DIRS.INFO The most relevant business & tech news

☆ If you want a high-paying job and a more affordable house, move to the Rockies or the South
▼ + stars: | 2024-04-04 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In Utah, the share of residents in prosperous ZIP codes during the 2017 through 2021 period grew to 55% from 47% in the 2011 to 2015 period. During the 2017 to 2021 period, the share of residents in a prosperous ZIP code jumped to 39% from 19% during the 2011 to 2015 window. Mississippi has the largest share of residents in a distressed ZIP code, while the share in Louisiana rose by 10 percentage points. And in New York, the share of residents in a distressed ZIP code jumped to 20% from 12%.

Persons: —, Daniel Newman, Kenan Fikri, EIG Organizations: Service, Economic, Business, DCI, East South, Politico, New Locations: Idaho , Montana , Utah , Nevada, Georgia, South Atlantic, New England, Utah, Idaho, In Utah, Ogden, . Mississippi, Louisiana, New York, New York City, York City

☆ Disney reveals more on huge Magic Kingdom expansion, one part of a $60 billion investment
▼ + stars: | 2024-04-04 | by ( Natasha Chen | ) edition.cnn.com time to read: +9 min

Glendale, California CNN —Big Thunder Mountain Railroad, the “wildest ride in the wilderness,” sits at one edge of Disney World’s Magic Kingdom park, the most visited theme park in the world. “It’s probably the largest expansion ever at Magic Kingdom,” Michael Hundgen, Walt Disney World site portfolio executive, said Tuesday during a rare media event previewing new Disney attraction designs and technology at its Walt Disney Imagineering facility in California. Disney’s 10-year investment planThe Magic Kingdom expansion is one part of a $60 billion investment Disney has said it’s planning for its parks, cruises and experiences over the next decade. But any plans for expanding the theme park footprint at the Disneyland resort would need Anaheim city approval because of zoning issues. This is really a wild experience.”Charita Carter, executive creative producer at Walt Disney Imagineering, worked on the project from its inception about four years ago.

Persons: “ It’s, ” Michael Hundgen, Walt, Walt Disney, Bob Iger, Josh D'Amaro, Iger, “ it’s, Disney, ” Iger, ”, Mike Pucher, Walt Disney Imagineering Iger, Imagineers, Darth Vader, Imagineer Lanny Smoot, ” Smoot, Smoot, Christian Thompson, Stella Reese Chase, Leah Chase, Chase, “ I’m, I’ve, ” Charita Carter, Walt Disney Imagineering, Carter, “ Organizations: California CNN, Railroad, Disney, Magic Kingdom, Walt Disney, Walt, CNN, Universal Orlando Resort, Universal, Comcast, Anaheim City Council, National Inventors Hall of Fame, Research, Walt Disney Imagineering Research, Disneyland’s Locations: Glendale, California, ”, Central Florida, Disney’s Florida, Florida, Anaheim, New Orleans

Traders work on the trading floor at the New York Stock Exchange on April 5, 2024. Stocks rebounded Friday following the Dow Jones Industrial Average 's worst session in more than a year as traders cheered a stronger-than-expected jobs report and looked past a jump in rates. The 30-stock Dow climbed 307.06 points, or 0.8%, to settle at 38,904.04. The Dow slid 2.27%, posting its worst weekly performance in 2024. The Dow tumbled about 530 points, or 1.35%, on Thursday, marking its biggest daily drop since March 2023 and its fourth consecutive losing session.

Persons: Stocks, Dow, Nonfarm payrolls, Dow Jones, Jamie Cox, Neel Kashkari Organizations: New York Stock Exchange, Dow Jones, Nasdaq, Treasury, Labor, Federal Reserve, Harris Financial, Minneapolis Federal Locations: Minneapolis

☆ The world's biggest chipmaker just got hit by an earthquake. That could mean production delays for customers like Apple and Nvidia.
▼ + stars: | 2024-04-03 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

A powerful earthquake in Taiwan forced chip maker TSMC to suspend operations at some sites. That could mean production delays for companies like Apple, which relies on its chips. Worst-case scenario, disruptions to TSMC could mean production delays for its existing products and a later rollout of its new devices. AdvertisementApple and Nvidia didn't immediately return to requests for comment from Business Insider when asked how TSMC's production disruptions would impact their businesses. Analysts say halting production could also damage some of TSMC's most advanced chips, which require maintenance around the clock, further exacerbating production delays.

