DIRS.INFO The most relevant business & tech news

A leading state television channel opened with its host railing against the West and NATO. THE KREMLIN MEDIA DIETThe Kremlin regularly meets with the heads of TV stations to give “special instructions on what can be said on air,” said Ovsyannikova. State television broadcasts dull debates between representatives of Putin's opponents. GRANULES OF TRUTHRussian propaganda is “sophisticated and multifaceted,” said Francis Scarr, a journalist who analyzes Russian television for BBC Monitoring. Even those soothed by the Kremlin’s propaganda also could long for a real choice at the polls.

Persons: Alexei Navalny, Vladimir Putin, Putin, whittle, ”, PUTIN’S, Anna Politkovskaya, Evan Gershkovich, “, Marina Ovsyannikova, Sam Greene, Half, Jade McGlynn, —, Francis Scarr, McGlynn, Greene Organizations: West, NATO, NTV, Russia, Center for, Levada, King's College, Putin, State, BBC Monitoring, Kremlin Locations: Ukraine, Russia, State, Victoria, Russian, Crimea, Soviet, Washington, West, Ukrainian, Avdiivka, King's College London, RUSSIAN

☆ Congress unveils first six budget bills as government shutdown clock ticks
▼ + stars: | 2024-03-03 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

It was the fourth such funding extension this fiscal year, as Congress has struggled to settle on a long-term budget plan. This partial budget deal is a step forward in the push to secure a permanent budget plan for the rest of the fiscal year, which started Oct. 1. Still, leaders on both sides of the aisle are touting the first half of funding package as a win, though for different reasons. Meanwhile, Republicans are trumpeting victories on veterans' gun ownership and funding cuts to government agencies like the Environmental Protection Agency, the Federal Bureau of Investigation and the Bureau of Alcohol, Tobacco, Firearms and Explosives. Between now and the end of the week, the House must quickly pass and send the Senate this bipartisan package," Schumer said Sunday.

Persons: Charles Schumer, Mike Johnson, Chuck Schumer, Biden's, Schumer Organizations: U.S, Capitol, Congressional, Sunday, Congress, Democrats, Environmental Protection Agency, Federal Bureau of Investigation, Alcohol, Tobacco, Firearms, Explosives, Republicans, House, Caucus, Republican

☆ A countdown timer for the threatened release of Trump court documents disappeared from hacker website before it ticked down to zero
▼ + stars: | 2024-02-29 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

The ransom countdown timer for Fulton County disappeared from a hacking group's website. The hacking group, LockBit 3.0, had a timer set for 8:49 a.m. It posted a new countdown timer for the Fulton County documents initially set for March 2. Before the raid, the group said, they had been in negotiations over a ransom for the Fulton County documents. AdvertisementThe timer for Fulton County had previously disappeared from LockBit 3.0's site ahead of the February 20 raid.

Persons: Trump, —, Donald Trump's, Georgia —, LockBit, Biden, Fani, It's, Brian Krebs, Dan Schiappa, Schiappa, George Chidi Organizations: Fulton, Service, FBI, Justice, Trump, Republican, Department of Justice, Fulton County, Atlanta Journal, Business Locations: Georgia, Fulton County, Mexico, Fulton, Atlanta

☆ Commercial real estate is in big trouble — and the problems may have major financial fallout
▼ + stars: | 2024-02-16 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

Read previewThe tremors rattling US commercial real estate are spreading to other countries and sectors, and threaten to escalate into a financial earthquake as refinancing deadlines loom. There are growing signs that commercial real estate is in serious trouble. AdvertisementProspective losses, refinancing woes, international contagion, and panic selling combine to create a bleak outlook for the commercial property sector. The catalyst for both the banking and commercial real estate drama is deceptively dry: rising interest rates. AdvertisementMoreover, "Undercover Billionaire" star and real estate tycoon Grant Cardone has hailed the ongoing correction as a rare chance for everyday people to buy "trophy real estate" from institutional owners.

