DIRS.INFO The most relevant business & tech news

☆ Trump dominates GOP money race, DeSantis spends heavily, George Santos goes negative: Takeaways from new campaign finance reports
▼ + stars: | 2023-10-16 | by ( Fredreka Schouten David Wright Alex Leeds Matthews | Fredreka Schouten | David Wright | ) edition.cnn.com time to read: +15 min

Eyes on the SenateCalifornia hosts a high-profile 2024 Senate race, as a crowded field vies to succeed the late Democratic Sen. Dianne Feinstein. Porter’s report showed her campaign collected $3.4 million and had amassed nearly $12 million in cash on hand by September 30. One of Sinema’s top challengers, Democratic Rep. Ruben Gallego, had a strong fundraising quarter by contrast. And in Pennsylvania, Democratic Sen. Bob Casey raised $3.2 million and had nearly $7.4 million on hand for another top race. Kim outraises MenendezFederal prosecutors last month lodged bribery-related charges against Democratic Sen. Bob Menendez of New Jersey, just days before the end of the fundraising quarter.

Persons: Donald Trump, Ron DeSantis, Mike Pence, South Carolina Sen, Tim Scott, Scott, DeSantis, meanwhile, Trump’s, Haley, Christie, Nikki Haley’s, Haley’s, Chris Christie, Democratic Sen, Dianne Feinstein, Adam Schiff, Schiff, Katie Porter, Barbara Lee, Porter’s, Lee, Sen, Laphonza Butler, Gavin Newsom, Kyrsten Sinema, Sinema, hasn’t, Ruben Gallego, Gallego, Kari Lake, Pinal County Sheriff Mark Lamb, West Virginia Sen, Joe Manchin, Jim Justice, Alex Mooney, Matt Dolan, Bernie Moreno –, Sherrod Brown, Dolan, Moreno, Brown, Tammy Baldwin, Jacky Rosen, Sam Brown, Debbie Stabenow’s, Elissa Slotkin, Slotkin, Hill Harper, Bob Casey, Republican Dave McCormick, McCormick, Kim outraises Menendez, Bob Menendez, Menendez, Andy Kim, Kim, George Santos, Santos, –, Amy Walter, Curtis Hertel, Robert F, Kennedy Jr, Kennedy, Gavin de Becker, Trump Organizations: CNN, White, Florida Gov, White House, Trump, N2024D, GOP, PAC, South Carolina Gov, Former New Jersey Gov, Senate California, Democratic, Los, Democratic Gov, Democratic Party, Senate, Democratic Rep, Arizona Republicans, Pinal County Sheriff, West, Cleveland Guardians MLB, Republican, Bob Menendez of New, Republicans, Congressional District, RFK Jr, Associates Locations: Florida, Trump, South Carolina, Iowa, New Hampshire, Los Angeles, Arizona, Pinal County, Ohio, Cleveland, Wisconsin, Nevada, Michigan, Pennsylvania, Bob Menendez of, Bob Menendez of New Jersey, York, Long, Michigan’s, Democratic, California

☆ Down to the wire: It's time for the SEC to decide its next move in the bitcoin case
▼ + stars: | 2023-10-13 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Circuit's ruling that the agency was wrong to reject an application from Grayscale Investments to create a spot bitcoin ETF. Should they decide not to appeal, they will likely be forced to approve the Grayscale application to convert to a spot bitcoin ETF, and possibly to approve all other spot bitcoin applications as well. New rules on short sales also coming Separately, the SEC Commission will vote Friday to adopt two new rule proposals regarding short sales. Part of that act directed the SEC to promulgate rules that would provide more information on the loaning or borrowing of securities. The filing would be confidential, and the SEC will then publish the aggregate short sales by each security.

Persons: It's, Dodd, Frank, Gary Gensler Organizations: SEC, The Securities, Exchange Commission, ., Appeals, Gamestop

☆ George Santos filed false campaign reports inflating his fundraising figures to garner national GOP support, prosecutors say
▼ + stars: | 2023-10-05 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Prosecutors allege in a new filing that Santos filed false campaign finance reports to the FEC. The feds also say he reported loaning $500,000 to the campaign even though he didn't have the money. AdvertisementAdvertisementRepublican Rep. George Santos of New York falsely inflated his campaign's fundraising figures in order to garner support from the National Republican Campaign Committee (NRCC), federal prosecutors said in a new filing on Thursday. AdvertisementAdvertisementSantos and Marks also falsely reported $53,200 in contributions from 10 different family members of Santos, according to prosecutors. Santos ended up qualifying for the program the following month based on the false campaign finance reports.

