DIRS.INFO The most relevant business & tech news

☆ Intel climbs as Wall St cheers early signs of recovery
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +2 min

TD Cowen analysts said the company "was not out of the woods yet but this was a starting point." Intel's market capitalization is set to rise by nearly $8 billion to more than $130 billion, if premarket gains hold. "We see gross margin pressured for the foreseeable future reflecting aggressive process and new product spend as well as IFS (Intel Foundry Services) investment," Oppenheimer said. Intel posted its biggest quarterly loss in the first quarter as it ramped up production and investments in manufacturing plants. Reporting by Eva Mathews and Aditya Soni in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ Actress Eva Green wins London court case over fee for failed film
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +2 min

LONDON, April 28 (Reuters) - (Please note obscene language in penultimate three paragraphs)Hollywood actress Eva Green on Friday won a legal fight with financiers whom she had sued in London's High Court for her fee for a failed film in which she was to star. Judge Michael Green said in a written ruling that Eva Green was entitled to payment of the $1 million fee. Green, 42, appeared in court in January to say she had become concerned the film's production team had been cutting corners, citing how her stunt training had been reduced from four weeks to five days. White Lantern's lawyers said Green, also an executive producer on the project, had made unreasonable demands about crew, locations and equipment. "I fought tooth and nail to defend the beautiful film that I loved and had signed on for," Green said in a statement.

☆ People Are Not Exactly Interested in Sydney Sweeney and Glen Powell’s New Film
▼ + stars: | 2023-04-28 | by ( Krystie Lee Yandoli | ) www.nytimes.com time to read: +1 min

Rumors of a possible romance between the actors Sydney Sweeney and Glen Powell swirled online this week after a series of seemingly flirtatious moments catapulted them into the spotlight. The public interest in Ms. Sweeney and Mr. Powell may be heightened because they’re both romantically linked to other people. Ms. Sweeney, best known for her roles in “Euphoria” and “White Lotus,” is engaged to Jonathan Davino, a restaurateur, but has rarely publicly discussed her relationship. “I don’t date people in the spotlight,” she told Cosmopolitan last year. Mr. Powell, who starred in “Top Gun: Maverick,” was reported to be dating the model Gigi Paris.

The company's total revenue fell 4.3% to $29.69 billion in the quarter, but beat analysts' average estimate of $29.30 billion, according to Refinitiv data. However, adjusted losses from the ad-reliant platform widened to $704 million from $456 million a year-ago as Comcast continues to invest heavily in content. Theme parks revenue climbed nearly 25%, thanks to a rebound in attendance at its parks overseas and the lifting of COVID curbs in China. Comcast gained 5,000 broadband customers in the March quarter, while Factset had estimated a loss of 20,000 users. Overall, net income attributable to Comcast rose 8% to $3.83 billion in the quarter.

☆ Canada's Rogers beats profit estimates on wireless business strength
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +1 min

April 26 (Reuters) - Rogers Communications Inc (RCIb.TO), reported a better-than-expected quarterly profit on Wednesday, as gains in its wireless business helped offset weakness in its cable TV unit. The telecom giant's wireless revenue grew 10% in the first quarter. Rogers blamed increased competitive promotional activity and a decline in video and home phone revenue for the shortfall. In the three months ended March 31, Rogers added 95,000 monthly bill paying wireless phone subscribers, compared with 193,000 in the previous quarter. The Toronto Blue Jays owner is also seeing its media business recover from the effects of the pandemic.

☆ Canada's Rogers misses quarterly revenue estimates on cable weakness
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +1 min

April 26 (Reuters) - Rogers Communications Inc (RCIb.TO), missed Wall Street estimates for first-quarter revenue on Wednesday, hit by weakness in its cable business and stiff competition. The company added 95,000 monthly bill paying wireless phone subscribers in the quarter, compared with 193,000 in the previous quarter. The company's total revenue rose to C$3.84 billion ($2.82 billion) in the first quarter ended March 31, compared with C$3.62 billion a year earlier. Revenue in Rogers' cable business fell 2% in the quarter. Net income rose to C$511 million, or C$1 per share, from C$392 million, or 77 Canadian cents per share, a year earlier.

