DIRS.INFO The most relevant business & tech news

☆ Remains found near Hoover Dam ID'd as man missing since 1995
▼ + stars: | 2024-10-31 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

William Herman Hietamaki was identified this month using genetic genealogy after construction workers initially found human bones near the Hoover Dam in 2009, according to a statement this week from the Mohave County Sheriff’s Office. Mohave County Sheriff's Office via FacebookThe items were turned over to the Mohave County Medical Examiner’s Office, but no leads developed despite years of investigating. This month, the sheriff’s office learned that the John Doe in the case had ancestors with roots in Michigan dating back to the 1800s. The sheriff’s office said Hietamaki, a known hitchhiker who lived a nomadic lifestyle, had been traveling in the southwest United States. He was last seen when he visited his sister in New Mexico in 1995, according to the sheriff’s office.

Persons: William Herman Hietamaki, Hietamaki, John Doe, “, John, Jane, ” Organizations: Office, state’s Department of Public Safety, University of North, Othram Inc, Othram Locations: Arizona, Mohave County, University of North Texas, Texas, Michigan, United States, New Mexico, Las Vegas, , Michigan, Mohave

“I strongly support clemency for Erik and Lyle Menendez, who are currently serving sentences of life without possibility of parole,” Gascón said in a statement. Erik Menendez and Lyle Menendez at a pretrial hearing in Los Angeles in December 1992. Lyle Menendez was 21 and Erik Menendez was 18 at the time of the killings. Attorneys for the brothers argued in clemency requests that they both were sexually abused by their father beginning at a young age. Those factors and their ages — Lyle Menendez is 56 and Erik Menendez is 53 — make each “an exemplary candidate for clemency,” the attorneys wrote.

Persons: Lyle, Erik Menendez, George Gascón's, “, Erik, Lyle Menendez, ” Gascón, Gavin Newsom, Newsom, we’re, José Menendez, Kitty Menendez, Vince Bucci, Gascón, — Lyle Menendez, ” Organizations: ANGELES, Los Angeles, Democrat, Beverly Hills, Getty, Prosecutors Locations: Los, Los Angeles County, California, Beverly, Los Angeles, AFP

WARRENDALE, Pa. — Nikki Haley told voters to put their feelings aside about “noisy” former President Donald Trump and cast ballots for him during a pair of stops in swing state Pennsylvania on Wednesday. “I know it’s noisy out there,” Haley told voters near Pittsburgh. “We have to do more than just elect Dave McCormick,” she said. “We have to elect Donald Trump because if Donald Trump wins Pennsylvania, Dave McCormick wins Pennsylvania.”Haley, who spoke at the Republican National Convention this summer, has yet to appear on the trail with Trump. You can put Dave McCormick over the finish line.”

Persons: — Nikki Haley, Donald Trump, Dave McCormick, Haley, ” Haley, Dave McCormick can’t, McCormick, we’ve, “, Kamala Harris, Trump, ”, Trump’s, Kamala, ’ ” Haley, Harris, ” McCormick, Sen Organizations: Pennsylvania, Republican, United Nations, Trump, Republicans, Republican National Convention, NBC, Fox News, Madison, Black Americans, Elon Musk’s Locations: Pa, Pittsburgh, Philadelphia, Warrendale, Pennsylvania, Pennsburg, New York City, Puerto Rico, America

This week, the state health department issued an advisory to doctors suggesting that recent ads about Nebraska’s abortion restrictions had created "confusion." She said the health department and Gov. Jeff Powell, communications director for the Nebraska Department of Health and Human Services, said the intent of the health alert was to "clarify the current law." In response to the health department alert, two doctors in the state said there is no confusion among physicians about how to treat ectopic pregnancies or miscarriages. The Florida Health Department sent cease-and-desist letters to multiple broadcast stations that aired an ad supporting an abortion-rights ballot measure.

