Reported 10 months ago
A recent study from Boston University's Questrom School of Business indicates that Massachusetts could lose nearly $1 billion in tax revenue annually by 2030 due to wealthy residents leaving the state because of high taxes and housing costs. The trend of residents moving out of Massachusetts to other states, such as Florida and New Hampshire, has accelerated during the pandemic as remote work opportunities have made it more feasible to live elsewhere. If this trend continues, over 96,000 residents making $19.2 billion in income could leave the state annually by 2030, resulting in a significant loss of tax revenue for Massachusetts.
Source: YAHOO
Reported 10 months ago
A recent study by S&P Global Mobility reveals that American vehicle owners are holding onto their cars for a record average of 12.6 years, despite easing supply disruptions due to the COVID-19 pandemic. The report indicates that the average age of cars and light trucks in the U.S. has increased by two months from 2023, with older vehicles expected to make up 70% of those in operation in the next five years. This trend is seen as a positive development for the aftermarket and vehicle service industry in the U.S. as repair opportunities are projected to grow with vehicle age. Additionally, the average age of battery-powered vehicles is expected to increase in the short term due to challenges in EV sales growth caused by high interest rates and consumer sentiments.
Source: YAHOO
Reported 10 months ago
Since President Javier Milei took office in Argentina and started cutting state spending, thousands of construction workers, like Pablo Vazquez, have been laid off, leading to a significant economic downturn in the construction sector. Milei's austerity measures have halted public infrastructure projects, resulting in a 42% drop in construction activity and tens of thousands losing their jobs. While these measures aim to address the country's fiscal deficit, they have sparked concerns over rising unemployment and economic instability.
Source: YAHOO
Reported 10 months ago
The U.S. Consumer Financial Protection Bureau announced that they will extend some credit card consumer protection rules to buy now, pay later (BNPL) lenders like Affirm, Klarna, and Afterpay. This move aims to bring more oversight to the rapidly growing BNPL sector, requiring BNPL lenders to investigate disputes, offer refunds for returned products, and provide periodic billing statements similar to credit card companies. The new rule, effective in 60 days, will focus on the "pay in four" installment product and aims to standardize consumer protections across the industry.
Source: YAHOO
Reported 10 months ago
Nvidia's stock has surged 206% in the past year due to its dominance in AI data center chips and impressive operational results. Three reasons to buy include its spectacular performance, ability to stay ahead of competition, and low valuation. However, there's a caution that the AI market may not meet expectations, leading to a possible slowdown in Nvidia's growth. Investors are advised to consider these factors before investing.
Source: YAHOO
Reported 10 months ago
Simply Recipes報導了如何保存櫻桃，來自櫻桃專家梅蓮娜·野村（Meleyna Nomura）。建議將櫻桃放在冰箱保存，並保持乾燥，以防止軟化和腐敗。此外，文章也提到了如何凍結櫻桃以延長保存時間，建議在消費前先讓凍櫻桃解凍。
Source: YAHOO
Reported 10 months ago
NASCAR Cup teams are gearing up for the Coca-Cola 600 weekend after a successful All-Star event, with eight drivers having won races so far this season. Kyle Larson aims to compete in both the Indianapolis 500 and the Coca-Cola 600 on the same day. Teams like Hendrick Motorsports are on a winning streak on 1.5-mile speedways, while drivers like Martin Truex Jr. and Kyle Busch have impressive track records at Charlotte Motor Speedway. Overall, teams are facing a mix of good and bad news as they head into the 14th race of the season.
Source: YAHOO
Reported 10 months ago
In 2024, the Eagles are facing questions about how much they can rely on linebacker Nakobe Dean, who is entering his third NFL season. Dean's first year as a starter was marred by injuries, leading to uncertainty about his role and impact on the team. Despite injuries and competition in the linebacker group, the Eagles' management has expressed continued belief in Dean's abilities. As the team navigates changes to the linebacker group under a new defensive coordinator, Dean aims to prove himself and fulfill his potential.
Source: YAHOO
Reported 10 months ago
The article discusses a viral video from 1938 showing a woman appearing to use a cellphone, sparking time travel theories. However, the video is real and unaltered, with the woman likely holding a device that resembles a cellphone. Various explanations, including the possibility of a Siemens hearing instrument or a small portable radio, were suggested by social media users, debunking the time travel claims. A YouTube user claimed the woman was his great-grandmother testing wireless phones at a Dupont factory, although this remains unverified. The article highlights past instances of debunked time travel claims and emphasizes the lack of concrete evidence in this specific case.
Source: YAHOO
Reported 10 months ago
The article discusses how large US companies within the S&P 500 are enhancing their adjusted earnings per share by excluding certain expenses from their net income, such as litigation costs and the amortization of intangible assets. A study by Calcbench Inc. and Suffolk University found that in 2023, about 260 S&P 500 companies made combined adjustments totaling nearly $182 billion, leading to an average adjusted net income of around $3.1 billion per company. The article highlights the ongoing debate regarding the use of non-GAAP measures by companies and the scrutiny from regulators, including the Securities and Exchange Commission, on such practices.
Source: YAHOO
Reported 10 months ago
Target reported a decline in quarterly revenue due to higher prices on essentials impacting shopper spending, along with profit results below analyst expectations and a muted profit outlook. The retailer posted its fourth consecutive quarter of declines in comparable sales but anticipates a return to sales growth this quarter. Shares dropped nearly 10% in premarket trading. Target is implementing strategies like price cuts on consumer basics, a new membership program, store updates, and expanding store-owned brand offerings to boost sales and compete with Walmart and Amazon.
