Pelican Press

Mushroom-tripping hikers mistakenly report a companion's death, officials say – NBC News Mushroom-tripping hikers mistakenly report a companion's death, officials say – NBC News Mushroom-tripping hikers mistakenly report a companion’s death, officials say NBC NewsHikers’ report of companion’s death turn out to be greatly exaggerated CBS NewsCascade hikers lose party member while tripping, on mushrooms Adirondack ExplorerNew York hikers called cops thinking their friend died on a trail – but they were just high on mushrooms: authorities New York PostLost Hikers on Mushrooms Call Police to Report Alive Friend’s Death People.com Source link #Mushroomtripping #hikers #mistakenly #report #companion039s #death #officials #NBC #News Pelican News View the full article at [Hidden Content]

Abercrombie & Fitch: Is the Stock a Buy After Blowout Quarter and Raised Forecast? Abercrombie & Fitch: Is the Stock a Buy After Blowout Quarter and Raised Forecast? Clothing retailer Abercrombie & Fitch (NYSE:) blew away earnings estimates with a record quarter, propelling the stock 14% higher. The retailer generated net sales of $1.1 billion in the quarter, a record for the first quarter. It not only topped its own outlook but was better than the $1.06 billion estimate by Wall Street analysts. Net income dropped 29% year-over-year to $81.7 million, or $1.59 per share. However, this crushed Wall Street estimates of $1.36 per share. Earnings were lower year-over-year on significantly higher cost off sales, which rose 18% to $417 million, and selling expenses, which increased 15% to $400 million. “For the first quarter, we delivered record net sales of $1.1 billion on growth of 8% to last year, above our expected range of 4% to 6%. Operating expense leverage partially offset lower gross margin and marketing investment, resulting in an operating margin of 9.3% and earnings per share of $1.59 for the quarter, both above the ranges we provided in March,” Fran Horowitz, CEO, said on the earnings call. Hollister Brand Drives Sales In the first quarter, the revenue increase was driven by a huge increase in sales for its Hollister brand. Hollister sales jumped 22% to $549 million, with comparable store sales rising 23%. The Abercrombie brand saw sales decline 4% in the quarter to $548 million, with comparable store sales down 10%. For Hollister, it was the eighth straight quarter of year-over-year growth. “Growth was balanced across genders and categories with strength in fleece, jeans, and skirts. Cross-channel traffic was strong in the quarter, and we continue to ramp marketing investment year over year to support growth,” Horowitz said on the call. Also, sales in the EMEA region grew 12% to $185 million, while U.S. growth was 7% to $875 million. In the APAC region, sales increased 5% to $37 million. Outlook Must Factor in Tariffs Factoring in 10% tariffs across the board and 30% tariffs for China, Abercrombie & Fitch altered its outlook somewhat. It actually increased its sales expectations for the full fiscal year to 3% to 6% growth, up from the previous 3% to 5% growth. However, it lowered its operating margin range to 12.5% to 13.5%, from the previous 14% to 15%. It also reduced its net income per share to $9.50 to $10.50, from the previous $10.40 to $11.40. Also, it still plans to have 40 new stores, with 60 opening and 20 closures, and 40 remodels, with capital expenditures remaining at $200 million. Tariffs are projected to have a $50 million cost impact on the company, net of mitigation efforts. That is anticipated to reduce the full year operating margin by roughly 100 basis points, thus the reduced guidance. “Globally, we remain nicely diversified across 16 countries, Horowitz said on the call. “We’ve been leveraging our agile playbook to build a list of mitigation strategies with our primary focus on the combination of supply chain footprint changes, vendor negotiations, and operating expense efficiencies.” The sourcing volume from China, specifically, will be low-single digits, as the company has worked to relocate resources of supply. Is the Stock a Buy? It’s a little unusual that Abercrombie & Fitch stock had its best day in two years, according to Barron’s, based on this report. But, the stock is dirt cheap, with a P/E of 7, as the stock has nosedived 41% year-to-date. So, it appears that investors were buying low. But the stock has been a perennial winner. With a 5-year annualized return of 42% and a 10-year annualized return of 16%, investors know this specialty retailer has a track record of success – and the solid report and cheap price were too good to pass up. The stock has a median price target of $111 per share, which is up 27% from the current price of about $88 per share. It may not be the best time to jump on board, especially with today’s run-up and a somewhat blurry outlook, clouded by tariffs. Original Post Source link #Abercrombie #Fitch #Stock #Buy #Blowout #Quarter #Raised #Forecast Pelican News View the full article at [Hidden Content]

Joshlin Smith’s mother, Kelly, jailed for kidnapping and selling her in South Africa Joshlin Smith’s mother, Kelly, jailed for kidnapping and selling her in South Africa A South African woman convicted of kidnapping and trafficking her six-year-old daughter has been sentenced to life in prison, along with her two accomplices. The jail terms for Racquel “Kelly” Smith, her boyfriend Jacquen Appollis and their friend Steveno van Rhyn’s come more than a year after Joshlin Smith mysteriously disappeared outside her home in Saldanha Bay, near Cape Town. Despite a highly publicised search for the girl, who vanished in February 2024, she is yet to be found. The sentencing follows a six-week trial that captivated South Africa, with witnesses and prosecutors making a number of shocking allegations. Source link #Joshlin #Smiths #mother #Kelly #jailed #kidnapping #selling #South #Africa Pelican News View the full article at [Hidden Content]

Hello Kitty Merch Match lets you collect adorable Sanrio merch in a messy match-3 pile, now in pre-registration Hello Kitty Merch Match lets you collect adorable Sanrio merch in a messy match-3 pile, now in pre-registration Collect three Sanrio items of a kind to clear the board Lots of Hello Kitty and Friends characters Now in pre-registration If, like me, you just can’t get enough of Sanrio, but if, also like me, you don’t have a limitless budget to spend on IRL merch, it seems Applibot Inc. has you and me covered. The aptly titled Hello Kitty Merch Match will let us collect Sanrio merchandise albeit in virtual form, because I need that Gudetama pouch in my life even though I already have far too many pouches and not enough money to put in them. In Hello Kitty Merch Match, you’ll collect over a thousand kinds of Sanrio-themed merch featuring your favourite Hello Kitty and Friends characters. You’ll find three of a kind among the messy pile to clear the board, with everything from My Melody mugs to Cinnamoroll calculators. What makes this so charming to me is that the visuals simply look adorable, and because they all feature a Sanrio coat of paint, it’s easy to see how this would be appealing to play especially on mobile. And speaking of Sanrio characters, it seems even the less popular ones are joining the fray too. It’s not just your standard Sanrio fare here – Pompompurin, Kuromi, Hangyodon and Bad Badtz-Maru included – but even the likes of Wish Me Mell and Kirimichan are here too. And for me, when you have a piece of sliced salmon in the mix, it’s bound to be a fabulous time. For now, if you’re on the hunt for something similar while you wait for the official launch, why not take a look at our list of the best match-3 games on Android to get your fill? In the meantime, if you’re eager to join in on all the fun, you can do so by pre-registering for Hello Kitty Merch Match on the App Store and on Google Play. It’s free-to-play with in-app purchases. You can also visit the official website for more info, or take a little peek at the embedded clip above to get a feel of the vibes and visuals. Source link #Kitty #Merch #Match #lets #collect #adorable #Sanrio #merch #messy #match3 #pile #preregistration Pelican News View the full article at [Hidden Content]

