DIRS.INFO The most relevant business & tech news

☆ Opinion: Paris’ bedbug bedlam
▼ + stars: | 2023-10-04 | by ( David A. Andelman | ) edition.cnn.com time to read: +7 min

He formerly was a foreign correspondent for The New York Times and Paris correspondent for CBS News. But conquering the city’s bedbug infestation, too, could prove to be an Olympian challenge. The deputy mayor of Paris has also asked Prime Minister Élisabeth Borne to take it on. A French government survey found that at least 11% of all French households reported having a bedbug infestation between 2017 and 2022. The tried-and-true solution to combating bedbugs is as old as Paris itself.

Persons: David A, CNN —, David Andelman, Élisabeth Borne, Borne, they’re, ”, Mathilde Panot, bedbugs, ” Panot, who’d, Anne Hidalgo, Emmanuel Gregoire, implore Borne, Gregoire, Hidalgo, they’ve, Charles de Gaulle, Jean, Michel Berenger, Dior, Mayra Peralta, “, Rue de Solferino, you’ve Organizations: CNN, French Legion of, The New York Times, CBS News, Maison, Legion, French Socialist Party, David Andelman CNN, Paris, bedbugs, Metro, Paris’s, French National, France Insoumise, Paralympic, EnVi Media, PUNAISES RUE DE, Rue de Locations: Paris, Paris’s, France, Seine, Le, “, Rue

LONDON (AP) — Britain’s inquiry into the response to the coronavirus pandemic and its impact on the nation entered its second phase Tuesday, with political decision-making around major developments, such as the timing of lockdowns, set to take center stage. The first phase, which concluded in July, looked at the country's preparedness for the pandemic. An array of experts and politicians are set to testify during the current phase, which is due to end on Dec. 14. The decisions of Boris Johnson, who was prime minister during the pandemic, will be in particular focus. After Hallett's introductory statement, the inquiry heard emotional video testimonies from families who lost loved ones or whose children have suffered long-term physical and mental effects of the virus, so-called long COVID.

Persons: —, Lorelei King, Vincent Marzello, “, ”, Heather Hallett, Hallett, Boris Johnson, Johnson, Alan Organizations: Britain’s Locations: London, United Kingdom

☆ Hosts are eager for more support after Airbnb CEO Brian Chesky says 'we need to get our house in order'
▼ + stars: | 2023-10-03 | by ( Dan Latu | ) www.businessinsider.com time to read: +6 min

Airbnb CEO Brian Chesky called out his own company in an interview with Bloomberg published Monday. AdvertisementAdvertisementAirbnb CEO Brian Chesky says it's time for the company to "get our house in order," in an interview with Bloomberg, and short-term rental hosts are thrilled. Airbnb host Ric Kenworthy, who manages over 90 properties in Arizona, says Chesky's comments were a long time coming. Chesky's site is a marketplace that connects hosts and travelers, and the CEO is struggling to keep both sides happy. As travelers continue to book short-term rentals, Chesky acknowledged the company "never fully built the foundation" needed for the current size of the company.

Persons: Brian Chesky, —, Ric Kenworthy, Jen Kelman, that's, Chesky, Airbnb, Melinda Johnson, Johnson, Kelman, Katie Kay Mead Organizations: Bloomberg, Service, Airbnb Locations: Arizona, Airbnb, Tennessee, , Arizona, Arrowhead , California

☆ How Florida became America's 2nd-most-valuable housing market
▼ + stars: | 2023-10-01 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Florida beat out New York to become the country's second-most-valuable housing market, Zillow said. Of the top six markets that gained the most value since the onset of COVID-19, four are in Florida. The market boom is driven by an influx in new residents putting more demand on the housing stock. Florida welcomed 655,000 new residents since the start of the pandemic, according to Census estimates reported by Insider in March. Stefanie Mortenson traded her life in Virginia for a $159,000 tiny home near Tampa, Florida.

