Reported 6 months ago
Brazilian thrash metal band Nervosa have announced an extensive Fall 2024 North American headlining tour, with support from Lich King and Hatriot starting on August 29th in Milwaukee and concluding on October 13th in Chicago. The tour will include major destinations such as Los Angeles, Las Vegas, Dallas, Brooklyn, and Orlando, with general ticket sales beginning on May 24th through Ticketmaster and StubHub. Nervosa's vocalist and guitarist Prika Amaral expressed excitement for the tour, noting the special show they will bring to fans, referencing their 2023 album "Jailbreak."
Source: YAHOO
Reported 6 months ago
The article discusses the impact of phantom debt on consumer credit, particularly related to "buy now, pay later" (BNPL) plans. US credit card debt is at $1.12 trillion, with 15% of Gen Z consumers maxing out their credit cards. Macy's reported an 8.9% increase in credit card delinquencies, and Splitit CEO Nandan Sheth highlights the issue of "phantom debt" in credit markets due to BNPL plans not being closely monitored by credit agencies. Sheth emphasizes the need for more responsible lending in the BNPL space, especially after the Consumer Financial Protection Bureau announced plans to regulate BNPL like credit cards.
Source: YAHOO
Reported 6 months ago
Apple is challenging a $2 billion antitrust fine imposed by the EU at Europe's second-highest court, following accusations of impeding Spotify and other streaming rivals through restrictions on its App Store. The fine, the EU's first antitrust penalty against Apple, was issued in March, and Apple plans to appeal the decision. The case could potentially go through a lengthy legal process, with a ruling by the General Court in Luxembourg and potential further appeals to the Court of Justice of the European Union.
Source: YAHOO
Reported 6 months ago
A recent Bank of America report highlighted disparities in financial security among American workers, with 47% feeling secure but concerning gaps across race and gender. Operation HOPE CEO John Hope Bryant discussed how women and people of color can achieve financial freedom, noting a shift towards understanding financial health. Bryant emphasized the confusion between making money and building wealth as a key issue, with only 18% of African Americans investing in stocks. He stressed the importance of financial literacy and preparedness for future economic leadership.
Source: YAHOO
Reported 6 months ago
Source: BARRONS
Reported 6 months ago
Kylie Jenner was spotted wearing a stone-gray lounge set from her brand, Khy, featuring a slinky, asymmetric top and high-waisted, flared leggings. Paired with black sandals and a tote bag, Jenner completed the look with a neat bun and natural makeup. The outfit is a teaser for an upcoming release from her fashion brand, which aims to offer creative and high-quality designs at a more accessible price point.
Source: YAHOO
Reported 6 months ago
Democrats have urged the US Department of Justice to investigate major oil companies and their trade groups after a congressional probe found evidence of the industry deceiving the public about climate change for decades. The investigation, initiated by Democrats on the House Committee on Oversight and Accountability, accused companies like Exxon Mobil, Chevron, Shell, BP, the American Petroleum Institute, and US Chamber of Commerce of engaging in deceptive public relations campaigns while internally acknowledging the role of fossil fuels in climate change since the 1960s. Democrats believe there is sufficient evidence to warrant further investigation into potential violations of federal statutes by these entities.
Source: YAHOO
Reported 6 months ago
The Chief Investment Officer, Bill Smead, predicts that the stock market will experience stagnant returns for the next decade due to persistent inflation and increasing US debt levels. Smead warns that the S&P 500 Index could remain flat for 10-15 years, drawing parallels to the 1970s when high inflation resulted in poor stock performance. He anticipates a challenging period for stocks with potential losses similar to past market crashes, attributing the inflationary pressure to elevated public debt levels. Other experts also express concerns about a possible recession by April 2025.
Source: YAHOO
Reported 6 months ago
The article discusses the importance of considering the cost per use when making retail purchases, especially in light of ongoing inflation affecting consumer products. By calculating the cost per use, consumers can prioritize their spending on items that provide more value over time. Yahoo Finance contributor Ross Mac explains how this approach can help consumers make more informed purchasing decisions, particularly during times of economic uncertainty and inflation.
