Reported 5 months ago
Zach Wilson, former Jets quarterback, describes his trade to the Denver Broncos as "bittersweet" but is grateful for the fresh start. Wilson didn't meet expectations in New York but is now competing for the starting quarterback position in Denver against Jarrett Stidham and Bo Nix. Despite the challenging experiences in New York, Wilson remains confident and sees the trade as an opportunity for growth and a new challenge.
Source: YAHOO
Reported 5 months ago
Gas prices are dropping in most U.S. states just in time for Memorial Day weekend, with the average cost of regular gasoline decreasing to $3.58 per gallon. This decline, down from $3.67 a month earlier, is aligning with prices from a year ago and is about 5% lower than the typical pre-Memorial Day cost since 2000 when adjusting for inflation. The decrease in fuel costs is expected to benefit consumers hitting the road for summer trips, help combat inflation, and potentially influence the economy positively as President Biden enters his re-election campaign.
Source: YAHOO
Reported 5 months ago
Amazon has a hidden sale hub with discounts on Amazon devices, offering up to 50% off popular products like Ring doorbells, Echo devices, Fire TVs, Kindles, and more. Some highlighted deals include the Hisense 50-Inch ULED 4K UHD Smart Fire TV for $300, the Amazon 55-Inch Fire TV Omni QLED Series 4K UHD Smart TV for $430, and the Ring Video Doorbell and Ring Indoor Cam Bundle for $80. Free shipping is available, with even more benefits for Amazon Prime members.
Source: YAHOO
Reported 5 months ago
After a 30-year Stanley Cup drought, the New York Rangers faced a harsh reality check in Game 1 of the third round against the Florida Panthers, losing 3-0 at Madison Square Garden. The Rangers struggled to handle Florida's forecheck, had difficulty with breakout passes, and failed to establish their own forecheck until the third period. Coach Peter Laviolette expressed confidence in bouncing back for Game 2, possibly by making lineup changes like adding tough guy Matt Rempe. The Panthers' strong play and the Rangers' need for adjustments set the stage for an intense Game 2.
Source: YAHOO
Reported 5 months ago
The article discusses various topics on Yahoo Finance's Market Domination show, including antitrust allegations, AI-driven energy demand, and updates on companies like Boeing and Arista Networks. Boeing warned of slowing fleet deliveries and negative cash flow, while Arista Networks faced pressure due to Nvidia's networking objectives. Live Nation also faced challenges as the US Justice Department filed an antitrust lawsuit against them. Synopsys CEO Sassine Ghazi joined the show to talk about collaborations with Nvidia and the acquisition of Ansys, highlighting the AI industry's advancements. Additionally, Ines Ferré analyzed Nvidia's first-quarter earnings and their implications for the growing demand for data centers and energy.
Source: YAHOO
Reported 5 months ago
Ventura's Sadie Engelhardt, a standout junior track athlete, is set to compete in the CIF State Track & Field Championships aiming for a three-peat in the girls' 1,600-meter run after breaking the National High School Federation record twice this spring. Other athletes to watch include Rylee Blade, Demare Dezeurn, and Kaylin Edwards, among others, who are poised to showcase their talents and compete for top honors in various events at the championships.
Source: YAHOO
Reported 5 months ago
The U.S. Securities and Exchange Commission (SEC) has approved applications from Nasdaq, CBOE, and NYSE to list exchange-traded funds (ETFs) tied to the price of ether, marking a significant development for the cryptocurrency industry. Nine issuers, including VanEck and BlackRock, are looking to launch ETFs linked to the second-largest cryptocurrency after the SEC approved bitcoin ETFs earlier this year. This unexpected approval signals progress and potential growth for the industry, with the SEC now required to review investor disclosures before these new products can start trading.
Source: YAHOO
Reported 5 months ago
MLB Commissioner Rob Manfred announced that Major League Baseball will not introduce robot umpires to call balls and strikes by the 2025 season due to technical issues with the automated ball-strike system (ABS). Instead, a challenge system may be implemented as a first step towards automated calls, with players expressing concerns about the potential impact on the game. Discussions are ongoing between MLB and the Players Association to address issues such as the shape of the automated strike zone.
Source: YAHOO
Reported 5 months ago
SpaceX is considering selling existing shares in a tender offer that could value the company at around $200 billion, according to sources. The potential offer, expected to start in June, may involve shares priced between $108 to $110 each. CEO Elon Musk stated that SpaceX does not require additional capital and will repurchase shares. This valuation would surpass the $180 billion valuation from their previous offer, putting SpaceX among the world's largest publicly traded companies. SpaceX representatives have not yet responded to requests for comment.
