Reported 5 months ago
Russian metals company Nornickel plans to collaborate on building a platinum group metals (PGMs) refinery in Bahrain, according to a source familiar with the matter. Nornickel, the world's top producer of palladium and a significant producer of platinum, aims to construct this refinery, although details such as the timeframe and capacity were not disclosed. The initiative was discussed during talks between King Hamad bin Isa Al Khalifa of Bahrain and Russian President Vladimir Putin in the Kremlin, with Russian Deputy Prime Minister Alexander Novak mentioning Nornickel's plan to establish a platinum production plant in Bahrain. Nornickel has not been directly impacted by Western sanctions on Moscow following Russia's 2022 attack on Ukraine, but some Russian precious metals refineries, including those handling PGMs, have faced sanctions.
Source: YAHOO
Reported 5 months ago
The Securities and Exchange Commission (SEC) is nearing a decision on approving an ether ETF, with expectations driving crypto prices up. Matt Ballensweig of BitGo Go Network predicts SEC approval, citing recent legislative support for digital currencies. He anticipates a surge in demand for an ether ETF, paralleling the success of Bitcoin ETFs, which could lead to Ethereum reaching all-time highs, potentially hitting a $5000 price point within the next 12 months.
Source: YAHOO
Reported 5 months ago
The 2024 NBA Playoffs Conference Finals are underway, with the Minnesota Timberwolves facing the Dallas Mavericks in a series where the Mavericks currently lead 3-1. The next game, Game 5, will be on Thursday at 8:30 p.m. ET on TNT. The NBA Finals are set to begin on Thursday, June 6, and will be broadcast on ABC. Fans can watch the playoffs on various channels like ESPN, ABC, TNT, and NBA TV, or through streaming services like DirecTV, Fubo, YouTube TV, and NBA League Pass.
Source: YAHOO
Reported 5 months ago
Kansas City Chiefs quarterback Patrick Mahomes responded to body-shamers criticizing a video of him walking to an offseason workout, expressing surprise at the negative comments about his appearance and stating he didn't expect to still be receiving "dad-bod" remarks after dealing with similar comments during the NFL playoffs. Mahomes mentioned he doesn't have abs and plans to work on that, jokingly noting he may start wearing looser T-shirts and explaining that his backpack was holding his shirt in. He has previously addressed public scrutiny about his body, particularly after a video still circulated on social media showing him shirtless after a game. Mahomes credited his wife, Brittany Mahomes, for her support and the day-to-day tasks she manages in their household so he can focus on football.
Source: YAHOO
Reported 5 months ago
T. Rowe Price Global Head of Multi-Asset and CIO Sébastien Page shared his economic outlook in an interview with Market Domination Overtime, stating that markets may see a pullback with economic data decelerating, but expects healthy stocks and credit in the long term without a recession. Page advised investors to maintain a strategic asset allocation and risk tolerance, cautioning against loading up on risk or staying completely out of the market. He highlighted that the market is overly focused on the Federal Reserve's actions, reacting strongly to minimal changes in economic data. Page suggested a more neutral approach and diversifying investments across cash, credit, and large-cap value stocks due to upcoming AI productivity advancements.
Source: YAHOO
Reported 5 months ago
The U.S. men's hockey team was eliminated in the quarterfinals of the world championship by Czechia with a 1-0 defeat, marking their earliest exit in five years. Despite a roster featuring NHL All-Stars like Johnny Gaudreau and Seth Jones, the Americans fell short, with Czechia advancing to face Sweden in the semifinals. Notable achievements during the tournament included Gaudreau breaking a national team record for career points and assists, while Brock Nelson tied the career goal record at worlds.
Source: YAHOO
Reported 5 months ago
BARK Air, the world's first airline for dogs, has taken flight, offering a luxury air travel experience for dogs and their owners. The airline, launched by dog toy company BARK in partnership with a jet charter service, provides first-class treatment for dogs with amenities like food, water, spa treatments, and designated potty areas during flights. Tickets for BARK Air flights start at $6,000 for domestic flights and $8,000 for international flights, accommodating up to 15 dogs and their humans per flight.
Source: YAHOO
Reported 5 months ago
Chicago Sky rookie Angel Reese is proud to be part of a stellar WNBA rookie class that is uplifting the sport, emphasizing that it's not just one player like Indiana's Caitlin Clark making an impact but several others like herself, Kamilla Cardoso, Cameron Brink, and Rickea Jackson. Reese is also excelling on the court while engaging in off-court activities, such as attending the Met Gala and investing in a women's soccer team. The team's coach, Teresa Weatherspoon, praises Reese's multifaceted personality and leadership qualities. Reese's upcoming game in New York holds personal significance, as it is a homecoming for Weatherspoon, and Reese is looking forward to showcasing her skills in front of friends and family.
