DIRS.INFO The most relevant business & tech news

☆ France awarded Olympic medal given to Great Britain in 1900
▼ + stars: | 2024-06-17 | by ( Julen Chauvin | Emma Leyo | ) edition.cnn.com time to read: +3 min

Paris, France CNN —France has scored a belated surprise Olympic victory against Great Britain – 124 years later than expected – after a 1900 Paris Olympics cycling silver medal was taken away from Team GB and awarded to its neighbor across the channel by the International Olympic Committee (IOC). He finished second in the men’s 25 kilometer cycling race at the Paris Summer Games in 1900. “Even though Hildebrand was a British citizen, he was born and brought up in France, and competed for a French club before and after Paris 1900,” the IOC said in a statement. Gachet is a specialist when it comes to French Olympic medals, having published the Dictionary of French Olympics Medalists in 2011. “124 years later, at my request, the IOC Executive Board today approved the reallocation to France of the silver medal won by Lloyd Hildebrand at the Paris 1900 Olympic Games.

Persons: Lloyd Hildebrand, Hildebrand, Stéphane, Emmanuel Macron, Amélie, ” Gachet, “, ”, Gachet Organizations: France CNN —, Great Britain –, Team GB, International Olympic Committee, IOC, Paris Summer Games, Paris, Olympic Committees, Games, French, Club des Sports, Team, British Olympic Association, CNN Sport Locations: Paris, France, France CNN — France, Tottenham, London, Parisian, Levallois, British, Perret

☆ Plaid CEO on the state of fintech
▼ + stars: | 2023-12-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPlaid CEO on the state of fintechPlaid CEO Zach Perret talks with CNBC's Kate Rooney on AI and crypto trends in the payments space, and the winners and losers in fintech amid a year of high interest rates.

Persons: Zach Perret, CNBC's Kate Rooney Organizations: Plaid, fintech Plaid

Bets on oil prices moving up from here are at their highest level since Russia's 2022 invasion of Ukraine, CME options market volatility data shows. Average daily volumes in energy options of the CME exchange overall are the highest since an all-time record in 2018. "The aftermath of the attacks and rising Middle East tensions did not impact oil prices as many investors expected, including ourselves," Unigestion multi-asset portfolio manager Sandrine Perret said. Reuters Graphics3/ DEFENCE STOCKSA gauge of defence stocks compiled by index provider MarketVector (.MVDEF) is 8% higher in the four weeks since the conflict began. It's also near eight-year highs versus the euro and therefore another asset class attracting questions about how it would perform if Middle East tensions are resolved.

Persons: Abdel Hadi Ramahi, Israel, Sandrine Perret, Derek Sammann, Gold, Jeff, Mikhail Zverev, Ron Temple, It's, Francesca Fornasari, Fornasari, Elisa Belgacem, Brent, Naomi Rovnick, Marc Jones, Dhara Ranasinghe, David Evans Organizations: United Arab Emirates, REUTERS, U.S White, Aegon, Reuters, Global, Defence, Lazard Asset Management, Swiss, Insight Investment, Generali Investments, Thomson Locations: Dubai, United Arab, Hamas, Israel, Gaza, Ukraine, Jordan, Egypt, China, Taiwan, Europe

“We like emptiness, so there isn’t a lot of decoration,” Sauzay says. (This, after all, was where the first electric streetlights were installed.) There are also no carpets in the apartment, the better to reveal shadows drifting across the bare floors. “I don’t love rugs,” de Tonnac says. “Let’s just say I prefer the wood.”Photo assistant: Camille Padilla

Persons: “, ” Sauzay, Auguste Perret, Sauzay, Paolo Buffa, Jules, “ It’s, ”, de Tonnac, “ Let’s, Camille Padilla Locations: France

☆ ‘Five Nights at Freddy’s’ review: Josh Hutcherson stars in another game-to-screen slice of horror
▼ + stars: | 2023-10-26 | by ( Brian Lowry | ) edition.cnn.com time to read: +2 min

“Five Nights at Freddy’s” wants to do for animatronic arcade characters what “It” did for clowns. Fleshing that out, the movie begins by quickly indicating why Freddy’s might need a new employee, and why Mike desperately needs a new job. "Five Nights at Freddy's" turns the game into a horror movie. Even so, the net result is another slice of horror that at best feels a little half-baked. “Five Nights at Freddy’s” premieres October 27 in US theaters and on Peacock.

