DIRS.INFO The most relevant business & tech news

☆ Irish whiskies are doing the unthinkable - adding flavors
▼ + stars: | 2024-03-17 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +5 min

New York CNN —On St. Patrick’s Day, throwing back an Irish whiskey might taste different than it used to. Flavored whiskey is a $1.5 billion category and accounts for 20% of all US whiskey sales. In the past few years, flavored whiskey sales have outpaced unflavored whiskey, according to Southern Glazer’s distributors. But with younger drinkers gravitating toward punchier flavors, Irish brands “have to be much more flexible than their historical beliefs have been,” he told CNN. Flavors are “a good way to get them into the brand and into the whiskey category, and certainly into Irish whiskey,” Basford said.

Persons: Patrick’s, “, ”, Lander Otegui, Bushmills, Jameson, Conor McGregor’s, Otegui, Honey, Paul Basford, William Grant, Basford, Jack Daniel’s, Jim Beam, ” Jon Berg, ” Basford, ” Otegui Organizations: New, New York CNN, CNN, Tullamore D.E.W, Tullamore, NIQ Locations: New York, St, Southern, Tullamore D.E.W, Tullamore

☆ Biden says he'll ban TikTok if Congress passes bill, but he's campaigning on it until then
▼ + stars: | 2024-03-08 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +10 min

Nathan Howard | ReutersSince Biden's playful intro post, his campaign's TikTok account has notched over 222,000 followers and over 2.4 million likes. The Biden campaign didn't immediately respond to a request for comment. On the app, users were greeted with a screenshot warning them that Congress was "planning a total ban of TikTok." TikTok goes to WashingtonU.S. political campaigns more broadly are trying to figure out how best to utilize TikTok. Last April, for instance, the White House said it was enlisting a squad of volunteer TikTok and Instagram influencers to help spread awareness of the Biden campaign.

Persons: Jaap Arriens, Joe Biden, TikTok, Maggie Macdonald, Biden, Kansas City Chiefs —, Macdonald, China's ByteDance, Troy Balderson, Shou Zi Chew, Nathan Howard, Donald Trump, Aaron Earls, Biden's, Karine Jean, Pierre, didn't, influencers, it's, Kennedy, Earls, Marilyn Monroe, Joe DiMaggio, Anupam Chander, —, Vivek Ramaswamy, wouldn't, We've, we'll, Anish Mohanty, Mohanty, that's Organizations: Nurphoto, Kansas City Chiefs, University of Kentucky, Washington , D.C, U.S, Chinese Communist Party, CCP, CNBC, U.S . Capitol, Reuters, Republican, Democratic, Senate, White, Biden, Washington U.S, Facebook, Democratic National Committee, Climate Power, Georgetown University Law Center, Congress, Trump, TikTok, Republican Party Locations: Australia, Singapore, Mexico, Washington ,, U.S, Ohio, Washington , U.S, Washington, China, Gaza

☆ Apple iPhones sales fall 24% in China amid competition and headwinds
▼ + stars: | 2024-03-05 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +3 min

Analysts from Counterpoint Research said the overall mobile market in China fell by 7% with companies including Apple, Oppo and Vivo experiencing declines. Customers that once would have considered Apple are now turning to national brands, particularly Huawei, Counterpoint said. The stock has fallen about 11.6% this year on concerns about weakening sales, particularly in China. China remains a very important market for Apple as it is the largest market behind the US. “Apple, to its credit, ended the year at number one, which was extraordinary despite headwinds from China,” he said.

