Reported 5 months ago
In 2022, Vincent Wasney had seizures aboard a Royal Caribbean cruise and was handed a medical bill of over $2,500 before being allowed to disembark, despite not being able to afford it. Along with his fiancée, they drained their accounts and maxed out a credit card to pay part of the bill. Although they were allowed to leave without paying the full amount, the experience highlights the financial burden of unexpected medical expenses while traveling without insurance. The couple managed to reduce some costs through crowdfunding and assistance from a hospital. This incident sheds light on the challenges faced by many Americans with medical debt and insufficient health coverage.
Source: YAHOO
Reported 5 months ago
The Philippine central bank aims to reduce speculation in the foreign exchange market as the peso nears a record low. Governor Eli Remolona mentioned intervening in the market to stabilize the currency, which has depreciated by 3.5% this quarter, becoming one of the worst-performing currencies in emerging markets. The peso's decline was further fueled by Remolona's hint at potential benchmark rate cuts. The BSP may reduce rates by up to 50 basis points this year, with the first cut possibly in the third quarter.
Source: YAHOO
Reported 5 months ago
China's MMG Ltd. aims to start extracting copper from a new pit at its Las Bambas project in Peru by the end of the year, potentially reaching its maximum capacity of 400,000 tons in 2025. The expansion comes after years of disruptions due to community protests. The global demand for copper, particularly in electric vehicles and renewable energy projects, has led to record prices, prompting miners like Las Bambas to increase their output.
Source: YAHOO
Reported 5 months ago
During the Miami Grand Prix, Mario Andretti, a former F1 champion, claimed that Formula 1 CEO Stefano Domenicali invited him at an event, where CEO of Formula 1 owner Liberty Media, Greg Maffei, allegedly vowed to prevent Michael Andretti from entering Formula 1. The controversy arose over the denial of Michael Andretti's bid to start racing in 2026 and the dispute about adding an 11th team to Formula 1. The situation escalated further when U.S. Congress members became involved, questioning the delayed entry until 2028 and emphasizing potential job benefits for General Motors.
Source: YAHOO
Reported 5 months ago
Transportation Secretary Pete Buttigieg publicly called out Rep. Lauren Boebert for wrongly claiming credit for securing federal funding for a bridge in her district, despite having voted against the bipartisan infrastructure bill that funded the project. The incident highlights the ongoing debate over Republicans taking credit for projects they have not supported. The Biden administration's bipartisan infrastructure bill has allocated $454 billion for various projects benefiting state and local governments.
Source: YAHOO
Reported 5 months ago
本文提到，Xander Schaffuele 在 PGA錦標賽中全程領先並贏得他的首個大型錦標賽將成為話題，但由於PGA錦標賽已結束，目前大家將目光轉向Colonial Country Club的Charles Schwab Challenge。本週將關注於可能在第二擊表現出色的高爾夫球手。而文章作者認為在這場比賽中，Tony Finau有機會在+3300的賠率下取得勝利，因為他在過去的36場比賽中在SG:App方面表現出眾，並有能力在球場上發揮長打優勢。
Source: YAHOO
Reported 5 months ago
China has decreased its daily reference rate for the yuan to the lowest level since January due to the strengthening dollar, allowing more flexibility for the currency to depreciate alongside regional peers. The move by the People's Bank of China is in response to the dollar's rebound and aims to maintain a balance between yuan weakness for economic growth without causing market panic or capital outflows. This adjustment in the yuan fixing may impact global foreign-exchange markets, as the yuan is a key currency for regional peers.
