DIRS.INFO The most relevant business & tech news

☆ Stocks making the biggest moves midday: Allstate, AT&T, IBM, Tesla and more
▼ + stars: | 2022-10-20 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +5 min

AT&T – The telecom giant's stock jumped 7% after the company surpassed earnings and revenue estimates for the recent quarter. AT&T's wireless revenue rose 5.6%. Tesla – Shares of electric automaker Tesla fell 6% Thursday, a day after the company reported third-quarter earnings that fell short of Wall Street's expectations for revenue. Freeport McMoRan – Shares of Freeport McMoRan jumped more than 3% after the mining company reported earnings Thursday. The company reported third-quarter earnings per share of $2.36 versus the StreetAccount estimate of $2.19.

☆ What Cramer is watching Thursday — Tesla slides, IBM surprises, Danaher rolls on
▼ + stars: | 2022-10-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

IBM — A truly good quarter with excellent numbers when it comes to mainframe and hybrid cloud and artificial intelligence. Club holding Danaher (DHR) beat and raise ... no slowdown, all systems go ... company says growth was broad-based across all segments of the company. Company beat top and bottom line estimates as travel demand remains strong. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Stocks making the biggest moves premarket: AT&T, American Airlines, Blackstone and more
▼ + stars: | 2022-10-20 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

The company said wireless revenue rose 5.6%, the best quarterly improvement in more than a decade, and postpaid phone net additions came in higher than expected. American Airlines (AAL) – American Airlines beat top and bottom line estimates for the third quarter as travel demand continued to surge despite economic worries. Blackstone (BX) – Blackstone added 1% in premarket action following better-than-expected quarterly results. Tesla (TSLA) – Tesla slid 5.3% in premarket trading after it reported lower-than-expected quarterly revenue and cut its full-year delivery target. Las Vegas Sands (LVS) – Las Vegas Sands reported a larger-than-expected loss for the third quarter, while revenue beat analyst forecasts.

☆ Analyst discusses aluminum producer Alcoa's third quarter earnings
▼ + stars: | 2022-10-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst discusses aluminum producer Alcoa's third quarter earningsMatthew Miller of CFRA Research says things could get worse in the fourth quarter.

☆ Chinese scientists say they're working on an anti-ship missile that can fly as high as an airliner and dive as deep as a submarine
▼ + stars: | 2022-10-20 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Chinese scientists say they're working on a ultra-fast weapon that is both missile and torpedo. It will fly at supersonic speeds and use supercavitation to reach high underwater speeds, they say. But the Chinese weapon appears to be a missile that turns into a rocket-propelled torpedo once it hits the water. In the 1950s, the US Air Force and Navy examined boron-based jet fuel — "zip fuel" — for aircraft such as the proposed B-70 supersonic bomber. A visitor tours a torpedo room in a submarine that served the Chinese Navy in 1960s at a Navy museum in Qingdao in September 2012.

☆ Russian Nationals Arrested Over Alleged Scheme to Evade U.S. Sanctions
▼ + stars: | 2022-10-19 | by ( Richard Vanderford | ) www.wsj.com time to read: +3 min

Two Russian nationals were arrested for allegedly using their Germany-based company as a front to move black market oil and sensitive equipment with military uses in defiance of U.S. sanctions. Three other Russian nationals and two Venezuelans were also charged in what prosecutors described as a global scheme to evade U.S. sanctions and export controls. The U.S. Treasury Department on Wednesday unveiled sanctions against Mr. Orekhov, NDA and Opus Energy Trading LLC, another Orekhov-linked company. The alleged oil buyers included a Russian aluminum company controlled by a sanctioned oligarch and a Chinese energy conglomerate, neither of which were named by prosecutors. Some of the same electronic components obtained through the scheme were found in Russian weapons platforms seized in Ukraine, prosecutors said.

Some of the electronics obtained through the scheme have been found in Russian weapons platforms seized in Ukraine, prosecutors said. They used a German company to ship the military technologies, as well as Venezuelan oil, to Russian purchasers, prosecutors said. The U.S.-origin technologies can be used in fighter aircraft, ballistic and hypersonic missile systems, smart munitions, and other military applications, Treasury said. After the initial round of U.S. sanctions on PDVSA, Russia's Rosneft emerged as a key intermediary for Venezuelan crude. After Washington sanctioned Rosneft subsidiaries over their dealings with PDVSA, dozens of firms with no track record of oil trading have been intermediating in sales of Venezuelan oil to Chinese buyers.