Persons: —, aren't, Barry Sternlicht, Pfandbriefbank, Warren Buffett, Ian Jacobs, Jacobs, Grant Cardone Organizations: Service, Business, Starwood Capital's, Bloomberg, European Central Bank, New York Community Bancorp, Investors, Silicon Valley Bank, Federal Reserve, Wall Street, Berkshire Hathaway, Ares Management Locations: Europe, Silicon, San Francisco, New York City, Manhattan, Los Angeles

WASHINGTON (AP) — By any standard, the past 18 months have been remarkable for getting wrongfully detained Americans home. For all the releases of wrongly detained Americans, several dozen remain imprisoned or held hostage, often by a hostile government. In some instances, there have been few signs of progress, and families have sometimes seen the foreign countries that are holding their loved ones release other detainees — but not yet their relatives. In September, five Americans jailed for years in Iran walked free in a deal that saw the release of nearly $6 billion in frozen Iranian assets. Despite the administration’s recent spate of success with other detainees, he said he was pragmatic about the absence of an obvious solution.

Persons: Brittney Griner, Harrison Li, Kai, Li, ”, he’s, “, ” Li, Roger Carstens, ” “ There’s, ” Carstens, Biden, Leonard ”, Nicolas Maduro, Paul Rusesabagina, Joe Biden, Kai Li, Xi Jinping, you’re, Maryam Kamalmaz, Majd Kamalmaz, Austin Tice, Carstens, there’s, He’s, Paul Whelan, we’re, Whelan’s, David, Whelan, don’t Organizations: WASHINGTON, Stanford, Biden, ., U.S, U.S ., FBI, United, Michigan Locations: Iran, Russia, Venezuela, China, Rwanda, ”, Israel, Gaza, U.S, Shanghai, United Nations, Washington, Beijing, Texas, Syria, United States, America, Kremlin

☆ Apple Takes a Humble Approach to Launching Its Newest Device
▼ + stars: | 2024-01-19 | by ( Tripp Mickle | ) www.nytimes.com time to read: +1 min

When Apple released the Apple Watch in 2015, it was business as usual for a company whose iPhone updates had become cultural touchstones. But as Apple prepares to sell its next generation of wearable computing, the Vision Pro augmented reality device, it is marching far more quietly into the consumer marketplace. The company said in a news release this month that sales of the device would begin Friday. No big product event was scheduled, though Apple has created a catchy commercial about the device and offered individual demonstrations of it to tech reviewers. And in a departure for the secretive company, the Vision Pro has been tested with more developers than past Apple products were to see what they like and don’t like about it.

Persons: Apple Organizations: Apple, Apple Watch, Vogue

PETERBOROUGH, N.H. (AP) — Trying to upset President Joe Biden in New Hampshire's primary, Democratic challenger Dean Phillips is running a TV ad across the state comparing him to Bigfoot — the argument being both are hard to find. "So I challenged myself to find President Biden in New Hampshire during this primary season. He pushed through Democratic rule changes that prioritized voters of color, deemphasizing New Hampshire's primary. But New Hampshire Democratic Party Chair Ray Buckley, who once warned that the new calendar meant a major Democratic challenger could embarrass Biden, now says his write-in campaign should easily prevail. That means Biden supporters could vote in the Republican primary, where Trump and former U.N.

Persons: Joe Biden, Dean Phillips, Biden, ” Biden, —, Phillips, Marianne Williamson, Donald Trump, Trump, There’s, ”, Angela Brennan, ” Phillips, Andrew Yang, Yang, cued, Yang wasn’t, “, it’s, ’, Biden “, Peter Leishman, ” Leishman, Ray Buckley, ” Buckley, Williamson, trumpeting Biden, Kathy Sullivan, “ I’ve, ” Sullivan, ” Ellen Lavoie Cooke, “ I’m, Desmond Kager, I’ll, Nikki Haley, Tracy Moloney, she'd, he's, Moloney, Rodrigue Ngowi Organizations: Democratic, Dartmouth, Trump, White, New Hampshire Democratic, New Hampshire, Democratic Party, New, AFL, Granite, New Hampshire Democrats, Social, Biden, Republicans, Republican, GOP, Dartmouth College Locations: PETERBOROUGH, N.H, New, New Hampshire, Minnesota, Hampshire, Peterborough, Portsmouth, America, Dover, American, Plymouth, ”, Portsmouth , New Hampshire

