Reported 5 months ago
Tesla CEO Elon Musk is once again advocating for a $56 billion pay package that was previously rejected by the Delaware Chancery Court. This move by Musk has sparked a trend among CEOs, with the number of S&P 500 CEOs receiving compensation above $50 million increasing to 36 from 2019 to 2023. Yahoo Finance Legal Reporter Alexis Keenan analyzes the rise in executive compensation packages, highlighting the impact of Musk's actions and the overall trend in CEO pay increases.
Source: YAHOO
Reported 5 months ago
The article discusses the recent rally in the commodity sector, with assets like Gold reaching all-time highs, and its implications for inflation. HSBC Chief Multi-Asset Strategist Max Kettner explains that the commodity rally has not reignited significant inflationary concerns. He attributes the rally to central bank buying and less diversification in assets like bonds due to the Fed's rate hike cycle. Kettner also mentions that while a rise in oil and natural gas prices simultaneously could pose a problem for markets, current energy prices in the US remain relatively low, indicating that hitting the 2% inflation target is not imminent.
Source: YAHOO
Reported 5 months ago
United Airlines is shifting its focus from launching new routes in Europe to expanding its services to Asia and Africa. The airline announced new flights to Tokyo, Cebu, Shanghai, Seoul, and Hong Kong, while expressing interest in expanding to Cape Town due to stable demand throughout the year. Competitors like Delta Air Lines and Norse Atlantic are also targeting Africa with new or returning flights, signaling a growing trend of airlines recognizing the demand for travel to the continent.
Source: YAHOO
Reported 5 months ago
Treasury yields are rising after strong economic data, with Franklin Templeton's Fixed Income Chief Investment Officer predicting the 10-year Treasury yield to stay around 4.5% due to a short, shallow cutting cycle by the Federal Reserve. The market is reacting to a potential hawkish move from the Fed based on the latest economic indicators, with the expectation of higher long-term yields in the future and the importance of fiscal spending in supporting the economy. Retail investor activity in the bond space is seen as a positive sign for the balanced role of fixed income in portfolios.
Source: YAHOO
Reported 5 months ago
Norfolk Southern has agreed to pay a $15 million fine as part of a federal settlement over a disastrous derailment in East Palestine, Ohio, last year. The railroad will also pay over $500 million to improve safety post-crash and address community health concerns, in addition to $235 million in cleanup costs and a $25 million health care fund. While some residents feel the settlement is inadequate given the company's profits, the EPA Administrator considers it historic and a step towards industry improvements. The settlement doesn't include criminal charges, and concerns remain about long-term health effects and rail safety reforms.
Source: YAHOO
Reported 5 months ago
Melinda French Gates, co-founder of the Bill & Melinda Gates Foundation, is stepping down from the foundation to focus on ending gender inequality in the U.S. through her work at Pivotal Ventures LLC, pledging $1 billion to support initiatives empowering women and people of color in politics, technology, finance, and storytelling. French Gates aims to shrink gender gaps by 2030, investing in over 150 organizations to achieve this goal. She emphasizes the importance of diversity in leadership and is committed to creating opportunities for underrepresented groups.
Source: YAHOO
Reported 5 months ago
The article discusses how bird flu is more widespread among dairy cows than reported, as suggested by sewage tests, with a Michigan farmworker being the second person infected since the outbreak in US cattle in March. Wastewater surveillance by academic and industry labs is providing better information to the CDC about the virus's range, urging the need for expanded monitoring, particularly in rural areas near farms. The article highlights the importance of wastewater analysis as an early warning signal for bird flu, with concerns about potential mutations and the risk of spillover to humans.
Source: YAHOO
Reported 5 months ago
The article discusses the Department of Justice's expanded antitrust enforcement targeting Live Nation, as it files a lawsuit seeking the breakup of the entertainment giant. The lawsuit alleges that Live Nation used its Ticketmaster ticketing monopoly to stifle competition, resulting in higher prices and fees. This legal action is part of the Biden administration's broader efforts to address anticompetitive behavior across various industries, following scrutiny of tech giants and other mergers. Analysts believe a DOJ lawsuit against Live Nation could be politically driven and may pose challenges for the company moving forward.
