DIRS.INFO The most relevant business & tech news

Feb 15 (Reuters) - The founder of WallStreetBets, which has been credited with helping ignite investors' frenzy into "meme" stocks, sued Reddit Inc on Wednesday, accusing it of wrongly banning him from moderating the community and undermining his trademark rights. According to the complaint filed in federal court in Oakland, California, Rogozinski applied to trademark "WallStreetBets" in March 2020, one month before his ouster, when the community reached 1 million subscribers. "Jamie was removed as a moderator of r/WallStreetBets by Reddit and banned by the community moderators for attempting to enrich himself. Meme stocks typically gain popularity through discussions, often among inexperienced investors, in online forums such as WallStreetBets and Twitter. The case is Rogozinski v Reddit Inc, U.S. District Court, Northern District of California, No.

☆ My family owned a Chinese takeout restaurant. Here are 9 things we wished customers knew to avoid being offensive or inconsiderate.
▼ + stars: | 2023-02-14 | by ( Su-Jit Lin | ) www.businessinsider.com time to read: +11 min

Food writer Su-Jit Lin grew up working in her parents' American Chinese kitchen. Double meat is paid for unflinchingly at the likes of Chipotle; why should Chinese takeout be any different? Plus, the Chinese takeout restaurant industry is competitive, and offering good bang for your buck is often what the owners are convinced help them survive. This is a common formula for Chinese takeout across America. Don't order too close to opening or closing timeA lot of American Chinese food depends on our prep being hot and ready.

☆ Why Is Every Player in College Basketball Suddenly So Old?
▼ + stars: | 2023-02-13 | by ( Laine Higgins | ) www.wsj.com time to read: 1 min

There once was a time in college basketball when the best teams had locker rooms full of veterans, while the best high school prospects would skip right over college for the professional ranks. It was true in the late 1990s and, unexpectedly, it’s true again in 2023. This season there is a glut of upperclassmen, like Gonzaga senior Drew Timme and Houston senior Marcus Sasser, sticking around campus for extra years. At the same time, the top young talent, like identical twins Amen and Ausar Thompson, has been siphoned off by alternative leagues, like the NBA’s developmental G-League Ignite and Overtime Elite.

CNN —SpaceX just attempted to ignite all 33 engines in a test fire of its gargantuan Super Heavy rocket booster. The Super Heavy booster started its engines for less than 10 seconds while still strapped to the launchpad. Only 31 engines were lit, however, SpaceX CEO Elon Musk confirmed Thursday in a tweet. SpaceX conducted the test fire without the Starship spacecraft mounted on top of the booster. It should be noted that SpaceX is still awaiting a license from the Federal Aviation Administration to move forward with an orbital flight test.

☆ Commercial real estate's biggest investors are spending hundreds of millions of dollars on the grittiest land in America. Here's why.
▼ + stars: | 2023-02-09 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +11 min

Big commercial-real-estate players from Brookfield to Fortress are snapping up industrial land. Brookfield is one of several big-name investors that are paying increasing attention to lowly industrial land. Industrial land also generally has lower operating costs and taxes compared to other real estate. It's hard to find big enough portfolios of industrial landThere are challenges, too, in breaking into the business of owning industrial land. Atkins said he has been impressed by the robustness of the IOS market, even with fears about the broader economy.

☆ We got an exclusive look at the pitch deck that edtech startup Ignite! Reading used to raise $10 million from Rethink and Citadel founder Ken Griffin
▼ + stars: | 2023-02-09 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

So far, Ignite says students have learned to read 2.4 times faster than before with its lesson plan. Reading, a virtual tutoring startup that helps children from grades K-8 learn how to read through targeted, one-on-one sessions with an online tutor. While other tutoring companies like Varsity Tutors and GoStudent offer online tutoring and reading assistance, Ignite! Reading focuses specifically on teaching children the processes of reading and comprehension, with a main goal of reaching 1st grade students. Reading, tutors meet with students every day one on one virtually for 15 minutes a day, with a total teaching time of 75 minutes a week.

