DIRS.INFO The most relevant business & tech news

☆ BMW cautiously optimistic on 2023, EV targets ahead of schedule
▼ + stars: | 2023-03-15 | by ( Victoria Waldersee | ) www.reuters.com time to read: +3 min

[1/2] A BMW SUV moves down the assembly line at the BMW manufacturing plant in Greer, South Carolina, U.S., October 19, 2022. The company said it planned to keep prices stable, after years of dealing with rising costs by passing them on to customers. "We see hydrogen-electric vehicles as a meaningful complement to e-mobility, even with something of a time lag," Zipse said. The BMW iX5 Hydrogen* test vehicle, with a range of 500 km (310 miles) and an ability to refuel in three to four minutes, was being tested in various countries, BMW said in a statement. ($1 = 0.9319 euros)Reporting by Victoria Waldersee; Additional reporting by Danilo Masoni; editing by Paul Carrel, Bradley Perrett, Tomasz Janowski and Christina FincherOur Standards: The Thomson Reuters Trust Principles.

☆ BMW promises stable prices, raises margin forecast for 2023
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: +2 min

The transition to battery-electric vehicles (BEVs) was moving faster than planned and it expected to reach its target of over 50% battery-electric vehicle share well ahead of its 2030 target, the company said. It forecast that the speed of growth in BEV sales, which doubled to more than 215,000 in 2022, to slow slightly this year to a high double-digit percentage. But by 2025, one in four new sales should be battery-electric, rising to one in three by 2026, according to Wednesday's forecast - a big leap from the one in 11 ratio seen last year. Almost half of cash flow came from a cash contribution from Chinese joint venture BMW Brilliance Automotive. BMW proposed a dividend to shareholders of 8.50 euros, up from 5.80 a year earlier.

☆ Silicon Valley Bank seizure leaves a massive hole — and a large opportunity — in the world of climate finance
▼ + stars: | 2023-03-15 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +7 min

"Nobody understands startups as well as Silicon Valley Bank and how to lend to them," says Zachary Bogue, a long-time tech investor and cofounder of DCVC. "Silicon Valley Bank understood that even though we may have only had $10,000 or so in deposits at the time, we had a lot of potential," Clerico told CNBC. "That early investment in our relationship paid off," Clerico told CNBC. In this, the bank "was a climate bank pioneer," said Steph Speirs, co-founder and CEO of Solstice Power Technologies, which has built a technology to help connect people to community solar projects. But it will take some time, and delays can be costly in the fight against climate change," Bhatraju told CNBC.

☆ Here's how a Trump indictment would play out: Yes, he'll be fingerprinted. No, he probably won't be handcuffed.
▼ + stars: | 2023-03-15 | by ( Laura Italiano | ) www.businessinsider.com time to read: +12 min

Here are predictions for how this historic event would roll out, courtesy of some of Manhattan's top defense lawyers, former high-ranking prosecutors, and a retired Secret Service special agent. "They can tell the foreperson come back two weeks from Wednesday, or something," to sign the revised indictment, Florence said. There can always be a leak, of course, somewhere between indictment and arraignment, which is the court proceeding where Trump would plead not guilty. But even if Trump does need to surrender in person, Secret Service would likely give the perp walk a hard pass. "That walk is not going to happen," said Pickle, the former Secret Service special agent.

☆ Silicon Valley Bank blowup highlights deposit risks vs Treasurys
▼ + stars: | 2023-03-10 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

The dramatic decline of Silicon Valley Bank (SVB) has caused concerns about contagion risk. The bank is a major lender to Silicon Valley venture capital funds and startups. Startup firms have seen a dramatic slowdown in growth as higher rates have hurt their ability to grow and raise funds. Those startups have been burning through cash at a rapid clip, which means they have also been reducing the size of their bank accounts. This has created some serious collateral damage in regional banks such as Zions, M & T Bank and Keycorp, but how much contagion risk is there?

☆ SVB Financial issues are unlikely to spread to other banks, Wall Street analysts say
▼ + stars: | 2023-03-10 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

The capital issues at SVB Financial sparked a sell-off among bank stocks on Thursday, but the tech-focused bank's woes will likely not be a preview of wider issues in the banking system, according to Wall Street analysts. KBWB 5D mountain Bank stocks fell sharply on Thursday. Morgan Stanley analysts Manan Gosalia and Betsy Graseck echoed that sentiment, saying in a note that the issues at hand appeared to specific to SVB. "Current pressures facing SIVB are highly idiosyncratic and should not be viewed as a read-across to other banks we cover. RBC analyst Gerard Cassidy said that banks without large retail customer bases could be in for a rocky period.

