DIRS.INFO The most relevant business & tech news

☆ Former federal judge blasts John Roberts in new book and says Ruth Bader Ginsburg was annoyed by pressure to retire
▼ + stars: | 2024-05-29 | by ( Joan Biskupic | ) edition.cnn.com time to read: +8 min

The Supreme Court, Tatel wrote, has “kicked precedent to the curb” and become “a tragedy” for civil rights and the rule of law. He said she revealed early dealings among justices that eventually led to the milestone 2013 Shelby County v. Holder decision undermining the Voting Rights Act. ‘John Stevens didn’t step down until he was ninety,” Tatel wrote. He served as director of the Chicago Lawyers’ Committee for Civil Rights Under Law and then as director of the National Committee. During the Jimmy Carter administration, he led the Office of Civil Rights at the Department of Health, Education and Welfare.

Persons: David Tatel, ”, John Roberts, Bill Clinton, Tatel, Roberts, Ruth Bader Ginsburg, Holder, Ginsburg, –, ’, ‘ John Stevens didn’t, ” Tatel, “, Ruth, Hillary Clinton, Donald Trump, Obama, …, Trump, Amy Coney Barrett, Roe, Wade, Dobbs, Justice Ginsburg, “ I’ve, Jimmy Carter, Clinton, ” Roberts, Dick Cheney, “ …, Scalia, Cheney, ‘, David, Joe Biden, I’ve Organizations: CNN, Democrat, Jackson, Health Organization, Chicago Lawyers ’, Civil, Law, National Committee, Department of Health, Education, Welfare, DC Circuit, US Department of Justice, Northwest Austin, Civil Rights Movement, Court, Supreme Locations: County, Washington, Shelby County, Northwest, Northwest Austin

☆ Ukraine can still beat Russia. It just comes down to enough Western aid.
▼ + stars: | 2024-05-18 | by ( Michael Peck | ) www.businessinsider.com time to read: +9 min

With 14 to 21 well-equipped brigades, Ukraine could eject Russian forces from all Ukrainian territory, according to an American expert. One is Ukraine amassing a sufficiently powerful ground combat force that can defeat the estimated 500,000 Russian troops in Ukraine. With Russian forces solidly dug in behind minefields and fortifications across eastern and southern Ukraine, that Baltic scenario bears similarities to the situation that Ukraine faces today. Given sufficient quantities of munitions, Ukraine could inflict enough losses to decisively attrit Russian forces that have already sustained an estimated 500,000 casualties. He started with a 2023 Estonian Ministry of Defense plan that laid out a roadmap for Ukraine to defeat Russia.

Persons: one's, Michael Bohnert, Bohnert, isn't, Chasiv, — Bohnert, they've, Andrei Belousov, Putin, Michael Peck Organizations: Service, Business, RAND Corp, RAND, US Army, NATO, Russian, Anadolu, Getty, Estonian Ministry of Defense, Atlantic, Storm, Bohnert, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, American, Russia, Russian, Baltic States, United States, U.S, Chasiv Yar, Estonian, Iraq, Afghanistan, Europe, America, China, Israel, Forbes

☆ Stocks' bull run will end in a bubble or recession, says Bank of America strategist
▼ + stars: | 2024-05-03 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Stocks are in a "late secular bull market," BofA's Michael Hartnett said in a Friday research note. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe bull market that's pushed stock prices higher for the past year and a half will probably end in tears, Bank of America's Michael Hartnett warned. Equities are in a "late secular bull market" that likely "ends with [a] bubble and/or recession," the bank's chief investment strategist wrote in a Friday research note seen by Business Insider. Hartnett's bearish stance clashes with the view held by BofA's head of US equity and quantitative strategy, Savita Subramanian, who has predicted that stocks' bull market will last.

