Reported 11 months ago
U.S. Steel Corp and Nippon Steel have obtained all regulatory approvals outside of the U.S. for their $14.9 billion merger. The companies still need approval in the U.S., amidst opposition from President Joe Biden and the United Steelworkers union over fears of job losses. Nippon Steel has pledged to honor agreements with the union and move its U.S. headquarters to Pittsburgh. The deal is expected to be finalized in the second half of the year after receiving approvals from various countries.
Source: YAHOO
Reported 11 months ago
Divorce registries, like Fresh Starts, are becoming a new trend to help individuals rebuild after divorce by providing tangible support through household items. Olivia Howell and her sister founded Fresh Starts after experiencing divorce themselves, offering not just registries but also expert resources. The initiative aims to break the stigma around divorce, providing a way for friends and family to show support that goes beyond traditional means. Recipients can choose bundles of items like bedding and kitchenware on Amazon, helping them start anew with practical support and emotional understanding.
Source: YAHOO
Reported 11 months ago
Descartes, a supply chain software provider, reported improved demand from logistics service providers in its fiscal first quarter, driven by strengthening international ocean container shipments and disruptions in the Red Sea and Panama Canal. Earnings per share were 6 cents higher year over year at 40 cents, with consolidated revenue up by 11% at $151 million. The company made two acquisitions totaling $150 million and generated $63.7 million in cash flow from operations. CEO Ed Ryan highlighted the impact of various global factors on supply chains and logistics operations, expressing the company's commitment to providing technology solutions to adapt to the changing landscape.
Source: YAHOO
Reported 11 months ago
Stock futures are down as Federal Reserve's plan for higher interest rates affects the market, while US GDP grew by 1.3% in Q1 2024. Salesforce (CRM) shares dropped by 16% due to mixed earnings report. Activist investor Nelson Peltz sold his Disney stake after losing board seat battle. For more insights and market updates, view the full episode of Morning Brief by Yahoo Finance.
Source: YAHOO
Reported 11 months ago
美國經濟在第一季度的增長速度低於初步預測。美國經濟分析局對第一季度美國國內生產總值(GDP)的第二預估顯示，經濟在該時期以1.3%的年化速度增長，低於4月份1.6%的初步數據，與經濟學家的預測相符。第一季度的個人消費增長為2%，低於之前的2.5%。頭條GDP增長的減速引發市場對經濟過熱的擔憂，因為通脹證明比預期更頑強。然而，許多預測人士不認為第一季度的經濟增長放緩是更廣泛趨勢的開端。高盛集團預計第二季度將增長3.2%，而亞特蘭大聯儲的GDPNow預測者目前預計第二季度增長3.5%。
Source: YAHOO
Reported 11 months ago
Nvidia's recent blockbuster earnings report for the first quarter of 2024, showcasing a 262% revenue growth overall and 427% in data center revenue, highlights the thriving AI market. The company's CEO's comments on the AI market's early-stage growth and soaring demand have sparked further enthusiasm for the AI revolution. The article also discusses the significance of AI inference and power consumption, predicting a substantial impact on electrical grids and potential winners like utility companies such as Dominion Energy, which operates in a prime data center market like Virginia. Investing in Dominion Energy is suggested as a strategic way to capitalize on the growth in generative AI.
Source: YAHOO
Reported 11 months ago
醫生表示，他們發現越來越多表面上健康的年輕病人出現心臟病發作的情況。如今，西奈山的醫生正在追蹤病人，以查明這一趨勢背後的新風險因素。NBC的Anne Thompson為今日新聞報導。
Source: YAHOO
Reported 11 months ago
Khloé Kardashian joked on 'The Kardashians' about her camel toe, Kamille, disappearing after she lost weight, explaining that she named it to take back her 'power.' She discussed the changes in Kamille over the years and the newfound confidence she gained through her weight loss journey, sharing personal experiences about her self-esteem and body image. Khloé humorously referenced her camel toe in various moments, shedding light on her journey towards self-acceptance and empowerment.
