DIRS.INFO The most relevant business & tech news

☆ A new crop of startups wants to help solve loneliness among millennials and Gen Z. Here's how they're connecting strangers and making money.
▼ + stars: | 2024-05-10 | by ( Lauren Johnson | Sydney Bradley | ) www.businessinsider.com time to read: +10 min

Plus, the pandemic and the shift to working from home have made millennials and Gen Z lonelier than ever, thanks in part to doomscrolling. "I believe the conventional 'make friends' apps too closely mimic the dating model, which can feel awkward and high-pressure for making friends," he said. The group hosts "reading parties" at bars and event spaces with the goal of helping people connect through reading. Dinner With Friends, a group that throws dinner parties, has worked on sponsored events with brands like Bumble and Geneva. Dinner With Friends founder Anita Michaud said brands typically either sponsor entire dinners or provide products — like canned cocktails — for the dinner parties.

Persons: —, they've, Danial Hashemi, Sydney, Z, millennials, Cliff Lerner, Lisa Oreshkina, Saneblidze, Tom Worchester, Andreessen Horowitz, Victor Pontis, Luma, Liz Chick, Gen, Mira Hobbs, ReCreate's Chick, Anita Michaud, Peter Boyce II, Boyce, Maitree Mervana Parekh, Marlon Nichols, they're, it's, Ben Bradbury Organizations: Service, Business, Sydney Bradley, Big Tech, Tech, Timeleft, Reading, Facebook, VC, Wine, Bumble, New, Acrew, MaC Venture, Reading Rhythms Locations: New York City, Los Angeles, New York, Brooklyn, Squarespace, Lisbon, Amsterdam, London, San Francisco, Geneva

☆ KBW CEO Tom Michaud reacts to Fed decision's impact on banks and the inflation battle
▼ + stars: | 2024-05-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKBW CEO Tom Michaud reacts to Fed decision's impact on banks and the inflation battleTom Michaud, KBW CEO, joins 'Fast Money' to talk the impact of today's FOMC decision to leave rates unchanged and how that will impact banks, inflation, the economy, and more.

Persons: Tom Michaud

☆ As bank earnings come out, here are the red flags to watch out for this season
▼ + stars: | 2024-04-12 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

For example, we now have a higher interest rate environment that will add more pressure on deposit costs. There is anticipation of more builds for reserves, particularly for commercial real estate, but also possibly for credit cards. The commercial real estate problem is the main issue. "Anything that's levered like commercial real estate, it's a different world," Tom Michaud, CEO of Keefe, Bruyette & Woods, said in a recent interview on FactSet. "I expect more commercial real estate losses in every category, the question is whether it is going to be cataclysmic or is it going to be manageable."

Persons: Financials, Banks, Morgan Stanley, Wells, Wells Fargo, it's, Tom Michaud, Keefe, Woods Organizations: UBS, Credit Suisse, Bank of America, JPMorgan, Federal Reserve, First Republic, Regional Bank ETF, Bank, Allstate, Travelers Locations: Wells Fargo, Treasurys, Hartford

☆ Bank earnings season on deck: Here's what you need to know
▼ + stars: | 2024-04-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank earnings season on deck: Here's what you need to knowTom Michaud, KBW CEO, joins 'Money Movers' to discuss what he wants to hear from banks about credit and implications to commercial real estate, if there are still any mysteries with commercial real estate exposure, and more.

Persons: Tom Michaud Organizations: Email Bank

☆ NYCB woes don't signal what's going to happen to the whole industry, says KBW CEO
▼ + stars: | 2024-03-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNYCB woes don't signal what's going to happen to the whole industry, says KBW CEOKBW CEO Tom Michaud joins 'Squawk on the Street' to discuss the systemic risk around New York Community Bank, why commercial real estate struggles are very bifurcated, and more.

Persons: Tom Michaud Organizations: New York Community Bank Locations: New

☆ KBW CEO on banking warning signs: Commercial real estate losses not a systemic risk
▼ + stars: | 2024-02-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKBW CEO on banking warning signs: Commercial real estate losses not a systemic riskThomas Michaud, KBW president and CEO, joins 'Squawk on the Street' to discuss what the chief executive makes of the commercial real estate sector's impact on the banks, the gap between the bulge bracket banks and the others, and much more.

Persons: Thomas Michaud

☆ Watch CNBC's full interview with KBW CEO Tom Michaud
▼ + stars: | 2023-12-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with KBW CEO Tom MichaudTom Michaud, KBW CEO, joins 'Fast Money' to talk tomorrow's bank CEO hearing, the fintech space, the possibility of a breakout in the space and much more.

