DIRS.INFO The most relevant business & tech news

☆ Safiullin stuns Alcaraz at Paris Masters
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

[1/5] Tennis - ATP Masters 1000 - Paris Masters - AccorHotels Arena, Paris, France - October 31, 2023 Russia's Roman Safiullin in action during his round of 32 match against Spain's Carlos Alcaraz REUTERS/Stephanie Lecocq Acquire Licensing RightsOct 31 (Reuters) - World number two Carlos Alcaraz crashed to a 6-3 6-4 loss to Russia's Roman Safiullin in the second round at the Paris Masters on Tuesday. The 20-year-old Spaniard seemed to recover as he again broke the feisty 45th-ranked Saffiullin's serve early in the second set to take a 3-1 advantage. Ninth seed Taylor Fritz's hopes of an ATP Finals berth diminished as the American withdrew before his second round match against Daniel Altmaier with an abdominal injury. The world number 10 will be out of the season-ending tournament should Denmark's sixth seed Holger Rune beat Dominic Thiem in his second round match. Reporting by Janina Nuno Rios in Mexico City; Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Spain's Carlos Alcaraz, Stephanie Lecocq, Carlos Alcaraz, Saffiullin's, Novak Djokovic, Argentina's Tomas Etcheverry, Taylor Fritz's, Daniel Altmaier, Holger Rune, Dominic Thiem, Alexander Zverev, Hungary's, Hungary's Marton Fucsovics, Poland's Hubert Hurkacz, American Sebastian Korda, Argentine Francisco Cerundolo, Monfils, Karen Khachanov, Russian Andrey Rublev, Janina Nuno Rios, Toby Davis Organizations: Paris, Wimbledon, Swiss, Serbian, ATP, American, Hungary's Marton, Argentine, Thomson Locations: Paris, France, Russian, Turin, Mexico City

☆ Murray bows out of Paris Masters in first round
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

Murray lost his serve in the opening game of the match, but came back to lead 5-4 before De Minaur won the opening set in a tiebreak. The Briton took the second set and at 5-2 up in the decider, looked set for victory. Despite serving twice for the match, Murray lost momentum as De Minaur's comeback saw him break his opponents serve three times winning the last five games to claim victory in the battle which lasted three hours. Murray smashed his racquet in frustration after the agonising loss, and he has yet to win a match in this competition since winning the tournament in 2016. Alejandro Davidovich Fokina defeated 15th seed Ben Shelton, the Spaniard overcoming the American 7-6(4) 5-7 6-3, while Karen Khachanov recorded a routine win over Max Purcell, the 16th seed Russian winning 6-4 6-4 against the Australian.

Persons: Andy Murray, Switzerland's Leandro Riedi, Jason Cairnduff, Alex de Minaur, De Minaur, Murray, Minaur's, Frances Tiafoe, Alexander Bublik, Taylor Fritz, Argentina's Sebastian Baez, Tommy Paul, Frenchman Richard Gasquet, Alejandro Davidovich Fokina, Ben Shelton, Karen Khachanov, Max Purcell, Novak Djokovic, Holger Rune, Carlos Alcaraz, Daniil Medvedev, Trevor Stynes, Anita Kobylinska, Christian Radnedge Organizations: AO, Paris, ATP, Murray, Briton, Thomson Locations: Britain, Switzerland, Manchester, Turin, American

☆ Investors reject Sanofi's cure to sickly valuation
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +3 min

LONDON, Oct 27 (Reuters Breakingviews) - Sanofi (SASY.PA) investors dislike CEO Paul Hudson’s prescription to reinvigorate the pharmaceutical group’s weak valuation. Analysts polled by LSEG expect the division to hit an EBIT of 1.6 billion euros this year. On listed rival Haleon’s 15.6 times multiple, that business could be worth 25 billion euros. The rest of the Sanofi business may generate EBIT of 11.4 billion euros. The problem is that investors don’t appear to want to take the harsh medicine that leads to a cure.

