Reported about 1 year ago
G7 finance ministers met in Italy to discuss pulling forward earnings from frozen Russian assets to support Ukraine's war effort and address China's export strength. The ministers are considering ways to utilize around $300 billion in Russian financial assets, with the U.S. proposing a loan that could provide $50 billion near-term. However, legal and technical aspects need clarification, and a detailed agreement is not expected immediately. Other topics on the agenda include global trade, taxation, and a proposal for a global wealth tax on billionaires, with the U.S. resisting the latter.
Source: YAHOO
Reported about 1 year ago
China's major banks are encouraging branch managers to provide loans to state-owned companies purchasing unsold homes, showing support for the government's housing rescue plan. Industrial & Commercial Bank of China Ltd. and other state lenders are advising managers to lend against the bought properties as collateral, highlighting the urgency to tackle the nation's property crisis. The People’s Bank of China announced a program to release 300 billion yuan ($41.5 billion) in funding to aid state-owned firms in buying unsold homes, aiming to address the real estate sector's challenges.
Source: YAHOO
Reported about 1 year ago
The article discusses the decline of the African National Congress (ANC) in South Africa, once revered for its role in ending apartheid and promoting democracy. Over the years, the ANC has faced growing dissatisfaction due to unfulfilled promises, widespread corruption scandals involving officials enriching themselves, and internal infighting since Nelson Mandela's presidency. The upcoming national election on May 29 is anticipated to reflect a significant rejection of the ANC, potentially leading to a loss of its parliamentary majority for the first time and necessitating a coalition government.
Source: YAHOO
Reported about 1 year ago
The Reserve Bank of New Zealand kept interest rates unchanged at 5.5% but signaled that policy will need to remain tight for longer to combat stubborn inflation, with cash rate cuts now expected to start later in the third quarter of 2025 instead of the second quarter. The central bank is finding it challenging to bring inflation back to target levels despite the country being in a recession, leading to expectations of rate cuts later this year or in the first or second quarter of next year by some economists. Governor Adrian Orr indicated that a rate hike was a real consideration at the recent meeting, emphasizing the Committee's limited tolerance for inflation surprises. The New Zealand dollar surged almost 1% after the decision before settling at a 0.4% gain on the day at 61.19 US cents.
Source: YAHOO
Reported about 1 year ago
The Boston Celtics won a dramatic Game 1 against the Indiana Pacers in the Eastern Conference finals, with Jaylen Brown hitting a game-tying 3-pointer and Jayson Tatum sealing the victory in overtime. Despite some mistakes and meltdowns, the Celtics managed to come out on top, led by Jrue Holiday's standout performance. The game was filled with chaos and uncertainty, but ultimately Boston passed their first real test of the playoffs.
Source: YAHOO
Reported about 1 year ago
Nvidia's upcoming earnings report is set to test the U.S. stock market's record run, with its shares up 90% this year and now ranking as the third-largest U.S. company by market value. Nvidia's performance is seen as a barometer for the AI industry, impacting broader markets due to its chips being the gold standard in AI. The company's strong results could influence the stock prices of AI-related companies, with options markets implying an 8.6% share price move in either direction. Investors are looking for Nvidia to meet high expectations in its earnings report, which could have a significant impact on market sentiment and valuations.
Source: YAHOO
Reported about 1 year ago
Indiana Pacers coach Rick Carlisle took full responsibility for the team's Game 1 loss against the Boston Celtics in the Eastern Conference finals, admitting his errors in crucial moments. Despite playing well, the Pacers made costly mistakes such as turnovers and a missed timeout that led to Boston's victory. Carlisle acknowledged the need to clean up these areas and emphasized the team's resilience moving forward in the series.
Source: YAHOO
Reported about 1 year ago
World Tarot Day 2024 is on May 25th, celebrating the Tarot as a tool for spiritual guidance and personal growth. Founded in 2003 by Deb Elder, the day is marked by classes, parties, and gatherings centered around the 78-card deck. Each zodiac sign receives a special reading for the occasion, with messages ranging from emotional realignment for Aries to financial opportunities for Leo and decision-making for Virgo.
Source: YAHOO
Reported about 1 year ago
During a game between the New York Yankees and the Seattle Mariners, Yankees' pitcher Clarke Schmidt believed he tipped his pitch to Mariners' Dylan Moore, who hit a two-run homer to secure a 6-3 victory for Seattle. Schmidt acknowledged the possibility of tipping pitches as part of the game and mentioned making adjustments after reviewing video footage. Despite the loss, Schmidt maintained a positive attitude and expressed a determination to continue improving and adapting throughout the season.
Source: YAHOO
Reported about 1 year ago
Bitcoin derivatives are indicating a surge above $73,000, with the cryptocurrency approaching its all-time high of $71,926 on May 21 after a 13.80% increase in the past week. This rise is attributed to optimism regarding the potential approval of a U.S. spot Ethereum exchange-traded fund and a general market trend seeking protection against inflation. The approval odds for an Ethereum ETF were raised to 75% after the U.S. Senate overruled the SEC's Bulletin 121, prompting a regulatory shift. Bitcoin derivatives show a moderately bullish sentiment, with a 14% futures premium and a -8% options market skew, indicating a healthy market sentiment despite the price surge.
