DIRS.INFO The most relevant business & tech news

☆ Trump’s lawyers ask NY judge who oversaw civil fraud case to recuse himself
▼ + stars: | 2024-06-20 | by ( Kara Scannell | ) edition.cnn.com time to read: +2 min

CNN —Lawyers for Donald Trump asked the New York judge who ordered the former president to pay nearly half a billion dollars to recuse himself from the case alleging the judge engaged in “prohibited communications” with a real estate lawyer about the case before issuing his decision. Trump’s attorneys said if Judge Arthur Engoron would not recuse from the case they are seeking an evidentiary hearing to delve into the judge’s reported conversation with New York real estate lawyer Adam Bailey. The judge is still overseeing a monitor who he put in place to oversee the Trump Organization’s finances. The NBC article was published in May, months after Engoron issued his $454 million judgement against Trump in February. Bailey told NBC he spoke with Engoron before the judge issued his decision in the case.

Persons: Donald Trump, Arthur Engoron, Adam Bailey, Trump’s, Bailey, “, …, ”, Mr, ’ ”, Engoron, Justice Engoron Organizations: CNN, New, NBC, Trump, ” Locations: New York, York

Washington CNN —Speaker Mike Johnson announced Wednesday he is sticking with his plan to put a series of foreign aid bills on the floor, including funding for Ukraine, after facing significant pressure from hardliners. The loan structure around aid comes after a meeting and news conference with Johnson and former President Donald Trump, who said in February that the US should stop providing foreign aid unless it is structured as a loan. The speaker has been facing mounting pressure to make tweaks to the foreign aid package proposed earlier this week – and not just from his most right-wing members. Other Republicans also expressed anger and wouldn’t rule out voting against Johnson on procedural motions that could upend the bill. “Let’s just hope that that does not happen, and that we can do our responsibilities, protect and defend our own democracy as we protect theirs,” former House Speaker Nancy Pelosi said.

Persons: Mike Johnson, Johnson, ” Johnson, Donald Trump, Nicole Malliotakis, “, Schumer, Marjorie Taylor Greene, Thomas Massie of, Chip Roy, Texas, ”, ” Roy, Matt Gaetz, Hakeem Jeffries, institutionalists, Tom Suozzi, Jared Moskowitz, Johnson –, “ Let’s, Nancy Pelosi Organizations: Washington CNN, Ukraine, Trump, Republican, Senate, GOP, Moderate New York Republican, Wednesday, Biden, Republicans, Conservative, CNN, Firebrand, Democrats, Democratic Locations: Israel, Ukraine, Gaza, Sudan, Haiti

☆ Going once, going twice: How Trump's cash and properties would be garnished and auctioned to pay his NY fraud debt
▼ + stars: | 2024-03-23 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

AG Letitia James plans to go after Trump's cash and property if he doesn't pay his civil fraud debt. Is the ball in Letitia James' court? "The burden is on Letitia James to find Trump's assets" and decide what she wants garnished or auctioned, he said. D'Orazio predicts James would first target the cash that Trump and the Trump Organization keep in New York-registered bank accounts. He would then remit $95 million to the Attorney General's Office, and that would go toward paying Trump's judgment.

Persons: Letitia James, —, padlocks, Donald Trump's, Trump, James, Bernard D'Orazio, D'Orazio, — James, Mark, we're, doesn't, It's, she'll, Arthur Engoron, Jeff Greenberg, — Trump Organizations: Service, Trump, Trump Plaza, New, Social, Trump —, GOP, AP, Trump Organization, Radio City Music Hall, Forbes, New York, Fire Locations: New York, New York City, Manhattan, New, Westchester County, Trump, Americas

☆ A new book unearths a buried history of photography in West Africa
▼ + stars: | 2024-03-01 | by ( Thomas Page | ) edition.cnn.com time to read: +9 min

CNN —The dominant perception of early photography from West Africa is that it was taken through a colonizing lens. These are questions asked by a new book that seeks to re-examine the history of photography in the region. Her book demonstrates that gap was short, and history has been obscured in a way that has disenfranchised many Africans. Unlike some other West African nations, Senegal has no recorded history of portraiture before photography, Paoletti said. HUM Images/Universal Images Group Editorial/Getty ImagesTo Paoletti, it’s evidence photography in West Africa didn’t evolve in isolation.

