DIRS.INFO The most relevant business & tech news

☆ Biden’s China Tariffs Are the End of an Era for Cheap Chinese Goods
▼ + stars: | 2024-05-18 | by ( Jim Tankersley | ) www.nytimes.com time to read: +1 min

For the first two decades of the 21st century, many consumer products on America’s store shelves got less expensive. A wave of imports from China and other emerging economies helped push down the cost of video games, T-shirts, dining tables, home appliances and more. Those imports drove some American factories out of business, and they cost more than a million workers their jobs. Stung by shuttered factories, cratered industries and prolonged wage stagnation, Americans in 2016 elected a president who vowed to hit back at China on trade. In separate but overlapping efforts, former President Donald J. Trump and President Biden have sought to revive and protect American factories by making it more expensive to buy Chinese goods.

Persons: Donald J, Trump, Biden Organizations: Walmart, Amazon, Mr Locations: China, United States, U.S

☆ Not finding love is a top worry for 1-in-4 Gen Zers, poll shows: 3 tips for coping with the fear of being single
▼ + stars: | 2024-05-17 | by ( Renée Onque | ) www.cnbc.com time to read: +4 min

A quarter of Gen Zers polled in February noted "not finding love" as their greatest worry, according to an EduBirdie survey of 2,000 participants from the generation. Finding a life partner was one of the biggest perceived challenges for 22% of those polled — a bigger concern for them than finding meaningful career opportunities. Some Zoomers seem to be getting married at younger ages and while they're jumping the broom and starting families, a number of unpartnered Gen Zers are dealing with anxiety about their romantic future. For Gen Zers looking for love, the playing field is a little different than that of Millennials when they were in their 20's. Really assess the quality of the connections in your life because loneliness can affect you even when you're surrounded by people.

Persons: Gen Z, Gen Zers, Zers, Lisa Marie Bobby, Bobby, Anastasiya, Pochotna, It's Organizations: CNBC

☆ Top Street analyst is right about the stock of this off-price retailer: It's a buy
▼ + stars: | 2024-05-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

A top Wall Street analyst's stellar endorsement of TJX Companies makes us want to buy more shares of the discount retailer. Matt Boss of JPMorgan — Jim Cramer's favorite retail analyst — said Friday that several off-price retailers, including Ross Stores , Burlington Stores , and Club holding TJX, were buys. One possible catalyst for TJX stock is the company's quarterly earnings report this coming Wednesday before the opening bell. Part of the reason is also the growing appeal in off-price retailers and discounters as consumers in higher and higher income brackets seek value. "I continue to think that Costco is the stock to buy off of Walmart," Jim said Thursday.

Persons: Matt Boss, JPMorgan, Jim Cramer's, —, Boss, HomeGoods —, Jim, TJX, Walmart's, Jim Cramer, Jeff Greenberg Organizations: TJX Companies, Ross Stores, Burlington Stores, JPMorgan, Walmart, Costco, TJX, CNBC, Universal, Getty Locations: Maxx, Port St Lucie , Florida

☆ As Tesla layoffs continue, here are 600 jobs the company cut in California
▼ + stars: | 2024-05-17 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

In an aerial view, brand new Tesla cars sit parked in a lot at the Tesla Fremont Factory on April 24, 2024 in Fremont, California. Faced with weakening demand for Tesla EVs and increased competition, the company has been slashing headcount since at least January. Previous filings revealed that Tesla would cut more than 6,300 jobs across California, Austin, Texas and Buffalo, New York. The WARN filing shows that to be the case, with many cut from the team at Tesla's Hanover Street location in Palo Alto. Read the latest WARN filing in California here:

Persons: —, Elon Musk, Tesla, Musk, Kato, CNBC's David Faber Organizations: Fremont Factory, California Employment Development Department, CNBC, Tesla, Tesla's, American, Twitter Locations: Fremont , California, California, Fremont, Palo Alto, Austin , Texas, Buffalo , New York, Tesla's Hanover, China, robotaxis, U.S

