DIRS.INFO The most relevant business & tech news

☆ Bitcoin isn't mature enough to take on the role of a safe haven asset: Research firm
▼ + stars: | 2024-08-06 | 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 EmailBitcoin isn't mature enough to take on the role of a safe haven asset: Research firmNik Bhatia, founder of The Bitcoin Layer, says, however, that bitcoin has "decoupled from stocks for brief periods of time, experienced exponential gains during those periods, and those particular periods of times are when bitcoin shines as a hedge against fiscal and monetary profligacy." Nevertheless, he adds, it still "trades like a risk-on asset" most of the time.

Persons: Nik Bhatia, bitcoin

☆ Uruguay 0-1 Colombia takeaways: Argentina await Colombia in the final, Munoz sent off
▼ + stars: | 2024-07-10 | by ( Jack Lang | Stuart James | ) www.nytimes.com time to read: +8 min

After an absorbing encounter in Charlotte, North Carolina, it was Colombia who emerged to earn a meeting against defending champions Argentina in the Copa America final in Miami on Sunday. The spotlight was on Lionel Messi before this Copa America but Rodriguez, who turns 33 on Friday, has stolen the show. Stuart JamesA quintessential Copa America game? This was Copa America football — South American football — at its bewitching best, witnessed and enhanced by a crowd so fervently Colombian that we may as well have been in Medellin. Ugarte had ‘played’ Munoz, and Colombia knew that the balance of the game had totally shifted.

Persons: Jefferson Lerma, Daniel Munoz, elbowing Manuel Ugarte, Nestor Lorenzo’s, Uruguay’s Darwin Nunez, Jack Lang, Stuart James, Colombia’s, Nestor Lorenzo, James Rodriguez, Rodriguez, Lionel Messi, Timothy A, Clary, Messi, Stuart James A, Luis Diaz, dervish, Rodrigo Bentancur, Munoz, Luis Suarez, Tim Nwachukwu, Richard Rios, Rios, Mateus Uribe, Jack Lang Daniel Munoz’s, Manuel Ugarte, Darwin Nunez, Ugarte, gesturing, ‘, ’ Munoz, Stuart James Oh, Marcelo Bielsa’s, Edinson Cavani, you’ve, Nunez, Nicolas de la Cruz, Fede Valverde, Nunez’s, Chandan Khanna, shanking —, Davinson Sanchez, clobbered, La Celeste, Omar Vega, Jack Lang What’s Organizations: Argentina, Copa America, Colombia …, …, America, Getty Images, Copa America football — South, Football, Getty, La, Liverpool, Canada, Bank of America Locations: Charlotte , North Carolina, Colombia, Miami, Uruguay, Colombia … Argentina, … Argentina, Argentina, Copa America, Colombian, Medellin, Miami Gardens , Florida, Charlotte, North Carolina

☆ Euro 2024: Wout Weghorst breaks Poland’s hearts with late winning goal for the Netherlands
▼ + stars: | 2024-06-16 | by ( Matias Grez | ) edition.cnn.com time to read: +2 min

CNN —Wout Weghorst scored less than two minutes after coming on as a substitute to earn the Netherlands an important 2-1 win in the opening game of Group D at Euro 2024. It was a closer game than perhaps many would have expected and Poland caused the Oranje problems throughout, in particular in the second half. It was another huge international goal for Weghorst, who stunned Argentina at the World Cup in 2022 with a late equalizer in the quarterfinals, as the Netherlands next face the tough test of France. After a dominant start from the Netherlands, Poland snatched the lead against the run of play through Buksa’s brilliant near-post header from Piotr Zielinski’s whipped corner. However, the Netherlands soon got the goal its early dominance deserved as Gakpo’s effort from outside the area took a fortuitous deflection and wrong-footed Szczęsny in the Poland goal.