Persons: “, ” Mengmeng Zhang, Huawei’s, they’ve, Jeff Fieldhack, Apple, ”, Fieldhack, CNN’s Krystal Hur Organizations: CNN, Apple, Counterpoint Research, Huawei, Counterpoint Locations: China, United States

☆ High earners, young people and women are working fewer hours after the pandemic, says new research—here's why
▼ + stars: | 2024-03-01 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

But the people driving the post-pandemic decline in hours worked fall into four categories: women, young adults, highly paid workers and employees at small businesses. Richardson points out that high earners can maintain their annual income while working fewer hours, thanks to big post-pandemic pay increases. Women are working more part-time jobs than menA record number of Americans — 22 million — are working part-time, Labor Department figures show. In 2019, women worked 4.4 hours less per week than men, who worked 40 hours. The industries that saw bigger declines in hours worked — health care, leisure and hospitality — are dominated by women.

Persons: Nela Richardson, Richardson, they're, Gen Zers, there's, Zers Organizations: ADP Research, U.S, ADP, Workers, Labor Department, National Women's Law, Deloitte Locations: U.S

☆ Why India’s economy under Modi offers a real alternative to China
▼ + stars: | 2024-02-26 | by ( Diksha Madhok | ) edition.cnn.com time to read: +9 min

The market value of companies listed on India’s exchanges crossed $4 trillion in late November. But the country is stuck in recession and recently lost its position as the world’s third biggest economy to Germany. While interest in the world’s fifth largest economy is rising, the lofty prices of India’s stocks are scaring some international investors away. According to Macquarie, retail investors alone own 9% of India’s equity market value versus foreign investors at slightly under 20%. China “has a few too many companies which are $100 and $200 billion plus [in value],” Mittal said.

Persons: Peeyush Mittal, there’s, ”, Mittal, They’ve, Narendra Modi, Indranil Mukherjee, Jefferies, “, MSCI, Aditya Suresh, Modi’s, Modi, there’ll, ” Suresh, shoring, Hubert de Barochez, Elon Musk, India “, ” Musk, Suresh, Satish Babu, China “, ” Mittal, Priyanka Agnihotri, Nirmala Sitharaman Organizations: New, New Delhi CNN —, Matthews Asia, Getty, Macquarie Capital, Bharatiya Janata Party, Monetary Fund, Jefferies, Capital Economics, Apple, Foxconn, ”, Workers, Chennai Metro Rail, Advisory, Indian Locations: New Delhi, Jaipur, San Francisco, India, China, Shanghai, Shenzhen, Hong Kong, Japan, Germany, Beijing, Washington, “ India, Macquarie, Chennai, Baltimore

Greece has become the first majority-Orthodox Christian nation to legalize same-sex marriage under civil law. Public opinion in majority Orthodox countries has mostly been opposed, too. Civil unions may become more common among Orthodox countries gravitating toward the European Union. Greek Orthodox showed relative tolerance, with half of Orthodox saying homosexuality should be accepted and a quarter favoring same-sex marriage. As head of the Russian Orthodox Church, he oversees the world's largest Orthodox flock.

Persons: ”, Kyriakos Mitsotakis, “, George Demacopoulos, ” Demacopoulos, —, Vladimir Putin, “ perversions, Putin, Kirill, Moscow, Tiny Montenegro, Aleksandar Vucic, ″, ___ Smith, Yuras, Stephen McGrath, Illia Novikov, Veselin Toshkov Organizations: European Union, Pew Research Center, Orthodox Christian Studies Center, Fordham University, Ukrainian, of, of Human, Russian Orthodox Church, Kremlin, Russia’s, Levada, MONTENEGRO Serbia, Balkan, Serbian Orthodox Church, of Human Rights, Orthodox, Bulgarian Orthodox Church, Associated Press, Gec, Lilly Endowment Inc, AP Locations: Greece, Montenegro, Cyprus, Russia, Eastern Europe, Washington, New York, European, UKRAINE, Ukraine, RUSSIA, Russian, BELARUS, Belarus, SERBIA, MONTENEGRO, Serbia, ROMANIA, MOLDOVA Romania, Romania, Bucharest, Moldova, BULGARIA, Bulgaria, Pittsburgh, Tallin, Estonia, Belgrade, Kyiv, Sofia

