DIRS.INFO The most relevant business & tech news

☆ MLB roundup: Kodai Senga shines in debut as Mets down Marlins
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +12 min

[1/2] Apr 2, 2023; Miami, Florida, USA; New York Mets starting pitcher Kodai Senga (34) pitches against the Miami Marlins in the first inning at loanDepot Park. /Rhona Wise-USA TODAY SportsApril 3 - Right-hander Kodai Senga struck out eight batters in his major league debut, leading the New York Mets to a 5-1 win over the host Miami Marlins on Sunday afternoon. Marlins starter Trevor Rogers (0-1) lasted just 4 1/3 innings, allowing four hits, two walks and four runs, three earned. He allowed one run on three hits while walking two and striking out six in his first start of the season. Two of Houck's five hits allowed were home runs by Baltimore's Adam Frazier (3-for-4, two RBIs, two runs) and Cedric Mullins (2-for-5, run, three RBIs).

There are uncertainties," Boston Fed President Susan Collins said in an interview with Bloomberg Television on Friday. Richmond Fed President Thomas Barkin struck a similar note last week. "When you raise rates there's always the risk of the economy softening faster than it might have otherwise. "People will continue to spend as long as they get paid," said Yelena Shulyatyeva, senior U.S. economist with BNP Paribas. It will, but only at the point at which they stop getting paid" because of a slowing economy and rising unemployment.

☆ Euro zone factory downturn deepened in March, PMI shows
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +2 min

LONDON, April 3 (Reuters) - Activity at struggling factories across the euro zone fell further last month as consumers feeling the pinch from rising living costs cut back, according to a survey which did show the cost of manufacturing fell for the first time since mid-2020. S&P Global's final manufacturing Purchasing Managers' Index (PMI) fell to 47.3 in March from February's 48.5, just ahead of a preliminary reading of 47.1 but below the 50 mark separating growth from contraction for a ninth month. Lower energy costs and healing supply chains did however mean input prices fell for the first time since July 2020 - just when the coronavirus pandemic was cementing its grip on the world. Despite having embarked on the most aggressive tightening of monetary policy in the central bank's history, prices rose 6.9% last month, official data showed on Friday. Reporting by Jonathan Cable; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ MLB roundup: Trayce Thompson's 3 HRs power Dodgers' rout
▼ + stars: | 2023-04-02 | by ( ) www.reuters.com time to read: +10 min

Rangers 16, Phillies 3Mitch Garver hit a pair of three-run home runs in Texas' rout of Philadelphia in Arlington, Texas. Blue Jays starter Kevin Gausman (0-1) struck out seven and walked one in six innings. Nationals starter Josiah Gray (0-1) allowed five runs on seven hits -- including three home runs -- in five innings. Gray (1-0) allowed three hits, struck out one and walked four in the second game of the three-game series. The Rays scored the seven runs on six hits, and Yandy Diaz added two runs with a home run the following inning.

☆ Stubborn inflation keeps ECB on course for more rate hikes
▼ + stars: | 2023-03-31 | by ( Francesco Canepa | ) www.reuters.com time to read: +3 min

"The pressure on the ECB to continue raising interest rates remains high," Commerzbank economist Christoph Weil said. Consumer prices in the euro zone rose by 6.9% in March after an 8.5% increase in February, implying the biggest drop since Eurostat started collecting data in 1991. Analysts polled by Reuters had expected headline inflation in the 20 countries that share the euro to come in at 7.1% and core inflation at 7.5%. Strengthening the case for more tightening, euro zone unemployment remained stubbornly low at 6.6%. This is a concern for policymakers who fear it could give workers greater bargaining power in salary negotiations and lead to higher wage increases that could perpetuate high inflation.

☆ MLB roundup: Aaron Judge homers in Yankees' opening win
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +8 min

Houston had its modern-day record of 10 consecutive Opening Day wins snapped. Orioles 10, Red Sox 9Adley Rutschman's 5-for-5 Opening Day helped Baltimore to a win over host Boston. Mets 5, Marlins 3Brandon Nimmo's three RBIs backed Max Scherzer's quality start, leading New York to an Opening Day victory over Miami. Twins 2, Royals 0Pablo Lopez and four relievers combined on an Opening Day two-hitter as visiting Minnesota blanked Kansas City. It was O'Neill's fourth consecutive Opening Day with a homer, tying a major league record.

