Reported 6 months ago
The Basketball Africa League (BAL) is working to boost the women's game in Africa through collaborations with Fiba and initiatives like the BAL4HER project. BAL president Amadou Gallo Fall aims to expand the female talent pool across the continent by supporting women's participation and development at grassroots levels. The league also hopes to establish itself as a top professional league in the future, with financial backing from the NBA and Fiba, while focusing on sustainability and profitability.
Source: YAHOO
Reported 6 months ago
In a bullish market without significant fluctuations, cautious investors are struggling to effectively hedge their positions as traditional options like buying put options have not been paying off. Volatility sellers have driven the VIX Index to its lowest level since 2019, and the S&P 500 Index has not seen a 2% drop in over 300 days. Some investors have turned to alternative assets like US regional banks, small caps, and retail stocks for short selling, but these strategies have not been successful. As a result, investors are resorting to blunter hedging instruments such as futures and ETFs, which provide less leverage but do not decay in value like options.
Source: YAHOO
Reported 6 months ago
Saudi Arabia is reportedly planning a multi-billion-dollar share sale in energy giant Aramco as early as June, aiming to raise around $10 billion in one of the region's largest stock deals. The offering will be a fully marketed one in Riyadh, with banks like Citigroup, Goldman Sachs, and HSBC lined up to manage the sale. This move aligns with Saudi Arabia's Vision 2030 economic transition, focusing on expanding the private sector and non-oil growth. Aramco, which expects to pay $31 billion in dividends despite lower earnings, remains predominantly owned by the Saudi government.
Source: YAHOO
Reported 6 months ago
Lady Gaga stunned in a gown featuring a car part at the premiere of the Chromatica Ball in Los Angeles on May 23, revealing that she had COVID during five of her shows but didn't want to disappoint her fans.
Source: YAHOO
Reported 6 months ago
Major banks Citigroup, Barclays, and HSBC are increasing their push for employees to return to the office full-time for five days a week, as reported by Bloomberg. This shift in policy involves asking hundreds to thousands of employees to come back to the office, a change from their previous flexible work-from-home policies. The move is partly in response to a reinstated policy from Finra Fi A requiring periodic workplace inspections, prompting banks to prefer office work over managing remote offices. This change reflects the evolving dynamics of remote work in the financial sector and its impact on employee-employer relationships.
Source: YAHOO
Reported 6 months ago
Donald Trump is considering Senator Tom Cotton as a potential vice presidential candidate for the upcoming election. Cotton is praised by Trump for his communication skills and military background, but his hawkish foreign policy views and controversial stances, such as calling for the deployment of federal troops against protesters, have raised concerns. Despite these issues, many Republicans in the current GOP seem to support Cotton's candidacy, leaving the question of whether he would indeed be chosen as Trump's running mate.
Source: YAHOO
Reported 6 months ago
Elon Musk has refuted claims from a Bloomberg report suggesting that SpaceX might be in talks to sell existing shares, stating that the company does not need additional capital and plans to buy back shares. The report indicated that shares could be priced between $108 to $110, valuing SpaceX at over $200 billion. Musk also mentioned SpaceX's valuation doubling since 2021 and its various contracts with NASA and governments. Additionally, Musk's startup xAI is set to complete a funding round that could value the company at over $24 billion.
Source: YAHOO
Reported 6 months ago
Cornerback Carlton Davis, recently traded from the Buccaneers to the Lions, expressed his excitement about his new team in Detroit, comparing it to the 2020 Super Bowl-winning Buccaneers. Davis is optimistic about the talent, coaching staff, and competitive environment in Detroit, believing he can play a significant role in the defense by shutting down top receivers and potentially helping the Lions reach the Super Bowl this season.
Source: YAHOO
Reported 6 months ago
Franz Rogowski and Barry Keoghan, who star in Andrea Arnold's "Bird," discussed their roles in the film at Cannes where they bonded despite limited on-screen time. The movie follows Bailey, a 12-year-old girl navigating her identity in England, and her bond with Bird, played by Rogowski. The actors praised Arnold's unique approach, which involved improvisation and waiting for the right moments on set. Keoghan drew from personal experiences for his role, and Rogowski highlighted the collaboration with newcomer Nykiya Adams. The film explores themes of coming of age and family dynamics in a heartwarming yet prickly narrative, potentially positioning Arnold for her first Palme d’Or.
