Reported 6 months ago
The article reports that weekly jobless claims in the U.S. have decreased, indicating a strong labor market supporting the economy. The decline in claims follows two consecutive weeks and suggests that despite slowing job growth due to Federal Reserve interest rate hikes, layoffs remain low. Economists note that the labor market remains robust, with companies holding onto workers amid challenges in finding labor. The Federal Reserve has raised interest rates to slow demand, but the labor market continues to show strength, with no major signs of unraveling.
Source: YAHOO
Reported 6 months ago
Saquon Barkley, a running back in the NFL since 2018, recently joined the Philadelphia Eagles as a free agent and feels like a rookie again as he adjusts to a new team, playbook, and organization. Despite his experience, Barkley is embracing the opportunity to learn and grow with his new teammates, aiming to contribute positively to the team. The Eagles are hoping for a fresh start after a challenging season, and Barkley's mindset reflects the team's commitment to improvement and unity.
Source: YAHOO
Reported 6 months ago
Google is partnering with Foxconn to manufacture its Pixel smartphones in Tamil Nadu, India, according to sources. The production of the latest models will take place at Foxconn's existing facility in the state. This move comes as global manufacturers seek to diversify their supply chains away from China, with India being considered as an alternative. The investment in Tamil Nadu is distinct from a separate partnership between Dixon and Google for smartphone production in India. Google, Foxconn, and the Tamil Nadu government have not yet responded to requests for comment on this development.
Source: YAHOO
Reported 6 months ago
A retro dessert recipe called Omaha Cake, shared on Reddit's r/Old_Recipes, has gained popularity among Redditors. The recipe involves a quickbread-style cake made with simple ingredients like sugar, eggs, oil, flour, and baking powder, along with a can of pie filling of choice. The cake is described as reminiscent of home-cooked treats from simpler times. Personalizing the recipe, the author used homemade mulberry preserves turned into pie filling and added a thin powdered sugar icing drizzle on top. Tips for making the cake include using cooking spray for easy removal, checking doneness with a toothpick, experimenting with different pie fillings, and adding citrus juice to the icing for extra flavor.
Source: YAHOO
Reported 6 months ago
Foreign investors are increasingly buying Turkish lira-denominated government bonds, with the largest monthly inflow into the country's domestic debt on record. In the past four weeks, overseas investors purchased a net $5.5 billion of Turkish debt, the highest level since February 2021. This surge in purchases follows Turkey's central bank implementing a larger-than-expected interest rate hike in March, along with promises of monetary orthodoxy and lower inflation. Foreign sentiment towards Turkish assets has improved, with Bank of America strategists recommending lira forwards and Citigroup Inc. suggesting that Turkish markets are on the cusp of a "Renaissance moment."
Source: YAHOO
Reported 6 months ago
According to a Reuters poll of stock analysts, the global equity bull run is showing signs of fatigue, with most major stock indexes not expected to repeat last year's stellar performance. Analysts believe a near-term correction is unlikely, as financial markets are scaling back 2024 rate cut expectations and stock indexes are already trading close to lifetime highs. Despite this, a strong global economy, ongoing tech stock boom, and solid corporate profit fundamentals are likely to prevent any major drop in stock prices in the near future. Most analysts do not foresee a correction of 10% or more over the next three months, with expectations for muted equity returns in 2024. The S&P 500 is forecasted to end the year near current levels, while Japan's NIKKEI index is expected to gain another 5%. European and British stocks are predicted to have little headway or slight declines by year-end, with India's benchmark BSE index leading its peers with a gain of over 8% for the remainder of the year.
Source: YAHOO
Reported 6 months ago
Vanessa Hudgens relied on her experience from her High School Musical days and musical theater background while competing on The Masked Singer as Goldfish in season 11. She expressed gratitude for being able to express herself freely on the show and emphasized the importance of hard work and dedication. Vanessa ultimately won the competition, beating out 14 other celebrity contestants, and shared her journey of self-discovery during her time on the show.
Source: YAHOO
Reported 6 months ago
Mexico's economy showed weak growth at the beginning of the year with a 0.3% expansion in the first quarter and a slowdown in March, while annual inflation accelerated to 4.78% in May, above the 3% target. These economic challenges come just days before the presidential election on June 2, with the next president inheriting a difficult economic situation due to weakening demand for exports, bad weather affecting agriculture, and limited room for interest rate cuts. Despite government spending efforts to boost the economy, the data highlights the struggles the next administration will face in sustaining growth.
Source: YAHOO
Reported 6 months ago
The Red Nose Day 2024 campaign, led by Comic Relief US, aims to fight child poverty by incorporating whimsical and fun elements such as a life-sized cookie, a monster truck ride, and partnerships with brands like Lego. The campaign seeks to evoke childhood wonder and raise donations to support underserved American children, particularly relevant as child poverty rates doubled in 2022 due to the pandemic. Through interactive experiences and partnerships with entertainers and corporations, the campaign hopes to emphasize the importance of providing children with a healthy and joyful childhood.
Source: YAHOO
Reported 6 months ago
Source: BARRONS
Reported 6 months ago
Source: BARRONS
Reported 6 months ago
Mexico's consumer prices rose more than expected in the first two weeks of May, with annual inflation reaching 4.78%, slightly above the forecasted 4.75%. The country's central bank, Banxico, held its interest rate steady at 11% amidst rising inflation pressures, with core inflation slowing to 4.31%. The persistence of high inflation is attributed to strong domestic consumption bolstered by remittances and cash transfer programs, particularly in light of the upcoming presidential election. Banxico's policymakers have revised their inflation forecasts upward, indicating a slow path toward reaching the 3% target by the end of 2025.