Persons: Tom Michaud Tom Michaud

☆ Big bank executives will assure lawmakers the industry's crisis is over, KBW CEO Thomas Michaud predicts
▼ + stars: | 2023-12-05 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +1 min

Big bank CEOs will likely convey deposits and earnings are stable to lawmakers on Wednesday, according to a major financial services executive. Thomas Michaud, CEO of Stifel company Keefe, Bruyette & Woods, thinks the hearing before the Senate Banking Committee will successfully provide assurance to Washington and Wall Street. "The targeted approach to change deposit insurance to reduce the 'too big to fail' thinking, so depositors don't run like that. He thinks action is needed to keep mid-sized banks competitive with the big banks — starting with lifting Federal Deposit Insurance Corp coverage limits for small businesses. "If deposit insurance reform in my opinion doesn't happen, there's going to be tremendous pressure on those [mid-size] banks to consolidate," Michaud said.

Persons: Thomas Michaud, Keefe, Jamie Dimon, Goldman Sachs, David Solomon, " Michaud, He's, Michaud Organizations: Wall, . Banking, Silicon Valley Bank, Signature Bank, First, Federal Deposit Insurance Corp Locations: Washington, Silicon, First Republic

☆ Banks re-positioning for monster move, suggests KBW CEO Tom Michaud
▼ + stars: | 2023-12-05 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBanks re-positioning for monster move, suggests KBW CEO Tom MichaudTom Michaud, KBW CEO, joins 'Fast Money' to talk tomorrow's bank CEO hearing, the fintech space, the possibility of a breakout in the space and much more.

Persons: Banks, Tom Michaud Tom Michaud

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsNEW YORK, Nov 16 (Reuters) - U.S. bank profits are expected to shrink in the coming months, but the industry has regained its footing after the biggest bank failures since the 2008 financial crisis, analysts said. "Nobody wants to own a lot of bank stocks, whether it's large cap, mid cap, ahead of a credit crunch, ahead of a recession." Michaud, CEO of KBW:"There are a lot of healthier banks, I think, that would look to acquire the banks that have low credit performance. Reporting by Lananh Nguyen, Nupur Anand and Pete Schroeder in New York Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlo Allegri, Thomas Michaud, Keefe, Erika Najarian, Morgan Stanley, We're, Eugene Ludwig, Ludwig, Mitch Eitel, Sullivan, Cromwell, " Michaud, Lananh Nguyen, Nupur Anand, Pete Schroeder, Mark Potter Organizations: New York Stock, REUTERS, delinquencies, UBS, Ludwig Advisors, Federal Deposit Insurance Corp, Thomson Locations: Manhattan, New York City , New York, U.S, New York

LONDON (AP) — A man who was arrested on suspicion of manslaughter in the death of American ice hockey player Adam Johnson, whose neck was cut by a skate during a game, was released on bail Wednesday. He was arrested on Tuesday, and released on bail on Wednesday pending further inquiries. Petgrave skates toward Johnson and collides with another Panthers player. Petgrave's left skate kicks up as he begins to fall and the blade hits Johnson in the neck. It would be rare, but not unprecedented, for a hockey player to be charged.

Persons: Adam Johnson, Johnson, Matt Petgrave, Petgrave's, Petgrave, Adam, Becs Horsfall, Giacinto, Jim ” Boni, Miran, Schrott, Boni, Marty McSorley, Todd Bertuzzi, McSorley, Donald Brashear, Bertuzzi, Steve Moore, Westin Michaud, Matt, " Michaud, Let’s, ”, Rod Pasma, Pasma, we’re, ” Pasma, “, Dr, Willem Meeuwisse, ” Meeuwisse, Stephen Whyno, ___ Organizations: Nottingham Panthers, Sheffield Steelers, Elite Ice Hockey League, South Yorkshire Police, Sheffield, NHL, Steelers, Panthers, Nottingham, Pittsburgh Penguins, Ice Hockey Association, Elite League, AP, Canadian Press Locations: England, Italy, Canada, Minnesota, Toronto, Washington

American figure skater Ilia Malinin began his Grand Prix season in a familiar place. I was not expecting that,” said Malinin, who won both of his Grand Prix assignments in his senior debut last season. The competition resumes Saturday with the men's and pairs free skates, the rhythm dance and the women's short program. Then came the quad lutz, the second-hardest jump behind the quad axel, and Malinin combined it with a triple toe loop to drive up his score. His triple axel looked easy given he is perfectly capable of doing a quad.

