DIRS.INFO The most relevant business & tech news

☆ Fed poised to approve quarter-point rate hike next week, despite market turmoil
▼ + stars: | 2023-03-17 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

U.S. Federal Reserve Chair Jerome Powell addresses reporters after the Fed raised its target interest rate by a quarter of a percentage point, during a news conference at the Federal Reserve Building in Washington, February 1, 2023. Even with turmoil in the banking industry and uncertainty ahead, the Federal Reserve likely will approve a quarter-percentage-point interest rate increase next week, according to market pricing and many Wall Street experts. That likely will take the form of a 0.25 percentage point, or 25 basis point, increase, accompanied by assurances that there's no preset path ahead. Markets largely agree that the Fed is going to hike. As of Friday afternoon, there was about a 75% chance of a quarter-point increase, according to CME Group data using fed funds futures contracts as a guide.

☆ Blackface, booze, and blurred lines at the $2 billion tech firm Rokt
▼ + stars: | 2023-03-16 | by ( Jack Newsham | Madeline Stone | ) www.businessinsider.com time to read: +25 min

A cropped version of an image shared with Rokt employees at the 2020 meeting. Buchanan told Insider. "We think it's important that we stand up and fight it," he told Insider when asked about that message. In an email, Viles told Insider that he hasn't had any day-to-day involvement with Rokt since 2020, when he did some contract work. Mert Alper Dervis/Anadolu Agency via Getty ImagesOne employee told Insider they were encouraged to post the photos and proclaim 2023 to be Rokt's "best year yet."

☆ I'm an Amazon employee who likes working in person. I think our return-to-office plan falls short, so I'm quitting to work somewhere with a stronger office presence.
▼ + stars: | 2023-03-14 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

However, I soon realized the office we're going back to won't be the same office we had before the pandemic. But now, even with the mandate, yes, I'd be going into the office, but I'd still essentially be working as if I'm remote. Knowing now that Amazon's return to the office won't be what I wanted, I'm leaving to work somewhere with a stronger in-person culture. It's crazy because Amazon will probably think I'm quitting because I want to work from home, but it's actually the opposite. I know remote work is really great for some people, but ultimately it's just not how I want to work.

☆ The corporate girlies are not okay
▼ + stars: | 2023-03-11 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

On TikTok, corporate girlies document their 9 to 5 grinds, from outfits to work set-ups. That's led corporate girlies to rethink how they define themselves by work, and who they are as workers. Corporate girlies often have the stability of a high-paying, flexible job with benefits and perks. Self-described corporate girlie Elizabeth Raman-Grubbs — who stressed her views are hers, and not her employer's — said the very "glamorized" aesthetic of the lifestyle on social media has shifted as layoffs swept the industries where corporate girlies dwell, like tech and other professional services. But Raman-Grubbs is still bullish on corporate girlies.

☆ Vinyl sales surpassed CDs for the first time in 35 years as records make 'remarkable resurgence'
▼ + stars: | 2023-03-09 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

Vinyl sales beat out CDs for the first time since 1987, according to the Recording Industry Association of America. While streaming still reigns supreme, physical music sales are making a "remarkable resurgence," RIAA said. Taylor Swift, Harry Styles, and Olivia Rodrigo topped vinyl sales this year, per Luminate. Not since 1987 has vinyl led physical music sales, after the rise of the compact disc revolutionized the way Americans consumed music. Still, vinyl sales are on the rise even as supply issues and bottlenecks plague the industry and companies struggle to meet demand.

March 8 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. Given all that, it is maybe surprising that Wall Street's three main indexes 'only' fell between 1% and 1.5%. The RBA raised rates by 25 bps as expected on Tuesday to 3.60%, the highest in more than a decade. But its dovish outlook caught markets flat-footed, and the Australian dollar plunged 2%. Trade activity fell in February, reflecting weak global and domestic demand, but trade with Russia boomed.

☆ We asked CPAC attendees what they think 'woke' means. Their answers were all over the place.
▼ + stars: | 2023-03-04 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

The word "woke" has quickly shot to the forefront of Republican politics in recent years. We asked CPAC attendees what they thought the word means. The word "woke" originally emerged from African American vernacular English, signifying a general awareness of systems of injustice. For Francis, who said he homeschools his own children, the word "woke" invokes the idea of a system of education that's stoking divisions between groups. "Political correctness" appeared to be the most popular short-hand among attendees.

