Reported 7 months ago
Source: BARRONS
Reported 7 months ago
Wall Street's top analyst upgrades include Wells Fargo upgrading DuPont to Overweight with a price target of $103, and Mizuho upgrading NXP Semiconductors to Buy with a price target of $325. Other upgrades mentioned in the article include Gannett, Saia, and Criteo, while downgrades were seen for companies like Cintas, Domo, and EnerSys. Initiations featured Shift4 Payments, Toast, Leonardo, Napco Security, and SoundThinking receiving coverage from Wedbush, Morgan Stanley, Craig-Hallum, and Lake Street.
Source: YAHOO
Reported 7 months ago
The Securities and Exchange Commission has approved the New York Stock Exchange and Nasdaq to list ether exchange-traded funds (ETFs), but money managers still need approval to issue these new ethereum-exposed funds. The SEC has not provided a timeline, and Yahoo Finance's Jennifer Schonberger discusses the next steps and SEC Chair Gary Gensler's recent comments. Approval for the actual funds to begin trading is pending, involving major names like BlackRock and Grayscale. This decision follows the recent approval of a Spot Bitcoin ETF and signals a shift in SEC's approach to exchange-traded products. Ether has seen volatility amid these developments.
Source: YAHOO
Reported 7 months ago
US stocks rebounded on Friday, with the S&P 500 rising 0.7% and the Nasdaq Composite gaining 1.1% to end a volatile week that saw the Dow Jones Industrial Average eke out a victory after its worst day in over a year. Tech stocks led the market higher, with Nvidia's upcoming stock split fueling retail interest. Meanwhile, the White House emphasized the importance of Federal Reserve independence, and Sonos CEO Patrick Spence discussed the negative impact of tariffs. The University of Michigan's consumer sentiment index for May fell to 69.1, marking its lowest level in five months due to inflation and interest rate concerns. CEO compensation has also surged, with companies like Tesla and Amazon splitting their stocks to signal optimism. Paramount secured a multi-year distribution deal with Charter Communications, and Google faced criticism over its AI Overview feature but stated it will not roll it back. Traders are more divided on whether the Fed will cut rates in September, with geopolitical turmoil and inflation cited as key market risks. JPMorgan's investor survey revealed a bullish outlook on stocks, with expectations of a rate cut and uncertainty regarding the US presidential elections.
Source: YAHOO
Reported 7 months ago
In a heartwarming story, a nervous Pit Bull named Rue was calmed by her mom, Mel, who offered her "brave girl blueberries" as a treat to help her overcome her fears. The trick worked like magic, with Rue responding positively to the mention of blueberries. This simple yet effective method showcased how offering rewards and positive associations can help dogs face their fears. Additionally, the article provides tips on how to help scared dogs acclimate to new situations and people, emphasizing the importance of patience and positive reinforcement in helping pets overcome anxieties.
Source: YAHOO
Reported 7 months ago
Lululemon Athletica Inc. is facing a challenging year as concerns grow over its sales performance, with shares dropping 9.5% this week and declining by 41% so far in 2024. The departure of a key executive has exacerbated Wall Street’s worries about the company's outlook, leading to a reorganization of its merchandising and branding teams. Analysts are eagerly awaiting the company's fiscal first-quarter results to assess its strategy for product development and merchandising, with mixed signals from May sales data. Despite these challenges, Lululemon's level of discounting has improved in May, suggesting potential stabilization in the current quarter.
Source: YAHOO
Reported 7 months ago
Richard Bland, taking a break from his LIV Golf commitments, has co-led the Senior PGA Championship in his senior major championship debut with Richard Green after shooting a 7-under 64 in Benton Harbor, Michigan. Bland, who received a one-time exemption from the PGA of America due to his 2021 British Masters win, expressed gratitude for the opportunity to compete in the championship. His precise driving skills and performance on the course were highlighted, with other notable players like defending champion Steve Stricker and Vijay Singh also in the mix at the tournament.
Source: YAHOO
Reported 7 months ago
Ukrainian President Volodymyr Zelenskiy’s efforts to gather global support against Russia's invasion have been challenged by a rival initiative from Brazil and China, as well as the potential absence of President Joe Biden from a Ukraine conference due to scheduling conflicts with a Hollywood fundraiser. Zelenskiy's diplomatic push faces obstacles as Russia continues to make gains on the battlefield, and the participation of key nations like China remains uncertain. The upcoming summit near Lucerne, which aimed to rally support for Ukraine, may struggle to achieve its objectives due to these developments.
