Reported 6 months ago
Bundesbank President Joachim Nagel suggests that the European Central Bank should wait until September for a potential second interest-rate cut following an anticipated reduction in borrowing costs in June. Nagel emphasized caution in implementing subsequent easing measures too quickly, highlighting the need to wait and analyze the economic situation thoroughly. ECB officials are expected to lower borrowing costs in June, with markets predicting a 60% probability of another cut in September. Nagel's comments come amidst concerns over inflation and wage growth, with the ECB closely monitoring economic indicators before making further decisions.
Source: YAHOO
Reported 6 months ago
Three missionaries, including an American couple, were killed by a gang in Haiti's capital, Port-au-Prince. Davy and Natalie Lloyd, along with mission director Jude Montis, were attacked and killed by the gang while leaving a church. The investigation into the killings is ongoing, and Haitian police are working to apprehend those responsible. The White House has expressed condolences and called for the expedited deployment of an international police force to enhance security in the region.
Source: YAHOO
Reported 6 months ago
NVIDIA reported strong first-quarter financial results, beating Wall Street expectations with increased earnings and revenues, leading to a 9.3% after-hours stock gain. The company announced a stock split and dividend increase, reflecting confidence in its future. CEO highlighted high demand for AI chips despite supply constraints, and the transition to advanced platforms. TSMC forecasts 10% annual revenue growth in the semiconductor industry, boosting AI chip demand. ETFs like SMH, BOTZ, SPRX, CARZ, and TDIV are recommended for investment due to the thriving chip industry and AI's growth potential.
Source: YAHOO
Reported 6 months ago
The article discusses the importance of determining a realistic rate of return for retirement planning, emphasizing the need to consider factors such as fees, taxes, inflation, and investment types. It suggests that historical returns indicate a conservative rate of return for retirement could be 10% or less. Factors affecting the rate of return in retirement include risk tolerance, investment types, retirement timeline, fluctuating returns, and annualized vs. compounding returns. The article also provides insight into historic rates of return for different asset classes and offers tips to maximize one's rate of return in retirement, such as fighting inflation, diversifying the portfolio, and prioritizing short-term bonds. It concludes by highlighting the importance of creating a comprehensive financial plan with the help of a financial advisor to navigate retirement successfully.
Source: YAHOO
Reported 6 months ago
Jason Rodriguez, CEO of Prominent Insurance Services, advises Americans to check their insurance coverage for Memorial Day weekend risks such as barbecue grease fires and heavy holiday traffic to ensure proper protection in case of emergencies. Rodriguez highlights the importance of having adequate liability limits to protect against injuries or property damage during events or accidents that may occur over the holiday weekend, emphasizing the need to be prepared and ensure coverage for potential risks.
Source: YAHOO
Reported 6 months ago
The article discusses trying Loretta Lynn's 4-ingredient buttermilk biscuit recipe, which is simple and classic. The process involves cutting shortening into self-rising flour, adding buttermilk, rolling out the dough, cutting into rounds, baking until golden, and topping with butter. The biscuits turned out light, fluffy, and flavorful. Tips for making the biscuits include using hands instead of a spoon, patting the dough instead of using a rolling pin, flouring the cutter, and skipping extra salt if using self-rising flour. The recipe includes self-rising flour, shortening, buttermilk, and butter.
Source: YAHOO
Reported 6 months ago
Grupo Mexico's Asarco, controlled by the Grupo Mexico conglomerate, plans to reopen its copper smelter in the United States due to surging copper prices. The company is in talks with unionized workers to restart operations at the Hayden smelter in Arizona and the Amarillo refinery in Texas, aiming to boost copper supply domestically. The decision comes amidst rising copper demand driven by clean energy initiatives and speculation, with recent price increases hitting record highs.
Source: YAHOO
Reported 6 months ago
Burger King is joining other fast food chains in offering a new $5 meal deal to attract budget-conscious customers amidst inflation. This move reflects a trend in the industry towards value-oriented strategies to increase profits. As consumers seek affordable options, companies like McDonald's and Wendy's are also launching value offerings. The emphasis on value comes as consumers tighten spending, with fast food chains like McDonald's experiencing profit pressure. While value deals may boost foot traffic, they could impact margins and limit menu innovation in the short term as companies focus on repackaging existing items.
