Reported 8 months ago
Saudi Arabia is seeking to attract Archer Aviation, an electric flying taxi company, after the company's partnership with the United Arab Emirates. The competition between the two Gulf countries to establish themselves as the top aviation hub in the region is driving substantial investments, benefiting companies like Archer. The potential partnerships with Saudi Arabia could involve projects in Riyadh, Jeddah, and other multi-billion dollar initiatives in the kingdom. Archer Aviation, supported by major companies like Boeing and United Airlines, is developing electric vertical takeoff and landing aircraft for urban air mobility, tapping into the region's wealthy resources for growth. Riyadh's aviation industry is expanding to reduce dependence on oil, with plans for a new airline, airport, and aircraft orders, while Dubai is pursuing similar ambitions. The rapid growth of the eVTOL industry presents opportunities, but only a few startups are expected to survive the competitive landscape.
Source: YAHOO
Reported 8 months ago
The NFL announced that Pittsburgh will host the 2026 NFL Draft, marking the city's first time hosting since 1948. NFL Commissioner Roger Goodell expressed excitement about showcasing Pittsburgh on a global stage, benefitting the local economy and entertaining football fans. The Pittsburgh Steelers, who submitted the hosting application, are looking forward to welcoming fans from across the country. The event aligns with Pennsylvania's celebration of the United States' 250th birthday and will coincide with other major sporting events in the state in 2026.
Source: YAHOO
Reported 8 months ago
Megan Thee Stallion made history as the first independent woman rapper to headline at Madison Square Garden during her Hot Girl Summer Tour stop in New York. Joined by GloRilla, the concert brought summer vibes to the city, with both artists delivering energetic performances to a packed crowd adorned in festive attire. Megan's lyrical prowess, empowering presence, and engaging stage performance solidified her status as a headline act, while GloRilla impressed with her charisma and stage presence despite some technical issues. The concert culminated in a memorable performance of "WAP" featuring Cardi B, showcasing the camaraderie and talent of the female rap stars.
Source: YAHOO
Reported 8 months ago
Kamaru Usman responded to Conor McGregor's recent disrespectful comments towards him, questioning McGregor's lack of respect in the sport despite their similar achievements as former champions. Usman highlighted McGregor's missed opportunities to fight him in the past and advised him to put down the whiskey bottle and focus on being a good role model. McGregor is set to return to the octagon for a welterweight bout against Michael Chandler at UFC 303 on June 29.
Source: YAHOO
Reported 8 months ago
Mohammad Rasoulof, an Iranian filmmaker, will be attending the Cannes premiere of his latest film "The Seed of the Sacred Fig" after fleeing Iran to avoid an eight-year prison sentence imposed on him supposedly for subversive activity against the government. Rasoulof's work has faced government bans in Iran, and he has been previously sentenced to prison and a filmmaking ban for alleged anti-government propaganda. His latest film, which was filmed in secret, will be screened at Cannes despite the challenges he has faced. The Directors Guild of America has expressed support for Rasoulof in his fight for freedom of expression.
Source: YAHOO
Reported 8 months ago
US Secretary of Transportation Pete Buttigieg discusses the upcoming busy summer travel season and advises travelers to be prepared for delays, urging them to know their rights. He highlights improvements such as automatic refunds for canceled flights and mentions the Department of Transportation's investigations into airline schedules. Additionally, Buttigieg addresses the pilot shortage, mentioning increased pay and expanded training programs for pilots, flight attendants, air traffic controllers, and mechanics to meet the surge in air travel demand.
Source: YAHOO
Reported 8 months ago
Netflix and Sonia Friedman Productions released the trailer for the world premiere West End production of "Stranger Things: The First Shadow," extending its London run into 2025 and hinting at a potential Broadway production. The trailer showcases a prequel focused on Henry Creel, played by Louis McCartney, as he begins to realize his telekinetic abilities, setting the stage for his evolution into the villain Vecna in the TV series' fourth season. The play, set in Hawkins in 1959, explores the town's regular worries alongside the mysterious arrival of Henry Creel. Directed by Stephen Daldry and co-directed by Justin Martin, the play has received positive reviews and is scheduled to run until February 16, 2025.
Source: YAHOO
Reported 8 months ago
Cathie Wood, known for her aggressive growth stock strategies, continues to fine-tune her collection of growth stocks by adding to her existing positions in Shopify, Intellia Therapeutics, and Adaptive Biotechnologies. Despite a challenging year in 2024, Wood sees potential opportunities in these stocks, which are trading 16% to 29% lower. Shopify, a top holding, has experienced a stock decline due to decelerating growth despite strong financial results, while Intellia and Adaptive Biotechnologies hold promise in gene-editing therapies. Wood's strategic moves reflect a long-term growth perspective amidst market fluctuations.
