Reported 8 months ago
Two shipping companies, Prive Overseas Marine LLC and Prive Shipping Denizcilik Ticaret, agreed to pay a $2 million fine after pleading guilty to federal charges for dumping oil in the Atlantic Ocean from the tanker PS Dream while en route to New Orleans. The companies admitted to conspiracy and obstruction of justice related to false entries in the oil record log book. Crew members were found to have discharged oil-contaminated waste into federal waters, supported by evidence from whistleblowers and videos showing the illegal dumping. The ship's master is also facing charges in a related case.
Source: YAHOO
Reported 8 months ago
The article discusses the recent earnings reports of Target and Walmart. Target's first-quarter earnings missed Wall Street estimates, with a 3% loss in comparable sales and a 1.9% drop in US traffic year-over-year. In contrast, Walmart reported an increase in comparable sales and US traffic by 3.8% year-over-year. This comparison reveals that consumers are favoring Walmart for value deals, as indicated by Walmart's success in attracting foot traffic and e-commerce sales growth. Target is also adapting by focusing on value and convenience in response to consumer preferences.
Source: YAHOO
Reported 8 months ago
In the aftermath of the Golden State Warriors' disappointing 2023-24 NBA season, coach Steve Kerr and his staff are focusing on improving the team's defense, recognizing it as a critical area for enhancement. The team struggled defensively, particularly when key player Draymond Green was unavailable, leading to a defensive rating that was significantly below par. Kerr and the Warriors management are prioritizing improvements in their point-of-attack defense and considering adjustments in offensive rebounding strategies to enhance transition defense. Despite having star player Stephen Curry, the team acknowledges the importance of a strong defense in today's high-scoring NBA landscape.
Source: YAHOO
Reported 8 months ago
Chinese online retailer PDD Holdings Inc reported a 131% year-on-year revenue growth to $12.02 billion in the fiscal first quarter of 2024, surpassing analyst estimates. Their adjusted earnings per ADS also increased, beating consensus estimates. Revenues from online marketing services and other sources rose by 56%, while transaction services saw a 327% increase in revenues. The company's adjusted operating profit surged by 237%, and they held $33.5 billion in cash and equivalents as of March 31, 2024. PDD's stock has gained 131% in the last 12 months, and investors can access it through ETFs like ProShares Online Retail ETF and Invesco China Technology ETF.
Source: YAHOO
Reported 8 months ago
China's Chamber of Commerce to the European Union has indicated a potential increase in tariffs on imported large-engine vehicles to a maximum of 25%, in response to the Biden administration's announcement of tariffs on Chinese electric vehicles and other imports. This move is seen as a possible tit-for-tat escalation in trade tensions between the two nations, with implications for global vehicle imports, particularly affecting German carmakers like BMW and Mercedes.
Source: YAHOO
Reported 8 months ago
Former retail executive Jerry Storch suggests that a consumer slowdown has been masked by inflation, with consumers prioritizing essential expenses due to feeling they are spending more and getting less. He points out that Target's focus on discretionary products is causing disappointing results, despite efforts to lower prices on 5,000 items. Storch doubts the effectiveness of this strategy due to Target's lack of strength in providing value compared to other retailers like Walmart.
Source: YAHOO
Reported 8 months ago
British Olympic swimming champion David Wilkie has passed away at the age of 70 after battling cancer. Wilkie, born in Sri Lanka to Scottish parents, achieved great success in swimming, winning gold in the 200m breaststroke at the 1976 Olympics in Montreal, along with two Olympic silver medals and three world titles. He retired at the age of 22 after an impressive career that included breaking world records and being recognized with awards such as an MBE and British Sports Personality of the Year in 1975.
Source: YAHOO
Reported 8 months ago
The article discusses the comparison of various S&P 500 Exchange-Traded Funds (ETFs), highlighting the Vanguard S&P 500 ETF as a top contender due to its low cost and superior expense ratio, favored by cost-conscious investors. The Vanguard ETF aims to mirror the S&P 500's performance and is endorsed by Warren Buffett. Despite alternatives like the SPDR S&P 500 ETF Trust and iShares Core S&P 500 ETF, the Vanguard ETF stands out for its cost-effectiveness, performance alignment with the S&P 500, and options trading capabilities. Overall, the Vanguard ETF is recommended for investors seeking a cost-effective and reliable way to invest in the S&P 500.
