Reported 6 months ago
Source: WSJ
Reported 6 months ago
Following Claudia Sheinbaum's historic win as Mexico's first female president, exchange-traded funds tracking Mexican equities saw significant declines as investors fretted over potential constitutional changes due to her party's strong majority in Congress. The iShares MSCI Mexico ETF and Franklin FTSE Mexico ETF both experienced their largest drops in over four years, while the Mexican peso also weakened by over 4% against the U.S. dollar. Experts warn that the ruling party's supermajority could lead to far-reaching legal and constitutional reforms, impacting the country's political landscape.
Source: YAHOO
Reported 6 months ago
Cofco International Ltd., the trading arm of China’s largest food company, is exploring options, including selling its Chicago grain terminal, the last of its kind in the city. The facility, located in the southern part of Chicago, is not as efficient as before, and a potential sale would follow Cofco's relocation from downtown Chicago to the suburbs due to high costs and crime. This move comes after the company sold its Milwaukee facility last year, with the Chicago terminal remaining a delivery point for commodities traded on the CBOT.
Source: YAHOO
Reported 6 months ago
The Washington Post is undergoing turmoil after the sudden exit of executive editor Sally Buzbee and a hastily announced restructuring plan aimed at halting a decline in readership. The plan involves dividing the newsroom into three separate divisions with a focus on core news reporting, opinion pieces, and attracting new consumers through innovative uses of social media, video, artificial intelligence, and sales. The changes, led by publisher Will Lewis, have sparked surprise and concern among staff members and media observers, as the Post grapples with financial losses and shifting reader habits amidst a changing media landscape.
Source: YAHOO
Reported 6 months ago
At a computing conference in Taipei, the CEOs of Nvidia Corp. and Advanced Micro Devices Inc. introduced new generations of chips for AI development, intensifying their rivalry in the AI sector. Nvidia emphasized its dominance in accelerators for generative AI services, while AMD focused on designing neural processors for laptops. The back-to-back presentations highlighted the importance of AI technology in shaping industries and creating innovative devices, with both CEOs, who are both Taiwanese and distant relatives, vying for leadership in the AI market.
Source: YAHOO
Reported 6 months ago
Chicago Sky's Chennedy Carter and Angel Reese have addressed the controversial foul on Indiana Fever's Caitlin Clark, with Carter expressing 'no regrets' and Reese willing to 'take the bad guy role.' The Sky's head coach emphasized the team's commitment to growth and setting a positive example, while Reese was fined for skipping media interviews and both players faced scrutiny for their actions during the game. The Sky's next game is against the New York Liberty on Tuesday night.
Source: YAHOO
Reported 6 months ago
A Michigan man's viral Zoom court hearing story, where it seemed he drove with a suspended license, swept the internet but was later revealed to be based on a falsehood. The man's license had been reinstated years prior, and the suspension was due to a clerical error. Despite the story attracting national media attention, it highlights how social media virality does not always equate to newsworthiness, with outlets often prioritizing clicks over accuracy, impacting individuals like the man in the story.
Source: YAHOO
Reported 6 months ago
US stocks experienced mixed results on Monday as the Nasdaq Composite rose by approximately 0.6%, the S&P 500 increased by about 0.1%, and the Dow Jones Industrial Average fell by over 100 points or around 0.3%. A weaker-than-expected reading on the manufacturing sector impacted the major averages, with investors debating future Fed rate cuts. Bond yields also declined, with the 10-year Treasury yield falling by about 11 basis points. Meanwhile, GameStop shares surged over 100% after a Reddit post speculated a resurgence in meme stock rally, while AMC's shares also rose significantly. GME shares were halted briefly due to volatility but eventually settled around a 20% gain, with AMC closing up about 10%.
Source: YAHOO
Reported 6 months ago
The College Football Enquirer podcast discusses the possibility of the NCAA allowing corporate logos on jerseys and football fields, potentially bringing in substantial revenue for schools. The NCAA's Playing Rules Oversight Committee is set to discuss and potentially approve schools to display corporate logos on football fields, with proposals including multiple sponsor areas on the field. The move is seen as a strategy for schools to generate significant revenue and catch up with financial demands in college athletics.
Source: YAHOO
Reported 6 months ago
據華爾街日報報導，E*Trade考慮通知迷因股票推手Keith Gill，由於最近在購買GameStop股票引發潛在的股票操縱疑慮，他可能不能再使用其平台。Gill在五月份重新點燃了迷因股票狂熱之前在E*Trade上購買了大量GameStop期權，這使GameStop股價在星期一跳升約30%。
Source: YAHOO
Reported 6 months ago
Best Buy（BBY）從Citigroup獲得了從賣出上看買入的雙重評級提升，將其目標價格從67美元提高至100美元。該分析師指出這次評級的背後動機是該零售商的毛利率執行，認為這是一個催化劑，即使同店銷售存在風險。Josh Lipton和Julie Hyman討論了Best Buy前景中潛在的多年機會。欲瞭解更專家見解和最新市場動態，請點擊這裡觀看Market Domination的完整集。
Source: YAHOO
Reported 6 months ago
BuzzFeed shares tips from Reddit users and the BuzzFeed Community on unique ways to re-purpose leftover ingredients that are often thrown away. Ideas include using pickle juice for chicken marinade, making bread pudding from bread heels, utilizing pea pods for soup, turning vegetable scraps into pasta sauce, and more. From making pineapple peel tea to using cheese rinds in soups, these creative strategies aim to minimize food waste and maximize flavor.
