Reported 5 months ago
Turkey's central bank decided to maintain its interest rates and introduced new measures to address excess liquidity and control lending in foreign currencies. The Monetary Policy Committee kept the benchmark rate at 50% and emphasized a tight policy stance until a significant decline in inflation. The central bank also imposed higher reserve requirements for commercial banks and a cap on monthly foreign exchange credit growth to manage liquidity glut concerns. Additionally, the bank raised reserve requirements for FX-protected accounts to facilitate a shift to regular lira deposits. Analysts expect a continued pause in rate hikes with a focus on fiscal adjustments and alternative tightening tools, while inflation data will influence future monetary policy decisions.
Source: YAHOO
Reported 5 months ago
Billionaire hedge fund manager David Einhorn has declared that value investing, a strategy favored by Warren Buffett, is "dead." Einhorn, president of Greenlight Capital, has shifted away from traditional value investing due to what he perceives as broken market structures. He now focuses on companies that are misunderstood and undervalued, emphasizing price discipline, cash flow, and a concentrated portfolio of 15 to 20 companies. Einhorn's revised approach contrasts with traditional value investing strategies, and individuals should consider their investing goals and risk tolerance when deciding between the two methods.
Source: YAHOO
Reported 5 months ago
Melinda Gates, co-founder of the Gates Foundation, discussed the challenges of the tech industry's male-dominated culture and her focus on supporting the next generation of female leaders during an interview with Yahoo Finance. Gates highlighted her journey from Microsoft's bro culture in the 1980s to empowering women leaders through her venture capital firm, Pivotal Ventures. She announced her decision to step down from the Gates Foundation and invest $12.5 billion in her philanthropic endeavors, particularly supporting women leaders. Gates emphasized the importance of diversity in leadership and her commitment to fostering a more inclusive environment in male-dominated industries like tech.
Source: YAHOO
Reported 5 months ago
Banco Santander SA is exploring interest in potential synthetic-risk-transfer transactions tied to over $6 billion in loans in Mexico and Brazil, including vehicle loans and corporate loans. The lender is seeking investor feedback for deals related to carmakers like Tesla Inc. and Suzuki Motor Corp., as well as a Brazilian loan portfolio. These transactions are in the early stages, with details on size and terms still pending, and could provide opportunities for double-digit yields for investors. Additionally, Santander is also considering selling a Spanish portfolio of mortgage and consumer/business loans.
Source: YAHOO
Reported 5 months ago
The article discusses how three billionaire hedge fund managers, including Tiger Global Management, Soros Fund Management, and Bridgewater Associates, have been buying stocks related to artificial intelligence (AI), such as Alphabet, Nvidia, and Meta Platforms. These funds showed significant purchases of Alphabet in Q1, with Bridgewater also buying Nvidia and Meta. The article highlights the potential of these stocks, particularly Alphabet and Meta, which are considered reasonably priced and executing well, making them attractive options for investors.
Source: YAHOO
Reported 5 months ago
The European Commission has fined Mondelez, the maker of Oreo cookies, 337.5 million euros for impeding cross-border sales of its products within EU member states. Mondelez, which also owns Cadbury and Toblerone, among other brands, engaged in anticompetitive practices aimed at restricting the trade of chocolate, biscuits, and coffee products. This resulted in higher prices for consumers and violated EU competition rules. The Commission highlighted the importance of free movement of goods in the single market and the impact on grocery prices, particularly in times of high inflation.
Source: YAHOO
Reported 5 months ago
Luka Doncic and Kyrie Irving combined for 63 points to lead the Dallas Mavericks to a 108-105 victory over the Minnesota Timberwolves in Game 1 of the Western Conference finals. Doncic scored 33 points, including 15 in the fourth quarter, while Irving added 30 points. Jaden McDaniels led the Timberwolves with 24 points, but Dallas outscored Minnesota in the fourth quarter to secure the win.