Source: YAHOO
Reported 6 months ago
The article discusses three Real Estate Investment Trusts (REITs) that have experienced significant declines in their share prices recently. The first REIT, Creative Media & Community Trust Corp (CMCT), saw a drop of over 30% due to poor earnings and missed estimates. The second REIT, Hudson Pacific Properties Inc (HPP), faced challenges from rising interest rates and declining occupancy rates, resulting in a substantial decline in its share price. The third REIT, Service Properties Trust (SVC), also reported weaker earnings, leading to a decrease in its share price. The article advises investors to carefully analyze the reasons behind these declines before deciding whether to buy or sell shares in these REITs.
Source: YAHOO
Reported 6 months ago
Gibson has introduced a new Dark Purple Burst finish for its ES-335, SG Modern, and Les Paul Modern Studio electric guitars, extending the elegant colorway with gloss and satin finishes. These classic designs offer a mix of vintage and modern features, such as T-type humbucking pickups and hand-wired control assembly on the ES-335, Burstbucker Pro Alnico 5 humbuckers on the SG Modern, and coil-tapping and phase control on the Les Paul Modern Studio. Priced at $3,499, $2,499, and $1,999 respectively, these guitars are available exclusively through Gibson.com and the Gibson Garage.
Source: YAHOO
Reported 6 months ago
United Wholesale Mortgage, one of the largest U.S. lenders, launched a program allowing first-time home buyers to purchase homes without a down payment if they meet certain criteria. The program offers a second-lien loan of up to $15,000 for down-payment assistance, with no interest or required monthly payments. However, experts caution borrowers to understand the terms, as the second loan must be paid in full under specific circumstances to avoid foreclosure. The initiative aims to help more people achieve homeownership but requires careful financial planning.
Source: YAHOO
Reported 6 months ago
Pope Francis has announced the canonization of Carlo Acutis, a 15-year-old Italian computer prodigy who died of leukemia in 2006, making him the first saint of the Millennial generation. Acutis, known for his tech talent and devotion to Catholicism, is credited with two miracles that paved his path to sainthood. He created a website cataloging miracles and aided local Catholic organizations with his technological skills. His strong religious dedication from a young age surprised his non-practicing parents, leading to his beatification and imminent canonization by the Vatican.
Source: YAHOO
Reported 6 months ago
Despite high hopes for Nvidia's earnings boosting markets, the Dow Jones Industrial Average (^DJI) suffered its largest drop in over a year before slightly recovering. UBS Asset Management Senior Portfolio Manager Michael Nell suggests that although Nvidia leads in AI processing, competition is increasing, with companies like AMD and Intel challenging Nvidia's CUDA platform. Nell cautions investors to prioritize areas where AI has already shown results, such as social media ad targeting and search, rather than focusing on theoretical use cases. The hype around AI is seen as speculative, but not as exaggerated as the internet bubble, and Nell advises concentrating on 'picks and shovels' in the semiconductor industry and proven AI applications for investment.
Source: YAHOO
Reported 6 months ago
Eli Lilly announced a significant increase in its investment by over $5 billion to expand a manufacturing site in Indiana to produce more doses of its popular weight-loss and diabetes treatments, Zepbound and Mounjaro. The company expects production to start at the new plant near Indianapolis by the end of 2026, with plans to ramp up production through 2028. Analysts predict that these drugs could generate over $30 billion in combined annual sales for Eli Lilly.
Source: YAHOO
Reported 6 months ago
The WNBA season scheduling involves various challenges, with some teams facing more difficult paths due to factors like travel, competition, and condensed schedules around events like the Olympics. Teams provide arena availability and special requests, with schedules crafted months in advance to balance game density and efficient travel. The article highlights the Indiana Fever's challenging start to the 2024 season, including facing tough competition early on, while shedding light on the intricate process behind creating the league's schedule.
Source: YAHOO
Reported 6 months ago
美國司法部官員星期四對演唱會企劃商和門票販售商Live Nation（LYV）提起反壟斷訴訟，認為Live Nation通過擁有Ticketmaster而建立了壟斷地位，最終導致門票價格飆漲。Live Nation在聲明中否認了這些指控，表示Ticketmaster的服務費不會比競爭門票網站更高。Citigroup董事總經理Jason Bazinet關注司法部近年來的反壟斷行動，以及分裂的結果是否最終會影響音樂會和活動門票價格。
Source: YAHOO
Reported 6 months ago
As Memorial Day weekend approaches, marking the unofficial start of the summer travel season, Yahoo Finance discusses the expected trends for travel and retail industries this holiday weekend, including deals shoppers should look out for. U.S. Secretary of Transportation Pete Buttigieg anticipates 44 million travelers, with Friday being the busiest day for air travel. Retail experts recommend avoiding summer apparel and latest electronics, but suggest buying spring apparel, mattresses, furniture, and appliances. Despite an average spending drop to $297 per person, consumers are still shopping across various categories such as food, clothing, dining out, and home improvement.
