Reported 6 months ago
Investors are eagerly awaiting the Federal Reserve's decision on a potential interest rate cut as early as September, with attention on the Personal Consumption Expenditures Price Index. Interactive Brokers Chief Strategist Steve Sosnick highlights that the market is primarily focused on hearing from Fed Chair Jerome Powell, who tends to skew dovish and provides a more tempered outlook compared to other Fed officials. This preference for Powell's communication style reflects the market's desire for clarity and direction from the "lead actor" rather than the "supporting cast" within the Fed.
Source: YAHOO
Reported 6 months ago
Equestrian star Georgie Campbell, aged 37, tragically passed away after falling off her horse during a competition. Despite efforts to save her, she could not be revived. The horse involved in the accident, Global Quest, returned to the stable unharmed.
Source: YAHOO
Reported 6 months ago
General Hospital actor Johnny Wactor tragically died in a fatal shooting in downtown Los Angeles on May 25. His mother, Scarlett Wactor, mourned his death, describing him as a "light in a dark room." Johnny had been bartending and was shot while checking his car in the early hours of the morning. Co-stars from General Hospital paid tribute to him, remembering him for his hard work and respect for others.
Source: YAHOO
Reported 6 months ago
Members Exchange (MEMX), supported by major Wall Street firms, has resolved a technical issue that delayed the start of its pre-market trading session by nearly two hours. The delay was due to a software error, prompting MEMX to accept orders for four minutes without any trades. The issue was not related to the move to T+1 settlement cycle. Other exchanges like NYSE, Cboe, and Nasdaq briefly suspended routing to MEMX during pre-market trading. MEMX has implemented corrective measures to prevent a recurrence, and no further impact is expected.
Source: YAHOO
Reported 6 months ago
The article discusses the recent decline in Walgreens Boots Alliance stock, which has reached its lowest level since 1998, down over 45% in the past year and over 75% in the past decade. The company has faced challenges due to reimbursement pressures in the pharmacy industry, leading to a significant write-down on its investment in VillageMD. The new CEO is looking to shift reimbursements to a cost-plus model, but the turnaround process may take time. With an inexpensive valuation and potential for recovery, the stock may be an option for patient investors willing to tolerate risk.
Source: YAHOO
Reported 6 months ago
Cleveland-Cliffs Inc. is in negotiations to purchase the US Midwest assets of Russia's Novolipetsk Steel PJSC, including steel-mill facilities in Indiana and Pennsylvania, potentially valued at over $500 million. This deal would mark Cliffs' first major move in dealmaking since a failed attempt to acquire United States Steel Corp. Discussions are ongoing, and while representatives for both companies declined to comment, Cliffs has shown interest in expanding its operations through acquisitions following previous deals in the steel industry.
Source: YAHOO
Reported 6 months ago
The Supreme Court declined to review lawyer Michael Avenatti's conviction for attempting to extort up to $25 million from Nike. Avenatti, known for representing Stormy Daniels in legal battles against former President Trump, was convicted of extortion and fraud charges related to threatening to tarnish Nike's reputation if he wasn't paid. Avenatti's appeal against the conviction was rejected by the court, upholding his 2 1/2-year prison sentence in the Nike case and his 14-year sentence for other financial crimes. Justice Brett Kavanaugh did not participate in the court's decision.
Source: YAHOO
Reported 6 months ago
Nancy Tyagi, a 23-year-old self-taught designer and social media influencer from Baranwa, Uttar Pradesh, gained international attention after her stunning debut at the 2024 Cannes Film Festival. Starting her journey from a small village, Tyagi's passion for fashion led her to create innovative content on social media, garnering millions of followers. Her success story reflects the power of talent, determination, and perseverance, with her recent appearance at Cannes showcasing her exceptional design skills and creative vision. Tyagi aims to establish herself as a designer catering to a broader audience, with Bollywood actress Sonam Kapoor even requesting a custom outfit from her.
Source: YAHOO
Reported 6 months ago
On Tuesday morning, the stock market opened with a mixed performance, as the Dow Jones Industrial Average started the week below 39,000 points. Analysts Seana Smith, Brad Smith, and Jared Blikre monitored US equities and recent sector trends, with the S&P 500 moving slightly higher and the Nasdaq 100 showing mixed results. The market appeared to be experiencing a varied performance with sectors like real estate and technology leading the way while others like health care and consumer discretionary lagged behind. Analysts highlighted movements in the energy sector, utilities, and communication services, with notable gains in Alphabet and meta driving momentum.
