Reported 7 months ago
Analysts are adjusting Dell's stock price targets ahead of its fiscal 2025 first-quarter earnings report, set for May 30, 2024. Dell's focus on AI and recent initiatives, such as the Dell Factory collaboration with Nvidia, have prompted price target increases from analysts, with projections of positive growth in the AI sector and potential revenue opportunities. Wall Street is expecting earnings of 57 cents a share and revenue of $21.56 billion. Bank of America Securities raised their price target on Dell to $180, citing growth prospects in AI and storage demand, while Loop Capital raised their target to $185, emphasizing Dell's capability in infrastructure products and services.
Source: YAHOO
Reported 7 months ago
American Airlines Group Inc. dismissed its commercial chief, Vasu Raja, following a critical review by Bain & Co. that revealed its new marketing strategy alienated corporate clients, leading to lagging revenue. CEO Robert Isom fired Raja after feedback from the report indicated concerns over the airline's sales approach. Raja's departure coincided with American slashing its profit outlook and key revenue measure, causing its stock to drop the most in almost four years. Isom acknowledged the need to modify the strategy, particularly the plan to limit AAdvantage miles for trips bought directly from the carrier, which had upset travel managers.
Source: YAHOO
Reported 7 months ago
Isaiah Buggs, Kansas City Chiefs defensive tackle, turned himself in to Tuscaloosa Police after being charged with two counts of second-degree animal cruelty for allegedly leaving two malnourished dogs unattended. Apart from this case, Buggs faces multiple legal issues, including accusations of menacing, assault, and city code infractions at his Kings Hookah Lounge business. His agent has denied the charges, attributing them to a targeted campaign to close Buggs' business.
Source: YAHOO
Reported 7 months ago
The NFL Players Association (NFLPA) is advocating to replace Organized Team Activities (OTAs) with a longer ramp-up period to training camp, citing concerns about the effectiveness and physical impact of OTAs. The push to increase time off is seen in light of the league's potential addition of an 18th game to the regular season, which could provide players with increased leverage in negotiations. While players are supportive of the idea, coaches might resist due to their desire for more practice time. The article discusses the potential implications of these proposed changes and the upcoming debates within the NFL.
Source: YAHOO
Reported 7 months ago
China has lifted bans on five major Australian beef exporters, allowing them to resume trade immediately as part of efforts to normalize economic ties with Canberra. The move follows improved diplomatic relations and the majority of tariffs being lifted since the election of Australia's center-left Labor government in May 2022. This decision is expected to increase Australian beef exports to China and provide consumers with more options in the market, potentially impacting the dominance of South American beef.
Source: YAHOO
Reported 7 months ago
Composer Terence Blanchard discusses his involvement in writing the score for National Geographic's "Genius: MLK / X," highlighting the importance of depicting the lives of civil rights leaders Martin Luther King Jr. and Malcolm X for young people. Blanchard aimed to create a distinct sound for each leader while showcasing their powerful and unique stories. The series also features songs from contemporary artists like Jacob Banks and Aloe Blacc, with Rhiannon Giddens contributing a gospel-flavored anthem for the iconic "I Have a Dream" speech. The goal is to connect the historical narrative with present-day issues, emphasizing the ongoing relevance of the civil rights movement.
Source: YAHOO
Reported 7 months ago
During the Philadelphia Phillies' 6-1 win over the San Francisco Giants, tensions rose at Oracle Park leading to benches clearing after Giants pitcher Kyle Harrison threw close pitches at Bryce Harper. Despite the heated incident, the Phillies went on to secure the win, ending a three-game losing streak and avoiding a series sweep. Harper, who was notably involved in a brawl at Oracle Park seven years prior, remained calm during the altercation and attributed his reaction to not wanting to get hit in the face again.
Source: YAHOO
Reported 7 months ago
Activist investor Nelson Peltz has sold his entire stake in Disney at around $120 a share, yielding a return of about $1 billion, following his loss in a proxy battle to secure board seats at the company. Peltz's hedge fund, Trian Fund Management, had owned $3 billion in Disney stock and had been pushing to shake up the board. Despite Disney's successful defense, Peltz stated that Trian would continue to monitor the company's performance. Disney shares have risen 12% this year but dropped 15% since the proxy battle.
