Reported 6 months ago
American Airlines has dropped the law firm Wilson Elser and hired Kelly Hart & Hallman to defend them in a lawsuit filed by the family of a 9-year-old girl who was filmed in an airplane lavatory by a former flight attendant. Wilson Elser had previously suggested the girl was negligent for not noticing the camera phone taped to the seat. The flight attendant, Estes Carter Thompson III, faces charges of attempted sexual exploitation of children. The girl's family hopes American Airlines will take responsibility with the new legal representation.
Source: YAHOO
Reported 6 months ago
Google's new AI feature, AI Overviews, is generating misleading responses to queries, alarming experts who fear it may perpetuate bias and misinformation. Examples include falsely claiming that astronauts met cats on the moon and that Barack Obama was a Muslim president. While Google is working to address errors, some experts argue that the AI system is irresponsible and could endanger individuals seeking help, particularly in emergencies. Concerns also extend to the potential impact on online forums and the flow of internet traffic to websites.
Source: YAHOO
Reported 6 months ago
AMC Entertainment Holdings Inc. and GameStop Corp. saw their shares rally on Friday after experiencing significant declines earlier in the week. The volatility in these stocks was part of a meme-stock rally influenced by trader Keith Gill, also known as "Roaring Kitty," returning to social media. AMC shares rose 6.4% while GameStop shares gained 3.7% on Friday, following their biggest declines since mid-May. The recent meme-stock frenzy has been described as an "outlier event" by finance experts, with short interest being a key factor in the stocks' movements. Investors are advised to avoid getting caught up in the hype surrounding meme stocks and focus on longer-term prospects.
Source: YAHOO
Reported 6 months ago
Scott Dixon of Chip Ganassi Racing recorded the fastest lap of 227.206 mph during the Carb Day practice session at the Indianapolis 500, ahead of Helio Castroneves and Pato O’Ward. Dixon, starting 21st on Sunday, expressed satisfaction with his car's performance despite his lower starting position. The session also saw Team Penske winning the Pit Stop Challenge, with Josef Newgarden's crew securing the victory.
Source: YAHOO
Reported 6 months ago
At a G7 Finance Minister and Central Bank Governors' Meeting in Stresa, U.S. Treasury Secretary Janet Yellen expressed efforts to salvage a part of the global corporate tax deal focused on highly profitable multinational firms, but highlighted that India is not engaging on issues crucial to U.S. interests. Yellen also mentioned that China has been largely absent in the negotiations for the OECD corporate tax deal's "Pillar 1." The negotiations are crucial in reallocating the taxing rights on U.S.-based digital giants, potentially impacting around $200 billion in corporate profits. Yellen emphasized two key issues for the U.S. in the talks, with India being a roadblock. Failure in the negotiations could lead to the re-imposition of digital services taxes in some countries and reignite trade tensions, with Italy aiming to negotiate an agreement with the U.S. to halt tariffs on imports while keeping its levy in place.
Source: YAHOO
Reported 6 months ago
Entertainment reporter Sam Rubin's death certificate has been released nearly two weeks after his sudden passing, confirming that he died at UCLA West Valley Medical Center. While his official cause of death remains deferred, the investigation is ongoing. Rubin was a beloved figure in Hollywood and the entertainment industry, known for his interviews with A-list stars. Tributes poured in from celebrities like Ben Stiller, Octavia Spencer, and Selma Blair, remembering Rubin's kindness and professionalism. Rubin had a successful career at KTLA, earning multiple awards and recognition for his work as an entertainment reporter.
Source: YAHOO
Reported 6 months ago
Americans are holding onto their cars for longer than ever before, with the average age of a car on the road reaching a record 12.6 years, according to a study by S&P Mobility. Factors such as higher loan costs, rising insurance premiums, and supply constraints due to the pandemic are leading drivers to keep their current vehicles instead of trading them in for newer models. The report predicts that within the next 5 years, older passenger vehicles will make up 70% of all cars, SUVs, and small trucks on the road. Additionally, AAA expects a record 38.4 million drivers to hit the highways over the upcoming three-day weekend.
Source: YAHOO
Reported 6 months ago
The Chicago Blackhawks acquired picks No. 18 and No. 50 in the 2024 NHL Draft through a trade with the New York Islanders, moving up two spots in the first round and four spots in the second round. This trade gives the Blackhawks a total of eight picks in the draft, with six of them falling in the first three rounds.