Persons: BofA's Michael Hartnett, —, of America's Michael Hartnett, Hartnett's, Hartnett, Marko Kolanovic, BofA's, Savita Subramanian, stagflation Organizations: Service, of America's, Business, JPMorgan

☆ Here's why JPMorgan's top brass are doubtful that a major M&A comeback is on the horizon
▼ + stars: | 2024-04-12 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWall Street has been hopeful that M&A activity will return this year as rates fall. On Friday, the bank reported $41.9 billion in revenue for the quarter, up 9% year-over-year — a figure that surpassed analysts' expectations. The retreat from dealmaking produced a nine-year low in terms of the number of individual M&A transactions in the quarter, LSEG reported. Dimon's warningsThe comments from JPMorgan's top brass come as Dimon issues warnings about the prospect of a gloomier economic environment.

Persons: —, Jamie Dimon, Jeremy Barnum, Barnum, Biden, that's, Goldman Sachs, Stephan Feldgoise, LSEG, EY, Dimon, Reed Alexander Organizations: Service, JPMorgan, Business, London Stock Exchange Group Locations: megamergers, dealmaking, Asia, Pacific

☆ Beyoncé’s ‘The Linda Martell Show’ single is named for a trailblazer you need to know
▼ + stars: | 2024-03-28 | by ( Lisa Respers France | ) edition.cnn.com time to read: +5 min

“Rhythm and blues and country music are the most parallel types of music,” Singleton has been quoted as saying. “Country music tells a story,” Martell told Rolling Stone. And while Martell recalls receiving two standing ovations that night, the road to country music success was far from smooth. A place in historyMartell’s story may have languished in history were it not for both her country music family and her biological one. “Minority, women and marginalized artists deserve to play on a level playing field in the country music industry,” Thompson told The Tennessean last year.

Persons: CNN — Beyoncé’s, Cowboy Carter ”, Linda Martell, ”, Beyoncé, “, Martell, Thelma Bynem, “ You’d, William “ Duke ” Rayner, Shelby Singleton Jr, ” Singleton, Singleton, ” Martell, Rolling, Jeannie C, Riley, BlackHistoryMonth Martell, Mickey Guyton, Rolling Stone, ” Guyton, “ I’ve, I’ve, …, Marquia Thompson, ” Thompson, ” Beyoncé Organizations: CNN, Rolling Stone, Grand Ole Opry, SSS, Records, Country Blues, Tennessean Locations: Texas, South Carolina, Harper, Singleton

☆ Congress may be going after the wrong social network
▼ + stars: | 2024-03-16 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +6 min

Chew, meanwhile, clapped back, “American social companies don’t have a good track record with data privacy and user security. But if lawmakers were serious about protecting the digital data of millions of American social media users, targeting TikTok alone is a limited way to achieve this goal. Separately, US intelligence authorities have said that Russian operatives were able to exploit US-based social media platforms including Facebook and Twitter as part of an election meddling campaign in the lead-up to the 2016 US presidential vote. Sherman said he thinks some lawmakers are raising important national security concerns regarding TikTok. Ultimately, Jameel Jaffer, the executive director of the Knight First Amendment Institute at Columbia University, called the bill a “missed opportunity” for Congress to take real action regarding their concerns about US user data.

☆ Trump’s State of the Union Response: Social Media Glitches and Mocking Filters
▼ + stars: | 2024-03-08 | by ( Anjali Huynh | ) www.nytimes.com time to read: +1 min

Former President Donald J. Trump promised Americans a “play-by-play” of President Biden’s State of the Union address on Thursday night. That, Mr. Trump declared before the event began, would happen on “Truth Social, the real voice of America,” praising the social media platform in which he has a financial stake that would be his bully pulpit for the night. Truth Social began experiencing outages toward the beginning of Mr. Biden’s remarks, with more than 3,000 reported outages on the site by 9:30 p.m., according to Down Detector, a website that tracks user reports of web disruptions. The outages paused the barrage of derogatory posts that made up Mr. Trump’s response to Mr. Biden’s remarks, which included an unusual video that deployed Snapchat filters to mocking effect. Mr. Biden took numerous shots at Mr. Trump, the expected Republican nominee, on Thursday night, referring to him only as his “predecessor” in an effort to highlight the stakes of the election and draw a contrast for viewers between his vision for the country and the one depicted by his all-but-certain opponent.