☆ Why America's Electric Car Push Isn't Working
▼ + stars: | 2024-01-03 | by ( Paris Marx | ) www.businessinsider.com time to read: +12 min

Electric vehicles were supposed to be inevitable. Auto execs who were once trumpeting the potential of electric cars are even publicly acknowledging that EVs aren't working . In September, 87% of new-vehicle sales were fully electric vehicles. Plus, heavier electric vehicles are harder on roads, produce more air pollution, and pose a greater safety risk for pedestrians. Time for a rethinkThe shift from gas-powered cars to electric vehicles is an opportunity to rethink how Americans get from place to place.

Persons: Joe Biden, Tesla, EVs —, EVs, Edward Niedermeyer, Niedermeyer, Ipsos, CarGurus, bode, Ketan Joshi, Joshi, Benjamin Sovacool, it's, Paris Marx Organizations: EV, Ford, General Motors, Honda, Auto execs, Industry, Tesla Motors, EVs, Cox Automotive, Strategic, Cox, Statistics Norway, Transportation Locations: Mexico, America, California, United States, Norway, Oslo, Norwegian, Paris

"This COP we need to see accelerated action from all parties," Matt Bell, EY Global Climate Change and Sustainability Services Leader, said. The business and finance sectors have long called for a global carbon emissions price that they say would level the playing field for polluters and make the switch to low-carbon more cost-effective. Confidence in voluntary carbon markets has fallen this year as critics question the environmental credibility of projects. "The last 10% of a (corporate) carbon reduction plan will always include some carbon removal credits," Leggett said, adding that "the market needs clarity on what that means." Reporting by Simon Jessop and Tommy Reggiori Wilkes; editing by Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Yves Herman, Matt Bell, Bell, Sultan Al Jaber, Virginie Derue, Katherine Dixon, Victoria Leggett, Leggett, Simon Jessop, Tommy Reggiori Wilkes, Barbara Lewis Organizations: REUTERS, United Nations, Sustainability Services, Reuters, ESG Research, AXA Investment, Accenture, Bain & Company, UBP, Thomson Locations: Dunkirk, France, Dubai, COP28, Paris, China, United States

Biden and Xi try direct diplomacyThe mood music was upbeat but pragmatic after the first face-to-face meeting in a year between President Biden and his Chinese counterpart, Xi Jinping. There was no joint communiqué after Wednesday’s talks, but both sides issued positive statements trumpeting where they found common ground, including on tackling climate change and improving communications. The leaders agreed to restart military communications that were suspended last year after Nancy Pelosi, then speaker of the House, visited Taiwan. Larry Fink of BlackRock and Steve Schwarzman of Blackstone reportedly sat at the Chinese leader’s table. The measure would keep the federal government funded through early next year, clearing the way for President Biden to sign the legislation.

Persons: Biden, Xi, Wednesday’s, Nancy Pelosi, —, Larry Fink, BlackRock, Steve Schwarzman, Blackstone, Tim Cook, Albert Bourla, Ray Dalio, ” Richard McGregor, DealBook, “, they’re, Kamala Harris, Elon Musk, Jensen Huang, Nelson, Trian Organizations: Hyatt Regency, Apple, Pfizer, Bridgewater Associates, Lowy Institute, SpaceX, Tesla, Nvidia, Disney, ValueAct Capital, 13D, Microsoft Locations: San Francisco, U.S, Taiwan, China, Beijing, Iran, Israel, Australia, Ukraine

☆ REVIEW Games-Pan Am Games come to predictable end but face uncertain future
▼ + stars: | 2023-11-06 | by ( Steve Keating | ) www.reuters.com time to read: +4 min

As the Games flame was extinguished and fireworks boomed Santiago handed the baton to Barranquilla, Colombia, who will host the next Pan Ams in 2027. Colombia will stage the 2027 Games but so far no country has expressed interest in bidding for 2031. Chile finished with a best ever total of 79 medals but just 12 were gold, one short of what was taken in Lima. The Games had looked ready to end on a golden high for soccer mad Chile with both the men's and women's teams playing in the championship matches. Brazil, the only other country to pass 200 total medals, finished on 205 with 66 gold followed by Mexico (52/142) and Canada (46/164).