☆ 'Bridgerton' showrunner Jess Brownell breaks down Polin's future, the return of Kanthony, and 'more conflict to come' in part 2
▼ + stars: | 2024-05-17 | by ( Olivia Singh | ) www.businessinsider.com time to read: +13 min

Season three of "Bridgerton" centers on Polin, the ship name of Penelope Featherington (Nicola Coughlan) and Colin Bridgerton (Luke Newton). Nicola Coughlan as Penelope Featherington and Luke Newton as Colin Bridgerton on season three of "Bridgerton." AdvertisementClaudia Jessie as Eloise Bridgerton and Hannah Dodd as Francesca Bridgerton on season three, episode three of "Bridgerton." AdvertisementLuke Thompson as Benedict Bridgerton on season three, episode two of "Bridgerton." "Bridgerton" season three, part one is now streaming on Netflix.

Persons: Penelope Featherington, Nicola Coughlan, Colin Bridgerton, Luke Newton, Colin, Penelope, Whistledown —, Jess Brownell, Coughlan, Newton, Kate, Anthony Bridgerton, Laurence Cendrowicz, Luke Newton's, Erika Okvist, she's, Nicola, Liam Daniel, Penelope's, Mister Bridgerton, Bridgerton, Portia, Luke, There's, there's, Rhimes, they're, Eloise, Whistledown, Claudia Jessie, Eloise Bridgerton, Hannah Dodd, Francesca Bridgerton, Anthony, they'll, Jonathan Bailey, Simone Ashley, Cressida, She's, Benedict, Tilly Arnold, Luke Thompson, Benedict Bridgerton, Charlotte, Lady, Danbury's, Violet, Marcus Anderson, Marcus, she'll, we've, they've Organizations: Service, Netflix, Business, Lady Danbury Locations: Polin, That's, Danbury, Violet

☆ My youngest asked if I was sad there were no more teenagers in our house. Honestly, I'm not.
▼ + stars: | 2024-05-17 | by ( Leonie Jarrett | ) www.businessinsider.com time to read: +3 min

A new phase of parenting has started — parenting adults, three of whom still live at home. I'm not sure I'm sadI was sad when the kids hit other milestones. I had children at home, children at kindergarten, children at primary school, children at secondary school, children at play dates, and children at activities. Even so, having four children grow into adults in your house is a lot. I want to enjoy them nowSo, am I sad I don't have teenagers in the house anymore?

Persons: We've, I'm Organizations: Service

☆ Dodge and Ram boss Tim Kuniskis, father of the Hellcat, to retire from Stellantis
▼ + stars: | 2024-05-17 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Kuniskis will be replaced by Chrysler brand CEO Christine Feuell, who will lead Ram in addition to Chrysler, and Matt McAlear, who will be promoted from Dodge's sales lead to brand CEO and a member of Stellantis' top executive team. DETROIT – Stellantis ' Dodge and Ram brands CEO Tim Kuniskis is retiring after a nearly 32-year career with the automaker and its predecessors, the company announced Friday. I wish him well in his retirement," Stellantis CEO Carlos Tavares said in a release. "I am confident that Chris will continue the work of Tim in leading the iconic Ram brand. Matt will bring a fresh perspective, while continuing to draw on the heritage of our iconic Dodge brand and leading the transition of the brand toward a sustainable future."