Persons: —, TSMC, Chris Miller, Nvidia didn't, Bum, Brian Tan, Miller Organizations: Apple, Bloomberg, Service, Taiwan Semiconductor Manufacturing, Nvidia, The New York Times, Business, Citi Group Locations: Taiwan, Hsinchu, United States

☆ Chasing the eclipse with sounding rockets and high-altitude planes
▼ + stars: | 2024-04-03 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

NASA will launch sounding rockets and WB-57 high-altitude planes to conduct research on aspects of the sun and Earth that‘s only possible during an eclipse. During the 2017 eclipse that crossed the US, NASA and other space agencies conducted observations using 11 different spacecraft and two high-altitude planes. Three sounding rockets will launch from NASA's Wallops Flight Facility on April 8 to study the eclipse. During the 2023 annular eclipse, instruments on the rockets measured sharp, immediate changes in the ionosphere. The jets have custom noses that can carry specialized scientific instruments.

Persons: Bill Stafford, Albert Einstein’s, Einstein, Sir Arthur Eddington, Allison Stancil, Barjatya, ” Barjatya, Peter Layshock, Amir Caspi, Layshock, ” Caspi Organizations: CNN, NASA, International Space, Embry, Riddle Aeronautical University, WB, NASA Airborne Science, Johnson Space Center, Southwest Research Locations: Mexico, United States, Canada, Brazil, West Africa, Virginia, Daytona Beach , Florida, Houston, Boulder , Colorado

☆ Warming Is Getting Worse. So They Just Tested a Way to Deflect the Sun.
▼ + stars: | 2024-04-02 | by ( Christopher Flavelle | Ian C. Bates | ) www.nytimes.com time to read: +1 min

A few seconds later, a device resembling a snow maker began to rumble, then produced a great and deafening hiss. A fine mist of tiny aerosol particles shot from its mouth, traveling hundreds of feet through the air. The scientists wanted to see whether the machine that took years to create could consistently spray the right size salt aerosols through the open air, outside of a lab. If it works, the next stage would be to aim at the heavens and try to change the composition of clouds above the Earth’s oceans. That has pushed the idea of deliberately intervening in climate systems closer to reality.

Persons: Matthew Gallelli crouched Locations: San Francisco Bay, United States

☆ Five stocks to buy and hold for the long term, according to the pros
▼ + stars: | 2024-04-02 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +8 min

CNBC Pro asked three fund managers for their stock picks to to buy now and hold for the longer term. The average price target for PepsiCo is $186.77, according to FactSet data, giving it potential upside of 6.7%. According to Factset data, of 30 analysts, 18 give the stock a buy or overweight rating while 12 have a hold rating. According to FactSet data, of 18 analysts, 14 give the stock a buy or overweight rating, three have a hold rating and one has a sell rating. The average price target for PDD is $180.12, according to FactSet data, giving it potential upside of 54.9%.

Persons: David Dietze, PepsiCo Dietze, Dietze, Bud Light, Michael Field, Edenred, Jason Hsu, Hsu, OpenAI, Elon Musk, Sam Altman, Greg Brockman, Altman Organizations: Wealth Management, CNBC Pro, PepsiCo, Coca Cola, Anheuser, Busch, Brussels Stock Exchange, New York Stock Exchange, Euronext Paris Stock Exchange, Microsoft, Rayliant Global Advisors, OpenAI, Nasdaq Locations: Belgian, U.S, South America, Europe, Edenred, China

☆ Mandarin Shipping on shipping outlook after Baltimore bridge collapse
▼ + stars: | 2024-04-02 | 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 EmailShipping will be more volatile, but has a 'remarkable ability' to bounce back: Mandarin Shipping CEOTim Huxley, CEO of the shipping investment company, discusses the outlook for global supply chains in the wake of the Baltimore bridge collapse.

Persons: Tim Huxley Organizations: Email Shipping, Mandarin Shipping Locations: Baltimore

☆ A lower-risk and cheaper way to bet on a second-quarter comeback in this emerging markets ETF
▼ + stars: | 2024-04-01 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

The MSCI All Country World Index ETF (ACWI) hit an all-time high last week. ACWI 5Y mountain iShares MSCI ACWI ETF (ACWI) This index would appear to give investors diversified exposure to stock markets around the globe. It includes developing countries, unlike the MSCI World Index, which is tracked by the ETF 'URTH.' Consequently, the US stock market comprises almost 71% of the URTH ETF and nearly 64% of the ACWI ETF. This is illustrated by the MSCI Emerging Markets Index which can be traded with the iShares ETF, 'EEM.'

Persons: —, ACWI, Rob Reiner, Miracle Max, Billy Crystal, EEM Organizations: Trust Locations: URTH, U.S

☆ UnitedHealth has a chance to bounce back, says Jim Cramer
▼ + stars: | 2024-04-01 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnitedHealth has a chance to bounce back, says Jim Cramer'Mad Money' host Jim Cramer takes a closer look at the laggards of the Dow Jones.

