DIRS.INFO The most relevant business & tech news

☆ Bank of America lays out the exact scenario that could finally pop the stock market's AI bubble
▼ + stars: | 2024-04-26 | by ( Joe Ciolli | Filip De Mott | ) www.businessinsider.com time to read: +3 min

Bank of America says the ongoing "anything but bonds" bull market has led to a very top-heavy stock market. The firm is watching real 10-year yields and credit spreads for signals of when that AI-led rally could end. BofA says higher yields and tighter spreads could sound recession alarms and spur a stock sell-off. The key piece is the cohort of mega-cap tech companies that have long dominated stock-market performance, largely because of their affiliation with AI. In the meantime, if you subscribe to BofA's view, you should be watching the 10-year real yield for a signal of when any such downturn is coming.

Persons: BofA, —, YCharts There's Organizations: of America, Service, Bank of America, Apple, Nvidia, Microsoft

☆ Live updates: Tesla to report quarterly earnings today after market close
▼ + stars: | 2024-04-23 | by ( Joe Ciolli | Matthew Fox | ) www.businessinsider.com time to read: +1 min

Tesla reports first-quarter earnings on Tuesday. The EV maker has been under pressure after a reported pivot away from a low-cost vehicle model. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTesla will report first-quarter earnings on Tuesday after the closing bell.

Persons: Tesla, — Organizations: Service, Business

☆ Welcome to the Masters, a staple of the billionaire's social calendar
▼ + stars: | 2024-04-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're doing a deep dive into the golf tournament at one of the most exclusive clubs in the world . Mike Ehrmann/Getty ImagesHarvard University alumni, Goldman Sachs partners, Birkin bag owners — those exclusive groups are nothing compared to an Augusta National Golf Course membership. The Masters Tournament, the first of four men's major golf tournaments, kicks off today , write Business Insider's Madeline Berg and Taylor Rains. Since it's almost impossible to check out Augusta National otherwise, the Masters has become a staple of the billionaire's social calendar. Augusta National runs a lottery system for them.

Persons: —, Mike Ehrmann, Goldman Sachs, Birkin, Madeline Berg, Taylor, it's, Cork Gaines, aren't, Joe Ciolli, didn't, Chelsea Jia Feng, Bill Smead, Brad Porter, Elon Musk's, Y, Paul Graham, Alyssa Powell, Larry Ellison, David Ellison, Larry Ellison's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Getty Images Harvard University, Augusta, Waste, bros, Augusta National, Renaissance Technologies, Sigma, Robotics, Amazon Robotics, xAI, Paramount, Oracle, Google, JPMorgan, SpaceX Locations: Augusta, swag, Chelsea, D.E, Shaw's Valence, New York, London

☆ The Masters merch scene is a feeding frenzy unlike anything I've ever seen before
▼ + stars: | 2024-04-11 | by ( Joe Ciolli | ) www.businessinsider.com time to read: +6 min

AdvertisementWhen the Masters golf tournament starts this Thursday, those watching on TV will be treated to the usual assortment of visuals: lush green grass, immaculate flower beds, and the world's greatest players putting on a show. But at the actual tournament, an even fiercer competition will be raging behind the scenes: the battle for authentic Masters merch. It stretched back 50 feet from the actual entrance, which was followed by a series of winding metal gates reminiscent of a TSA checkpoint. AdvertisementA sea of people near the entrance of the Masters golf shop, on April 9, 2024. It's also possible people are less merch-obsessed from Thursday to Sunday when the actual tournament is going on.

Persons: didn't, —, Tiger Woods, Scottie Scheffler, Christian Petersen, wasn't, would've, It's, Ben Jared, they'd Organizations: Service, Masters, Augusta National Golf Club, eBay, TSA, Disney, Forbes Locations: swag, snaking, merch

☆ McDonald's is in the midst of some big changes that show the changing tides in the world of fast food
▼ + stars: | 2023-12-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at some of the recent big changes at McDonald's, including the launch of a new restaurant concept. AdvertisementCold foam and oat milk are big business, as drink modifiers add up to roughly $1 billion in revenue for Starbucks. McDonald's app has grown over the years, with over 57 million active members, but it still leaves much to be desired. To be sure, 10 CosMc's is not even a drop in the bucket of McDonald's 40,000-plus restaurant empire.