Persons: Paul Hudson’s, Ernst & Young, Sanofi, EBIT, Roche, Karen Kwok, Francesco Guerrera, Streisand Neto Organizations: Reuters, Sanofi, Ernst, LSEG, Novartis, Novo Nordisk, GSK, AstraZeneca, X, Unilever, Thomson

☆ ATP roundup: Top seed Holger Rune squeaks into Basel semis
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +1 min

1 seed Holger Rune of Denmark got past Argentina's Tomas Martin Etcheverry 6-1, 3-6, 7-6 (6) Friday to reach the semifinals of the Swiss Indoors Basel. But on the 13th point, Rune hit a dead netcord for a flukey, if fortunate, point. Hurkacz rallied past Dutch opponent Tallon Griekspoor 6-7 (6), 6-4, 6-4, while Humbert beat Swiss wild card Dominic Stricker 6-4, 2-6, 6-2. 1 seed Daniil Medvedev of Russia needing three sets to beat countryman and eighth seed Karen Khachanov 6-3, 3-6, 6-3 in the quarters. 2 seed Jannik Sinner of Italy won 32 of 38 first-service points (84.2 percent) to beat seventh-seeded American Frances Tiafoe 6-3, 6-4.

Persons: Holger Rune, Denmark, Argentina's Tomas Martin Etcheverry, Rune, Felix Auger, Alexander Shevchenko, Hubert Hurkacz, Ugo Humbert of France, Hurkacz, Tallon Griekspoor, Humbert, Dominic Stricker, Daniil Medvedev, Karen Khachanov, Medvedev, Stefanos Tsitsipas, Croatia's, Italy, Frances Tiafoe, Andrey Rublev, Alexander Zverev Organizations: Swiss Indoors Basel, Russian, Swiss, Erste Bank, Thomson Locations: Canadian, Poland, Vienna

☆ ATP roundup: Daniil Medvedev headlines day of sweeps at Vienna
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

Overall, Medvedev won 28 of 31 first-service points while collecting 16 winners against just three unforced errors. Sinner topped American Ben Shelton 7-6 (2), 7-5; Gojo ousted Russia's Aslan Karatsev 6-3, 6-3; and Monfils downed Daniel Altmaier of Germany 6-4, 6-4. In second-round action, fifth-seeded German Alexander Zverev downed Great Britain's Cameron Norrie 6-2, 6-4, while No. Swiss Indoors BaselArgentina's Tomas Martin Etcheverry rallied to beat Andy Murray of Great Britain 6-7 (5), 6-3, 6-2 in a second-round match at Basel, Switzerland. 4 seed Hurbert Hurkacz of Poland also won his second-round match, sweeping German Jan-Lennard Struff 6-1, 6-4.

Persons: Russia's Daniil Medvedev, Sebastian Korda, Aly, Daniil Medvedev, Frenchman Arthur Fils, Fils, Medvedev, Italy, Borna Gojo, Gael Monfils, Sinner, Ben Shelton, Gojo, Russia's Aslan Karatsev, Monfils, Daniel Altmaier, Alexander Zverev, Britain's Cameron Norrie, Karen Khachanov, Jiri Lehecka, Basel Argentina's Tomas Martin Etcheverry, Andy Murray of, Etcheverry, Murray, Lennard, Casper Ruud, Taylor Fritz, Felix Auger, France's Ugo Humbert Organizations: Shanghai, Sports City Arena, U.S, REUTERS, Erste Bank, Swiss, Basel Argentina's, Thomson Locations: Shanghai, China, Vienna, Croatian, Germany, Russia, Czech, Andy Murray of Great Britain, Basel, Switzerland, Poland

☆ West’s latest China corporate risk: medical graft
▼ + stars: | 2023-10-23 | by ( Karen Kwok | ) www.reuters.com time to read: +4 min

An employee wearing a face mask is seen at a workshop of computed tomography (CT) scanners of medical device firm Siemens Healthineers in Shanghai, China, February 24, 2020. REUTERS/Aly Song Acquire Licensing RightsLONDON, Oct 23 (Reuters Breakingviews) - China corporate risk has spread to Western medical device companies. According to BMI analysts, about two-thirds of Chinese medical devices used by local hospitals and clinics are imported from Western groups. That implies a direct hit to the order and revenue growth for medical device firms. Domestic brands, which have historically lagged in the advanced end of the medical device market, took the whole of last decade just to hike their share from around 20% to 30%, Deloitte says.

