Reported 11 months ago
Shares of Gap surged around 28% after the apparel retailer raised its full-year sales target, indicating success in revitalizing the business by introducing newer styles. The stock is on track for its largest one-day gain since November and has increased over 37% this year, following an 85% growth in 2023. Gap's CEO Richard Dickson's strategy of bringing trendier styles and enhancing marketing efforts has shown positive results, with the brand experiencing sales growth and Wall Street analysts raising their price targets for the stock.
Source: YAHOO
Reported 11 months ago
Shaheen Shah Afridi, one of the world's most recognizable pace bowlers, is withdrawing from The Hundred tournament to consider signing with the Global T20 Canada. This decision is seen as a major setback for The Hundred, especially since Shaheen is known for his impressive performances in international cricket. The tournament is also undergoing changes, with the possibility of privatization to increase player salaries and attract more top talents amidst competition from leagues like the Major League Cricket and Global T20 Canada.
Source: YAHOO
Reported 11 months ago
The Dow and S&P 500 saw significant gains with the Dow recording its biggest daily percentage increase since November 2023, driven by late-month repositioning. The major indexes closed strong for May, with the energy sector up 2.5% and the technology sector slightly down. U.S. personal consumption expenditures (PCE) price index showed a 0.3% increase, signaling consumer spending slowdown, while traders bet on Fed rate cuts in September and December. The S&P 500 rose 4.8% for the month, the Nasdaq 6.9%, but both fell for the week along with Dell's shares dropping 17.9% and Gap surging 28.6% after a successful first quarter.
Source: YAHOO
Reported 11 months ago
日產汽車向前首席執行官Ashwani Gupta支付了370萬美元的賠償金，這發生在他去年突然離職後，日本汽車製造商在其年度股東大會通知中披露。對於違反日本的承包商法律並導致36家供應商約30億日元損失的指控，日產CEO宇田誠在星期五的記者會上表示，他將在4月開始的三個月內返還30%的薪水。
Source: YAHOO
Reported 11 months ago
按照美国银行的策略师们的说法，投资者押注科技巨头将继续推动股市的涨势可能会在其他行业赶上时遭遇艰难时期。他们指出，随着市场宽度改善，价值股表现胜于成长股，可能成为投资者未来面临的"痛苦交易"。此外，对于在美国股市下跌和投资级债券差价扩大的预期也是未来可能的敏感点。美国银行的策略师包括迈克尔·哈特纳特和埃利亚斯·加洛在一份报告中写道，他们在2023年普遍持谨慎态度后，在今年对推动标普500指数创纪录的涨势采取了更为中性的立场。除了技术巨头股价的激增外，标普500价值指数今年仅上涨不到4％，而成长指数上涨15％。标普500等权重指数，削弱了技术巨头的影响，根据彭博编制的数据，相对于基准指数，目前处于2009年以来的最低水平。
Source: YAHOO
Reported 11 months ago
Broncos coach Sean Payton expressed praise for quarterback Bo Nix's progress during offseason workouts, noting how well Nix is adapting and throwing the ball. Payton mentioned the importance of Nix being able to read tight NFL windows and adjust to the speed and reaction time differences in the league. Despite the challenges, Payton believes Nix is making significant strides and showing promise for the Broncos' upcoming season.
Source: YAHOO
Reported 11 months ago
Source: YAHOO
Reported 11 months ago
Source: YAHOO
Reported 11 months ago
Euro-area inflation in May rose to 2.6% from a year ago, higher than the 2.4% in April, surpassing analyst estimates. The European Central Bank plans to cut the deposit rate from its current 4%. While money markets still anticipate a quarter-point cut, ECB officials are prepared to ease monetary policy despite inflation fluctuation and slow progress towards the 2% target. National reports indicated mixed acceleration in major euro economies, with concerns raised over rising service sector inflation and potential multiple rate cuts in the future.
Source: YAHOO
Reported 11 months ago
Hedge-fund manager Bill Ackman is selling a 10% stake in Pershing Square in a funding round valuing the investment firm at over $10 billion, gearing up for an IPO as early as late 2025. The sale will see Pershing Square Chief Investment Officer Ryan Israel owning 10% of the firm, translating to an approximate $1 billion valuation. Ackman, known for activism and social media presence, has a net worth of $2.8 billion and is set to climb higher following the stake sale. The IPO plans were reported by The Wall Street Journal and a representative for Pershing Square declined to comment.
Source: YAHOO
Reported 11 months ago
Japan has spent a record ¥9.8 trillion ($62.2 billion) in the past month to support the yen after it hit a 34-year low against the dollar. This amount surpasses what was spent in 2022 to defend the currency. The massive intervention reflects Japan's commitment to resist speculators betting against the yen, but experts note that the impact may be short-lived due to market dynamics and interest rate discrepancies between Japan and the US.
Source: YAHOO
Reported 11 months ago
Nicki Minaj's concert in Amsterdam was canceled after she was reportedly detained at the city's airport for 'possession of soft drugs.' Dutch police fined her 350 euros and allowed her to continue her journey. The incident also led to the postponement of her Manchester show. Minaj documented the encounter on social media, expressing frustration and alleging mistreatment by officials.