Persons: Donald J, Trump, Biden’s, Biden Organizations: Social, Republican Locations: Biden’s

☆ StanChart lowers income target as China weighs, launches $1 billion buyback
▼ + stars: | 2024-02-23 | by ( ) www.cnbc.com time to read: +2 min

Standard Chartered on Friday rewarded shareholders with dividends and a fresh $1 billion buyback as profit rose 18%, but set out modest growth forecasts that will concern investors amid worries about global banks' exposure to China. The bank reported 2023 statutory pre-tax profit rose to $5.09 billion, in line with forecasts, and announced a jump in dividends alongside the buyback. The lender booked 13% income growth in 2023 in constant currency terms. A fresh $150 million writedown of its stake in Bohai Bank, following a $700 million hit earlier this year, reduced its value to $700 million from $1.5 billion at the start of the year. That brought total provisions for its China real estate exposure to $1.2 billion in the last 3 years.

Persons: StanChart Organizations: Bohai Bank, HSBC, Wednesday, British Locations: China, Asia, Bohai, Bohai Bank

☆ StanChart announces $1 billion share buyback, dividend hike as 2023 profit rises 18%
▼ + stars: | 2024-02-23 | by ( ) www.cnbc.com time to read: +1 min

Standard Chartered on Friday reported 2023 pre-tax profit rose 18%, in line with forecasts, and rewarded shareholders with a $1 billion share buyback and a jump in dividend. StanChart , which earns most of its revenue in Asia, said statutory pretax profit for 2023 reached $5.09 billion, in line with $5.1 billion from 15 analyst estimates compiled by the bank. A fresh $150 million writedown of its stake in Bohai Bank, following a $700 million hit earlier this year, reduced its value to $700 million from $1.5 billion at the start of the year. StanChart said banking industry challenges and the uncertainty swirling around the property market were to blame for the decline in the stake's current value. The London-headquartered lender also announced a final dividend of $560 million or 21 cents per share, resulting in a 50% increase of full year dividend payout to 27 cents, greater than a consensus view of 23.7 cents.

Persons: StanChart Organizations: Bohai Bank Locations: Asia, Bohai, China, Bohai Bank, London

☆ Ron DeSantis ended his campaign on an optimistic Churchill quote that's actually fake
▼ + stars: | 2024-01-22 | by ( Tom Porter | ) www.businessinsider.com time to read: +2 min

Ron DeSantis ended his GOP presidential campaign with a Winston Churchill quote. Once considered a 2024 favorite, DeSantis' campaign sputtered out. Ron DeSantis ended his campaign for the Republican 2024 nomination with a quote he claimed was by the late UK Prime Minister Winston Churchill. Related storiesBut according to the International Churchill Society and Churchill scholars, there is no evidence that Churchill said those words. Sir Winston Churchill addressing a Women Conservatives meeting in 1954.

Persons: Ron DeSantis, Winston Churchill, DeSantis, —, Churchill, Winston Churchill pic.twitter.com, ECoR8YeiMm, Sen, Max Cleland, they're, Gerald Krieghofer, Krieghofer, Sir Winston Churchill Organizations: GOP, Service, Republican, International Churchill Society, Churchill, Poynter Institute, Deutsche Welle, Women Conservatives, Keystone, Getty, GOP New Hampshire Locations: Florida

☆ ‘America Is Under Attack’: Inside the Anti-D.E.I. Crusade
▼ + stars: | 2024-01-20 | by ( Nicholas Confessore | ) www.nytimes.com time to read: +44 min

‘America Is Under Attack’: Inside the Anti-D.E.I. “In support of ridding schools of C.R.T., the Right argues that we want nonpolitical education,” Mr. Klingenstein wrote in August 2021. In a 2023 exchange, Dr. Yenor and two associates discussed how to defend Amy Wax, a conservative law professor at the University of Pennsylvania. Dr. Yenor and his allies bristled at the conventions of academic life as overly solicitous toward female and nonwhite students. Samuel Ginn, Claremont donor“The president then told him, ‘Things will change,’” a Claremont fund-raiser wrote to Dr. Yenor and other officials there.