Persons: Zillow, —, Stefanie Mortensen, Stefanie Mortenson, Noelle Lane, Nicole Panesso, There's, David Triana Organizations: Florida, Service, Sunshine, Bloomberg, Florida Atlantic University, Florida International University, Tampa, North, Coral, Lakeland, Cape Coral, Joint Center for Housing Studies, Harvard University Locations: New York, Florida, California, Tampa, Miami, Jacksonville, Orlando, Virginia, Tampa , Florida, North Port, Palm, Gulf Coast, Naples, Cape, Georgia, Tennessee, Nicole Panesso South Florida, Fort Lauderdale, Chattanooga , Tennessee, Clermont , Florida

PITTSBURGH (AP) — The Miami Marlins' improbable September push will carry into October. Puk (7-5) and seven other relievers kept the Pirates in check, rendering any scoreboard-watching pointless. Miami began the day with its magic number whittled to one following another late comeback victory on Friday night. Miami used a 17-9 September surge to vault over San Francisco, Chicago and surprising Cincinnati in the standings. It's unclear whether the Marlins will have to return to New York on Monday to finish a suspended game against the New York Mets.

Persons: Jazz Chisholm, Josh Bell, Tanner Scott, “, Skip Schumaker's, Marlins —, Chisholm, Little, Jon Berti, Quinn Priester, Garrett Hampson bunted, Nick Gonzalez, Jacob Stallings, Berti, Liover Pegeuro's, Jorge Soler, Bell —, Miami —, Soler, Endy Rodriguez, Jared Triolo, Ke'Bryan Hayes, Bryan Reynolds, Priester, Luis Arraez, ___ Organizations: PITTSBURGH, The Miami Marlins, Marlins, Pittsburgh Pirates, Miami, National League, Pirates, Marlins ”, New York Mets, San Diego Padres, San, MLB Locations: Bahamas, Miami, San Francisco, Chicago, Washington, San Diego, Cleveland, New York

☆ The CEO of a Vietnam-based company explains why his team has a hybrid schedule when most companies in the country are back in the office
▼ + stars: | 2023-09-28 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

A CEO in Vietnam offers his team hybrid work, unlike many other companies in the country. AdvertisementAdvertisementDaan van Rossum's company is quite different from many other companies in Vietnam: It offers hybrid work. Neither Japan nor South Korea imposed a full national lockdown, so many workers never needed to adjust to remote work. In many ways, Singapore mirrors the US in that many companies offer remote work, given the country's more advanced digitization. AdvertisementAdvertisementAt the end of the day, van Rossum said there's still no answer on whether in-person or hybrid work is best.

Persons: —, van Rossum, Van Rossum, Jones Lang LaSalle, Van Rossum's, Daan van Rossum, it's, Vietnam —, there's Organizations: Service, Center for Creative Leadership Locations: Vietnam, Asia, Netherlands, Ho Chi Minh City, Americas, Europe, Japan, South Korea, India, Malaysia, Philippines, Sri Lanka, Singapore

☆ Nike misses on revenue for first time in two years, but stock pops as earnings, margins beat
▼ + stars: | 2023-09-28 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +9 min

Nike reported revenue Thursday that fell short of Wall Street's sales expectations for the first time in two years, but it beat on earnings and gross margin estimates, sending its stock soaring in after-hours trading. Revenue for the quarter was just shy of the $12.98 billion analysts had expected, according to LSEG. For the second quarter, Nike expects revenue growth to be up slightly versus the prior year and gross margins to grow by about 1 percentage point versus the prior year. During the previous quarter ended May 31, Nike saw China sales jump 16% compared to the year-ago period. Analysts had expected sales to be about $660 million, according to StreetAccount.

Persons: Matthew Friend, They're, John Donahoe, he's, Friend, Jefferies, doesn't bode, It's Organizations: Nike, LSEG, Revenue, Investors, Reuters, Asia Pacific, Converse, Sporting Goods, Footlocker Locations: China, North America, Europe, East, Africa, America, Asia

☆ I'm a Gen Zer living and working in England. Getting on the housing ladder feels impossible here, and not buying Starbucks won't help.
▼ + stars: | 2023-09-26 | by ( Adam England | ) www.businessinsider.com time to read: +6 min

AdvertisementAdvertisementFor British students in the UK, tuition fees are currently capped at £9,250 a year. In 2006, tuition at a UK university cost an average of £3,000 a year, according to the House of Commons Library . Go back a decade, to 2013, and the average house price in this area was £250,911. AdvertisementAdvertisementThe average house price in 1995, when my parents moved in together, was around £56,000. However, if you compare the average house price in 1995 to the average house price in the UK in June 2023 — £287,456 — it's increased by more than 413%.

