DIRS.INFO The most relevant business & tech news

☆ Stormy unchained: Lawyers for Trump and porn star struggled to control her after hush-money story broke in 2018
▼ + stars: | 2024-05-04 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +8 min

Text messages shown in Donald Trump's hush-money trial reveal attorneys' struggles to manage Stormy Daniels. Michael Cohen, Trump's ex-attorney, appeared frantic in messages after the hush-money story broke in 2018. Minutes later Cohen texted Davidson, "Please call me," before he again texted, "Cmon!" Advertisement"Why is she going on Kimmel after the Sotu," Cohen texted Davidson days earlier. "She just denied the letter," Cohen texted Davidson at the time.

Persons: Donald Trump's, Stormy Daniels, Michael Cohen, Trump's, Cohen, Daniels, —, Keith Davidson, Davidson, Trump, Drew Angerer, Davidson texted Cohen, Cohen messaged Davidson, Stephanie Clifford —, Sean Hannity's, Davidson texted, Cohen texted Davidson, texted, Eduardo Munoz, Let's, Cohen backtracked, Michael Cohen's, Jane Rosenberg Davidson, Kimmel, Jimmy Kimmel, Cohen messaged, Gina Rodriguez, Gina Organizations: Prosecutors, Trump, Service, Street, Sean Hannity's Fox, Manhattan, REUTERS, Attorney's Locations: Los Angeles, LA, Manhattan, NY

☆ Why Iran attacked Israel and what comes next
▼ + stars: | 2024-04-14 | by ( Rob Picheta | ) edition.cnn.com time to read: +5 min

How did Iran attack Israel? Israel and Iran are long-standing rivals and have been engaged in a shadow war for years. Israel’s war on Hamas, waged since the militant group attacked Israel on October 7, has heightened those tensions. But fears of a spiralling regional war spiked further in early April, when Iran accused Israel of bombing its diplomatic complex in Syria. The “Zionist regime” is a term Iran uses to refer to Israel.

Persons: percolated, Daniel Hagari, won’t, Mohammed Reza Zahedi, Mohammad Hadi Haji Rahimi, Donald Trump, IRGC, Qassem Soleimani, Ayatollah Ali Khamenei, Israel, Ebrahim Raisi, “, IRNA, Yoav Gallant, Benjamin Netanyahu, Joe Biden, Netanyahu, Biden, Benny Gantz, Bezalel Smotrich, Itamar Ben Gvir, Hossein Organizations: CNN, Israel, Israel Defense Forces, Revolutionary Guards, West, Israeli, White, Finance, National Security, Islamic Revolutionary Guard Corps, TV Locations: East, Iran, Damascus, Syria, Israel, Iranian, Iraq, Gaza, Baghdad, Lebanese, ”

DAVOS, Switzerland (AP) — Artificial intelligence is easily the biggest buzzword for world leaders and corporate bosses diving into big ideas at the World Economic Forum’s glitzy annual meeting in Davos. In a sign of ChatGPT maker OpenAI’s skyrocketing profile, CEO Sam Altman is making his Davos debut to rock star crowds, with his benefactor, Microsoft CEO Satya Nadella, hot on his heels. Illustrating AI’s geopolitical importance like few other technologies before it, the word was on the lips of world leaders from China to France. Here's a look at the buzz:OPENAI OPENING BIG AT DAVOSPolitical Cartoons View All 253 ImagesThe leadership drama at the AI world's much-ballyhooed chatbot maker followed Altman and Nadella to the swanky Swiss snows. China, one of the world’s centers of AI development, wants to “step up communication and cooperation with all parties” on improving global AI governance, Li said.

