Reported 8 months ago
The article discusses two growth stocks - MercadoLibre and On Holdings - that have the potential to triple by 2030. MercadoLibre, the largest e-commerce and fintech platform in South America, is experiencing rapid growth in its e-commerce and fintech services, showing promising opportunities for expansion. On Holdings, a premium activewear company known for its cloudTec running shoes, targets an affluent clientele and is experiencing strong growth and profitability. Both companies have solid growth trajectories and could provide significant returns for investors by 2030.
Source: YAHOO
Reported 8 months ago
Supermicro and AMD have introduced new multi-node servers powered by AMD EPYC 4004 Series processors to enhance cloud computing capabilities. Supermicro's MicroCloud multi-node solution supports up to ten nodes in a 3U form factor for cloud-native workloads, allowing for increased computing density and reduced data center TCO. The servers, tailored for small to mid-sized businesses, offer a space-saving design with low power consumption optimized for various applications. Despite missing analyst sales expectations, Supermicro reported strong quarterly sales growth of $3.85 billion, driven by continued demand for AI servers from Tier-2 CSPs and enterprises.
Source: YAHOO
Reported 8 months ago
Intercontinental Exchange Inc (ICE) has agreed to pay a $10 million penalty to settle charges that its subsidiaries failed to promptly notify the Securities and Exchange Commission (SEC) of a cyber intrusion incident discovered in April 2021. The incident involved an unauthorized installation of code into a VPN device, but the delay in reporting the breach violated SEC rules requiring immediate disclosure. ICE, which did not admit or deny the allegations, stated that the attempted network access was unsuccessful and did not impact market operations. The SEC has been emphasizing the importance of timely cybersecurity incident disclosures amid increasing risks of cyberattacks.
Source: YAHOO
Reported 8 months ago
Shares of TJX Companies are up after the company reported a 3% increase in comparable sales and raised its full-year EPS guidance. The retail giant's earnings signal positive consumer spending trends, with heightened demand seen in its home goods store. TJX's results, in line with expectations, show strong gross margins and optimism for future growth opportunities. Customer transactions were a key driver of sales growth, reflecting consumer interest in value offerings and discounts.
Source: YAHOO
Reported 8 months ago
Jessica Lange discusses her latest roles in the HBO film "The Great Lillian Hall" and the Broadway play "Mother Play," where she plays complex characters facing emotional turmoil. Lange reflects on her career, including her successful collaborations in "American Horror Story" and previous highs and lows in Hollywood, noting her upcoming projects and potential retirement plans amid a changing film industry landscape.
Source: YAHOO
Reported 8 months ago
Deadline has published movie reviews from the Cannes Film Festival 2024, including the Palme d’Or winner "Anora," a New York-set romantic dramedy about a Brooklyn stripper who transforms into a modern Cinderella. Other films reviewed include "The Apprentice," "Armand," "Bird," "Emilia Pérez," "Furiosa: A Mad Max Saga," and "Megalopolis," among many others, each providing unique insights and takeaways from the festival.
Source: YAHOO
Reported 8 months ago
Target's shares are declining after the company's Q1 report showed a 3.7% drop in comparable sales and missed revenue expectations, contrasting with Walmart's increase in comparable sales. Target's CEO cited inflation impacting consumer spending. Analysts note Target's struggles compared to Walmart's success, with concerns about market share loss and price competitiveness. Target plans to cut prices on 5,000 items, but questions arise about its impact on margins and ability to attract shoppers back from Walmart.
Source: YAHOO
Reported 8 months ago
The article compares Inovio Pharmaceuticals and Novavax, two biotech companies that have experienced significant stock price rebounds in 2024. Novavax, which has received approval for its COVID-19 vaccine and struck a major deal with Sanofi, is seen as having better prospects due to higher revenue and financial stability. In contrast, Inovio Pharmaceuticals is developing promising products, including a therapy for a rare disease, but its market capitalization is lower and its success depends largely on regulatory progress. Despite both being risky options, Novavax is considered a better bet due to its stronger financial position.
Source: YAHOO
Reported 8 months ago
"Mongrel" is a Taiwanese drama directed by Chiang Wei Liang, set in the immigrant trade in Taiwan and focusing on the harsh realities faced by immigrant workers. The story follows Oom, a caring worker who becomes entangled in the dark dealings of his ruthless boss, Boss, and Brother Te. The film sheds light on modern slavery and poverty, showcasing the bleak and controlled environment through superb filmmaking. The narrative, filled with physical and emotional deprivation, conveys a powerful message about the enduring crimes of our time, ultimately ending with a glimmer of hope.