Source: YAHOO
Reported 6 months ago
Elliott Investment Management has invested over $2.5 billion in Texas Instruments Inc., urging the chipmaker to enhance free cash flow. Elliott proposed a strategy for Texas Instruments to generate $9 or more per share in free cash flow by 2026, citing concerns over the company's deviation from focusing on free cash flow growth. Texas Instruments, which has been shifting its strategy to bring manufacturing in-house, confirmed receiving the letter and is reviewing it, emphasizing long-term growth in free cash flow per share.
Source: YAHOO
Reported 6 months ago
The article discusses two beaten-down dividend stocks, CVS Health and Gilead Sciences, that could be good long-term investments despite recent struggles. CVS Health has seen disappointing financial results due to various factors, including lower revenue from COVID-19 vaccines, but its diversified healthcare services and dividend growth potential make it attractive for income investors. Similarly, Gilead Sciences has faced regulatory challenges but has maintained steady revenue and earnings, particularly from its HIV medicines. Both companies offer attractive dividend yields and growth prospects, making them potentially solid picks for investors willing to hold for 10 years.
Source: YAHOO
Reported 6 months ago
U.S. house price inflation decelerated in March, with prices increasing by 0.1% compared to 1.2% in February, according to the Federal Housing Finance Agency. This slowdown was attributed to rising mortgage rates impacting demand, leading to a 6.7% year-over-year increase in house prices in March. Existing home sales declined as the average rate for a 30-year fixed-rate mortgage approached 7%, but low housing inventory levels are expected to keep house prices elevated for the foreseeable future.
Source: YAHOO
Reported 6 months ago
The upcoming results from mall-based apparel chains like Abercrombie, American Eagle, and Gap will reveal whether American shoppers are splurging on clothing and accessories as summer approaches. Expectations are for revenue growth at Abercrombie and American Eagle, while Gap is anticipated to show marginal sales growth after consecutive declines, focusing on in-season merchandise to drive demand at full price. The shift towards fresh styles and cleaner inventories has helped reduce discounting and boost margins, with shoppers showing a preference for apparel over big-ticket items like electronics. This trend follows mixed results from Walmart and Target, with Walmart's strong performance in groceries and non-essentials hinting at potential shifts in consumer spending habits.
Source: YAHOO
Reported 6 months ago
The article discusses how the author uses $1.25 gnocchi from Dollar Tree as a versatile and affordable staple in their pantry for creating easy and delicious weeknight dinners. They particularly enjoy cooking the gnocchi using a sheet-pan method to achieve a crispy exterior and soft interior, incorporating various ingredients like veggies, meat, and sauces. The author also highlights the gnocchi's potato-y flavor, texture, and adaptability in different dishes, making it a go-to ingredient for a variety of meals.
Source: YAHOO
Reported 6 months ago
Activist investor Elliott Investment Management has disclosed a $2.5 billion stake in Texas Instruments and is urging the chipmaker to enhance its free cash flow. Elliott proposed the implementation of a "dynamic capacity-management strategy" to help Texas Instruments achieve a free cash flow of up to $9 a share by 2026, as the company's free cash flow dropped to $1.47 per share in 2023. Texas Instruments, which anticipates spending around $5 billion annually on capital expenditure through 2026, is planning extensive investments in new technology and manufacturing facilities to support revenue growth, despite concerns raised by Elliott about overbuilding relative to expected demand.
Source: YAHOO
Reported 6 months ago
The article discusses the USD/JPY forecast, highlighting that the US dollar has been maintaining high levels against the Japanese yen. Despite some neutral trading sessions, the market is expected to continue experiencing upward pressure. The article suggests that buying opportunities may arise with support at the 155 level and a potential target of 158, with further gains possible in the long term. The overall trend favors buying opportunities, as being short in the current scenario is deemed unwise.