Source: YAHOO
Reported 5 months ago
Intuit raised its annual revenue forecast after posting a rise in third-quarter revenue, driven by strong demand for its AI-powered financial products like tax filing software TurboTax, personal finance portal Credit Karma, and accounting software QuickBooks. The company's Intuit Assist, an AI tool embedded in its products, provides personalized financial recommendations to small businesses and individuals. Intuit reported a revenue increase of 12% in the third quarter and expects annual revenue between $16.16 billion and $16.20 billion, up from its previous forecast, reflecting a positive outlook amidst a robust tax season.
Source: YAHOO
Reported 5 months ago
17-year-old Luke Littler won the 2024 Premier League Darts title, defeating Luke Humphries 11-7 at the O2 Arena in London. Littler, who doubled his career earnings with the £315,000 prize money, impressed with a nine-darter in the final and emotional victory, becoming the eighth player to win a Premier League title. Humphries graciously acknowledged Littler's strong performance, marking the start of a potential rivalry between the two darts stars.
Source: YAHOO
Reported 5 months ago
In a report released by a court-appointed examiner, it was found that FTX's bankruptcy lawyers from Sullivan & Cromwell were not complicit in the fraud that led to the collapse of the crypto company. Former FTX CEO Sam Bankman-Fried was convicted of stealing $8 billion from FTX customers, but the investigation found no evidence that the law firm knew about the fraud or ignored any warning signs. Despite facing accusations from FTX creditors and investors, the law firm's pre-bankruptcy work for FTX was deemed to be without any complicity in the fraud.
Source: YAHOO
Reported 5 months ago
During an interview with Yahoo Finance, Lenovo's North America President Ryan McCurdy discussed the company's strong Q4 earnings, attributing the success to their growth trajectory and new AI PC offerings developed in partnership with Microsoft. McCurdy highlighted Lenovo's 11% revenue increase in North America and emphasized the industry's readiness for innovative products, leading to positive growth despite previous challenges. The introduction of new AI PCs, such as the Lenovo Yoga Slim seven and Lenovo ThinkPad T14, is expected to drive further market share gains and competition with products like Apple's MacBook Air. McCurdy also discussed Lenovo's broader AI ecosystem and partnerships, expressing enthusiasm for the hybrid AI approach and expanding portfolio from smartphones to data centers.
Source: YAHOO
Reported 5 months ago
Atlanta Fed President Raphael Bostic stated that the U.S. is not yet beyond the "worry point" for inflation and may need to delay cutting interest rates due to ongoing upward pressure on prices, despite a slight decrease in April's inflation reading. Bostic highlighted that inflation remains a concern, with prices rising faster than usual for many goods. He also mentioned that the labor market shows resilience, indicating a robust job growth and energy in the economy, which could warrant maintaining a more restrictive monetary policy. Bostic suggested that the Fed might need to wait until the end of the year before considering a rate cut, emphasizing the importance of ensuring inflation is on track to reach the Fed's 2% goal before making any adjustments.
Source: YAHOO
Reported 5 months ago
French Canadian director Sophie Dupuis' film "Solo" explores the suffocating effects of toxic love within the world of drag performance, rather than focusing on traditional themes of queer identity and acceptance. The story follows Simon, a rising star in the Montreal drag scene, as he navigates a toxic relationship with his boyfriend Oliver and the return of his long-absent mother. The film delves into the complexities of reinventing oneself to please others and the conditional nature of love in toxic relationships. The collaboration between director Dupuis and actor Théodore Pellerin in creating complex, flawed characters is highlighted, with Pellerin's insistence on portraying gritty and imperfect characters shaping the narrative of "Solo."
Source: YAHOO
Reported 5 months ago
Applied Materials has revealed that it received another subpoena from the U.S. Department of Commerce in May related to shipments to China. The semiconductor equipment maker is already under investigation for potentially evading export restrictions on China's top chipmaker, SMIC, by sending equipment via South Korea without proper export licenses. Around 43% of Applied Materials' revenue comes from China, and the company has received multiple subpoenas from regulatory bodies in this regard.
