Reported 6 months ago
17-year-old Luke Littler won the 2024 Premier League Darts title, defeating Luke Humphries 11-7 at the O2 Arena in London. Littler, who doubled his career earnings with the £315,000 prize money, impressed with a nine-darter in the final and emotional victory, becoming the eighth player to win a Premier League title. Humphries graciously acknowledged Littler's strong performance, marking the start of a potential rivalry between the two darts stars.
Source: YAHOO
Reported 6 months ago
In a report released by a court-appointed examiner, it was found that FTX's bankruptcy lawyers from Sullivan & Cromwell were not complicit in the fraud that led to the collapse of the crypto company. Former FTX CEO Sam Bankman-Fried was convicted of stealing $8 billion from FTX customers, but the investigation found no evidence that the law firm knew about the fraud or ignored any warning signs. Despite facing accusations from FTX creditors and investors, the law firm's pre-bankruptcy work for FTX was deemed to be without any complicity in the fraud.
Source: YAHOO
Reported 6 months ago
During an interview with Yahoo Finance, Lenovo's North America President Ryan McCurdy discussed the company's strong Q4 earnings, attributing the success to their growth trajectory and new AI PC offerings developed in partnership with Microsoft. McCurdy highlighted Lenovo's 11% revenue increase in North America and emphasized the industry's readiness for innovative products, leading to positive growth despite previous challenges. The introduction of new AI PCs, such as the Lenovo Yoga Slim seven and Lenovo ThinkPad T14, is expected to drive further market share gains and competition with products like Apple's MacBook Air. McCurdy also discussed Lenovo's broader AI ecosystem and partnerships, expressing enthusiasm for the hybrid AI approach and expanding portfolio from smartphones to data centers.
Source: YAHOO
Reported 6 months ago
Atlanta Fed President Raphael Bostic stated that the U.S. is not yet beyond the "worry point" for inflation and may need to delay cutting interest rates due to ongoing upward pressure on prices, despite a slight decrease in April's inflation reading. Bostic highlighted that inflation remains a concern, with prices rising faster than usual for many goods. He also mentioned that the labor market shows resilience, indicating a robust job growth and energy in the economy, which could warrant maintaining a more restrictive monetary policy. Bostic suggested that the Fed might need to wait until the end of the year before considering a rate cut, emphasizing the importance of ensuring inflation is on track to reach the Fed's 2% goal before making any adjustments.
Source: YAHOO
Reported 6 months ago
French Canadian director Sophie Dupuis' film "Solo" explores the suffocating effects of toxic love within the world of drag performance, rather than focusing on traditional themes of queer identity and acceptance. The story follows Simon, a rising star in the Montreal drag scene, as he navigates a toxic relationship with his boyfriend Oliver and the return of his long-absent mother. The film delves into the complexities of reinventing oneself to please others and the conditional nature of love in toxic relationships. The collaboration between director Dupuis and actor Théodore Pellerin in creating complex, flawed characters is highlighted, with Pellerin's insistence on portraying gritty and imperfect characters shaping the narrative of "Solo."
Source: YAHOO
Reported 6 months ago
Applied Materials has revealed that it received another subpoena from the U.S. Department of Commerce in May related to shipments to China. The semiconductor equipment maker is already under investigation for potentially evading export restrictions on China's top chipmaker, SMIC, by sending equipment via South Korea without proper export licenses. Around 43% of Applied Materials' revenue comes from China, and the company has received multiple subpoenas from regulatory bodies in this regard.
Source: YAHOO
Reported 6 months ago
The U.S. Justice Department has sued Live Nation Entertainment, accusing them of inflating concert ticket prices through Ticketmaster, with the average ticket price for top concert tours in 2023 reaching $122.84. The lawsuit cites various factors contributing to high ticket prices, including numerous fees imposed by Ticketmaster, pre-sales limiting direct artist sales to fans, professional ticket resellers driving up prices, and Live Nation's market dominance in managing artists and concert promotions. Ticket prices in the U.S. are further inflated by fees and charges compared to other markets, with the lawsuit aiming to address these issues affecting artists and fans.
Source: YAHOO
Reported 6 months ago
The Dow Jones Industrial Average dropped 605 points due to Boeing's CFO warning about cash flow burn, causing the stock to plummet over 7%. Yahoo Finance's Jared Blikre shared market insights for May 23rd, highlighting a potential warning signal in the S&P 500. The VIX showed a reversal signal, and the correlation between copper and semiconductor stocks was noted, indicating potential material price increases. The article suggests caution in the market due to recent trends.