Source: YAHOO
Reported about 1 year ago
In a loss to the Mariners, Yankees manager Aaron Boone admitted to making a mistake by bringing in Clayton Andrews, a lefty with limited major league experience, to pitch in the eighth inning. Andrews gave up a home run on his first pitch, leading Boone to acknowledge that he should have brought in Caleb Ferguson instead. Despite the bullpen struggles, Boone also attributed the loss to a late offensive start and the team's first back-to-back losses since late April. Andrews was subsequently sent back to Triple-A to make room for the expected return of Tommy Kahnle.
Source: YAHOO
Reported about 1 year ago
Source: WSJ
Reported about 1 year ago
The San Francisco Giants squandered numerous chances before suffering a brutal collapse against the Pittsburgh Pirates, losing 7-6 in 10 innings despite holding a four-run lead entering the ninth inning. Despite positive performances like Matt Chapman and Thairo Estrada's homers, Marco Luciano's multi-hit game, and Logan Webb's strong pitching, the Giants struggled to capitalize on opportunities throughout the game, going 1-for-12 with runners in scoring position. The collapse overshadowed their chances to put the game away earlier, ultimately leading to a disappointing loss at the start of a road trip.
Source: YAHOO
Reported about 1 year ago
Source: BARRONS
Reported about 1 year ago
In Game 1 of the Eastern Conference finals, the Boston Celtics staged a comeback to defeat the Indiana Pacers in overtime with a score of 133-128. The pivotal moment came when Jaylen Brown hit a clutch 3-pointer in the final seconds of regulation to tie the game. Despite a strong offensive performance, turnovers plagued the Pacers, ultimately costing them the game as the Celtics took a 1-0 series lead. Boston's stars, including Jayson Tatum and Jrue Holiday, delivered standout performances to secure the victory.
Source: YAHOO
Reported about 1 year ago
Global hedge funds have increased their holdings of Chinese equities for a fourth consecutive week, aligning with other investors aiming to capitalize on the market's rebound. The surge in Chinese stocks, driven by Beijing's economic measures and positive macro data, has led to hedge funds buying Chinese stocks in seven of the last eight weeks. Despite concerns about economic challenges, some hedge funds are leveraging call options to benefit from potential gains. China's market performance has outpaced major markets in 2024, with Hong Kong's Hang Seng Index up significantly. Goldman Sachs has raised price targets for MSCI China and China's CSI 300 Index, indicating optimism.
Source: YAHOO
Reported about 1 year ago
In the 1970s, a witness claimed that Ozzy Osbourne was seen dancing and howling among gravestones near Rockfield Studios in south Wales. Tiffany Murray, daughter of Rockfield’s former resident, recalled the incident and mentioned how Osbourne scared her but later made amends by gifting her toys. Osbourne, who recently underwent spinal surgery, expressed his readiness to tour again and mentioned his desire to release one more album before retiring. Additionally, his wife Sharon revealed plans for two final concerts in Birmingham as a farewell to fans.
Source: YAHOO
Reported about 1 year ago
49ers quarterback Brock Purdy has maintained his humble demeanor despite his rising celebrity status in the NFL, participating in various offseason events while staying grounded and approachable to fans. Teammate Nick Bosa noted Purdy's increased vocal presence in football matters but emphasized his unwavering humility and likens him to PGA Tour player Scottie Scheffler. As Purdy continues to embrace his newfound fame, the 49ers organization and fans can expect him to remain level-headed and focused on the game.
Source: YAHOO
Reported about 1 year ago
A mother in North Carolina has filed a lawsuit against Charlotte Hornets player LaMelo Ball and the team, alleging that Ball ran over her 11-year-old son's foot with his car at a fan event last fall. The incident occurred when the son asked for an autograph and Ball allegedly accelerated his vehicle, breaking the boy's foot. The lawsuit claims negligence on Ball's part for failing to yield to a pedestrian and on the Hornets for not providing adequate security measures. Ball, who appeared in 22 games last season due to an ankle injury, will enter the first year of a five-year, $204 million contract extension with the team.
Source: YAHOO
Reported about 1 year ago
The article discusses a situation where a woman is concerned about her ex-husband potentially changing the beneficiary on his $250,000 life insurance policy, which she is currently named on. The woman expressed doubts about her ex-husband's reliability due to his past behavior of infidelity and financial irresponsibility. The article explains the importance of the divorce decree in determining the beneficiary of such policies, mentioning that some states have laws automatically removing an ex-spouse as a beneficiary after divorce. It advises seeking legal counsel to navigate potential disputes over life insurance beneficiaries.
Source: YAHOO
Reported about 1 year ago
Despite being replaced by Tom Brady as Fox Sports' top NFL color commentator, Greg Olsen won the Sports Emmy for outstanding personality, event analyst. Olsen, who is expected to join Fox's No. 2 team with Joe Davis, acknowledged the awkward situation in his acceptance speech and expressed his love for talking football, hinting at his uncertain future in the industry. Olsen's rise in 2022 was unexpected, and even with strong reviews, Fox signed Brady to replace him in the future. Olsen's speech suggests he may be open to other top analyst opportunities if they arise.
Source: YAHOO
Reported about 1 year ago
On Tuesday night, Pittsburgh Pirates' shortstop Oneil Cruz made history by recording three hits with exit velocities above 115 mph, a feat never achieved before in the Statcast era. His impressive performance, including a 121.5 mph double in the ninth inning that forced extra innings and set up the Pirates for a walk-off win, solidified his place as the first player to achieve multiple hits over 120 mph in a single night. Cruz's outstanding hitting helped lift the Pirates past the San Francisco Giants, with the team now holding a 23-26 record and ranking third in the NL Central standings.
Source: YAHOO