DIRS.INFO The most relevant business & tech news

☆ China's worsening relationship with US businesses could put AI's chip supply on shaky ground
▼ + stars: | 2024-09-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, China isn't proving to be the economic promised land US companies once hoped for . US-China relations have been on shaky ground for a while, to put it mildly. But despite the growing animosity, US corporations' push to sell things to Chinese consumers has been a middle ground everyone can agree on. AdvertisementTaiwan Semiconductor Manufacturing Company makes vital hardware components for most the world's chip companies, including industry giant Nvidia. Nvidia CEO Jensen Huang recently said his company has a backup plan if things were to kick off in Taiwan .

Persons: —, Jamie Dimon, Tyler Le, Insider's Linette Lopez, It's, that's, Kiran Ridley, Stringer, Getty, Jensen Huang, Huang, Alyssa Powell, Trump, Harris, isn't, Howard Marks, Marks, Rebecca Noble, Vance, Tom Brady, Jeff Bezos, it's, Ryan Routh, Donald Trump, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, Amanda Yen, Grace Lett, Milan Sehmbi Organizations: Service, Business, China Xinhua News Agency, Getty, Apple, Nike, Huawei, Taiwan Semiconductor Manufacturing Company, Nvidia, Billionaire, Economic Forum Locations: Washington ,, China, China . US, Washington, Beijing, Taiwan, USA, Florida, New York, London, Chicago

☆ Satellite images show the aftermath of a Ukrainian strike on a Russian arsenal, which blew up with the strength of a small earthquake
▼ + stars: | 2024-09-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewNew satellite images show extensive damage at an ammunition depot inside Russia after long-range Ukrainian drones struck the facility. AdvertisementThe aftermath of a Ukrainian attack on a Russian ammunition depot in Toropets. Just days after the Toropets attack, over the weekend, Ukraine said it struck two more ammunition depots inside Russia. AdvertisementThe attacks over the past week mark Ukraine's latest long-range strikes targeting key military and energy facilities inside Russia. Britain's defense ministry said Russia's air defenses "continue to struggle with Ukrainian deep strike operations," even though Moscow claimed to have shot down dozens of Ukrainian drones in the Toropets attack.

Persons: — Organizations: Service, Business, Ministry of Defense, Security Service, Ukraine Locations: Russia, Toropets, Russia's, Tver, Ukraine, Russian, Ukrainian, Tikhoretsk, Krasnodar Krai, Kyiv, Moscow, Kursk

☆ South Korea is going big on American manufacturing. The Battery Belt could benefit the most.
▼ + stars: | 2024-09-23 | by ( John Towfighi | ) www.businessinsider.com time to read: +7 min

Read previewSouth Korean companies are investing billions of dollars in the US to take advantage of two big laws meant to boost American manufacturing. A Financial Times analysis of United Nations data found South Korean companies invested $21.5 billion in US projects in 2023, more than any other country. Related storiesAnd South Korean investments span multiple states, mainly in the South. In the past decade, South Korean companies have created about 7,000 jobs in Texas and nearly 8,000 jobs in Indiana. Those provisions have incentivized South Korean companies to divert from China and focus more on the US.

Persons: —, Yeo, South, Biden, South Korea —, " Yeo, Joe Biden's Organizations: Service, United, Business, Samsung, LG, Hyundai, South, Peterson Institute for International Economics, EV, Financial, Kia, SK Hynix, Korea's Ministry of Trade, Industry, Energy, Wall Street, World Bank, Biden Locations: United Nations, South Korea, Taiwan, Southern, China, US, Georgia, South, Texas, Arizona, Indiana, Korea's

☆ Biden proposes banning Chinese vehicles from U.S. roads with software crackdown
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: +5 min

The Biden administration has raised serious concerns about the collection of data by Chinese companies on U.S. drivers and infrastructure through connected vehicles as well as about potential foreign manipulation of vehicles connected to the internet and navigation systems. The planned regulation, first reported by Reuters, would also force American and other major automakers in the coming years to remove key Chinese software and hardware from vehicles in the United States. The U.S. Commerce Department on Monday proposed prohibiting key Chinese software and hardware in connected vehicles on American roads due to national security concerns - a move that would effectively bar nearly all Chinese cars from entering the U.S. market. The move is a significant escalation in the United States' ongoing restrictions on Chinese vehicles, software and components. The rules would apply to all on-road vehicles but exclude agricultural or mining vehicles not used on public roads.

