DIRS.INFO The most relevant business & tech news

☆ E.C.B. Is Likely to Leapfrog the Fed on Interest Rate Cuts
▼ + stars: | 2024-06-05 | by ( Eshe Nelson | ) www.nytimes.com time to read: +1 min

European Central Bank officials are expected to cut interest rates this week for the first time in more than five years, drawing a line under the worst of the eurozone’s inflation crisis and easing the pressure on the region’s weak economy. But as policymakers in the eurozone move ahead, they leave behind their counterparts at the U.S. Federal Reserve, who are grappling with a seemingly more persistent inflation problem and warning that it will take longer to cut rates there. Lowering interest rates in Europe before the United States does would create a gap between the policies of two of the world’s largest and most influential central banks. to ease its policy could weaken the euro, while higher interest rates in the United States would continue to tighten financial conditions there and in other countries because of the global role of the dollar. can split from the Federal Reserve, while others say a divergence is not unusual and reflects two different economic situations.

Organizations: European Central Bank, U.S . Federal Reserve, Federal Reserve Locations: Europe, United States

☆ CNBC Daily Open: Roaring Kitty's wealth, Modi's victory
▼ + stars: | 2024-06-05 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

The S&P 500 inched up 0.15% and the Nasdaq Composite did marginally better, up 0.17%. Bath & Body Works was the worst-performing stock on the S&P 500, plunging almost 13% on disappointing guidance. With his 5 million shares of GameStop, if he were to exercise his 120,000 call options at $20 apiece, that would give him an additional 12 million shares — making him the fourth-largest shareholder in the games retailer. [PRO] June highThe S&P 500 will rally to fresh all-time high of 5,500 by the end this month, according to Fundstrat Global Advisors' Tom Lee. With the S&P 500 finishing Monday's trading session at 5,283.40 the forecast calls for upside of 4%.

Persons: Modi, Narendra Modi, Modi's, Keith Gill, Gill, Elon Musk, Tesla, Musk, Tom Lee, CNBC's Pia Singh, what's Organizations: CNBC, Dow Jones, Nasdaq, Body, Treasury, Bharatiya Janata Party, BJP, National Democratic Alliance, GameStop, Nvidia, Federal Reserve, Fundstrat Global Locations: Tesla

☆ Will the AI spending boom pay off? One tech fund manager says it looks 'compelling' for some firms
▼ + stars: | 2024-06-05 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Many companies are in the AI infrastructure buildout phase right now. That's because, in order to enable AI applications, companies have to make the switch from "general purpose computing to accelerated computing," she said. "You can't run AI on traditional compute, it would be prohibitively expensive, and far too energy intensive," said Pleydell-Bouverie. That's a 35% increase from last year, she said, and all this incremental investment is being directed to AI initiatives. And the world is "only in the first five minutes of this AI infrastructure buildout," she added.

Persons: Clare Pleydell, Bouverie, Meta Organizations: Nvidia, Microsoft, Meta, Liontrust Asset Management, CNBC Pro, Google, Apple, JPMorgan, Liontrust Global Technology Fund, Technology

☆ Google's privacy chief making 'shock' exit after 13 years with the company
▼ + stars: | 2024-06-05 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

Google's chief privacy officer will be leaving the company in the fall. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGoogle's chief privacy officer will leave the company after 13 years, and Google has no plans to replace him. Keith Enright will remain at the company until the fall, a Google spokesperson told Business Insider. This story is available exclusively to Business Insider subscribers.

Persons: Keith Enright, —, Forbes, I've, Enright Organizations: Google, Service, Business

☆ Details you might have missed in 'Star Wars: The Acolyte'
▼ + stars: | 2024-06-05 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

"The Acolyte" is set 100 years before "Star Wars: Episode I - The Phantom Menace." The show has some subtle references to other stories in the "Star Wars" franchise. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWarning: Spoilers ahead for "Star Wars: The Acolyte." "The Acolyte" is a prequel series set in the High Republic era around 100 years before the events of "Episode I - The Phantom Menace," meaning it's the earliest live-action project in the "Star Wars" timeline to date.

Persons: — Organizations: Wars, Service, High Republic, Star, Business

☆ 3 boys hunting for fossils made the ultimate discovery: a young T-rex skeleton that scientists have dubbed Teen Rex
▼ + stars: | 2024-06-05 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +1 min

Three boys found a young Tyrannosaurus rex skeleton while hiking in North Dakota in 2022. The discovery, dubbed Teen Rex, was made in the Hell Creek Formation of the Badlands. Scientists said the find was significant as only a few juvenile T. rex fossils have ever been found. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . And not just any dinosaur, but a young Tyrannosaurus rex.

