DIRS.INFO The most relevant business & tech news

Democrats will wield an expanded 51-seat Senate majority and control the presidency. We need to be cutting spending,” McCarthy told reporters after a meeting with Senate Republicans on Dec. 21. There’s so much discombobulation and disunity on different sides of the Republican caucus,” Senate Majority Leader Chuck Schumer, D-N.Y., told reporters before the holiday recess. Conservative lawmakers say a GOP House should block a debt limit increase without major policy changes to rein in spending. Some House Republicans are already calling to impeach Homeland Security Secretary Alejandro Mayorkas over his department's handling of immigration policy.

☆ NBA roundup: Luka Doncic posts 51 in win over Spurs
▼ + stars: | 2023-01-01 | by ( ) www.reuters.com time to read: +8 min

Keldon Johnson led the Spurs with 30 points, while Sochan added 20. Markkanen led the Jazz with 29 points and 14 rebounds, and Clarkson netted 22 points in Utah's fourth consecutive loss. Kevin Love added 20 points and nine rebounds for the Cavaliers, who survived a rough night from star Donovan Mitchell. Randle added 12 rebounds and six assists for the Knicks, who were without starters Jalen Brunson and RJ Barrett. LaMelo Ball's 23 points and 11 assists and Mason Plumlee's 22 points and 10 rebounds led the Hornets.

☆ 3 friends share how they started a charcuterie side hustle that made $40,000 in its first month
▼ + stars: | 2022-12-29 | by ( Amanda Breen | ) www.businessinsider.com time to read: +8 min

That's what Ryan Culver, Caroline Elston, and Lowell Bieber, the Indiana-based friends behind charcuterie subscription service Platterful, discovered when they teamed up to launch their venture last year — and made $40,000 in their first month. Culver and Bieber previously partnered on a health-and-wellness subscription box, which they successfully scaled and sold in September 2020. Entrepreneur sat down with the trio to learn how they built their meat-and-cheese side hustle — and continue to fuel its growth. Even though Culver and Bieber had subscription experience, the cofounders did have to contend with a new complication: cold shipping. [With cofounders] you have other people to lean on — if you're having a tough day, maybe someone else is having a good day.

☆ Monarch butterflies made a historic rebound this year, but my photos from 'Butterfly Town, USA' are disappointing and sad
▼ + stars: | 2022-12-24 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +11 min

California's monarch butterflies made a miraculous rebound from nearly disappearing in 2020. I visited Pacific Grove, AKA "Butterfly Town, USA," to see the monarch migration for the first time. Monarch butterflies fly at the Sierra Chincua butterfly sanctuary in Angangeo, Michoacan state, Mexico. Monarch butterflies fly at the Sierra Chincua butterfly sanctuary in Angangeo, Michoacan state, Mexico. When I was a child, I didn't see monarch butterflies, but they were already in decline.

☆ House passes $1.7 trillion spending bill that rewrites U.S. election law, sending it to Biden to sign
▼ + stars: | 2022-12-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Sahil-Kapur-Headshot.Jpg | Sahil Kapur | ) www.nbcnews.com time to read: +5 min

WASHINGTON — The House on Friday voted to finalize a massive $1.7 trillion government funding bill, sending it to President Joe Biden and marking the end of two years of Democrats controlling both chambers of Congress. It overhauls federal election law by revising the Electoral Count Act of 1887 to try to prevent another Jan. 6. The bill funds a swath of domestic programs as well, averting a shutdown and keeping the government funded through next fall. “We have a big bill here, because we have big needs for our country,” outgoing House Speaker Nancy Pelosi said on the floor. The measure was negotiated by Democratic leaders and top Senate Republicans, including Minority Leader Mitch McConnell, R-Ky.

☆ Even Donald Trump laughed at Sidney Powell when she spouted baseless voter fraud claims: 'This does sound crazy, doesn't it?'
▼ + stars: | 2022-12-23 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Even Donald Trump thought Sidney Powell sounded "crazy," per the January 6 panel's Capitol Riot report. Hope Hicks, Trump's former White House communications director, said he muted Powell during a call. While muted, Trump mocked Powell, saying: "This does sound crazy, doesn't it?" In the meantime, Dominion Voting Systems is suing Powell, Giuliani, and MyPillow CEO Mike Lindell for defamation, alleging that the trio pushed a slew of baseless voter fraud claims that hurt its business. Dominion Voting Systems said in January that it is unlikely to settle the billion-dollar lawsuits given the "devastating harm" the three caused the company.

