DIRS.INFO The most relevant business & tech news

☆ Nasdaq falls after Alphabet's earnings miss ignites worries about Big Tech's digital ad sales
▼ + stars: | 2022-10-26 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Nasdaq stock futures fell 1.5% in premarket Wednesday after Alphabet missed on earnings and revenue. YouTube's first-ever drop in ad revenue helped spark worries for 3Q Big Tech financial results this week. YouTube missing its targets could be a bad sign for other tech giants' digital ad revenue prospects, according to strategists. Other mega-cap tech stocks fell on the digital ad slowdown fears before the opening bell, with Meta Platforms and Amazon both dropping about 3.5%. Read more: Alphabet's earnings report confirmed a big ad spending slowdown, and that bodes poorly for Meta

☆ Xi Jinping just became unassailable. Here’s why investors are running scared
▼ + stars: | 2022-10-26 | by ( Laura He | ) edition.cnn.com time to read: +8 min

Xi’s preference for personal loyalty over technocratic competence bodes ill for China’s already bleak economic outlook, analysts said. “In effect, Xi Jinping establishes an echo chamber around his own ideas,” she said. People watch the opening session of the 20th Chinese Communist Party Congress in Huaibei, in China's eastern Anhui province. Li Qiang, the party boss of Shanghai who presided over the city’s chaotic two-month lockdown, is now the second-highest ranking party official after Xi. The NDRC is China’s top economic planner, responsible for drafting the country’s economic plans and overseeing major state investment projects.

☆ Alphabet's earnings report confirmed a big ad spending slowdown, and that bodes poorly for Meta
▼ + stars: | 2022-10-25 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

Google's ad revenue fell by nearly $2B compared to the previous quarter, proving a slowdown in the ad marketThe disappointing results are a "bad omen" for digital advertising companies at large, including Meta. On Tuesday, Alphabet reported that Google's third-quarter advertising revenue fell sequentially by nearly $2 billion compared to this year's second quarter. "When Google stumbles, it's a bad omen for digital advertising at large," said Evelyn Mitchell, principal analyst at Insider Intelligence, a research firm owned by Insider's parent company. To be sure, Google's weaker-than-expected results could signal trouble for Meta, which has already reported slowing advertising revenues in previous quarters. However, Google's disappointing results were not the first sign of the continued digital ad slowdown.

☆ China’s New Guard Bodes Change for Beijing’s Interaction With the West
▼ + stars: | 2022-10-24 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

Chinese leader Xi Jinping, left, and members of China’s new leadership team appear for a photo in Beijing. The changing of the guard in China will likely alter how Beijing interacts with the rest of the world, especially the West. Gone from the new leadership are the pro-market pragmatists who for decades helped pilot the country’s integration into the global economy. Instead, Xi Jinping is starting his third term in power with a slate of senior Communist Party apparatchiks known for their loyalty to the supreme leader.

Baker is the first oilfield services firm to report quarterly results, and its beat bodes well for rivals Schlumberger (SLB.N) and Halliburton (HAL.N), both of which report in coming days. On an adjusted basis, Baker Hughes posted a profit of $264 million, or 26 cents a share, up from $141 million a year earlier. The profit topped analysts' forecasts for around 24 cents per share, according to Refinitiv data. The company anticipates double-digit revenue growth in its international oilfield services business in 2023 and modest growth in its North America business, driven largely by public firms. Its oilfield business segments accounted for about 63% of its revenue during the quarter through September.

☆ Hasbro defines discretionary
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Oct 18 (Reuters Breakingviews) - Hasbro (HAS.O) toys are absolutely, positively not essential. Chief Executive Chris Cocks partly attributed the decline to over-ordering in the second quarter. Take the gains in that quarter and move them to the third quarter, and sales would’ve still fallen 14% year-over-year. Meantime prices are rising dramatically, and though Hasbro tried to pass on some of those costs, people in the market for Magic: The Gathering and Play-Doh pulled back spending. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Today's inflation picture bodes well for 'very neglected' small, micro-cap stocks, says Nancy Prial
▼ + stars: | 2022-10-14 | 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 EmailToday's inflation picture bodes well for 'very neglected' small, micro-cap stocks, says Nancy PrialNancy Prial, Essex Investment Management co-CEO, joins 'The Exchange' to discuss which sectors within small caps Prial likes, tailwinds for the small-cap complex, and how much earnings estimates need to come down.

☆ Cowen upgrades Delta as travel recovery continues, says shares can rally nearly 80%
▼ + stars: | 2022-10-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Delta Air Lines ' shares are due for takeoff as the industry's recovery continues its rebound from pandemic lows, Cowen says. Analyst Helane Becker upgraded shares of the airline to outperform from market perform, saying in a note to clients Friday that increased business and international travel as pandemic restrictions ease should provide solid tailwinds for Delta moving forward. Cowen's $54 price target suggests shares can rally about 78% despite dropping more than 22% this year. Along with the upgrade, Cowen upped its 2022 and 2023 earnings per share estimates to $2.84 and $7, respectively. Airline stocks suffered during the early days of Covid-19 as lockdowns halted most travel and resurging cases dented consumer appetite.