☆ Stocks making the biggest moves after hours: Tesla, IBM, Alcoa and more
▼ + stars: | 2022-10-19 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Tesla — Shares dropped 3.7% after the electric vehicle maker reported third-quarter revenue that missed analyst expectations. Tesla reported earnings of $1.05 per share, compared with expectations of 99 cents adjusted earnings per share, according to analysts surveyed by Refinitiv. IBM — Shares jumped 3.9% after IBM beat analyst expectations in its third-quarter earnings results and raised its full-year growth outlook. Alcoa reported a loss of 33 cents per share, compared to expectations of a gain of 8 cents per share, according to consensus estimates on FactSet. The company reported revenue of $2.85 billion, compared with expectations of $2.96 billion.

Aluminium ingots are seen outside a warehouse that stores London Metal Exchange stocks in Port Klang Free Zone, outside Kuala Lumpur, March 23, 2015. Another source with direct knowledge said that the aluminium delivered to Gwangyang was produced by Rusal. The sources did not say how much of Rusal's aluminium had been delivered by Glencore to LME warehouses in Gwangyang. Glencore and the London Metal Exchange declined to comment. Stocks of aluminium in LME warehouses jumped 65,825 tonnes to 433,025 tonnes on Friday.

☆ 8 best vacuums to shop in 2022, according to experts
▼ + stars: | 2022-10-18 | by ( Mili Godio | Mili Godio Is An Associate Reporter For Select On Nbc News. | ) www.nbcnews.com time to read: +18 min

Best bagged upright vacuum: KenmoreThis bagged upright vacuum from Kenmore — a Consumer Reports favorite — is pet-friendly thanks to its powerful inducer motor. Canister vacuums also have fewer moving parts than upright vacuums, which means they typically require less maintenance and fewer repairs. However, canister vacuums can often be more difficult to store due to their hose, wand and bulkier base, she said. UprightUpright vacuums are great for homeowners who have large, wide-open spaces, since they are typically easier to maneuver than canister vacuums. He noted that these models are best for people with smaller spaces to clean, since they’re not as powerful as canister vacuums.

The energy crisis that has closed steel mills and aluminum smelters across Europe is now spreading to the continent’s fashion industry. Thousands of small factories and workshops that supply brands such as Gucci and H&M have watched their business models unravel amid the surge in natural-gas and electricity prices following Russia’s invasion of Ukraine and its decision to reduce the flow of gas to the continent. Energy costs for many textile makers have risen from about 5% of production costs to around 25%, slashing their profit margins, according to data from European textiles and apparel trade group Euratex.

☆ The US Navy found water that looked and smelled weird on an aircraft carrier last month, and it still has no idea why
▼ + stars: | 2022-10-18 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The Navy discovered last month that the water on the USS Abraham Lincoln looked and smelled strange. Testing found E. coli in the water, but Navy officials said it was unrelated to the odor and cloudiness. Nearly a month later, the Navy still has no idea what caused issues with the ship's water. Sailors on the aircraft carrier USS Abraham Lincoln first noticed on September 21 that the water they drink and bathe in had an "odor and cloudy appearance." The day after the unusual smell and appearance were detected, testing of the water supply revealed the presence of E. coli bacteria in a few of the ship's water tanks.

The new Google Pixel 7 is faster and more powerful than the Pixel 6, but doesn't add many features. Pixel 6 vs. Pixel 7: CameraBoth the Pixel 6 and Pixel 7 have three cameras: One "selfie" camera in the front, and two on the back. Pixel 6 vs. Pixel 7: Internal hardwareThe Tensor G2 chip is the brain of the Pixel 7. Pixel 6 vs. Pixel 7: BatteryBattery-wise, the Pixel 7's 4,355 mAh battery has less capacity than the Pixel 6, which is rated at 4,614 mAh. Pixel 6 vs. Pixel 7: PriceFollowing the announcement of the Pixel 7 last week, the Pixel 6 and the Pixel 7 were briefly available from Google at the same price point.

