Reported 8 months ago
The 2024 Indianapolis 500, featuring eight former winners and Kyle Larson attempting to run both the Indy 500 and Coca-Cola 600 in the same day, has had its start delayed due to severe thunderstorms. Larson is set to start the Indy 500 in fifth and the 600 from the rear. Team Penske, with a front-row sweep in qualifying, aims for their 20th Indy win, while Chevrolet-powered cars dominate the field. Former winners like Power, Newgarden, Rossi, and Sato are also in contention, with Castroneves vying for a record fifth win.
Source: YAHOO
Reported 8 months ago
The article from NBC Sports Boston warns the Boston Celtics not to get complacent after their rousing Game 1 win, as history has shown that momentum can quickly shift in the NBA playoffs. Despite their impressive victories in the past, the Celtics have often struggled to maintain consistency and have let opportunities slip away. The article emphasizes the importance of not underestimating their opponents, highlighting previous instances where the Celtics have faltered after appearing to have the upper hand. While Boston may be favored to win against the Indiana Pacers, it is cautioned that victory is never guaranteed in the playoffs.
Source: YAHOO
Reported 8 months ago
Babe Ruth's jersey from the legendary 'Called Shot' home run in the 1932 World Series against the Chicago Cubs is set to hit the auction block this summer. The jersey has been photo-matched to images from Game 3 of the series and is expected to become the most expensive sports collectible ever auctioned, potentially surpassing the $12.6 million record set by a Mickey Mantle Topps baseball card in 2022. Ruth's iconic home run moment remains one of the most famous in baseball history, and the jersey's auction is part of Heritage Auctions' "Summer Platinum Night Sports Auction" scheduled for August 23-25.
Source: YAHOO
Reported 8 months ago
Operation HOPE CEO John Hope Bryant shares insights on building wealth in a high inflationary environment, emphasizing the importance of financial literacy and practical money tips. Bryant recommends addressing financial challenges head-on, boosting credit scores, tracking expenses, and curbing unnecessary spending to foster financial stability and growth. He also highlights the significance of open conversations about finances.
Source: YAHOO
Reported 8 months ago
Operation HOPE CEO John Hope Bryant discusses the importance of "relationship capital" for new college graduates entering the workforce, advising them to prioritize building connections, expanding networks, and seizing opportunities in the office. Bryant stresses that success in the professional world is heavily reliant on relationships and suggests that grads focus on improving their financial literacy to manage debt and start saving for the future. He also encourages grads to actively seek out opportunities in the office rather than opting for remote work to establish strong connections and increase their chances of career advancement.
Source: YAHOO
Reported 8 months ago
The article discusses the significance of Nvidia and its technology in the markets and for investors. Nvidia's upcoming earnings report is highly anticipated by Wall Street, as the chip-making giant has played a key role in driving the tech sector and the S&P 500 with its stock price climbing over 91% year-to-date. Nvidia is a leader in producing advanced chips, particularly graphics processing units (GPUs) used in artificial intelligence (AI) applications, making it a bellwether for AI demand. The company generates a significant portion of its revenue from data centers, which are crucial for supporting AI technologies. The market is eagerly awaiting Nvidia's earnings report to see how it will impact investor sentiment and market trends.
Source: YAHOO
Reported 8 months ago
The article from Yahoo Finance discusses various topics, including the anticipation around Nvidia's first-quarter earnings, Target's miss in its first-quarter results compared to Walmart's performance, and Pixar Animation Studios laying off 14% of its workforce as part of Disney's cost-cutting measures. Nvidia's earnings are eagerly awaited, Target is facing challenges with consumer spending due to inflation, and Disney may focus more on feature films rather than streaming content. Analysts believe that both Target and Walmart are well-positioned in the long term, with Target's stock being seen as a good buying opportunity despite the short-term dip. Additionally, the article mentions the impact of inflation on consumers and the strategic shifts in the retail sector.
Source: YAHOO
Reported 8 months ago
Melinda French Gates, a prominent philanthropist and co-founder of the Bill & Melinda Gates Foundation, has directed $77.6 billion in grants since 2000. Despite resigning from the foundation, she continues her philanthropic efforts through Pivotal Ventures, focusing on investing in women-led funds to challenge the venture capital industry and generate profits. Her sectors of interest include politics, technology, finance, and storytelling, with a focus on partnering with individuals who are willing to lead with new ideas and collaborate with others. French Gates' work and vision were discussed with Yahoo Finance's Brian Sozzi in mid-March.