Persons: Wout Weghorst, Adam Buksa’s, Cody Gakpo’s, Wojciech Szczęsny, Robert Lewandowski, Weghorst, Piotr Zielinski’s, Lewandowski, Memphis Depay, Gakpo, profligacy, Nathan Ake’s Organizations: CNN, Austria, Memphis Locations: Netherlands, Poland, Oranje, Argentina, France

☆ Jurgen Klopp’s ‘Last Dance’ falls flat as Liverpool stunned by local rival Everton to drop out of Premier League title race
▼ + stars: | 2024-04-25 | by ( Matias Grez | ) edition.cnn.com time to read: +4 min

CNN —For much of this season, Liverpool fans had spoken about sending Jürgen Klopp into the sunset with a historic quadruple of trophies. On Wednesday, Liverpool was stunned 2-0 by struggling local rival Everton in the final Merseyside derby of Klopp’s reign, all but ending the team’s hopes of winning a second Premier League title during the German’s tenure. The defeat leaves Liverpool in second place, three points behind Arsenal and one ahead of Manchester City, though Pep Guardiola’s side now has two games in hand. Klopp will now likely end his final season in charge with just the League Cup. In the second half, the emotions, we’re in a rush, not really clear enough and then we concede the second goal with a routine they’ve done all season.

Persons: Jürgen Klopp, Jarrad, Dominic Calvert, Lewin, “, ”, Pep, ” Klopp, Peter Byrne, ‘, Darwin Núñez’s, Mo Salah, “ It’s, Jordan, Pickford, Klopp, Carl Recine, Arne Slot Organizations: CNN, Liverpool, League, Everton, Merseyside, Premier League, Park, Goodison, Arsenal, Sky Sports, Europa League, Atalanta, Manchester United, Goodison Park, Reuters, Feyernoord Locations: Manchester City, Liverpool

They used to call this waterlogged city the Most Serene Republic, but there is nothing serenissima about the opening days of the Venice Biennale. The world’s longest-running and most extravagant festival of contemporary art opens to the public on Saturday after a preview biathlon of fine art and financial profligacy that has grown more hectic than ever. You exchange tips on shows not to miss. You judge, you gossip, you wash it all down with Prosecco. Have you seen the Uzbekistan pavilion?

Organizations: Venice Biennale, Prosecco Locations: Serene, Venice, Uzbekistan

☆ A lower-risk way to play the gold breakout from here
▼ + stars: | 2024-03-14 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

We'll break down the rally in gold, why gold miners have been trailing it and the options trades I'm putting on from here accordingly. Investing in gold and silver mining companies, rather than purchasing the precious metals has frequently been promoted as a way to get "leverage" to the price of gold or silver. Notice that the share price of the VanEck Gold Miners ETF (GDX ) tracking the companies, has declined more than 15.5% since the highs in April of 2023. GDX GLD mountain 2023-04-13 VanEck Gold Miners ETF (companies) vs. SPDR Gold shares ETF (commodity) It should be said that GDX and Newmont Corporation pay dividends, whereas gold itself does not. Additionally gold miners are sometimes located in suboptimal geographic locations/jurisdictions where they may be subject to geopolitical factors beyond the price volatility of the commodities they produce.

Persons: Warren Buffett Organizations: Gold Miners, Newmont Corp, Gold Miners ETF, SPDR, Newmont Corporation, Mining, Consumers Locations: Washington

☆ Let's accept it: The Fed's rate hikes did little to slow this roaring economy
▼ + stars: | 2024-02-19 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

OK, you will never confuse me for a rapper, but those are the four words that describe this economy right now. I have not been a fan of this company because of its losses and its inability to pivot to profit. You have to add the DoorDash numbers to the Toast numbers to see the strength of the go-out and go-in parts of the economy. I am just saying that the Federal Reserve does not have a handle on how overheated this economy has become. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Todd Schneider, Kevin Hourican, Ralph Lauren, Ralph, That's, Lam, Barry Sternlicht, Otis, There's, Eaton, Parker, Uber, it's, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Walmart, Home, Philadelphia Eagles, Applied Materials, Federal Reserve, Simon Property Group, Costco, Property, Reuters, Saudi, Mastercard, American Express, Lam Research, Nvidia's, Waste Management, Starwood Capital, U.S, Fed, Jim Cramer's Charitable, CNBC Locations: DraftKings, China, Emerson, Dover, Cummins, —, Wells Fargo, San Francisco