Persons: Christine Feuell, Ram, Matt McAlear, Dodge, Tim Kuniskis, Tim, Carlos Tavares, Chris, Matt, Sergio Marchionne, Kuniskis, Mark Stewart Organizations: Chrysler, Challenger, Dodge, DETROIT, U.S, Fiat Chrysler, French, PSA Groupe, Goodyear Tire Locations: American, North America, Durango, South America, Asia, Pacific, China

☆ More and more stocks are joining the market's rally to new highs. Here's why and when to buy
▼ + stars: | 2024-05-17 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

The S & P 500 on Wednesday closed above 5,300 for the first time ever. The last time the S & P 500 Short Range Oscillator was this overbought was back in December. The upswing picked up after the S & P 500's most recent bottom on April 19 and pushed to this week's records. .SPX 1Y mountain S & P 500 - 1 year There is no telling whether the current overbought market will follow a similar pattern. Perhaps more telling, four of the bottom six sectors saw earnings estimates revised higher since the end of the first quarter.

Persons: Dow, Morgan Stanley, Stocks, it's, Rather, Jim Cramer's, Jim Cramer, Jim, Victor J Organizations: Federal Reserve, Palo Alto Networks, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty

☆ From discovery to purchase: here's how to activate the full funnel on TikTok
▼ + stars: | 2024-05-17 | by ( Sponsor Post | Sponsored Tiktok For Business | ) www.businessinsider.com time to read: +6 min

In fact, 65% of TikTok users are likely to buy a product that they previously saw on TikTok in the future,[1] and 61% of users have made a purchase either directly on TikTok or online after seeing an ad on TikTok. It's been a pleasure to work with the team at TikTok to develop our content and targeting strategy. The campaign's final phase focused on conversions and utilized TikTok's newest conversion product, Video Shopping Ads. To read more about the impact that short-form video platforms like TikTok have across the marketing funnel, dive into this report from research organization WARC. Sources:1 TikTok Marketing Science EUI TikTok for Full Funnel Research 2023 conducted by Material2 TikTok Marketing Science Global Shopping Ad Products Study 2022 conducted by Material February 2022 (n=17,937).

Persons: we've, It's, Tom Donegan, Sephora, PureGym, Brand, ghd, There's Organizations: PureGym, ghd, Brand, Insider Studios Locations: TikTok, Spain, ghd France, France, creatives

☆ OpenAI dissolves team focused on long-term AI risks, less than one year after announcing it
▼ + stars: | 2024-05-17 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

The news comes days after both team leaders, OpenAI co-founder Ilya Sutskever and Jan Leike, announced their departures from the Microsoft-backed startup. OpenAI's Superalignment team, announced last year, has focused on "scientific and technical breakthroughs to steer and control AI systems much smarter than us." "I joined because I thought OpenAI would be the best place in the world to do this research," Leike wrote on X. Leike wrote that he believes much more of the company's bandwidth should be focused on security, monitoring, preparedness, safety and societal impact. The update brings the GPT-4 model to everyone, including OpenAI's free users, technology chief Mira Murati said Monday in a livestreamed event.

Persons: Sam Altman, OpenAI, Ilya Sutskever, Jan Leike, OpenAI's, Leike, Altman, Sutskever, Helen Toner, Tasha McCauley, Adam D'Angelo, Ilya, Jakub Pachocki, Mira Murati, Murati Organizations: OpenAI, Hope, CNBC, Microsoft, Wired, Tuesday, Wall Street Locations: Atlanta, Leike, OpenAI

The question for some of us is, why some people want to keep working decades beyond retirement age? CNN Opinion editor Stephanie Griffith asked seven people who are past the conventional retirement age why they are still at the job and got as many responses as there were respondents. They continue to work happily and productively, and were happy to explain to us how and why they do it. Over the years I’ve had to adapt frequently to the changing technology, which isn’t always easy for someone my age. That may be the secret of working well past the time society tells us we’re supposed to retire.