Persons: Rex, —, Jessin, Liam Fisher, Kaiden Madsen Organizations: Badlands . Scientists, Service, Denver Museum of Nature & Science, Business Locations: North Dakota, Marmarth

☆ Christina Applegate says MS has left her with little will to survive: 'I don't enjoy living'
▼ + stars: | 2024-06-05 | by ( Amanda Goh | ) www.businessinsider.com time to read: +4 min

Read previewChristina Applegate says that she is experiencing a period of depression as a result of multiple sclerosis. Multiple sclerosis, also known as MS, is a chronic neurological disease that causes varying symptoms that affect vision, speech, and mobility. This isn't the first time that Applegate has been open about the difficulties she's faced while living with multiple sclerosis. AdvertisementIn March, during an interview with People alongside Sigler, Applegate shared that she's been hospitalized "many times" for her symptoms. "They don't know what's wrong, but we're pretty sure my stomach and my intestines are not very good friends.

Persons: —, Christina Applegate, Applegate, Jamie, Lynn Sigler, Sigler, I'm, I've, Sigler —, it's, she's Organizations: Service, Business, Netflix, New York Times

☆ Diamond industry 'in trouble' as lab-grown gemstones tank prices further
▼ + stars: | 2024-06-05 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

Diamond prices have fallen 5.7% so far this year, according to Zimnisky's rough diamond index, declining more than 30% from their all-time high in 2022. Lab-grown diamonds, which can be up to 85% cheaper than natural diamonds, are made in a controlled environment using extreme pressure and heat. Lab-grown diamond sales have surged from just 2% of the global diamond jewelry market in 2017 to 18.4% in 2023, according to data provided by Zimnisky. An industry 'in trouble'"The diamond industry is in trouble," Daga told CNBC, adding that he believes natural diamond prices could fall another 15%-20% over the next 12 months. Similar to a natural diamond, a lab-grown diamond is graded based on the 4Cs — clarity, color, cut and carat weight.

Persons: Leon Neal, Duncan Wanblad, De, Paul Zimnisky, De Beers, Marcelo Esquivel, Ankur Daga, Daga, Anish Aggarwal, Lionel Bonaventure Organizations: Afp, Getty, De, BHP, Financial Times, De Beers, CNBC, Daxue Consulting, Bloomberg, Zimnisky Locations: Harrods, London, De Beers, American, China, U.S

☆ Bob Menendez's congressman son survives fight of his political life amid father's 'gold bars' corruption scandal
▼ + stars: | 2024-06-05 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +1 min

Rob Menendez — the son of Sen. Bob Menendez — just survived a tough primary challenge. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It's a significant victory for the younger Menendez, who had found himself in the fight of his life amid his father's lurid corruption scandal. Sen. Menendez has been accused of accepting bribes in the form of wads of cash and gold bars in exchange for, among other things, acting as a foreign agent. This story is available exclusively to Business Insider subscribers.

Persons: Rob Menendez —, Sen, Bob Menendez —, Ravi Bhalla, —, Rob Menendez, Menendez Organizations: Hoboken, Service, Rob Menendez of New, Democratic, Associated Press, Business Locations: New Jersey, Rob Menendez of, Rob Menendez of New Jersey

☆ Ad agency BENlabs has laid off staffers and named a new CEO as the company restructures
▼ + stars: | 2024-06-05 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +1 min

It announced plans to focus on product placement, influencer marketing, and creator platform TubeBuddy. The company also named a new CEO to help lead the restructuring. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertising agency BENlabs has laid off staffers and appointed a new CEO as part of a restructuring, the company announced on Tuesday. The company said the restructuring focuses its business on three core areas: product placement, influencer marketing, and the creator-analytics platform TubeBuddy.

Persons: BENlabs, — Organizations: Service

☆ Citadel and BlackRock back project to start a national stock exchange in Texas
▼ + stars: | 2024-06-05 | by ( Christine Wang | In Christinejwang | ) www.cnbc.com time to read: +1 min

The Texas flag is seen before the game between the Houston Cougars and the Texas Longhorns at TDECU Stadium on Oct. 21, 2023 in Houston. BlackRock and Citadel Securities are among investors backing a group seeking to start a new national stock exchange in Texas. "Texas's booming economy and the strong economic and population growth among states in the southeast quadrant of the U.S. present incredible opportunities for businesses — and ultimately the Texas Stock Exchange," TXSE CEO James Lee said on LinkedIn. TXSE's website said it will be a "fully electronic, national securities exchange that will seek registration with the U.S. Securities and Exchange Commission." The Dallas Morning News reported TXSE will target companies in the "southeastern quadrant of the U.S." In an interview with the newspaper, Lee thanked Texas Gov.