Persons: Ivan Alvarado, Rights SANTIAGO, Pan, Jaime Pumarejo, Gabriel Boric, Thomas Bach, Santiago, Santiago Adolfo Ford, Steve Keating, Simon Cameron, Moore Organizations: Fiu, Pan, Rights, Pan American Games, Parque, Santiago, Pan Ams, ” Barranquilla, Olympic Committee, Olympic Games, Games, Pan Am Sports Organisation, Aires, Brazil, Pan Am Games, Thomson Locations: Cerrillos, Santiago, Chile, United States, Barranquilla, Colombia, El, Lima, Mexico, U.S, Brazil, Canada, Argentina, Cuba

☆ Republicans are already trumpeting their opposition to accepting Palestinian refugees, even before Israeli forces enter Gaza
▼ + stars: | 2023-10-16 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

AdvertisementAdvertisementThe conflict between Israel and Hamas has only been raging for 10 days, but Republicans are already preemptively declaring that they oppose accepting Palestinian refugees. "No Gaza refugees in the United States," Rep. Matt Gaetz of Florida wrote on Twitter on Monday. Rep. Andy Biggs of Arizona claimed on Twitter that Democrats are pushing to "take in a million Palestinian refugees," calling the notion "absurd." AdvertisementAdvertisementDemocrats writ large have not discussed the prospect of accepting refugees from Palestine, aside from some progressive lawmakers. Some Republicans have argued not just that the US doesn't have the capacity for more refugees, but that the Palestinian refugees themselves are undesirable.

Persons: Ron DeSantis, —, Tom Tiffany of Wisconsin, Andy Ogles, Tennessee —, Tiffany, Matt Gaetz, Andy Biggs, Biggs, Jamaal Bowman, Sen, Tom Cotton of Organizations: Republicans, Florida Gov, Service, Hamas, Republican, Palestinian Authority, Senate, Twitter, Monday, New York, Progressives Locations: Israel, Tennessee, United States, GAZA, Florida, Arizona, Palestine, Gaza, York, New York, Iran, Tom Cotton of Arkansas, Iowa, resettling, Afghanistan

☆ Poland will vote in a pivotal election next week. Its outcome will reverberate in Europe, Ukraine and the US
▼ + stars: | 2023-10-07 | by ( Rob Picheta | ) edition.cnn.com time to read: +11 min

Nonetheless, Poland remains in a powerful position in Europe, and this month’s vote could dramatically flip those dynamics. “Poland is a major player in Europe; it borders Ukraine, it has a major land army, substantial military spending, and is the key hub for supporting Ukraine,” Stola said. Poland pushed European partners to send Leopard battle tanks to Ukraine earlier this year. “One likely outcome is a coalition between PiS and Confederation, and that would be very bad news for Polish-Ukrainian relations,” Kucharczyk said. “Poland has very deep interests in supporting Ukraine,” Kucharczyk added.

Persons: White, Donald Tusk, Poland’s, –, ”, Tusk, ” Jacek Kucharczyk, ” Kucharczyk, Mateusz Morawiecki, Kacper Pempel, Piotr Buras, PiS, ” Buras, ” Dariusz Stola, Poland's, Omar Marques, ” Stola, “, Wojtek Radwanski Organizations: CNN, Justice, European, Tusk’s Civic Coalition, stoke, Public, Warsaw’s Institute of Public Affairs, European Council, Foreign Relations, Communist, EU, Warsaw, Institute of Political, Polish Academy of Sciences, Getty, ”, NATO, PiS, “ Locations: Poland, Ukraine, Brussels, Berlin, Polish, Warsaw, Hungary, Europe, Germany, Russia, ” Kyiv, Washington, Kyiv, AFP, “, Ukrainian, “ Poland

The message is one more indication of the political and security challenges the U.S.-Mexico border has presented for President Joe Biden. The Biden administration this week took two actions seen by many as moving to the right on immigration. The White House counters that migration has surged across the Western Hemisphere due to regional challenges out of the administration's control. So they are on the streets.”Despite his 2020 promises on the border, Biden has long been more moderate on the issue than some in his party. It hasn’t worked for them before and it won’t work for them this cycle either,” said Pili Tobar, a former senior Biden White House official and Democratic strategist.