Persons: Timothy Tesmer, Allie Berry, —, Berry, Jim Pillen —, Jeff Powell, women’s, Kimberly Paseka, Paseka, ”, ” Paseka, “, Abigail Drucker, Drucker, ” Drucker, ” Dr, Mary Kinyoun, ” Powell, DHHS, Joseph Ladapo Organizations: OB, Nebraska, Gov, Republican, Nebraska Department of Health, Human Services, NBC News, American College of Obstetricians, Florida Health Department Locations: Nebraska, Gynecologists ’ Nebraska, Omaha, Florida

In a new motion filed Wednesday, the animal rights organization accused exotic animal broker Tonia Haddix of committing perjury and violating previous court orders, citing the recent HBO docuseries “Chimp Crazy” as evidence. In a January 2022 virtual court testimony featured in “Chimp Crazy,” Haddix sobbed as she insisted under oath that Tonka had died and was cremated. Later, however, authorities found the chimp alive and concealed in a basement cage, according to a June 2022 court filing. In the third episode of “Chimp Crazy,” Haddix said that she and Aswegan sedated Tonka and took him to a hotel. In the same episode, the motion states, Casey referred Haddix to Vierstra as someone who could help her hide Tonka and fake his death.

Persons: Tonia, Buddy, ”, Alan Cumming, Tonka, Haddix, Connie Casey, “, Haddix brazenly, Brittany Peet, Casey, Haddix’s, Jerry Aswegan, Cy Vierstra, ” Haddix, Aswegan, Vierstra, “ Haddix Organizations: PETA, HBO, Missouri Primate Foundation, flagrantly, NBC News Locations: Missouri, Ohio, Vierstra

☆ LA County district attorney sends letters requesting clemency for Menendez brothers
▼ + stars: | 2024-10-31 | by ( Matthew J. Friedman | Karina Tsui | ) edition.cnn.com time to read: +2 min

CNN —Los Angeles District Attorney George Gascón “strongly supports” Erik and Lyle Menendez’s bid for clemency and has written letters on behalf of each brother to California Gov. The district attorney adds that his office has communicated with several family members of Kitty and Jose Menendez and all family members except one, Kitty Menendez’s brother, support commutation. CNN has reached out to the brothers’ attorney, Mark Geragos, to confirm a formal clemency request has been sent to the governor’s office. “I strongly support clemency for Erik and Lyle Menendez,” Gascón said in a statement Wednesday. Under California law, the brothers would be immediately eligible for parole because they were 26 or younger when they committed their crimes.

Persons: George Gascón “, ” Erik, Lyle Menendez’s, Gavin Newsom, Menendez, Kitty, Jose Menendez, Erik, Lyle, ”, Gascón, Kitty Menendez’s, Mark Geragos, “, we’re, –, Lyle Menendez, ” Gascón, Holly Baird Organizations: CNN, Los, Los Angeles District, California Gov Locations: Los Angeles, California

☆ While the Magnificent 7 stocks flounder, this forgotten growth name is breaking out
▼ + stars: | 2024-10-31 | by ( David Keller | ) www.cnbc.com time to read: +3 min

With the Magnificent 7 stocks floundering this week, and about 30% of the S & P 500 members breaking below their 50-day moving average in October, where can investors find emerging strength? The structure of the daily chart remains positive as long as Visa remains above the $290 price point, which now serves as potential support. The weekly RSI has remained above 40 during pullbacks in October 2023 and June 2024, demonstrating that the overall momentum picture remains bullish on the long-term time frame. Similar to the buy signal in November 2023, we see this as a sign of renewed bullish sentiment for Visa. And as long as Visa remains above moving average support, this payment processor could be headed to much further gains into early 2025.

Persons: David Keller Organizations: Visa, RSI, pullbacks, CMT, CNBC, NBC UNIVERSAL

☆ Comcast tops earnings estimates as Olympics propels the company
▼ + stars: | 2024-10-31 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Comcast beat third-quarter earning expectations on Thursday, as the Summer Olympics in Paris boosted NBCUniversal's revenue and Peacock's subscriber count. The company's revenue rose 6.5% to $32.07 billion compared to the same period last year. Overall revenue was boosted by the Summer Olympics in Paris, which NBCUniversal exclusively broadcast in the U.S., and domestic broadband revenue — despite continued slowing customer growth. Revenue for the media segment – mainly comprised of NBCUniversal – was up nearly 37% to $8.23 billion, largely due to the Olympics. The company's film studios, also part of the content and experiences segment, saw revenue increase 12.3% to $2.83 billion compared to the prior year.

