DIRS.INFO The most relevant business & tech news

☆ Hispanic unemployment rate declines in September
▼ + stars: | 2023-10-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Andrew Lichtenstein | Corbis News | Getty ImagesThe U.S. unemployment rate held steady in September, but ticked down among Hispanic workers, according to data released Friday by the U.S. Labor Department. The unemployment rate held steady at 3.8%, and came in slightly ahead of a 3.7% forecast. Broken down, it dipped to 4.3% from 4.4% among Hispanic women and held steady at 4.3% for Hispanic men. However, it does mark a stark from the depths of the pandemic when the group experienced the highest unemployment rate, according to Gould. Among Black men, the unemployment rate increased to 5.6% from 5%, and fell to 4.5% from 4.7% among Black women.

Persons: Andrew Lichtenstein, September's nonfarm, Dow Jones, Michelle Holder, Elise Gould, Gould Organizations: Brooklyn Puerto Rico Day, Corbis, U.S . Labor Department, John Jay College, Economic Policy Institute Locations: Bushwick, Brooklyn , New York, New York

☆ Champion used to be one of the hottest athletic brands. Now it's struggling and could be up for sale — here's how it got to this place
▼ + stars: | 2023-09-27 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +4 min

But the brand's sales are falling behind, and HanesBrands is considering selling Champion. Here's how Champion became popular among athletes, college students, and hip-hop artists. Champion is one of the oldest American sportswear brands, and it claims to have invented both the hoodie sweatshirt and the sports bra. Champion became popular among college students and athletesChampion sweatshirts are popular among college students. Hip-hop artists popularized sportswear brands like Champion.

Persons: Gen Zers, —, Michael Jordan, Stephen Bratspies, HanesBrands, sweatshirts, Rick Friedman, Jean Baptiste Lacroix, Getty, athleisure, Brands, millennials, Davidson, Muhammad Ali, Kylie Jenner, Chance Organizations: Service, US, Getty, Knitting Mills Inc, Wentworth Military Academy, NBA, NFL, US Olympic, Getty Champion, juggernauts, Nike, Adidas, Reebok, Beastie Boys Locations: Mills, Rochester , New York, America, Target

☆ Maui wildfire death toll of 55 expected to rise amid search for victims
▼ + stars: | 2023-08-11 | by ( Marco Garcia | ) www.reuters.com time to read: +5 min

KAHULUI, Hawaii, Aug 11 (Reuters) - The death toll from a wildfire that killed at least 55 people on Hawaii's Maui island was expected to rise on Friday, as search teams prepared to comb through the charred ruins of a historic resort town for more victims. "Understand this: Lahaina Town is hallowed, sacred ground right now," Maui Police Chief John Pelletier said, referring to humans remains that have yet to be recovered. In addition to searching for the missing, officials were drafting a plan to house the newly homeless in hotels and tourist rental properties. The Lahaina fire is one of three major wildfires on Maui. There was no estimate for the Upcountry fire in the center of the eastern mass of the island, Maui County said.

Persons: John Pelletier, Poweroutage.us, Richard Bissen, NBC's, Knickerbocker, Josh Green, Green, Kamehameha III's, Gregory Knickerbocker, Nicoangelo, Brendan O'Brien, Frank McGurty, Jonathan Oatis Organizations: Maui Police, Authorities, U.S . Midwest, Hawaii Wildfire Management Organization, Reuters Graphics Reuters, Reuters, Thomson Locations: KAHULUI, Hawaii, Maui, Lahaina, California, Washington, Maui County, Oahu, Kahului, U.S, Kingdom of Hawaii, Greece, Spain, Portugal, Europe, Canada, East Coast, Maui ., Chicago

☆ Michael Burry compares government's bank rescue to J.P. Morgan's stand that reversed Panic of 1907
▼ + stars: | 2023-03-15 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

"The Big Short" investor Michael Burry said regulators' extraordinary action to backstop regional banks should be enough to resolve this crisis and stabilize the financial markets. "In October 1907, Knickerbocker Trust failed due to risky bets, sparking a panic. 3 weeks later the Panic resolved & markets bottomed," Burry said in tweet Wednesday. More than a century ago, the financial crisis known as the "Panic of 1907" took place where there were numerous runs on banks, including Knickerbocker Trust. Burry was depicted in Michael Lewis' book "The Big Short" and the subsequent Oscar-winning movie of the same name.

☆ Fintech startup Ampla buys Upside Financing to launch a buy now, pay later service for consumer-facing businesses
▼ + stars: | 2022-11-01 | by ( Emilia David | ) www.businessinsider.com time to read: +4 min

It closed the deal to buy Upside Financing, which extends payment terms for companies, in October. The new buy now, pay later service will be called Ampla Pay Later and be available soon. With funding to fintech startups in a freefall, acquisitions in the buy now, pay later space have started to heat up. Upside will bring all of its employees to Ampla, with Mares heading Ampla Pay Later. "And the larger the burden for brands, [BNPL] provides another option for consumer brands to grow more efficiently and responsibly."

☆ Made Men: A photo tour of the most notorious sites of New York Mafia history – and what they look like now
▼ + stars: | 2021-07-23 | by ( Andrew Lichtenstein | ) www.businessinsider.com time to read: +25 min

Andrew Lichtenstein for InsiderManhattan's Hell's Kitchen neighborhood, on the western edge of Midtown, got its name from its crowded tenements. On March, 13, 2019, Gambino family crime boss Frankie Cali was shot dead in the driveway outside his Todt Hill home. Andrew Lichtenstein for InsiderThe service road to the Belt Parkway runs through the northern edge of the Brighton Beach neighborhood. John Gotti's Family Home, Howard Beach, QueensThe home where John Gotti, the leader of the Gambino crime family. It's here that John Gotti, the leader of the Gambino crime family and thus the 'Godfather' of the American mafia, lived and raised his family.

Search resuls for: "Knickerbocker"

6 mentions found