DIRS.INFO The most relevant business & tech news

☆ Bank of America: These 6 global AI stocks are 'hidden gems' with great potential
▼ + stars: | 2023-10-11 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Bank of America has identified five global stocks it says are set to benefit as the use cases of artificial intelligence applications grow significantly. In an Oct. 3 note titled "End-device AI: Great potential with hidden gems awaits," the bank said customized and private AI services could soon be brought directly to users' end devices, revolutionizing smartphones, tablets, cars and more. The report named semiconductor leaders like Qualcomm , MediaTek , Nordic Semiconductor, SK Hynix and Renesas as key potential beneficiaries. Qualcomm Price target: $145 (31% upside) Bank of America said automakers are expected to use advanced end-device AI capabilities from Qualcomm's Ride platform for in-car services. MediaTek Price target: 1,100 New Taiwan dollars (40% upside) Bank of America expects the firm to add generative AI functions to its next flagship smartphone chips.

Persons: Brad Lin, MediaTek Organizations: of America, Bank of America, CES, MWC, Qualcomm, MediaTek, Nordic Semiconductor, SK Hynix, Meta, SK Hynix Price Locations: Taiwan

☆ Opinion | Anxiety in the Age of Barbie
▼ + stars: | 2023-09-02 | by ( Maureen Dowd | ) www.nytimes.com time to read: 1 min

It was “the summer of girl power,” a tour de force by a glittering troika. With pink dream houses, songs and sequins, Barbie, Taylor Swift and Beyoncé buoyed the economy and sent women’s confidence soaring. It is a major topic among moms: daughters struggling with anxiety or the effects of anti-anxiety medications, which can include weight gain and loss of libido. Many young college women are ping-ponging between anxiety, without pills, and numbness and body insecurity, with them. These young women seem to have everything, yet they are unable to fully enjoy a stretch in their life that should be sizzling with adventure and promise.

Persons: Barbie, Taylor Swift

☆ The Persistent Confusion Around the U.T.I.
▼ + stars: | 2023-07-31 | by ( Alisha Haridasani Gupta | More About Alisha Haridasani Gupta | ) www.nytimes.com time to read: +2 min

can occur anywhere along the urinary tract, which includes the urethra, bladder, the kidneys and, in men, the prostate, Dr. Kim said. For an issue to be considered a U.T.I., a patient must show some symptoms and have confirmed bacteria in their urine. might be in the kidneys, which would make it a more acute case that can lead to sepsis and kidney damage, though those outcomes are “very, very rare,” Dr. Kim said. “I don’t have a study to quote you that says peeing after sex or before sex reduces infections,” he said. But some women never develop U.T.I.s with increased sexual activity, even if they don’t urinate before or after.

Persons: Kim, Dr, Gupta, U.T.I.s, Benjamin Brucker, ” Organizations: NYU Langone

Ms. Battle has been leading an effort to have businesses pledge not to finance seabed mining or source seafloor materials in their supply chains. Similarly, prominent banks in Britain, such as Lloyds and Standard Chartered, are refusing to do business with deep-sea mining entities. But critics say that the expense and logistics of mining in the remote ocean — and transporting metals back to land — raise doubts about whether deep-sea mining can be profitable. “This industry could start without being needed,” she said of deep-sea mining. But seabed mining supporters say that existing mining is worse for the environment, and deep-sea mining could help wrestle control of critical metals from China and Russia.

Persons: Barron, DealBook, it’s, Jessica Battle Organizations: ” Regulators, United Nations, World Wildlife Fund, BMW, Google, Samsung, Volvo, Volkswagen, Lloyds, Standard Chartered, International Energy Agency Locations: Britain, China, Russia

☆ Opinion | Breakthroughs in Cancer Research and Treatment
▼ + stars: | 2023-07-01 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Kudos to Kate Pickert for her hopeful article, “Are We Learning to Outrun Cancer?” (Opinion guest essay, June 18). Fourteen months ago, I was diagnosed with Stage IV metastatic colon cancer. I’m 75, female and fortunate to live near the University of Michigan Rogel Cancer Center in Ann Arbor. Eleven months later, after M.R.I.s and surgery, I was in full remission. I never lost my hair, got nauseated, got burns on my skin, lost my sense of touch or poisoned other organs.