Persons: Adam England, Zers, —, I'm, Gen, I'd, they've, They've, They're Organizations: Economic, Service, Commons, Deloitte, Price Index, Bank of Locations: England, Britain, Ukraine, Bath, North East Somerset

☆ Here are Tuesday's biggest analyst calls: Tesla, Rivian, Apple, Domino's, Levi's, Meta, Micron & more
▼ + stars: | 2023-09-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

UBS reiterates Levi Strauss as buy UBS said Levi Strauss' earnings will be less bad than feared in early October. Oppenheimer names Domino's a top pick Oppenheimer named Domino's as a top pick and said the downward revision cycle has "bottomed." Bank of America reiterates Meta as buy Bank of America said it's bullish heading into Meta's annual Connect conference event on Wednesday. "Given Meta's increased focus on integrating Al across surfaces, and CEO commentary on AI Agents on prior earnings calls, we believe the event may also include announcements on new AI/ML products." Citi reiterates Micron as buy Citi said its bullish heading into Micron earnings on Wednesday.

Persons: Baird, Levi Strauss, LEVI, Morgan Stanley, Oppenheimer, Domino's, Stifel, it's, Tesla, TSLA, Jefferies, Edwards, Goldman Sachs, Goldman Organizations: UBS, Barclays, Bank of America, Meta, Agents, JPMorgan, Apple, Nike, Citi, Micron, RBC, HSBC, AMC, ~$ Locations: Greater China, China

☆ Sterling hits fresh multi-month lows on dollar and euro
▼ + stars: | 2023-09-25 | by ( Alun John | ) www.reuters.com time to read: +2 min

Pound Sterling notes and change are seen inside a cash resgister in a coffee shop in Manchester, Britain, Septem,ber 21, 2018. Sterling, on Monday, dropped as much as 0.25% to $1.2213 its lowest since March 2023, though later steadied to trade flat on the day at $1.2242. The euro on Monday briefly touched 87.03 pence, its highest since May, and was last flat a touch below that level. "What we’re seeing today is the Chinese real estate worries bleeding into the European session, weighing on equity markets and then on the euro and sterling," said Nick Rees, FX market analyst at Monex Europe. "That builds on what happened last week with the Bank of England," said Rees, "Markets are now thinking about what the Bank is seeing in the economy."

Persons: Pound Sterling, ber, Phil Noble, BOE, Liz, Nick Rees, Rees, Alun John, Alex Richardson Organizations: REUTERS, Bank of, Bank of England, European Central Bank, Federal Reserve, FX, Monex, Global, China, HK, Thomson Locations: Manchester, Britain

☆ China's economic situation isn't as dire as it seems, and policymakers in Beijing were just expecting too much, economist says
▼ + stars: | 2023-09-25 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

China's economy isn't doing as bad as it seems, according to economist Nancy Qian. But Beijing has been disappointed due to outsized expectations for economic growth. Though it's weighed down by a bloated property sector and looming demographic problems, China's economic growth actually clocked in at 6.3% year-over-year over the second quarter, according to the Organization for Economic Cooperation and Development. That's the second-highest projected growth rate among countries tracked by the OECD, with the US, by comparison, slated to grow just 2.2% this year. AdvertisementAdvertisement"But is China's economy really in dire straits?

