Reported 6 months ago
Big developments for Apple and Nvidia are just days away. Apple's annual Worldwide Developers Conference (WWDC), starting June 10, may introduce major artificial intelligence (AI) capabilities, while Nvidia is set to conduct a 10-for-1 stock split on June 7. Speculation suggests Apple's new AI tools could initiate a multiyear iPhone upgrade cycle, and Nvidia's split might attract more investors. Although short-term spikes are possible, the focus should be on the long-term prospects, with Apple potentially leading in edge AI and Nvidia maintaining its dominance in the AI chip market. The Motley Fool advises caution in buying solely based on upcoming events, encouraging investors to consider the stocks' long-term potential.
Source: YAHOO
Reported 6 months ago
As former President Donald Trump navigates a perilous legal path through 2024, a New York jury has found him guilty of 34 felonies, leading to coast-to-coast campaigning while juggling multiple criminal cases. His legal battles include facing trumped-up charges in Florida, fueling the Capitol riots case in DC, and being entangled in a Georgia election challenge case. The article details Trump's upcoming critical timeline, from meeting his probation officer to attending a Manhattan sentencing hearing, with potential implications on his second White House bid.
Source: YAHOO
Reported 6 months ago
Despite the tech bear market of 2022 being in the past, some tech stocks like Roblox and Pinterest are still down significantly from their highs. Roblox, a user-created online gaming platform, is down 77% from its peak but has shown promising user engagement and sales growth. Meanwhile, Pinterest, a social-media company, is down 54% from its peak but has seen revenue and user growth, making it a potential buy with room for expansion and improved monetization.
Source: YAHOO
Reported 6 months ago
Swiss financial regulator FINMA wants to enhance its powers by being able to publicly name and shame banks that violate its regulations. The CEO, Stefan Walter, believes that publicizing enforcement proceedings would have a disciplinary effect and demonstrate the effectiveness of supervision. FINMA also seeks a senior managers regime to assign responsibility to individuals and ensure accountability. These proposed changes come after criticism over the handling of Credit Suisse's collapse, with UBS expressing concerns about potential regulation adjustments.
Source: YAHOO
Reported 6 months ago
Bank of America suggests that the technology sector's long-standing dominance over the stock market might come to an end due to the following four reasons: narrowing earnings growth differentials between tech and non-tech companies, potential for higher and sustained interest rates, current economic cycle favoring cyclical leadership over growth stocks, and the possibility that the long-term beneficiaries of AI might shift outside of the tech sector.
Source: YAHOO
Reported 6 months ago
The Asian market experienced a selloff in Indian stocks due to the possibility of a narrower victory for Prime Minister Narendra Modi, impacting the broader market. The top 10 losers on the MSCI Asia Pacific Index are all from India, including state-run companies and Adani group units. The slim victory for Modi's coalition raises concerns about reform implementation, potentially deterring foreign investors amidst high valuations.
Source: YAHOO
Reported 6 months ago
Asian shares traded mixed as Japan's Nikkei 225 dropped 1%, while Australia's S&P/ASX 200 edged up, and South Korea's Kospi jumped. Recent data on wage growth in Japan could impact interest rates, with Wall Street hoping for a slowing US economy to control inflation. Treasury yields fell as job openings declined, sparking expectations for rate cuts. Concerns about a recession affecting corporate profits led to declines in oil prices and related stocks, while smaller companies and certain dividend-paying and tech stocks fared better.
Source: YAHOO
Reported 6 months ago
Strong economic data and vocal European Central Bank hawks are causing some analysts and investors to reconsider their expectations for interest-rate cuts, as sticky inflation, wage growth, and robust euro-zone output may constrain monetary easing. While a rate cut is still expected this month, with subsequent reductions anticipated, concerns remain about cutting too aggressively due to signs of economic resilience, inflation pressures, and uncertainty influenced by US factors. Both economists and markets are adjusting their forecasts, with some predicting fewer cuts and a more cautious approach for the rest of the year.