Persons: Kate Pickert, Ann Arbor ., Pickert, Jimmy Carter’s Organizations: Cancer, University of Michigan Rogel Cancer Locations: Ann Arbor

☆ Ezra Klein on ‘Her’ - The New York Times
▼ + stars: | 2023-06-20 | by ( Ezra Klein | ) www.nytimes.com time to read: +3 min

commentary is missing: These systems are going to upend our relationships long before they remake our economies. That’s going to be a hurdle for anyone who wants to replace a lawyer or a researcher with an A.I. Conducting oversight for a system that’s more eloquent and knowledgeable than you are is going to be tough. America is, by any historical standard, unimaginably rich and powerful, and yet we’ve lost what matters most: community and connection. That’s the America these A.I.

Persons: topick, rewatching “, Spike, Theodore Twombley, Joaquin Phoenix, Samantha, Scarlett Johansson, Peter Drucker, Ian McEwan, It’ll, Jonze, Vivek Murthy, we’ve, machina Locations: America, U.S

☆ Robert F. Kennedy Jr. Wants to Be President. Cheryl Hines Is Along for the Ride.
▼ + stars: | 2023-06-10 | by ( Caitlin Moscatello | ) www.nytimes.com time to read: +2 min

In her first interview since her husband announced his candidacy, Ms. Hines initially appeared at ease. She has done hundreds of interviews throughout her career, and as a seasoned improv actress, is known to be quick on her feet and sharply funny. In some ways, answering questions from a stranger is just another form of: “Yes, and.” With improv, “it’s challenging because you don’t know what’s coming next. You don’t know what the audience is going to shout out,” she said. (Instagram reinstated Mr. Kennedy’s personal account earlier this month, because of his candidacy.)

Persons: Hines, “, ”, Instagram, Anne Frank, “ S.S.R.I.s, Kennedy, Suzanne Todd, Alec Baldwin Organizations: Children’s Health Defense, 5G, The Times Locations: Los Angeles, Washington, Hitler’s Germany, Switzerland

☆ India's Russian oil buying hits record high, slashes Mideast, Africa share
▼ + stars: | 2023-05-17 | by ( Nidhi Verma | ) www.reuters.com time to read: +2 min

Asia's third-largest economy imported about 1.9 million barrels per day (bpd) of Russian oil in April, about 4.4% higher than the previous month, the data showed. Higher imports from Russian raised the share of oil from the C.I.S. India's oil imports from various regionsRussia remained the top oil supplier to India for the sixth-straight month in April, followed by Iraq and Saudi Arabia. Oil imports from Russia also rose as Indian Oil Corp (IOC.NS), the country's top refiner, raised the size of its annual import deal with Rosneft (ROSN.MM). Lower purchases of oil from the Middle East dragged OPEC's share of India oil imports to a record low of 46%, the data showed.

☆ What Your Therapist Doesn't Tell You
▼ + stars: | 2023-05-17 | by ( Amy X. Wang | Illustrations Liana Finck | ) www.nytimes.com time to read: +8 min

What Your Therapist Doesn’t Tell You A dozen counselors on what it’s really like to sit in the other armchair. “ ‘I need to pee so bad.’ Clients don’t realize that we have five minutes between sessions and sometimes making it to the bathroom is not possible.” — Jessa White, L.M.H.C.A. You can’t do psychotherapy if a person doesn’t feel safe — there’s no way that’s going to happen. But it’s frustrating too, because as a therapist, you feel you can’t really offer what you signed up for.” — Gabriela Sehinkman, Ph.D., L.I.S.W.-S. To me, therapy is very much like dating, except, you know, obviously you don’t really want to date the person.” — Thien Pham, L.M.F.T.

☆ Can the World Make an Electric Car Battery Without China?
▼ + stars: | 2023-05-16 | by ( Agnes Chang | Keith Bradsher | ) www.nytimes.com time to read: +10 min

China controls 6% of the world’s nickel 78% of graphite 5% of manganese China controls 6% of the world’s nickel 78% of graphite 5% of manganese Source: CRU Group, U.S.G.S. China makes 73% of NMC cathodes 99% of LFP cathodes China makes 73% of NMC cathodes 99% of LFP cathodes Source: CRU Group Note: Data for “NMC cathodes” category includes NMC, NCA, NMCA; “LFP cathodes” includes LFP, LMFP. China makes 66% of the world’s battery cells 2.8” Cathode Each car has thousands of cells. China makes 54% of the world’s electric cars China makes 54% of the world’s electric cars Source: IEA Note: Data for 2021American investors remain wary about putting money into electric vehicles. Electric car buyers in China get tax rebates, cheaper vehicle registration, preferential parking and access to an extensive charging network.