Persons: Santos, arm's, didn't, —, George Santos, Nancy Marks, Marks, who's, Joseph Murray Organizations: GOP, Service, National Republican Campaign, Prosecutors, Federal, House Republicans Locations: George Santos of New York, United States

☆ Your investments may be haunted
▼ + stars: | 2023-10-05 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

Stocks often struggle when government bond yields are elevated, since it means investors can get high returns on less risky assets. But here’s the kicker: As the price of bonds go up when lots of people buy them, yields go down. When official interest rates rise so do investors’ expectations for returns on bonds, known as yields. This creates an incentive for investors to sell the bonds they currently hold and buy newly issued ones that offer higher interest payments. Back to the programWhen official interest rates rise, which is what’s happened over the past year and a half, so do investors’ expectations for returns on bonds.

Persons: CNN Business ’, Nicole Goodkind, You’ve, Dow, What’s, Stocks Organizations: CNN Business, New York CNN, Dow, Nasdaq, Treasury, Federal Reserve Locations: New York

PARIS (AP) — Planted in a field, Vincent van Gogh painted furiously, bending the thick oils, riotous yellows and sumptuous blues to his will. And it had a doctor who specialized in depression, Paul Gachet, who took Van Gogh on as a patient. The exhibit includes 11 paintings that Van Gogh painted on unusual elongated canvases, experimenting to stunning effect. Another version of the exhibition, with 10 of the elongated canvases, was first shown at Amsterdam’s Van Gogh Museum earlier this year. “It’s a real fireworks show.”"Van Gogh in Auvers-sur-Oise: The Final Months" runs at the Musée d'Orsay through Feb. 4, 2024.

Persons: —, Vincent van Gogh, Van Gogh, Van Gogh's, Paul Cézanne, Camille Pissarro, Paul Gachet, ” Emmanuel Coquery, “ He’d, ” Coquery, ”, Jimi Hendrix, Sylvia Plath, Jean, Michel Basquiat, Gogh's, Coquery, “, Musée d'Orsay Organizations: PARIS, Orsay Locations: Wheatfield, Paris, French, Auvers, Oise, Van, Amsterdam, Dutch, York, Musée

☆ Israel’s Arab citizens demand justice after alarming rise in gang-related murders
▼ + stars: | 2023-09-08 | by ( Hadas Gold | ) edition.cnn.com time to read: +9 min

Standing at a protest march in Haifa against the rising crime wave affecting Arab communities in Israel last week, Abu Salah cries out “Enough! Filling a ‘vacuum’The rise in violence is fueled by organized crime, Israeli officials say. Nobody else is doing this job except the criminal organizations,” Abu Rass says. “In the Arab sector, criminal organizations are active that have armed militias with thousands of soldiers and many weapons,” Ben Gvir said last month. On Thursday the committee announced proposals including giving police additional technology and administrative tools, and increasing financial penalties against criminal organizations.

Persons: Israel CNN — Sajida Abu Salah, Abu Salah, Abu Salah’s, Ali, –, “, ”, Sajida Abu Salah, Matthias Somm, Thabet Abu Rass, Abraham, ” Abu Rass, Abu Rass, ’, Johara, Kareem Khadder, ” Khnifes, Ahmad Tibi, Itamar Ben Gvir, Netanyahu, ” Tibi, Ben Gvir, ” Ben Gvir, Benjamin Netanyahu, Shin Bet, Shin, ” Netanyahu Organizations: Israel CNN, CNN, Abraham Initiatives, Abraham, US State Department, National, National Security, Israel Police, Shin, ’ Locations: Haifa, Israel, Arab, United States, Tira, Ronen, “

☆ A freak pick-up basketball injury may derail Doug Burgum's debate plans after he loaned himself nearly $10 million to make the stage
▼ + stars: | 2023-08-23 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

GOP presidential hopeful Doug Burgum was injured during a pick-up basketball game. The North Dakota governor might now miss the first GOP primary debate. Burgum loaned himself nearly $10 million in a bid to catapult his long-shot campaign onto the stage. Doug Burgum was briefly hospitalized on Wednesday after suffering an injury during a pick-up basketball game, raising the possibility that after loaning his campaign nearly $10 million he might miss out on the biggest night of his Republican presidential campaign thus far. Burgum is one of nine GOP hopefuls to meet the Republican National Committee's polling and donation thresholds.

