Reported 6 months ago
The U.S. Trade Representative's office has extended some Chinese tariff exclusions on 352 Chinese import and 77 pandemic-related categories through June 14, with some extended until May 31, 2025. These exclusions cover various goods like animal-feeding machinery, blood pressure monitors, and thermostats. However, many exclusions are set to expire, leading to additional tariffs on products like garage-door openers and electric motorcycles. This move follows the Trump administration's implementation of tariffs in 2018 and 2019 under Section 301, with President Biden also maintaining and adding to these restrictions on Chinese exports.
Source: YAHOO
Reported 6 months ago
The article highlights the importance of using high-quality body sunscreens to prevent skin cancer, particularly in the face of increasing rates in the US. It provides recommendations for the best body sunscreens of 2024, including options from brands like Supergoop, EltaMD, Sun Bum, and more, based on expert and celebrity endorsements. The article also explains the differences between face and body sunscreens, emphasizes the need for regular reapplication, and provides guidance on selecting the right sunscreen based on skin type and preferences.
Source: YAHOO
Reported 6 months ago
The NCAA's multibillion-dollar antitrust settlement, allowing players to be paid from a revenue-sharing pool, will not deter ongoing efforts to unionize college athletes, according to union advocates. The settlement did not address the question of whether players are employees or student-athletes, prompting continued advocacy for collective bargaining. The NCAA and Power Five conferences have agreed on the settlement, while also lobbying Congress to pass legislation to shield them from future legal challenges and ensure that players are not classified as employees.
Source: YAHOO
Reported 6 months ago
On the latest episode of "Asking for a Trend" on Yahoo Finance, host Julie Hyman discusses the "copy trading" feature with dub Founder and CEO Steven Wang, previews upcoming retail earnings events, and delves into market trends, including the potential approval of a spot Ethereum ETF by the SEC and the implications for the crypto market. The show also covers retail earnings, mortgage rates falling below 7%, and the growth and challenges in the beauty industry, with Elf Beauty's chairman and CEO Tang Amin discussing the company's success and focus on diversity.
Source: YAHOO
Reported 6 months ago
The article discusses the recent market whiplash and the state of index investing, with experts warning about complacency in the market despite solid footing in 2024. Pernas Research Co-Founder and Mahoney Asset Management CEO join to analyze the situation, highlighting cracks in certain market areas while large cap quality performs well. They discuss the importance of considering different sectors for investment opportunities, with a focus on big tech companies like Meta and Apple. The experts also touch on the challenges faced by pandemic darling companies and the potential for their rehabilitation.
Source: YAHOO
Reported 6 months ago
In the latest episode of Market Domination Overtime, hosts Julie Hyman and Jared Blikre analyze the week's market activity, highlighting the major indexes' retreat from record highs due to Nvidia's earnings report and stock split announcement. Charles Schwab's head trading strategist, Joe Mazzola, joins to provide insights on the market's volatility throughout the week. The article also covers Nvidia's strong performance, the impact of stock splits on market momentum, and the growing importance of AI in various industries, especially in autonomous driving technology. As traders navigate uncertainties related to inflation, consumer spending, and crowded AI trades, the article suggests that tech stocks like Nvidia continue to be favored despite perceived overcrowding.
Source: YAHOO
Reported 6 months ago
Charles Schwab Head Trading and Derivatives Strategist Joe Mazzola discusses how recent volatility, signals of higher interest rates, hot inflation prints, and Nvidia's earnings release have shifted investor sentiment on markets, making traders less bullish in Q2. Mazzola notes that tech and industrials were the only sectors that had a good week, with concerns rising about inflation outlooks and market valuations. As traders approach the summer months, uncertainty remains regarding market movements and potential catalysts, such as upcoming earnings reports and consumer spending data. Despite traders feeling that the AI trade is crowded, they still show interest in it, highlighting the ongoing complexity and unpredictability in the current market environment.
Source: YAHOO
Reported 6 months ago
Yahoo Finance's Market Domination discusses the market performance, including the major indexes closing higher before Memorial Day weekend. Nvidia's strong earnings report and demand for AI products, Tesla's scrutiny over Elon Musk's pay package, diversifying portfolios with food stocks, and trending tickers like Workday, Deckers Outdoor, Lions Gate Entertainment, and Petco are highlighted. The discussion emphasizes the current market volatility, potential catalysts, and the importance of diversification and value investing in both large-cap and small-cap sectors. The article concludes by discussing Lions Gate and Petco's financial performance, potential growth opportunities, and the impact of complacency and valuation in the market.