Persons: Joe Biden, Biden, Gina Raimondo, Raimondo, We're, Jake Sullivan, Sullivan, Jan Organizations: White, White House, Reuters, U.S . Commerce Department, United, National, Embassy, U.S, The Commerce Department, Alliance, Automotive Innovation, General Motors, Toyota, Hyundai Locations: Rose, Washington ,, United States, U.S, Yantai, Shandong province, Russia, China, Washington

☆ Man smashes Ai Weiwei’s ‘Porcelain Cube’ at Italy art show
▼ + stars: | 2024-09-23 | by ( ) edition.cnn.com time to read: +1 min

Footage from CCTV cameras — posted on Ai Weiwei’s Instagram account — showed a man vigorously pushing the sculpture over, breaking it and then holding a piece of it over his head. The sculpture targeted was the artist’s large blue and white “Porcelain Cube,” the spokesperson said. The work "Porcelain Cube" left in pieces. The police in Bologna told local media a 57-year old Czech man had been arrested after being stopped by the museum’s security. It was not clear how the man had entered the building during the invite-only event on Friday.

Persons: Ai Weiwei, Ai Weiwei’s, —, Arturo Galansino, ”, “ Ai Weiwei Organizations: CNN, Bononiae Press Locations: Italian, Bologna, Florence

☆ Boeing is raising its offer to end the strike
▼ + stars: | 2024-09-23 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +3 min

New York CNN —Boeing said Monday it has raised its offer to the International Association of Machinists union to end the strike by 33,000 union members that has now entered its 11th day. “We heard your feedback,” said a statement from Boeing to union members on its website. But it did not restore the traditional pension plan that union members lost 10 years ago in a previous labor agreement. An IAM spokesperson said the union did not have an immediate comment on the new offer. In a decision that took place just before the strike began, 95% of union members voted against the previous tentative labor agreement.

Persons: “, ”, “ We’ve Organizations: New, New York CNN, Boeing, International Association of, IAM, Union Locations: New York, West Coast, South Carolina

☆ How Foot Locker is waging a comeback after its breakup with Nike
▼ + stars: | 2024-09-23 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +14 min

Foot Locker turns 50 while on a bit of an upswing two years into Dillon's tenure as CEO. Coi Leray performs at Foot Locker 50th anniversary event on September 16, 2024 in New York. "Whereas Foot Locker looks vulnerable because it just doesn't have all these other strings to its bows," said Saunders. Foot Locker store location on 34th street in New York City. The company is working to refresh two-thirds of its global Foot Locker and Kids Foot Locker doors by the end of 2025, and said 40% of its North American footprint is now off-mall.

Persons: Patrick T, Mary Dillon, Locker, Mike Vitelli, Isabella Picicci, we've, Dillon, Neil Saunders, Dick's, Saunders, they're, Frank Winfield Woolworth, Janine Stichter, Foot, Frank Bracken, Bracken, America sputtered, WSS, …, she's, That's, Stichter, they'd, Kim Waldmann, it's, Waldmann, that's, Foot Locker Organizations: Nike, Foot, Beverly Center, Fallon, Bloomberg, Getty, PR, Adidas, CNBC, Goods, JD, JD Sports, City of, Forbes, Jordan, she's Locations: Los Angeles, New York City, New York, City, City of Industry , California, U.S, America, North America, GlobalData, Foot

☆ Why stocks have a lot more room to rally before hitting a peak, according to a technical analyst
▼ + stars: | 2024-09-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Stock market highs are expected to continue into 2025, according to Oppenheimer's Ari Wald. AdvertisementWald's 6,000 price target for the S&P 500 is based on the median bull market cycle. "The S&P 500 is up 64% over the 23 months between October 2022 and September 2024. And if the current bull market follows the path of the average bull market, stocks could continue to rise through the end of 2025 with the S&P 500 rising to around the 7,000 level. "We view the cycle high for Industrials as confirmation of an intact bull market," Wall said.