Persons: Ilia Malinin, Malinin, Kevin Aymoz, Shun Sato, ”, Annika Hocke, Robert Kunkel, Lia Pereira, Trennt Michaud, Ernesto Lecuona, axel, “, ” Malinin, Pereira, Michaud, Chelsea Liu, Balasz Nagy, Isabelle Martins, Ryan Bedard, Hocke, —, we’re Organizations: Skate America, Credit Union of Texas, Trennt Michaud of Canada, lutz, Shanghai Trophy, Paris Locations: Fairfax , Virginia, Allen , Texas, France, Japan, Germany, Cuban, paris

☆ KBW CEO: There's a big headwind to earnings cause of rates, but pace of deterioration is slowing
▼ + stars: | 2023-10-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKBW CEO: There's a big headwind to earnings cause of rates, but pace of deterioration is slowingKBW CEO Thomas Michaud joins 'Squawk on the Street' to discuss his thoughts on Friday's market action, whether the negative sentiment towards financials is justified, and the bifurcation between the big banks.

Persons: There's, Thomas Michaud

Sept 20 (Reuters) - Consumer goods firms like Nestle (NESN.S), Lindt (LISN.S) and Unilever (ULVR.L) may face increased pressure across Europe to cut prices after being singled out by French retailers and politicians, industry experts say. France is a crucial country for consumer goods companies, having long outstripped Germany, Italy, Spain and others as the European Union's biggest market for groceries by supermarket revenues, according to research firm IBISWorld. That means consumer groups will face pressure to rein back prices across the European Union. Because these supermarkets are in different countries and do not compete with one another, they often combine forces to negotiate with consumer goods makers. Consumer goods makers have for more than two years grappled with sky-rocketing input, supply chain and labour costs that they have either absorbed - taking a hit to margins - or passed on to retailers.

Persons: It's, Laurent Thoumine, Thoumine, Ferrero's, Pernod Ricard's Ricard, Systeme, Germany's, Switzerland's, Italy's, Philippe Michaud, Leclerc, Bruno Le Maire, Le Maire, Richard Saldanha, Lindt, Saldanha, Richa Naidu, Helen Reid, Matt Scuffham, Catherine Evans Organizations: Consumer, Nestle, Unilever, Carrefour, PepsiCo, European, Reuters, European Union, Epic Partners, French Finance, Aviva Investors, Paris, Thomson Locations: Europe, France, Germany, Italy, Spain, Eurelec

☆ French supermarkets to demand food groups cut prices by up to 5%
▼ + stars: | 2023-09-20 | by ( Helen Reid | Thomson Reuters | London-Based Reporter Covering The European Retail Sector Through A Global Lens. Focusing On Companies Including Adidas | ) www.reuters.com time to read: +3 min

French retailers have criticised consumer goods giants like Unilever and Nestle for price hikes they say are unjustified. The government has also put pressure on the consumer goods makers to cut prices. "We should probably be able to demand that the big (consumer goods) groups cut prices by between 2% and 5%," he said. Consumer goods firms are likely to face increased pressure across Europe to cut prices, industry experts say. Lawmakers also asked about buying alliances, which some supermarkets use to negotiate prices jointly with peers at the European level, and whether they enable retailers to evade French regulations on pricing.

Persons: Sarah Meyssonnier, Les Mousquetaires, Thierry Cotillard, Cotillard, Mousquetaires, Jan, Alexandre Bompard, Lawmakers, Systeme, Dominique Schelcher, E Leclerc, Philippe Michaud, Miloud, Leclerc, Michaud, Helen Reid, Hugh Lawson Organizations: REUTERS, Unilever, Nestle, Carrefour, Senate, REWE, Thomson Locations: Carrefour, Montesson, Paris, France, Portugal, Spain, Europe, Greece, London

☆ The Fed is 'done' and we won't get a November bump, says KBW CEO
▼ + stars: | 2023-09-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed is 'done' and we won't get a November bump, says KBW CEOThomas Michaud, KBW CEO, joins 'Squawk on the Street' to discuss the Fed's impact on financials and more.

Persons: Thomas Michaud

REUTERS/Stephanie Lecocq Acquire Licensing RightsPARIS, Aug 18 (Reuters) - Paris will ban pony rides for children in its public parks from 2025 following a campaign by animal rights activists who argue that the ponies are not well treated. Pony rides have been a popular feature in Paris parks like Champ de Mars, Parc Monceau and Parc du Luxembourg for decades, mostly on the weekends and during school holidays. It just turns ponies into entertainment objects," Paris Animaux Zoopolis (PAZ) activist Amandine Sansivens said. Stephane Michaud, director of AnimaPoney - which operated pony rides in several Paris parks but has now closed half of these - said his ponies work only about 150 days per year. They love the contact with the ponies," said Celine Papouin, whose daughter confidently sat astride a pony in Parc Monceau.