Source: YAHOO
Reported 6 months ago
The article discusses how Nvidia's stock has the potential to reach $1,400 according to Wall Street analyst Hans Mosesmann from Rosenblatt. Despite already doubling in 2024, Nvidia's data center products for AI applications continue to drive growth, with revenue exceeding expectations in the first quarter of fiscal 2025. The company's strong performance in AI, gaming, Ominverse, and automotive sectors suggests further growth potential, especially with the upcoming Blackwell architecture. Mosesmann believes Nvidia will continue to outperform and innovate, potentially leading to even higher stock prices beyond the $1,400 target.
Source: YAHOO
Reported 6 months ago
ESPN's Bill Barnwell awarded the San Francisco 49ers the superlative of being the "team most likely to take an exciting playmaker in the middle rounds who might never see the field" in his assessment of the team's 2024 NFL offseason. Barnwell highlighted the 49ers' history of drafting promising players who end up not making significant contributions, emphasizing the importance of making successful draft picks to maintain a competitive roster. Despite potential depth chart challenges for rookies like Ricky Pearsall, Isaac Guerendo, and Jacob Cowing, the 49ers aim to have them prepared for any opportunities that arise during the upcoming season.
Source: YAHOO
Reported 6 months ago
Knicks associate head coach Johnnie Bryant is being considered for the Cleveland Cavaliers head coaching job after the firing of J.B. Bickerstaff. Bryant, who has been with the Knicks for the past four successful seasons, is known for his player development skills and strong coaching abilities. Cleveland also has former Nets coach Kenny Atkinson and James Borrego on their radar. The Knicks would need to grant permission for Bryant to interview with the Cavs, and Bryant's candidacy could be boosted if Donovan Mitchell remains in Cleveland. Mitchell, who has expressed happiness in Cleveland, is eligible for a contract extension. If Mitchell decides not to sign, Cleveland may consider trading him, with the Knicks being one of the teams mentioned as having interest in the past.
Source: YAHOO
Reported 6 months ago
First Solar's stock surged by 40.1% due to positive analyst coverage and expectations of benefiting from the AI revolution. The company's stock hit a decade-long high after China's solar regulatory agency advocated against pricing wars. Analysts at UBS, Piper Sandler, and JPMorgan Chase raised price targets, anticipating significant earnings growth. With a market cap of $29.6 billion, First Solar's long-term growth potential and recent stock momentum as an AI play suggest a sustained rally may be ahead.
Source: YAHOO
Reported 6 months ago
Yahoo Finance's Julie Hyman highlights key events to watch next week, including retailers' quarterly results from companies like Abercrombie & Fitch, American Eagle Outfitters, and Costco Wholesale. Additionally, US consumer confidence data is expected, along with commentary from Federal Reserve Presidents Loretta Mester and Neel Kashkari. The week will end with the release of the Personal Consumption Expenditures Price Index.
Source: YAHOO
Reported 6 months ago
CBS' Elsbeth finale was the most-watched show on Thursday, with a 14% increase in viewership from the previous week. ABC's 9-1-1 led the night in the demo ratings, while shows like The Price Is Right at Night and Grey's Anatomy also saw audience growth and highs in viewership. NBC's The Wall and FOX's I Can See Your Voice maintained steady ratings, and Don't Forget the Lyrics returned to typical numbers.
Source: YAHOO
Reported 6 months ago
SoundHound AI's stock has surged by 138% this year, with strong revenue growth reported in the first quarter of 2024. Despite this, the company is still relatively small and burning cash at a higher rate, leading to operating losses. While SoundHound AI holds a significant cash balance, it raised capital by selling $137 million worth of stock, which may have inflated share prices. The stock is currently overvalued with a P/S ratio of 24.8, making it a speculative investment with considerable risks, especially with increasing competition in the AI voice recognition sector. The article suggests that there are potentially stronger investment opportunities in the AI landscape from larger and more established companies.
Source: YAHOO
Reported 6 months ago
Ty Gibbs has secured the pole position for the Xfinity Series race at Charlotte Motor Speedway, with Kyle Busch starting alongside him in second place. The race is set to include six drivers competing in both the Xfinity and Cup races, with the green flag scheduled to wave at 1:19 p.m. ET on Saturday.