☆ I studied at Yale and Cambridge University. The elite colleges offered me secret societies, maids, and formal balls.
▼ + stars: | 2024-02-11 | by ( Connie Cheung | ) www.businessinsider.com time to read: +5 min

For my undergraduate degree, I went to Yale, and then for graduate school, I enrolled in Cambridge University. Dreary and massive, these buildings belonged to Yale’s oldest secret societies — hundreds of years old, with members including former presidents, Rockefellers, and Vanderbilts. As George Bush wrote in his memoir, “[In my] senior year, I joined Skull and Bones, a secret society; so secret, I can’t say anything more.”In my final year, I joined a secret society at Yale, which was founded 20 years ago. But my favorite memories at Yale and Cambridge were never at events in floor-length gowns or strappy heels. I’m tremendously lucky to have experienced this universe of elite education, and I wouldn’t have it any other way.

Persons: —, sommeliers, George Bush, wouldn’t, England, smartly, John’s, Ball, Pictionary Organizations: Service, Yale, Business, Cambridge University, New, Cambridge, Trinity College, Time Locations: Hong Kong, Vermont, New Haven, Cambridge, poshness, St

☆ America’s Debt Crisis Burns While Congress Fiddles
▼ + stars: | 2023-10-20 | by ( Tim Smart | ) www.usnews.com time to read: +9 min

Last month, the Penn Wharton Budget Model from the University of Pennsylvania came out with an analysis of the debt crisis entitled “When Does Federal Debt Reach Unsustainable Levels?”Their answer? The concern is that punting the problem into the future, continuing to raise debt even as interest rates rise further or hold at higher levels for longer, the debt will grow even faster in a “snowball” scenario. Similar proposals have been offered over the years but at the same time they seem to lack political support – indeed, Republicans have recently voiced the idea of cutting Social Security. The debt crisis is rapidly worsening at a time when the bond market is having its own set of problems. A recent government auction of debt, an occurrence that is becoming more common as the U.S. borrows more, saw weak demand.

Persons: Dick Cheney, Richard Neal, Democrats –, Blu Putnam, Alan Greenspan, Ben Bernanke, Jerome Powell, ”, Gene Steuerle, Richard B, Fisher, probity, Kevin McCarthy, Kent Smetters, Boettner, Smetters, Richard Robis, Donald Trump Organizations: Capitol, Democratic, Massachusetts, The New York Times, Federal Reserve, Partisans, Democrats, Fed, CME Group, Social Security, Medicare, Urban Institute, California Rep, Penn Wharton Budget, University of Pennsylvania, University of Pennsylvania's Wharton School, Wharton, Social, Republicans, Treasury, Hamas, BCA Research, White House Locations: U.S, United States, Washington, China, Japan, Israel

☆ The next GOP speaker will face the same traps that doomed McCarthy
▼ + stars: | 2023-10-05 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

Two candidates, GOP Majority Leader Steve Scalise of Louisiana and Judiciary Chairman Jim Jordan of Ohio, have already launched campaigns. He’s not the first GOP speaker to think so. But in this political climate, any Republican speaker who has to rely on Democratic votes is critically weakened and probably can’t last long. But the only way a Republican speaker will be able to pass aide to Ukraine will be to do so with Democratic help. The lack of such flexibility has been a fatal flaw of GOP speakers for years.

Persons: Kevin McCarthy, he’d, Steve Scalise, Jim Jordan of, Kevin Hern, McCarthy, Matt Gaetz, tormentor, Nancy Pelosi, Garret Graves, CNN’s Jake Tapper, ” Graves, Donald Trump, “, ” McCarthy, He’s, John Boehner, shutdowns, –, Paul Ryan, Ryan, Trump, they’d, McCarthy –, Mike Lawler, Biden, ” Lawler, CNN’s Wolf Blitzer, Lawler, Jordan, CNN’s Manu Raju, Michael McCaul, Raju, Jordan didn’t, Scalise, don’t Organizations: CNN, Republican, GOP, United, Republican Party, Tea Party, Wisconsin Rep, “ America, Democratic, New, Trump, Foreign, Texas Locations: Louisiana, Jim Jordan of Ohio, Oklahoma, Florida, Garret Graves of Louisiana, United States, New York, reining, Russia, China, Ukraine, Kyiv