Great Southern farmer details gun law frustration Great Southern farmer details gun law frustration Mark Adams is among the hundreds of farmers at his wit’s end after trying to navigate the State Government’s new online portal to help gun owners comply with sweeping new changes to WA gun laws. The Woodgenellup farmer said he believed the laws were “unworkable” and would lead a lot of gun owners to be “classified as criminals” due to what he described as “totally unworkable regulation”. “It’s very time consuming and the process is incredibly convoluted and longwinded,” he said. He said the registration system failed to take into account the complex nature of many family farming operations. “Property ownership is in most cases in large family farms,” Mr Adams said. “This has been somewhat confusing in proof of ownership, as many land titles are held either in family trusts, superannuation portfolios and company holdings — to name a few. “The very simple titles held in a individual’s name are not common in large farming enterprise that may have multiple family and staff on farm with gun licences.” The online portal requires all land title ownership to be verified in order to obtain a primary producers registration, to use a gun on that title, to enable other family members to retain there current gun licence, or to allow other gun owners to shoot on that title. Mr Adams said it was also required to determine how many property letters the landowner could issue. “These letters are for trusted people, so they can retain there current gun licence… to carry out vermin control on our land like they have in the past,” he said. In a statement, WA Police said more than 7000 firearm owners had so far successfully created a new online portal account. It said owners having difficulties with the online system are encouraged to call the dedicated WA Firearms Hotline on 1300 894 474. Source link #Great #Southern #farmer #details #gun #law #frustration Pelican News View the full article at [Hidden Content]

Nvidia Rides the AI Supercycle With Another Beat – And Still Looks Underpriced Nvidia Rides the AI Supercycle With Another Beat – And Still Looks Underpriced Nvidia reported strong quarterly results, with the stock gaining 5% after-hours. Data centers led revenue growth while the gaming segment was up 42% year-on-year. Export restrictions in China caused $2.5 billion write-offs; risks remain. Looking for actionable trade ideas to navigate the current market volatility? Subscribe here to unlock access to InvestingPro’s AI-selected stock winners. NVIDIA Corporation (NASDAQ:) is usually the last of the big tech companies to report its quarterly results, and it followed that pattern again this time. The released after yesterday’s session were positive, as shown by the stock’s 5% gain in after-hours trading. Along with the results, Nvidia’s management also shared very optimistic comments, similar to last quarter. CEO Jensen Huang highlighted that their latest product, the Blackwell NVL72, puts Nvidia at the center of the global AI *****. He believes this trend will speed up even more, driving stronger demand. Despite some challenges with exports to China, this sets up a strong case for the stock to keep rising. Nvidia Extends Earnings Beat Streak Here are the key financial results for Nvidia’s first quarter of fiscal year 2026: Nvidia has now grown both its revenue and earnings per share every quarter for over two years, consistently beating market expectations — including this quarter. Looking closer at the numbers, data centers remain the company’s top revenue driver, bringing in $39.1 billion, a 10% increase from last year. The gaming segment also showed strong momentum. While it generated a much smaller $3.8 billion in revenue, that figure was up 42% year-on-year, a positive sign for future growth. On the strategic front, Nvidia announced plans to build factories in the US with its partners. These will form the core infrastructure for producing supercomputers powered by Nvidia’s top products. The company also said similar investments are planned in Saudi Arabia and the United Arab Emirates. China Export Restrictions Weigh on Outlook Alongside the positive news, there are also some challenges that weigh on Nvidia’s overall outlook. The biggest issue is the ongoing restrictions on selling advanced technology to China, one of Nvidia’s key markets. Last month, it was confirmed that selling H20 chips to China now requires special licenses. As a result, Nvidia had to write off $2.5 billion in unrealized sales. Looking ahead, losses are expected to increase. In the next quarter, the company may have to write down as much as $8 billion for similar reasons. Despite these headwinds, Nvidia has forecast revenue of around $45 billion for the upcoming quarter, with a margin of error of 2%. Nvidia Stock Technical Outlook In after-hours trading, Nvidia’s stock is hovering around $141 per share, a level where there is strong selling pressure. If the stock can break through this zone—which appears likely—it could move toward its all-time high near $152 per share. If Nvidia’s steep uptrend line is broken, it may not signal a full reversal of the long-term upward trend. However, it could lead to a pullback toward the support level around $122 per share. **** Be sure to check out InvestingPro to stay in sync with the market trend and what it means for your trading. Whether you’re a novice investor or a seasoned trader, leveraging InvestingPro can unlock a world of investment opportunities while minimizing risks amid the challenging market backdrop. Subscribe now and instantly unlock access to several market-beating features, including: ProPicks AI: AI-selected stock winners with a proven track record. InvestingPro Fair Value: Instantly find out if a stock is underpriced or overvalued. Advanced Stock Screener: Search for the best stocks based on hundreds of selected filters and criteria. Top Ideas: See what stocks billionaire investors such as Warren Buffett, Michael Burry, and George Soros are buying. Disclaimer: This article is written for informational purposes only. It is not intended to encourage the purchase of assets in any way, nor does it constitute a solicitation, offer, recommendation or suggestion to invest. I would like to remind you that all assets are evaluated from multiple perspectives and are highly risky, so any investment decision and the associated risk rests with the investor. We also do not provide any investment advisory services. Source link #Nvidia #Rides #Supercycle #Beat #Underpriced Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

I bought my mom’s house in Maine after getting priced out of California. We live a slow life together now, and I feel fulfilled. I bought my mom’s house in Maine after getting priced out of California. We live a slow life together now, and I feel fulfilled. Alyson Austin moved from California to Maine to both care for her mother and escape renting. She purchased her mother’s house, and she pays about half of what she paid for her California mortgage. She and her mother now live together and Austin runs her own public relations firm from Maine. This as-told-to essay is based on a conversation with Alyson Austin, a 56-year-old public relations professional from Wells, Maine. It has been edited for length and clarity. I was born in Maine but spent 18 years living and working in California as a corporate public relations employee. I bought a condo in Irvine, California, in 2007, but the mortgage payments exceeded my financial means. My mortgage was around $5,000 a month, and my high-rise building had an almost $1,000 monthly HOA fee. I sold the house in 2015 and started renting again. It was a devastating but necessary financial choice. The only way I was able to become a homeowner again was to move back to Maine and cohabitate with my mother. The pandemic made me rethink my priorities Five years into renting in California, COVID-19 was sweeping the nation, and social prohibitions were in effect. I started thinking about returning to Maine. My mother still lived there and was struggling greatly with this degree of isolation. She needed my help. I’m among the increasing number of people in the “sandwich generation” who are taking on parental obligations while also caring for their children, if they have them. I made the decision to move away from my friends in California after realizing that caring for my mother was my main responsibility. Fortunately, when I decided to relocate, I had already left my corporate position and launched my own public relations firm, so I could work from anywhere. After seven years of renting in California, I moved back to Maine I once again became eligible as a first-time homebuyer because I hadn’t owned a home in three years and got approved for first-time mortgage rates. Maine real estate was significantly less expensive than California real estate, and I was eager to become a homeowner once more. I decided the best route would be to buy my mother’s home from her and take on the expenses. She had been living there since 2005 and it needed repairs. My mortgage broker calculated the cost of the house and my expenses and recommended a 15-year mortgage. I was looking for a monthly loan payment of less than $3,000 a month, and I adhered to my budget, setting down the required 20% down payment. My mortgage is now around $2,400 a month. When buying a property, many people overlook costs like homeowners association fees, which can make homeownership unaffordable. Without that extra cost, I’ve been able to keep my spending under control. My mother and I now live in the home together We’ve maintained a close relationship for almost two decades, even though we lived across the country from each other. She’s independent and mobile. I drive her to appointments and do the housework. We share a bank account for incidentals like her medication and groceries. I manage the mortgage, heat, water, and all of the bills. Although I was worried about taking care of her full-time, it has been fulfilling to spend these years with her. I will seek expert assistance if she needs nursing care, which is not yet necessary, fortunately. My friends check in on me and inquire if I’m doing fine. Although I live a much slower pace of life than the majority of my peers, they understand and support my way of life and recognize my commitment to my mother. Read the original article on Business Insider Source link #bought #moms #house #Maine #priced #California #live #slow #life #feel #fulfilled Pelican News View the full article at [Hidden Content]