A preferred solution is to accelerate the energy transition by adding more renewable generation, and crucially, more storage to smooth out the inherent variability of technologies such as wind and solar. At the 121 Mining Investment conference in Sydney on Wednesday the problems were put into focus by the group largely being neglected in the energy transition, the miners and project developers. None of this bodes well for increasing the speed of the energy transition. Register now for FREE unlimited access to Reuters.com RegisterEditing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Russia is scraping the bottom of the manpower barrel in order to hold off Ukraine's advance
▼ + stars: | 2022-10-11 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Members of the German Volkssturm march during their swearing-in ceremony in Berlin on November 12, 1944. While Russia still has a military draft, only about 30% of its troops are conscripts, with the remainder contract soldiers. Arkady Budnitsky/Anadolu Agency via Getty ImagesHence, Putin signed an executive order for partial mobilization on September 21. But the hundreds of thousands of Russian men fleeing the country know better. Those new Russian soldiers will receive barely any training.

☆ Blackstone converts Indian property to safe haven
▼ + stars: | 2022-10-06 | by ( Una Galani | ) www.reuters.com time to read: +3 min

MUMBAI, Oct 6 (Reuters Breakingviews) - A global downturn could boost demand for Indian real estate. The investor-cum-landlord led by Steve Schwarzman has played a big role in developing a local market for real estate investment trusts. Now it’s preparing to float a collection of glitzy shopping malls in what would be only the country’s fourth publicly traded REIT. Indian real estate trusts outperform U.S. peersFollow @ugalani on Twitter(The author is a Reuters Breakingviews columnist. On Sept. 27, Blackstone raised $325 million from selling an 8.1% stake in Embassy Office Parks REIT, per IFR.

British Pound Sterling and U.S. Dollar notes are seen in this June 22, 2017 illustration photo. Deutsche Bank's Currency Volatility Index – the historical volatility index of the major G7 currencies - jumped to a two-and-a-half year high of 13.55 on Monday. While Sterling and the yen have fared extremely poorly against the dollar, the greenback's meteoric rise has spared no major currency. Reuters GraphicsMoves have surprised long-time currency traders and investors. "Our team is working around the clock from multiple global locations," said Kamboj, adding he is not trading sterling because the pound's direction now depends entirely on how the Bank of England reacts.

☆ Russia's ramped-up gas squeeze means an even deeper recession for Europe — and a sharp winter will pile on the pain, Deutsche Bank warns
▼ + stars: | 2022-09-24 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Russia's indefinite shut-off of a key natural gas pipeline has intensified Europe's energy crisis. In July, Russia's Gazprom slashed its natural gas deliveries to Europe via the Nord Stream 1 pipeline to 20% of capacity. Lower gas supply has sent European natural gas prices soaring, with benchmark Dutch TTF futures up 128% since the start of June. And there could be further pain ahead for Europe this winter if there's a severe cold snap, Deutsche Bank warned. While things might improve in the medium term, there will still be tight gas supply and high prices, they said.

☆ Costco exec says some costs are falling and he sees a 'light at the end of the tunnel'
▼ + stars: | 2022-09-23 | by ( Áine Cain | ) www.businessinsider.com time to read: +2 min

Richard Galanti said that there is now a "light at the end of the tunnel" in regards to inflation. Sign up for our newsletter to receive our top stories based on your reading preferences — delivered daily to your inbox. Cowen and Company analyst Oliver Chen asked specifically about the "light at the end of the tunnel," regarding the initial signs that inflationary pressures are weakening. He said that once freight and raw material costs started to decline, Costco was proactive about asking suppliers for price reductions. "But all in, pressures from higher commodity prices, higher wages and higher transportation costs and supply chain disruptions, they're still present, but we are seeing just a little light at the end of the tunnel," he said.

Over the last decade, the rise of internet giants like Tencent (0700.HK) exposed the flimsiness of the stereotype. “Influence Empire: Inside the Story of Tencent and China’s Tech Ambition” by Lulu Yilun Chen tracks the company’s evolution into a $350 billion social media and gaming behemoth. The backlash also undermined confidence in China’s private tech sector. U.S. venture capital investment has dwindled, and even Chinese tech investors are now venturing abroad. Follow @ywchen1 on TwitterCONTEXT NEWS“Influence Empire: Inside the Story of Tencent and China’s Tech Ambition”, by Lulu Yilun Chen, was published by Hodder & Stoughton on July 14.

