DIRS.INFO The most relevant business & tech news

☆ A stock trader who's up nearly 200% this year shares the filter that finds high-conviction plays, and explains how he doubles down during earnings season using the same process
▼ + stars: | 2024-05-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

This time, he stuck to the spot market, both day trading and swing trading. AdvertisementHis next filter is stocks trading above $1 to avoid any really volatile penny stocks. All this is done before the stock market opens. He doubles down with this filter by using it during earnings season as well. He determined that $2.48 was a resistance point based on where selling pressure appeared during the previous month's chart.

Persons: James Hatzigiannis, William O'Neill, Hatzigiannis, Mark, Goverdhan Gajjala Organizations: Service, Nike, Business, BI, Photonics Corp, L3Harris Technologies, Rail, Systems Locations: Chicago

☆ Jamie Dimon says inflation is worse than people think, and that the market is too optimistic about a soft landing
▼ + stars: | 2024-05-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMarkets underestimate inflation's likely endurance, as an array of factors keep price upside churning, JPMorgan CEO Jamie Dimon told Bloomberg TV. "I think the underlying inflation may not go away the way people expect it to," he told the outlet at the JPMorgan Global Markets Conference. AdvertisementIt's a point Dimon keeps reiterating despite market bullishness, as investors keep trading on the premise that subsiding inflation allows interest rates to eventually ease. In his annual letter to JPMorgan shareholders published last month, he expressed similarly doomy outlooks concerning inflation, interest rates and the economy's trajectory.

Persons: —, Jamie Dimon, Dimon's, he's, Dimon Organizations: Service, JPMorgan, Bloomberg, JPMorgan Global Markets, Business, Bank of America's, Global Fund Locations: Bank, China, Beijing, Russia, United States

☆ CNBC's Inside India newsletter: A disconnected stock market
▼ + stars: | 2024-05-10 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

CNBCThis report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. For local investors, Indian stocks would have underperformed the U.S. benchmark by more than 45 percentage points since Buffett's 2008 bet. It appears that India's near 8% GDP growth isn't transforming into stock market returns. But that has also meant significant competition for the incumbents, many of which are listed on the stock market. This year has also been particularly unlucky for Indian stock market investors thanks to the uncertainty added by politics.

Persons: Warren Buffett, it's, Jonathan Pines, Federated Hermes, Rajeev Agrawal, Agrawal, Narendra Modi's, Kevin Carter, Buffett, Carter, Modi, Narendra Modi, Amit Shah, Virat Kohli, Rajat Patidar Organizations: Berkshire, CNBC, BSE, Federated, DoorDarshi Advisors, Narendra Modi's BJP, India, Ecommerce, One97 Communications, Ujjivan Financial, BJP, Russia, Indian, Ukraine, India's Central Bureau of Investigation, Indian Premier League, Wednesday, Royal Challengers Bengaluru Locations: Omaha , Nebraska, Omaha, BSE India, India, United States, Gandhinagar Lok Sabha, Russia, Mumbai, Punjab Kings

☆ U.S. Tightens Rules on Risky Virus Research
▼ + stars: | 2024-05-07 | by ( Carl Zimmer | Benjamin Mueller | ) www.nytimes.com time to read: +1 min

The White House has unveiled tighter rules for research on potentially dangerous microbes and toxins, in an effort to stave off laboratory accidents that could unleash a pandemic. The new policy, published Monday evening, arrives after years of deliberations by an expert panel and a charged public debate over whether Covid arose from an animal market or a laboratory in China. But others warned against creating restrictive rules that would stifle valuable research without making people safer. The debate grew sharper during the pandemic, as politicians raised questions about the origin of Covid. Those who suggested it came from a lab raised concerns about studies that tweaked pathogens to make them more dangerous — sometimes known as “gain of function” research.