Persons: Donald Trump, ” It’s, Sherrod Brown, “ Ohioans, ”, Joe Biden, Biden, Donald Trump’s, Veronica Escobar, ” Biden, Trump, “ MAGA, Donald Trump’s playbook, Kevin Munoz, Trump’s, Eric Adams, implore, “, Escobar, Auri Lugo, Lugo, she's, Barack Obama, hasn’t, Pili Tobar, ___ Weissert, Linley Sanders Organizations: MIAMI, Border Patrol, Sen, Ohio Democrat, Democrat, PAC, White, of Homeland Security, Biden, Congress, “ MAGA Republicans, Trump, Conservative, Democratic, Republican, O’Hare, New York, Marquette Law School, Republicans, Senate, AP VoteCast, Biden White House, Associated Press Locations: U.S, Ohio, Mexico, South Texas, Venezuela, Veronica Escobar of Texas, El Paso, Chicago, New, New York City, VoteCast, Charlotte , North Carolina, Cuba, Haiti, Nicaragua, Guatemala, Colombia, Washington

☆ Republicans are asking their Twitter followers to help them decide who should replace Kevin McCarthy
▼ + stars: | 2023-10-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

House Republicans are set to choose a new speaker next Wednesday, and it's unclear who that will be. Some of them have apparently turned to Twitter to help their decision-making — or to make a point. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . As House Republicans try to settle on a candidate to take the reigns after Kevin McCarthy's sudden defenestration this week, some of them are polling their Twitter followers on who they'd like to see in the top job. "That said, who would you like to see as the next Speaker of the House?," wrote LaLota.

Persons: —, Kevin McCarthy's, Marjorie Taylor Greene, Donald Trump, Jim Jordan of, Steve Scalise, Marjorie Taylor Greene 🇺🇸 ( Organizations: Republicans, Twitter, Republican, Service, Trump, — Locations: Marjorie Taylor Greene of Georgia, Jim Jordan of Ohio, Jordan

The Shenzhen-based company has not explained exactly how seven-nanometer chips ended up in the new Mate 60 Pro smartphone series. Analysts estimate deliveries of the Mate 60 Pro could top 5 million this year. Follow @KatrinaHamlin on XCONTEXT NEWSHuawei started preselling its Mate 60 Pro+ smartphone alongside a new foldable phone in September. The Chinese company started selling its high-end smartphones Mate 60 and Mate 60 Pro at the end of August. The Huawei Mate 60 Pro contained a 7-nanometer processor that was made in China by Semiconductor Manufacturing International Corp, according to analysts at TechInsights.

Persons: TSMC, TechInsights, Una Galani, Thomas Shum Organizations: Reuters, TechInsights, Kirin, Manufacturing International Corp, HK, Washington, SK Hynix, Huawei, TSMC, Semiconductor Manufacturing International Corp, SK, South, Bloomberg, Thomson Locations: HONG KONG, China, Shenzhen, Beijing

Three-quarters of Americans, or 76%, favor allowing the federal health care program for the elderly to negotiate prices for certain prescription drugs. Americans are split on how Biden is handling the issue of prescription drug prices — 48% approve, making it a relative strong point for Biden, but 50% disapprove. Even among the Americans who support allowing Medicare to negotiate drug prices, approval of Biden’s handling of the issue remains relatively tepid. "They kept prescription drug prices high to increase their profits. “Well, we did it.”Ellen Daily, a 73-year-old retiree in Carrollton, Texas, said she strongly favors allowing Medicare to negotiate on drug prices.

