Reported 6 months ago
The article discusses a clash in the aluminum market between Trafigura Group, a commodities trading giant, and banks and hedge funds over a massive aluminum stash worth over $1 billion at London Metal Exchange warehouses. Trafigura has been delivering large volumes of aluminum onto the LME, prompting banks and hedge funds to buy up the metal and order it back out of the warehouse system. This has led to changes in aluminum ownership worldwide, warehouse queues, and speculation about potential shortages, with Trafigura accumulating aluminum in Port Klang and then transferring it onto LME warrant. The article highlights the ongoing battle for aluminum stockpiles, the impact on market dynamics, and differing views on aluminum prices and demand.
Source: YAHOO
Reported 6 months ago
During a G7 finance meeting in Italy, European Central Bank policymaker Fabio Panetta stated that Italian banks, including UniCredit and Intesa Sanpaolo, must cease their business activities in Russia due to reputational concerns. Panetta highlighted the complexities and challenges associated with exiting Russia, emphasizing the need for banks to disengage despite the difficulties involved. This directive follows UniCredit's Russian arm experiencing asset seizures related to a gas project. Both UniCredit and Intesa have faced obstacles in finding buyers for their Russian businesses due to Western sanctions, with supervision from European and U.S. authorities overseeing their exit strategies.
Source: YAHOO
Reported 6 months ago
The article discusses how a woman in St. Louis bought a four-bedroom, two-bathroom house for $135,000, highlighting the affordability and lower competition in the Midwest housing market. The Midwest is noted as a bright spot due to its affordable listings, thriving local economies, and friendly communities, making it an attractive option for homebuyers. The region stands out for its affordable housing costs, with cities like St. Louis offering relatively low median home prices compared to the national average.
Source: YAHOO
Reported 6 months ago
Rafael Nadal stated that there is a "big chance" that this year's French Open could be his last, but he will need time after the tournament to make a final decision. As the record 14-time French Open champion, Nadal is unseeded for the first time since 2005 due to injuries, facing the possibility of drawing a seeded player in the first round against Alexander Zverev. Despite his physical challenges, Nadal has not ruled out playing beyond 2024 and mentioned he is enjoying tennis and traveling with his family, leaving the door slightly open for future participation.
Source: YAHOO
Reported 6 months ago
Memorial Day is a federal holiday observed on the last Monday in May, honoring America's fallen soldiers. Government offices, post offices, courts, and schools are closed, as well as U.S. stock markets and banks. While Costco will be closed, most retailers will be open with promotional sales, and travel is expected to increase with 43.8 million travelers, including a record number of car travelers, projected for the holiday weekend. FedEx and UPS services will also be limited on Memorial Day.
Source: YAHOO
Reported 6 months ago
BlackRock, a key shareholder in Anglo American, reportedly encouraged the company to continue discussions with BHP Group regarding a proposed 38.6 billion pound mining merger, along with support from other significant shareholders like Ninety One and Sanlam Investments. BHP now has until May 29 to make a firm bid for Anglo American. BlackRock, holding a 9.6% stake in Anglo, is also a shareholder in BHP. BHP is expected to focus on addressing Anglo's concerns about execution risks in their proposal. However, there are differing opinions on the deal's structure, with Anglo potentially seeking alterations or a higher payout from BHP. Responses from Anglo American, BHP Group, and BlackRock regarding the situation were not provided.
Source: YAHOO
Reported 6 months ago
Luka Dončić led the Dallas Mavericks to a 109-108 victory over the Timberwolves in Game 2 of the Western Conference finals with a game-winning 3-pointer. Despite a tense final minute, Dončić's clutch performance, including a 32-point, 13-assist, 10-rebound stat line, solidified his status as one of the best players in the league. His ability to control the game and make crucial plays in the decisive moments has propelled the Mavericks to a 2-0 series lead. The article highlights Dončić's impact on the court and his growing reputation as a superstar in the NBA.