Persons: “ wokeism ”, Chancellor Sharp, Sam Ginn, DeSantis, !, Searle, Scott Yenor's, Alabama Jeff Sessions, peter thiel, thiel, Dan Patrick, Patrick, Texas Long, Claudine Gay, Harvard’s, Trump, Ron DeSantis, Peter Thiel, Heather Mac Donald, ”, Scott Yenor, “, ” Scott Yenor, Claremont, Critics, George Floyd, Donald J, Trump’s, Thomas D, Thomas Klingentstein, ” Mr, Klingenstein, Yenor, Christopher Rufo, fromScott Yenor, Floyd, Mao Zedong’s, Ryan P, Williams, Jack Miller, Ryan Williams, Miller, zealots, Mao Zedong's, ” Claremont, Taube, tothe, Arthur N, Chris Ross, Dockweiler, Elizabeth Ailes, Roger Ailes, Daniel C, Searles, fromChris Ross Ryan, I'd, Dorian Abbot, Mr, Ross, Dr, Amy Wax, Wax, Wax’s, David Azerrad, . Azerrad, fromScott, Azerrad, —, ’, Mac Donald, Mac Donald1 —, fromDavid Azerrad Heather, that's, Thiel —, Thiel’s, bristled, Riffing, Bill Burr, hadn’t, Burr, George W, Bush, ” Tennessee’s, Susan Kaestner, Jeff Sessions, Samuel Ginn, Christopher B, Roberts, Roberts “, Ginn, ” Bowdoin, Thomas Klingenstein, Janet Mills, Mills, ‘, Sarah Huckabee Sanders, Kevin Stitt, he’d, fromThomas, Glenn, sputtered, retool, didn’t, Jim Banks, Banks’s, Banks, Gay, Elise Stefanik Organizations: MIT, Trust, Texas, Claremont, Republicans, Senate, The New York Times, Republican, Claremont Institute, Gov, D.E.I, New, Manhattan Institute, Maine Policy Institute, ”, Texas Public Policy Foundation, Equity, Jack Miller Family, Jack Miller Family Foundation America, Capitol, Freedom Trust, Rupe Foundation, Scaife, Fox News, Massachusetts Institute of Technology, University of Pennsylvania, Hillsdale College, Boise State University, Boise, University of Wisconsin, Eau Claire, Trump, Boise State, University of Tennessee, Arkansas, Alabama, Auburn University, University of Alabama, Auburn, Bowdoin College in, NAS, Bowdoin, Democratic, Mr, Maine Public Radio, American, Association, Maine Department of Education, Indiana Republican, Education, Harvard, New York Republican Locations: Texas, Tennessee, North Carolina, Maine, Montana , Utah , Oklahoma , Texas, South Carolina , Florida, Louisiana, America, defund, Alabama, Tallahassee, Union, California, Florida, Maine , Tennessee, Idaho, New York, Florida , Louisiana, North Carolina , Oklahoma , Tennessee, Wisconsin, Darling, Dallas, Utah, C.R.T, United States, Hillsdale, Eau, India, Boise State, Boise, Manhattan, Canadian, Dixie, Maine —, Bowdoin College in Maine, Colonial America, ”, Maine’s, la, Portland, Northern Maine, Arkansas, Yenor, Indiana, Israel

MP Materials (MP.N), Lynas Rare Earths (LYC.AX) and other Western rare earths companies have struggled at times to deploy it due to technical complexities and pollution concerns. "The existing rare earths refining process is a nightmare," said Isabel Barton, a mining and geological engineering professor at the University of Arizona. Fannon and several U.S. politicians have called for Western governments to create central rare earths processing hubs, a plan already being pursued by Canada. In Saskatchewan, government scientists are working to launch their own rare earths processing technology after attempts to buy Chinese technology sputtered in 2020. "These new sources for rare earths are going to be paramount if we're going to reach global net zero targets," said Steve Schoffstall of the Sprott Energy Transition Materials ETF (SETM.O), which holds shares in several rare earths companies.