Persons: CNN —, Howard Tucker, Tucker, he’ll, ” Tucker, Joe Biden, Donald Trump —, Trump, ageist, Biden, Stephanie Griffith, Vincent, Austin Tucker, I’ve, isn’t, “, Taylor Taglianetti, Gayle Fleming, it’s, I’m, —, Gayle Fleming Michael Ventura, Biden —, Charles Simon, Ana Marie Forsythe, Alvin, Ana Marie Forsythe Kyle Froman, — Joyce Trisler —, Joyce, She’d, Lester Horton, Alvin Ailey, Ailey, Ailey School Martha Graham, José Limón, Horton, don’t, Marjorie Perces, Cheryl Bell, didn’t, Babette Coffey, you’ve, you’re, David A, I, Pamela S, Donald Trump, Maggie Mulqueen, Alan Steele, Joan Steinau Lester, ”, Carole Johnson, — I’m, Octogenarians Organizations: CNN, Records, Biden, Vincent Charity Medical Center, Case Western Reserve University, St, AI Society, Computer, MSNBC, Society, Alvin Ailey School, Dance Media, Juilliard, Ailey School, Alvin, Alvin Ailey American Dance, Vassar College, Ailey, Horton Department, The New York Times, CBS, American, French Legion of, Social Security, Twitter Locations: Ohio, St, Cleveland, one’s, Seattle , Washington, Cambridge , Massachusetts, West, Horton, New York City, ”, Brookline , Mass, drmaggiemulqueen.com

☆ Under Armour is laying off workers as retailer says North America sales will plunge this year
▼ + stars: | 2024-05-16 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted the trend will get worse throughout its current fiscal year. The athletic apparel retailer also saw profits plunge by more than 96% during its fourth fiscal quarter, compared with the year ago period. During the quarter, sales in North America dropped 10% to $772 million, worse than the $780 million that analysts had expected, according to StreetAccount. The company said it expects sales to continue to worsen in North America. Analysts had expected earnings per share of 52 cents, according to LSEG.

Persons: Armour, Kevin Plank, Stephanie Linnartz, Plank, Linnartz Organizations: CNBC, LSEG, Analysts, Marriott, Armour Locations: Manhattan , New York City, North America

☆ Longtime tech investor Dan Niles is fundraising. He explains why he believes now is the time for his Satori Fund.
▼ + stars: | 2024-05-16 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +4 min

Read previewTwenty years after Dan Niles started running his tech-focused portfolio at Lehman Brothers, he's looking to grow. Niles, a longtime money manager running the Satori Fund and a frequent market commentator, has only recently taken over the fund entirely. After the collapse of Lehman Brothers, which the fund was a part of, Niles spun the fund out. Now, under a new brand — Niles Investment Management — and with the current market environment, Niles is eyeing hundreds of millions in new capital for the fund. "Since 2007, it's been the right product at the wrong time," Niles said about his strategy in an interview with Business Insider.

Persons: —, Dan Niles, Lehman, Niles, it's, he's, Stanley Druckenmiller, George Soros, I've Organizations: Service, Lehman Brothers, Business, Niles Investment Management, Google, Microsoft, Amazon Locations: Niles, West Coast, South Florida, Seattle

☆ At Last, Detroit Sees Population Grow, New Estimates Show
▼ + stars: | 2024-05-16 | by ( Julie Bosman | ) www.nytimes.com time to read: +1 min

After decades of painful decline, Detroit’s population grew in 2023, according to new estimates released on Thursday by the Census Bureau. The increase — to 633,218 from 631,366 residents — was slight, lifting Detroit to slightly below levels of 2021. City leaders have long promised to reverse Detroit’s long decline in residents brought on by the shrinking of the auto industry, flight to the suburbs and municipal bankruptcy. The new census estimates showed similar, moderate population rebounds for many big cities in the Midwest and Northeast after previous pandemic-era declines. In the Midwest, cities of that size grew 0.1 percent in 2023 after declining an average of 0.2 percent the year before.

