DIRS.INFO The most relevant business & tech news

☆ Zelensky says he will listen to Trump’s ideas to end war ‘with pleasure’
▼ + stars: | 2024-04-10 | by ( Sophie Tanno | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +5 min

CNN —Ukrainian President Volodymyr Zelensky said he would listen to former US President Donald Trump’s ideas to end the war in Ukraine with “pleasure” but trod carefully around the issue during an interview at the Delphi Economic Forum in Greece. I haven’t heard that directly from Trump,” Zelensky told CNN’s Senior Correspondent Fred Pleitgen via video link from Ukraine. Ukrainian President Zelensky is pictured speaking from Ukraine during an interview with CNN’s Fred Pleitgen, who is at the Delphi Economic Forum in Greece. Ukraine's President Volodymyr Zelensky inspects new fortifications for Ukrainian servicemen near the Russian border in the Kharkiv region on Tuesday. Ukrainian Presidential Press Service/Handout/Reuters“I’d like to underscore that no Western weapons were used to attack in such a way.

Persons: Volodymyr Zelensky, Donald Trump’s, ” Zelensky, CNN’s, Fred Pleitgen, “, Zelensky, Trump, Ukraine “, ”, The Trump, “ There’s, he’s, CNN’s Fred Pleitgen, Pleitgen, Vladimir Putin’s, Putin’s, Reuters “, Oleksandr Prokudin, Ukrenergo Organizations: CNN, Delphi, Republican, German, Wednesday, Trump, Russia, West, Presidential Press Service, Reuters, Ukraine’s Defense Forces of Locations: Ukraine, Greece, Ukrainian, Russia, Trump, Delphi, Zelensky, “, Kharkiv, Western, Russian, Odesa, Mykolayiv, Kherson, Mykolaiv

☆ Don't write off China: Why one economist says the nation is likely to grow at double the rate of the US in coming years
▼ + stars: | 2024-04-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

China will grow at double the US rate in coming years, Nicholas R. Lardy wrote for Foreign Affairs. China's nominal GDP will surpass the US's in a decade as the yuan appreciates, Lardy said. In that case, China's GDP outpaced the US, with each country expanding 5.2% and 2.5%, respectively. That depressed China's yuan, eroding the value of its GDP when measured in dollars. "When real estate is excluded, private investment rose by almost ten percent in 2023. "

Persons: Nicholas R, Lardy, —, it's Organizations: Foreign Affairs, Service, Peterson Institute Locations: China, United States, Washington

☆ Opinion: The heroism of Ukraine and the nihilism of Mike Johnson
▼ + stars: | 2024-03-28 | by ( Opinion Amelia Glaser | Marci Shore | ) edition.cnn.com time to read: +12 min

Yevhenii Zavhorodnii/Global Images Ukraine/Getty ImagesIn Ukraine the air raid alerts are incessant. Kyiv has the best air defense in Ukraine; the country lacks the resources to defend other cities this way. He noted that Ukrainian air defense had done a spectacular job that morning intercepting every single missile launched at Kyiv. The United States has essentially cut off Ukraine, and Ukrainian air defense is quickly running out of ammunition. After we landed back in JFK, we turned off the air raid sound on our phones.

Persons: Amelia Glaser, Marci Shore, Read, Mike Johnson, Vladimir Putin’s, Covid, ” –, Andrii, you’re, Oleksandr Roytburd, Roytburd, Alla Horska, Tymofiy Mylovanov, Amelia, Iya Kiva, Marci, Tetyana Ogarkova, Volodymyr Yermolenko, Putin, Tucker Carlson, Bohdan Khmelnytsky, Carlson, Khmelnytsky, Oleksandr Halenko, Gleb Garanich, texted, ”, Sergii, “, Alina Smutko, Sergii’s, Mark Hamill –, Luke Skywalker, Agiya Zagrebelska, Arad, “ Pessimists, Rob Bauer, ” Bauer, “ I’m, Iaroslava Strikha, beholden, Donald Trump, Johnson, Arseniy Yatsenyuk, ” Putin Organizations: UC San Diego, Yale University, CNN, of Decorative, Applied Arts, Design, Warsaw —, Kyiv School of Economics, KGB, Ukrainian, Fulbright, NATO, National Agency on Corruption, Kyiv Security, United, Kyiv, National, Security Forum Locations: Russia’s, Crimea, Kyiv, New York, JFK, Warsaw, Polish, Chelm, Bucha, Russian, Yevhenii, Ukraine, Sens, Ukrainian, Crimean Tatar, KSE, Muscovy, Russia, Poland, Syria, Murmansk, Kyiv oblast, Austrian, texted, United States

