Reported 6 months ago
The World Bank reported that poverty in Lebanon has tripled over the past decade, with the percentage of people living below the poverty line increasing from 12% in 2012 to 44% in 2022. The data, based on surveys conducted in five out of eight governorates, highlighted stark differences in poverty levels across regions and between Lebanese citizens and Syrian refugees. Despite some progress on monetary and fiscal reforms, the IMF delegation visiting Beirut found that more comprehensive changes are needed to address the country's deep economic crisis, including restructuring the banking sector to prevent the growth of the cash and informal economy, which raises concerns about money laundering.
Source: YAHOO
Reported 6 months ago
Source: INVESTORS
Reported 6 months ago
Nvidia's CEO Jensen Huang anticipates a surge in demand for the company's graphics processors due to the rise of generative artificial intelligence technologies, particularly in video creation and human-like voice interactions. The need for more computing power to support advanced AI models has led to increased orders for Nvidia's chips, such as the Grace Hopper series. Companies like Tesla are utilizing thousands of Nvidia chips for AI training in autonomous driving systems. This demand growth has significantly boosted Nvidia's revenue and stock performance, with expectations for continued expansion in various industries beyond content production.
Source: YAHOO
Reported 6 months ago
The article discusses 32 rom-com couples who lacked chemistry in their movies, including pairs like Ashton Kutcher and Reese Witherspoon in "Your Place or Mine," Jennifer Lopez and Ralph Fiennes in "Maid in Manhattan," and Dakota Johnson and Jamie Dornan in "Fifty Shades of Grey." The lack of connection between these actors made it challenging for audiences to believe in their on-screen love stories, with some even resorting to CGI for intimate scenes.
Source: YAHOO
Reported 6 months ago
Defensive lineman Jonathan Allen of the Commanders stated that there has been a positive shift in the team's atmosphere this offseason, with new head coach Dan Quinn and General Manager Adam Peters leading everyone in a unified direction. Despite a 4-13 record in 2023, Allen believes the changes have made coming to work more enjoyable and described it as a dream job. With new additions like quarterback Jayden Daniels, the Commanders are hopeful that these changes will lead to better results in the future.
Source: YAHOO
Reported 6 months ago
Nvidia's stock surged after a robust earnings report, with earnings per share up over 450% and revenue increasing by more than 250% year-over-year. The company also announced a 10-for-1 stock split and a dividend raise. CEO Jensen Juang attributed the success to strong customer demand. Other companies reporting earnings today include Ralph Lauren, Intuit, and Workday, while Yahoo Finance trending tickers include AMD, Snowflake, and Dell Technologies. Scheduled guests for the day include Jeffrey Kleintop from Charles Schwab, Sonal Desai from Franklin Templeton Fixed Income, and Jay Woods from Freedom Capital Markets.
Source: YAHOO
Reported 6 months ago
South Africa's No 8 Jasper Wiese has been banned for six Tests, including the series against Ireland and two Rugby Championship matches, after receiving a red card in his final Leicester appearance for dropping an opposing player on his head. Despite admitting the charge, Wiese's ban has sparked debate over its severity, as it was deemed a moment of low-intensity clumsiness without malice. The lack of mitigation due to his previous disciplinary record has been criticized, leading to calls for a revision of rugby's sanctions processes for more consistency and fairness.
Source: YAHOO
Reported 6 months ago
Segantii Capital Management Ltd., one of Asia's largest hedge funds managing nearly $5 billion in assets, is closing and returning capital to investors following an insider trading charge in Hong Kong. The fund's closure was prompted by concerns of significant redemptions, with about 140 employees impacted and redemptions suspended. The company faces legal action and plans to defend itself against the charges, while also focusing on returning cash to investors in an orderly manner.
