Reported about 1 year ago
France and Italy are among seven European Union countries that will be reprimanded by the European Commission for exceeding deficit limits last year. This infringement procedure will address their deficits, with Spain and three other nations not included in the list. Italy and Poland expected reprimands for breaching EU debt and budget deficit rules, which were temporarily eased during the pandemic and energy crisis. This announcement poses challenges for France, coinciding with Macron's call for snap elections, potentially impacting economic and fiscal legislation passage.
Source: YAHOO
Reported about 1 year ago
As markets close on Wednesday for Juneteenth, economic data will still be released, including June's homebuilder confidence index data expected at 46. On Thursday, there will be the release of May's housing starts and building permits data, providing insights into the housing market. Notable companies like Accenture, Kroger, Darden Restaurants, Winnebago, and Smith & Wesson are scheduled to report earnings, with Kroger expected to announce first-quarter earnings amidst inflation-related challenges.
Source: YAHOO
Reported about 1 year ago
WestJet Airlines' mechanics union has issued a 72-hour strike notice, covering about 681 aircraft maintenance engineers and other employees. The strike is scheduled to start by 9 p.m. ET on Thursday, with no work to be conducted by bargaining unit employees if a strike occurs. WestJet has requested the Canadian Industrial Relations Board and Minister of Labour to intervene, while the union's announcement follows a new contract ratification by WestJet Encore's pilots. WestJet, owned by Onex Corp, has been working to address employees' demands to narrow the earnings gap with US counterparts.
Source: YAHOO
Reported about 1 year ago
Nvidia's remarkable stock rally, achieving a 591,078% total return since its IPO, has now made it the world's most valuable company. The journey from a debut in 1999 to overcoming challenges, including market collapses and legal issues, led to Nvidia's success. By strategically focusing on cutting-edge chips and accelerating computing, Nvidia's vision and management have propelled its growth, particularly in AI-related technologies. Despite facing uncertainties, the company's ability to adapt and innovate has secured its leading position in the market.
Source: YAHOO
Reported about 1 year ago
At Citigroup's investor day, CEO Jane Fraser highlighted the bank's strategic direction with a focus on its services business, emphasizing that Citigroup is moving away from being the 'financial supermarket of the past' and is actively restructuring and streamlining its operations. Despite causing concern among investors, Fraser's remarks reflect the bank's efforts to revamp and improve its performance, setting ambitious goals for the future and acknowledging the importance of its services business in the global market.
Source: YAHOO
Reported about 1 year ago
During a hearing, outgoing Boeing CEO David Calhoun addressed safety concerns within the company and apologized to families of victims involved in previous incidents. The testimony was marked by intense questioning from senators about safety culture improvements, whistleblower intimidation, and non-conforming parts used on some aircraft. Calhoun faced criticism for the company's handling of past incidents, and his upcoming resignation was also discussed.
Source: YAHOO
Reported about 1 year ago
Gastroenterologist recommends choosing a snack high in plant-based protein and fiber to support gut health, as it helps feed and diversify the good bacteria in the gut. Nuts and nut butter are highlighted as ideal options due to their combination of protein and fiber, while other plant-based protein snack ideas include hummus, vegetables, protein shakes, edamame, and plant-based yogurt.
Source: YAHOO
Reported about 1 year ago
In an interview with Yahoo Finance, Federal Reserve Bank of Boston President Susan M. Collins discusses the possibility of one or two rate cuts in 2024. Collins sees evidence of the economy coming into better balance and expresses optimism in the Fed's ability to reduce inflation and maintain a strong labor market. She emphasizes the need for patience due to the volatility in monthly data and highlights the importance of carefully analyzing a wide range of indicators when assessing inflation trends. Collins suggests that there are scenarios where the Fed may lower rates later in the year and acknowledges the risks of not cutting rates soon enough.
Source: YAHOO
Reported about 1 year ago
Lori Harvey, the model and daughter of Steve Harvey, was recently seen having lunch with Grown-ish star Luka Sabbat in Paris. After a video clip surfaced showing them together, Harvey responded to rumors by stating that she and Sabbat have been friends for years, urging not to start any false narratives about their relationship status. Harvey has previously kept her high-profile relationships private, being linked to celebrities like Michael B. Jordan and Damson Idris in the past.