Source: YAHOO
Reported 6 months ago
GameStop（GME）股票價格飆升，因這家遊戲零售商宣布出售4500萬股普通股獲得9.33億美元。雅虎財經高級記者Ines Ferré詳細解析了公司如何利用2024年5月短暫的網絡迷因股票漲幅。了解更多專家見解和最新市場動態，點擊這裡觀看Morning Brief的完整節目。
Source: YAHOO
Reported 6 months ago
Energy Transfer同意以32.5亿美元的价格收购WTG Midstream，这将扩大美国管道巨头在Permian盆地已经庞大的网络。Energy Transfer将斥资24.5亿美元现金和约5080万股新发行的Energy Transfer普通股来收购这家总部位于德克萨斯州米德兰的公司。WTG Midstream运营着Permian地区最大的私人天然气收集和处理业务，从而增强了Energy Transfer在北美最多产页岩区的存在。
Source: YAHOO
Reported 6 months ago
Bert Kreischer, alongside his wife LeeAnn, shares insights on raising their two daughters, Georgia and Ila. Georgia, born in 2004, excels in academics and sports, while Ila, born in 2006, shows resilience and humor despite facing dyslexia. The daughters frequently join their parents in podcasts and even on stage during Bert's shows, showcasing the close family bond and support. From trips to Italy to emotional college drop-offs, Bert and LeeAnn's parenting journey reflects love, pride, and shared experiences with their children.
Source: YAHOO
Reported 6 months ago
BloombergInsmed股票飆升，藥物緩解肺部疾病症狀約翰·勞爾曼星期二，2024年5月28日，上午9:36 1分鐘閱讀在這篇文章中:Insmed股票在公司的實驗性藥物減少了病人一項罕見肺部疾病的加劇症狀最新讀物https://finance.yahoo.com/news/insmed-shares-rocket-drug-eases-133615626.htmlView comments
Source: YAHOO
Reported 6 months ago
根據 S&P CoreLogic Case-Shiller 指數顯示，美國 20 個主要城市的房價在 3 月份同比增長了 7.4%，高於 2 月份的 7.3%。由於房價不斷上升，並且貸款利率穩定在 7%，購房者正在面臨嚴重的支付能力危機。其中心問題在於二手房供應的短缺，許多業主不願意搬家，因為這意味著放棄在利率便宜時鎖定的貸款。雖然最近幾個月房源有所增加，但庫存仍然處於歷史性的緊張狀態。
Source: YAHOO
Reported 6 months ago
Altice International宣布擱置計劃出售多明尼加共和國的資產，因為公司繼續尋找削減債務的方法。該公司表示，收到的交易提議過低，並且不需要以折扣價值出售任何資產。S&P全球評級本月將公司信用評級下調了一級至B-，距離垃圾債地步還有六步，並給予Altice International一個負面的前景展望。Altice International已經對大量資產進行拍賣以減少債務。
Source: YAHOO
Reported 6 months ago
The Boston Celtics are heading back to the NBA Finals with confidence after sweeping the Indiana Pacers in Game 4 of the Eastern Conference finals. Derrick White's game-winning shot sealed the victory, and the team is determined to secure their 18th championship. Despite injuries, the Celtics demonstrated exceptional teamwork and execution, believing they have evolved and learned from past experiences. The team's meticulous preparation under interim head coach Joe Mazzulla has been key, with players like Jayson Tatum and Jaylen Brown showcasing their growth as stars. With an upcoming matchup against Dallas, the Celtics are focused on claiming the championship title.
Source: YAHOO
Reported 6 months ago
The article discusses the latest movements in the stock market, including the Nasdaq reaching record highs fueled by Nvidia's rally, GameStop's stock surge, Tesla CEO Elon Musk's pay package scrutiny, Fed official Neel Kashkari's comments on interest rates, and UBS raising its S&P 500 year-end target. It also covers trends in home prices, San Diego seeing high price gains, and consumer confidence rebounding. Additionally, updates on Robinhood's stock buyback program and Evercore ISI's analysis on potential Trump 2.0 tariffs are highlighted.
Source: YAHOO
Reported 6 months ago
Princess Kate Middleton and Prince William publicly expressed their condolences following the death of a Royal Air Force pilot in a spitfire crash during a Battle of Britain event. The couple, known for their connection with the RAF, signed off as ‘W&C’ in the statement. This comes as Kate continues her battle with cancer, with recent news from Kensington Palace stating she will return to royal duties once cleared by her medical team.
Source: YAHOO