☆ NBA roundup: Thunder spoil LeBron James' record night
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +5 min

[1/5] Feb 7, 2023; Los Angeles, California, USA; Los Angeles Lakers forward LeBron James (6) moves the ball against the Oklahoma City Thunder during the second half at Crypto.com Arena. Shai Gilgeous-Alexander scored 30 points and dished out eight assists for the Thunder, while Jalen Williams added 25 points. He became the first player in franchise history with three straight 40-point games and scored 13 of his points in the fourth. Dejounte Murray had 19, Trae Young had 16 points and 16 assists, John Collins scored 15 points and Clint Capela added 13. Jackson led the charge with support from Ja Morant, who finished with a game-high 34 points, and Brandon Clarke, who came off the bench for 13 points.

☆ Microsoft's cloud business, a key pillar of the Club's investment case, stands to gain from the AI craze
▼ + stars: | 2023-02-07 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

"But the one good thing here is the business model side of this, because it builds on the cloud." Nadella's comments Tuesday came shortly after Microsoft unveiled its strategy to reshape its internet search engine , Bing, by incorporating generative AI capabilities. Equipped with generative AI capabilities, Bing will be able to respond to users' queries with human-like written answers. On Monday, competitor Alphabet (GOOGL) announced its response to the ChatGPT craze , a generative AI service called Bard. The Club take The rivalry between Microsoft and Google has now spilled into generative AI, which is still in its early days.

☆ Premarket stocks: The bear market could make a comeback
▼ + stars: | 2023-02-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —Investors who believe the bear market is over are “ignorant,” Lisa Shalett, chief investment officer of Morgan Stanley Wealth Management, told CNN. She believes a bigger drop is on its way as the Fed’s rapid interest rate hikes reduce economic growth down the road. Investors, she said, haven’t yet priced that hit to the economy into stock prices. They do, however, see increased interest rates as a long-term positive. How do you grow when you already have such a large percentage of the market share?

☆ Microsoft likely to reveal ChatGPT-related service at event on Tuesday
▼ + stars: | 2023-02-06 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Microsoft CEO Satya Nadella speaks at the company's Ignite Spotlight event in Seoul on Nov. 15, 2022. Nadella gave a keynote speech at an event hosted by the company's Korean unit. Microsoft on Monday confirmed plans to host a news event Tuesday that could be related to the AI chatbot ChatGPT, just minutes after Google unveiled its competing AI software called Bard. Microsoft's head of public relations confirmed the existence of the event in a tweet Monday, but did not confirm what it's about. Microsoft said the renewed partnership with OpenAI will accelerate breakthroughs in artificial intelligence and help both companies commercialize advanced technologies in the future.

☆ I settled the gas stove debate with a $69.99 induction cooktop from Ikea
▼ + stars: | 2023-02-05 | by ( Adam Rogers | ) www.businessinsider.com time to read: +11 min

Well, not at Ikea per se, but on the Ikea website — where I purchased the Tillreda, a single-burner induction cooktop, for $69.99. I got a magnet; if it doesn't stick to a pot, the pot won't work on an induction plate. That meant I couldn't do stuff on the Tillreda like boiling soup and pasta, things that require a long time on an inefficient gas flame. "In cases like that, the heat losses for a gas flame really add up," McGee says. I tried one in a cast-iron pan on the induction plate.

☆ ChatGPT ignited a new A.I. craze. What it means for tech companies and who's best positioned to benefit
▼ + stars: | 2023-02-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +8 min

Since the launch of ChatGPT late last year, no one in the tech world can seem to stop talking about artificial intelligence. CEO Sundar Pichai announced Thursday that the company will launch its LaMDA language model and new AI features "very soon ." But it's not just technology companies rethinking AI. We combed through earnings transcripts available through FactSet to find out what some of the biggest tech companies are saying about the latest craze and who could benefit the most. Preparing for an 'AI arms race' in tech There's no question that Microsoft stands to gain from ChatGPT and the AI push on Wall Street.

☆ Ryan Cohen Takes Stake in Nordstrom
▼ + stars: | 2023-02-03 | by ( Lauren Thomas | ) www.wsj.com time to read: 1 min

Ryan Cohen, now one of Nordstrom Inc.’s largest nonfamily shareholders, wants to engage with company management about targeted changes to the board. Activist investor Ryan Cohen is amassing a sizable stake in Nordstrom Inc. and intends to urge the upscale department-store chain to make changes to its board following a steep share-price decline, according to people familiar with the matter. Mr. Cohen, known for helping ignite big rallies in so-called meme stocks including GameStop Corp., is one of the top-five nonfamily shareholders of Nordstrom, the people said.

