Reported 6 months ago
Ty Gibbs has secured the pole position for the Xfinity Series race at Charlotte Motor Speedway, with Kyle Busch starting alongside him in second place. The race is set to include six drivers competing in both the Xfinity and Cup races, with the green flag scheduled to wave at 1:19 p.m. ET on Saturday.
Source: YAHOO
Reported 6 months ago
The article discusses how dub Founder and CEO Steven Wang explains the concept of "copy trading" on his brokerage platform, allowing investors to buy into portfolios based on the investments of politicians and business leaders. This platform features portfolios linked to figures like Nancy Pelosi, Jerome Powell, Bill Ackman, and Warren Buffett. Wang emphasizes the trend of following people and ideas in investing, particularly among Gen Z and Millennial retail traders, as opposed to traditional number-focused strategies. Dub aims to bring trust and transparency to the investment system, offering a regulated platform that validates traders' track records to mitigate risks associated with the cult of personality in investing.
Source: YAHOO
Reported 6 months ago
Marvin Harrison Jr. has officially signed with the Arizona Cardinals, allowing the NFL Players Association to sell his jerseys as per his contract. While there was initially a dispute with Fanatics that led to a lawsuit, Harrison has now authorized the sale of his jerseys, although they are not yet available on the Cardinals' website or Fanatics online store.
Source: YAHOO
Reported 6 months ago
Nvidia has announced a 10-for-1 stock split, a move historically associated with outperforming the S&P 500. Stock splits aim to make shares more accessible to investors. Bank of America's research shows that companies that undergo stock splits tend to perform well after the split, with 30% experiencing declines. The trend of stock splits had declined but is now seeing a resurgence, with 36 S&P 500 companies above $500 per share potentially being eligible. There's speculation that companies undergoing stock splits could join the Dow Jones Industrial Average, as it is price-weighted.
Source: YAHOO
Reported 6 months ago
IndyCar officials have outlawed the "Tail of the Dragon" maneuver at the Indianapolis 500, a move that brought racers dangerously close to disaster near the pit attenuator wall. Cars crossing the dashed white line from Turn 4 to the pit entry will now be penalized, with possible penalties including drive-through penalties or time penalties. The rule change was implemented ahead of the 108th Indianapolis 500, aiming to prevent potentially dangerous racing tactics like the zig-zag move used in previous races.
Source: YAHOO
Reported 6 months ago
Families of Uvalde school shooting victims have filed two lawsuits against Meta, Microsoft, and gunmaker Daniel Defense, alleging they marketed dangerous weapons to impressionable teens like the Uvalde shooter. The complaints claim that Daniel Defense used Instagram and Activision's video game Call of Duty to promote assault-style rifles to teenage boys, with Meta and Microsoft facilitating the strategy. The lawsuits were filed on the two-year anniversary of the shooting, where 19 children and two teachers were killed. The families' lawyers argue that these companies exposed the shooter to the weapon and trained him to use it, leading to the tragic incident.
Source: YAHOO
Reported 6 months ago
Lonzo Ball expects to be ready to play for the Chicago Bulls in the first game of the 2024-25 NBA season, as revealed on the second episode of his podcast "What An Experience." Despite undergoing three knee surgeries since January 2022, including a meniscus repair, arthroscopic debridement, and cartilage transplant, Ball is optimistic about his return and is currently at about 70% health. His recovery has been challenging, but he is determined to make a comeback and aims to be fully prepared when the season begins in October.
Source: YAHOO
Reported 6 months ago
Source: WSJ
Reported 6 months ago
In a segment on Good Buy or Goodbye?, Mizuho Securities Managing Director and Senior Consumer Equity Research Analyst John Baumgartner discusses food stocks for investors' portfolios. Baumgartner recommends Utz Brands (UTZ) as a "good buy" due to consumer preference for salty snacks, market share growth, and profit increases from restructuring. He points out that Utz is investing in AI analytics for margin expansion. On the other hand, Beyond Meat (BYND) is flagged as a stock to avoid due to demand weakness, competition from Impossible Foods, and potential equity dilution.
Source: YAHOO
Reported 6 months ago
GameStop's stock surged after the company announced it raised nearly $1 billion through a stock sale program, selling 45 million shares to raise around $933 million. The move came in response to a spike in trading earlier in the month, with the stock jumping by 25% in extended trading. GameStop plans to use the proceeds for general corporate purposes, including acquisitions and investments, as its underlying business has been struggling due to the shift towards digital game downloads.
Source: YAHOO
Reported 6 months ago
The article provides tips on how to determine if an avocado is ripe before cutting into it, avoiding the disappointment of finding it either unripe or overripe. Suggestions include checking under the stem for a green color, examining the outer skin for bruises, and gently squeezing the avocado to determine its ripeness stage: firm, breaking, ripe, or overripe. It also emphasizes the importance of using ripe avocados promptly for the best taste and texture.
Source: YAHOO
Reported 6 months ago
The Motley Fool article discusses the recent surge in altcoins such as Uniswap, Lido Staked Ether, and Arbitrum, following the approval of an Ethereum exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). The approval of the Ethereum ETF indicates Ethereum is seen as a commodity, potentially paving the way for more crypto tokens to follow suit. The market speculation surrounding the approval has led to increased value in related tokens and a positive outlook for the crypto industry's future, despite potential volatility on the path to sustainability.