Persons: — Organizations: Census, Detroit Locations: Midwest

Police officers on Thursday night raided a complex at the University of California, Berkeley, that had been occupied by pro-Palestinian protesters, taking several people away in handcuffs. A university spokesman said at least 12 people had been arrested, but that the number was expected to grow. The new encampment sprang up at the Anna Head complex on Wednesday after demonstrators dismantled another larger camp earlier this week following a tentative agreement with university officials. Some in the splinter group remained overnight in the complex, a fire-damaged structure near People’s Park, while others camped in tents outside it, hanging Palestinian flags and spray-painting the area. Around 6:30 p.m. on Thursday, dozens of officers from the California Highway Patrol and local police and sheriff’s departments began surrounding the area, using bullhorns to order protesters to disperse within 30 minutes or face arrest.

Persons: Anna Organizations: University of California, California, Patrol Locations: Berkeley, People’s

☆ What you need to know about skin cancer and how to prevent it, according to a doctor
▼ + stars: | 2024-05-16 | by ( Katia Hetter | ) edition.cnn.com time to read: +8 min

CNN —Skin cancer is by far the most common form of cancer in the United States, according to the American Cancer Society. As we head into summer, what do we need to know about the chance of developing skin cancer? In addition, those who are at increased risk for skin cancer should ask a dermatologist if they should receive regular skin exams. These include personal or family history of skin cancer, history of precancerous lesions such as actinic keratoses, certain genetic disorders such as xeroderma pigmentosum and history of immunosuppression. And it’s not only people who are fair-skinned who can have skin cancer; individuals of all colors, including those with brown and Black skin, can develop skin cancer.

Persons: Leana Wen, Wen, Anastasiia Organizations: CNN, American Cancer Society, Northern, George Washington University, Getty, Preventive Services Task Force, immunosuppression Locations: United States

☆ Elon Musk axed the entire Tesla Supercharger team after their division chief defied orders and said no to more layoffs
▼ + stars: | 2024-05-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewTesla CEO Elon Musk made the snap decision to fire the entire Supercharger team after its division chief refused to make further layoffs happen, Reuters reported on Wednesday. The billionaire said in an email to staff on April 29 that he was dissolving the entire team behind Tesla's charging infrastructure, per The Information. AdvertisementRepresentatives for Tesla, Musk, and Tinucci didn't respond to Reuters' request for comment. The Tesla chief moved quickly to assuage concerns, and assured investors that Tesla's Supercharger network isn't going anywhere. A slowdown in the rollout of Tesla's charging infrastructure would thus be a setback for Biden's clean-energy agenda.

Persons: —, Elon Musk, Musk, Rebecca Tinucci, Tinucci, Tesla's, Tesla, Mercedes Benz, haven't, Aaron Luque, Joe Organizations: Service, Reuters, Bloomberg, Business, Tesla, The, Motors, Ford, Politico, BI

☆ Oil prices rise on moderate U.S. inflation data, strong demand
▼ + stars: | 2024-05-16 | by ( ) www.cnbc.com time to read: +2 min

Oil prices extended gains from the previous session on Thursday on signs of stronger demand in the U.S. where data showed slower inflation than markets expected, strengthening the argument for an interest rate cut which could result in even stronger demand. U.S. crude oil, gasoline and distillate inventories fell, reflecting a rise in both refining activity and fuel demand, showed data from the Energy Information Administration, or EIA. Crude inventories fell 2.5 million barrels to 457 million barrels in the week ended May 10, the EIA said, versus the 543,000 barrel consensus analyst forecast in a Reuters poll. Signs of slowing inflation and stronger demand were supporting prices, ANZ Research said in a client note, as is geopolitical risk which it said remains elevated. Gains were constrained after the IEA trimmed its forecast for 2024 oil demand growth, widening the gap between its view and that of producer group OPEC.

