Reported 6 months ago
Nvidia reported strong earnings in its fiscal first-quarter 2025, driven by AI chip demand, with CEO Jensen Huang highlighting the surge in data center deployments. The positive results from Nvidia are expected to boost US and international stock markets, including Japan's Nikkei 225. Additionally, JPMorgan Chase CEO Jamie Dimon and Goldman Sachs CEO David Solomon shared insights on the Federal Reserve's interest rate outlook, with Dimon mentioning the possibility of a hard landing for the US due to inflation concerns and Solomon stating that the Fed is unlikely to cut rates this year.
Source: YAHOO
Reported 6 months ago
During the criminal trial of former President Donald Trump in New York, all three cable news networks - CNN, MSNBC, and Fox News - experienced a surge in ratings, particularly during daytime segments featuring testimonies from Stormy Daniels and Michael Cohen. Despite not having access to video footage from inside the courtroom, the networks capitalized on the public's interest in the trial by providing special coverage. Fox News maintained its ratings dominance, with MSNBC and CNN also seeing significant year-over-year increases in viewership. The daytime programming saw CNN surpassing MSNBC in the key 25-54 demographic on several occasions, while Fox News continued to lead in overall viewership.
Source: YAHOO
Reported 6 months ago
The article discusses three dividend stocks that income investors may want to consider doubling up on despite the market trading near all-time highs. The three stocks mentioned are Realty Income, Hershey, and Hormel Foods. Realty Income stands out for its recent dividend raise and attractive yield of 5.5%, Hershey faces challenges but remains strong with a 2.6% yield and growth plans, while Hormel is regaining strength despite temporary headwinds, offering a historically high 3.1% yield and 58 years of annual dividend increases. The article suggests investors should consider these stocks due to their high yields and potential for long-term growth.
Source: YAHOO
Reported 6 months ago
Nvidia reported record-breaking profits in its fiscal 2025 first-quarter earnings, with revenue soaring 262% year over year to $26 billion, driven by the demand for AI technology. The company's data center revenue, crucial for AI applications, also surged 427% to $22.6 billion, showcasing Nvidia's strong market position. Despite expectations of growth moderation in the future, Nvidia's management remains optimistic about continued demand for its products. With the stock rising 7% in pre-market trading, investors see potential for further upside as Nvidia continues to deliver impressive results and remains well-positioned for future growth in the AI sector.
Source: YAHOO
Reported 6 months ago
The White House is urging the tech industry and financial institutions to shut down the market for sexually abusive AI deepfakes, which are created using generative AI tools and often target women and girls. President Biden's administration is calling for voluntary cooperation from companies to curb the creation, spread, and monetization of nonconsensual AI images, particularly explicit images of children, due to the accelerating harm caused by AI technology. The initiative seeks action from AI developers, payment processors, financial institutions, and tech giants like Apple and Google to disrupt the monetization of abusive imagery and remove such content from online platforms more effectively. The administration acknowledges the need for federal legislation to support these efforts.
Source: YAHOO
Reported 6 months ago
The WNBA has officially named Toronto as its first international franchise, with the team set to begin playing in 2026. Owned by Kilmer Sports Ventures led by Larry Tanenbaum, the team's creation marks a significant step for women's professional sports in Canada. With the league expanding rapidly to accommodate the growing talent pool in women's basketball, Toronto's entry as the 14th team aligns with the WNBA's goal to reach 16 teams by 2028.
Source: YAHOO
Reported 6 months ago
"The Masked Singer" has crowned various celebrity winners over its 11 seasons, starting with T-Pain in Season 1 and most recently Vanessa Hudgens in Season 11. Other notable winners include Wayne Brady, Kandi Burruss, LeAnn Rimes, Nick Lachey, Jewel, Teyana Taylor, Amber Riley, Bishop Briggs, and Ne-Yo. The show has seen a mix of male and female winners, with each season bringing new surprises and talented contestants to the stage.
Source: YAHOO
Reported 6 months ago
Rafael Nadal faces a tough first-round match against Alexander Zverev at the French Open, which he has dominated with 14 titles and plans to retire from later this year. Andy Murray, also nearing retirement, will start against Stan Wawrinka. The tournament begins on May 26, with Katie Boulter and Cameron Norrie leading the British contingent facing challenging draws.
Source: YAHOO
Reported 6 months ago
Roger Penske, the owner of the Indianapolis Motor Speedway and the IndyCar Series, has been focused on revitalizing the Indianapolis 500 since his purchase in 2019. Penske's efforts have led to a resurgence in interest in the event, with increased ticket sales and improvements to the fan experience at the Speedway. Despite facing challenges, including a recent scandal involving his racing team, Penske remains determined to elevate the race back to its former glory.
Source: YAHOO
Reported 6 months ago
Rafael Nadal is confirmed to be participating in the French Open, with the draw pairing him against No. 4 seed Alexander Zverev in a challenging first-round matchup. The potential path for Nadal includes a potential semifinal against defending champion Novak Djokovic. In the women's draw, a notable potential semifinal matchup could feature No. 1 Iga Swiatek against No. 3 Coco Gauff. Despite Nadal's remarkable success at Roland Garros, his unseeded status led to a computerized draw that set up the intriguing match against Zverev.
Source: YAHOO
Reported 6 months ago
A joint report by J.D. Power and GlobalData projects a modest rise in U.S. auto sales in May compared to last year, driven by demand for crossover SUVs and pickup trucks. Automakers are focusing on hybrids and gasoline models due to uncertain EV demand, with total new vehicle sales expected to reach 1,446,800 units, a 2.9% increase from last year. Average transaction prices are predicted to be $45,033, with an increase in incentive spend and a decline in retailer profit per unit. Despite these trends, interest in purchasing EVs has decreased, attributed to factors like charging station availability and purchase price.