Persons: Oppenheimer's Ari Wald, Wald, —, Oppenheimer, Ari Wald, it's, Wall, " Wald Organizations: Service, New York Stock Exchange, ISI Locations: That's

☆ Harris campaign weighs trip to the US southern border amid polling concerns
▼ + stars: | 2024-09-23 | by ( Priscilla Alvarez | ) edition.cnn.com time to read: +2 min

Harris previously visited the border while vice president and has cited her work as a border state senator and attorney general. CNN reached out to the Harris campaign for comment. Republicans have falsely claimed that Harris is the “border czar,” casting her as solely responsible for the management of the US-Mexico border. Harris campaign officials think she has a case on immigration: Using the failed bipartisan border measure to cast Trump as unserious on the border and citing her time as California attorney general tackling transnational criminal gangs. Last week, Harris slammed Trump over his immigration proposals, citing his controversial policies to draw a stark contrast with her Republican rival.

Persons: Kamala Harris, Donald Trump, Harris, Trump, Joe Biden, ” Organizations: CNN — Campaign, GOP, CNN, Biden, Republicans, Republican Locations: Mexico, Arizona, It’s, California

☆ CNBC Daily Open: Recession concerns still linger
▼ + stars: | 2024-09-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Brendan McDermid | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In terms of financial markets, financial firm BTIG sees a possible pullback. Last week's burst of euphoria was mostly driven by anticipation and celebration of the Fed's rate cut. Markets this week will look at the hard data coming out, like the preliminary measure of PMI, consumer confidence and PCE report.

Persons: QCOM, Brendan McDermid, It's, Piper Sandler, Nancy Lazar, Lazar, BTIG, Jonathan Krinsky, –, Alex Harring, Hakyung Kim, Brian Evans Organizations: New York Stock Exchange, Reuters, CNBC, Friday, FedEx, Nasdaq, Dow, PMI Locations: New York City, U.S

☆ Iran is ready for nuclear talks at UN 'if other parties are willing,' foreign minister says
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: +2 min

Then Iranian Deputy Foreign Minister Abbas Araqchi speaks over the Iran nuclear deal during a press conference in Tehran, Ian on August 9, 2015Iran is ready to start nuclear negotiations on the sidelines of the U.N. General Assembly in New York if "other parties are willing," Foreign Minister Abbas Araqchi said on Monday in a video published on his Telegram channel. Indirect talks between Washington and Tehran to revive the deal have stalled. Iran is still formally part of the deal but has scaled back commitments to honour it due to U.S. sanctions reimposed on the Islamic Republic. We will focus our efforts on starting a new round of talks regarding the nuclear pact," Araqchi said. U.S. President Joe Biden's administration has said the United States is not ready to resume nuclear talks with Iran.

Persons: Abbas Araqchi, Ian, Donald Trump, Araqchi, Antony Blinken, Trump, Joe Biden's Organizations: General Assembly, U.S, Hamas Locations: Iran, Tehran, New York, U.S, Washington, Islamic Republic, Switzerland, Iranian, Israel, Ukraine, United States

☆ Watch Monday's full episode of the Halftime Report — September 23, 2024
▼ + stars: | 2024-09-23 | 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 EmailWatch Monday's full episode of the Halftime Report — September 23, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

☆ What a Blue Zone heart doctor eats every week for brain health — including 1 supplement
▼ + stars: | 2024-09-23 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +7 min

Not all of them make it to 100, but they do tend to enjoy relatively good health for longer than most people in the US. He has developed a two-part weekly plan for his own brain health based on his own research. AdvertisementThis doesn't mean that the average meat-eater's diet is a boon for brain health. Fatty fish, meat, and eggs are also rich in the nutrient choline. Plus, in addition to being good for bone health, there is some evidence that vitamin D is good for preserving brain function.