Source: YAHOO
Reported 5 months ago
The U.S. Justice Department has sued Live Nation Entertainment, accusing them of inflating concert ticket prices through Ticketmaster, with the average ticket price for top concert tours in 2023 reaching $122.84. The lawsuit cites various factors contributing to high ticket prices, including numerous fees imposed by Ticketmaster, pre-sales limiting direct artist sales to fans, professional ticket resellers driving up prices, and Live Nation's market dominance in managing artists and concert promotions. Ticket prices in the U.S. are further inflated by fees and charges compared to other markets, with the lawsuit aiming to address these issues affecting artists and fans.
Source: YAHOO
Reported 5 months ago
The Dow Jones Industrial Average dropped 605 points due to Boeing's CFO warning about cash flow burn, causing the stock to plummet over 7%. Yahoo Finance's Jared Blikre shared market insights for May 23rd, highlighting a potential warning signal in the S&P 500. The VIX showed a reversal signal, and the correlation between copper and semiconductor stocks was noted, indicating potential material price increases. The article suggests caution in the market due to recent trends.
Source: YAHOO
Reported 5 months ago
Chris Paul is set to become a free agent this summer as the Golden State Warriors will not pick up his $30 million team option. The Lakers and Spurs are rumored to be potential suitors for Paul, with his friendship with LeBron James and desire to stay close to his family in Los Angeles adding to the speculation. The Lakers could offer Paul a veteran minimum contract for depth, while the Spurs are looking for point guards and could use Paul's veteran leadership. Ultimately, Paul will have options as he considers his next move.
Source: YAHOO
Reported 5 months ago
Paramount Global and Charter Communications have reached a new carriage deal that includes offering the Paramount+ "Essential" tier and BET+ Essential to Charter's TV subscribers for free, along with other Paramount-owned networks. This multi-year agreement will also allow for the Paramount+ with Showtime plan to be available at no cost for Spectrum's Paramount+ with Showtime linear customers. The deal comes at a crucial time for Paramount, following the recent ousting of CEO Bob Bakish and ongoing acquisition talks. Charter's agreement to market Paramount's direct-to-consumer products to its Internet-only customers is expected to generate revenue for both parties.
Source: YAHOO
Reported 5 months ago
Mortgage rates have dropped below 7% for the first time in over a month, offering some relief to potential homebuyers during the spring season. However, the housing market is still struggling with a limited supply of homes available for sale. Existing home inventory improved slightly in April, but remains significantly low, leading to a competitive market landscape for buyers. Despite the lower mortgage rates, the median home sales price has increased to $407,600, making it challenging for buyers to find affordable options.
Source: YAHOO
Reported 5 months ago
"Fallout" on Prime Video has become the first show to top Nielsen's streaming rankings for three consecutive weeks, with 1.53 billion viewing minutes across eight episodes during its third week. Despite a decrease in viewership compared to its debut, "Fallout" remains a strong performer. Other top streaming titles include "Bluey" on Disney+ and "Grey's Anatomy" on Netflix and Hulu. Additionally, Netflix's "Baby Reindeer" saw a 36% increase in viewing minutes, while new releases like "Anyone But You" and "Rebel Moon: Part 2" also gained significant viewership.
Source: YAHOO
Reported 5 months ago
In New York, shoppers are not legally required to stop for receipt checkers at store exits, unless there are reasonable grounds to believe they have committed theft, as per Section 218 of the New York General Business Law. Retailers like Walmart, Costco, and Sam's Club may request to check receipts and merchandise upon exiting, but not complying is not illegal, though it could lead to consequences such as membership revocation.
Source: YAHOO
Reported 5 months ago
Citigroup, HSBC, and Barclays are increasing demands for their employees to work in company offices five days a week due to regulatory changes that make it more difficult for Wall Street to allow remote work. Citigroup is requiring 600 US employees to work full-time in offices, while HSBC and Barclays are also implementing similar policies for their staff. The shift comes as regulatory bodies, such as the Financial Industry Regulatory Authority, are reinstating pre-pandemic rules that may limit remote work options for bank employees.
Source: YAHOO
Reported 5 months ago
The US Justice Department has filed an antitrust lawsuit against Live Nation, alleging a monopoly over live events and harming fans, artists, and venues. Northeastern University law professor David Herlihy discusses the lawsuit, stating that breaking up the company may not fully solve the issue due to the complex nature of the live music ecosystem. Live Nation's response includes pointing out competition in the market and proposing solutions like letting artists cap resale prices to address concerns about the secondary market. The article emphasizes the difficulty in regulating the industry effectively, highlighting the absence of a simple solution to the issues at hand.
Source: YAHOO