The chip industry is sorting through the production fallout from Tuesday’s magnitude 7.4 earthquake in Taiwan, the island’s strongest temblor in 25 years. U.S. semiconductor manufacturers remain highly reliant on Taiwan-based chip factories. Early indications suggest the damage to Taiwan-based chip factories from the earthquake were modest.
Warner Bros. Discovery could lose its NBA media rights package.
Minor league infielder Keiner Delgado was traded from the Yankees to the Pittsburgh Pirates on Tuesday as the player to be named in the March 29 deal that brought pitcher JT Brubaker to New York. The 20-year-old Delgado signed with the Yankees for a $100,000 bonus in 2021 and hit .293 with eight homers, 31 RBUs and 36 stolen bases last season for the Florida Complex League Yankees. Brubaker, Pittsburgh’s opening-day starter in 2022, missed last season after Tommy John surgery in April 2023 and the 30-year-old right-hander is still recovering.
Invitation Homes, which rents out single family homes in the U.S., missed Wall Street estimates for first-quarter funds from operations (FFO) per share on Tuesday, as fixed expenses including property tax rose year-on-year. While high demand for single-family rentals amidst increasing barriers to homeownership has allowed the company to hike rental rates, fixed costs such as property management expenses have also risen in an inflationary environment. Meanwhile, the company is experiencing higher same-store property tax rates in its key markets, Florida and Georgia, which is further putting pressure on profits.
The cost to produce potash from a mine being developed in the Brazilian Amazon will be similar to Russia's and lower than in No. 1 producer Canada, said the CEO of Brazil Potash Corp, citing a third-party assessment used in a company presentation. The economics of the project -- which faced a protracted licensing process involving multiple government agencies and Indigenous consultations -- has drawn analysts' attention after the price of potash fell sharply from highs above $1,000 per metric ton amid the threat of sanctions against Russia and Belarus in 2022, compared to the current level just above $300. That, and new mining projects emerging in Canada and Laos, would likely keep a lid on prices, they said.
US equities (^GSPC, ^DJI, ^IXIC) are sliding as the market wraps up the worst month of the year so far. The market is pricing in new labor data which came in hotter-than-expected while many on Wall Street await the Federal Reserve's next interest rate policy decision coming out of its two-day meeting this week. Yahoo Finance Reporter Alexandra Canal joins Market Domination Overtime to break down the top takeaways from the trading day on April 30. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
Key Insights TPG Telecom's estimated fair value is AU$3.42 based on Dividend Discount Model TPG Telecom is estimated to...
The energy sector (XLK) has continued to outperform throughout 2024. Alpine Saxon Woods Chief Market Strategist Sarah Hunt and CFRA Energy Equity Analyst and Deputy Research Director Stewart Glickman join Market Domination to share insight on navigating this sector. Glickman emphasizes that investors looking to capitalize on the energy sector should first consider their outlook for crude oil prices. He believes that with crude oil prices are expected to average between $80 and $90 per barrel in 2024: "In that kind of environment, you want to be positioned in upstream," the analyst tells Yahoo Finance. He recommends exploring names like Exxon (XOM), citing "a lot of growth potential." With an uptick in mergers and acquisitions (M&A) activity throughout the sector, Glickman notes that the "common theme" is exposure to the Permian Basin, a trend he believes is "likely to persist." Hunt acknowledges that supply and demand issues have been a headwind for the sector since the pandemic. However, with an "energy transition underway" she remains bullish on energy "from a longer-term perspective." She also highlights the significant consolidation within the sector, with companies combining forces to boost operations and enhance their competitive edge. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Adam Driver, Ricky Martin, Rosalía and Salma Hayek - plus husband Javier Bardem, of course - were also among the guests at Cruz's star-studded bash
Amazon beat Wall Street forecasts for profit and revenue in the first quarter as advertising continued to grow at a healthy clip. Net income increased to 98 cents per share on a diluted basis, up from 31 cents in the year-ago quarter. Total revenue reached $143.3 billion, up 13%. Advertising services, a category that includes …
MIDLAND, TX, April 30, 2024 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE American: MXC) announced today that its Board of Directors declared a regular annual cash dividend of $0.10 per common share. The dividend is payable June 4, 2024 to the stockholders of record at the close of business on May 21, 2024. The Company’s Board of Directors also authorized the use of up to $1,000,000 to repurchase shares of the Company’s common stock, par value $0.50, for the treasury account. This authoriza
Amazon on Tuesday reported strong results for the first quarter, driven by growth in its cloud-computing unit and a new surge of advertising dollars from its Prime Video streaming service. “It was a good start to the year across the business, and you can see that in both our customer experience improvements and financial results,” Amazon CEO Andy Jassy said in a statement. Amazon held another discount event in late March, right before the end of the first quarter.
The couple said "I do" in a jazzy, NOLA-style ceremony on April 20 at the historic Napoleon House
London, England, April 30, 2024 (GLOBE NEWSWIRE) -- With many investments and people becoming interested in digital assets such as Bitcoin, it is no surprise that the crypto market is still growing strong. To be able to move around this wild environment, traders and investors are using more advanced tools than ever before. Institutional funds have become captivated by Bitcoin’s meteoric rise to almost $60,000 and this has also prompted big corporations to include crypto into their financial stra
NEW YORK, April 30, 2024--Link Logistics ("Link" or the "Company"), a leading operator of last-mile logistics real estate, today provided an update on the Company’s first quarter 2024 activity. The Company owns, has interests in or has under development properties that upon completion will represent a total of 533 million square feet and is currently the largest U.S.-only operator of logistics real estate. Link Logistics’ operating portfolio is 94.6 percent leased on a same-store basis. The Comp
Advanced Micro Devices (AMD) shares pull back further after Tuesday's market close as the chip company posts a narrow first-quarter earnings beat: $5.5 billion in revenue against expectations of $5.45 billion, adjusted earnings of $0.62 per share against expectations of $0.61. Yahoo Finance's Julie Hyman and Josh Lipton break down the chip giant's quarterly results, highlighting the company's second-quarter guidance and CEO Lisa Su's comments on growth in particular segments such as data centers. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
Keith Davidson, former lawyer for Stormy Daniels and Karen McDougal, testifies about details of hush money agreements
NEW YORK, April 30, 2024--Financial Guaranty Insurance Company ("FGIC") announced it has launched a process for beneficial owners of certain FGIC-insured instruments and units ("Owners") to join the Transaction Support Agreement, dated February 29, 2024, among FGIC and holders of certain FGIC-insured instruments and units (the "TSA"), and become eligible to receive an early joinder fee thereunder (the "Early Joinder Fee").
Pinterest stock jumped late Tuesday, after the social media company reported Q1 results that easily beat views.
Crocs' latest collaboration is with Anheuser-Busch beer brand Busch Light on all-terrain sandals and clogs for outdoor wear.
MINNEAPOLIS, April 30, 2024 (GLOBE NEWSWIRE) -- Nuwellis, Inc. (Nasdaq: NUWE), a medical technology company focused on transforming the lives of people with fluid overload, today announced that it will release financial results for the first quarter of 2024 on Tuesday, May 7, 2024. Nuwellis will host a conference call and webcast at 9:00 AM ET to discuss its financial results and provide a general business update. To access the live webcast, please visit the Investors page of the Nuwellis websit
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