Source: YAHOO
Reported 6 months ago
The article discusses a Golden Retriever named Bonchi who loves playing a special game of "hide-n-seek" with his owners. In this game, Bonchi goes into the closet, and when the door is opened, he happily greets his owners. The article highlights the joy and excitement that dogs experience while playing games with their owners and suggests various other fun games like fetch, tug-of-war, and creating obstacle courses to keep dogs entertained and active.
Source: YAHOO
Reported 6 months ago
La Luz's evolution from surfy harmonies to high art is explored in their latest album "News of the Universe," released under Sub Pop. Despite facing challenges like a near-fatal accident and personal health issues, frontwoman Shana Cleveland has led the band to create a mature and expansive sound that combines elements of krautrock, prog, synth-pop, and '70s pop-rock. The album showcases poetic lyrics and melody-rich stunners, reflecting a vision of rock-as-high-art. Overall, "News of the Universe" is praised for its robust sonics, controlled arrangements, and progress in expanding the band's aesthetic.
Source: YAHOO
Reported 6 months ago
Oil prices are facing a weekly loss due to concerns about future fuel demand, with an upcoming OPEC+ meeting likely to result in production cut extensions. OPIS Global Head of Energy Analysis Tom Kloza predicts gas prices in the US could drop to $3 or less per gallon by November, despite recent price drops and potential hurricane threats impacting oil and gas prices. Retailers have not fully passed on the savings to consumers, but Kloza suggests that oil and gas prices may surge by August before potentially dropping later in the year.
Source: YAHOO
Reported 6 months ago
The New York Knicks are reportedly not looking to trade Julius Randle unless it becomes necessary to acquire a star player to enhance their roster. The team aims to keep their core intact and is focused on adding another star player to complement their team culture. While Randle is not actively being shopped, the Knicks understand that pursuing a star may involve trading him. The team also has other roster issues to address, such as potential contract extensions for players like Jalen Brunson and OG Anunoby, as well as the free agency status of Isaiah Hartenstein.
Source: YAHOO
Reported 6 months ago
The article discusses how the typical summer slowdown in the U.S. stock markets may be more significant this year due to inflation concerns and an early presidential debate, potentially affecting the recent rally that has driven the S&P 500 close to record highs. The S&P 500's 12% increase this year might not continue as summer historically sees lower stock market activity, and uncertainties around rate cuts and the upcoming presidential election could contribute to market choppiness. Inflation data will play a vital role in determining market direction, especially in relation to Treasury bond yields, with upcoming reports expected to impact Fed rate cut expectations. Moreover, the tight race between President Joe Biden and former President Donald Trump adds to the market uncertainties, with the potential for a pullback as investors assess the election's outcome and policy implications.
Source: YAHOO
Reported 6 months ago
Novak Djokovic heads to the French Open after a loss in the Geneva Open semi-finals to Tomas Machac. The world number one is aiming for a fourth French Open title but has had a challenging start to the season, not reaching any finals in 2024 before defending his crown at Roland Garros. Djokovic's preparation included playing in Geneva to build up court time after early exits in previous tournaments, experiencing physical discomfort and a lackluster performance in the semi-final match against Machac.
Source: YAHOO
Reported 6 months ago
Zach Roloff from "LPBW" opened up about parenting on his podcast, mentioning that the hardest part is feeling guilt when not doing it well. He and his wife, Tori, shared insights about the selflessness and stress that come with raising their three children, expressing concerns about making the right choices and supporting their kids for the next 18 years. Tori added that despite the stress, their kids adore Zach. On Mother's Day, Tori shared photos with her children, expressing gratitude for being their mother.
Source: YAHOO
Reported 6 months ago
Following the U.S. government and states' lawsuits to break up Live Nation and Ticketmaster, the first consumer antitrust lawsuit has been filed in Manhattan federal court seeking $5 billion in damages on behalf of ticket purchasers. The lawsuit accuses Live Nation of monopolizing the live events industry and stifling competition. Legal experts note that while proving antitrust cases to juries can be challenging, the case may resonate with consumers concerned about ticket prices. The Justice Department's prior case in 2010 involving Live Nation's merger with Ticketmaster is being cited, raising legal and factual questions about potential remedies.