Persons: Joe Biden, trumpeting, drugmakers, Biden, it's, Esperanza Baeza, I'm, ”, “, ” Biden, Ellen Daily, Annie Lok, Lok, doesn’t Organizations: WASHINGTON, Associated Press, NORC, for Public Affairs Research, —, Big Pharma, ”, Medicare, Pharmaceutical Research, Manufacturers of America, Services, Republican Locations: Chicago, Baeza, Carrollton , Texas, Queens , New York

☆ Nvidia's dominance in AI chips deters funding for startups
▼ + stars: | 2023-09-11 | by ( Max A. Cherney | ) www.reuters.com time to read: +5 min

U.S. chip startups have raised $881.4 million through the end of August, according to PitchBook data. Nvidia has "indirectly" contributed to overall AI chip fundraising woes, because investors want "Home run only type investments with a huge investment, huge return," Mythic CEO Dave Rick said. About two years ago, new investments in chip startups were often $200 million or $300 million. At least two AI chip startups have overcome investor reluctance by trumpeting potential customers or their relationships with well-known executives. While these chip makers in Nvidia's shadow struggle, startups in AI software and related technologies do not face the same constraints.

Persons: Ann Wang, Nvidia’s, Greg Reichow, Dave Rick, Rick, Rivos, Brendan Burke, Tenstorrent, Jim Keller, Max A, Kenneth Li, Cynthia Osterman Organizations: REUTERS, Nvidia, Eclipse Ventures, Apple, Devices, Microsoft, AMD, Intel, Thomson Locations: Taipei, Taiwan, Santa Clara , California, U.S, San Francisco

☆ US scorns Putin’s possible turn toward North Korea
▼ + stars: | 2023-09-07 | by ( Stephen Collinson | ) edition.cnn.com time to read: +5 min

Russia may be looking to Kim to replenish its ammunition and artillery supplies as the war in Ukraine grinds into another bloody winter. It’s also a big oil supplier, and North Korea and Russia are both living under punishing Western sanctions and restrictions on their access to the global market. As it often has during the Ukraine war, Washington is trumpeting information from its intelligence agencies to foreshadow and discredit Putin’s moves before they happen. While the US is dismissive of the possible Kim-Putin meeting, both leaders have the capacity to make trouble for Washington. Putin’s friendship with the Chinese leader has worried the US, although Beijing may not have offered quite the assistance that the Russian leader might have hoped for – one reason he may be turning to North Korea for military supplies.

Persons: CNN — Vladimir Putin, Kim Jong, Washington’s, Kim, Putin, It’s, Donald Trump’s, Putin’s, Rahm Emanuel, Emanuel, Jake Sullivan, ” Sullivan, Russia’s, Joe Biden, Xi Organizations: CNN, Washington, Ukraine grinds, North Korean, White Locations: Korean, Ukraine, China, Korea, Russia, Pyongyang, North Korea, Washington, Japan, Iran, Beijing, Russian, Pacific

☆ Opinion | Praise Song for the Ruined Flower
▼ + stars: | 2023-08-28 | by ( Margaret Renkl | ) www.nytimes.com time to read: +2 min

The orange pumpkins themselves have seen better days, but still I offer my heart to what’s left of the pumpkins carved out by squirrels. I offer my whole heart to the thick, pulpy flesh that fattens the chipmunks before their time of hunger. I stand at my window and watch a fly blunder into their artwork, and I watch the spider dart to the fly. Come April, I will stand at this window and watch her gathering spider silk to weave her miniature nest of thistledown and lichen and moss. My heart lifts at the pinprick holes in the passionflower vines and the pinprick holes in the parsley, but I wait and wait for the pinprick holes in the milkweed leaves.

Persons: what’s, honeyvine Organizations: Central Locations: Central America, Tennessee

LONDON, Aug 25 (Reuters) - In an investment world trumpeting new-found ethical and sustainability guidelines, the seeming indifference of markets to democratic credentials still remains stark. There's little doubt that emerging market risks are many and rising for Western investors. What's more, there were as many emerging economies in its sample with relatively low bond spreads in the group with very low V&A scores as the group with very high V&A scores. If you removed those two wipeouts, screening just for V&A democratic values made much less difference to the bottom line. "Taking heed of these geopolitical risks could be the crucial difference between securing your returns or ending up with nothing."