☆ Opinion | How Covid Built a Bridge Between the Worst of Past and Future
▼ + stars: | 2023-09-22 | by ( Ross Douthat | ) www.nytimes.com time to read: +3 min

I would put inflation in this category as well. By contrast, the aspects of the Covid era that I discussed or tried to predict in my fast-forward column were accelerations, not disjunctions. The growth of working-from-home and virtual commuting, similarly, was a leap upward that followed a “continuous rise” in the pre-Covid decades. And the baby bust of 2020 was, of course, an acceleration of a fertility decline that began with the Great Recession more than a decade before. Some trends didn’t shake out exactly as I anticipated three years ago: The decline of newspapers, for instance, continued on trend but didn’t actually accelerate.

Persons: Wells, Bill Clinton’s, George Floyd, Barack Obama’s, wokeness Locations: America

☆ 'No one can blame you for backing Sequoia': It's a rough time to be raising as a solo venture capitalist in Europe
▼ + stars: | 2023-09-19 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +5 min

Europe, often a few years behind when it comes to startup trends, is also starting to produce its own solo GPs. After a record-breaking 2021, bigger VC funds in Europe have generally found it more challenging to raise their next funds. Lots of fund managers speak to everyone and waste lots of time going over unqualified leads," she said. In short, knowing who to pitch for investment is crucial when looking to raise funds. One advantage for solo funds in Europe is that smaller funds — often $15 million to $20 million — are easier to return than larger funds, said David Cruz e Silva, an angel investor and LP in smaller VC funds through EU.VC.

Persons: Gloria Baeuerlein's, Robin, Robin Capital, Sarah Drinkwater's, Harry Stebbings, Annelie Ajami, there's, VCs, Ramzi Rafih, Rafih, Carolina Huaranca, Joe Schorge, Masha Butler, Sam Altman's, Butler, David Cruz e Silva, Ajami Organizations: Ventures, London, KKR, Silver, Close, Sequoia, Day One Ventures Locations: America, Sand, Europe, profligacy, Dubai, Carolina, San Francisco, Swiss, London, EU.VC

REUTERS/Aly Song/File Photo Acquire Licensing RightsHONG KONG/AMSTERDAM, Aug 24 (Reuters) - Global investors fleeing China have one simple message for the country's leadership: put prudence aside for a short while, and start spending big. "At this point there is confusion and, as long as there is confusion, then there's lack of credibility and that means investors are more likely to stay away," said Seema Shah, chief global strategist at Principal Global Investors in London. Prominent examples are heavy Chinese government spending during the 2008 Global Financial Crisis and its swift intervention during the 2015 market crash. But the subsidies need to come from local governments, many of which are cash-strapped or even drowning in debt and unable to pay their civil servants. The lack of concrete stimulus measures now is prompting many China watchers to downgrade their growth estimates for the next few years.

Persons: Aly, China's, Seema Shah, Chen Zhao, Zhao, hasn't, Frederik Ducrozet, Ducrozet, Principal's Shah, Yan Wang, Xi Jinping's, we’ve, Lorraine Tan, Dhara Ranasinghe, Davide Barbuscia, Yoruk, Xie Yu, Ankur Banerjee, Tom Westbrook, Li Gu, Vidya Ranganathan, Kim Coghill Organizations: REUTERS, Global, Global Investors, policymaking Politburo, Pictet Wealth Management, Local, UBS Bank, Federated Hermes, Foreigners, Asia, Morningstar, Thomson Locations: Huangpu, Shanghai, China, HONG KONG, AMSTERDAM, London, Beijing, Japan, United States, New York, Amsterdam, Hong Kong, Singapore

☆ Is There a Right Way to Talk About Black Culture?
▼ + stars: | 2023-08-01 | by ( Ismail Muhammad | ) www.nytimes.com time to read: +3 min

