Investors poured into tech stocks at one of the fastest clips of the year a day after the Federal Reserve cut its benchmark interest rate for the first time since 2020.Led by a 7.4% gain in shares of Tesla and a 4% jump in Nvidia, the Nasdaq rose 2.5% on Thursday, its fourth-sharpest rally of 2024. The biggest gain of the year for the tech-heavy index was a 3% increase on Feb. 22.Lower interest rates tend to benefit tech stocks because reduced borrowing costs and bond yields make risky bets more attractive. In addition to the central bank’s half-point reduction,…
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John Donahoe, CEO of Nike, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 10, 2024.Brendan Mcdermid | ReutersNike on Thursday announced that its CEO John Donahoe is stepping down and company veteran Elliott Hill is coming out of retirement to take the helm of the sneaker giant.Donahoe, who has been Nike’s CEO since Jan. 2020, will retire from his position on Oct. 13. Hill is slated to take over on the following day. Donahoe will stay on as an advisor through the end of January.Shares…
Elon Musk, left, and Brazil Supreme Court Justice Alexandre de Moraes.Reuters (L) | Getty Images (R)Elon Musk’s X faces steep daily fines in Brazil for allegedly evading a ban on the service there, according to a statement from the country’s supreme court Thursday.The fines imposed by Brazil’s supreme court amount to $5 million in Brazilian reals, about $920,000, a day. The court said it would continue to impose “joint liability” on Starlink, the satellite internet service owned and operated by SpaceX, Musk’s aerospace venture.The suspension of X in Brazil was initially ordered by the country’s chief justice, Alexandre de Moraes, at…
Kylie Minogue has announced a new album and 2025 world tour in support of her latest album, Tension. The pop star will roll out Tension II, a brand new collection of 13 songs, on October 18 via BMG. Joining Minogue on the upcoming LP are Sia, Orville Peck, Diplo, the Blessed Madonna, Bebe Rexha, and Tove Lo. Its lead single “Lights Camera Action” doesn’t come out until September 27, but you can check out the tracklist below in the meantime.Next year, Minogue will bring her world tour to Australia, Asia, and the U.K., with more dates in North and South…
Lebanon’s leadership warned that the risk of further violence and escalation is extremely high following two days of attacks involving exploding communications devices across the country.The next 48 hours, ministers told CNBC on Thursday, will be particularly dangerous.On Tuesday and Wednesday, thousands of communications devices — including pagers and two-way radios — used by members of Iran-backed Lebanese militant group Hezbollah exploded in an apparent widespread act of sabotage, killing at least 37 people and injuring at least 3,000 more.Hezbollah called the act an “Israeli aggression”; Israel, meanwhile, has not commented on the blasts. Iran’s ambassador to Lebanon, Mojtaba Amani,…
What’s the story behind the story? What inspired you to write Song of a Stranger? As with all my books, I start with some kind of scene in my head. It could be a conversation between two people that sets it off, or in the case of Song of a Stranger, a teacher receiving an email from a Japanese film-star asking for his help, and I go from there and see where it takes me. What’s your favorite genre to read? Is it the same as your favorite genre to write? When it comes to fiction, I read a mix…
It seems like we’re all cooking more at home these days. And the good news is that most home cooks can get by with just a few essential knives. You don’t need a dozen different specialty blades. But the knives you do use on a daily basis need to be cared for properly. Especially if you want them to work well for you. Treat them right and you’ll maximize your output while minimizing the chances of injury. Here are the most basic dos and don’ts when it comes to how to care for your knives. Professional knifesharpening steel,$12.99 by Allwin…
A feature about the life of Queen Latifah is in the works as the first in a slate of independently financed hip-hop biopics hailing from Flavor Unit Entertainment, Westbrook Studios and Jesse Collins Entertainment. The film will follow the ascension of Latifah as the performer became a rapper, singer and actress who has won Emmy, Grammy and Golden Globe awards. HarbourView Equity Partners is financing this film, in addition to future biopics that also will spotlight iconic hip-hop performers. It has not yet been announced who will be writing or directing the Latifah project. Producers for the film include Latifah and Shakim…
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China.CNBC | Evelyn ChengHEFEI, China — There’s yet another Chinese electric car aiming to undercut Tesla, with a steeper discount.Onvo, the lower-priced brand launched by premium electric car company Nio, announced its first car, the L60 SUV, would start as low as 149,900 Chinese yuan ($21,210) when buying battery services via a monthly subscription, starting at 599 yuan. That’s the equivalent to just over $1,000 a year for “renting” the battery.A model with the battery and the car starts at 206,900 yuan. Deliveries…