Persons: Morgan's, Eamon Aghdasi, Mina Tomovska, Saker Nusseibeh, Nick Macfie Organizations: U.S ., Hermes, Financial, Reuters, Thomson Locations: Brazil, Russia, India, China, South Africa, Saudi Arabia, Iran, UAE, Egypt, Argentina, Ukraine, Taiwan, Boston, Belarus, Washington

☆ AI frenzy’s feedback loop stuffs Nvidia
▼ + stars: | 2023-08-24 | by ( Robert Cyran | ) www.reuters.com time to read: +3 min

NEW YORK, Aug 23 (Reuters Breakingviews) - The ducks on Wall Street are quacking for artificial intelligence, and that means Nvidia (NVDA.O) gets fed. Under co-founder Jensen Huang, Nvidia has built a business that dominates the design of specialized chips that are an essential component in training AI systems. Alphabet is already investing $7 billion a quarter, and promised last month it would ramp capital spending further as it beefs up in AI. While companies talk up the potential of AI, it hasn’t yet generated much revenue, even for prime booster Microsoft. Should Wall Street sour on AI, Nvidia’s valuation would look overstuffed.

Persons: Jensen Huang, Amy Hood, Jonathan Guilford, Sharon Lam Organizations: Reuters, Nvidia, Nasdaq, Microsoft, Google, Thomson

☆ 'Rich Dad Poor Dad' author Robert Kiyosaki slams Janet Yellen for trumpeting Bidenomics: 'What is she smoking?'
▼ + stars: | 2023-08-16 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

"Rich Dad Poor Dad" author Robert Kiyosaki took a jab at Janet Yellen for touting Bidenomics. Has she filled her gas tank lately?" The Treasury Secretary on Monday cheered Biden's Inflation Reduction Act for driving economic growth at a time when Americans are financially strapped. "Treasury Secretary Janet Yellin says the IRA Inflation Reduction Act is "turning point" in saving our planet, "what is she smoking?" Has she filled her gas tank lately?

Persons: Dad, Robert Kiyosaki, Janet Yellen, Yellen, Joe Biden's, Kiyosaki, Janet Yellin, rekindling, Kevin O'Leary Organizations: Service, Bidenomics, Reserve Locations: Wall, Silicon, Las Vegas , Nevada

☆ Hollywood’s math problem: Getting paid for streaming ‘hits’ first means identifying them
▼ + stars: | 2023-08-07 | by ( Brian Lowry | ) edition.cnn.com time to read: +5 min

The problem with that is audience levels aren’t the only metric when weighing the value of streaming series. "The Lord of the Rings: The Rings of Power," starring Morfydd Clark, was a major investment for Amazon's Prime Video. Matt Grace/Prime VideoThis premium-TV strategy of stirring conversation is something HBO understood long before streaming became a competitor. Even if you didn’t watch “The Wire” or “Boardwalk Empire,” getting HBO meant hanging around with the cool kids. Jenna Ortega as Wednesday Addams in the Netflix series "Wednesday."

Persons: Lucas Shaw, Power ”, Morfydd Clark, Matt Grace, ”, you’re, Kai ”, Jenna Ortega, Wednesday Addams Organizations: CNN, Bloomberg, Netflix, Amazon, Amazon's, HBO, Hollywood

☆ Netflix is trumpeting its password crackdown – but tougher times lie ahead for the streaming pioneer
▼ + stars: | 2023-07-20 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Despite the jump there could be tough times ahead for the streaming pioneer. The streamer added just under 6 million subscribers in the second quarter, it said in an earnings report Wednesday. It's no surprise Netflix is focusing on that increase, but there's the very real prospect of tougher times ahead for Netflix. Hollywood strikes, which have seen both actors and writers take to the picket lines, also means more uncertainty for Netflix. Wednesday's results showed revenue rising by a paltry 2.7% in the second quarter, falling short of Wall Street's expectations.

Persons: Emily Organizations: Netflix, Disney, Comcast, Paramount, Warner Brothers Discovery, Apple, YouTube Locations: Paris

Search resuls for: "trumpeting"

25 mentions found