Persons: Aly, Philips, George Hay, Oliver Taslic Organizations: Siemens, REUTERS, Reuters, Volkswagen, Philips, GE Healthcare, BMI, National Health Commission, Siemens Healthineers, Reuters Graphics Reuters, Deloitte, GE, Healthineers, Thomson Locations: Shanghai, China, People’s Republic, Beijing, United States

☆ ATP roundup: Sebastian Korda sent packing early in Basel
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +1 min

Korda fired eight aces to Etcheverry's two and won 33 of 39 first-serve points (84.6 percent), but Etcheverry moved on after saving four of six break points and breaking Korda twice in three opportunities. Dutch qualifier Botic van de Zandschulp beat Spaniard Roberto Bautista Agut 7-5, 6-7 (3), 6-2 in three hours, three minutes. 5 seed Alexander Zverev of Germany made quick work of Austrian wild card Sebastian Ofner, winning 6-4, 6-1 in the first round in Vienna. 8 seed Karen Khachanov defeated Roman Safiullin 6-4, 6-4 in a match between Russians. Cameron Norrie of Great Britain, Matteo Arnaldi of Italy and Jiri Lehecka of the Czech Republic also advanced.

Persons: Sebastian Korda, Argentina's Francisco Cerundolo, Aly, Tomas Martin Etcheverry, Korda, Etcheverry, Botic van, Zandschulp, Roberto Bautista Agut, Andy Murray of Great, Germany's Yannick Hanfmann, Argentina's Sebastian Baez, Germany's Jan, Lennard Struff, Alexander Zverev, Sebastian Ofner, Ofner, Zverev, Karen Khachanov, Roman Safiullin, Cameron Norrie, Matteo Arnaldi, Jiri Lehecka Organizations: Shanghai, Sports City Arena, Swiss, Basel, Erste Bank, Austrian, Thomson Locations: Shanghai, China, Argentina, Germany, Vienna, Great Britain, Italy, Czech Republic

☆ A big climate change stress test is coming for Amazon sellers and suppliers
▼ + stars: | 2023-10-14 | by ( Laura Petrecca | ) www.cnbc.com time to read: +6 min

"The pressure is coming at companies, who are then putting pressure on suppliers," said Bob Willard, a corporate consultant and author of six books on sustainability. AstraZeneca suppliers are expected to annually report emissions data to the CDP and set science-based goals. "Tracking emissions data is no easy feat," says Karen Kerrigan, president and CEO of the Small Business & Entrepreneurship Council. Small businesses already under economic stressAmid ongoing fears of recession, higher interest rates cutting into sources of capital, signs of weaker consumer demand, and labor market challenges, small businesses have focused more on employees and their bottom line than sustainability. The report found, as previous climate accounting has typically shown, that the majority of emissions come from suppliers.

Persons: Bob Willard, Andrew Winston, Winston, Karen Kerrigan, Chaitali Patel, Patel, Russell Organizations: Amazon, Microsoft, Walmart, Apple, AstraZeneca, Intuit QuickBooks, Small Business, Entrepreneurship Council, Greenhouse, CNBC, SurveyMonkey, Survey, New York Times

☆ Ericsson $3 bln hit ticks most boxes for M&A folly
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Mike Blake Acquire Licensing RightsLONDON, Oct 12 (Reuters Breakingviews) - Börje Ekholm’s overpriced M&A has come home to roost. The $15 billion Swedish telco equipment maker’s chief executive said on Wednesday he was writing down 50% of the value of software company Vonage. While the 32 billion Swedish crowns ($3 billion) hit is a non-cash impairment, Vonage remains a major goof. Ericsson bought it for $6.2 billion as recently as November 2021, in cash, and the deal only closed three months ago. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Blake, Breakingviews, Ekholm, Karen Kwok, George Hay, Streisand Neto Organizations: T's, REUTERS, Reuters, Ericsson, Deutsche Telekom, Reuters Graphics Reuters, X, Qantas, Thomson Locations: San Diego , California, U.S, Brussels

