Reported 6 months ago
Shares of Zim Integrated Shipping Services (NYSE: ZIM) have surged in 2024 due to geopolitical tensions elevating shipping rates, but Citigroup recently downgraded the stock by 15%, foreseeing a decline. The company faced challenges in 2023 but rebounded due to increased demand in 2024, leading to a more than 100% rise. However, Citi's analyst, Sathish Sivakumar, believes the rate increase may not be sustainable, suggesting a potential 30% downside. With unpredictable factors like Middle East tensions and U.S. economic stability, investors are urged to weigh the advice and consider selling Zim shares, as the shipping industry's cyclicality may lead to a downturn.
Source: YAHOO
Reported 6 months ago
Following the European Central Bank's rate cut, Principal Asset Management's chief global strategist Seema Shah suggests focusing on cyclical stocks in Europe due to the region's economic upturn and attractive valuations. Shah predicts that European equities will outperform, especially with potential future rate cuts. This shift in market dynamics indicates a promising opportunity for investors to consider diverging from the traditionally strong US markets and exploring international markets like Europe and Asia.
Source: YAHOO
Reported 6 months ago
Travis Kelce, the Kansas City Chiefs tight end, discusses how he stays down-to-earth despite heightened public interest in his relationship with Taylor Swift, emphasizing the importance of family and friends. Kelce also talks about new opportunities in the entertainment industry, including his acting debut and hosting a show, expressing gratitude and a willingness to learn in his new endeavors.
Source: YAHOO
Reported 6 months ago
During Hunter Biden's federal trial, Hallie Biden, the widow of Beau Biden, testified about her relationship with Hunter that involved extensive drug use, including using crack cocaine together. Hallie admitted that she felt ashamed and embarrassed about that period of her life, where she accompanied Hunter to buy drugs and eventually started using crack with him. The trial also revealed details about Hunter's alleged lies on a federal form to purchase a gun while struggling with drug addiction.
Source: YAHOO
Reported 6 months ago
Banks are investing more in collateralized mortgage obligations (CMOs) to mitigate the risk of losing deposits in the face of rising interest rates, with $25 billion in new CMO sales in April the highest in three years. This move is driven by banks' struggle to retain deposits due to competition from higher-yielding instruments. Through CMOs, banks can reduce risk by investing in shorter-term securities with floating rates, matching their liabilities and assets while also benefiting from attractive yields, amidst the need to prevent deposit flight.
Source: YAHOO
Reported 6 months ago
The British drama series 'Lost Boys & Fairies' has won the Seriencamp Official Competition Award in Cologne. The show, following the story of a gay couple's journey to adoption, was praised for its tender portrayal filled with humor, music, and love. The award was collected by Welsh playwright Daf James, marking his debut TV project. Other awards at the event included the Digital Short Form Award going to Arte's Samuel, and the Collaborative Future Award won by Raju.
Source: YAHOO
Reported 6 months ago
The Federal Reserve's next meeting is on June 11-12, 2024, where they will evaluate the economy and decide on the federal funds rate. Following past rate hikes to combat inflation, the Fed may now decide whether to maintain or lower the rate. These decisions impact consumer rates and provide insights into the overall economic health, influencing financial decisions. The FOMC convenes eight meetings annually, releasing economic indicators and policies that affect savings accounts, mortgages, and consumer finances.
Source: YAHOO
Reported 6 months ago
Hydration is essential year-round for proper cell functioning, energy, weight loss, joint health, headache prevention, and UTI risk reduction. A doctor and nutritionist suggest women should aim for roughly 2.7 liters of fluids a day, with 20% coming from water-rich foods. Physical activity increases the need for hydration, for which plain water is the best choice, although sparkling water, herbal tea, raw fruits, vegetables, coconut water, and electrolyte drinks are also good options. Caffeinated drinks, alcohol, and artificial additives should be limited in fluid intake. Staying hydrated is vital for overall health and wellbeing.
Source: YAHOO
Reported 6 months ago
The showrunner of 'House of the Dragon' describes the second season as a 'cold war in process' due to the dragons, focusing on the Dance of Dragons civil war. The cast members elaborate on their characters' developments and challenges, the return of dragonriding, key locations in Westeros, and the immersive experiences and discomfort they faced while filming. The highly-anticipated Season 2 debuts on June 16 on HBO.