☆ Supply chain snarls loosen for U.S. companies, but plenty of problems remain
▼ + stars: | 2022-10-13 | by ( Timothy Aeppel | ) www.reuters.com time to read: +5 min

Some parts of his supply chain have clearly improved, said the vice president of global supply for Graco Inc (GGG.N), the Minneapolis-based maker of fluid handling equipment such as paint sprayers. But the complex nature of global supply chains means that companies like Graco are still struggling, since the shortage of just one part can hobble them. The COVID-19 pandemic set off a crisis in global supply chains, which is showing signs of healing. This suggests falling prices for some goods and services are still far from working their way fully through the economy. The regional bank’s Global Supply Pressure Index tracks data on shipping costs, delivery times, backlogs and other statistics into a single measure compared to historic norms.

☆ New electrification metals ETF gives investors another way to play the energy transition
▼ + stars: | 2022-10-13 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Investors have a new way to bet on the commodities that are critical to a green energy future: The KraneShares Electrification Metals Strategy ETF launched on Thursday. The new fund tracks the Bloomberg Electrification Metals index and buys futures contracts on metals like aluminum, copper, zinc and lithium. The KraneShares fund is not the only ETF on the market that gives investors exposure to these industries. For example, VanEck offers a Green Metals ETF (GMET) as well as a Rare Earth/Strategic Metals (REMX) fund, which hold individual stocks in these industries. There are also some funds available that can hold futures contracts for the underlying metals, such as the United States Copper Index Fund (CPER) or the Invesco DB Base Metals Fund (DBB) .

☆ Biden administration may block Russian aluminum imports
▼ + stars: | 2022-10-13 | by ( ) www.cnbc.com time to read: +2 min

The Biden administration is weighing restricting imports of Russian aluminum as it charts possible responses to Moscow's military escalation in Ukraine, a person briefed on the conversations told Reuters. Rusal , the world's largest aluminum producer outside China, did not immediately reply to a Reuters' request for comment. Russian attacks using more than 100 missiles have killed at least 26 people across Ukraine since Monday, when Russian President Vladimir Putin ordered what he called retaliatory strikes against Ukraine for an explosion on a bridge. Shares of U.S.-based aluminum producer Alcoa Corp were last trading up 5.1% in New York, following the report. Shares of Rio Tinto Plc , which produces aluminum as well as iron ore, copper and other metals, fell about 1% on Wednesday in London.

☆ Wall St ends volatile day lower after Fed minutes, PPI
▼ + stars: | 2022-10-12 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

The September meeting minutes also showed many Fed officials stressed the cost of not doing enough to bring down inflation. read moreThe market bounced around just after the open, with data earlier showing a surprise rise in September producer prices. The Labor Department's producer prices index rose 8.5% in the 12 months through September, slightly higher than an estimated 8.4% rise. The S&P 500 financial index (.SPSY) ended down 0.3%. The S&P 500 posted no new 52-week highs and 78 new lows; the Nasdaq Composite recorded 20 new highs and 433 new lows.

☆ U.S. may block Russian aluminum imports -source
▼ + stars: | 2022-10-12 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +2 min

WASHINGTON, Oct 12 (Reuters) - The Biden administration is weighing restricting imports of Russian aluminum as it charts possible responses to Moscow's military escalation in Ukraine, a person briefed on the conversations told Reuters. Rusal (RUAL.MM), the world's largest aluminum producer outside China, did not immediately reply to a Reuters' request for comment. Russian attacks using more than 100 missiles have killed at least 26 people across Ukraine since Monday, when Russian President Vladimir Putin ordered what he called retaliatory strikes against Ukraine for an explosion on a bridge. Shares of U.S.-based aluminum producer Alcoa Corp (AA.N) were last trading up 5.1% in New York, following the report. Shares of Rio Tinto Plc (RIO.L), which produces aluminum as well as iron ore, copper and other metals, fell about 1% on Wednesday in London.

