DIRS.INFO The most relevant business & tech news

☆ What planning my digital afterlife at age 27 taught me about my millennial FOMO
▼ + stars: | 2023-09-11 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +6 min

But recently, X, formerly known as Twitter, was called out by grieving relatives for purging accounts belonging to their dead loved ones. But the normalization of memorialized accounts and grieving online have made the prospect of planning your digital afterlife far less absurd, he added. To be clear, MyWishes lets you create only a nonbinding plan for your digital accounts. It doesn't allow you to pass along information such as passwords or give your loved ones full control of your social media. AdvertisementAdvertisementStill, it's a useful starting point while planning your digital afterlife.

Persons: James Norris, MyWishes, —, Norris, Kai Xiang Teo, curating, Kai Xiang Teo Notably, you've, MyWishes isn't, Andy Ho, it's Organizations: Service, Apple, Meta, Google, Twitter, Nanyang Technological University Locations: Wall, Silicon

☆ Morning Bid: Transatlantic surprise gap opens up again
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +5 min

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. And the gap between those two gauges, which had halved from July peaks, is starting to yawn wider yet again. Although the steep annual drop in Chinese exports and imports last month was marginally better than forecast, the ongoing funk in activity remains stark and threatens Beijing's overall economic growth target of about 5%. At least six senior Fed officials are in speaking engagements later on Thursday - including Fed board member Michelle Bowman and New York Fed chief John Williams. Events to watch for on Thursday:* U.S. weekly jobless claims, Q2 labor cost and productivity revisions* Federal Reserve Board Governor Michelle Bowman, New York Fed President John Williams, Chicago Fed chief Austan Goolsbee, Philadelphia Fed chief Patrick Harker, Atlanta Fed chief Raphael Bostic and Dallas Fed chief Lorie Logan all speak.

Persons: Sarah Silbiger, Mike Dolan, Andrew Bailey, Michelle Bowman, John Williams, bourses steadied, Austan Goolsbee, Patrick Harker, Raphael Bostic, Lorie Logan, Joe Biden, Susan Fenton Organizations: Eccles Federal Reserve, Washington , D.C, REUTERS, U.S, Federal, Treasury, Bank of England, Bank of Canada, Fed, New York Fed, Apple, Beijing, Federal Reserve, Michelle Bowman , New York Fed, Chicago Fed, Philadelphia Fed, Atlanta Fed, Dallas Fed, PMI Reuters Graphics Reuters, Thomson Locations: Washington ,, U.S, United States, Europe, China, Brent, Saudi Arabia, Russia, Japan, Asia, Michelle Bowman , New, Atlanta, India, New Delhi

☆ Opinion | Will ‘Future You’ Thank ‘Today You’ for Getting Married?
▼ + stars: | 2023-08-09 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

Darwin made lists of “marry” and “not marry” scenarios, precisely as one would expect from a great scientist. At the bottom of the page is scrawled, “Marry — Marry — Marry Q.E.D.” Which is Latin for “that which was to be demonstrated,” as if he had demonstrated anything except his own susceptibility to love. Future married you will probably be happy, but he or she is a different person. That said, most married people are thankful to their past single selves for deciding to wed. (I certainly am.) On average, though, I think children grow up best in intact, two-parent households, and married parents are more likely to stay together than cohabiting unmarried ones.

Persons: Paul, Jordan Ellenberg, Russ Roberts, ” Roberts, Charles Darwin, Darwin, “, ”, Andrew Oswald, don’t, they’re, Ezra Klein Organizations: University of Wisconsin, University of Warwick, Research Locations: Britain, United States

☆ Morning Bid: ECB to follow Fed hike, Meta surges
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +5 min

Fed Chair Jerome Powell remained equivocal about whether there was one more policy rate rise left this year and said Fed staff were no longer forecasting a recession - but futures markets continue to see a less than 50% chance of another move. Global stocks (.MIWD00000PUS) hit their highest since April last year on Thursday, with European stocks up more than 1% ahead of the ECB decision. The euro pushed higher against a softer dollar ahead of the announcement and press conference from ECB chief Christine Lagarde. The yen also firmed as the Bank of Japan is expected to keep its easy policy unchanged on Friday. The euro zone's biggest bank BNP Paribas (BNPP.PA), by contrast, beat Q2 estimates and the stock jumped 4%.