Persons: Giulia Paoletti, ”, Mama Casset, “, ’, Frenchman Jules Itier, Louis, Paoletti, –, “ It’s, Adolphe Burdo, Burdo, visite, Burdo’s, Augustus Washington, Macky Kane, – Paula, ’ ”, Alfred Stieglitz, Fatou Thioune, Paula, ” Paoletti, Oumar Ka, Ka, I’d, Oumar Organizations: CNN, Department of Art, University of Virginia, CRDS, Dakar ”, Sun, The, Institut, du Sénégal, University of Dakar, Princeton University Press Locations: West Africa, Senegal, ‘, St, French West Africa, Belgian, Dakar, “, Africa, Berlin, Louis, Touba, Senegalese

☆ Paul McCartney reunited with stolen guitar ‘that kicked off Beatlemania’ after 50 years
▼ + stars: | 2024-02-16 | by ( Issy Ronald | ) edition.cnn.com time to read: +4 min

CNN —Paul McCartney’s legendary lost guitar will gently weep no more as it was reunited with its owner more than 50 years after it was stolen. He continued to play it once The Beatles had split up but it was stolen in 1972 from the back of a van in Notting Hill, London. “The search for the bass wasn’t just for Paul McCartney, it was for all the fans,” Wass told CNN on Friday. “The evidence along the way would suggest that the thief didn’t know what he was stealing that night,” Scott Jones said. “In a sense it has no value except to Paul McCartney and to every Beatles fan in the world … it’s priceless.”

Persons: CNN — Paul McCartney’s, McCartney, Nick Wass, Scott, Naomi Jones, Paul McCartney, ” Wass, “, ” Scott Jones, Wass, ”, George Harrison, Ringo Starr, John Lennon, Ronald Guest, Admiral Blake, Naomi Jones trawled, Paul McCartney’s, ” Jones Organizations: CNN, Central Press, Getty, Beatles Locations: Notting Hill, London, Hastings, Glastonbury, Ladbroke Grove

☆ Artist Carl Andre, known for minimalist sculptures and a murder trial, dies at 88
▼ + stars: | 2024-01-25 | by ( Wallace Ludel | ) edition.cnn.com time to read: +8 min

American artist and sculptor Carl Andre pictured at London's Whitechapel Gallery in London on March 15, 1978. Andre’s work often consisted of industrially fabricated forms made from simple, raw material — such as metal, granite, wood, and brick — arranged in free-standing patterns. His death passing was confirmed on Wednesday by the Paula Cooper Gallery, with which the artist had worked since 1964. “My father always said, ‘I am old school and European, and my wife does not work,’” Andre told the magazine. Ken Hively/Los Angeles Times/Getty ImagesIn 1970, after just over a decade in New York, Andre received his first major museum survey, at the Guggenheim Museum.

Persons: Carl Andre, — Carl Andre, Paula Cooper, Ana Mendieta, Andre, ” Andre, George Andre —, “, Margaret Johnson, ‘, ’ ” Andre, ”, Frank Stella, Stella —, “ They’re, They’re, Ken Hively, Peter Schjeldahl, “ Andre, Mendieta, Helen Molesworth, Angeles’s Museum of Contemporary Art —, “ Carl Andre, Melissa Kretschmer Organizations: The Art, CNN, Phillips Academy, Kenyon College, Army, Northeastern University —, Tate, Los Angeles Times, Guggenheim Museum, The New York Times, Dia Beacon, Angeles’s Museum of Contemporary Art, Artforum Locations: London, American, New York City, Quincy , Massachusetts, United States, Sweden, “ The, Andover , Massachusetts, Beverly Hills, New York, Greenwich Village

Rates futures markets are showing cuts being priced as early as May 2024, according to LSEG data. The prospects for rate cuts received a boost on Tuesday after Fed Governor Christopher Waller, deemed a hawk, hinted at lower interest rates in the months ahead if inflation continued to ease. Deutsche Bank economists on Monday projected 175 basis points in Fed rate cuts in 2024, but said that those cuts would come with a mild recession in the first half of next year. “Absent rapid Fed easing, we expect a more challenging macro backdrop for stocks next year,” they wrote in a Wednesday report. Others said investors may be overestimating how quickly the Fed might react to signs of slowing inflation.