Persons: –, Peacock, lockdowns, NBCUniversal Organizations: Comcast, LSEG, Summer, Revenue, CNBC, Paris, Olympics, Cable, Verizon, Program, ACP, Domestic, NBC Sports, NBC Olympics, NBC, Games Locations: Paris, U.S, Peacock

CNN —Georgia Secretary of State Brad Raffensperger on Thursday said the state had been targeted by election disinformation, pointing to a viral video of alleged voter fraud that he suggested could be the result of foreign meddling. Raffensperger, the top election official in the battleground state, said the video was “obviously fake” and was intended to raise illegitimate concerns about Georgia’s voting process. “This is false, and is an example of targeted disinformation we’ve seen this election.”“CISA [Cybersecurity & Infrastructure Security Agency] is currently investigating,” Raffensperger said. “In the meantime, we ask Elon Musk and the leadership of other social media platforms to take this down. Those doing so are acting to further the efforts of America’s enemies and undermine the security of our nation.

Persons: Brad Raffensperger, Kamala Harris, Raffensperger, ”, ” Raffensperger, “, Elon Musk, Chris Krebs, Amy Kremer, ” Gabriel Sterling, Kremer, ” Sterling Organizations: CNN, Georgia, Infrastructure Security Agency, Twitter, Republican National Committee Locations: Haitian, Georgia

☆ These stocks are likely to gain from the UK’s major budget announcement, analysts say
▼ + stars: | 2024-10-31 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

Investment banks also suggested that stocks that had dipped ahead of the budget are likely to now gain on better-than-expected outcomes. "The U.K. budget was a clear signal that the new govt. Banks Investors in U.K. bank stocks will also be relieved as no new tax measures were applied to lenders specifically. RBC Capital Markets analysts echoed the view, saying the budget "included no major surprises relevant to the wealth sector." Any changes to the rules were a "relatively benign outcome for the sector" and removed an "event risk" for stocks, the investment bank said.

Persons: Roberta Ciaccia, Balfour Beatty, Rachel Reeves, Jefferies, Graham Hunt, Balfour Beatty's, AJB's, Genuity, Canaccord Genuity, Alex Brooks, Brooks Macdonald Organizations: Labour, City, Investment, Infrastructure Civil, U.K . Finance, Jefferies, Rail, Defence, Banks, RBC Capital Markets, AIM, London Stock Exchange's, Ashtead Tech, Aquis, FactSet, RBC, Tatton Asset Management Locations: Transport, Britain, Quilter

☆ LeBron James endorses Kamala Harris in presidential race against Trump
▼ + stars: | 2024-10-31 | by ( Kaanita Iyer | ) edition.cnn.com time to read: +2 min

CNN —Basketball superstar LeBron James threw his support behind Vice President Kamala Harris’ presidential bid Thursday evening, emphasizing that “the choice is clear” just days ahead of Election Day. VOTE KAMALA HARRIS!! James has previously backed Democratic candidates, including endorsing Hillary Clinton in 2016, and was an outspoken critic of Trump during his time in office. James was also actively involved in the last presidential election, founding More Than A Vote — a voting rights organization focused on combatting voter suppression — along with other athletes. Ahead of Election Day, the Harris and Trump campaigns are utilizing the star power of celebrities.