Locations: China

☆ Power demand from data centers is expected to boom by 160% into 2030, boosting electricity needs at a rate unseen in a century. These 16 buy-rated stocks are set to benefit, according to Goldman Sachs
▼ + stars: | 2024-05-05 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

According to an April 28 report from Goldman Sachs, the demand for power from AI data centers is expected to increase by 160% between 2023 and 2030. The report states that the rate of demand growth expected in the next five years has not been witnessed since the beginning of the century. AdvertisementFluence Energy (FLNC) provides clean energy storage that can serve as a power supply backup source if data centers experience outages. NextEra Energy (NEE) is a US energy company already providing power to data centers and demand from its electricity supply is expected to grow. nVent Electric (NVT) is an electrical parts supplier that provides liquid cooling, enclosures, power distribution, and cable management for data centers.

Persons: —, Goldman Sachs, Goldman, it's, Kinder Morgan Organizations: Service, Real, Business, Microsoft, Fluence, Google, GE, NextEra Energy, Co, Georgia Power, Xcel Energy, Cameco Corporation, EQT Corp, Caterpillar, Eaton Corporation, MYR Locations: US, Canadian

☆ Ukraine tightens pressure on military age men abroad as part of wider mobilization rules overhaul
▼ + stars: | 2024-04-23 | by ( Radina Gigova | ) edition.cnn.com time to read: +4 min

CNN —Ukraine is tightening pressure on men of call-up age living abroad by temporarily suspending consular services, amid a wider overhaul of the country’s mobilization rules aimed at beefing up its defenses against Russia’s invasion. The mechanism for updating and verifying military registration data “is currently being determined,” it said. After updating their military registration data at recruitment centers in Ukraine, male citizens aged 18 to 60 with valid military registration documents will have full access to consular services, the ministry said. The temporary suspension won’t affect the provision of consular assistance in case of emergencies with Ukrainian citizens abroad, it added. The new law is aimed at boosting the pool of men available to fight for Ukraine and streamline registration.

Persons: Dmytro Kuleba, ” Kuleba, “, ”, Volodymyr Zelensky, Zelensky’s, Oleksandr Syrsyki Organizations: CNN, “, Ukraine’s Ministry of Foreign Affairs, Foreign Ministry, People Locations: Ukraine, Ukraine’s

☆ Netflix earnings are about to hit the Street. Here’s what traders need to know
▼ + stars: | 2024-04-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

Wall Street anticipates a largely rosy setup for the stock, with many forecasting that the company beats, or reports in line with expectations. The anticipation contributed to some Wall Street firms lifting their price targets heading into the print. Under the paid sharing plan , Netflix account owners can buy an extra member slot and invite people outside their household to use the service. "After 1Q24, Netflix begins to lap the paid sharing benefits - most significantly in 2H24," wrote Morgan Stanley's Swinburne. Reason for caution Despite Netflix's strong run this year and the benefits reaped through paid sharing, some Wall Street analysts see reasons for caution.

Persons: —, Morgan Stanley, Benjamin Swinburne, Doug Anmuth, Morgan Stanley's Swinburne, Piper Sandler, Wall, Anmuth, Goldman Sachs, Eric Sheridan, Bryan Kraft, Kannan Venkateshwar, Deutsche Bank's Kraft, Piper Sandler's Matt Farrell, MoffettNathanson's Michael Nathanson, Street's, Farrell, Citi's Jason Bazinet Organizations: Netflix, LSEG, Deutsche Bank, Barclays, Street, Kraft, Deutsche, WWE, NBA, Netflix's WWE Locations: 2H24

Morgan Stanley raised its price target on Ford after the company reassessed its electric vehicle strategy. That "paints path to ~$230-$290 stock price as we argue AMZN could warrant an even higher multiple in this scenario," he added. — Michelle Fox 7:38 a.m.: Evercore hikes Disney price target, points out near-term catalysts Walt Disney has a bright near-term outlook, according to Evercore ISI. In addition to cutting his price target, Harned also pulled down his outlook for free cash flow and deliveries. — Alex Harring 5:48 a.m.: KeyBanc raises Nvidia price target There's no slowing down Nvidia , according to KeyBanc.