☆ Costco tops quarterly results on robust consumables demand
▼ + stars: | 2022-09-22 | by ( Ananya Mariam Rajesh | ) www.reuters.com time to read: +2 min

A Costco truck makes a delivery to a Costco store in Carlsbad, California, U.S., May 8, 2017. REUTERS/Mike Blake/File PhotoRegister now for FREE unlimited access to Reuters.com RegisterSept 22 (Reuters) - Costco Wholesale Corp (COST.O) topped Wall Street estimates for quarterly results on Thursday, helped by strong demand for its fresh food, candies and fuel offerings despite rising inflation. Register now for FREE unlimited access to Reuters.com RegisterThe membership-only retail chain's strong quarterly results comes at a time when Target Corp reported a fall in quarterly profit as consumers squeezed by higher prices curtailed spending on non-essential items. "That bodes well, since they sell a lot of food and consumables and they help people save money." Register now for FREE unlimited access to Reuters.com RegisterReporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Cramer says 3 recent trends in tech show the Fed's push against inflation is working
▼ + stars: | 2022-09-22 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday said that based on his conversations with CEOs, tech companies are feeling the Federal Reserve's push against inflation. Cramer said that the tech executives he spoke to said they haven't had trouble finding talent. Cramer said that this bodes well for the Fed's quest to stamp out inflation, including wage inflation. The best tech companies have to reinvent themselves on the fly. He also reiterated that all the issues tech companies currently face are part of Fed Chair Jerome Powell's plan to cool down inflation.

☆ Marvell CEO tells Jim Cramer: We're doing much better than our stock price suggests
▼ + stars: | 2022-09-21 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

"The long-term opportunity for this company ... is tremendous because if you think about the end markets that we participate in — forget about share gain, forget about new product cycle. Just look at the end markets," Murphy told Jim Cramer in an interview. "The end markets, they have a big determination on a company's performance, especially in a cycle like this," he added. Automotive Automotive/industrial is the smallest of the five end markets for which Marvell reports results. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Apple may be seeing a demand split for iPhone 14 models, Bank of America says
▼ + stars: | 2022-09-19 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

There is a divergent picture of demand developing for Apple 's newest lineup of iPhones, according to Bank of America. But that appetite does not appear to exist down the lineup, where the iPhone 14 and iPhone 14 Plus have shrunken wait times compared with prior years. This could be driving customers to shift into the iPhone 14 Pro/Pro Max models which bodes well for mix and ASP, in our opinion. However, this might also suggest weaker demand overall for iPhone 14, which could be concerning," Mohan wrote. That change and component shortages could be impacting the year-to-year comparisons of shipping times, Mohan cautioned.

☆ FedEx inflamed recession fears. These are our least economically sensitive stocks
▼ + stars: | 2022-09-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +12 min

FedEx hasn't exactly been a perfect company in recent years, and Subramaniam acknowledged to Jim that FedEx needs to get its own house in order. However, the traditional recession playbook involves selling energy stocks due to fears of demand collapsing. Mixed bag The stocks discussed here have a mixture of economically resilient and sensitive characteristics to them, such as Microsoft (MSFT) and Apple (AAPL). (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ I feel I am falling through the cracks at work. Is it time to find another job?
▼ + stars: | 2022-09-14 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

I'm a Gen Z employee at a large company and I am a little over a year into my first full-time, professional job after college. Over the past few months, two members of my team have left the company and they're not being replaced. In the current market, I feel like my team could be on the chopping block if my company conducts lay-offs. On the other hand, because I love my team and the work I do, I want to stay and try to make it better. On the other hand, though, it never hurts to start passively looking for a new job while you remain employed.

☆ Electronic Arts won’t be a multiplayer M&A game
▼ + stars: | 2022-08-26 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, Aug 26 (Reuters Breakingviews) - Electronic Arts (EA.O) is a tempting target but finding the right players might be harder to master. On Friday, CNBC reported that Amazon.com (AMZN.O) is not expected to make a bid for the video-game maker read more , knocking down an earlier report about a potential deal. Still, it’s not hard to see why the publisher behind the FIFA franchise could be in play. Microsoft’s $69 billion move for Activision Blizzard (ATVI.O) bodes well for EA read more . On the same multiple applying estimated EBITDA for the fiscal year ending March, it would imply that EA is worth over $50 billion.

☆ Kevin Hart sold a $100 million stake in his media company to private equity firm Abry. Here are 10 more Hollywood production shops that are hot M&A targets.
▼ + stars: | 2022-05-19 | by ( Natalie Jarvey | Elaine Low | Madeline Berg | ) www.businessinsider.com time to read: +12 min

Abry Partners' $100 million stake in Kevin Hart's company HartBeat is the latest big M&A move in Hollywood. Dealmakers said production companies are valuable amid the streaming wars and demand for content. The M&A activity had top Hollywood dealmakers telling Insider in early 2022 that practically every independent production company is a target. Many production companies make work-for-hire or don't control the rights to a project once it is sold off to a studio distributor. Based on January interviews with five entertainment industry experts and insiders, Insider identified a list of 10 production companies that could be compelling acquisition targets as M&A activity continues.

Search resuls for: "bodes"

23 mentions found