Source: YAHOO
Reported 5 months ago
據S&P全球評級經濟學家表示，印度政策制定者將在嘗試保持盧比穩定的同時，面臨管理外界資本流入的“平衡措施”，這些資本流入源自其債券被納入主要全球指數。該國儲備高達6440億美元，用於緩和波動的選擇，但成本可能“相當高昂”。儘管如此，該經濟學家預計印度將在未來走向更開放的資本流動，減少干預。
Source: YAHOO
Reported 5 months ago
Source: WSJ
Reported 5 months ago
Nvidia CEO Jensen Huang spoke exclusively to Yahoo Finance, highlighting the overwhelming demand for their graphics processing units (GPUs) as the company transitions from its current Hopper AI platform to the more advanced Blackwell system. Despite concerns about supply constraints, Huang emphasized the strong demand from customers wanting to deploy data centers and utilize Nvidia's GPUs for profit and efficiency gains. Nvidia reported impressive first-quarter results, with adjusted earnings per share at $6.12 on revenue of $26 billion, and expects revenue to reach $28 billion in the current quarter. The company also announced a stock split and increased dividend. Huang expressed confidence in Nvidia's position in AI inferencing and noted the diverse customer base, including major tech companies and industries like automotive.
Source: YAHOO
Reported 5 months ago
San Diego Padres placed 4-time All-Star Xander Bogaerts on the 10-day injured list after diagnosing him with a fractured left shoulder socket, expecting him to be sidelined for 2-3 months. The injury occurred when Bogaerts dove for a ball during a game against the Atlanta Braves. Although initial X-rays showed no structural damage and he was listed as day-to-day with inflammation, an MRI later revealed the fracture. Despite the timeline given by the team, Bogaerts expressed confidence in returning sooner than anticipated. In his absence, David Peralta has been called up to the active roster.
Source: YAHOO
Reported 5 months ago
Market optimism is increasing as Beijing works to boost China's economy, potentially improving earnings for its companies. About 40% of MSCI China Index members reporting earnings for the quarter ending March have beaten analyst estimates, marking a second consecutive quarter of improvement. Chinese authorities are signaling pro-growth measures to revive the economy, with investors hoping for a continued stock market rebound. Tech giants like Tencent Holdings and Baidu have been crucial in sustaining momentum, with expectations for further gains dependent on future earnings outcomes.
Source: YAHOO
Reported 5 months ago
Robert Whittaker cautions Khamzat Chimaev about his aggressive starts potentially leading to an early defeat in their upcoming UFC on ABC 6 headliner on June 22 in Riyadh, Saudi Arabia. Whittaker (25-7 MMA, 16-5 UFC) acknowledges Chimaev's grappling strength but believes he holds the advantage in striking. Drawing from Gilbert Burns' strategy, Whittaker plans to showcase superior striking and spacing control to secure a different outcome in the fight. For more details, check out MMA Junkie's event hub for UFC on ABC 6.
Source: YAHOO
Reported 5 months ago
French President Emmanuel Macron arrived in New Caledonia and called for peace, calm, and security after violent protests erupted due to proposed changes in voting rights. Macron emphasized the need for normalcy, food supplies, and safety. The territory, facing unrest since May 13, saw a state of emergency declared as violence led to casualties and disruptions. Macron's visit aims to address reconstruction, economic support, and sensitive political issues regarding New Caledonia's future.
Source: YAHOO
Reported 5 months ago
Singapore Airlines shares declined over 1% in early trading after a turbulent flight resulted in a passenger's death from a suspected heart attack and injuries to several others. The incident occurred during flight SQ321 over Myanmar, with the airline attributing it to sudden and extreme turbulence. The stock was down 1.3% at S$6.67 ($4.94) after falling as low as 1.8% to S$6.64, as Singapore markets reopened following a holiday closure.
Source: YAHOO
Reported 5 months ago
The dollar strengthened against the euro as U.S. business activity surged to its highest level in over two years in May, indicating an acceleration in economic growth in the second quarter. The S&P Global Composite PMI Output Index rose to 54.4, the highest since April 2022, reflecting expansion in the private sector. Additionally, improved data on American jobless claims suggested a robust labor market supporting the economy. Federal Reserve officials expressed confidence in easing price pressures but hinted at potential interest rate hikes if inflation surges. The euro and pound weakened against the dollar, while the Japanese yen and New Zealand dollar saw mixed movements. Ether, a cryptocurrency, rose amid speculation of potential U.S. spot exchange-traded fund approval.