Sony says financial arm spin-off will secure fundraising capabilities Sony says financial arm spin-off will secure fundraising capabilities The logo of Japanese entertainment and electronics giant Sony is displayed at the company’s headquarters in Tokyo on May 14, 2025. Kazuhiro Nogi | Afp | Getty Images Sony’s CEO said on Thursday the spin-off of the financial services arm will secure that business its own fundraising capabilities. “It is significant that, through the spin-off, Sony (Financial Group) will secure its own fundraising capabilities while continuing to use the Sony brand and collaborate with Sony Group,” Sony CEO Hiroki Totoki said at an investor day. Sony plans to distribute just over 80% of its shares to Sony Financial Group, which includes banking and insurance, to shareholders through dividends in kind. It is the first partial spin-off by a company in Japan with a direct listing – the first in Japan in more than two decades – set for September 29. The business plans to repurchase shares totaling some 100 billion yen through to March 2027. Its origins date back to the late 1970s, when Sony co-founder Akio Morita moved to set up a life insurance business selling to consumers. In more recent years Sony sold off struggling hardware operations and focused on entertainment such as the PlayStation games business. More than 60% of the conglomerate’s profit came from its entertainment businesses last year. Source link #Sony #financial #arm #spinoff #secure #fundraising #capabilities Pelican News View the full article at [Hidden Content]

Nvidia beats Wall Street expectations even as Trump tamps down China sales | Technology Nvidia beats Wall Street expectations even as Trump tamps down China sales | Technology Nvidia beat Wall Street expectations in its quarterly earnings report on Wednesday, marking another in a string of financial wins for the computer hardware giant. It reported $44.1bn in revenue in the quarter ending in April, up 69% from the previous year. The company exceeded investors’ predictions of $43.3bn in revenue. Adjusted earnings per share came in at $0.81, under investor expectations of an adjusted earnings per share of 88 cents. The company also reported $39.1bn in data center revenue, up 73% from the year prior. The company is a bellwether for the business of artificial intelligence, both in its cutting-edge hardware and the new regulatory headwinds it is facing, and investors are watching closely. “Nvidia beat expectations again but in a market where maintaining this dominance is becoming more challenging,” emarketer analyst Jacob Bourne said. “The China export restrictions underscore the immediate pressure from geopolitical headwinds, but Nvidia also faces mounting competitive pressure as rivals like AMD gain ground on cost-effectiveness metrics for certain AI workloads.” The Nvidia CEO Jensen Huang said in a statement: “Global demand for Nvidia’s AI infrastructure is incredibly strong. Countries around the world are recognizing AI as essential infrastructure – just like electricity and the internet – and Nvidia stands at the center of this profound transformation.” The chipmaker said it expects to see $45bn in the second quarter of fiscal year 2026. Nvidia’s quarterly reports for the past year have shown explosive growth. The company faces increasing pressure from the US. Donald Trump’s April announcement that the administration was tightening export rules on computer chips effectively banned Nvidia from selling its H20 AI chips to China, a major source of revenue. “H20 products were designed primarily for the China market,” the company’s first quarter earnings report read. As a result, Nvidia said it expects to miss out on $8bn in revenue in the second quarter. Still, Huang seemed optimistic about Trump’s plans to allow companies to potentially export more limited capacity chips to China. “The president has a plan, he has a vision and I trust him,” Huang said. That said, Huang warned that missing out on the potential $50bn AI market in China risks US leadership in the global AI infrastructure race. “China is one of the world’s largest AI markets and a springboard to global success,” Huang said on the earnings call. “China’s AI moves on with or without US chips,” he said. “It has the compute to train or deploy an advanced model. The question is not whether China will have AI – it already does. The question is whether one of the world’s largest AI markets will run on American chips.” The company revealed in a recent SEC filing that the change would cost the company $5.5bn in charges. The company said it saw just $4.6bn in charges “associated with H20 excess inventory and purchase obligations as the demand for H20 diminished” in the first quarter. The charges came in at just under expectations because they were able to reuse some materials. In an interview with Ben Thompson, Huang said the move was “deeply painful” and could result in $15bn in revenue loss. In just the first quarter, the company was also “unable to ship an additional $2.5bn of H20 revenue”. skip past newsletter promotion A weekly dive in to how technology is shaping our lives Privacy Notice: Newsletters may contain info about charities, online ads, and content funded by outside parties. For more information see our Privacy Policy. We use Google reCaptcha to protect our website and the Google Privacy Policy and Terms of Service apply. after newsletter promotion “No company in history has ever written off that much inventory,” Huang said. “[N]ot only am I losing $5.5bn – we wrote off $5.5bn – we walked away from $15bn of sales and probably … $3bn worth of taxes.” The tightening rules on chip exports comes as the committee on China within the US Congress announced it was seeking answers from Nvidia about how its chips ended up powering breakthrough AI models in China, particularly DeepSeek, an AI company that matched the products of US AI companies without the same computing power. The committee has alleged in a new report that DeepSeek “covertly funnels American user data to the ******** ********** party, manipulates information to align with CCP propaganda, and was trained using material unlawfully obtained from US”. Analysts said they were encouraged by the company’s ability to deliver a robust quarter despite the issues with the US tightening its China export controls. “Even during a ******* of industry consolidation – with growing competition and geopolitical tensions creating a more challenging macro environment – the company demonstrated its ability to focus on the right operational areas,” said Thomas Monteiro, senior analyst at Investing.com. “It largely absorbed these headwinds by effectively managing the data-center supply-demand equation. In that sense, the $4.5bn H20 impact during the quarter ultimately highlighted Nvidia’s adaptability to changing market conditions – a trait that will remain critical throughout the rest of the year, at minimum.” Analysts also say they think negotiations between the US and China “could yield positive results for Nvidia”, according to Wedbush analyst Dan Ives. “There is one chip in the world fueling the AI Revolution and its Nvidia … that narrative is clear from these results and the positive commentary from Jensen,” said Ives. “This is a very important guide for the broader tech world and it shows the AI revolution is heading into its next gear of growth despite the Trump tariff war playing out.” While the company’s business in China remains up in the air, analysts seem heartened by recent demand for Nvidia chips in Saudi Arabia and the UAE. Nvidia was among the beneficiaries of the AI windfall that arose from Trump’s visit to the region, which resulted in Saudi Arabia committing to $600bn to US companies. Nvidia said it will sell hundreds of thousands of AI chips to Saudi Arabia, including 18,000 of its latest chip, Blackwell, to a Saudi sovereign wealth-fund backed startup called Humain. Source link #Nvidia #beats #Wall #Street #expectations #Trump #tamps #China #sales #Technology Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

