Reported 6 months ago
Hong Kong is considering allowing staking for exchange-traded funds investing directly in Ether, potentially providing a source of passive income different from US plans. The Securities and Futures Commission has been in discussions with crypto ETF issuers in the city about offering staking services via licensed platforms. If approved, this move could boost demand for Hong Kong’s spot-crypto ETFs and give the city an edge over the US in offering such services.
Source: YAHOO
Reported 6 months ago
Russian President Vladimir Putin signed a decree allowing Russia to seize assets of U.S. entities to compensate for any Russian assets confiscated in the U.S., as G7 finance officials discussed the frozen Russian assets in the West. After the U.S. passed a law to seize $5 billion in Russian state assets in America, Putin's decree allows Russian entities to apply to courts to declare the property seizure unjustified and offer compensation in the form of U.S. assets in Russia if agreed upon by the court.
Source: YAHOO
Reported 6 months ago
28岁的《王冠》明星Emma Corrin成为了焦点人物，因为他在Harper's Bazaar关于自由主题的封面上展示了自己的长出腋窝毛。尽管一些人批评这种未剃腋毛的外观，称之为不卫生或没有尊严，但也有许多粉丝站出来支持Corrin，强调这是自然与人类的本源之一，指责负面评论认为Corrin仅仅是要制造争议。在采访中，Corrin谈到了接受网络仇恨的心情，并表示对这种刻薄的言论感到更加失望，并指出尽管社会进步但仍然存在倒退的现象。
Source: YAHOO
Reported 6 months ago
台積電(TSMC)的股票在週四上午上漲，因該公司預測全球半導體行業今年將增長10％的收入。公司還估計，由於對用於人工智慧的半導體的需求，其當前第二季度的銷售可能增長多達30％。對此，Yahoo Finance的主播Brad Smith和Seana Smith對台積電的最新發展進行了分析，以及這對公司未來可能意味著什麼。
Source: YAHOO
Reported 6 months ago
Source: INVESTORS
Reported 6 months ago
Snowflake（股票代號SNOW）的股價周四上午出現波動，此前公司发布第一季度报告，收入为8.2871亿美元，超过了预期的7.8626亿美元。此外，公司还将全年销售预期从32.5亿美元提高到33亿美元。Yahoo Finance的Brad Smith和Seana Smith解析了Snowflake最新动态，包括其人工智能支出预算。
Source: YAHOO
Reported 6 months ago
JPMorgan's CEO Jamie Dimon and Goldman Sachs' CEO David Solomon expressed concerns about the US economy, with Dimon suggesting a hard landing could still occur and Solomon expecting the Federal Reserve to maintain higher interest rates due to AI efficiencies. The reactions come after May's FOMC meeting minutes and reflect uncertainty about the Fed's 2% inflation target, with sticky inflation and economic growth concerns driving discussion among policymakers. Dimon and Solomon's remarks indicate a cautious approach to potential rate cuts and economic outlook.
Source: YAHOO
Reported 6 months ago
Nvidia recently announced a 10-for-1 stock split along with beating Wall Street expectations in its first quarter results. Analyst John Vinh from KeyBanc Capital Markets believes that while the stock split may not have a significant impact, Nvidia remains a buy as it has a favorable risk-reward profile and is trading attractively in terms of valuation. The company is expected to continue its success with upcoming product launches and revenue drivers, despite potential supply constraints.
Source: YAHOO
Reported 6 months ago
The Brooklyn Nets had a disappointing 2023-24 season with a 32-50 record, despite optimism following the trade of Kevin Durant and Kyrie Irving. Mikal Bridges' production dipped, Ben Simmons struggled with injuries, and many supplementary players underperformed. Nicolas Claxton stood out as the best fantasy performer, while Cam Thomas showed scoring potential. Moving forward, the Nets face uncertainty with limited draft picks, coaching changes, and several key players becoming free agents, including Claxton and Lonnie Walker IV.
Source: YAHOO
Reported 6 months ago
Stocks experienced a decline on Thursday, with the Dow Jones Industrial Average suffering its worst day in a year, dropping over 1.5%, or 600 points, due to concerns over interest rates despite Nvidia's strong earnings failing to boost the market. The tech-heavy Nasdaq Composite fell around 0.4%, while the S&P 500 dropped nearly 0.8%. Boeing's shares contributed to the Dow's decline, falling 7% after announcing delayed plane deliveries. Other chipmakers and AI-related stocks rose following Nvidia's positive results, but overall market sentiment was impacted by renewed worries about interest rates following Federal Reserve minutes and strong economic data.
