DIRS.INFO The most relevant business & tech news

☆ These are the top business-development execs competing to hire elite portfolio managers at hedge fund giants Citadel, Millennium, Point72, and more
▼ + stars: | 2024-05-08 | by ( Alex Morrell | ) www.businessinsider.com time to read: +34 min

Unlike business development in corporate America, which focuses on growing a company's prospects with partners and clients, hedge fund BD teams specialize in scouting, evaluating, and wooing investment talent. AdvertisementFew have been involved in hedge fund BD longer than Jennifer Blake, Balyasny's global head. The fund's BD department remains in close contact with PMs after they join as a resource and advisor. Vernon Yuen/Getty Images$61 billion AUM2,200+ employeesAdvertisementKen Griffin's Citadel has outperformed not just its immediate rivals but every other hedge fund. He runs a team of about 20 as head of business development in the Americas, the largest region of the largest player in this space.

Persons: —, Griffin's, Izzy Englander's, Goldman Sachs, Headcount, execs, Dmitry Balyasny, Brendan McDermid, Jennifer Blake, Balyasny's, Morgan Stanley, Dmitri Balyasny's, Blake, it's, Federico Chavarria, Balyasny, Dave Matz, Smith Hanley, Alistair Jacobs, Dave Black, Peter Appel, Federico Chavarria MD, Andrew McHugh, Jules Biolsi, Michael Platt, he's, BlueCrest, Michael Grad, Grad, Jake Lindsay, Mungo Strachan, BlueCrest's, Brevan Howard Brevan Howard, Alan Howard, Ringo Chiu, Brevan Howard, Alan Howard's, Aran Landy, Brevan, Abu, It's, Landy, Howard, Peter Hornick, David Abbou, Jonathan Candy, Gregoire Vidal, Vidal, Tim Williams, Andy Silver, Gautam, Ken Griffin, Vernon Yuen, Ken Griffin's, Griffin, Matt Giannini, Giannini, headhunter, Matt, I've, — Thomas DeAngelis, Lindsay Previdi, Rice, Dore, Eleanor Sharkey, Melinda Urban, Mark Hansen, Julian Ulmer, Mathur, Adam Sharkie, Michael Page, Eisler, Edward Eisler, Sam Wisnia, Chris Milner, Milner, Hilary Curran, Hilary Curran Global, Rebecca Zisser, Michael Gelband, Hornick, Jeff Gelband, Mike Tiano, Eric Han, Garrett Berg, Liu, APAC Blackstone, Euan Shand, Kevin Carroll, Emily, Needham, Ostendorf, Ben Levine, Stefan Renold, LMR, Marcus Fairhurst, He'd, LMR's, Izzy, Ronda, Singh, Mark Meskin, Justin Gmelich, Steve Keller, Benjamin Williams, Madhvani, Paritosh Singh, Ben Williams, Kristina Tully, Steven Cohen, Point72, Shayanne, Steve Cohen's, Harry Schwefel, Chandler, Steve Cohen, JT Shields, They're, Schwefel, Alyssa Friedman —, Chandler Bocklage, Reid Murphy, Jae Yang, Japan Goldman Sachs, Alyssa Friedman, Jackie Dai, Gabriel Sanders, Ajay, Steven Schonfeld, Michael Nagle, Steve Schonfeld's, Ryan Tolkin, Schonfeld, doesn't, Akshay Aggarwal, Alex Burns, Ryan McCort, Colin Lancaster, Mitesh, Sameer Buch, Brittany Lynch, DMFI, Goldman, Verition, Nicholas Maounis, Josh Goldstein, Brian Townes, Townes, Elizabeth Xiang MD, Vir, Steve Satenstein, Chris Svoboda, Will England, Thomas DeAngelis, DeAngelis, Jonathan Brenner, hasn't, Maureen Reed, John Sullivan, Brenner, Walleye's Organizations: Service, Management, Wall, Business, Balyasny, Balyasny Asset Management, Quadra Advisors, SAC, Macquarie, BD, UBS, Grad, Financial Times, Michael, Lascaux, Howard BD, Brevan, Argentum Advisors, BH Digital, McKinsey & Company, JPMorgan, Ken Griffin's Citadel, Citadel, Citadel's, decamping, Chicago, Citadel BD, Walleye Capital, of Surveyor, Millennium, Capital, Credit, Ashler, Rice, Deutsche Bank, LMR Partners, London, Dore Partnership, Soros, Soros Fund, Ronda Churchill, Bloomberg, Getty, Guggenheim, Industry, MLP, Americas Guggenheim, Americas Citadel, SAC Capital, SEC, Point72 Academy, Citigroup, BD Energi, Japan, EMEA, APAC BNP, Schonfeld, PAAMCO, KKR, DMC Partners, Topwater, LinkedIn, New, New Holland Capital, BD —, Walleye, Lehman Brothers, Hutchin, Putnam Investments, ~$ Locations: America, Asia, Balyasny, Blackstone, New Holland, Abu Dhabi, BlueCrest, Europe, Graticule, ExodusPoint, Hornick, Freestone, New York, Schonfeld, Brevan, he's, Aberdeen, Hong Kong, Zurich, Glasgow, Dubai, Americas, Point72, quant, Verition, London, Greenland, Minnesota, Citadel