Source: YAHOO
Reported 8 months ago
Stocks are mixed as investors await Nvidia's Q1 earnings report after the market close, with the Dow Jones Industrial Average still below its record 40,000 benchmark. The market is starting the day flat, with the Dow and S&P 500 slightly down while the NASDAQ tries to maintain gains. Yields in the bond market are moving up ahead of more Fed officials speaking on rate cuts, and tech is leading the sector action in the green.
Source: YAHOO
Reported 8 months ago
Boston and Cleveland Federal Reserve presidents are calling for more inflation data before considering rate cuts, reinforcing the need for evidence of cooling inflation before moving forward with any adjustments. They emphasize the importance of holding rates higher for longer until inflation shows signs of coming down, with differing views within the Federal Reserve on the timeline for potential rate cuts. This stance is highlighted as top Fed leaders seek further confirmation that inflation is on track to return to their 2% target before making any decisions.
Source: YAHOO
Reported 8 months ago
"Kamen Rider Black Sun Season 1" is an action fantasy drama series available for streaming on Amazon Prime Video, consisting of 10 episodes that follow a young girl's quest to change the discriminatory system against Kaijins. The show explores her encounters with the Creation King and challenges she faces, especially after meeting Kotaro Minami. The series stars actors like Hidetoshi Nishijima and Tomoya Nakamura, and viewers can access it through Amazon Prime Video's streaming service by signing up for a membership.
Source: YAHOO
Reported 8 months ago
Private equity groups, led by Drew Weatherford and Gerry Cardinale, are actively engaging with college athletic departments to inject instant cash amid significant changes in college sports. With the NCAA and schools agreeing to a revenue-sharing model with athletes, private capital investment is seen as crucial for departments to remain competitive. Weatherford and Cardinale's Collegiate Athletics Solutions platform aims to provide financial support to athletic departments, with investments ranging from $50 million to $200 million. Despite some skepticism, private equity involvement is becoming increasingly necessary as schools face financial strains due to mounting debts and the need to compensate athletes directly.
Source: YAHOO
Reported 8 months ago
"Always a Sword: A Sword & Sorcery Adventure Season 1" is a 2019 fantasy-reality series where celebrities play a real-life Dungeons & Dragons game. The show, available for streaming on Amazon Prime Video, consists of 8 episodes showcasing different phases of the game and is directed by Brian Ward, featuring celebrities like Deborah Ann Woll and Tiffany Smith. Viewers can watch by subscribing to Amazon Prime Video for $14.99 per month or $139 per year with an Amazon Prime membership.
Source: YAHOO
Reported 8 months ago
After rejecting a third takeover offer from BHP valued at 38.6 billion pounds, Anglo American has agreed to a one-week extension for BHP to make a binding offer. The proposal is conditional on Anglo unbundling its platinum and iron ore assets in South Africa. Anglo's concerns about completion and execution risks in BHP's proposal may hinder the deal, with investors being skeptical. The South African government is closely monitoring the situation, and BHP's proposed deal deadline coincides with a national election in the country. Analysts suggest BHP may need to increase its offer by around 30% to reflect the fair value of Anglo and its copper assets in Chile and Peru.
Source: YAHOO
Reported 8 months ago
US stocks closed lower on Wednesday after the release of the Federal Reserve's May meeting minutes, with the S&P 500 slipping about 0.3%, the Nasdaq Composite down 0.2%, and the Dow Jones falling roughly 0.5%. Investors were awaiting Nvidia's earnings, which surpassed expectations, leading to a 2% stock increase in after-hours trading. The Fed minutes indicated a willingness to tighten policy if necessary. Additionally, Target stock tumbled 8% due to an earnings miss and cautious guidance, while BuzzFeed shares surged after Vivek Ramaswamy disclosed a 7.7% stake, aiming for strategic changes.
Source: YAHOO
Reported 8 months ago
The recent civil unrest in New Caledonia, a major nickel producer in the southern Pacific, has led to a halt in mining operations and a rally in nickel prices. New Caledonia holds significant nickel reserves, ranking third globally for mined nickel in 2023. The unrest has impacted the industry, with most mines shut down and output reduced, supporting a rally in nickel prices. The territory's nickel sector has struggled due to financial losses, high costs, technical setbacks, and competition from cheaper suppliers like Indonesia. Efforts to attract new investors by selling stakes in companies like Glencore and Prony are ongoing, with potential for interest due to concerns over Indonesia's dominance in the nickel supply chain.
