Wednesday, March 18

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Eminem’s mom, Debbie Nelson, dead at 69 – National
Entertainment, Movies

Eminem’s mom, Debbie Nelson, dead at 69 – National

Debbie Nelson, the mother of rapper Eminem, has died. She was 69. A representative for the rapper confirmed the death to multiple publications, including Variety and People, saying she died from complications of lung cancer.Nelson and her son were known for their turbulent relationship over the years. While she was the subject of one of her son’s most famous song lyrics — “His palms are sweaty, knees weak, arms are heavy / There’s vomit on his sweater already, mom’s spaghetti” from 2002’s Lose Yourself — plenty of his lyrics directed at his mother weren’t quite so innocuous.In fact, at one point, Nelson sued her famous son, reports Variety, winning US$10 million after arguing she had been defamed in the 1999 hit My Name Is (“I just found out my mom does more dope than I do,” Eminem rapped....
Nvidia isn’t the biggest AI winner two years after ChatGPT’s debut
Business

Nvidia isn’t the biggest AI winner two years after ChatGPT’s debut

In the two years since the launch of ChatGPT, stocks have soared to new highs, megacaps have ballooned in size and AI chipmaker Nvidia has become the second-largest stock in the U.S. by market value. But the biggest winner has in fact been a little-known Ohio-based cooling technology stock named Vertiv Holdings. Vertiv has benefited since the debut of the widely accessible chatbot in late Nov., 2022 as investors scoured the market for secondary winners from the buildout of large language models and gargantuan data centers. The first order of attention was what became the megcap technology companies. Nvidia was the 13th largest company in the U.S. when the AI craze took off, notes Jefferies' sales desk. The S & P 500 has rallied about 49%. But while megacap technology stocks have domina...
Ramp up tax savings for the holiday season with these strategies
Business

Ramp up tax savings for the holiday season with these strategies

The market has been generous to investors in 2024, and those who are themselves in the giving spirit can benefit from sharing some of those winnings with their favorite charities. On the holiday calendar, Giving Tuesday comes right after Cyber Monday, marking a day for individuals to consider donating to their favorite charities. With the S & P 500 up more than 26% in 2024, cash might not be the best way to give money to organizations. Instead, a direct gift of appreciated assets, be they stocks, mutual funds or even cryptocurrency, is the savviest way to share the wealth. "Cash used to be the No. 1 asset contributed to the program," said Brandon O'Neill, charitable planning consultant at Fidelity Charitable, a donor-advised fund sponsor. "If you gift an appreciated asset, not only do ...
Federal minister heading to Taylor Swift as guest of B.C. Crown Corporation
Politics

Federal minister heading to Taylor Swift as guest of B.C. Crown Corporation

The federal minister responsible for the Pacific Economic Development Agency of Canada will be one of approximately 120 guests attending Taylor Swift this weekend on the taxpayers’ dime. Harjit Sajjan, who will be attending the concert with his daughter on Saturday, was invited as a guest of PavCo. 4:40 BC Place prepares for a Swiftie invasion, what ticket holders need to know PavCo, a provincial Crown corporation, owns and operates BC Place. Swift will be performing in front of three sold-out crowds on Friday, Saturday and Sunday. Story continues below advertisement “Minister Sajjan was invited to attend the Eras...
Traders brace for Friday’s jobs report, but Trump’s next move may matter more
Business

Traders brace for Friday’s jobs report, but Trump’s next move may matter more

Stock market trading has been acutely sensitive to economic data in the post-Covid era, with the averages moving sharply on upside and downside surprises. That could be about to change as Donald Trump plans to assume the presidency, bringing with him a high level of uncertainty and making policy possibly more important than the much-watched macro economic data that dominates Wall Street activity. The first test if that holds true: Friday's nonfarm payrolls report for November that Bank of America recommends market participants "tread carefully" when assessing due to noisy data. "The market has never been this reactive to macro data as it has post-COVID. Why? Likely a combination of high data volatility, extreme forecasting challenges, and the Fed's 'data-dependent' posture," Ohsung Kwon, B...
Bank of Korea holds emergency meeting after Yoon lifts martial law
Business