☆ The man behind Trump World’s myth of rigged voting machines
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +32 min

He publicly announced his purchase of Montgomery’s data in August at a gathering in Missouri of hundreds of his followers. “I own it,” Lindell said of Montgomery’s data, touting it as irrefutable proof Trump was cheated. On Nov. 9, far-right podcaster Joe Oltmann linked Montgomery’s Hammer and Scorecard claims to a parallel conspiracy theory: that widely used voting machines manufactured by Dominion Voting Systems were rigged to flip votes from Trump to Biden. Powell amended her complaint a few days later and dropped the expert’s declaration and the references to Montgomery’s claims. But the government said in a recent court filing that the order has nothing to do with election data.

☆ Bank floats $10 bln Brazilian bond plan to halt Amazon deforestation
▼ + stars: | 2022-12-19 | by ( Marc Jones | ) www.reuters.com time to read: +3 min

LONDON, Dec 19 (Reuters) - Strategists at a UK bank have proposed the idea of a super-sized $10 billion Brazilian government bond that would be specifically designed to help halt the destruction of the Amazon rainforest. Stopping deforestation of the Amazon, which absorbs vast amounts of planet-warming greenhouse gas, is part of Brazilian President-elect Luiz Inacio Lula da Silva's sweeping plan to reclaim leadership on climate change measures. Money raised via sustainability-linked debt can be used for almost any purpose. "As a reference, a 2034 Brazilian bond is currently yielding around 6.35%, making the step up/down feature potentially financially material for Brazil," Vivanco's initial outline of the plan last week said. "If Lula goes around the world selling this bond, you would have to have a reason not to be part of it," Vivanco said.

☆ The Jan. 6 rioter who led a mob that chased a Capitol police officer said he wants to go back to being a 'family man'
▼ + stars: | 2022-12-16 | by ( Rebecca Cohen | ) www.businessinsider.com time to read: +2 min

A Jan. 6 rioter who led a mob after a Capitol police officer got five years in prison. Doug Jensen was sentenced on Friday for his involvement in the Capitol riot. He led a pack of insurrectionists who chased a Capitol Police officer as senators huddled nearby. On Friday, a federal judge sentenced Jensen to five years in prison. Once inside, Jensen "faced off" with Capitol Police officer Eugene Goodman and then led the pack that chased Goodman throughout the Capitol, according to the DOJ.

☆ Student loan forgiveness is headed to the Supreme Court. What that means for the payment pause
▼ + stars: | 2022-12-16 | by ( Annie Nova | ) www.cnbc.com time to read: +5 min

The pandemic-era relief policy suspending federal student loan bills and the accrual of interest has been in effect since March 2020. That development is why borrowers have gotten even more time without a student loan bill. Student loan bills could resume as soon as May 1The Education Department has left things a little open-ended when it comes to the timing of federal student loan payments resuming. During the extended payment pause, however, the Education Department is also ceasing all collection activity, it said. And while interest rates on federal student loans are at zero, it's also a good time to make progress paying down more expensive debt, experts say.

☆ ECB delivers fourth straight increase but slows pace
▼ + stars: | 2022-12-15 | by ( Reuters Staff | ) www.reuters.com time to read: +5 min

COMMENTS:FLORIAN HENSE, SENIOR ECONOMIST, UNION INVESTMENT, FRANKFURT”This is probably the most hawkish 50 basis points they could come up with. Everything I read in the statement press release sounds hawkish and maybe even “very hawkish” to me. However, core inflation momentum remains firm and the labour market tight.”MARCHEL ALEXANDROVICH, EUROPEAN ECONOMIST, SALTMARSH ECONOMICS, LONDON:“It (the ECB statement) is very hawkish. “The 50 bps hike was expected and the pace of QT (quantitative tightening) was in the ballpark of what folks were expecting. “Even though the ECB is now going at it a bit slower, that doesn’t necessarily mean that they’re also going to target a lower terminal rate.

☆ The US may have lost in the World Cup, but soccer is more popular than ever in America
▼ + stars: | 2022-12-12 | by ( Harry Enten | ) edition.cnn.com time to read: +36 min

The Atlas Lions made history as the first African team to reach a World Cup semifinal. They made history as the first all-female refereeing crew for a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament. Less spoken about is that they also rate better on television than the men do in the World Cup. We’ll just have to wait and see, though with the US, Canada and Mexico hosting the 2026 World Cup, soccer isn’t going away anytime soon.