Persons: OpenAI’s, Sam Altman, Satya Nadella, Altman, Nadella, “, OpenAI, Klaus Schwab quizzed, Li Qiang, ”, Li, Ursula von der Leyen, Emmanuel Macron, Google's Bard, he's, can’t, Julie Sweet, Arvind Krishna, Yann LeCun, LeCun, ____ Chan, Matt O'Brien Organizations: Davos, DAVOS, Bloomberg, Microsoft, ”, European, EU, Accenture, AP Locations: DAVOS, Switzerland, Davos, China, France, Swiss, percolated, afterparties, Europe, Britain, Valley, London, Providence , Rhode Island

WASHINGTON (AP) — Before House Speaker Mike Johnson was elected to public office, he was the dean of a small Baptist law school that didn't exist. “The law school deal was really an anomaly. As dean of the proposed law school, Johnson embarked on a major fundraising campaign and described a big-dollar event in Houston with former Arkansas Gov. Bobby Jindal and Pressler, according to an account Johnson wrote in a 2011 alumni magazine. Meanwhile, the historic former federal courthouse in Shreveport that was selected as the law school’s campus required at least $20 million in renovations.

Persons: Mike Johnson, Johnson, Kevin McCarthy, It's, “, ”, Gene Mills, Johnson's, ” J, Michael Johnson, Southern Baptist Convention luminary, Tony Perkins, Jerry Falwell, “ I’m, Joe Aguillard, Mike Huckabee, Bobby Jindal, Aguillard, “ Mike, Gilbert Little, ” Johnson, Perkins, Little, Barack, Kelly, Kelly Johnson, Louis “ Woody ” Jenkins, Jenkins, Democrat Mary Landrieu, Moon Griffin, Eugene Mills, Mills, ” Mills, Johnson’s, George W, Bush’s, it’s, Lamar White Jr, Lamar, Richard Lardner, Trenton Daniel Organizations: WASHINGTON, Paul Pressler School of Law, Louisiana College, Louisiana Christian University, Republican House, Southern Baptist Convention, Family Research, Southern Poverty Law, Liberty University, Daily, ”, Arkansas Gov, Louisiana Gov, Freedom Guard, Southern Baptist Conference, Shreveport Times, ABC News, Louisiana State University, Democrat, Louisiana Family, Alliance Defense Fund, Alliance Defending, ADF, CNN, Democratic, Civil, Associated Press Locations: Louisiana, Washington, Alexandria , Louisiana, Houston, Pressler, Africa, Shreveport, Shreveport , Louisiana, everyone’s, America, New Orleans, Texas, Orleans Parish, Trump’s, Baton Rouge, New York

☆ Joe Hill, Swashbuckling South Street Seaport Merchant, Dies at 76
▼ + stars: | 2023-10-27 | by ( Adam Nossiter | More About Adam Nossiter | ) www.nytimes.com time to read: +1 min

Mr. Hill was the “consummate waterfront junk shop-souvenir store, occasionally aspiring to an antique shop,” Mr. Neill said. Mr. Hill opened Captain Hook’s with the Revolution’s Bicentennial in 1976 and remained until the turn of the century, setting up shop “when there was nothing there,” his wife, Trudy Hill, recalled. His other son, Jason, said: “How crazy was it that somebody who flipped items was able to make it to Sands Point? A person who went to garage sales?”At one point Mr. Hill charged 25 cents merely for the privilege of viewing his vast collection of nautical trinkets. But most customers would leave only a little poorer, having been talked into, say, a rubber snake by the persistent Mr. Hill, part huckster and part sincere enthusiast — a “good merchandizer,” Mr. Neill said.

Persons: Hill, Mr, Neill, Hook’s, ”, Trudy Hill, hitched, Matthew said, Jason, — Locations: Fulton, Lower Manhattan, Shore, Sands

☆ An Arts Center Opens at Ground Zero With Stars, Onstage and Off
▼ + stars: | 2023-09-14 | by ( Julia Jacobs | ) www.nytimes.com time to read: +1 min

New York’s civic leaders and arts administrators have spoken for two decades of the importance of building a haven of artistic creation on a site that had become synonymous with tragedy and death. “Here, on this very site, where so much loss and devastation took place,” said Michael R. Bloomberg, the billionaire former mayor who is chairman of the institution’s board, “the arts will bring a special sense of hope for the future.”Various ideas for the space percolated and fizzled for years, until Ronald O. Perelman, the billionaire businessman whom the building is named after, jump-started the project with a $75 million donation. It was Mr. Bloomberg who brought the project to fruition, contributing the largest portion of money: $130 million. Although it is Mr. Perelman’s name on the building, Mr. Bloomberg was at the center of much attention Thursday night, posing with benefactors and celebrities like Michael Douglas and Liev Schreiber on a red carpet at a cocktail hour before the performance, where guests sipped champagne and ate miniature cheeseburgers and pigs in blankets.

