Reported 6 months ago
Claudia Sheinbaum's landslide victory in Mexico's presidential election has caused Mexican assets to decline, with traders concerned about potential anti-market reforms under her leadership. The Mexican peso dropped significantly against the dollar, and interest-rate swaps rose. Investors are now focused on Sheinbaum's economic team appointments and strategies to address fiscal deficits and debts. Wall Street strategists are warning about potential negative impacts on energy policy and foreign corporates, while also speculating on market reactions and government policies.
Source: YAHOO
Reported 6 months ago
在奧運網球資格賽選手之賽事中，女單選手 Collins 和 Keys 於法網比賽期間正式獲得奧運資格，在巴黎比賽中加入了 Gauff 和 Pegula。而男單選手 Fritz、Paul 和 Shelton 也在法網之前就已確定奧運賭賽席位。奧運網球選手名單將在6月19日前送出，最多可以增加兩名美國男子和女子選手進行雙打和混合雙打比賽。
Source: YAHOO
Reported 6 months ago
Saudi Arabia's sovereign wealth fund is considering issuing a rare sterling-denominated bond to access international debt markets, aiming to diversify funding sources and support the kingdom's economic transformation. The Public Investment Fund has mandated banks for the bond sale with tenors of five and 15 years, marking a move to raise external capital to finance Crown Prince Mohammed bin Salman's economic diversification plan. Saudi Arabia's government and the PIF are both looking to borrow to address fiscal challenges, with the PIF's total indebtedness around $38.7 billion as of March 31. The bond sale would be the first sterling-denominated offering by Saudi entities since 2020 and only the second ever, indicating a significant step in the fund's fundraising efforts.
Source: YAHOO
Reported 6 months ago
Police are investigating an assault complaint against Sale lock Jonny Hill after a rugby fan reported being cut above the eye following an altercation where Hill allegedly put him in a headlock at Bath Rugby grounds. The incident occurred after Sale's semi-final defeat, and while Hill's club launched their own investigation, teammates defended him on social media. The fan, seeking only a new pair of sunglasses, did not wish to escalate the situation. Hill, who had been linked with a move away but was sidelined due to injury, will remain with Sale for another season.
Source: YAHOO
Reported 6 months ago
Source: INVESTORS
Reported 6 months ago
Kylian Mbappé has been left out of France's provisional squad for the Paris Olympics, with coach Thierry Henry stating that the list is subject to change. Despite Mbappé's desire to participate, his expected move to Real Madrid and upcoming involvement in the Euros means he will not compete in the Olympic Games. The squad includes players like Warren Zaire-Emery and veteran Alexandre Lacazette, with France President Emmanuel Macron advocating for Mbappé's inclusion. Clubs are not obligated to release players for men's Olympic tournaments, and Mbappé's confirmed transition to Real Madrid remains pending.
Source: YAHOO
Reported 6 months ago
Source: WSJ
Reported 6 months ago
The article discusses two potential Artificial Intelligence (AI) stocks that could replicate the stock market success of Nvidia, which has seen significant growth due to its dominance in the AI chip market. The first company highlighted is Broadcom (NASDAQ: AVGO), a semiconductor company with a significant share in the AI-focused ASIC market, poised for growth as the demand for AI chips increases. The second company is The Trade Desk (NASDAQ: TTD), operating in the digital advertising market and leveraging AI to gain market share and accelerate revenue growth, showing promising potential in the long term.
Source: YAHOO
Reported 6 months ago
JetBlue Airways has revised its second-quarter revenue forecast to a smaller decline, citing healthy travel demand leading to an expected drop between 6.5% and 9.5%, an improvement from the previous forecast of 6.5% to 10.5%. The airline attributes this to better operational performance, cost efficiency, and lower jet fuel prices. JetBlue has been managing higher operating costs due to ongoing engine inspections and has adjusted routes to focus on profitable regions. It also lowered its fuel cost projection to $2.85 to $2.95 per gallon.
Source: YAHOO
Reported 6 months ago
The article discusses the wash-sale rule, which prohibits claiming a loss from selling stock or securities if substantially identical ones are acquired within 30 days before or after the sale, aiming to prevent tax manipulation. The rule does not apply to cryptocurrency trading and is reported on Form 8949 to the IRS. It explains the concept, exceptions, and consequences of violating the rule, emphasizing the importance of understanding what is considered "substantially identical" and how to report wash sale losses. Additionally, it provides guidance on avoiding the rule and its impact on tax-loss harvesting strategies.
Source: YAHOO
Reported 6 months ago
The article discusses how companies like Nvidia are benefitting from the surge in interest rates, with nearly 1 in 10 non-financial companies in the S&P 500 earning more in interest income than they pay in debt expenses. Nvidia, in particular, reported a significant increase in interest income, allowing it to cover its interest expenses and dividend during the first quarter. The increase in interest income is attributed to corporate cash piles growing during the pandemic and companies investing in money-market funds, government securities, and certificates of deposit. Federal Reserve officials signaling higher rates for an extended period is expected to continue this trend, with companies actively managing their cash investments to generate higher returns.
Source: YAHOO
Reported 6 months ago
Hayley Ladd will captain Wales in their 2025 Women's European Championship qualifier against Ukraine in Poland, marking her first time leading the senior team despite previous experience as a captain at the youth level and for her club Manchester United. Wales coach Rhian Wilkinson praised Ladd's leadership qualities and versatility on the field, with Ladd expressing gratitude for the opportunity to lead her country in their ongoing European qualification campaign.
