Reported 6 months ago
The new CEO of Petrobras, Magda Chambriard, reassured investors during her first public appearance that the company is committed to providing returns to its shareholders while also focusing on making a profit. Chambriard's appointment follows the firing of her predecessor due to disagreements over dividend payments versus investments. Investors responded positively to her comments, with Petrobras's preferred shares rallying in Sao Paulo. Chambriard emphasized the need for Petrobras to accelerate exploration efforts off Brazil's coast and ensure stability in domestic fuel costs. The company aims to prioritize economic coherence and continue distributing dividends while expanding its operations.
Source: YAHOO
Reported 6 months ago
Jennifer Lawrence has been repeatedly wearing mesh flats, a controversial yet outfit-elevating shoe, often pairing them with wide-leg jeans for a stylish and contrasting look since last summer. This combination has become her go-to summer style, inspiring others to follow suit. Various options for mesh flats and wide-leg jeans, similar to Lawrence's choices, are provided for those looking to recreate her chic and practical fashion style.
Source: YAHOO
Reported 6 months ago
SenseTime Group Inc. co-founder Xu Bing stated at the UBS Asian Investment Conference in Hong Kong that China's domestic AI chipmakers are rapidly closing the gap with international leaders in artificial intelligence, despite facing challenges due to US trade controls. Xu mentioned that China has the talent and data to make up for the lack of computational power in Asia compared to the US. SenseTime aims to become profitable within two years and has invested significantly in research and development, including in AI accelerator infrastructure. China's progress in AI chip development has been supported by companies like Huawei and Shanghai Biren Technology Co., who are working to create domestic alternatives to imported advanced AI accelerators.
Source: YAHOO
Reported 6 months ago
In April, Japan's corporate service prices saw their fastest annual increase since March 2015, with the Bank of Japan reporting a 2.8% rise in the Corporate Services Price Index (CSPI) compared to the previous month. This growth was attributed to higher labor costs in the services sector, particularly in labor-intensive businesses like machine repair and industrial facility renovation. The index's increase is seen as a positive sign for policymakers aiming for a wages-led cycle of demand growth to drive inflation and economic expansion in Japan.
Source: YAHOO
Reported 6 months ago
Keanu Reeves and his girlfriend Alexandra Grant were seen enjoying a dinner date at Giorgio Baldi in Los Angeles. The couple, who have been together since 2019, were described as looking stylish and chic during their outing. Reeves and Grant, who founded the publishing house X Artists’ Books together, have been praised for their positive and fun relationship. They have recently been seen attending public events in Los Angeles, deviating from their usual preference for entertaining at home.
Source: YAHOO
Reported 6 months ago
New Zealand's central bank has introduced limits on housing finance lenders to restrict high-debt borrowing relative to incomes, aiming to reduce default risks in the country's volatile housing market. The new rules, effective from July 1, will apply to new lending for residential properties and coincide with eased loan-to-value ratio restrictions. The move, not impacting monetary policy, aims to enhance financial system resilience, although regional disparities in house price-to-income levels may influence investor behavior.
Source: YAHOO
Reported 6 months ago
After a long and controversial career as an MLB umpire since 1991, Ángel Hernández has announced his retirement from Major League Baseball. Known for being one of the most disliked umpires by fans and players, Hernández cited a desire to spend more time with his family as the reason for his retirement. Despite facing legal battles and criticism for missed calls on the field, Hernández expressed pride in contributing to the promotion of minorities within the sport during his tenure.
Source: YAHOO
Reported 6 months ago
According to a Bloomberg analysis, the Chinese yuan is likely to rebound in the next three months based on historical trends. The analysis suggests that the yuan tends to strengthen after nearing the weak side of its trading band against the dollar. Analysts attribute this potential rebound to the People's Bank of China's patient approach, waiting for a shift in the dollar's performance. The yuan, facing pressure from a potentially strengthening dollar and weak policy support for China's growth, has been kept relatively stable by the PBOC due to the wide interest-rate gap favoring the dollar and increasing capital outflows.