Source: YAHOO
Reported 5 months ago
Anchorage Mayor Dave Bronson, known for his proposal to give the homeless one-way plane tickets out of the city, conceded the election to his challenger Suzanne LaFrance after losing the runoff election in Alaska. LaFrance, a former chair of the Anchorage Assembly, claimed victory with 54% of the vote compared to Bronson's 46%. Bronson's tenure was marked by clashes with the assembly over various issues, including providing housing for the homeless and snow removal. LaFrance aims to "restore competency" to City Hall and will become the first female elected mayor of Anchorage.
Source: YAHOO
Reported 5 months ago
The Justice Department is suing Ticketmaster and Live Nation, potentially leading to a breakup of Live Nation Entertainment to increase competition in the U.S. ticket-selling market, currently dominated by Ticketmaster. This lawsuit aims to address practices that maintain Live Nation's stronghold, such as long-term contracts and blocking venues from using multiple ticket sellers. The case was influenced by issues like high ticket prices and limited access to popular events, with the trial expected to be lengthy and potentially leading to changes in the ticketing industry.
Source: YAHOO
Reported 5 months ago
Denver Broncos wide receiver Courtland Sutton is absent from voluntary workouts while seeking a new contract, but head coach Sean Payton is not worried about the situation, stating that it will sort itself out. Despite trade inquiries being rebuffed by the team, Sutton's absence is not a major concern for Payton as the Broncos head into mandatory minicamp.
Source: YAHOO
Reported 5 months ago
The New York Times reported that Nicole Shanahan, the vice presidential running mate of Robert F. Kennedy Jr, allegedly had a ketamine-fueled tryst with Elon Musk, resulting in a divorce settlement from Sergey Brin, the cofounder of Google. The incident involved Shanahan and Musk taking ketamine at a party and later engaging in sexual activity, leading to speculation about Musk's drug use and personal behavior. The story also highlighted Musk's history of rumored infidelity and conflicts with tech industry figures, shedding light on his controversial actions and relationships.
Source: YAHOO
Reported 5 months ago
Deckers Outdoors (DECK), the parent company of UGG, Hoka One One, and Teva brands, experienced a slight stock boost following their fiscal fourth-quarter earnings report that exceeded Wall Street expectations with net sales of $959.8 million. The company also provided a 2025 full-year sales forecast that aligns with analyst estimates, with UGG and Hoka One One sales seeing growth while Teva and other brands experienced declines. Overall, the stock has been performing well, up 35% for the year and around 100% over the past 12 months, with some analysts bullish on the company's potential, particularly in the sandal market.
Source: YAHOO
Reported 5 months ago
The article discusses the importance of semiconductor chip manufacturing, highlighting the risks associated with dependence on Taiwan chipmakers for leading US chipmakers. Christopher Miller, an assistant professor at Tufts University, emphasizes the need for investors to take this risk seriously. He also discusses China's efforts to achieve self-sufficiency in chip manufacturing by the end of the decade, particularly in high-end chips currently dominated by Taiwan. The US government's restrictions on chip exports to China are seen as a challenge for China's ambitions, while investments in the US chip industry are expected to increase resilience in chip supply chains, although complete self-sufficiency is not imminent.
Source: YAHOO
Reported 5 months ago
Ross Stores reported better-than-expected first quarter earnings, with earnings per share of $1.46 compared to an estimate of $1.35, and revenue of $4.86 billion in line with expectations. The discount retailer also raised its full-year earnings forecast to $5.79 to $5.98 per share from $5.64 to $5.89. CEO Barbara Rentler mentioned ongoing economic uncertainty affecting customers' purchasing power. Stocks rose following the positive results.
Source: YAHOO
Reported 5 months ago
Ross Stores reported first-quarter results that exceeded Wall Street estimates and raised its annual profit forecast, with shares rising nearly 7% in extended trading. The California-based retailer saw increased operating margins and strong sales due to demand for discounted products amid inflation pressures. Ross Stores emphasized managing inventory and expenses tightly to drive sales and earnings growth for the remainder of the year, acknowledging challenges in discretionary spending. The company's performance mirrors that of off-price retailer TJX Cos, which also posted positive results and raised its profit forecast.