Persons: Brent Organizations: U.S, West Texas Intermediate, Federal Reserve, Energy Information Administration, EIA, ANZ Research, OPEC, Global, Organization for Economic Co Locations: Nolan , Texas, U.S, East, Gaza, Rafah, Qatar, Egypt, Israel

☆ Drag queen Nymphia Wind performs at Taiwan’s presidential office
▼ + stars: | 2024-05-16 | by ( Christy Choi | Wayne Chang | ) edition.cnn.com time to read: +5 min

Taipei, Taiwan CNN —Taiwanese drag queen Nymphia Wind gave a riotous performance at Taiwan’s presidential office on Wednesday, celebrating her win on “RuPaul’s Drag Race” last month. Taiwanese drag queen Nymphia Wind shakes hands with Taiwan's outgoing leader Tsai Ing-wen. Taiwanese drag queen Nymphia Wind performs on May 15, 2024. Nymphia Wind attends "RuPaul's Drag Race" Season 16 finale screening at The Edge at Hudson Yards. Nymphia Wind and Jimbo onstage at the "RuPaul's Drag Race" season 16 finale screening event on April 19, 2024 in New York City.

Persons: Nymphia, Tsai Ing, Gaga’s “, Huang Fei’s “ Chase, Chase, ”, ” Nymphia, Tsai, Wang Yu Ching, Xi Jinping, Lai Ching, Taiwan’s, popstar, “, Sun, Sun Yat Sen, Santiago Felipe, Leo Tsao, that’s, Jimbo, ” Tsai Organizations: Taiwan CNN, Communist Party, Democratic Progressive Party, DPP, Facebook, Weibo, Sun Yat, Hudson Yards, Reuters Locations: Taipei, Taiwan, ” Taiwan, Beijing, Taiwanese, Asia, China, Taiwan’s, East, Santiago, West, New York City

☆ Canada Goose jumps 16% after the company reports growth surge in China
▼ + stars: | 2024-05-16 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Shares of Canada Goose surged 16% on Thursday after the company reported earnings for the fiscal fourth quarter and announced it was expecting year-over-year sales growth for fiscal year 2025. Here's how the company did:Earnings per share: 5 Canadian cents, which may not compare with estimates of 7 Canadian cents5 Canadian cents, which may not compare with estimates of 7 Canadian cents Revenue: CA$358 million (US$263 million), which may not compare with the CA$315.5 million (US$232 million) expected by LSEG. The broader Asia-Pacific region excluding Greater China was up 29.1%, and North American sales saw an increase of 24.5%. This upbeat performance comes after the company announced back in March that it was going to cut 17% of its corporate workforce. Canada Goose reported the layoffs had generated about CA$20 million (US$14.7 million) in productivity improvements and cost savings for the fiscal fourth quarter.

Persons: Canada Goose, Neil Bowden, Bowden Organizations: Canada, LSEG, Revenue, North, Asia Pacific Locations: Canada, Greater China, Mainland China, Hong Kong, Macau, Taiwan, Asia, Pacific, China, Macao, North America

☆ This 147-year-old company that's been trailing the market is ready for big upside, some analysts say
▼ + stars: | 2024-05-16 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Despite AT & T 's stock trailing the overall market, analysts from JPMorgan and Wells Fargo think the storied company is well positioned for long-term growth. AT & T dates back to 1876, when Alexander Graham Bell invented the telephone and then founded Bell Telephone Company a year later. Both JPMorgan and Wells Fargo think the firm can continue to grow its wireless business with a steady stream of new customers. The analyst maintains an overweight rating on AT & T stock with a $20 per share price target, implying 15% upside moving forward. In the first-quarter, the company said it reported the lowest level of postpaid customer churn for that time period ever.

Persons: Wells, Sebastiano Petti, Alexander Graham Bell, Petti, Wall, Eric Luebchow Organizations: JPMorgan, Bell Telephone Company, 5G

☆ Scientists Calculated the Energy Needed to Carry a Baby. Shocker: It’s a Lot.
▼ + stars: | 2024-05-16 | by ( Carl Zimmer | ) www.nytimes.com time to read: +1 min

It takes a lot of energy to grow a baby — just ask anyone who has been pregnant. In a study published on Thursday in the journal Science, Australian researchers estimated that a human pregnancy demands almost 50,000 dietary calories over the course of nine months. That’s the equivalent of about 50 pints of Ben and Jerry’s Cherry Garcia ice cream, and significantly more than the researchers expected. Previous estimates were lower because scientists generally assumed that most of the energy involved in reproduction wound up stored in the fetus, which is relatively small. But Dustin Marshall, an evolutionary biologist at Monash University, and his students have discovered that the energy stored in a human baby’s tissues accounts for only about 4 percent of the total energy costs of pregnancy.