Source: YAHOO
Reported 6 months ago
Yankees' right-handed reliever Nick Burdi was placed on the 15-day injured list due to right hip inflammation, with righty Yoendrys Gomez recalled from Triple-A Scranton/Wilkes-Barre to replace him. Burdi had been dealing with a right hip ailment earlier in the season and had made seven scoreless appearances before this injury. Gomez, 24, is set to make his first big league appearance in 2024 after working his way up from Triple-A. Additionally, updates were provided on other injured players like DJ LeMahieu, Jasson Dominguez, Oswald Peraza, and Tommy Kahnle, indicating progress in their recovery and rehab assignments.
Source: YAHOO
Reported 6 months ago
The 2024 NBA Playoffs Conference Finals are underway, with the Minnesota Timberwolves facing the Dallas Mavericks in Game 5. The Mavericks are currently leading the series 3-1. The NBA Finals are set to begin on Thursday, June 6, and will be broadcast on ABC. Fans can catch the games on various channels, including ESPN, ABC, TNT, and NBA TV, with streaming options available for those without cable.
Source: YAHOO
Reported 6 months ago
The U.S. Trade Representative's office has extended some Chinese tariff exclusions on 352 Chinese import and 77 pandemic-related categories through June 14, with some extended until May 31, 2025. These exclusions cover various goods like animal-feeding machinery, blood pressure monitors, and thermostats. However, many exclusions are set to expire, leading to additional tariffs on products like garage-door openers and electric motorcycles. This move follows the Trump administration's implementation of tariffs in 2018 and 2019 under Section 301, with President Biden also maintaining and adding to these restrictions on Chinese exports.
Source: YAHOO
Reported 6 months ago
The article highlights the importance of using high-quality body sunscreens to prevent skin cancer, particularly in the face of increasing rates in the US. It provides recommendations for the best body sunscreens of 2024, including options from brands like Supergoop, EltaMD, Sun Bum, and more, based on expert and celebrity endorsements. The article also explains the differences between face and body sunscreens, emphasizes the need for regular reapplication, and provides guidance on selecting the right sunscreen based on skin type and preferences.
Source: YAHOO
Reported 6 months ago
The NCAA's multibillion-dollar antitrust settlement, allowing players to be paid from a revenue-sharing pool, will not deter ongoing efforts to unionize college athletes, according to union advocates. The settlement did not address the question of whether players are employees or student-athletes, prompting continued advocacy for collective bargaining. The NCAA and Power Five conferences have agreed on the settlement, while also lobbying Congress to pass legislation to shield them from future legal challenges and ensure that players are not classified as employees.
Source: YAHOO
Reported 6 months ago
On the latest episode of "Asking for a Trend" on Yahoo Finance, host Julie Hyman discusses the "copy trading" feature with dub Founder and CEO Steven Wang, previews upcoming retail earnings events, and delves into market trends, including the potential approval of a spot Ethereum ETF by the SEC and the implications for the crypto market. The show also covers retail earnings, mortgage rates falling below 7%, and the growth and challenges in the beauty industry, with Elf Beauty's chairman and CEO Tang Amin discussing the company's success and focus on diversity.
Source: YAHOO
Reported 6 months ago
The article discusses the recent market whiplash and the state of index investing, with experts warning about complacency in the market despite solid footing in 2024. Pernas Research Co-Founder and Mahoney Asset Management CEO join to analyze the situation, highlighting cracks in certain market areas while large cap quality performs well. They discuss the importance of considering different sectors for investment opportunities, with a focus on big tech companies like Meta and Apple. The experts also touch on the challenges faced by pandemic darling companies and the potential for their rehabilitation.
Source: YAHOO
Reported 6 months ago
In the latest episode of Market Domination Overtime, hosts Julie Hyman and Jared Blikre analyze the week's market activity, highlighting the major indexes' retreat from record highs due to Nvidia's earnings report and stock split announcement. Charles Schwab's head trading strategist, Joe Mazzola, joins to provide insights on the market's volatility throughout the week. The article also covers Nvidia's strong performance, the impact of stock splits on market momentum, and the growing importance of AI in various industries, especially in autonomous driving technology. As traders navigate uncertainties related to inflation, consumer spending, and crowded AI trades, the article suggests that tech stocks like Nvidia continue to be favored despite perceived overcrowding.
Source: YAHOO
Reported 6 months ago
Charles Schwab Head Trading and Derivatives Strategist Joe Mazzola discusses how recent volatility, signals of higher interest rates, hot inflation prints, and Nvidia's earnings release have shifted investor sentiment on markets, making traders less bullish in Q2. Mazzola notes that tech and industrials were the only sectors that had a good week, with concerns rising about inflation outlooks and market valuations. As traders approach the summer months, uncertainty remains regarding market movements and potential catalysts, such as upcoming earnings reports and consumer spending data. Despite traders feeling that the AI trade is crowded, they still show interest in it, highlighting the ongoing complexity and unpredictability in the current market environment.