☆ LVMH may have to settle for a more humdrum future
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

The disappointing results knocked 6% off LVMH stock on Wednesday and dragged down rivals Richemont (CFR.S) and Kering (PRTP.PA) which also fell about 3%. That may compound investor worries about an overall slowdown of the company that’s behind Louis Vuitton and Christian Dior (DIOR.PA). And China’s economic slowdown and a possible U.S. recession make their future even more uncertain. LVMH is trading at 20 times its expected 2023 earnings after Wednesday's fall. If the less exuberant times keep rolling, LVMH may find itself settling for an even less luxurious valuation.

Persons: Richemont, Bernard Arnault’s, Louis Vuitton, Christian Dior, Karen Kwok, Aimee Donnellan, Streisand Neto Organizations: Reuters, UBS, Hermès, Reuters Graphics Reuters, Qantas, Thomson Locations: Asia, Japan, Brussels

☆ SoftBank’s AI dream team is far from iPhone killer
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

LONDON, Sept 28 (Reuters Breakingviews) - SoftBank Group’s (9984.T) Masayoshi Son, former Apple (AAPL.O) iPhone designer Jony Ive, and Sam Altman, boss of ChatGPT’s creator OpenAI, are forming a seemingly exciting alliance. SoftBank, which is flush with cash after the Arm IPO, is putting up over $1 billion into the project. Several Big Tech companies have tried to build consumer devices that imitate the popularity of the iPhone, without much success. And AI queries may drain mobile batteries quickly, as some iPhone users have discovered. It’s unclear what kind of device Son, Ive and Altman have up their sleeves.

Persons: Group’s, Son, Jony, Sam Altman, OpenAI, Altman, Karen Kwok, ’, quagmire, Neil Unmack, Oliver Taslic Organizations: Reuters, Apple, Financial Times, Big Tech, Counterpoint Research, Ericsson, X, Thomson Locations: Ukraine

☆ ATP roundup: Alexander Zverev, Karen Khachanov win titles
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

Zverev, 26, recorded 10 aces to dispatch Safiullin and win the match in two hours, 56 minutes. Safiullin, 26, collected 33 winners but was undone, in part, by 15 unforced errors and four double faults. 1 seed Karen Khachanov captured his fifth tour-level title and first since 2018 with a 7-6 (2), 6-1 win over eighth-seeded Yoshihito Nishioka of Japan in Zhuhai, China. Khachanov, 27, recorded 34 winners and nine aces to win the match in one hour, 43 minutes. Nishioka, 27, was bidding for his third tour-level title and first since Seoul last year.

Persons: Safiullin, Italy's Jannik, Hannah Mckay, Alexander Zverev, Zverev, Karen Khachanov, Nishioka Organizations: Lawn Tennis, Croquet Club, Thomson Locations: London, Britain, Germany, Russian, Chengdu, China, Safiullin, Japan, Zhuhai, Seoul

☆ ATP roundup: Alexander Zverev reaches Chengdu final
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +1 min

Mandatory Credit: Danielle Parhizkaran-USA TODAY Sports/File Photo Acquire Licensing RightsSeptember 25 - Top-seeded Alexander Zverev of Germany will meet unseeded Russian Roman Safiullin in the Chengdu Open final in Chengdu, China. Zverev saved all five break points and fired nine aces in a 6-3, 7-6 (2) semifinal win on Monday against No. Zverev is chasing his first hard-court title since the Nitto ATP Finals in November 2021. Standing in the way is Safiullin, who reached the final of the ATP 250 event with a 6-3, 6-4 upset against No. Nishioka advanced Monday with a 6-4, 6-4 win against Russia's Aslan Karatsev.