☆ Trade Desk shares soar on revenue beat and strong guidance
▼ + stars: | 2024-02-15 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

Shares of The Trade Desk jumped over 18% on Thursday after the advertising technology company issued strong first-quarter guidance and beat on revenue. Here's what analysts were expecting:Earnings per share: 41 cents, adjusted vs. 43 cents expected by LSEG, formerly known as Refinitiv41 cents, adjusted vs. 43 cents expected by LSEG, formerly known as Refinitiv Revenue: $606 million vs. $582 million expected by LSEGFourth-quarter sales jumped 23% from $491 million a year ago. Net income rose 37% to $97 million, or 19 cents a share, from $71 million, or 14 cents, in the same quarter a year earlier. The Trade Desk said first-quarter sales will be at least $478 million, topping analyst estimates of $452 million, according to LSEG. WATCH: Connected TV is the most effective advertising in the world right now.

Persons: Jeff Green, that's Organizations: LSEG, CTV, Meta

In it, Wang films Yi and Chang going about their daily lives with bits of playfulness mixed in. “But now that we made this movie and it’s going to the Oscars, we do kind of feel like movie stars. “That’s kind of why we made this movie,” Wang says. “We’re going to the Oscars and I’m going with my grandmas,” Wang says, smiling. Says Wang: “They’re offer only.”___Follow AP Film Writer Jake Coyle at: http://twitter.com/jakecoyleAP___For more on this year’s Oscars, visit: https://apnews.com/hub/academy-awards

Persons: Sean Wang’s, Yi Yan Fuei, Chang Li Hua, Wang, Yi, Chang, Sean, “ Wài, Nǎi, ”, Wài, ” Chang, Zoom, Oscar, wasn’t Bradley Cooper's, Emma Stone’s, Sam Davis, that’d, ” Yi, ” Wang, “ It’s, they’ve, “, Miles, voicemails, “ We’re, Will Ang Lee, Says Wang, Jake Coyle Organizations: Bay Area, Academy, Disney, SXSW, Sundance Film, Sundance, U.S, Focus Locations: Bay, Los Angeles, Taiwan, Taiwanese, New York

☆ Red states are big winners of Biden’s landmark laws
▼ + stars: | 2024-02-14 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

Fitch defined red states as those that voted for former President Donald Trump in 2020 by more than three percentage points. “The reality is manufacturing was migrating to those states even before the CHIPS Act and the IRA. Relative to the size of their state economies, Arizona, Idaho and West Virginia are the biggest winners from the IRA and CHIPS Act investments, according to Fitch. New York leads blue state winnersNone of this is to say blue states aren’t benefiting from the IRA and the CHIPS Act. Micron cited the tax credits in the CHIPS Act as well as incentives provided by New York state aimed at luring semiconductor companies.

Persons: Joe Biden, Biden, Fitch, Donald Trump, Olu Sonola, Sonola, ‘, ” Natalie Quillian, “, ”, Lauren Boebert, Quillian Organizations: New, New York CNN, Redwood Materials, Redwood, America’s, IRA, Republican, CNN, Fitch, Trump, Micron, White House, White, Lonestar, Samsung, Intel, IBM, Central, “, CS, Colorado Republican Locations: New York, South Carolina, Arizona, Georgia, Nevada , North Carolina , Michigan, Pennsylvania, Wisconsin, Idaho, Boise, America, Texas, Taylor , Texas, Austin, Russia, Canada, Arizona , Idaho, West Virginia, Chandler , Arizona, “ Arizona, . New York, Hudson Valley, Central New York, “ New York, Colorado, Pueblo , Colorado

Veteran Wall Street executive Omeed Malik is planning to raise over $3 million and donate at least $100,000 in support of Donald Trump's campaign, the latest backer of Florida Gov. Ron DeSantis' failed bid to help the former president. Malik plans to raise at least $3 million for Trump's campaign for president, an advisor to him told CNBC. That's the same amount he raised for DeSantis' 2022 gubernatorial campaign. The advisor was granted anonymity to describe private efforts to help Trump.