Persons: Nancy Qian, it's, That's, Qian Organizations: Service, Organization for Economic Cooperation, Development, OECD, Northwestern University, Northwester's, Research Lab, China Econ, Syndicate, Japan Locations: Beijing, Wall, Silicon, China, Italy, Spain, Sweden

☆ Rupert Murdoch has been watching too much 'Succession,' Brian Cox — the actor who played Logan Roy — joked as he weighed in on the media tycoon stepping down
▼ + stars: | 2023-09-25 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Brian Cox spoke with the BBC about his thoughts on Rupert Murdoch stepping back from chair of News Corp.Cox recounted how Murdoch's son-in-law once asked if the "Succession" writers could "be a bit nicer." Cox, who played a character inspired by Murdoch, criticized the tycoon's ability to "manipulate" politics. Murdoch announced last Thursday he was stepping down from running Fox and News Corp, and handing the reins to his eldest son, Lachlan Murdoch. "I think he's been watching too much 'Succession,' clearly," Cox joked of Murdoch's decision, in the BBC interview. "He's probably the most tenacious human on God's earth," Cox said of Murdoch.

Persons: Brian Cox, Rupert Murdoch, Cox, Murdoch's, Murdoch, Lachlan Murdoch, didn't, Jerry Hall, ‘, Logan Roy, Elisabeth Murdoch, Rupert Murdoch's, Tony Blair, David Cameron, Rishi Sunak, He's Organizations: BBC, News Corp, Service, Fox, 9AM, Daily Telegraph, Corp Locations: Wall, Silicon, Scottish

☆ Scooter company Bird delisted from NYSE after stock collapse, will trade over the counter
▼ + stars: | 2023-09-22 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Bird raised over $500 million, and was valued at $2.5 billion in a 2019 round led by Sequoia Capital. The onset of Covid in 2020 brought the business almost to a halt as cities went into lockdown. That year Bird went public through a merger with a special purpose acquisition company, but the economics continued to deteriorate. That's after a 1-for-25 reverse stock split meant to get the stock trading back above $1. Earlier this week, Bird acquired scooter startup Spin for $19 million, including $10 million in cash.

Persons: Bird, Travis VanderZanden, Michael Washinushi Organizations: New York Stock Exchange, Sequoia Capital, Revenue, Company, NYSE, Bird

The preliminary reading of the UK S&P Global Purchasing Managers' Index (PMI) for the services sector sank to its lowest since the pandemic lockdown of January 2021 and below all forecasts in a Reuters poll of economists. PMIs for the euro zone picked up a little but still suggested a recession was approaching. Official data showed retail sales rose in August, partially recovering from a rain-induced plunge in July, and a measure of consumer confidence climbed to its highest since January 2022. However, data company S&P Global said its survey was consistent with a drop in quarterly economic output of 0.4%. "The disappointing PMI survey results for September mean a recession is looking increasingly likely in the UK," said Chris Williamson, chief business economist at S&P Global.

Persons: Molly Darlington, BoE, Sterling, Martin Beck, Beck, Chris Williamson, Samuel Tombs, Andy Bruce, Toby Chopra Organizations: REUTERS, P, CBI, Bank of England, P Global, U.S, Confederation of British Industry, PMI, Pantheon, Thomson Locations: Altrincham, Britain

☆ France's services sector contracts sharply in September - flash PMI
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Eric Gaillard Acquire Licensing RightsPARIS, Sept 22 (Reuters) - France's dominant services sector contracted at an even sharper pace in September, a monthly survey showed on Friday, as falls in demand and new orders weighed on the euro zone's second-biggest economy. The flash September manufacturing PMI number came in at 43.6 points - also much lower than the 46.0 points in August and way off a Reuters poll forecast of an unchanged level. The August composite flash PMI number comprising both the services and manufacturing sectors stood at 43.5 points, down from the final 46.0 August composite number and well below a Reuters poll forecast of 46.0. Business activity has fallen sharply in both the service and manufacturing sectors in September, mainly due to a slump in demand for French products and services. It is important to note however that this will be almost entirely driven by the public service sector," Liebke added.

