DIRS.INFO The most relevant business & tech news

European bank shares slumped, with an index of leading lenders (.SX7P) down 5.8%. Credit Suisse shares slumped 62%, reflecting the huge loss its shareholders will see in their investment in the bank. Monetary authorities in Singapore and Hong Kong, where Credit Suisse hosts large regional offices, separately said the Swiss bank's business continued without interruption. And Credit Suisse urged its staff to go to work, according to a memo to staff seen by Reuters. Credit Suisse staff arriving to work in Hong Kong and Singapore on Monday morning, however, fretted about retrenchments and retaining business.

☆ UBS rescue of Credit Suisse doesn't resolve the U.S. banking crisis
▼ + stars: | 2023-03-20 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The Swiss government gets an "A" for its speed in addressing the Credit Suisse problem, but it doesn't resolve the U.S. banking crisis. The banking crisis has tightened financial conditions because it has dramatically interrupted the flow of capital. Banks, particularly regional banks, will likely be doing much less lending for the rest of the year. The bad news: this banking crisis has once again revealed an age-old problem with capitalism: much of it is based on faith. "It should be clear that the most expedient and effective solution to this crisis is an expansion and modernization of the FDIC deposit insurance regime."

☆ The trailer for the new 'BlackBerry' movie is here and former 'CrackBerry' fans are shocked at how entertaining it looks
▼ + stars: | 2023-03-16 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

The "BlackBerry" trailer dropped Wednesday, and it's trending at number 21 on YouTube only 24 hours later. Critics and nostalgic BlackBerry fans alike say they're thrilled by the cast and the chance to revisit the iconic phone. It tells the story of the rise and fall of Canadian tech company Research in Motion, the maker of the BlackBerry. "I'm shocked that BlackBerry actually looks like it might be pretty damn good," Canadian tech editor Patrick O'Rourke tweeted. Although the film might strike the hearts of BlackBerry loyalists or Y2K enthusiasts, the phones most likely won't be back.

☆ The stock market set-up heading into the crucial CPI report Thursday morning
▼ + stars: | 2023-01-12 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Bespoke Investment Group noted that in the first seven trading days of 2023, 175 stocks in the Russell 1000 are up 10% or more. Going into 2023, the pain trade was that the market would rally. "An in-line report doesn't cut it, in-line has already been sold," Chris Murphy, co-head of derivative strategy at Susquehanna, told me. "In my mind it [CPI] would have to be below consensus for the market to rally," he told me. He is particularly watching rental costs: "For inflation to come down, rents have to come down, and if they don't the Fed is going to be concerned."

☆ Sam Bankman-Fried gave $2.5 million to a leading political ethics watchdog. The group says it can't give the money back because officials already spent it.
▼ + stars: | 2022-12-08 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +10 min

The Campaign Legal Center fights against lawlessness and unethical behavior in politics. Brendan Quinn, a spokesperson for the Campaign Legal Center, says the nonprofit organization cannot return or give away Bankman-Fried's money because the money is already spent. Asked whether the Campaign Legal Center would consider disgorging an amount of money equivalent to what Bankman-Fried contributed, Quinn noted that the Campaign Legal Center is not a political candidate or committee. The Campaign Legal Center has not yet provided Insider a copy, first requested December 2, of the most recent IRS 990 tax document filed by Campaign Legal Center Action, its advocacy arm. Former President Donald Trump has been a frequent target of the Campaign Legal Center's legal and ethics efforts.

☆ Investors focus on lower earnings outlook for 2023, but the evidence is so far mixed
▼ + stars: | 2022-12-07 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

The boomlet from Fed Chair JeromePowell's speech is now over. Second, a string of hot economic reports (November nonfarm payrolls, strong hourly earnings, strong ISM Services report), has convinced many that the much anticipated year-end stock rally is not going to happen. At the Goldman Sachs Financial Services Conference on Tuesday, CEOs were cautious but not gloomy. While some chose to focus on one or two CEOs warning of a slowing economy, most CEOs at the conference were not pessimistic. The bottom line: Investors, for the moment, are choosing to believe that the outlook for 2023 is leaning more to "earnings are going lower" rather than "earnings will be flat."