☆ Canada's wireless giant Rogers misses quarterly revenue estimates
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: 1 min

April 26 (Reuters) - Rogers Communications Inc (RCIb.TO), missed Wall Street estimates for first-quarter revenue on Wednesday, hit by slower growth in the Canadian telecom giant's wireless and media businesses. The company's total revenue rose to C$3.84 billion ($2.82 billion) in the first quarter ended March 31, compared with C$3.62 billion a year earlier. Analysts were expecting revenue of C$3.93 billion, according to Refinitiv data. ($1 = 1.3628 Canadian dollars)Reporting by Eva Mathews in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

The Citi Premier® Card and Chase Sapphire Preferred® Card are both mid-tier credit cards that offer generous rewards, impressive (and overlapping) transfer partners, and travel perks. Here's a look at how the Citi Premier® and Sapphire Preferred stack up against each other. Compare the Chase Sapphire Preferred and Citi Premier Chase Sapphire Preferred® CardCiti Premier® Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Winner: TieShopping and travel benefitsAs mid-tier cards, the Citi Premier® and Sapphire Preferred offer standard benefits like no foreign transaction fees. Winner: TieTravel and purchase protectionsTravel and purchase protections are essential benefits you should consider when deciding between the Citi Premier® and Sapphire Preferred.

☆ Fox announces new unit to house digital businesses
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +1 min

April 26 (Reuters) - Media company Fox Corp (FOXA.O) on Wednesday said it would house its standalone digital businesses under a new unit, Tubi Media Group, along with its news, sports and entertainment digital platforms. Fox's standalone digital businesses include free, ad-supported streaming platform Tubi, which Fox acquired in 2020; Tubi founder Farhad Massoudi will now step down as its chief executive officer. Paul Cheesbrough, who previously served as technology chief and president of Fox's digital unit, will become the CEO of the new division, the company said. On Monday, Fox News Media and its top-rated host Tucker Carlson agreed to part ways, less than a week after parent Fox settled a defamation lawsuit in which Carlson played a central role, for $787.5 million. Fox said Tubi Media Group will announce the new CEO for Tubi Streaming in the near future.

Compare the Capital One Venture X and Chase Sapphire Preferred Capital One Venture X Rewards Credit CardChase Sapphire Preferred® Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Here's what to know if you're trying to decide between the Venture X Rewards Credit Card and Sapphire Preferred. Transfer PartnersThe Venture X Rewards Credit Card and Sapphire Preferred card earn transferable rewards you can send to various airline and hotel loyalty programs. Travel and Purchase ProtectionsBoth the Venture X Rewards Credit Card and Sapphire Preferred have noteworthy travel insurance and purchase protection. The Venture X Rewards Credit Card is a relatively new entry to the travel rewards space, while the Sapphire Preferred is a tried-and-true classic.

☆ Trump's rape trial brought by E. Jean Carroll starts Tuesday in Manhattan. The case centers around accusations from the 1990s
▼ + stars: | 2023-04-24 | by ( Ashley Collman | ) www.businessinsider.com time to read: +7 min

Carroll has accused Trump of raping her in a Bergdorf Goodman changing room in the mid-1990s. Carroll is asking for Trump to retract his statements and for a jury to award her unspecified compensatory and punitive damages. Carroll says their encounter started off playful, with Trump asking Carroll to help him pick out a gift for a female friend. Eva Deitch for The Washington Post via Getty ImagesTrump's lawyers are likely to try and paint Carroll's lawsuit as a political witch hunt. Trump's lawyers asked to delay the trial a month so that they could probe Hoffman's involvement more, but that request was denied, though Kaplan allowed Trump's legal team to conduct another deposition with Carroll before the trial starts.

☆ The growth fund that dodged the worst of the 2022 bear market by leaning on fundamentals
▼ + stars: | 2023-04-23 | by ( Alex Harring | ) www.cnbc.com time to read: +7 min

The firm's $1.7 billion Large Cap Growth Fund , with some of the biggest technology names among its top holdings, lost 24.3% in 2022. 'Rigor and process' Kantor and Regenbaum have spent years managing the fund by taking a magnifying glass to the inner plumbing of some of the biggest growth stocks. Indeed, Morningstar says the fund's portfolio has a lower price-to-book-value than other large cap growth funds or Morningstar's benchmark index for the group, and faster book value growth. There were "crazy growth companies that went to the moon," Kantor said, "and then unfortunately at some point had to return to Earth." Investors are at an important moment given the Federal Reserve's campaign to rein in inflation by hiking interest rates, and the interest-rate sensitive nature of growth stocks.

☆ Analysis: Rates shift gives European currencies fresh legs
▼ + stars: | 2023-04-19 | by ( Alun John | ) www.reuters.com time to read: +5 min

But markets expect another 75 bps of European Central Bank rate hikes, with the deposit rate rising to a peak in the autumn. Expectations for higher official interest rates typically drag money market and government bond yields higher, attracting investor cash into a country and boosting its currency. "An interest rate differential that is flat between the two regions would be equivalent to a euro/dollar move up to around 1.20." TURNAROUNDThe Federal Reserve's relentless rate hikes sent the dollar to 20-year highs last year as other big central banks moved more slowly. "But interestingly last month has seen the pound stronger, because of limited spillovers and declining U.S. and European rate expectations."