Persons: Eric Gaillard, Norman Liebke, Liebke, Benoit Van Overstraeten, Toby Chopra Organizations: REUTERS, Rights, P Global, Commercial Bank, French National Bank, Thomson Locations: Nice, France

☆ Opinion: It doesn’t take an Agatha Christie detective to work out something’s up in Xi’s China
▼ + stars: | 2023-09-22 | by ( Sheena Mckenzie | Opinion Frida Ghitis | ) edition.cnn.com time to read: +7 min

She is a weekly opinion contributor to CNN, a contributing columnist to The Washington Post and a columnist for World Politics Review. The latest to vanish from view is China’s Defense Minister Li Shangfu. But anti-corruption campaigns are an ideal vehicle for political crackdowns, and in the opaque world of China’s regime, with no official explanation, there’s much that doesn’t meet the eye. (Rahm Emanuel, dripping with sarcasm, joked that the unemployment rate among Xi’s ministers might exceed that of China’s young people.) But China, of course, still promotes its system as a superior alternative to western-style democracy; tries to pretend that it’s not a dictatorship.

Persons: Frida Ghitis, Li Shangfu, “ I’m, Nobody, Rahm Emanuel, ”, Xi’s, Agatha Christie’s, Li, China’s, Qin Gang, Qin, Xi Jinping, Wang Yi, Qi, Xi, Mao Zedong, didn’t, Joe Biden, “, Hu Jintao, Hu, chastened, Jack Ma, Jeff Bezos Organizations: CNN, Washington Post, Politics, Frida Ghitis CNN, China’s Defense, People’s Liberation Army, PLA, Twitter, Qin, Street Journal, PLA’s, Force, United Nations General Assembly, Communist Party Congress Locations: China, Japan, Denmark, Vietnam, Beijing, Washington, Russia, Ukraine, Germany

☆ China's economic troubles have left some cities so cash-strapped they're resorting to bizarre fines, skipping bills, and slashing health coverage
▼ + stars: | 2023-09-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Some Chinese cities are majorly cash-strapped as the economy grapples with debt and deflation. Local governments have resorted to handing out bizarre tickets and shirking bills to make money. That's led some cities to start imposing bizarre fines in the hopes of scraping together enough cash to meet their obligations. The state-funded China's Endangered Species Fund, for instance, says it hasn't received cash from the government for about half a year. Experts have warned of a bleak future ahead for China's economy, which is straddled with big debt loads, a deflation problem, and still-sluggish demand from its two-year COVID-lockdown.

Persons: shirk, That's, hasn't Organizations: Service, CNN, Yuekai Securities, Species Fund, New York Times Locations: Wall, Silicon, Guangdong, China, Beijing, Shanghai, Weibo, Wuhan

☆ Australia to hold independent inquiry into handling of COVID pandemic
▼ + stars: | 2023-09-21 | by ( Renju Jose | ) www.reuters.com time to read: +2 min

REUTERS/Loren Elliott/file photo Acquire Licensing RightsSYDNEY, Sept 21 (Reuters) - Australia's centre-left Labor government on Thursday said it would hold an independent inquiry into the handling of the COVID-19 pandemic to better prepare for future health crises. Australia closed its international borders and locked down cities among other pandemic restrictions that helped keep infections and deaths far below levels in other comparable developed economies such as the United States and Britain. A three-member panel, which includes an epidemiologist, public service expert and economist, will conduct the inquiry, Prime Minister Anthony Albanese told a media conference. "We need to examine what went right, what could be done better with a focus on the future," Albanese said. "Because the health experts and the science tells us that this pandemic may ... not likely to be the last one that occurs."

Persons: Loren Elliott, Anthony Albanese, " Albanese, Albanese's, Peter Dutton, Renju Jose, Miral Organizations: REUTERS, Rights, Labor, Thomson Locations: Sydney, Australia, United States, Britain, Victoria, Melbourne

☆ Tender photos reveal the quiet intimacy of an English country garden
▼ + stars: | 2023-09-20 | by ( Suyin Haynes | ) edition.cnn.com time to read: +6 min

But British photographer Siân Davey wanted to make something different. Davey's garden, the backdrop for the series, became a sanctuary during coronavirus lockdown mandates in the UK. Courtesy Siân Davey Davey/Michael Hoppen Gallery London“The Garden” is currently shortlisted for the Prix Pictet — an international photography prize highlighting work on themes connected to sustainability. Courtesy Siân Davey Davey/Michael Hoppen Gallery LondonFor Davey and her son, the project was as much about intention and process as it was about making the photographs. Courtesy Siân Davey Davey/Michael Hoppen Gallery LondonCreating the garden then, has been a way to create a deeper relationship between the people photographed and the earth.