Source: YAHOO
Reported 6 months ago
After disputes, Walmart and Capital One have decided to end their exclusive credit card partnership, which started in 2018. Walmart accused Capital One of delays in updating transactions and providing card replacements, leading to a lawsuit. Despite the termination, cardholders can still use and redeem rewards, while Capital One will maintain the existing $8.5 billion credit card portfolio. Capital One announced a separate acquisition of Discover Financial Services earlier in the year.
Source: YAHOO
Reported 6 months ago
Lady Amelia Spencer, the niece of Princess Diana, showcased her impeccable style on Instagram during a holiday with husband Greg Mallett. Sporting hand-painted floral denim shorts from Curic&Curic, she shared moments from their Italian retreat. Reflecting on their fairytale wedding in South Africa, where Lady Amelia wore a custom Versace gown, Greg expressed joy at seeing her walk down the aisle. The couple, childhood sweethearts, recently celebrated their anniversary with a return to the Maldives.
Source: YAHOO
Reported 6 months ago
Source: INVESTORS
Reported 6 months ago
Workday Inc.'s shares plummeted after the company reduced its full-year subscription revenue forecast, citing heightened sales scrutiny and cautious customer orders. The software company's revised outlook for subscription sales in fiscal year ending January is $7.73 billion, down from the initial $7.78 billion. This caused Workday's stock to drop 15% to $220.91 in New York, its largest single-day decline since February 2016. CEO Carl Eschenbach aims for growth through international sales expansion and new US industry ventures, with subscription sales up 19% to $1.82 billion in the fiscal first quarter, meeting analysts' estimates.
Source: YAHOO
Reported 6 months ago
In Canada, a rise in automotive sales is attributed to an influx of new immigrants and pent-up demand from consumers who were unable to purchase cars during the Covid-19 pandemic. Statistics Canada data revealed a 1% increase in car dealer receipts in March compared to the previous year, with a notable boost in retail sales. Despite an overall decrease in retail sales in March, excluding automobile and parts dealers, the sales dropped further. The country's population surge by 1.3 million last year has also contributed to the growth in the consumer base, thus boosting automotive retail sales. However, challenges such as heightened inflation and interest rates are affecting automotive dealers, although potential Bank of Canada interest rate cuts may alleviate some of these concerns. As supply chain issues improve and pent-up demand subsides, it is predicted that car sales will return to pre-pandemic levels by 2025.
Source: YAHOO
Reported 6 months ago
隨著貨運行業中新軟體和其他技術的普及，對於運送人員和貨運公司來說，在數位環境下確定最佳採購和合約可能變得困難。儘管軟體、人工智能和設備不斷進步，生產力仍依賴於精通這些技術的工作人員以最佳方式應用來保持客戶滿意。建立並維持信任的關鍵在於了解客戶需求並滿足這些需求。透明度變得比以往更加關鍵，能夠從貨物輸入時追蹤到最終交付，確保成本符合預期、運載貨車與預期相符，這些都有助於建立信任。與新合作夥伴建立信任時清晰明確設定期望至關重要，反覆的經驗是建立信任的關鍵。不要忽略人情味，那些能幫到你的人，主動解決問題並兌現承諾的人才是真正值得信賴的。
Source: YAHOO
Reported 6 months ago
FGN Global Logistics specializes in helping bulk liquid companies address supply chain challenges by providing comprehensive analytics, route planning services, and innovative logistics solutions designed to meet specific liquid cargo requirements. By offering a non-asset-based business model and a 'control tower' concept for ISO tank shipping, FGN connects shippers with underutilized tanks, leading to cost savings and increased tank utilization. The company's technology-centric approach facilitates efficient fleet management and is paving the way for automated shipment pricing, routing, and execution in the industry.
Source: YAHOO
Reported 6 months ago
Candice Bergen 和她已故丈夫 Louis Malle 在 1985 年迎來他們唯一的孩子 Chloe Malle。Chloe 成長在加州和紐約，是一位作家和編輯，也是《Vogue》的特約編輯，並與雜誌一起主持播客《The Run-Through》。她在法國與丈夫 Graham Albert 結婚，並迎來兩個孩子。Chloe 不僅是 Candice Bergen 的女兒，也是她的靈感來源，幫助母親啟動了「Bergenbags」計劃，並在許多方面都是個充滿啟發的人。
Source: YAHOO