☆ Inside the Growing Alarm Over Blackstone's BREIT Real-Estate Fund
▼ + stars: | 2024-05-07 | by ( Bethany Mclean | ) www.businessinsider.com time to read: +23 min

Investors in Blackstone's real-estate fund asked for their money back in droves — more than $15 billion to date. Unless the real-estate market comes roaring back, analysts warn, BREIT could end up shrinking to a fraction of its current size, leaving the fund's investors holding the bag. Only 3% of BREIT's holdings are in office buildings, which have been ground zero for commercial real estate pain. Advertisement"Not all real estate is created equal," BREIT boasted in a recent letter to stockholders, "and where you invest matters." "Commercial real estate is a slow burn," Brian Moynihan, the CEO of Bank of America, recently observed.

Persons: Blackstone, —, BREIT, REITs, Steve Schwarzman, Jeenah, Nate Koppikar, Craig McCann, BREIT's, Chilton, McCann, McCann, Horacio Villalobos, That's, Donald Trump, Robert Chang, Schwarzman, Michael Blackshire, Phil Bak, Stephen Schwarzman, Shannon Stapleton, Brian Moynihan, it's, It's Organizations: BREIT, Orso Partners, Securities Exchange Commission, Blackstone, SEC, Chilton Capital Management, SLCG Economics Consulting, Publicly, University of California, Regents, Armada Investors, Reuters, Bank of America Locations: BREIT, Lisbon, Fideres

☆ In Berkeley Public Schools, a War Gives Rise to Unusual Tensions
▼ + stars: | 2024-05-07 | by ( Kurt Streeter | ) www.nytimes.com time to read: +1 min

On Oct. 18, hundreds of Berkeley High School students, with the blessing of some of their teachers, left their classrooms in the middle of the day and gathered at a nearby park. Just as on the nearby campus of the University of California — famed since the 1960s for its marches, sit-ins and progressive ideals — students at Berkeley High have a long history of hitting the streets in dissent. In the 1960s, they walked out to oppose the Vietnam War. More recently, they have shown up in droves to advocate for Black Lives Matter, immigration reform, reproductive rights and L.G.B.T.Q. But this walkout reverberated in unexpected ways through the Berkeley public school system and the city’s ordinarily tight-knit community.

Persons: ”, Becky Villagran Organizations: Berkeley High School, University of California —, Berkeley Locations: Gaza, Vietnam, Berkeley

☆ From Sports Betting to Meme Coins, Young Men Are Gambling in Droves
▼ + stars: | 2024-04-16 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

For young men in particular, it's an enticing, if a bit troubling, prospect. For some young men, a level of nihilism about the economy leads to an impetus to take some risks. Along with the rise of new customers, problem-gambling behavior is increasing, especially among young men. The New Jersey report identified a significant prevalence of high-risk stock trading among young men. According to the National Council on Problem Gambling, some 2.5 million Americans have a severe gambling problem, and another 5 million to 8 million have a problem it considers mild or moderate.