☆ Analysts downgrade SVB Financial as uncertainty around tech-focused bank looms
▼ + stars: | 2023-03-10 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Several Wall Street research firms downgraded SVB Financial after shares of the tech-focused bank plunged more than 60% during the previous trading session. King also lowered his price target to $100 from $174, which implies a 6% decline from Thursday's close price. The analyst expressed concern that the proposed capital raise would potentially be followed by more in the future. Long also removed his price target, which was previously $375. It had previously issued an outperform rating and price target of $360 per share.

☆ Swedish c.bank's Bunge says hike of 25 or 50 points in April still the main scenario
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: 1 min

STOCKHOLM, March 9 (Reuters) - Swedish inflation is too high but an interest rate hike of either 25 or 50 basis points in April is still the main scenario, Deputy Riksbank Governor Aino Bunge said on Thursday. "Right now that is what I envision, but we will see when we approach that meeting," Bunge told reporters. Reporting by Johan Ahlander, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

☆ Maggie Haberman says Trump is 'stronger than people think' and Democrats should be cautious about pining for a rematch
▼ + stars: | 2023-03-08 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

"I do think that he is stronger than people think," Haberman said on a recent podcast. Trump has called Haberman "like my psychiatrist" and the veteran Times reporter wrote a lengthy biography about the former president. She ticked off a list of reasons why Trump remains a formidable force in the GOP, including his committed base of supporters even if that support has eroded. Haberman added out that even after the January 6 Capitol riot, a segment of the Republican Party remains behind Trump. "There are plenty of Democrats that you and I know that are rooting for Trump to be the nominee, because they think he will be the easiest for President Biden to beat," she said.

☆ Tiny homes, big problems
▼ + stars: | 2023-03-06 | by ( Daniel Geiger | Alex Nicoll | ) www.businessinsider.com time to read: +21 min

Beyond their star appeal, low-cost tiny homes like Casitas have real-world utility. The homes have been seized upon as a solution for cities like Los Angeles to house the homeless. They showed off their homes' transportability by hitching several of them to a Tesla and filming drag races between Teslas and trucks that were hooked to trailers carrying the homes. So far, though, after a little more than a year of building, the company has fabricated only about 400 homes. Even if it were churning out thousands of units, Boxabl hasn't yet received the certifications required to sell them in most states across the country.

Thousands of other Islamic State fighters are in detention facilities guarded by Kurdish-led Syrian Democratic Forces, America's key ally in the country. American officials say that Islamic State could still regenerate into a major threat. Four U.S. troops were wounded during a helicopter raid last month when an Islamic State leader triggered an explosion. U.S. Army Major General Matthew McFarlane, who commands the U.S.-led coalition against Islamic State in Iraq and Syria, described attacks against U.S. forces as a "distraction from our main mission." McFarlane cited progress against Islamic State, including through the reduction in the numbers of internally displaced people at refugee camps -- a pool of vulnerable people who could be recruited by Islamic State.

☆ Fed's Barkin says he could see rates at 5.5%-5.75%
▼ + stars: | 2023-03-03 | by ( ) www.reuters.com time to read: +1 min

PALO ALTO, California, March 3 (Reuters) - Richmond Federal Reserve Bank President Thomas Barkin said on Friday that he could envision a scenario where the central bank pushes the U.S. benchmark policy interest rate to the 5.5%-5.75% range that some in financial markets are now betting it will. Barkin said it's "entirely possible" that inflation cools faster than he expects, which would imply a shallower rate path. "But I think it's entirely possible that it persists, which would require us to do more," he added. By this time next year, Barkin said, he does not expect the Fed to have started any rate cuts. Reporting by Ann Saphir; Editing by Leslie Adler and Alistair BellOur Standards: The Thomson Reuters Trust Principles.