The contracted use of hotels was envisioned as a temporary measure, but adds strain to the asylum accommodation system. The cost of housing asylum seekers in hotels has increased over the past year, now exceeding £6 million ($7.4 million) a day, the Home Office told CNN in a statement. On Tuesday, the UK Home Office also said Afghans who have been living in temporary UK accommodation for 18 months will be given three months’ notice to move out of so-called bridging hotels. There are currently around 8,000 Afghans living in 59 bridging hotels in the UK, according to the Home Office. But campaigners also warned that the plan could exacerbate the trauma experienced by people displaced by political strife and conflict in Afghanistan.

☆ Signs of pain as easy cash era ends are growing
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +5 min

LONDON, March 30 (Reuters) - The easy-cash era is over and markets are feeling the pinch from the sharpest jump in interest rate in decades. Since late 2021, big developed economies including the United States, euro area and Australia have raised rates by almost 3,300 basis points collectively. Japanese, European and U.S. banks stocks, while off recent lows, are still well below levels seen just before SVB's collapse. Reuters Graphics2/ DARLINGS NO MOREAs the SVB collapse showed, stress in the tech sector can quickly ripple out across the economy. Reuters Graphics4/ CRYPTO WINTERHaving benefited from an influx of cash during the easy-money era, cryptocurrencies have felt pain as rates rose last year, then gained on recent signs that tightening could end soon.

☆ Digging with scant hope, families search for dozens missing in Ecuador landslide
▼ + stars: | 2023-03-28 | by ( ) www.reuters.com time to read: +2 min

[1/4] People dig amid debris as they look for relatives, following a landslide, in Alausi, Ecuador March 28, 2023. REUTERS/Karen ToroALAUSI, Ecuador, March 28 (Reuters) - Families and rescue groups in Ecuador worked to find dozens of people still missing after a landslide smothered buildings and a stadium in the small city of Alausi, with the official death toll of seven expected to rise. Some 64 people were missing as of Monday night, according to Ecuador's disaster agency, and around 32 survivors had been rescued. Using spades, relatives dug through the dirt in spots they believe their loved ones were when the landslide hit. President Guillermo Lasso visited the area on Monday night and offered to extend the rescue efforts to find the missing.

☆ 'Magical' nails found in a 2,000-year-old Roman tomb were meant to stop the restless dead from haunting the living, archaeologists say
▼ + stars: | 2023-03-28 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +5 min

Archaeologists have found bent nails, lime, and brick near a Roman burial site. These may have been charms to stop the restless dead from interfering with the living, they said. There are signs in burial site that the deceased person was respected at the time of their death. iStock / Getty Images PlusThe nails suggest ancient Romans feared the restless dead and would use various occult practices to protect themselves, archaeologists said in the study. But they were dead nails, and the way they were distributed around the perimeter of the tomb suggests that the placement was purposeful," he said.

☆ A laid-off Indeed.com employee went on a 'final office snack run' and filled his tote bag with chips and instant noodles on his way out
▼ + stars: | 2023-03-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

He filled up a black bag with an assortment of chips, instant noodles, and other snacks before exiting the office. Jobs portal Indeed.com laid off 2,200 employees, or 15% of its workforce last week. Despite Lee's choice of snacks in the video, he told Insider he prefers healthier snacking choices like nuts and dried fruits. "At the end of the day the snacks had to be cleared out so no harm was done," he told Insider. Indeed.com laid off about 90%, or over 200 employees in Singapore last Wednesday, the country's Business Times reported Friday.