Persons: You've, Donald Trump's, Crypto, they're, they've, Timothy Fong, we've, Fong, it's, Kahlil Philander, haven't, Philander, Davids, Goliaths, Warren Buffett, Berkshire Hathaway, Emily Stewart Organizations: GameStop, AMC, NCAA, Pew Research, UCLA, Washington State University, National Council, sportsbooks, Business Locations: America, United States, Berkshire, New Jersey, Atlantic, Jersey, Plenty

☆ Earnings season is here. These are the biggest storylines the market is watching.
▼ + stars: | 2024-04-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

JPMorgan CEO Jamie Dimon issued a warning in the bank's earnings report Friday. With so much at stake, here's an earnings season cheat sheet of when some of the biggest companies are reporting and the storylines to follow. Themes to watch: AI could reduce the number of junior bank employees thanks to the tech automating their grunt work . Themes to watch: Netflix was dubbed the king of streaming earlier this year after a big earnings report. The bank's earnings report beat analysts' expectations, but advisory revenues were down 21% year-over-year.

Persons: —, Donald Trump's, iStock, Rebecca Zisser, Jamie Dimon, Dimon, Michael M, Goldman Sachs, Blackstone, Will Meta, Bob Iger's, Brooks Kraft, Jeremy Barnum, it's, Jeff Currie, Justin Sullivan, Tesla, Elon Musk, Musk, Marco Bottigelli, Yevgen Romanenko, Tyler Le, Michelle Grisé, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, JPMorgan . Tech, JPMorgan, New York Stock Exchange, Finance Key Companies, Bank of America, Companies, Meta, Microsoft, Apple, Nvidia, Amazon, Retail, Walmart, Costco, Netflix, Disney, Paramount Global, Boeing, Brooks Kraft LLC, Getty, BI, Healthcare, RAND, Boston Marathon Locations: Israel, Russia, United States, New York, London, Chicago

☆ Unflappable Scottie Scheffler clinches second Masters title with virtuoso display
▼ + stars: | 2024-04-14 | by ( Jack Bantock | ) edition.cnn.com time to read: +8 min

CNN —Scottie Scheffler clinched his second Masters title in style on Sunday, cementing the American’s status as the preeminent force in men’s golf. I love you,” Scheffler replied when asked by Augusta National chairman Fred Ridley if he had a message for his wife. The ball was still amongst the shrubbery when Scheffler rolled in for par on the same green shortly after, extending his lead to three. His first Masters triumph had ended in a shaky – albeit inconsequential – four-putt, but there were no such blips this time round. After a standing ovation on his walk to the 18th green, Scheffler signed off with a simple putt for par.

Persons: Scottie Scheffler, Sweden’s Ludvig Åberg, Scheffler, Meredith, “ I’m, I’ll, ” Scheffler, Fred Ridley, “, can’t, ”, Brooks Koepka, Scheffler toasts, Warren Little, Woods, Åberg, –, Jack Nicklaus, Seve Ballesteros, Tiger Woods, ” Woods, ” Åberg, Fuzzy Zoeller, Europe’s, Andrew Redington, Max Homa, Collin Morikawa, England’s Tommy Fleetwood, Rory McIlroy’s, Spain’s Jon Rahm, Ominously, Morikawa, Homa, Mike Segar, Rahm, Jamie Squire, Aberg, Ted Scott Organizations: CNN, Augusta National, Augusta, Golf, PGA Championship, RSM, Getty Locations: Butler, Augusta, Rome, Homa

They see Ms. Lake, who is in a competitive race that could determine control of the Senate, as an important ally. “It is time for my legislative colleagues to find common ground of common sense: the first step is to repeal the territorial law,” State Senator Shawnna Bolick posted on X. The State Senate president, Warren Petersen, and the State House speaker, Ben Toma, both Republicans, supported the abortion ban. Credit... Matt York/Associated PressDemocrats said it was urgent to pass a repeal before the court’s ruling upholding the 1864 law takes effect. Image The Arizona Supreme Court on Tuesday that upheld an 1864 law regarding abortion.