Persons: Isabel Barton, Michael Schrider, Ucore, Luisa Moreno, REETec, Robert Fox, Frank Fannon, Mike Crabtree, Crabtree, Steve Schoffstall, Ernest Scheyder, Veronica Brown, Claudia Parsons Organizations: International Energy Agency, University of Arizona, U.S . Air Force, Pentagon, Defense Metals, U.S . Department of Energy's, U.S . Department of Energy's Idaho National Laboratory, Saskatchewan Research Council, SRC, Ucore, Reuters, Thomson Locations: ALEXANDRIA, Louisiana, China, United States, U.S, American, Alaska, of New Orleans, British Columbia, South Africa, Florida, Norway, Massachusetts, U.S . Department of Energy's Idaho, Wyoming, Canada, Saskatchewan

I saw hundreds of new films with a variety of plots and styles made on every imaginable scale and budget. The movies have ostensibly been at death’s door at least since the shift to sync sound, which isn’t to undersell the industry’s business woes. “Indiana Jones and the Dial of Destiny” was “cursed,” read one headline; “‘Mission: Impossible 7’ falls short of expectations,” ran another. The moaning in the trades gave way to klaxon horns when much of SAG-AFTRA went on strike on July 14. This year also reminded us that a mass audience will happily get out of the house for movies without superheroes.

Persons: Manohla, Rockwell, Martin Scorsese, shutdowns, Topsy, “, bullish, Indiana Jones, ”, AFTRA, Barry Diller, “ Barbie ”, “ Oppenheimer ” Organizations: Yahoo, Sundance Film, Writers Guild, SAG, Paramount, Marvel Locations: Cannes

Until the embittered end, Henry Kissinger was one of the trusted few of a distrusting Richard Nixon. Political Cartoons View All 1273 Images“No doubt my vanity was piqued,” Kissinger later wrote of his expanding influence during Watergate. Two years later, Saigon fell to the communists, leaving a bitter taste among former U.S. allies who blamed Nixon, Kissinger and Congress for abandoning them. “The emigration of Jews from the Soviet Union is not an objective of American foreign policy,” Kissinger tells Nixon. And so they did — the Quaker-born Nixon, the Jewish-born Kissinger, on the floor, Nixon in tears about the unfairness of his fate.

Persons: Henry Kissinger, Richard Nixon, Kissinger, Nixon, Gerald Ford, ” Kissinger, ” Ford, “, ”, Donald Trump’s, Trump, ” —, —, — Kissinger, Robert Dallek, Walter Isaacson, David Frost, Isaacson, scrawled, Susan Mary Alsop, Stanley Kutler, “ Henry Kissinger, Jeffrey Kimball, starlets, Kissinger squired, Jill St, John, Shirley MacLaine, Marlo Thomas, Candice Bergen, Liv Ullmann, ” Nixon, H.R, Haldeman, Henry, It’s, Nancy Maginnes, Nelson Rockefeller, Gallup, Le Duc Tho, Tho, Walter, ” Walter, “ Kissinger, Ford, you’ve, ” “, ABC’s George Stephanopoulos, Kissinger demurred, Chile’s, Eisenhower, Augusto Pinochet, Pinochet, ” Peter Kornbluh, ” Heinz Alfred Kissinger, Heinz, Joe DiMaggio ”, Kennedy, Johnson, he’d “, William Rogers, Melvin Laird, Townsend Hoopes, deflating, ” Isaacson, Jimmy Carter, Ronald Reagan’s, diplomat’s Kissinger, George W, Bush, Long, didn’t, Bush “, Anneliese Fleischer, Elizabeth, David, extol Nixon, ” ___, Barry Schweid Organizations: WASHINGTON, Republican, Democratic, “ PBS, ”, National Security Council, State Department, Vietnam, Nixon, Hollywood, Playboy, Newsweek, America, Columbia University, Senate Armed Services Committee, White, Washington Post, New York Times, Yankee, Army, Harvard, Weapons, Rogers, Defense, Manhattan, New York Giants, Lincoln, diplomat’s Kissinger Associates, GOP Locations: U.S, Vietnam, China, Nazi Germany, Southeast Asia, Latin America, United States, Saigon, Soviet Union, White, Cambodia, South Vietnam, Khmer Rouge, Soviet, America, Chile, London, Pinochet, Bavarian, Fuerth, Manhattan, Germany, Pakistan, Beijing, Iraq, Afghanistan, American

Carson Beck and Jalen Milroe had to replace big-name quarterbacks at programs with national title-or-bust expectations. His turning point may have come in the SEC opener against South Carolina, when Beck rallied Georgia from a 14-3 halftime deficit to win 24-14. And Milroe has done something even Young couldn't do last season: lead the Tide to the SEC title game. Then Milroe was back, leading the Tide to a perfect SEC season and making their biggest play in the Iron Bowl. Besides the similarities of replacing star passers, Beck and Milroe share another common ground.