Persons: Doug Burgum, Burgum, loaning, Donald Trump, Lionel Messi Organizations: North, Service, Dakota Gov, Republican, CNN, Republican National Locations: North Dakota, Wall, Silicon, Milwaukee

☆ Biden's campaign is plastering 'Dark Brandon' ads across Fox News' website and the city of Milwaukee on the day of the first GOP presidential debate
▼ + stars: | 2023-08-23 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

Joe Biden's campaign plastered "Dark Brandon" memes across Fox News' website and Milwaukee. The ads went up on Wednesday, the day of the first GOP presidential debate. In 2022, Insider reported that Capitol Hill Democrats are embracing the "Dark Brandon" meme. This isn't the first time Biden has embraced the "Dark Brandon" meme — a combination of the anti-Biden "Let's Go Brandon" slogan and the popular "Dark MAGA" movement. In late 2022, members of his administration shared the meme several times across social media, with one saying, "Dark Brandon is crushing it."

Persons: Joe Biden's, Brandon, Biden, Let's, MAGA, Donald Trump, Tucker Carlson, Ron DeSantis, Mike Pence, Sen, Tim Scott, Doug Burgum, Asa Hutchinson, Chris Christie, Nikki Haley Organizations: Fox News, Milwaukee, Capitol Hill, Service, Trump, Republican National Committee, Florida Gov, Tim Scott , North Dakota Gov, Arkansas Gov, CNN Locations: Wall, Silicon, Milwaukee , Wisconsin, Milwaukee, Tim Scott , North, Arkansas, New Jersey, South Carolina

☆ FTX-tied Alameda gets $175 mln claim on Genesis bankruptcy estate
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +1 min

Aug 17 (Reuters) - FTX-affiliated cryptocurrency trading firm Alameda Research was granted a $175 million unsecured claim on the estate of bankrupt crypto lender Genesis Global Capital, according to a court filing dated Wednesday. The settlement marks a significant reduction from the nearly $3.9 billion claim that FTX, which is also bankrupt, had asserted earlier this year. Genesis said the settlement was "fair and equitable" and would allow the company to avoid pursuing "protracted litigation," the outcome of which would be "inherently uncertain." Once-prominent digital asset exchange FTX and lender Genesis Global are two of several crypto firms that went belly up after a turbulent 2022 hit investor sentiment for bitcoin and other crypto tokens. FTX has previously said Genesis was a primary "feeder fund" for Alameda, loaning it crypto assets that it used for further loans and investments.

Persons: Genesis, Sam Bankman, Fried, FTX, Jaiveer Singh, Dietrich Knauth, Varun Organizations: Alameda Research, Genesis Global, Genesis, Thomson Locations: Alameda, U.S, Bengaluru, New York

☆ Remember when Marissa Cooper wore fake Chanel on ‘The O.C’?
▼ + stars: | 2023-08-02 | by ( Leah Dolan | ) edition.cnn.com time to read: +4 min

CNN —Before Blair Waldorf wore Oscar de la Renta to her high school prom, Marissa Cooper — the sun-kissed It Girl of “The O.C.,” which turns 20 on August 5 — was wearing Chanel to second period. Some fans have counted that she debuted six different Chanel bags in the first season alone. In an interview with Page Six in 2018, Welker said she resorted to buying fake Chanel bags to keep up appearances. Michael Yarish/Fox/Alamy Stock PhotoToday, the genre of high school TV drama has undergone a sartorial shift. “Those Chanel bags that (Cooper) carried, those weren’t something I could have on my budget,” she reportedly said.

Persons: Blair Waldorf, Oscar de la Renta, Marissa Cooper, —, Chanel, Cooper, Mischa Barton, Ryan Atwood’s, Imogen Heap, Julie Cooper, Alexandra Welker, Welker, ”, Michael Yarish, Heidi Bivans —, HBO Max, Miu Miu, Jean Paul Gaultier, “, ” Welker, Page Organizations: CNN, Fox, Alamy, HBO, Warner Media Discovery, “ Locations: Newport Beach , Orange County, Coperni, Downtown LA

The principle is that nature is an unpaid worker providing services, like carbon sequestration, soil retention, water filtration, replenishing raw materials and more. It is providing an invisible subsidy to world economies. Take carbon pricing. Poor countries that have abundant natural resources are loaning their economic resources, like the carbon-sequestering value of their rainforests, to rich countries without compensation. Why add such a pricing structure when economies can exploit nature for free?