Tori Spelling recently opened up about the 90210 Reboot that debuted in 2019. Along with many of her Beverly Hills, 90210 costars, Tori made a comeback to the small screen. However, many of the other people on the show had regrets when it came to reprising their roles. What did Tori have to say about the experience? Keep reading to find out. Tori Spelling Has No Regrets Many people are currently watching Tori Spelling compete in Dancing With The Stars this season, but fans know her from the original Beverly Hills, 90210. She acted alongside Shannen Doherty, Jennie Garth, Luke Perry, and Jason Priestly,…
Huawei Watch GT 5 Pro was unveiled at the company’s MatePad series tablet launch event in Barcelona on Thursday. The latest wearable comes in 46mm and 42mm size options featuring a titanium alloy and a ceramic body, respectively. The Huawei Watch GT 5 Pro has an IP69K certification. It boasts an AMOLED screen and offers more than 100 sports modes. The Huawei Watch GT 5 Pro is touted to provide up to 14 days of battery life in normal use.Huawei Watch GT 5 Pro PricePrice of the Huawei Watch GT 5 Pro starts at EUR 330 (roughly Rs. 34,000). The 46mm…
Researchers assessed the efficacy of 17 drugs for treating migrainesfizkes/Shutterstock An underused category of drug appears more effective for managing migraine-related symptoms than newer, costlier medications, according to a sweeping review of clinical trials. Despite being designed specifically to treat migraine episodes, triptan drugs are used in less than 22 per cent of migraine cases. Providing that patients have no medical conditions that preclude their use, such as cardiovascular disease, the results suggest people should consider low-cost triptans as a first-line treatment for migraine relief, says Andrea Cipriani at the University of Oxford. “It’s not a bad idea to pull…
A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois.Scott Olsen | Getty ImagesDarden Restaurants on Thursday reported weaker-than-expected quarterly earnings and revenue as sales weakened at Olive Garden and its fine dining restaurants.”While we fell short of our expectations for the first quarter, I firmly believe in the strength of our business,” CEO Rick Cardenas said in a statement. “I am confident in the actions all our brand teams are taking to address their guests’ needs, which do not compromise the long-term health of our business for short-term benefits.”Shares of the…
WNBA expansion team coming to Portland in 2026.Source: WNBAThe WNBA is adding its 15th team in Portland, the third new franchise as part of its most recent expansion, the league announced Wednesday.The Portland team, which was not named in a WNBA release, will begin play in 2026 and will be owned and run by RAJ Sports, an investment firm specifically focused on sports. Lisa Bhathal Merage will be the controlling owner and governor.”As the WNBA builds on a season of unprecedented growth, bringing a team back to Portland is another important step forward,” said WNBA Commissioner Cathy Engelbert in a…
Gwen Stefani has announced her new album ‘Bouquet’ – her first album in seven years. The No Doubt singer took to Instagram to share the news, where she posted the caption: “My fifth studio album, ‘Bouquet’, will be in full bloom on November 15th”. She also shared the first single from the album ‘Somebody Else’s’ will arrive tomorrow (September 20). Other exciting tracks on the tracklist includes album closer ‘Purple Iris’, which is set to feature a duet with her husband Blake Shelton. It will be Stefani’s fifth studio album and first new music in seven years. She last released…
U.S. Vice President Kamala Harris in Milwaukee, Wisconsin, U.S. August 20, 2024 and former U.S. President Donald Trump in Bedminster, New Jersey, U.S., August 15, 2024 are seen in a combination of file photographs. Marco Bello | Jeenah Moon | ReutersFederal Reserve Chair Jerome Powell suggested that Wednesday’s larger-than-expected interest rate cut may have a limited effect on the presidential race between Vice President Kamala Harris and Donald Trump, because the decision’s impacts will ripple into the economy slowly.”The things that we do really affect economic conditions for the most part with a lag,” Powell said at his press conference, responding…
This content contains affiliate links. When you buy through these links, we may earn an affiliate commission. Book Riot Managing Editor Vanessa Diaz is a writer and former bookseller from San Diego, CA whose Spanish is even faster than her English. When not reading or writing, she enjoys dreaming up travel itineraries and drinking entirely too much tea. She is a regular co-host on the All the Books podcast who especially loves mysteries, gothic lit, mythology/folklore, and all things witchy. Vanessa can be found on Instagram at @BuenosDiazSD or taking pictures of pretty trees in Portland, OR, where she now…
Launching on Disney+ on Wednesday, September 18th with its first two episodes, ‘Agatha All Along’ looks to bring Marvel’s TV output back to a better level of success after some recent stumbles.On the evidence of the first two episodes –– four were provided to the press, but we’ll refrain from going too deeply into the others since they’re further out from release –– the first spin-off from ‘WandaVision’ will be an intriguing, magical and sometimes musical ride anchored by an ever-fantastic Kathryn Hahn. Read the original article here