Persons: Carson Beck, Jalen Milroe, Beck, Stetson Bennett, Milroe, Bryce Young, Nick Saban, “ He’s, Milroe's, Isaiah Bond, ” Beck, “, We’ve, Kirby Smart, Lamar Jackson, ” Smart, they've, Young couldn't, Tyler Buchner, Ty Simpson, ” Milroe, ”, Bennett, Young, Saban Organizations: Alabama, Southeastern Conference, South, Crimson Tide, Auburn, Iron, Bulldogs, SEC, Baltimore Ravens, Tide, Heisman, AP Locations: Georgia, South Florida, Texas, ” Alabama, Alabama, South Carolina, Florida, New York

AI (Artificial Intelligence) letters and robot hand miniature in this illustration taken, June 23, 2023. The Global X Robotics & Artificial Intelligence ETF (BOTZ.O) received $35.5 million in net inflows in the week ending on Wednesday, its strongest since June earlier this year, according to Lipper data. "Improved inflation data and the likelihood of rate cuts in the second half of 2024 have maintained market optimism throughout November, contributing to investor interest," said Tejas Dessai, AVP, Research Analyst at Global X. So far this year, the Global X fund has gained 27.7% year-to-date, supported by the 233% rally in shares of its top holding Nvidia (NVDA.O), whose graphics processing units (GPUs) dominate the market for AI. The Global X fund, which has total net assets of $2.2 billion, has seen net inflows of $554.8 million so far this year.

Persons: Dado Ruvic, chipmaker, Aniket Ullal, Bansari Mayur, Shweta Agarwal Organizations: REUTERS, chipmaker Nvidia, Robotics, Intelligence, Federal Reserve, Tejas Dessai, Global, Nvidia, Wall, Thomson Locations: ., Bengaluru

☆ World stocks scale 2-month high boosted by rate cuts bets
▼ + stars: | 2023-11-15 | by ( Danilo Masoni | ) www.reuters.com time to read: +5 min

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, July 20, 2023. The British consumer price index rose by 4.6% in the 12 months to October, slowing from September's 6.7% increase, the Office for National Statistics said. He sees a "more complicated" process ahead, where stock market exuberance eventually collides with bond market expectations that an economic slowdown will drive rate cuts. The dollar index , which measures the currency against a basket of peers, stood at 104.17, not far from Tuesday's two-month low of 103.98. Interest rate futures swung to price in an interest rate cut by the U.S. Federal Reserve as early as May, with a 30% chance it could come even sooner, in March.

Persons: May MILAN, Carlo Franchini, Naka, Russell, Joe Biden, Xi Jinping, Sterling, Danilo Masoni, Tom Westbrook, Alex Richardson Organizations: REUTERS, Staff, Bank of England, Banca Ifigest, National Statistics, CPI, Nasdaq, U.S . Federal Reserve, Bloomberg News, Golden, HSBC, Brent, Thomson Locations: Frankfurt, Germany, United States, Europe, Asia, China, Milan, Ukraine, Italy, France, Tokyo, San Francisco, London, CHINA, Pacific, Japan, Hong Kong, Beijing, Shanghai, Singapore

☆ Warren Buffett’s Berkshire Hathaway Sheds Investments in GM, J&J and P&G
▼ + stars: | 2023-11-15 | by ( Karen Langley | ) www.wsj.com time to read: 1 min

Attendees arrive at the Berkshire Hathaway annual meeting in Omaha, Neb. Photo: David Williams/Bloomberg NewsWarren Buffett ’s Berkshire Hathaway eliminated its stake in a handful of American blue chips, including General Motors and Johnson & Johnson , while the stock market’s rally sputtered in the third quarter. The company also sold off smaller positions in Procter & Gamble , Mondelez International and United Parcel Service , while trimming its investments in Amazon.com , Chevron and HP, among others.