The Dallas-based carrier has blamed the hour-long outage on a vendor-supplied network firewall failure, causing a temporary loss of connection to key systems. Southwest told Reuters on Wednesday it opted to halt flights out of caution, adding there were no indications of a cyber attack. It declined to identify the vendor and did not address why this failure was not part of the company's planning. While the exact cause is not clear, some industry experts questioned why Southwest systems did not include more redundancy. Southwest was able to manually launch flights while SWIFT was down but decided to suspend departures at 8:27 a.m. CST.

☆ Thousands of Czechs turn out for anti-government protest
▼ + stars: | 2023-04-16 | by ( ) www.reuters.com time to read: +2 min

[1/5] Demonstrators take part in an anti-government protest rally in Prague, Czech Republic, April 16, 2023. REUTERS/Eva KorinkovaPRAGUE, April 16 (Reuters) - Thousands of Czechs demonstrated in Prague's central square on Sunday, calling on the government to quit as they protested over high inflation and energy prices. Police did not give estimates of the size of the protest, named "Czechia against poverty". The Czech Republic, like other countries in Europe, has been hit by rising inflation that has soared into double digits in the past year and high energy prices that are cutting into household budgets. Reporting by Eva Korinkova, writing by Jason Hovet; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

☆ Swiss parliament seeks elusive compromise over Credit Suisse rescue
▼ + stars: | 2023-04-12 | by ( Noele Illien | ) www.reuters.com time to read: +3 min

While the upper house approved the government's 109 billion Swiss franc ($120.82 billion) contribution to the rescue package, parliament's lower, and larger chamber, later rejected it. Seeking a compromise, the upper house passed changes to the measure on Wednesday morning, which the lower house will vote on later in the day. As they returned on Wednesday, the upper house passed changes, which include a proposal for Switzerland's federal government to draft an amendment to the country's Banking Act. Its aim would be to reduce the risks posed by systemically relevant banks, such as Credit Suisse and UBS for Switzerland, by, for example, raising capital requirements and restricting bonuses. A shotgun marriage which saw Credit Suisse taken over by rival UBS (UBSG.S) for 3 billion Swiss francs and propped up with more than 250 billion Swiss francs in guarantees and support has drawn widespread criticism.

The lower house retrospectively rejected the rescue near midnight, with heated debates continuing into the early hours of Wednesday morning as members discussed other measures related to Credit Suisse. Earlier on Tuesday, Switzerland's upper house had approved the rescue, meaning the two chambers of the legislative body will vote again on Wednesday. A poll of Swiss economists found that nearly half thought the takeover of Credit Suisse by UBS was not the best solution, warning the saga had dented Switzerland's reputation. Politicians also questioned why the Swiss financial regulator was unable to prevent Credit Suisse's failure. There are also growing worries about jobs and in an open letter to parliament, the Swiss Bank Employees' Association said that Credit Suisse and UBS must freeze any cuts.

Some of the very best Citi credit cards earn ThankYou Rewards, including the popular Citi Premier® Card and no-annual-fee options like the Citi® Double Cash Card, Citi Rewards+® Card , and Citi Custom Cash℠ Card. If you're thinking of applying for one of the best credit cards like the Citi Premier® Card, Citi Custom Cash℠ Card, or Citi® Double Cash Card, keep reading to learn more about how you can put your Citi credit card rewards to work for you. How to earn Citi ThankYou pointsThe easiest way to rack up Citi ThankYou points is with a Citi credit card, which you can easily apply for online. Show more Regular Annual Percentage Rate (APR) 18.74% - 28.74% Variable Intro Annual Percentage Rate (APR) 0% intro APR on balance transfers for 18 months Editor's Rating 3.65 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 3.65 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. There's one non-airline Citi ThankYou transfer partner available to all cardholders — you can transfer your Citi ThankYou points to Sears Shop Your Way points at a rate of 1:10.

SummarySummary Companies Swiss upper house approved Credit Suisse rescueFrustration in Switzerland over use of state fundsLawmakers have protested, but cannot overturn dealBERN, April 11 (Reuters) - Switzerland's upper house of parliament voted on Tuesday after a heated debate to approve retrospectively the 109 billion Swiss francs ($120.5 billion) in financial guarantees used to rescue Credit Suisse (CSGN.S) last month. But 29 of Switzerland's 46-member Council of States upper house approved the measure. "The use of emergency law has reached a level in the last three years that is beginning to annoy me," Hansjoerg Knecht, a member of Parliament's upper house, said. Politicians also questioned why the Swiss financial regulator was unable to prevent Credit Suisse's failure. Eva Herzog asked during a speech to the upper house.