Source: YAHOO
Reported 6 months ago
Brazilian analysts have increased their forecasts for interest rates and inflation in Brazil, with expectations of the Selic benchmark reaching 10.25% by December and inflation remaining above the 3% target through 2026. This economic outlook indicates challenges for Latin America's largest economy, despite central bank efforts to meet inflation targets. Analysts are wary of the bank's commitment to these targets following a split vote on rates last month, with concerns about potential changes in board leadership affecting investor confidence.
Source: YAHOO
Reported 6 months ago
Source: BARRONS
Reported 6 months ago
Source: INVESTORS
Reported 6 months ago
Shares of GameStop surged in early trading on Monday following speculation that Keith Gill, also known as "Roaring Kitty," may hold a large position in the video game retailer worth millions. Gill's Reddit account shared a screenshot suggesting he holds 5 million GameStop shares worth $115.7 million, along with 120,000 call options. This activity comes after Gill resurfaced online, sparking GameStop's price increase. The surge also impacted other meme stocks like AMC Entertainment Holdings, Koss Corp., and BlackBerry.
Source: YAHOO
Reported 6 months ago
The article discusses two growth stocks, MercadoLibre and Spotify Technology, that are potentially ready for stock splits. MercadoLibre, a Latin-American e-commerce and payments platform, has never executed a split in its 25 years as a public company despite a stock price above $1,700, while Spotify Technology has seen a stock turnaround, with shares trading around $300 without a split. Both companies have strong fundamentals and potential for growth, which could attract retail interest with a lower stock price post-split.
Source: YAHOO
Reported 6 months ago
Online fashion retailer Shein is reportedly planning a mega listing in London with an estimated valuation of £50 billion ($64 billion), potentially making it the city's largest IPO since 2011. This news comes as a boost for London's IPO market, which has seen a decline in activity, and could help rebuild the city's reputation as a listing venue. Despite facing political and regulatory hurdles in the US, Shein's IPO is anticipated to garner interest from UK investors, although concerns about governance, supply chain, and business practices may arise.UK politicians, including Labour Party members, have engaged with Shein executives to persuade the company to choose London for its listing, with both the Labour and Conservative parties showing interest in the deal.
Source: YAHOO
Reported 6 months ago
The Yahoo Sports AM newsletter covers various sports news, including the Stanley Cup Final preview between the Edmonton Oilers and Florida Panthers, Real Madrid's Champions League win and signing of Kylian Mbappé, Simone Biles' gold medal win, and other sports highlights. The newsletter also includes updates on other sports events, such as Gable Steveson signing with the Bills, the Connecticut Sun's perfect start in the WNBA, and the USWNT's victory over South Korea.
Source: YAHOO
Reported 6 months ago
Stocks rose on Monday, with the Nasdaq and S&P 500 gaining 0.8% and 0.4%, respectively, driven by hopes for rate cuts and a surge in Nvidia shares following an AI chip update. GameStop's shares skyrocketed over 100% after Reddit posts by influential trader Keith Gill, fueling speculation of a return to a meme rally. Overall, stocks are set to continue their strong performance from May, with optimism fueled by positive PCE data suggesting inflation may have peaked, while traders anticipate the impact of upcoming labor reports on the Fed's rate path.
Source: YAHOO
Reported 6 months ago
Billionaire Bill Ackman's Pershing Square Capital Management has raised $1.05 billion by selling a 10% stake in the hedge fund to institutional investors and family offices, ahead of a potential IPO in 2025 or 2026. The funding involved investors like ICONIQ, Arch Capital Group, BTG Pactual, Menora Mivtachim, and others, with $500 million earmarked for a new investment portfolio to be listed on the NYSE. The remaining funds will support new strategies and funds Ackman plans to launch, with the hedge fund also restructuring its ownership and appointing Ben Hakim as president.
Source: YAHOO
Reported 6 months ago
As Nigeria faces record-high inflation, Africa's most populous country experienced a standstill on June 3, 2024, with electricity cuts and major airports closed due to strikes by labor unions demanding higher wages. President Bola Tinubu’s economic reforms, including ending fuel subsidies, have contributed to surging inflation. The unions seek to increase the minimum monthly wage from $20 to $336, while the government offers $40, sparking concerns about the economy's stability and sustainability of the proposed wage increase.
Source: YAHOO
Reported 6 months ago
Watch Out, We’re Mad (2022) is a comedy-action film where two brothers must unite to face a crime boss after their prized dune buggy is destroyed. The movie blends comedy and adventure, featuring Edoardo Pesce, Alessandro Roja, and Alessandra Mastronardi. Available for streaming on Netflix, viewers can enjoy it by selecting from different subscription plans that offer varying features like ad-free viewing, HD quality, and multiple device support.
Source: YAHOO
Reported 6 months ago
The author recounts a cringeworthy conversation with her white friend Kim that altered their relationship, highlighting the challenges faced in interracial friendships. Despite societal norms and personal experiences, the author emphasizes the importance of genuine connections and understanding in fostering authentic transracial friendships, citing examples of supportive allies and advocating for cultural inclusion within relationships.
Source: YAHOO
Reported 6 months ago
The Philadelphia Eagles are responding positively to new defensive coordinator Vic Fangio's old-school coaching style, with players appreciating his straightforward approach and emphasis on hard work. Unlike his brief stint with the Miami Dolphins where some players struggled to connect with him, Fangio's approach seems to be resonating well with the Eagles, particularly with former Georgia players who are used to a similar coaching style. While it remains to be seen how things progress into the upcoming training camp, current feedback from players indicates a strong willingness to be coached by Fangio, highlighting the importance of leadership, teamwork, and the desire to win within the team.
Source: YAHOO