Persons: Carlo Allegri, Jack Ablin, ” Ablin, Christopher Waller, ”, Jake Schurmeier, Schurmeier, Thomas Barkin, Charlie McElligott, Michael Green, David Randall, Lewis Krauskopf, Saqib Iqbal Ahmed, Ira Iosebashvili, Andrea Ricci Organizations: REUTERS, Federal Reserve, Treasury, Cresset, Gross, Harbor, Reuters, Richmond Fed, Nomura Securities, Deutsche Bank, JPMorgan, Management, Thomson Locations: Manhattan, New York City , New York, U.S, stoke, Carolina, New York

☆ El Salvador’s abortion laws are notoriously harsh. These women say they were convicted of homicide after having stillborn babies
▼ + stars: | 2023-10-08 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +19 min

CNN —A sign greets visitors arriving at a sun-filled two-story house in El Salvador’s capital. But within El Salvador, a largely Catholic and evangelical Christian country, some viewed the women’s accounts with skepticism and hostility. Again, the UN’s human rights office weighed in, calling El Salvador’s laws “draconian.”Two months later, 11 justices from El Salvador’s Supreme Court commuted Vásquez’s sentence, saying evidence in the case did not prove that she had taken any action to end her baby’s life. The Harvard professor has been studying these women’s cases and the impact of El Salvador’s abortion restrictions for years. This shows her after a visit in August 2018, six months after El Salvador's Supreme Court commuted her sentence.

Persons: Teodora Vásquez, they’ll, It’s, El Salvador, it’s, Vásquez, who’ve, “ We’ve, ” Vásquez, “, ”, Teodora, Oscar Rivera, Salvador Melendez, Jocelyn Viterna, ” Viterna, Viterna, Dana Sussman, —, Benedicte, Ra’ad Al Hussein, José Miguel Fortín Magaña, Jose Cabezas, El, ‘, ’ ” Vásquez, Libres, who've, Jessie Wardarski, “ I’ve, Jacqueline Castillo, “ It’s, ” Castillo, she’s, Mujeres, there’s, Marvin Recinos, She’s, Merlin Delcid, CNN’s Tierney Sneed Organizations: CNN, El, Getty, Hollywood, Amnesty, of Women, Harvard University, Salvadoran, Pregnancy, UN, Human Rights, El Salvador’s Institute of Legal Medicine, Reuters, Citizen Group, Harvard, Mujeres Libres El, Inter, American, of Human, “, of Steel Locations: El Salvador’s, “, Libres El Salvador, Mujeres, Salvadoran, El Salvador, United States, New York, El, San Salvador, Mujeres Libres, Mujeres Libres El Salvador, AFP

☆ BOJ chief warns of highly uncertain wage, price outlook
▼ + stars: | 2023-09-25 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

The key to the outlook for monetary policy is whether strong wage growth and consumption, rather than cost pressures from rising import costs, become the key driver of inflation, Ueda said. Ueda said the BOJ was "not fully convinced" that wage hikes would keep accelerating, as many companies seemed undecided on their wage strategy for next year and beyond. That's why we are supporting demand and the broader economy with easy monetary policy," he added. While stressing the need to keep ultra-loose policy for now, Ueda said it was "extremely important" to weigh the benefits and costs of its policy. On the yen's recent falls, Ueda said the BOJ was keeping a close eye on their impact on economic and price developments.