☆ Liz Cheney resurfaced Paul Gosar's deleted tweet supporting Donald Trump's call to terminate the US Constitution: 'Time to condemn Trump yet?'
▼ + stars: | 2022-12-08 | by ( Lauren Frias | ) www.businessinsider.com time to read: +4 min

On Saturday, Trump suggested terminating rules in the Constitution that led to disputed voter fraud in the 2020 election. Rep. Liz Cheney resurfaced Gosar's tweet, calling on House Minority Leader Kevin McCarthy to condemn the former president. Following backlash from GOP senators on his call to terminate the US Constitution, Trump attempted to walk back his remarks on Monday. This is simply more DISINFORMATION & LIES," Trump wrote on Truth Social. "This week Trump said we should terminate all rules, regulations etc 'even those in the Constitution' to overturn the election.

☆ Banks face 6% capital hike from remaining Basel rules, says Bank of England
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +1 min

LONDON, Dec 7 (Reuters) - Applying the remaining set of global bank capital rules in Britain will increase capital requirements by about 6% by the end of the decade, the Bank of England said on Wednesday. The initial batch of Basel III rules from the Basel Committee of banking regulators from the world's main financial centres, were rolled out in the aftermath of the global financial crisis over a decade ago when taxpayers had to bail out undercapitalised lenders. The final batch, which the BoE calls Basel 3.1, will be implemented from January 2025, after a public consultation now underway, affecting lenders like HSBC, Barclays, Lloyds and NatWest. BoE director Phil Evans said given Brexit allows Britain to write its own financial rules, the consultation is a landmark event that will take account of Britain's competitiveness while aligning with strong international standards. Evans said Basel 3.1 will increase capital requirements for banks by about 6%.

Here's how to file for unemployment insurance benefits, whether you're laid off, furloughed, or your hours are severely reduced. Here's how to file for unemployment insurance benefits, whether you're laid off, furloughed, or have had your hours severely reduced. Fill out an application through your state's unemployment websiteYou should apply for unemployment insurance as soon as you're no longer working. Depending on the state, unemployment insurance claims can be filed in person, on the phone, or online. "Start with your state's unemployment insurance benefits site.

☆ U.S. Capitol riot sedition prosecutions won't get easier, experts say
▼ + stars: | 2022-11-30 | by ( Sarah N. Lynch | ) www.reuters.com time to read: +5 min

WASHINGTON, Nov 30 (Reuters) - Prosecutors secured a victory when two key figures in last year's U.S. Capitol attack were convicted of seditious conspiracy. It marked the first time in nearly three decades that federal prosecutors won a conviction for seditious conspiracy. At the same time, co-defendants Jessica Watkins, Kenneth Harrelson and Thomas Caldwell were acquitted of seditious conspiracy, and the verdict was mixed on two other conspiracy charges. The obstruction and the seditious conspiracy charges each carry potential 20-year prison sentences. For example, the four defendants in the next Oath Keepers trial played secondary roles similar to the defendants acquitted of seditious conspiracy in the Rhodes trial.

☆ High home prices push Fannie Mae and Freddie Mac to back loans of more than $1 million
▼ + stars: | 2022-11-29 | by ( Anna Bahney | ) edition.cnn.com time to read: +3 min

As a result, the baseline conforming loan limit for 2023 will be $726,200, up $79,000 from this year’s limit of $647,200. Higher-cost areas will have a new loan limit of $1,089,300, or up to 150% of the baseline loan limit. Mortgages above these loan limits are considered “non-conforming” or “jumbo” mortgages, and typically come with higher interest rates. The baseline loan limit is the highest loan amount – not the purchase price – for a one-unit purchase. The law establishes the maximum loan limit in high-cost areas as a multiple of the area’s median home value, up to a maximum of 150% of the baseline loan limit.

☆ It's not just housing – other US sectors are about to feel the brunt of the Fed's rate hikes, Solus strategist says
▼ + stars: | 2022-11-28 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Manufacturing and other sectors will soon feel the effects of Fed tightening too, Dan Greenhaus said. The US economy is turning slowly like a large cruise ship toward weakness, the Solus strategist said. Manufacturing is one industry that could soon suffer a similar slowdown, warned Dan Greenhaus, chief economist and strategist at Solus Alternative Asset Management. That would bring down inflation — the Fed's goal with its rate hikes — but increase the risk of a recession. Manufacturing is one sector that could be set to feel the brunt of the Fed's tightening campaign, according to Greenhaus.