Persons: Omeed Malik, Donald Trump's, Ron DeSantis, Malik, Robert F, Kennedy Jr, Weil, Joe ] Biden, Trump, Tucker, He's, PublicSquare, DeSantis Organizations: Wall, Florida Gov, Farvahar Partners, Democrat, Republicans, of Foreign Relations, Bank of America, Manges LLP, Trump voters, Amazon, CNBC Locations: Florida, New York City

☆ My boyfriend is 27 years older than me. I kept our age-gap relationship a secret at first, but I regret not being open about it sooner.
▼ + stars: | 2024-02-12 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +4 min

I was never someone who was attracted to older men or thought about dating someone with a significant age gap . That all changed when I met my boyfriend at our brokerage’s 2022 Christmas party — one neither of us wanted to go to. He’s also felt more mature than the men I’ve dated who were my age. Our relationship feels both secure and excitingJess LewisAs we were easing into the relationship, we started out with simple drinks and dinner dates. I kept the relationship a secret more than he didAt first, we both kept the relationship under wraps as we saw each other.

Persons: Jess Lewis, He’s, I’ve, we’ve, It’s, could’ve Organizations: realtors Locations: Canada, Mexico, Hawaii, New York

☆ Monthly Meeting Q&A with Jim Cramer: Everything from health care to industrials to portfolio management
▼ + stars: | 2024-01-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +13 min

(Luca) Jim Cramer: I am getting over the pain of Morgan Stanley but not the simmering anger. Jeff Marks: A general rule of thumb is look for a pullback of about 3% to 5% to put some on. Jeff Marks: You should do what you are comfortable with but a general rule of thumb is five to ten. (Austin) Jim Cramer: We made a nice sale in CAT, sold half of the position. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, Jeff Marks, Brian, Jim Cramer, Eaton, There's, Jim, Morgan Stanley, gravitating, Goldman Sachs, Ted Pick, Luca, Eli Lilly, Jenny, I'm, We've, Palo, Dan, I've, Max, Carly Garner, CTRA, We're, we'd, Ford, Estee Lauder, Kimberly, didn't, –, Mike, that's, Austin, it's, Jim Umpleby, Bill, Jason Robins, Jason, DraftKings, They're, Sandy, WYNN Organizations: Investing Club, Abbott Laboratories, Wealth Management, Disney, Fed, Palo Alto Networks, Microsoft, Nvidia, Nasdaq, Club, Energy, Ford, Bronco, CME Fed, Caterpillar, China, Wynn Resorts, DuPont, CNBC Locations: IPOs, New York City, Palo Alto, China, California, Texas, Macao

☆ More tech grads are applying to jobs in Boise, Madison, and other small cities
▼ + stars: | 2024-01-21 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Young workers are applying to cities outside traditional tech hubs, according to a new report. AdvertisementForget Silicon Valley, Austin, or even Miami — young workers are hunting for tech jobs in smaller cities across the country. Handshake determined which US cities saw the biggest increase in job applications between 2021 and 2023, based on the number of full-time job applications submitted on its platform. Tech workers of all ages are gravitating to mid-size cities in search of lower cost of living and a more laid-back lifestyle. Handshake found these 10 cities had the biggest year-over-year increase in job applications on its site:

Persons: —, Handshake's, it's, Christine Cruzvergara Organizations: Service, Google, Big Tech, Tech Locations: Columbia , Maryland, El Paso , Texas, Valley, Austin, Miami, Boise , Idaho, Fairfax , Virginia, California , Washington, New York —

☆ Mary Ellen Mark: Vintage photos offer rare glimpse of Mumbai’s red-light district
▼ + stars: | 2024-01-05 | by ( Christy Choi | ) edition.cnn.com time to read: +15 min

CNN —Mary Ellen Mark couldn’t forget Falkland Road. Despite being harassed and intimidated, legendary photographer Mary Ellen Mark spent 10 years trying to take photos on Falkland Road. Mary Ellen Mark A young woman and her customer photographed by Mary Ellen Mark. Mary Ellen Mark Falkland Road's infamous cages, where sex workers were displayed to passersby and potential customers. Mary Ellen Mark A young woman and a child seen reflected in a mirror.

