Reported 6 months ago
Indian government bonds eligible for inclusion in the JPMorgan Chase & Co. index are expected to deliver their best monthly returns in nearly a year, with a 1.3% return in May so far, the highest since April 2023. This performance is attributed to fresh foreign inflows and a record central bank payout, as foreign investors are turning to India amid China's economic slowdown. The bonds are set to join the bank's emerging market debt gauge in June, and the market is being supported by a significant central bank dividend payout to the government, contributing to a drop in the benchmark 10-year bond yield for the fifth consecutive week.
Source: YAHOO
Reported 6 months ago
Tesla has reduced production of its Model Y electric car by a double-digit percentage at its Shanghai plant since March, aiming to address weakening demand in China, its second largest market. The move comes as a response to a price war among electric vehicle makers in China amid an economic slowdown. Data from industry sources and the China Association of Automobile Manufacturers show a decline in Model Y output in China, prompting Tesla to adjust its production strategy while still targeting global EV sales goals.
Source: YAHOO
Reported 6 months ago
A Reuters poll suggests that Japanese factory output is expected to increase for a second consecutive month in April, with retail sales also showing improvement, indicating signs of economic recovery. Furthermore, there is an anticipation of a rise in core consumer prices in Tokyo areas in May. Analysts predict that the economy will bounce back this quarter after a 2% contraction in the first quarter due to rising inflation impacting consumer spending. Additionally, the Bank of Japan's efforts to raise rates further are complicated by the steady inflation rate remaining at or above the central bank's 2% target for over two years. Data on jobless rates, retail sales growth, and housing starts is expected to be released on May 31.
Source: YAHOO
Reported 6 months ago
Friends of Taylor Swift and Travis Kelce are taking credit for their relationship on talk shows, with NFL commentators Erin Andrews and Charissa Thompson discussing their role in bringing the couple together on "The Tonight Show," while Patrick Mahomes shared his part in willing them together on "The Pat McAfee Show." Andrews and Thompson spread the idea of them dating on their podcast, while Mahomes took Kelce to a Taylor Swift concert where Kelce planned to give Swift a friendship bracelet with his phone number. Ultimately, their collective efforts helped make the relationship a reality.
Source: YAHOO
Reported 6 months ago
"Life Like" is a 2019 thriller sci-fi film available for streaming on Amazon Prime Video. The movie follows a couple who acquires a humanoid robot to assist with household chores, leading to complex emotions and questions about human nature and artificial intelligence. Directed by Josh Janowicz, the film stars Drew Van Acker, Addison Timlin, Steven Strait, and James D’Arcy. Viewers can access "Life Like" on Amazon Prime Video and explore other popular sci-fi movies on the platform.
Source: YAHOO
Reported 6 months ago
Overseas issuers are rushing to the yen bond market at the quickest pace in five years, selling bonds before an expected Bank of Japan interest rate hike that will increase borrowing costs. Notably, Lloyds Banking Group Plc, KKR & Co., and Deutsche Bank AG have issued yen debt this week, contributing to total sales of ¥477.3 billion, the highest for May since 2019. Japanese investors are attracted to these bonds as they offer higher premiums compared to local corporate bonds, with overseas issuers providing an average coupon of 1.46% this year, surpassing Japanese corporate bonds at 1.096%.
Source: YAHOO
Reported 6 months ago
A fire at a chemical factory in Dombivali near Mumbai, India, resulted in at least 9 deaths and 64 injuries, with rescuers searching for more victims among the debris. The explosion in the factory's boiler caused a fire that spread to nearby areas in Maharashtra state's Thane district. The cause of the explosion is under investigation, and charges of culpable homicide have been filed against the factory owners due to negligence in handling toxic substances. This incident highlights the challenges of poor safety standards and lax enforcement of regulations in India, where fires are common due to cost-cutting measures and negligence in safety practices.