Source: YAHOO
Reported 6 months ago
Chris Paul is set to become a free agent this summer as the Golden State Warriors will not pick up his $30 million team option. The Lakers and Spurs are rumored to be potential suitors for Paul, with his friendship with LeBron James and desire to stay close to his family in Los Angeles adding to the speculation. The Lakers could offer Paul a veteran minimum contract for depth, while the Spurs are looking for point guards and could use Paul's veteran leadership. Ultimately, Paul will have options as he considers his next move.
Source: YAHOO
Reported 6 months ago
Paramount Global and Charter Communications have reached a new carriage deal that includes offering the Paramount+ "Essential" tier and BET+ Essential to Charter's TV subscribers for free, along with other Paramount-owned networks. This multi-year agreement will also allow for the Paramount+ with Showtime plan to be available at no cost for Spectrum's Paramount+ with Showtime linear customers. The deal comes at a crucial time for Paramount, following the recent ousting of CEO Bob Bakish and ongoing acquisition talks. Charter's agreement to market Paramount's direct-to-consumer products to its Internet-only customers is expected to generate revenue for both parties.
Source: YAHOO
Reported 6 months ago
Mortgage rates have dropped below 7% for the first time in over a month, offering some relief to potential homebuyers during the spring season. However, the housing market is still struggling with a limited supply of homes available for sale. Existing home inventory improved slightly in April, but remains significantly low, leading to a competitive market landscape for buyers. Despite the lower mortgage rates, the median home sales price has increased to $407,600, making it challenging for buyers to find affordable options.
Source: YAHOO
Reported 6 months ago
"Fallout" on Prime Video has become the first show to top Nielsen's streaming rankings for three consecutive weeks, with 1.53 billion viewing minutes across eight episodes during its third week. Despite a decrease in viewership compared to its debut, "Fallout" remains a strong performer. Other top streaming titles include "Bluey" on Disney+ and "Grey's Anatomy" on Netflix and Hulu. Additionally, Netflix's "Baby Reindeer" saw a 36% increase in viewing minutes, while new releases like "Anyone But You" and "Rebel Moon: Part 2" also gained significant viewership.
Source: YAHOO
Reported 6 months ago
In New York, shoppers are not legally required to stop for receipt checkers at store exits, unless there are reasonable grounds to believe they have committed theft, as per Section 218 of the New York General Business Law. Retailers like Walmart, Costco, and Sam's Club may request to check receipts and merchandise upon exiting, but not complying is not illegal, though it could lead to consequences such as membership revocation.
Source: YAHOO
Reported 6 months ago
Citigroup, HSBC, and Barclays are increasing demands for their employees to work in company offices five days a week due to regulatory changes that make it more difficult for Wall Street to allow remote work. Citigroup is requiring 600 US employees to work full-time in offices, while HSBC and Barclays are also implementing similar policies for their staff. The shift comes as regulatory bodies, such as the Financial Industry Regulatory Authority, are reinstating pre-pandemic rules that may limit remote work options for bank employees.
Source: YAHOO
Reported 6 months ago
The US Justice Department has filed an antitrust lawsuit against Live Nation, alleging a monopoly over live events and harming fans, artists, and venues. Northeastern University law professor David Herlihy discusses the lawsuit, stating that breaking up the company may not fully solve the issue due to the complex nature of the live music ecosystem. Live Nation's response includes pointing out competition in the market and proposing solutions like letting artists cap resale prices to address concerns about the secondary market. The article emphasizes the difficulty in regulating the industry effectively, highlighting the absence of a simple solution to the issues at hand.
Source: YAHOO
Reported 6 months ago
Russian metals company Nornickel plans to collaborate on building a platinum group metals (PGMs) refinery in Bahrain, according to a source familiar with the matter. Nornickel, the world's top producer of palladium and a significant producer of platinum, aims to construct this refinery, although details such as the timeframe and capacity were not disclosed. The initiative was discussed during talks between King Hamad bin Isa Al Khalifa of Bahrain and Russian President Vladimir Putin in the Kremlin, with Russian Deputy Prime Minister Alexander Novak mentioning Nornickel's plan to establish a platinum production plant in Bahrain. Nornickel has not been directly impacted by Western sanctions on Moscow following Russia's 2022 attack on Ukraine, but some Russian precious metals refineries, including those handling PGMs, have faced sanctions.
Source: YAHOO
Reported 6 months ago
The Securities and Exchange Commission (SEC) is nearing a decision on approving an ether ETF, with expectations driving crypto prices up. Matt Ballensweig of BitGo Go Network predicts SEC approval, citing recent legislative support for digital currencies. He anticipates a surge in demand for an ether ETF, paralleling the success of Bitcoin ETFs, which could lead to Ethereum reaching all-time highs, potentially hitting a $5000 price point within the next 12 months.