Persons: David Williams, Bloomberg News Warren Buffett ’, Berkshire Hathaway, Johnson Organizations: Berkshire Hathaway, Bloomberg News, Berkshire, General Motors, Johnson, Procter, Procter & Gamble, Mondelez International, United Parcel Service, Chevron, HP Locations: Omaha, Neb, Procter &

☆ Dollar down as markets bet Fed done with hikes
▼ + stars: | 2023-11-15 | by ( Brigid Riley | ) www.reuters.com time to read: +3 min

The offshore yuan briefly ticked up to a three-month high of $7.2385 against the dollar before easing back somewhat to $7.2477. The New Zealand dollar , which can act as a proxy for China, ticked up to a one-month high of $0.6029 against the dollar. Traders reacted quickly to the shift in market pricing by sending the dollar tumbling 1.5% overnight against major currencies. The dollar index , which measures the currency against a basket of peers, last stood at 104.14, not far from Tuesday's two-month low of 103.98. With the dollar on the back foot, the euro settled around $1.08725 after touching its highest since August the previous day.

Persons: Dado Ruvic, Rob Carnell, Carnell, Moh Siong Sim, Brigid Riley, Shri Navaratnam Organizations: REUTERS, Rights, Federal Reserve, of Research, ING, New Zealand, Traders, Treasury, Bank of Singapore, Thomson Locations: Asia, China, U.S, Lincoln

☆ China's ByteDance to overhaul VR arm Pico as global demand declines -sources
▼ + stars: | 2023-11-07 | by ( Josh Ye | ) www.reuters.com time to read: +2 min

The ByteDance logo is seen at the company's office in Shanghai, China July 4, 2023. The meeting did not specify how many jobs would be cut as a result, but the three people said "hundreds" of Pico staff were expected to be affected globally. In China, it has become the leading VR producer by total shipments and globally it trails only Meta. But two of the people said ByteDance had pared back efforts to develop Pico as a brand in recent months as the outlook dimmed. ByteDance said last month it remained committed to the VR industry in the long term following media reports that it planned to gradually wind down Pico.

Persons: Aly, Pico, ByteDance, Josh Ye, Jamie Freed Organizations: REUTERS, Pico, Reuters, VR, Meta, IDC, Thomson Locations: Shanghai, China, Pico, HONG KONG

REUTERS/Evelyn Hockstein Acquire Licensing RightsWASHINGTON, Oct 19 (Reuters) - The 2024 presidential election promises to be like no other modern U.S. election. He will be 81 when the election is held in November 2024, making him the oldest American to win a presidential election should he secure a second term. Republican presidential candidates are split between those saying abortion laws should be left to the states and those supporting a national ban. Republican candidates, including Trump, have blamed Biden for reversing more restrictive Trump-era policies, and have pledged to step up border security. Other Republican candidates, such as Pence and Haley, say the United States must continue to back Ukraine.

Persons: Joe Biden, Evelyn Hockstein, Donald Trump, Democrat Joe Biden, Biden, Trump, Ron DeSantis, Nikki Haley, Mike Pence, Chris Christie, Trump’s, Vivek Ramaswamy, DeSantis, Kamala Harris, Marianne Williamson, Robert F, Kennedy, Jr, Cornel West, Roe, Wade, Pence, Haley, Israel, James Oliphant, Ted Hesson, Heather Timmons, Ross Colvin, Kieran Murray, Jonathan Oatis, Cynthia Osterman Organizations: Moffett Federal, REUTERS, Rights, Republican, Democrat, Democratic, WHO, U.S, United, New, Trump, Biden, Democrats unenthused, Progressive, Supreme, Reuters, White, Republicans, Thomson Locations: Mountain View , California, U.S, American, Florida, New Jersey, America, Iowa, New Hampshire, Nevada , South Carolina, Michigan, South Carolina, California, Texas, Milwaukee , Wisconsin, Chicago, Mexico, New York, China, Ukraine, Russia, United States, Gaza, Israel, Midwest, Michigan , Pennsylvania, Wisconsin, . Arizona , Georgia, Nevada, North Carolina, Southern

