Reported 5 months ago
Sabrina Carpenter's "Espresso" is leading the midweek UK chart, but Billie Eilish's "Lunch" is close behind and challenging for the No. 1 spot. Eilish's track is from her album "Hit Me Hard And Soft," which is outselling the rest of the top 5 combined and could give her a third consecutive No. 1. Additionally, two more songs from the same album could potentially make it into the top 10. The Official U.K. Singles Chart will reveal the final rankings later in the week.
Source: YAHOO
Reported 5 months ago
The article discusses Social Security spousal benefits, highlighting that even those who have not worked may be eligible for benefits based on a current or former spouse's record. Spousal benefits can max out at 50% of what the spouse is eligible to receive at full retirement age, and claiming before or after full retirement age can impact the benefit amount. It's recommended to understand Social Security income expectations for retirement, considering other sources of income and potential part-time work.
Source: YAHOO
Reported 5 months ago
Stellantis CEO Carlos Tavares warns of a fierce battle with Chinese electric vehicle manufacturers in the European market, highlighting potential consequences for jobs and production. Tavares criticizes the potential imposition of tariffs on Chinese EV imports to the US and Europe, calling it a "trap" that would lead to restructuring for Western automakers to compete with lower-cost Chinese rivals. He emphasizes the need for governments to address the social and economic impacts of such tariffs and stresses the importance of adapting to the competitive landscape.
Source: YAHOO
Reported 5 months ago
A government-affiliated auto research body expert, Liu Bin from the China Automotive Technology & Research Center, suggested in an interview with China's Global Times newspaper that China should increase import tariffs on large gasoline-powered cars to 25%, in line with WTO rules, to counter higher U.S. auto import duties and potential additional duties to enter the European Union. This adjustment aims to balance domestic and international markets, promote green development, and would impact primarily German carmakers exporting SUVs and sedans to China. The move is seen as a way to support the green transition and differs from protectionist measures observed in other regions.
Source: YAHOO
Reported 5 months ago
Country singer Jelly Roll, known for his recent success and commitment to his health journey, revealed a quirky habit of only wearing socks once to avoid stinky feet due to his weight. Despite feeling it's his most frivolous habit, he joked about it and emphasized the importance of fresh socks. Jelly, who has lost over 70 pounds, shared his fitness routine and lifestyle changes, aiming to lose more weight as he prepares for his upcoming Beautifully Broken tour across the U.S. He recently received multiple nominations at the ACM Awards and won the music event of the year.
Source: YAHOO
Reported 5 months ago
A recent UBS survey of 320 single-family offices worldwide with an average net worth of $2.6 billion revealed that the top concern for global family offices in both the near- and medium-term is major geopolitical conflicts. The survey found that North America and Asia Pacific are expected to become the top destinations for fresh asset allocations. Family offices in Asia Pacific are increasingly turning to active wealth management solutions, focusing on alternative investments like private equity and hedge funds, and shifting towards more defensive geographies due to challenges such as geopolitical risks and climate change.
Source: YAHOO
Reported 5 months ago
The article discusses the hopes within the crypto world for breakthroughs in Washington this week, as the House is set to vote on legislation that could provide regulatory oversight and potentially approve the first exchange-traded funds investing in the cryptocurrency ether. The proposed legislation, known as FIT21, aims to establish the Commodity Futures Trading Commission as a leading regulator of digital assets and enhance consumer protections. However, the bill faces opposition from some Democrats and SEC Chair Gary Gensler has expressed concerns about possible regulatory gaps. Despite potential hurdles, the crypto industry remains optimistic for positive developments.
Source: YAHOO
Reported 5 months ago
Dogs have dewclaws, which are the small digits higher up on the side of their paws that serve various purposes like helping them hold onto items, maintain traction while running, and stabilize their wrists for activities like climbing or swimming. Dewclaws on front paws are generally considered important and should only be removed for medical reasons, while dewclaws on hind legs are less common and may be prone to injury, so removal could be considered. Regular nail trimming and monitoring for any signs of redness or infection are crucial for dewclaw care.
Source: YAHOO
Reported 5 months ago
PJ Washington of the Dallas Mavericks, who recently returned home to Texas in a life-changing trade, reflects on his journey in the NBA. Despite starting his career with the Charlotte Hornets, Washington's love for the game and desire to win has remained unwavering. He has seamlessly integrated into the Mavericks' lineup, showcasing his talents and clutch performances in the postseason. Washington's competitive spirit and passion for winning have propelled him to success, highlighting the importance of finding the right environment and teammates in achieving one's potential in the league.