Persons: Paris Animaux Zoopolis, Stephanie Lecocq, Champ de, Zoopolis, PAZ, Amandine Sansivens, Stephane Michaud, Celine Papouin, Geert De Clercq, Jan Harvey Organizations: Paris, REUTERS, Rights, Parc du, Thomson Locations: Paris, France, Monceau, Parc, Parc du Luxembourg, Rambouillet, Parc Monceau

☆ KBW CEO: Regional banks have upside if Fed hikes once more and narrative 'steadies'
▼ + stars: | 2023-07-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKBW CEO: Regional banks have upside if Fed hikes once more and narrative 'steadies'Thomas Michaud, KBW CEO, joins 'Squawk on the Street' to discuss Michaud's take on the regional banking sector, the concerns around the regional banks ability to generate net interest income or margin, and what investors have learned about the credit environment.

Persons: Thomas Michaud

☆ Investment banking will see 'terrible quarter' before turning around, says KBW CEO
▼ + stars: | 2023-07-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestment banking will see 'terrible quarter' before turning around, says KBW CEOTom Michaud, KBW CEO, joins 'Squawk on the Street' to break down banks ahead of earnings tomorrow.

Persons: Tom Michaud Organizations: Investment

☆ 'Bite of these higher rates is gaining traction almost every day,' KBW CEO Thomas Michaud says
▼ + stars: | 2023-06-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Bite of these higher rates is gaining traction almost every day,' KBW CEO Thomas Michaud saysKBW CEO Thomas Michaud reacts to the Federal Reserve's decision to keep interest rates stable on "Fast Money."

Persons: Thomas Michaud Organizations: Federal

☆ 'Bite of these higher rates is gaining traction almost every day,' KBW CEO Thomas Michaud warns
▼ + stars: | 2023-06-14 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +2 min

A major financial services CEO warns the economy hasn't fully absorbed higher interest rates yet. "The bite of these higher rates is gaining traction almost every day." Michaud delivered the call hours after the Federal Reserve decided to leave interest rates unchanged. According to Michaud, the regional bank rally is a short-term bounce. He sees a shift from adjusting to the new interest rate environment to credit quality in the second half of this year.

Persons: Thomas Michaud, there's, CNBC's, " Michaud, Michaud, Banks, haven't Organizations: Federal Reserve, Regional Banking

☆ Where Everybody Knows Your Name
▼ + stars: | 2023-05-30 | by ( Tim Sultan | ) www.nytimes.com time to read: +2 min

LAST CALL AT COOGAN’S: The Life and Death of a Neighborhood Bar, by Jon Michaud“A friend to me has no race, no class and belongs to no minority,” said Frank Sinatra. “My friendships are formed out of affection, mutual respect and a feeling of having something in common. These are eternal values that cannot be classified.” These words ran through my head as I read “Last Call at Coogan’s,” Jon Michaud’s book about the life and times of a venerated Washington Heights pub that shuttered in 2020. Coogan’s opened in 1985, in northern Manhattan’s heavily Dominican enclave of Washington Heights, at the onset of one epidemic — crack — and closed during another. Simply by being there, Coogan’s changed people’s minds about other cultures.

Persons: Jon Michaud “, ”, Frank Sinatra, ” Jon Michaud’s, Coogan’s, Michaud, Lin, Manuel Miranda, Jim Dwyer, Cool Organizations: New York Times Locations: Coogan’s, Washington, Irish, Mumbai, Manhattan, Manhattan’s, Dominican, Washington Heights

☆ Premarket stocks: This is how the banking crisis ends
▼ + stars: | 2023-05-05 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

London CNN —US regional bank stocks look set to rebound Friday but are still down sharply this week, accentuating fears that federal regulators have not yet contained a crisis in the sector that could shake the financial system. Breaking it down: Wall Street is on the hunt for any signs of vulnerability in the banking system after the high-profile demise of Silicon Valley Bank, Signature Bank and First Republic Bank in a matter of weeks. While authorities stepped in to protect depositors at those banks, investors were left with stocks that were suddenly worthless. “I believe it really only ends after we get some type of government intervention,” Michaud told me. The value of short positions in regional bank stocks reached $15.1 billion in mid-April, up from about $13.7 billion one year ago, according to data from S3 Partners.

☆ Congress needs to allow the FDIC to modernize deposit insurance, says KBW CEO Tom Michaud
▼ + stars: | 2023-05-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCongress needs to allow the FDIC to modernize deposit insurance, says KBW CEO Tom MichaudKBW CEO Tom Michaud joins 'Squawk on the Street' to discuss pressure on regional banks, the need for additional regulation on deposits, and more.

☆ Watch CNBC's full interview with KBW CEO Tom Michaud on health of the banking sector
▼ + stars: | 2023-05-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with KBW CEO Tom Michaud on health of the banking sectorKBW CEO Tom Michaud joins 'Squawk on the Street' to discuss pressure on regional banks, the need for additional regulation on deposits, and Western Alliance addressing false claims made by The Financial Times.

Search resuls for: "Michaud"

25 mentions found