Source: YAHOO
Reported 6 months ago
Stanley has launched a new limited-edition Matcha Cream color for their popular Quencher Tumbler, available on both Stanley.com and Amazon with free delivery. The tumbler is known for its durability and ability to keep drinks cold or hot for hours, with a special lid design that offers convenience and versatility. The soothing green shade is available in various sizes, catering to different preferences, and has received overwhelmingly positive reviews, making it the No. 1 bestselling sports and outdoors item on Amazon.
Source: YAHOO
Reported 6 months ago
Federal officials have initiated the process to transfer FTX founder Sam Bankman-Fried to a new prison against his preference to remain in New York to aid in his appeal preparations, as reported by the Wall Street Journal. Bankman-Fried was recently sentenced to 25 years in prison for embezzling $8 billion from customers of the now-defunct FTX cryptocurrency exchange he established, following a jury's conviction on seven fraud and conspiracy charges related to FTX's 2022 collapse, considered one of the largest financial frauds in U.S. history.
Source: YAHOO
Reported 6 months ago
The article discusses the potential approval of spot ether ETFs by the Securities and Exchange Commission (SEC), following the success of spot bitcoin ETFs earlier this year. VettaFi Investment Strategist Cinthia Murphy highlights the robust demand for bitcoin ETFs and the growing interest in other crypto ETFs like ether. Murphy suggests that investing in spot ETFs is a good way to enter the cryptocurrency market and also recommends gold ETFs for portfolio diversification. Additionally, the article touches on the performance of metals like copper and their potential as investment options.
Source: YAHOO
Reported 6 months ago
Walt Disney Co. has reached an agreement to sell its minority stake in a subscription television broadcaster to Tata Group, allowing Disney to focus on merging its Indian unit with Mukesh Ambani’s media arm. The deal values Tata Play Ltd. at around $1 billion, with Tata Group now holding over 70% stake after acquiring Temasek Holding Pte's shares. Disney's stake sale comes amid significant changes in India's media industry, as Disney previously signed a deal to merge its India unit with Viacom 18 Media Pvt.
Source: YAHOO
Reported 6 months ago
Brazil's Finance Minister Fernando Haddad stated that despite good consumer price readings, the country's monetary policy remains "very restrictive," with inflation running within the central bank's target range. The central bank recently reduced the pace of its easing cycle by lowering Brazil's benchmark interest rate by 25 basis points to 10.5%, after previously making larger cuts. Haddad emphasized the importance of fiscal and monetary policies being aligned to control inflation, as the annual inflation rate in Brazil reached 3.69% in April, within the central bank's target range.
Source: YAHOO
Reported 6 months ago
UK Prime Minister Rishi Sunak has called a surprise general election for July 4, aiming to secure a win for the Conservative Party against the leading opposition Labour Party, led by Keir Starmer. Sunak's decision to call the election early surprised many within his own party, as the Tories have been struggling in the polls. Labour holds a significant lead, and Sunak's attempt to frame the election around economic recovery and stability faces challenges, with voters showing a negative view of him. Starmer's Labour Party is focused on boosting public services and economic growth to win over voters, aiming to translate their poll dominance into a victory in the election.
Source: YAHOO
Reported 6 months ago
Meta Platforms Inc. CEO Mark Zuckerberg has established a new advisory council called the Meta Advisory Group, which will provide guidance on the company's AI and technology advancements. The council includes executives from companies like Stripe, GitHub, and Shopify, and will meet periodically with Meta's management team to offer insights on innovation and growth opportunities in AI. The group's creation aligns with Meta's increased focus on AI development, as the company aims to expand its product offerings in hardware and software.
Source: YAHOO
Reported 6 months ago
According to Cars Commerce Senior Director of Industry Data and Insights, Rebecca Lindland, the auto industry is showing signs of stabilization despite facing obstacles like tariffs, dips in electric vehicle demand, and auto worker strikes. Prices for used cars have been high, but there is a shortage due to fewer people turning in leased vehicles. Consumers are encouraged to utilize tools like payment calculators on sites like Cars.com to find vehicles that suit their budgets. Additionally, the electric vehicle market is experiencing volatility, with more choices and variety for consumers. Inflation and insurance costs are also impacting the types of vehicles people are considering purchasing.