Source: YAHOO
Reported 8 months ago
The Hong Kong regulator has directed Worldcoin to cease all operations in the country due to privacy concerns. The Office of the Privacy Commissioner for Personal Data stated that Worldcoin should stop scanning and collecting iris and face images of the public using its devices, describing the data collection as unnecessary and excessive. Worldcoin, which offers free cryptocurrency in exchange for iris scans, has faced criticism over its handling of personal data, with over 5 million people in 160 countries having signed up for the service. Despite the regulator's actions, Worldcoin maintains that it operates lawfully and is compliant with data protection laws.
Source: YAHOO
Reported 8 months ago
Brazilian thrash metal band Nervosa have announced an extensive Fall 2024 North American headlining tour, with support from Lich King and Hatriot starting on August 29th in Milwaukee and concluding on October 13th in Chicago. The tour will include major destinations such as Los Angeles, Las Vegas, Dallas, Brooklyn, and Orlando, with general ticket sales beginning on May 24th through Ticketmaster and StubHub. Nervosa's vocalist and guitarist Prika Amaral expressed excitement for the tour, noting the special show they will bring to fans, referencing their 2023 album "Jailbreak."
Source: YAHOO
Reported 8 months ago
The article discusses the impact of phantom debt on consumer credit, particularly related to "buy now, pay later" (BNPL) plans. US credit card debt is at $1.12 trillion, with 15% of Gen Z consumers maxing out their credit cards. Macy's reported an 8.9% increase in credit card delinquencies, and Splitit CEO Nandan Sheth highlights the issue of "phantom debt" in credit markets due to BNPL plans not being closely monitored by credit agencies. Sheth emphasizes the need for more responsible lending in the BNPL space, especially after the Consumer Financial Protection Bureau announced plans to regulate BNPL like credit cards.
Source: YAHOO
Reported 8 months ago
Apple is challenging a $2 billion antitrust fine imposed by the EU at Europe's second-highest court, following accusations of impeding Spotify and other streaming rivals through restrictions on its App Store. The fine, the EU's first antitrust penalty against Apple, was issued in March, and Apple plans to appeal the decision. The case could potentially go through a lengthy legal process, with a ruling by the General Court in Luxembourg and potential further appeals to the Court of Justice of the European Union.
Source: YAHOO
Reported 8 months ago
A recent Bank of America report highlighted disparities in financial security among American workers, with 47% feeling secure but concerning gaps across race and gender. Operation HOPE CEO John Hope Bryant discussed how women and people of color can achieve financial freedom, noting a shift towards understanding financial health. Bryant emphasized the confusion between making money and building wealth as a key issue, with only 18% of African Americans investing in stocks. He stressed the importance of financial literacy and preparedness for future economic leadership.
Source: YAHOO
Reported 8 months ago
Source: BARRONS
Reported 8 months ago
Kylie Jenner was spotted wearing a stone-gray lounge set from her brand, Khy, featuring a slinky, asymmetric top and high-waisted, flared leggings. Paired with black sandals and a tote bag, Jenner completed the look with a neat bun and natural makeup. The outfit is a teaser for an upcoming release from her fashion brand, which aims to offer creative and high-quality designs at a more accessible price point.
Source: YAHOO
Reported 8 months ago
Democrats have urged the US Department of Justice to investigate major oil companies and their trade groups after a congressional probe found evidence of the industry deceiving the public about climate change for decades. The investigation, initiated by Democrats on the House Committee on Oversight and Accountability, accused companies like Exxon Mobil, Chevron, Shell, BP, the American Petroleum Institute, and US Chamber of Commerce of engaging in deceptive public relations campaigns while internally acknowledging the role of fossil fuels in climate change since the 1960s. Democrats believe there is sufficient evidence to warrant further investigation into potential violations of federal statutes by these entities.
Source: YAHOO
Reported 8 months ago
The Chief Investment Officer, Bill Smead, predicts that the stock market will experience stagnant returns for the next decade due to persistent inflation and increasing US debt levels. Smead warns that the S&P 500 Index could remain flat for 10-15 years, drawing parallels to the 1970s when high inflation resulted in poor stock performance. He anticipates a challenging period for stocks with potential losses similar to past market crashes, attributing the inflationary pressure to elevated public debt levels. Other experts also express concerns about a possible recession by April 2025.
