Reported 5 months ago
Nvidia's stock price has surged over 115% year-to-date, reaching quadruple digits, and announced a 10-for-1 stock split alongside positive first-quarter earnings. Freedom Capital Markets Chief Global Strategist Jay Woods highlights Nvidia's impressive performance, with revenues matching a previous weak year in just one quarter, showing 600% year-over-year net income growth. Woods emphasizes Nvidia's importance in the tech industry, serving major companies like Amazon, Alphabet, and Microsoft, positioning it as a central player in the tech story. Woods suggests that Nvidia's trajectory is still early, possibly in the third inning, making it a crucial stock to hold. The stock split could also potentially lead to Nvidia being added to indexes like the Dow Jones Industrial Average.
Source: YAHOO
Reported 5 months ago
Hg has reached an agreement to acquire AuditBoard for over $3 billion, including debt, making it one of the first US West Coast deals for the London-based software specialist. AuditBoard, a California-based risk management software provider, surpassed $200 million in annual recurring revenue last year and serves over 2,000 enterprises, including nearly half of the Fortune 500 companies.
Source: YAHOO
Reported 5 months ago
Memorial Day, originally a day of mourning for fallen service members, has evolved to mark the unofficial start of summer and retail discounts. The holiday, rooted in the American Civil War and first observed in 1868, has faced controversies over its commercialization and drift from its original purpose. Despite its transformation into a day of leisure, Memorial Day remains a time for reflection and remembrance, with traditions like the National Moment of Remembrance at 3 p.m. prompting Americans to pause for a moment of silence in honor of the military personnel who sacrificed their lives.
Source: YAHOO
Reported 5 months ago
In a video on Yahoo Finance, Elizabeth Pearson, author of "Career Confinement," shares five tips for college graduates entering the workforce. Pearson advises graduates to "follow their jealousy" by exploring paths that interest them, to "go the extra mile" by proactively reaching out to make connections beyond submitting applications, to tailor resumes for each company, and to research companies that align with personal values. Additionally, she recommends leveraging networks and customizing resumes for specific job roles.
Source: YAHOO
Reported 5 months ago
Seinfeld actor Michael Richards revealed in his upcoming memoir that he was diagnosed with stage 1 prostate cancer in 2018, sharing that if he hadn't undergone surgery to remove his prostate, he likely would have died within eight months. Richards, who felt ready to die at the time of diagnosis but later reconsidered for the sake of his young son, decided to open up about his cancer battle and reflect on his life by releasing his memoir at the age of 75. He also addressed the 2006 incident in which he made racist remarks on stage, expressing immediate regret and stating that he stepped away from show business to work on himself internally.
Source: YAHOO
Reported 5 months ago
Non-Americans are sharing common things in the US that are considered bizarre in their own countries, such as the popularity of pickup trucks, tipping culture, free refills, driving and turning right on red lights, displaying prices without taxes, long commutes to work, jaywalking, car culture intensity, the American college experience, high circumcision rates, and the lack of annual paid time off, among others. These cultural differences highlight the unique customs and norms that can surprise visitors from other countries.
Source: YAHOO
Reported 5 months ago
Long-term mortgage rates have decreased for the third consecutive week, dropping just below 7%. The average rate on a 30-year mortgage fell to 6.94% from 7.02% the previous week, making it the first time it has been below 7% since mid-April. Additionally, borrowing costs for 15-year fixed-rate mortgages also declined. The recent rate reductions follow a period of increases, with experts attributing the fluctuations to factors like the Federal Reserve's interest rate policy and movements in the 10-year Treasury yield. Despite the recent easing, economists predict that mortgage rates are unlikely to decrease significantly until the Fed is confident that price increases are slowing sustainably.
Source: YAHOO
Reported 5 months ago
Morgan Stanley's executive chairman James Gorman will be stepping down from his role at the end of the year, citing a successful transition to new CEO Ted Pick as the reason. Gorman had previously hinted at this move in May 2023, after joining the firm in 2006 and guiding it through challenging times after the global financial crisis. Under his leadership, Morgan Stanley transformed into a prominent wealth management firm, with a strong performance in its investment banking and wealth management businesses. Gorman's departure is seen as part of a well-executed succession plan, with Ted Pick poised to take over as the new CEO.