Source: YAHOO
Reported 6 months ago
TotalEnergies' chairman and CEO, Patrick Pouyanne, has been re-appointed to the company's board with around 76% of shareholder votes at their annual general meeting in Paris. Additionally, the meeting approved the company's climate strategy progress report with 79.72% of votes, a decrease from the previous year's approval rate of 88.76%.
Source: YAHOO
Reported 6 months ago
CeraVe's No. 1 bestselling eye repair cream, recommended by dermatologists and celebrities like Olivia Wilde, is on sale for just $11, down from $20. The cream is designed to reduce dryness, dark circles, and puffiness, and is fragrance-free, hypoallergenic, and non-comedogenic. With over 40,000 five-star reviews, users have reported brighter, younger-looking eyes after using the product. While some users with sensitive skin have experienced slight irritation, many have praised the cream for its effectiveness in reducing dark circles and puffiness.
Source: YAHOO
Reported 6 months ago
Stocks like (^DJI, ^IXIC, ^GSPC) are rising despite challenges in a higher-for-longer rate environment, as investors weigh earnings growth against inflation data. Bernstein Private Wealth Management Senior Investment Strategist Matthew Palazzolo discusses the market's current "tug-of-war" between these two factors and suggests considering healthcare and staples sectors to support against potential downturns and volatility. Palazzolo also highlights the importance of Federal Reserve rate cuts, noting that once initiated, market participants can observe the direction of travel. He recommends sectors like energy for better value retention amidst inflation concerns.
Source: YAHOO
Reported 6 months ago
BofA suggests that Nvidia's recent 10-for-1 stock split could be the beginning of a trend in the tech sector, as several high-priced companies like Microsoft and Meta Platforms approach levels that may prompt similar splits. The bank identified 36 S&P 500 firms with share prices over $500 as potential candidates for splits, including Broadcom, ServiceNow, and Netflix. Stock splits are seen as a way to make shares more accessible to a broader investor base, and historically, companies that split their stocks have seen strong returns in the following year. Nvidia's split follows a trend in the tech industry, with other megacap stocks like Apple and Tesla also undergoing splits in recent years.
Source: YAHOO
Reported 6 months ago
Tesla CEO Elon Musk criticized the Biden Administration's decision to increase tariffs on Chinese electric vehicles from 25% to 100%, stating that restrictions on freedom of exchange or market distortion are detrimental. This shift in tone from Musk's previous support for Chinese tariffs reflects concerns about cheap Chinese EVs flooding global markets and undermining competitors. Other industry leaders, like Carlos Tavares, have also expressed skepticism about tariffs as a solution, emphasizing the need for Western carmakers to restructure to compete with lower-cost Chinese manufacturers.
Source: YAHOO
Reported 6 months ago
Atlanta Federal Reserve President Raphael Bostic believes that the Federal Reserve will continue to raise interest rates for a longer period due to slowing progress against inflation, with Citigroup's Chief US Economist Andrew Hollenhorst suggesting that the Fed may need to implement a series of rate cuts to cool down the economy and tackle inflation. Despite a strong Purchasing Managers Index (PMI) report indicating economic acceleration, Hollenhorst points out that consumer data, such as weaker retail sales, suggests a different story, highlighting the need for a balanced approach by the Fed. The current challenging economic environment may lead to a series of rate cuts once initiated, emphasizing the importance of monitoring employment data.
Source: YAHOO
Reported 6 months ago
FedEx has resumed international priority inbound and outbound services in Ukraine after a two-year suspension, while services in Belarus and Russia will remain suspended. The suspension of services in the region was initially due to Russia's invasion of Ukraine on February 24, 2022. UPS's operations in Ukraine, Belarus, and Russia continue to be suspended as well.
Source: YAHOO
Reported 6 months ago
Falcons offensive coordinator Zac Robinson believes that quarterback Kirk Cousins' previous experience with coaches like Kevin O'Connell will be beneficial for their partnership, despite never having played together before. Cousins' ability to recall past offenses under coaches like O'Connell and Klint Kubiak is seen as a "comfort" by Robinson, who hopes this shared background will help Cousins quickly adapt to the Falcons' offensive system and improve the team's quarterback play, aiming for a successful season ahead.
Source: YAHOO