☆ Opinion | Yes, Take Me Back to 2001
▼ + stars: | 2024-01-26 | by ( Ross Douthat | ) www.nytimes.com time to read: +2 min

“Let me be the bridge to an America that only the unknowing call myth,” he told his audience. “Let me be the bridge to a time of tranquillity, faith and confidence in action. And to those who say it was never so, that America’s not been better, I say you’re wrong. But much of contemporary conservatism believes strongly in Dole’s formulation — in a lost Arcadia and a debased present. But they’re usually couched as a kind of reactionary futurism, where going forward requires first taking several big steps back.

Persons: Bob Dole, ”, America’s, Dole’s, Bill Clinton’s, Donald Trump, Matt Yglesias Organizations: Republican, Trump Locations: America, Arcadia

☆ Bank credit is shrinking for the first time since the Great Recession – and that's a red flag for the economy
▼ + stars: | 2024-01-19 | by ( George Glover | ) www.businessinsider.com time to read: +5 min

The last one was during the Great Recession, brought about by the global financial crisis of 2008-2009. The extended slump in bank lending comes as many Wall Street experts continue to project a pessimistic outlook for the economy, despite the surprisingly upbeat trend seen in 2023. Recession warningsThe US economy defied forecasters' gloomy predictions by dodging a recession last year, with strong consumer spending helping to prop up growth. AdvertisementBut not everyone on Wall Street is so cheerful. It might be a mild recession or a heavy recession," he added, noting it's possible that the downturn bites in 2024.

Persons: —, Jeffrey Gundlach, Henry Kravis, David Rosenberg, Steve Hanke, Gary Shilling, Continentale, Janet Yellen, haven't, JPMorgan Chase, Jamie Dimon, Hanke, Rosenberg, it'd Organizations: Service, Business, Governors, Federal, Wall, Louis Federal Reserve, Bank, Federal Reserve, Philadelphia Fed, JPMorgan, Fox Business Locations: Bank, Ukraine, Gaza

☆ Don't worry about US debt because household wealth is 4 times bigger, former Fed economist says
▼ + stars: | 2024-01-12 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

US debt worries are overblown, former Fed economist Claudia Sahm wrote in Bloomberg. Household wealth stands at $142 trillion, a massive resource to fund debt, she said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS national debt recently topped a record $34 trillion, but worries over its size are misguided, former Federal Reserve economist Claudia Sahm wrote in a Bloomberg op-ed. "Yes, $34 trillion is big number, but $142 trillion is even bigger and much more important because it represents the total wealth of Americans —a massive resource that helps fund government debt and deficits," she said.

Persons: Claudia Sahm, — Organizations: Bloomberg, Service, Federal, Business

☆ Remote Work Hurts Innovation Among Work Teams, Massive New Study Finds
▼ + stars: | 2023-12-19 | by ( Aki Ito | ) www.businessinsider.com time to read: +10 min

Now, though, a massive new study published in the journal Nature has shed new light on the effect of remote work on innovation. Even though remote work is a relatively new development in corporate settings, scientists and inventors have been collaborating over long distances for decades. On remote teams, by contrast, the more established collaborators tended to come up with the original idea on their own. And just because remote collaboration didn't work for innovation in the past doesn't necessarily mean it won't work in the future. But the study's findings — given the remarkable sweep of the data it examined — do suggest some guidance for companies in the age of remote work.

