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Market Volatility: Dow Drops 330 Points, Retail Earnings Disappoint

Reported 6 months ago

The Dow Jones Industrial Average closed 330 points lower, with the Nasdaq and S&P 500 also experiencing declines. Dell Technologies stock dropped despite beating earnings expectations, while Zscaler and Ulta Beauty saw gains after positive earnings reports. The article discusses market reactions to various companies' financial results, including insights on salesforce, enterprise spending, bond yields, and retail trends, with Gap's CEO highlighting improved performance, Costco beating estimates but experiencing stock decline, and upcoming economic data and trial verdicts to watch for.

Source: YAHOO

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Private Credit Gets Innovative with Synthetic PIK to Help Borrowers Defer Interest Payments

Reported 6 months ago

Private credit firms, like Blue Owl Capital Inc., are introducing a new concept called 'synthetic PIK' to allow companies to make interest payments with extra borrowing without classifying it as 'payment in kind.' As the Federal Reserve tightens its policies, making debt servicing challenging for highly indebted firms, this workaround has become popular. Synthetic PIKs are advantageous for direct lenders as they can provide additional flexibility for companies, especially those with recurring revenue and cash burn issues. While this concept isn't entirely new, it is gaining traction in recent deals to aid companies in meeting interest obligations and maintaining a stable balance sheet.

Source: YAHOO

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Warriors仍願意重新調整核心於今年休賽季

Reported 6 months ago

金州勇士隊為爭取NBA冠軍而準備改變核心陣容。球隊擁有36歲的超級巨星Stephen Curry,但不確定13年賽會老將Klay Thompson是否回歸。勇士隊在去年夏季將Jordan Poole交易到華盛頓巫師隊換取Chris Paul,以期取得更好成績。勇士管理層準備在未來採取積極態度調整陣容,但必須面對奢侈稅的管理挑戰。球探表示勇士可能考慮從東區獲取球員,但必須審慎評估。勇士隊必須在本季休賽季做出改變,目前的陣容已不足以應對未來的比賽挑戰。

Source: YAHOO

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Wall Street Prepares for Volatility After Trump Verdict

Reported 6 months ago

The historic guilty verdict of former President Donald Trump is yet to impact Wall Street significantly, with most financial assets remaining stable apart from shares in Trump Media & Technology Group. Traders are now considering how this decision may affect markets as they gear up for the 2024 US elections, where Trump is likely to confront President Joe Biden. Experts anticipate increased volatility in the stock market due to the heightened political climate following the Trump verdict, with differing opinions on the immediate impact and potential effects on Trump's election prospects.

Source: YAHOO

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DJT股票跌因特朗普被判有罪新聞

Reported 6 months ago

在美國歷史上首次發生了前總統唐納德·特朗普被判有罪的不尋常事件。他的媒體公司特朗普媒體和技術集團(DJT)的股票因此消息而交易下跌。Yahoo Finance的Rick Newman解釋了詳細信息,提供了這一判決可能如何影響特朗普的社交媒體項目和連任競選的見解。

Source: YAHOO

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Former 49ers WR Emmanuel Sanders Believes Brock Purdy Will Prove Critics Wrong

Reported 6 months ago

Former 49ers wide receiver Emmanuel Sanders expresses confidence in quarterback Brock Purdy, dismissing rankings critiquing him and emphasizing Purdy's leadership qualities. Despite being underestimated, Purdy has demonstrated impressive skills in his two NFL seasons, achieving Pro Bowl selection and All-Pro status. Sanders supports Purdy as the 49ers gear up for the 2024 season, aiming for a successful playoff run and a shot at the Super Bowl, highlighting Purdy's journey from being Mr. Irrelevant in the draft to a key player for the team.

Source: YAHOO

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DJT股票因特朗普在封口费庭审中被判定有罪而下跌8%

Reported 6 months ago

特朗普媒体与科技集团(DJT)的股票在前总统唐纳德·特朗普被判定涉及34项篡改商业记录罪行的庭审后经历一段过山车般的走势。股票在特朗普被定罪后的夜间交易中一度下跌(然后反弹),但周五结束时仍坚定下跌约5%。特朗普可能会上诉判决,于7月11日被判刑,每项罪名最高可判四年监禁。特朗普媒体的股票自与数字世界收购公司合并后于纳斯达克上市以来已下跌约15%。特朗普在被社交媒体应用(如Facebook和Twitter)封禁后成立了Truth Social,目前被称为X平台,但在庭审期间几乎完全在其Truth Social账户上发布内容。

Source: YAHOO

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Trump支持者捐助者對有罪判決置之不理

Reported 6 months ago

前總統川普被紐約陪審團對其涉及掩蓋付款事宜的34項指控均裁定有罪。儘管如此,川普的國際事務策略顧問Henrietta Treyz和雅虎金融資深專欄作家Rick Newman表示,他不認為他將失去高額捐助者的支持,因為他在選舉週期的最後一個月已超越拜登的籌款。研究人員認為這一有罪判決的結果可能對2024年總統選舉產生影響。川普在有罪判決後告訴媒體這是一場“被操縱、可恥的審判”,並強調唯一重要的判決將在11月5日投票結果揭曉時出現。

Source: YAHOO

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Chicago Bears selected for 2024 'Hard Knocks' training camp series with focus on No. 1 pick Caleb Williams

Reported 6 months ago

The Chicago Bears have been chosen as the featured team for the 2024 NFL 'Hard Knocks' training camp series, giving fans an inside look at rookie Caleb Williams' debut season. This marks the first time the Bears will be showcased on the show, with the first episode airing on August 6. Alongside their selection, the show will also include an offseason version with the New York Giants and an in-season version covering a division of four teams, adding to the excitement for viewers.