☆ Central Europe's policymakers double down on hawkish message
▼ + stars: | 2023-04-07 | by ( Jan Lopatka | ) www.reuters.com time to read: +5 min

As central Europe's central banks were faster than their major peers to hike rates, they had also been expected to lead the way in easing. That message was underlined on Thursday when February data showed industrial wage growth in the double digits. "We do not expect a rate hike," it said after the Czech policy meeting last week. CEE inflation pushing past a peakThe Polish central bank also struck somewhat hawkish tones at its news conference on Thursday after holding rates steady. Romania's central bank left rates unchanged on Tuesday and said inflation may come down faster than previously thought.

☆ U.S., European Police Shut Down Hacker Marketplace, Make 119 Arrests
▼ + stars: | 2023-04-05 | by ( Kim S. Nash | ) www.wsj.com time to read: +4 min

The international action conducted Tuesday and Wednesday against Genesis Market, one of the largest so-called initial access brokers in the world, resulted in 119 arrests. The dismantling of Genesis Market follows the arrest last month of a man U.S. prosecutors say ran BreachForums, a site for buying and selling stolen data. Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. The Treasury Department on Wednesday sanctioned Genesis Market, a so-called initial access broker in operation since 2018. Genesis Market data was provided to the website Have I Been Pwned, so individuals can check whether their credentials have been compromised.

☆ I did the Disney College Program 4 times and had years of free access to the parks. Here's how I got in.
▼ + stars: | 2023-04-05 | by ( Jamie Killin | ) www.businessinsider.com time to read: +5 min

Keller participated in the Disney College program four times, working at the parks as a student. When I was 12 years old, I learned about the Disney College Program. When I got older, I learned that travel and tourism was a college degree programI went that route for my bachelor's and master's degrees while in the Disney College Program. I was there until the following August, then went back to Florida to do the Disney College Program again while I started graduate school. I had to apply for the Disney College Program each time, so I learned the process wellThe college program application just requests super basic information from you — it's not one of those long, 100-question type things.

☆ Here's who qualifies for the home office deduction this year, tax pros say
▼ + stars: | 2023-04-04 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Eva-katalin | E+ | Getty ImagesIf you're one of the millions of Americans who worked remotely — fully or partially — in 2022, you may be wondering about the home office deduction on your taxes. However, many of those workers can't claim the home office deduction, said Brad Sprong, national tax leader of KPMG Private Enterprise. You won't qualify for the home office deduction with Form W-2 income. And the IRS expects it to be the principal place for your business, used regularly. Calculate the home office deductionThere are two ways to calculate the home office deduction: the "simplified option" and the "regular method," according to the IRS.

☆ PDD Holdings names Jiazhen Zhao co-CEO
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +1 min

April 4 (Reuters) - PDD Holdings Inc (PDD.O), which owns discount e-commerce platforms Pinduoduo and Temu, on Tuesday named Jiazhen Zhao as co-chief executive officer of the company, effective immediately. Zhao, who is one of the founding members of PDD and has served as senior vice president since 2018, joins CEO Chen Lei to steer the company as it grapples with tepid consumer demand as China's post-reopening recovery remains patchy. "In the future, Jiazhen will concentrate more on supply chain management and China operations, while my focus will be more on globalization efforts," Lei said in a statement. Zhao was behind PDD's Duo Duo Grocery business and led the operations of some product categories in the Pinduoduo platform, including agriculture. Reporting by Eva Mathews in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla shares slip as margin worries overshadow record deliveries
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +2 min

April 3 (Reuters) - Tesla Inc (TSLA.O) shares fell 5% on Monday, dragged down by growing worries about the electric-vehicle maker's profit margins after aggressive price cuts led to only a modest increase in quarterly deliveries. After slashing prices on its vehicles by as much as 20% in January, Tesla posted record deliveries of 422,875 vehicles in the first quarter but they were up just 4% on the prior quarter. Bernstein analysts said Tesla "will need to further lower prices this year and/or next year to achieve its volume targets, incrementally pressuring margins." "We maintain that price cuts have and will undermine industry profitability (including Tesla's), but that incumbents are deep pocketed and not likely to back down," they added. Tesla shares were trading at $197, having gained 9% last week in the run-up to the deliveries report.

Search resuls for: "Eva"

25 mentions found