Persons: —, I'm, Joe Ciolli, Iman Jalali, Nancy Luna, It's, McDonald's, Nancy, CosMc's, Jamie Dimon, Jerome Powell, Jose Luis Magana, Ryan Detrick, Niklas Halle'n, Rebecca Zisser, Jeff Bezos, OpenAI's Ilya Sutskever doesn't, Sam Altman's, hasn't, Elon Musk's, Ben Bergman, Adam Neumann's, Insider's Ben Bergman, Z, Donald Trump, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Starbucks, Nancy, McDonalds, McDonald's, Reserve, Banking, Housing, Urban Affairs, Capitol, Carson Group, Getty Images, San, Sutskever, Visual China, Getty, Fort, Trump Organization, Trump Organization . Golden Globe Locations: Chicago, , Illinois, Texas, Washington, AFP, San Francisco, Fort Lauderdale, New York City, San Diego, London, New York

AdvertisementEarlier this week, Iman Jalali, a real estate investor in the greater Chicago area, had business in Bolingbrook, Illinois, and decided to take a detour to visit McDonald's new spinoff concept: CosMc's. AdvertisementA menu board in front of an CosMc's restaurant Iman Jalali"It's surprising. There's a spicy queso sandwich and classic McDonald's breakfast options like the Egg McMuffin and Sausage McMuffin with Egg. Joe CiolliA close-up shot of the drone Joe CiolliFrom his car, Jalali asked someone near the drive-through: "Hey, are you open?" The chain did not respond to Business Insider's request for comment on CosMc's menu.

Persons: McDonald's, —, Iman Jalali, Jalali, Iman, Joe Ciolli, Ciolli Organizations: Service, Business Locations: Chicago, Bolingbrook , Illinois, Boston, Dutch, Oregon, CosMc's, Illinois

☆ Live updates: Delta Air Lines reports 3rd-quarter earnings
▼ + stars: | 2023-10-12 | by ( Joe Ciolli | ) www.businessinsider.com time to read: 1 min

Delta Air Lines will report third-quarter earnings on Thursday, Oct. 12. AdvertisementAdvertisementThe company's stock is up 8.2% year-to-date, compared to 13% for the benchmark S&P 500. All but one of the 22 analysts who cover the stock have a "buy" rating on it, according to Bloomberg. "Simply put, we continue to view Delta as the industry leader among full-service airlines," JPMorgan analysts wrote in a recent earnings-preview note. "We believe DAL has the ability to emerge from the COVID-19 crisis with higher margins."

Persons: DAL Organizations: Delta Air Lines, Bloomberg, JPMorgan

☆ The tightrope CEOs are walking is getting more precarious
▼ + stars: | 2023-06-15 | by ( Josée Rose | ) www.businessinsider.com time to read: +8 min

Practically, it's about so much more — and CEOs these days are being held accountable for more than profits. There's also the notion of social justice — which often sees CEOs encountering criticism when they speak up on culturally sensitive issues, or facing blowback if they stay silent. Brands like Disney, Target , Bud Lite and North Face face consequences for expressing a view, including boycotts, online protests, and threats of violence. It's OK to avoid constantly getting into the fray; instead, pick moments that enforce the company's values. When CEOs do decide to take a public stance, Eber said that their PR teams are there to help.

Persons: Insider's Hasan Chowdhury, aren't, —, There's, George Floyd, Roe, Wade, Karen Eber, Chowdhury, Eber, Richard Hytner, Bud Lite, Insider's Kelsey Vlamis, Bud, influencer Dylan Mulvaney, Heinerscheid, Bud Light's, we're, LIV Golf, Insider's Joe Ciolli, LIV, Jay Monahan, Monahan, I've Organizations: Service, Pride, Saatchi, Saatchi's, CNN, Street, Brands, Disney, Target, Anheuser, Busch InBev, PGA, LIV, Wall Street, PGA Tour Locations: It's, Europe, Middle East, Africa, Saudi, Saudi Arabia

☆ Saudi Arabia's cold-blooded crown prince keeps winning
▼ + stars: | 2023-06-08 | by ( Joe Ciolli | ) www.businessinsider.com time to read: +3 min