Source: YAHOO
Reported about 1 year ago
A leading auto analyst, John Murphy from Bank of America Securities, advised legacy U.S. automakers like Ford Motor and General Motors to leave the Chinese market in order to preserve capital amid the costly electric vehicle (EV) transition. This suggestion was made during his presentation of the 'Car Wars' industry report, emphasizing the need for harsh cost-cutting measures to compete with EV manufacturers and international carmakers. The Detroit Three, facing slower EV sales, are urged to aggressively manage their core business and focus on reducing spending, especially in gas-engine operations. The Chinese market has proven challenging for foreign automakers due to strong loyalty to domestic brands and increasing tariffs on Chinese EVs imposed by the U.S. Ford and GM have seen declining sales in China over the past decade, prompting a shift towards transforming their businesses into export hubs.
Source: YAHOO
Reported about 1 year ago
KB Home（KBH）在第二季度業績上取得成功，超出分析師對營收和盈利的預期。這家房屋建築公司的收入為 17.1 億美元，超出了 16.6 億美元的預期。此外，KB Home的調整每股盈利（EPS）為 2.15 美元，超出了預期的 1.80 美元。Yahoo Finance 住房記者 Dani Romero 對 KB Home 的業績結果進行了分析，更多專業見解和最新市場動態，請點擊此處觀看 Market Domination Overtime 的完整集。
Source: YAHOO
Reported about 1 year ago
US Steel Corp. CEO David Burritt expressed strong confidence that Nippon Steel's $14.1 billion takeover deal will go through this year, despite opposition from union leaders and the Biden administration. Nippon Steel agreed to acquire US Steel in December, but challenges from the United Steelworkers and President Biden have raised uncertainty. The deal's closing is US Steel's top priority, with efforts being made to persuade union leaders and authorities of its benefits.
Source: YAHOO
Reported about 1 year ago
The Federal Trade Commission (FTC) has referred a complaint against TikTok and ByteDance to the Department of Justice (DOJ) for potential violations of the Children’s Online Privacy Protection Act and the FTC Act. The FTC began investigating TikTok and ByteDance over concerns about collecting personal information from children under 13 without parental consent. TikTok disputed the allegations, stating it has been cooperating with the FTC for over a year. The investigation stems from a 2019 settlement involving ByteDance's acquisition of Musical.ly. Lawmakers passed a law requiring TikTok's sale due to national security concerns.
Source: YAHOO
Reported about 1 year ago
The rise of far-right parties in Europe, particularly seen with Marine Le Pen's National Rally in France and the AfD in Germany, has sparked concerns about potential Brexit-style crises and gridlock. This shift to the right has implications for geopolitics, US relations, and the upcoming elections in various European countries. The surge of right-wing parties in EU elections indicates a broader trend towards conservatism and challenges for centrist parties across the continent, raising questions about the future direction of Europe and its impact on global dynamics.
Source: YAHOO
Reported about 1 year ago
Super Micro Computer (NASDAQ: SMCI) stock surged by 3.7% in Tuesday's trading session as analyst Erik Woodring from Morgan Stanley provided bullish coverage on the tech company's AI server demand outlook. Despite no specific news, Woodring's positive remarks on Dell's stock influenced the rise, given the connection to Super Micro. The company's stock has soared by around 224% in 2024, driven by the increasing demand for servers supporting artificial intelligence services. Investors should monitor competitive dynamics, such as Nvidia potentially entering the server market, to assess future growth opportunities for Super Micro.
Source: YAHOO
Reported about 1 year ago
Insigneo Chief Investment Officer Ahmed Riesgo believes that despite record highs in the stock market, a recession is likely to hit sooner rather than later. He points to warning signs such as deteriorating labor market conditions and changing consumer behavior, indicating a potential economic downturn in late 2024 or early 2025. Riesgo expects this recession to be mild, with the unemployment rate potentially rising above 4% but not exceeding 6%, suggesting a need for investors to adopt a diversified strategy to navigate potential market turbulence.
Source: YAHOO
Reported about 1 year ago
The Jisulife Portable Neck Fan, currently priced at $26 on Amazon, is being hailed as a 'summer lifesaver' by nurses and camp counselors. With three speeds to choose from, this lightweight fan uses tiny turbine blades to keep you cool and comfortable even in hot weather. It has received over 30,000 positive reviews, with users praising its effectiveness in providing relief from heat, especially during outdoor activities or at work. Some users note minor issues with hair getting in the way or positioning the fan for optimal cooling, but overall, it is highly recommended for staying cool this summer.
