Reported 5 months ago
Frameline has unveiled the full lineup for the 48th San Francisco International LGBTQ+ Film Festival (Frameline48), featuring over 120 screenings from June 19–29 in various theaters across the San Francisco Bay Area. The festival will kick off with a Juneteenth celebration in the Castro neighborhood, and highlights include screenings of acclaimed films like "In the Summers" and "Go Fish." The event will also feature a Pride Kickoff Party with a performance by Linda Perry, and a variety of LGBTQ+ films from around the world will be showcased. Tickets for the festival will be available to the public starting May 24.
Source: YAHOO
Reported 5 months ago
The U.S. House of Representatives passed a bill aiming to establish a new legal framework for digital currencies, despite warnings from the U.S. Securities and Exchange Commission (SEC) that it could pose new financial risks. The Financial Innovation and Technology for the 21st Century Act passed with a bipartisan vote, with supporters arguing it will provide regulatory clarity and support industry growth. However, SEC Chair Gary Gensler cautioned that the bill could create regulatory gaps and undermine investor protection. The SEC's potential approval of spot ether exchange-trade funds contrasts with its concerns over the bill's implications for oversight.
Source: YAHOO
Reported 5 months ago
The article discusses the recent decline in existing home sales in the housing market in April, with a 1.9% drop compared to the expected 0.8% decrease. Analyst Logan Mohtashami highlights the impact of increasing inventory levels, suggesting that the positive aspect for the market will be the rise in inventory compared to 2023. However, challenges persist due to high mortgage rates and housing prices, hindering sales growth. Mohtashami emphasizes the need for mortgage rates to decrease towards 6% to stimulate housing market growth.
Source: YAHOO
Reported 5 months ago
Industry forecasters predict that in 2024, mortgage rates are expected to finish around 6.5%, down from the current 7.0%, with projections of one rate cut in December and an increase in origination volume, primarily driven by purchases. The market is anticipated to see increased demand from money managers and overseas investors, with an uptick in new home sales and housing starts. The Mortgage Bankers Association's Chief Economist forecasts a rebound in origination volume in the coming years, reaching $2.0 trillion in 2025 and $2.28 trillion in 2026, with mortgage rates projected to fall to 5.9% and 5.7% in 2025 and 2026, respectively.
Source: YAHOO
Reported 5 months ago
Marks & Spencer's £1bn sales boost was driven by increased demand for lingerie among younger women, with one in two women purchasing bras from the retailer and a total of 20 million bras and 60 million pairs of knickers sold last year. The popularity of M&S lingerie among Millennials and Gen Z customers, particularly the "B by Boutique" range, contributed to the retailer's success in appealing to younger shoppers. This achievement is part of M&S's efforts to revive its clothing division, with a focus on launching new, fashionable lines and collaborations with influencers, resulting in a 5.3% sales increase in the clothing and homeware market.
Source: YAHOO
Reported 5 months ago
New York Knicks' Jalen Brunson and Bojan Bogdanović have both undergone successful surgeries on their respective injuries and will be reevaluated in six to eight weeks. Brunson fractured his hand during Game 7 against the Indiana Pacers, while Bogdanović had been sidelined since the first round due to a wrist injury. The team is focusing on getting their core players healthy for the upcoming 2024-2025 season after injuries played a significant role in their elimination from the playoffs.
Source: YAHOO
Reported 5 months ago
In April, existing home sales in the U.S. dropped by 1.9%, reaching a seasonally adjusted annual rate of 4.14 million, primarily due to high mortgage rates and rising prices. The median price of previously owned homes rose to a record $407,600, while sales decreased in all regions of the country. The tight inventory of available homes, combined with high prices, has deterred potential buyers. Economists had expected higher sales, and it is suggested that a Federal Reserve interest rate cut later in the year could provide relief to the housing market.
Source: YAHOO
Reported 5 months ago
Bitcoin and Ethereum are experiencing a rally this week due to investor optimism surrounding proposed crypto legislation, including the Financial Innovation and Technology for the 21st Century Act (FIT21) that will potentially make the Commodities Futures Trading Commission (CFTC) the primary regulator for digital assets, providing clarity and consumer protections. The House is set to vote on FIT21 today, with expectations of passage, but its future in the Senate remains uncertain. The legislation has bipartisan support, but Democrats are concerned it could deregulate most cryptocurrencies by removing them from the SEC's oversight.