Persons: Kari Lake, Donald J, Trump, Roe, Wade, Lake, Shawnna Bolick, Bolick, Arizona Democrats clamored, Warren Petersen, Ben Toma, Mr, Toma, Matt York, Katie Hobbs, —, ”, Doug Ducey, “, that’s, Caitlin O'Hara, The New York Times “, Juan Ciscomani, David Schweikert, Ciscomani, Schweikert, “ Arizona’s MAGA, Hannah Goss, Ruben Gallego, Stephanie Stahl Hamilton Organizations: Arizona Republican, Arizona Republicans, U.S, Supreme, Republicans, Democratic, Arizona Democrats, Senate, State House, Republican, Arizona Capitol, ., Associated Press Democrats, ”, Gov, Arizona Supreme, The New York Times, State Legislature, “ Arizona’s MAGA Republicans, Democratic Party, Democrat Locations: Arizona, ”

But in seeking recently to win Jewish voters’ support, Mr. Trump has repeatedly castigated American Jews who do not support his candidacy as insufficiently loyal to Israel. But as the humanitarian crisis within Gaza has extended past six months, Mr. Biden has increasingly taken a more critical stance toward Israel. After receiving swift criticism, Mr. Trump quickly pivoted to express support for the country’s right to defend itself. You have to get the job done.”And last week, Mr. Trump told Hugh Hewitt, a conservative radio host, that Israel was “losing the P.R. “Biden has totally lost control of the Israel situation,” Mr. Trump said.

Persons: Donald J, Trump, Biden, ”, Biden’s, James Singer, Trump’s, Donald Trump, ” Mr, Singer, Israel, Sebastian Gorka, “, Israel’s, Benjamin Netanyahu, you’re, Mr, Israel Hayom, You’re, Hugh Hewitt, “ Biden Organizations: Democratic, Democrat, Jewish, Democratic Party, Biden, White House, Israel Locations: Atlanta, Gaza, Israel, “ Israel, Israeli, U.S, Jerusalem

☆ Kari Lake Backs G.O.P. Effort to Drop 1864 Abortion Law in Favor of 15-Week Ban
▼ + stars: | 2024-04-11 | by ( Kellen Browning | Jack Healy | ) www.nytimes.com time to read: +1 min

A handful of Arizona Republican legislators looking to overturn a 160-year-old state law that bans nearly all abortions have a new high-profile supporter: Kari Lake, a prominent Senate candidate and a close ally of Donald J. Trump. Now, some Republicans are looking for a way out of their political dilemma after their party blocked efforts to reverse the law. They see Ms. Lake, who is in a competitive race that could determine control of the Senate, as an important ally. Ms. Lake has called a handful of state legislators to offer her support in any effort to repeal the law and revert to the 15-week abortion ban that was in effect in Arizona, according to a person familiar with the outreach. Ms. Lake herself had praised the 160-year-old ban during her 2022 run for governor, calling it a “great law,” but on Tuesday condemned the court decision, saying it was “out of step with Arizonans.”

Persons: Kari Lake, Donald J, Trump, Roe, Wade, Lake, ” Organizations: Arizona Republican, Arizona Republicans, U.S, Supreme Locations: Arizona

☆ It pays to leave Congress: Democrat who resigned mid-term is getting a $131,000 pay bump to run a performing arts center
▼ + stars: | 2024-04-10 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Read previewAt the beginning of February, Rep. Brian Higgins officially resigned from Congress to take a job as the president of a local performing arts center. It was a curious move for the New York Democrat, who had served in the House for 19 years. This story is available exclusively to Business Insider subscribers. Just weeks later, Higgins was named president and CEO of Shea's Performing Arts Center, which includes a historic theatre first built in 1926. And it makes it more difficult for potential candidates who aren't independently wealthy to run for Congress in the first place.

Persons: —, Brian Higgins, Higgins, Kevin McCarthy's, That's, Daniel Schuman, Alexandria Ocasio, Cortez Organizations: Service, New York Democrat, Democrats, Business, Shea's Performing Arts Center, POPVOX Foundation, Democratic, Cortez of New York Locations: Washington, Shea's, Buffalo, Alexandria, Cortez of New

☆ You can thank the baby boomers for the stunning strength of the US economy
▼ + stars: | 2024-04-09 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

You can thank baby boomers for the strong US economy, according to market veteran Ed Yardeni. AdvertisementThe US economy has baby boomers to thank for its strength and resilience even as some worry about a potential recession. Related storiesThere are now 47.7 million baby boomers who are not in the labor force, and that number grows by the day as more baby boomers hit their retirement age. Baby boomers hold a record $76.2 trillion in wealth, or about half the total US household net worth of $156.2 trillion. "The Baby Boomers watched a lot of Star Trek during the 1960s.