Persons: LeBron James, Kamala Harris ’, Donald Trump, KAMALA HARRIS, Harris, ” James ’, Taylor Swift, Bunny, Arnold Schwarzenegger, James, Hillary Clinton, Trump, Stephen Curry, George Floyd, Floridians, Joe Biden’s, Brett Favre, Cardi, Flo Milli Organizations: CNN — Basketball, Los Angeles Lakers, Democratic, Golden State Warriors, White, Black, Trump, NFL Locations: Detroit, Beyoncé, Wisconsin, Milwaukee

☆ Nasdaq 100 futures rise as investors parse latest tech earnings, await jobs data: Live updates
▼ + stars: | 2024-10-31 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Nasdaq 100 futures advanced Thursday night as traders analyzed major earnings reports in the runup to the all-important jobs report. Dow Jones Industrial Average futures rose 15 points, or 0.1%, while S&P 500 futures also gained 0.1%. Those moves come after a downbeat session on Thursday, which saw the S&P 500 and Nasdaq Composite dragged down by post-earnings slumps in Microsoft and Meta Platforms . The Dow led the major indexes down with a slide of 1.3%, while the S&P 500 and Nasdaq shed 1% and 0.5%, respectively. On the earnings front, traders will monitor Friday reports from Chevron and Exxon Mobil .

Persons: Dow, Jay Hatfield, Dow Jones, nonfarm Organizations: New York Stock Exchange, Nasdaq, Dow Jones Industrial, Amazon, Intel, Microsoft, Meta, Infrastructure Capital Management, Chevron, Exxon Mobil

☆ A lawsuit filed by the family of a man killed by a state trooper has been dismissed
▼ + stars: | 2024-10-31 | by ( Associated Press | ) edition.cnn.com time to read: +2 min

Minneapolis AP —A federal judge has dismissed a civil rights lawsuit against a white Minnesota state trooper who shot and killed a Black man during a traffic stop last year, ruling that the trooper’s actions did not violate the law. On Wednesday, U.S. District Judge Nancy Brasel granted Trooper Ryan Londregan’s motion to dismiss the suit filed against him by the family of Ricky Cobb II. Brasel found that Londregan did not act unreasonably when he fired his weapon at Cobb as the man’s vehicle began moving forward with another state trooper partly inside. Cobb’s family filed its lawsuit in April accusing Londregan and Seide of excessive use of force and unreasonable search and seizure. Bakari Sellers, an attorney representing Cobb’s family, said the family is considering appealing the decision or amending their complaint against Londregan.

Persons: Nancy Brasel, Ryan, Ricky Cobb, Brasel, Londregan, Cobb, Brett Seide, Ricky Cobb II, Trisha Ahmed, George Floyd, Cobb’s, Chris Madel, it’s, ”, Bakari Sellers Organizations: Minneapolis AP, District, Hennepin County Government Center, Hennepin County Attorney’s Office, Londregan, Minnesota Star Tribune Locations: Minneapolis, Minnesota, Ramsey County, Hennepin County, Cobb’s

☆ Apple to report earnings as investors worry about 'mixed' iPhone demand
▼ + stars: | 2024-10-31 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California. "That should be expected, as Apple Intelligence features (the only reason to upgrade)have yet to be rolled out in a significant way." U.S. carriers, including AT&T, Verizon and T-Mobile, have also seemed unexcited about an Apple Intelligence upgrade cycle. But research firm Counterpoint Research told CNBC in October that iPhone sales, especially for the lower-priced devices, were strong in China. WATCH: Apple Intelligence rollout could be an inflection point, says Futurum Group CEO's Daniel Newman

Persons: Tim Cook, Apple doesn't, Morgan Stanley, Erik Woodring, Davidson, Gil Luria, We're, John Stankey, Malif Atik, Apple, Luca Maestri, Maestri, Kevan Parekh, CEO's Daniel Newman Organizations: Apple, Apple Intelligence, Verizon, Mobile, Huawei, Citi, Research, CNBC, Apple Watch, LSEG, Major League Soccer Locations: Cupertino , California, Spanish, U.S, China, Apple's

☆ Stocks making the biggest moves midday: Peloton, Super Micro Computer, Robinhood, Estee Lauder and more
▼ + stars: | 2024-10-31 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Carvana — The used car platform rose 23% after posting a third-quarter earnings and revenue beat . Etsy — Shares rallied 8% after the online e-commerce platform posted third-quarter results that surprised to the upside. Microsoft called for revenue ranging between $68.1 billion to $69.1 billion, while analysts had forecasted $69.83 billion, according to LSEG. Coinbase — The cryptocurrency exchange platform shed 10% after posting a third-quarter earnings and revenue miss . Teleflex — Shares plummeted 15.6% after the medical device provider reported third-quarter revenue of $764.4 million, below FactSet's estimated $768.7 million.

