Recent findings from a UBS Investor Sentiment Survey found that 60% of global investors and 68% of U.S. investors are optimistic on the economy. UBS Global Wealth Management Head of Americas Investment Strategy Michael Crook joins Yahoo Finance’s Seana Smith and Dan Roberts to discuss on The First Trade.
Airbnb's profit more than doubled last quarter, but management's disappointing revenue forecast sparked a roughly 7% drop fort its stock in after-market trading Wednesday. Earnings growth was partly driven by a shift in the Easter holiday, which fell during the second quarter in 2023 versus the first quarter this year. Airbnb projected revenue in the second quarter between $2.68 billion and $2.74 billion.
Illinois Democrats have changed the way candidates for the General Assembly get on the ballot. Republicans are complaining that they changed the rules mid-game. The Legislature's majority party speedily made the change last week by introducing the proposal, shepherding it through votes of approval by the House and Senate and securing the governor's signature within 30 hours.
Two grey kits are getting the care they need to return to the wild after they were found and mistaken for kittens by a Phoenix resident in late April.
Some customers of the failed cryptocurrency exchange FTX could receive the full value of the money they lost if a court approves the company's bankruptcy plan.
Mexican telecommunications company Megacable said on Wednesday it executed a successful long-distance optical transmission test with Finnish telecom equipment supplier Nokia as it aims to scale up the capacity of its network. The transmission test reached 1.1 Terabits per second (Tbps), Megacable said in a news release, calling it "the first optical channel of this capacity to be implemented in an active network of a single operator in Latin America." Megacable, which provides pay TV, internet and telephone services in Mexico, has been working with Nokia to increase its long-distance data transmission speeds to interconnect its data centers for improved fiber optic connectivity to its users.
A bill seeking to officially define antisemitism in state law swiftly moved through the North Carolina House on Wednesday amid heated nationwide campus protests over the Israel-Hamas War. A nearly unanimous House passed the SHALOM Act, a week after the U.S. House voted to codify the same antisemitism definition into the Civil Rights Act of 1964. The act adopts the International Holocaust Remembrance Alliance's definition of antisemitism, which is outlined as “a certain perception of Jews, which may be expressed as hatred toward Jews.”
U.S. officials confronted the Chinese government in Beijing last month about a sweeping cyber espionage campaign through which Chinese hackers have broken in to dozens of American critical infrastructure organizations, a senior U.S. cyber official said. Under the campaign named Volt Typhoon, American officials say China aims to leverage the access it has gained into U.S. organizations in the event of a war or conflict - a nod to escalating U.S.-China tensions over Taiwan. "We have had direct conversations with the Chinese about it," Nathaniel Fick, U.S. ambassador at large for cyberspace and digital policy, told Reuters in an interview at the RSA Conference in San Francisco on Tuesday.
Eight were arrested in connection with a multi-million dollar retail theft ring in which medicines, cosmetics and other items were stolen and re-sold.
Israeli authorities destroyed around 50 homes belonging to Bedouins in the Negev desert on Wednesday, an AFP journalist reported, with Israel's far-right national security minister saying they were "illegal constructions".Before Israel's creation in 1948, the Negev desert was home to approximately 92,000 Bedouins.
The death toll from devastating floods that have ravaged southern Brazil for days surpassed 100 on Wednesday, authorities said, as the search for dozens of missing people was interrupted by fresh storms.In a rare dry spot in Porto Alegre's historic center, dozens of people gathered around a generator rented by a pharmacy on Wednesday to charge their cell phones.
Earlier this year, UnitedHealth, the largest U.S. health insurer, had reported a cyberattack at its technology unit - one of the worst hacks to hit American healthcare - that caused widespread disruptions in payments to doctors and health facilities. "Out of an abundance of caution we are recommending that business partners temporarily suspend the connection to the Ascension environment," the healthcare network said in a statement.
European stocks advanced Wednesday, with London striking another record, driven by hopes of interest rate cuts while Wall Street finished mixed on another day without major macroeconomic news.- Optimism - "European stocks are rising on optimism that borrowing costs will soon be lowered," City Index analyst Fiona Cincotta told AFP, noting that Frankfurt's DAX was also near its record.
Beyond Meat reported higher-than-expected revenue in the first quarter despite lower demand for its plant-based meats in the U.S. and abroad. The El Segundo, California-based company said its revenue fell 18% to $75.6 million in the January-March period. U.S. retail and food service sales were both down 16%.
Houston’s police chief unexpectedly retired from the force Tuesday night amid questions about a department policy that allowed hundreds of thousands of cases to be suspended, including sexual abuse cases, according to the mayor’s office.
Alabama has scheduled a second execution with nitrogen gas, months after the state became the first to put a person to death with the previously untested method. Alabama Gov. Kay Ivey set a Sept. 26 execution date for Alan Eugene Miller, who was convicted of killing three men during a 1999 workplace shooting. The execution will be carried out by nitrogen gas, the governor's office said.
The former interpreter and longtime friend of MLB megastar Shohei Ohtani has agreed to plead guilty to illegally transferring almost $17 million from the Los Angeles Dodgers star’s bank account, according to a news release from the US Department of Justice.
Rivian reported mixed quarterly results for the first quarter, but will see further cost savings from shifting its upcoming R2 production to its Normal, Ill., plant and trimming its capital expenditure forecast.
Dietitians share how to order a healthy drink at Starbucks, plus their top 7 options on the menu.
Police forcibly cleared an encampment of pro-Palestinian protesters at George Washington University in the US capital on Wednesday, arresting dozens in the latest clash with students demonstrating over the Israeli offensive in Gaza.Police have warned that law enforcement will not allow a new encampment to be set up at George Washington University.
Armenia's prime minister visited Moscow and held talks Wednesday with Russian President Vladimir Putin amid spiraling tensions between the estranged allies. Putin hosted Nikol Pashinyan for talks following a summit of the Eurasian Economic Union, a Moscow-dominated economic alliance.
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