Source: YAHOO
Reported 5 months ago
Sports Illustrated Swimsuit model Brooks Nader debuted a new blonde look at the magazine's 60th anniversary party amid her divorce from husband Billy Haire. The 27-year-old Louisiana native shared the transformation on Instagram Stories, with sources reporting that the split was amicable. Nader, who previously had raven hair, remains positive and resilient as she navigates this new chapter in her life, having achieved success in the modeling world and landing on the cover of the magazine's "Legends" issue.
Source: YAHOO
Reported 5 months ago
Dell Technologies stock has experienced a boost after being added to Evercore ISI's "Tactical Outperform" List, with shares rising over 100% year-to-date in 2024. This increase follows Dell's incorporation of AI offerings into its business strategy, leading to gains of about 6% and generating excitement among analysts for the potential impact of AI products on the company's future growth and revenue.
Source: YAHOO
Reported 5 months ago
Nvidia's stock price has surged by 92% this year, increasing the company's market value by over $1 trillion, with a total market value of nearly $2.6 trillion. The chipmaker's revenue has more than tripled in the latest quarter as demand for its semiconductors used in AI applications continues to rise. Nvidia's market value saw a significant increase of $221 billion in one day following better-than-expected quarterly results. The company plans a 10-for-1 stock split to make its shares more accessible, with Wall Street expecting revenue to reach $117 billion in fiscal 2025.
Source: YAHOO
Reported 5 months ago
The trailer for the documentary "I Am: Celine Dion" chronicles Celine Dion's journey back from a life-altering health crisis caused by Stiff Person Syndrome, a rare neurological disorder that affected her ability to perform and forced her to cancel her 2023 tour. The documentary showcases Dion's resilience and determination as she navigates her health struggles while reflecting on her illustrious career in music. Scheduled to debut on Prime Video on June 25, the film provides an intimate look at Dion's personal and professional life, highlighting her unwavering dedication to her craft despite the challenges she faces.
Source: YAHOO
Reported 5 months ago
Cassie has spoken out following the release of a video showing Sean "Diddy" Combs assaulting her in 2016, expressing gratitude for the support she has received. In her statement, she emphasized the impact of domestic violence on her life and highlighted the importance of believing victims. Despite the statute of limitations preventing prosecution, Cassie filed a civil lawsuit against Combs for rape and abuse, which was settled. Combs has since faced additional lawsuits for sexual assault allegations. Cassie ended her statement by thanking supporters and encouraging belief in victims of domestic violence.
Source: YAHOO
Reported 5 months ago
Andy Benesh and Miles Partain, who began their beach volleyball journey in 2019 with humble backgrounds, clinched the first U.S. men's volleyball spot at the Paris Olympics, ranking fourth globally. Benesh, 29, and Partain, 22, will be the youngest U.S. men's beach team in Olympic history, with Partain becoming the youngest U.S. beach player at the Olympics. Their rapid rise in the sport culminated in defeating top international teams and implementing innovative strategies, showcasing their potential for success at the upcoming Olympics.
Source: YAHOO
Reported 5 months ago
The US S&P Global Composite Purchasing Managers Index for May reached its highest level in two years at 54.4, driven by continued manufacturing growth while the labor market is experiencing some hiring pullbacks. S&P Global Market Intelligence Chief Business Economist Chris Williamson notes that service sector hiring is slowing while manufacturing is picking up, resulting in an overall picture of a job market that is slowing but not collapsing. This balance may impact pay pressures, inflation, and consumer spending, highlighting the need for a delicate economic balance.
Source: YAHOO
Reported 5 months ago
Garcelle Beauvais is proud of her son Jaid's modeling career but doesn't want to be his "momager," aiming to maintain boundaries. She shared her son's progress in the industry with People, expressing her desire for him to figure things out on his own. While proud of her son's achievements, Beauvais emphasized the importance of her own busy schedule and the need for Jaid to get his license for independence. The Real Housewives of Beverly Hills star recently had a heartfelt moment with her twin sons, reflecting on parenting challenges and growth.
Source: YAHOO
Reported 5 months ago
Ben Katzman, a breakout star of Survivor Season 46, gained fame for his rock & roll approach to life. Despite doubts and setbacks in the music industry, Katzman took Nicolas Cage's advice to face his fears, leading him to participate in the reality show. His unique style and personality resonated with fans, propelling him to the final three and earning him a new wave of supporters. Katzman's Survivor experience inspired him to create new music that reflects his inner struggles and emotional journey, connecting him with a community of fellow musicians and fans.