Persons: Kazuo Ueda, Kim Kyung, Ueda, Shingo Torii, Leika Kihara, Chang, Ran Kim, Sam Holmes, Ed Osmond Organizations: Japan, REUTERS, Ueda, Bank of Japan, Panasonic, Osaka Chamber of Commerce and Industry, Thomson Locations: Tokyo, Japan, Ueda OSAKA, Osaka

☆ CNBC Daily Open: Dispelling the AI hallucination
▼ + stars: | 2023-09-22 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The pan-European Stoxx 600 slumped 1.3% amid a flurry of central bank decisions. Sweden hiked rates by 25 basis points to 4%; Norway raised its rate from 4% to 4.25%; Switzerland kept rates unchanged. SuccessionRupert Murdoch is stepping down as chairman of the board of Fox Corp and News Corp in November.

Persons: Rupert Murdoch, Lachlan Murdoch, Steve Eisman, that's Organizations: CNBC, of England, Cisco, Fox Corp, News Corp, Fox News, Systems, Valley Bank Locations: Sweden, Norway, Switzerland, Turkey

☆ Small investors are losing their interest in AI — except for one resilient stock
▼ + stars: | 2023-09-14 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Retail investor interest in artificial intelligence is cooling — but not every stock is feeling the pressure, according to Vanda Research. It also arrives amid a broader pullback among retail investors, he noted. "Retail investors' net buying of US securities remains low relative to previous years - particularly within the realm of AI stocks, which are witnessing diminishing retail interest as the initial fervor surrounding the sector wanes," Iachini said. But that resilience in the face of rapidly growing short interest can be a "cautionary flag" of a future slide in retail trader interest. Short interest in Nvidia has declined, coinciding with a jump in the stock price, Iachini said.

Persons: Marco Iachini, Iachini, IonQ Organizations: Vanda Research, Nvidia, Big Tech

Five judges from Hong Kong’s Court of Final Appeal handed down their decision on Tuesday, following years of legal battles challenging the government’s refusal to let gay people get married or form a civil union partnership. Hong Kong does not allow or grant same-sex marriage or unions, even though homosexuality has been decriminalized in the city since 1991. Jerome Yau, co-founder of Hong Kong Marriage Equality, said he is “cautiously optimistic” as he awaits further details to be hammered out. Polls in Hong Kong have shown growing support for same-sex equality among the public, especially younger people. Raymond Chan Chi-chuen, the first member of Hong Kong’s Legislative Council to come out as gay, is a co-defendant in Sham’s case.

Persons: ”, Kin Cheung, Hong, Jerome Yau, “, Jimmy Sham, Felix Wong, Sham, ” Sham, Hong Kong –, Raymond Chan Chi, Xi Jinping Organizations: Hong Kong CNN, Hong, Appeal, CNN, Parade, Civil, Prosecutors, Hong Kong’s Legislative Council Locations: Hong Kong, Hong Kong’s, Asia, Taiwan, Nepal, Beijing, New York, China, Shanghai

☆ Opinion: The surprise winner of the debate
▼ + stars: | 2023-08-24 | by ( Opinion Cnn Contributors | ) edition.cnn.com time to read: +30 min

CNN —CNN Opinion asked our political contributors to weigh on the first Republican presidential debate of the 2024 season. On Wednesday night, on more than one issue, Haley broke with the old guard in some meaningful ways. Karen Finney: Ron DeSantis falls flatKaren Finney Ralph AlswangeAfter weeks of buildup and reports of serious debate preparation with a top Republican debate coach, this was supposed to be the night that Florida Gov. Instead, DeSantis delivered a flat debate performance devoid of any standout moments, demonstrating why he is the best alternative to former President Donald Trump. Asa Hutchinson in a few instances, not one of the GOP candidates sounded like a serious contender for the White House.