At its best “Dark Days” is the record of an intellectual life sustained by the Black vernacular. In the essay “Reading Fire, Reading the Stars,” Reeves recounts learning how to be a critic in the Pentecostal church. “Profligacy” is the key word here: With a nod to Hartman’s explorations of “wayward” lives and the presumed promiscuity of Black urban culture, Reeves reframes promiscuity as an aesthetic and intellectual virtue. In Reeves’s hands profligacy becomes an ethical necessity: Everything must be thought of in relation to what it shares space with. Recounting a trip to speak with students at a Native school, he feels his status as a stranger among strangers.

Persons: ” Reeves, Malcolm X, Martin Luther King Jr, Louis Till, Emmett Till’s, Ezra Pound, Mussolini, Hitler, Virgil, Dante, Reeves, Michael K, Williams, Solmaz, profligacy, ” Locations: ”

☆ Philippines stun co-hosts New Zealand with Wellington win
▼ + stars: | 2023-07-25 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

[1/5] Soccer Football - FIFA Women's World Cup Australia and New Zealand 2023 - Group A - New Zealand v Philippines - Wellington Regional Stadium, Wellington, New Zealand - July 25, 2023 Philippines' Sarina Bolden celebrates scoring their first goal REUTERS/Amanda PerobelliWELLINGTON, July 25 (Reuters) - Forward Sarina Bolden headed the winner as the Philippines spoiled co-hosts New Zealand's party with a stunning 1-0 victory in their Women's World Cup Group A clash on Tuesday. The Philippines lost 2-0 to Switzerland in their opening match and looked to be an easy mark for the Football Ferns, who were coming off their first-ever World Cup win over former champions Norway and looking to book a spot in the last 16. Instead, the Philippines secured their own first World Cup win to keep alive their hopes of progressing in their debut tournament. Bott looped a cross into the box but Hannah Wilkinson, the hero of New Zealand's opening win on Thursday, sent her header over the bar. The Philippines close out their Group A against 1995 winners Norway on Sunday, while New Zealand face Switzerland.

Persons: Sarina Bolden, Amanda Perobelli WELLINGTON, Striker Bolden, Victoria Esson, Katie Bowen, Ria Percival's, Olivia McDaniel, C.J, Bott, Hannah Wilkinson, Wilkinson, Jacqui Hand, Carleigh Frilles, Grace Jale, McDaniel, Amy Tennery, Nick Mulvenney Organizations: Soccer Football, FIFA, Wellington Regional, Football Ferns, Norway, New Zealand, Victoria, Ferns, Thomson Locations: New Zealand, Zealand, Philippines, Wellington , New Zealand, Switzerland, New, Wellington

☆ Big Oil’s old profligacy lives on Down Under
▼ + stars: | 2023-03-15 | by ( Antony Currie | ) www.reuters.com time to read: +4 min

Throw in dividends and Santos shareholders have received a measly 6% total return during that period. Santos’ 15% return on capital employed last year puts it at the bottom of the class; BP delivered almost 25%. It looks slated to stay in the basement, with analysts projecting a sub-8% return for 2025, per Refinitiv data. The bonus is mostly tied to successful “growth projects”, which arguably encourages him to overinvest. If that happens again at next month’s annual meeting, it would, under Australian rules, allow investors to boot the entire board.

☆ I see this year's budding stock rally signaling a different kind of bull market, one that's not so reliant on just a few stocks
▼ + stars: | 2023-01-29 | by ( Jim Cramer | ) www.cnbc.com time to read: +11 min

This nascent bull market started with the peak in interest rates and the dollar back in the fall and then broadened to include bank and semiconductor stocks in 2023. That's right we created FANG a decade ago this week on "Mad Money," and it was a really good call — until it wasn't. The stability of a market that's based, in part, on the assumption of a JPMorgan (JPM) or an American Express or even a Boeing rallying on earnings, seems tidal to me. That's what's happening as we consider the market to be far bigger than any group of a half-dozen stocks. Yes, I am shredding the cynicism and heralding the new bull market, one that's not ignorant of what ails things, but is benignly rotational.

