Reported 5 months ago
Target's shares are declining after the company's Q1 report showed a 3.7% drop in comparable sales and missed revenue expectations, contrasting with Walmart's increase in comparable sales. Target's CEO cited inflation impacting consumer spending. Analysts note Target's struggles compared to Walmart's success, with concerns about market share loss and price competitiveness. Target plans to cut prices on 5,000 items, but questions arise about its impact on margins and ability to attract shoppers back from Walmart.
Source: YAHOO
Reported 5 months ago
The article compares Inovio Pharmaceuticals and Novavax, two biotech companies that have experienced significant stock price rebounds in 2024. Novavax, which has received approval for its COVID-19 vaccine and struck a major deal with Sanofi, is seen as having better prospects due to higher revenue and financial stability. In contrast, Inovio Pharmaceuticals is developing promising products, including a therapy for a rare disease, but its market capitalization is lower and its success depends largely on regulatory progress. Despite both being risky options, Novavax is considered a better bet due to its stronger financial position.
Source: YAHOO
Reported 5 months ago
"Mongrel" is a Taiwanese drama directed by Chiang Wei Liang, set in the immigrant trade in Taiwan and focusing on the harsh realities faced by immigrant workers. The story follows Oom, a caring worker who becomes entangled in the dark dealings of his ruthless boss, Boss, and Brother Te. The film sheds light on modern slavery and poverty, showcasing the bleak and controlled environment through superb filmmaking. The narrative, filled with physical and emotional deprivation, conveys a powerful message about the enduring crimes of our time, ultimately ending with a glimmer of hope.
Source: YAHOO
Reported 5 months ago
Stocks are mixed as investors await Nvidia's Q1 earnings report after the market close, with the Dow Jones Industrial Average still below its record 40,000 benchmark. The market is starting the day flat, with the Dow and S&P 500 slightly down while the NASDAQ tries to maintain gains. Yields in the bond market are moving up ahead of more Fed officials speaking on rate cuts, and tech is leading the sector action in the green.
Source: YAHOO
Reported 5 months ago
Boston and Cleveland Federal Reserve presidents are calling for more inflation data before considering rate cuts, reinforcing the need for evidence of cooling inflation before moving forward with any adjustments. They emphasize the importance of holding rates higher for longer until inflation shows signs of coming down, with differing views within the Federal Reserve on the timeline for potential rate cuts. This stance is highlighted as top Fed leaders seek further confirmation that inflation is on track to return to their 2% target before making any decisions.
Source: YAHOO
Reported 5 months ago
"Kamen Rider Black Sun Season 1" is an action fantasy drama series available for streaming on Amazon Prime Video, consisting of 10 episodes that follow a young girl's quest to change the discriminatory system against Kaijins. The show explores her encounters with the Creation King and challenges she faces, especially after meeting Kotaro Minami. The series stars actors like Hidetoshi Nishijima and Tomoya Nakamura, and viewers can access it through Amazon Prime Video's streaming service by signing up for a membership.
Source: YAHOO
Reported 5 months ago
Private equity groups, led by Drew Weatherford and Gerry Cardinale, are actively engaging with college athletic departments to inject instant cash amid significant changes in college sports. With the NCAA and schools agreeing to a revenue-sharing model with athletes, private capital investment is seen as crucial for departments to remain competitive. Weatherford and Cardinale's Collegiate Athletics Solutions platform aims to provide financial support to athletic departments, with investments ranging from $50 million to $200 million. Despite some skepticism, private equity involvement is becoming increasingly necessary as schools face financial strains due to mounting debts and the need to compensate athletes directly.
Source: YAHOO
Reported 5 months ago
"Always a Sword: A Sword & Sorcery Adventure Season 1" is a 2019 fantasy-reality series where celebrities play a real-life Dungeons & Dragons game. The show, available for streaming on Amazon Prime Video, consists of 8 episodes showcasing different phases of the game and is directed by Brian Ward, featuring celebrities like Deborah Ann Woll and Tiffany Smith. Viewers can watch by subscribing to Amazon Prime Video for $14.99 per month or $139 per year with an Amazon Prime membership.
Source: YAHOO
Reported 5 months ago
After rejecting a third takeover offer from BHP valued at 38.6 billion pounds, Anglo American has agreed to a one-week extension for BHP to make a binding offer. The proposal is conditional on Anglo unbundling its platinum and iron ore assets in South Africa. Anglo's concerns about completion and execution risks in BHP's proposal may hinder the deal, with investors being skeptical. The South African government is closely monitoring the situation, and BHP's proposed deal deadline coincides with a national election in the country. Analysts suggest BHP may need to increase its offer by around 30% to reflect the fair value of Anglo and its copper assets in Chile and Peru.