Source: YAHOO

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New Jersey Beaches Issued Water Quality Advisories Due to Fecal Bacteria Contamination

Reported 6 months ago

Three New Jersey beaches, including the Fifth Avenue bayside beach in Seaside Park, the 18th Avenue beach in North Wildwood, and Forget-Me-Not Beach in Wildwood Crest, are under swimming advisories as of May 29 due to elevated levels of fecal bacteria (enterococci) detected in water samples, posing a risk of gastroenteritis and other infections. The advisories are triggered when enterococci levels exceed 104 colony forming units per 100 milliliters of water, and the contamination is likely due to untreated sewage and animal waste runoff. These beaches are open to the public but will be retested the following day.

Source: YAHOO

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Evil 總結:狗日子仍未結束

Reported 6 months ago

在Evil最終季第二集中,隊伍展開墓地監視任務,追蹤據傳會出現在一座荒郊教堂旁墓地的狼人。然而,隨著紅眼的機器狗現身,事情變得越來越奇怪。David、Kristen和Ben 發現黑人修女遭到機器狗襲擊,推斷有人可能操控這些人工生物對付黑人。同時,Ben試圖解開一些神秘現象,David則發現自己擁有觀察遠距事物的能力。這些劇情交織出一場充滿詭異的事件,讓觀眾深陷其中。

Source: YAHOO

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ECB将压减少利率以应对通胀风险

Reported 6 months ago

经济学家对欧洲央行在开始降息后将降低多少的预期进行调整,根据彭博社的一项调查。预测下周将宣布在存款利率上的六个0.25个百分点降低中的第一步,比他们之前在四月份最后一次设定政策时预测的少一步。然而,欧洲经济的强劲复苏、不断上升的工资压力以及已经不确定的通胀前景的上行风险正在引发对随后步骤的争论。

Source: YAHOO

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Foot Locker股票因轉機希望而暴漲

Reported 6 months ago

TheStreet的Rebecca Mezistrano報導指出,Foot Locker股票因轉機希望而暴漲。Foot Locker的季度收入符合預期,達18億美元,單店銷售量的表現也比預期的糟糕要好。公司已採取措施改善業務,包括重新裝修商店、開設非購物中心位置、調整忠誠計畫並投資線上運營。此外,來自Nike的更好產品組合也有望幫助。Foot Locker首席執行官Mary Dillon表示,她實施的改進措施已經“鞏固了我們在籃球和球鞋文化交叉點的地位”。

Source: YAHOO

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Bond Traders in Rural Japan's Tiny Bank See Unique Profit

Reported 6 months ago

Iyogin Holdings Inc., a rural bank in Ehime, Japan, has achieved record net income for two consecutive years due to gains from investments in foreign bonds, particularly Treasuries. Unlike most Japanese banks that faced losses on foreign notes due to currency hedging, Iyogin foresaw the US Federal Reserve's rate hikes and the yen's devaluation against the dollar. By avoiding hedging and anticipating market shifts, the bank tripled gains from bonds for the last fiscal year. Chief Executive Officer Kenji Miyoshi highlighted the bank's risk management strategies and highlighted ongoing adjustments to prepare for potential Fed rate cuts.

Source: YAHOO

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Do Celtics need Porzingis for NBA Finals success?

Reported 6 months ago

Former Celtics center Kendrick Perkins believes Kristaps Porzingis is crucial for the Boston Celtics to win the NBA Finals, providing important skills on both offense and defense. Even if not at his best, Porzingis' presence is seen as necessary to counter teams like the Dallas Mavericks or Minnesota Timberwolves due to his rim protection and floor-stretching abilities. While the Celtics have performed well in his absence, Perkins argues that having him back would further strengthen their lineup and defensive capabilities.

Source: YAHOO

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Shares in Trump Media plummet following former president's conviction in hush money trial

Reported 6 months ago

Shares of Trump Media & Technology Group plunged as former President Donald Trump was convicted in a hush money trial, causing a 9% drop in after-hours trading and a subsequent 5% decline. The stock, known by the ticker symbol “DJT,” has been notably volatile since its debut in late March, with ups and downs common as small investors try to capitalize. Trump Media reported a loss of over $300 million in the last quarter, citing non-cash expenses related to its merger and dismissing an auditor charged with fraud. Trump's conviction stemmed from a scheme to hide potentially damaging stories during the 2016 election campaign, and in news of the verdict, meme stocks like AMC Entertainment and GameStop also fell early Friday.