☆ Jan. 6 Committee failed to hold social media companies to account for their role in the Capitol attack, staffers and witnesses say
▼ + stars: | 2023-01-26 | by ( Donie O'Sullivan Audrey Ash Zachary Cohen | Donie O'Sullivan | Audrey Ash | ) edition.cnn.com time to read: +9 min

But now these witnesses, along with some committee staff, are frustrated, saying the committee failed to adequately hold major social media companies to account for the role they played in the worst attack on the Capitol in 200 years. They also said the final report outlines structural issues across social media and society that need to be studied further. Jeremy Moorhead/CNNDisagreement about social media companies’ role in the Jan. 6 attack comes as 2023 looks to be a pivotal year for Silicon Valley firms in Washington, DC. “Indeed, the lack of an official Committee report chapter or appendix dedicated exclusively to these matters does not mean our investigation exonerated social media companies for their failure to confront violent rhetoric,” they wrote. “History has taught us what happens when political speech on social media companies is allowed to fester unchecked.”

☆ Meta says it won’t punish Trump for attacking the 2020 election results. But the 2024 vote is a different story
▼ + stars: | 2023-01-25 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

New York CNN —Nine minutes after Meta announced that it will allow Donald Trump back on its platforms, the disgraced ex-president was on his own Truth Social app posting about supposed election fraud in the 2020 election. And those content moderation calls are likely to be contentious. For instance, a Meta spokesperson said Trump will be permitted to attack the results of the 2020 election without facing consequences from the company. However, the spokesperson said, if Trump were to cast doubt on an upcoming election — like, the 2024 presidential race — the social giant will take action. But this is only one aspect of the murky content moderation waters that Meta will find itself in.

☆ Microsoft set to report earnings after market close
▼ + stars: | 2023-01-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft CEO Satya Nadella speaks at the company's Ignite Spotlight event in Seoul on Nov. 15, 2022. Microsoft will report fiscal second-quarter results after the close of regular trading on Tuesday. As of Monday's close, Microsoft shares were down 18% over the past year, slightly underperforming the Nasdaq. The growth engine of Microsoft's Intelligent Cloud unit is the Azure public cloud. Analysts polled by CNBC and FactSet are expecting revenue growth for the Azure and other cloud services category of close to 31%.

☆ Microsoft announces new multibillion-dollar investment in ChatGPT-maker OpenAI
▼ + stars: | 2023-01-23 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Microsoft CEO Satya Nadella speaks at the company's Ignite Spotlight event in Seoul on Nov. 15, 2022. Microsoft on Monday announced a new multiyear, multibillion-dollar investment with ChatGPT-maker OpenAI. Microsoft declined to provide a specific dollar amount, but Semafor reported earlier this month that Microsoft was in talks to invest as much as $10 billion. Microsoft said the renewed partnership will accelerate breakthroughs in AI and help both companies commercialize advanced technologies in the future. In July 2019, Microsoft backed OpenAI with $1 billion, and the investment made Microsoft the "exclusive" provider of cloud computing services to OpenAI.

☆ Get ready for a deluge of data next week that will shape the Fed's next moves
▼ + stars: | 2023-01-21 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Within the portfolio, we'll get the latest earnings from Danaher (DHR), Halliburton (HAL), and Johnson & Johnson (JNJ) on Tuesday before the opening bell. While the results will be important as always, we are most interested in the earnings call with analysts and investors. Housing Starts fell 1.4% in December to a seasonally adjusted annual rate of 1.38 million, slightly above the 1.36 million expected. Building permits dropped 1.6% in December to a seasonally adjusted annual rate of 1.33 million, below expectations of 1.37 million. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Chinese ‘Revenge Spending’ Might Not Hit U.S. Levels
▼ + stars: | 2023-01-20 | by ( Nathaniel Taplin | ) www.wsj.com time to read: 1 min

The Year of the Rabbit is nearly here, and China’s economy, after a very tough 2022, is poised for a leap. China could grow 5% in 2023—compared with 6% in 2019 and 3% last year—and perhaps even more than that. The bull case essentially rests on the postpandemic experience of the West, and the U.S. in particular. During the worst stretches of 2020, many people stayed home and saved. In 2021, as the public health situation improved people began to spend, helping ignite an economic boom—and inflation.