Persons: John Kerry, ” It’s Organizations: Democratic, Resilience Locations: Democratic Republic of, Congo

☆ I'm 26 years old, making $90,000 a year. Here's how I budget my money to afford to live in San Francisco and enjoy monthly manicures and $22 kebab orders.
▼ + stars: | 2023-07-24 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

Alexis is a 26-year-old living in San Francisco earning $90,000 a year as an account supervisor. We asked Alexis, a 26-year-old San Francisco resident, about her biggest spending categories, biggest money mistakes, and financial goals. Childhood dreams brought me here to San Francisco. But I moved to San Francisco at the same time as that raise — and taxes are much higher here — so my post-promotion paychecks only increased by $50. I know I'm going to have to be more conscious about eating out to make room for those payments.

Persons: Alexis, Gen Zers, It's, I've, I'm Organizations: Service, Trader Joes, Safeway Locations: San Francisco, Wall, Silicon, Iowa, Phoenix, Francisco, Europe

☆ BlackRock is on the lookout for deals — and it just scooped up a major lender to European startups to supercharge its private credit business
▼ + stars: | 2023-06-08 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +3 min

The purchase will boost the money manager's offerings in the booming private credit space. The world's largest asset manager is set to buy a lender to European technology and healthcare companies to boost its private credit business. One area that BlackRock has been focused on ramping up has been its $320 billion alternatives business, especially private credit. Private credit has grown tremendously as traditional banks pull away from loaning to small and risky companies. Within private credit, venture debt is a growing area.

Persons: Larry Fink, Stephan Caron, Monese, Keefe, Michael Brown, Brown, Martin Small Organizations: BlackRock, Investors, Silicon Valley Bank, Tennenbaum Capital Partners Locations: London, BlackRock, loaning, Europe, Asia, Silicon

☆ Why Goldman Sachs' John Waldron Flagged This 'Young, Talented' Banker
▼ + stars: | 2023-06-02 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Goldman Sachs' COO, John Waldron, gave a speech on Thursday touting the firm's growth opportunities. The shoutout comes as Goldman Sachs joins its Wall Street peers by seeking to boost its wealth business that caters to the rich. Waldron on Thursday admitted that Goldman has "underinvested" in the private wealth business. Goldman's wealth business Goldman Sachs has about 1,000 advisors overseeing $1 trillion for its ultra-high net worth clients with at least $10 million to invest. The unit works closely with moneyed entrepreneurs, prime targets for Goldman's private wealth business.

Persons: Goldman, John Waldron, Nishi Somaiya, Goldman Sachs, David Solomon's, Nishi, We've, Waldron, Somaiya, Marc Nachmann Organizations: Oxford, Private, Silicon Valley Bank, UBS's, Credit Suisse, Bloomberg, University of Oxford, Royal Ballet School Locations: Silicon, Europe, Americas, SVB

☆ Ron Johnson insists he won't pocket $8.4 million from donors. But thanks to Ted Cruz, he could legally do exactly that.
▼ + stars: | 2023-05-17 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +8 min

That's due to a Supreme Court case won last year by Ted Cruz, who defended Johnson repaying himself. In October quarterly filings, Johnson's campaign declared that it was reinstating $8.4 million in loans, citing Ted Cruz vs. FEC. Furthermore, the door is now open for other self-funding candidates to demand payback of campaign loans that they had previously forgiven. And prior to Johnson telling Insider that he wouldn't seek a loan repayment, Cruz vociferously defended the hypothetical repayment. "It is perfectly reasonable that Ron Johnson, after 10 years of making an interest-free loan to the American people, can pay back his own money," Cruz added.

Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). Payday loans and title loans come with high interest rates that trap many people in a cycle of debt. Low interest personal loans. These loans are helpful for home repairs or remodeling where you may need to borrow money as needed. These loans are helpful for home repairs or remodeling where you may need to borrow money as needed.

☆ Democratic Rep. David Trone launches Maryland Senate run
▼ + stars: | 2023-05-04 | by ( Bridget Bowman | Bridget Bowman Is A Deputy Editor For Nbc'S Political Unit. | ) www.nbcnews.com time to read: +3 min

Democratic Rep. David Trone announced Thursday that he is jumping into Maryland’s open Senate race, and he signaled that he’s willing to spend his vast personal fortune on his campaign. During a brief interview with NBC News ahead of his announcement, he declined to say how much he is willing to spend on the Senate race. In 2016, Trone lost the Democratic primary to Rep. Jaime Raskin, who is also considered a potential Senate candidate. TIME previously reported that Trone told associates he is willing to spend $50 million of his own money on the Senate race, but Trone declined to directly answer questions about that specific figure. That’s what people are just tired of — politicians that want to be on CNN and MSNBC and talk, talk, talk but not get something accomplished.