Persons: ”, Michael R, Ronald O, Perelman, Bloomberg, Michael Douglas, Liev Schreiber Organizations: Bloomberg

☆ Why Gen Z, Millennials, Boomers, and Gen X Fight: Generational Conflict
▼ + stars: | 2023-07-26 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +15 min

Gen Z is soft, millennials are embarrassing, boomers are evil, and no one has thought about Gen X in years. But late this spring, Pew announced it would no longer use generational labels such as millennial and Gen Z in its research. By and large, Cohen shares Duffy's view that generational labels make it tough for both experts and laypeople to distinguish between generational traits and universal, or multifactorial, occurrences. To its credit, Pew has been transparent in acknowledging how the use of generational labels may have tilted its analyses. Pew "does believe generational research can be a useful tool in the right context," Parker told me.

Persons: Gen X, Pew, Kim Parker, Parker, Obama, Millennials, boomers, Gen Zers, Xers, —, Karl Mannheim, Louis Menand, Menand, Andrew M, Lindner, Sophia Stelboum, Azizul Hakim, William Strauss, Neil Howe, Strauss, Howe's, Baby Boomer, Portia, Zers, Gen Xers, Philip N, Cohen, it's, Bobby Duffy, Duffy, Stelboum, Hakim, Michael Dimock, Kelli María Korducki Organizations: Pew Research Center, Pew, Skidmore College, University of Maryland, College, Washington, King's College London Locations: Mannheim, New York City

☆ If Biden Wanted to Ease U.S.-China Tensions, Would Americans Let Him?
▼ + stars: | 2023-06-27 | by ( Ian Prasad Philbrick | ) www.nytimes.com time to read: +2 min

Americans still worry more about terrorism and other foreign policy issues than about China. “That’s percolated into the general public,” said Richard Herrmann, an Ohio State University professor who studies international relations and public opinion. A feedback loopSouring public opinion, in turn, may worsen U.S.-China relations. That might seem surprising; most Americans don’t pay that much attention to foreign policy, which is typically far removed from their daily lives. And once public opinion on a foreign policy issue calcifies, as it increasingly has on China, political leaders often pay attention to it.

Persons: ” —, Biden, ”, Richard Herrmann, Dina Smeltz, ” Joshua Kertzer Organizations: Soviets, Ohio State University, Chicago Council, Global Affairs, Democrats Locations: China, U.S, Taiwan, Washington, Harvard

☆ It’s the Perelman Performing Arts Center, But Bloomberg Gave More
▼ + stars: | 2023-06-07 | by ( Robin Pogrebin | ) www.nytimes.com time to read: +1 min

Year after year, plans to build a cultural institution on the World Trade Center site percolated, only to then fizzle out. The International Freedom Center, the Joyce Theater, the Drawing Center, the Signature Theater, New York City Opera, a design by Frank Gehry — all were discussed as possibilities, but none went anywhere. Now, two decades after the 2003 master plan for ground zero called for a cultural component, a performing arts center is finally preparing to open there in September. The center, which will ultimately cost $500 million — more than twice what was projected in 2016 — is now on track to have a ribbon cutting on Sept. 13. “I can afford it,” Mr. Bloomberg said of his largess during a recent hard hat tour of the center.