Source: YAHOO
Reported 6 months ago
Amazon is being sued by British retailers for 1 billion-pound collective lawsuit alleging misuse of data to boost market share. The British Independent Retailers Association filed on behalf of 35,000 retailers, accusing Amazon of utilizing non-public data to offer cheaper rival products directly to consumers, affecting small retailers. The lawsuit also mentions Amazon manipulating the 'Buy Box' feature. Last year, the CMA accepted commitments from Amazon regarding fair competition.
Source: YAHOO
Reported 6 months ago
Variety's June 2024 celebrity photos capture a range of star-studded events, from LGBTQ Pride celebrations in Los Angeles and NYC to Michael Kors' store launch in L.A. attended by Kerry Washington and Gabrielle Union. Other highlights include the premieres of HBO's 'The House of the Dragon' Season 2 and the Tribeca Festival, with appearances by Jenna Dewan, Olivia Wilde, and more, offering a glimpse into the glamorous world of Hollywood.
Source: YAHOO
Reported 6 months ago
Cathie Wood, CEO of Ark Invest, recently purchased shares of Reddit, Intellia Therapeutics, and PagerDuty. Wood made these moves despite a challenging year for her performance, with many top holdings trading lower. Reddit has shown growth potential with increased revenue, while Intellia is progressing with promising therapies in clinical trials. PagerDuty saw its stock rise following a strong financial report. Wood continues to actively manage her exchange-traded funds portfolio.
Source: YAHOO
Reported 6 months ago
Nvidia（NVDA）股價自周三達到歷史高點後有所下滑，市值一度超過3兆美元。但投資者將在周五市場收盤後迎來一項10比1的股票拆分。選項研究和技術服務主管Matt Amberson指出，由於股價高，Nvidia的期權價格「格外高」，因此拆分將使期權「更容易」交易。Amberson表示，期權交易者可以從「持多倉，而非持空倉」中獲利。你可以通過在Nvidia進行遠期差價交易，以更易管理的方式交易期權，這對零售交易者來說是一種方法。
Source: YAHOO
Reported 6 months ago
A new biography on former Republican Senate leader Mitch McConnell, titled 'The Price of Power: How Mitch McConnell Mastered the Senate, Changed America, and Lost his Party,' by journalist Michael Tackett, is set to be released later this year. The book will offer insights into McConnell's journey from Kentucky to the U.S. Senate, including never-before-told revelations and delve into his personal life and political career, covering his early battles with polio, teenage interest in politics, and evolution to a right-leaning legislator over 40 years in Congress, as well as his challenges during the rise of a transformed Republican party under Donald Trump's presidency.
Source: YAHOO
Reported 6 months ago
The possibility of UConn's head coach Dan Hurley leaving for the Los Angeles Lakers has sparked uncertainty around the defending champs and their three-member 2024 high school recruiting class, with potential implications for signees like Abraham, McNeeley, and Nowell. The article explores each player's likelihood of transferring and potential destinations in the event of Hurley's departure, including schools like Marquette, Virginia Tech, Providence, Kansas, Texas, and Indiana.
Source: YAHOO
Reported 6 months ago
Keith Gill, popularly known as Roaring Kitty, recently shared a snapshot of his significant GameStop holdings on Reddit's r/superstonk message board, including 5 million shares, 120,000 call options, and $29 million in cash. Gill's potential exercise of the call options could boost his stake to 17 million shares, potentially worth over $1 billion. Speculation around his investment tactics grows as regulators and platforms monitor his activities for potential trouble.
Source: YAHOO
Reported 6 months ago
UConn's Dan Hurley is considering leaving his successful coaching position to join the NBA's Los Angeles Lakers after they reportedly offered him a significant contract. While Hurley sees potential in coaching the premier basketball franchise, concerns about the challenges of coaching in the NBA, job security, and the successful run he has built at UConn are factors that may lead him to pass up the opportunity despite its appeal.
Source: YAHOO
Reported 6 months ago
Tribeca Festival announces a new Creator vertical in partnership with Whalar Group, expanding its programming to include creators in addition to Film, TV, Music, Audio Storytelling, Games, and Immersive verticals. The initiative aims to connect Hollywood with the rising creator space, featuring talks and events that explore creators as entrepreneurs, storytellers, and community builders. The Creator vertical includes a year-round talk series at The Lighthouse in New York and Los Angeles, and introduces the first Creator/Influencer award at the Tribeca X Awards for social media content.