Source: YAHOO
Reported 6 months ago
The Dow Jones Industrial Average closed 115 points lower following the release of the ISM's manufacturing Purchasing Managers' Index (PMI) print, with the Nasdaq Composite and S&P 500 managing slight gains. Market Domination's Julie Hyman discusses the market's performance after the PMI data and OPEC's extended oil production cuts, while Jared Blikre reports on the day's sector actions. Despite economic data uncertainty, the S&P 500 rose 0.1% and the NASDAQ increased by 0.5%. Additionally, there were notable movements in bond yields and the oil market. Overall, health care led gains, while energy and other sectors declined.
Source: YAHOO
Reported 6 months ago
在W Magazine的封面故事中，Miley Cyrus談到了她的教母，兩次葛萊美獎得主多莉·帕頓發來的溫馨傳真消息，以及這位78歲鄉村音樂偶像在聖誕節送給她的獨特禮物，分享了她收到的 '我有多麼愛你？足以我的心能容納和我的手臂能伸展' 的內容，讓她感動落淚。帕頓解釋她堅持使用傳真機的原因，表示不想涉足文字訊息、電子郵件和社交媒體平台的世界，並以輾轉挨到的方式與人溝通。
Source: YAHOO
Reported 6 months ago
Manita restaurant in Toronto publicly criticized actor Zachary Quinto for reportedly yelling at their staff 'like an entitled child' and making a host cry. The restaurant referred to him as 'an amazing Spock, but a terrible customer', calling attention to his behavior on social media.
Source: YAHOO
Reported 6 months ago
At the French Open, Novak Djokovic rallied to defeat Francisco Cerundolo in five sets but expressed doubts regarding his health for the next round due to a leg injury sustained during the match. Despite the injury and fatigue from a previous late-night game, Djokovic managed to secure victory and advance to face either Casper Ruud or Taylor Fritz in the quarterfinals. The match against Cerundolo saw Djokovic struggle with the injury but ultimately triumph after a 4-hour, 39-minute battle, acknowledging the support of fans in helping him through the challenging game.
Source: YAHOO
Reported 6 months ago
Conor McGregor issued an apology for the late cancellation of the UFC 303 press event in Dublin due to unspecified obstacles beyond their control. The pre-fight press conference with McGregor and Michael Chandler was scheduled to take place at 3Arena but was postponed 12 hours prior. McGregor assured fans that the June 29 bout against Chandler will proceed as planned despite the press event cancellation.
Source: YAHOO
Reported 6 months ago
The article discusses the net worth required to be in the top 10% of U.S. households, with a minimum of $1.94 million needed. It also provides age-specific net worth milestones, highlighting the significance of investments, home equity, and high incomes in achieving this status. Sound financial habits, such as saving, investing, and seeking expert advice, are emphasized as key strategies to increase personal wealth and potentially join the affluent ranks.
Source: YAHOO
Reported 6 months ago
Kylie Jenner, the beauty entrepreneur, is starting off summer vacation season in style by visiting Mallorca, Spain with her sister Kendall. Kylie shared stunning photos on Instagram of her lounging on a yacht, kayaking, and exploring coastal towns, showcasing her vacation wardrobe. Kendall posted serene videos of a sailboat and beach walks, emphasizing their close relationship. The sisters are known for their camaraderie, as seen in their TikTok video and shared public appearances at events like the Met Gala.
Source: YAHOO
Reported 6 months ago
Billionaire Michael Novogratz’s Galaxy Digital Holdings LP diversified its lending business by offering a multimillion-dollar loan backed by a 316-year-old Stradivarius violin owned by Russian Empress Catherine the Great. Galaxy is using tokenization to represent the instrument as a nonfungible token on the blockchain, along with holding the physical violin as collateral in Hong Kong. This move marks Galaxy's entry into serving wealthy clients invested in crypto assets, expanding beyond loans tied to digital assets like Bitcoin and Ethereum.
Source: YAHOO
Reported 6 months ago
Loop Capital is maintaining its Hold rating on retailer Tractor Supply Company (TSCO) with a price target of $250 per share. The note from Loop Capital Markets Managing Director Anthony Chukumba highlighted concerns about pricing gaps versus rivals and the stock's significant premium, but remains lukewarm on the stock. Tractor Supply has seen a substantial gain in its stock over the past few years due to pandemic-related trends like increased gardening and suburban living. The company is also set to speak at Baird's Tech and Servicing conference, potentially bringing more news.
Source: YAHOO
Reported 6 months ago
Paramount (PARA, PARAA) shares are surging as reports indicate an agreement on a deal with Skydance Media, merging the companies while keeping Paramount publicly traded. The deal includes Sha Redstone receiving around $2 billion in cash for her stake in National Amusements, merging Paramount's studio business with Skydance, and more. An announcement is anticipated in the coming days following a surge in share prices. The deal, valued at $8 billion, has been sweetened from an initial offering of $5 billion.
Source: YAHOO
Reported 6 months ago
San Diego Padres infielder Tucupita Marcano could potentially be banned for life from Major League Baseball for allegedly betting on games, specifically involving the Pittsburgh Pirates last season while he was on their injured list. The investigation is ongoing, but a decision on the ban may be forthcoming. Marcano, who has not played this season due to injury, had a career-high .233 batting average last season and is facing severe consequences for his alleged gambling activity.
Source: YAHOO