Persons: Frank Gehry —, Ronald O, Perelman, Michael R, Barbra Streisand, —, “, ” Mr, Bloomberg, ” Organizations: World Trade, Freedom Center, Joyce Theater, New York City Opera, Bloomberg Locations: New York

☆ Oldest Nearly Complete Hebrew Bible Sells for $38.1 Million
▼ + stars: | 2023-05-17 | by ( Jennifer Schuessler | ) www.nytimes.com time to read: +1 min

The oldest near-complete Hebrew Bible sold at Sotheby’s for $38.1 million on Wednesday, one of the highest prices for a book or historical document ever sold at auction. The volume, known as the Codex Sassoon, includes all 24 books of the Hebrew Bible, minus about eight leaves, including the first 10 chapters of Genesis. Researchers have dated it to the late ninth or early 10th century, making it the oldest near-complete Hebrew Bible known to exist. Speculation had percolated for months over who might have the desire — and deep pockets — to acquire the Bible, which carried an estimate of $30 million to $50 million. The Codex Sassoon will be donated to the museum (previously known as the Museum of the Jewish Diaspora) and be part of the core exhibition.

☆ ECB policymakers promise more hikes to beat inflation
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +3 min

"The essence of the effort has been done, although there will probably be a few more rate hikes," Villeroy told French broadcaster Radio Classique. Villeroy explained Thursday's smaller rate increase by saying higher rates were beginning to have an effect on inflation. And two ECB surveys also published on Friday showed economists had cut their inflation forecasts for this year and the next - to 5.6% and 2.6% respectively - and that companies were moderating the pace of price hikes. The ECB aims to bring inflation back to 2% by 2025, "maybe even by the end of 2024", he added. "We will keep rates high for a sufficiently long time to get inflation back to 2%," the Lithuanian central bank chief said.

☆ Britain’s pound is beating every other major currency this year
▼ + stars: | 2023-04-04 | by ( Julia Horowitz | ) edition.cnn.com time to read: +3 min

The pound, which has advanced about 3.3% versus the greenback since the start of 2023, is the best-performing currency among developed economies this year. The UK currency has been boosted by indications the country’s economy is holding up better than expected. The International Monetary Fund predicted in January that the UK economy would contract by 0.6% this year, while all other advanced economies would grow, if only slightly. “There was a lot of pessimism being priced into the pound,” said Francesco Pesole, a currency strategist at ING. “There was a big re-rating of growth expectations around Europe, and that impacted the UK,” Pesole said.

☆ Analysis: As worries over banks swirl, investors seek protection against market crash
▼ + stars: | 2023-03-17 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

The S&P 500 is down 5% from its early February high though it remains up 3% year to date. ... Now the downside tail has a lot more risk priced into it," said Chris Murphy, co-head of derivatives strategy at Susquehanna. Volatility in the Cboe Volatility Index (.VIX), which reflects expectations of stock volatility, has been muted by comparison, though the index hit a five-month high earlier this week. "That is something worth monitoring closely to gauge the expansion of risk within the system," he said. Reporting by Saqib Iqbal Ahmed; Editing by Ira Iosebashvili and Mark PorterOur Standards: The Thomson Reuters Trust Principles.

☆ Why did we get a monster jobs report if the economy is slowing?
▼ + stars: | 2023-02-04 | by ( Alicia Wallace | ) edition.cnn.com time to read: +6 min

And yet, even though it seemed impossible, the labor market is somehow getting tighter, said Rucha Vankudre, senior economist at business analytics firm Lightcast. “I think pretty much all the labor economists in the country this morning are shocked,” Vankudre said Friday during a webinar after the jobs report was released. The January jobs report shouldn’t trigger a wholesale change of what Fed members are thinking or what they were planning on doing before this report, Sarah House, senior economist at Wells Fargo, told CNN. Strong labor market in a slowing economy? January’s jobs report came with added complexity, because it included annual updates to populations estimates and revisions to employer survey data.

☆ Big Tech's wipeout sends workers scrambling
▼ + stars: | 2023-01-22 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com time to read: +6 min

Hi, I'm Matt Turner, the editor in chief of business at Insider. Up first: I just returned to New York after a few days in Davos, Switzerland, for the World Economic Forum. It was intense and informative, packed with meetings with business leaders and government ministers from around the world. Davos, Switzerland Hanna Erasmus and EyeEm/Getty ImagesMore than 1,500 business leaders descended on Davos in the Swiss Alps last week. Saumya Khandelwal/Hindustan Times via Getty ImagesIt was a wipeout at Silicon Valley's tech giants this week.

