Reported 5 months ago
Amazon.com investors voted against all 14 resolutions at the annual shareholder meeting, including disclosing more about carbon emissions, oversight on artificial-intelligence development, and forming a committee to address policy positions, lobbying expenditure, working conditions, and packaging materials. CEO Andy Jassy indicated no plans for a dividend and mentioned an upcoming update for Alexa's generative AI. The full investor vote tally will be provided later, as shares in the retailer remained mostly unchanged on Wednesday.
Source: YAHOO
Reported 5 months ago
The Abandons, a new Western series on Netflix created by Sons of Anarchy's Kurt Sutter, has commenced production. The cast photo showcases Gillian Anderson, Lena Headey, and others. Set in 1850s Oregon, the show follows diverse families battling corrupt forces seeking their land, delving into themes of survival, law, and violence. Alongside Heady and Anderson, the cast includes Nick Robinson, Diana Silvers, and more. Filming is ongoing in Calgary, with Sutter serving as creator and showrunner.
Source: YAHOO
Reported 5 months ago
The U.S. Cyber Trust Mark Initiative will introduce consumer labels on smart devices like baby monitors and fitness trackers to help consumers choose products that meet federal cybersecurity standards and are less vulnerable to hacking. The labels, similar to the Energy Star program, are expected to start appearing on devices before the holiday shopping season, providing security information through QR codes and involving industry participants like Amazon, Google, and Samsung. This initiative aims to empower consumers and encourage manufacturers to improve cybersecurity in their products amidst the rise of cybercrime associated with internet-connected devices.
Source: YAHOO
Reported 5 months ago
The Houston Rockets, along with several other NBA teams, are closely monitoring the situation surrounding Donovan Mitchell of the Cleveland Cavaliers. Mitchell has one year left on his contract and faces a decision on a contract extension this summer. If he does not sign, the Rockets and other teams are prepared to pursue a trade for the All-NBA player. Houston, looking to bolster its roster and move away from rebuilding mode, sees Mitchell as a potential key addition to their team alongside young talents like Jalen Green and Alpren Sungun. Mitchell's future in Cleveland remains uncertain, with various teams waiting to see if he becomes available for a trade.
Source: YAHOO
Reported 5 months ago
The article reports that the Chinese government has threatened retaliatory tariffs on European Union and US-made vehicles in response to the EU's investigation into Chinese EV subsidies and the White House's tariff escalation on Chinese goods. The China Chamber of Commerce to the EU mentioned that China might increase temporary tariff rates on imported cars with large-displacement engines up to 25%, compared to the current 15%. This threat impacted the shares of European luxury automakers exporting such vehicles to China. The EU's investigation into Chinese EV subsidies is ongoing, with a deadline set for July 4, while President Biden announced new tariffs on Chinese products, including EVs. This situation reflects the escalating tensions in the US-China trade relationship.
Source: YAHOO
Reported 5 months ago
San Francisco 49ers running back Christian McCaffrey did not attend the start of OTAs, with his absence reportedly not being related to his contract. However, his contract is seen as problematic with him making $11.8 million this year, less than other offensive players on the team despite his significant contributions. While the issue is not pressing currently, it may become a concern as the start of the season approaches.
Source: YAHOO
Reported 5 months ago
Larne swimmer Danielle Hill has secured her spot at the Paris Olympics by achieving the qualifying time of 59.11 in the 100m backstroke at the Irish National Swimming Championships. This accomplishment marks her second consecutive Olympic qualification, having also made it to the Tokyo Olympics. Hill's achievement of breaking the one-minute barrier in the event makes her the first Irish woman to do so. Conor Ferguson, another Larne swimmer, will have one final opportunity to reach the Paris qualifying time in the 100m backstroke final after narrowly missing out in the semi-finals.
Source: YAHOO
Reported 5 months ago
The 2024 Indianapolis 500, featuring eight former winners and Kyle Larson attempting to run both the Indy 500 and Coca-Cola 600 in the same day, has had its start delayed due to severe thunderstorms. Larson is set to start the Indy 500 in fifth and the 600 from the rear. Team Penske, with a front-row sweep in qualifying, aims for their 20th Indy win, while Chevrolet-powered cars dominate the field. Former winners like Power, Newgarden, Rossi, and Sato are also in contention, with Castroneves vying for a record fifth win.
Source: YAHOO
Reported 5 months ago
The article from NBC Sports Boston warns the Boston Celtics not to get complacent after their rousing Game 1 win, as history has shown that momentum can quickly shift in the NBA playoffs. Despite their impressive victories in the past, the Celtics have often struggled to maintain consistency and have let opportunities slip away. The article emphasizes the importance of not underestimating their opponents, highlighting previous instances where the Celtics have faltered after appearing to have the upper hand. While Boston may be favored to win against the Indiana Pacers, it is cautioned that victory is never guaranteed in the playoffs.
Source: YAHOO
Reported 5 months ago
Babe Ruth's jersey from the legendary 'Called Shot' home run in the 1932 World Series against the Chicago Cubs is set to hit the auction block this summer. The jersey has been photo-matched to images from Game 3 of the series and is expected to become the most expensive sports collectible ever auctioned, potentially surpassing the $12.6 million record set by a Mickey Mantle Topps baseball card in 2022. Ruth's iconic home run moment remains one of the most famous in baseball history, and the jersey's auction is part of Heritage Auctions' "Summer Platinum Night Sports Auction" scheduled for August 23-25.
Source: YAHOO
Reported 5 months ago
Operation HOPE CEO John Hope Bryant shares insights on building wealth in a high inflationary environment, emphasizing the importance of financial literacy and practical money tips. Bryant recommends addressing financial challenges head-on, boosting credit scores, tracking expenses, and curbing unnecessary spending to foster financial stability and growth. He also highlights the significance of open conversations about finances.