Persons: Ed Yardeni, Yardeni, hasn't Organizations: Seniors, Federal, Federal Reserve, Boomers, Trek

Thousands of residents and visitors viewed the event from the baseball field at Hidalgo de Dolores Elementary School. Residents began renting out their homes after area hotels reached capacity. ET Cuatro Ciénegas Amid a vast landscape of gypsum dune fields — formed over millions of years — spectators viewed the eclipse. ET Dallas Crowds set up their picnic blankets alongside the Trinity River, which runs through Dallas, one of the largest cities to experience the total eclipse. ET Russellville More than 100 couples were married in a giant ceremony just minutes before the eclipse, during the Total Eclipse of the Heart festival.

Persons: — Dennis Overbye, Andrés Manuel López Obrador, ” Federico Garza, ”, David Bowie, Pink Floyd, Sun Ra, Taylor Swift Organizations: North America Today, Hidalgo de Dolores Elementary School, Nazas, Residents, Dallas Crowds, Russellville, Eclipse, Liverpool, Illinois Department of Transportation, Indiana, Indianapolis, Indianapolis Zoo, Lucas Oil, Roll Hall of Fame, Attica Railroad, Eclipse Fest, Buffalo State, Syracuse, Syracuse Mets, Worcester Red Sox, Hotels, Montreal Locations: North America, — Dennis Overbye Mexico, Sinaloa State, Mazatlán, Mexico, Hidalgo, Texas, Eagle, Dallas, Arkansas, Ozark, . Illinois, Southern Illinois, Midwest, . Ohio, Lake Erie, Cleveland, Taylor Swift . New York, Niagara Falls, England, Burlington , Vt, Burlington, Lake Champlain, Maine, Canada, U.S, Montreal, Fredericton , New Brunswick, New Brunswick, EclipseFest

☆ Share of women in C-suite roles falls for first time in two decades, study finds
▼ + stars: | 2024-04-05 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +3 min

And growth in the percentage of women in senior corporate leadership roles overall barely budged from 2022 to 2023. In 2023, women held just 11.8% of the roughly 15,000 C-suite roles assessed, down from 12.2% the year before, the study found. Gender parity goal imperiledNone of this is to say that there hasn’t been real progress in narrowing the gender gap since 2005. “Across all [senior] roles, women held less than 8% of seats as recently as 2005; versus 22.3% in 2023. If the growth rate remains below average going forward, the goal of reaching gender parity will be much farther out of reach.

Persons: “, hasn’t, ” Organizations: New, New York CNN, P Global Market Intelligence Locations: New York

☆ Target's collection with Diane von Furstenberg is another step in the right direction for the brand as it leans into luxury for less
▼ + stars: | 2024-03-26 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +5 min

Read previewDiane von Furstenberg has been a household name since the '70s. Despite her place in the luxury world, von Furstenberg partnered with Target and her granddaughter, Talita von Furstenberg, to create a limited-edition collection for the store. Samantha Grindell/Business InsiderThe store has also been leaning into celebrity and top brand-name partnerships to level up its offerings. After seeing it in person, Target's collaboration with von Furstenberg seems like a natural progression of its brand strategy as it continues to offer products that feel luxurious for less. Shop the Diane von Furstenberg x Target collection.

Persons: —, Diane von Furstenberg, Forbes, Jeffery Bezos, von Furstenberg, Talita von Furstenberg, Samantha Grindell, Sally Hansen, Sergio Hudson, Christopher John Rogers, Joanna Gaines, Kendra Scott, Stanley Organizations: Service, Fashion, Target, Business, tote, Valentine's Locations: Brooklyn

☆ House Democrats want Speaker Johnson to outline path on Ukraine aid before agreeing to save his job
▼ + stars: | 2024-03-24 | by ( Manu Raju | ) edition.cnn.com time to read: +5 min

CNN —House Democrats may save Mike Johnson’s speakership – but he first must outline a pathway to approving aid to Ukraine, multiple Democratic sources told CNN. If Johnson tries to move on the House plan, Democrats may opt to save him but in smaller numbers, one Democratic source said. “We are going to grow this House majority despite things that go on the House floor day to day.”He argued that “Speaker Johnson is going to remain speaker” despite the threat to oust him. So, we need a speaker and I think Speaker Johnson has been an outstanding speaker and I stand behind him. Some hardliners are weighing whether they will vote to oust Johnson once it is brought up.