☆ 17 women founders innovating in the creator economy, with startups from Tezza to Fanhouse
▼ + stars: | 2023-03-03 | by ( Marta Biino | Shriya Bhattacharya | ) www.businessinsider.com time to read: +3 min

Insider is highlighting 17 female founders of popular startups, like Hashtag Pay Me and Roster. These trends have created a difficult climate for women founders in the creator economy, most notably first-time entrepreneurs who are actively fundraising. "The creator economy is largely influenced and run by women but creator-economy startups — especially startups that have received funding — are all run by men," she said. Insider is highlighting 17 women founders who have launched successful startups that are helping remedy problems in the creator economy. Here are 17 women founders within the creator economy, listed alphabetically by company:

☆ Wendy's is once again slashing plans for ghost kitchen locations — delivering a blow to struggling Reef Technology
▼ + stars: | 2023-03-02 | by ( Nancy Luna | ) www.businessinsider.com time to read: +4 min

Wendy's had plans to open 700 locations through ghost kitchen operator Reef Technology. Wendy's Chief Financial Officer Gunther Plosch confirmed the chain's restaurant-growth projection is down as a result of slashing its ghost kitchen strategy. Wendy's said it currently has 16 Reef locations in the UK. At its peak in mid-2021, the SoftBank-backed startup operated more than 330 food trailers in the US and abroad. Jack in the Box ended its ghost kitchen partnership with Reef Technology in 2022.

☆ Nissan raises global EV targets; to boost U.S. input
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

Nissan now aims to have electrified vehicles - which include its advanced hybrid e-power cars - make up over 55% of global sales by fiscal 2030, up from a previous goal of 50%, it said. The EV mix will increase to 44% by fiscal 2026 from an earlier target of 40%, Nissan said. REUTERS/Mike BlakeThe automaker plans 27 new electrified vehicles by that year, 19 of which will be all-battery EVs, it said in a statement. That compared with its previous plan of 23 electrified vehicles including 15 all-battery EVs. Nissan is confident it will be in compliance with the Act due to the localisation of battery production starting from 2026.

☆ Hyperloops, supersonic jets and electric aircraft: Here’s what transport could look like by 2050
▼ + stars: | 2023-02-27 | by ( Michelle Cohan | ) edition.cnn.com time to read: +7 min

CNN recently spoke with Malek about what travel will look like by 2050. CNN: Do you think supersonic air travel will return to the skies? Malek: So we’ve seen supersonic planes in the past and I do think we’ll see supersonic planes in the future. So now it’s no longer just a question of will we see supersonic planes, but will they be fueled by net zero carbon fuels? Historically, we’ve started with ‘what do cars need, what do planes need?’ But planes and cars are here just for us.

Persons: Michigan CNN —, Henry Ford, Alisyn Malek, Malek, we’ll, We’re, Volocopter, Hyperloop, it’s, What’s, we’ve Organizations: Michigan CNN, ”, CNN Locations: Detroit, Michigan, City, Detroit , Michigan, Paris, France

☆ All investors need a worldview. Here's mine and how to think about developing your own
▼ + stars: | 2023-02-26 | by ( Jim Cramer | ) www.cnbc.com time to read: +23 min

You need to know what you think will happen and then you can insert stocks into that worldview. I think this view, which Jay cares and is most likely going to get it right, is fundamental to my worldview. I think that's an absurd tradeoff and those who are making it, those who own 10-year Treasurys, are sorely ill-advised. Fortunately, I don't think the Fed has to go that far to break the trio. The companies you think might not make it I think aren't going to make it because they won't be able to raise cash.

☆ Britain's V&A museum secures David Bowie archive, will make public in 2025
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +2 min

LONDON, Feb 23 (Reuters) - London's V&A museum said on Thursday it had secured the archive of late music star David Bowie for the nation, acquiring more than 80,000 items spanning his career that will be made available to the public from 2025. The museum, which hosted the critically acclaimed "David Bowie Is" exhibition in 2013, will open The David Bowie Centre for the Study of Performing Arts at its V&A East Storehouse in east London, where fans, school pupils and researchers will be able to gain insight into the pioneering British singer-songwriter's creative process. "The archive is fascinating, it follows David Bowie's career and his life was art," Kate Bailey, senior curator and producer, theatre and performance at the V&A, told Reuters. "With David’s life’s work becoming part of the UK’s national collections, he takes his rightful place amongst many other cultural icons and artistic geniuses," a spokesperson from the David Bowie Estate, said in the V&A statement about the acquisition. The museum said it secured the archive and could create the new centre thanks to the David Bowie Estate and a 10 million pound ($12 million) donation from the Blavatnik Family Foundation and Warner Music Group.