Persons: Mike Dolan, Meta, Jerome Powell, Dow Jones, Christine Lagarde, Willis Towers Watson, Giorgia Meloni, Joe Biden, Toby Chopra Organizations: Federal Reserve, European Central Bank, Fed, Treasury, Boeing, Dow, Wall, ECB, Bank of, Shell, Barclays, BNP, Central Bank, Intel, Ford, Boston Scientific, Myers Squibb, Honeywell, Xcel, Eastman Chemical, Pentair, Mastercard, P Global, Hershey, Digital Realty, Northrop Grumman, Weyerhaeuser, Cincinatti, Verisign, Comcast, Southwest Airlines, HCA, . Federal Reserve Board, Washington Reuters Graphics Reuters, Reuters, Exxon, Chevron, Thomson Locations: U.S, Bank of Japan, Asia, Hong Kong, China, Abbvie, Bristol, Edison, Kansas, Basel III, Washington

☆ Can a Poem Be Too Short? It Depends on the Poem, and the Reader.
▼ + stars: | 2023-07-18 | by ( Elisa Gabbert | ) www.nytimes.com time to read: +4 min

I have a friend who says her favorite way to read poetry is in quotation, as isolated lines in paragraphs of prose, such as in this column. You can’t have a personal, favorite part, the way I have a favorite part of “Prufrock” (which changes over time). Some of what’s in “Little Poems” does have a one-and-done feel. Short poems can be facile because they are short — they’re not wasting much of your time, so get over it. It’s unsatisfying in the way of all short unsatisfying poems; the end of any poem is a reward, but bad short poems satisfy too soon.

Persons: Michael Hennessy, Julian the, John Keats, ” Ben Lerner, “ Prufrock, Shel Silverstein, Lawrence, Lawrence — Locations: Sappho, “, D.H

☆ With End of Affirmative Action, a Push for a New Tool: Adversity Scores
▼ + stars: | 2023-07-02 | by ( Stephanie Saul | ) www.nytimes.com time to read: 1 min

For the head of admissions at a medical school, Dr. Mark Henderson is pretty blunt when sizing up the profession. “Mostly rich kids get to go to medical school,” he said. In his role at the medical school at the University of California, Davis, Dr. Henderson has tried to change that, developing an unorthodox tool to evaluate applicants: the socioeconomic disadvantage scale, or S.E.D. The disadvantage scale has helped turn U.C. Davis into one of the most diverse medical schools in the country — notable in a state that voted in 1996 to ban affirmative action.

Persons: Mark Henderson, ”, Davis, Dr, Henderson, U.C Organizations: University of California

☆ How a Mentor to At-Risk Young Men Spends His Sundays
▼ + stars: | 2023-07-02 | by ( Tammy Lagorce | ) www.nytimes.com time to read: +2 min

Before Toddrick Brockington got his job at the Henry Street Settlement, a nonprofit that supports Lower East Side residents, he served 26 years in prison for homicide. Sometimes I lay there; sometimes I stand in the window and look out and try to orient myself for the day. That’s a peaceful time for me, because it’s like I’m the only one up and I have the world to myself. I’m in the process of reading “Outliers” by Malcolm Gladwell for the third time. When I went to prison, I didn’t have a G.E.D., so I obtained my G.E.D.

Persons: Toddrick Brockington, ”, Brockington, Malcolm Gladwell, Henry, James Allen Organizations: Henry, Henry Street, La Guardia, Reading Locations: Lower, Side, West, Bronx, La

☆ Morning Bid: Fearless VIX, China miss, Canada hike?
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +4 min

Wall St's 'fear index', the VIX (.VIX) gauge of implied S&P500 equity volatility, closed below 14 on Tuesday for the first time since February 2020 - more than 5 points below its 33 year average. What's more, the OECD saw Fed rates peaking after just one more hike to the 5.25-5.5% range and "modest" cuts next year. Oil prices remain lower on the week despite new Saudi output cut plans and year-on-year prices are still falling at 36%. Events to watch for later on Wednesday:* Bank of Canada key policy interest rate announcement* U.S. April trade balance. Federal Reserve issues Consumer Credit report for April* Britain's Prime Minister Rishi Sunak travels to Washington to meet with U.S. President Joe Biden* U.S. corporate earnings: Campbell Soup, Brown-FormanReuters GraphicsReuters GraphicsReuters GraphicsReuters GraphicsBy Mike Dolan, Editing by Louise Heavens <a href="mailto:mike.dolan@thomsonreuters.com" target="_blank">mike.dolan@thomsonreuters.com</a>.