Source: YAHOO
Reported 5 months ago
Julia Louis-Dreyfus discussed her 1987 wedding dress, which was inspired by Princess Diana's iconic gown, on her podcast. Louis-Dreyfus incorporated design elements like poofy sleeves and lace layers into her dress, inspired by the 1981 royal wedding. She also shared that she had a tiny dolphin charm sewn into her gown as a symbol of joy but intentionally doesn't know its exact location, adding to the dress's mystery. The actress highlighted the importance of clothing in conveying the significance of special events and rituals.
Source: YAHOO
Reported 5 months ago
The article discusses four real estate investment trusts (REITs) that have recently received new price targets from a Scotiabank analyst. The REITs mentioned are WP Carey, Ventas, VICI Properties, and Simon Property Group. WP Carey's price target was raised by 9%, Ventas' target was raised from $47 to $51, VICI Properties' target was raised from $32 to $34, and Simon Property Group's target was increased from $142 to $152. Additionally, the article mentions two high-yield alternatives for investors looking to diversify their portfolios: the Ascent Income Fund and Basecamp Alpine Notes from EquityMultiple.
Source: YAHOO
Reported 5 months ago
Canadian procedural "Wild Cards" has been renewed for a second season by The CW and CBC, with the news announced during CBC's Upfronts. The show, starring Giacomo Gianniotti, Vanessa Morgan, and Jason Priestley, follows a detective and a con woman working together to solve crimes. The second season, consisting of 13 episodes, is set to premiere in winter 2025 on both networks.
Source: YAHOO
Reported 5 months ago
The US economy is performing better than expected, with the S&P Global's flash US composite PMI reaching a 2-year high of 54.4 in May, up from 51.3 in April. Both the services and manufacturing sectors are showing expansion, with services driving most of the gains for the composite index. Despite recent concerns of a slowdown, the US economic output is on track for solid GDP growth in the second quarter, according to S&P Global Market Intelligence chief business economist Chris Williamson. Input prices have also continued to rise, prompting worries about inflation and potential interest rate adjustments by the Federal Reserve.
Source: YAHOO
Reported 5 months ago
The city of Oakland has agreed to sell its stake in the A's stadium as the Major League Baseball team prepares to leave for Las Vegas after playing their final season in Oakland. The sale of the 155-acre complex, where the team has played since 1968, is set at a minimum of $105 million to the African American Sports & Entertainment Group. The city plans to use the proceeds to offset a budget deficit and prevent layoffs, while the A's will temporarily play in West Sacramento until their new ballpark in Las Vegas is ready in 2028.
Source: YAHOO
Reported 5 months ago
The article discusses Realty Income Corp's recent increase in dividends and analyzes whether it is a good time to buy shares of the company. Despite a decline in total return since 2022, Realty Income has consistently raised dividends and reported positive first-quarter results in 2024. Wall Street analysts have maintained favorable outlooks on the stock, and the company remains a prominent REIT with a strong track record. While Realty Income offers reliable monthly dividends, alternative options like Arrived, which allows fractional ownership of single-family rental properties for more stable returns and diversification, are also highlighted as compelling for passive real estate investing.
Source: YAHOO
Reported 5 months ago
Top U.S. and international track and field athletes will compete at the prestigious Prefontaine Classic in Eugene, Oregon, ahead of the Olympic Trials. The event, which will be broadcast live on NBC, NBCSports.com, the NBC Sports app, and Peacock, holds added significance this year as it serves as a lead-up to the Olympic Games in Paris. Athletes to watch include Sha'Carri Richardson, Grant Holloway, Ryan Crouser, Elaine Thompson-Herah, Jakob Ingebrigtsen, and Jasmine Camacho-Quinn, among others, in events like the Women's Hammer Throw, Men's 110m Hurdles, Men's Shot Put, Women's 100m, and Men's Bowerman Mile.
Source: YAHOO
Reported 5 months ago
Scarlett Johansson's parents, Karsten Johansson and Melanie Sloan, played a significant role in shaping her career. Karsten, a Danish architect, and Melanie, a homemaker, encouraged Scarlett to pursue acting from a young age despite financial challenges. Melanie fostered Scarlett's love of performing and supported her Hollywood dreams, even enrolling her in acting classes and managing her career for nearly two decades. The family's upbringing in New York City and their diverse cultural backgrounds influenced Scarlett's upbringing and passion for the arts. Despite their divorce when Scarlett was a teenager, both parents played a crucial role in protecting her as a child actor and ensuring she had a balanced upbringing.
Source: YAHOO