Source: YAHOO
Reported 11 months ago
Russia is planning tax hikes for companies and the wealthy to generate an extra $30 billion in budget revenues, allowing for increased spending, including on the war in Ukraine, without jeopardizing fiscal stability. The changes aim to address national issues, reduce inequality, and support regional development, covering President Putin's infrastructure and social spending pledges. The proposed tax adjustments are expected to bring in additional revenue, with a focus on non-oil and gas sectors, ensuring no impact on the budget rule or the National Wealth Fund.
Source: YAHOO
Reported 11 months ago
Daisy Ridley stars and produces in 'Young Woman and the Sea,' a film based on the true story of American swimmer Trudy Ederle. Ridley's dedication to portraying the strong relationship between Trudy and her sister in the 1920s New York immigrant community led to her taking on a more significant role in the production. Despite challenges filming in the actual ocean for authenticity, Ridley's commitment to the role and learning how to swim alongside her co-star shone through, impressing the director with her dedication and leadership on set.
Source: YAHOO
Reported 11 months ago
Dorsay Alavi shares insights on dividing her docuseries about saxophone player Wayne Shorter into three 'portals,' exploring his life, music, and influence over six decades. This Amazon Prime Video documentary is part of a 'Meet the Experts' panel for documentary filmmakers hosted by Gold Derby contributor Charles Bright.
Source: YAHOO
Reported 11 months ago
Turkey's economy is expected to have experienced a growth in the first quarter driven by consumer spending, unaffected by aggressive interest-rate hikes meant to curb domestic demand. The surge in spending, fueled by expectations of a currency slump, has led to a likely temporary economic boost before a slowdown. Despite rising inflation and policy changes, consumer confidence remains high, with concerns shifting towards a possible decrease in demand and lower economic growth rates ahead.
Source: YAHOO
Reported 11 months ago
The article discusses the historical performance of the Nasdaq, which is expected to have a strong year in 2024. It highlights five top software growth stocks to consider investing in. These stocks include Palantir, Shopify, ServiceNow, Monday.com, and CrowdStrike, with analyses of their performance and potential for long-term growth based on factors like revenue, margins, customer base, and market trends.
Source: YAHOO
Reported 11 months ago
Source: BARRONS
Reported 11 months ago
The UEFA EURO 2024 tournament in Germany will feature 24 teams in six groups playing in 10 stadiums across the country from June 14 to July 14, 2024. Reigning champs Italy aim to win back-to-back titles, competing against strong contenders like England, France, and the Netherlands. Major matches include Italy vs. Spain and France vs. Netherlands in the group stage. The tournament will be broadcast on Fox Sports in the USA, with key matches taking place in venues like Berlin's Olympiastadion and Munich's Football Arena.
Source: YAHOO
Reported 11 months ago
Dell Technologies Inc.'s shares are outperforming Nvidia Corp. recently, with investors betting on Dell's significant gains from the artificial intelligence sector, especially after introducing AI-optimized PCs and servers. The company's growth prospects are expected to be confirmed in its upcoming first-quarter results, supporting a stock trading at a record high with high potential. Dell's strategic position in AI is gaining recognition among analysts, leading to bullish recommendations and a positive outlook for the stock, especially in anticipation of potential inclusion in the S&P 500 index.
Source: YAHOO
Reported 11 months ago
Nvidia's impressive financial performance and outlook have led investors to explore alternative AI investment options. Super Micro Computer and Snowflake are two promising AI stocks worth considering. Super Micro Computer benefits from Nvidia's AI chip demand, experiencing substantial revenue and earnings growth. On the other hand, Snowflake's cloud-based platform, AI initiatives, and strategic acquisitions position it for future growth. Both companies offer potential for investment growth in the AI sector, with Super Micro Computer trading at attractive valuations and Snowflake focusing on expanding its AI capabilities.