Persons: Mike Dolan, you'd, eked, Tayyip Erdogan, Mehmet Simsek, Rishi Sunak, Joe Biden, Campbell, Brown, Forman, Louise Heavens Organizations: U.S, Organisation for Economic Cooperation, Development, World Bank, OECD, Bank of Canada, Canadian, Bank of, Federal, Britain's, Forman Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, York, Saudi, Asia, Bank of Canada, Washington

[1/5] Sekyiwa 'Set' Shakur poses during the posthumous Rapper Tupac Shakur's star unveiling ceremony on the Hollywood Walk of Fame in Los Angeles, California, U.S. June 7, 2023. REUTERS/Mario AnzuoniLOS ANGELES, June 7 (Reuters) - Award-winning rapper, activist and actor Tupac Shakur received a posthumous star on Wednesday on the Hollywood Walk of Fame, where his sister and fellow rappers spoke of the musician's legacy around the world. “Tupac knew deep down that he was always meant for something great,” Sekyiwa Shakur said amid the crowd of around 100 people. Shakur was killed in 1996 at age 25 in a drive-by shooting in Las Vegas that has never been solved. Tupac Amaru Shakur has become a global symbol of rebellion.

Persons: Shakur, Tupac, Mario, Tupac Shakur, “ Tupac, ” Sekyiwa Shakur, ” Shakur, ”, Outlawz, Malcom Greenidge, David Marvin, DJ Quik, E.D.I, Afeni Shakur, “, Allen Hughes, Tupac Amaru Shakur, Malcolm X, Che Guevara, Hughes, Jorge Garcia, Danielle Broadway, David Gregorio Our Organizations: Hollywood, REUTERS, Apollo, Thomson Locations: Los Angeles , California, U.S, ANGELES, Harlem, Las Vegas, California, Africa, Asia, South America, Europe

However just ahead of the expected call between Biden and McCarthy, Republican deal negotiator Patrick McHenry told reporters "major disagreement" remained between his party and Biden's Democrats. That's what we've offered with our approach to raising the debt ceiling, with work requirements for able bodied folks to get back in the workforce. The two sides have tentatively reached an agreement that would raise the debt ceiling by enough to cover the country's borrowing needs through the November 2024 presidential election. Republican Representative Dan Bishop reacted with anger to the idea of extending the debt ceiling through the next presidential election. A failure by Congress to raise its self-imposed debt ceiling before June 5 could trigger a default that would shake financial markets and send the United States into a deep recession.

☆ Opinion | A New Mother, an Old Mother, a Love Story
▼ + stars: | 2023-05-14 | by ( Rachel Louise Snyder | ) www.nytimes.com time to read: +2 min

I was 8 when my mother died. If I had a mother, I’d think, I’d know how to walk in heels and sit like a girl. I’d know what to carry in a purse or how to operate a curling iron. I’d probably know the difference between shampoo and conditioner, and I’d certainly know that breastfeeding mothers offered only milk, not milk through one breast, orange juice through the other. My father remarried two years after my mom died, so in a way I recouped a mother.

☆ Morning Bid: Inflation cloud obscures Fed peak
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +4 min

With markets edgy about the U.S. debt ceiling standoff and ongoing ripples from the March regional banking blow out, the running assumption is the Fed's campaign is over and disinflation underway. New York Fed chief John Williams said yesterday it's too soon to say the central bank is done and dusted. If consensus forecasts are correct, the April inflation readout later on Wednesday may well force the Fed to keep that equivocal line up for a bit longer. Futures markets show only a 15% chance of another Fed hike next month, with quarter point rate cut almost fully priced by September. Visibility is low in the fixed income market, however, due to the debt ceiling impasse.

☆ Morning Bid: Hike and hold, bank angst and Apple
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +5 min

As the Fed delivered what markets assume will be the last rate hike of a brutal 13-month, 500-basis-point tightening cycle, further aftershocks from the March bank blowups reverberated in the background. And given they had advance knowledge of next week's quarterly loan survey before Wednesday's rate decision, it suggests the bigger picture they see remains somewhat equivocal. Norway's central bank raised interest rates as expected and signalled more to come. Events to watch for on Thursday:* European Central Bank policy decision, statement and news conference* U.S. first quarter unit labor costs and productivity, April layoffs, March trade balance, weekly jobless claims. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Employee Monitoring and Surveillance
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +50 min

