Reported 6 months ago
The Baltimore Orioles suffered their first sweep in 107 series, losing to the St. Louis Cardinals 5-4 as concerns arose over starting pitcher John Means, who left the game with elbow discomfort after just three innings. Means, who had been performing well since returning from Tommy John surgery, will undergo testing to determine the severity of his potential injury. The loss ended the Orioles' impressive streak of not being swept in 106 consecutive regular-season series, dating back to 2022.
Source: YAHOO
Reported 6 months ago
Brooklyn Sudano, daughter of Donna Summer, spoke to PEOPLE about the comparisons between her late mother and Kelly Rowland, mentioning that they had discussed it as friends. Sudano also hinted at a potential biopic about her mother, following the release of the 2023 documentary "Love to Love You, Donna Summer," which she co-directed. Donna Summer's husband expressed interest in a limited series format for the biopic, praising Rowland and emphasizing the nuances of Summer's life and career.
Source: YAHOO
Reported 6 months ago
Walmart plans to invest $700 million in Guatemala over the next five years, as announced by the company's Central America head, Cristina Ronski, during the groundbreaking of a new store in the country. This investment follows a recent announcement of a $600 million investment in Costa Rica over the same period. Walmart's Mexico and Central America unit, Walmex, reported strong sales growth in Guatemala, Nicaragua, and Honduras in the first quarter, while Costa Rica saw moderate growth.
Source: YAHOO
Reported 6 months ago
Nvidia surprised investors with a strong earnings report, causing their stock to rally nearly 5% in after-market trading. The semiconductor chip maker exceeded Wall Street forecasts, particularly driven by strong data center sales and growth in revenue from gaming, automotive, and professional visualization sectors. Despite concerns about competition and high spending, Nvidia reported impressive revenue and profitability figures, leading to an increased revenue forecast for the next quarter. Additionally, Nvidia announced a 10:1 stock split and a 150% dividend increase, aiming to make stock ownership more accessible.
Source: YAHOO
Reported 6 months ago
49ers cornerback Deommodore Lenoir engaged in online trash talk with Packers cornerback Keisean Nixon, with Lenoir challenging Nixon's comments about letting a team off the hook in the NFC playoffs. The exchange, likely in good fun, was acknowledged by their mutual high school teammate Deebo Samuel. The playful banter stems from the 49ers' victory over the Packers in the playoffs, setting the stage for their upcoming Week 12 matchup in 2024.
Source: YAHOO
Reported 6 months ago
Harvard University's governing board has rejected a faculty decision to allow 13 students involved in pro-Palestine protests to graduate, highlighting tensions between the faculty and administration following mass protests. The students were sanctioned for their participation in the protests, and despite a faculty vote in favor of their graduation, the board's veto bars them from receiving their degrees. The students may still be awarded degrees pending the outcome of their disciplinary cases. The situation reflects wider unrest on college campuses over the Israel-Hamas conflict, with similar protests leading to arrests and disciplinary actions nationwide.
Source: YAHOO
Reported 6 months ago
Warner Bros Discovery's TNT network has signed a five-year deal with ESPN to broadcast select College Football Playoff games, starting from the upcoming college football season. TNT will present two-round games for two years and include two quarter-final games through the 2028 season. This deal comes amidst TNT's potential loss of NBA media rights, with hopes to retain the association to boost its streaming business and cable customer base. Additionally, Comcast's NBCUniversal plans to pay around $2.5 billion annually to broadcast NBA games, and Venu Sports, a sports-streaming service by Walt Disney, Warner Bros Discovery, and Fox Corp, is set to launch in the fall to attract a younger audience.
Source: YAHOO
Reported 6 months ago
The article discusses the departure of Lululemon's Chief Product Officer, Sun Choe, and the impact on the company's stock. Choe will be leaving to pursue another opportunity, and her responsibilities will be transferred to another executive. Following the announcement, Lululemon's stock dropped nearly 6%, with analysts expressing concerns about the company's future growth and competition challenges. Analysts have revised their outlook on Lululemon's stock, with price targets being adjusted and concerns raised about the company's narrative and potential future growth issues.
