Reported 7 months ago
JPMorgan's Marko Kolanovic is maintaining his bearish forecast of a 20% market sell-off, despite record highs in the stock market. Kolanovic believes that with high equity valuations, stocks are not attractive investments at the moment due to factors like interest rates, lower-income consumer weakness, geopolitical uncertainty, and challenges in corporate earnings growth. While others, like Morgan Stanley CIO Mike Wilson, have turned bullish, Kolanovic remains the last bear on Wall Street, sticking to his bearish stance on the S&P 500 falling to 4,200 levels.
Source: YAHOO
Reported 7 months ago
The United States' federal budget has reached a concerning milestone as interest payments on the national debt have now surpassed defense spending, with interest expenses totaling $514 billion in the first seven months of fiscal year 2024. This marks the first time in history that the US will spend more on interest payments than on national defense. The ballooning interest payments are attributed to the increasing annual deficits and rising interest rates, with the government now facing a total federal debt of $34.6 trillion. This unsustainable situation could lead to less money for other government expenditures in the future.
Source: YAHOO
Reported 7 months ago
Comcast has announced a new streaming bundle called StreamSaver, which will combine Peacock's premium tier with Netflix's basic tier and Apple TV+ at a monthly cost of $15, available to Comcast's internet and TV subscribers. This bundle aims to provide a 35% cost savings compared to subscribing to the services individually. The move reflects a trend in the industry where media companies are partnering to increase profitability and compete with tech giants like Amazon and YouTube in the streaming market, as consumers spend an average of $61 per month on four streaming services.
Source: YAHOO
Reported 7 months ago
Kyle Rice supercommutes from Delaware to New York for his job at an EMS software company, with a two-hour commute each way costing $1,510 monthly. Despite the high costs and time commitment, Rice finds it worth it as he earns a six-figure salary in NYC but enjoys lower living costs and suburban life in Delaware. He values the financial benefits and cultural experiences of working in New York City, even though it means sacrificing some family time for the commute.
Source: YAHOO
Reported 7 months ago
Patriots defensive end Keion White reflects on the departure of Bill Belichick as head coach, noting the change in not having Belichick constantly criticizing the players. White expresses appreciation for Belichick's coaching style, indicating he responds well to being held to a high standard. However, he also commends new head coach Jerod Mayo for staying true to himself and creating his own coaching path. White aims to improve his performance to earn more playing time and hopefully avoid being reprimanded by Mayo.
Source: YAHOO
Reported 7 months ago
Featherweight MMA fighter Connor Hitchens, aged 26, has passed away, as confirmed by Cage Warriors, the promotion he was fighting for. Hitchens had a successful amateur career and a 6-2 professional record, with his last fight being a loss in April 2022. The cause of his death has not been disclosed. Both Cage Warriors and the International Mixed Martial Arts Federation expressed their condolences to his family and friends.
Source: YAHOO
Reported 7 months ago
The article discusses an undervalued artificial intelligence stock recommended by The Motley Fool contributor Parkev Tatevosian, CFA, for investment. The stock is argued to be a potential addition to one's portfolio, with a comparison to past stock picks that produced significant returns. The article also mentions the Stock Advisor service's track record and the disclaimer that Parkev Tatevosian has no position in the stock mentioned.
Source: YAHOO
Reported 7 months ago
Marina Allen, a 31-year-old Los Angeles songwriter, is known for her folk and Americana music but had never written love songs until her new album, Eight Pointed Star, set to release on June 7. The album features wistful tales, including some romantic tracks and others exploring themes like friendship and the internet age. Allen's self-awareness and journey towards self-acceptance are central to the album's themes, inspired by her family history, experiences, and storytelling. The album marks a shift towards embracing her true self and finding her authentic voice in music.
Source: YAHOO
Reported 7 months ago
Georgia quarterback Jaden Rashada has filed a lawsuit against Florida head coach Billy Napier and a Gators booster over a dissolved NIL deal that led to his decommitment from the school. Rashada claims he was defrauded by Florida and that Napier promised his father a partial payment of $1 million at the time of signing. The lawsuit is the first known legal action regarding NIL deals in college athletics and comes after Florida became the subject of an NCAA investigation regarding Rashada's recruitment in 2023.
Source: YAHOO
Reported 7 months ago
IBM shares are seeing activity on Tuesday as the company announced plans to make its IBM Granite model series available on the Salesforce Einstein platform later this year, aiming to enhance decision-making for AI CRM use cases. Additionally, IBM is partnering with AWS to bring advanced AI governance capabilities to Amazon SageMaker clients, while also releasing IBM Granite models into open source and launching InstructLab with Red Hat. The tech giant is also collaborating with Adobe on hybrid cloud and AI solutions, with new consulting services expected to become available in the second half of 2024. IBM stock has seen a 33% gain in the past year, and investors can access it through ETFs like TDVI and DOGG.