Source: YAHOO
Reported 8 months ago
The article discusses the importance of considering the cost per use when making retail purchases, especially in light of ongoing inflation affecting consumer products. By calculating the cost per use, consumers can prioritize their spending on items that provide more value over time. Yahoo Finance contributor Ross Mac explains how this approach can help consumers make more informed purchasing decisions, particularly during times of economic uncertainty and inflation.
Source: YAHOO
Reported 8 months ago
Stanley has launched a new limited-edition Matcha Cream color for their popular Quencher Tumbler, available on both Stanley.com and Amazon with free delivery. The tumbler is known for its durability and ability to keep drinks cold or hot for hours, with a special lid design that offers convenience and versatility. The soothing green shade is available in various sizes, catering to different preferences, and has received overwhelmingly positive reviews, making it the No. 1 bestselling sports and outdoors item on Amazon.
Source: YAHOO
Reported 8 months ago
Federal officials have initiated the process to transfer FTX founder Sam Bankman-Fried to a new prison against his preference to remain in New York to aid in his appeal preparations, as reported by the Wall Street Journal. Bankman-Fried was recently sentenced to 25 years in prison for embezzling $8 billion from customers of the now-defunct FTX cryptocurrency exchange he established, following a jury's conviction on seven fraud and conspiracy charges related to FTX's 2022 collapse, considered one of the largest financial frauds in U.S. history.
Source: YAHOO
Reported 8 months ago
The article discusses the potential approval of spot ether ETFs by the Securities and Exchange Commission (SEC), following the success of spot bitcoin ETFs earlier this year. VettaFi Investment Strategist Cinthia Murphy highlights the robust demand for bitcoin ETFs and the growing interest in other crypto ETFs like ether. Murphy suggests that investing in spot ETFs is a good way to enter the cryptocurrency market and also recommends gold ETFs for portfolio diversification. Additionally, the article touches on the performance of metals like copper and their potential as investment options.
Source: YAHOO
Reported 8 months ago
Walt Disney Co. has reached an agreement to sell its minority stake in a subscription television broadcaster to Tata Group, allowing Disney to focus on merging its Indian unit with Mukesh Ambani’s media arm. The deal values Tata Play Ltd. at around $1 billion, with Tata Group now holding over 70% stake after acquiring Temasek Holding Pte's shares. Disney's stake sale comes amid significant changes in India's media industry, as Disney previously signed a deal to merge its India unit with Viacom 18 Media Pvt.
Source: YAHOO
Reported 8 months ago
Brazil's Finance Minister Fernando Haddad stated that despite good consumer price readings, the country's monetary policy remains "very restrictive," with inflation running within the central bank's target range. The central bank recently reduced the pace of its easing cycle by lowering Brazil's benchmark interest rate by 25 basis points to 10.5%, after previously making larger cuts. Haddad emphasized the importance of fiscal and monetary policies being aligned to control inflation, as the annual inflation rate in Brazil reached 3.69% in April, within the central bank's target range.
Source: YAHOO
Reported 8 months ago
UK Prime Minister Rishi Sunak has called a surprise general election for July 4, aiming to secure a win for the Conservative Party against the leading opposition Labour Party, led by Keir Starmer. Sunak's decision to call the election early surprised many within his own party, as the Tories have been struggling in the polls. Labour holds a significant lead, and Sunak's attempt to frame the election around economic recovery and stability faces challenges, with voters showing a negative view of him. Starmer's Labour Party is focused on boosting public services and economic growth to win over voters, aiming to translate their poll dominance into a victory in the election.
Source: YAHOO
Reported 8 months ago
Meta Platforms Inc. CEO Mark Zuckerberg has established a new advisory council called the Meta Advisory Group, which will provide guidance on the company's AI and technology advancements. The council includes executives from companies like Stripe, GitHub, and Shopify, and will meet periodically with Meta's management team to offer insights on innovation and growth opportunities in AI. The group's creation aligns with Meta's increased focus on AI development, as the company aims to expand its product offerings in hardware and software.
Source: YAHOO