Source: YAHOO
Reported 6 months ago
George R.R. Martin promises that the upcoming HBO series "A Knight of the Seven Kingdoms" will have a much different tone than "Game of Thrones" and "House of the Dragon," being shorter but still set in Westeros with no character truly safe. The show will follow the adventures of Ser Duncan the Tall and his squire Egg in an age when the Targaryen line still holds the Iron Throne, based on Martin's Dunk-and-Egg novellas. Scheduled to premiere in June 2025, the series will be written and executive-produced by Martin and Ira Parker, with potential future adaptations of more Dunk & Egg stories.
Source: YAHOO
Reported 6 months ago
British Chancellor Rishi Sunak prepares for the upcoming UK election amidst hopes for economic recovery. While Sunak believes in the economy's positive trajectory with growth and rising living standards, Labour leader Keir Starmer argues for addressing the worst economic inheritance since World War II. The election battle will revolve around competing views on economic growth, living standards, and tax policies, with Labour focusing on real wage stagnation and higher prices under Conservative governance. Both parties stress the importance of achieving growth and fiscal sustainability, albeit through different approaches. Sunak faces challenges stemming from past economic struggles and must navigate issues such as Brexit, healthcare, and immigration in the context of improving living standards for UK citizens.
Source: YAHOO
Reported 6 months ago
The weak yuan is boosting the attractiveness of Hong Kong stocks over Chinese mainland stocks, with the Hang Seng China Enterprises Index outperforming the CSI 300 Index due to the weak yuan's impact on mainland stocks. The Hong Kong dollar's peg to the US dollar is shielding investors from higher US rates, making it a more appealing investment option. The influx of money from mainland investors into Hong Kong equities is supported by earnings optimism and cheap valuations, with analysts anticipating further depreciation of the onshore yuan due to delayed Fed rate cuts and trade tensions. Despite the dollar tailwind, the performance of Hong Kong stocks is still tied to the recovery of China's economy.
Source: YAHOO
Reported 6 months ago
Despite warnings from the International Monetary Fund regarding the urgency of addressing increasing debts, Group of Seven finance chiefs are meeting in Italy without the debt issue on the formal agenda, focusing instead on using frozen Russian assets to aid Ukraine and other topics. The sensitivity of the debt topic is attributed to upcoming elections in the US, UK, and EU, as well as Italy's precarious fiscal situation. Concerns persist in financial markets over the mounting debts of G-7 countries and the potential influence of bond vigilantes. The lack of collective resolve on addressing the debt issue raises concerns about long-term fiscal sustainability.
Source: YAHOO
Reported 6 months ago
A former managing director at Citigroup, Kathleen Martin, has sued the bank and its chief operating officer, Anand Selva, alleging she was fired for opposing attempts to provide false information to the Office of the Comptroller of the Currency (OCC) about the bank’s data governance metrics. Martin claimed Selva wanted her to hide critical information to make the bank look better, leading her to be fired in September 2023. The lawsuit states that the data governance work was related to a 2020 OCC consent order directing Citigroup to address deficiencies in risk management, data governance, and internal controls. Martin is seeking reinstatement, back pay, and bonuses. Citigroup denies the allegations, and the OCC has not provided immediate comment.
Source: YAHOO
Reported 6 months ago
TNT Sports has secured the rights from ESPN to broadcast early-round College Football Playoff games starting in 2024. The five-year agreement includes sublicensing ESPN's rights for two first-round playoff games each season until 2026, after which TNT will broadcast two quarterfinal games annually. This comes ahead of the 12-team CFP format launch post the 2024 regular season, where ESPN remains the exclusive rights holder through 2031, sharing with TNT for select games. This move occurs as TNT's NBA rights are under threat, potentially altering its content lineup.
Source: YAHOO
Reported 6 months ago
The U.S. Department of Justice, along with a group of states, is reportedly planning to sue Live Nation Entertainment with the possibility of seeking a breakup, according to Bloomberg News. This legal action is part of an antitrust campaign against Ticketmaster's owner, focusing on Ticketmaster's dominance in concert ticket sales. The lawsuit, expected to be filed in the Southern District of New York, comes after years of scrutiny following the Live Nation-Ticketmaster merger in 2010 and issues with ticket sales, particularly during a Taylor Swift concert tour. The aggressive approach of President Joe Biden's antitrust enforcers and the power of concert-goers are highlighted in this legal move.