It came after Amazon said in November it was looking to cut staff, including in its devices and recruiting organizations. The company had 2,450 employees, according to PitchBook data, suggesting around 490 employees were laid off. In a letter to employees, CEO Logan Green and President John Zimmer pointed to "a probable recession sometime in the next year" and rising ride-share insurance costs. Shopify: 1,000 jobs cutIn July, Shopify announced it laid off 1,000 employees, which equals 10% of its global workforce. Tesla: 6,000 jobs cut

☆ Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks
▼ + stars: | 2023-01-17 | by ( Lauren Thomas | ) www.wsj.com time to read: 1 min

Activist Ryan Cohen has a wide following among individual investors who often follow his lead. Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. worth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost its share-repurchase program, according to people familiar with the matter. Mr. Cohen, known as the meme-stock king for helping ignite explosive rallies in GameStop Corp. and others, built the stake in the second half of last year, the people said.

☆ Davos 2023: Ukraine's first lady to deliver letter from Zelenskiy for China
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +2 min

DAVOS, Switzerland, Jan 17 (Reuters) - Ukraine's first lady told the World Economic Forum on Tuesday she would deliver a letter to China's delegation setting out President Volodymyr Zelenskiy's proposals for ending Russia's war against his country. China, like Russia a permanent member of the United Nations Security Council, is an important partner for Moscow and has refused to condemn Russia's invasion of Ukraine. She said she also had letters for European Commission President Ursula von der Leyen and Swiss President Alain Berset. "Today I will give the colleagues participating in this part (of the forum) 'formula letters' from the president of Ukraine," she said in Ukrainian. "How does the world expect to reach climate neutrality, if it can’t even stop the burning down of whole Ukrainian cities.

☆ Japan's yield control faces biggest test to date as BOJ debates policy
▼ + stars: | 2023-01-17 | by ( Leika Kihara | ) www.reuters.com time to read: +5 min

But with inflation exceeding its 2% target, the BOJ is facing its biggest test so far for its stimulatory policy, which is called yield curve control (YCC). The cap for the 10-year bond therefore became 0.5%. Market expectations of an early rate hike have boosted yields broadly, with the eight-year moving higher than the 10-year yield. In considering the BOJ's options, some analysts bet it will further widen the band and allow the 10-year yield to rise as far as 0.75%. Others expect the central bank to raise the 10-year yield target above 0%, change it to one targeting a shorter-dated maturity, or abandon it altogether.

☆ Analysis: Bank of Japan's yield curve control in danger as policy backfires
▼ + stars: | 2023-01-16 | by ( Leika Kihara | ) www.reuters.com time to read: +6 min

In a sign of its resolve to defend the yield cap, the BOJ on Monday announced plans to conduct additional, emergency bond-buying. To be sure, with global commodity prices falling, private analysts agree with Kuroda that inflation will slow back toward the BOJ's target later this year. It's better to remove the 10-year yield target, but overhauling YCC would raise questions of accountability." Data on Friday will likely show Japan's core consumer prices rose 4.0% in December, double the BOJ's target and a fresh 41-year high, a Reuters poll showed. "If markets continue to ask more from the BOJ, YCC may not last that long."

☆ Rent the Runway is now selling secondhand luxury clothes on Amazon from 35 designers including Tory Burch and Kate Spade.
▼ + stars: | 2023-01-12 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

Rent the Runway is now selling secondhand luxury goods on Amazon. Rent the Runway CEO Jenn Hyman said the collaboration will foster "incredible brand awareness." As part of a collaboration with Amazon Fashion, the rental company is offering lightly worn styles from more than 35 brands, including Diane Von Furstenberg, Tory Burch, and Kate Spade. The partnership also will feature items from the RTR Design Collective, clothes from emerging designers sold exclusively for Rent the Runway, the company announced on Thursday. The Amazon collaboration will join existing resale retail partnerships Rent the Runway currently has with Saks Off Fifth and ThredUp.

Search resuls for: "Ignite"

25 mentions found