Persons: ”, Scott Cawthon, Emma Tammi, Seth Cuddeback, ” Josh Hutcherson, Chuck, Mike, Piper Rubio, he’s, Patti Perret, Jim Henson’s, tickle, Hutcherson, Rubio, Elizabeth Lail Organizations: Universal Pictures Locations: Peacock

☆ NBA can shift the balance of power in media with its next rights deal
▼ + stars: | 2023-10-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +10 min

Every media rights renewal for the NBA is an important event because it only happens about once a decade. But with the National Football League's media rights locked up until 2033, the NBA has a unique opportunity to play media kingmaker. CNBC first reported NBCUniversal's interest in again airing NBA games earlier this year. Carving up the piewatch nowThe NBA will have to balance demand against restricting supply to maximize the price for rights. Discovery's TNT, NBA TV, NBA League Pass or a regional sports network.

Persons: Jimmy Butler, Jamal Murray, Justin Edmonds, clamor, John Skipper, Ted Sarandos, Netflix hasn't, We've, Sarandos, that's, Netflix's Ted Sarandos, Jeff Kravitz, That's, Serbian Nikola Jokić, Victor Wembanyama, It's, Peacock, Michael Jordan, Discovery's Max, Aurelien Meunier, Kevin Durant Organizations: Miami Heat, Denver Nuggets, Ball Arena, Getty, Basketball, Comcast, Google, Apple, Netflix, YouTube, NBA, Disney, Warner Bros, Discovery, National Football, ESPN, Global, Slovenian Luka Dončić, Dallas Mavericks, San Antonio Spurs, NBCUniversal, NBC, CNBC, U.S, Metropolitans, Nielsen, Major League Soccer, Major League Baseball, ABC, TNT, NBA TV, Twitter Locations: Denver , Colorado, NBCUniversal, Hollywood , California, Australia, Brazil, Canada, France, Germany, Italy, Japan, Korea, Mexico, Spain, United Kingdom, United States, Slovenian, Serbian, Levallois, Perret, U.S

European stocks (.STOXX) tumbled as much as 0.6% before clawing back some ground, with indexes in France (.FCHI) and Germany (.GDAXI) both posting losses. Thirty-year Treasury yields also rose above 5% for the first time since August 2007. Earlier, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) had fallen 1.3%, its second straight daily drop of over 1%. In commodity markets, the stronger dollar has helped put the brakes on oil prices and higher yields have weighed on gold. Reporting by Tom Wilson and Tom Westbrook; Editing by Simon Cameron-Moore and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Issei Kato, Sandrine Perret, it's, Mel Siew, Kit Juckes, Tom Wilson, Tom Westbrook, Simon Cameron, Moore, Mark Potter Organizations: U.S ., Nikkei, REUTERS, LONDON, Bank of Japan, Muzinich, Co, THE, Federal, Treasury, Brent, . West Texas, Thomson Locations: Tokyo, Japan, SINGAPORE, France, Germany, Unigestion, Asia, Pacific, Singapore

European stocks (.STOXX) fell 0.2%, stepping back from a 2% gain in July, its second month of gains. UK stocks (.FTSE) edged up 0.1%, however, with HSBC (HSBA.L) climbing 2.6% after announcing a $2 billion share buyback and raising its key profitability target. Oil prices traded near a three-month high hit on Monday amid signs of tightening global supply. Also buoying prices were producers cutting output and demand in the United States, the world's biggest fuel consumer, remaining resilient. The U.S. dollar index - which measures the currency against six major peers - rose as high as 102.07 for the first time since July 10.

Persons: Sandrine Perret, Hong, HSI, Alec Jin, Tom Wilson, Kevin Buckland, Ankur Banerjee, Lincoln, Bernadette Baum Organizations: HSBC, LONDON, . Federal, Fed, Brent, Energy, BP, Bank of, Japan's Nikkei, Reserve Bank of Australia, U.S, Thomson Locations: TOKYO, Unigestion, United States, London, Asia, Tokyo

☆ Here's the 14-page pitch deck a startup helping people build credit through rental payments used to raise $4.5 million from Clocktower VC and Plaid's cofounders
▼ + stars: | 2023-06-21 | by ( Bianca Chan | ) www.businessinsider.com time to read: +4 min

Boom is a startup that helps people build credit by reporting rent payments to credit bureaus. The startup raised $4.5 million in a seed round led by Starting Line. "I started helping them on their housing, find a new rental, build credit, get things removed from their credit report, access rental assistance, things like that," Whiting told Insider. That's when the lightbulb went off to start Boom, a startup that helps people build credit by reporting their rent payments to credit bureaus. Here's the 14-page pitch deck Boom used to raise its $4.5 million seed.

