Reported 6 months ago
Denver Broncos wide receiver Courtland Sutton is absent from voluntary workouts while seeking a new contract, but head coach Sean Payton is not worried about the situation, stating that it will sort itself out. Despite trade inquiries being rebuffed by the team, Sutton's absence is not a major concern for Payton as the Broncos head into mandatory minicamp.
Source: YAHOO
Reported 6 months ago
The New York Times reported that Nicole Shanahan, the vice presidential running mate of Robert F. Kennedy Jr, allegedly had a ketamine-fueled tryst with Elon Musk, resulting in a divorce settlement from Sergey Brin, the cofounder of Google. The incident involved Shanahan and Musk taking ketamine at a party and later engaging in sexual activity, leading to speculation about Musk's drug use and personal behavior. The story also highlighted Musk's history of rumored infidelity and conflicts with tech industry figures, shedding light on his controversial actions and relationships.
Source: YAHOO
Reported 6 months ago
Deckers Outdoors (DECK), the parent company of UGG, Hoka One One, and Teva brands, experienced a slight stock boost following their fiscal fourth-quarter earnings report that exceeded Wall Street expectations with net sales of $959.8 million. The company also provided a 2025 full-year sales forecast that aligns with analyst estimates, with UGG and Hoka One One sales seeing growth while Teva and other brands experienced declines. Overall, the stock has been performing well, up 35% for the year and around 100% over the past 12 months, with some analysts bullish on the company's potential, particularly in the sandal market.
Source: YAHOO
Reported 6 months ago
The article discusses the importance of semiconductor chip manufacturing, highlighting the risks associated with dependence on Taiwan chipmakers for leading US chipmakers. Christopher Miller, an assistant professor at Tufts University, emphasizes the need for investors to take this risk seriously. He also discusses China's efforts to achieve self-sufficiency in chip manufacturing by the end of the decade, particularly in high-end chips currently dominated by Taiwan. The US government's restrictions on chip exports to China are seen as a challenge for China's ambitions, while investments in the US chip industry are expected to increase resilience in chip supply chains, although complete self-sufficiency is not imminent.
Source: YAHOO
Reported 6 months ago
Ross Stores reported better-than-expected first quarter earnings, with earnings per share of $1.46 compared to an estimate of $1.35, and revenue of $4.86 billion in line with expectations. The discount retailer also raised its full-year earnings forecast to $5.79 to $5.98 per share from $5.64 to $5.89. CEO Barbara Rentler mentioned ongoing economic uncertainty affecting customers' purchasing power. Stocks rose following the positive results.
Source: YAHOO
Reported 6 months ago
Ross Stores reported first-quarter results that exceeded Wall Street estimates and raised its annual profit forecast, with shares rising nearly 7% in extended trading. The California-based retailer saw increased operating margins and strong sales due to demand for discounted products amid inflation pressures. Ross Stores emphasized managing inventory and expenses tightly to drive sales and earnings growth for the remainder of the year, acknowledging challenges in discretionary spending. The company's performance mirrors that of off-price retailer TJX Cos, which also posted positive results and raised its profit forecast.
Source: YAHOO
Reported 6 months ago
Advent International is close to finalizing a deal to acquire a stake in Prometheus Group, an industrial software company, potentially valuing the firm at over $4 billion, including debt. The deal, expected to be announced soon, is being facilitated by private credit lender Oak Hill Advisors. Prometheus, known for its plant maintenance and optimization software, was previously acquired by Genstar Capital for over $1 billion in 2019, and now the company is exploring a sale at a valuation of up to $6 billion. The industrial software sector has been witnessing high valuations as companies seek to modernize operations for the digital era.
Source: YAHOO
Reported 6 months ago
Stocks experienced a slide on Thursday, with the Dow Jones Industrial Average suffering its worst day in a year, dropping over 1.5% or 600 points. This decline was attributed to interest rate concerns following Nvidia's strong earnings not being enough to boost the broader market. The S&P 500 fell nearly 0.8%, the Nasdaq Composite dropped about 0.4%, and a 7% decline in Boeing shares further weighed on the Dow. Additionally, economic data pointing towards accelerated business activity fueled worries about interest rate hikes, leading to a dampening of investor sentiment.
