Reported 7 months ago
Medtronic (NYSE: MDT) stock dropped 2.8% despite beating earnings expectations in its fiscal Q4 2024 report. While the company surpassed profit forecasts, the stock fell as sales only grew 0.5% year over year and non-GAAP earnings were down 44% compared to last year. Medtronic's full-year results were more positive, with sales increasing by 4% to $32.4 billion. However, with the company forecasting modest growth for fiscal 2025 in line with expectations, investors may be concerned about the stock's high valuation of 27 times earnings. Consequently, the article suggests that Medtronic stock may currently be overpriced, leading to the slump.
Source: YAHOO
Reported 7 months ago
Source: BARRONS
Reported 7 months ago
Caroline Stanbury, 48, defended her decision to publicly document her November 2023 face lift and recovery on social media, as she believes that being a reality star means sharing everything with fans. Stanbury shared video and photo updates of her recovery, including close-ups of her facial scars healing, to show the reality of the process. She wanted to look like herself but refreshed, and her husband supported her throughout the journey. Stanbury's openness about her face lift journey was influenced by the fact that she is on a reality TV show, and she wanted to avoid any drastic appearance changes between seasons. The Real Housewives of Dubai is set to return in June.
Source: YAHOO
Reported 7 months ago
VF Corporation (VFC) stock fell after reporting a loss in its first-quarter earnings, attributed to their transformation strategy named "Reinvent." The parent company of Vans and The North Face experienced a decline in shares, down 11%, marking its lowest level since 2009. Analysts expressed disappointment in the results, emphasizing the challenges VF Corp faces, particularly in the context of struggling Vans sales. The company's efforts to improve its financial position include cost-cutting measures and layoffs, but analysts believe the turnaround will require time given the current market conditions.
Source: YAHOO
Reported 7 months ago
Boeing's finance chief stated that the company will experience negative free cash flow in 2024 and anticipates no increase in deliveries in the second quarter, attributing this to production difficulties with its aircraft. The announcement caused Boeing's shares to drop by 7.6%. Delays in deliveries, particularly to China, have contributed to the negative cash flow outlook, with production challenges further impacting the company's financial performance. Boeing is facing scrutiny from regulators and the aviation industry following safety incidents, production delays, and potential legal challenges, with cash burn for the second quarter expected to be on par with or slightly worse than the $3.9 billion used in the first quarter.
Source: YAHOO
Reported 7 months ago
TikTok has implemented new rules to restrict the reach of state-affiliated media accounts aiming to influence global audiences, particularly during important election periods. The platform will now prevent these accounts from appearing on users' main feeds and limit their ability to advertise outside their home countries. This decision follows concerns over foreign propaganda spreading on various social media platforms like TikTok, Facebook, Instagram, and X, with TikTok specifically under scrutiny for its ties to China's government. TikTok plans to provide regular updates on its efforts to combat covert influence operations on its platform, having already disrupted 15 such operations in the first four months of the year.
Source: YAHOO
Reported 7 months ago
Boeing's shares declined after the Chief Financial Officer walked back the company's 2024 cash-flow target, stating that they now expect negative full-year cash flow instead of positive as previously projected. This change was due to Boeing halting airplane deliveries to China following requests for additional information from the Chinese aviation regulator related to cockpit voice recorder batteries. The company's stock dropped 7.6% in response to this news, with Boeing facing challenges in recovering from past accidents and addressing production lapses.
Source: YAHOO
Reported 7 months ago
Tesla CEO Elon Musk is once again advocating for a $56 billion pay package that was previously rejected by the Delaware Chancery Court. This move by Musk has sparked a trend among CEOs, with the number of S&P 500 CEOs receiving compensation above $50 million increasing to 36 from 2019 to 2023. Yahoo Finance Legal Reporter Alexis Keenan analyzes the rise in executive compensation packages, highlighting the impact of Musk's actions and the overall trend in CEO pay increases.
Source: YAHOO
Reported 7 months ago
The article discusses the recent rally in the commodity sector, with assets like Gold reaching all-time highs, and its implications for inflation. HSBC Chief Multi-Asset Strategist Max Kettner explains that the commodity rally has not reignited significant inflationary concerns. He attributes the rally to central bank buying and less diversification in assets like bonds due to the Fed's rate hike cycle. Kettner also mentions that while a rise in oil and natural gas prices simultaneously could pose a problem for markets, current energy prices in the US remain relatively low, indicating that hitting the 2% inflation target is not imminent.