Persons: Morgan Stanley, KeyBanc, Brian Nowak, Jon Tower, — Michelle Fox, Walt Disney, Vijay Jayant's, Jayant, Bob Iger, — Lisa Kailai Han, David Palmer, Palmer, Uber, — Alex Harring, Bernstein, Douglas Harned, Harned, Dave Calhoun, Alex Harring, Anthony Chukumba, Chukumba, selloff, Ross Seymore, Seymore, TD Cowen, Doug Anmuth, Anmuth, there's, John Blackledge, Blackledge, Jason Bazinet, Bazinet, There's, Goldman, Goldman Sachs, Kate McShane, McShane, BJ, Mark Strouse, Strouse, Adam Jonas, Jonas, Ford, John Vinh, Vinh, Fred Imbert Organizations: CNBC, Monday's, Ford, Nvidia, Amazon, Citi Citi, Grill, ISI, Disney, India's Reliance Industries, Reliance Industries, Netflix, Hulu, Boeing, Dow Jones, Capital, Loop Capital, Deutsche Bank, Broadcom, VMWare, JPMorgan, Citi, BJ's Wholesale, GE, GE Vernova Locations: Michigan, Alaska, F1Q, California, The Massachusetts, Friday's, China

☆ New Zealand tightens visa rules in response to ‘unsustainable’ migration
▼ + stars: | 2024-04-07 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +1 min

CNN —New Zealand announced it has tightened its visa rules, introducing language and skill criteria and shortening work permit lengths in response to “unsustainable net migration.”The changes to the Accredited Employer Worker Visa (AEWV) scheme have gone into immediate effect, and will mean that New Zealand is “better testing the local labor market and reducing the risks of putting New Zealanders out of work,” the country’s Minister of Immigration, Erica Stanford, announced on Sunday. In 2023, 173,000 non-New Zealand citizens migrated to the country, the statement said. Employers will need to make sure that migrants meet these requirements before hiring them, and will be required to declare that no “suitable and available New Zealander” applied for a job before it is offered to a migrant. They must also advertise job postings for at least 21 days and declare “why any New Zealanders who applied were not hired,” according to New Zealand’s Ministry of Business, Innovation and Employment. Some roles in the transport and care sectors will be exempt from these requirements, the Ministry of Business, Innovation and Employment website says.

Persons: Erica Stanford, Stanford, “, Zealander ” Organizations: CNN, New Zealand, Zealanders, Immigration, Employers, New Zealand’s Ministry of Business, Innovation, Ministry of Business Locations: Zealand, New Zealand, Zealanders, Zealander

☆ Article 23: Hong Kong passes second national security law aligning city more closely with mainland China
▼ + stars: | 2024-03-19 | by ( Chris Lau | ) edition.cnn.com time to read: +6 min

Coming into effect on Saturday, the law introduces 39 new national security crimes, adding to an already powerful national security law that was directly imposed by Beijing on Hong Kong in 2020 after huge and sometimes violent democracy protests the year before. Hong Kong’s Chief Executive Lee described it as a “historical moment for Hong Kong.”Lawmakers attend a meeting for Basic Law Article 23 legislation at the Legislative Council on March 19, 2024 in Hong Kong, China. They argue their legislation is similar to other national security laws around the world. “This will surely increase the doubt, anxiety, and uncertainty of foreign businesses in Hong Kong.”In mainland China, national security laws have often ensnared both local and foreign businesses in opaque investigations. That is something Emily Lau, a former pro-democracy lawmaker, also worries about, that what made Hong Kong distinct is fast fading.

Persons: –, John Lee, Hong, Lee, Chen Yongnuo, ”, Hong Kong’s, Eric Lai, Lai, ” Lai, Hung Ho, fung, Capvision, Sarah Brooks, “, ” Brooks, ” Johannes Hack, Emily Lau, I’ve Organizations: Hong Kong CNN, Hong, ” Lawmakers, Legislative, China News Service, China’s Communist Party, CNN, Georgetown Center, Asian Law, Johns Hopkins University, Amnesty International, German Chamber of Commerce, Hong Kong Locations: Hong Kong, Hong Kong’s, Beijing, China, Amnesty International China, ”, Hong

☆ China tightens regulations on consumer finance companies
▼ + stars: | 2024-03-19 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

(Photo by VCG/VCG via Getty Images)China has tightened the screws on consumer finance companies, raising the capital limit for non-bank financial firms which provide small personal loans. The measures announced by the National Financial Regulatory Administration on Tuesday will come into effect April 18. It comes at a time when Beijing is tightening its grip on the financial sector. The new rules stipulate that firms eligible to provide consumer loans — excluding those for home and car purchases — need to have a minimum registered capital of 1 billion yuan ($139 million). Investors of consumer finance firms are divided into main investors and general investors, according to the statement.