Source: YAHOO
Reported 8 months ago
Mountain biking will be featured at the Paris 2024 Olympics, with events taking place at Elancourt Hill, the highest point in the Paris region. The competition will include men's and women's cross-country races on July 28 and 29, respectively. Switzerland holds the most Olympic mountain biking medals with 10, while France has won the most golds with four. Defending champion Tom Pidcock from Team GB made history as the youngest rider to win the Olympic title in Tokyo 2020. The sport's rugged terrain challenges riders' skills and endurance.
Source: YAHOO
Reported 8 months ago
Jrue Holiday showcased his defensive prowess in the Boston Celtics' victory over the Indiana Pacers in Game 1 of the Eastern Conference Finals, shutting down Tyrese Haliburton and earning praise as the best defender in the NBA. Despite Haliburton's solid performance, Holiday's lockdown defense limited his effectiveness, leading to a compelling defensive matchup. Holiday's defensive impact, along with contributions from other quality defenders like Derrick White, Jayson Tatum, and Jaylen Brown, will be crucial for the Celtics to contain the Pacers' balanced offense and secure success in the series.
Source: YAHOO
Reported 8 months ago
CSX is set to fully resume coal export operations at the Port of Baltimore this week after clearing a deep channel obstruction, according to the railroad's CEO. The first large ship is scheduled to be loaded at the Curtis Bay coal terminal on Saturday, marking a return to normal coal operations following a period of loading on smaller ships due to the obstruction. Baltimore accounted for 28% of coal exports in 2023, and the resumption of operations comes after a recent incident involving a container ship that caused a bridge collapse. The U.S. Energy Information Administration revised its 2024 coal export forecast upwards based on the progress in resuming trade via Baltimore.
Source: YAHOO
Reported 8 months ago
Barclays strategist Venu Krishna discusses the challenges that big tech companies like Amazon, Apple, Alphabet, Nvidia, Meta, Microsoft, and Tesla may face in terms of earnings surprises as optimism becomes baked into analysts' estimates, potentially making it more challenging for these market drivers to continue surprising and raising expectations. As Nvidia gears up to report its latest earnings, its performance will be closely watched to gauge the broader market's direction, with attention also on key economic indicators like the CPI and non-farm payrolls. The market's sensitivity to CPI prints is noted to be at a 25-year high, with a focus on how equity markets may react to changes in the rates market. Additionally, the market is looking for signs of broadening beyond big tech to gain confidence in future market performance.
Source: YAHOO
Reported 8 months ago
The article discusses how US lawmakers and presidential candidates are positioning themselves around digital assets ahead of the 2024 election, with Skybridge Capital Founder Anthony Scaramucci suggesting that President Trump's pro-crypto stance may influence President Biden to lean towards supporting cryptocurrencies as well. Scaramucci highlights the growing number of crypto owners in the US and the potential electoral implications of being anti-crypto. He also mentions optimism surrounding the SEC's potential approval of an Ethereum ETF and the changing narrative towards crypto regulation in Washington.
Source: YAHOO
Reported 8 months ago
The article discusses the Yahoo Sports Fantasy Baseball Trade Analyzer, focusing on whether it's time to sell high on Elly De La Cruz for a significant return. The author emphasizes the importance of making offers in fantasy trades and provides insights on players to buy low (Francisco Lindor, Pablo López), sell low (Cedric Mullins), sell high (Elly De La Cruz), and buy high (Teoscar Hernández). The analysis suggests considering trading De La Cruz for a superstar with a more balanced profile due to his recent performance dip, while highlighting Hernández as a valuable player to acquire for his consistent contributions across categories.
Source: YAHOO
Reported 8 months ago
A new portrait of Kate Middleton for the cover of Tatler magazine by artist Hannah Uzor has received widespread criticism for its depiction of the Princess of Wales, with art critics and social media users expressing negative reactions to the painting. The image, showing Kate in a white evening dress, has been described as "bad" and "awful," with some comparing it to Queen Mary of Denmark instead. Despite Uzor's attempt to capture Kate's strength and joy of motherhood, the portrait has been met with harsh feedback.
Source: YAHOO
Reported 8 months ago
Jelly Roll's wife Bunnie Xo shared a humorous video on TikTok of their 16-year-old daughter Bailee getting caught sneaking out of the house in the middle of the night, captured on security camera footage. Despite attempting to run away, security sent them back home, leading to a funny moment. Earlier, Bailee received her first car as a birthday gift, and she was also brought on stage by Jelly Roll at a festival to celebrate her 16th birthday.