Persons: Mary Ellen Mark, Mary Ellen Mark couldn’t, ”, Falkland, ” Meredith Lue, Lue, didn’t, Mark, “ Saroja, ’, Mary Ellen Mark Friends, “, ” Lue, she’s, Asha, Mumtaz, Usha, Mary Ellen Mark Late, Mary Ellen Mark Falkland, wouldn’t, Champa, Martin Bell, ” Mark, Mary Ellen Mark Hidden, ” Bell, Mark’s, ’ ” Lue, Ward, They’re, they’ve, It’s, ” Mary Ellen Mark Organizations: CNN, New York Times, Mary Ellen Mark Foundation, GEO, Olympia, Mental Institution, Ward, Times, “ Locations: Mumbai, Bombay ”, Bombay, —, Falkland, “, Mumbai's, South India, America, Berlin, Germany, India, Seattle, Oregon

☆ So long, 'sad beige.' Millennials are ready to add some personality to their homes.
▼ + stars: | 2024-01-04 | by ( Maria Noyen | ) www.businessinsider.com time to read: +8 min

During that time, Parker's living space was a prime example of the "sad beige" aesthetic, she said. For Parker, "sad beige" is the opposite. "There's nothing wrong with 'sad beige,' but I think it was just kind of the forced conformity of it." She thinks millennials initially swayed toward "sad beige" because it was the opposite of the homes they grew up in. CreativaStudio/Getty ImagesBut, according to Moszczynski, millennials also played it safe with the "sad beige" trend because they were concerned about the resale value of their homes.

Persons: —, Rachel Parker, Hayley DeRoche, Parker, Chris, Josh Jessup, Matt Moss, Jessup, Z, Moss, They've, Alice Moszczynski, millennials, Moszczynski, Josh Jessup Jessup Organizations: Service, Wall Street Journal, Business Locations: Texas, Australian, Moszczynski

☆ Opinion: Shopping for perfume is returning to its roots
▼ + stars: | 2023-11-24 | by ( Opinion Elena Sheppard | ) edition.cnn.com time to read: +4 min

The new protocol involves perfume samples on display and a salesperson on call to retrieve the item should a patron want to purchase. The company told CNN the change was implemented because perfumes and colognes were among the most frequently shoplifted items in Sephora stores, and shoplifting numbers were trending higher. At Sephora, consumers could handle the product themselves, wandering the aisles and filling up shopping baskets like they were at the supermarket. Returning to a different perfume shopping model is a bit of a return to the status quo of an earlier era. Previous generations did more interfacing with salespeople in stores, particularly for items like perfume, and perhaps we should too.

Persons: Elena Sheppard, ”, Sephora, schtick, Charley Gallay, I’m eyeing Organizations: Cuban, Martin’s Press, CNN, New York Times Locations: St, cologne, Sephora

☆ Walmart Keeps Winning, but Has High Bar to Clear
▼ + stars: | 2023-11-16 | by ( Jinjoo Lee | ) www.wsj.com time to read: 1 min

Walmart said it is on pace to increase operating income by a higher percentage than revenue for the full year. Photo: Scott Olson/Getty ImagesConsumers are feeling squeezed and are gravitating to places that sell necessities at a good price. In other words, it’s an environment made for Walmart . There are four corners of retail that are working well right now: Online, off-mall, convenience and value, as Citi Research analyst Paul Lejuez put it in a recent report. Walmart is thriving in each of these.