☆ Writing your résumé with AI makes it easier to find a job, a study finds. But this edge could vanish once everybody's doing it.
▼ + stars: | 2023-03-01 | by ( Madison Hoff | Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Using AI to help write your résumé improves your odds of landing a job, a study found. While the study didn't use ChatGPT, it points to AI's potential to help job seekers. Meaning, van Inwegen said, that employers "do care about" résumé writing. But if AI tools like ChatGPT proliferate — and millions of job seekers begin using AI tools to craft their résumé, it might get harder to stand out. "Everyone's résumé will have gone through some sort of algorithmic checker," van Inwegen said.

☆ Warren Buffett blasted earnings manipulation as 'disgusting' in his annual letter. Here's what he meant, and how GE legend Jack Welch ties into it.
▼ + stars: | 2023-02-28 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Warren Buffett blasted earnings manipulation as "disgusting" and "one of the shames of capitalism." Former GE CEO Jack Welch specialized in using legal but creative accounting to beat forecasts. Look no further than Jack Welch, the late CEO of General Electric, for insights into the legal but controversial practice. He made it his mission to beat Wall Street's forecasts, and deliver slow, steady growth that would secure a higher valuation for GE stock. Welch's obsession with GE hitting its numbers each quarter spurred him to ruthlessly cut costs and fire workers as needed.

☆ Lithium-ion battery recycling company Li-Cycle scores $375 million conditional loan from Energy Department for Rochester plant
▼ + stars: | 2023-02-27 | by ( Pippa Stevens | ) www.cnbc.com time to read: +3 min

Battery recycling company Li-Cycle said Monday it's secured a conditional $375 million loan from the Department of Energy to develop a recycling facility for key battery materials near Rochester, New York. The Rochester facility will significantly expand Li-Cycle's reach. "I think of course we need both primary, meaning mine sources, and secondary…every unit counts of lithium, nickel, cobalt. I think with the overlay of the IRA and the overlay of the corporate targets around sourcing for these materials, recycling is going to be very important." Li-Cycle said it expects the loan to close during the second quarter, with the company planning to initiate commissioning of the Rochester facility late this year.

☆ Kansas City Mayor Quinton Lucas talks President Biden, infrastructure funding, and governing without gridlock at the local level: 'We've got to get stuff done'
▼ + stars: | 2023-02-26 | by ( John L. Dorman | ) www.businessinsider.com time to read: +8 min

Kansas City Mayor Quinton Lucas strives for collaboration as he works on tough policy issues. And he looks at Kansas City — whose Chiefs won Super Bowl LVII earlier this month — as an example of resiliency. What have been some of the most tangible and immediate benefits of the law for Kansas City? Mayor Lucas speaks during the Kansas City Chiefs' victory celebration in Kansas City, Missouri, on February 15, 2023. In Kansas City, we've said: "How do we keep talking to people even if everybody's mad at each other in the room?"

☆ Florida Great Displacement: Climate Change Forces Residents to Leave State
▼ + stars: | 2023-02-21 | by ( Jake Bittle | ) www.businessinsider.com time to read: +14 min

The Keys are also the first flock of canaries in the coal mine of climate change. The hurricane made undeniable what previous floods had only suggested: that climate change will someday make life in the archipelago impossible to sustain. The decision to leave, on the other hand, which once signified surrender, now looks more like acceptance of the inevitable. It's this messiness that is reflected in the word "displacement": the migratory shifts caused by climate change are as chaotic as the weather events that cause them. This is an excerpt adapted from THE GREAT DISPLACEMENT: Climate Change and the Next American Migration by Jake Bittle.

☆ Why it's so hard to build new electrical transmission lines in the U.S.
▼ + stars: | 2023-02-21 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +14 min

Building new transmission lines in the U.S. takes so long — if they are built at all — that electrical transmission has become a roadblock for deploying clean energy. Energy companies that build new transmission lines need to get a return on their investment, explains James McCalley, an electrical engineering professor at Iowa State University. "Someone that benefits more frequent transmission line will pay more than someone who benefits less from a transmission line." transmission lines, energy grid, clean energyGreat River Energy and Minnesota Power are in the early stages of building a 150-mile, 345 kilovolt transmission line from northern to central Minnesota. Engaging with all members of the respective community is a necessary part of any successful transmission line build out, Patel and Johnson both say.