Source: YAHOO
Reported 6 months ago
Yahoo Finance's Market Domination discusses the market performance, including the major indexes closing higher before Memorial Day weekend. Nvidia's strong earnings report and demand for AI products, Tesla's scrutiny over Elon Musk's pay package, diversifying portfolios with food stocks, and trending tickers like Workday, Deckers Outdoor, Lions Gate Entertainment, and Petco are highlighted. The discussion emphasizes the current market volatility, potential catalysts, and the importance of diversification and value investing in both large-cap and small-cap sectors. The article concludes by discussing Lions Gate and Petco's financial performance, potential growth opportunities, and the impact of complacency and valuation in the market.
Source: YAHOO
Reported 6 months ago
The article discusses how Nvidia's stock has the potential to reach $1,400 according to Wall Street analyst Hans Mosesmann from Rosenblatt. Despite already doubling in 2024, Nvidia's data center products for AI applications continue to drive growth, with revenue exceeding expectations in the first quarter of fiscal 2025. The company's strong performance in AI, gaming, Ominverse, and automotive sectors suggests further growth potential, especially with the upcoming Blackwell architecture. Mosesmann believes Nvidia will continue to outperform and innovate, potentially leading to even higher stock prices beyond the $1,400 target.
Source: YAHOO
Reported 6 months ago
ESPN's Bill Barnwell awarded the San Francisco 49ers the superlative of being the "team most likely to take an exciting playmaker in the middle rounds who might never see the field" in his assessment of the team's 2024 NFL offseason. Barnwell highlighted the 49ers' history of drafting promising players who end up not making significant contributions, emphasizing the importance of making successful draft picks to maintain a competitive roster. Despite potential depth chart challenges for rookies like Ricky Pearsall, Isaac Guerendo, and Jacob Cowing, the 49ers aim to have them prepared for any opportunities that arise during the upcoming season.
Source: YAHOO
Reported 6 months ago
Knicks associate head coach Johnnie Bryant is being considered for the Cleveland Cavaliers head coaching job after the firing of J.B. Bickerstaff. Bryant, who has been with the Knicks for the past four successful seasons, is known for his player development skills and strong coaching abilities. Cleveland also has former Nets coach Kenny Atkinson and James Borrego on their radar. The Knicks would need to grant permission for Bryant to interview with the Cavs, and Bryant's candidacy could be boosted if Donovan Mitchell remains in Cleveland. Mitchell, who has expressed happiness in Cleveland, is eligible for a contract extension. If Mitchell decides not to sign, Cleveland may consider trading him, with the Knicks being one of the teams mentioned as having interest in the past.
Source: YAHOO
Reported 6 months ago
First Solar's stock surged by 40.1% due to positive analyst coverage and expectations of benefiting from the AI revolution. The company's stock hit a decade-long high after China's solar regulatory agency advocated against pricing wars. Analysts at UBS, Piper Sandler, and JPMorgan Chase raised price targets, anticipating significant earnings growth. With a market cap of $29.6 billion, First Solar's long-term growth potential and recent stock momentum as an AI play suggest a sustained rally may be ahead.
Source: YAHOO
Reported 6 months ago
Yahoo Finance's Julie Hyman highlights key events to watch next week, including retailers' quarterly results from companies like Abercrombie & Fitch, American Eagle Outfitters, and Costco Wholesale. Additionally, US consumer confidence data is expected, along with commentary from Federal Reserve Presidents Loretta Mester and Neel Kashkari. The week will end with the release of the Personal Consumption Expenditures Price Index.
Source: YAHOO
Reported 6 months ago
CBS' Elsbeth finale was the most-watched show on Thursday, with a 14% increase in viewership from the previous week. ABC's 9-1-1 led the night in the demo ratings, while shows like The Price Is Right at Night and Grey's Anatomy also saw audience growth and highs in viewership. NBC's The Wall and FOX's I Can See Your Voice maintained steady ratings, and Don't Forget the Lyrics returned to typical numbers.
Source: YAHOO
Reported 6 months ago
SoundHound AI's stock has surged by 138% this year, with strong revenue growth reported in the first quarter of 2024. Despite this, the company is still relatively small and burning cash at a higher rate, leading to operating losses. While SoundHound AI holds a significant cash balance, it raised capital by selling $137 million worth of stock, which may have inflated share prices. The stock is currently overvalued with a P/S ratio of 24.8, making it a speculative investment with considerable risks, especially with increasing competition in the AI voice recognition sector. The article suggests that there are potentially stronger investment opportunities in the AI landscape from larger and more established companies.
Source: YAHOO