Ensuring Employee Safety and Systems SecurityEmployers may use electronic workplace monitoring and surveillance to protect their:Worksites. Potential Liability for Electronic Workplace Monitoring and SurveillanceEmployers that engage in electronic workplace monitoring and surveillance must comply with various federal and state laws, including:The Wiretap Act. Best Practices for Electronic Workplace Monitoring and SurveillanceTo avoid violating relevant state and federal laws, before conducting workplace monitoring and surveillance, employers should:Consider the purpose and appropriate scope of their monitoring and surveillance activities and what methods will help them achieve their objectives. Determine the Purpose of Workplace Monitoring and SurveillanceBefore conducting any workplace monitoring or surveillance, best practice is for employers to identify the purpose and goals of these activities to:Ensure that there is a legitimate business purpose for the planned monitoring and surveillance activities. Determine the scope of monitoring and surveillance necessary to accomplish the business purpose, and conduct only the minimum monitoring and surveillance necessary to meet that business need.

☆ Health Plan Coverage of Abortion and Related Services
▼ + stars: | 2023-05-01 | by ( Practical Law Employee Benefits | Executive Compensation | ) www.reuters.com time to read: +36 min

The Dobbs ruling, which returned the regulation of abortion to the individual states, has led to legislation that restricts abortion, including medication abortion, in many states. In response to the rapidly changing post-Dobbs legal landscape, this article addresses health plan coverage of abortion, medication abortion coverage and litigation, abortion-related travel benefits, and related Practical Law resources concerning these topics. The insurer in a fully insured health plan, health maintenance organization (HMO), or similar arrangement:Assumes the risk of providing health coverage for insured events by paying medical costs for eligible claims incurred under the plan. Self-Funded Health PlansBy contrast, employers with self-funded arrangements may have more discretion in providing coverage for abortion and related services. Changes to plan coverage of medication abortion will likely require plan administrators to:(For more on coverage of medication abortion, see Newly Launched, ReproductiveRights.gov Website Addresses Access to Medication Abortion (Mifepristone) Using Telehealth on Practical Law.)

☆ Opinion | No One Knows the Value of a College Degree Like Someone Without One
▼ + stars: | 2023-04-26 | by ( Christopher Zara | ) www.nytimes.com time to read: +3 min

The good news is, future job searches may not always be as bleak as mine have been. to Delta Air Lines are dropping college degree requirements for many roles, focusing instead on “skills-based hiring,” a philosophy that emphasizes people over pedigrees. Consider the ever-persistent education wage gap, which has been widening for decades and by some measures got even worse during the past few years. Can we be so surprised that the media presents an incomplete picture about higher education when so few journalists navigate the working world without a four-year degree? One 2022 survey conducted by Morning Consult found that even though 72 percent of employers said they didn’t believe a college degree was a great indicator of a person’s skills, more than half still hired candidates from degree programs anyway because they saw doing so as a “less risky choice.”

☆ Morning Bid: Bank calm, rates firm, Alibaba steals show
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +4 min

A semblance of calm has returned to world markets in the final week of the first quarter as the banking storm abates and the spotlight switched to a share-boosting six-way revamp of Chinese e-commerce giant Alibaba. Investors cheered the surprise move from Alibaba (9988.HK) as a sign Beijing's corporate crackdown may be nearing an end, sending shares of the Jack Ma-founded firm and peers soaring. The surprise move seeks to take advantage of Ermotti's experience rebuilding the bank after the global financial crisis 15 years ago. Broader stock markets were higher across the board, with Wall St futures up almost 1% ahead of the open. Futures markets now show a 50-50 chance of one more Fed rate hike in this cycle in May and half a point of easing by yearend.

☆ Morning Bid: Leaning back to Fed hike, UK inflation jolt
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +5 min

Two weeks of U.S. and European banking stress and failures leaves the Federal Reserve and other major central banks in the unenviable position of choosing between stabilising financial systems and fighting still historically high inflation. On top of that, the latest quarterly economic projections from Fed policymakers may reveal a big dispersion of views. Beyond the Fed, the dire UK inflation reading seems to have solidified expectations of another BoE rate rise on Thursday and a further move later in the year. If nothing else, it underlines in red ink just how all central banks are totally dependent now on incoming data evidence on what's happening in the real economy. With the U.S. dollar lower across the board ahead of the Fed meeting, sterling hit its highest level since early February.