Source: YAHOO
Reported 6 months ago
Shares of PDD Holdings Inc., the parent company of Temu, are trading at their cheapest level ever due to geopolitical risks and competition in China's e-commerce sector. Despite a 43% surge in the US-listed stock from a March low, it is still trading at just 13 times expected earnings for the next year, marking the steepest discount on record compared to the Nasdaq 100. Investors are concerned about election risks, trade war rhetoric from Beijing, and US regulatory pressures, leading to a negative valuation sentiment for Temu. While PDD has seen strong revenue growth and performance, challenges like intense competition and lack of shareholder return initiatives contribute to its undervaluation.
Source: YAHOO
Reported 6 months ago
Citigroup Inc. is optimistic about the Indian rupee, expecting it to continue outperforming other currencies in Asia due to strong fundamentals, a narrowing current account deficit, and increased inflows following India's inclusion in a global bond index. The rupee has been preferred by global investors for its stability and attractive dynamics, with low volatility levels. However, a key risk lies in potential unexpected outcomes from national elections where Prime Minister Narendra Modi is seeking a third term. The currency's performance will also be influenced by global and US policy rates, as well as movements against other Asian emerging market currencies in the near future.
Source: YAHOO
Reported 6 months ago
Oil prices rose over $1 a barrel on Tuesday due to expectations that OPEC+ will maintain crude supply cuts at its upcoming meeting, the start of the U.S. summer driving season, and a weaker U.S. dollar. Brent crude settled at $84.22 a barrel, up 1.4%, while U.S. crude ended at $79.83 a barrel, up 2.7% from Friday. Traders anticipate OPEC+ to continue voluntary production cuts, with a weaker dollar and the summer driving season boosting demand. Additionally, ongoing conflict in the Middle East and rising air travel data also supported the increase in oil prices.
Source: YAHOO
Reported 6 months ago
The article discusses why Delta Air Lines (DAL) and United Airlines (UAL) deserve their "Strong Buy" ratings. Both airlines stand out in the challenging aviation industry due to their strong balance sheets, high-quality margins, and competitive positions in the market. Delta is highlighted for its low debt levels and high margins, while United has focused on improving margins and bolstering its balance sheet. Both companies have been performing well operationally, maintaining high margins per unit among U.S. legacy airlines. Analysts see strong upside potential for both stocks, with DAL having an average price target of $59.46 and UAL with a price target of $66.55, reflecting their attractive valuations and growth prospects in the industry.
Source: YAHOO
Reported 6 months ago
The article discusses the historic MMA fight between Matt Hughes and Royce Gracie at UFC 60 in Los Angeles in May 2006. Gracie, a legendary figure in MMA, faced off against Hughes, the UFC's welterweight champion, in a highly anticipated matchup. Hughes ultimately defeated Gracie in a dominant performance, marking a significant moment in MMA history and sparking discussions about a changing of the guard in the sport.
Source: YAHOO
Reported 6 months ago
The Investigation Discovery documentary series "Fallen Idols: Nick and Aaron Carter" delves into disturbing allegations against Backstreet Boys singer Nick Carter and his late brother Aaron, with accounts from individuals like Melissa Schuman and Ashley accusing Nick of sexual assault. Schuman details a graphic encounter with Nick in 2003, while Ashley recounts multiple incidents in 2003 when she was 15. The series also explores the dysfunctional family dynamics, allegations of substance abuse, and the impact of online harassment on Aaron Carter's mental health and eventual death. Nick Carter has denied all allegations and faces lawsuits from the accusers.
Source: YAHOO
Reported 6 months ago
The U.S. dollar strengthened after earlier losses as Treasury yields surged and consumer confidence unexpectedly improved. The weak demand in recent Treasury auctions and concerns about inflation supported the dollar. Despite speculation about potential rate cuts, Fed officials emphasized the need for more evidence before adjusting policy. The focus now is on U.S. personal consumption data. ECB rate cut expectations and Japanese inflation data also influenced currency markets.
Source: YAHOO
Reported 6 months ago
Rick Carlisle, current coach of the Indiana Pacers and former NBA player, shared a touching story about the late NBA legend Bill Walton ahead of a playoff game against the Boston Celtics. Carlisle reminisced about Walton's ongoing support, including texting his players during tough playoff situations. He particularly highlighted how Walton once helped him secure VIP tickets for a successful first date with his now-wife, emphasizing the profound impact Walton had on his life both on and off the court.