Persons: Siân Davey, “ I’m, ”, “ It’s, Sian Davey, Michael Hoppen Galler, ” Davey, Luke, Davey, Siân Davey Davey, Michael Hoppen, —, Alice ”, Down’s, Martha ”, Roland, Davey’s, “ Organizations: CNN, London, Prix, Michael Hoppen Gallery, Dartington Hall, Victoria, Albert Museum Locations: Devon, England, Michael Hoppen Gallery London, London

☆ India's banking system liquidity deficit jumps to over 4-year high
▼ + stars: | 2023-09-20 | by ( Dharamraj Dhutia | ) www.reuters.com time to read: +2 min

MUMBAI (Reuters) - India’s banking system liquidity deficit is at its widest in over four years ago, amid tax outflows and the lack of any major inflows, traders said on Wednesday. REUTERS/Hemanshi Kamani/File PhotoBanking system liquidity deficit jumped to 1.47 trillion rupees ($17.67 billion) as on September 18, the highest single day shortfall since April 23, 2019, while banks have borrowed a record 1.97 trillion rupees from the central bank’s Marginal Standing Facility window. Advance tax payments took place last week, while outflows towards Goods and Services tax will be completed by Wednesday, with bankers estimating aggregate outflows of up to 2.50 trillion rupees. Moreover, “another drain on rupee liquidity could be from RBI’s (Reserve Bank of India) FX intervention if depreciation pressures on the rupee persist,” said Gaura Sen Gupta, an economist with IDFC First Bank. The liquidity deficit will, however, narrow towards the end of this month and the beginning of October as government spending picks up and the I-CRR is completely wound down.

Persons: Hemanshi, ”, Gaura Sen Gupta, Upasna Bhardwaj Organizations: REUTERS, Goods, Services, Reserve Bank of India, IDFC, Bank, Kotak Mahindra Bank Locations: MUMBAI, India, RBI’s

REUTERS/Beawiharta Acquire Licensing RightsLONDON, Sept 20 (Reuters) - London Metal Exchange (LME) stocks of tin have grown steadily over the summer months and have reached levels last seen in April 2020. Around half of the tin produced every year is used as a soldering material on circuit boards, linking usage to the fortunes of the consumer electronics sector. Global semiconductor sales from SIABOOM AND BUSTTin's fortunes are closely tied to the consumer electronics sector, which has experienced a remarkable boom-and-bust cycle over the last three years. That translated into a boom year for tin demand, usage growing by 7.6%, led by a 12.2% rise in the soldering sector, according to the International Tin Association. However, global semiconductor sales have registered small month-on-month increases since April and the year-on-year gap narrowed to 11.8% in July, according to the SIA.

Persons: Lockdowns, Boom, Barbara Lewis Organizations: PT Timah, REUTERS, London Metal Exchange, Shanghai Futures Exchange, SIA, Semiconductor, Semiconductor Industry Association, International Tin Association, World Semiconductor Trade Statistics, Wa State, Reuters, Thomson Locations: Mentok, Indonesian, Bangka, Myanmar, London, Shanghai, Wa, China

☆ What It’s Like to Be a 13-Year-Old Girl Today
▼ + stars: | 2023-09-20 | by ( Jessica Bennett | ) www.nytimes.com time to read: +3 min

London had a tough couple of days; she had been sent to the principal’s office for lashing out at a girl who had been mean to her by sending a text impersonating a boy that girl liked. I wanted to put a face to the alarming headlines about teens and social media — in particular, girls. Rachel Woolf for The New York Times AnnaThe long-term effects of social media on the teenage brain have not yet been defined, much less proven — which isn’t to say it’s all bad. Dee Dwyer for The New York Times LondonFor adults, it’s become common to name the things that make women more likely to face burnout and stress. But it is a snapshot of being 13 in the age of social media.