Source: YAHOO
Reported 8 months ago
Angelina Jolie's former bodyguard alleges in legal documents related to her custody battle with Brad Pitt that she encouraged their children to avoid spending time with him during custody visits, possibly turning them against him. The bodyguard also claims that Angelina tried to silence employees who might testify against her in court. Previous court documents have hinted at Angelina's control over the children, with a judge scolding her for not helping repair their relationship with Brad. Brad denies all accusations of abuse, while the children seem to have taken Angelina's side. The bodyguards have intimate knowledge of the situation and may testify in court, potentially revealing details about the couple's toxic marriage and its impact on the children.
Source: YAHOO
Reported 8 months ago
Existing-home sales in April declined by 1.9% to a seasonally adjusted annual rate of 4.14 million, with a 1.9% year-over-year decrease, according to the National Association of Realtors. The median sale price for existing homes rose to $407,600, a 5.7% increase from the previous year. Despite rising mortgage rates, housing inventory has been increasing, with unsold inventory reaching 1.21 million units and a 3.5-month supply at the current sales pace. Single-family housing starts decreased in April, with homebuilder confidence also dropping due to high mortgage rates and new regulations affecting construction costs. The housing market's strongest segments have been upper-end and luxury properties, while moderate-income and first-time buyers are likely to wait for lower rates.
Source: YAHOO
Reported 8 months ago
Salma Hayek credits her ageless skin to the Tepezcohuite ingredient found in the Del Indio Papago Night Cream, which is currently on sale for $10 on Amazon. The cream, known for its skin-regenerating properties, has received rave reviews from over 4,000 Amazon shoppers who praise its effectiveness in improving skin tone, texture, and hydration. Some users note a natural scent and application challenges but highlight the cream's overall benefits, making it a popular choice for those seeking a youthful glow.
Source: YAHOO
Reported 8 months ago
Salma Hayek credits her ageless skin to an ingredient called Tepezcohuite found in the Del Indio Papago Night Cream, currently on sale for $10 on Amazon. The cream is praised for its skin-regenerating properties and has received glowing reviews from over 4,000 Amazon shoppers. Reviewers note improvements in skin tone, texture, hydration, and reduction in fine lines, with some mentioning a natural scent and thick texture as minor cons. Other Tepezcohuite-containing products are also recommended, including a daytime cream and a serum.
Source: YAHOO
Reported 8 months ago
Despite a heartbreaking Game 1 loss to the Boston Celtics in the Eastern Conference Finals, Indiana Pacers' star Tyrese Haliburton remains confident, believing his team can compete and win against the heavily-favored Celtics. Despite committing numerous mistakes, the Pacers matched the Celtics blow-for-blow, and Haliburton is optimistic that they can bounce back in Game 2 by learning from their errors and improving their performance. The Celtics, who are now aware of the Pacers' offensive prowess, will need to bring their best game to counter Indiana's determination on the court.
Source: YAHOO
Reported 8 months ago
Real estate mogul Grant Cardone has pointed out the widening gap between U.S. wage increases and rising rental costs under the Biden administration, attributing it to current federal economic policies. Despite the construction of 1.2 million new apartments since 2020, rental prices have surged by 30% between 2019 and 2023, outpacing the 20% growth in wages during the same period. This disparity, coupled with high interest rates, is making homeownership increasingly unattainable for many Americans, pushing the country towards becoming a 'nation of renters' rather than homeowners.
Source: YAHOO
Reported 8 months ago
EU antitrust regulators are assessing potential market power expansion by the European Energy Exchange (EEX) through bundled products as it acquires Nasdaq's European power trading business. The European Commission sent a questionnaire to competitors and customers, focusing on conglomerate effects and the potential for the merged entity to use its strong position to dominate similar markets. Concerns include price hikes and barriers for competitors, while EEX and Nasdaq have defended the deal's competition impact.
Source: YAHOO
Reported 8 months ago
Source: NBCSPORTS
Reported 8 months ago
A lawsuit alleges that Charlotte Hornets guard LaMelo Ball drove over an 11-year-old boy's foot, breaking it, while the boy was seeking an autograph outside a game in October 2023. The lawsuit, filed in North Carolina, claims Ball did not yield to the pedestrian or brake in time to avoid the accident. The boy's injuries required several months to heal, and damages exceeding $25,000 are sought. The lawsuit also targets the Hornets for inadequate security measures. Despite the legal issue, Ball, a rising NBA star, has not commented on the situation.
Source: YAHOO