Source: YAHOO
Reported 6 months ago
Morgan Stanley's executive chairman James Gorman announced at the bank's annual shareholder meeting that he will step down on Dec. 31, citing the successful transition of his successor Ted Pick earlier in the year. Gorman, who spent 14 years at the helm, is credited with transforming the bank into a wealth management powerhouse and orchestrating a unique succession plan with two other CEO candidates. The shareholders approved all management proposals, including executive pay, despite influential proxy adviser Glass Lewis urging against it. Gorman was awarded $37 million by the board, while Pick and the other CEO candidates received $20 million one-time awards. The article notes that Morgan Stanley's first-quarter profit exceeded estimates, driven by growth in wealth management and investment banking.
Source: YAHOO
Reported 6 months ago
Source: WSJ
Reported 6 months ago
Despite being snubbed for an All-NBA selection, Jaylen Brown's exceptional two-way performance for the Boston Celtics this season, with career-high stats in scoring, rebounding, and assists, did not go unnoticed. While missing out on a potential bonus, Brown's focus on team success over individual accolades has positioned him well to potentially earn a bonus by reaching the NBA Finals, with the Celtics currently leading the Eastern Conference Finals. Brown's emphasis on winning games over personal statistics has been pivotal in Boston's successful season, and a potential championship would be a fitting reward for his efforts.
Source: YAHOO
Reported 6 months ago
U.S. business activity accelerated to its highest level in over two years in May, according to S&P Global, with the Composite PMI Output Index reaching 54.4. While this indicates economic expansion, manufacturers reported a surge in prices for various inputs, hinting at potential goods inflation in the upcoming months. The increase in activity is driven by the services sector, with the manufacturing sector also showing growth. Despite brighter prospects, companies remain cautious about the economic outlook amid uncertainties over inflation, interest rates, geopolitical instabilities, and the presidential election.
Source: YAHOO
Reported 6 months ago
The S&P 500 and Nasdaq opened higher following Nvidia's strong fiscal first-quarter earnings report, with the Nasdaq seeing gains of up to 190 points. Nvidia's positive earnings performance has boosted the broader market, with the chip giant's stock rising by about 7%. This growth in chip stocks, including Nvidia, Broadcom, and Taiwan Semiconductor, has brought excitement and gains to the sector, with Nvidia's stock opening above $1000 and showing a year-to-date climb of 106%.
Source: YAHOO
Reported 6 months ago
Nvidia's recent strong earnings report indicates a high demand for data centers in the era of artificial intelligence. Experts foresee a challenge in meeting this demand due to the insufficient power infrastructure. Data centers are crucial for advanced computing processes, with power demand in the US expected to double by 2030, driven by AI usage. Utility companies are already preparing for increased electricity demands from AI, which is causing a shift in the industry due to exponential growth. Hyperscalers like Microsoft, Amazon, Alphabet, and Meta, along with enterprise firms, are driving the demand for data centers, leading to a race among power companies to meet the growing energy needs.
Source: YAHOO
Reported 6 months ago
A coalition of U.S. business groups has filed a lawsuit challenging a Biden administration rule that would expand mandatory overtime pay to 4 million workers, arguing that it would lead to job cuts and reduced work hours. The rule would require employers to pay overtime premiums to workers earning less than $1,128 per week, increasing from the current threshold of about $35,500 per year set by the Trump administration. The lawsuit claims the Labor Department lacked the authority to implement the rule, potentially impacting smaller employers and nonprofits with fixed budgets. The case has been assigned to U.S. District Judge Sean Jordan in Sherman, Texas, with the groups including the National Federation of Independent Business and the National Retail Federation among the plaintiffs.
Source: YAHOO
Reported 6 months ago
Asian shares mostly fell on Friday following Wall Street's decline, driven by concerns over interest rates remaining high due to strong economic reports. U.S. futures and oil prices rose, while Japan's Nikkei 225 and Hong Kong's Hang Seng dropped. South Korea's Kospi and Australia's S&P/ASX 200 also declined, with Taiwan's Taiex slipping after hitting a record high. The S&P 500 and Dow Jones fell sharply, impacted by reports suggesting sustained high interest rates. Traders are reassessing expectations for Federal Reserve intervention as the economy shows strong growth, leading to higher Treasury yields. Nvidia's impressive profit report contrasted with Live Nation Entertainment's decline, and U.S. crude oil prices rose slightly.