Source: YAHOO
Reported 5 months ago
Turkey's central bank is expected to maintain its benchmark interest rate at 50% amid projections of inflation reaching around 75% this month, despite having one of the fastest inflation rates globally. Economists predict that rates will start to fall by the end of the year as inflation is anticipated to slow down, with the central bank focusing on alternative tools to keep financial conditions restrictive. Although further rate hikes are not ruled out, a stable lira and improving reserves have supported disinflation, leading to a potential shift towards fiscal adjustments and alternative tightening tools in the future.
Source: YAHOO
Reported 5 months ago
NASCAR fined Ricky Stenhouse Jr. $75,000 for his role in sparking a brawl with Kyle Busch after the All-Star Race, with two crew members suspended from the No. 47 JTG Daugherty Racing team. Stenhouse punched Busch, leading to a post-race altercation, resulting in multi-race suspensions for the crew members and an indefinite suspension for Stenhouse’s father, Richard Stenhouse, for violations of the NASCAR Member Code of Conduct. Additionally, penalties were issued in the Craftsman Truck Series, including a one-race suspension for a crew member and a fine for a crew chief, as well as an indefinite suspension for Rowan Mason for a behavioral violation related to the Substance Abuse Policy.
Source: YAHOO
Reported 5 months ago
ADNOC, the United Arab Emirates' main oil company, has agreed to acquire a 10% stake in a natural gas project in Mozambique from Galp Energia SGPS SA for $650 million, with potential additional payments of up to $500 million. This move marks ADNOC's second significant deal of the week as part of its global expansion strategy. The agreement gives ADNOC a share in the LNG supply, aligning with its future growth plans. Additionally, this acquisition reflects the UAE's efforts to increase its influence in Africa, following previous investments in Egypt and other regions.
Source: YAHOO
Reported 5 months ago
Rakuten and eBay have partnered to test the demand in the United States for used Japanese fashion goods, taking advantage of the yen's low value and a growing trend in bargain hunting. The collaboration involves eBay listing selected goods from Rakuten's second-hand unit Rakuma for sale on its platform, with a Rakuten-contracted vendor managing shipping and customer service in the U.S. The trial initially focuses on used fashion and accessories, leveraging Japan's reputation for well-maintained luxury items. If successful, the goal is to expand offerings to more countries beyond the U.S.
Source: YAHOO
Reported 5 months ago
BHP's bid for Anglo American highlights the increasing interest in energy transition metals like copper among miners, as they face the need to secure new projects or risk falling behind, according to investors and mining CEOs. The bid is expected to spark more M&A activity in the sector, driven by a preference for acquisitions over new developments due to rising costs. Investors anticipate heightened competition for copper assets as prices climb, with opportunities also emerging in lithium and nickel despite market challenges.
Source: YAHOO
Reported 5 months ago
Toad the Wet Sprocket celebrates the 30th anniversary of their album 'Dulcinea' by heading out on tour this summer, expressing a preference for a less tech-filled era and a dislike for social media's noise. The band, known for hits like "Fall Down" and "All I Want," reflects on their legacy and approach to social commentary, acknowledging the challenges of aging while preparing for upcoming tour dates with bands like Counting Crows and Barenaked Ladies. Despite some health concerns, the band remains focused on enjoying their time together and engaging with their audience.
Source: YAHOO
Reported 5 months ago
Global nickel prices have surged following violent unrest in New Caledonia, a major global producer of nickel, which is crucial for electric vehicle batteries, solar panels, and steel production. The protests erupted after French lawmakers approved changes allowing long-term residents to vote in provincial elections, sparking fears among pro-independence Indigenous Kanaks. New Caledonia holds 20-30% of the world's nickel reserves, and disruptions in supplies due to the unrest, combined with sanctions on Russian metals, have driven global nickel prices above $20,000 per ton. This increase in prices, exacerbated by a 45% drop in global nickel prices last year, is impacting consumer goods prices and could lead to broader inflationary pressures.
Source: YAHOO
Reported 5 months ago
Despite Shohei Ohtani's standout performance with two hits, stolen bases, and timely baserunning, the Los Angeles Dodgers failed to capitalize, ultimately losing 7-3 to the Arizona Diamondbacks. Ohtani's efforts were not enough to offset the lackluster pitching of Gavin Stone and the team's struggling lineup, resulting in their fifth loss of the month. While Ohtani's contributions stood out, other Dodgers players like Mookie Betts and Freddie Freeman failed to perform, leaving Ohtani to carry much of the load in the defeat.