Source: YAHOO
Reported 6 months ago
Kelly Rowland attracted attention at the 2024 Cannes Film Festival when she appeared to admonish a female security guard on the red carpet. A lip-reading expert revealed that the incident started when the guard stepped on Rowland's dress, leading to an apology from the guard which Rowland initially accepted. However, her demeanor changed when the guard allegedly said something disrespectful, causing Rowland to assertively respond. This incident followed Rowland's previous abrupt exit from NBC's 'Today' show, with sources suggesting it was due to dissatisfaction with her dressing room and persistent questions about her relationship with Beyoncé. Despite the drama, Hoda Kotb and Jenna Bush Hager publicly expressed their admiration for Rowland and welcomed her back on the show.
Source: YAHOO
Reported 6 months ago
The article provides a summer entertainment guide, highlighting upcoming family-friendly movies for the season. Staff picks include "Inside Out 2," where Riley navigates puberty with her emotions, "Despicable Me 4" with Gru and the Minions facing a new nemesis, "The Garfield Movie" following the adventures of the sarcastic cat, "Harold and the Purple Crayon" based on a beloved children's book, and "Descendants: The Rise of Red" for a streaming option with new characters. The guide aims to offer options for both kids and adults to enjoy during the summer months.
Source: YAHOO
Reported 6 months ago
Jack in the Box fans who have been clamoring for the return of the Chick N Tater Melt sandwich will be delighted to know that the fast-food chain is bringing it back for a limited time following its discontinuation last year. Teaming up with rapper and actor Ice Cube, Jack in the Box will offer the Ice Cube Munchie Meal from June 3 to July 14, featuring the beloved sandwich along with other sides and a drink for $12.
Source: YAHOO
Reported 6 months ago
Chinese automaker Li Auto is facing a class action lawsuit from US investors for allegedly overstating the demand for its vehicles, including the Li Mega minivan. The lawsuit claims that Li Auto revised its vehicle delivery outlook for the first quarter of 2024 due to lower-than-expected order intake, leading to losses for investors. Additionally, the lawsuit alleges that the company engaged in securities fraud by failing to disclose accurate information about its business operations and prospects.
Source: YAHOO
Reported 6 months ago
The article highlights 14 iconic and memorable celebrity maternity looks, featuring a range of styles from bump-baring two-pieces to sheer and chic outfits, showcasing how these celebrity moms flawlessly rocked their pregnancy fashion.
Source: YAHOO
Reported 6 months ago
The article discusses Heidi Klum's appearance at the Cannes Film Festival and her poolside moment in a knit gold swimsuit, without revealing its source. It suggests an Amazon dupe for a similar swimsuit look and includes Heidi's emphasis on sun safety, recommending a tinted sunscreen by La Roche Posay.
Source: YAHOO
Reported 6 months ago
Source: BARRONS
Reported 6 months ago
The number of Americans filing for unemployment benefits decreased last week, with jobless claims falling to 215,000. Despite the Federal Reserve's efforts to loosen the labor market, layoffs remained historically low. The four-week average of claims rose slightly to 219,750, indicating stability in the job market. Even though the Fed raised interest rates in a bid to control inflation, the economy remains healthy with strong consumer spending. Job cuts have been announced by various companies recently, leading to a total of 1.79 million Americans collecting jobless benefits as of the week ending May 11.
Source: YAHOO
Reported 6 months ago
Kinder Morgan has acquired oil and gas assets in West Texas from Avad Energy Partners for around $100 million, including 265 wells and 11,600 acres with potential for increased oil production through enhanced recovery techniques like carbon dioxide injection. The deal reflects the industry's response to the Inflation Reduction Act's $60 per tonne tax credit for carbon sequestration, making older oilfields more financially feasible. Kinder Morgan plans to leverage carbon capture incentives to boost production from these properties and is considering divesting older conventional oilfields while focusing on higher-potential assets. The acquisition aligns with the company's commitment to staying in the exploration and production business, with estimates suggesting an additional 100-300 million barrels of oil could be extracted from the acquired field over time.
Source: YAHOO
Reported 6 months ago
Source: INVESTORS
Reported 6 months ago
Nvidia's stock price targets were upgraded by analysts following the company's strong first-quarter earnings report, which revealed record revenue and a positive outlook. CEO Jensen Huang reassured investors about the transition from H100 to H200 chips and the upcoming Blackwell system, prompting analysts to raise price targets and ratings for the stock. Despite concerns about maintaining market share in inference workloads, Nvidia's shares surged to an all-time high of over $1,000, indicating a positive market response.
Source: YAHOO
Reported 6 months ago
Despite Ralph Lauren forecasting annual revenue growth below market expectations, the company beat quarterly results and named insider Justin Picicci as its new chief financial officer, replacing Jane Nielsen. The apparel maker's shares rose 2% in morning trade as it predicted strong margins for the year, with a focus on improving gross margins by up to 100 basis points. Ralph Lauren has been shifting towards direct-to-consumer channels and digital sales to attract more customers, with its fourth-quarter revenue of $1.57 billion surpassing estimates, driven by robust demand in Europe and Asia. Sales in China grew over 25%, and the company reported better-than-expected earnings of $1.71 per share.
Source: YAHOO
Reported 6 months ago
A recent analysis by the Associated Press and CNHI News has revealed that Black Americans are significantly underrepresented in residential care communities, such as assisted living facilities, in the United States. While nearly half of Americans over 65 will require some form of long-term care, Black Americans are less likely to utilize these community living settings and more likely to reside in nursing homes. Factors contributing to this disparity include financial barriers, cultural preferences, insurance coverage, and the physical location of residential care communities, highlighting the complex challenges faced by older Black Americans in accessing appropriate care.
Source: YAHOO