Source: YAHOO
Reported 5 months ago
US stocks closed lower on Wednesday after the release of the Federal Reserve's May meeting minutes, with the S&P 500 slipping about 0.3%, the Nasdaq Composite down 0.2%, and the Dow Jones falling roughly 0.5%. Investors were awaiting Nvidia's earnings, which surpassed expectations, leading to a 2% stock increase in after-hours trading. The Fed minutes indicated a willingness to tighten policy if necessary. Additionally, Target stock tumbled 8% due to an earnings miss and cautious guidance, while BuzzFeed shares surged after Vivek Ramaswamy disclosed a 7.7% stake, aiming for strategic changes.
Source: YAHOO
Reported 5 months ago
The recent civil unrest in New Caledonia, a major nickel producer in the southern Pacific, has led to a halt in mining operations and a rally in nickel prices. New Caledonia holds significant nickel reserves, ranking third globally for mined nickel in 2023. The unrest has impacted the industry, with most mines shut down and output reduced, supporting a rally in nickel prices. The territory's nickel sector has struggled due to financial losses, high costs, technical setbacks, and competition from cheaper suppliers like Indonesia. Efforts to attract new investors by selling stakes in companies like Glencore and Prony are ongoing, with potential for interest due to concerns over Indonesia's dominance in the nickel supply chain.
Source: YAHOO
Reported 5 months ago
Adam Wingard will not be returning to direct the Godzilla x Kong sequel due to scheduling conflicts with his upcoming project "Onslaught" for A24. Despite teasing ideas for a sequel during the press tour for "The New Empire," Wingard's commitment to "Onslaught" has caused him to step away from the Monsterverse franchise. Legendary has already hired Dave Callaham to write the follow-up, following the success of "The New Empire," which grossed over $1 billion.
Source: YAHOO
Reported 5 months ago
Nvidia is scheduled to report its Q1 earnings for the 2025 fiscal year, with Wall Street expecting a 9% move in the stock after the earnings call. With a market cap of around $2.3 trillion, Nvidia makes up significant portions of major indices like the S&P 500, Nasdaq 100, and VanEck Semiconductor ETF. The company is a major contributor to earnings growth in the tech sector, and its performance will likely have broader market implications. Wall Street is closely watching Nvidia's earnings report to gauge the impact on the overall market.
Source: YAHOO
Reported 5 months ago
Nvidia's stock surged by 9% to surpass $1,000 after beating earnings forecasts, reporting a 461% increase in adjusted EPS and a 262% rise in revenue compared to the previous year. The company also announced a 10-for-1 stock split and a dividend hike, with a projected revenue of $28 billion for the current quarter. Nvidia's Data Center revenue notably grew by 427%, driven by strong demand for AI applications. The company's stock split and dividend increase align with recent moves by other tech giants like Meta and Alphabet.
Source: YAHOO
Reported 5 months ago
A Citigroup trader in London received 711 warning messages before unintentionally creating a $444 billion basket of stocks, sparking a flash crash that wiped off €300 billion from European stocks on May 2, 2022. The trader mistakenly entered 58 million into the quantity field instead of the intended $58 million, resulting in the erroneous trade. Regulators penalized Citigroup with £61.6 million for the mistake, highlighting risk management lapses and the impact of the fat-finger glitch.
Source: YAHOO
Reported 5 months ago
Wall Street's top analyst has upgraded Shopify to Buy, citing the company's strong position in e-commerce software and projected revenue growth, while also upgrading Kraft Heinz to Overweight due to new innovations driving potential revenue gains. Other upgrades include Stryker, Tandem Diabetes, and Edwards Lifesciences. On the downside, Middleby, Hims & Hers, Generac, Box, and Digi International were downgraded. Initiations include FBN Securities initiating coverage of JFrog, UBS starting coverage of Couchbase and DigitalOcean, Citi reinstating coverage of Aon plc, and UBS initiating coverage of Elastic.
Source: YAHOO
Reported 5 months ago
Nvidia is set to report its first-quarter earnings, with many on Wall Street focusing on the outcome to test the market's strength. The number of AI mentions among companies in various sectors has increased, making details from Nvidia's report influential across multiple sectors. Yahoo Finance Markets Reporter Josh Schafer discusses how Nvidia's earnings can impact sectors beyond AI, including energy and utilities, as the company's performance may have broader implications.