Source: YAHOO
Reported 6 months ago
Anya Taylor-Joy recently appeared on The Late Show With Stephen Colbert in a stunning Mugler corset dress that featured a butt-baring open-back effect, following her trip to Cannes for the premiere of Furiosa: a Mad Max Saga. During the show, she discussed learning to drive for the film and expressed her intention to get her driver's license once her press tour is over.
Source: YAHOO
Reported 6 months ago
Source: INVESTORS
Reported 6 months ago
In a recent episode of the 'Opening Bid' podcast, New York Times Finance Reporter Rob Copeland discussed the sentiments of billionaires on Wall Street towards Trump as the election approaches. Copeland noted a shift in attitude compared to previous years, where many billionaires are now expressing concerns about Biden or viewing both candidates as imperfect, leading them to lean towards supporting Trump. Even prominent figures like Ken Griffin, who had not previously supported Trump, are now considering backing him. While Trump does not yet have full support from these individuals, he is making progress in gaining their favor.
Source: YAHOO
Reported 6 months ago
Shania Twain, at 58 years old, has debuted a stunning white hair transformation while performing on stage, showcasing her ability to effortlessly pull off various hair colors over the years. Embracing the growing trend of white hair often associated with aging, Twain wowed audiences with her pure dove-white curls during her recent Vegas residency kick-off. Fans praised her for the bold and impactful look, which perfectly complemented her silvery space cowgirl aesthetic. Additionally, Twain cleverly incorporated a dark root reveal during an outfit change mid-show, showcasing her style versatility and making a strong statement with her hair transformation.
Source: YAHOO
Reported 6 months ago
Source: INVESTORS
Reported 6 months ago
The article discusses the parallels between the current spot Ethereum ETF approval process and the previous launch of spot Bitcoin ETFs, noting that both faced initial caution from the SEC but eventually gained traction due to various stakeholders' pressure and the maturing crypto market. The article highlights the growing institutional interest in cryptocurrencies and the potential approval of an ether-based ETF. It also speculates on the possibility of a Dogecoin ETF approval, suggesting that cryptocurrencies with clear use cases beyond speculation and robust ecosystems may be viewed more favorably. Overall, the article emphasizes the complex path to approval for spot cryptocurrency ETFs and the SEC's cautious approach in considering well-structured proposals.
Source: YAHOO
Reported 6 months ago
Chick-fil-A has launched a new Maple Pepper Bacon Sandwich and is bringing back the iconic Peach Milkshake for the 15th year in a row as part of their summer menu. The sandwich features a lemon-herb marinated grilled chicken fillet, maple-flavored brioche bun, pepper Jack cheese, candied pepper bacon, and spicy bread and butter pickles, offering a light yet indulgent flavor profile. The Peach Milkshake combines real peach purée with Chick-fil-A’s Icedream dessert, providing a refreshing and authentic taste. Both items will be available nationwide starting June 10 for approximately 10 weeks.
Source: YAHOO
Reported 6 months ago
The Federal Aviation Administration stated that Boeing faces a "long road" to address safety issues, with the company expected to submit a plan next week to address systemic quality-control concerns following incidents like a door panel detaching on an Alaska Airlines 737 MAX 9 flight. The FAA emphasized that the 90-day plan marks just the beginning of a process to ensure Boeing manufactures safe airplanes, focusing on quality, safety systems, and company culture. Boeing also faces a Justice Department investigation related to the door incident, with ongoing efforts to improve quality and safety measures.
Source: YAHOO
Reported 6 months ago
Normani released a super sexed-up trailer for her debut album "Dopamine (First Dose)," featuring her straddling a rocket and giving an acrobatic lap dance. The teaser promises a seductive and provocative album set to be released on June 14, showcasing Normani's journey and resilience since leaving Fifth Harmony. The album features a mix of dance tracks and introspective songs, with Normani expressing her dedication to the project despite delays.
Source: YAHOO
Reported 6 months ago
Source: INVESTORS
Reported 6 months ago
The article discusses the performance of Chipotle Mexican Grill, a company in which hedge fund manager Bill Ackman holds a stake, and the proposed 50-for-1 stock split. The split aims to make the stock more accessible to a broader range of investors, following a significant rise in Chipotle's stock value of 926% since 2018. Despite the high valuation of Chipotle's stock, the company's investments in digital operations and strong financial performance suggest a compelling long-term investment opportunity, potentially leading to further growth after the split.
Source: YAHOO
Reported 6 months ago
A TikTok video featuring one-year-old Kate Wise from Tampa, Florida, has gone viral, with over 40 million views and 5 million likes. The clip, originally intended for a family group chat, shows Kate enthusiastically raising her hand when asked about a trip to the Four Seasons Orlando. Despite the unexpected fame, Kate's family shares that she is a smart and vocal child, with her parents joking that she knows how to steal the spotlight from her sister. The family is adjusting to Kate's newfound viral fame and has received attention from various big brands, including the Four Seasons Orlando resort.
Source: YAHOO
Reported 6 months ago
The number of 401(k) millionaires increased by 43% in the past year, with the first quarter seeing 485,000 new millionaires, a 15% increase from the previous quarter, according to Fidelity Investments. These millionaires took an average of 26 years to reach $1 million, with an average contribution rate of 17%. The average 401(k) account balance in the first quarter was $125,900, up 16% from the year before, and the median balance was $28,900. Additionally, the average IRA balance was $127,745, up 13% from the previous year. Despite the growth in account balances, Americans still feel they need $1.46 million to retire comfortably.
Source: YAHOO