☆ Fed Chair Jerome Powell is once again the center of attention for markets
▼ + stars: | 2022-11-29 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Monday's 1.5% haircut for the S & P 500 was largely attributed to the unrest in China, but several traders brought up Fed Chair Jay Powell's Wednesday's speech at the Brookings Institution. Those comments, along with other hawkish sounding statements from Fed Vice Chair Lael Brainard, have everyone convinced Powell will pull another Jackson Hole on Wednesday. Indeed mortgage rates are already lower: A 30-year fixed rate mortgage has gone to 6.81% today from 7.24% on November 11th, according to Bankrate. That is 200 points lower than were the S & P sits today. The issue is, how many times is Powell going to reiterate this theme before it gets old?

☆ 5 months after the worst school shooting in Texas history, pro-gun Gov. Greg Abbott easily triumphed in Uvalde County
▼ + stars: | 2022-11-12 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +4 min

Greg Abbott won the race to remain governor just five months after the worst school shooting in Texas. "Unfortunately, 21 people dead doesn't change people's minds," a bereaved relative told the Texas Tribune. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyJust five months after the Robb Elementary School school shooting in Uvalde, the worst school shooting in Texas history, pro-gun Gov. He'd previously accused Abbott of inaction following the Uvalde shooting, saying, "You are doing nothing. "Unfortunately, 21 people dead doesn't change people's minds," said Jazmin Cazares, 17, whose nine-year-old sister, Jacklyn, was killed at the Robb Elementary school shooting, the outlet reported.

☆ Factbox: Who could run in the 2024 U.S. presidential election?
▼ + stars: | 2022-11-10 | by ( Katharine Jackson | ) www.reuters.com time to read: +7 min

His potential candidacy was buoyed by better-than-expected results for his fellow Democrats in Tuesday's midterm elections, which White House officials deemed a vindication of his administration's policies. FORMER PRESIDENT DONALD TRUMPRepublican former President Donald Trump has hinted seemingly endlessly that he will launch a 2024 White House run soon, most recently pointing to next Tuesday as the date for a possible announcement. VICE PRESIDENT KAMALA HARRISShould Biden decide not to run, Vice President Kamala Harris could step in. FORMER VICE PRESIDENT MIKE PENCERepublican former Vice President Mike Pence served as a loyal, prim No. The 63-year-old former Indiana governor is widely considered to be mulling a White House run.

Greg Abbott has won re-election to a third term, NBC News projects, soundly defeating a challenge from Democrat Beto O’Rourke. Polls in recent months had consistently shown Abbott leading; a recent RealClearPolitics average of surveys before the election showed him ahead by more than 8 percentage points. Greg Abbott at a campaign event in Fairview on Aug. 31. Texas hasn’t elected a Democratic governor in more than three decades, Abbott is a formidable fundraiser, and Texas Republicans have built inroads with Latino voters. After polls showed the race narrowing for a brief period over the summer, they then began showing Abbott pulling ahead.

☆ DeSantis wins re-election in Florida governor's race
▼ + stars: | 2022-11-09 | by ( Daniel Trotta | ) www.reuters.com time to read: +4 min

Michigan's Democratic Governor Gretchen Whitmer has made abortion a focal point of her re-election campaign. In Texas, Republican Governor Greg Abbott is expected to win a third term despite a lively campaign by his Democratic opponent, former U.S. congressman Beto O'Rourke. Georgia's Republican governor, Brian Kemp, also looks likely to prevail against Democratic challenger Stacey Abrams in a rematch of their 2018 race. In Pennsylvania, Republican candidate Doug Mastriano has echoed Trump's false claims of voter fraud. Democratic candidate Josh Shapiro has cast Mastriano as too extreme.

☆ 2022 midterm elections: Here are the states where recounts are likely
▼ + stars: | 2022-11-08 | by ( Jack Stebbins | ) www.cnbc.com time to read: +7 min

Is the recount automatic? Is the recount automatic? Is the recount automatic? Is the recount automatic? Is the recount automatic?

☆ Live Results: Texas votes in congressional and state elections
▼ + stars: | 2022-11-08 | by ( Walt Hickey | ) www.businessinsider.com time to read: +2 min

Polls close in Texas at 7 p.m. local time. Given the state has multiple timezones, the first polls close at 8 p.m. EST and the last polls close at 9 p.m. EST. It symobilizes the 2022 Election. Polls close in the state at 7 p.m. local time. Given the state has multiple time zones, the first polls close at 8 p.m. EST and the last polls close at 9 p.m. EST.