Persons: Jim Cramer, Dow Jones

☆ The market sees a less-than-50% chance of a June rate cut after hot factory data
▼ + stars: | 2024-04-01 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

Bond-market expectations of a June rate cut fell below 50% after strong factory data, according to Bloomberg data. ISM manufacturing data showed an expansion on Monday for the first time in 16 months. Inflation is in line with Fed hopes, but creates a "wait and see" situation for rate cuts, a former Fed official said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBond-market expectations of a June rate cut took a hit on Monday as new factory data pushed odds below 50%, according to Bloomberg data.

Persons: Bond, — Organizations: Bloomberg, Fed, Service, Business

☆ Comeback stories? These stocks have underperformed but are expected to do well
▼ + stars: | 2024-04-01 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Multiple stocks are lagging the market this year, but Wall Street says don't write them off yet — they could soon be due for a turnaround. With this in mind, CNBC Pro screened for stocks in the S & P 500 that might be positioned for a rebound this year. Shares were down 2.3% in 2024 thru the open Wednesday March 27, but the average price target implies around 22% upside potential, according to FactSet. Match was also highlighted as one of Goldman Sachs' favorite asset-light stocks earlier this month. According to the consensus analyst price target, the stock could rise 20.1%, per FactSet.

Persons: financials, Goldman Sachs, Fred Imbert Organizations: CNBC Pro, UnitedHealth, Caesars Entertainment, LSEG, Lines

☆ Robo-lawyer startup DoNotPay did something almost unheard of in Silicon Valley: It paid a dividend.
▼ + stars: | 2024-04-01 | by ( Melia Russell | ) www.businessinsider.com time to read: +6 min

In January, the legal startup DoNotPay sent more than $1 million to employees and investors in its first-ever dividend. He got the idea from one of his own angels, Sahil Lavingia, whose startup Gumroad issued a dividend last year. The expectation is that when a company sells or goes public, employees will cash in their shares for untold riches. Last year, the digital commerce startup Gumroad paid a dividend of $1 million across employees, investors, and thousands of crowdfunding backers. Cash rewardsBrowder said he wanted to offer a dividend to reward those employees and investors who bet on the startup early.

Persons: Joshua Browder, Browder, DoNotPay, it's, Sahil Lavingia, Josh Seidenfeld, Cooley, Steve Huffman, Spencer Platt, Seidenfeld, Lavingia, Andreessen Horowitz, Greylock, Dylan Field, Scott Belsky, Daniel Dines, Balaji Srinivasan, Cash, there's Organizations: Business, Big Law, Employees, Founders Fund, Adobe Locations: San Francisco

☆ Japan Is a Preview of China's Ugly Recession, Stock Market Crash
▼ + stars: | 2024-03-31 | by ( Linette Lopez | ) www.businessinsider.com time to read: +14 min

But Japan's economy — the long-unconscious patient — recently started to wiggle its toe. The country's stock market is ripping; the Nikkei recently exceeded the all-time highs it set 34 years ago. Now, Koo says, Chinese academics and policymakers are flocking to Japan to glean some kind of wisdom from the country's experience. Advertisement"This has made Japan attractive for foreign investors, and the stock market has done well," Koo said. Even without a currency war with Beijing, the world is building defenses against another wave of Chinese goods.

Persons: —, Goldman Sachs, there's, Nomura, Richard Koo, Koo, Shinzo Abe, Japan's, What's, it's, we're, haven't, Xi Jinping, doesn't, Xi, we've, Brasília Organizations: Nikkei, Goldman, Bank of Japan, Corporations, International Monetary Fund, Japan, Peterson Institute, European Union, China Locations: East Asia, China, Japan, Real, Tokyo, Beijing, Brussels, Brasília, American, Washington, Brazil, Turkey

☆ Japan stocks set to rebound, while most Asia-Pacific markets are closed
▼ + stars: | 2024-03-29 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

Employees work at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 4, 2024. Japan's stock markets were set to bounce Friday, while most markets in the Asia-Pacific region stay shut for a public holiday. Japan's Nikkei 225 is set to rebound, with the futures contract in Chicago at 40,440 and its counterpart in Osaka at 40,390 against the index's last close of 40,168.07. The Japanese yen will be closely watched during the session amid speculation of a possible intervention after the currency recently hit 34-year lows against the U.S. dollar at 151.97. It last traded near 151.42 against the greenback.

Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, Nikkei, U.S, greenback Locations: Tokyo, Japan, Asia, Pacific, Chicago, Osaka

☆ Positive open expected for European stocks as the region's markets bounce back
▼ + stars: | 2024-03-28 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a positive open Thursday, bouncing back from lackluster momentum earlier this week. Regional stocks closed slightly higher Wednesday, regaining steam after a subdued start to the session. On Thursday, investors will be keeping an eye out for earnings from Lloyd's of London and JD Sports Fashion will issue a trading update. German unemployment data and Italian consumer confidence data for March are due. Overnight in the Asia-Pacific region, Japan stocks fell the most among Asian markets Thursday, while Australian stocks hit a record high, helped by a boost from mining shares.

Organizations: London, JD Locations: Asia, Pacific, Japan

☆ Apple's bad quarter and what history says will happen next
▼ + stars: | 2024-03-28 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Apple is wrapping up a rough quarter, but history and Wall Street analysis show there is reason to expect a bounce ahead. Apple shares have typically risen following a quarter that ends down at least 10%, according to CNBC Pro data. 'Best bought on weakness' Despite the tough period, Wall Street sees reason for optimism ahead. Apple "is a stock best bought on weakness in general as they probably have the best, or one of the best management teams in the world," Mahoney said. In the median quarter following the losing one, shares jumped more than 14%.

Persons: jitters, Ken Mahoney, Apple, Mahoney, Ben Reitzes, Reitzes, Nicolas Cote, Colisson, Fred Imbert Organizations: Nasdaq, Apple, CNBC Pro, U.S . Department of Justice, Research, Vision, Mahoney Asset, Justice Department, HSBC Locations: China, C1H24

The biggest monthly bills Americans pay each month are mortgage, rent, and auto loans. AdvertisementThe biggest monthly bills Americans pay each month are mortgage, rent, and auto loans, according to the report. The other most common bills include utilities, auto insurance, cable and internet, mobile phones, health insurance, life insurance, and home security. Of those monthly bills, utilities, mobile phones, and health insurance have jumped the most in the last five years. AdvertisementThe most common monthly bills are just part of the picture for manyThese bills are just one piece of the picture showing the current cost of living.

Persons: Lynnette, Cox Organizations: Census Bureau, Resilience, Business Locations: Doxo

☆ '3 Body Problem' director says the 'pressure was huge' to represent Chinese history accurately on screen
▼ + stars: | 2024-03-26 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +12 min

"3 Body Problem" is a show about aliens — but before that, it's about a woman during the Cultural Revolution. AdvertisementNetflix's "3 Body Problem" is preoccupied with the far-flung reaches of the universe — but its moments of deep, historical specificity are where it thrives the most. BI spoke with the director about the pressure to authentically render Chinese history and virtual reality alike on screen. Ye Wenjie's father is beaten to death during a struggle session during the Cultural Revolution in "3 Body Problem." Derek Tsang on the "3 Body Problem" set with Jess Hong and camera operator Sean Savage.

Persons: Derek Tsang, Ye, Tsang, —, Liu Cixin's, David Benioff, Weiss, Alexander Woo, Oscar, Yu Guming, Tseng, Maria Heras, Zine Tseng, Ye Wenjie, Dave, Dan, Alex, you've, she's, It's, Ed Miller, it's, David, they're, Jess Hong, Sean Savage, Jonathan Freeman, Jonathan, Jin Cheng, We've Organizations: Service, Hong, Cultural, Netflix Locations: Hong Kong, Ye Wenjie's, Ye, London, David, China, American

☆ These stocks may have trouble living up to expectations for a big earnings turnaround this year
▼ + stars: | 2024-03-26 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

This in effect creates an 'implied' 2H of 2024 guidance that is perhaps excessively optimistic," CEO Adam Parker wrote Sunday. Parker's warning comes after S & P 500 reported earnings growth of 4.2% for the fourth quarter on a year-over-year basis, per FactSet. He also screened for stocks in which there's a big difference between earnings expectations for the first and the second half of the year. Parker surmises that these stocks may disappoint on these aggressive earnings turnarounds. Consensus estimates from analysts surveyed by FactSet suggest the stock, which is down nearly 5% this year, could gain 13.2% from Monday's close.