Remember Monday discuss next steps in careers after Eurovision Remember Monday discuss next steps in careers after Eurovision Sarah Louise Bennett Remember Monday represented the *** at the Eurovision Song Contest (L-R): Charlotte Steele, Lauren Byrne and Holly-Anne Hull It has been two weeks since the ***’s first girl group entrant to Eurovision since 1999 took the stage. Remember Monday had an eventful few months leading up to the competition in Switzerland – and they show no sign of slowing down. Talking to BBC Radio Solent, the all-female trio from Hampshire and Berkshire say they are about to have the “summer of our dreams”. Holly-Anne Hull, from Camberley, Charlotte Steele, from Farnham, and Lauren Byrne, from Fleet, all co-wrote What The Hell Just Happened? to perform in the 69th annual contest and finished 19th during the grand final. The group received 88 points from the national juries and said the competition had given them “memories that will last a lifetime”. Their song is currently sitting at 31 in the official charts and the group, who originally met at Farnborough College in sixth form, say they are hoping to get back into the studio to record new music soon. What’s next for Remember Monday? Charlotte, who worked as a deputy head of a performing arts for a sixth form college in Bracknell, said: “I can’t explain how much we just loved every single second of that experience. “Every day we were ticking off bucket list things. It was just the best thing we’ve ever done and then the way it went on the night – I don’t feel like we could have been more proud or happy. We got to experience the entire Eurovision experience.” Remember Monday is now preparing to go on tour, with dates scheduled across the ***, as well as a few appearances at music festivals including Latitude and The Big Feastival. Fabrice Coffrini The group is preparing to go on tour across the *** this summer Holly added: “We will wear our Eurovision flag with so much pride forever. We have it to thank and that Eurovision community to thank for everything that’s happened so far.” Lauren said she was hoping fans would have a few “new bits of music on their radar” by the time they come to perform again. She added: “Fingers crossed. We’re trying hard to make plans – honestly the summer of our dreams is happening this summer, we never thought we’d be this booked and blessed. “We will be rehearsing a lot and on the road a lot, but hopefully we’ll have some time to squeeze in recording some new music in there.” Source link #Remember #Monday #discuss #steps #careers #Eurovision Pelican News View the full article at [Hidden Content]

Fremantle Dockers recall Nat Fyfe among three changes for road clash with Gold Coast Suns Fremantle Dockers recall Nat Fyfe among three changes for road clash with Gold Coast Suns Nat Fyfe has been inserted directly into Fremantle’s AFL side for his first taste of footy in seven weeks, with the two-time Brownlow medallist among three inclusions for the Dockers against Gold Coast. It comes as coach Justin Longmuir put his faith in Sean Darcy to resume his ruck partnership with Luke Jackson, while dealing with the unexpected loss of Alex Pearce through injury. SCROLL DOWN TO SEE THE FULL FREO LINE-UP Pearce has suffered a stress injury in his shin, with the club set to take a cautious approach with the 29-year-old who only days earlier overcoming his three-match suspension at the AFL Tribunal. “On Tuesday, Pearce advised the club that he had some lingering pain in his lower leg following Saturday night’s win over Port Adelaide,” the Dockers said in a statement. “Pearce had sustained an impact injury earlier in the season, though investigations did not find any abnormalities. Further investigation after a scan on Wednesday revealed a stress response in his left shin. “Pearce will now undergo a deloading ******* and complete an off legs program. He will be reassessed after the club’s bye when Fremantle will be able to provide a further update.” Fyfe hasn’t played at AFL level since Fremantle’s final home-and-away game of last season, with the 240-game veteran’s 2025 campaign disrupted by a string of injuries. The 33-year-old suffered a hamstring setback playing for the Dockers’ affiliate side Peel at WAFL level in April, having had minor knee surgery earlier in the year. Fyfe looms as a potential substitute option and will become the first 200-gamer to feature in a game for Fremantle this year, with the former skipper’s inclusion a boost to the side’s leadership in the absence of Pearce. Camera IconAlex Pearce is out. Credit: Janelle St Pierre/AFL Photos Josh Draper returns as a like-for-like replacement for Pearce in defence, while Darcy will be desperate for a clean run of health after being inserted to help nullify the influence of Jarrod Witts. Isaiah Dudley was ruled out earlier on Thursday with a personal issue, with Cooper Simpson (shoulder) the other absentee from last week’s win over Port Adelaide. James Aish travelled as an emergency, while Andrew Brayshaw will captain the side in Pearce’s absence. The Suns recalled Ned Moyle to partner Witts in the ruck against Freo’s twin towers, with Leo Lombard to make his long-awaited debut. Malcolm Rosas and Ethan Read have both been dropped. Gold Coast are yet to lose a home fixture this season, which includes two matches at their People First Stadium base at Carrara and two at their home-away-from-home at Darwin’s TIO Stadium. FREMANTLE LINE-UP B: L Ryan, J Draper, B Cox HB: H Chapman, K Worner, J Clark C: J Sharp, S Bolton, M Johnson HF: M Frederick, S Switkowski, M Reid F: P Voss, J Treacy, J Amiss R: L Jackson, C Serong, A Brayshaw IC: N Fyfe, N Erasmus, C Wagner, S Darcy, B Banfield EMG: H Davies, J Aish, N O’Driscoll Source link #Fremantle #Dockers #recall #Nat #Fyfe #among #road #clash #Gold #Coast #Suns Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