☆ U.S. governors races carry high stakes for abortion, elections
▼ + stars: | 2022-11-07 | by ( Daniel Trotta | ) www.reuters.com time to read: +6 min

The high stakes have brought increased money and attention to the state-level races, which typically get overshadowed in midterm elections by the fight for control of Congress. Georgia's Republican governor, Brian Kemp, also looks likely to prevail against Democratic challenger Stacey Abrams in a rematch of their 2018 race. Democrats are expected to flip Republican-held governorships in the states of Maryland and Massachusetts, but they face tough battles in a couple of other Democratic states. ABORTION RIGHTS AND DEMOCRACYAs with congressional races across the country, Democratic candidates for governor have warned of the threats Republicans could pose to abortion rights and elections should they win on Tuesday. Democratic Governor Gretchen Whitmer has made abortion a focal point of her re-election campaign in Michigan, where voters also will consider a ballot measure that would safeguard abortion rights in the state's constitution.

Nov 7 (Reuters) - Thirty-six of the 50 states will elect governors in Tuesday's U.S. midterm elections. Polls show him ahead of opponent Charlie Crist, a former Republican governor who switched parties and was elected to the U.S. House of Representatives as a Democrat. GEORGIARepublican Governor Brian Kemp faces Democratic nominee Stacey Abrams in a rematch of the state's close 2018 gubernatorial election. If elected, Abrams would be the first Black woman to serve as governor in the United States. MAINERecent opinion polls show Maine Governor Janet Mills, a Democrat, leading her Republican opponent, Paul LePage, who served as governor of the state from 2011 to 2019.

Nov 8 (Reuters) - Thirty-six of the 50 states are electing governors in Tuesday's U.S. midterm elections. Crist is a former Republican governor who switched parties and was elected to the U.S. House of Representatives as a Democrat. MAINERecent opinion polls show Maine Governor Janet Mills, a Democrat, leading her Republican opponent, Paul LePage, who served as governor of the state from 2011 to 2019. NEVADA[1/6] Campaign signs for Georgia Republican candidate for U.S. Senate Herschel Walker and Georgia Republican Governor Brian Kemp are seen defaced during the midterm elections in Columbus, Georgia, U.S., November 8, 2022. Although Trump endorsed him, Lombardo has sought to distance himself from the former president, accepting the 2020 elections results as legitimate.

☆ Actress Valerie Bertinelli 'becomes' Elon Musk, trolling the billionaire on Twitter to prove a point about blue check verification system
▼ + stars: | 2022-11-06 | by ( Bethany Biron | ) www.businessinsider.com time to read: +2 min

Valerie Bertinelli posed as Elon Musk on Twitter this weekend to show flaws in his newly proposed verification system. After changing her display name, she posted dozens of tweets in support of Democratic candidates. Several celebrities — including Shonda Rhimes and Sara Bareilles — have expressed plans to leave Twitter since Musk took over, citing concern with his leadership. "The blue checkmark simply meant your identity was verified," Bertinelli wrote on Twitter after changing her name. As "Elon Musk," she posted hashtags like #VoteBlueToProtectYourRights and shared tweets supporting gubernatorial contenders Gretchen Whitmore in Michigan and Beto O'Rourke in Texas, among others.

☆ Oprah Winfrey backs John Fetterman over Dr. Mehmet Oz in Pennsylvania Senate race
▼ + stars: | 2022-11-04 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Oprah Winfrey speaks on stage during The Robin Hood Foundation's 2018 benefit at Jacob Javitz Center on May 14, 2018 in New York City. Oprah Winfrey said Thursday she would vote for Democratic Lt. Gov. John Fetterman over Republican Dr. Mehmet Oz in the must-win Senate race in Pennsylvania. Herself a talk-show superstar and media titan, Winfrey was the first guest on Oz's early-2000s show "Second Opinion," and she invited Oz on "The Oprah Winfrey Show" regularly for years. Greg Abbott, as well as Stacey Abrams, the Democrat running to unseat Republican Gov.