Source: YAHOO
Reported 6 months ago
DHL Supply Chain has partnered with Levu Air Cargo in Brazil to launch a private air transport service for domestic distribution of high-value goods. The venture involves DHL investing $98.3 million in Levu Air Cargo for cargo jets, including an Airbus A321 converted freighter, with plans to transport up to 10,000 tons of cargo per month by the end of 2025. The service aims to provide a reliable alternative to commercial airlines and trucking for sectors like automotive and healthcare, with DHL having priority access to the freighter capacity for its supply chain customers.
Source: YAHOO
Reported 6 months ago
The Vanguard Mega Cap Growth ETF has hit an all-time high, outperforming the S&P 500 and the Nasdaq Composite over the last five years with a total return of 138%. This ETF focuses on leading growth stocks, particularly in the technology, communications, and consumer-discretionary sectors, making it top-heavy and reliant on big tech companies for its performance. Investors considering this ETF as a long-term investment should evaluate the potential of megacap tech companies to monetize artificial intelligence and benefit from their advantages in market positioning and resources. With a low annual fee of 0.07%, this Vanguard fund offers a simple and cost-effective way to invest in large-growth companies.
Source: YAHOO
Reported 6 months ago
Actor Michael Richards, known for his role as Kramer in "Seinfeld," reveals in his upcoming memoir that he was diagnosed with stage 1 prostate cancer in 2018 and underwent surgery to remove his entire prostate. Richards, now 74, reflects on facing mortality and the decision to release his memoir as he turns 75, also addressing the racism controversy that led him to step away from show business 17 years ago. He emphasizes the importance of learning, healing, and focusing on family in his quiet life now, with the support of friends like Jerry Seinfeld.
Source: YAHOO
Reported 6 months ago
The article discusses billionaire investor David Tepper's quarterly holdings, highlighting his significant investments and sales in the portfolio. The analysis provides insights into key investment themes that may be relevant for investors. Additionally, the article includes a recommendation regarding investing in Nvidia and mentions other top stocks identified by The Motley Fool's Stock Advisor team. The piece also discloses the affiliations and recommendations of the author, Travis Hoium, and provides information about the publication's disclosure policy.
Source: YAHOO
Reported 6 months ago
Turkey's central bank decided to maintain its interest rates and introduced new measures to address excess liquidity and control lending in foreign currencies. The Monetary Policy Committee kept the benchmark rate at 50% and emphasized a tight policy stance until a significant decline in inflation. The central bank also imposed higher reserve requirements for commercial banks and a cap on monthly foreign exchange credit growth to manage liquidity glut concerns. Additionally, the bank raised reserve requirements for FX-protected accounts to facilitate a shift to regular lira deposits. Analysts expect a continued pause in rate hikes with a focus on fiscal adjustments and alternative tightening tools, while inflation data will influence future monetary policy decisions.
Source: YAHOO
Reported 6 months ago
Billionaire hedge fund manager David Einhorn has declared that value investing, a strategy favored by Warren Buffett, is "dead." Einhorn, president of Greenlight Capital, has shifted away from traditional value investing due to what he perceives as broken market structures. He now focuses on companies that are misunderstood and undervalued, emphasizing price discipline, cash flow, and a concentrated portfolio of 15 to 20 companies. Einhorn's revised approach contrasts with traditional value investing strategies, and individuals should consider their investing goals and risk tolerance when deciding between the two methods.
Source: YAHOO
Reported 6 months ago
Melinda Gates, co-founder of the Gates Foundation, discussed the challenges of the tech industry's male-dominated culture and her focus on supporting the next generation of female leaders during an interview with Yahoo Finance. Gates highlighted her journey from Microsoft's bro culture in the 1980s to empowering women leaders through her venture capital firm, Pivotal Ventures. She announced her decision to step down from the Gates Foundation and invest $12.5 billion in her philanthropic endeavors, particularly supporting women leaders. Gates emphasized the importance of diversity in leadership and her commitment to fostering a more inclusive environment in male-dominated industries like tech.