☆ Russian oil slashes OPEC's share of Indian market to 22-year low
▼ + stars: | 2023-04-24 | by ( Nidhi Verma | ) www.reuters.com time to read: +3 min

OPEC's share shrank as India, which in the past rarely bought Russian oil due to high freight costs, is now the top oil client for Russian seaborne oil, rejected by Western nations following Moscow's invasion of Ukraine in February 2022. India's oil importsIndia shipped in about 1.6 million barrels per day (bpd) of Russian oil in 2022/23, the data showed, about 23% of its overall 4.65 million bpd imports. Higher intake of Russian oil boosted the share of Commonwealth of Independent States (C.I.S.) India's oil imports from various regionsIn March, India shipped in nearly 5 million bpd of oil, marginally higher than the previous month, with Russian oil accounting for about 36% of overall imports, the data showed. "OPEC's output cut decision is helping Russia as well," said Haq, adding the planned supply cut has lifted global oil prices and at the same time narrowed the discounts for Russian oil against Brent and Dubai benchmarks.

☆ I get paid by companies to find them job candidates. Here are my 9 best tips for increasing your odds of landing a job in a tough market.
▼ + stars: | 2023-04-10 | by ( Elisette Carlson | ) www.businessinsider.com time to read: +9 min

Before targeting recruiters, one needs to understand the two main types of executive search firms and recruiters. Contingency recruiters are paid after the search process when the client decides to hire one of the recruiter's proposed candidates. Retained executive search firms charge a consulting fee — paid as a monthly retainer or a percentage of the candidate's salary. I work with a retained search firm, and we are hired by companies, our clients, who pay us to find candidates. Below are nine tips to help candidates land a job by connecting with an executive search consultant without having to pay for anything.

☆ Rio Tinto to Pay SEC $15 Million Over Foreign Bribery Charges
▼ + stars: | 2023-03-06 | by ( Mengqi Sun | ) www.wsj.com time to read: +3 min

Mining and metals company Rio Tinto PLC agreed to pay a $15 million civil penalty to settle a yearslong probe into allegations it violated U.S. foreign bribery law, the Securities and Exchange Commission said Monday. The payments allegedly made by Rio Tinto have prompted multiple corruption investigations in the U.S., U.K. and Australia. Rio Tinto PLC’s American Depositary Shares trade on the New York Stock Exchange. The SEC credited Rio Tinto for cooperating with the investigation by providing documents in a timely manner and for making its employees available for interviews. Rio Tinto consented to the SEC’s order without admitting or denying the findings.

☆ Ericsson Compliance Chief to Leave as Company Remains Under U.S. Scrutiny
▼ + stars: | 2023-02-28 | by ( Mengqi Sun | ) www.wsj.com time to read: +2 min

Ericsson AB said its chief compliance officer will leave the company, as the telecommunications-equipment company continues to clean up its ethics and compliance programs following a bribery settlement. Laurie Waddy, who joined Stockholm-based Ericsson in April 2019 as compliance chief, will leave the company after almost four years, the company said Tuesday. Jan Sprafke, Ericsson’s head of compliance for Europe and Latin America, will become interim compliance chief while the company searches for a permanent successor. Mr. Sprafke will report to the company’s chief legal officer and the board’s audit and compliance committee. Ms. Waddy will work with Mr. Sprafke during the transition on issues related to the compliance functions and the company’s U.S.-mandated monitorship, according to Ericsson.

☆ Global Financial Watchdog Suspends Russia’s Membership
▼ + stars: | 2023-02-24 | by ( Mengqi Sun | ) www.wsj.com time to read: +4 min

A global financial watchdog, in an unprecedented move, suspended Russia’s membership in the organization, on the first anniversary of the Kremlin’s invasion of Ukraine. FATF said Russia’s war in Ukraine is a violation of the group’s principles to promote security, safety and the integrity of the global financial system and breaks with FATF’s commitment to international cooperation and mutual respect. Russia’s suspension from FATF significantly restrains the country’s influence on any FATF decisions while casting a shadow on its business climate, observers said. Russia, however, remains liable for membership dues if it intends to reapply for membership in the future. “The measure is both an important political statement as well as a recognition of the threats to the global financial system posed by Russia.