Source: YAHOO
Reported 5 months ago
Operation HOPE CEO John Hope Bryant discusses the importance of "relationship capital" for new college graduates entering the workforce, advising them to prioritize building connections, expanding networks, and seizing opportunities in the office. Bryant stresses that success in the professional world is heavily reliant on relationships and suggests that grads focus on improving their financial literacy to manage debt and start saving for the future. He also encourages grads to actively seek out opportunities in the office rather than opting for remote work to establish strong connections and increase their chances of career advancement.
Source: YAHOO
Reported 5 months ago
The article discusses the significance of Nvidia and its technology in the markets and for investors. Nvidia's upcoming earnings report is highly anticipated by Wall Street, as the chip-making giant has played a key role in driving the tech sector and the S&P 500 with its stock price climbing over 91% year-to-date. Nvidia is a leader in producing advanced chips, particularly graphics processing units (GPUs) used in artificial intelligence (AI) applications, making it a bellwether for AI demand. The company generates a significant portion of its revenue from data centers, which are crucial for supporting AI technologies. The market is eagerly awaiting Nvidia's earnings report to see how it will impact investor sentiment and market trends.
Source: YAHOO
Reported 5 months ago
The article from Yahoo Finance discusses various topics, including the anticipation around Nvidia's first-quarter earnings, Target's miss in its first-quarter results compared to Walmart's performance, and Pixar Animation Studios laying off 14% of its workforce as part of Disney's cost-cutting measures. Nvidia's earnings are eagerly awaited, Target is facing challenges with consumer spending due to inflation, and Disney may focus more on feature films rather than streaming content. Analysts believe that both Target and Walmart are well-positioned in the long term, with Target's stock being seen as a good buying opportunity despite the short-term dip. Additionally, the article mentions the impact of inflation on consumers and the strategic shifts in the retail sector.
Source: YAHOO
Reported 5 months ago
Melinda French Gates, a prominent philanthropist and co-founder of the Bill & Melinda Gates Foundation, has directed $77.6 billion in grants since 2000. Despite resigning from the foundation, she continues her philanthropic efforts through Pivotal Ventures, focusing on investing in women-led funds to challenge the venture capital industry and generate profits. Her sectors of interest include politics, technology, finance, and storytelling, with a focus on partnering with individuals who are willing to lead with new ideas and collaborate with others. French Gates' work and vision were discussed with Yahoo Finance's Brian Sozzi in mid-March.
Source: YAHOO
Reported 5 months ago
The Hong Kong regulator has directed Worldcoin to cease all operations in the country due to privacy concerns. The Office of the Privacy Commissioner for Personal Data stated that Worldcoin should stop scanning and collecting iris and face images of the public using its devices, describing the data collection as unnecessary and excessive. Worldcoin, which offers free cryptocurrency in exchange for iris scans, has faced criticism over its handling of personal data, with over 5 million people in 160 countries having signed up for the service. Despite the regulator's actions, Worldcoin maintains that it operates lawfully and is compliant with data protection laws.
Source: YAHOO
Reported 5 months ago
Brazilian thrash metal band Nervosa have announced an extensive Fall 2024 North American headlining tour, with support from Lich King and Hatriot starting on August 29th in Milwaukee and concluding on October 13th in Chicago. The tour will include major destinations such as Los Angeles, Las Vegas, Dallas, Brooklyn, and Orlando, with general ticket sales beginning on May 24th through Ticketmaster and StubHub. Nervosa's vocalist and guitarist Prika Amaral expressed excitement for the tour, noting the special show they will bring to fans, referencing their 2023 album "Jailbreak."
Source: YAHOO
Reported 5 months ago
The article discusses the impact of phantom debt on consumer credit, particularly related to "buy now, pay later" (BNPL) plans. US credit card debt is at $1.12 trillion, with 15% of Gen Z consumers maxing out their credit cards. Macy's reported an 8.9% increase in credit card delinquencies, and Splitit CEO Nandan Sheth highlights the issue of "phantom debt" in credit markets due to BNPL plans not being closely monitored by credit agencies. Sheth emphasizes the need for more responsible lending in the BNPL space, especially after the Consumer Financial Protection Bureau announced plans to regulate BNPL like credit cards.
Source: YAHOO
Reported 5 months ago
Apple is challenging a $2 billion antitrust fine imposed by the EU at Europe's second-highest court, following accusations of impeding Spotify and other streaming rivals through restrictions on its App Store. The fine, the EU's first antitrust penalty against Apple, was issued in March, and Apple plans to appeal the decision. The case could potentially go through a lengthy legal process, with a ruling by the General Court in Luxembourg and potential further appeals to the Court of Justice of the European Union.
Source: YAHOO
Reported 5 months ago
A recent Bank of America report highlighted disparities in financial security among American workers, with 47% feeling secure but concerning gaps across race and gender. Operation HOPE CEO John Hope Bryant discussed how women and people of color can achieve financial freedom, noting a shift towards understanding financial health. Bryant emphasized the confusion between making money and building wealth as a key issue, with only 18% of African Americans investing in stocks. He stressed the importance of financial literacy and preparedness for future economic leadership.
Source: YAHOO
Reported 5 months ago
Source: BARRONS
Reported 5 months ago
Kylie Jenner was spotted wearing a stone-gray lounge set from her brand, Khy, featuring a slinky, asymmetric top and high-waisted, flared leggings. Paired with black sandals and a tote bag, Jenner completed the look with a neat bun and natural makeup. The outfit is a teaser for an upcoming release from her fashion brand, which aims to offer creative and high-quality designs at a more accessible price point.
Source: YAHOO