☆ A laid-off Indeed.com employee went on a 'final office snack run' and filled his tote back with chips and instant noodles on his way out
▼ + stars: | 2023-03-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

☆ The Fed sees a looming credit crunch. What's that?
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +4 min

March 24 (Reuters) - It's an old saw: A credit crunch is when your bank won't lend to you. In other words: a credit crunch is coming. But the credit growth rate has recently fallen below its historic average to a level that has often been associated with a recession. That was indicative of the lasting restraint that episode had on the recovery in credit and economic growth overall. That was the case 8-10 years ago when low oil prices triggered a credit crunch among U.S. oil fracking companies, weighing heavily for a period on overall commercial loan growth while consumer loan growth kept improving.

It exceeds in being a smart alarm clock, and it can you give control of your smart devices. It's meant to function as a very smart alarm clock while giving you the ability to control your smart home, video chat, see pictures of cute animals, and stream video. Lowest Price Amazon Echo Show 5 The second-gen Echo Show 5 is a compact smart display that's perfect for use as a smart alarm clock on your bedside table. And while it works as a decent smart alarm clock, it won't blow you away as anything beyond that. The Amazon Echo Show 8 offers a much larger screen and better speakers than the Amazon Echo Show 5.

Since then, critics say those schemes have come back to bite the economy by ramping up competition for scarce housing - fuelling inflation and piling pressure particularly onto young, local, entry-level workers. Rents in Lisbon have jumped 65% since 2015 and sale prices have sky-rocketed 137%, figures from Confidencial Imobiliario, which collects data on housing, show. Locals struggled to keep up in a country where public housing only represents 2% of the property market, according to government data. The average rent for a one-bedroom flat in Lisbon is around 1,350 euros, a study by housing portal Imovirtual showed. "If housing stays this expensive or gets worse, (foreign) people ... will start moving back to their own countries."

☆ It's wild that Western governments have decided that TikTok might spy for China. The app hasn't helped itself.
▼ + stars: | 2023-03-18 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

TikTok denies it feeds user data to China, but the drip-drip of revelations hasn't helped. The suspicion is that TikTok's owner ByteDance is in cahoots with the Chinese Communist Party and shares data about Western users with China. TikTok has maintained the app doesn't spy on individuals, and has pointed to the steps it's taking to hive off user information. FCC commissioner Brendan Carr responded to Bertram asking if "any member of the CCP accessed non-public US or EU user data from inside China." US social-media services normalized the aggressive harvesting of user data, and routinely hand over information to international governments.

☆ Spring training roundup: Nats score 8 in ninth to beat Astros
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +5 min

Blake Rutherford hit an RBI single, Cody Wilson -- who pinch-ran for Arcia -- hit a two-run double and Vargas singled home Wilson. The Yankees had 15 hits, led by Wilmer Difo (2-for-4, home run), Benjamin Cowles (homer) and Estevan Florial (2-for-4, three RBIs). Cardinals 16, Marlins 2Masyn Winn went 3-for-4 with four RBIs and Willson Contreras doubled and went 2-for-3 with three RBIs as St. Louis throttled Miami in Sarasota, Fla. The Cardinals collected 17 hits, with Dylan Carlson contributing two hits, two RBIs and two runs. The Marlins' Jerar Encarnacion went 2-for-3 with one RBI.

☆ 20 years of digital transformation, as seen by an IT expert
▼ + stars: | 2023-03-17 | by ( Sponsor Post | Created Insider Studios With Goto | ) www.businessinsider.com time to read: +7 min

Back then, the average person would hear the term "remote support" and probably think it meant getting help for their TV controller. Jaromi said he has seen teams increase their productivity between 20% to 50% by letting GoTo Resolve's efficiencies work for them. For SMBs, GoTo Resolve can often be their main IT presence. But Rescue and GoTo Resolve have constantly stayed a step ahead, building in the most secure layers possible. Looking to the futureOver his 18 years at GoTo, Jaromi has seen the company endure significant changes, from being an upstart innovator to an established industry leader.