Persons: Mike Johnson’s speakership, Johnson, he’d, Donald Trump, Marjorie Taylor Greene’s, doesn’t, Abigail Spanberger, Greene, “, that’s, Greg Pence, Greene’s, Pence, they’re, ”, it’s, Mark Green, “ I’m, …, we’ve, Richard Hudson, Eli Crane, Kevin McCarthy, Ralph Norman, Norman, we’ll, ” CNN’s Morgan Rimmer Organizations: CNN — House, CNN, GOP, Republican, Virginia Democrat, Republicans, ”, Indiana Republican, House Republicans, Homeland, House Republican Locations: Ukraine, Mexico, Virginia

☆ Texas residents are moving to New Mexico by the thousands. Some are citing high property taxes.
▼ + stars: | 2024-03-23 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Texas residents are moving to New Mexico by the thousands, Census data shows. Some people cited the high property taxes in Texas as a reason for their exit. AdvertisementThey say everything is bigger in Texas, and that includes the property taxes. Texas residents are fleeing the state in droves and heading for New Mexico, according to 2022 US Census data. Just shy of 17,000 people moved from Texas to New Mexico between 2021 and 2022, according to US Census data, making Texas the primary state of origin for people moving to The Land of Enchantment.

Persons: — Organizations: Service, Business Locations: Texas, New Mexico

☆ Conspiracies around Catherine, Princess of Wales have reached a fever pitch
▼ + stars: | 2024-03-15 | by ( Aj Willingham | ) edition.cnn.com time to read: +10 min

CNN —The public absence of Catherine, Princess of Wales, has grown from a niche royal watcher concern to an international punchline in a matter of weeks. Droves of amateur detectives have crafted timelines and deep dives into the princess’ movements over the last few months, combining real concern with outlandish conspiracy. The uproar, the theories, the analyses, the jokes and, yes, the serious concern — they all show the multitude of ways people interact with and view the royal family. “Not [the royal family] specifically, just anyone in that kind of position.”Catherine, Princess Of Wales is seen during the opening of Evelina London's new children's day surgery unit on December 5, 2023 in London, England. Chris Jackson/Getty ImagesMore dire than the growing transatlantic comedy routine is the apparent dissolution of trust between some media outlets and the royal family.

Persons: Catherine , Princess of Wales, That’s, Kate, hasn’t, CNN It’s, it’s, ”, who’s, “, unrelatable, I’ve, Susan Graves, subreddit, Diana, Prince Harry, Prince Andrew, Carly Wainsworth, “ It’s, Graves, Wainsworth, Meghan, Duchess of Sussex, King Charles ’, Princess Diana —, they’re, ” Wainsworth, ” Catherine, Princess, Ian Vogler, Kate truthers, Kate Middleton ”, kate, don’t, Pete Davidson, Singer, Stephen Colbert, Stephen Colbert , goss, Cillian Murphy, ” Prince William , Prince of Wales, Prince Louis of Wales, Princess Charlotte of Wales, Prince George of Wales, Chris Jackson, Catherine, you’re, we’ve, Phil Chetwynd, Prince William, Mark Borkowski, ” Borkowski, Rosa Prince, Barbie Organizations: CNN, Daily, Dublin Airport, Getty, AFP, BBC, British Press Photographers ’ Association, ”, The Daily Mail, Royal, “, ” Politico Locations: Kensington, Brazilian, Birmingham, Wales, London, England, Buckingham

☆ TikTok CEO doubles down and urges users to get loud and contact senators
▼ + stars: | 2024-03-14 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Hours after the US House of Representatives voted in favor of the bill by a wide margin, 352 to 65, Shou responded with a video on TikTok urging users to "make your voices heard." The rallying cry follows an earlier TikTok action that prompted users to input their ZIP code in order to identify and contact their representatives in Congress. Share them with your friends, share them with your family, share them with your senators. Over the past week, X users have responded in droves with their all-time favorite clips after @destroynectar asked, "What video is the reason they shouldn't ban TikTok?"