Source: YAHOO
Reported 6 months ago
Three companies, including Meta, Activision, and Daniel Defense, are facing wrongful death lawsuits related to the Uvalde school shooting of 2022. The lawsuits accuse the companies of contributing to the behavior of the shooter through means such as aggressive marketing on Instagram and the inclusion of weapons in video games. The suits allege that the shooter was influenced by these companies before committing the tragic act, resulting in the death of 21 individuals at Robb Elementary School.
Source: YAHOO
Reported 6 months ago
Source: INVESTORS
Reported 6 months ago
A stock split is when a company divides each share of its stock into a set amount of shares, increasing the outstanding shares and liquidity while lowering the stock price to make it more accessible to investors. This process allows investors to own more shares at a lower price, ultimately making ownership more accessible to a wider array of people.
Source: YAHOO
Reported 6 months ago
Production designer Helen Jarvis, working on the series 'Shōgun,' discussed her experience of delving into a new culture she was unfamiliar with, having not read the book the series is based on or traveled to Japan where the story is set. This was highlighted in a webchat hosted by Gold Derby editor Ray Richmond as part of the 'Meet the Experts' panel for production designers.
Source: YAHOO
Reported 6 months ago
The article ranks 8 store-bought mayonnaise brands from worst to best based on a blind taste test. The winner was Duke's Mayonnaise, known for its custard-like texture and distinct tangy flavor due to its high egg ratio and lack of sugar. Other brands like Hellman's and Walmart's Great Value were also praised for their creamy textures and versatile uses in recipes. Miracle Whip was highlighted as a different product from traditional mayo, containing less oil and additional ingredients like sugar and spices.
Source: YAHOO
Reported 6 months ago
The article discusses how an $8.99 ALDI steak, specifically the Wright USDA Choice Bacon Wrapped Sirloin Filet, is a cheaper alternative to higher-priced steaks like those from Omaha Steaks and Kansas City Steaks. The author highlights the quality and value of the ALDI steak, emphasizing its tenderness and flavor when grilled or cooked in a pan. They suggest seasoning the steaks simply with salt, pepper, garlic, and onion powder, and note that they are a great option for summer grilling.
Source: YAHOO
Reported 6 months ago
The article discusses the 11 best-dressed celebrities at the 2024 Cannes Film Festival, highlighting their standout looks and fashion choices. From Yseult in a custom Christian Dior ensemble to Bella Hadid in a Vintage Versace dress, the celebrities showcased a range of styles from elegant to avant-garde, adhering to the festival's strict dress code while still making bold fashion statements.
Source: YAHOO
Reported 6 months ago
A man in Oregon was arrested for pouring bleach into a hatchery tank, killing 18,000 Chinook salmon that were part of a program aiming to replenish the endangered salmon population. This senseless act has caused outrage among local communities and wildlife advocates, with potential fines of up to $13 million as the salmon were endangered. The incident highlights the importance of respecting nature and wildlife to protect ecosystems and endangered species.
Source: YAHOO
Reported 6 months ago
Treasury Secretary Janet Yellen emphasized the need to boost revenue to address the challenges posed by a projected higher interest rate environment in the US, which will make it more difficult to manage borrowing needs and interest expenses. Yellen highlighted the importance of negotiating with Republican lawmakers to ensure the nation's fiscal sustainability, discussing the administration's budget proposals and the impact of rising interest rates on debt servicing costs. She also mentioned upcoming tax negotiations and the potential implementation of a global corporate minimum tax deal as ways to address revenue needs.
Source: YAHOO
Reported 6 months ago
Medical Properties Trust has been addressing financial challenges by working with tenants and selling hospital properties to repay debt and increase liquidity. By selling assets, the REIT has managed to generate significant liquidity, surpassing its initial target of $2 billion. With a recent $800 million refinancing deal secured by 27 U.K. hospital properties, the REIT can now address upcoming debt maturities more comfortably, potentially avoiding the need to cut its dividend again.