☆ Morning Bid: Blue chips cheered up
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +5 min

[1/2] The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. Its CEO Jensen Huang said use of its chips to power AI had "gone through the roof in the last 60 days." The Federal Reserve at least seems keen on the higher-for-longer message that's shaken world stock and bond markets this week. And as the minutes pre-date red-hot jobs and retail data for January, the message from Fed officials is probably even sterner now. A Reuters poll of equity analysts showed global stock markets are expected to correct in the next three months.

The pan-European STOXX 600 index (.STOXX) closed 0.1% higher ahead of a slew of economic data due later this week. Telecom Italia (TIM) (TLIT.MI) fell 2.7% as a government-sponsored offer rivalling KKR's bid for the former phone monopoly's prized grid failed to materialise over the weekend. The EURO STOXX index (.STOXXE), which houses major companies in the eurozone, inched down 0.1%. On the economic front, euro zone consumer confidence rose by 1.7 points in February from January, as expected, figures showed. Forvia, the European car parts maker born from Faurecia's (EPED.PA) takeover of Hella (HLE.DE), forecast stable 2023 sales, sending Faurecia nearly 2.3% higher.

☆ European shares flat as Telecom Italia drags eurozone stocks
▼ + stars: | 2023-02-20 | by ( Shreyashi Sanyal | ) www.reuters.com time to read: +2 min

The pan-European STOXX 600 index (.STOXX) was flat after opening marginally higher. That also boosted oil prices, lifting European energy stocks (.SXEP) by 0.3%. The EURO STOXX index (.STOXXE), which houses major companies in the eurozone, dipped 0.1%. Telecom Italia (TIM)(TLIT.MI) shares dropped 3% as a government-sponsored offer rivalling KKR's bid for the former phone monopoly's prized grid failed to materialise over the weekend. The European autos and auto parts sector index (.SXAP) rose 0.6%.

☆ How Budweiser Tackled a Beer-Free World Cup
▼ + stars: | 2023-02-09 | by ( Katie Deighton | ) www.wsj.com time to read: +9 min

In the end, the brewer found a way to navigate the World Cup beer-free and roll with the media attention that the alcohol ban generated. Soccer’s 2022 FIFA World Cup in Qatar ran from Nov. 20 to Dec. 18. World Cup sponsors Kia and Adidas similarly maintained their reputational scores, according to the Morning Consult data. Budweiser doesn’t pay a reported $75 million for the official beer sponsorship of the World Cup just to serve beer at stadiums. But the ban on alcoholic Budweiser undermined the impetus for being at the World Cup, Mr. Marcondes said.

☆ An ex-senior Twitter employee laid off by Elon Musk says the way job cuts were executed was 'inhumane'
▼ + stars: | 2022-12-07 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

Elon Musk's handling of Twitter's layoffs was "inhumane," an ex-Twitter worker said, per the LA Times. Some Twitter staff found out they'd been laid off when they were locked out of work laptops. Since losing his job, Shevat has filed arbitration claims against Elon Musk with the help of attorney Lisa Bloom, per the LA Times. "The way Elon Musk executed the layoffs was really inhumane," Shevat said in the conference, cited by the LA Times. Thousands of Twitter employees have been laid off, resigned, or fired since Musk took over.

☆ Not All Retailers Are Overstocked for the Holidays. They’re Discounting Anyway.
▼ + stars: | 2022-11-25 | by ( Katie Deighton | Kate Ridley | ) www.wsj.com time to read: +7 min

Many big retailers are discounting heavily and earlier this holiday season to clear excess stock from their shelves and warehouses. But others, with no substantive overhang of inventory, are also offering bigger sales than usual to satisfy shoppers who have come to expect them. “This is more of a reaction to what’s happening in this peak holiday-sales period.”Not all companies are being pulled into the discounting vortex. “We think that’s a good consumer experience.”Catbird, a Brooklyn-based jewelry company, is offering customers up to 20% off during the holidays, the biggest discount of its 18-year history. “No business owner who’s being honest is going to tell you they’re happy to have sales,” she said.

☆ Morning Bid: Laboring markets get China fillip
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike Dolan. With one eye on the U.S. employment report at the end of a dour week of rising interest rates, world markets were spurred by another slightly mysterious Chinese stock surge. None of these reports have yet been confirmed, but some former officials appeared to encourage the speculation on Friday. The Shanghai Composite (.SSEC) rose 2.7% and was headed for a 5.6% weekly gain, the largest in more than two years. U.S. stock futures were up marginally ahead of the open, however, after another round of heavy index losses on rising interest rate fears on Thursday.

Search resuls for: "E.D"

25 mentions found