Source: YAHOO
Reported 6 months ago
午時水是端午節當天中午取的水，除了吃粽子、立蛋、掛艾草外，是端午節的傳統習俗之一。午時水適合在上午11時至下午1時取，具有招財、改運等神奇功效，製作方式簡單，可配合不同用法使用，如招財運、淨屋、淨身、泡澡、飲用等。然而，喝午時水有禁忌，適合屬鼠、馬的人要注意。已使用過的午時水可倒進花盆或水槽，但切忌倒在廁所。
Source: YAHOO
Reported 6 months ago
A.P. Moller-Maersk A/S announced that disruptions in the Red Sea are having a more significant impact on global supply lines than previously anticipated, leading to increased freight rates and an improved profit outlook. The company has raised its profit forecast as the disruptions, causing congestion and diverting ships away from the Suez Canal, are expected to strengthen its financial performance in the second half of 2024. Maersk also highlighted escalating port congestion in Asia and the Middle East, contributing to soaring rates, with market demand remaining strong.
Source: YAHOO
Reported 6 months ago
Sony Pictures will be shooting their untitled shark movie, directed by Tommy Wirkola, in Melbourne, Australia starting in July. Starring 'Bridgerton' actress Phoebe Dynevor, the production will benefit from Victoria state's Victorian Screen Incentive financing package, injecting A$30 million into the economy and creating job opportunities. The film is produced by HyperObject Industries, written and directed by Wirkola, and will utilize Melbourne's Docklands Studios. Further plot, title, and casting details are yet to be revealed.
Source: YAHOO
Reported 6 months ago
The documentary 'No Contract, No Cookies: The Stella D’Oro Strike' tells the story of Stella D’Oro bakery workers fighting against unfair working conditions and wage cuts after a private equity firm acquisition. Available for streaming on HBO Max, this inspiring film showcases the workers' unity in demanding better treatment and fair wages, shedding light on their courageous battle for workers’ rights.
Source: YAHOO
Reported 6 months ago
A woman writes to Dear Abby about giving her daughter and son-in-law over $400,000 in down-payment money over 12 years, much of it given secretly from her husband. Despite ongoing financial support, the daughter asks for more money and then sets strict boundaries on their relationship. After the mother reveals her deceit to her husband and decides to stop the monthly contributions, her daughter cuts off all contact, leaving the mother devastated and seeking counseling. Dear Abby advises the mother to prioritize her emotional well-being and not blame herself for the situation.
Source: YAHOO
Reported 6 months ago
Enzo Maresca, the new head coach at Chelsea, exemplifies the trend of former members of Pep Guardiola's coaching staff landing significant managerial positions, showcasing the influence and success associated with working under Guardiola. This pattern extends beyond Maresca to other managers in the Premier League, such as Erik ten Hag and Luis Enrique, highlighting Guardiola's impact on football's coaching landscape. The City Football Group's wide-reaching influence is also evident, with its alumni now making their mark on European football, underscoring the significant role Guardiola and his coaching philosophy play in shaping the managerial landscape.
Source: YAHOO
Reported 6 months ago
Swiss inflation remained steady at a high level in 2024, potentially affecting the Swiss National Bank's decision on interest rate cuts. Consumer prices rose by 1.4% in May, matching economist expectations, with factors like rent, package holidays, and petrol contributing to the increase. While the SNB anticipates a 1.4% average for the second quarter, the central bank may hold off on a rate cut due to strong economic growth and a franc depreciation. However, the currency strengthened against the euro and dollar in May, after hawkish comments from SNB President Thomas Jordan. Despite Switzerland's low inflation compared to the euro area, SNB could intervene by selling foreign exchange to counteract the softer franc.