The recent PGA-LIV golf merger is the latest example of growing Saudi influence on sports. Originally viewed as a deep-pocketed but unserious distraction from the PGA Tour, they effectively muscled into the picture through sheer financial willpower. The new PGA Tour might look a whole lot like the old one, except with a far wealthier outside party controlling the purse strings. And that's kind of been the Saudi strategy as Crown Prince Mohammed bin Salman has expanded his influence over multiple sports worldwide. Detailed below are the six recent high-profile examples of how the Saudi PIF keeps winning:

Persons: Mohammed bin Salman, LIV, Prince Mohammed bin Salman, Prince Mohammed's, Jamal Khashoggi, Saudi PIF Organizations: Saudi Public Investment Fund, Morning, PGA, LIV, PGA Tour, English Premier League team, Saudi, league, Prince, CIA Locations: England, Saudi, Saudi Arabia

☆ A perfectly timed trade 24 minutes before the SEC's big crypto crackdown likely made an investor millions
▼ + stars: | 2023-06-07 | by ( Joe Ciolli | ) www.businessinsider.com time to read: +3 min

This week's crypto-industry crackdown by the SEC has sent the price of Coinbase stock falling. Just 24 minutes before the SEC announced its lawsuit against Binance, a trader made a big options trade betting on a stock decline, Bloomberg found. Depending on if and when the trader closed their position, the wager could've paid out up to $2.6 million. As the regulatory authority announced back-to-back lawsuits, first against Binance and then against Coinbase, asset prices pegged to the industry tumbled. Few felt the brunt of the crackdown quite like Coinbase stock itself.

Persons: —, Matt Turner, David Marino, would've, Coinbase Organizations: SEC, Binance, Bloomberg, Service

☆ Most people feel like they're too busy attending meetings and sending messages to actually think at work
▼ + stars: | 2023-06-07 | by ( Josée Rose | ) www.businessinsider.com time to read: +5 min

The average worker spends 57% of her time communicating in meetings, email, and chat, says Microsoft. So if all of us are answering emails or going to meetings, when are we doing actual work? The company found that within its Microsoft 365 applications, people spend 57% of their time communicating in meetings, email, and chat. A nifty feature on my Google Calendar tells me that I spend anywhere from 15 to 18 hours a week in meetings. Productivity measures the efficiency of the work done by a company and its employees by comparing output to hours worked.

Persons: —, I've, Slack, I'm, Joe Ciolli, they're, Ciolli, We've, biggie Organizations: Microsoft, Service Locations: America, smartly

☆ Everyone is getting less productive, and that's a big problem for the economy
▼ + stars: | 2023-06-06 | by ( Joe Ciolli | ) www.businessinsider.com time to read: +5 min

Even though the economy feels largely fine right now, such a decline has been a leading indicator of past recessions. Labor productivity has fallen for five straight quarters on a year-over-year basis, the longest such streak on record. Productivity is important to the economy because it's the primary input for a population's standard of living. As Insider reported in March, major retailers like Walmart, Target, and Kroger are locked in a labor-hoarding war over hourly employees that's pushed pay higher. In the meantime, the decline in productivity is setting off alarm bells for the economy.

Persons: —, Taylor Swift, they're, Larry Summers, Summers, Mark Zuckerberg, Marc Benioff, OpenAI's, there's, It's, Paul Tudor Jones, Ed Yardeni, Goldman Sachs Organizations: Service, Airlines, Bureau of Labor Statistics, Labor, Washington Post, Walmart, Target, Kroger, Stanford, MIT, Fortune, Brookings Institute

☆ Buy these 6 semiconductor stocks that offer upside as they fuel the AI revolution, Bernstein says
▼ + stars: | 2023-06-05 | by ( Joe Ciolli | ) www.businessinsider.com time to read: +2 min

Tech stocks are riding high thanks to excitement surrounding artificial intelligence. But Bernstein says the semiconductor companies powering AI could be an even better investment. If you've followed the stock market in recent weeks, you've surely heard about Nvidia's astronomical rise. Investors have taken note and are trying to ride the wave higher, pouring a record $8.5 billion into AI tech funds last week alone. Further upstream from these AI pioneers — and also offering stock gains — are the semiconductor companies that actually produce the chips that power these assorted technologies.

