DIRS.INFO The most relevant business & tech news

☆ Video captures a Russian Su-35 fighter jet harassing and breaking a US Reaper drone by popping flares above it
▼ + stars: | 2023-07-25 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

A Russian fighter jet flew "dangerously close" to a US military drone over Syria, the Air Force said. The Su-35 harassed the MQ-9 Reaper drone by releasing flares in its path, damaging the propeller. It's the latest incident of aggressive Russian aircraft maneuvers over the Middle East. More recently, the Air Force said in mid-July that a Russian aircraft engaged a US MC-12 surveillance plane "in an unsafe and unprofessional manner." The recent engagement is also not the first time that Russian aircraft harassment resulted in damage to a Reaper drone's propeller.

Persons: Alexus Grynkewich, Assad, Sabrina Singh, Michael Kurilla Organizations: Air Force, Service, US Air, US, Islamic, ISIS, US Air Forces Central Command, Russian, US Air Force, Pentagon, US Central Command Locations: Russian, Syria, Wall, Silicon, Islamic State, Washington, Moscow, Russia

☆ Who is Ken, really? The history of the world’s most misunderstood doll
▼ + stars: | 2023-07-22 | by ( Scottie Andrew | ) edition.cnn.com time to read: +13 min

March 11, 1961: When Ken met BarbieThis original Ken doll from 1961 was supposed to be so handsome and magnetic that Barbie fell instantly in love. 1970s -1990s: Ken tries to be trendyEven with an ever-fashionable companion like Barbie, Ken could never quite crack it when it came to personal style, though he certainly tried. Mod Hair Ken: A quintessentially ‘70s doll with a massive mop of hair, extra-long sideburns and bonus facial hair made for mixing and matching. Totally Hair Ken: It looks how it sounds — this ’90s Ken came with a long, unkempt mane, real hair gel and a small comb his owners could use to style him however they wanted. Mattel introduced a “new and improved” Ken doll almost two years to the day after his break-up with Barbie.

Persons: CNN — “ Barbie, Ken, Barbie, He’s, cinephiles, “ Barbie, Kenneth Carson, Ryan Gosling, Ruth Handler, ”, They’d, Ken wasn’t, diehard Barbie, ” M.G, Yvonne Hemsey, “ hipper, Dan Savage, ” Savage, Mattel, Savage, they’d, —, Russell Arons, Barbie “, ” Arons, Barbie – Blaine, Phillip Bloch, Bloch, Matthew McConaughey, Orlando Bloom, “ Ken, ” Bloch, Woody, Buzz Lightyear, Michael Keaton, hadn’t, “, Valentine’s, Ryan Gosling cheesing, Gosling, Greta Gerwig, Robbie, Kenergy ”, ” Gosling, Ken’s, he’s, Jimmy Fallon, I’m, Ken —, Barbie ” Organizations: CNN, Warner Bros, Discovery, Mattel, New, Historical Society, New York Times, Pixar, ascot, Valentine’s, ” CNN, Facebook, Venice Locations: Barbie’s, Willows , Wisconsin, Cali, Europe, New York, Los Angeles

☆ A 31-year market vet warns stocks face at least 23% downside with inflation still too high, a recession looming, and a narrow group of companies driving the current rally
▼ + stars: | 2023-07-22 | by ( William Edwards | ) www.businessinsider.com time to read: +7 min

Manufacturing data, inflation data, market breadth, and high rates are warning signals, he says. Bullandbearprofits.comShort-term Treasury rates remaining elevated prove the Fed is going to continue raising rates, Wolfenbarger said. The ISM PMI Manufacturing Index is currently at 46, and readings below 50 mean the economy is contracting. Bullandbearprofits.comAll of this amounts to a bearish outlook for stocks, Wolfenbarger believes. Some in the market are growing fatigued of the recession forecasts as the market surges back toward all-time-highs.

Persons: Jon Wolfenbarger, Wolfenbarger, Wolfenbarger —, Merril Lynch, Piper, Michael Kantrowitz, Kantrowitz, Morgan Stanley, Mike Wilson, Wilson, Morgan Stanley Wilson, there's Organizations: Federal, JPMorgan, Bull, CPI, Cleveland Fed, University of Michigan, PMI

☆ Russia built fake trenches along the front lines to lure Ukrainian soldiers into deadly explosive traps, researchers found
▼ + stars: | 2023-07-21 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +6 min

Among them are fake trenches designed to lure Ukrainians into a death trap, researchers found on a recent Ukraine trip. And while many of the trenches are actual Russian combat positions, others have been traps, researchers learned from front-line Ukrainian forces. They have mine trenches," Kofman said, explaining that they attempt to "lure Ukrainian forces into trenches that have been mined" with remote-activated mines "and then blow up the mines." The possibility that the trench Ukrainian infantry are rushing into might be an explosive trap makes things immensely more difficult. Hendrickson said they have come across extremely complex minefields in which anti-tank mines are protected by anti-personnel mines and other explosives surrounded by booby traps.