Persons: Scott Olson, Paul Lejuez Organizations: Walmart, Getty, Citi Research

☆ Crypto.com wins Dubai licence
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

DUBAI, Nov 14 (Reuters) - Virtual assets exchange Crypto.com's Dubai entity CRO DAX Middle East FZE has received a licence from the city state's regulator, subject to operational approval, the company said in a statement on Tuesday. Once approved, the Virtual Assets Service Provider (VASP) licence will allow Crypto.com to offer various services in-market to retail and institutional investors, including exchange services, broker-dealer services, investment services, and lending and borrowing services, the statement said. “Dubai continues to show it is a leading market when designing effective regulation for the crypto space while still supporting adoption and innovation," Kris Marszalek, CEO of Crypto.com said. With more than 80 million customers globally, Crypto.com announced Dubai as its regional hub for the Middle East and North Africa in March 2022, following a trend of other major industry players gravitating towards the Gulf city state. Reporting by Rachna Uppal; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: DAX, Kris Marszalek, Crypto.com, Rachna Uppal, Michael Perry Organizations: Virtual Assets Service, Assets Regulatory Authority, Dubai International Financial, Crypto.com, Thomson Locations: DUBAI, Dubai, VARA, East, North Africa, Gulf

With the meme-stock rally in the rearview mirror and interest rates surging, individual investors are rediscovering the philosophy made famous by Vanguard's founder, Jack Bogle. Fans call themselves "Bogleheads," and the strategy "lazy" investing. Dan Griffin, a self-proclaimed Boglehead based in Florida, said he watched the meme stock rally in amusement. The current market condition is proof that his "tortoise" investing approach is the right one to building long-term wealth, he said. "The meme stock phenomenon seemed so focused on being incredibly plugged into your portfolio and monitoring your investments — I see the Bogleheads' philosophy as being antithetical to all of that."

Persons: Jack Bogle, Dan Griffin, Boglehead, Griffin, Christine Benz, Morningstar Organizations: GameStop, CNBC Locations: Florida

☆ How Ulta Is Capitalizing on a Key Trait of Beauty Buyers Right Now
▼ + stars: | 2023-11-01 | by ( Megan Graham | ) www.wsj.com time to read: 1 min

Michelle Crossan-Matos, the chief marketing officer at Ulta Beauty, said the company’s range of prices is a strategic advantage among consumers facing pressure from inflation. Photo: Ulta BeautyAfter Michelle Crossan-Matos joined Ulta Beauty as its chief marketing officer in January, the broader cosmetics market started to see consumers spending more selectively and gravitating toward less expensive brands. “Consumers are exploring how best to navigate the economic uncertainty,” Ulta Chief Executive Dave Kimbell said on a company earnings call in May. “Inflation concerns remain high.”

Persons: Michelle Crossan, Matos, ”, Dave Kimbell Organizations: Ulta Beauty, “

☆ Fed's reverse repo facility drawdown looms large in balance sheet debate
▼ + stars: | 2023-10-31 | by ( Michael S. Derby | ) www.reuters.com time to read: +6 min

Inflows have dropped sharply in recent months to around $1 trillion in the face of the Fed's aggressive policy tightening underway since last year. Fed officials, for their part, have said repeatedly they’ve got a lot of room to cut their holdings of Treasuries and mortgage-backed securities, a process that complements Fed rate increases. So far, reverse repos have “come down very smoothly,” Lorie Logan, president of the Dallas Fed said earlier this month. In his view, if reverse repos stopped contracting that could become a meaningful sign liquidity levels were getting tight enough for the Fed to change gears. "We still have a very large balance sheet" so the balance sheet cuts can likely continue over the next year and half to two years, she said, adding when it comes to getting to the finish line, "it's going to take a while."