Persons: haven't, Carl Benedikt Frey, Frey, Watson, Crick's, they'll, who's, Slack, you'll, we're, Aki Ito Organizations: Netflix, Oxford University, University of Pittsburgh pored, Oxford, Duke University, Business Locations: Silicon Valley

☆ AI Helps Unskilled Employees on the Job, Hurts Experienced Workers
▼ + stars: | 2023-12-04 | by ( Aki Ito | ) www.businessinsider.com time to read: +13 min

The numbers have prompted AI optimists to predict an economic boom and AI pessimists to worry about a future of fewer jobs. The question isn't how much AI helps out around the office but who it helps — and why. AI, in other words, is raising overall productivity by narrowing the gap between high performers and low performers. Researchers tasked people to write a short story, with and without the help of an AI tool for generating ideas. A few enterprising employers will go all in on hiring job candidates with less experience and boosting their performance with AI.

Persons: I've, optimists, It's, coders, it's, Bolt, it'll, we'll, isn't, We've, there's, Aki Ito Organizations: Software, Management, Law, Business Locations: United States

☆ 'Same as ever:' Lessons on wealth, greed and happiness from Morgan Housel
▼ + stars: | 2023-11-27 | by ( Bob Pisani | ) www.cnbc.com time to read: +13 min

Morgan Housel(Note: Morgan Housel will be on HalfTime Report today at 12:35 PM ET and on ETF Edge at 1:10 PM. To give you an idea of how big that is, a typical financial book will sell roughly 5,000 copies. Now Housel is back with a second book, "Same As Ever: Timeless Lesson on Wealth, Greed and Happiness." Housel cites Charlie Munger, who noted that the world isn't driven by greed, it's driven by envy. Today's economy is good at generating three things: wealth, the ability to show off wealth, and great envy for other people's wealth."

Persons: Morgan Housel, Twain, Bill Gates, Gates, Morgan, Housel, Charlie Munger, Nassim Taleb, Elon Musk, Steve Jobs, Walt Disney, — Organizations: Collaborative Fund, Edge, Lakeside High School, National War Labor Board, Rolex Locations: Seattle, California

☆ Worried About Inflation? Move to Alaska, Sell the Car and Become a Vegetarian
▼ + stars: | 2023-11-17 | by ( Tim Smart | ) www.usnews.com time to read: +7 min

The consumer price index for October showed inflation at a 3.2% level, while the producer price index came in with an annual rate of 1.3%. Perhaps the most interesting and relevant facts about inflation are that the overall number means little to the average person. “Although the overall consumer price level was flat in October, shelter inflation continued,” said Danielle Hale, chief economist for Realtor.com. Overall inflation among select urban areas was highest in the Miami to West Palm Beach corridor, up by 7.4% in October. Their inflation rate was 1.1%.

Persons: Jerome Powell, Richard McPhail, Doug McMillon, McMillon, ”, Kayla Bruun, Joe Biden, PublicSquare, Tony Welch, Danielle Hale, Shawn Ashworth, Ashworth, Maxx, Jeff Bezos Organizations: Federal, Walmart, New York Jets, Realtor.com, Berkeley Research, Goods, Auto Locations: U.S, ”, Florida, Miami, West Palm, Anchorage , Alaska

☆ Japan business mood improves, but global stress dims outlook - Reuters Tankan
▼ + stars: | 2023-11-07 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +3 min

People walk on a crosswalk at a business district in central Tokyo, Japan September 29, 2017. The monthly poll mirrored a similar improvement seen in the third quarter in the Bank of Japan's (BOJ) closely-watched quarterly tankan survey. The service-sector index grew to plus 27 from plus 24 in the previous month, led by retailers, information and communications, and other services. Analysts expect Japan's economy, the world's third-biggest, to have shrunk in the third quarter, the first contraction in four quarters, according to a Reuters poll. The Reuters Tankan indexes are calculated by subtracting the percentage of pessimistic respondents from optimistic ones.