Source: YAHOO
Reported 6 months ago
The article discusses why Ross Stores (ROST) is considered a top value stock for the long term. Utilizing Zacks Style Scores based on value, growth, and momentum, ROST has a Value Style Score of B and VGM Score of A, with a Zacks Rank #3 (Hold) rating. With positive earnings and valuation metrics, including a forward earnings multiple of 22.3X and various ratios like PEG, Price/Sales, and Price/Cash Flow, ROST presents a compelling investment opportunity for value investors. An analyst has revised their earnings estimate upwards for fiscal 2025, with the Zacks Consensus Estimate at $5.89 per share.
Source: YAHOO
Reported 6 months ago
Nvidia's first-quarter results exceeded expectations, with CEO Jensen Huang highlighting strong global demand for their products, including data center chips and GPUs. The company also announced a 10-for-1 stock split. Demand for Nvidia's products is expanding beyond hyperscalers like Amazon and Microsoft to industries like healthcare. Despite concerns about competition and potential growth challenges, the company's record revenue and focus on inference use cases for their chips are generating positive outlooks.
Source: YAHOO
Reported 6 months ago
The Dallas Cowboys are facing a contract dilemma with quarterback Dak Prescott due to their missteps in negotiations. Prescott has significant leverage as he holds out for a better deal, potentially leading to him exploring other offers from teams after the season ends. The Cowboys may need to sweeten their offer to retain Prescott, or risk losing him to another team in a high-stakes game of contract negotiations.
Source: YAHOO
Reported 6 months ago
Reliance Industries and Walt Disney have applied for antitrust approval in India for their $8.5 billion media merger, emphasizing that their combined influence, particularly in cricket broadcasting, will not adversely affect advertisers. The deal is expected to create India's largest entertainment entity with significant cricket rights. The companies have assured the Competition Commission of India that the cricket rights were acquired through a competitive bidding process and that competitors can bid for these rights when they expire in 2027 and 2028. The CCI will now review the filing, which typically takes several weeks but could be extended if more information is required. The merger is anticipated to reshape India's media market, where the combined entity will face competition from other major players like Netflix, Amazon Prime, Zee Entertainment, and Sony.
Source: YAHOO
Reported 6 months ago
The 2024 Indy 500 race at the Indianapolis Motor Speedway may be impacted by rain on Sunday, with an 85 percent chance forecasted near the green flag time. Track President Doug Boles stated that decisions regarding potential delays or schedule changes would only be made within hours of the race start, expressing hope for improved weather despite Indiana's unpredictable climate. Boles confirmed preparations to handle wet conditions, including the rental of the NASCAR Air Titan system. The event's broadcast will begin at 11 a.m. ET on NBC and Peacock, with an expected attendance of 345,000 spectators.
Source: YAHOO
Reported 6 months ago
The Department of Justice, along with several U.S. states, plans to sue Live Nation Entertainment, the owner of Ticketmaster, over an alleged monopoly in the entertainment industry. The lawsuit alleges that Live Nation used Ticketmaster's exclusive contracts with venues to raise prices and fees for consumers, claiming the company has an illegal monopoly. This legal action comes after a Ticketmaster glitch in 2023 left many unable to purchase tickets for Taylor Swift's tour, which was blamed on bots by Live Nation. Live Nation has defended itself, stating that ticket prices are set by artists and teams, not the company, and Ticketmaster is responsible for a significant portion of ticketing at major U.S. concert venues.
Source: YAHOO
Reported 6 months ago
Uber Freight recently held its annual Carrier Summit in Arlington, Texas, where they focused on educating carrier representatives on their technology, future in autonomous operations, and managed transportation offering. The summit featured the announcement of Uber Freight Exchange, integrating technology operations with Transplace. CEO Lior Ron highlighted the company's managed transportation era, leveraging data science from parent company Uber, and efforts to fight fraud in the industry. Ron emphasized significant investments to enhance offerings, tapping into Uber's financial strength and data science capabilities.
Source: YAHOO