Source: YAHOO
Reported 6 months ago
Following the passing of NBA legend Bill Walton at the age of 71 after battling cancer, former Celtics player Larry Bird shared a heartfelt statement expressing his love and gratitude towards his friend and teammate. Bird highlighted their 1986 NBA Championship win and described Walton as one of the greatest to play the game. The basketball community mourned Walton's loss, with Indiana Pacers coach Rick Carlisle also reflecting on Walton's significant impact.
Source: YAHOO
Reported 6 months ago
Jupiter entered Gemini on May 25, marking a period from May 25, 2024, to June 9, 2025, where the planet will influence aspects of communication and friendships. During this time, people may experience changes in their social interactions, beliefs, and financial situations. Each zodiac sign can expect different outcomes, such as Aries becoming more social, Virgo excelling in their career, and Pisces focusing on family and nostalgia.
Source: YAHOO
Reported 6 months ago
跟隨外匯最有利可圖的其中一筆交易，日本利率的上升對於振救憂慮的日圓幫助有限。外匯交易者表示，只要對外匯中最賺錢的賭注之一有需求，日圓將難有起色。'殖利率交易'策略讓持續弱化的日圓和升值的美元比幣的情況更加有利，過去一年的總回報率達到18%。這種情況將可能與日本當局引起緊張的對抗，預計央行的下一次政策會議將在兩週後舉行。有市場參與者已經警告說，只要這種殖利率策略依然流行，日圓將有可能重返160.17的34年低點。
Source: YAHOO
Reported 6 months ago
Stanley Tucci, known for his love of Italian food, has declared Spaghetti alla Nerano as one of the best dishes he's ever tasted on his show 'Searching For Italy.' This simple pasta dish, originating in the 1950s at restaurant Maria Grazia in Nerano, features zucchini as the standout ingredient and has gained popularity for its fresh and complementary flavors. Tucci's endorsement has led to a surge in popularity, with fans recreating the dish at home and expressing their delight on platforms like TikTok.
Source: YAHOO
Reported 6 months ago
Former Brewers manager and current Cubs manager Craig Counsell returned to Milwaukee for the first time since taking his new job in Chicago, where he spent nearly two decades. Despite being booed by Brewers fans during his tribute video and lineup exchange, Counsell took it in stride, emphasizing that fans have the right to do so. Reflecting on his departure from Milwaukee and move to Chicago, Counsell acknowledged the emotional significance of the moment and looked forward to enjoying the experience.
Source: YAHOO
Reported 6 months ago
Generation X, comprising Americans aged 44 to 59, has a significant wealth gap, reflected in their savings account balances. A recent survey by GOBankingRates found that while 36% of Gen Xers have less than $100 in savings, 15% have $101 to $500, and 15% have over $10,000. Financial challenges may stem from providing support to children and aging parents. To boost savings, experts suggest prioritizing personal finances, having open money discussions with family, and seeking professional guidance.
Source: YAHOO
Reported 6 months ago
Jon Anik認為Dustin Poirier是一個有機會的局外人，但他了解賭注者為何強烈支持目前UFC輕量級冠軍Islam Makhachev。根據BetMGM的數據，在即將來臨的UFC 302比賽中，Makhachev（25-1 MMA，14-1 UFC）是對Poirier（30-8 MMA，22-7 UFC）的-600贏家。Anik指出Poirier的優勢在於天然力量，但也提到他之前的兩次輸掉冠軍賽是由於被交出。他認為Poirier必須在開場時利用身手優勢。
Source: YAHOO
Reported 6 months ago
Jennifer Love Hewitt revealed in an exclusive interview that she watches pimple popping videos before emotional scenes to maintain focus and avoid distractions from personal thoughts. The 9-1-1 star also shared how having kids has helped her in balancing the dramatic work with a lighter mood, making it easier for her to transition between emotional acting and personal life. Despite past challenging storylines on the show, Hewitt is grateful for the chance to portray her character's moments of happiness and looks forward to what lies ahead in the upcoming seasons of 9-1-1.
Source: YAHOO
Reported 6 months ago
After about a century, the US stock market is returning to settling trades in a single day with the adoption of T+1 trading system, aiming to reduce risks in the financial system. With concerns about potential issues like sourcing dollars on time for international investors and differing speeds of transactions, financial firms are preparing for the transition, led by the Securities Industry and Financial Markets Association's T+1 Command Center to address challenges and ensure readiness.
Source: YAHOO