Persons: James Lee, Lee, Greg Abbott Organizations: Houston Cougars, Texas Longhorns, BlackRock, Citadel Securities, Dallas, Texas Stock Exchange, LinkedIn, Street, New York Stock Exchange, Nasdaq, SEC, U.S . Securities, Exchange Commission, Dallas Morning News, Texas Gov Locations: Texas, Houston, U.S

☆ India's stock markets erase $371 billion after ruling BJP falls short of election expectations
▼ + stars: | 2024-06-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

The All India Market Capitalization index , tracked on the Bombay Stock index, lost over 31.06 trillion rupees, or about $371 billion on June 4 alone. India's markets saw their worst one-day loss in about four years as the electoral performance of Prime Minister Narendra Modi's ruling Bharatiya Janata Party fell short of expectations. The BJP-led National Democratic Alliance (NDA) coalition, however, clinched 294 seats, managing to retain the parliamentary majority, crossing the 272 required to form the government. In the previous general election in 2019, the BJP secured 303 seats, and the NDA won 353 seats. A Goldman Sachs report issued early Wednesday said that "even with a reduced majority, we don't think macro stability will be compromised."

Persons: Narendra Modi's, Modi, Goldman Sachs, — Organizations: Bombay Stock Exchange, Bombay, BSE, Bharatiya Janata Party, BJP, National Democratic Alliance, Developmental Inclusive Alliance coalition, Indian National Congress, Goldman Locations: Bombay, Mumbai, India, INDIA, Lok

☆ The best banks in the Asia-Pacific region, according to customers
▼ + stars: | 2024-06-05 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

SINGAPORE — Customers in Asia-Pacific have picked their favorite banks as lenders scramble to meet consumer expectations in a fast-changing environment. After a prolonged period of high inflation — and interest rates — banks in the region are starting to navigate the global trend of lower rates. The report below — the first of its kind — is designed to highlight the banks that best meet consumer needs in their respective markets. They also rated each based on five criteria: trust, terms and conditions (such as fees and rates), customer service, digital services and quality of financial advice. The ranking only included banks that qualified according to the criteria described in the report.

Persons: They're Organizations: Customers, CNBC Locations: SINGAPORE, Asia, Pacific

☆ John Oliver recreates Red Lobster restaurant using auctioned-off furniture because 'any random idiot could run a Red Lobster better than these companies have'
▼ + stars: | 2024-06-05 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

John Oliver recreated a defunct Red Lobster restaurant on his show. Oliver criticized private equity firms behind Red Lobster, which filed for bankruptcy in May. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJohn Oliver cooked Red Lobster by purchasing the entire contents of one defunct restaurant and recreating his own version of the struggling seafood chain. Oliver, who did a segment on Red Lobster during an episode of his show "Last Week Tonight" that aired Sunday, criticized the private equity firms behind the chain, which filed for Chapter 11 bankruptcy in May.

Persons: John Oliver, Oliver, — Organizations: Service, Business

☆ Linda Yaccarino's right-hand man is leaving after a year at X
▼ + stars: | 2024-06-05 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

Joe Benarroch, head of business operations at X, is leaving the company after one year. Benarroch was a close advisor to CEO Linda Yaccarino, previously working together at NBCUniversal. He is known as a hard-charging executive and his style has upset people at both NBCUniversal and X. AdvertisementX chief executive officer Linda Yaccarino's head of business operations, Joe Benarroch, is leaving the company, The Wall Street Journal reported on Tuesday, citing people familiar with the matter. Before joining X, previously known as Twitter, the two worked together at Comcast company NBCUniversal, where Benarroch reported to Yaccarino, who was advertising chief at the time.