Persons: they’ve, ” Lorie Logan, Logan, “ I’ve, Wells Fargo, Roberto Perli, Lou Crandall, Wrightson ICAP, Crandall reckons, Loretta Mester, Michael S, Dan Burns, Andrea Ricci Organizations: Fed, Dallas Fed, New York Fed, Reuters Graphics Reuters, Cleveland Fed, Thomson Locations: Treasuries, Wells

☆ Falling stocks, climbing mortgage rates: how 5% Treasury yields could roil markets
▼ + stars: | 2023-10-20 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

Expectations that the Federal Reserve will keep interest rates elevated and mounting U.S. fiscal concerns are among the factors driving the move. Because the $25-trillion Treasury market is considered the bedrock of the global financial system, soaring yields on U.S. government bonds have had wide-ranging effects. "The longer we remain at higher interest rates, the more likely something is to break." Elon Musk warned that high interest rates could sap electric-vehicle demand, which knocked shares of the sector on Thursday. Reuters GraphicsThe U.S. dollar has advanced an average of about 6.4% against its G10 peers since the rise in Treasury yields accelerated in mid-July.

Persons: Brendan McDermid, Gennadiy Goldberg, Jerome Powell, Powell, Elon Musk, Tesla’s, gravitating, Athanasios Vamvakidis, Saqib Iqbal Ahmed, Ira Iosebashvili, Stephen Coates Organizations: New York Stock Exchange, REUTERS, Treasury, Federal Reserve, TD Securities, Reuters, Global Research, Reuters Graphics, ICE, Fed, Thomson Locations: New York City, U.S, New York, Treasuries

☆ iPhone 15 demand dips in China, analysts say
▼ + stars: | 2023-10-16 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +2 min

CNN —Demand for Apple’s new iPhone 15 lineup is weaker in China than for last year’s models, according to analysts. Sales for the iPhone 15 are down 4.5% in China compared to iPhone 14 sales in the first two weeks after its launch, according to Counterpoint Research. Separately, Bloomberg reported on Monday financial firm Jefferies said iPhone 15 sales dropped by a double-digit percentage following strong customer demand for Huawei’s new Mate 60 smartphone line. That’s strong growth for Apple considering sales fell for the third consecutive quarter in August, ahead of the iPhone 15 launch. In September, the US government sought more information about the Mate 60 Pro’s 5G Kirin 9000s processor reportedly developed specifically for the manufacturer.

Persons: Jefferies, they’ve, ” Jeff Fieldhack, Fieldhack, Apple, ” Organizations: CNN, Research, Bloomberg, Huawei, Apple, Kirin Locations: China, United States

PepsiCo's revenue rose 7% in the third quarter despite lower demand as the company continued to hike prices. Pepsi raised prices 11% in the July-September period, the seventh straight quarter that the Purchase, New York, company has increased prices by double-digits. Sales volumes fell 2.5%. Still, Frito-Lay North America sales volumes dropped 0.5% during the July-September period as net prices rose 8%. North American beverage sales volumes dropped 6% as prices rose 12%.

Organizations: Pepsi, PepsiCo, Gatorade, Lay North, FactSet Locations: , New York, Lay North America, American, Europe, America

☆ ‘Mexikid’ and ‘Salsa Magic’ Drive Latino Kids to Their Roots
▼ + stars: | 2023-09-13 | by ( Matt De La Peña | ) www.nytimes.com time to read: +1 min

When I was a kid, my family moved from a predominantly Mexican American border community in San Diego to a sleepy beach town 20 miles up the coast. Surrounded by the dominant culture for the first time, I found myself gravitating toward the “American” part of my Mexican American identity. Her quiet presence was a constant in our lives, and though she may not have fit the version of the American Dream most books and movies peddled back in those days, she was our North Star. Thankfully, the American Dream we see in pop culture today is more expansive. In the opening pages of “Mexikid,” Martín riffs on his first name: “They call me Peter … but my real name is Pedro.

Persons: Natividad, Pedro Martín, Levine Querido, Letisha Marrero, “, Peter …, Pedro, …, ” Organizations: North Star Locations: Mexican, San Diego, Natividad Burgos

Search resuls for: "gravitating"

25 mentions found