Persons: Alexander Zverev, Carlos Alcaraz, USTA Billie Jean King, Danielle Parhizkaran, Zverev, Grigor Dimitrov of Bulgaria, Lorenzo Musetti, Safiullin, Karen Khachanov, Sebastian Korda, Korda, Nishioka, Russia's Aslan Karatsev, Karatsev Organizations: USTA Billie, USTA Billie Jean King National Tennis Center, Zhuhai, Adelaide, Thomson Locations: Flushing , NY, USA, Germany, Spain, Russian, Chengdu, China, Italy, Russia, Japan, Zhuhai

☆ Permira will have to work to exit classified hole
▼ + stars: | 2023-09-22 | by ( Karen Kwok | ) www.reuters.com time to read: +3 min

LONDON, Sept 22 (Reuters Breakingviews) - Permira is trying to salvage its bet on classified ads. But buying more may be the best way for Permira to make a healthy return, provided the business can be turbocharged. On Thursday, Adevinta said it had received a non-binding offer from Blackstone and Permira. Norwegian media group Schibsted, a 28% Adevinta shareholder, and eBay, which owns a 33% stake, expressed their support for the proposal and will retain part of their current stake, Adevinta said. In 2021 eBay sold 10% of its stake in Adevinta to Permira for $2.25 billion.

Persons: Adevinta, Permira, Blackstone, Aimee Donnellan, Streisand Neto Organizations: Reuters, Blackstone, eBay, Reuters Graphics Reuters, EBay, Permira, Thomson Locations: Norwegian, Adevinta, Oslo, Permira

☆ The inflation threat isn't over yet – and the Fed won't ease up in fighting it overnight, the co-chief investor of the world's largest hedge fund says
▼ + stars: | 2023-09-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The inflation threat isn't over and interest rates won't sink overnight, Bridgewater's co-CIO says. Karen Karniol-Tambour sees little reason for rate cuts with a strong economy and sticky inflation. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Indeed, the Fed may realize that inflation isn't fading, and markets are pricing in rate cuts that it's uncomfortable making, Karniol-Tambour said. Even so, bond investors are pricing in a "pretty good number of rate cuts" starting next year, Karniol-Tambour said.

Persons: Bridgewater's, Karen Karniol, Tambour, David Rubenstein, Jerome Powell, Ray Dalio, Nir Bar Dea, CIOs, Greg Jensen, Bob Prince Organizations: Service, Bridgewater Associates, Bloomberg Locations: Wall, Silicon

LONDON, Sept 21 (Reuters Breakingviews) - Barely a day goes by without an eye-catching story involving Saudi Arabia’s Public Investment Fund. A third of the fund consists of significant stakes in domestic companies like the $51 billion Saudi Telecom Company (7010.SE) and $53 billion Saudi National Bank (1180.SE). Reuters Graphics Reuters GraphicsThe PIF’s investment strategy is also racier than its more conservative peers. But the episode reinforces the impression that the PIF is a mix of venture capital, hedge fund and startup money. The most spectacular was probably handing $45 billion to SoftBank Group (9984.T) boss Masayoshi Son for his $100 billion first Vision Fund.

Persons: Kylian Mbappé, It’s, Prince Mohammed bin Salman, Yasir Al, Abu Dhabi’s Mubadala, Rumayyan, Salman bin Abdulaziz, Masayoshi Son, SWFs, Taiwan’s Foxconn, Peter Thal Larsen, Streisand Neto Organizations: Reuters, Saudi Arabia’s Public Investment Fund, Standard Chartered, Spanish telco Telefonica, Fund, Abu, Abu Dhabi Investment Authority, Global, Reuters Graphics Reuters, Saudi, Saudi Telecom Company, Saudi National Bank, Saudi Aramco, giga, Qatar Investment Authority, Singapore’s Temasek, Al, MbS, SoftBank Group, Vision, Credit Suisse, UBS, Saudi giga, Aramco, Investment, Thomson Locations: Spanish, Abu Dhabi, Riyadh, Saudi

☆ Prosus CEO exit leaves Tencent elephant in room
▼ + stars: | 2023-09-18 | by ( Karen Kwok | ) www.reuters.com time to read: +3 min

REUTERS/Siphiwe Sibeko Acquire Licensing RightsLONDON, Sept 18 (Reuters Breakingviews) - Bob van Dijk is passing an unsolved problem to his successor. The Tencent stake that it owns made up about 75% of the group’s $130 billion portfolio value as of Sept. 15. His workaround was to instead sell little chunks of Tencent shares, and use the proceeds to buy back Prosus stock. Still, the gap reflects shareholders’ ongoing struggles to value Prosus. Neither Prosus nor the 50-year-old van Dijk gave a reason for his exit, but the persistence of the discount won’t have helped.