Source: YAHOO
Reported 5 months ago
Japanese bank Norinchukin, known as one of the nation's largest institutional investors, plans to raise 1.2 trillion yen ($7.7 billion) of capital and restructure its overseas investment portfolio after facing significant losses on its bond holdings. The bank's losses due to rising interest rates have surged to 2.2 trillion yen as of March 2024, compared to 1.7 trillion yen a year earlier, leading to an expected loss of at least 500 billion yen for the fiscal year. Norinchukin aims to sell off US and European sovereign bonds, consider domestic government bonds, and explore opportunities in bonds, credit, and equity to recover from the fallout. They also plan to increase project financing overseas and focus on generating revenue from asset management to address their financial challenges.
Source: YAHOO
Reported 5 months ago
Citigroup Inc. has been fined £61.6 million ($79 million) by UK regulators for operational failures following a London trader's erroneous trade that triggered a flash crash in European stocks in 2022. The Financial Conduct Authority found that Citigroup's systems were inadequately designed and its real-time monitoring was ineffective, allowing the erroneous trade to proceed. The trader's mistake led to a $444 billion basket of equities being created instead of the intended $58 million one, resulting in $1.4 billion in equities being sold across European exchanges. Citigroup agreed to settle the claims, acknowledging the deficiencies in its controls.
Source: YAHOO
Reported 5 months ago
UK inflation fell to 2.3% in April, moving closer to the Bank of England's 2% target. The decrease was driven by lower energy costs, with core inflation also dropping to 3.9%. The decline in inflation may not be enough to prompt an immediate interest rate cut by the Bank of England, as some market expectations for a rate cut in June have been scaled back. The government sees the drop in inflation as a positive sign for the economy, with Chancellor Rishi Sunak mentioning that "brighter days are ahead" if the economic plan is followed.
Source: YAHOO
Reported 5 months ago
Bank of America remains optimistic about the Indian rupee despite increasing market volatility due to the ongoing elections in the country. The bank's strategists believe that the rupee has been stable with low realized volatility, indicating expectations that the central bank will protect the currency from drastic fluctuations post-election results. The article mentions concerns over lower voter turnout impacting Prime Minister Modi's party's chances of re-election, with results expected on June 4. Bank of America sees potential for the rupee to appreciate by 1%-1.5%, and they have utilized a one-touch downside option on USD/INR to reflect this positive market sentiment.
Source: YAHOO
Reported 5 months ago
Asian shares were mixed with Japan's Nikkei 225 up 1.1% after Nvidia's soaring earnings boosted investor sentiment, while Australia's S&P/ASX 200 fell 0.5% and South Korea's Kospi added 0.2%. Hong Kong's Hang Seng dropped 1.3% and the Shanghai Composite declined 1.0%. Wall Street indexes retreated from records due to concerns about high interest rates, with the S&P 500 falling 0.3% and the Dow Jones Industrial Average sinking 0.5%. The Federal Reserve's minutes indicated a possible rate hike if inflation worsens, impacting market expectations.
Source: YAHOO
Reported 5 months ago
Professional butchers recommend avoiding purchasing ground beef and poultry, 'fresh' fish and seafood, aged beef, bone-in meat cuts, and pâté, terrine, and organ meats from grocery stores due to concerns about quality, freshness, contamination risks, and proper aging processes. Specialty butcher shops are highlighted as offering superior products sourced from smaller vendors, with more precise cuts and better attention to detail compared to supermarket options. Additionally, the article emphasizes the benefits of purchasing these types of meat from butchers to ensure higher quality and taste.
Source: YAHOO
Reported 5 months ago
UK regulators have fined Citigroup £61.6 million ($78.5 million) for control failings in its trading operations, with one of the biggest sanctions ever for system breaches that led to a sudden drop in European stocks. The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) fined Citigroup for failings between April 2018 and May 2022, with the most significant incident being a $444 billion order mistaken for $58 million in May 2022, causing $1.4 billion in mistaken sell orders. Despite repeated warnings to improve controls, Citigroup's electronic trading system generated erroneous orders due to primary control failings, resulting in the substantial fine.
Source: YAHOO
Reported 5 months ago
UK inflation dropped to 2.3% in April, the lowest level in nearly three years, as reported by the Office for National Statistics. This decrease, down from 3.2% in March, brings inflation closer to the Bank of England's 2% target and may prompt a rate cut from the current 5.25%. Despite this positive development, the ongoing cost of living crisis persists, with prices still rising albeit at a slower pace. The economy is showing signs of growth, following aggressive interest rate hikes by central banks globally in response to supply chain issues and geopolitical events.
Source: YAHOO