Persons: Jerry’s Cherry Garcia, Dustin Marshall Organizations: Science, Monash University Locations: Ben

☆ Interest-rate cuts could be coming this fall, adding another wrinkle to an election set to focus on the economy
▼ + stars: | 2024-05-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, inflation is cooling just in time for a US presidential election that will likely focus heavily on the economy . This story is available exclusively to Business Insider subscribers. The big storyThe economy and the electionAnna Moneymaker/Getty, Anna Moneymaker/Getty, Tyler Le/BISometimes, the biggest surprise is when there isn't one at all. AdvertisementOn Wednesday, Biden and Trump agreed to face off in two debates, the first coming in June . Now he has 18 direct reports, according to an internal org chart seen by Business Insider.

Persons: —, Anna Moneymaker, Tyler Le, haven't, Insider's Madison Hoff, they're, Jennifer Sor, Ed Yardeni, Jerome Powell hasn't, Powell, Donald Trump, Joe Biden, Trump, Biden, Trump's, Alyssa Powell, Keith Gill's, Jim Simons, Shaw, Goldman Sachs, David Kostin, Sameer Samat, Sundar Pichai, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Biden, White, Democratic, Renaissance Technologies, Sigma, Bloomberg, Android, Google, Microsoft, Apple, Walmart Locations: New York, London

☆ Many Indian stocks are in a 'bubble,' investor says, revealing the stock he just sold
▼ + stars: | 2024-05-16 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

India's mid-cap stocks are in a "bubble" despite the country's promising economic prospects, according to contrarian fund manager Jonathan Pines. Pines added that he's unable to justify current stock prices, even when accounting for "aggressive assumptions" about future growth in India's mid-cap stocks. The mid-cap 'bubble' Pines revealed that his fund recently held two Indian stocks, one of which was SJVN . SJVN, a mid-cap stock in the hydropower energy sector, has experienced a "vertical price" movement, which Pines attributed to a potential bubble in the Indian mid-cap market. The only 'reasonable' Indian stock On the other hand, GAIL India , a natural gas distribution company, remains the sole Indian stock in Pines' portfolio.

Persons: Jonathan Pines, it's, Pines, Rohit Natarajan, SJVN, Sudhanshu Bansal, GAIL India, GAIL Organizations: Federated, Antique, JM Financial, Federated Hermes Asia Locations: Pines, Japan, India, India's, U.S

☆ Refinancing student debt is risky amid Biden forgiveness push. Borrowers 'forever lose access' to safety nets, advocates say
▼ + stars: | 2024-05-16 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

(For example, federal student loan borrowers can pause their payments if they become unemployed, return to school or get cancer.) But advocates have fresh warnings now as the Biden administration reforms the federal student loan system. Millions more federal student loan borrowers could receive debt forgiveness in the coming months if Biden's revised relief package survives legal challenges this time. PSLF allows certain not-for-profit and government employees to have their federal student loans cleared after 10 years of on-time payments. (The rates on federal student loans for the 2024-2025 academic year will range from roughly 6.5% to 9%.)

Persons: Biden, Joe Biden, Biden's, who've, PSLF, I've, they'd refinanced, —, Yu, Mark Kantrowitz, Kantrowitz Organizations: U.S . Department of Education, Education Department, Public, Art Institute, Art, Education Management Corp, Valuable Education Locations: Mayotte, Iowa , Massachusetts, Pennsylvania

Search resuls for: "Grow"

25 mentions found