Persons: Bob van Dijk, Siphiwe, Ervin Tu, Africa’s, Van, van Dijk, It’s, Goldman Sachs, Prosus, Naspers, van Dijk’s, George Hay, Streisand Neto, Oliver Taslic Organizations: REUTERS, Reuters, Prosus, HK, Interim, Vision, Thomson Locations: Johannesburg, South Africa, Amsterdam, India, Brazil, Tencent

Like other consumer rates, mortgage rates are impacted in large part by what's going on in the economy. The MBA forecast sees rates falling more aggressively, predicting that 30-year mortgage rates will drop to 5% by the end of 2024. This allowed mortgage rates to drop as low as they did, with 30-year mortgage rates reaching an all-time low of 2.65% in January 2021, according to Freddie Mac. Mortgage rates in 2024: FAQsWhat will mortgage rates do in 2024? Once the Federal Reserve stops hiking rates and inflation slows, all consumer interest rates, including mortgage rates, will likely start going down in 2024.

Persons: homebuyers, what's, Afifa Saburi, Fannie Mae's, Freddie Mac, Lawrence Yun, that's, Karen Kostiw, Coldwell Banker Warburg, refinance, Saburi Organizations: Service, Federal Reserve, Bureau of Labor Statistics, Veterans United, Loans, NAR, National Association of Realtors, CNBC, Federal Housing Finance Agency, Coldwell Banker, Mortgage, Association Locations: Wall, Silicon, New York City, Chevron

☆ Arm’s $52 bln IPO value sets stage for a fall
▼ + stars: | 2023-09-14 | by ( Karen Kwok | ) www.reuters.com time to read: +4 min

Arm’s IPO investors are effectively paying a slight premium while also betting that both growth and profitability are about to soar. Haas could then charge higher royalty rates. In the last calendar year, the company estimated that its royalty revenue equated to 1.7% of total worldwide spending on Arm-based chips. It’s not clear how many important Arm customers like Apple (AAPL.O), Nvidia (NVDA.O) and Samsung Electronics (005930.KS) have agreed to pay higher royalty rates. Nor will rising royalty rates necessarily compensate for possibly ongoing sluggish sales of smartphones, its key historic market.

Persons: Rene Haas, Haas, It’s, SoftBank, Liam Proud, Sharon Lam Organizations: Reuters, SoftBank Group, Cadence Design Systems, Apple, Nvidia, Samsung Electronics, Reuters Graphics Reuters, Thomson Locations: KS, British, New York

☆ Deliveroo lacks tasty recipe for takeover call
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +2 min

LONDON, Sept 14 (Reuters Breakingviews) - Deliveroo’s (ROO.L) valuation makes it a plausible takeover target, but Chief Executive Will Shu has a weak hand in negotiating any deal. Activist investor Sachem Head Capital Management has built a stake in the London-listed food delivery company, Bloomberg reported late on Wednesday. Share prices of Deliveroo rose nearly 5% on Thursday morning. That’s below the 1.5 times average of rivals Delivery Hero (DHER.DE), Just Eat Takeaway.com (TKWY.AS), HelloFresh (HFGG.DE) and DoorDash (DASH.N). Lastly, Delivery Hero and Amazon’s 5% and 12.5% stakes could complicate any deal.

Persons: Will Shu, LSEG, Uber, Karen Kwok, BoE, Neil Unmack, Streisand Neto Organizations: Reuters, Head Capital Management, Bloomberg, X, Treasury, Thomson Locations: London

☆ Fafsa Changes Are Coming. Here’s What You Should Know.
▼ + stars: | 2023-08-31 | by ( Cheryl Winokur Munk | ) www.wsj.com time to read: 1 min

Journal Reports: Investing MonthlyNow That We’re Retired, Is It Time to Move to Kansas? By Stephen Kreider Yoder , and Karen Kreider YoderThere are a lot of reasons to leave San Francisco. But there are just as many reasons to stay.