☆ Crypto Company CoinEx Sued by New York Over Failure to Register
▼ + stars: | 2023-02-23 | by ( Mengqi Sun | ) www.wsj.com time to read: +2 min

The New York attorney general’s office has sued cryptocurrency platform CoinEx, alleging it failed to register as a securities and commodities broker-dealer and misrepresented itself as a crypto exchange. But New York prosecutors said CoinEx isn’t registered with the U.S. Securities and Exchange Commission or designated by the Commodity Futures Trading Commission as an exchange, as required by New York state law. The office of New York Attorney General Letitia James said its prosecutors also were able to buy and sell crypto on CoinEx in New York, despite the fact the company isn’t registered in the state. New York law requires securities and commodities brokers to register with the state to do business there. The suit, announced Wednesday, is the latest action by the New York attorney general in policing the crypto sector and using the state’s laws to protect investors.

☆ Binance Hires Gemini Executive as Chief Compliance Officer
▼ + stars: | 2023-02-14 | by ( Mengqi Sun | ) www.wsj.com time to read: +2 min

Binance said Noah Perlman has joined as its chief compliance officer from rival Gemini Trust Co., as the cryptocurrency exchange continues to beef up its legal and compliance team amid regulatory scrutiny. Mr. Perlman joined Binance last month after serving as Gemini’s chief operating officer for more than two years. He joined Gemini as its chief compliance officer in 2019. Mr. Perlman’s appointment ends a monthslong search for a compliance chief at Binance, which over the past year or so has been bolstering its compliance team head count. Binance Chief Executive Changpeng Zhao, known as CZ, said on Twitter in September that the exchange planned to hire a few hundred more compliance people.

☆ U.S. Exempts Earthquake Aid to Syria From Sanctions
▼ + stars: | 2023-02-10 | by ( Mengqi Sun | ) www.wsj.com time to read: +3 min

Funds sent to Syria for earthquake relief that might otherwise be barred by U.S. sanctions are exempted for about six months, the U.S. Treasury Department said. The Treasury’s Office of Foreign Assets Control, which implements and enforces U.S. sanctions, issued a general license Thursday night allowing U.S. banks and money transmitters to process transactions to and from Syria if they are intended for earthquake aid. The language is seen as providing more protection to financial institutions processing the transactions, sanctions experts said. Paul Carroll, director of the Charity & Security Network, a resource and advocacy center for nonprofit organizations, said delivering aid to Syria also faces logistical challenges. “The obstacles to getting aid to Syria [for earthquake relief] is more about parties, the bad and good guys, than about the sanctions themselves,” Mr. Carroll said.

☆ U.S. to Remove Sanctions on Former Kazakhstan Subsidiary of Russia’s Sberbank
▼ + stars: | 2023-02-07 | by ( Mengqi Sun | ) www.wsj.com time to read: +3 min

The U.S. Treasury Department said it would remove sanctions imposed on a former Kazakhstan subsidiary of Russia’s Sberbank because the entity is now wholly owned by a Kazakh company. The entity, previously called Subsidiary Bank Sberbank of Russia Joint Stock Co., is a commercial bank in Kazakhstan and was sanctioned as a foreign subsidiary of Sberbank last February, after Russia’s invasion of Ukraine. The unusual step made by the U.S. to remove the former subsidiary from the sanctions list highlights the impact of sanctions on Russia as Sberbank was forced to divest itself of some assets. PREVIEWThe U.S. imposed sanctions on Sberbank, Russia’s largest bank, in an effort to cripple Russia’s economy, military and elites after Moscow’s Ukraine invasion. The former Sberbank subsidiary is one of the largest banks in Kazakhstan and is seen as systemically important to Kazakhstan’s financial sector, a Treasury spokesperson said.

☆ Trader Is Charged in Alleged $110 Million Crypto Manipulation Scheme
▼ + stars: | 2023-02-02 | by ( Mengqi Sun | ) www.wsj.com time to read: +3 min

He faces charges of commodities fraud, commodities market manipulation and wire fraud in connection with what prosecutors said was manipulation of Mango Markets. Mr. Eisenberg remained in police custody on Thursday and will be arraigned Feb. 14, when he would be asked to enter a plea. PREVIEWThe Securities and Exchange Commission and the Commodity Futures Trading Commission filed parallel civil charges against Mr. Eisenberg last month. The CFTC, which regulates derivatives markets, said the enforcement action against Mr. Eisenberg was the first of its kind against an alleged manipulation scheme involving a decentralized exchange. He allegedly artificially pumped up the price of MNGO on three different digital asset exchanges that Mango Markets used to determine the value of the derivative contracts.