Source: YAHOO
Reported 5 months ago
Advent International is close to finalizing a deal to acquire a stake in Prometheus Group, an industrial software company, potentially valuing the firm at over $4 billion, including debt. The deal, expected to be announced soon, is being facilitated by private credit lender Oak Hill Advisors. Prometheus, known for its plant maintenance and optimization software, was previously acquired by Genstar Capital for over $1 billion in 2019, and now the company is exploring a sale at a valuation of up to $6 billion. The industrial software sector has been witnessing high valuations as companies seek to modernize operations for the digital era.
Source: YAHOO
Reported 5 months ago
Stocks experienced a slide on Thursday, with the Dow Jones Industrial Average suffering its worst day in a year, dropping over 1.5% or 600 points. This decline was attributed to interest rate concerns following Nvidia's strong earnings not being enough to boost the broader market. The S&P 500 fell nearly 0.8%, the Nasdaq Composite dropped about 0.4%, and a 7% decline in Boeing shares further weighed on the Dow. Additionally, economic data pointing towards accelerated business activity fueled worries about interest rate hikes, leading to a dampening of investor sentiment.
Source: YAHOO
Reported 5 months ago
Despite high expectations for Nvidia's earnings to boost the market, stocks are sliding as the trading day closes, with Carson Group Chief Market Strategist Ryan Detrick attributing this to a potential pullback after Nvidia's strong performance. Detrick suggests a neutral stance on the tech sector due to high valuations, advising investors to focus on financials, industrials, small-caps, and mid-caps as the economy strengthens, anticipating a rotation into these cheaper areas. While optimistic, he emphasizes that caution is necessary when investing in cheaper assets.
Source: YAHOO
Reported 5 months ago
In the latest episode of No Cap Room, Dan Devine and Jake Fischer discuss the Dallas Mavericks' win in Game 1 of the Western Conference Finals against the Minnesota Timberwolves, highlighting the synergy between Kyrie Irving and Luka Doncic. They also cover the Cleveland Cavaliers firing head coach J.B. Bickerstaff and Fischer's list of potential replacements, as well as the Philadelphia 76ers' plan to pursue a third star to complement Joel Embiid and Tyrese Maxey in the offseason.
Source: YAHOO
Reported 5 months ago
The article from Motley Fool discusses whether it is too late to buy Taiwan Semiconductor Manufacturing stock, with the author, Parkev Tatevosian, CFA, providing insights on the matter. It mentions that while the stock is at record highs, the Motley Fool Stock Advisor team did not include Taiwan Semiconductor Manufacturing among their top 10 stock picks, suggesting that there may be other opportunities for higher returns. The article also highlights the success of previous stock picks recommended by the Stock Advisor service, such as Nvidia in 2005, emphasizing the potential for significant returns.
Source: YAHOO
Reported 5 months ago
Boston Celtics' star Kristaps Porzingis is nearing a return from a calf injury, and teammate Jaylen Brown is supporting him both mentally and strategically. Brown has been in constant communication with Porzingis to keep his spirits up and help him seamlessly reintegrate into the team after missing nearly a month of game action. Porzingis has been participating in light on-court work and discussions with Brown to prepare for his return, which could provide a significant boost for the Celtics in the Eastern Conference Finals.
Source: YAHOO
Reported 5 months ago
Sean Kingston's mother, Janice Turner, was arrested on fraud and theft charges during a raid at a South Florida mansion rented by the singer on May 23. The raid was triggered by an investigation into Kingston's unpaid purchases, resulting in Turner's arrest. The lawsuit against Kingston alleges he made false representations to Ver Ver Entertainment, claiming a working relationship with Justin Bieber to avoid paying for purchased items. Previous judgments against Kingston for unpaid luxury items were also mentioned in the complaint. Kingston's representatives did not immediately respond to requests for comment.
Source: YAHOO
Reported 5 months ago
Telsey Advisory Group downgraded VF Corporation (VFC) from Outperform to Market Perform due to a significant miss in the company's first-quarter results, with revenue, gross margins, and operating expenses falling short of expectations. Analyst Dana Telsey highlighted challenges with Vans and The North Face brands, noting that the company's transformation plan has not yet shown positive results. The strategic portfolio review conducted by VF Corporation did not reveal its findings, leaving uncertainty about future actions.
Source: YAHOO
Reported 5 months ago
Workday reported better-than-expected first-quarter earnings per share of $1.74 and revenue in line with estimates at $1.99 billion but cut its full-year subscription guidance due to lower customer headcount growth. The company's CFO mentioned the updated guidance reflects elevated sales scrutiny. This news caused Workday's stock to tumble by 8%. Analysts are interested in the company's financial and HR products, international trends, and the impact of investments in AI on sales, marketing, and R&D.
Source: YAHOO