☆ 41% of adults are preparing for a recession. It's time to stress-test your income, advisors say
▼ + stars: | 2023-03-17 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

Yet many Americans — 41% — have taken steps to prepare for a possible economic downturn, according to a survey by Morning Consult. Still, there are a few steps advisors say you should take now to make sure you are prepared to weather a downturn. Barry Glassman president of Glassman Wealth Services"Stress-test your income against your ongoing obligations," Glassman said. The upside for conservative investors is they are now able to get higher interest rates on their cash. Reduce your debtsHigher interest rates mean consumer debts are climbing higher.

GET ON THE BALL Step up your shoe game with these five rounded pairs. “I HAVE very beautiful feet,” proclaimed Cassi Namoda, 34, an artist in East Hampton, N.Y. She insists she’s “not being conceited,” just stating a fact. What does she credit for making her pedicured tootsies so aesthetically pleasing, callus-free and baby-soft? Her refusal to “wear shoes that pinch—ever.” She mainly sticks to pairs with round toes.

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). However, some vendors make that cost explicit by tacking on a fixed fee or percentage of the transaction to credit card payments. To avoid getting scammedMany credit card scams involve cardholders being victimized after willfully handing over their card or account information. To buy cash equivalentsMany credit cards offer cash advances, which allow you to borrow cash against your credit limit. Her credit history was pristine, but she only had two credit cards with low credit limits that she nearly exhausted each month on business and personal expenses.

☆ Ukraine starts producing shells for Soviet-era tanks
▼ + stars: | 2023-03-14 | by ( Max Hunder | ) www.reuters.com time to read: +1 min

The ammunition was being made outside Ukraine with the co-operation of an unnamed NATO country, state-owned Ukroboronprom said. It said the shells had been made to fulfil an order from Ukraine's defence ministry. This creates an acute need for new sources of ammunition supply, as most NATO tanks use a different calibre -- while the vast majority of 125-mm round stocks are held by Russia and other countries who would not supply Ukraine. Ukroboronprom said this is the second type of munition which it had started to make in co-operation with a NATO member state. In February, it announced the start of joint production of 120-mm mortar rounds, again with an unnamed NATO partner.

☆ The top 3 U.S. cities where new rental apartments have gotten smaller—and NYC isn't one of them
▼ + stars: | 2023-03-11 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +2 min

The share of one-bedroom and studio apartments grew to 57% of new apartments in 2022, up from exactly half of new builds 10 years ago. That's part of why the average size of all apartments has shrunk. Cities where new apartments have gotten smallerNew Yorkers may be the first to tell you how small their living spaces are. Tucson, Arizona, leads, the pack, and its new apartments beats the next city's — Tallahassee, Florida's — growth by over 100 square feet. The average new apartment size grew the most in these 15 cities:How to get the most out of your space

Venture capital firms on both sides of the Atlantic have been urging their portfolio companies to move money out of embattled lender Silicon Valley Bank, deepening fears of a run on the tech-focused bank. Silicon Valley Bank shares plunged 60% Thursday after disclosing that it needed to shore up its capital with a $2.25 billion equity raise from investors including General Atlantic. Pear VC, an early-stage VC firm based in San Francisco, urged its portfolio network to withdraw funds from SVB on Thursday. The wind-down of crypto-centric Silvergate Bank and pressure on Silicon Valley Bank this week reminded some founders of the 2008 financial crisis, in which banks toppled during the mortgage bust. We are seeing other funds encouraging companies to withdraw their funds from SVB.

☆ Bank run fear: SVB plunges again, leading to calls for a bailout
▼ + stars: | 2023-03-10 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

Shares of SVB (SIVB) were halted Friday morning after falling more than 60% in premarket trading. SVB, a relatively unknown bank outside of Silicon Valley, lends to higher-risk tech startups that are struggling as interest rates rise and venture capital money dries up. Essentially dealing with a bank run, SVB told investors it had to sell a portfolio of US Treasuries and $1.75 billion in shares at a loss to cover rapidly declining customer deposits. Widespread contagion fears may have calmed slightly Friday: Although SVB brought down mainstream bank stocks right along with it Thursday, most other bank stocks stabilized. When interest rates were near zero, large banks scooped up Treasuries and bonds.

Search resuls for: "Pinch"

25 mentions found