Source: YAHOO
Reported 5 months ago
The U.S. Department of Justice, along with 29 states and the District of Columbia, filed an antitrust suit against Live Nation, aiming to force the concert giant to divest its interest in Ticketmaster due to alleged abuse of power by forcing venues into exclusive ticketing contracts and pressuring artists to use its services. The suit claims the added fees on ticket prices create a 'Ticketmaster Tax' that ultimately raises prices for fans. Live Nation argues that the lawsuit won't reduce ticket prices and fees, attributing high prices to various factors beyond their control, and stating that their market share for ticketing has decreased in recent years.
Source: YAHOO
Reported 5 months ago
Nigella Lawson expressed in an interview with The Times that she is not a fan of the idea of taking Ozempic, an FDA-approved medication for weight loss and type 2 diabetes, as she enjoys thinking about food all the time and believes in adding to her diet rather than restricting. Lawson emphasized the importance of finding pleasure in food and being present while eating, stating she would never encourage the idea that food is the enemy or deny oneself. Other celebrities have also shared similar sentiments about weight loss injections when not medically necessary.
Source: YAHOO
Reported 5 months ago
Eagle Bancorp in Bethesda, Maryland, recently filed a shelf registration statement to raise up to $150 million, providing flexibility to increase debt or issue stock over three years. The move follows a first-quarter loss and a significant credit provision related to a Washington office property. Despite challenges in its commercial real estate portfolio, Eagle's CFO emphasized the company's strong core earnings and manageable credit quality issues. The registration offers options to raise funds if needed to address further credit challenges, with the bank confident in its diverse loan book resilience.
Source: YAHOO
Reported 5 months ago
French director Emma Benestan's sophomore film "Animale," which premiered at Cannes Critics' Week, focuses on 22-year-old female bull-runner Nejma navigating the traditionally masculine environment of a ranch in Camargue, France. The film explores themes of power, vulnerability, and gender dynamics within the context of bullfighting, emphasizing the societal pressures and challenges faced by Nejma. Through visually striking cinematography and a character-driven narrative, "Animale" delves into the complexities of female empowerment and the parallels between Nejma's struggles and those of the bulls in the ring.
Source: YAHOO
Reported 5 months ago
In this Yahoo Finance video, Jared Blikre, alongside Jay Hatfield and Brooke DiPalma, discusses the importance of central banks in maintaining financial stability and the impact of liquidity on the financial system. They highlight how central banks, like the ECB, play a crucial role in shaping global markets, interest rates, and policy decisions. The discussion delves into the significance of monitoring monetary policy, the effects of liquidity on asset conversion, and the challenges of measuring inflation accurately using indicators like CPI and PCE. The conversation also touches on the role of ETFs in enhancing market liquidity and the need for central banks to consider broader factors beyond traditional inflation metrics like shelter costs.
Source: YAHOO
Reported 5 months ago
Yahoo Finance Columnist Kerry Hannon provides tips on creating a standout resume and cover letter to help individuals navigate the job search process. Hannon emphasizes the importance of highlighting accomplishments, quantifying results, customizing documents for each job, and including skills and soft skills at the top of the resume. She also recommends including a cover letter to pique employers' curiosity, showing off writing skills, and explaining reasons for a career switch if applicable. Keeping the cover letter brief, clean, and focused on the company can help applicants stand out to potential employers.
Source: YAHOO
Reported 5 months ago
The article discusses seven defensive play-callers in new positions worth watching in the NFL, including Mike Zimmer with the Cowboys and Vic Fangio with the Eagles. It highlights how these coaches are expected to bring changes to their respective defenses, focusing on areas such as pass rush, run defense, coverage schemes, and personnel utilization. For example, the article mentions how Zimmer aims to improve the Cowboys' run defense, while Fangio looks to solidify the spine of the Eagles' defense.
Source: YAHOO
Reported 5 months ago
Nvidia recently announced a 10-for-1 stock split to be implemented for current shareholders on June 7, alongside a strong earnings report. A stock split involves dividing each share of a company's stock into a set amount of shares, effectively reducing the share price while increasing the number of outstanding shares. This move aims to make stock ownership more accessible to employees and investors by lowering the share price and increasing liquidity.