Companies Genesis Global Capital, Llc FollowMay 4 (Reuters) - Bankrupt crypto exchange FTX received U.S. bankruptcy court permission on Thursday to sell its LedgerX business for $50 million, raising additional funds to repay creditors. Miami International Holdings owns the Bermuda Stock Exchange and several U.S.-registered securities exchanges, including the Miami International Securities Exchange. FTX said in a court filing that Genesis owes it that money as a result of transactions that took place shortly before FTX's bankruptcy filing. Genesis, unlike other creditors, was largely repaid before FTX went bankrupt, FTX said. FTX, a once-prominent crypto exchange, filed for Chapter 11 amid allegations that founder Sam Bankman-Fried used FTX customers' money to prop up Alameda's balance sheet.

☆ A former IMF official says it's 'very likely' US home prices fall 15-20% as a credit crunch creates a lose-lose scenario for the housing sector and the debt ceiling standoff threatens a substantial re
▼ + stars: | 2023-05-02 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

A credit crunch, an already-slowing economy, and the debt-ceiling standoff risk a downturn. If these smaller institutions are loaning out less money, this further hurts demand in the housing market, meaning home prices have to fall accordingly. On the other hand, a credit crunch puts the US economy at significant risk of a recession, Lachman said. "Housing gets hit by tighter credit conditions, but then it also gets hit if the economy goes into recession." KPMG's Yelena Maleyev believes prices could fall as much as 20%, while Interactive Brokers' José Torres sees 15% downside.

☆ Wrexham: An intoxicating tale of Hollywood glamour and sporting romance
▼ + stars: | 2023-04-28 | by ( Aimee Lewis | ) edition.cnn.com time to read: +22 min

In an often brutal and bleak world, the recent resurgence of Wrexham, the city as well as the soccer club, lifts the soul. The Turf pub is a must-see for Wrexham fans. But now, there’s Wrexham with a story that, in hindsight, feels as if it was just waiting for Hollywood. One of Wrexham city center's shopping areas, pictured on April 22. Wrexham fans celebrate on the pitch after their team beat Boreham Wood at the Racecourse Ground.

☆ CNBC Daily Open: A regional bank overshadows Big Tech
▼ + stars: | 2023-04-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Big Tech continues its winning streak, but it wasn't enough to ignite a broader rally in markets because of fears reignited by First Republic. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Big Tech continues its winning streak, but it wasn't enough to ignite a broader rally in markets. Any sign of weakness in a bank is enough to send waves of fear throughout investors and make them forget, if only temporarily, the promises of Big Tech. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ Goldman Sachs just raised their recession probability due to stress in the banking system. These 20 stocks are least sensitive to an economic downturn, the bank says.
▼ + stars: | 2023-03-20 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

Silicon Valley Bank, Signature Bank, and First Republic Bank have all battled woes in the last week. Silicon Valley Bank and Signature Bank of New York both closed in recent days as a result of a run on deposits. Silicon Valley Bank had taken significant losses on bond investments, causing depositors to worry that their money would not be safe. This fear spread to customers of Signature Bank, which then sold assets at a loss to meet liquidity demands. First Republic Bank also appeared to have insufficient liquidity to weather a bank run, fueling concerns that it would be closed down.

☆ How 'bailout' became a dirty word
▼ + stars: | 2023-03-15 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

New York CNN —“Bailout” became a curse word in American politics following the 2008 global financial crisis, fueling backlash among people who felt the risks and potential consequences of capitalism didn’t apply to big corporations or the wealthy. A financial bailout is generally considered to be providing compensation for losses when there was reckless, irresponsible or nefarious behavior at play, he added. “Bailout is a dirty word. The politics of bailoutsBailout politics have returned in response to the Silicon Valley and Signature meltdown. If those depositors are made whole, that would constitute a bailout, he said.

☆ Everything you need to know about a crazy weekend in the wake of Silicon Valley Bank's failure
▼ + stars: | 2023-03-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

It's all about Silicon Valley Bank going down and the knock-on effects. If you're not up to speed, here's a quick rundown on what the hell happened at Silicon Valley Bank. The US Treasury, Federal Reserve Board, and the Financial Deposit Insurance Corporation announced they would "fully protect" all depositors who had funds in Silicon Valley Bank. Regulators also made one thing clear with their announcement: "No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer." Nobel Prize-winning economist Paul Krugman has a new name for Silicon Valley Bank.

If you're dating someone new, here are five red flags around money you should be looking out for:1. Pros Check mark icon A check mark. Low annual fee for investment accounts; crypto trust investments available Check mark icon A check mark. Tax-loss harvesting Check mark icon A check mark. Mobile app and investing and retirement tools Check mark icon A check mark.

Search resuls for: "loaning"

25 mentions found