Reported 5 months ago
Boeing has updated its training for new hires in manufacturing and quality, providing 10 to 14 weeks of foundational skills training before employees move to the production floor, which is longer than before. The company has installed a section of 737 fuselage at its Renton training center for hands-on practice, following an incident with Alaska Airlines in January. Boeing is revamping manufacturing practices amidst investigations and reduced production of its popular 737 MAX 9 jet.
Source: YAHOO
Reported 5 months ago
Netflix's latest data dump, 'What We Watched: A Netflix Engagement Report,' revealed that out of the top 100 most viewed titles from July to December 2023, 33 were animated, amassing a total of 1,087,600,000 views. Despite this impact, licensed titles from other studios outranked Netflix originals. Universal supplied the most top-ranking animated films, with 22 titles through an exclusive deal, followed by other companies like Sony and Paramount/Nickelodeon. Animated titles are considered a great investment for Netflix due to their appeal to children and repeat viewing. Concurrently, upcoming Netflix releases include animated films like DreamWorks' Home and The Lego Movie.
Source: YAHOO
Reported 5 months ago
The recent State of Freight webinar in May discussed the slight but significant increase in the Outbound Tender Rejection Index (OTRI) in FreightWaves SONAR, indicating a potential positive shift in the freight market. Although not yet considered an inflection point, the OTRI rise to 4.82% from 3.08% was highlighted, suggesting an increasing sensitivity in the market. The discussion also focused on the implications for shippers as market dynamics change and the impact of the recent International Roadcheck Week on capacity and pricing. Additionally, the webinar emphasized the significance of capacity indices like OTRI over pricing as a market benchmark, and highlighted the steady demand for shipping capacity despite the challenge of excess capacity for carriers.
Source: YAHOO
Reported 5 months ago
The Dallas Cowboys' indecision regarding Dak Prescott's contract has hindered their ability to enhance their roster during the offseason, resulting in a quieter period for the team. Prescott's substantial salary-cap hit has limited the team's options, leaving them with minimal cap space and uncertainty heading into the upcoming season. The Cowboys have missed opportunities to either extend Prescott and free up cap space for acquisitions or explore trading him for future assets, ultimately impacting their ability to plan for the team's future and capitalize on the current season.
Source: YAHOO
Reported 5 months ago
JPMorgan Chase & Co has agreed to pay $100 million and admit to violating U.S. Commodity Futures Trading Commission rules due to trade reporting deficiencies, as disclosed by the regulator. The bank self-reported significant gaps in its trading data and order surveillance, dating back to 2013, leading to violations of reporting rules for CFTC-registered entities. The settlement marks a victory for the CFTC's push for admissions of guilt in enforcement actions, despite financial firms typically resisting such admissions due to potential additional costs from private litigation.
Source: YAHOO
Reported 5 months ago
Intuit Inc. saw a drop in its TurboTax service users this tax season, with 1 million fewer customers using the free version compared to the previous year. Despite this decline, Intuit reported higher revenue and profits, attributing the drop to a shift in focus towards more complex tax situations and the average spending of TurboTax users increasing by 10%. The company also announced the departure of Credit Karma CEO Kenneth Lin, signaling potential disruptions as the company navigates changes in its financial services offerings.
Source: YAHOO
Reported 5 months ago
SpaceX is considering a tender offer at a valuation of around $200 billion, as reported by Bloomberg News. This potential valuation is higher than a previous offer of $180 billion, with shares potentially being sold at a price range of $108 to $110. Elon Musk mentioned that SpaceX does not require additional capital and will be repurchasing shares. The company's profitability and strategy of utilizing tender offers are highlighted, allowing insiders to sell shares without the need for an initial public offering.
Source: YAHOO
Reported 5 months ago
In the article, "Asking for a Trend," host Josh Lipton discusses three markets - cryptocurrency, housing, and the beauty market. BitGo Go Network Head and Managing Director Matt Ballensweig shares insights on the potential approval of an ether ETF by the SEC, while Yahoo Finance's Julie Hyman explores the housing market's supply challenges despite falling mortgage rates. E.l.f. Chairman and CEO Tarang Amin joins the show to discuss the beauty giant's impressive fourth-quarter earnings beat and the company's growth prospects. The article highlights Elf Beauty's success driven by consistent growth and value proposition, as well as their focus on international expansion and diverse representation on corporate boards.