Persons: Toru Hanai, Tetsushi, Shri Navaratnam Organizations: REUTERS, Reuters, Bank of Japan's, pessimists, Thomson Locations: Tokyo, Japan, TOKYO, China

☆ Opinion | Why Did So Many Economists Get Disinflation Wrong?
▼ + stars: | 2023-11-07 | by ( Paul Krugman | ) www.nytimes.com time to read: +2 min

The bottom line is that disinflation is real — indeed, spectacular. Are we all the way back to 2 percent inflation? But we’ve gotten most of the way there, without a recession or even a large rise in unemployment. Still, what strikes me about the dire inflation predictions of summer and fall 2022 is their non sequiturness (non sequituritality?). One strand of argument involved parallels with the inflation of the 1970s, which was indeed very hard to get down.

Persons: we’ve, wouldn’t, Biden, pessimists

☆ Does AI Pose an Existential Risk to Humanity? Two Sides Square Off
▼ + stars: | 2023-11-07 | by ( ) www.wsj.com time to read: 1 min

People have been worrying about computers taking over the world since they used tape reels and punchcards. But for at least some people, the threat now seems much more plausible. As artificial intelligence advances into new—and sometimes scary—capabilities, there is a growing movement to sound the alarm about the technology. Pessimists—including some of the top executives building advanced AI systems—argue that its creations could lead to catastrophe.

☆ Beware the bears: Why it's too easy to be a seller right now
▼ + stars: | 2023-10-01 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

Now that we are almost back to normal via de-inversion, what does that say to the billionaire class? The stock sellers show no fortitude. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: —, Jerome Powell, Brent, didn't, Jim Cramer's, Jim Cramer, Jim, Kai Pfaffenbach Organizations: Treasury, Costco, Organization of Petroleum, Club, Costco Wholesale, Nike, Honeywell, Nvidia, Fed, Jim Cramer's Charitable, CNBC Locations: Saudi Arabia, Frankfurt, Germany

☆ Instacart's biggest IPO twist: Tech trying to go public as a value stock
▼ + stars: | 2023-09-18 | by ( Tim Mullaney | ) www.cnbc.com time to read: +9 min

At the top of the latest IPO price range, the enterprise value would be 16x EBITDA. The right valuation for Instacart depends on where the ultimate rate of sales growth falls, Einhorn said. Including the cash on the company's balance sheet, that values Instacart at about three times EBITDA – way below DoorDash's valuation. Even that would value the company at only seven times 2025 EBITDA, and about 14 times EBITDA from the last four quarters, still a sharp discount to DoorDash. So in a twist few would have predicted in 2020 or 2021, Instacart is trying to go public as a value stock, carefully managed to wring the best results from potentially modest growth.

Persons: Instacart, –, Einhorn, Matt Einhorn, Mark Mahaney, DoorDash, Nicholas Cauley, Cauley, Covid, Nick Giovanni, Giovanni, EBITDA Organizations: Renaissance Capital, San Francisco, ISI, Walmart, Kroger, Aldi, Omicron, Gross Locations: DoorDash, EBITDA, York

☆ Japan corporate mood sours on fears of China-led global downturn: Reuters poll
▼ + stars: | 2023-09-14 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +3 min

The gloom across the business sector underlines the challenge for Japanese policymakers and raises doubts that exports could fuel an economic recovery in the face of weak domestic demand. The Reuters Tankan monthly poll of 502 big manufacturers, showed a sharp fall in the sector's sentiment index to plus 4, from plus 12 in August. Compared with three month ago, the manufacturers' sentiment index -- calculated by subtracting the percentage of pessimistic respondents from optimistic ones -- was down four points and suggests decline in the quarterly tankan survey. The Reuters Tankan non-manufacturers index also dropped nine points to hit plus 23 in September from the previous month, the biggest decline since May 2020, the survey showed. The business sentiment over the coming three months showed the manufacturers' index flat in December and the service-sector index slightly down at plus 21 at year-end.