Persons: Rob Whiting, Whiting, Kirill Moizik, helms, Boom . Whiting, Moizik, Boom, Plaid's cofounders Zach Perret, William Hockey Organizations: Boston Consulting Group, Clocktower

LONDON/TOKYO, June 1 (Reuters) - Global shares rose on Thursday amid receding bets for a U.S. rate hike this month and relief over the passage through the U.S. House of Representatives of a bill to suspend the federal debt ceiling. The Euro STOXX 600 index (.STOXX) rose 0.8% after closing at a two-month low in the previous session. The MSCI world equity index (.MIWD00000PUS), which tracks shares in 47 countries, added 0.2%. Also bolstering the mood were U.S. Federal Reserve officials including governor and vice chair nominee Philip Jefferson pointing to a rate hike "skip" at the Fed's June 13-14 policy meeting. However, shortly after, the Fed's Jefferson said skipping a rate hike in two weeks would provide policymakers time to see more data before making a decision.

Persons: Joe Biden, Ray Attrill, Philip Jefferson, Sandrine Perret, Jefferson, Patrick Harker, It's, it's, Tony Sycamore, Tom Wilson, Kevin Buckland, Simon Cameron, Moore, Lincoln, Emelia Organizations: U.S . House, Republicans, National Australia Bank, Federal, Fed, Philadelphia Fed, IG Markets, Treasury, Thomson Locations: TOKYO, U.S, Unigestion, Asia, London, Tokyo

☆ McDonald’s new battle over the way the Big Mac and fries are packaged
▼ + stars: | 2023-05-13 | by ( Carolyn Chun | ) www.cnbc.com time to read: +8 min

Reusable packaging may be next. McDonald's biggest reusable packaging changes are outside US McDonald's has made several big packaging changes in recent years, mostly coming from outside the U.S. and following governmental action. And at the end of last year, McDonald's France launched a reusable plastic food container in its signature red color – though not without initiating a new controversy over the decision to not use all glass or metal. There are many challenges that come with reusable packaging, and McDonald's has looked to highlight that as it agrees to conduct more research on the reusables economy. The economics case for reusable packagingAdvocates for reusable packaging argue that the economics will work.

A broad measure of European shares, the STOXX 600 index (.STOXX), is trading at 14-month highs, taking this year's gains to almost 10%. James Rutland, a European equities fund manager at Invesco, noted that consistent outflows from European shares last year, when the energy crisis dealt the region a fresh blow, had left valuations at very cheap levels. A broad index of European stocks is trading at a multiple of 12.6, compared with a ratio of 18.1 for the S&P 500, according to Refinitiv data. This 5.5 point premium is above the five-year average of around 4 points, suggesting European shares look cheap compared to their U.S. counterparts. "This has broken European stocks out of their relative downward trend, so we don't think Europe is now a structural underperformer," he said.

☆ The Toughest Ticket in Paris Isn’t Messi—It’s Wemby
▼ + stars: | 2023-04-06 | by ( Joshua Robinson | ) www.wsj.com time to read: 1 min

LEVALLOIS-PERRET, France—The hottest ticket in French sports these days is for a sleepy gym on the outskirts of Paris, where basketball players duck under doorways and fans use halftime as a collective smoke break. Supporters come to games just 2,800 at a time, because that’s all the building here can fit. But those who do get inside have all made the trip for the same reason: a 7-foot-3 teenager named Victor Wembanyama. At 19, he’s the brightest NBA prospect since LeBron James, and soon, he’ll be on his way out of France.

☆ L'Oreal buys luxury brand Aesop from Brazil's Natura for $2.5 bln
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of French cosmetics group L'Oreal in the western Paris suburb of Levallois-Perret, France, February 7, 2020. REUTERS/Gonzalo FuentesSAO PAULO, April 3 (Reuters) - French cosmetics group L'Oreal (OREP.PA) struck a deal with Brazil's Natura & Co (NTCO3.SA) to buy Aesop, its Australian luxury brand, at an enterprise value of $2.53 billion, both firms said on Monday. The deal, L'Oreal's largest ever brand acquisition according to Dealogic data, expands the firm's presence in the luxury cosmetics market, while also providing the Brazilian company with some financial relief amid shrinking margins and heavy debt. The acquisition is also the third largest on record of an Australian company in the consumer products sector, the data showed. "Aesop taps into all of today's ascending currents and L'Oreal will contribute to unleash its massive growth potential, notably in China and travel retail," L'Oreal CEO Nicolas Hieronimus said in a statement.