Source: YAHOO

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Trump verdict: Convicted of 34 counts of falsifying business records

Reported 6 months ago

Former President Donald Trump has been found guilty of 34 counts of falsifying business records to influence the 2016 election in the U.S., making him the first president to be convicted of criminal charges. Trump vows to appeal the verdict, while President Biden emphasizes that 'no one is above the law.' The guilty verdict has sparked reactions from both political camps, with Trump disputing the trial's fairness and Biden asserting the importance of the upcoming presidential election in November. Trump's sentencing is scheduled for July 11.

Source: YAHOO

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NFLPA paid DeMaurice Smith $8.37 million in his final year as executive director

Reported 6 months ago

DeMaurice Smith received $8.37 million, including an $8.2 million salary, during his final year as the NFL Players Association's executive director. This amount, although substantial, falls short when compared to NFL Commissioner Roger Goodell's reported earnings of $63.9 million per year. Goodell's latest contract is expected to push his career earnings to $700 million, emphasizing the significant pay gap between the roles.

Source: YAHOO

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'Hard Knocks' to Feature Chicago Bears and Caleb Williams' Rookie Season in 2024

Reported 6 months ago

The Chicago Bears have been chosen as the team to be featured on the 2024 NFL training camp documentary series 'Hard Knocks,' providing viewers an inside look at No. 1 overall pick Caleb Williams' rookie season. NFL Films announced the decision, with the premiere scheduled for August 6 on Max. The Bears were selected over the Denver Broncos and New Orleans Saints, and three versions of 'Hard Knocks' will air this year, including an offseason version focusing on the New York Giants and an in-season version covering an entire division. Despite their initial reluctance, the Bears present a compelling story with the addition of star players, a new head coach, and the pressure to return to the playoffs after four seasons.

Source: YAHOO

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Trump found guilty on hush money counts, criticizes trial as 'rigged, disgraceful'

Reported 6 months ago

Former President Trump was convicted on all 34 charges related to hush money payments to an adult film actress, claiming innocence and slamming the trial as biased. Trump accused the court proceedings of being rigged and disgraceful, expressing dissatisfaction with the district attorney, Biden administration, and the presiding judge. He vowed to continue fighting his case, asserting his innocence and promising to challenge the verdict through the upcoming elections. Trump's comments perpetuate ongoing political tensions in the US.

Source: YAHOO

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Gap CEO: 运营纪律推动长青品牌的回归

Reported 6 months ago

Gap首席执行官表示,通过采取运营纪律,其旗下的长青品牌正逐渐恢复。随着公司新领导削减滞销库存、重置所有品牌风格以及执行更有效的营销策略,Gap再次实现了盈利。CEO Richard Dickson表示公司的净销售额同比增长3%至34亿美元,股价周五上涨24%。通过加强财务和运营纪律,Gap开始建立更坚实的基础,并有望重振其长期经营品牌。

Source: YAHOO

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Marvell Technology股票因Q1收入未达预期而下跌

Reported 6 months ago

Marvell Technology集团(MRVL)的股票周四交易下跌,原因是公司未达到第一季度收入预期。然而,首席执行官对公司在第二季度恢复能力表示乐观。Yahoo Finance的Julie Hyman和Josh Lipton分析了报告的细节。

Source: YAHOO

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City National Bank sets 18-month timeline for turnaround

Reported 6 months ago

City National Bank, a unit of Royal Bank of Canada, reported quarterly net income of $44 million with an 11% increase in net interest income. Executives indicated a turnaround is on track but more downsizing is expected, emphasizing efforts to enhance expense and capital efficiency for more normalized profitability by 2025. RBC plans to integrate City National more closely, possibly selling non-core parts to control costs. The goal is to achieve comparable return on assets within approximately 18 months.

Source: YAHOO

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Paul Reubens' Home from “Pee-wee's Big Adventure” Paycheck for Sale a Year After His Death

Reported 6 months ago

Paul Reubens, best known for his role as Pee-wee Herman, passed away in July 2023 after battling cancer. His iconic 2,921-square-foot Los Feliz home in Hollywood Hills, purchased with earnings from 'Pee-wee's Big Adventure,' is now on the market for $4,995,000 almost 40 years later. The midcentury style property, featuring a pool, spa, and views of local landmarks, remains largely unrenovated and includes unique interior features like a built-in wet bar, vintage wallpaper, and an outdoor ‘catio’. Reubens' legacy as an actor, comedian, and producer lives on in the hearts of fans.

Source: YAHOO

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Explainer: Trump's Eligibility for Presidency Despite Criminal Conviction

Reported 6 months ago

Donald Trump's criminal conviction for illegally covering up a hush money payment to a porn star will not prevent him from running for president under the U.S. Constitution's requirements. Even if he were sentenced to prison before the election, he could still pursue the White House, with the possibility of being sworn in from jail if he wins. The likelihood of Trump going to prison, the possible impact of guilty verdicts on the election, as well as his potential post-conviction scenarios like home confinement or bail, are discussed.

Source: YAHOO

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