Source: YAHOO
Reported 5 months ago
Amazon is set to launch a revamped AI-powered version of its Alexa voice assistant later this year, with plans to charge a monthly subscription fee to cover technology costs, as reported by CNBC. The subscription for Alexa's enhanced services will not be included in Amazon's Prime membership. The company has been working on a generative AI-powered Alexa version to compete with rivals like OpenAI and Google. Amidst advancements by competitors like OpenAI's GPT-4o and Google's Gemini chatbot, Amazon aims to leverage its Titan large language model for the Alexa upgrade. Apple is also reportedly planning an AI overhaul for its Siri virtual assistant.
Source: YAHOO
Reported 5 months ago
Santander UK's CEO, Mike Regnier, who earns $4.2 million annually, insisted on working from home part-time as a condition for taking the job, unlike JPMorgan and Goldman Sachs CEOs who want staff back full-time. Regnier allows his employees to come to the office twice a week, a policy he negotiated to balance work and family life. He believes this flexibility is crucial for both himself and his staff to serve the bank's 14 million customers effectively. Regnier's stance reflects a growing shift in banking culture towards hybrid work arrangements following recent tragic events involving young traders.
Source: YAHOO
Reported 5 months ago
Knicks star Jalen Brunson had hand surgery after fracturing his left hand during a playoff game against the Indiana Pacers, and will be re-evaluated in six-to-eight weeks. The team also revealed a series of injuries affecting key players like OG Anunoby, Josh Hart, Mitchell Robinson, Bojan Bogdanovic, and Julius Randle, with Bogdanovic also undergoing successful surgery on his left wrist and facing a similar recovery timeline as Brunson.
Source: YAHOO
Reported 5 months ago
A video from the Toledo Zoo showing baby elephant Kirkja being pampered by animal trainers has gone viral, capturing the hearts of viewers. Originally believed to be a male and named Kirk, the zoo later corrected the gender to female and renamed her Kirkja. The video showcases Kirkja enjoying pets and treats from her trainers, highlighting the love and care she receives. Kirkja's development and the bond with her mother, as well as the zookeepers' dedication, are evident in the heartwarming footage.
Source: YAHOO
Reported 5 months ago
Ricky Stenhouse Jr. has been fined $75,000 by NASCAR for throwing a punch at Kyle Busch following the NASCAR Cup Series All-Star Race. Stenhouse's team crew members also received suspensions for their involvement in the altercation. The incident stemmed from a collision between the two drivers during the race, with Stenhouse waiting to confront Busch afterward. NASCAR's response to the incident has sparked debate, with conflicting messages about on-track altercations.
Source: YAHOO
Reported 5 months ago
The 2024 Copa America tournament will be hosted in the USA, featuring all 10 CONMEBOL members and six teams from the CONCACAF region. The tournament will run from June 20 to July 14, 2024, with matches held in various stadiums across the country. This event marks a collaboration between CONMEBOL and CONCACAF, also extending to the women's game with the revamping of the Gold Cup as the 2024 CONCACAF Women's Gold Cup. The USMNT will have to qualify for the Copa America 2024 through the 2023-24 Nations League. This tournament provides a platform for competitive matches between World Cups and occurs at the halfway point to the 2026 World Cup, set to be hosted in the USA, Mexico, and Canada.
Source: YAHOO
Reported 5 months ago
The article discusses high-yield dividend stock options for investors seeking stable income, highlighting Realty Income Corp and AT&T Inc as top picks with yields over 5% and growth rates over 3%. It mentions that Realty Income Corp, a dividend aristocrat, offers monthly dividends with substantial increments, while AT&T Inc is praised for its strong financial outlook and sustainable dividends. Additionally, it suggests considering short-term investment options like Basecamp Alpine Notes from EquityMultiple, which provide a 9% target APY over a 3-month term with a minimum investment of $1,000, offering high liquidity and compounding interest for building a real estate portfolio.
Source: YAHOO
Reported 5 months ago
Jordan Love, the Packers' starting quarterback, signed a two-year deal with the team before his first season, offering an escape clause for the team in 2023 which they did not use as Love performed well. Despite not receiving a contract extension, Love has participated in the team's offseason program but remains uncertain about playing under his current deal for the upcoming season. The situation is ongoing, with time to negotiate before training camp, and Love's presence at OTAs indicates a positive relationship, though questions about his future will persist until a new deal is reached.
Source: YAHOO