Minnechaug is the only high school in its district and serves 1,200 students from the towns of Wilbraham and Hampden. The original high school building, which dates back to 1959, was replaced with the current 248,000-square foot structure in 2012. One of the cost-saving measures the school board insisted on was a “green lighting system” run on software installed by a company called 5th Light to control the lights in the building. But in August 2021, staffers at the school noticed that the lights were not dimming in the daytime and burning brightly through the night. “The lights that are being referred to are the classroom lights, not the outdoor lights.

☆ Famed bearish strategist Albert Edwards says the Fed will extract a high price to bring down inflation — and outlines why its success will only be temporary
▼ + stars: | 2022-12-21 | by ( Marley Jay | ) www.businessinsider.com time to read: +3 min

He says the combination of easy monetary policy and future stimulus will cause more inflation. True to form, Societe Generale strategist Albert Edwards says investors shouldn't get too excited when interest rates level off. Edwards, who is famous for his bearish views on markets, says that rates usually peak after the Federal Reserve has already raised interest rates to a level that's too high. Still, Edwards says that core inflation is going to come down fast, as many of the causes of high inflation are now unwinding. It was only after the Fed raised interest rates to record levels that inflation finally "broke."

☆ Imperious Brazil smash Koreans 4-1 to reach quarters
▼ + stars: | 2022-12-05 | by ( Ossian Shine | Nelson Acosta | ) www.reuters.com time to read: +4 min

EFFERVESCENT IN ATTACKIf the Koreans were winded by that early blow, worse was to come. Five minutes later Richarlison was hauled down in the penalty box and the referee instantly pointed to the spot. Brazil were effervescent in attack and organised in defence, restricting the South Koreans to long shots. Brazil had too much quality up front, and were being given far too much space. That Brazil went in only 4-0 up was as much to do with their profligacy as anything the Koreans could muster in terms of defence.

☆ Familiar U.S. shortcomings exposed but best yet to come
▼ + stars: | 2022-12-04 | by ( Hritika Sharma | ) www.reuters.com time to read: +3 min

Needing a win over Iran to advance, Gregg Berhalter's side delivered, surviving nervous moments at the end to earn the first victory of their campaign. Pulisic, Adams, Weston McKennie, Yunus Musah, Tim Weah and Sergino Dest were among 19 players making their World Cup debuts. The previous record for the U.S. team stood at 16, set in the 1990 tournament when they bowed out in the group stage. The quality of the squad combined with their progress during the tournament sparked discussions about the next American golden generation. Berhalter was reluctant to place that burden on his players but this time it does not feel like promotional bluster.

☆ Europe’s pain will be ultimately worth it
▼ + stars: | 2022-10-31 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

The combination of crises, caused by President Vladimir Putin’s invasion of Ukraine and hefty borrowing when interest rates were artificially low, will test the bloc. Then the European Central Bank was able to keep interest rates low and buy government debt. ENERGY SQUABBLESEU leaders congratulated themselves early in the year when they came together to condemn Putin’s invasion, impose sanctions on Russia and support Ukraine. EU leaders are already complaining about high interest rates, with Giorgia Meloni, the new Italian prime minister, criticising the ECB last week. But the central bank cannot avoid raising interest rates even if it wanted to.

☆ I’ve been following a woman around the internet. Turns out she was created by artificial intelligence.
▼ + stars: | 2022-10-16 | by ( Evan Ratliff | ) www.businessinsider.com time to read: +31 min

Even in their first efforts, the GAN images were quickly on par with those made by any other, less intelligent software. You can find the results on the Generated Photos site, where you can filter by ethnicity, age, sex, eye color, and other attributes. Generated Photos' GANs tend to match conventional beauty standards, a product of the models that have been fed to the software. I'm not sure anyone would be surprised to find fake images accompanying testimonials on an Estonian bitcoin exchange or an online CBD seller. Are they real people deploying fake images, or fake people deploying fake images?

Search resuls for: "profligacy"

23 mentions found