Organizations: of, National Committee of, Political Consultative, Getty Images, National Financial Regulatory Administration, Reuters, Investors Locations: BEIJING, CHINA, Beijing, China

☆ The Fed 'went crazy' with rates and did big damage to the real estate market, billionaire mogul Barry Sternlicht says
▼ + stars: | 2024-03-07 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

The real estate market is "collateral damage" in the Fed's inflation fight, Barry Sternlicht said. AdvertisementThe commercial real estate market is hurting, and that's largely thanks to the Federal Reserve's aggressive rate hikes which have battered the economy, real estate billionaire Barry Sternlicht said. In an interview on "In Depth with Graham Bensinger," the real estate investor and Starwood Capital CEO sounded off the Fed's policy-tightening campaign since early 2022. AdvertisementLast year, Sternlicht warned of a "Category 5 hurricane" coming for the real estate market, which he believed could be followed by a recession. Still, Sternlicht said he was optimistic about the real estate market going forward, and while property prices have plunged, that creates investment opportunity.

Persons: Barry Sternlicht, I've, Sternlicht, —, Graham Bensinger, Morgan Stanley, Sternlict, Powell, Joe Biden Organizations: Starwood, Service, Starwood Capital CEO, Bloomberg, Fed, Wall, Infrastructure Investment, Investors

☆ Investors should tread carefully in March after bitcoin's explosive rally to $60,000
▼ + stars: | 2024-03-03 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

With bitcoin on a hot streak this past week, investors should brace themselves for a cooling in March. "But cash inflows into spot bitcoin ETFs are accelerating, and that seems to have been overpowering those technical signals." Although Bitcoin traded above $62,000 to end the week, it's realized price was down at the $42,000 level, according to CryptoQuant. CryptoQuant also showed the cost of opening new long positions in the futures market spiked in the recent rally, which historically signals a coming correction in the bitcoin price. Ether, however, has ended the month higher in six of the last eight March's since its inception, with an average gain on the month of 25%.

Persons: Yuya Hasegawa, Hasegawa, Julio Moreno, Bitcoin, it's, bitcoin, CryptoQuant, David Duong, Duong, Michael Bloom Organizations: JPMorgan, CNBC, Federal, New York Community Bancorp Locations: New York

☆ China tightens reins on quant trading after three-day ban on fund
▼ + stars: | 2024-02-21 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

China is tightening regulatory restrictions on its rapidly booming quant trading industry, after freezing the accounts of a major player in the sector for three days in a rare crackdown. The stock exchanges of key financial hubs Shanghai and Shenzhen issued notices late Tuesday announcing they will deepen their scrutiny of market trades conducted by quant funds — which use advanced computer-driven automated analysis and algorithms to catch opportunities in stocks and commodities — especially of leveraged quantitative products, according to separate Google-translated statements. The bourses will strengthen and expand the scope of reporting of such trades and improve the monitoring standards for "abnormal" transactions. The Shenzhen stock exchange also noted that "quantitative trading, especially high-frequency trading, has obvious technical, information and speed advantages over small and medium-sized investors." The announcements come after both exchanges implemented a three-day trading ban on one of China's largest quant funds, Lingjun Investment, which the Shanghai bourse accused of "affecting the security of the Exchange's system or normal trading order" with a flurry of transactions executed between 09:30 a.m. and 09:31 a.m. local time, according to a Google-translated statement.

Organizations: Lingjun, Shanghai bourse Locations: China, Shanghai, Shenzhen

☆ JPMorgan says oil could rise to the high $80s by May
▼ + stars: | 2024-02-08 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Brent crude oil futures are poised to rise $10 a barrel over the next three months even without any geopolitical risk premium built in, according to JPMorgan's commodity analysts. That would put the global benchmark just below $90 a barrel by May based on Wednesday's settlement of $79.21. Oil prices are expected to rise as the market tightens due to falling global crude inventories, Kaneva wrote. Crude inventories are falling around the world as the economy remains resilient with the U.S., Europe and China maintaining stable growth, which is positive for oil demand, according to JPMorgan. "Near-term dynamics aside, our Brent outlook continues to project a tightening market with prices rising from here by another $10 by May," Kaneva told clients.