Source: YAHOO
Reported 6 months ago
Yahoo Sports' Zero Blitz podcast discusses the potential impact of Caleb Williams, the No. 1 overall pick, on the Chicago Bears as he steps in as their new quarterback. The hosts debate whether Williams can live up to the expectations and bring success to a team that has long awaited a solid quarterback. They highlight the talent surrounding Williams and the excitement he could bring, even if he faces challenges typical of a rookie quarterback.
Source: YAHOO
Reported 6 months ago
"South Park: The End of Obesity" is a new animated special on Paramount+ tackling the Ozempic craze, centered around a weight-loss drug taking over South Park. Cartman's quest for the drug leads to unexpected consequences, including the existence of Skinny Cartman. The special is part of a series of South Park specials available on Paramount+, with a free trial option for new subscribers.
Source: YAHOO
Reported 6 months ago
Chicago Bulls point guard Lonzo Ball revealed the extent of his knee injury on his podcast, detailing the multiple surgeries he underwent, including needing a meniscus donor due to repeated tears and bone-on-bone rubbing. Despite being sidelined since January 2022, Ball is progressing towards full health and aims to return to the court for the Bulls this season, a historic achievement given the severity of his injury. Ball's recovery timeline could see him back in action by August or early September in preparation for the upcoming NBA season.
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 of the 2024 NFL offseason who might not see the field, citing their past draft misses and the depth of star players on the team. Despite potential buried depth chart positions for rookies like Ricky Pearsall, Isaac Guerendo, and Jacob Cowing, the 49ers hope they will be ready if called upon to contribute in the upcoming season.
Source: YAHOO
Reported 6 months ago
Hailey Bieber, who announced earlier this month that she is expecting her first baby with husband Justin Bieber, shared photos on Instagram from their trip to Japan, showcasing her growing bump in various outfits. Justin also posted snaps of Hailey's bare baby bump, with the couple enjoying their time in Japan. Hailey confirmed her pregnancy earlier this month, with a rep stating she is just over six months pregnant.
Source: YAHOO
Reported 6 months ago
First Lady Jill Biden chose a royal blue Sergio Hudson gown for the White House's state dinner honoring Kenyan President William Ruto, not only to support the American designer and domestic manufacturing but also as a way to bring positivity and uplift spirits through fashion in a divisive political climate. Hudson, known for dressing Vice President Kamala Harris, expressed his honor in dressing the first lady and his support for the Biden team, with plans for future collaborations. He credits his family and early fashion influences for his career path and is set to unveil his first resort collection soon.
Source: YAHOO
Reported 6 months ago
Chicago Sky rookie Angel Reese made a statement game against the New York Liberty, highlighting that the recent surge in WNBA popularity is not solely due to rookie Caitlin Clark, as suggested by some. Reese emphasized the collective impact of players like herself, Kamilla Cardoso, Cameron Brink, and Rickea Jackson in changing the game and attracting audiences, challenging the notion that one person is solely responsible for the league's success. Reese's performance and perspective shed light on the broader contributions of various players to the WNBA's rise in popularity.
Source: YAHOO
Reported 6 months ago
GameStop's shares surged by 15% after the company announced it had raised nearly $933.4 million by selling 45 million shares through an "at-the-market" offering, following the disclosure of their share sale plan earlier in the month. This move comes amid a retail buying frenzy triggered by the resurgence of "Roaring Kitty" Keith Gill on social media. The company's shares had quadrupled in value from late April to mid-May, then dropped by around 60% before the recent increase. GameStop did not disclose the exact sale price but calculations suggest an average price of $20.74 per share, with the stock currently trading at $21.93. The proceeds will be used for general corporate purposes, potentially including acquisitions and investments.
Source: YAHOO
Reported 6 months ago
Petco's stock has seen a rise following their better-than-expected first-quarter earnings report and positive full-year guidance, indicating a potential return to positive free cash flow within the year. Despite a high short interest in the company, the shares have continued to climb, up 12% year-to-date. This positive performance has been attributed to the company's strong financial results and the potential for positive free cash flow in 2024, despite previous challenges and market conditions.
Source: YAHOO
Reported 6 months ago
A group of Tesla shareholders, including New York City Comptroller Brad Lander, are urging others to vote against Elon Musk's $56 billion pay package, citing distractions from other companies he runs and a lack of independent board governance at Tesla. Lander criticizes Musk's pay as "stratospheric" and emphasizes the need for a focused Tesla CEO to prioritize the company's success. The shareholders aim to push for better governance and accountability, highlighting the importance of independent shareholder governance.
Source: YAHOO
Reported 6 months ago
Andrea Spendolini-Sirieix won the individual women's 10m platform final at the British Diving Championships, securing her spot in the event at the Olympics in Paris this summer with a score of 363.7 points. Additionally, Jack Laugher claimed victory in the men's 3m springboard, positioning himself well for selection for the event in Paris. Both athletes are already part of Team GB's diving squad for the Olympics.
Source: YAHOO
Reported 6 months ago
Despite bearish outlooks on Wall Street gaining traction among some traders, the high-momentum rally on Wall Street is causing these bearish trades to rapidly decline. Traders who placed bets against the Nasdaq 100 and volatility rising are facing losses as the tech-heavy index continues to climb and bullish sentiment prevails. The rally is fueled by surging corporate earnings, crypto excitement, and strong performance in riskier assets, leading to a challenging environment for those betting against the market's current trajectory. Additionally, factors like sky-high valuations, a hesitant Federal Reserve, and ongoing political uncertainties are keeping prudence in check.
Source: YAHOO