Reported 6 months ago
Creditors led by HPS Investment Partners filed involuntary Chapter 11 cases in Delaware against Neuron Fuel Inc., Epic! Creations Inc., and Tangible Play Inc., affiliated with Byju’s Alpha, claiming financial distress and funds being siphoned off. Byju’s plans to contest the case, citing premature filing, while lenders dispute ownership of debt. Byju’s, once a $22 billion startup, is embroiled in court battles with creditors over debt restructuring and disputed funds of $533 million. The company and lenders are entangled in legal disputes concerning debt defaults and control of assets.
Source: YAHOO
Reported 6 months ago
Mark, a retiree at 65, amassed over $2 million in retirement savings by maximizing his 401(k) contributions and benefiting from steady employment, low living expenses, and delaying parenthood. He advises saving early, leveraging Roth accounts, and maintaining consistent contributions. Mark believes in the importance of 401(k) savings, despite the shift away from pension plans, and suggests taking advantage of existing benefits like index funds and Roth accounts for retirement planning.
Source: YAHOO
Reported 6 months ago
Los Angeles Rams四分衛Matthew Stafford想要新合約，但這不會讓他缺席Rams的季後賽。主教練Sean McVay表示Stafford將出席下週的迷你訓練營。儘管Stafford已經參加了自願工作，但McVay表示Rams和Stafford尚未達成一致意見。Stafford可以拒絕上場以謀取新合約，但顯然他不會這麼做。
Source: YAHOO
Reported 6 months ago
Johnson & Johnson (J&J) has submitted applications for expanded approval of its HIV-1 therapy, PREZCOBIX (darunavir/cobicistat), in children aged six years and above. The company is seeking approval for use in pediatric patients weighing a minimum of 25kg, with applications filed in the US and Europe. A new pediatric formulation with a lower dose tablet has been developed, supported by clinical study data, to offer a treatment option for young people with HIV.
Source: YAHOO
Reported 6 months ago
Starting from now until July 31, the Ali Mountain Guesthouse, the top healing choice at the highest altitude forest in Taiwan, is offering the 'Sunrise Special' package. Guests who rise early to watch the sunrise can enjoy an 12% discount on room rates, including a stay with two meals, a buffet breakfast, and dinner. Depending on the reserved room type and number of guests, guests will also receive round-trip tickets on the Sunrise Express Train, creating a relaxing travel pace. The Ali Mountain Guesthouse, with its century-old history and unique retro ambiance, is located within the Ali Mountain National Forest Recreation Area, offering an unbeatable view platform and welcoming guests who wish to have a top-tier experience. For reservations and more details, please contact 05-2679811 or book online at https://ppt.cc/fFTyPx.
Source: YAHOO
Reported 6 months ago
Australia’s online safety watchdog has decided to drop her Federal Court case against X Corp. in trying to remove a video of a Sydney bishop being stabbed. However, the eSafety Commissioner, Julie Inman Grant, will continue legal action in the Administrative Appeals Tribunal against the platform, formerly owned by Elon Musk. Inman Grant faced online attacks and doxxing due to the legal action, which Musk welcomed, stating 'Freedom of speech is worth fighting for.'
Source: YAHOO
Reported 6 months ago
As the Dragon Boat Festival approaches, the Tourism Bureau released the latest hotel accommodation occupancy rates across various counties and cities in Taiwan, revealing that 16 counties and cities have occupancy rates below 50%. Hualien, severely affected by earthquakes, is at a mere 12.07%. Despite this, the overall average occupancy rate in Taiwan two days before the holiday period was 45.15%. The Bureau attributed the lower confidence in Hualien tourism to recent aftershocks and incomplete transportation services, but is hopeful that promotional efforts and collaborative events will help rebuild trust and gradually increase the booking rates.
Source: YAHOO
Reported 6 months ago
The Australian crime thriller series 'Scrublands' has been renewed for a second season, featuring Luke Arnold and Bella Heathcote in the lead roles. Set in Western Australia, the new season follows investigative journalist Martin Scarsden as he returns to his hometown to unravel a murder mystery involving his partner, Mandy Bond. The show is directed by Ben Young and based on the best-selling novel 'Silver' by Chris Hammer, with a star-studded ensemble cast including Luke Carroll, Debra Lawrance, and David Roberts among others.