Source: YAHOO
Reported 8 months ago
Priyanka Chopra showcased the glamorous side of peplum fashion with two stunning gowns during appearances in Rome. The actress wore a molten-black sequined gown with a draped waist attachment and a white corseted bodice gown with a peplum fit, both accessorized with exquisite jewelry. Chopra also sported a $43 million Serpenti Aeterna necklace at Bulgari's high jewelry collection unveiling. Additionally, she demonstrated a casually chic style while exploring Rome in a jersey maxi dress and blazer.
Source: YAHOO
Reported 8 months ago
Source: INVESTORS
Reported 8 months ago
Anthony Scaramucci, founder of Skybridge Capital, warns about the dangers of electing former President Donald Trump in his new book, "From Wall Street To The White House And Back: The Scaramucci Guide to Unbreakable Resilience." Scaramucci emphasizes that 40 individuals who were part of the administration have spoken out about Trump's unpredictability, irrational decision-making, and dangerous behavior. He highlights Trump's extreme statements and actions, urging voters to consider the potential consequences of his return to the White House. Scaramucci also comments on the current political landscape and the messaging strategies of both the Biden administration and Trump.
Source: YAHOO
Reported 8 months ago
"Grand Tour" is a dreamy and delirious travelogue through East and Southeast Asia by Portuguese director Miguel Gomes, offering an enchanting and era-spanning exploration that may ignite a potent sense of wanderlust-for-life in viewers. The film follows Edward, a British diplomat in 1918, who flees before seeing his fiancé Molly, leading to a whimsical journey through various Asian countries. Gomes interweaves colonial-era and contemporary footage, showcasing the region's spirit and culture while incorporating puppet shows as a recurring motif. Shot in an extraordinary manner due to Covid-era restrictions, "Grand Tour" is a richly complex yet remarkably coherent cinematic experience that captures the essence and beauty of the diverse Asian landscape.
Source: YAHOO
Reported 8 months ago
The article discusses how 12 missed calls by home plate umpire Dan Bellino impacted the San Francisco Giants in their 7-6 loss to the Pittsburgh Pirates. The missed calls, favoring the Pirates by 1.2 runs, included a crucial one in the bottom of the ninth inning when a pitch that should have been called a strike was instead called a ball, leading to a run and contributing to the Giants blowing a four-run lead. Despite acknowledging their own shortcomings, the Giants faced additional challenges due to the missed calls in the one-run loss.
Source: YAHOO
Reported 8 months ago
Bloom Energy stock has been rising for four consecutive days, with a significant surge in value driven by positive Wall Street sentiment. Wells Fargo raised its price target for Bloom stock to $14, citing increasing demand for the company's fuel-cell-powered electricity generators for data centers. Despite recent earnings misses, including a loss of $0.25 per share, analysts are optimistic that Bloom Energy could turn profitable in 2025. However, with the stock currently trading above $17 and analysts valuing it at $14, investors are advised to exercise caution before investing.
Source: YAHOO
Reported 8 months ago
Rite Aid Corp. creditors are requesting its advisers to reduce their fees due to liquidity concerns amidst the pharmacy chain's bankruptcy. The company is working on securing financing for its exit from bankruptcy court, but junior creditors and lenders are questioning its liquidity. Rite Aid has postponed a court hearing to finalize a debt-cutting deal and is facing challenges in paying routine bills, as seen when a supplier demanded $1 million for plastic pots. The company's bankruptcy has incurred high professional fees, putting a strain on its cash flow.
Source: YAHOO
Reported 8 months ago
A new report published in JAMA reveals a significant increase in the use of weight-loss drugs, specifically GLP-1 receptor agonists like Wegovy and Ozempic, among adolescents and young adults aged 12 to 25 in the U.S. The study found that monthly use of these medications surged nearly 600% from 2020 to 2023 in this age group, with over 31,000 children aged 12 to 17 and more than 162,000 individuals aged 18 to 25 using them in 2023 alone. Despite concerns about long-term safety, effectiveness, and accessibility, these drugs are being prescribed more frequently to help combat obesity and related health issues in young people.