Source: YAHOO
Reported 5 months ago
The article discusses why Bristol Myers Squibb (BMY) may be a good investment despite its recent struggles. The pharmaceutical company has a high dividend yield of 5.6% and a reasonable payout ratio, but has faced challenges with slower-than-expected drug launches and upcoming patent cliffs. However, BMY has a history of successful acquisitions and has recently acquired Karuna Therapeutics, which could be a potential blockbuster. The article suggests that BMY's long-term value creation potential may make it an attractive investment for contrarian investors looking for a high-yield dividend stock with growth potential.
Source: YAHOO
Reported 5 months ago
Fulham midfielder Willian is a summer target for Saudi clubs as his contract with the team is running down, with interest from Saudi Pro League teams looking to add him to their South American roster. Meanwhile, Birmingham City is in talks with former Stoke and Norwich manager Alex Neil for their managerial position, while Plymouth Argyle is interviewing ex-Sheffield United manager Paul Heckingbottom for a potential role. Additionally, Arsenal is looking to sell midfielder Albert Sambi Lokonga permanently this summer after his loan spells at Luton Town and Crystal Palace.
Source: YAHOO
Reported 5 months ago
Stocks in the U.S. market slid, with the Dow Jones Industrial Average dropping over 1.5% for its worst day in a year, following Nvidia's blockbuster earnings that failed to spark a broader market rally. The tech-heavy Nasdaq Composite fell about 0.4%, while the S&P 500 dropped nearly 0.8%. Nvidia's shares surged over 9%, surpassing $1,000 for the first time, after beating Wall Street forecasts for the first quarter earnings and raising its guidance. However, concerns over interest rates dominated investor sentiment after a hot reading on economic activity and Federal Reserve minutes reignited worries over rate hikes.
Source: YAHOO
Reported 5 months ago
Source: YAHOO
Reported 5 months ago
The article from Motley Fool discusses three potential stocks to buy and hold for passive income: Vici Properties, Realty Income, and the Vanguard High Dividend Yield ETF. Vici Properties, a casino real estate company, offers a 5.6% dividend yield and has shown strong performance. Realty Income, owning a portfolio of single-tenant properties, provides a 5.8% dividend yield and has increased payouts for 107 consecutive quarters. The Vanguard ETF tracks companies with a history of high dividends, offering a 2.8% yield. These investments aim to provide reliable dividend income for the long term, despite potential volatility.
Source: YAHOO
Reported 5 months ago
Nvidia's first-quarter revenue surged 262% to $26.0 billion, beating expectations, with the company announcing a stock split and dividend increase. In an exclusive Yahoo Finance interview, Nvidia CEO Jensen Huang discussed the strong demand for their products and highlighted Meta's Llama language models as significant. He also praised Tesla's Full Self-Driving technology, describing it as revolutionary for using generative AI to predict and understand driving paths. Huang emphasized the effectiveness of training AI systems for autonomous vehicles by learning directly from videos. The article covers more insights from the interview with Jensen Huang on Yahoo Finance.
Source: YAHOO
Reported 5 months ago
Investors in top-rated bonds backed by commercial real estate debt are experiencing losses for the first time since the financial crisis. This was evidenced by the recent sale of a $308 million note backed by a mortgage on the 1740 Broadway building in Manhattan, resulting in top-ranked holders receiving less than three-quarters of their original investment back. The distress in the US commercial real estate market, particularly in bonds tied to single mortgages for older office buildings, is causing concerns about further losses. Market analysts predict that more loans may be sold at discounted values, indicating potential challenges in the commercial real estate sector.
Source: YAHOO
Reported 5 months ago
Industry experts warn that the widening technology gap between carriers and supply chain providers in U.S.-Mexico cross-border trade poses a threat to trade efficiency and competitiveness. Companies that fail to adopt advanced tools like AI and smart cameras risk losing business to more tech-savvy competitors. While trade between the U.S. and Mexico is increasing, digital service growth is lagging, especially among smaller carriers, hindering the potential for streamlined cross-border commerce and supply chain efficiency.
Source: YAHOO
Reported 5 months ago
Eagles cornerback Darius Slay, entering his 12th NFL season at 33 years old, is focused on mentoring rookies Quinyon Mitchell and Cooper DeJean. Slay has been impressed with Mitchell's quickness and technique, and DeJean's athleticism and versatility. Slay is committed to passing on his knowledge to help the rookies succeed, emphasizing the importance of knowing their assignments and being ready to compete. Despite a crowded cornerback roster, Slay believes both rookies will play significant roles in the Eagles' defense in 2024.