Source: YAHOO
Reported 5 months ago
Elon Musk's artificial intelligence startup X.AI Corp. is close to finalizing a funding round in June that could value the company at over $24 billion, including its latest cash infusion. The company has been seeking around $6.5 billion in financing, an increase from the previously reported $1 billion, with the deal highlighting Musk's track record and the potential of its chatbot technology utilizing data from Musk's social platform. Musk recently mentioned at a conference xAI's focus on truth-seeking and humor in AI, criticizing other models for pandering to political correctness.
Source: YAHOO
Reported 5 months ago
The Detroit Pistons are set to hire Trajan Langdon, the current general manager of the New Orleans Pelicans, as their new president of basketball operations. Langdon, who has been with the Pelicans since 2019, has been instrumental in key player selections and trades, including drafting Zion Williamson and acquiring players like Herb Jones and CJ McCollum. Langdon's hiring comes after the Pistons' worst season in franchise history, and there are questions about the future of general manager Troy Weaver and head coach Monty Williams under Langdon's leadership.
Source: YAHOO
Reported 5 months ago
The upcoming Season 4 of "Only Murders in the Building" on Hulu, set to premiere on August 27, will delve into the mysterious murder of Sazz Pataki, Charles' stunt double, with a star-studded cast including Meryl Streep, Molly Shannon, Eva Longoria, Eugene Levy, Zach Galifianakis, and more. The story will involve the trio investigating whether Sazz or Charles was the intended victim, while also dealing with the production of a movie based on their podcast and exploring the twisted lives of their building's residents.
Source: YAHOO
Reported 5 months ago
Chip powerhouse Nvidia's strong fiscal first-quarter earnings have highlighted the continued importance of AI in the market. CEO Jensen Huang sees AI as a significant opportunity for Nvidia, particularly in artificial intelligence inferencing. Experts Ben Bajarin and Paul Meeks discuss Nvidia's positive quarter and the future of AI in terms of workload placement and cost, considering competition from other hyperscaler cloud service providers and PC companies. While Nvidia remains a key player, the debate over where AI workloads will go and who will dominate the market continues. Other companies like Dell and hyper scalars are also seen as potential investments in the AI space.
Source: YAHOO
Reported 5 months ago
Patrick Mahomes shared on The Pat McAfee Show that he played a role in setting up Travis Kelce with singer Taylor Swift, claiming he invited Kelce to a concert and encouraged him to pursue her. Despite Kelce not being able to give Swift a friendship bracelet with his number initially, he eventually connected with her and their relationship progressed, leading to public acknowledgment and various outings together. The couple's romance unfolded, with moments like Kelce introducing Swift to his family, attending games together, and sharing celebratory kisses during victories, including after the Kansas City Chiefs' Super Bowl win in February 2024.
Source: YAHOO
Reported 5 months ago
The article discusses the Dow falling by 605 points despite Nvidia's strong earnings, with the Justice Department suing Live Nation over alleged market monopoly. They received breaking earnings reports from Ross Stores, Deckers Outdoor, and Workday, along with insights on the escalating tensions between China and Taiwan. The article also highlights the potential risks for chip investors due to Taiwan's semiconductor role and the challenges China faces in high-end chip production, as well as the implications of the Justice Department's lawsuit against Live Nation for the live events market.
Source: YAHOO
Reported 5 months ago
The Justice Department's lawsuit against Live Nation and Ticketmaster highlights allegations of anticompetitive conduct due to their monopoly in the live entertainment and ticketing industry. While breaking up the companies may not immediately improve the ticket-acquisition process for music fans, experts suggest that competition could benefit the industry, consumers, artists, and fans in the long run. However, the complexity of untangling Ticketmaster's connections with Live Nation and finding a suitable replacement for ticketing services poses challenges. The lawsuit aims to address issues related to high fees, technological failures, and market dominance but lacks clear solutions for resolving consumer grievances.
Source: YAHOO
Reported 5 months ago
Editors Maria Gonzales and Aika Miyake discuss their collaboration and friendship working on 'Shōgun,' with their final episode "A Dream of a Dream" being submitted for Emmy consideration in the Drama Picture Editing category. The conversation is hosted by Gold Derby's Tony Ruiz.
Source: YAHOO
Reported 5 months ago
Mexico's finance minister stated that there are no imminent plans for major debt restructurings for the state oil company, Pemex, and any new strategy would only be considered after the June 2 presidential election in coordination with the incoming administration. The comments are a reality check for investors who anticipated a swift resolution to Pemex's debt issues. The finance minister emphasized that any significant announcements regarding Pemex's debt would likely occur post-election. Bond prices of Pemex drifted lower following a global selloff of riskier assets, with analysts predicting that any substantial decisions regarding Pemex's debt would be made after the elections.