Persons: —, Shou Chew, Shou, TikTok's, Joe Biden, @destroynectar, ITYNCTnThf, Steven Mnuchin — Organizations: Service, Business, Big Tech

☆ Why bad news for the economy can be good news for stocks
▼ + stars: | 2024-03-14 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Read previewGood news for the economy can be bad news for stocks, thanks to a weird quirk of market logic. Positive economic developments such as strong GDP growth, robust employment gains, and mild inflation tend to drive stocks higher in the long run. Yet their implications for interest rates have mattered more to stocks in recent months. That buoys stocks by fueling spending across the economy and demand for risk assets. It's bizarre that some stock investors are now hoping for the economy to soften so the Fed will start cutting rates, even though a booming economy is good news for stocks.

Persons: —, hasn't, they've, Jerome Powell Organizations: Service, Business, Federal Reserve, Wall, Swissquote Bank

☆ Biden administration discussing using Guantanamo Bay to process possible influx of Haitian migrants
▼ + stars: | 2024-03-13 | by ( Priscilla Alvarez | ) edition.cnn.com time to read: +6 min

CNN —The Biden administration is discussing using Guantanamo Bay to process Haitian migrants if there is a mass exodus to the US amid worsening conditions in the country, according to a US official. “We are clear-eyed that economic, political, and security instability are key drivers for migrants around the world. A Homeland Security spokesperson said that so far, migration from the Caribbean remains low. The United States returns or repatriates migrants interdicted at sea to The Bahamas, Cuba, the Dominican Republic, and Haiti,” the spokesperson added. And we are ready if a mass migration — if we need to deal with a mass migration.

Persons: CNN —, Biden, ”, Ariel Henry, “, Laura Richardson, Rebecca Zimmerman, they’re, Joe Biden, CNN’s Haley Britzky Organizations: CNN, National Security, Homeland Security, DHS, State Department, United Nations, United, Marine, Team, Immigration, Customs, Department of Homeland Security, Defense Department, Congress, Southern Command, Defense for Homeland Defense, US Customs, Border Protection Air, Marine Operations, US Border Patrol, Coast Guard, Border Patrol, Border Protection, House, Republican Locations: Guantanamo Bay, Cuba, Haiti, Florida, Guantanamo, Caribbean, United States, Bahamas, Dominican Republic, Port, Mexico

☆ Don Lemon says Elon Musk canceled his deal with X after ‘tense’ interview
▼ + stars: | 2024-03-13 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

New York CNN —Don Lemon’s partnership with Elon Musk went down in flames Wednesday, hours after the former CNN anchor conducted an interview with the erratic billionaire for the debut episode of his new independent web-based show. But a spokesperson for Lemon told CNN that the media personality expects Musk to honor the financial terms of the agreement. “Don has a deal with X and expects to be paid for it,” the spokesperson said. “If we have to go to court we will.”Musk has claimed to believe in free speech absolutism, but he has repeatedly taken steps to limit the speech of critics. And I own this one as well.”This story has been updated with a statement posted by X.

Persons: Don Lemon’s, Elon Musk, “ Elon, ” Lemon, Musk, Don Lemon, ”, Lemon, X, “ Don, ” Musk, “, Nikki Haley Organizations: New, New York CNN, Elon, CNN, X, watchdogs, GOP Locations: New York

☆ Reading the charts: How to know when this stock market bull run is over
▼ + stars: | 2024-03-13 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

The S & P 500 just achieved its last upside target of 5,180 a few days ago. The S & P 500 has closed above its own intra-day midpoint 80% of the time since October lows. The index's longest streak of "good closes" (closes above the mid-point) since the October lows has been nine. Consistently strong market breadth Market breadth (or internals) can be measured different ways, but simply tracking the percent of stocks advancing every day is both the simplest and most useful. From this perspective, the S & P 500 has had positive internals 70% of the trading days since the October lows.