Source: YAHOO
Reported 6 months ago
Despite high expectations for Nvidia's earnings to boost the market, stocks are sliding as the trading day closes, with Carson Group Chief Market Strategist Ryan Detrick attributing this to a potential pullback after Nvidia's strong performance. Detrick suggests a neutral stance on the tech sector due to high valuations, advising investors to focus on financials, industrials, small-caps, and mid-caps as the economy strengthens, anticipating a rotation into these cheaper areas. While optimistic, he emphasizes that caution is necessary when investing in cheaper assets.
Source: YAHOO
Reported 6 months ago
In the latest episode of No Cap Room, Dan Devine and Jake Fischer discuss the Dallas Mavericks' win in Game 1 of the Western Conference Finals against the Minnesota Timberwolves, highlighting the synergy between Kyrie Irving and Luka Doncic. They also cover the Cleveland Cavaliers firing head coach J.B. Bickerstaff and Fischer's list of potential replacements, as well as the Philadelphia 76ers' plan to pursue a third star to complement Joel Embiid and Tyrese Maxey in the offseason.
Source: YAHOO
Reported 6 months ago
The article from Motley Fool discusses whether it is too late to buy Taiwan Semiconductor Manufacturing stock, with the author, Parkev Tatevosian, CFA, providing insights on the matter. It mentions that while the stock is at record highs, the Motley Fool Stock Advisor team did not include Taiwan Semiconductor Manufacturing among their top 10 stock picks, suggesting that there may be other opportunities for higher returns. The article also highlights the success of previous stock picks recommended by the Stock Advisor service, such as Nvidia in 2005, emphasizing the potential for significant returns.
Source: YAHOO
Reported 6 months ago
Boston Celtics' star Kristaps Porzingis is nearing a return from a calf injury, and teammate Jaylen Brown is supporting him both mentally and strategically. Brown has been in constant communication with Porzingis to keep his spirits up and help him seamlessly reintegrate into the team after missing nearly a month of game action. Porzingis has been participating in light on-court work and discussions with Brown to prepare for his return, which could provide a significant boost for the Celtics in the Eastern Conference Finals.
Source: YAHOO
Reported 6 months ago
Sean Kingston's mother, Janice Turner, was arrested on fraud and theft charges during a raid at a South Florida mansion rented by the singer on May 23. The raid was triggered by an investigation into Kingston's unpaid purchases, resulting in Turner's arrest. The lawsuit against Kingston alleges he made false representations to Ver Ver Entertainment, claiming a working relationship with Justin Bieber to avoid paying for purchased items. Previous judgments against Kingston for unpaid luxury items were also mentioned in the complaint. Kingston's representatives did not immediately respond to requests for comment.
Source: YAHOO
Reported 6 months ago
Telsey Advisory Group downgraded VF Corporation (VFC) from Outperform to Market Perform due to a significant miss in the company's first-quarter results, with revenue, gross margins, and operating expenses falling short of expectations. Analyst Dana Telsey highlighted challenges with Vans and The North Face brands, noting that the company's transformation plan has not yet shown positive results. The strategic portfolio review conducted by VF Corporation did not reveal its findings, leaving uncertainty about future actions.
Source: YAHOO
Reported 6 months ago
Workday reported better-than-expected first-quarter earnings per share of $1.74 and revenue in line with estimates at $1.99 billion but cut its full-year subscription guidance due to lower customer headcount growth. The company's CFO mentioned the updated guidance reflects elevated sales scrutiny. This news caused Workday's stock to tumble by 8%. Analysts are interested in the company's financial and HR products, international trends, and the impact of investments in AI on sales, marketing, and R&D.
Source: YAHOO
Reported 6 months ago
The article highlights 32 character actors who were prominent in the '80s and '90s, often appearing in supporting roles that greatly contributed to the success of movies and TV shows. These actors include familiar faces like Robert Davi, CCH Pounder, Paul Gleason, Carol Kane, and many others who showcased their talent across a wide range of genres and projects during that era, leaving a lasting impact on the entertainment industry.
Source: YAHOO
Reported 6 months ago
NBA Hall of Famer Dwyane Wade has launched Translatable, a nonprofit online community dedicated to supporting transgender youth. The initiative stems from Wade's daughter Zaya coming out as transgender in 2020, inspiring the creation of a safe space for parents and children. This initiative was announced at The Elevate Prize Foundation's Make Good Famous Summit, where Wade received the Elevate Prize Catalyst Award. The online community aims to provide support for growth, mental health, and well-being for transgender youth and their families, and Wade plans to use the $250,000 award to fund Translatable.