Source: YAHOO
Reported 6 months ago
Business activity in the Euro zone expanded at its quickest rate in a year in May, with the services sector leading the growth while manufacturing contracted, according to the Purchasing Managers' Index (PMI) by S&P Global. The composite PMI rose to 52.2 in May, its highest since May 2023, indicating positive growth in the Euro zone for the third consecutive month. Optimism about the future led to an increase in hiring by services firms, although price pressures eased slightly. The positive outlook is expected to support economic growth in the second quarter.
Source: YAHOO
Reported 6 months ago
As Nvidia prepares for a 10-for-1 stock split, uncertainty looms over whether billionaire investors are increasing their stakes in the company. While recent regulatory disclosures do not provide a clear answer, some wealthy investors have reduced their positions in Nvidia. The impending split may not significantly impact experienced investors, who understand the nuance of stock splits and the availability of fractional share trading. However, potential inclusion in the Dow Jones Industrial Average could attract billionaire interest. Despite the split, Nvidia's recent strong performance and innovative products like the Blackwell platform also make it an appealing choice for growth investors.
Source: YAHOO
Reported 6 months ago
The Indonesian rupiah has dropped to its lowest level in four years, triggering Bank Indonesia to provide support for the currency. The central bank intervened in the markets to stabilize the currency, which experienced a decline due to unwinding emerging-market carry trades. BI's efforts aim to maintain stability amidst foreign outflows and market volatility, with the currency expected to stabilize and potentially strengthen in the future, subject to factors like US economic data and dollar movements.
Source: YAHOO
Reported 6 months ago
Tamia and Tim Woods, a couple from Ohio, tragically lost their 17-year-old son after he fell victim to a sextortion scam on Instagram, receiving over 200 messages within 19 hours. The parents, now advocates for raising awareness on sextortion, revealed the dangers of this growing online crime affecting children and adults. They founded the James Woods Foundation to combat not only sextortion but also issues like rape, molestation, harassment, cyberbullying, and suicide, aiming to protect vulnerable youth and prevent such tragedies.
Source: YAHOO
Reported 6 months ago
Caitlin Clark, the rookie of the month for the WNBA, is facing immense pressure and hard fouls in her debut season with the Indiana Fever. Despite high expectations from her collegiate stardom, Clark's aggressive playing style has sparked debates and controversies, with fans accusing the league of targeting her. The intense scrutiny and physicality she faces are considered part of the initiation process for young stars in sports, as seen historically with other celebrated athletes. Clark, accepting the challenges and hits as part of the game, continues to navigate her path in the league with resilience.
Source: YAHOO
Reported 6 months ago
When it comes to travel, some enjoy planning their trips while others find it daunting, with not every tour meeting their needs. Thanks to technology and AI, many online travel operators are incorporating AI artificial intelligence into their systems to help consumers plan their trips more easily and conveniently. For instance, Booking.com's AI trip planner engages in natural language conversation with users to gather information like group size, preferences for attractions, and more, to recommend suitable destinations, reducing the time spent on researching and choosing. In the future, Booking.com hopes for an all-in-one AI trip planner service that includes itinerary planning and booking services. Google Maps has also introduced AI-related features, utilizing large language models to provide tailored suggestions based on user preferences and reviews for places of interest, aiding in quicker searches and enabling users to save places of interest for future visits. Though these features are not yet available in Taiwan, they have the potential to significantly change travel habits and minimize travel mishaps.
Source: YAHOO
Reported 6 months ago
LondonMetric Property PLC is set to replace Ocado Group PLC in the FTSE 100 Index after a six-year period. The reshuffle is based on market capitalizations, with LondonMetric's market cap exceeding £4.2 billion ($5.4 billion) leading to its promotion. Ocado is expected to move to the FTSE 250 along with St. James’s Place PLC. The official announcement of this quarterly rebalancing will take place after European markets close on Wednesday.
Source: YAHOO
Reported 6 months ago
Taipei's Regent Hotel invites the only three-starred chef from the 'Seoul Michelin Dining Guide 2023,' MOSU Seoul's head chef Ahn Seung-jai, to Taiwan to showcase creative dishes on a Western teppanyaki grill from June 27 to 29, with reservations now open. Chef Ahn Seung-jai, who trained under Korean-born three-starred chef Corey Lee, will present a menu blending Western creativity with Korean classics, using 80% local Taiwanese seasonal seafood and engaging with diners at Robin's Teppanyaki at the Regent Hotel. The unique dining experience is priced at NT$16,800 per person and includes selected wine pairings.