Source: YAHOO
Reported 11 months ago
美国经济在一季度增长速率低于先前估计，主要是由于消费者支出和通货膨胀测量指标降低，使得联邦储备可能在年底之前至少开始降息的轨道上。商务部周四报告称，1-3月间国内生产总值以1.3%的年率增长，低于1.6%的初步估计，明显慢于2023年最后三个月的3.4%。一季度的增长下调表明美联储通过高利率逐步降温经济的目标正在产生影响，尽管尚不确定通货膨胀趋势的减弱是否会持续。企业利润首次一年下降，从去年第四季度创纪录的3.39万亿美元下降了0.6%。
Source: YAHOO
Reported 11 months ago
A 1950s-era home in Palo Alto, California, is causing a stir with its $2 million price tag despite its dated appearance, sparking social media debate over the value. The property, located in a high-income area with notable residents like Mark Zuckerberg, highlights the influence of location on real estate prices in California. Despite its condition, the home has attracted significant interest and offers due to the area's scarcity of land and high property values, with expectations of a competitive bidding war for both renovation and redevelopment.
Source: YAHOO
Reported 11 months ago
Former UFC middleweight champion Sean Strickland expresses strong disapproval for the new official UFC glove design, calling it subpar quality and criticizing the designers for lacking fight experience. He believes the gloves are not the solution to eye pokes, blaming fighters instead for not keeping their hands closed. Strickland's opinions come ahead of his fight against Paulo Costa at UFC 302, where the new glove design will be used for the first time.
Source: YAHOO
Reported 11 months ago
The number of Americans applying for unemployment benefits increased slightly last week to 219,000, up from 216,000 the previous week, while layoffs remain historically low. Jobless claims are seen as an indicator of U.S. layoffs and the job market's direction, remaining low since the pandemic. Despite concerns, rapid rate hikes by the Federal Reserve have not led to a recession, with strong consumer demand aiding the labor market. Moderation in job hiring and wage growth might prompt the Fed to lower interest rates, even as some companies announce layoffs across industries.
Source: YAHOO
Reported 11 months ago
The US economy's growth rate for the first quarter was adjusted down from 1.6% to 1.3%, revealing a sluggish expansion. Despite this, consumer spending remained steady, indicating pressure from high interest rates and inflation on household budgets. The update also noted that imports and reduced business inventories were key factors contributing to the lower growth rate, while consumer spending on goods decreased, but spending on services increased notably. Inflation saw a slight downward revision, with consumer prices rising at a 3.3% annual pace, reflecting ongoing concerns about the economy's trajectory amid rising costs and potential impacts on consumer behavior.
Source: YAHOO
Reported 11 months ago
The Labor Department reported that the number of Americans filing new claims for unemployment benefits increased by 3,000 to 219,000 for the week ending May 25. Despite the uptick, the labor market shows resilience, with continuing claims also rising by 4,000. Economists had expected 218,000 initial claims. The market continues to adjust to interest rate hikes by the Federal Reserve since March 2022, indicating ongoing support for the economy.
Source: YAHOO
Reported 11 months ago
The article discusses how Realty Income was previously considered the top real estate investment trust (REIT) but has slowed, making other REITs more appealing for growth, such as Prologis. Prologis is seen as a way to benefit from the growth in e-commerce. The Motley Fool Stock Advisor team shares insights on 10 best stocks, excluding Prologis, that could yield high returns. Mark Roussin is affiliated with The Motley Fool and owns positions in Prologis, which is recommended by The Motley Fool along with Equinix. The article also contains information on special offers and potential investment insights.
Source: YAHOO
Reported 11 months ago
Tesla issued a strong rebuttal to proxy-advisory firm Glass Lewis, urging shareholders to vote in favor of CEO Elon Musk's $46 billion pay package at the upcoming June 13 annual meeting. In a letter titled 'What Glass Lewis Got Wrong About Tesla,' Tesla criticized the firm for omitting key considerations and relying on faulty logic and speculation. The company emphasized its commitment to Musk and the importance of shareholder value creation, dismissing concerns raised by Glass Lewis about the pay package diluting existing holdings and concentrating Musk's ownership.
Source: YAHOO