Persons: Nikki Haley, “, Donald Trump, Haley, won’t —, that’s, Trump, Joe Biden’s, Ron DeSantis, Vivek Ramaswamy, Haley’s, Karen Finney, Karen Finney Ralph Alswange, DeSantis, Donald Trump ., MAGA, George Soros, Florida’s, ” Karen Finney, Patrick T, Brown, Patrick, Mike Pence, Ramaswamy’s, Ramaswamy, Pence, “ It’s, ” Ramaswamy, Sophia A, Nelson, ‘ Rich, Richmond ’ Sophia A, Nelson Sophia A, Richmond ”, Oliver Anthony, Sen, Tim Scott of, Margaret Thatcher —, Michelle Obama, ” Scott Jennings, Scott Jennings, Nikki Haley overperforming, Doug Burgum, Asa Hutchison, Chris Christie, unapologetically, George W, Bush, Mitch McConnell, Jill Filipovic, Jill Filipovic Vivek Ramaswamy, G.T . Bynum, Bynum, Ronald Reagan —, —, shamefully, Putin, Nicole Hemmer, Robert Taft, Dwight Eisenhower, Ike, Ronald Reagan, Pat Buchanan, Carolyn T, Robert M, Who, Geoff Duncan, GOP Geoff Duncan CNN, Asa Hutchinson, ” Roxanne Jones, Roxanne Jones, Nikki Haley —, I’ve, Jones, ”, WURD, Kristen Soltis Anderson, Nikki Haley’s, ” Raul A, Reyes, Joe Biden, Biden, Raul A, Jon Gabriel, Jon Gabriel Immigration, I’m, ” DeSantis Organizations: CNN, South Carolina Gov, Republican Party of Trump, Florida Gov, Biden, Republican, Donald Trump . Time, New, New Jersey Gov, Democratic, Trump, GOP, Public Policy Center, Economic, North, Richmond, British, Republican Party, North Dakota Gov, Arkansas Gov, RunSwitch Public Relations, Twitter, Pew Research Center, Internal Revenue Service, Department of Education, Pew, Former South Carolina Gov, Rogers Center, Vanderbilt University, “ Partisans, Conservative, Wednesday, Department of Justice, UN, Former New Jersey Gov, America’s Conservative Party, White House . Florida Gov, ESPN The Magazine, ESPN, New York Daily News, Philadelphia Inquirer, Kristen Soltis Anderson CNN Former South Carolina Gov, America, Reyes CNN, Special Forces, Fox, CNN Town Hall, USA, Gallup, The Arizona Locations: China, Florida, Hawaii, New Jersey, America, Washington , DC, Ukraine, Tim Scott of South Carolina, Georgia, Louisville , Kentucky, millennials, New York, Israel, United States, Tulsa , Oklahoma, Mexico, El Paso, dearer, Arizona, The Arizona Republic

☆ Educational TikTok teaches history you might not learn in school
▼ + stars: | 2023-08-08 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +9 min

Scholars and educators are increasingly using TikTok to share history that’s seldom found in textbooks — and their content is finding an audience. TikTok can fill in educational gapsKahlil Greene, known as Gen Z Historian on TikTok, is one of several educators on the platform who have built up a following around sharing little-known history. While some lawmakers and officials try to limit such instruction, that knowledge can be vital for students, said Ernest Crim III, a former high school history teacher who now makes educational content for TikTok. In fact, his educational content has resonated so widely that he left classroom teaching to make social media content full-time. TikTok educational content can empower communitiesEducational content on TikTok can also provide avenues for exploring one’s identity.

Persons: weren’t, Kahlil Greene, Greene, Martin Luther King Jr, “, ” Greene, Ernest Crim III, Crim, Ernest Crim III “, ”, TikTok, Carter G, Woodson, Henry Box Brown, Bill Darden, Viola Liuzzo, Selma, Moses Fleetwood Walker, Jackie Robinson, —, Ava DuVernay, ” Crim, Aslan Pahari, he’s, Pahari, — Pahari’s, “ I’m, they’re, “ They’re Organizations: CNN, Yale University, New York Times, University of California, Los Angeles School of Law, Facebook, Major League Baseball, MLB, Australian National University Locations: TikTok, —, White, California, Texas, Chicago, Black, Montgomery, Hughley, Sydney, South Asia, Central Asia, India, Afghanistan, Australia, Khyber Pakhtunkhwa, Punjab, Pakistan, West

