July 2024 - Studio yria

Jul

Tech sell-off drags Nasdaq lower

New York – A broad-based selloff in technology stocks weighed heavily on the Nasdaq Composite on Wednesday, overshadowing gains in other sectors. The broader market also came under downward pressure, with the S&P 500 closing lower. The tech-heavy Nasdaq fell 2.2%, marking a continuation of the recent rotation away from high-growth stocks. Mega-cap tech companies, including Apple, Netflix and Alphabet, contributed significantly to the index's losses. The semiconductor sector was hit particularly hard, with shares plummeting after reports of potential new export controls on advanced chip technology to China. The VanEck Semiconductor ETF (SMH) and Nvidia Corporation, a leading chipmaker,…

United Airlines Posts Strong Q2, But Gloomy Outlook Clouds Horizon

Jul

By Kyle C. Garrison

Investments and Business

United Airlines Posts Strong Q2, But Gloomy Outlook Clouds Horizon

Chicago – United Airlines reported a solid second quarter, driven by rising demand for international travel. However, the carrier’s less-than-stellar third-quarter outlook cast a shadow over its otherwise strong performance. The airline's Q2 earnings beat analysts' expectations, fueled by a 23% increase in profits from a year earlier. The growth was attributed primarily to a resurgence in international travel, a trend that has been a boon to the industry since the pandemic. Despite solid quarterly results, United’s third-quarter forecast fell short of Wall Street projections. The disappointment was largely attributed to overcapacity issues across the industry, which put downward pressure…

IMF raises UK growth forecast, signalling economic recovery

Jul

By Kyle C. Garrison

Politics

IMF raises UK growth forecast, signalling economic recovery

London – The International Monetary Fund (IMF) has raised its growth projections for the UK in 2024, a positive indicator for the newly elected Labour government. The global financial institution now expects the UK economy to expand by 0.7% this year, up from its previous estimate of 0.5%. The updated forecast comes as a welcome relief after two years of economic stagnation and a brief recession at the end of 2023. Recent data showing GDP growth of 0.4% in May and expected economic boosts from events such as the Euro 2024 football championship and Taylor Swift concerts have contributed to…

Netflix Beats Expectations With 34% Growth in Ad-Supported Subscribers

Jul

By Kyle C. Garrison

Investments and Business

Netflix Beats Expectations With 34% Growth in Ad-Supported Subscribers

Netflix reported its second-quarter earnings on Thursday, demonstrating its dominance in the streaming industry with a significant increase in global subscribers and significant growth in its ad-supported subscription model. The streaming giant saw a 34% increase in ad-supported subscriptions during this period compared to the same quarter last year. Advertising has become a crucial revenue stream for media companies looking to improve, or even achieve, profitability in streaming. Netflix shares have benefited recently from efforts to attract subscribers to its most affordable ad-supported tier, along with moves to limit password sharing. Here's a breakdown of Netflix's performance for the quarter…

Ewan Mitchell shines as Aemond Targaryen in “House of the Dragon”

Jul

By Kyle C. Garrison

Politics

Ewan Mitchell shines as Aemond Targaryen in “House of the Dragon”

Ewan Mitchell, like many, is used to anonymity. However, that changed during a recent trip to Manhattan, when a hotel concierge surprised him with the question, "You didn't put on your eyepatch?" It was a nod to his role as Aemond Targaryen, the one-eyed warrior who rides a dragon in "House of the Dragon." Mitchell, who doesn't usually wear an eye patch, is still getting used to being recognized in public. "I didn't think people would recognize me, but they do," he noted. "I think it's because of my big chin." One afternoon in May, Mitchell, 27, was sipping a…

Jul

By Kyle C. Garrison

Politics

Brazilian Pabllo Vittar is the world’s next big drag queen

This month, Sao Paulo’s main street was packed with thousands of people dressed in the yellow and green of the Brazilian flag, drawn by a towering figure on a trailer equipped with loudspeakers. From above, it might have looked like any other political rallies held by former President Jair Bolsonaro, who famously declared that he could never love a gay son. (Although the huge rainbow flag might have been a clue.) In fact, it was one of the largest Pride parades in the world, and the person in the van with the sound was Phabullo Rodrigues da Silva, 30, the…

Cavaliers lock up rising star Mobley with huge extension

Jul

By Kyle C. Garrison

Politics

Cavaliers lock up rising star Mobley with huge extension

The Cleveland Cavaliers have secured the future of their franchise by signing Evan Mobley to a lucrative five-year, $224 million contract extension. The deal, which could potentially reach $269 million, solidifies the young forward as a mainstay of the team. Mobley, a 2021-22 All-Rookie and 2022-23 All-Defensive selection, quickly established himself as a defensive force and versatile offensive contributor. Despite being limited to 50 games last season due to injuries, he averaged an impressive 15.7 points, 9.4 rebounds and 1.4 blocks per game. Selected third overall in the 2021 NBA Draft, Mobley joins star Donovan Mitchell, who signed a long-term…