Source: YAHOO
Reported 6 months ago
In an exclusive sneak peek at the June 6 episode of Teen Mom: The Next Chapter, Leah Messer expressed hesitation in supporting her father's detox journey. Despite her sister Victoria welcoming their dad into her home as he sought help, Leah set boundaries by emphasizing the importance of seeking professional detox assistance and avoiding enabling behaviors. Leah, drawing from her own sobriety journey, agreed to support their dad's commitment to detox but made it clear she would not tolerate any relapses. Their family dynamics and healing journey will be explored further in the upcoming season of Teen Mom.
Source: YAHOO
Reported 6 months ago
The National Transportation Safety Board (NTSB) is advocating for enhanced training for air traffic controllers following a near-collision in February 2023 in Austin, Texas, between a FedEx plane and a Southwest Airlines jet. The incident, where the two planes came within about 170 feet of each other in poor visibility conditions, has raised concerns about U.S. aviation safety and the strain on understaffed air traffic control. The NTSB recommends additional training for controllers in low visibility situations and better communication between controllers and flight crews.
Source: YAHOO
Reported 6 months ago
在2024年法國網球公開賽的女子半決賽中，意大利的Jasmine Paolini將與俄羅斯的Mirra Andreeva對決。Paolini以12號種子之姿進入了這場網球比賽，她擊敗了Elena Rybakina，晉級她的第一個大滿貫半決賽。與此同時，17歲的未種子Andreeva在八強戰中擊敗第二種子Aryna Sabalenka，給人留下驚喜。觀眾可以透過Fubo Elite觀看Paolini vs. Andreeva的比賽，此外還有其他免費直播選項，時間地點與轉播頻道等資訊也一應俱全。
Source: YAHOO
Reported 6 months ago
美國股市週四在Big Tech推動的上漲後略有波動，投資者正在權衡新的勞工數據，並對降息的希望日益增加。S&P 500接近平盤，創下歷史新高收盤。道瓊斯工業平均指數上漲0.2％，而科技股重要指標納斯達克綜合指數在早盤上漲後稍稍跌破平盤。股市進行了一段蓬勃的上漲後保持穩定，其中科技股協助推動漲勢，Nvidia超過蘋果成為美國第二大公司，市值均超過3萬億美元。
Source: YAHOO
Reported 6 months ago
義大利汽車公司Fiat的高層表示，市場對其新混合式500e小型車的需求每年約為10-11萬輛，公司正推出其全電動車型的較便宜版本。Fiat製造商Stellantis上個月宣布將推出500e小型電動車和Jeep Compass SUV的混合版本，將在意大利製造，這是碰上全球電動車銷售放緩的情況。這款“輕度”混合式500e將結合一台汽油引擎和電池，而不需要插頭。Fiat品牌的歐洲負責人Gaetano Thorel在媒體圓桌會議上表示，混合式500e的市場需求約值100,000-110,000輛車每年。去年全電動版本銷量不到80,000輛。
Source: YAHOO
Reported 6 months ago
美國最高法院星期四在原住民部落與聯邦政府就部落在其社區內運營醫療計劃時成本的爭議中支持部落。5-4的決定意味著政府將支付兩個部落接管其醫療計劃時面臨的開支，這是一項旨在給原住民更多當地控制權的法律。法院裁定支付這些成本是為了防止資金差距，不予補償會迫使部落“因追求自決而付出懲罰”。
Source: YAHOO
Reported 6 months ago
The UK High Court has decided that a legal battle between insurers and aircraft leasing companies concerning jets stranded in Ukraine due to Russia's invasion should be heard in Ukraine, not London. Judge Andrew Henshaw ruled in favor of exclusive jurisdiction clauses, stating that the cases in London should be put on hold, as disputes are required to be heard in Ukraine. Despite arguments from claimants citing difficulties in conducting litigation due to the war in Ukraine, Henshaw's ruling emphasized that the evidence does not show substantial delays or issues in litigating the claims effectively in Ukrainian courts.
Source: YAHOO