☆ U.S. considering complete ban on Russian aluminum -Bloomberg
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Oct 12 (Reuters) - The Biden administration is considering a complete ban on Russian aluminum in response to Russia's military escalation in Ukraine, Bloomberg reported on Wednesday. The White House is weighing an outright ban, raising tariffs to levels so punitive they would impose an effective ban, or sanctioning United Co Rusal International PJSC, the company that produces Russia's metal, Bloomberg said, citing unnamed people familiar with the decision-making. The Bloomberg report said the White House had held off sanctioning Russian aluminum at the start of the invasion out of fear it could disrupt global suppliers. There is no movement on this as of now," a White House official said in response to the report. Rusal (RUAL.MM), the world's largest aluminum producer outside China, did not immediately reply to a Reuters' request for comment.

SummarySummary Companies U.S. producer prices rise more than expected in SeptemberFOMC September meet minutes due at 2 p.m. The Labor Department's producer prices index rose 8.5% in the 12 months through September, slightly higher than an estimated 8.4% rise. In the afternoon, investors will scrutinize the Fed's September meeting minutes for more clarity on the central bank's rate hike trajectory. Investors also await the highly-anticipated consumer prices report on Thursday, which is expected to have picked up in September. Declining issues outnumbered advancers for a 1.45-to-1 ratio on the NYSE and advancers for a 1.22-to-1 ratio on the Nasdaq.

☆ Aluminium spikes 7% after report of U.S. ban of Russian supplies
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 12 (Reuters) - Aluminium prices on the London Metal Exchange (LME) soared on Wednesday after Bloomberg reported that the United States was considering a ban on Russian aluminium in response to the conflict in Ukraine. Benchmark aluminium was up 3.3% at $2,309 a tonne at 1612 GMT after briefly spiking 7.3% to $2,400 a tonne. The Biden administration is considering raising tariffs on Russian aluminum to levels so punitive they would effectively ban Russian aluminium producer Rusal, Bloomberg said, citing unnamed people familiar with the decision-making. The LME last week launched a discussion paper on the possibility of banning Russian aluminium, nickel and copper from being traded and stored in its system. Western countries have imposed sanctions on Russian banks and wealthy individuals connected to President Vladimir Putin since Russia's invasion of Ukraine began in February, but so far there are no restrictions on buying Russian metal.

☆ Best Holiday Hosting Deals to Shop During October Prime Day
▼ + stars: | 2022-10-12 | by ( ) www.wsj.com time to read: +6 min

In the past, the 10-piece set has cost up to $1,110, and the current price, $350, is the lowest we’ve seen. The Prime Day price is close to the lowest we’ve seen. If you buy it during the Prime Sale, you’ll save about $100 from its price last week. During Amazon’s Prime sale, you can save big—the appliance, which typically costs $500, is a mere $315. It’s typically priced around $20 and for the Prime sale, only $16.

☆ Microsoft unveils $4,299 Surface desktop computer
▼ + stars: | 2022-10-12 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +4 min

At a press event on Wednesday, Microsoft is set to unveil several Surface Pro tablets, Surface Laptop models and a Surface Studio 2+ desktop computer, the last of which has not been updated in several years. The device also includes an updated display, cameras, microphones and supports a digital pen for on-screen drawing. The Surface Studio 2+ starts at $4,299, and $4,499 with the digital pen. The previous Surface Studio 2, released in 2018, received some criticism for its $3,499 starting price. The Surface Laptop starts at $999 for the 13.5-inch version and $1299 for the 15 inch.

☆ Google is selling its first Pixel Watch with Fitbit technology, but it's too little, too late
▼ + stars: | 2022-10-12 | by ( Sofia Pitt | ) www.cnbc.com time to read: +2 min

It's called Pixel Watch, and consumers can find it on store shelves starting Thursday. The Pixel Watch starts at $350 for Bluetooth and Wi-Fi and $400 for 4G LTE. The new Apple Watch SE is just $250 and has the same main features as the Pixel Watch. Google's Pixel Watch is the company's premium watch, whereas the Apple Watch SE and Galaxy Watch 5 are base models. Here's what you need to know before buying the new Pixel Watch and what I noticed about the Pixel 7 and 7 Pro phones.

Search resuls for: "Aluminum"

25 mentions found