☆ When will student loan payments restart? What borrowers need to know
▼ + stars: | 2023-02-21 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Skynesher | E+ | Getty ImagesRestart depends on Supreme Court decision timingWhen student loan payments restart depends on how long the Supreme Court justices take to issue a decision on the president's plan, said higher education expert Mark Kantrowitz. Servicers will determine when your payment is dueFederal student loan payments have been on pause since March 2020, when the coronavirus pandemic first hit the U.S. and crippled the economy. "They're not going to restart everybody's student loan payments on the same day, everywhere, all at once," he said. Two of these lawsuits — which the Supreme Court has agreed to hear oral arguments for — have been successful in at least temporarily halting the relief. Sixty days will be enough to forgive student loan debt if the president's plan survives.

☆ Leonardo DiCaprio's Regeneration VC fills $1.6 million funding gap in AI recycling startup Greyparrot after key investor falls short on commitment
▼ + stars: | 2023-02-17 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Leonardo DiCaprio's Regeneration VC has plugged a $1.6 million funding gap in Greyparrot. But Una Terra, one of its key backers, was unable the fulfill the entirety of its promised investment. Leonardo DiCaprio-backed fund Regeneration VC has plugged a $1.6. million funding gap in recycling analytics startup Greyparrot after one of its key backers fell short on a promised investment. The founder expects continued growth in waste data, analytics, and reporting as industries are forced to green up.

☆ The inventor of the web thinks everyone will have their own personal A.I. assistants like ChatGPT
▼ + stars: | 2023-02-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

Through their company Inrupt, Sir Tim Berners-Lee, the inventor of the World Wide Web, and John Bruce, are trying to change the future of the internet. Inrupt is a company they co-founded which aims to deliver the web inventors' original vision of the way the internet should work. Data will be stored in so-called "pods," which are basically a person's personal data online storage container. And the opportunity for individuals to take more command over their role on the web," Bruce told CNBC's Beyond The Valley. But Berners-Lee is keen to call the next generation of the internet Web 3.0, emphasizing the dot.

☆ Investing in Space: The space station kingmaker
▼ + stars: | 2023-02-16 | by ( Michael Sheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Several U.S. companies are working to build new orbiting habitats to replace the aging International Space Station. NASA's role in seeding the fledgling market was a hot topic at the FAA's space conference last week. Four private space stations are vying to get online by the time that happens:Axiom Space and Northrop Grumman"Starlab" is under development by Voyager Space and subsidiary Nanoracks alongside Airbus. These days, it's been doling out funds to the four space station projects.

☆ Pressure mounts on Biden to publicly address aerial object shoot downs
▼ + stars: | 2023-02-15 | by ( Christina Wilkie | ) www.cnbc.com time to read: +3 min

Al Drago | ReutersWASHINGTON — President Joe Biden is coming under mounting pressure from both Democratic and Republicans senators to publicly explain why he ordered three floating objects to be shot down last weekend by American fighter jets. The orders to shoot down the three "unidentified aerial phenomena" over three days came just one week after a massive Chinese surveillance balloon was shot down Feb. 4, after floating across the United States for eight days. The first of the objects shot down this weekend was the size of a small car and floating at 40,000 feet when it was shot down over the Arctic Ocean on Friday. The second one was similar in size and altitude, but it was shot down over the Canadian Yukon on Saturday. The third floating object was slightly smaller and floating at just 20,000 feet when it was taken out over Lake Huron on Sunday.

☆ Exclusive: UAE's Jaber says keeping 1.5 Celsius goal 'alive' is top priority for COP28
▼ + stars: | 2023-02-15 | by ( Maha El Dahan | ) www.reuters.com time to read: +4 min

Jaber's appointment fuelled activist concern that big industry was hijacking the world's response to the global warming crisis. "I have no intention whatsoever of deviating from the 1.5 goal," Jaber said in his first interview since being assigned the role. "Keeping 1.5 alive is a top priority and it will cut across everything I do." As COP28 president, Jaber will help shape the conference agenda and intergovernmental negotiations. "How about for once we capitalise on everybody's capabilities and strengths and fight climate change rather than going after each other," he said when asked about the criticism.