Persons: Adam Parker, Parker, AbbVie, FactSet, Wells Fargo, Estee Lauder Organizations: Research, Abbott Laboratories, Humana, Pharmaceutical, FactSet, Mondelez International, Procter, Gamble Locations: —, China, Monday's

☆ How shipping containers can make or break the global economy
▼ + stars: | 2024-03-26 | by ( Andrea Miller | In Dreajmiller | ) www.cnbc.com time to read: +4 min

The shipping container is a logistics marvel that can affordably move thousands of items from hundreds of different companies all around the globe. Supply chain disruptionsDisruptions to global trade can have major impacts on shortages and inflation, causing serious ramifications for American households and businesses. Indeed, inflation cooled alongside the bounce back of the supply chain, according to a White House analysis of the U.S. economy. [It's] an inefficiency born not of container shipping but just of the nature of the global economy." Watch the video above to learn more about how shipping containers enable global trade, why China dominates the shipping industry and what happens after a container shortage.

Persons: Simon Heaney, John Fossey, Good Hope, John McCown, nonresident, McCown, Goetz Alebrand, " Heaney, Heaney Organizations: Drewry, CNBC, Supply, Federal Reserve Bank of San, Center for Maritime Strategy, Federal Maritime Commission, Americas, DHL Global Locations: Federal Reserve Bank of San Francisco, U.S, Iran, Good, Africa, China, Ukraine, Asia

☆ Buy these 10 bank stocks now before the Federal Reserve cuts interest rates, according to Bank of America
▼ + stars: | 2024-03-24 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Plus, falling interest rates and continued economic growth would be tailwinds. The aforementioned catalysts are still in place — including interest rate cuts, as investors discovered a day earlier. Until then, the firm believes bank stocks can outperform into the first-quarter earnings season. 6 regional bank stocks worth buyingThe continued rally in financials will be powered in large part by regional banks, BofA believes. "We see the capital markets momentum continuing into 2025, which should drive investor interest in both stocks," Poonawala wrote.

Persons: Financials, Ebrahim Poonawala, Poonawala, BofA, Goldman Sachs, Morgan Stanley, Wells Fargo, Charlie Scharf, Jamie Dimon Organizations: of America, Business, Federal Reserve, Investors, Bank of America, First Bancorp, FNB Corp, Truist, US Bancorp, Western Alliance, JPMorgan, Wall, titans Locations: financials, Wells Fargo

☆ One Rolex model bucked the trend and had the biggest increase in value since last year
▼ + stars: | 2024-03-23 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

The frenzy for pre-owned Rolex watches peaked exactly two years ago, sending the market into a slump. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementIt has been a rough two years in the pre-owned Rolex market. Related storiesDesigned as a utilitarian pilot's watch, Rolex introduced the GMT in 1955 with a dedicated hand to track the 24 hours of the day. What's more, this watch is selling on the pre-owned market for around $21,000, or nearly twice its $10,700 retail price.

Persons: II, —, I'm, Carol Altieri, It's, Altieri Organizations: Rolex, Service, Pepsi, Bloomberg Locations: Swiss

☆ The Fed hasn't touched interest rates since July, but they're still moving. What that looks like for credit cards, mortgages and savings accounts
▼ + stars: | 2024-03-20 | by ( Gabriel Cortés | ) www.cnbc.com time to read: +4 min

It's one of the silver linings to the current rate environment, said Ted Rossman, chief credit card analyst at Bankrate. Credit cardsThe flip side to the positive environment for savers is the expensive credit card market: Consumers carrying balances on their cards face historically high rates. "The Fed is not going to come to your rescue on credit card rates," Rossman said. The Fed is not going to come to your rescue on credit card rates. Mortgage ratesWhile savings and credit card rates are very sensitive to maneuvers from the Federal Reserve, the area that might see the most movement is housing.

Persons: Ted Rossman, There's, Rossman, they've, they'd, Bankrate Rossman Organizations: Hinterhaus, Getty, U.S . Federal Deposit Insurance Corp, Federal Reserve

LONDON (AP) — Unilever, the company that makes Ben & Jerry’s ice cream, Dove soaps and Vaseline, said Tuesday that it is cutting 7,500 jobs and spinning off its ice cream business to reduce costs and boost profits. London-based Unilever said its ice cream business, which also includes Magnum bars, has “distinct characteristics” from its other brands and would benefit from separate ownership to increase growth. The British consumer goods company with 128,000 employees also said it is launching a “productivity program” that is expected to lead to a reduction of about 7,500 mostly office-based jobs worldwide. The company behind Hellman’s mayonnaise, Axe fragrances and Cif household cleaners said it is targeting underlying sales growth of mid-single digits after spinning off the ice cream business. It saw sales volume drop 3.6% in 2022 after jacking up prices 13.3% on average across its brands that year.

Persons: Hein Schumacher, ”, Richard Hunter Organizations: — Unilever, Unilever, London Stock Exchange Locations: London

Search resuls for: "Bounce"

25 mentions found