Persons: Natasha Kaneva, Kaneva Organizations: Brent, U.S, JPMorgan, OPEC Locations: Saudi Arabia, Russia, Europe, China

☆ Analysis: How Trump’s legal battles impact his 2024 presidential campaign
▼ + stars: | 2024-02-05 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

CNN —Critical days are ahead in Donald Trump’s multiple legal battles. — On Thursday, the Supreme Court will hear oral arguments over a decision by the Colorado Supreme Court to throw Trump off the ballot under the 14th Amendment’s ban on insurrectionists. Maine has taken a similar step to Colorado but that case hasn’t yet reached the US Supreme Court. Nikki Haley, is now arguing that Trump’s legal entanglements make him a disastrous pick for her party by seizing on the news that he spent more than $50 million from political action committees on legal fees. So, definitely a good day for President Trump, but not necessarily out of the woods,” Goodman said.

Persons: Donald Trump’s, Trump, Trump’s, ’, Jack, — Trump, Judge Arthur Engoron, Jean Carroll, Stormy Daniels, Attorney Alvin Bragg, he’s, —, Fani Willis, Nathan Wade, Willis, Wade, Smith, Nikki Haley, Haley, CNN’s Dana, “, ” Haley, that’s, disqualifying Trump, Tanya Chutkan’s, Chutkan, Ryan Goodman, CNN’s Erin Burnett, ” Goodman, Carroll, “ you’re, we’ve, Joe Biden, ” Organizations: CNN, Republican, Colorado Supreme, Trump, Trump Organization, Manhattan, Attorney, Department of Justice, GOP, South Carolina Gov, Appeals, District of Columbia Circuit, Supreme, Department of Defense, DC Circuit Locations: America, Maine, Colorado, Washington ,, New York, Georgia, Fulton County, Lago, “ State, Manchester , New Hampshire, Wilmington , Delaware

Over 100,000 people have used such “same-day registration” in North Carolina during each of the last two presidential election years, so slight adjustments in the closely divided state could make a difference in this November's elections for president, governor and other statewide positions. Early in-person voting — and thus same-day registration — for the March 5 primaries begins Feb. 15. Giving people only one chance to verify by mail would be a “substantial burden on same-day registrants who cast a ballot,” Schroeder said. Schroeder acknowledged there are legitimate interests in using address verification to promote preserving the integrity of the election process and instilling voter confidence. But he wrote the plaintiffs have shown the “precise interests asserted in this case likely do not outweigh the substantial burden on the rights of same-day registrants who cast a ballot.”In 2020, about 2,150 same-day registration applicants in North Carolina failed the address verification.

Persons: District Judge Thomas Schroeder, Roy Cooper's, Schroeder, George W, Bush, ” Schroeder, Tim Moore, Grey Mills, “, mailer, ” Organizations: —, North, District, Republican, Assembly, Democratic Gov, Democratic, . Postal Service, Grey, State Board, Democratic National Committee, Democratic Party Locations: RALEIGH, N.C, North Carolina, U.S

☆ A New Production of a Verdi Opera Tightens Family Ties
▼ + stars: | 2024-01-20 | by ( David Belcher | ) www.nytimes.com time to read: 1 min

Fathers and history loom large, both onstage and off, in the new La Scala staging of the Verdi opera “Simon Boccanegra,” running in Milan for seven performances from Feb. 1 to 24. For the director and conductor, it is an opportunity to embrace the opera professionally after a lifetime of personal connection. The director, Daniele Abbado, 66, is taking on his first “Simon Boccanegra” (he is also a designer, with Angelo Linzalata, in a production he describes as modern and abstract). Mr. Abbado attended the now-famous 1971 staging, which was conducted by his father, the prolific Claudio Abbado, who died in 2014. That staging helped make the opera a hit at La Scala — 90 years after its debut at the house.