Source: YAHOO
Reported 6 months ago
The article discusses the lucrative investment opportunities presented by two prominent companies listed on the Nasdaq Composite index: Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN). Both companies have historically created many millionaires, with Apple's stock up 319% since 2019 and Amazon's up 96%. Amazon's diverse business model, dominance in e-commerce, and growth in cloud services and digital advertising make it an attractive investment despite its premium stock price. On the other hand, Apple's focus on AI and services, along with its strong consumer base, position it well for future growth. Despite concerns over product sales, Apple's recent focus on AI and services could lead to significant gains.
Source: YAHOO
Reported 6 months ago
The article discusses three reasons why investors should consider buying Bitcoin. Firstly, its fixed supply cap of 21 million coins sets it apart from other assets whose supplies can increase, making it a hedge against inflation. Secondly, the approval of spot ETF products allows for easier access to Bitcoin, attracting more capital inflows. Lastly, Bitcoin's expanding infrastructure, with various financial products and services being developed around it, suggests potential long-term growth and integration into the financial system, akin to the early days of the internet.
Source: YAHOO
Reported 6 months ago
Former NFL player Greg Hardy, who has transitioned to boxing and MMA, was knocked out in a Texas Combat League match by Patrick Mailata, ending Hardy's 3-0 boxing record. Hardy, 35, had previously participated in MMA events and was released by the UFC in 2022. He last played in the NFL in 2015 for the Cowboys, following domestic violence allegations and missing most of the previous season.
Source: YAHOO
Reported 6 months ago
The article discusses three reasons why the author would consider claiming Social Security benefits at age 62. The reasons include deteriorating health, financial difficulties, and maximizing household benefits with a spouse. While the author personally plans to claim benefits at 70 for a larger monthly check, they acknowledge that claiming at 62 may be a suitable option for some individuals based on their circumstances. It emphasizes the importance of reviewing retirement plans regularly and making adjustments as needed.
Source: YAHOO
Reported 6 months ago
The article discusses shocking comments made by Nvidia CEO Jensen Huang, as revealed by Fool.com contributor Parkev Tatevosian. The comments could have implications for investors. The Motley Fool Stock Advisor team did not recommend Nvidia as one of the top 10 stocks to buy now, but rather identified other potential high-return stocks. Tatevosian, who is affiliated with The Motley Fool, has no position in the mentioned stocks. The article also emphasizes the success of Stock Advisor in providing investment guidance and stock picks.
Source: YAHOO
Reported 6 months ago
The article discusses how following a Mediterranean diet rich in fruits, vegetables, and anti-inflammatory foods can help lower the risk of cancer by providing essential vitamins and minerals that processed foods and red meats lack. Oncologists Dr. Daniel Landau and Dr. Anaum Maqsood emphasize the importance of avoiding processed meats and ultra-processed foods due to their carcinogenic properties. Additionally, reducing alcohol consumption is recommended to lower cancer risk. The focus is on eating a variety of healthy, nourishing foods rather than restrictive choices to enjoy a balanced diet that supports overall health and cancer prevention.
Source: YAHOO
Reported 6 months ago
Caitlin Clark and the Indiana Fever are set to play the Las Vegas Aces in her next WNBA game tonight at 9 p.m. ET. After securing their first win of the season and breaking a five-game losing streak, Clark is looking to continue her success with her new team. The game can be watched on NBA TV, streaming on League Pass, and airing locally on Silver State Sports & Entertainment Network and WTHR Channel 13. Various streaming options like Fubo TV, DirecTV, and WNBA League Pass are available for viewers to watch the game without cable.
Source: YAHOO
Reported 6 months ago
King Charles and Prince William are reportedly engaged in extensive discussions regarding the possibility of stripping Prince Harry and Meghan Markle of their royal titles, but ultimately, it is unlikely that this will happen due to concerns about the potential impact on the monarchy's image and the negative public perception it could generate.
Source: YAHOO