Persons: —, there's, Gary Fraser, Fraser, what's, it's, Anthony Fauci, you'd Organizations: Service, Business Locations: Linda , California, North America, Loma, California, Fraser

☆ Key U.S. ports brace for possible shutdowns ahead of holiday shopping season
▼ + stars: | 2024-09-23 | 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 EmailKey U.S. ports brace for possible shutdowns ahead of holiday shopping seasonKathryn Thompson, Thompson Research Group CEO, joins 'Squawk Box' to discuss how transport companies are preparing for possible port shutdowns, how long a dockworker strike could be, and more.

Persons: Kathryn Thompson Organizations: Thompson Research

☆ Earth is about to get a 2nd moon for 57 days only. Here's what you need to know.
▼ + stars: | 2024-09-23 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +1 min

Earth is getting a second moon, a mini-moon asteroid called 2024 PT5, on September 29. This asteroid from the Arjuna asteroid belt will follow a horseshoe path around Earth for 57 days. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. It's an asteroid about the size of a school bus, at 35 feet long, and it has a typical, un-snazzy asteroid name: 2024 PT5. Earth is poised to pick up this hitchhiker from the nearby Arjuna asteroid belt on September 29.

Persons: Arjuna Organizations: Service, American Astronomical Society, Business Locations: It's

In the flood of election polls you’ll see over the next few weeks, most polling groups will include responses from “likely voters.” And often from nobody else. In theory, these poll numbers should yield more accurate results, since the people who actually vote are the ones who dictate the outcome on Election Day. After all, how exactly can a pollster know who is “likely” to vote, and who therefore will be the focus of their results? The choices they make are important, because the results of likely-voter polls can differ from those that sample a wider population, such as everyone who is registered to vote. In a close race like this year’s presidential contest, one candidate might lead in a poll among likely voters, while another might lead in the same poll’s tally of registered voters.

☆ Muni bonds could see a 'fast-paced rally' after having best summer in decades
▼ + stars: | 2024-09-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

It may be time to take another look at municipal bonds. These days, munis are cheap relative to corporate bonds, Bank of America said in a note Friday. "Muni weakness is not the driver here, but rather corporate richness," municipal research strategist Yingchen Li wrote. "We continue to advise investors to take positions while the muni market rally remains slow and ratios are somewhat cheap," he said. Municipal bonds have already had an "impressive" run in recent months, Haskell wrote in a note last week.

Persons: Yingchen Li, Li, Patrick Haskell, Haskell Organizations: Bank of America, BlackRock

☆ Qualcomm buying Intel doesn't make sense, Wall Street's top chip analyst says
▼ + stars: | 2024-09-23 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +1 min

Qualcomm is reportedly interested in acquiring Intel, but analysts are skeptical. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But one of Wall Street's most heeded chip luminaries has waded in, and he's largely not in favor.

Persons: —, Stacy Rasgon Organizations: Qualcomm, Intel, Service, Business

☆ How to create a continuity plan for your small business
▼ + stars: | 2024-09-23 | by ( Sponsor Post | ) www.businessinsider.com time to read: +5 min

A continuity plan is an essential tool designed to keep your small business operations humming even when there is a sudden emergency. Identify critical business functionsDocumenting your critical business functions will help prioritize tasks during an emergency. Make time for succession planning: Most small business owners want their business to continue even if they can no longer run it. State Farm® offers small business insurance options — such as a Business Owners Policy (BOP), which offers a combination of coverages to help protect your unique business. Your State Farm agent can help you protect your small business, so you can focus on growing your business.

Persons: —, it's Organizations: Fed, ®, Policy, State, Farm, Insider Studios

☆ How a U.S. crackdown on cheap Chinese imports could help Amazon but challenge Meta
▼ + stars: | 2024-09-23 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

The White House wants to close a trade loophole exploited by Chinese discount e-retailers — a move that would have a ripple effect on at least two of our portfolio stocks: Amazon and Meta Platforms. The de minimis exemption has allowed Chinese e-commerce giants, particularly low-cost Temu and Shein, to flourish. Temu has risen in popularity in the U.S. for selling items directly from Chinese merchants at massive discounts. Temu is generally seen as a growing competitor to Amazon since its prices are often lower. Meta challenges On the other hand, the trade shift could present a challenge for Meta, which relies on advertising from e-commerce platforms.