Source: YAHOO
Reported 6 months ago
The 2024 NBA Playoffs Conference Finals are underway, with the Minnesota Timberwolves facing the Dallas Mavericks in a series where the Mavericks currently lead 3-1. The next game, Game 5, will be on Thursday at 8:30 p.m. ET on TNT. The NBA Finals are set to begin on Thursday, June 6, and will be broadcast on ABC. Fans can watch the playoffs on various channels like ESPN, ABC, TNT, and NBA TV, or through streaming services like DirecTV, Fubo, YouTube TV, and NBA League Pass.
Source: YAHOO
Reported 6 months ago
Kansas City Chiefs quarterback Patrick Mahomes responded to body-shamers criticizing a video of him walking to an offseason workout, expressing surprise at the negative comments about his appearance and stating he didn't expect to still be receiving "dad-bod" remarks after dealing with similar comments during the NFL playoffs. Mahomes mentioned he doesn't have abs and plans to work on that, jokingly noting he may start wearing looser T-shirts and explaining that his backpack was holding his shirt in. He has previously addressed public scrutiny about his body, particularly after a video still circulated on social media showing him shirtless after a game. Mahomes credited his wife, Brittany Mahomes, for her support and the day-to-day tasks she manages in their household so he can focus on football.
Source: YAHOO
Reported 6 months ago
T. Rowe Price Global Head of Multi-Asset and CIO Sébastien Page shared his economic outlook in an interview with Market Domination Overtime, stating that markets may see a pullback with economic data decelerating, but expects healthy stocks and credit in the long term without a recession. Page advised investors to maintain a strategic asset allocation and risk tolerance, cautioning against loading up on risk or staying completely out of the market. He highlighted that the market is overly focused on the Federal Reserve's actions, reacting strongly to minimal changes in economic data. Page suggested a more neutral approach and diversifying investments across cash, credit, and large-cap value stocks due to upcoming AI productivity advancements.
Source: YAHOO
Reported 6 months ago
The U.S. men's hockey team was eliminated in the quarterfinals of the world championship by Czechia with a 1-0 defeat, marking their earliest exit in five years. Despite a roster featuring NHL All-Stars like Johnny Gaudreau and Seth Jones, the Americans fell short, with Czechia advancing to face Sweden in the semifinals. Notable achievements during the tournament included Gaudreau breaking a national team record for career points and assists, while Brock Nelson tied the career goal record at worlds.
Source: YAHOO
Reported 6 months ago
BARK Air, the world's first airline for dogs, has taken flight, offering a luxury air travel experience for dogs and their owners. The airline, launched by dog toy company BARK in partnership with a jet charter service, provides first-class treatment for dogs with amenities like food, water, spa treatments, and designated potty areas during flights. Tickets for BARK Air flights start at $6,000 for domestic flights and $8,000 for international flights, accommodating up to 15 dogs and their humans per flight.
Source: YAHOO
Reported 6 months ago
Chicago Sky rookie Angel Reese is proud to be part of a stellar WNBA rookie class that is uplifting the sport, emphasizing that it's not just one player like Indiana's Caitlin Clark making an impact but several others like herself, Kamilla Cardoso, Cameron Brink, and Rickea Jackson. Reese is also excelling on the court while engaging in off-court activities, such as attending the Met Gala and investing in a women's soccer team. The team's coach, Teresa Weatherspoon, praises Reese's multifaceted personality and leadership qualities. Reese's upcoming game in New York holds personal significance, as it is a homecoming for Weatherspoon, and Reese is looking forward to showcasing her skills in front of friends and family.
Source: YAHOO
Reported 6 months ago
Anchorage Mayor Dave Bronson, known for his proposal to give the homeless one-way plane tickets out of the city, conceded the election to his challenger Suzanne LaFrance after losing the runoff election in Alaska. LaFrance, a former chair of the Anchorage Assembly, claimed victory with 54% of the vote compared to Bronson's 46%. Bronson's tenure was marked by clashes with the assembly over various issues, including providing housing for the homeless and snow removal. LaFrance aims to "restore competency" to City Hall and will become the first female elected mayor of Anchorage.
Source: YAHOO
Reported 6 months ago
The Justice Department is suing Ticketmaster and Live Nation, potentially leading to a breakup of Live Nation Entertainment to increase competition in the U.S. ticket-selling market, currently dominated by Ticketmaster. This lawsuit aims to address practices that maintain Live Nation's stronghold, such as long-term contracts and blocking venues from using multiple ticket sellers. The case was influenced by issues like high ticket prices and limited access to popular events, with the trial expected to be lengthy and potentially leading to changes in the ticketing industry.
Source: YAHOO