☆ This is how JPMorgan's massive income ETF can again pull ahead of the stock market
▼ + stars: | 2023-10-17 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

But as the stock market rally has sputtered, the $29 billion fund is showing promise once again. JEPI YTD mountain JEPI has underperformed the broader market this year but has proved stable in the recent market dip. The downside to the options strategy is that those trades, made through equity-linked notes, can be losers when markets rise. Reiner said that the fund's options income strategy involves selling call options, through equity-linked notes, that have a 30% chance of finishing in the money. JEPI is not the only active income strategy in the JPMorgan ETF lineup.

Persons: JEPI, Hamilton Reiner, that's, Santa Claus, Reiner Organizations: JPMorgan, CNBC, Adobe, Technologies, Honeywell, SEC, Nasdaq Locations: Santa

☆ ICC Cricket World Cup: Afghanistan stuns England in one of the biggest ever sporting upsets
▼ + stars: | 2023-10-15 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —The pantheon of great sporting upsets gained another monument on Sunday as Afghanistan roundly defeated England by 69 runs at the ICC Cricket World Cup in Delhi, India. It was an upset of immense proportions – Afghanistan had only ever won one World Cup match in its entire history while England is the defending world champion, still basking in the glow of a golden era that has bestowed mythical status on much of its team. But England sputtered from the very start as some loose bowling allowed Afghanistan to build an impressive platform, putting on more than 100 runs without losing a wicket. Defeating England following the earthquake added another dimension to Afghanistan’s historic victory, one which captain Rashid Khan hoped will give Afghans a “little bit of smile on their faces,” he said, per ESPN Cricinfo. After already losing to New Zealand, this shock defeat leaves England in real danger of crashing out the World Cup in the group stages, giving Saturday’s game against South Africa even more importance.

Persons: Rahmanullah Gurbaz, Ikram Ali Khil, Harry Brook’s, Afghanistan's, Alikhil, Money Sharma, Ur Rahman, Rashid Khan, ” Organizations: CNN, England, ICC Cricket, Getty, Sky Sports, ESPN, New, South, New Zealand Locations: Afghanistan, Delhi, India, England, Herat, New Zealand, South Africa

19 Washington State on Saturday night. Fifita started his third straight game in place of the injured Jayden de Laura, a former Washington State quarterback. After a sizzling first month of the season, the Cougars’ offense sputtered for the second straight week. WAZZU’S RUSHING WOESFor the second straight week, the Cougars couldn’t get their rushing attack going. Washington State: A season that started so promising has gone sideways in a hurry.

Persons: — Noah Fifita, Jonah Coleman, Fifita, Jayden de Laura, Coleman, Rayshon Luke, DJ Williams, Cameron Ward, Watson, John Mateer Organizations: Arizona, Washington State, Wildcats, Cougars, Nakia, UCLA, FBS, USC, Oregon State, AP Locations: Arizona, Oregon

☆ SPAC shell games will keep hiding the ball
▼ + stars: | 2023-10-05 | by ( Jeffrey Goldfarb | ) www.reuters.com time to read: +9 min

It’s more or less how another 216 companies backed into public markets in 2021, according to SPAC Research. They’re on track to miss the mark by more than 40%, delivering only about $55 billion, according to recent forecasts compiled by LSEG. The electric-vehicle industry, for one, was a serial SPAC user whose exuberance sputtered badly. Dressing them up as acquisitions of private firms by listed shell companies enables the participants to play by looser rules. SPAC investors buy shares in the empty vessel before its sponsor and takeover target agree on a valuation.

Persons: Vishal Garg, Better’s, Breakingviews, SPACs, ”, Joel Rubinstein, Donald Trump’s, Spruce, Woodruff Sawyer, Gary Gensler, Ellis, Gensler, Lauren Silva Laughlin, Sharon Lam Organizations: Reuters, & Finance, Research, LSEG, Polestar Automotive, White, The Securities, Exchange Commission, XL Fleet, SEC, Reuters Graphics Reuters, Case, Kirkland, U.S . Securities, Financial Services, Thomson

Search resuls for: "sputtered"

25 mentions found