Persons: Joe Benarroch, Benarroch, Linda Yaccarino, —, Linda Yaccarino's, Yaccarino Organizations: Service, Street, X, Twitter, Comcast, NBCUniversal, Business Locations: NBCUniversal

☆ Dollar finds footing as traders turn to U.S. services data
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: +3 min

US Dollar notes and euro coins are arranged for a photograph on Sept. 11, 2017. The dollar steadied on Wednesday as traders pared back on riskier bets in emerging markets while waiting on an interest rate decision in Canada and on U.S. services data. Japanese real wages fell for a 25th straight month in April, data on Wednesday showed, as inflation outpaces nominal pay rises. The Swiss franc rose for a fourth straight session on the dollar overnight and at 0.8902 per dollar is close to breaking through its 200-day moving average. The New Zealand dollar was steady at $0.6173, while the Canadian dollar held the middle of a months-long range at C$1.3678 per dollar.

Persons: Jane Foley, Ryozo Himino, Narendra Modi, Chris Weston Organizations: Swiss, Bloomberg News, Bank of, Rabobank, BOJ, Westpac, New Zealand, African National Congress, Morena Locations: Canada, U.S, Bank of Japan, Asia, Japan, Morena

☆ Amanda Knox returns to Italian court for slander trial linked to Meredith Kercher’s murder
▼ + stars: | 2024-06-05 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +4 min

Knox, Sollecito and Ivory Coast native Rudy Guede, whose DNA was present in the murder room, were all convicted of the murder in 2009. Guglielmo Mangiapane/Reuters/FileKnox and Sollecito’s murder convictions were overturned by a Perugia appellate court in 2011 after an independent review of key forensic evidence, only to have that acquittal overturned by Italy’s supreme court in 2013. The 36-year-old Seattle native, now a mother of two, along with Sollecito, were definitively cleared in 2015 of Kercher’s murder after Italy’s supreme court voided the 2013 re-conviction. After being cleared of murder, Knox remained convicted of slander against Lumumba, a ruling upheld by Italy’s supreme court in 2015. The decision will then have to go to Italy’s supreme court once more.

Persons: Rome, Amanda Knox, Knox, Patrick Lumumba, Meredith Kercher, Lumumba, Raffaele Sollecito, Rudy Guede, Guede, Sollecito, Guglielmo Mangiapane, Italy’s, ” Knox, Monica Lewinsky Organizations: Rome CNN, Democratic, Ivory Coast, of Human, CNN, White House, Hulu Locations: Italy, Italian, Perugia, Kercher’s, Democratic Republic of Congo, Sollecito, Ivory, Seattle, Florence

☆ Europe Has Fallen Behind the U.S. and China. Can It Catch Up?
▼ + stars: | 2024-06-05 | by ( Patricia Cohen | ) www.nytimes.com time to read: 1 min

Europe’s share of the global economy is shrinking, and fears are deepening that the continent can no longer keep up with the United States and China. “We are too small,” said Enrico Letta, a former Italian prime minister who recently delivered a report on the future of the single market to the European Union. “We are not very ambitious,” Nicolai Tangen, head of Norway’s sovereign wealth fund, the world’s largest, told The Financial Times. “Americans just work harder.”“European businesses need to regain self-confidence,” Europe’s association of chambers of commerce declared.

Persons: ”, Enrico Letta, ” Nicolai Tangen Organizations: European Union, Financial Times Locations: United States, China, Italian

☆ James Comey says Donald Trump is 'begging for a jail term' with his personal attacks on Judge Merchan
▼ + stars: | 2024-06-05 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +1 min

Trump was found guilty of 34 felonies in his hush-money case and is set to be sentenced July 11. James Comey told CNN that usually, a white-collar crime like this wouldn't end in a prison sentence. "But this is a defendant who's begging for a jail term," Comey said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "But this is a defendant who's begging for a jail term by taking a flamethrower, not just to the judge, but to the entire process and the jury," Comey said.

Persons: Trump, James Comey, Comey, —, Donald Trump Organizations: CNN, Service, Business

☆ At 33, I was a new mom and couldn't move my hand. 3 years later, I got a diagnosis that changed everything.
▼ + stars: | 2024-06-05 | by ( Snehal Amembal | ) www.businessinsider.com time to read: +5 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. "Jellyfish doo doo doo doo doo doo," the line from "Baby Shark Dance" kept playing on loop as my 11-month-old son looked at me expectantly, wanting me to wiggle my fingers and dance along. Three years later, at 36, I received a formal diagnosis — now with two children, the oldest was 3 and my second son was 18 months. I was on maternity leave, and at the time, I was working as an HR manager for a private healthcare organization. What brings me absolute joy, though, is when my kids are asked what their mom does.