Persons: Bernstein, you've, Goldman Sachs, —, doesn't, Mark Li, They're Organizations: Nvidia, Meta, Microsoft, Investors

☆ A conflict with China over Taiwan would impact the global economy 'in ways that we cannot imagine,' US Defense Secretary warns
▼ + stars: | 2023-06-03 | by ( Joe Ciolli | ) www.businessinsider.com time to read: +3 min

US Secretary of Defense Lloyd Austin had some harsh words for his Chinese counterparts on Saturday. At Asia's top security summit, Austin said a possible US-China conflict over Taiwan could "affect the global economy in ways that we cannot imagine." It was part of a broader address that rebuked China for not being willing to meet at the summit. "The whole world has a stake in maintaining peace and stability in the Taiwan Strait, the whole world," said Austin. The comments were part of a broader address that saw Austin rebuke China for not engaging in military talks.

Persons: Defense Lloyd Austin, Austin, —, National Defense Li Shangfu —, Shangfu, Matthew Pottinger, Trump, Tesla, Elon Musk Organizations: Defense, Service, Bloomberg, —, National Defense, Reuters, CNBC Locations: China, Taiwan, Singapore, Taiwan Strait, Austin, Canadian

☆ We just got 2 alarming signals that an economic slowdown is upon us
▼ + stars: | 2023-06-02 | by ( Joe Ciolli | ) www.businessinsider.com time to read: +4 min

Dollar General cut its profit estimate for 2023 on Thursday. The first of two jarring pieces of evidence comes in the form of first-quarter earnings from Dollar General. The fact that they're not immune to a broader pullback in consumer spending is a big red flag for the US economy. Speaking of which, a bit further up the affluence scale, Macy's turned in an earnings stinker of its own. The department-store giant offered disappointing second-quarter projections and — like Dollar General — slashed full-year projections.

Persons: It's, Macy's, —, Jeffery Owen, Kelly Dilts, it's, Jeff Gennette, Paul Tudor Jones, Larry Summers —, Target Organizations: Service, Dollar, Federal Reserve, Walmart, Target Locations: Wall, American

☆ How screwed is WeWork? One of its bonds trades at 56 cents on the dollar, and Fitch Ratings thinks default is a real possibility.
▼ + stars: | 2023-05-19 | by ( Alistair Barr | Joe Ciolli | ) www.businessinsider.com time to read: +3 min

One of its bonds trades at 56 cents on the dollar, and Fitch thinks default is a real possibility. One of WeWork's bonds, which matures in 2025, recently traded at 56 cents on the dollar, according to Bloomberg data. A healthy company's debt often trades at 100 cents on the dollar, or at a very slight discount. Fitch upgraded WeWork's issuer default rating to 'CCC-', in a nod to the debt restructuring. Discussions of debt restructuring represent a striking new low for a company that used to be one of the most valuable startups ever.

☆ Big firms are filing for bankruptcy left and right — and it's just the beginning
▼ + stars: | 2023-05-15 | by ( Joe Ciolli | ) www.businessinsider.com time to read: +4 min

Vice Media headlined a group of seven major companies that filed for bankruptcy in a recent 48-hour period. Fast-forward to the present, when Vice — saddled with liabilities of up to $1 billion — has filed for bankruptcy. Still, an uptick in bankruptcy filings clearly demonstrates increasing economic stress. Retailers from Bed Bath & Beyond to David's Bridal have filed for bankruptcy in recent weeks. Envision Healthcare — a medical-staffing company backed by KKR — was one of the six firms to declare alongside Vice.

☆ Crypto is either dead in the water or about to notch new records as soon as next year - it depends on who you ask
▼ + stars: | 2023-04-25 | by ( Max Adams | ) www.businessinsider.com time to read: +6 min

You can scroll a bit further down for the market's reaction to the stunning Tucker Carlson announcement, but for today, we're turning our attention to crypto. If you ask Chamath Palihapitiya, that's because crypto crossed the wrong people and now it's dead, at least in the US. While crypto may be "dead in America," bitcoin is still going to $100,000. The housing market is close to bottoming and that could stave off a bad recession. That's according to Morgan Stanley, which wrote in a research note that housing is linked to broader business cycles.

☆ The stock market is quiet right now. Perhaps too quiet.
▼ + stars: | 2023-04-25 | by ( Joe Ciolli | ) www.businessinsider.com time to read: +3 min

By multiple measures, the stock market is the calmest it's been since the end of 2021. JPMorgan quant guru Marko Kolanovic says the equity market is far too placid right now, considering all the headwinds it's facing. He says technical factors are suppressing volatility in the face of rising rates, credit tightening, and macro risks. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyThe stock market is awfully quiet right now. Those rising rates have led to a tightening of credit availability, a dynamic reinforced by recent banking-system turmoil.