Source: YAHOO
Reported 6 months ago
Banco Santander SA is exploring interest in potential synthetic-risk-transfer transactions tied to over $6 billion in loans in Mexico and Brazil, including vehicle loans and corporate loans. The lender is seeking investor feedback for deals related to carmakers like Tesla Inc. and Suzuki Motor Corp., as well as a Brazilian loan portfolio. These transactions are in the early stages, with details on size and terms still pending, and could provide opportunities for double-digit yields for investors. Additionally, Santander is also considering selling a Spanish portfolio of mortgage and consumer/business loans.
Source: YAHOO
Reported 6 months ago
The article discusses how three billionaire hedge fund managers, including Tiger Global Management, Soros Fund Management, and Bridgewater Associates, have been buying stocks related to artificial intelligence (AI), such as Alphabet, Nvidia, and Meta Platforms. These funds showed significant purchases of Alphabet in Q1, with Bridgewater also buying Nvidia and Meta. The article highlights the potential of these stocks, particularly Alphabet and Meta, which are considered reasonably priced and executing well, making them attractive options for investors.
Source: YAHOO
Reported 6 months ago
The European Commission has fined Mondelez, the maker of Oreo cookies, 337.5 million euros for impeding cross-border sales of its products within EU member states. Mondelez, which also owns Cadbury and Toblerone, among other brands, engaged in anticompetitive practices aimed at restricting the trade of chocolate, biscuits, and coffee products. This resulted in higher prices for consumers and violated EU competition rules. The Commission highlighted the importance of free movement of goods in the single market and the impact on grocery prices, particularly in times of high inflation.
Source: YAHOO
Reported 6 months ago
Luka Doncic and Kyrie Irving combined for 63 points to lead the Dallas Mavericks to a 108-105 victory over the Minnesota Timberwolves in Game 1 of the Western Conference finals. Doncic scored 33 points, including 15 in the fourth quarter, while Irving added 30 points. Jaden McDaniels led the Timberwolves with 24 points, but Dallas outscored Minnesota in the fourth quarter to secure the win.
Source: YAHOO
Reported 6 months ago
The article discusses why Bristol Myers Squibb (BMY) may be a good investment despite its recent struggles. The pharmaceutical company has a high dividend yield of 5.6% and a reasonable payout ratio, but has faced challenges with slower-than-expected drug launches and upcoming patent cliffs. However, BMY has a history of successful acquisitions and has recently acquired Karuna Therapeutics, which could be a potential blockbuster. The article suggests that BMY's long-term value creation potential may make it an attractive investment for contrarian investors looking for a high-yield dividend stock with growth potential.
Source: YAHOO
Reported 6 months ago
Fulham midfielder Willian is a summer target for Saudi clubs as his contract with the team is running down, with interest from Saudi Pro League teams looking to add him to their South American roster. Meanwhile, Birmingham City is in talks with former Stoke and Norwich manager Alex Neil for their managerial position, while Plymouth Argyle is interviewing ex-Sheffield United manager Paul Heckingbottom for a potential role. Additionally, Arsenal is looking to sell midfielder Albert Sambi Lokonga permanently this summer after his loan spells at Luton Town and Crystal Palace.
Source: YAHOO
Reported 6 months ago
Stocks in the U.S. market slid, with the Dow Jones Industrial Average dropping over 1.5% for its worst day in a year, following Nvidia's blockbuster earnings that failed to spark a broader market rally. The tech-heavy Nasdaq Composite fell about 0.4%, while the S&P 500 dropped nearly 0.8%. Nvidia's shares surged over 9%, surpassing $1,000 for the first time, after beating Wall Street forecasts for the first quarter earnings and raising its guidance. However, concerns over interest rates dominated investor sentiment after a hot reading on economic activity and Federal Reserve minutes reignited worries over rate hikes.
Source: YAHOO
Reported 6 months ago
Source: YAHOO