Persons: Stephen Kreider Yoder, Karen Kreider Yoder Locations: Kansas, San Francisco

☆ Now That We’re Retired, Is It Time to Move to Kansas?
▼ + stars: | 2023-08-31 | by ( Stephen Kreider Yoder | Karen Kreider Yoder | ) www.wsj.com time to read: 1 min

Every time the California couple visits Kansas, they talk about moving there. Illustration: Martin TognolaThe first year in retirement is often the most difficult. But it also can set the stage for how you’ll fill the years ahead—both financially and psychologically. Stephen Kreider Yoder, a longtime Wall Street Journal editor, joined his wife, Karen Kreider Yoder, in retirement a year ago. In this monthly Retirement Rookies column, the 66-year-olds chronicle some of the issues they are dealing with early in retirement.

Persons: Martin Tognola, Stephen Kreider Yoder, Karen Kreider Yoder Organizations: Wall Street Journal Locations: California, Kansas

☆ This New Zealand city is trying to recruit Americans—what it's actually like to move there
▼ + stars: | 2023-08-31 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +4 min

If you've ever dreamt about moving abroad, the capital city of New Zealand just made it easier. Wellington tends to attract early-career workers and those in search of a better balance, Allen says: "Here, people are more relaxed in their work life. Jon Kroll moved from LA to Wellington, New Zealand, in 2022. New quality of life boost is 'off the charts'Kroll says the cost of living is pretty comparable to life in LA. Want to be smarter and more successful with your money, work & life?

Persons: John Allen, Allen, That's, Wellington Jon Kroll, Jon Kroll, Karen Kroll Kroll, Karen, Kroll, Warren Buffett Organizations: New Zealand, U.S, FIFA, WellingtonNZ, Wellington Locations: New Zealand, Wellington, Australia, LA, Los Angeles, Wellington , New Zealand

☆ US Open: Home crowd favorites Jessica Pegula and Madison Keys make the perfect start
▼ + stars: | 2023-08-29 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +3 min

CNN —Home crowd favorite Jessica Pegula made the perfect start to her US Open campaign, beating underdog Camila Giorgi in straight sets. Pegula made light work of her Italian opponent, breezing to a 6-2 6-2 opening-round victory in just an hour and 22 minutes. Pegula impressed winning 6-2 6-2 in straight sets. Elsewhere on the women’s side of the draw, Pegula’s compatriot Madison Keys was also able to make her way into the second round. Buoyed by the home crowd, Mmoh stormed to a 6-2 6-2 6-4 victory to march onto round two – matching his best ever US Open result.

Persons: Jessica Pegula, Camila Giorgi, breezing, Pegula, Giorgi, Sarah Stier, ” Pegula, “, Madison Keys, Keys, Arantxa Rus, Manu Fernandez, Patricia Maria Țig, Rebecca Marino, Belgium’s Yanina, Michael Mmoh, Karen Khachanov, Khachanov, Mmoh, John Minchillo, John Isner, breezed, Facundo Diaz Acosta, Isner Organizations: CNN, US, Madison, Arantxa, U.S ., Argentinian Locations: Flushing Meadows

☆ Rolex’s deal is ticking time bomb for retailers
▼ + stars: | 2023-08-25 | by ( Karen Kwok | ) www.reuters.com time to read: +4 min

In the short term, these concerns look overstated, but Rolex’s move may still have called time on WoS’s business model. In that context, Friday’s slump in WoS shares looks excessive. That’s a modest sum relative to the enterprise value of 4 billion Swiss francs that Vontobel analysts believe Bucherer is worth. The news sparked a sharp sell-off in the UK-listed shares of Watches of Switzerland, a major retailer of Rolex watches. Watches of Switzerland shares were down more than 20% at 0933 GMT on Aug. 25.

Persons: –, WoS, Bucherer, Cartier, ”, Francesco Guerrera, Oliver Taslic Organizations: Reuters, Rolex, Reuters Graphics Reuters, RBC, Piguet, Switzerland, Thomson Locations: Switzerland, London, Swiss

Search resuls for: "Karen K"

25 mentions found