Source: YAHOO
Reported 7 months ago
United Airlines is shifting its focus from launching new routes in Europe to expanding its services to Asia and Africa. The airline announced new flights to Tokyo, Cebu, Shanghai, Seoul, and Hong Kong, while expressing interest in expanding to Cape Town due to stable demand throughout the year. Competitors like Delta Air Lines and Norse Atlantic are also targeting Africa with new or returning flights, signaling a growing trend of airlines recognizing the demand for travel to the continent.
Source: YAHOO
Reported 7 months ago
Treasury yields are rising after strong economic data, with Franklin Templeton's Fixed Income Chief Investment Officer predicting the 10-year Treasury yield to stay around 4.5% due to a short, shallow cutting cycle by the Federal Reserve. The market is reacting to a potential hawkish move from the Fed based on the latest economic indicators, with the expectation of higher long-term yields in the future and the importance of fiscal spending in supporting the economy. Retail investor activity in the bond space is seen as a positive sign for the balanced role of fixed income in portfolios.
Source: YAHOO
Reported 7 months ago
Norfolk Southern has agreed to pay a $15 million fine as part of a federal settlement over a disastrous derailment in East Palestine, Ohio, last year. The railroad will also pay over $500 million to improve safety post-crash and address community health concerns, in addition to $235 million in cleanup costs and a $25 million health care fund. While some residents feel the settlement is inadequate given the company's profits, the EPA Administrator considers it historic and a step towards industry improvements. The settlement doesn't include criminal charges, and concerns remain about long-term health effects and rail safety reforms.
Source: YAHOO
Reported 7 months ago
Melinda French Gates, co-founder of the Bill & Melinda Gates Foundation, is stepping down from the foundation to focus on ending gender inequality in the U.S. through her work at Pivotal Ventures LLC, pledging $1 billion to support initiatives empowering women and people of color in politics, technology, finance, and storytelling. French Gates aims to shrink gender gaps by 2030, investing in over 150 organizations to achieve this goal. She emphasizes the importance of diversity in leadership and is committed to creating opportunities for underrepresented groups.
Source: YAHOO
Reported 7 months ago
The article discusses how bird flu is more widespread among dairy cows than reported, as suggested by sewage tests, with a Michigan farmworker being the second person infected since the outbreak in US cattle in March. Wastewater surveillance by academic and industry labs is providing better information to the CDC about the virus's range, urging the need for expanded monitoring, particularly in rural areas near farms. The article highlights the importance of wastewater analysis as an early warning signal for bird flu, with concerns about potential mutations and the risk of spillover to humans.
Source: YAHOO
Reported 7 months ago
The article discusses the Department of Justice's expanded antitrust enforcement targeting Live Nation, as it files a lawsuit seeking the breakup of the entertainment giant. The lawsuit alleges that Live Nation used its Ticketmaster ticketing monopoly to stifle competition, resulting in higher prices and fees. This legal action is part of the Biden administration's broader efforts to address anticompetitive behavior across various industries, following scrutiny of tech giants and other mergers. Analysts believe a DOJ lawsuit against Live Nation could be politically driven and may pose challenges for the company moving forward.
Source: YAHOO
Reported 7 months ago
Sports Illustrated Swimsuit model Brooks Nader debuted a new blonde look at the magazine's 60th anniversary party amid her divorce from husband Billy Haire. The 27-year-old Louisiana native shared the transformation on Instagram Stories, with sources reporting that the split was amicable. Nader, who previously had raven hair, remains positive and resilient as she navigates this new chapter in her life, having achieved success in the modeling world and landing on the cover of the magazine's "Legends" issue.
Source: YAHOO
Reported 7 months ago
Dell Technologies stock has experienced a boost after being added to Evercore ISI's "Tactical Outperform" List, with shares rising over 100% year-to-date in 2024. This increase follows Dell's incorporation of AI offerings into its business strategy, leading to gains of about 6% and generating excitement among analysts for the potential impact of AI products on the company's future growth and revenue.