Persons: Tetsushi, Shri Navaratnam Organizations: Reuters, Bank of, Overseas, Thomson Locations: China, TOKYO, Bank of Japan's, Ukraine, U.S

☆ Japan corporate mood sours on fears of China-led global downtown: Reuters poll
▼ + stars: | 2023-09-12 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +3 min

Persons: Tetsushi, Shri Navaratnam Organizations: Reuters, Bank of, Overseas, Thomson Locations: China, TOKYO, Bank of Japan's, Ukraine, U.S

As valuations for National Basketball Association and National Football League teams have leaped beyond the reach of even some billionaires, pickleball offers, by comparison, a more affordable opportunity. Valuations of pickleball teams reportedly range anywhere from $1 million to $10 million. Pickleball proponents say the sport will eventually develop its own celebrity players. He pointed out that while pingpong has long been played by millions of people in multiple countries, it hasn’t become a commercial success. “I think that pickleball is going to confront some of the same issues,” he said.

Persons: pickleball, ”, Patrick Rishe, St . Louis, it’s, David Levy, Levy, Andre Agassi, John McEnroe, ” Andrew Zimbalist, DealBook, pingpong, hasn’t, “ Organizations: National Basketball Association and National Football League, Washington, Washington University, Turner, Horizon, ESPN, Smith College Locations: St .

Since CPI inflation tends to be faster than the PCE measures that the Fed uses to set its inflation target, that means one important area of policymaker focus may have dipped below target already. But the pace of increase pales against the double-digit gains in 2021, and the inflation rate for rental housing has also slowed. A recent study by San Francisco Fed economists, using real-time housing and rent data from companies like Zillow, projected "a sharp turnaround in shelter inflation" through late next year. Two versions of the San Francisco estimates show shelter inflation hitting 0% next year, well below the 3%-to-4% range that Meyer said could help the Fed traverse its last inflation mile more quickly. Other aspects of the economy may also be snapping into place, a possible late-arriving validation of the Fed's initial expectation that rising inflation in 2021 would prove "transitory."

Persons: Brent Meyer, Meyer, Quincy Krosby, they've, Christopher Waller, Howard Schneider, Dan Burns, Paul Simao Organizations: Federal Reserve, Reuters Graphics Reuters, Atlanta Fed's, Fed, CPI, San Francisco Fed, LPL, Richmond Fed, Reuters, Thomson Locations: U.S, San Francisco

☆ How Economists Missed the Big Disinflation - The New York Times
▼ + stars: | 2023-08-14 | by ( Paul Krugman | ) www.nytimes.com time to read: +2 min

One is the claim that much of the progress against inflation is in some sense illusory, that underlying inflation is still well above 4 percent. Now, there are enough measures of underlying inflation out there that if you pick and choose you can still manage to be pessimistic, but the preponderance of the evidence — plus the results of hands-free algorithms that use a consistent procedure to extract the signal from the noise — suggests underlying inflation around 3 percent and dropping. The other is the claim that disinflation pessimists were simply applying standard economic models, so that the fault lay in the models, not themselves. But that’s simply not true. Standard models say that disinflation is very costly if persistent high inflation has become entrenched in expectations.

Persons: that’s

☆ The S&P 500 is enjoying one of the best years since 1927, thanks to the AI buzz
▼ + stars: | 2023-08-02 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

The S&P 500 is riding one of its best years since 1927, thanks to the AI hype. It's only been 10 times since the 1920s that the benchmark index has performed so well, market veteran Jim Bianco said. With price-only S&P 500 data going back to 1927, this year ranks as the tenth best through July 31,"40-year market veteran Jim Bianco said in a tweet. The S&P 500 has jumped nearly 20% this year, defying pessimists like Morgan Stanley's Mike Wilson who recently admitted the Wall Street bank was wrong to write off 2023's sizzling stock-market rally. As the index continues its ascent, analysts at JPMorgan predict that a new record high for the S&P 500 "feels inevitable."