☆ Goldman Sachs upgrades Nvidia, says A.I. growth should help drive outperformance
▼ + stars: | 2023-02-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Goldman Sachs is getting more bullish on shares of Nvidia after the chipmaker posted a slight revenue and net income beat, driven in part by demand for artificial intelligence chips. Analyst Toshiya Hari upgraded shares to buy from neutral, saying that growing AI adoption should assert Nvidia's dominance in the space as customers lean on already available enterprise options. Shares of Nvidia were last up more than 12% before the bell Thursday, positioning the semiconductor company to build on its 42% gain this year. Despite near-term headwinds, Hari thinks Nvidia's gaming business is beginning to normalize, having reached a bottom. NVDA 1D mountain Nvidia shares jump on earnings report — CNBC's Michael Bloom contributed reporting

☆ S&P 500 index seen climbing 5% by end of 2023: Reuters poll
▼ + stars: | 2023-02-22 | by ( Sinéad Carew | ) www.reuters.com time to read: +3 min

The S&P 500 was expected to end 2023 at 4,200 points, which would amount to a 9.4% increase for the calendar year, according to the median forecast of 42 strategists polled by Reuters. After falling 19.4% in 2022, the S&P 500 index is up 4.1% for the year so far. S&P valuations have fallen but still above 20-year averageAs of Feb. 17, Wall Street's expectation for S&P earnings growth for 2023 has fallen to 1.6% from an expected 4.4% on Jan. 1, according to Refinitiv. But while Sandven's year-end S&P 500 target doesn't depend on interest rate cuts he said "it does depend on moderating inflation and improved earnings visibility". Strategists had expected the Dow to end 2023 at 36,500, according to a November poll.

☆ S&P 500 index seen climbing 5% by end of 2023
▼ + stars: | 2023-02-22 | by ( Sinéad Carew | ) www.reuters.com time to read: +3 min

☆ The worst is over for stocks but the bull market is 'stuck in traffic', Wells Fargo says
▼ + stars: | 2023-02-14 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

US stocks have rebounded in 2023, with the benchmark S&P 500 advancing almost 8%. "We see neither a bull nor a bear market, just a market," analysts said. "We see neither a bull nor a bear market, just a market," a team of analysts led by Chris Harvey wrote in a Monday research note titled "Bear Exits, but Bull Stuck in Traffic". Wells Fargo pointed to a narrowing in investment-grade credit spreads as one sign that the bear market is coming to an end. Read more: Stocks are back in a bull market as global economic outlook is improving, says market veteran Ed Yardeni

☆ 4 ways to re-engage employees who have checked out at work, according to an HR consultant
▼ + stars: | 2023-02-10 | by ( Elle Hardy | ) www.businessinsider.com time to read: +6 min

He recommends pulse surveys and scaling questions to help work through employee engagement issues. Encourage employees to write personal mission statementsI'm a big advocate of organizations getting employees to write personal mission statements. A personal mission statement defines an employee's values, who they are, and how they define success. When employees feel they have a clear purpose at work and believe their leaders set clear directions and expectations, companies' bottom lines benefit, too. In one case I worked with, incorporating personal mission statements into the hiring process helped the recruitment team find candidates who were aligned with company values and fully committed to their roles.

☆ A millennial who got laid off from her dream job says she doesn't feel betrayed: 'The company has already moved forward and you need to do so too'
▼ + stars: | 2023-02-09 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Michelle Valera, 28, got laid off from her "dream job" a few weeks ago. But she says she doesn't feel "betrayed" because the company is not her family. But despite all this, she says she doesn't feel "betrayed" by her former employer and thinks others shouldn't feel this way either — at least for too long. "Feel angry, feel sad, feel betrayed for a day, for two days maybe, but then let it go and move forward because the company has already moved forward and you need to do so too for your own financial benefit." With anger towards the company, it doesn't help them move forward."

☆ Biden's stock buyback tax isn't working. In State of the Union, he's asking Congress for more
▼ + stars: | 2023-02-07 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +14 min

In September 2021, Sen. Sherrod Brown (D-Ohio) and Sen. Ron Wyden (D-Oregon) proposed that stock buybacks should be taxed at 2%. Lazonick, who thought any minor buyback tax would be ineffective, says he has been proven correct. If a higher buyback tax is enacted, he is betting it will not have the outcomes that Democrats envision. While it's hard to see a higher tax getting passed in the current Congress, it does make sense for Biden to state his desire for 4%. Changing a buyback tax, though, might first prove harder.

Search resuls for: "EnVision"

25 mentions found