Source: YAHOO
Reported 5 months ago
U.S. existing home sales unexpectedly dropped in April due to higher mortgage rates and house prices, with inventory increasing but entry-level homes remaining scarce. Sales decreased 1.9% to 4.14 million units, falling short of expectations, and the market is expected to remain stagnant or decline slightly in the coming months. Despite rising inventory levels, supply constraints persist, leading to a 5.7% increase in median home prices to $407,600, the highest for any April. Economists anticipate a slowdown in residential investment in the second quarter as mortgage rates continue to impact the housing market.
Source: YAHOO
Reported 5 months ago
The BBC's decision to hire Nick Kyrgios as a Wimbledon pundit has sparked outrage among senior MPs and women’s campaigners, with criticism over his past admission of assaulting an ex-girlfriend and retweeting misogynist social media posts. Despite controversy, BBC executives have overlooked these issues as Kyrgios is set to join the Wimbledon team as a pundit, pending regaining match fitness. Kyrgios, known for his divisive personality on and off the court, has impressed with his commentary skills but continues to face backlash for his past actions.
Source: YAHOO
Reported 5 months ago
The article discusses the warning signs of a potential economic slowdown, highlighted by Target's drop in comparable sales year over year, indicating a shift in consumer behavior towards frugality and trading down. This change is reflected in reduced spending at restaurants, seen as an early warning sign of a fundamental shift in consumer behavior. The article features insights from David Rosenberg, founder of Rosenberg Research, discussing the impact of these consumer shifts on the economy and Federal Reserve policy decisions.
Source: YAHOO
Reported 5 months ago
BuzzFeed's stock price surged by 83% after former Republican presidential candidate Vivek Ramaswamy acquired a 7.7% stake in the media company and expressed intentions to drive changes to enhance shareholder value. Ramaswamy plans to engage the board in discussions regarding operational and strategic opportunities, aiming to shift the company's strategy. BuzzFeed has faced challenges since going public via a SPAC in 2021, with its stock plummeting over 90% since then. Ramaswamy, known for his anti-woke stance, has raised questions about BuzzFeed's strategic direction following the disclosure of his stake.
Source: YAHOO
Reported 5 months ago
Target reported a 3.7% decline in year-over-year comparable sales in its first-quarter earnings, with mixed results on the top and bottom lines. Analyst Michael Lasser from UBS sees this as a buying opportunity for investors due to Target's strong earnings potential, estimating earnings of $9.50 this year and $10 next year, with the stock currently trading at a low multiple. Despite challenges like inflation and credit card debt impacting consumers, Target's initiatives to lower prices on products and introduce private label items are expected to drive better trends and help regain lost market share. Comparing Target to Walmart, which is currently experiencing better near-term momentum, both retailers are seen as strong investments with attractive valuations.
Source: YAHOO
Reported 5 months ago
Volkswagen has postponed the launch of its electric ID.7 sedan in the U.S. and Canada due to changing market dynamics, with no new timeline provided. The company was planning to introduce the electric sedan later in the year, but global automakers like Ford and General Motors are reconsidering their EV strategies amidst slowing demand, focusing more on higher-margin hybrids and gasoline models. Volkswagen remains committed to launching 25 EVs in North America by 2030 but is prepared to adapt to market changes.
Source: YAHOO
Reported 5 months ago
Anya Taylor-Joy was seen in New York City wearing a custom Marni minidress that resembled an impressionist painting with streaks of paint and abstract black spots. The high-neck, halter-style dress featured a sleeveless bodice and an A-line skirt, inspired by the Marni Fall/Winter 2024 Ready-to-Wear collection. Taylor-Joy accessorized the look with silver jewelry and black cat eye sunglasses, completing the outfit with black strappy sandal heels.
Source: YAHOO
Reported 5 months ago
Actress and singer Bella Thorne stood out at the Chopard "Once Upon a Time" evening during the 2024 Cannes Film Festival with a striking look that included a structured, strapless gown with a reflective corset top and sinuous accessories. Thorne accessorized with Chopard jewelry and René Caovilla sandals, and completed her ensemble with a dark chocolate color palette in her makeup. The event was attended by high-profile guests and took place at the Hotel du Cap-Eden-Roc, with Thorne's dramatic outfit being a standout choice for the occasion.