Source: YAHOO
Reported 6 months ago
China has imposed sanctions on 12 U.S. defense-related companies and 10 executives over arms sales to Taiwan in response to American sanctions on Chinese firms linked to Russia. The sanctioned entities include units of Lockheed Martin, Raytheon, and General Dynamics, with senior executives of Northrop Grumman Corporation and General Dynamics also targeted. These measures, enacted under China's Anti-Foreign Sanction Law, freeze assets in China, deny visas, and prohibit business dealings with Chinese firms, following U.S. arms sales to Taiwan and earlier American sanctions on Chinese entities related to Russia.
Source: YAHOO
Reported 6 months ago
Israel released previously withheld footage showing five female army conscripts being seized by Hamas gunmen during a raid on October 7, triggering the Gaza war. The captives' families hope the footage will pressure Prime Minister Benjamin Netanyahu to secure their release. The video, aired on Israeli television, depicts the women being bound and taken away by militants. Netanyahu's government aims to use the footage to garner support, while Hamas defends its fighters' actions and denies allegations of mistreatment. Hostage families urge the Israeli government to return to negotiations to bring their loved ones home.
Source: YAHOO
Reported 6 months ago
Emma Corrin has experienced significant backlash and vitriol since coming out publicly as queer and nonbinary, receiving negative responses from some fans who struggle to accept their identity. Despite this, Corrin finds gratifying moments in positively impacting fans, such as helping an older man understand his transgender grandchild after portraying Orlando in Virginia Woolf's novel. They acknowledge the challenges of being visibly nonbinary in an industry where such identities are not often centered but recognize the importance of taking up space and being visible to enact change.
Source: YAHOO
Reported 6 months ago
Private credit lenders and banks are in a competition to provide debt financing for a potential buyout of education software provider PowerSchool Holdings Inc. A roughly $3 billion debt package is being sought, with direct lenders like Ares Management Corp., HPS Investment Partners, Blackstone Inc., and Blue Owl Capital Inc. among those vying to provide funding. PowerSchool has attracted interest from private equity firms like Warburg Pincus and Bain Capital, and financing terms are still being finalized. The amount of funded debt discussed exceeds seven times PowerSchool's earnings, and preferred equity may be used to bridge any financing gaps.
Source: YAHOO
Reported 6 months ago
Disney has reached a deal to sell its stake in Tata Play, the satellite TV provider of India's Tata Group, for approximately $1 billion, as reported by Bloomberg News. This move comes as Disney aims to concentrate on its merger with Reliance Industries in India, forming an $8.5 billion entertainment powerhouse. Last month, Tata Sons increased its stake in Tata Play to 70% by acquiring a 10% stake from Temasek, making Tata Play a joint venture with Disney. Details on the change in joint venture shareholding post the stake sale were not provided in the report.
Source: YAHOO
Reported 6 months ago
JPMorgan's chief market strategist, Marko Kolanovic, has issued a pessimistic forecast for the S&P 500, predicting a potential 20% drop by the end of the year, with a year-end target of 4,200. Despite recent record highs in the stock market, Kolanovic cited high equity valuations and ongoing concerns about inflation, interest rates, and geopolitical uncertainty as reasons for the negative outlook. Additionally, he expressed skepticism that advancements in artificial intelligence could offset these challenges.
Source: YAHOO
Reported 6 months ago
The article discusses how certain statistics in fantasy baseball can be misleading and not tell the full story of a player's performance. It highlights examples such as Edwin Díaz's inflated ERA due to recent poor outings, Yordan Álvarez being undervalued despite strong underlying metrics, Pablo López's ERA not reflecting his overall pitching performance, and Patrick Sandoval's improved stats in May despite bad luck. Additionally, the article mentions Reese Olson's lack of wins despite a solid ERA, attributing it to poor run support and bad luck, while also noting that his performance may regress in the future.
Source: YAHOO
Reported 6 months ago
Camila Cabello and Lil Nas X released a new music video for their song "He Knows," in which they playfully fight over a love interest represented by a fluid mannequin. The cinematic video shows Cabello dancing with the love interest before Lil Nas X intervenes, leading to a physical altercation between the two artists until they realize the object of their affection is just a mannequin. Cabello praised Lil Nas X for his comedic talents and shared her enthusiasm for their collaboration. Additionally, she discussed her upcoming album, C, XOXO, calling it her best work yet and expressing pride in the project's depth and aesthetic.
Source: YAHOO