☆ A bizarre far-right coup plot uncovered in Germany hints at a much more sinister trend
▼ + stars: | 2022-12-21 | by ( Alexander Clarkson | World Politics Review | ) www.businessinsider.com time to read: +11 min

In early December, German police uncovered a plot by far-right conspirators to mount a coup. It is widely acknowledged that the electoral appeal of the far-right Alternative for Germany, or AfD, to about 10% of German voters is a matter of great concern. This image of political stability, though not unjustified, caused many observers to downplay the revelation in early December that German police had uncovered an organized plot by a network of far-right conspirators to mount a coup. German police and intelligence services had to take the threat this network represented seriously. This complacency gave the East German Stasi and other Soviet-bloc intelligence services opportunities to reach out to emerging radical networks willing to destabilize the Federal Republic at the time.

In this article BTC.CM=ETH.CM= Follow your favorite stocks CREATE FREE ACCOUNTKris Marszalek, CEO of Crypto.com, speaking at a 2018 Bloomberg event in Hong Kong, China. Paul Yeung | Bloomberg | Getty ImagesKris Marszalek wants everyone to know that his company, Crypto.com, is safe and in good hands. While no evidence has emerged of wrongdoing at Crypto.com, Marszalek's business history is replete with red flags. Over the course of 2008 and 2009, Marszalek and his partner were transferred nearly $3 million in payments from Starline, according to the documents. As a result, when the bank forced Starline into liquidation, Marszalek and his partner were forced into bankruptcy as well.

☆ Trump isn’t the only thing that could rock American democracy
▼ + stars: | 2022-12-08 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

In a rare bright spot for democracy in the wake of the US Capitol insurrection, Walker – unlike Trump after 2020 – conceded his loss. But looking to the next election, there’s a brewing fight over which states should have the first say in the presidential primary process. The most core question raised this week is being put to Supreme Court justices. Removing a check from the systemThe leap from Trump’s call to end the Constitution to the independent state legislature theory isn’t that far. Under the map approved by the state Supreme Court and after last month’s midterm elections, the delegation will be an even 7-7 when the new Congress is seated in January.

☆ 'The U.S. and the Holocaust' connects a complex history to the present
▼ + stars: | 2022-09-18 | by ( Review Brian Lowry | ) edition.cnn.com time to read: +1 min

It's fascinating as history, but sobering as current events. Yet they took a back seat to the more pressing fight against Hitler, first in his quiet support for England, and later with America's entry into the war. Understanding the US's role during the Holocaust requires going back before it, contemplating anti-immigrant sentiment that percolated through the 1920s, auto magnate Henry Ford's virulent anti-Semitism and interest in eugenics and racial superiority. As historian Timothy Snyder notes, Hitler expressed admiration for brutality toward Native-Americans in seizing their lands, seeing it as "The way that racial superiority is supposed to work." Broken into three chapters, the first encompasses the prewar period, the second 1938-42 and the third the conclusion of the war and its aftermath.

☆ The public cloud is changing how Wall Street works. Here's how the tech is upending everything from trading to dealmaking.
▼ + stars: | 2022-02-23 | by ( Bianca Chan | ) www.businessinsider.com time to read: +13 min

Cloud technology has now percolated through nearly every nook and cranny of Wall Street, affecting everything from investment banking to risk management and marketing. What's motivated the recent trend stems from two things that typically elicit change at financial firms: saving money and moving faster. But at least 30 Wall Street firms and well-known fintechs have publicly sided with one provider as a primary partner. "If you look at Wall Street, they have tens of thousands of people in back offices. Take Citibank, which accidentally wired $900 million to Revlon lenders in what is considered one of the largest blunders ever on Wall Street.

Search resuls for: "percolated"

20 mentions found