Source: YAHOO
Reported 6 months ago
The Consumer Financial Protection Bureau has introduced a new rule stating that buy now, pay later lenders must adhere to the same legal rights and protections as credit card providers, including the right to refunds and transaction disputes. This regulation follows an inquiry into the industry due to consumer complaints, with major players like Affirm and Klarna welcoming the move and emphasizing their existing dispute resolution processes. The rule aims to ensure that consumers using buy now, pay later services are granted similar protections as those using traditional credit cards.
Source: YAHOO
Reported 6 months ago
近年来，人工智能领域的最新发展引起了公众的兴趣。这一趋势的副产品之一是处于这种技术转变前沿的公司的股价飙升。芯片制造商Nvidia的股价已经大幅上涨，其股价已从1999年初始公开募股时的0.25美元飙升至每股超过939美元，是其已进行的首次股票分拆。Nvidia宣布其董事会已批准进行10对1的前向股票分拆，股東將於2024年6月6日記錄日後的6月7日收盤後持有的每份股票將獲得9份額外的股份，預計分拆后股票將於6月10日開始以分拆調整的基礎進行交易。投資者無需採取任何措施即可收到額外的股份，經紀公司和投資銀行將處理相關事宜。
Source: YAHOO
Reported 6 months ago
Source: INVESTORS
Reported 6 months ago
New York Yankees owner Hal Steinbrenner revealed that the team's current record-high payroll, ranked third in MLB, is financially unsustainable due to luxury tax payments. Steinbrenner expressed concern over maintaining a $300 million payroll to win a championship and hinted at financial constraints despite the team's success led by players like Juan Soto and Aaron Judge. However, he mentioned upcoming financial flexibility as player contracts expire, potentially impacting negotiating deals for free agents like Soto.
Source: YAHOO
Reported 6 months ago
The family of one-year-old Kate Wise, known as the 'Four Seasons Orlando' baby on TikTok, shared the story behind her viral moment that drew comparisons to 'The Boss Baby.' In an exclusive interview with PEOPLE, the family revealed details about the adorable viral video that captivated viewers.
Source: YAHOO
Reported 6 months ago
杜邦將通過免稅交易將其電子產品和水務部門分離，形成三家上市公司，預計在未來兩年內完成。這將使留下來的公司專注於生物製藥和醫療器械等行業，產品包括泰維克和凱夫拉。這項計劃是該公司計劃分拆獲得更高回報的一部分，也是首席執行官Ed Breen的常規做法之一，他在此前的職業生涯中主導了數十億美元的交易，包括多次企業分拆。杜邦本身自與陶氏化學公司合併約十年來已經分拆了一些重要業務線。
Source: YAHOO
Reported 6 months ago
在Archegos Capital Management創辦人Bill Hwang的指控案件中，一名原告的主要證人承認在交叉審訊中與另一位關鍵證人有糾紛。被詢問時，證人提到自己對前Archegos主管交易員的不滿，這對總共四人中的計謀成員之間的不和可能損害控方所描述的一個“腐敗核心”形象。
Source: YAHOO
Reported 6 months ago
前總統川普周三解釋了他在神秘金錢案中拒絕作證的理由，部分歸因於裁判官對許多其他證人作證時的裁決未有有利於他的辯護團隊。歷經了多達15天、20位證人的作證後，檢察官已結案並休庭，而川普的辯護團隊僅傳喚2位證人後於週二休庭，沒有叫前總統上臺作證。
Source: YAHOO
Reported 6 months ago
When siblings inherit an IRA from their parents, they have the option to transfer the IRA into an inherited IRA, either jointly or individually. This rollover must occur by December 31 of the year of inheritance, and the siblings have 10 years to withdraw and pay taxes on the money. They can also choose to withdraw the entire value as a lump sum and divide the assets among themselves. Additionally, minor children can transfer the IRA into an inherited IRA, but they must follow the 10-year rule once they reach the age of majority. Seeking advice from a financial advisor is recommended to navigate the tax implications and rules surrounding inherited IRAs.
Source: YAHOO
Reported 6 months ago
Walgreens Boots Alliance has sold $400 million worth of shares in drug distributor Cencora, reducing its stake to about 12% from 13%. The proceeds will be used for debt paydown and general corporate purposes. This sale is part of a gradual reduction in stake over the past year, with previous sales totaling $674 million and $1.85 billion. The long-term partnership between the two companies remains unaffected. Cencora has also raised its fiscal 2024 profit forecast from $13.30-$13.50 to $13.35-$13.55 per share.
Source: YAHOO