Source: YAHOO
Reported 10 months ago
Stocks finished down on Wednesday, with the Dow Jones Industrial Average losing 201 points, the S&P 500 slipping 0.27%, and the Nasdaq dropping 0.18%, following the release of Federal Reserve meeting minutes and Nvidia's earnings release. The Fed's minutes indicated a longer wait for inflation to cool and debate over the impact of interest rates on the economy. Additionally, Target shares plunged over disappointing earnings, while Tesla shares remained down for the year despite a recent increase in demand. The CBOE's VIX volatility index closed at a three-and-a-half-year low, and the UK called for a general election in July. Lastly, Buzzfeed shares soared after an investor revealed a stake in the media group.
Source: YAHOO
Reported 10 months ago
OG Anunoby was determined to play in Game 7 despite a hamstring strain, but only lasted five minutes due to movement limitations. Jalen Brunson expressed disappointment in his performance, acknowledging his fractured hand impacted his play. Tyrese Haliburton found motivation during the game by interacting with a fan courtside named Jon Chertit, according to The Pat McAfee Show.
Source: YAHOO
Reported 10 months ago
The article discusses AbbVie's recent acquisition with Gilgamesh Pharmaceuticals to collaborate on novel therapies for psychiatry, focusing on enhancing neuroplasticity inspired by psychedelic drugs' effects. The deal includes $65 million upfront with potential royalties and fees totaling almost $2 billion. This partnership provides AbbVie an opportunity to expand its presence in the psychiatry market, potentially benefiting from the growing antidepressant market projected to reach $18.2 billion by 2027. Despite the promising prospects, investors should be mindful of the lengthy drug development process and high failure risks, highlighting the need for realistic expectations.
Source: YAHOO
Reported 10 months ago
Morocco is considering issuing its first international bond in over a year in 2024 as part of efforts to recover its investment grade and reduce the budget deficit. The Finance and Economy Minister, Nadia Fettah Alaoui, mentioned that while the kingdom's public finances are improving, they are still monitoring international markets for the best timing of the bond issuance. Morocco's credit quality has been strengthening, with the spread on the government's dollar debt decreasing significantly. The country is focusing on redirecting subsidies to vulnerable households and implementing measures to control inflation, including trimming subsidies for cooking gas.
Source: YAHOO
Reported 10 months ago
The article discusses the current bull market in the stock market and highlights two growth stocks with long-term potential: CRISPR Therapeutics and Iovance Biotherapeutics. CRISPR Therapeutics recently received approval for its gene-editing treatment, while Iovance focuses on TIL treatments for cancer. Both companies have promising growth prospects and are seen as good investments for the long run, benefiting from the current bull market and beyond.
Source: YAHOO
Reported 10 months ago
European shares are predicted to experience a temporary pause in the latter part of 2024 after a record-breaking run, with the STOXX 600 index expected to fall by 1.9% by the end of the year. However, fund managers and strategists anticipate a resurgence in 2025, with the index reaching new peaks by mid-year and year-end. Factors such as a recovering economy and the beginning of a rate-cut cycle are seen as driving forces behind this optimism, with the Euro STOXX 50 index expected to reach near-record highs. The European equities market is viewed as potentially less susceptible to significant corrections compared to Wall Street due to cheaper valuations and a more diversified market.
Source: YAHOO
Reported 10 months ago
The article highlights several anime series similar to the popular Chinese anime "Link Click," such as "Re: Zero," "Erased," "Tokyo Revengers," "Steins;Gate," and "Summertime Render." These series all involve elements of time travel and revolve around characters who possess unique abilities to manipulate time to help solve mysteries or prevent tragedies. Fans of "Link Click" are recommended to explore these compelling anime series.
Source: YAHOO
Reported 10 months ago
Target reported disappointing quarterly earnings and a weak forecast, causing shares to drop by 7.7%. The company's performance was worse than the market average, indicating a loss of market share, with a 1.8% share of U.S. retail sales in 2023. Target's comparable sales fell for the fourth consecutive quarter, and the forecast for the current quarter is below analysts' expectations. The company plans to lower prices on grocery items and introduce a membership plan to boost sales, aiming to regain growth in the near term.
Source: YAHOO
Reported 10 months ago
Greg Olsen, who recently lost his top analyst spot at Fox to Tom Brady, won another Emmy for Outstanding Personality/Event Analyst. Despite his uncertain future in broadcasting, Olsen expressed his love for talking football and studying the game. Moving to the Fox No. 2 team with Joe Davis, Olsen's pay is expected to decrease significantly while Brady earns $37.5 million. The article highlights the challenges Fox faces after prioritizing a big name over proven talent, setting up a comparison between Olsen and Brady's broadcasting performances. It remains to be seen how their careers will unfold and how they will be perceived in the industry moving forward.
Source: YAHOO
Reported 10 months ago
Target's earnings for the first quarter fell short due to inflation impacting US households, with executive Brian Cornell attributing challenges to inflation in food and household essentials. Sales trends are normalizing in categories with eased inflation, but the strain was most felt in physical stores where traffic and transactions declined. Target shares dropped nearly 8% following the results, prompting the company to plan business conservatively for the rest of the year. To compete with Walmart, Target announced a plan to reduce prices on 5,000 items. Key figures included a 3.1% year-over-year decrease in net sales, a gross profit margin increase to 27.7%, and diluted EPS down 1% to $2.03.
Source: YAHOO
Reported 10 months ago
The article discusses three under-the-radar stocks that could benefit from the AI boom, aside from Nvidia. Quanta Services (NYSE: PWR) is highlighted for its role in building the necessary infrastructure for AI, Bloom Energy (NYSE: BE) for its clean power solutions and hydrogen technology, and Brookfield Renewable (NYSE: BEPC, BEP) for its renewable energy projects that support the energy needs of AI data centers. These companies are seen as potential beneficiaries of the AI trend due to their involvement in critical aspects of the industry.
Source: YAHOO