☆ Opinion | A Woman, Teens and a Viral Video
▼ + stars: | 2023-08-06 | by ( ) www.nytimes.com time to read: +1 min

What started as a valid discussion about white female privilege quickly morphed into a demeaning catchall term that reinforces the time-tested trope of women as demanding, difficult and overly emotional. These negative gender stereotypes hit a raw chord for women because they are all too familiar. So insidious are these labels, researchers have coined the term “the abrasiveness trap” to describe their effects. Women’s leadership and authority are undermined by these biases, and that contributes to pay inequity and taints careers. Let every woman named Karen have her name back.

Persons: Pamela Paul, Karen, you’re

☆ Russia claimed to have defeated a Ukrainian sea drone attack, only to be instantly humiliated by a video showing it didn't
▼ + stars: | 2023-08-04 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

Russia said Friday that it thwarted a Ukrainian sea drone attack on one of its warships. But videos released shortly after by Ukrainian officials proved otherwise. One video shows a sea drone smashing into the side of the warship, partially damaging it. Another Ukrainian told CNN on Friday that the attack was carried out by a drone with around 450 kilograms of TNT. Ukrainian officials have not commented on the attack, which is in keeping with their security policy.

Persons: Anton Gerashchenko, Stephen Wright, Wright, Gornyak, Veniamin Kondratiev Organizations: Service, Russian Ministry of Defense, Armed Forces of, Russian Armed Forces, LBC, Ukrainian, Internal Affairs of Ukraine, CNN, TNT, Security Service, Reuters Locations: Russia, Ukrainian, Wall, Silicon, Armed Forces of Ukraine, Novorossiysk, Ukraine, Moscow, Russian, Krasnodar

☆ CNBC Daily Open: Alphabet rises as Microsoft sinks
▼ + stars: | 2023-07-26 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Passing grade for AlphabetAlphabet shares rose more than 6% in extended trading after the company reported better-than-expected revenue and profit. Second-quarter revenue rose 7% year over year to $74.6 billion, boosted by a 28% jump in revenue in Google's cloud unit. Revenue rose 8% from a year earlier to hit $56.19 billion, though revenue growth in Azure, Microsoft's cloud computing platform, slowed.

Persons: —, Qin Gang, Wang Yi, Qin, Bob Pisani Organizations: CNBC, Microsoft Investors, Revenue, Dow Jones Industrial, Qin Locations: China, Beijing, Vietnam, Sri Lanka, Russia

☆ CNBC Daily Open: Alphabet soars as Microsoft sinks
▼ + stars: | 2023-07-26 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Alphabet soars on cloud growthAlphabet shares rose around 6% in extended trading after the company reported better-than-expected revenue and profit. Second-quarter revenue rose 7% year over year to $74.6 billion, boosted by a 28% jump in revenue in Google's cloud unit. Soft guidance from MicrosoftInvestors were disappointed by Microsoft's revenue guidance for its upcoming fiscal quarter, pushing shares down 7% in extended trading.

Persons: dispelling, Satya Nadella, Australia's, Hilal, Kylian Mbappé, Paris Saint, Germain, Cristiano Ronaldo, Goldman Sachs Organizations: CNBC, Microsoft Investors, Microsoft, Fed U.S, Dow Jones Industrial, Saudi, Al, Saudi Arabia's Public Investment Fund Locations: Asia, Pacific, Saudi Arabian, Paris, Al

☆ California has spent billions to fight homelessness. The problem has gotten worse
▼ + stars: | 2023-07-11 | by ( Nick Watt | ) edition.cnn.com time to read: +11 min

Los Angeles CNN —California has spent a stunning $17.5 billion trying to combat homelessness over just four years. “The problem would be so much worse, absent these interventions,” Jason Elliott, senior adviser on homelessness to Gov. David Swanson/AFP/Getty ImagesThe admittedly reductive math would leave nearly $4 billion for services like mental health treatment. Still, tackling mental health issues among the unhoused is a major plank in the Newsom administration’s effort. “One of the surprising things was how optimistic people were that relatively small amounts of money would have prevented their homelessness,” Kushel said of the people surveyed.