☆ Wagner Group Designated by U.S. as Transnational Criminal Group
▼ + stars: | 2023-01-27 | by ( Mengqi Sun | ) www.wsj.com time to read: +4 min

The U.S. took action Thursday against Russian private military group Wagner Group, designating it as a significant transnational criminal organization over its actions in combat operations in Ukraine on behalf of President Vladimir Putin. The U.S. Treasury Department said Wagner Group personnel also are involved in alleged ongoing criminal activity, including mass executions, rape and physical abuse in the Central African Republic and Mali. Thursday’s sanctions come after the White House said last Friday it would designate the Wagner Group as a transnational criminal organization. The Wagner Group has already been sanctioned by Canada, Australia, Japan, the U.K. and the European Union. Representatives for Wagner Group didn’t immediately respond to a request for comment.

☆ Crypto Exchange Kraken Names New Compliance Chief After Months of Searching
▼ + stars: | 2023-01-24 | by ( Mengqi Sun | ) www.wsj.com time to read: +2 min

Cryptocurrency exchange Kraken said it named CJ Rinaldi as its new chief compliance officer, hiring him from rival Blockchain.com, as it continues to revamp its compliance program after a sanctions violation settlement amid increasing regulatory scrutiny of the crypto sector. Mr. Rinaldi most recently served as Blockchain.com’s chief compliance officer for about a year, where he implemented global compliance frameworks and mitigated compliance risks. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. As part of the agreement, Kraken will invest $100,000 in its sanctions compliance controls, which include training and technical measures. Kraken also hired a new chief financial officer and new chief marketing officer last year.

☆ Deutsche Bank Names New Compliance Chief as Part of Reshuffle
▼ + stars: | 2023-01-19 | by ( Mengqi Sun | ) www.wsj.com time to read: +3 min

Laura Padovani will join Deutsche Bank on April 1 as its group chief compliance officer and head of compliance, according to a memo seen by The Wall Street Journal. Ms. Padovani spent seven years at Barclays, most recently as its compliance chief, and 20 years at American Express. Mr. Tagné, who has spent more than six years at Deutsche Bank, will also take on the role of deputy chief compliance officer, according to the memo. Germany’s top financial watchdog, BaFin, in November threatened to fine Deutsche Bank if it didn’t implement controls against money laundering by mid-2023. Deutsche Bank was fined $150 million in 2020 by the New York Department of Financial Services for failing to properly monitor its dealings with Epstein.

☆ Crypto Platform Bitzlato Charged With Laundering More Than $700 Million of Illicit Money
▼ + stars: | 2023-01-18 | by ( Mengqi Sun | ) www.wsj.com time to read: +2 min

U.S. authorities designated cryptocurrency exchange Bitzlato Ltd. as a primary money-laundering concern and charged its founder for allegedly facilitating money laundering for criminals. The Treasury Department designated Bitzlato under a section of the USA Patriot Act, a law used to combat money laundering and terrorist financing, for allegedly laundering illicit funds for ransomware actors based in Russia. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. Bitzlato also received more than $15 million of ransomware proceeds, the Justice Department said. “Today the Department of Justice dealt a significant blow to the cryptocrime ecosystem,” Deputy Attorney General Lisa Monaco said Wednesday.

☆ Sam Bankman-Fried Says Law Firm Worked Closely With FTX Before Bankruptcy
▼ + stars: | 2023-01-13 | by ( Mengqi Sun | ) www.wsj.com time to read: +5 min

Sam Bankman-Fried said cryptocurrency exchange FTX had a closer relationship than previously disclosed with its bankruptcy law firm Sullivan & Cromwell LLP, adding to questions about the law firm’s work for past FTX management. Mr. Bankman-Fried is currently under house arrest at his parents’ California home as he faces federal fraud charges. Sullivan & Cromwell was one of two primary law firms FTX International used before the bankruptcy and it was FTX U.S.’s main law firm, Mr. Bankman-Fried wrote in a post Thursday on Substack, an online subscription-based newsletter platform. He added that FTX U.S.’s general counsel was a former member of the law firm without naming him. The new FTX CEO would also be in charge of the bankruptcy process that later picked the law firm as the bankruptcy counsel.

Search resuls for: "Î.S"

25 mentions found