Source: YAHOO
Reported 7 months ago
The Consumer Financial Protection Bureau (CFPB) is focusing on credit card rewards programs after a surge in consumer complaints since before the pandemic, with a recent report highlighting common issues like not receiving rewards, rewards devaluation, inability to redeem rewards, and losing rewards access. The CFPB aims to ensure fairness and transparency in the credit card market. To protect credit card rewards, consumers are advised to carefully read card terms, use their points regularly to prevent devaluation, choose the right rewards type, and stay flexible when redeeming points and miles. Regulatory concerns also include interest rates and the categorization of buy now, pay later companies as credit card companies.
Source: YAHOO
Reported 7 months ago
The article discusses three main points: the stock market's performance ahead of Friday's open, the approval of an ether ETF by the Securities and Exchange Commission, and Tesla's reported reduction in production of its Model Y at its Shanghai plant. The stock market is aiming to recover from recent losses, the ETF approval allows for ethereum-exposed products, and Tesla's production cut is linked to concerns about demand in the electric vehicle market. For more information and expert insights, viewers are directed to watch the full episode of Morning Brief on Yahoo Finance.
Source: YAHOO
Reported 7 months ago
NFL reporter Ed Werder and ESPN have parted ways for the second time. Werder announced his departure, and ESPN confirmed it, with his contract set to expire this summer and not be renewed by the network. Known for his coverage of the Cowboys, Werder may seek opportunities elsewhere for the 2024 season, with the possibility of returning to ESPN in the future.
Source: YAHOO
Reported 7 months ago
Federal Reserve Governor Christopher Waller discussed the potential for a key underlying interest rate, known as R-star, to increase in the future after years of decline due to various factors such as strong demand for U.S. government debt and regulatory changes. Waller mentioned that if R-star rises, it could signal a shift to a higher interest rate environment, impacting monetary policy with higher borrowing costs. Despite uncertainties surrounding R-star, some Fed officials have noted it may not heavily influence short-term policy decisions. Waller also highlighted the importance of the U.S. dollar as the world's primary reserve currency but expressed concerns about the sustainability of the current U.S. government borrowing trajectory.
Source: YAHOO
Reported 7 months ago
The 108th running of the Indy 500 will be broadcast on NBC this Sunday, May 26, with a trio of Team Penske stars leading the race. Scott McLaughlin will start first after setting a record-setting pole qualifying average, joined by teammates Will Power and Josef Newgarden. The race will feature other notable drivers like Alexander Rossi and Kyle Larson attempting to race both the Indy 500 and the Coca-Cola 600 on the same day. Full coverage will be available on NBC and Peacock, with various events leading up to the race, such as Carb Day practice and the Pit Stop Competition. Viewers can tune in for pre-race coverage starting at 11 a.m. ET, with Mike Tirico hosting alongside commentators Danica Patrick and Jimmie Johnson.
Source: YAHOO
Reported 7 months ago
Federal Reserve Governor Christopher Waller stated that he still believes the neutral interest rate is relatively low, cautioning that unsustainable fiscal spending could impact this trend. Waller emphasized the importance of monitoring this rate in the future, highlighting that the U.S. is on an unsustainable fiscal path and discussing various factors influencing the neutral rate. Policymakers are observing whether the rate has increased due to the economy's response to higher rates. Waller focused on the U.S. 10-year Treasury yield as a proxy for the neutral rate and outlined trends that may have pushed it down, suggesting that some factors could contribute to an increase in the rate in the future.
Source: YAHOO
Reported 7 months ago
Gas prices are expected to decrease slightly over the Memorial Day weekend as 43.8 million travelers hit the road, with the national average standing at $3.61 per gallon on Friday. Analysts anticipate prices to continue falling due to slipping wholesale gasoline prices influenced by an accumulation of inventory in both crude and gasoline over the last 90 days. Despite the current dip, prices are projected to rise by about $0.10 per gallon over the summer due to decreasing refinery capacity. The Biden administration announced the sale of 1 million barrels of gasoline from the Northeast Gasoline Supply Reserve, with limited impact expected on prices given the US's daily consumption of around 9 million barrels.
Source: YAHOO
Reported 7 months ago
Source: BARRONS
Reported 7 months ago
Sailing at the Paris 2024 Olympics will take place in Marseille, with 10 medal events including skiff, windsurfing, dinghy, multihull, and kiteboarding. The scoring and rules have been updated for gender balance and more excitement, with changes in boat classes and new high-speed events. Great Britain, the most successful nation in Olympic sailing, topped the sailing medal table at the Tokyo Olympics, and along with France and Germany, has qualified a boat in all 10 events at the Paris Games.