Persons: Peter Stern, Carvana, Etsy —, FactSet, Coinbase, LSEG, Uber, Ernst, Young, Teleflex, Robinhood, Estee Lauder, — CNBC's Sean Conlon, Alex Harring, Jesse Pound, Samantha Subin Organizations: —, Ford, Norwegian Cruise Line Holdings, Microsoft, eBay —, eBay, MGM Resorts, MGM Locations: Norwegian, FactSet, China

☆ Super Micro's $50 billion stock collapse underscores risk of AI hype
▼ + stars: | 2024-10-31 | by ( Ari Levy | ) www.cnbc.com time to read: +7 min

Super Micro is one of the primary vendors for building out Nvidia-based clusters of servers for training and deploying AI models. Super Micro is now at risk of being delisted from the Nasdaq, and has until Nov. 16 to regain compliance with the stock exchange. Ernst & Young was new to the job, having just replaced Deloitte & Touche as Super Micro's accounting firm in March 2023. Since the S&P's announced index changes in March, Super Micro's stock has dropped at least 10% on six separate occasions. — CNBC's Rohan Goswami and Kif Leswing contributed to this report WATCH: Super Micro stock is a 'very risky buy'

Persons: Ernst & Young, Deloitte didn't, hasn't, P's, Dow Jones, Kevin Barry, Barry, —, Rohan Goswami, Kif Leswing Organizations: Computer Inc, Bloomberg, Getty, Micro, Nvidia, Ernst, Nasdaq, Mizuho, Deloitte, Touche, CNBC, Ernst & Young, Dell, SEC, Super, Hindenburg Research, Super Micro, U.S, U.S . Super, Whirlpool, P Global Locations: San Jose , California, U.S, That's, U.S .

President Harris would probably put more pressure on Israel to reach a cease-fire and open up talks with the Palestinians. Ukrainians worry that a President Trump would force a quick and dirty peace deal favorable to Russia. They hope a President Harris would continue to support them on the battlefield. Under President Harris, that would probably mean continuity with the Biden administration policies that have become much more restrictive over time. Migrants from all over the world pass through Mexico to get to the U.S. border, and the United States can’t control the flow of migrants without Mexico’s assistance.

Persons: Israel Patrick Kingsley, Harris, Trump, Benjamin Netanyahu, Ukraine Anton Troianovski, Volodymyr Zelensky, Vladimir V, Putin, Biden, China Keith Bradsher, NATO Steven Erlanger, United States doesn’t, “ I’m, Ana Swanson, Donald Trump, haven’t, South Africa John Eligon, Biden —, Harris —, Mexico Natalie Kitroeff, Somini Sengupta Organizations: Trump, U.S, Manufacturing, NATO, The Times, Global, United, Biden Locations: Jerusalem, Israel, Gaza, Iran, Russia, Ukraine, Moscow, United States, America, Europe, China, Beijing, Taiwan, Japan, South Korea, Philippines, India, —, Hungary, Italy, Germany, South Africa, Johannesburg, Africa, Zambia, Indian, Brazil, Ethiopia, BRICS, Mexico, Mexico City, U.S

☆ Apple stuck it to the naysayers with better-than-feared financials, emerging iPhone 16 demand
▼ + stars: | 2024-10-31 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

While the hardware sales are certainly profitable, they pale in comparison to the profitability of Apple's Services. It's impossible to do consistently, and that's why Jim Cramer always says "own, don't trade" Apple stock. During the reported quarter, Apple returned over $29 billion to shareholders, including $3.8 billion in dividends and equivalents and another $25 billion via the repurchase of 112 million shares. Though Services sales missed the mark, gross income managed to outpace expectations thanks to significant year-over-year margin expansion. The growing installed base of active devices is of course translating into strong engagement with Apple's services.