Persons: Anna, wouldn’t, Elaine Cromie, The New York Times Addi Anna, Addi, who’d, Rachel Woolf, The New York Times Anna, isn’t, ”, Mitch Prinstein, Dee Dwyer, it’s Organizations: The New York Times, American Psychological Association, The New York Times London Locations: Snapchat, London, Addi , Michigan, Colorado, London , Maryland

☆ Instacart stock subdued as debut enthusiasm loses steam
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Cheney Orr/File Photo Acquire Licensing RightsSept 20 (Reuters) - Grocery delivery app Instacart's stock (CART.O) fell nearly 5% in premarket trading on Wednesday, on course to join other new stock market entrants in failing to keep up with their strong gains on debut. Shares of San Francisco-based Instacart ended 12% higher in their Nasdaq debut on Tuesday, failing to hold onto an intraday gain of as much as 43%. The company's initial public offering on Monday had given it a valuation of nearly $9.9 billion. In August, it announced interest from PepsiCo (PEP.O), which has agreed to buy $175 million in preferred convertible stock. Reporting by Savyata Mishra and Niket Nishant in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Eric Cohn, Cheney Orr, Instacart, Alex Frederick, Frederick, Instacart's, Andrew Lipsman, Savyata Mishra, Niket, Devika Organizations: Safeway, REUTERS, Investors, San, Nasdaq, Walmart, Amazon, PitchBook, PepsiCo, Insider Intelligence, Thomson Locations: Tucson , Arizona, U.S, San Francisco, Bengaluru

☆ China VCs have a big problem — and it’s not just a drop in U.S. investor appetite
▼ + stars: | 2023-09-19 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Among China-focused investment firms, only four U.S. dollar-denominated venture capital funds established between 2015 and 2020 have at least returned investors all the money they put in. Alternative assets include venture capital, but not publicly traded stocks and bonds. Preqin doesn't track every single China VC fund, and only included those with data as of the end of last year or more recently. In the world of early-stage investing, "limited partners" (typically institutions) give money to "general partners" (venture capital funds) to invest into startups. The outperforming funds were: Loyal Valley Capital Advantage Fund I, Hillhouse Fund II, Oceanpine USD Fund I and HighLight Capital USD Fund II.

Persons: Preqin, —, Reuben Lai, “, Reuben Lai Preqin, they'd, Alex Shum, Preqin's Lai, there's, Lai, Jinjian Zhang, Vitalbridge, Zhang Organizations: Nurphoto, Getty, ., China VC, CNBC, Fengshion, Investment Fund, LYFE Capital, GGV, BioTrack, U.S, Capital, II, Sequoia, Sequoia Capital China Growth Fund, TPG NewQuest Locations: Shenzhen, China, BEIJING, That's, Preqin, Greater China, Beijing, IPOs, Vitalbridge, Shanghai

DENVER (AP) — Colorado State coach Jay Norvell said Monday that senior safety Henry Blackburn has been receiving death threats since his late hit that hospitalized Colorado two-way star Travis Hunter. It’s a football game. "This kid should be worried about going to school and getting ready to play football. Hunter tried to continue to play after the hit but was ruled out in the second half and was taken to a hospital. We certainly don’t want to see anybody get hurt.”Shedeur Sanders took exception to the blow by Blackburn along the Colorado sideline and confronted Blackburn.

Persons: Jay Norvell, Henry Blackburn, Travis Hunter, Blackburn, Deion Sanders, Norvell, Let’s, ” Norvell, I’ve, Henry, shouldn’t, Sanders, Hunter, “, ” Sanders, “ We’ve, He's, Shedeur Sanders, you've, he’s, “ It’s, Travis, ” Shedeur Sanders, ”, LeBron James, of Famer Champ Bailey, Bailey, Arnie Stapleton Organizations: DENVER, —, — Colorado State, Rams, Buffaloes, Southern Cal, Los Angeles Lakers, of Famer, Washington Commanders, Denver Broncos, AP Pro Football Locations: — Colorado, Colorado, who's, Boulder, It’s, Oregon, Eugene, Georgia

Search resuls for: "Lockdown"

25 mentions found