Source: YAHOO
Reported 7 months ago
Actor Johnny Wactor from 'General Hospital' died from a gunshot wound to the chest during a confrontation with armed thieves trying to steal his car's catalytic converter in Los Angeles. The incident occurred after he finished his shift as a bartender and was walking to his vehicle. The LAPD is seeking public assistance in tracking down the suspects, who fled the scene. Wactor's family stated that he was protecting a female co-worker when he was shot. He was known for his roles in various TV shows and films, including General Hospital, Station 19, and Dead Talk Tales: Volume I.
Source: YAHOO
Reported 7 months ago
Joe Jonas hinted at his divorce from Sophie Turner in a new song teaser on TikTok, mouthing lyrics about feeling miserable and reflecting on the aftermath of their split. The singer filed for divorce in September 2023, and while he has mostly remained quiet about the breakup, the couple released a joint statement at the time. Jonas has recently been seen with model Stormi Bree, while Turner has seemingly moved on with British aristocrat Peregrine Pearson. Turner expressed her unhappiness with how things unfolded post-divorce but shared that they are doing their best to co-parent their children.
Source: YAHOO
Reported 7 months ago
Country singer Shania Twain, 58, shared in an interview with Extra that she is embracing aging by having fun with it, including experimenting with colorful hair changes like her recent cotton candy pink hairstyle. Twain expressed that the pink hair made her feel and look younger, allowing her to redefine beauty standards and not worry about others' opinions. She believes aging is not something to fear or waste energy worrying about, as she continues to make bold choices and focus on positive vibes during her Las Vegas residency.
Source: YAHOO
Reported 7 months ago
Billionaire Nelson Peltz's Trian Fund Management has sold its entire stake in Walt Disney after a boardroom battle, per CNBC. The hedge fund was Disney's fifth-largest shareholder with a 1.77% stake and sold it at around $120 per share, making about $1 billion. Peltz and Blackwells Capital launched separate campaigns seeking change at Disney, with Peltz aiming for board seats but only gaining 31% shareholder support. Disney shareholders backed CEO Bob Iger, leading to Trian's stake sale. Disney and Trian declined to comment on the matter.
Source: YAHOO
Reported 7 months ago
Sean 'Diddy' Combs allegedly beat up music executive Shakir Stewart in 2000 over Stewart's relationship with Combs' ex, Kim Porter, leaving Stewart bloodied on a hotel floor in Italy and threatening to kill him, as reported by Rolling Stone. This incident was part of a toxic relationship involving physical abuse towards Porter and follows other recent allegations of physical and sexual abuse against Combs, who has denied all accusations but apologized for his behavior in a 2016 surveillance video showing him physically assaulting Cassie Ventura.
Source: YAHOO
Reported 7 months ago
The Los Angeles Chargers have signed former Chicago Bears offensive lineman Alex Leatherwood, who was claimed by the Bears during the 2022 season but only played in four games with limited snaps. Leatherwood, a former first-round draft pick, was waived by the Raiders after starting all 17 games in his rookie season. Now, he aims to find a place with the Chargers under new head coach Jim Harbaugh, as the team also drafted Notre Dame tackle Joe Alt. Leatherwood did not play during the 2023 NFL season.
Source: YAHOO
Reported 7 months ago
Rookie pitcher Paul Skenes continued his impressive start in the MLB by striking out nine Detroit Tigers batters in the Pittsburgh Pirates' 10-2 victory. Skenes showcased a powerful fastball and splitter, accumulating a total of 30 strikeouts in four games. Despite his standout performance, the Pirates are currently fourth in the NL Central, while the Tigers are 10 games behind the AL Central leaders.
Source: YAHOO
Reported 7 months ago
The Philadelphia Phillies concluded their road trip with a 6-1 victory against the San Francisco Giants, where tensions rose in the fourth inning after pitcher Kyle Harrison narrowly missed hitting Bryce Harper twice. Despite the drama, the Phillies avoided a sweep and improved to a 39-18 record, with impressive performances from Kyle Schwarber and Nick Castellanos. Cristopher Sanchez pitched an outstanding game over six scoreless innings, showcasing his potential as a major-league starter. The team returns home for a six-game homestand with a renewed sense of momentum and excitement.