☆ 3 ways the $800 billion AI explosion will boost Tesla's stock in the future
▼ + stars: | 2023-04-24 | by ( Joe Ciolli | ) www.businessinsider.com time to read: +2 min

In a new note to clients, the firm looked at how the AI boom will impact the market's top tech titans. Detailed below are three ways Wedbush sees AI opportunities helping Tesla's stock in the future. Ives also has thoughts on how Musk's forays into AI can boost shares of his crown jewel: Tesla. He sees three ways its implementation can help drive stock gains in the future. "That could lead to further improvements of Tesla's supply chain by opening up limitless labor supply for production lines while improving its cost structure during a labor constrained environment," he wrote.

☆ 13 must-see charts, plus an $875 mini bitcoin-mining rig
▼ + stars: | 2021-07-25 | by ( Business Insider | ) www.businessinsider.com time to read: +2 min

We spoke to Grayscale Investments CEO Michael Sonnenshein about the firm's new DeFi index fund. If you aren't yet a subscriber to Insider Investing, you can sign up here. Read the full story here:Idan AbadaIdan Abada has gone viral on TikTok with an $875 mini bitcoin-mining rig. Read the full story here:Grayscale InvestmentsGrayscale Investments has launched a DeFi index fund in collaboration with CoinDesk Indexes. The market-cap-weighted index fund is Grayscale's 15th product and tracked 10 tokens as of July 1.

☆ How to spot short squeezes, plus 27 must-read crypto books
▼ + stars: | 2021-07-18 | by ( Business Insider | ) www.businessinsider.com time to read: +1 min

hoto Illustration by Omar Marques/SOPA Images/SOPA Images/LightRocket via Getty ImagesHello and welcome to Insider Investing. Here's what's on the docket:If you aren't yet a subscriber to Insider Investing, you can sign up here. Longtime GameStop analyst Michael Pachter shared with us how investors can spot squeezes — and also successfully short stocks themselves. We asked 15 crypto experts for their top book recommendations to help you get smarter on crypto, and ended up with 27 prime recommendations. The fund's managers told Insider about their highly diversified approach to stocks, which includes both long and short bets.

☆ How to mine doge, plus a playbook for trading meme stocks
▼ + stars: | 2021-07-11 | by ( Business Insider | ) www.businessinsider.com time to read: +1 min

Welcome to this weekly roundup of Investing stories from deputy editor Joe Ciolli. Yuriko Nakao/Getty ImagesHello and welcome to Insider Investing. I'm Joe Ciolli, and I'm here to guide you through the current market and investing landscape. Here's what's on the docket:If you aren't yet a subscriber to Insider Investing, you can sign up here. Dason ThomasDason Thomas says he began mining crypto in his garage to earn altcoins like doge and litecoin.

☆ Playing the commodity supercycle, plus 10 cheap, disruptive tech stocks
▼ + stars: | 2021-06-27 | by ( Business Insider | ) www.businessinsider.com time to read: +1 min

Getty Images / Xinhua News AgencyHello and welcome to Insider Investing. I'm Joe Ciolli, and I'm here to guide you through the current market and investing landscape. Here's what's on the docket:If you aren't yet a subscriber to Insider Investing, you can sign up here. But he still shared with us 10 disruptive tech stocks that also look underpriced relative to peers, as well as the top tech themes worth investing in. He also authored the book "Fed Up," which details the fictional journey of a macro trader.

☆ Trading the Fed, plus insights from a 99th-percentile fund manager
▼ + stars: | 2021-06-20 | by ( Business Insider | ) www.businessinsider.com time to read: +2 min

Spencer Platt/Getty ImagesHello and welcome to Insider Investing. I'm Joe Ciolli, and I'm here to guide you through the current market and investing landscape. Here's what's on the docket:If you aren't yet a subscriber to Insider Investing, you can sign up here. Pool/Getty ImagesThe Federal Reserve left interest rates steady this past week while setting the stage for two hikes by year-end 2023. Read the full story here:Hennessy FundsFinancial-sector stocks have outperformed the rest of the market over the last several months.

Search resuls for: "Joe Ciolli"

25 mentions found