAHOO
Reported 5 months ago
China recently announced a comprehensive support package to stabilize its struggling property sector, including measures like cutting downpayment requirements and removing the floor for mortgage rates to encourage homebuyer demand. The package involves local governments instructing state-owned firms to purchase unsold apartments for social housing, setting up a 300 billion yuan relending facility, and repurchasing idle land. This initiative is crucial as it marks the first nationwide government purchase program for the property market since the 2021 bubble burst, aiming to boost home buying confidence and unclog funding channels, although critics argue the funding may only cover a small portion of the massive unsold housing inventory in China.
Source: YAHOO
Reported 5 months ago
In the premiere of the final season of "Evil" on Paramount+, titled "How to Split an Atom," the episode picks up with Leland informing Kristen that they will be parents to the antichrist, leading to a series of eerie events involving a particle accelerator on Long Island and a mysterious djinn. Kristen's relationship with David causes tension with her husband Andy, while supernatural occurrences escalate, culminating in a revelation about the impending end of the world. The episode is filled with supernatural twists, confrontations, and a sense of impending doom.
Source: YAHOO
Reported 5 months ago
Analysts have revised their stock price target for First Solar due to the company's potential as a direct beneficiary of the increasing demand for electricity driven by artificial intelligence (AI). With AI expected to consume significant energy, First Solar is seen as well-positioned to benefit from this trend, with UBS analysts raising the company's stock price target to $270 from $252. The company's unique thin-film solar module technology and its emphasis on U.S. manufacturing expansion are highlighted as key factors contributing to its growth amidst the surge in AI-driven electricity demand. Additionally, recent White House moves to strengthen American solar manufacturing by removing certain solar panel import exclusions have further bolstered the outlook for First Solar.
Source: YAHOO
Reported 5 months ago
Charles Barkley expressed anger and frustration with TNT's leadership for potentially losing NBA rights and jeopardizing the future of "Inside the NBA." Barkley criticized the company for prioritizing College Football Playoff rights over the NBA, leading to low morale among the show's crew. He even suggested that his production company could take over the show if necessary. Barkley also speculated that Warner Bros. Discovery CEO's comments about not needing the NBA in 2022 may have soured negotiations with the league. The NBA Hall of Famer emphasized his concern for the crew members who have worked on the show for many years, likening them to family.
Source: YAHOO
Reported 5 months ago
The Tennessee attorney general is investigating an attempt by a company to sell Elvis Presley's Graceland at a foreclosure auction, which was halted by a judge following a lawsuit from Presley's granddaughter. The company claimed Presley's daughter, Lisa Marie Presley, had not repaid a loan using Graceland as collateral. The attorney general is looking into potential fraud, while the district attorney's office is not currently investigating. The company indicated it would drop its claim after the judge's decision, but legal filings have not confirmed this. Graceland, a popular tourist attraction, will continue operating as usual.
Source: YAHOO
Reported 5 months ago
Elon Musk predicts that artificial intelligence will eventually lead to a future where most jobs will be done by AI and robots, making human jobs optional. Musk emphasized the need for a "universal high income" to support this scenario, but he did not provide specifics on what that might entail. Despite concerns over job displacement, experts believe that jobs requiring high emotional intelligence and human interaction, such as mental health professionals and teachers, may not be easily replaceable by AI. Musk also expressed concerns about the potential impact of AI on human fulfillment and urged parents to limit children's exposure to social media influenced by AI algorithms.
Source: YAHOO
Reported 5 months ago
Paramount Global has signed a new multi-year content distribution deal with Charter Communications, including the ad-supported versions of Paramount's direct-to-consumer services like Paramount+ Essential and BET+ Essential for no extra cost to Spectrum TV customers. Charter will also offer Paramount's products to its Internet-only customers and will receive revenue share for new paid subscriptions and ad-free upgrades, as the company navigates potential acquisition bids. Customers with Paramount+ Essential can upgrade to Paramount+ with Showtime plan, and Charter will continue carrying CBS and all of Paramount's current cable networks. Disney and Charter had a similar deal last year that brought back Disney networks to Spectrum.
Source: YAHOO
Reported 5 months ago
Families of four Marines killed in a 2022 Osprey crash in California have filed a federal lawsuit against aircraft manufacturers Boeing, Bell, and Rolls Royce, alleging that mechanical failures in the Osprey were not addressed, leading to the deaths. The lawsuit claims that the Osprey's design flaws and failure to meet safety standards were factors in the crash. The Osprey, known for its ability to take off like a helicopter and fly like an airplane, has been involved in multiple accidents resulting in fatalities, prompting ongoing investigations and safety improvements.