Source: YAHOO
Reported 5 months ago
Source: SNY
Reported 5 months ago
Local government bodies in China have requested Evergrande New Energy Vehicle's unit to return $262.4 million in subsidies and incentives, leading to potential adverse impacts on the company's financial position and operations. Evergrande Automotive Holdings received a letter demanding repayment of funds and termination of investment agreements, amidst the parent company, China Evergrande, facing liquidation orders earlier this year due to financial struggles and debt defaults. Consequently, Evergrande's shares remain suspended, awaiting further developments.
Source: YAHOO
Reported 5 months ago
Snoop Dogg has partnered with memorabilia authentication and auction company, The Realest, to launch an auction series called "The Shiznit," allowing fans and collectors to own a piece of hip-hop history with items like lyrics, awards, unreleased tapes, outfits, and more. The auction kicked off on May 21 and will run until June 2, featuring a wide array of memorabilia including autographed jackets, jerseys, platinum discs, and master recording tapes. The venture follows the success of previous auctions, such as Tupac Shakur's custom ring selling for over $1 million and Tupac and The Notorious B.I.G.'s arrest fingerprint documents fetching $225,000 each.
Source: YAHOO
Reported 5 months ago
Indonesia's inaugural government-funded film grant, Film Matchfund, has selected four projects as its first recipients. These projects include "This City is a Battlefield," "Crocodile Tears," "Samsara," and "Tale of The Land," all receiving funding from Indonesia's Cultural Endowment Fund. Additionally, they have received international support from grants like the Hubert-Bals Fund and CNC Cinema du Monde. The aim is to support Indonesian filmmakers, expand international networks, and produce films that showcase Indonesia's diversity globally. The funding supports co-productions between Indonesian and foreign filmmakers, covering various production-related costs.
Source: YAHOO
Reported 5 months ago
Nvidia is expected to release its earnings report, with investors anticipating a 242% surge in revenue. Analysts predict profits to rise over 400% from a year ago, and the company would need to surpass estimates by 15% to avoid a sell-off. With high expectations for Nvidia and its significant market impact, analysts are optimistic about another beat and raise this quarter despite the stock already being up 90% this year. If Nvidia's results disappoint, it could have broader ripple effects across multiple sectors beyond just the tech industry.
Source: YAHOO
Reported 5 months ago
Tyler Boyd, newly signed by the Titans, is excited about the potential of forming a "deadly" trio with DeAndre Hopkins and Calvin Ridley in Tennessee. The experienced trio of receivers, each having achieved at least two 1,000-yard seasons, is expected to greatly benefit quarterback Will Levis and elevate the Titans' offense. Boyd expressed his comfort and excitement about joining a new team after playing his entire career with the Bengals, and he praised Levis as a talented quarterback who can lead the offense to success.
Source: YAHOO
Reported 5 months ago
In the upcoming episode 7 of Black Butler -Public School Arc- (Season 4), the aftermath of the headmaster's appearance in the previous episode will be shown, with the Blue and Green Houses competing against each other. Sebastian may assist Ciel in winning a round so that he can meet the headmaster. The episode is set to air on Saturday, May 25, 2024, with a focus on the ongoing rivalry and schemes between the different houses.
Source: YAHOO
Reported 5 months ago
Despite a disappointing rookie season, Panthers quarterback Bryce Young has impressed his receivers during OTAs with his accuracy, smarts, and confidence compared to last year. Despite the challenges Young faced in his first season, there is still belief within the Panthers organization that he is the right man for the job based on the positive feedback from his teammates.
Source: YAHOO
Reported 5 months ago
The article suggests adding high-quality, low-risk dividend stocks like AbbVie Inc. and Visa Inc. to a retirement portfolio to enhance income and provide stability during market downturns. AbbVie offers a 3.77% annual dividend yield with a strong balance sheet, while Visa provides a 0.75% yield with solid financial performance. Additionally, alternative high-yield investment options like the Ascent Income Fund and Basecamp Alpine Notes from EquityMultiple are recommended for diversification, offering yields up to 13% and unique opportunities to boost retirement income.
Source: YAHOO