Source: YAHOO
Reported 8 months ago
The 48th annual San Francisco International LGBTQ+ Film Festival, Frameline48, will take place from June 19 to 29, featuring a lineup curated from over 1,600 submissions and including a 4K restoration of "Go Fish" for its 30th anniversary. Highlights include a conversation with Lena Waithe, screenings in various theaters across the Bay Area, and diverse premieres from around the world, showcasing a wide range of LGBTQ+ films and stories. Individual tickets are available starting May 22 for Frameline members and May 24 for the general public, with options for a Palace Pass granting access to all public screenings at specific theaters.
Source: YAHOO
Reported 8 months ago
Skybridge Capital Founder Anthony Scaramucci advises holding Nvidia long-term, expressing confidence in the company's growth and evolution. He compares the potential long-term benefits of holding Nvidia to Warren Buffett's long-term bet on America, emphasizing the potential for Nvidia to be a highly rewarding investment over the next decade. Scaramucci believes that despite short-term market impacts, Nvidia's sustained growth and quality make it a valuable long-term investment.
Source: YAHOO
Reported 8 months ago
Frameline has unveiled the full lineup for the 48th San Francisco International LGBTQ+ Film Festival (Frameline48), featuring over 120 screenings from June 19–29 in various theaters across the San Francisco Bay Area. The festival will kick off with a Juneteenth celebration in the Castro neighborhood, and highlights include screenings of acclaimed films like "In the Summers" and "Go Fish." The event will also feature a Pride Kickoff Party with a performance by Linda Perry, and a variety of LGBTQ+ films from around the world will be showcased. Tickets for the festival will be available to the public starting May 24.
Source: YAHOO
Reported 8 months ago
The author initially disliked their grandmother's cooking that often featured canned tomato sauce, which they found flavorless and unappetizing. However, over time, they started embracing canned tomatoes after discovering their use in making pizza and began incorporating them into dishes like pasta sauce and braised brisket, adding various spices and ingredients to enhance the flavor. Despite the transformation in their cooking style, the author's dishes still pay homage to their grandmother's favorite ingredient.
Source: YAHOO
Reported 8 months ago
The U.S. House of Representatives passed a bill aiming to establish a new legal framework for digital currencies, despite warnings from the U.S. Securities and Exchange Commission (SEC) that it could pose new financial risks. The Financial Innovation and Technology for the 21st Century Act passed with a bipartisan vote, with supporters arguing it will provide regulatory clarity and support industry growth. However, SEC Chair Gary Gensler cautioned that the bill could create regulatory gaps and undermine investor protection. The SEC's potential approval of spot ether exchange-trade funds contrasts with its concerns over the bill's implications for oversight.
Source: YAHOO
Reported 8 months ago
The article discusses the recent decline in existing home sales in the housing market in April, with a 1.9% drop compared to the expected 0.8% decrease. Analyst Logan Mohtashami highlights the impact of increasing inventory levels, suggesting that the positive aspect for the market will be the rise in inventory compared to 2023. However, challenges persist due to high mortgage rates and housing prices, hindering sales growth. Mohtashami emphasizes the need for mortgage rates to decrease towards 6% to stimulate housing market growth.
Source: YAHOO
Reported 8 months ago
Industry forecasters predict that in 2024, mortgage rates are expected to finish around 6.5%, down from the current 7.0%, with projections of one rate cut in December and an increase in origination volume, primarily driven by purchases. The market is anticipated to see increased demand from money managers and overseas investors, with an uptick in new home sales and housing starts. The Mortgage Bankers Association's Chief Economist forecasts a rebound in origination volume in the coming years, reaching $2.0 trillion in 2025 and $2.28 trillion in 2026, with mortgage rates projected to fall to 5.9% and 5.7% in 2025 and 2026, respectively.
Source: YAHOO
Reported 8 months ago
Marks & Spencer's £1bn sales boost was driven by increased demand for lingerie among younger women, with one in two women purchasing bras from the retailer and a total of 20 million bras and 60 million pairs of knickers sold last year. The popularity of M&S lingerie among Millennials and Gen Z customers, particularly the "B by Boutique" range, contributed to the retailer's success in appealing to younger shoppers. This achievement is part of M&S's efforts to revive its clothing division, with a focus on launching new, fashionable lines and collaborations with influencers, resulting in a 5.3% sales increase in the clothing and homeware market.
Source: YAHOO
Reported 8 months ago
New York Knicks' Jalen Brunson and Bojan Bogdanović have both undergone successful surgeries on their respective injuries and will be reevaluated in six to eight weeks. Brunson fractured his hand during Game 7 against the Indiana Pacers, while Bogdanović had been sidelined since the first round due to a wrist injury. The team is focusing on getting their core players healthy for the upcoming 2024-2025 season after injuries played a significant role in their elimination from the playoffs.
Source: YAHOO