Source: YAHOO
Reported 5 months ago
Embracer's CEO, Lars Wingefors, emphasized the importance of human creativity in game development despite the increasing role of artificial intelligence (AI) in the industry. Embracer is undergoing a strategic shift to adapt to the evolving gaming landscape, planning to split its business into three listed companies by 2025. The company aims to attract talent and create compelling content for established IPs like Tomb Raider and The Lord of The Rings series, anticipating growth in the gaming market over the next five years.
Source: YAHOO
Reported 5 months ago
Former Southampton defender Francis Benali is excited for the Championship play-off final against Leeds, anticipating a tough and high-quality game with a potentially classic outcome. Benali acknowledges Southampton's previous victories over Leeds in the league but emphasizes the unique nature of this one-off match and the significant prize at stake for both teams. He praises Leeds' threat and Russell Martin's coaching, highlighting the need for Southampton to be at their best to secure a victory.
Source: YAHOO
Reported 5 months ago
A leading Russian rights group, OVD-Info, received a notice from YouTube threatening to block access in Russia to its anti-war video channel, Kak Teper, featuring news on the conflict in Ukraine. The email from YouTube cited content on the channel violating Russian law on information technology, with potential blocking if not removed. OVD-Info is consulting with YouTube to challenge the censorship, while Google has not responded to queries. YouTube recently deleted videos from other channels providing information on evading Russian military service, which were later reinstated. Blocking OVD-Info's channel would be the first instance of a Russian human rights channel fully banned on YouTube.
Source: YAHOO
Reported 5 months ago
Nvidia's stock surged by 9%, surpassing $1,000 following an earnings beat that exceeded forecasts. The company reported a first-quarter revenue of $26 billion, up by 262% from the previous year, leading to a market cap over $2.5 trillion. Nvidia also announced a 10-for-1 stock split and a dividend increase, with expectations for a revenue of $28 billion in the current quarter. Despite concerns about Data Center revenue from hyperscalers, Nvidia's CEO highlighted strong demand for AI training and inference. JPMorgan raised its price target on Nvidia stock to $1,150, emphasizing the company's competitive edge.
Source: YAHOO
Reported 5 months ago
Nvidia（NVDA）股票周四上涨9.3%，收盘价首次突破1000美元，显示芯片巨头市值超过2.5万亿美元，因公布超出预期的第一季度盈利而再次引发热传。Nvidia公司周三收盘后公布的第一季度业绩显示，调整后的每股盈利为6.12美元，营收为260亿美元，与去年同期相比分别增长了461%和262%。公司还宣布进行10比1的股票拆分和提高股息。在当前季度，Nvidia公司预计营收为280亿美元，相比分析师预期的266亿美元为佳。
Source: YAHOO
Reported 5 months ago
Nvidia's stock surged 9% to over $1,000 following better-than-expected earnings in the first quarter, with a market cap exceeding $2.5 trillion. The company's adjusted earnings per share jumped 461% to $6.12, and revenue increased by 262% to $26 billion compared to the previous year. Nvidia also announced a 10-for-1 stock split and a dividend hike, aligning with other major tech companies. Despite concerns about Data Center revenue from hyperscalers, Nvidia reported significant growth in this segment to $22.6 billion, accounting for 86% of total revenue. Following the positive results, JPMorgan analysts raised their price target on Nvidia stock to $1,150.
Source: YAHOO
Reported 5 months ago
A comparison meme of how 30-year-olds looked in the 1980s vs. today went viral, prompting a detailed exploration of how 30 looks on 70 different celebrities over the years from Paul Rudd and Cher to Justin Bieber and Harry Styles. Images ranging from 1952 to 2024 showcase famous personalities like Jennifer Aniston, Dwayne Johnson, and Madonna at the age of 30, reflecting the evolution of appearances and styles over the past eight decades.
Source: YAHOO