Source: YAHOO
Reported about 1 year ago
Guang Zhang expressed dissatisfaction with Sun Anzuo's behavior, stating that if not for his parents supporting him, he would have been locked up in the U.S. Zhang criticized Sun Anzuo for disrespecting his parents and noted that many young people nowadays rely on their parents even in their 20s. On the other hand, Di Ying, Sun Anzuo's mother, was praised for her care and love towards her son, with Zhang showing empathy and concern for her situation. The conflict between Guang Zhang and Sun Anzuo escalated as both parties exchanged criticisms through social media posts.
Source: YAHOO
Reported about 1 year ago
Shares of Trump Media & Technology Group Corp. dropped in late trading following the SEC declaring a regulatory filing effective, allowing holders of the firm's derivatives to swap for shares, potentially diluting long-time investors. The company, mainly owned by former president Donald Trump, experienced a 15% decline to around $26 in late trading, contributing to a 36% decrease this month. The issuance of more shares could add up to $247 million to Trump Media's balance sheet but also increase the trading stock pool, putting downward pressure on the stock price.
Source: YAHOO
Reported about 1 year ago
Discover a variety of flavorful and nutritious shrimp recipes recommended by EatingWell fans, all with at least 4-star ratings. From One-Pot Garlicky Shrimp & Broccoli to Charred Shrimp, Pesto & Quinoa Bowls, these recipes are perfect for any occasion and are quick to make. Whether it's Lemon-Garlic Marinated Shrimp or Coconut Curry Shrimp, these dishes are sure to become favorites on your menu.
Source: YAHOO
Reported about 1 year ago
Lennar's second-quarter earnings report showed revenue of $8.77 billion, exceeding expectations, with adjusted EPS of $3.38 per share beating estimates. However, the company highlighted challenges from the mortgage rate environment. Insights from Yahoo Finance's Dani Romero suggest consumers are feeling distress, sensitive to interest rates, and expecting incentives when buying homes. Lennar cut home prices in Q2, signaling potential future trends. Analysts note mixed demand and affordability issues in the housing market, but remain optimistic about housing market growth amidst potential competition from Fed rate cuts and increased inventory.
Source: YAHOO
Reported about 1 year ago
DoorDash's Chief Marketing Officer, Kofi Amoo-Gottfried, highlights the importance of the 'human element' in DoorDash's business model during The 2024 Cannes Lions International Festival of Creativity. He discusses the company's marketing strategies, innovation, and engagement initiatives, emphasizing the core role of people in activities like deliveries. Amoo-Gottfried stresses that the human touch is vital for the success of DoorDash, making it distinct in the market. Despite advancements, DoorDash sees human involvement as essential for their operations.
Source: YAHOO
Reported about 1 year ago
Qualcomm同意支付7500万美元以解决一起诉讼，股东指控该芯片制造商通过隐藏其垄断性的销售和许可行为欺诈了他们。这项初步的现金和解协议已在周二提交给圣迭戈联邦法院，需要美国加州南区地区法官Jinsook Ohta批准。 Qualcomm和包括前首席执行官保罗·雅各布斯和史蒂文·莫伦科夫在内的六名个人被告否认了有过错，并同意了解决。这家总部位于圣迭戈的公司尚未对请求置评做出回应。股东指控Qualcomm通过反复将其芯片销售和技术许可描述为独立业务（实际上Qualcomm将它们捆绑在一起以扼杀竞争）从而人为提高其股价，该指控的时间跨度为2012年2月至2017年1月。
Source: YAHOO
Reported about 1 year ago
The article discusses how extreme weather events are affecting insurance companies and their strategies to cope with the fallout. With 22 billion-dollar disasters occurring in 2023, insurers are experiencing a hard pricing cycle, leading to increased pricing power and potential for profitability. Investors are advised to choose carefully based on companies' strategies and underwriting history. Certain insurers like Arch Capital (ACGL) are highlighted for having diversified portfolios and less exposure to severe weather, making them attractive investment options in the current market.
Source: YAHOO
Reported about 1 year ago
On Tuesday, the US stock market saw the S&P 500 and Nasdaq hitting record highs as Nvidia overtook Microsoft to become the most valuable public company with a market capitalization of over $3.33 trillion. The S&P 500 closed up about 0.3%, and the Nasdaq Composite marked its seventh consecutive record close. Tech stocks have continued to lead a rally driven by artificial intelligence technologies, while retail sales data showed a modest increase in May amid concerns of high interest rates and inflation. The article also discussed Berkshire Hathaway's increased stake in Occidental Petroleum and Apple discontinuing its buy now, pay later service.
Source: YAHOO