Nvidia: Record $44B Quarter Signals Strength Despite China Export Headwinds Nvidia: Record $44B Quarter Signals Strength Despite China Export Headwinds Nvidia (NASDAQ:) delivered another , proving once again that it remains the engine room of the global AI economy. The company’s financial results for the first quarter ended April 27, 2025, showcase both the tremendous opportunity and the complex challenges facing the semiconductor leader. As the central provider of AI infrastructure, Nvidia’s earnings are no longer a company-specific event—they are a readout on the direction of the digital economy. The Numbers Tell a Growth Story Revenue reached $44.06 billion, representing a 12% sequential increase and a remarkable 69% year-over-year surge. Data Center revenue dominated performance at $39.1 billion, marking a 10% quarter-over-quarter gain and 73% annual growth. With a market capitalization now at $3.3 trillion and last twelve months revenue growth of 114.2%, Nvidia continues to demonstrate its commanding position in the semiconductor industry. The company delivered adjusted EPS of $0.96, beating analyst estimates of $0.93 and demonstrating solid operational execution despite significant regulatory headwinds. Revenue of $44.06 billion also exceeded expectations of $43.31 billion, reinforcing management’s ability to navigate complex challenges while maintaining growth momentum. Export Controls Create Near-Term Turbulence The quarter was significantly impacted by new U.S. export licensing requirements announced April 9, 2025, affecting H20 product exports to China. This regulatory shift triggered a $4.5 billion charge related to H20 inventory excess and purchase obligations as demand for these products evaporated overnight. The scale of this disruption is worth understanding: H20 sales had reached $4.6 billion for the quarter prior to restrictions, with an additional $2.5 billion in revenue prevented from shipping. Management estimates the second-quarter impact at approximately $8.0 billion, explaining why guidance of $45.0 billion (plus or minus 2%) came in below consensus expectations of $45.9 billion. However, the market’s initial positive reaction—shares up 6% in after-hours trading—suggests investors understand this is a policy problem, not a demand problem. Based on extended trading, Nvidia shares are now less than 5% below their record high reached in January and are at their highest level in four months, indicating renewed momentum despite regulatory headwinds. Margin Resilience Demonstrates Pricing Power Despite the regulatory chaos, Nvidia’s underlying business fundamentals remain remarkably strong. GAAP gross margins of 60.5% and non-GAAP margins of 61.0% reflect the H20-related charges. Excluding these impacts, non-GAAP gross margins would have reached 71.3%—demonstrating that the company’s core pricing power remains intact. Looking ahead, management expects second-quarter gross margins to normalize at 71.8% GAAP and 72.0% non-GAAP, reinforcing confidence in the company’s ability to maintain premium pricing despite intensifying competition and regulatory pressure. The Data Center business now represents 88% of total revenue at $39.1 billion, driven by hyperscaler demand, sovereign AI initiatives, and accelerating enterprise adoption. Significantly, large cloud providers accounted for just under half of the data center unit’s revenue, while networking products contributed $5 billion in sales—demonstrating Nvidia’s expansion beyond chips into comprehensive AI infrastructure solutions. Nvidia Isn’t Just Selling Chips—It’s Building Economic Infrastructure Much attention focuses on Nvidia’s role powering ChatGPT and other large language models. But the more significant story is structural. Nvidia has positioned itself as the foundational layer of AI infrastructure, comparable to Intel’s (NASDAQ:) role in the PC era or Cisco’s (NASDAQ:) dominance during the internet buildout. We are witnessing the digital infrastructure of the global economy being rebuilt around accelerated computing. Nvidia isn’t merely participating in this transformation—it’s architecting it, with margin leverage, product ecosystem advantages, and demand visibility that few companies in history have achieved. This transformation is not just hype. Enterprise software, biotech, robotics, financial services, and industrial automation are all building around Nvidia’s compute architecture. In that sense, it’s not a chip company—it’s an enabling layer across sectors, geographies, and regulatory regimes. CEO Jensen Huang emphasized this during earnings commentary, noting that “global demand for Nvidia’s AI infrastructure is incredibly strong” and highlighting full-scale production of the Blackwell NVL72 AI supercomputer. His observation that the $50 billion ******** AI chip market is “effectively closed to U.S. industry” underscores both the scale of opportunity and the policy constraints currently limiting growth. The Blackwell Transition Represents the Next Growth Phase While H20 disruptions dominated headlines, Nvidia’s successful Blackwell architecture launch may prove far more significant for long-term investors. The company is now shipping these next-generation chips while expanding sovereign deals including Saudi Arabia’s Humain project and UAE’s Stargate II initiative. The momentum behind Blackwell is already evident in major customer deployments. Microsoft (NASDAQ:) has “deployed tens of thousands of Blackwell GPUs and is expected to ramp to hundreds of thousands” of Nvidia’s GB200 products, driven largely by its relationship with OpenAI. This scale of deployment validates both the technical superiority of the new architecture and the durability of hyperscaler demand. The transition to Blackwell provides both technological differentiation and natural protection against export restrictions, as these newer architectures face fewer regulatory constraints while delivering superior performance metrics that justify premium pricing. Financial Strength Provides Strategic Flexibility With a perfect Piotroski Score of 9 and current ratio of 4.44, Nvidia maintains exceptional financial health that enables strategic flexibility during periods of uncertainty. The company’s balance sheet strength allows it to absorb regulatory shocks like the recent $4.5 billion charge while continuing to invest in R&D and capacity expansion. Trading at a P/E ratio of 46.09, Nvidia commands a premium valuation that reflects both its market leadership and growth trajectory. While this multiple appears elevated compared to traditional semiconductor companies, it’s reasonable when viewed against the company’s unique position in the AI infrastructure stack and projected growth rates. The quarterly dividend of $0.01 per share (payable July 3, 2025) may seem modest, but it represents management’s confidence in sustainable cash generation. More significantly, Nvidia spent $14.1 billion on share repurchases during the quarter alongside $244 million in dividends, demonstrating aggressive capital return to shareholders while preserving investment capacity for growth initiatives. Diversified Strength Beyond AI Infrastructure While AI dominates the narrative, Nvidia’s diversified portfolio continues delivering strong performance across segments. Gaming revenue grew 42% annually to $3.8 billion, demonstrating the company’s ability to capitalize on multiple end markets simultaneously. The automotive and robotics division reported 72% growth to $567 million, driven by self-driving car applications, while professional visualization expanded 19% to $509 million. This diversification provides both revenue stability and optionality as various technology trends mature at different rates. Operating Leverage Remains Compelling Looking ahead, Nvidia expects second-quarter operating expenses of approximately $5.7 billion GAAP and $4.0 billion non-GAAP. While these figures reflect continued investment in R&D and capacity expansion, they also demonstrate the company’s operating leverage as revenue scales. The combination of high gross margins, controlled operating expense growth, and expanding market opportunity creates a powerful earnings leverage model that should drive significant cash flow generation over the coming quarters. AI Spending Continues Scaling Despite Macro Concerns Despite broader economic uncertainty and concerns over “AI bubble” valuations, major cloud providers—Microsoft, Amazon (NASDAQ:), Google—continue increasing AI capital expenditure. Sovereign buyers are accelerating investments. Startups continue raising capital at historic valuations to build AI-native applications. This spending pattern differs fundamentally from previous technology cycles. The use cases are tangible, ROI measurements are improving, and the compute layer where Nvidia operates has become the critical bottleneck for innovation across industries. $180 Price Target Reflects Structural Opportunity My $180 price target is based on the conviction that AI represents a multi-trillion dollar transformation with Nvidia capturing the most capital-intensive phase: infrastructure buildout. The company’s combination of technological leadership, ecosystem advantages, and execution capability positions it to monetize this transition more effectively than any competitor. Recent quarters have consistently reinforced three key investment themes: Nvidia’s technology leadership remains unchallenged, demand for AI compute continues outpacing supply, and the company’s execution capability enables it to navigate complex challenges while maintaining growth momentum. The Investment Case Remains Intact While earnings volatility will continue and policy risks remain real, the structural trend driving Nvidia’s performance appears sustainable. The company continues executing at a level few organizations in history have achieved, balancing growth acceleration, margin expansion, and strategic positioning. We are no longer speculating whether AI matters for the global economy. We are allocating capital based on who wins the infrastructure buildout phase. Nvidia’s combination of technological capabilities, market positioning, and execution track record keeps it at the top of that list. The runway for growth remains substantial, policy headwinds are manageable, and the company’s financial strength provides flexibility to navigate near-term challenges while capitalizing on long-term opportunities. I remain a long-term buyer of Nvidia. This isn’t just a stock—it’s the architecture of tomorrow’s economy. My $180 price target reflects not hype, but the hard economics of AI compute. The market will ebb and flow, but Nvidia’s role at the center of the AI buildout remains rock solid. Source link #Nvidia #Record #44B #Quarter #Signals #Strength #China #Export #Headwinds Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

Buying the stock market dip hasn’t paid off this much in 30 years Buying the stock market dip hasn’t paid off this much in 30 years Investors have been instantly rewarded for buying the dip in 2025 with the highest return in more than 30 years. Research from Bespoke Investment Group shows that so far this year, the S&P 500 (^GSPC) has risen an average of 0.36% in the next trading session following a down day for the index. According to Bespoke’s data, which dates back to 1993, the only other time stocks rebounded even close to this aggressively was the 0.32% average rise seen after down days during 2020. As Bespoke wrote on X, the data is proof that the “buy the dip” mentality has been at the forefront of the market narrative in 2025. This played out as recently as Tuesday when the S&P 500 rose more than 2% after falling 0.7% to end last week’s trading before the holiday weekend. The catalyst for Tuesday’s rally was President Trump dialing back tariffs he had previously threatened, a key driver of many rebound days this year. “We saw our customers buying heavily during April,” Interactive Brokers chief strategist Steve Sosnick told Yahoo Finance. “They were astute. They didn’t give up faith. Buy the dip has worked for them very well for the past few years, and it did work really well for them again.” Read more: The latest news and updates on Trump’s tariffs The S&P 500 has roared back from its April 8 low, with the benchmark index up nearly 19% since President Trump began delaying the bulk of his tariff threats. (Timothy A. Clary/AFP via Getty Images) · TIMOTHY A. CLARY via Getty Images Since the market’s most recent bottom on April 8, the S&P 500 has risen nearly 19%. Largely, retail investors have been leading the charge. Data from JPMorgan quantitative strategist Emma Wu showed retail investors have poured more than $50 billion into US equities since the April 8 low. This surpassed the $46 billion retail investors put into the market between March and June 2020. “The buy-the-dip strategy in early April has clearly paid off,” Wu wrote. Similar data from VandaTrack showed the week following Trump’s April 2 “Liberation Day” tariff announcement saw “record dip-buying flows from retail investors,” including $3 billion in net purchases on April 3, the largest daily total since VandaTrack began collecting this data in 2014. Josh Schafer is a reporter for Yahoo Finance. Follow him on X @_joshschafer. Click here for the latest economic news and indicators to help inform your investing decisions Read the latest financial and business news from Yahoo Finance Source link #Buying #stock #market #dip #hasnt #paid #years Pelican News View the full article at [Hidden Content]