Source: YAHOO
Reported 11 months ago
AS Monaco midfielder Mohamed Camara has been banned for four matches by the Ligue de Football Professionnel in France for covering an anti-homophobia logo on his kit during a match. Camara also refused to join a team photo where players posed in front of the campaign logo promoting awareness against homophobia. Despite calls for strong sanctions from the French Sports Minister, the Mali Football Federation supported Camara, emphasizing players' rights. Camara will now miss the first four games of the upcoming season, and AS Monaco stated that his actions were not representative of the club.
Source: YAHOO
Reported 11 months ago
BuzzFeed shared a collection of humorous interactions where scammers attempting to deceive people ended up being hilariously outwitted by their targets, with scenarios including clever comebacks, trolling, sharing false information, and engaging in playful banter. From providing fake details to sending scammers on wild goose chases, these stories showcase creative ways individuals handled fraudulent attempts in a lighthearted manner.
Source: YAHOO
Reported 11 months ago
Investors have become cautious about Tesla due to reduced demand for electric vehicles and competitive pressures. Despite a 58% decrease in stock price, potential buying opportunities may arise as Tesla works on increasing demand, launching a lower-cost EV, and developing a robotaxi platform. Tesla's ambition and innovation in the EV market, along with predictions of future growth, signal potential for a stock recovery and surpassing previous market highs.
Source: YAHOO
Reported 11 months ago
Source: WSJ
Reported 11 months ago
Target has introduced a stylish East West Shoulder Handbag for only $25, resembling a Kate Spade bag but at a quarter of the price. This purse from Target's line, A New Day, features a curved design, detachable tortoiseshell chain, and comes in three colors. With positive reviews comparing it to high-end designer bags, such as the Kate Spade Madison Crossbody, which is originally priced at $319, Target's affordable option provides a chic and budget-friendly alternative.
Source: YAHOO
Reported 11 months ago
British tennis player Liam Broady speaks out against disrespectful behavior from fans at the French Open, citing instances of personal abuse and unruly actions. Broady describes the challenging environment where spectators, including children as young as nine, engage in derogatory behavior towards players during matches. The tournament has seen a rise in stories of crowd misconduct, prompting calls from players like Novak Djokovic for better support against heckling.
Source: YAHOO
Reported 11 months ago
Price cuts by major U.S. retailers and a slowdown in consumer spending could increase the Federal Reserve's confidence in declining inflation. Data showing a decrease in overall consumption and disposable income in April, as well as a slower economic growth rate due to reduced consumption, may align with the Fed's goal of reaching a 2% inflation target. While recent inflation numbers have shown an increase, policymakers are monitoring the situation closely for signs of a softer economy and are considering adjusting interest rates accordingly.
Source: YAHOO
Reported 11 months ago
Real Madrid will face Borussia Dortmund in the Champions League final, with standout players like Jude Bellingham and Jadon Sancho. The match will be held at Wembley Stadium in London, with TNT Sports broadcasting the game in the UK and CBS in the US. New security measures are in place, and predictions have been made for the final. The current champions are Manchester City, but this year's finalists are set to battle it out for the €20 million prize money and the prestigious trophy, with Real Madrid as the favorite to win.
Source: YAHOO
Reported 11 months ago
Wall Street is expected to close the week cautiously as Friday's release of May inflation data, particularly the PCE inflation gauge, will be pivotal in light of conflicting economic signals and recent political developments. The Federal Reserve's preferred measure is anticipated to show a 0.3% monthly core increase and 2.8% annual rate, possibly influencing interest rate decisions. Despite recent calmer bond market movements, stocks remained subdued, with the S&P500 and Nasdaq experiencing declines. Overseas, markets are monitoring U.S. inflation and Fed outlooks, as well as events in China, South Africa, and Mexico. Additionally, key U.S. economic data and speeches from the Atlanta Federal Reserve President Raphael Bostic are anticipated later in the day.
Source: YAHOO
Reported 11 months ago
Salesforce, seeking growth after a significant stock decline, may consider major acquisitions; analysts worry about potential negative impacts. Following a 20% drop in stock value due to disappointing fiscal results and projections, concerns arise over Salesforce's future performance. While the company's CEO hints at openness to large-scale deals, analysts caution against risky acquisitions given the challenging software market. Despite recent smaller acquisitions like Spiff, Salesforce's potential pursuit of significant mergers raises investor concerns about maintaining customer satisfaction and strategic alignment with core services, highlighting possible challenges in adapting to industry trends such as AI innovation.
Source: YAHOO
Reported 11 months ago
全球債券投資者正逐漸認識到利率可能在可預見的未來保持較高水平。從美國和德國到澳大利亞和日本，過去兩周對於一直抱有今年世界最大央行滾動降息希望的投資者而言十分痛苦。事實上，通膨尚未完全受控，這使得各央行保持警惕，讓債券持有人承受損失。全球政府債券自5月16日以來下跌了約1.3%，整個行業今年迄今下跌約5%，抹去了去年末由於對即將全球降息前景的樂觀期望而實現的所有增長。
Source: YAHOO
Reported 11 months ago
Julie Hyman discusses the hot and potentially risky asset class of private credit in the Morning Brief. The private credit market, mainly handled by firms like Blackstone, Apollo, and KKR, is estimated at $2.1 trillion in 2023. Although Jamie Dimon mentioned potential issues, such as lack of liquidity and transparency and the risk of systemic problems, the IMF doesn't see these risks as systemic yet. Money has been flowing into private credit as it's marketed as safer, but risks remain. JPMorgan, despite discussing risks, is actively involved in direct lending and considering acquiring in this space.
Source: YAHOO