Source: YAHOO
Reported 5 months ago
Nvidia CEO Jensen Huang reported strong Q1 results with revenue up 262% to $26 billion, led by the Data Center unit's 427% growth to $22.6 billion. Despite concerns about customers waiting for the upcoming Blackwell platform, Huang stated in an interview that demand for Nvidia's Hopper products is strong, especially for data center deployment. He highlighted the importance and complexity of AI inference, indicating Nvidia's competitive advantage in this area. Additionally, Huang discussed how automakers like Tesla are utilizing Nvidia's products for autonomous vehicles. The article also mentions Nvidia's 10-for-1 stock split and dividend hike.
Source: YAHOO
Reported 5 months ago
Japan's factory activity expanded for the first time in a year in May, as indicated by the au Jibun Bank flash Japan manufacturing purchasing managers' index (PMI) rising to 50.5 from 49.6 in April. The increase in manufacturing output, along with growth in the service sector, suggests a potential broadening of growth later in the year. Despite manufacturers' declining optimism and inflationary pressures, the composite PMI for both sectors increased slightly to 52.4 in May from 52.3 in April, the highest level since August of the previous year.
Source: YAHOO
Reported 5 months ago
The article from TVLine.com discusses the Season 11 finale of "The Masked Singer" where Goldfish emerged as the winner, with Gumball coming in second place. Various contestants were unmasked throughout the season, including celebrities like Vanessa Hudgens, Scott Porter, and Chrissy Metz, among others. The finale revealed Goldfish to be the Disney Channel icon Vanessa Hudgens, confirming many viewers' predictions.
Source: YAHOO
Reported 5 months ago
Danske Bank A/S's chief analyst, Allan von Mehren, the top forecaster for the Indian rupee, predicts that the currency will hit a record low of 83.60 per dollar by December, going against the consensus forecast for the rupee's first gain in seven years. Mehren suggests that the Reserve Bank of India may allow gradual rupee depreciation to boost export competitiveness, as the currency has been resilient against the dollar's strength. Despite expectations of moderate weakness, Mehren anticipates RBI intervention to prevent excessive volatility.
Source: YAHOO
Reported 5 months ago
The article emphasizes the importance of simplicity in investing for better returns, highlighting advice from Brian Portnoy, founder of Shaping Wealth. Portnoy stresses the significance of aligning investments with personal values and avoiding complex investments, debunking the myth of a "complexity premium" where more complicated investments yield better returns. Keeping investments simple and focusing on what is truly important in life is key to successful investing.
Source: YAHOO
Reported 5 months ago
Amazon's cloud unit has collaborated with AI startup Hugging Face to enable the deployment of numerous AI models on Amazon's custom chips. Valued at $4.5 billion, Hugging Face serves as a hub for AI developers to access and modify open-source AI models, supported by major tech companies like Amazon, Google, and Nvidia. Through this partnership, developers can now efficiently run tweaked AI models on Amazon Web Services' custom chip Inferentia2, aiming to attract more AI developers to AWS for cost-effective AI delivery.
Source: YAHOO
Reported 5 months ago
Nikola Jokic, Shai Gilgeous-Alexander, and Luka Doncic lead the All-NBA Teams, with Doncic now eligible for a record-breaking super-max contract extension worth $346.3 million in 2025 and Gilgeous-Alexander eligible for a $294.3 million extension. Other notable players on the First, Second, and Third Teams include Giannis Antetokounmpo, Jayson Tatum, Kevin Durant, LeBron James, Stephen Curry, and Devin Booker. LeBron James extended his record with his 20th All-NBA team selection, while Doncic joined Larry Bird, George Gervin, and Tim Duncan as players who made First-Team All-NBA in five of their first six seasons.
Source: YAHOO
Reported 5 months ago
Shares of Australia's BHP Group fell over 3% after Anglo American rejected its third takeover proposal and extended the bid deadline by one week. BHP now has until May 29 to make a binding offer for Anglo American, or it will face a mandatory six-month waiting period according to UK takeover rules. BHP's latest offer valued Anglo American at about $49.1 billion, contingent on Anglo unbundling its platinum and iron ore assets in South Africa. Anglo recently announced plans to divest less profitable businesses to focus on copper, with their shares closing up 0.4% in London.
Source: YAHOO