Persons: Harris, hocking, Temu, it's, Jeff Marks, Shein, Meta, Jim Cramer's, Jim Cramer, Jim Organizations: Biden, Harris Administration, Amazon, Deutsche Bank, Deutsche Bank analysts, JPMorgan, Services, Meta, Management, CNBC, Getty Locations: U.S, China, Temu

☆ UniCredit boosts its stake in Commerzbank, applies to own up to 29.9% of the German bank
▼ + stars: | 2024-09-23 | by ( April Roach | ) www.cnbc.com time to read: +2 min

UniCredit announced on Monday it had increased its stake in German lender Commerzbank to around 21% and submitted a request to boost the holding to up to 29.9%. The Italian bank acquired the additional Commerzbank shares through financial instruments, it said in a Monday statement. Earlier this month, UniCredit announced it had taken a 9% stake in Commerzbank, confirming that half of this shareholding was acquired from the German government. However, as was the case for UniCredit, such potential requires action for it to be crystalized," the bank said on Monday. Commerzbank shares were down 0.4% by 11:50 a.m. London time, while UniCredit shares fell 2.3%.

Persons: UniCredit, Commerzbank, Berlin Organizations: Federal Locations: Frankfurt, Germany, Commerzbank, London

☆ Using options to trade the AI-driven power generation buildout
▼ + stars: | 2024-09-23 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Power generation has emerged as a crucial investment theme in the context of artificial intelligence (AI) energy demand due to the significant electricity requirements of AI technologies. Several factors make power generation a vital AI-adjacent investment theme: Data centers, the backbone of AI operations, are among the largest electricity consumers. Investing in power generation becomes vital to support this expanding infrastructure. Fluor offers a wide range of services in the nuclear power sector, including project management, engineering, procurement, construction, and maintenance. The company has experience developing new nuclear power plants and maintaining, refurbishing, and decommissioning existing ones.

Persons: Fluor's, FLR, I've Organizations: Bechtel, KBR, Fluor Corporation, Corporation, Fluor, NuScale, CNBC, NBC UNIVERSAL Locations: Irving , Texas, Fluor

Learn moreI'm on a perpetual hunt for the perfect office-appropriate gym bag. Ever been stuck in an elevator with your company's higher-ups while carrying a banged-up gym bag? UPDATE: It's been over a year-and-a-half since I started using the Dagne Dover Landon Carryall, and I've tested many more gym bags in the meantime. Below you can see the interior of the size small carryall, which has less space, but a similar organizational structure. The bottom line:If you need a gym-to-office bag, the Landon Carryall is the one you should be looking at.

Persons: Dagne Dover's Landon Carryall, It's, —, Talia Ergas, Dover Landon Carryall, I've, Landon Carryall, Dagne, Dagne Dover, Ellen Hoffman, Landon, it's Organizations: Business, Service, packer, Dagne Dover Organization, Allyn Tote

See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Mortgage Rates TodayAverage 30-year mortgage rates are hovering near 5.70%, according to Zillow data. 15-Year Mortgage Rates TodayAverage 15-year mortgage rates are near 5%, according to Zillow data. Last month, 30-year refinance rates averaged 6.59%, while 15-year refinance rates were around 5.90%. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data.

Persons: you'll, Freddie Mac, it's, they've, They'll, refinance Organizations: Zillow, Fed Locations: Chevron

☆ Watch Monday's full episode of Fast Money — September 23, 2024
▼ + stars: | 2024-09-23 | 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 EmailWatch Monday's full episode of Fast Money — September 23, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.

Persons: Melissa Lee

Search resuls for: "Journal of Clinical Endocrinology

25 mentions found