Source: YAHOO
Reported 5 months ago
Connor Bedard responded positively after being relegated to 13th forward duties for Team Canada by scoring a point in the team's quarterfinal match against Slovakia at the Men's World Championship tournament. Despite a decrease in ice time and production in previous games, Bedard showed resilience with physical play and nearly setting up another scoring opportunity. It remains to be seen if his performance will lead to increased minutes in the upcoming semifinals.
Source: YAHOO
Reported 5 months ago
The SEC has approved the NYSE and Nasdaq to list eight exchange-traded funds holding ether (ETH). However, approvals are still pending for money managers to issue these new products. The move marks a significant step towards allowing the ETFs to trade, potentially making ether more mainstream and accepted in retirement accounts. The SEC's decision follows previous approval for ETFs investing in Bitcoin and comes amidst a broader push for friendlier crypto regulations in Washington, including a recent bill passed by the US House of Representatives.
Source: YAHOO
Reported 5 months ago
Kelly Rowland addressed a recent viral confrontation with security on the Cannes red carpet, stating that she stood her ground and has boundaries she stands by. The incident occurred during the Cannes Film Festival at the Palais des Festivals staircase, where Rowland and the security guard had a heated exchange. Rowland emphasized that she stood her ground despite feeling unfairly treated compared to other attendees. She explained the incident during an interview with the Associated Press at the amfAR Cannes Gala, asserting her right to maintain her boundaries.
Source: YAHOO
Reported 5 months ago
DoubleLine Capital's CEO, Jeffrey Gundlach, predicts an impending U.S. recession due to higher interest rates impacting consumers and companies, citing signs like rising credit card delinquencies and weaker retail sales data. Gundlach emphasized a recessionary outlook over inflation concerns, advising caution in riskier corporate debt sectors and private credit investments. DoubleLine's strategy currently favors U.S. government debt holdings despite growing debt levels and potential restructuring risks in the future.
Source: YAHOO
Reported 5 months ago
Draymond Green believes Kobe Bryant is often left out of the greatest NBA player of all time debate due to several reasons, including playing alongside Shaquille O'Neal and not being the undisputed top player in the league for a long enough period. Green feels that Kobe's dominance was not as prolonged as that of Michael Jordan or LeBron James, which is why many do not include him in the conversation. Despite Bryant's successful career with the Lakers, winning five NBA titles, his partnership with O'Neal is often cited as a factor in his success. Green's Mount Rushmore of NBA legends includes Kobe, Shaq, LeBron, and Steph Curry, reflecting his close relationships with James and Curry.
Source: YAHOO
Reported 5 months ago
E.l.f. Beauty has achieved significant success by surpassing $1 billion in sales for the first time in a fiscal year and reporting a fourth-quarter earnings beat. The company's Chairman and CEO, Tarang Amin, attributes this growth to factors like consistency, innovation, and offering "prestige-like quality at extraordinary price points," which resonates well with customers. Amin also highlights the company's international expansion into countries like Canada, the UK, Italy, and the Netherlands, where e.l.f. has seen substantial growth. Additionally, e.l.f. Beauty has taken a unique approach by promoting board diversity, emphasizing the importance of inclusivity within its team and corporate boards.
Source: YAHOO
Reported 5 months ago
Lucas Paqueta, a talented Brazilian player with potential interest from Manchester City, is facing a critical moment in his career due to gambling offenses. The 26-year-old, who plays for West Ham in the Premier League, is under investigation by the English Football Association for spot-fixing charges, which could result in a lengthy ban and jeopardize his future in football. Despite his success on the field and the possibility of a move to a top club, Paqueta's career hangs in the balance pending a regulatory commission's decision this summer.
Source: YAHOO
Reported 5 months ago
The article discusses how the cooling off of markets, particularly in the U.S., is impacting Asian markets as the first U.S. interest rate cut is pushed further back, with expectations now set for December after the presidential election. The article highlights the potential impact of tighter global policy on risk assets, as well as the recent rise in U.S. business activity and increasing price pressures. Additionally, it mentions upcoming economic data releases, including Japanese inflation, New Zealand trade data, and G7 finance chiefs meeting in Italy.
Source: YAHOO