Persons: Verdi, “ Simon Boccanegra, Daniele Abbado, Simon Boccanegra ”, Angelo Linzalata, Abbado, Claudio Abbado Organizations: Scala, Scala — Locations: Milan

And I think he’s right there with Reagan as far as his track record, what he did overall throughout his presidency. I think it really does set her up well as you do move on into some other states. nick corasanitiSo New Hampshire has a long history of really just going against Iowa, right? Those independents is where the question of the final results really, really come in. They were economic voters, taxation voters, pro-gun voters, not any of those kind of evangelical issues that we heard in Iowa.

Persons: I’m, We’ve, I’m Astead, ”, Iowans, Donald Trump, Trump, Nikki ”, Haley, it’s, Ames, Harrison Barnes, Doug McDermott, Troy Hill, Nikki Haley, Vivek, — he’s, wouldn’t, “, aren’t, Reagan, DeSantis, Nikki, Ramaswamy, Ron, he’s, Biden, Ron DeSantis, —, I’ve, who’s, It’s, hasn’t, caucusing, Roe, Astead Herndon, Aaron, it’s Trump, They’re, Mike Pence, you’ll, we’re, Anna, Teresa didn’t, Teresa, haven’t, Nikki Haley’s, Donald Trump’s, Vivek Ramaswamy, Nick Corasaniti, astead herndon, Nick, Trump’s, astead, There’s, they’re, Rand Paul, herndon, Bill Clinton, — astead herndon Isn’t, John McCain, George W, Bush, isn’t, They’ve, unquote, astead herndon It’s, He’s, Chris Christie, Christie, that’s, “ Trump, it’ll, she’s, I’d Organizations: Trump, The New York Times, Republican, CNN, Iowa, America, Iowa State University, NBA, Republicans, Republican Party, Associated Press, NBC, CBS, Iowa Republican, New, astead herndon, New Hampshire, Democrat, New Hampshire Republican, Prosperity Locations: Iowa, New Hampshire, I’m Astead Herndon, , Iowa, Ames , Iowa, Des Moines, Trump, Troy, Ukraine, Congo, , New Hampshire, COVID, Indiana, Ames, “, Hampshire, astead herndon, Portsmouth

☆ The 'eye lift' has become one of the most highly requested plastic surgeries in America
▼ + stars: | 2024-01-06 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

The eye lift, also known as a blepharoplasty, is one of the most requested plastic surgeries in the US. The procedure trims back excess skin on the eyelids and helps give the eyes a more youthful look. AdvertisementThere's a plastic surgery procedure on the rise that helps improve the appearance of tired eyes. After nose jobs , eye lifts have become the one of the most requested plastic surgery procedures in the country, according to Vogue. The average cost of a blepharoplasty is $3,339, according to the American Society of Plastic Surgeons .

Persons: —, Carolyn Chang, it's, Dr, David Rosenberg, Lara Devgan, Amanda Bynes, Robert Schwarcz, Chang Organizations: Service, Vogue, American Society of Plastic Surgeons, Cleveland Clinic, TikTok Locations: San Francisco, New York, Francisco

☆ Continental prepares for asset sales, tightens 2023 targets
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

The logo of German tyre company Continental, pictured before the company's annual news conference in Hanover, Germany, March 7, 2019. Continental said in November it would cut thousands of jobs in the automotive division worldwide and reduce the number of business areas within the division from six to five. "The automotive business is with us, it stays with us," Setzer said at a media briefing. Its 2023 outlook forecasts an adjusted EBIT margin of 5.5-6.5% on sales of 41 billion to 43 billion euros. It expected an adjusted earnings margin close to 7% at ContiTech, at or above 13% in the tyres division and near 2% in the automotive division, CFO Katja Garcia Vila said.

Persons: Fabian Bimmer, Nikolai Setzer, " Setzer, Katja Garcia Vila, Victoria Waldersee, Matthias Williams, Louise Heavens Organizations: Continental, REUTERS, BERLIN, Thomson Locations: Hanover, Germany, Continental, ContiTech

Periods of high inflation would offset those when inflation was low as occurred between the financial crisis and the pandemic. Those concerns may not matter anymore if the pandemic has driven inflation and interest rates chronically higher. Speaking at a Boston Fed labor market conference in November, Kohn said the new framework showed the risks of not keeping inflation at bay to begin with. "Probing" for maximum employment "can't ignore...inflation risks," Kohn said, calling for a return to a strategy disavowed in the last review. "I think preemptive tightening is best-practice central banking, and I hope they return to allowing that."