Is a 100% Increase in the Value of Social Trading Stocks Expected? Is a 100% Increase in the Value of Social Trading Stocks Expected? The IPO market is buzzing with excitement following the hugely successful listing of eToro Group Ltd (NASDAQ:). This article will analyze how to identify stocks in the social trading sector and the criteria for assessing whether their market value is undervalued and offers significant growth prospects. Social trading is one of the most significant innovations in the world of financial investment. This practice allows investors to connect, share strategies, and even replicate the trades of more experienced traders through dedicated platforms. In an era where technology is transforming every aspect of our lives, social trading offers an accessible and collaborative way to navigate the financial markets. The Social Trading ***** Social trading is an investment method based on collaboration between traders through online platforms. These platforms, such as eToro or NAGA, serve as digital spaces where users can observe the activities of other investors, discuss strategies, and, in many cases, copy the trades of experienced traders. The main goal is to make the investment process more transparent and accessible even for those who do not have in-depth knowledge of the markets. Understanding the Social Trading Industry The fundamental principle of social trading is information sharing. More experienced traders make their portfolios and trades available, allowing others to monitor their movements on the markets in real time. Users can choose to copy the strategies of these professionals, which means that every trade made by the expert will be automatically replicated in the copier’s portfolio. This process, called “copy trading,” is ideal for those who want to participate in the markets but do not have the time or expertise to analyze them in depth. The two most interesting listed companies in the social trading sector are eToro Group and NAGA Group AG (N4G). We intend to analyze them using the best software available, capable of accurately calculating a company’s value and intelligently analyzing financial statements, making a task that was once very complex much simpler. For those involved in stock trading, INVESTING PRO is an indispensable tool. I decided not to invest in E Toro, as IPOs tend to drive up the price of shares beyond their actual value. Statistically, out of 10 IPOs, 8 times the value of the shares decreases in the first year. As shown in the image, Investing Pro flags two warnings: the price is currently correct, indicating limited growth potential, and profit margins are low. A strategy I often use with Investing Pro is to select a high-potential sector, such as social trading, and the stock with the most growth potential is NAGA. Why NAGA Group AG excels NAGA Group AG is a ******* company that develops and markets applications in the financial technology sector. The company’s main product is NAGA TRADER, a social trading application that allows users to trade foreign currencies, indices, equities, and cryptocurrencies via Contracts for Difference, copying the trades of other traders. A notable feature of NAGA TRADER is its dual exchange function, which allows users to replicate the strategies of other crypto investors and trade cryptocurrencies. I decided to invest in this technology company, NAGA Group AG (N4G), based on my analysis, which coincides with that of Investing Pro. As you can see in the image above, according to Investing Pro, the stock has high potential. In addition, the signals relating to the profit margin are relevant, which Investing Pro considers to be very positive. The stock is also very interesting from a technical point of view. Prices are rising with above-average volumes and are about to cross the 200 moving average. In my opinion, prices will reach 1.50 in 2026, with a potential upside of over 100%. Source link #Increase #Social #Trading #Stocks #Expected Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

Elon Musk Bids Farewell As Official Trump Administration Role Comes To An End – Deadline Elon Musk Bids Farewell As Official Trump Administration Role Comes To An End – Deadline Elon Musk Bids Farewell As Official Trump Administration Role Comes To An End DeadlineElon Musk, Distanced From Trump, Says He’s Exiting Washington and DOGE The New York TimesElon Musk Walks, Trump Has ‘Big Beautiful Bill’. What Happened To ‘Bromance’? NDTVBack at SpaceX, Musk says in interview DOGE became D.C.’s ‘whipping boy’ The Washington PostElon Musk Exits Trump Admin Role As DOGE Budget Push Hits Resistance, Tesla Pressures Mount Swarajyamag Source link #Elon #Musk #Bids #Farewell #Official #Trump #Administration #Role #Deadline Pelican News View the full article at [Hidden Content]

Israel announces major expansion of settlements in occupied West Bank Israel announces major expansion of settlements in occupied West Bank Israeli ministers say 22 new Jewish settlements have been approved in the occupied West Bank – the biggest expansion in decades. Several already exist as outposts, built without government authorisation, but will now be made legal under Israeli law, according to Defence Minister Israel Katz and Finance Minister Bezalel Smotrich. The issue of settlements – which are widely seen as ******** under international law, though Israel disputes this – is one of the most contentious areas of dispute between Israel and the Palestinians. Katz said the move “prevents the establishment of a ************ state that would endanger Israel”, while the ************ presidency called it a “dangerous escalation”. The Israeli anti-settlement watchdog Peace Now said the new settlements would “dramatically reshape the West Bank and entrench the occupation even further”. Israel has built about 160 settlements housing some 700,000 Jews since it occupied the West Bank and East Jerusalem – land the Palestinians want as part of a future state – in the 1967 Middle East war. Source link #Israel #announces #major #expansion #settlements #occupied #West #Bank Pelican News View the full article at [Hidden Content]

KalGold secures 75 per cent stake in fruitful WA gold project KalGold secures 75 per cent stake in fruitful WA gold project Kalgoorlie Gold Mining has locked in a 75 per cent stake in its highly prospective Pinjin gold project near Kalgoorlie, completing the first milestone of its farm-in agreement over the project. The company has sealed the deal with a $1.65 million all-cash settlement for the project, which incorporates its Kirgella Gift and Providence mineral resources, alongside its promising breakout Lighthorse discovery and Wessex gold prospect. KalGold says potential remains for it to earn full ownership over the project upon a decision to mine the resources. The development means the company is now firmly positioned as a potential toll treating operation in Western Australia’s gold-rich Laverton Tectonic Zone. The farm-in agreement covers four exploration tenements and several prospecting licences, marking a pivotal step for KalGold. The company surpassed all its required metrics to reach its three-quarter stake in under two years. It swiftly defined a 76,400-ounce shallow gold resource at Kirgella Gift and Providence, grading a mineable 1 grams per tonne (g/t) gold, while unearthing significant gold anomalism at both Lighthorse and Wessex. The Lighthorse corridor, in particular, shows massive resource potential. Stretching north to within 1 kilometre of Hawthorn Resources’ Anglo Saxon open pit mine, which is under care and maintenance, Lighthorse provides serious exploration upside as KalGold looks to develop its defined resources. “In less than two years, the company has defined over 75,000 ounces of gold in a near-surface JORC resource at Kirgella Gift and Providence. Beyond this, we have defined gold mineralisation and anomalism across multiple prospects throughout the tenement package, including the hugely prospective Lighthorse and Wessex prospects.” Kalgoorlie Gold Mining managing director Matt Painter The company says its all-cash settlement minimises dilution to its shareholders, while maximising the upside for gold-hungry investors. Under the agreement, the vendors are free carried until a bankable feasibility study or decision to mine, at which point they must contribute costs or convert their 25 per cent interest into a 2 per cent net smelter royalty. Should KalGold reach a decision to mine, the company could secure full ownership of the project, cementing its control over a project sitting just 25km north of Ramelius Resources’ 1-million-ounce Rebecca gold project. Rebecca is set for first production in 2027. KalGold’s Pinjin project lies within the prolific Laverton Tectonic Zone, a crustal-scale suture hosting giants such as the Sunrise Dam, Granny Smith and Wallaby gold mines, which have a combined output of 30M ounces gold. The company’s tenure spans a multi-kilometre corridor ripe for exploration, which is already turning up economic gold. Alongside it, historic Newmont prospects, such as T12 and T15, are yet to be fully tested. February’s Lighthorse discovery has already lit up the market with more than a 400 per cent share price run on reports of high-grade hits, including 17m at 4.81g/t gold from 48m and 9m at 3.52 g/t gold from 58m. A recent reverse circulation drilling program confirmed primary orogenic gold mineralisation beneath a supergene blanket, pointing to a potentially large hydrothermal system. KalGold is wasting no time, with plans to accelerate air core, reverse circulation and and diamond drilling across the 2.4km Lighthorse corridor and beyond. Targeted geophysical programs are also on the horizon, designed to sniff out alteration zones, structures and new mineralisation. The company’s track record speaks for itself: It defined 214,000 ounces of gold across its WA portfolio, including the 138,000-ounce La Mascotte deposit at its Bulong Taurus project at a discovery cost of $4.60 per ounce. The company says the farm-in deal strengthens KalGold’s position to engage strategic partners. Its commanding tenure and low-cost discovery model is drawing attention in a gold market buoyed by prices above $5000 per ounce, more than 1000 times KalGold’s current rate of discovery. With a clear path to potential production of its near-surface supergene gold deposits and a pipeline of exploration catalysts, KalGold is shaping up as a serious contender as a cash-flushed WA gold producer. Is your ASX-listed company doing something interesting? Contact: *****@*****.tld Source link #KalGold #secures #cent #stake #fruitful #gold #project Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