☆ These unprofitable stocks could surprise investors in a good way like Palantir
▼ + stars: | 2023-02-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

There's nothing like a formerly unprofitable company surprising investors with good news. In Palantir's case, the company's first ever positive quarter of net income on a GAAP basis helped the stock rally 21% Tuesday. The food company had a $7 million net income loss in the 2021 fiscal year. The healthcare-apparel retailer had a $9.6 million net income loss in its prior fiscal year but is expected to pull in $21.6 million in net income in its latest fiscal year. Lastly, Snowflake saw a huge net income loss of $679.9 million in 2021, but is expecting to post a $75.9 million net income gain in 2022.

☆ 'Father of the internet' sounds the alarm on the gold rush around AI chatbots
▼ + stars: | 2023-02-14 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

One of the fathers of the internet is warning against hastily investing in AI chatbots due to hype. Cerf said people must be "thoughtful" about using AI chatbots, and it will not always benefit them. Vint Cerf, widely recognized as a "father of the internet," warned people against hastily investing in conversational AI chatbots like ChatGPT and Google Bard simply because they're "cool" and buzzed about. As chief internet evangelist, Cerf "contributes to global policy development and continued spread of the Internet," according to Google Research. After OpenAI released its viral AI chatbot ChatGPT in November, tech giants like Google and Microsoft have joined the competition to release their own AI chatbots into the race.

☆ Ukraine war live updates: NATO leaders to meet in Brussels; Wagner Group makes gains around Bakhmut
▼ + stars: | 2023-02-14 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

The International Monetary Fund's managing director Kristalina Georgieva said Tuesday that Ukraine is fighting not just in defense of its national sovereignty but to protect the international rule of law. "In Ukraine, people strongly believe they're fighting not just for themselves, they're fighting for the right of every nation to exist and run its own affairs," the director of the United Nations financial institution said at the World Government Summit in Dubai. Georgieva said that a problem which is Ukraine's problem today can tomorrow "be a problem for many other countries," adding that it is in "everybody's interest" to defend a rules-based global system. "If we blow up rule of law internationally, how are we going to keep it domestically?" "It is for everyone, everybody's interest to defend it."

☆ Palantir is 'tradeable for the first time in a long time,' says 'Fast Money' trader Guy Adami
▼ + stars: | 2023-02-13 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Palantir Technologies is a promising trade for the first time in a while, according to Private Advisor Group's Guy Adami. Analysts called for earnings of 3 cents per share on revenues of $502 million, according to Refinitiv. It also marked the company's first quarter of positive net income on a generally accepted accounting principles (GAAP) basis. "In an environment where what they're working on is seemingly front and center in everybody's lexicon — I think Palantir for the first time in a long time, is actually tradeable," Adami said Monday on CNBC's " Fast Money ." Adami added that he could see Palantir becoming "an M & A play."

☆ Burt Bacharach, legendary composer of pop songs, dies at 94
▼ + stars: | 2023-02-09 | by ( ) www.cnbc.com time to read: +10 min

Bacharach was both an innovator and throwback, and his career seemed to run parallel to the rock era. He was an eight-time Grammy winner, a prize-winning Broadway composer for "Promises, Promises" and a three-time Oscar winner. Fellow songwriter Sammy Cahn liked to joke that the smiling, wavy-haired Bacharach was the first composer he ever knew who didn't look like a dentist. Bacharach was essentially a pop composer, but his songs became hits for country artists (Marty Robbins), rhythm and blues performers (Chuck Jackson), soul (Franklin, Luther Vandross) and synth-pop (Naked Eyes). He's everybody's composer ... Burt Bacharach!"

☆ Movie theaters get creative with food and drink as they struggle to fill seats
▼ + stars: | 2023-02-08 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +9 min

At many movie theaters, popcorn and soda appear alongside flatbreads, lobster grilled cheese and elaborate cocktails. "It is things like concessions and how that fits into a broader movie theater experience that really are things that movie theaters need to focus on and hammer in," Gallinari said. AMC Entertainment , the world's largest movie theater chain, exited its third quarter with more than $5.3 billion in debt. According to data from research firm EntTelligence, the average medium popcorn at domestic movie theaters is $8.14, while a medium drink runs for $6.20. "With movie theaters and concessions already having a reputation for being overpriced, being subject to the wills of the market in that way can really work against the movie theater's favor," Gallinari said.

Search resuls for: "Everybody's"

25 mentions found