Persons: Jason Elliott, Gavin Newsom, ”, Elliott, “, David Swanson, we’ve, “ It’s, CNN Cristina Smith, Dr, Margot Kushel, ” Kushel, Newsom, Karen Bass, Sam Liccardo, Dai Sugano, There’s, Kushel, Rather, “ We’ve, ” Elliott, molesters, gosh, Bass, “ They’re Organizations: Los Angeles CNN, Gov, CNN, Getty, Democrats, KCBS, “, UCSF Center, California Gov, San Jose, Area, AP Locations: Los Angeles CNN — California, California, AFP, Los Angeles, America, San Jose, Angeles, LA, “, Golden State

☆ The American banking landscape is on the cusp of a seismic shift. Expect more pain to come
▼ + stars: | 2023-07-10 | by ( Hugh Son | ) www.cnbc.com time to read: +10 min

But even as the dust settles from a string of government seizures of failed midsized banks, the forces that sparked the regional banking crisis in March are still at play. What is coming will likely be the most significant shift in the American banking landscape since the 2008 financial crisis. JPMorgan shares are up 7.6% this year, while the KBW Regional Banking Index is down more than 20%. Some of those pressures will be visible as regional banks disclose second-quarter results this month. "The fundamental issue with the regional banking system is the underlying business model is under stress," said incoming Lazard CEO Peter Orszag.

Persons: Jamie Dimon, Brian Graham, Banks, KeyCorp, Matt O'Connor, Peter Orszag, SVB, Chris Wolfe, Wolfe, you've, You've, Goldman Sachs, Lazard's Orszag, Orszag, Janet Yellen, Sen, Elizabeth Warren, Klaros, Graham Organizations: First, JPMorgan, Silicon Valley Bank, CNBC, Klaros, Deutsche Bank, Federal Reserve Bank of New, Justice Department Locations: First Republic, Silicon Valley, SVB, KBW, Federal Reserve Bank of New York, Republic

☆ The cult of Emily Oster
▼ + stars: | 2023-06-22 | by ( Sarah Todd | ) www.businessinsider.com time to read: +30 min

Emily Oster is sitting in the back of a car, checking her Garmin watch as we lurch through rush-hour traffic toward the Holland Tunnel. A self-described expert in data, Oster uses her economics training to dig into studies on things like circumcision and screen time and translate them for popular consumption. There doesn't seem to be much of a gap between the way Oster presents herself in her books and newsletters and the way she conducts her life. Unsurprisingly, economics informs every aspect of the way Oster sees the world. When Oster was a toddler, her mother told a Yale colleague that Oster often talked to herself before falling asleep.

Persons: Emily Oster, doesn't, Oster, Taylor Swift, Spock, —, Mandy Moore, Emily DiDonato, Amy Schumer, " Oster, Emily, Aisha McAdams, Claudia Goldin, who's, Lori Feldman, " Feldman, Winter, It's, reopenings, Timothy Caulfield, Oster's Brown, OSTER, She's, Sheryl Sandberg's, Brown, Denis Tangney Jr, graham, Eminem, Sharon Oster, Ray Fair, Jesse Shapiro, Katherine Nelson, Carl, Choate Rosemary Hall, John F, Kennedy, Glenn Close, Ivanka Trump, Goldin, Steven Levitt —, Oster —, Paul Farmer, Steven Levitt, Oster's, Levitt, Robert Barro, demographer Monica Das Gupta, Joseph Delaney, she'd, I've, Matt Notowidigdo, Chicago Booth, hadn't, Udo Salters, Patrick McMullan, Shapiro, Jessica Calarco, Dr, Anthony Fauci, Donald Trump, Calarco, Rochelle Walensky, Delaney, University of Manitoba epidemiologist, Abigail Cartus, Justin Feldman, Delivette Castor, they're, COVID, Castor, Notowidigdo, Carter, you'd, she's, there's Organizations: Garmin, Brown University, New York Times, American Academy of Pediatrics, Yorker, Yale School of Management, Yale, Harvard, Connecticut, Choate, University of Chicago, Forbes, Wall, Publicly, University of Manitoba, Getty, Oster, Centers for Disease Control, Columbia University, Harvard Business School Locations: Holland, Montclair , New Jersey, Montclair, Harvard, Providence , Rhode Island, New Haven , Connecticut, China, Canada, Chicago, Ohio, New Jersey