Source: YAHOO
Reported 7 months ago
Source: INVESTORS
Reported 7 months ago
Source: BARRONS
Reported 7 months ago
Princess Beatrice and Princess Eugenie attended an intimate dinner in London to celebrate the upcoming capsule collection of accessories by Mark Cross and Aerin, with guests including socialites and royals. The event featured a toast by Aerin Lauder and remarks by Princess Beatrice, followed by the unveiling of the collection inspired by archival silhouettes and American heritage sensibility, ranging in price from $920 to $2750. Attendees received monogrammed gifts and fragrances, with the collection becoming available for purchase on May 30.
Source: YAHOO
Reported 7 months ago
The article discusses the biggest questions and predictions for the NBA conference finals matchups between the Celtics and Pacers in the East, and the Timberwolves and Mavericks in the West. Key questions include Boston's psyche and Indiana's defense in the East, as well as Minnesota's defense against Dallas' offense in the West. Predictions lean towards the Celtics winning in 6 games against the Pacers, while the Timberwolves are favored to win in 6 or 7 games against the Mavericks due to their defensive prowess and depth.
Source: YAHOO
Reported 7 months ago
Fed Governor Chris Waller stated that he would need to observe several more months of favorable inflation data before considering cutting interest rates. Waller emphasized the need for significant progress in inflation and a lack of labor market weakening before supporting a change in monetary policy. He graded the recent April inflation data as a "C+" and highlighted the importance of evidence showing cooling inflation, especially since the core Consumer Price Index rose 3.6% year over year. Waller's cautious stance aligns with other Fed officials who advocate for keeping rates steady for an extended period to address inflation concerns.
Source: YAHOO
Reported 7 months ago
The New York Knicks' top priorities for the 2024 NBA offseason include locking in their core players like OG Anunoby and Isaiah Hartenstein, potentially trading for a top-20 player like Donovan Mitchell or Devin Booker to elevate their championship aspirations, and deepening their rotation through the NBA Draft and free agency to build on their successful season and compete for a title in the upcoming season.
Source: YAHOO
Reported 7 months ago
Democratic U.S. Reps. Ritchie Torres and Mark Takano from Equality PAC are leading a campaign to double the number of LGBTQ+ members in Congress through formidable fundraising efforts, having already raised $12 million. The PAC supports LGBTQ+ candidates nationwide, making crucial impacts like helping Julie Johnson in Texas and Evan Low in California, and endorsing historic candidate Sarah McBride in Delaware. The goal is to ensure LGBTQ+ voices are authentically represented and to pass the Equality Act, emphasizing the importance of diverse congressional representation for the American people.
Source: YAHOO
Reported 7 months ago
Source: INVESTORS
Reported 7 months ago
Monaco's midfielder Mohamed Camara has faced criticism after covering up anti-homophobia logos on his shirt during a match against Nantes. All Ligue 1 clubs had been wearing the campaign logo as part of an initiative by the Ligue de Football Professionnel (LFP). France's sports minister called for strong sanctions against Camara and Monaco, with the LFP investigating the incident. Monaco's coach stated that the club supports the initiative and will address the situation internally with Camara.
Source: YAHOO
Reported 7 months ago
Charles Schwab's Chief Investment Strategist, Liz Ann Sonders, discusses the impact of bullish AI sentiment on the market and Nvidia's upcoming earnings report. She highlights Nvidia as a significant player in the AI boom and the best performer within the "Magnificent Seven" tech companies. Sonders emphasizes the importance of market participation beyond large-cap tech names, noting dispersion within the Magnificent Seven and potential for smaller speculators to drive leadership. She also points out sectors outperforming (financials, materials, energy) and underperforming (real estate, consumer discretionary) in the current market. Regarding Federal Reserve rate cut speculation, Sonders calls it a "parlor game" and stresses data dependency for any rate decisions, advocating for patience.
Source: YAHOO
Reported 7 months ago
Opening a joint bank account as an unmarried couple can make sharing financial decisions easier and increase relationship satisfaction, especially for couples with shared expenses. However, only about 40% of couples fully merge their finances, as differing spending habits or money problems can lead to financial issues. Joint accounts are available for both married and unmarried couples, allowing shared access to funds but also exposing partners to new financial risks like unauthorized transactions or misuse of funds. Consider alternatives like linked accounts or shared money management apps, and discuss financial responsibilities, breakup scenarios, budgeting, and regular money discussions before opening a joint account.
Source: YAHOO
Reported 7 months ago
The article discusses Snowflake, an Artificial Intelligence (AI) stock that has recently dropped 30% from its 2024 highs. Despite this decline, the author suggests that now is a good time to consider investing in the company. Snowflake's business model revolves around the data cloud, which is crucial for AI development, making it a key player in the industry's growth. While there were concerns over changes in leadership and weaker revenue guidance, the author believes that the long-term prospects for Snowflake remain strong. The company is set to announce its Q1 results, and the author anticipates a positive reaction from investors, potentially leading to a surge in the stock price.
Source: YAHOO
Reported 7 months ago
Source: BARRONS
Reported 7 months ago
Source: BARRONS