Source: YAHOO
Reported 6 months ago
Asian shares traded mixed as investors evaluated recent data showing a slowing U.S. economy. Japan's Nikkei 225 dropped 1.0%, Australia's S&P/ASX 200 rose 0.3%, South Korea's Kospi surged 1.2%, Hong Kong's Hang Seng increased 1.2%, and the Shanghai Composite dipped slightly. Analysts noted that Japan's wage growth data may prompt the Bank of Japan to raise interest rates. Wall Street hopes for a slowdown to control inflation, while bond yields fell after a report revealed fewer job openings. Concerns about a contracting U.S. manufacturing sector have affected oil prices and led to losses in oil-and-gas stocks. The Russell 2000 index and cyclically sensitive companies experienced declines, while dividend-paying stocks and certain Big Tech stocks posted gains.
Source: YAHOO
Reported 6 months ago
Deutsche Bank has teamed up with Bitpanda to facilitate customer deposits and withdrawals for the Austrian crypto broker, marking a move towards increased mainstream financial integration in the crypto industry. This partnership allows Bitpanda users in Germany to access local bank account numbers via Germany's largest bank for fiat currency transactions. Deutsche Bank's global head of cash management emphasized a 'cautious' approach and strict compliance processes when choosing partners, with the goal of becoming the preferred bank for virtual asset investing platforms.
Source: YAHOO
Reported 6 months ago
Source: BARRONS
Reported 6 months ago
Vietnam's central bank has lent a total of $24.5 billion to Saigon Joint Stock Commercial Bank (SCB) to rescue depositors, amounting to 6% of Vietnam's 2023 GDP, after the lender faced financial fraud issues. The central bank has been providing significant financial support to SCB since October 2022, with daily injections detailed to track fund usage. The bank's troubles highlighted financial supervision challenges in Vietnam, leading to an increase in money supply, contributing to inflation concerns.
Source: YAHOO
Reported 6 months ago
一篇故事描述了作者在成為母親後，對「媽媽朋友」的觀點和體驗。起初認為媽媽朋友僅是便利而不是真正的連結，但多年後發現這些媽媽朋友已成為最親密的朋友。他們之間的關係不僅是因為共同的環境所形成，而是因為時間的累積。作者分享了和這些朋友建立深厚友誼的過程，並表達了對友誼和未來的思考。
Source: YAHOO
Reported 6 months ago
Mark Vientos, recently called up from Triple-A Syracuse, impressed with his hitting skills for the Mets, contributing to their win against the Nationals with his fifth season home run. Manager Carlos Mendoza praised Vientos' discipline and approach at the plate. In the same game, newly added Jose Iglesias and Luis Torrens also made significant contributions. Meanwhile, pitcher Tylor Megill struggled with command issues but managed to overcome challenges and deliver a tough performance on the mound.
Source: YAHOO
Reported 6 months ago
Yahoo Travel Expert Special Feature | June 3, 2024, 9:00 PM The world's first 'Frozen' themed 'Frozen' area, which opened on November 20, 2023 at Hong Kong Disneyland! The article provides a detailed guide on exploring the Frozen world with highlights on attractions, experiences, dining, and accommodation, as well as must-visit spots like the 'Frozen' themed rides, character meet-ups, desserts at the Aurora Candy House, and the nighttime light show. It emphasizes the importance of early park entry passes and tips for a seamless and enjoyable visit.
Source: COM
Reported 6 months ago
South African assets are rebounding as investors anticipate a market-friendly government emerging from upcoming coalition talks, causing the rand to surge by 1.6% after the ruling African National Congress failed to secure a majority for the first time in 30 years. Speculations include potential alliances with various parties, with the Democratic Alliance seen as a favorable scenario for financial markets. Despite uncertainties, the ANC aims to maintain investor confidence and economic policy continuity in selecting a coalition partner.
Source: YAHOO
Reported 6 months ago
T.J. Simers, a former columnist for the Los Angeles Times, known for his provocative and controversial writing style, passed away at the age of 73 due to a brain tumor. Over his 23-year career at the newspaper, Simers developed a reputation for polarizing opinions, engaging in confrontations with sports figures, and stirring up controversy in his columns. Despite his abrasive approach, his work attracted a dedicated readership, but in 2013, a dispute with the newspaper's editors led to his resignation and subsequent legal battles. Simers eventually shifted his focus to his family and supporting children's healthcare initiatives.
Source: YAHOO