Source: YAHOO
Reported 6 months ago
As the Indian election results approach, Prime Minister Narendra Modi's goal of securing over 400 seats for his coalition seems uncertain as opposition parties gain momentum. Analysts and insiders suggest there is no clear "Modi wave" this time around, contrasting with the BJP's landslide victory in 2019. While both ruling party and opposition claim the upper hand, market volatility has increased with speculations on potential outcomes. The opposition is more optimistic about its gains, while the BJP, while still expected to win a majority, may not match its previous performance. Factors contributing to the BJP's potential decline in support include issues like job creation, welfare schemes, and concerns about affirmative action policies. Uttar Pradesh, a key state, shows signs of a more competitive race, with the opposition alliance challenging the BJP's dominance. Overall, uncertainty looms over the election outcome, with analysts predicting a possible BJP victory but with a reduced margin.
Source: YAHOO
Reported 6 months ago
U.S. Treasury Secretary Janet Yellen expressed concern over rising living costs in an interview with the Financial Times, noting significant price increases despite wage growth. Yellen highlighted the impact on essentials like food and housing, particularly affecting young potential homebuyers due to higher mortgage rates. The U.S. Consumer Price Index rose 3.4% in the 12 months through April, with the Federal Reserve maintaining its interest rates unchanged at 5.25% to 5.50% since July.
Source: YAHOO
Reported 6 months ago
The LA Kings have announced that new head coach Jim Hiller will continue to prioritize a defense-first approach, despite the team's recent playoff struggles. General manager Rob Blake expressed confidence in Hiller's leadership and emphasized the importance of maintaining the team's defensive identity while seeking ways to improve offensive production. The Kings, who have faced early postseason exits in the past three seasons, are focused on maximizing their offensive capabilities without compromising their defensive strengths. The team is committed to their 1-3-1 neutral zone trap system and aims to elevate their performance in the upcoming seasons.
Source: YAHOO
Reported 6 months ago
Zendaya and Tom Holland were spotted exiting London's Duke of York's Theatre hand in hand, with Zendaya stunning in a black Shakespearean dress from Vivienne Westwood's spring 2023 collection. Tom Holland, starring in "Romeo and Juliet," kept it casual in a black T-shirt and pants. Holland expressed excitement about his role in an Instagram post, while a source revealed that despite their busy careers, the couple remains supportive and caring towards each other, making their relationship equal and important.
Source: YAHOO
Reported 6 months ago
Despite not having his best stuff, Pittsburgh Pirates rookie pitcher Paul Skenes displayed maturity and resilience in his third big league start against the San Francisco Giants. While facing challenges with his breaking balls, Skenes managed to out-think the Giants and give his team a chance to win, showcasing a level of composure and skill beyond his years. Skenes' performance, along with that of fellow rookie Jared Jones, has brought hope and excitement to the Pirates organization, signaling a potential shift towards success after years of struggle.
Source: YAHOO
Reported 6 months ago
Market sentiment was dampened on Friday as fears of prolonged higher interest rates overshadowed positive news from Nvidia, leading to a risk-averse environment. European markets are expected to open weak, with the STOXX 600 index facing a significant weekly decline. The focus is on economic data releases in Europe, including Germany's Q1 GDP and UK April retail sales, while the Bank of England grapples with inflation concerns. Expectations of rate cuts from both the Bank of England and the European Central Bank are influencing market dynamics, with the ECB committing to policy easing in June. The Federal Reserve is anticipated to implement a rate cut only in December, contrasting with previous expectations for significant easing earlier in the year. Corporate news will center on Hargreaves Lansdown following reports of potential privatization.
Source: YAHOO
Reported 6 months ago
Nvidia recently announced a 10:1 stock split and a 150% dividend raise, making its shares the ninth most expensive in the S&P 500. Stock splits have been a recent trend among companies, with eight announcing splits this year. Bank of America analysts found that on average, companies that enact stock splits see a 25% return one year post-split, compared to about 12% for the broader market. While some companies experience significant gains post-split, others may see negative returns due to challenging macro environments.
Source: YAHOO
Reported 6 months ago
The Celtics secured a 126-110 victory over the Pacers, with Jaylen Brown scoring 40 points and Jayson Tatum contributing 23 points in the game. Pascal Siakam led the Pacers with 28 points.