Source: YAHOO
Reported 7 months ago
Beyoncé's mother, Tina Knowles, shared on Vogue's The Run Through podcast how Beyoncé advised her daughter Blue Ivy to work harder after facing negative comments following a performance on the Renaissance tour. Blue Ivy's dad, Jay-Z, and Tina were impressed by her dancing on stage, but negative feedback prompted Beyoncé to encourage Blue to use criticism as motivation to improve her skills and deliver an even better performance. This advice led to Blue Ivy growing from the experience, ultimately securing her a spot in the upcoming Disney Lion King prequel, Mufasa, alongside her mother.
Source: YAHOO
Reported 7 months ago
Kelly Rowland recently spoke out about a confrontation with a security guard at the Cannes Film Festival, accusing the guard of racist behavior and hinting at racial profiling. Rowland defended herself, stating that she observed differential treatment compared to others who did not look like her. The incident occurred as she walked the red carpet for the film premiere of "Marcello Mio." Rowland was seen in a heated exchange with the security guard, with a lip reader decoding part of their conversation. A source mentioned that the guards were allegedly being aggressive, and Rowland stood her ground to advocate for herself. This incident follows a previous issue where Rowland reportedly walked off the set of the "Today Show" due to dissatisfaction with her dressing room.
Source: YAHOO
Reported 7 months ago
The Motley Fool article discusses three safe dividend stocks to consider buying during a market correction: Caterpillar (CAT), Procter & Gamble (PG), and Home Depot (HD). Caterpillar, despite its cyclical earnings, has sustainable dividend coverage through various market conditions. Procter & Gamble is highlighted for its resilience during market downturns and 2.4% forward-yielding dividend. Home Depot is positioned for long-term growth, leveraging its strength in the home improvement market. Each stock offers unique qualities that make them attractive during market corrections for income-seeking investors.
Source: YAHOO
Reported 7 months ago
Daniel Radcliffe stated that he and other original "Harry Potter" actors are unlikely to appear in the upcoming Max series, preferring a clean break for the new project. While not confirming if he was approached to star in the series, Radcliffe expressed excitement as an audience member and acknowledged that the show may not need his character to cameo. Additionally, Radcliffe commented on J.K. Rowling's controversial statements, expressing sadness but emphasizing the separation between personal beliefs and professional relationships.
Source: YAHOO
Reported 7 months ago
Fantasy analyst Dalton Del Don highlights the most surprising players in fantasy baseball this season, with Jeremy Peña standing out as a top pick performing well above expectations, while Bo Bichette has struggled to meet his draft potential. Jurickson Profar, Brady Singer, Nick Lodolo, and Luis Gil are also noted for their unexpected success in fantasy baseball, with each player exceeding initial projections and providing significant value to fantasy teams.
Source: YAHOO
Reported 7 months ago
This Memorial Day weekend is expected to be busier than recent years, with an estimated 43.8 million people traveling at least 50 miles through Monday. AAA projects it to be the busiest Memorial Day weekend in 20 years, with up to 3 million people passing through airport checkpoints on Friday alone. Travelers are advised to plan for traffic and check local gas prices, with different weather forecasts across regions from sunny skies in the West to rain and severe weather from Texas to New York. Various news highlights include Calif. Governor Newsom signing a bill allowing Arizona doctors to provide abortions in California, the Justice Department filing an antitrust lawsuit against Live Nation, the Senate voting down a bipartisan border bill, and a pending World Court ruling on Israel's Rafah offensive. Additionally, Lenny Kravitz's new album is out, the film "Furiosa" is in theaters, and playoff games are scheduled in the NHL and NBA.
Source: YAHOO
Reported 7 months ago
Philadelphia Eagles' defensive back Darius Slay expressed his positive views on new defensive coordinator Vic Fangio, contrary to criticism from Dolphins safety Jevon Holland towards Fangio. Slay praised Fangio as a great dude and highlighted the positive feedback he has received from other players who have worked under Fangio's coaching style. Slay emphasized the importance of supporting their defensive coordinator to achieve success, as the Eagles aim for defensive improvement in the upcoming season after a challenging defensive performance in 2023.
Source: YAHOO
Reported 7 months ago
Indianapolis is buzzing with excitement as the city prepares to host the NBA's Eastern Conference finals with the Pacers facing the Boston Celtics, the Indy 500, and the absence of the Indiana Fever. The city's long history of hosting major sporting events, brought in by the Indianapolis Sports Corp, has transformed it into a hub of sports and entertainment. This weekend, which includes the Indy 500 and the NBA playoffs, highlights the city's local sports culture and traditions, making it a unique and thrilling experience for residents and visitors alike.
Source: YAHOO