Source: YAHOO
Reported 6 months ago
Volvo Cars reported a 13% increase in sales to 68,034 cars in May, with a 27% rise in Europe and success of the fully electric EX30 model. Sales of electric and plug-in hybrid vehicles increased by 37%, accounting for 48% of global sales. Despite a 5% drop in the US and 1% in China, the Swedish company's aim to have electric vehicles make up 50% of sales by mid-decade and be all-electric by 2030 remains on track.
Source: YAHOO
Reported 6 months ago
台灣富士康，世界最大的代工電子製造商和蘋果最大的iPhone裝配廠商，週三報告稱，5月份收入同比增長22.1％，達到月度歷史新高。公司表示，由於人工智慧伺服器需求高於預期，第二季度的可見度預計將超過預期，儘管未提供具體數字指引。
Source: YAHOO
Reported 6 months ago
Billionaire investors are investing in top AI stocks such as Nvidia, Alphabet, and Microsoft. Nvidia is favored for its AI chips and strong financial performance, with its stock price soaring. Alphabet leverages AI to enhance its services like Google and YouTube, leading to revenue growth and substantial free cash flow. Microsoft heavily invests in AI across its services and Azure platform, resulting in significant revenue growth and future-focused initiatives like quantum computing. The article discusses whether it makes sense for retail investors to follow suit and invest in these AI-focused companies.
Source: YAHOO
Reported 6 months ago
The stock market today sees tech gains pushing the S&P 500 and Nasdaq composite towards record highs. While the Dow Jones lags, tech companies like Hewlett Packard Enterprise and Nvidia drive the market higher. Despite Dollar Tree's setback, reports on U.S. services sector growth and slower price increases are offsetting concerns over economic slowdown. The bond market remains steady, with expectations of rate cuts by the Federal Reserve. Market movements abroad include rising European indexes and falling Asian stocks.
Source: YAHOO
Reported 6 months ago
Evangeline Lilly, known for her role in 'Lost' and as Hope Van Dyne in the Marvel Cinematic Universe, has announced she is ready to leave acting for now. In an Instagram post, Lilly expressed her contentment and joy in stepping away from the industry for a new season, stating she might return one day but feels fulfilled in her decision. This decision comes after her recent role in 'Ant-Man and The Wasp: Quantumania'.
Source: YAHOO
Reported 6 months ago
The heavyweight division sees Oleksandr Usyk as the undisputed champion after defeating Tyson Fury and Anthony Joshua. Usyk-Fury rematch is set for December, with uncertainty over the undisputed title. Deontay Wilder's future is in question after recent defeats, with retirement a possibility. Meanwhile, Joshua is on a winning streak and may face Daniel Dubois next. Exciting match-ups ahead for British heavyweight prospects like Joe Joyce and Fabio Wardley, with a focus on potential world title fights and rising stars in the division.
Source: YAHOO
Reported 6 months ago
Source: BARRONS
Reported 6 months ago
At the Bloomberg Wealth summit in Hong Kong, geopolitical risks were a significant topic of discussion following India's recent election results. Wealthy investors expressed concerns over escalating tensions globally, highlighted by UBS Group AG to Hang Lung Group Ltd. Geopolitics ranked as the top risk by family offices in a recent UBS survey. Amidst market reactions in India and Mexico, the focus on managing political risk continues, with some turning to gold investments. Speakers emphasized the need for financial preparedness and distinguishing between short-term politics and long-term economic factors.
Source: YAHOO
Reported 6 months ago
Apollo Global Management's Scott Kleinman predicts that the company will engage in more agreements similar to the $11 billion joint venture with Intel Corp., as businesses seek innovative ways to meet their increasing capital needs. Kleinman mentioned at the SuperReturn International conference that the demand for capital is substantial due to advancements in technology, diversification, and the energy transition, emphasizing the role of private credit in fulfilling these requirements. Apollo, a major alternative asset manager with plans to double its private credit origination to $200-$250 billion, is focused on contributing to companies across various sectors to address their funding necessities amidst challenging dealmaking conditions in the private equity industry.
Source: YAHOO