Persons: Luca Maestri, that's, Jim Cramer, Time Cook, Apple, we're, Maestri, Jim Cramer's, Jim, Michael M Organizations: Apple, Samsung, Dell, HP Inc, of Asia, of Asia Pacific, Mac, Apple Watch, Apple Intelligence, Apple's Services, iOS, CNBC, Fifth, Santiago, Getty Locations: Apple's, Americas, Europe, Asia Pacific, Japan, Greater China, iPhones, Kantar, U.S, China, Australia, New York City

☆ Trump is already poisoning trust in yet another US election
▼ + stars: | 2024-10-31 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

On one level, Trump’s comment shows how his false election fraud claims have entered the outer realms of absurdity. The election fraud claims that Trump most notably supercharged in 2020 to salve his humiliation at losing to Joe Biden are already at high intensity this year. After laying out the darkest closing argument in modern American history, Trump is now increasingly turning to poisoning public confidence in the election. Gore conceded that election, thereby guaranteeing an uncontested transfer of presidential power — a step Trump refused to take four years ago. Just 30% of registered voters think Trump would accept the results of the election and concede if he loses, while 73% say that Harris would accept an election loss.

Persons: Donald Trump, he’d, Trump, he’s, Joe Biden, “, ”, we’d, Kamala Harris, Harris, Andy Harris, Hurricane Helene, Glenn Youngkin, Elon Musk, bellicose, Brendan McDermid, Al Gore, George W . Bush, Gore, Stacey Abrams, Republican Brian Kemp, CNN’s Danny Freeman, ” Trump, Josh Shapiro, CNN’s Kaitlan Collins, “ Donald Trump, Jonathan Drake, Gabriel Sterling, Georgia, ” Sterling, CNN’s Jake Tapper Organizations: CNN, Republican, New, Democratic, GOP, Republican National Committee, Maryland Republican, —, Trump, Republicans, Representatives, Virginia Gov, Albuquerque International, Reuters, Texas Gov, US, Georgia, Pennsylvania, stoke Locations: California, New Mexico, Pennsylvania, Maryland, Hurricane, United States, Albuquerque , New Mexico, Florida, Lancaster County, York County, Marion , North Carolina, Georgia

☆ California could soon have nation’s highest minimum wage if voters approve
▼ + stars: | 2024-10-31 | by ( Tami Luhby | ) edition.cnn.com time to read: +5 min

CNN —California voters will decide this election whether to increase the state’s minimum wage to $18 an hour, which would be the highest in the US. Currently, the Golden State’s minimum wage is $16 and is set to rise to $16.50 next year. California has been among the more aggressive states when it comes to hiking the minimum wage. Some 44% of likely California voters said they would vote yes in an October poll conducted by the Public Policy Institute of California, down from 50% in September. Jerry Brown, gradually raised the minimum wage, giving employers the opportunity to adjust, Condie said.

Persons: Joe Sanberg, ” Sanberg, “, Enrique Lopezlira, ” Lopezlira, ” Jennifer Barrera, Jot Condie, ”, Jerry Brown, Condie Organizations: CNN, Public, Institute of California, Institute for Research, Labor, Employment, University of California, MIT, California Chamber of Commerce, Golden State, California Restaurant, Democratic Gov Locations: California, Berkeley, Golden

☆ 30 essential tips for living a longer, happier, more successful life with no regrets
▼ + stars: | 2024-10-31 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +6 min

The anti-aging market is littered with innovative products and procedures that promise consumers a healthier, happier, longer life. But prolonging your life isn't only about physical fitness: a near 90-year-long study from Harvard University found that those who live happier, longer lives have good relationships. If you want to live longer and feel more fulfilled you probably don't need lasers or freezers. 30 essential tips for living a longer, happier, more successful life1. If you can't drive, don't live somewhere where the doctor is a 30-minute car ride away.