Source: YAHOO
Reported 7 months ago
Host Josh Lipton on Asking for a Trend discusses market dynamics, luxury watches, and trending tickers featuring financial educator Kyla Scanlon and Yahoo Finance's Jared Blickre analyzing Dow and Nasdaq trends, including C3 AI and Okta's revenue beats. Additionally, Watches of Switzerland Group CEO Brian Duffy joins to explore the growth of the luxury watch market. The US market is described as underdeveloped in this domain and Rolex's significant role is highlighted, alongside insights into the certified pre-owned (CPO) market's success and the evolving demographics of luxury watch customers, including a shift towards younger audiences.
Source: YAHOO
Reported 7 months ago
Asian stocks are expected to decline on Thursday as US bond yields and shares dropped following a weak sale of Treasuries. Futures for equity benchmarks in Sydney, Tokyo, and Hong Kong indicate markets will open lower, with US shares also slipping after Salesforce Inc.’s shares fell in extended trading and US Treasuries saw tepid demand in a seven-year securities sale. Concerns about rising yields amidst a high US deficit and the Federal Reserve's cautious stance on rate cuts are impacting market sentiment. Other key events this week include Eurozone economic data, US initial jobless claims and GDP, and Chinese business surveys.
Source: YAHOO
Reported 7 months ago
Walmart reported a technical issue in mid-March that caused overcharging of customers at some U.S. stores, with a glitch on March 19 affecting price data flow to self-checkout kiosks at 1,600 stores and lasting for days, resulting in overcharging on items like food and clothes. The company is prioritizing refunds for affected customers and did not address questions on the extent of products impacted or the total overcharged amount. This incident follows a $45 million settlement in January for overcharging allegations and other technical glitches earlier in the year. Walmart has been investing in store upgrades and technology improvements, including more self-checkout options, but has faced challenges with system outages.
Source: YAHOO
Reported 7 months ago
The article discusses key events to watch for on May 30, 2024, including earnings reports from retailers like Costco, Dollar General, and Kohl's, which will offer insights into the consumer and retail sector's health. Additionally, Fed commentary from New York Fed President John Williams and Dallas Fed President Lorie Logan will hint at potential future rate cuts, and the first revision of the first quarter GDP figures will provide updated economic performance assessments. Executives like C3.ai CEO Tom Siebel and Gap CEO Richard Dixon will also share insights on Yahoo Finance.
Source: YAHOO
Reported 7 months ago
The US luxury watch market is experiencing strong growth, with Watches of Switzerland Group CEO Brian Duffy noting that demand for luxury watches continues to surpass supply. Despite the market being underdeveloped in the US compared to other countries, Duffy states that the US market has exceeded expectations since the company entered it in 2016. The average customer base is evolving, with a male-oriented demographic showing an increasing interest among women and younger individuals in embracing luxury watches. Rolex, being half of Watches of Switzerland's business, remains a cornerstone brand in the market with high demand and a successful Certified Pre-Owned (CPO) market.
Source: YAHOO
Reported 7 months ago
During the 49ers' organized team activities, wide receiver Jauan Jennings and rookie receiver Ricky Pearsall are developing chemistry with quarterback Brock Purdy, with Pearsall impressing as a quick study and Jennings signing a new contract. Other observations from the practice included running backs Elijah Mitchell and Jordan Mason stepping up in place of Christian McCaffrey, rookie cornerback Renardo Green making a notable play, and various interceptions and catches by different players, ultimately showcasing the team's progress in preparation for the upcoming season.
Source: YAHOO
Reported 7 months ago
After interim coach Brian Keefe helped galvanize the Washington Wizards, turning around their competitiveness midseason, the franchise's front office decided to appoint him as the new head coach by removing the interim tag. Keefe, despite a modest 8-31 record as interim coach, is praised for his ability to connect with players and develop talent. The Wizards, currently in a rebuilding phase with a young roster and upcoming high draft pick, are looking towards Keefe to lead their rebuilding efforts for long-term success.
Source: YAHOO
Reported 7 months ago
As Ben Platt prepares to release his third studio album 'Honeymind,' and kicks off a series of concerts at Broadway's Palace Theatre, he discusses the personal and creative process behind his music. Inspired by his relationship with his fiancée, his collaborators in Nashville, and his favorite artists like Beyoncé and Taylor Swift, Platt also shares insights on the filming of his music video, upcoming projects including a film with Richard Linklater, and his appreciation for pop music. He plans to tour the U.S. and Canada to promote 'Honeymind' with support from Brandy Clark.
Source: YAHOO
Reported 7 months ago
Source: INVESTORS