Source: YAHOO
Reported 8 months ago
Adam Wingard will not be returning to direct the Godzilla x Kong sequel due to scheduling conflicts with his upcoming project "Onslaught" for A24. Despite teasing ideas for a sequel during the press tour for "The New Empire," Wingard's commitment to "Onslaught" has caused him to step away from the Monsterverse franchise. Legendary has already hired Dave Callaham to write the follow-up, following the success of "The New Empire," which grossed over $1 billion.
Source: YAHOO
Reported 8 months ago
Nvidia is scheduled to report its Q1 earnings for the 2025 fiscal year, with Wall Street expecting a 9% move in the stock after the earnings call. With a market cap of around $2.3 trillion, Nvidia makes up significant portions of major indices like the S&P 500, Nasdaq 100, and VanEck Semiconductor ETF. The company is a major contributor to earnings growth in the tech sector, and its performance will likely have broader market implications. Wall Street is closely watching Nvidia's earnings report to gauge the impact on the overall market.
Source: YAHOO
Reported 8 months ago
Nvidia's stock surged by 9% to surpass $1,000 after beating earnings forecasts, reporting a 461% increase in adjusted EPS and a 262% rise in revenue compared to the previous year. The company also announced a 10-for-1 stock split and a dividend hike, with a projected revenue of $28 billion for the current quarter. Nvidia's Data Center revenue notably grew by 427%, driven by strong demand for AI applications. The company's stock split and dividend increase align with recent moves by other tech giants like Meta and Alphabet.
Source: YAHOO
Reported 8 months ago
A Citigroup trader in London received 711 warning messages before unintentionally creating a $444 billion basket of stocks, sparking a flash crash that wiped off €300 billion from European stocks on May 2, 2022. The trader mistakenly entered 58 million into the quantity field instead of the intended $58 million, resulting in the erroneous trade. Regulators penalized Citigroup with £61.6 million for the mistake, highlighting risk management lapses and the impact of the fat-finger glitch.
Source: YAHOO
Reported 8 months ago
Wall Street's top analyst has upgraded Shopify to Buy, citing the company's strong position in e-commerce software and projected revenue growth, while also upgrading Kraft Heinz to Overweight due to new innovations driving potential revenue gains. Other upgrades include Stryker, Tandem Diabetes, and Edwards Lifesciences. On the downside, Middleby, Hims & Hers, Generac, Box, and Digi International were downgraded. Initiations include FBN Securities initiating coverage of JFrog, UBS starting coverage of Couchbase and DigitalOcean, Citi reinstating coverage of Aon plc, and UBS initiating coverage of Elastic.
Source: YAHOO
Reported 8 months ago
Nvidia is set to report its first-quarter earnings, with many on Wall Street focusing on the outcome to test the market's strength. The number of AI mentions among companies in various sectors has increased, making details from Nvidia's report influential across multiple sectors. Yahoo Finance Markets Reporter Josh Schafer discusses how Nvidia's earnings can impact sectors beyond AI, including energy and utilities, as the company's performance may have broader implications.
Source: YAHOO
Reported 8 months ago
Amazon is set to launch a revamped AI-powered version of its Alexa voice assistant later this year, with plans to charge a monthly subscription fee to cover technology costs, as reported by CNBC. The subscription for Alexa's enhanced services will not be included in Amazon's Prime membership. The company has been working on a generative AI-powered Alexa version to compete with rivals like OpenAI and Google. Amidst advancements by competitors like OpenAI's GPT-4o and Google's Gemini chatbot, Amazon aims to leverage its Titan large language model for the Alexa upgrade. Apple is also reportedly planning an AI overhaul for its Siri virtual assistant.
Source: YAHOO
Reported 8 months ago
Santander UK's CEO, Mike Regnier, who earns $4.2 million annually, insisted on working from home part-time as a condition for taking the job, unlike JPMorgan and Goldman Sachs CEOs who want staff back full-time. Regnier allows his employees to come to the office twice a week, a policy he negotiated to balance work and family life. He believes this flexibility is crucial for both himself and his staff to serve the bank's 14 million customers effectively. Regnier's stance reflects a growing shift in banking culture towards hybrid work arrangements following recent tragic events involving young traders.
Source: YAHOO