Source: YAHOO
Reported 5 months ago
Chris Hemsworth was honored with a star on the Hollywood Walk of Fame, and his "Avengers" co-star Robert Downey Jr. paid tribute to him during the ceremony.
Source: YAHOO
Reported 5 months ago
Burger King, owned by Restaurant Brands International, is set to launch a $5 meal deal called the "Your Way Meal," following an agreement with franchisees. This move comes as a response to the cost-of-living crisis, with Burger King aiming to attract more customers by offering better promotions and deals. The $5 meal will include a choice of sandwiches, nuggets, fries, and a drink, and is expected to run for several months. Additionally, McDonald's is also planning a similar promotion, while other fast-food chains like Wendy's are ramping up their own deals.
Source: YAHOO
Reported 5 months ago
On Zero Blitz, hosts Jason Fitz, Charles Robinson, and Frank Schwab discuss the upcoming NFL season, highlighting topics like Jim Harbaugh's return to the league, Lamar Jackson's weight loss, the potential addition of an 18th game, and Aaron Rodgers' close call with a Vice Presidency nomination. Other points include the Russell Wilson-Justin Fields quarterback competition in Pittsburgh and Travis Kelce's pursuit of becoming the greatest tight end. The hosts also express excitement for Dak Prescott's contract drama and Marvin Harrison Jr.'s journey to the NFL.
Source: YAHOO
Reported 5 months ago
NBC Sports Bay Area reports that 49ers' Brandon Aiyuk and Deebo Samuel have been named in Pro Football Focus' top-10 NFL wide receivers list, with Aiyuk ranking at No. 8 and Samuel at No. 10. Aiyuk, known for his efficient route running, recorded over 1,300 receiving yards and seven touchdowns in the 2023 season, while Samuel showcased versatility with both receiving and rushing yards. Despite sharing targets with other offensive stars, the duo's performance has been recognized as they aim for a Super Bowl run in 2024.
Source: YAHOO
Reported 5 months ago
Trey Lance, quarterback for the San Francisco 49ers, expressed that his confidence is now higher than when he entered the NFL. Despite limited playing time, Lance feels prepared and focused on improving as a quarterback. He is set to compete for the backup position this season and remains optimistic about his future in the league. Lance emphasized the importance of continued learning, building trust with teammates and coaches, and being ready for when his opportunity to play comes.
Source: YAHOO
Reported 5 months ago
At the 30th Amfar Gala Cannes fundraising event, Winnie Harlow and Paris Jackson announced a walk-on role for Emily in Paris Season 5 up for bidding, but Netflix has not yet greenlit the season. The winning bidder will have a day on set in Paris during filming, contingent upon Season 5 pickup, and will also be invited to the Los Angeles premiere of Season 4 in August. Season 4 of the Netflix comedy will premiere in two parts, with the first five episodes airing on August 15 and the remaining five on September 12.
Source: YAHOO
Reported 5 months ago
Francis Ford Coppola's utopian epic film "Megalopolis," which he financed with $120 million of his own money, stirred debate at Cannes while his former partner George Lucas celebrated his 80th birthday at Skywalker Ranch. Despite the contrasting paths they took in their careers, both filmmakers eventually became billionaires, with Coppola focusing on his expanding wine business and Lucas preparing to open his billion-dollar art museum in Hollywood called The Museum of Narrative Art. Lucas has remained tight-lipped about the museum's specifics but has hinted that it will encompass all forms and genres of storytelling.
Source: YAHOO
Reported 5 months ago
The article discusses the wild price swings of Bitcoin and Ether as traders awaited a U.S. regulatory decision on spot-based Ether exchange-traded funds. Prior to the approval, ETH dropped to $3,500, then surged to nearly $3,900 upon reports of approval, settling above $3,800. Bitcoin also experienced fluctuations, dropping to the low-$66,000s, spiking to $68,300, and then falling below $68,000. Despite this, ETH performed better, gaining 1.5% while BTC declined almost 3% in the last 24 hours. Liquidations of leveraged crypto derivative positions exceeded $350 million during the day, with most losses coming from long positions, particularly in ETH and BTC derivatives.
Source: YAHOO