Source: YAHOO
Reported 6 months ago
The wreck of the USS Harder, a renowned US Navy World War II submarine, has been discovered in the South China Sea off the northern Philippine island of Luzon. The submarine, which sank in battle on August 24, 1944, was found under 3,000 feet of water and is mostly intact except for damage from a Japanese depth charge. The Harder was lost during its sixth patrol of the war, with its entire crew of 79 submariners. The discovery was confirmed by the Lost 52 Project, which aims to locate the 52 US subs lost in World War II.
Source: YAHOO
Reported 6 months ago
Twenty One Pilots released their new album "Clancy," marking the end of their decade-long "Blurryface" saga. The album features 13 tracks including singles like "Overcompensate," "Next Semester," and "Backslide," and follows their 2021 album "Scaled and Icy." The band described "Clancy" as the conclusion to the story they've been telling, with protagonist Clancy facing off against antagonist Blurryface. They are now preparing for a 59-date tour in support of the album.
Source: YAHOO
Reported 6 months ago
President Biden has been pushing a series of rules on the environment and other priorities as the election approaches, including regulations targeting coal-fired power plants, tailpipe emissions from cars, methane emissions from oil and gas drilling, and toxic emissions from chemical plants. These rules are part of Biden's efforts to secure his legacy and meet his climate change goals, aiming to cut carbon emissions by 2030. The administration has finalized over 60 regulations recently, addressing various issues beyond the environment like student loan forgiveness and affordable housing. The rules face potential challenges in Congress and the courts, but Biden aims to establish a lasting impact on climate policy through executive actions and recent legislation.
Source: YAHOO
Reported 6 months ago
The article discusses the release of Season 3 of the kids' animated series "Mickey Mouse Funhouse" on Disney Plus in 2024. The show follows Mickey Mouse and his friends on adventures filled with fun and learning, emphasizing teamwork, friendship, and creativity. Viewers can watch Season 3 on Disney Plus, which offers various subscription plans for ad-free streaming and downloading content. The show features voices of Bret Iwan, Kaitlyn Robrock, Bill Farmer, Tony Anselmo, and Tress MacNeille, and is part of Disney's collection of children-friendly series and movies on the platform.
Source: YAHOO
Reported 6 months ago
Sexyy Red released her EP "In Sexyy We Trust" via Open Shift/gamma, with executive production by Tay Keith. The project features collaborations with artists like Drake, Mike WiLL Made-It, VonOff1700, and Lil Baby, and comes a year after her previous mixtape "Hood Hottest Princess." The EP includes 14 tracks and marks a continuation of her successful partnership with Tay Keith, with whom she shares a genuine bond that has resulted in hit songs.
Source: YAHOO
Reported 6 months ago
Former UFC heavyweight and ex-NFL player Greg Hardy was knocked out and fell limp into the ropes during a Team Combat League event against Patrick Mailata. Hardy, who had his final UFC fight in 2022 after a three-fight skid, has since continued competing in combat sports, with a 3-0 record as a boxer and a bareknuckle boxing appearance in February 2023. Prior to his combat sports career, Hardy faced controversy in the NFL due to domestic violence charges and subsequent suspension.
Source: YAHOO
Reported 6 months ago
UCLA shortstop Maya Brady led the Bruins to an 8-0 victory over Georgia in the first game of the Los Angeles Super Regional with two home runs, putting them on the cusp of the Women's College World Series. UCLA can secure a spot in the World Series with a win in the next game. The team has been on a winning streak, with Brady performing exceptionally well in the postseason. The Bruins are aiming for their eighth World Series appearance in nine years, looking to overcome last year's disappointing postseason performance.
Source: YAHOO
Reported 6 months ago
The Chicago White Sox lost a game against the Baltimore Orioles due to an unusual infield fly rule interference call that resulted in a controversial third out for the White Sox in the bottom of the ninth inning. Despite player confusion and disagreement with the call, the umpires ruled that interference had occurred, ultimately leading to the White Sox losing the game. The league later admitted the interference call shouldn't have been made, adding to the White Sox's struggles in a disappointing season with a 15-36 record.
Source: YAHOO