Bank of Korea holds emergency meeting after Yoon lifts martial law

Signage for Bank of Korea is displayed atop the central bank's headquarters building in Seoul, South Korea, on Thursday, Aug. 16, 2018. South Korea's central bank hiked interest rates for a second consecutive meeting on Thursday to wrestle consumer inflation down from 13-year highs, and further raised its projections for prices to rise to their highest since 2008.Jean Chung | Bloomberg | Getty ImagesThe Bank of Korea is holding an emergency meeting after South Korean President Yoon Suk Yeol lifted a surprise martial law declaration overnight.The central bank was set to convene an extraordinary board meeting at around 9 a.m. local time on Wednesday. Last week, the BOK cut its benchmark interest rate by 25 basis points in a surprise move.Around that time, local news agency Yonhap reported th...
Salesforce (CRM) Q3 earnings report 2025
Business

Salesforce (CRM) Q3 earnings report 2025

Marc Benioff, chief executive officer of Salesforce, speaks during the World Economic Forum in Davos, Switzerland, Jan. 18, 2024.Halil Sagirkaya | Anadolu | Getty ImagesSalesforce shares were up 9% on Tuesday after the company's fiscal third-quarter earnings report showed revenue and fiscal fourth-quarter guidance that exceeded analysts' expectations.Here's how the company did compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $2.41 adjusted vs. $2.44 expectedRevenue: $9.44 billion vs. $9.34 billion expectedThe company's revenue grew 8% year over year during the fiscal third quarter, which ended Oct. 31. Its net income was $1.5 billion in the quarter, up 25% from $1.2 billion a year ago.Salesforce said it is expecting fiscal fourth-quart...
South Korea parliament rejects president’s martial law declaration
World News

South Korea parliament rejects president’s martial law declaration

By Jack Kim and Ju-min Park, Reuters People gesture as they gather outside the National Assembly in Seoul. Photo: ANTHONY WALLACE/AFP President Yoon Suk Yeol declared martial law on Wednesday morning, creating the most serious challenge to South Korea's democracy since the 1980s as lawmakers rejected the move in a vote and protesters gathered outside parliament. Yoon's declaration, which he cast as aimed at his political foes, was vocally opposed by the speaker of parliament and even the leader of Yoon's own party, Han Dong-hoon, who has clashed with the president over his handling of recent scandals. Under South Korean law, the president must immediately lift martial law if parliament demands it by a majority vote. Live television footage showed helmeted troops apparently tasked wit...
Stocks making the biggest moves after hours: CRM, OKTA, BOX, MRVL
Business

Stocks making the biggest moves after hours: CRM, OKTA, BOX, MRVL

Check out the companies making headlines in extended trading. Salesforce — The software stock advanced 6% after the company posted a revenue beat in the third quarter. Revenue of $9.44 billion topped consensus forecasts calling for $9.35 billion, according to LSEG. Meanwhile, adjusted earnings of $2.41 per share slightly missed estimates for $2.44 per share. Marvell Technology – The developer of integrated circuits jumped 10% after issuing rosy guidance for the current quarter. The company sees fourth-quarter revenue coming in at $1.80 billion, compared to Wall Street's estimate of $1.65 billion, per LSEG. Adjusted earnings and revenue in the third quarter also topped expectations. Okta — Shares popped 16% following the company's stronger-than-expected guidance for the fourth quarter. Okta...
In photos: Martial law declared in South Korea
World News

In photos: Martial law declared in South Korea

South Korea President Yoon Suk Yeol made a shock announcement of martial law on television late Tuesday night local time. Soliders, police, and protestors headed to the National Assembly, inside lawmakers voted down the decree. Yoon has since said he will withdraw martial law. Here's how it played out in pictures: South Korea's President Yoon Suk Yeol made a shock declaration of martial law in a late night television addresss. Photo: ANTHONY WALLACE/AFP Soldiers soon headed to the National Assembly building in Seoul. Photo: JUNG YEON-JE/AFP Police attempt to hold back people trying to enter the National Assembly. Photo: JUNG YEON-JE/AFP Large crows gathered outside the National Assembly. Photo: JUNG YEON-JE Inside lawmakers passed a resolution demanding the immed...