☆ Republican Gov. Greg Abbott vies for reelection against Democratic challenger Beto O'Rourke in Texas
▼ + stars: | 2022-11-02 | by ( Warren Rojas | ) www.businessinsider.com time to read: +4 min

Abbott faces former Rep. Beto O'Rourke, a Democrat. Greg Abbott of Texas is running for a third term against former US Rep. Beto O'Rourke, a Democrat. More recently, Republican Rep. Mayra Flores won by 7 points in the June 2022 special election to replace Democratic Rep. Filemon Vela, who resigned midway through his term. The money raceAccording to Transparency USA, Abbott has raised $94.3 million, spent $120.5 million, and has $16.4 million of cash on hand, as of September 30. His opponent, O'Rourke, has raised $65.7 million, spent $45.8 million, and has $16.5 million of cash still left to spend, as of September 30.

☆ Northerners flocked to the South for cheap homes and abundant jobs. Now some are ready to pack up and leave.
▼ + stars: | 2022-11-01 | by ( Emily Cataneo | ) www.businessinsider.com time to read: +14 min

Hauser is originally from Wisconsin and moved to North Carolina seven years ago for work. And questions over abortion rights are fueling concerns about the future of access to birth control and gender-affirming care. The North Carolina Business Council, for one, declined to comment because this is "not an area of focus" for the group. Chuck Bryan is an IT professional who moved to North Carolina from Florida five years ago. He cited Kansas' referendum to preserve abortion rights as an example of what can happen when people use their voice in politics.

"From a markets perspective, you have to be cautious going forward," said Michael O'Rourke, chief market strategist at JonesTrading. "They're the biggest stocks in the market, and we really haven't had much of anything good come out of any of them." The Fed has already raised rates by 300 basis points this year as it fights the worst inflation in decades. "The big technology companies like Amazon continued hiring to support a business that looks like the year 2021, and it's not 2021. Despite the big stock price drops, some investors see more pain for the big tech-focused names.

☆ Republican gains in key states signal bad news for Democrats ahead of midterms, new polls show
▼ + stars: | 2022-10-24 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

Republican candidates appear to be making gains in the final sprint to the November midterms, with new election forecasts in key swing states and partisan strongholds flashing warning signs for Democrats. Republican Senate hopeful J.D. Even in reliably blue states, Democrats' slim congressional majorities are under threat. The pollster surveyed 649 likely Texas voters between Oct. 16 and Oct. 19, and carries a plus or minus 5.1 percentage point margin of error. Accordingly, Democrats' chances of holding the Senate now look much tighter, according to FiveThirtyEight's tracker.

Rep. Mayra Flores speaks at the University Draft House in McAllen, Texas, on Oct. 10. “I still believe at the end of the day this is still a solid, moderate Democratic region,” González said. A fighting chanceOf the three Latina Republicans running, Mónica De La Cruz, endorsed by former President Donald Trump and running in an adjacent congressional district, Texas' 15th, is considered the party's best chance to win. Soon after being sworn in to Congress, Flores voted against the landmark gun safety bill pushed through Congress by Sen. John Cornyn, the Texas Republican. Francisco Medrano Jr., of Harlingen, says he’s likely to support Republican Mayra Flores.

☆ Ted Cruz reimbursed himself $555,000 after successfully challenging a political spending law at the Supreme Court
▼ + stars: | 2022-10-17 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Ted Cruz's campaign paid him $555,000 to cover old personal loans to his Senate committee. Ethics advocates and some Supreme Court justices warned that the decision could lead to corruption. And the one-time presidential candidate and two-term senator has the US Supreme Court to thank for it. That allowed Cruz to initiate a lawsuit against the Federal Election Commission, which eventually made its way up to the Supreme Court. Supreme Court Justice Elena Kagan echoed that same argument in her dissenting opinion.

☆ GOP makes push to weaken Democrats’ grip on Texas border
▼ + stars: | 2022-10-10 | by ( ) www.cnbc.com time to read: +6 min

Greg Abbott, kicking off a rally in the Texas border city of Harlingen. Border Democrats say dramatic moves to bus and fly migrants across the country will backfire with voters, but also acknowledge they can no longer coast into office. Rep. Vicente Gonzalez, a South Texas Democrat, switched districts to more favorable territory and is hoping to unseat her for a full term in November. Nikki Haley is set to campaign with Flores and de la Cruz on the border Monday — an unusual display of national GOP political force for South Texas. It also has a record 32 Hispanic Republican nominees on House ballots around the country, although many are underdogs.

Search resuls for: "O'Rourke"

25 mentions found