☆ Here's an exclusive look at the pitch deck that Y Combinator alum Opkit, a health insurance verification startup, used to raise funding from investors like Plaid CEO Zach Perret's VC firm
▼ + stars: | 2023-03-07 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +3 min

Opkit is a startup that helps telehealth companies verify and process patient health insurance. Software engineers Sherwood Callaway and Justin Ko first met as early employees at the fintech startup Brex and became fast friends. As more telehealth companies were popping up after the pandemic, they often had issues with quickly processing patient health insurance for care, Callaway told Insider. Opkit also offers providers an insurance dashboard, that allows telehealth employees to perform eligibility checks or inquiries to insurance companies about specific patients' plans. "Opkit was our first experience doing venture fundraising, and Y Combinator really helped us make connections with investors," said Callaway.

☆ Nikole Hannah-Jones makes a case for reparations with ‘The 1619 Project’ series
▼ + stars: | 2023-01-26 | by ( Candice Williams | ) www.nbcnews.com time to read: +7 min

The fight for reparations has been going on for centuries in federal and state governments. “I don’t think there’s anything else that can be done besides a federal program, direct payments to Black American descendants of U.S. slavery,” Darity said. “Every time there is a local or state reparations bill that’s moving forward, it just further legitimizes the larger federal effort,” she said. “So I definitely am an advocate of both.”The subject of state reparations and the return of land are discussed in the series, along with the idea that reparations should be more than just a cash payout. If the federal government were to ever issue reparations, Darity surmised that Black Americans might begin to feel a sense of equality.

☆ Plaid CEO Zach Perret discusses the digital wallet race and shift within fintech
▼ + stars: | 2023-01-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPlaid CEO Zach Perret discusses the digital wallet race and shift within fintechZach Perret, Plaid founder and CEO, joins 'TechCheck' to discuss digital finance, and the fintech space.

☆ It turns out Taylor Swift has better due diligence than half of Silicon Valley
▼ + stars: | 2022-12-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Taylor Swift in the "Bejeweled" music video. Taylor Swift has better due diligence than half of Silicon ValleyIt's SBF. Just when you thought the FTX debacle couldn't get any weirder, let's add Taylor Swift into the mix. What Taylor Swift album does Sam Bankman-Fried most identify with? Perhaps the most pressing question, however, as pointed out by senior finance editor Michelle Abrego, is this: How does Taylor Swift have better due diligence practices than half of Silicon Valley?

☆ Tech's pandemic hiring boom continues to bust as fintech Plaid adds to mounting layoffs
▼ + stars: | 2022-12-07 | by ( Barbara Collins | ) www.cnbc.com time to read: +3 min

Fintech firm Plaid is laying off about 260 employees, adding to a recent wave of cuts from private tech companies. CEO Zach Perret announced the layoffs in a memo sent to staff Wednesday morning, citing macroeconomic challenges throughout the past year. The company currently has more than 1,250 team members in seven offices worldwide, according to the Plaid website. The announcement comes amid a string of layoffs among tech companies, including Meta, Twitter, Lyft and Coinbase, among others. Equity grants for employees with the company for more than a year will be accelerated to a February vesting date.

☆ Oil drops as Russian price cap proposal eases concerns about tight supply
▼ + stars: | 2022-11-24 | by ( Yuka Obayashi | ) www.reuters.com time to read: +4 min

Both benchmarks plunged more than 3% on Wednesday on news the planned price cap on Russian oil could be above the current market level. A higher price cap could make it attractive for Russia to continue to sell its oil, reducing the risk of a supply shortage in global oil markets. "If the EU agree to an oil price cap of $65‑$70/bbl this week, we see downside risks to our oil price forecast of $95/bbl this quarter," Dhar said. Commonwealth Bank's $95/bbl forecast was based on the assmption that EU sanctions and a price cap on Russian oil would disrupt enough supply to offset global growth concerns, Dhar said. Some Indian and Chinese refiners are paying prices below the proposed price cap level for Urals crude, traders said.

Search resuls for: "Perret"

20 mentions found