Persons: Jim Bianco, Stocks, Dow Jones, OpenAI's, Morgan Stanley's Mike Wilson Organizations: Service, Nasdaq, Dow, Federal Reserve, JPMorgan Locations: Wall, Silicon

☆ A.I. is changing national security systems. Here's what's ahead for defense stocks
▼ + stars: | 2023-07-30 | by ( Hakyung Kim | ) www.cnbc.com time to read: +7 min

Vladimir Putin said in 2017 that whoever becomes the leader in artificial intelligence "will be the ruler of the world." The department examined AI technology in defense through two pathways: The first was "autonomy at rest," which describes decision-making support software. Critically, artificial intelligence in defense will help automate more dangerous tasks while also reducing the risk of human casualties. "As of now, there is not the development of artificial intelligence technology in regards to making life-or-death choices. Boeing announced earlier in 2023 that it would partner with defense technology company Shield AI to expand AI pilot offerings for its military clients.

Persons: Vladimir Putin, Bob Work, Jonathan Sakraida, Lockheed Martin, Sakraida, Northrop, Booz Allen Hamilton Organizations: Pentagon, Deutsche Bank, Department of Defense, Center, New, New American Security, U.S, Defense, CFRA Research, U.S . Army, Lockheed, Dynamics, Department of, Carnegie Endowment, International, IBM, Palantir Technologies, Cisco, BAE Systems, Research Projects Agency, Northrop Grumman, Booz, Boeing, Air Force Locations: New American, There's, China, U.S, United Kingdom

☆ Wall St. Pessimists Are Getting Used to Being Wrong
▼ + stars: | 2023-07-28 | by ( Joe Rennison | More About Joe Rennison | ) www.nytimes.com time to read: +1 min

Beaten as they might be by the stock market’s rally, worriers on Wall Street still question how long it can last. After starting the year with dour warnings about the economy, many investors and analysts have changed their minds. Marquee earnings from some large tech companies, like Meta and Alphabet, helped drive stock prices higher. Consumer-facing companies like Coca-Cola and Unilever that are dependent on households continuing to spend also posted bumper financial results. The benchmark sits roughly 5 percent away from the record it reached in January 2022.

Persons: Jerome H, Powell Organizations: Consumer, Cola, Unilever, Federal Reserve

☆ Morning Bid: Dollar flexes into Fed week, calm returns
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +4 min

Another unexpectedly tight weekly reading from the U.S. labour market sowed some lingering doubts that we're on the cusp of 'peak Fed' just yet. The tech wobble saw the Nasdaq (.IXIC) recoil 2% in its biggest drop since March. A quieter earnings schedule is topped by American Express - but nearly all the other banks have been impressive over the past week. Pessimists think the Fed is not done tightening yet and any further rate hikes after next week will just hasten a downturn in 2024. That has sobered up the Treasury market a touch after a couple of weeks of disinflation relief.

Persons: Mike Dolan, jockeying, we're, Dow Jones industrials, Johnson, Pessimists, Huntington Bancshares, Janet Yellen, Angus MacSwan Organizations: Big Tech, Tesla, Netflix, Nasdaq, American Express, Treasury, Bank of Japan, Comerica, Regions, Roper Technologies, Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Huntington, Schlumberger, Canada, Hanoi

Voters appear to be persuadable on some of those issues, the poll showed, while they are finding fault with Republicans for their efforts to restrict abortion. Both he and Trump supported the U.S. Supreme Court’s decision last year to end the nationwide right to abortion. Republicans were solidly against teaching gender issues in public schools, with 76% opposed, 20% in favor and the rest unsure. Independents were less decided, with 49% against teaching gender issues, 27% in support and 24% unsure. Seventy percent described teaching of gender issues in schools that way and 61% saw importance in the issue of transgender athletes in children's sports.

Persons: Joe Biden, Donald Trump, Ron DeSantis, Biden, Jacob Rubashkin, DeSantis, Trump, Rubashkin, Jason Lange, James Oliphant, Scott Malone, Matthew Lewis Organizations: Democratic, Republican, Reuters, Republicans, Biden, Florida, Elections, Trump, Democratic National Committee, U.S, Thomson Locations: Washington, Florida, U.S .

Search resuls for: "pessimists"

25 mentions found