Persons: Joshua Roberts, Jerome Powell, There's, Miesha Williams, Powell, Charles Evans, Evans, Fed, Loretta Mester, Austan Goolsbee, Goolsbee, Donald Kohn, Kohn, Howard Schneider, Dan Burns, Andrea Ricci Organizations: Federal Reserve, REUTERS, Rights, U.S, Federal, Spelman College, Reuters, Chicago Fed, Chicago, Cleveland Fed, Boston Fed, Thomson Locations: Washington , U.S, Atlanta

☆ Mexican presidency race tightens slightly, Sheinbaum retains big lead -poll
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +2 min

Former Mexico City Mayor and ruling National Regeneration Movement (MORENA) party, candidate Claudia Sheinbaum, gestures during her registration as oficial candidate for MORENA for the 2024 presidential election, in Mexico City, Mexico November 19, 2023. A prior survey by the firm published early last month had given former Mexico City Mayor Sheinbaum 55% support, and Galvez, a businesswoman-turned-politician, 20%. The latest Parametria poll gave a third contender, Samuel Garcia of the opposition center-left Citizens' Movement (MC), 10% backing. "That said, it's a big lead and we're looking at a scenario where she would have an absolute majority (in Congress)," Abundis told Reuters. Reporting by Dave Graham in Mexico City Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Claudia Sheinbaum, MORENA, Luis Cortes, Parametria, Xochitl Galvez, Galvez, Sheinbaum, Samuel Garcia, Francisco Abundis, it's, Abundis, Andres Manuel Lopez Obrador, Lopez, Dave Graham, Matthew Lewis Organizations: Mexico City Mayor, Regeneration, REUTERS, MEXICO CITY, Mexico City Mayor Sheinbaum, ' Movement, Reuters, Thomson Locations: Mexico City, Mexico, MEXICO, Congress, North America, Asia

☆ US FAA tightens aircraft certification oversight after Boeing MAX crashes
▼ + stars: | 2023-11-28 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

[1/2] A Boeing 737 Max aircraft during a display at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. The FAA said Tuesday it was also issuing additional guidance to airplane manufacturers on how to identify safety-critical information and said both new steps will "improve aircraft certification safety." A U.S. House of Representatives report said Boeing failed to classify MCAS as a safety-critical system, which would have attracted greater FAA scrutiny during the certification process, and said the "FAA failed in its oversight of Boeing and its certification of the aircraft." The FAA is still considering whether to certify two additional variants of the MAX - the smaller MAX 7 and larger MAX 10. Last year, the FAA granted Boeing a shorter regulatory compliance program extension than the planemaker sought, so it can ensure the company implements "required improvements."

Persons: Peter Cziborra, David Shepardson Organizations: Boeing, Max, Farnborough, REUTERS, Rights, Federal Aviation Administration, FAA, Airbus, U.S . House, MCAS, Thomson Locations: Farnborough, Britain

☆ Honda recalls 2023-24 Accords, HR-Vs over faulty seat belts
▼ + stars: | 2023-11-25 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +1 min

CNN —Honda is recalling more than 300,000 vehicles over faulty seat belts. In a notice filed with the National Highway Traffic Safety Administration (NHTSA) on Tuesday, the automaker said some front seat belts in 2023-2024 Accords and HR-Vs have missing pretensioner rivets. A pretensioner is the seat belt component that tightens it in place during an accident, preventing the seat occupant from flying forward. Defective pretensioners increase the risk of injury in the event of a collision, Honda said in the notice. In a safety recall report also filed with the NHTSA, Honda said it received the initial complaint about the seat belt issue in May.

Persons: CNN — Honda, Honda, “ Organizations: CNN, National, Traffic Safety Administration, NHTSA, Honda, Dealers Locations: www.recalls.honda.com

Search resuls for: "tightens"

25 mentions found