Persons: It's, That's, they've, we'll

☆ Inside a Michigan Town's War Over a Chinese-Owned Battery Plant
▼ + stars: | 2024-03-10 | by ( Brent Crane | ) www.businessinsider.com time to read: +24 min

This was nothing short of a communist invasion, in his eyes, and the patriots of Green Charter needed to rise up and confront the Red Peril. But the backlash in Green Charter represents something seldom seen since the Red Scare: a quasi-militant, homegrown resistance to the perceived threat of communism at home. But as the war over Gotion began to consume Green Charter, Riebow began to feel that the township board was behaving "too secretly." It's easy to dismiss what's happened in Green Charter as yet another sign of America's descent into dangerous incivility. Asked about Gotion's plans in Green Charter, Panetta replied, "I don't think there's any question that they are going to take advantage of that situation."

Persons: Jeff Peticolas, Sam Peticolas, He'd, Peticolas, Gos, Green, Matt Harrison Clough, Jim Chapman, I've, Chapman, freaked, Rush Doshi, Joe Biden's, Doshi, Donald Trump, Sen, Katie Britt, Lori Brock, Kristina Karamo, Lana Theis, John Moolenaar, it's, Gotion, John Holdsworth, I'm, Tracy Ruell, Ruell, Carlleen Rose, she'd, Suzi, Tim Hahn, Hahn, texted Hahn, Jeff, Corri Riebow, She'd, Riebow, Breitbart, Gretchen Whitmer, —, we've, Holdsworth, Jason Kruse, Kruse, that's, Kruse demurred, Hahn's, we're, We're, what's, William Evanina, Leon Panetta, Barack Obama's, Panetta, Brent Crane Organizations: Imperial, Pacific, Nikon, Ferris State University, Tech, Green Charter, BI Green Charter, Michigan, United States, Chinese Communist Party, Michigan Republican Party, Michigan GOP, WE, Republican, Republicans, Gotion, Treasury Department, BI, CCP politburo, Party, Communist Party of China, SAIC, Nexteer Automotive, Facebook, Big Rapids, Local, Moolenaar, Fox News, Daily Mail, Gov, Green Charter's, Ferris State, Big, FBI Locations: Pearl, He'd, Imperial Japan, Vietnam, Mecosta County , Michigan, American, Green Charter, Green, China, Green Charter's, Montana, Beijing, Arkansas, Reedley , California, Manteno , Illinois, Washington, America, United, United States, Biden's State, Alabama, Mecosta County, Michigan, Sweden, Big Rapids, enervated, Gotion, Northern Michigan, USA, Filipino, Charter, San Diego

☆ George Santos crashing the State of the Union to announce a comeback campaign is what Congress deserves
▼ + stars: | 2024-03-08 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

George Santos crashed the State of the Union and announced a comeback bid for Congress. But with the way things in Washington have been going lately, it may be what Congress deserves. I have made several personal… — George Santos (@MrSantosNY) March 8, 2024It's the latest stunt for the scandal-plagued lawmaker, who never seemed to take the job of being a member of Congress all that seriously. Former Rep. George Santos seen on the House floor for #SOTU2024. Three members of Congress were censured, an increasingly meaningless rebuke that may have backhandedly delivered one of them a Senate seat.

Persons: George Santos, He's, —, he's, Nick LaLota, Joe Biden's, — George Santos, Santos, Lauren Boebert, Matt Gaetz, Tim Burchett, Burchett, it's Organizations: Union, Service, State, US Association, Former, Rep, New York Republicans, New, New York congressman Locations: Washington, United States of America, New York, Florida, Tennessee, dignify, Ukraine, Israel

☆ Juli Lynne Charlot, Creator of the Poodle Skirt, Dies at 101
▼ + stars: | 2024-03-04 | by ( Margalit Fox | ) www.nytimes.com time to read: +1 min

What’s a nice Jewish viscountess to do when she has a title but no money, a party invitation but no clothes and a pair of scissors but no sewing skills? Invent the poodle skirt, of course. Ms. Charlot, a New York native who died at her home in Tepoztlán, Mexico, on Sunday at 101, had been a Hollywood singer before her marriage in the mid-1940s to a viscount, or British nobleman. The result, the embellished circle skirt, was ubiquitous throughout the 1950s, bought in droves by women and, in particular, adolescent girls. With its voluminous fabric that flared prettily when the wearer twirled, it was just the thing for a sock hop.

Persons: Juli Lynne Charlot, Charlot, jaunty Locations: New York, Tepoztlán, Mexico, Hollywood

Search resuls for: "droves"

25 mentions found