Source: YAHOO
Reported 6 months ago
The article discusses how dub Founder and CEO Steven Wang explains the concept of "copy trading" on his brokerage platform, allowing investors to buy into portfolios based on the investments of politicians and business leaders. This platform features portfolios linked to figures like Nancy Pelosi, Jerome Powell, Bill Ackman, and Warren Buffett. Wang emphasizes the trend of following people and ideas in investing, particularly among Gen Z and Millennial retail traders, as opposed to traditional number-focused strategies. Dub aims to bring trust and transparency to the investment system, offering a regulated platform that validates traders' track records to mitigate risks associated with the cult of personality in investing.
Source: YAHOO
Reported 6 months ago
Marvin Harrison Jr. has officially signed with the Arizona Cardinals, allowing the NFL Players Association to sell his jerseys as per his contract. While there was initially a dispute with Fanatics that led to a lawsuit, Harrison has now authorized the sale of his jerseys, although they are not yet available on the Cardinals' website or Fanatics online store.
Source: YAHOO
Reported 6 months ago
Nvidia has announced a 10-for-1 stock split, a move historically associated with outperforming the S&P 500. Stock splits aim to make shares more accessible to investors. Bank of America's research shows that companies that undergo stock splits tend to perform well after the split, with 30% experiencing declines. The trend of stock splits had declined but is now seeing a resurgence, with 36 S&P 500 companies above $500 per share potentially being eligible. There's speculation that companies undergoing stock splits could join the Dow Jones Industrial Average, as it is price-weighted.
Source: YAHOO
Reported 6 months ago
IndyCar officials have outlawed the "Tail of the Dragon" maneuver at the Indianapolis 500, a move that brought racers dangerously close to disaster near the pit attenuator wall. Cars crossing the dashed white line from Turn 4 to the pit entry will now be penalized, with possible penalties including drive-through penalties or time penalties. The rule change was implemented ahead of the 108th Indianapolis 500, aiming to prevent potentially dangerous racing tactics like the zig-zag move used in previous races.
Source: YAHOO
Reported 6 months ago
Families of Uvalde school shooting victims have filed two lawsuits against Meta, Microsoft, and gunmaker Daniel Defense, alleging they marketed dangerous weapons to impressionable teens like the Uvalde shooter. The complaints claim that Daniel Defense used Instagram and Activision's video game Call of Duty to promote assault-style rifles to teenage boys, with Meta and Microsoft facilitating the strategy. The lawsuits were filed on the two-year anniversary of the shooting, where 19 children and two teachers were killed. The families' lawyers argue that these companies exposed the shooter to the weapon and trained him to use it, leading to the tragic incident.
Source: YAHOO
Reported 6 months ago
Lonzo Ball expects to be ready to play for the Chicago Bulls in the first game of the 2024-25 NBA season, as revealed on the second episode of his podcast "What An Experience." Despite undergoing three knee surgeries since January 2022, including a meniscus repair, arthroscopic debridement, and cartilage transplant, Ball is optimistic about his return and is currently at about 70% health. His recovery has been challenging, but he is determined to make a comeback and aims to be fully prepared when the season begins in October.
Source: YAHOO
Reported 6 months ago
Source: WSJ
Reported 6 months ago
In a segment on Good Buy or Goodbye?, Mizuho Securities Managing Director and Senior Consumer Equity Research Analyst John Baumgartner discusses food stocks for investors' portfolios. Baumgartner recommends Utz Brands (UTZ) as a "good buy" due to consumer preference for salty snacks, market share growth, and profit increases from restructuring. He points out that Utz is investing in AI analytics for margin expansion. On the other hand, Beyond Meat (BYND) is flagged as a stock to avoid due to demand weakness, competition from Impossible Foods, and potential equity dilution.
Source: YAHOO
Reported 6 months ago
GameStop's stock surged after the company announced it raised nearly $1 billion through a stock sale program, selling 45 million shares to raise around $933 million. The move came in response to a spike in trading earlier in the month, with the stock jumping by 25% in extended trading. GameStop plans to use the proceeds for general corporate purposes, including acquisitions and investments, as its underlying business has been struggling due to the shift towards digital game downloads.
Source: YAHOO