Slovakia’s central bank chief convicted of bribery and fined $225,000 Slovakia’s central bank chief convicted of bribery and fined $225,000 BRATISLAVA, Slovakia (AP) — Slovakia’s central bank chief, who is a member of the European Central Bank committee that decides monetary policy for 20 countries, was convicted of bribery and fined 200,000 euros ($225,000) on Thursday. The verdict against central bank Gov. Peter Kažimír was issued by Judge Milan Cisarik at the country’s Special Criminal Court in Pezinok. Kažimír’s attorneys argued that he should have been acquitted because of the recent changes in Slovakia’s penal code, which reduced punishment for corruption and that recently ended a number of corruption cases and trials. Kažimír wasn’t present at the court. He said in a statement that he would appeal. His six-year term in office expires on Sunday. Kažimír was accused of paying a bribe of 48,000 euros ($54,000) at the turn of the year in 2017-18 to the head of the country’s tax office in connection with a tax audit of several private companies. At the time, Kažimír was acquiring a luxury villa located in an upscale neighborhood of Bratislava, the capital, from the owner of the companies. Kažimír, who pleaded not guilty, had previously said that he considered the charges to be ******** and fabricated. The case dates to when Kažimír served as finance minister in the leftist government of populist Prime Minister Robert Fico from 2012 to 2019. He was a member of Fico’s Smer, or Direction, party before taking the central bank job. Smer lost the 2020 general election and was replaced by a coalition government whose parties campaigned on an anti-corruption ticket. Since that government took power, a number of people linked to Fico’s party faced prosecution in corruption scandals. Kažimír was the first minister of Fico’s government to stand trial. Slovakia is one of 20 countries that use the euro currency, and Kažimír is a member of the ECB’s governing council, its main decision-making body. A number of people linked to the prime minister’s party faced prosecution in corruption scandals. Fico returned to power for the fourth time in 2023 after his leftist party Smer won the Sept. 30 parliamentary election on a pro-Russia and anti-American platform. In February 2024, lawmakers loyal to Fico’s new coalition government approved changes to the penal code and eliminated the office of the special prosecutor that deals with major crime and corruption. The legislation faced sharp criticism at home and abroad while thousands of Slovaks repeatedly took to the streets to protest. The changes include a reduction in punishments for corruption and some other crimes, including the possibility of suspended sentences, and a significant shortening of the statute of limitations. Source link #Slovakias #central #bank #chief #convicted #bribery #fined Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

Trump expected to find a workaround after trade court blocks tariffs Trump expected to find a workaround after trade court blocks tariffs US President Donald Trump prepares to sign executive orders in the Oval Office of the White House in Washington, DC, on May 23, 2025. Mandel Ngan | Afp | Getty Images U.S. President Donald Trump is expected to find a workaround after suffering a major blow to a core part of his economic agenda. The U.S. Court of International Trade on Wednesday ruled that the president had overstepped his authority by invoking the International Emergency Economic Powers Act (IEEPA) to impose sweeping tariffs on numerous countries. The Manhattan-based court not only ordered a permanent halt to most of Trump’s tariffs, but also barred any future modifications to them. A panel of three judges gave the White House 10 days to complete the formal process of halting the tariffs. The Trump administration swiftly appealed the ruling. Economists at Goldman Sachs said the White House has a few tools at its disposal that could ensure it is only a temporary problem. “This ruling represents a setback for the administration’s tariff plans and increases uncertainty but might not change the final outcome for most major US trading partners,” analysts at Goldman Sachs said in a research note. “For now, we expect the Trump administration will find other ways to impose tariffs,” they added. Four options on the table The Wall Street bank said the ruling blocks the 10% baseline tariff imposed by Trump on most imports, as well as the additional tariffs on China, Canada and Mexico – but not sectoral tariffs, such as those imposed on steel, aluminum and autos. The Trump administration does have other legal means of imposing tariffs, however, according to Goldman. These include Section 122 of the Trade Act of 1974, Section 301 and Section 338 of the Trade Act of 1930. Section 122 does not require a formal investigation and could therefore be one of the swiftest ways to get around the court roadblock. “The administration could quickly replace the 10% across-the-board tariff with a similar tariff of up to 15% under Sec. 122,” analysts at Goldman said. They noted, however, that such a move would only last for up to 150 days after which law requires Congressional action. Trump could also swiftly launch Section 301 investigations on key U.S. trading partners, laying the bureaucratic groundwork for tariffs, although Goldman said that this process will likely take several weeks at a minimum. Section 232 tariffs, which are already in place for steel, aluminum and auto imports, could also be broadened to other sectors, while Section 338 allows the president to impose levies of up to 50% on imports from countries that discriminate against the U.S. Goldman noted that the latter has not been used before. What about the Supreme Court? James Ransdell, partner at the law firm Cassidy Levy Kent, said the court opinion marks the first of many other cases still pending — and the first substantive opinion out of federal court “to really address the meat of the plaintiffs challenge.” Ransdell said the speed of the Trump administration’s appeal was “very unusual” and suggests the government could be working through the night to prepare its motion for an emergency stay of the order. He added that it was “certainly a possibility” that the Supreme Court could end up having the last say. “There is not a lot of precedent on this particular statute and on similar actions by the president so there might be an interest that the Supreme Court has in taking this up,” Ransdell told CNBC’s “The China Connection” on Thursday. Traders work on the floor of the New York Stock Exchange during morning trading on May 27, 2025 in New York City. Michael M. Santiago | Getty Images Steven Blitz, chief U.S. economist at TS Lombard, said Trump had a “very good” level of understanding of how to play the courts to get what he wants in terms of playing for time. “The first thing he will probably do is an emergency appeal to the Supreme Court … wanting to get a ruling from them that basically says you can keep these tariffs in place while the appeals process runs through,” Blitz said Thursday. “This king-like executive order was always going to, at some point, going to run into the courts … The difference between being a monarchy and being a constitutional democracy is the legal system,” he added. Source link #Trump #expected #find #workaround #trade #court #blocks #tariffs Pelican News View the full article at [Hidden Content]