Source: YAHOO
Reported 6 months ago
Despite the offseason buzz and excitement surrounding the Chicago Bears, most bettors believe the team will fall short of making the playoffs this season. The odds for the Bears to miss the playoffs are the most popular bet in the postseason betting market, with skepticism stemming from factors such as the challenges of relying on a rookie quarterback like Caleb Williams and the tough competition in the NFC North division. Despite some positive aspects of the team, such as a strong receiving corps and potential on defense, bettors are cautious about the Bears' postseason prospects.
Source: YAHOO
Reported 6 months ago
U.S. stocks closed lower despite Nvidia's strong revenue forecast, which led to a surge in its shares, as inflation concerns weighed on market sentiment. Nvidia's shares rose above $1,000 for the first time, boosting the Nasdaq and S&P 500 to intraday records initially. However, economic data showing increased price pressures and lower jobless claims dampened market optimism. The Dow Jones fell by 1.53%, the S&P 500 by 0.74%, and the Nasdaq by 0.39%. Nvidia's gains helped lift the S&P 500 tech index, but overall chip stocks were lower. The market rally has been driven by AI optimism and earnings, with investors eyeing potential Fed rate cuts.
Source: YAHOO
Reported 6 months ago
Source: INVESTORS
Reported 6 months ago
Super Micro Computer stock experienced a 3% decline despite Nvidia's strong quarter results, which initially boosted the stock by 11.3% before the gains receded. Super Micro purchases GPUs from Nvidia for its servers, driving investor interest following Nvidia's robust performance. Despite a recent 414% surge in Super Micro's stock price, it continues to offer growth potential in the AI sector, albeit with some valuation volatility risks. The article suggests that for investors seeking long-term AI investments, Super Micro Computer stock remains a viable option amidst the industry's growth.
Source: YAHOO
Reported 6 months ago
In June 2024, Disney+ will premiere "The Acolyte," a new live-action Star Wars series starring Lee Jung-jae, along with new kids and family-friendly programming and new episodes of "Doctor Who." Hulu will feature FX's "The Bear" Season 3 and various new shows like "Queenie" and "BRATS," as well as a changing TV and film library including titles like "Saw" and "Die Hard." Both streaming platforms will offer a wide range of content throughout the month to cater to viewers' entertainment needs.
Source: YAHOO
Reported 6 months ago
The National Association of Home Builders (NAHB) and Wells Fargo revealed that in the first quarter of 2024, 38% of a typical household's income was required to make a mortgage payment on a median-priced new single-family home in the U.S. For low-income families earning up to 50% of the area median income, this burden increased to 77% of their earnings needed for the same home. The Cost of Housing Index (CHI) also showed that families nationwide face growing housing affordability challenges due to a shortage of roughly 1.5 million homes, with policymakers urged to enact changes to support increased home construction.
Source: YAHOO
Reported 6 months ago
The Philadelphia Phillies completed a three-game sweep of the Texas Rangers with a 5-2 victory, led by strong pitching from Zack Wheeler and home runs from J.T. Realmuto and Nick Castellanos. The win marked the Phillies' seventh series sweep of the season, as they improved to 37-14, boasting the best record in baseball. Wheeler pitched seven solid innings, extending the team's streak of starters pitching at least seven innings to 18 games. The Phillies have been on a dominant run, winning six consecutive games and maintaining a 29-6 record over their last 35 games, matching a franchise record from 1892.
Source: YAHOO
Reported 6 months ago
HBO's licensed titles such as "Ballers" and "Insecure" performed well on Netflix in 2023, with "Ballers" garnering 33.5 million views across all five seasons, making it the standout success. "Insecure" followed with 14.4 million views, while other HBO originals like "The Pacific," "Band of Brothers," and "Six Feet Under" also attracted significant viewership numbers. These licensed titles provide consistent viewership for Netflix, supplementing the platform's original content and helping to retain subscribers in between seasons of popular shows. The success of these titles on Netflix is influenced by the licensing fees paid by the streamer to secure the content.
Source: YAHOO