Source: YAHOO
Reported 5 months ago
A group of McDonald’s franchisees known as the National Owners Association (NOA) has shown support for the company’s upcoming $5 value meal promotion while advocating for more assistance from the corporation to ensure the long-term viability of the discounted offering. They emphasized the need for affordability for both consumers and owner/operators, citing McDonald's resources and financial investment as crucial for sustaining an affordable strategy. The $5 value meal is set to include a McChicken or McDouble, four-piece chicken nuggets, fries, and a drink starting from June 25 for about a month, aiming to provide greater value to customers amid inflation concerns.
Source: YAHOO
Reported 5 months ago
Nvidia, a leading company in terms of market capitalization, recently reported strong first-quarter earnings, maintaining its valuable status. However, the technical jargon used by Nvidia may be challenging for some investors to understand. Yahoo Finance's Julie Hyman breaks down the complex terms related to Nvidia's products and services, such as graphics processing units, Blackwell chip, training versus inference in AI models, and the energy-efficient cooling systems used in data centers. These explanations aim to help investors grasp the intricate concepts behind Nvidia's technology.
Source: YAHOO
Reported 5 months ago
Medtronic (NYSE: MDT) stock dropped 2.8% despite beating earnings expectations in its fiscal Q4 2024 report. While the company surpassed profit forecasts, the stock fell as sales only grew 0.5% year over year and non-GAAP earnings were down 44% compared to last year. Medtronic's full-year results were more positive, with sales increasing by 4% to $32.4 billion. However, with the company forecasting modest growth for fiscal 2025 in line with expectations, investors may be concerned about the stock's high valuation of 27 times earnings. Consequently, the article suggests that Medtronic stock may currently be overpriced, leading to the slump.
Source: YAHOO
Reported 5 months ago
Source: BARRONS
Reported 5 months ago
Caroline Stanbury, 48, defended her decision to publicly document her November 2023 face lift and recovery on social media, as she believes that being a reality star means sharing everything with fans. Stanbury shared video and photo updates of her recovery, including close-ups of her facial scars healing, to show the reality of the process. She wanted to look like herself but refreshed, and her husband supported her throughout the journey. Stanbury's openness about her face lift journey was influenced by the fact that she is on a reality TV show, and she wanted to avoid any drastic appearance changes between seasons. The Real Housewives of Dubai is set to return in June.
Source: YAHOO
Reported 5 months ago
VF Corporation (VFC) stock fell after reporting a loss in its first-quarter earnings, attributed to their transformation strategy named "Reinvent." The parent company of Vans and The North Face experienced a decline in shares, down 11%, marking its lowest level since 2009. Analysts expressed disappointment in the results, emphasizing the challenges VF Corp faces, particularly in the context of struggling Vans sales. The company's efforts to improve its financial position include cost-cutting measures and layoffs, but analysts believe the turnaround will require time given the current market conditions.
Source: YAHOO
Reported 5 months ago
Boeing's finance chief stated that the company will experience negative free cash flow in 2024 and anticipates no increase in deliveries in the second quarter, attributing this to production difficulties with its aircraft. The announcement caused Boeing's shares to drop by 7.6%. Delays in deliveries, particularly to China, have contributed to the negative cash flow outlook, with production challenges further impacting the company's financial performance. Boeing is facing scrutiny from regulators and the aviation industry following safety incidents, production delays, and potential legal challenges, with cash burn for the second quarter expected to be on par with or slightly worse than the $3.9 billion used in the first quarter.
Source: YAHOO
Reported 5 months ago
TikTok has implemented new rules to restrict the reach of state-affiliated media accounts aiming to influence global audiences, particularly during important election periods. The platform will now prevent these accounts from appearing on users' main feeds and limit their ability to advertise outside their home countries. This decision follows concerns over foreign propaganda spreading on various social media platforms like TikTok, Facebook, Instagram, and X, with TikTok specifically under scrutiny for its ties to China's government. TikTok plans to provide regular updates on its efforts to combat covert influence operations on its platform, having already disrupted 15 such operations in the first four months of the year.
Source: YAHOO
Reported 5 months ago
Boeing's shares declined after the Chief Financial Officer walked back the company's 2024 cash-flow target, stating that they now expect negative full-year cash flow instead of positive as previously projected. This change was due to Boeing halting airplane deliveries to China following requests for additional information from the Chinese aviation regulator related to cockpit voice recorder batteries. The company's stock dropped 7.6% in response to this news, with Boeing facing challenges in recovering from past accidents and addressing production lapses.
Source: YAHOO