Source: YAHOO
Reported 7 months ago
Nvidia's stock price has surged by 92% this year, increasing the company's market value by over $1 trillion, with a total market value of nearly $2.6 trillion. The chipmaker's revenue has more than tripled in the latest quarter as demand for its semiconductors used in AI applications continues to rise. Nvidia's market value saw a significant increase of $221 billion in one day following better-than-expected quarterly results. The company plans a 10-for-1 stock split to make its shares more accessible, with Wall Street expecting revenue to reach $117 billion in fiscal 2025.
Source: YAHOO
Reported 7 months ago
The trailer for the documentary "I Am: Celine Dion" chronicles Celine Dion's journey back from a life-altering health crisis caused by Stiff Person Syndrome, a rare neurological disorder that affected her ability to perform and forced her to cancel her 2023 tour. The documentary showcases Dion's resilience and determination as she navigates her health struggles while reflecting on her illustrious career in music. Scheduled to debut on Prime Video on June 25, the film provides an intimate look at Dion's personal and professional life, highlighting her unwavering dedication to her craft despite the challenges she faces.
Source: YAHOO
Reported 7 months ago
Cassie has spoken out following the release of a video showing Sean "Diddy" Combs assaulting her in 2016, expressing gratitude for the support she has received. In her statement, she emphasized the impact of domestic violence on her life and highlighted the importance of believing victims. Despite the statute of limitations preventing prosecution, Cassie filed a civil lawsuit against Combs for rape and abuse, which was settled. Combs has since faced additional lawsuits for sexual assault allegations. Cassie ended her statement by thanking supporters and encouraging belief in victims of domestic violence.
Source: YAHOO
Reported 7 months ago
Andy Benesh and Miles Partain, who began their beach volleyball journey in 2019 with humble backgrounds, clinched the first U.S. men's volleyball spot at the Paris Olympics, ranking fourth globally. Benesh, 29, and Partain, 22, will be the youngest U.S. men's beach team in Olympic history, with Partain becoming the youngest U.S. beach player at the Olympics. Their rapid rise in the sport culminated in defeating top international teams and implementing innovative strategies, showcasing their potential for success at the upcoming Olympics.
Source: YAHOO
Reported 7 months ago
The US S&P Global Composite Purchasing Managers Index for May reached its highest level in two years at 54.4, driven by continued manufacturing growth while the labor market is experiencing some hiring pullbacks. S&P Global Market Intelligence Chief Business Economist Chris Williamson notes that service sector hiring is slowing while manufacturing is picking up, resulting in an overall picture of a job market that is slowing but not collapsing. This balance may impact pay pressures, inflation, and consumer spending, highlighting the need for a delicate economic balance.
Source: YAHOO
Reported 7 months ago
Garcelle Beauvais is proud of her son Jaid's modeling career but doesn't want to be his "momager," aiming to maintain boundaries. She shared her son's progress in the industry with People, expressing her desire for him to figure things out on his own. While proud of her son's achievements, Beauvais emphasized the importance of her own busy schedule and the need for Jaid to get his license for independence. The Real Housewives of Beverly Hills star recently had a heartfelt moment with her twin sons, reflecting on parenting challenges and growth.
Source: YAHOO
Reported 7 months ago
Ben Katzman, a breakout star of Survivor Season 46, gained fame for his rock & roll approach to life. Despite doubts and setbacks in the music industry, Katzman took Nicolas Cage's advice to face his fears, leading him to participate in the reality show. His unique style and personality resonated with fans, propelling him to the final three and earning him a new wave of supporters. Katzman's Survivor experience inspired him to create new music that reflects his inner struggles and emotional journey, connecting him with a community of fellow musicians and fans.
Source: YAHOO
Reported 7 months ago
Julia Louis-Dreyfus discussed her 1987 wedding dress, which was inspired by Princess Diana's iconic gown, on her podcast. Louis-Dreyfus incorporated design elements like poofy sleeves and lace layers into her dress, inspired by the 1981 royal wedding. She also shared that she had a tiny dolphin charm sewn into her gown as a symbol of joy but intentionally doesn't know its exact location, adding to the dress's mystery. The actress highlighted the importance of clothing in conveying the significance of special events and rituals.
Source: YAHOO