☆ Drone maker Zipline, on track for 1 million deliveries, adds vitamins, pizzas and prescriptions to cargo
▼ + stars: | 2023-05-10 | by ( Carolyn Chun | ) www.cnbc.com time to read: +2 min

watch nowDrone technology company Zipline, which rose to prominence flying critical medical supplies like blood bags and vaccines over rugged terrain in Rwanda, has seen the commercial side of its business boom. Deals with Walmart, and a new drone design, are making Zipline a bigger player in the world of retail and home delivery, and not only in hard-to-reach places. On Wednesday, the company announced new delivery deals in the U.S., with nutritional supplement and wellness retail company GNC for Salt Lake City, and Seattle-area pizza chain Pagliacci Pizza for the greater Seattle metro area. Pagliacci and Zipline have created a new custom-designed pizza box to fit two 13" pizzas and side dishes in Zipline drones. Rinaudo Cliffton said that Zipline has already delivered in urban cities across the U.S. where people don't expect this technology to start.

☆ Miami Grand Prix: How to watch and everything you need to know as F1 returns to Florida
▼ + stars: | 2023-05-07 | by ( Charlie Webster | ) edition.cnn.com time to read: +6 min

Despite more competitive sessions, fans were left disappointed with the lack of overtaking in last week’s Azerbaijan Grand Prix. What happened last yearIn last year’s inaugural Miami Grand Prix, Ferrari locked out the front row in qualifying with Charles Leclerc taking pole position and teammate Carlos Sainz starting P2. Max Verstappen is the only previous winner of the Miami Grand Prix. Only a chaotic Australian Grand Prix, in which Pérez began from the pit lane after crashing in qualifying, has prevented a perfect start for Red Bull. Giuseppe Cacace/AFP/Getty ImagesFlorida-born rookie Logan Sargeant will be hoping to score his first F1 points at his home Grand Prix.

☆ Most people aren't honest in exit interviews — the default is bull----, says NYU professor
▼ + stars: | 2023-05-01 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +6 min

"There is a strong norm against clear honest and critical feedback in most organizations," said Tessa West, a professor of psychology at NYU. "The default isn't honest feedback, the default is bullsh*t."Found a new job? "There is a strong norm against clear honest and critical feedback in most organizations," said Tessa West, a professor of psychology at NYU. "The default isn't honest feedback. Tessa West professor of psychology, NYU"That takes months and months of practice and daily feedback conversations to build that muscle.

☆ Mexican president gives green light to Tesla plant in northern Mexico
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, Feb 28 (Reuters) - Electric vehicle maker Tesla Inc. (TSLA.O) will build a new plant in the northern Mexican city of Monterrey, President Andres Manuel Lopez Obrador said on Tuesday, dispelling concerns his government could block the deal over water shortages. Lopez Obrador said the two sides had reached agreement after a call with Tesla Chief Executive Elon Musk on Monday, following a separate conversation he said the two held late last week. "This will represent a considerable investment and many, many jobs," Lopez Obrador told reporters, saying Musk had been receptive to Mexico's concerns and accepted its proposals. Speaking at a news conference, Lopez Obrador said Tesla would likely give more details of its plans on Wednesday. Speculation about the prospect of Tesla going to Mexico has circulated for months, and the plant is set to become one of the major investments of the Lopez Obrador administration.

Search resuls for: "dispelling"

25 mentions found