Persons: Snehal Amembal, YOPD, Parkinson's, credit's, Mr Parkinson's Organizations: Service

☆ European markets head for a higher open as investors look ahead to ECB meeting
▼ + stars: | 2024-06-05 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European stocks are expected to open higher Wednesday, with investors in the region looking ahead to the next meeting of the European Central Bank (ECB). The U.K.'s FTSE index is seen opening 42 points higher at 8,274, Germany's DAX up 88 points at 18,501, France's CAC 40 up 46 points at 7,983 and Italy's FTSE MIB 174 points higher at 34,491, according to data from IG. Investors will be keeping an eye on earnings from Spanish clothing company Inditex. On the data front, final purchasing managers' index (PMI) data for the euro zone in May, a measure of services and manufacturing activity in the single currency area, is due. The ECB is widely expected to cut interest rates for the first time since 2019 when policymakers meet on Thursday, but investors will watch closely to see whether a slightly higher-than-expected euro zone inflation print released last Friday will affect the central bank's decision-making.

Persons: Germany's DAX Organizations: European Central Bank, CAC, IG, Investors, ECB

☆ Oil slips for sixth consecutive day on big builds in U.S. oil, fuel stocks
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: +1 min

U.S. crude oil, gasoline and distillate stocks rose last week, according to sources citing American Petroleum Institute figures. API figures showed crude stocks rose by more than 4 million barrels in the week ended May 31, against analysts' forecasts for a 2.3 million-barrel decline in a Reuters poll. Gasoline stocks also rose more than 4 million barrels, which was a much bigger build than the 2 million-barrel increase analysts had expected. Rising U.S. stocks could weigh heavily on investor sentiment around oil demand. Data for last week reflects fuel usage around the Memorial Day holiday, closely watched as it marks the start of U.S. driving season.

Persons: Tim Evans Organizations: Brent, . West Texas, American Petroleum Institute, U.S . Energy, Administration Locations: OPEC, U.S

☆ Putin has started wearing 'concealed body armor' at public events: report
▼ + stars: | 2024-06-05 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Russian President Vladimir Putin has started wearing body armor when out at outdoor public events. Officials told The Moscow Times that Putin's security team had recommended the measure. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussian leader Vladimir Putin has started wearing body armor at outdoor public events, The Moscow Times reported on Tuesday, citing officials who had seen Putin at these events. "This year on May 9, the chief was clearly wearing concealed body armor during the parade," an official said of Putin's appearance at this year's Moscow Victory Day parade.

Persons: Vladimir Putin, —, Putin Organizations: Moscow Times, Service, Business

☆ The super-rich are moving cash to one city, wealth manager says, revealing how they're investing
▼ + stars: | 2024-06-05 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

"A lot of wealth, especially from ultra-high-net-worth individuals, is moving to Dubai," Dhruba Jyoti Sengupta, CEO of Wrise Private Middle East, told CNBC Pro on May 31. Sengupta — whose firm serves ultra-high-net-worth and high-net-worth individuals across Asia, the Middle East and Europe — said he regularly receives inquiries from individuals about investing in Dubai. The consultancy firm, which tracks private wealth and global investment migration trends, ranked it as the 21st wealthiest city in the world. "In fact, the super-wealthy do a lot of diversification and invest in different geographies and assets using Dubai as a gateway." Portfolio allocation Sengupta also revealed how individuals with around $10 million to invest typically allocate funds: $3 million (30%) in wealth accumulation.

Persons: Dhruba Jyoti Sengupta, Sengupta —, Europe —, Sengupta Organizations: Wrise, CNBC Pro, United Arab, Henley & Partners, Citibank Locations: India, South Korea, Dubai, Asia, East, Europe, Indonesia, United Arab Emirates, Africa

Indian Prime Minister Narendra Modi gestures as he arrives at Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. Asia-Pacific markets were mixed as investors assessed India's election results after Prime Minister Narendra Modi's Bharatiya Janata Party fell short of an outright majority in the lower house of parliament. Still, Modi is set for a third term in power after the BJP-led National Democratic Alliance secured 294 seats, more than the 272 needed for the coalition to form the government. Elsewhere, first-quarter gross domestic product figures are expected out of Australia.

Persons: Narendra Modi, Narendra Modi's, Modi Organizations: Indian, Bharatiya Janata Party, BJP, Narendra Modi's Bharatiya Janata Party, National Democratic Alliance Locations: New Delhi, India, Asia, Pacific, Australia

Search resuls for: "George Washington University School of Medicine

25 mentions found