Persons: superagers, dieticians, Warren, Buffets, Valter Longo, David Watson, Warren Buffet, Neil Paulvin, Danielle Miura, Mark La Spisa, García, Francesc Miralles, Charlie, Munger, Warren Buffett, it's, Thema Bryant Organizations: Harvard University, Italy —, Cancer Laboratory, IFOM, of Oncology, University of Notre Dame, GameStop Locations: New York City, Blue, Okinawa, Japan, Sardinia, Italy

☆ How Hundreds of Hands Brought 'Memoir of a Snail' to Life
▼ + stars: | 2024-10-31 | by ( Carlos Aguilar | ) www.nytimes.com time to read: 1 min

Each one of the tiny items in the background had to be hot glued onto the set. Setting up this single moment took the team an entire day of work.

☆ Temu to be investigated by EU tech regulators over sale of illegal products
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +1 min

Chinese online retailer Temu will be investigated on whether it may have breached EU tech rules against the sale of illegal products, EU tech regulators said on Thursday, in a move which could lead to hefty fines for the company. Temu, which has 92 million users in the 27-country European Union, is a unit of Chinese ecommerce giant PDD Holdings . The EU tech enforcer will also investigate whether Temu is complying with the DSA obligation to provide researchers access to its publicly accessible data. Particularly in ensuring that products sold on their platform meet EU standards and do not harm consumers," EU antitrust and tech chief Margrethe Vestager said in a statement. Temu could face a fine of as much as 6% of its global turnover if found guilty of breaching the DSA.

Persons: Margrethe Vestager Organizations: EU, European Commission, Digital Services, Union, PDD Holdings, DSA Locations: EU

☆ Miu Miu is hot right now — and Prada's chic sibling is helping it buck the luxury slowdown
▼ + stars: | 2024-10-31 | by ( Maria Noyen | ) www.businessinsider.com time to read: +3 min

This was largely due to the success of its sister brand, Miu Miu. AdvertisementPrada Group is defying the luxury slowdown thanks to its Miu Miu brand. Miu Miu products, like its micro skirt, have a cult following among Gen Z consumers. Related stories"Likewise, Miu Miu would probably not be experiencing this type of growth today if it hadn't been part of a larger group," Bonini added. In a note to clients on Wednesday, Bernstein analyst Luca Solca said that the brand's current trajectory "confirms our view that the market is underappreciating the growth that Miu Miu can generate in the next 12 to 18 months."

Persons: Miu Miu, —, Kering, Miuccia Prada, Emily Ratajkowski, Hunter Schafer, Hailey Bieber, Blanca Zugaza Escribano, execs, Andrea Guerra, Prada, Andrea Bonini, Miu, Bonini, Bernstein, Luca Solca Organizations: Prada, Service, Hermès Locations: China

☆ Israel’s military leaders signal their work in Gaza and Lebanon is done. Will Netanyahu listen?
▼ + stars: | 2024-10-31 | by ( Mick Krever | ) edition.cnn.com time to read: +5 min

It comes as Lebanon’s prime minister says that a ceasefire between Hezbollah and Israel could be imminent. In Gaza, he said, “if we take out the northern Gaza Brigade commander, it’s another collapse…. Amir Cohen/ReutersIsraeli Prime Minister Benjamin Netanyahu has repeatedly pledged “absolute victory.” His defense minister and longtime political tormentor Yoav Gallant has bristled at that goal. That’s a far cry from the existing, maximalist war aim of eliminating Hamas’ military and governance capabilities. A spokesperson for the prime minister declined to comment.

Persons: –, ” Herzi Halevi, Staff Herzi Halevi, Amir Cohen, Benjamin Netanyahu, ”, Yoav Gallant, ” Gallant, Najib Mikati, Amos Hochstein, Israel, Hassan Nasrallah, Mikati, Ariel Hermoni, Gallant, “, Netanyahu Organizations: Jerusalem CNN, Israel Defense Forces ’, “, General Staff, Hezbollah, Gaza, Staff, Reuters, CNN, Defense, State Locations: Jerusalem, Lebanon, Gaza, Israel, there’s, Reuters Israeli, we’re, Iran, Qatar

Search resuls for: "Jain Institute of Management

25 mentions found