☆ Student loan payments may not resume until August. Here's what borrowers need to know
▼ + stars: | 2022-11-26 | by ( Annie Nova | ) www.cnbc.com time to read: +8 min

With so much still up in the air, the Biden administration has pushed back the due date on student loan bills again. With previous extensions of the payment pause, the Education Department provided one date for when student loan bills would resume. Betsy Mayotte, president of The Institute of Student Loan Advisors, warned borrowers to first understand the federal protections they're giving up before they refinance. "Refinancing can generate a lower interest rate than federal student loan rates," Mayotte said. Could it make sense to still pay my student loans?

In Asia, Japan's manufacturing activity is shrinking at its fastest pace in two years, flash estimates showed. Investors will be paying close attention to the PMI reports for most other Asian countries - including economic heavyweights China, South Korea and India - due out on Dec. 1. Like stocks, regional FX markets are enjoying a period of relative calm as weaker U.S. inflation readings have weighed on the dollar. Investors will be hoping for more consolidation and calm on Friday, leaving the potential PMI fireworks for next week. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

"The uncertain lags and magnitudes associated with the effects of monetary policy actions on economic activity and inflation were among the reasons cited." Still, the implication that policymakers were stepping down from their break-neck pace of rate hikes lifted U.S. stock prices and sent Treasury yields lower. The yield on the 2-year Treasury note , the maturity most sensitive to Fed rate expectations, dropped to 4.49%. Contracts tied to the Fed's policy rate showed investors maintaining bets for a half-percentage-point increase at the Dec. 13-14 policy meeting. "The path forward for monetary policy is a battle between the 'various' and the 'several,'" said Brian Jacobsen, senior investment strategist with Allspring Global Investments in Menomonee Falls, Wisconsin.

[1/2] The logo of Deutsche Bank is pictured on an office of the company in London, Britain July 8, 2019. REUTERS/Simon DawsonSummarySummary Companies Wuermeling says banks should not tie their handsSees German banks maintaining capital ratiosFRANKFURT, Nov 23 (Reuters) - German banks should avoid making multi-year promises to their shareholders despite bumper profits this year as the outlook for the economy is worsening, Bundesbank board member Joachim Wuermeling told Reuters. "If you are bound by such promises, even though the environment has changed radically, you get into a very difficult dilemma." Wuermeling said German banks had only modestly raised their payout ratios in their own plans and most should manage to preserve their capital ratios even after taking into account large dividend increases in absolute terms. ($1 = 0.9740 euros)Reporting by Francesco Canepa and Frank Siebelt Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

☆ Biden administration to extend payment pause on student loans until after June or when legal challenges resolve
▼ + stars: | 2022-11-22 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

The Biden administration on Tuesday announced that it will extend the payment pause on federal student loans until after June or when it's able to move forward with its debt forgiveness plan. Federal student loan bills had been scheduled to resume in January. The administration's move comes in response to a federal appeals court ruling last week that imposed a nationwide injunction on the debt relief plan. If it can't proceed with its policy and the legal challenges are still unfolding by June 30, 2023, student loan payments will restart 60 days after that. Federal student loan payments have been on pause since March 2020, when the coronavirus pandemic first hit the U.S. and crippled the economy.

☆ Fact check: Trump responds to special counsel news with debunked claim about Obama and the Bushes
▼ + stars: | 2022-11-18 | by ( Daniel Dale | ) edition.cnn.com time to read: +5 min

They took documents with them. As NARA explained in an August statement, Barack Obama did not take the presidential documents Trump claimed Obama had taken. Again, it was NARA that took the Bushes’ presidential documents to facilities that NARA managed near the future locations of their presidential libraries. Trump’s claim about a bowling alley and restaurantTrump’s suggestion that past presidents’ documents were stored in an insecure manner is also false. Bush’s presidential documents were temporarily stored, in College Station, Texas, was indeed a former bowling alley connected to a former Chinese restaurant.

☆ NBA roundup: Late trey lifts Thunder over Wizards
▼ + stars: | 2022-11-17 | by ( Mark Gleeson | ) www.reuters.com time to read: +6 min

Jalen Suggs added 23 points and six assists. Fred VanVleet added 23 points, 13 of them in the third quarter, to help the Raptors win their second game in a row. Kyle Lowry added 19 points, and Gabe Vincent had 16 points. Dejounte Murray added 19 points for the Hawks, who scored the game's first basket then didn't have the lead after that. Donovan Mitchell returned from a one-game absence caused by a sprained ankle and finished with 23 points for the Cavaliers, matching the point total of teammate Darius Garland.

Search resuls for: "The Basel"

25 mentions found