Victoria’s Secret hit by outages as it battles security incident – TechCrunch Victoria’s Secret hit by outages as it battles security incident – TechCrunch Victoria’s Secret hit by outages as it battles security incident TechCrunchVictoria’s Secret Security Incident Disrupts Website, Email Bloomberg.comVictoria’s Secret responds after website, app shutdown leaving customers in the dark nbc4i.comVictoria’s Secret tech glitch disrupts operations in Ohio, worldwide WSYXVictoria’s Secret pulls down website amid security incident Yahoo Finance Source link #Victorias #Secret #hit #outages #battles #security #incident #TechCrunch Pelican News View the full article at [Hidden Content]

Woman, accused argued before fatal fire, say neighbours Woman, accused argued before fatal fire, say neighbours A shocked British house guest told neighbours how he and a woman had an argument the night she was found dead and her house burnt down, a jury has heard. Source link #Woman #accused #argued #fatal #fire #neighbours Pelican News View the full article at [Hidden Content]

Moving lower among the most popular loan terms Moving lower among the most popular loan terms Mortgage interest rates are lower today across the most popular loan terms. According to Zillow, the average 30-year fixed rate fell by four basis points to 6.86%, the 20-year fixed rate dropped 11 basis points to 6.61%, and the 15-year mortgage rate slipped five basis points to 6.06%. Bond yields have moved lower since their peak one week ago, and that’s influencing mortgage rates to sag as well. With all of the elevator moves up and down, rates remain just eight basis points from where they were one year ago. And we have a cushion from the peak for the 30-year mortgage of 7.04% in mid-January. Read more: Housing costs are still the stickiest part of an otherwise cool inflation report Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 6.86% 20-year fixed: 6.61% 15-year fixed: 6.06% 5/1 ARM: 7.04% 7/1 ARM: 6.73% 30-year VA: 6.39% 15-year VA: 5.76% 5/1 VA: 6.42% Remember, these are the national averages and rounded to the nearest hundredth. Learn more: Here’s how mortgage rates are determined These are today’s mortgage refinance rates, according to the latest Zillow data: 30-year fixed: 6.96% 20-year fixed: 6.80% 15-year fixed: 6.21% 5/1 ARM: 7.33% 7/1 ARM: 6.72% 30-year VA: 6.41% 15-year VA: 5.91% 5/1 VA: 6.22% Again, the numbers provided are national averages rounded to the nearest hundredth. Mortgage refinance rates are often higher than rates when you buy a house, although that’s not always the case. Use the mortgage calculator below to see how various interest rates and loan amounts will affect your monthly payments. It also shows how the term length plays into things. To dive deeper, use the Yahoo Finance mortgage calculator, which includes homeowners insurance and property taxes in your monthly payment estimate. You even have the option to enter costs for private mortgage insurance (PMI) and homeowners’ association dues if those apply to you. These details result in a more accurate monthly payment estimate than if you simply calculated your mortgage principal and interest. There are two main advantages to a 30-year fixed mortgage: Your payments are lower, and your monthly payments are predictable. A 30-year fixed-rate mortgage has relatively low monthly payments because you’re spreading your repayment out over a longer ******* of time than with, say, a 15-year mortgage. Your payments are predictable because, unlike with an adjustable-rate mortgage (ARM), your rate isn’t going to change from year to year. Most years, the only things that might affect your monthly payment are any changes to your homeowners insurance or property taxes. The main disadvantage to 30-year fixed mortgage rates is mortgage interest — both in the short and long term. A 30-year fixed term comes with a higher rate than a shorter fixed term, and it’s higher than the intro rate to a 30-year ARM. The higher your rate, the higher your monthly payment. You’ll also pay much more in interest over the life of your loan due to both the higher rate and the longer term. The pros and cons of 15-year fixed mortgage rates are basically swapped from the 30-year rates. Yes, your monthly payments will still be predictable, but another advantage is that shorter terms come with lower interest rates. Not to mention, you’ll pay off your mortgage 15 years sooner. So you’ll save potentially hundreds of thousands of dollars in interest over the course of your loan. However, because you’re paying off the same amount in half the time, your monthly payments will be higher than if you choose a 30-year term. Dig deeper: 15-year vs. 30-year mortgages Adjustable-rate mortgages lock in your rate for a predetermined amount of time, then change it periodically. For example, with a 5/1 ARM, your rate stays the same for the first five years and then goes up or down once per year for the remaining 25 years. The main advantage is that the introductory rate is usually lower than what you’ll get with a 30-year fixed rate, so your monthly payments will be lower. (Current average rates don’t reflect this, though — fixed rates are actually lower. Talk to your lender before deciding between a fixed or adjustable rate.) With an ARM, you have no idea what mortgage rates will be like once the intro-rate ******* ends, so you risk your rate increasing later. This could ultimately end up costing more, and your monthly payments are unpredictable from year to year. But if you plan to move before the intro-rate ******* is over, you could reap the benefits of a low rate without risking a rate increase down the road. Learn more: Adjustable-rate vs. fixed-rate mortgage The national average 30-year mortgage rate is 6.86% right now, according to Zillow. But keep in mind that averages can vary depending on where you live. For example, if you’re buying in a city with a high cost of living, rates could be even higher. Mortgage rates will likely remain in a tight range over the next few months. There are many questions regarding the economy, inflation, and the job market. Don’t look for big moves in interest rates unless bad economic news builds. Not significantly. Mortgage rates continue to be about where they were one year ago. In many ways, securing a low mortgage refinance rate is similar to when you bought your home. Try to improve your credit score and lower your debt-to-income ratio (DTI). Refinancing into a shorter term will also land you a lower rate, though your monthly mortgage payments will be higher. Source link #Moving #among #popular #loan #terms Pelican News View the full article at [Hidden Content]

Fed May Meeting Minutes Are Out. What to Know. – Barron's Fed May Meeting Minutes Are Out. What to Know. – Barron's Fed May Meeting Minutes Are Out. What to Know. Barron’sThe Fed Forecasts Stagflation WSJFed worried it could face ‘difficult tradeoffs’ if tariffs reaggravate inflation, minutes show CNBCFed ‘Well Positioned’ to Wait on Rate Cuts Even as Economic Risks Rise, Minutes Show The New York TimesFed Well Positioned to Wait for Clarity on Outlook, Minutes Say Bloomberg.com Source link #Fed #Meeting #Minutes #Barron039s Pelican News View the full article at [Hidden Content]

Flyadeal CEO on wet leasing deal with Cebu Pacific & flights to Syria Flyadeal CEO on wet leasing deal with Cebu Pacific & flights to Syria ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Steven Greenway, CEO of Saudi Arabia’s low-cost carrier flyadeal, says that “competition is a given” amongst the low-cost carrier portion of the airline industry and shares how he is repositioning flights to meet the new demand for flights to Syria. Source link #Flyadeal #CEO #wet #leasing #deal #Cebu #Pacific #flights #Syria Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

Flyadeal CEO on wet leasing deal with Cebu Pacific & flights to Syria Flyadeal CEO on wet leasing deal with Cebu Pacific & flights to Syria ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Steven Greenway, CEO of Saudi Arabia’s low-cost carrier flyadeal, says that “competition is a given” amongst the low-cost carrier portion of the airline industry and shares how he is repositioning flights to meet the new demand for flights to Syria. Source link #Flyadeal #CEO #wet #leasing #deal #Cebu #Pacific #flights #Syria Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]