Persons: we've, Michael Kofman, Kofman, Laurent van der, Ryan Hendrickson, Hendrickson, Franz, Stefan Gady Organizations: Service, Center for Naval, 81st Airmobile Battalion, Le Monde, US Army Special Forces Engineer, Toronto Television, Paratroopers, Center for New American Security, Ukrainian Locations: Russia, Ukraine, Ukrainian, Wall, Silicon, Seversk, Russian, Afghanistan

☆ Here's what Jim Cramer thinks about J&J stock after a pivotal talc case verdict
▼ + stars: | 2023-07-21 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

But on Tuesday, J & J was ordered to pay $18.8 million after jurors found in favor of 24-year-old Emory Hernandez Valadez who claimed in his lawsuit that he developed mesothelioma, a deadly cancer linked to asbestos, from exposure to J & J talc products. J & J has said that over 60,000 claimants support its latest $8.9 billion settlement to be paid out over 25 years. Johnson & Johnson issued an official statement following the verdict in favor of Valdez, intending to appeal. Even so, J & J got a few of price target increases on Wall Street on Friday. The higher growth pharmaceuticals and medical technology businesses are remaining as the new J & J.

Persons: Johnson, J's, Jim Cramer, Jim, J, Emory Hernandez Valadez, we're, there's, Moshe Maimon, Levy, Maimon, Michael Kaplan, Kaplan, Erik Haas, Thursday's, Haas, Jim Cramer's, Justin Sullivan Organizations: Johnson, LTL Management, J, Credit Suisse, AAA, CNBC, & ' $, & $ Locations: California, American, Levy Konigsberg, Valdez, Stifel, Kenvue, San Anselmo , California

☆ Watch CNBC's full interview with Michael Kantrowitz, Kathryn Rooney Vera and Gene Munster
▼ + stars: | 2023-07-21 | 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 EmailWatch CNBC's full interview with Michael Kantrowitz, Kathryn Rooney Vera and Gene MunsterMichael Kantrowitz, Piper Sandler, Kathryn Rooney Vera, StoneX, and Gene Munster, Deepwater, join 'Last Call' to talk the ongoing market rally and what could derail it.

Persons: Michael Kantrowitz, Kathryn Rooney Vera, Gene Munster Michael Kantrowitz, Piper Sandler, StoneX, Gene Munster

☆ Now is the time to rotate out of overextended growth stocks, says StoneX's Kathryn Rooney Vera
▼ + stars: | 2023-07-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNow is the time to rotate out of overextended growth stocks, says StoneX's Kathryn Rooney VeraMichael Kantrowitz, Piper Sandler, Kathryn Rooney Vera, StoneX, and Gene Munster, Deepwater, join 'Last Call' to talk the ongoing market rally and what could derail it.

Persons: StoneX's Kathryn Rooney Vera Michael Kantrowitz, Piper Sandler, Kathryn Rooney Vera, StoneX, Gene Munster

☆ MLB roundup: O's pass Rays for division lead with 10-inning win
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +7 min

Felix Bautista (5-1) pitched scoreless ball in the ninth and 10th innings for Baltimore, which won for the 10th time in 12 games. Yandy Diaz hit a two-run double that tied the game 3-3 for the Rays but he struck out three times. Abbott (5-2), the first Cincinnati pitcher to work eight innings this season, retired the final 12 batters he faced. Lorenzen's streak now stands at 23 2/3 scoreless innings dating to June 30. Kopech, who picked up his first win in eight starts, walked four and struck out five in 5 2/3 innings.

Persons: Colton Cowser, Tommy Gilligan, Colton Cowser's, Aaron Hicks, Rutschman, Ryan O'Hearn, Felix Bautista, Adam Frazier's, Hicks, Robert Stephenson, Luke Raley, Bautista, Randy Arozarena, Brandon Lowe, Yandy Diaz, Andrew Abbott, Abbott, Luke Maile, Will Benson, Wilmer Flores, Alex Cobb, Austin Riley, Matt Olson, Kirby Yates, Miguel Castro, Zac Gallen, Orlando Arcia, Gallen, Atlanta's Spencer Strider, George Kirby, Teoscar Hernandez, Mike Ford, Kirby, Pablo Lopez, Christian Yelich, Corbin Burnes, Yelich, Taijuan Walker, Michael Lorenzen, Nick Maton, Akil Baddoo, Zack Greinke, hasn't, Andy Ibanez, Eric Haase, Ibanez, Chris Bassitt, Vladimir Guerrero Jr, Alejandro Kirk, Bassitt, Jordan Romano, Xander Bogaerts, Blake Snell, Elvis Andrus, Michael Kopech, Omar Narvaez, Kopech, Jose Quintana Organizations: Baltimore Orioles, Los Angeles Dodgers, Oriole, Camden Yards, Tampa Bay Rays, Orioles, American League East, Baltimore, Rays, Reds, Giants, Cincinnati, San Francisco, Braves, Diamondbacks, Atlanta, Mariners, Seattle, Minnesota, Twins, Brewers, Phillies, Philadelphia, National League, Tigers, Royals, Kansas City, Blue Jays, Padres, Toronto, Diego, White Sox, Mets, Chicago, New York . White Sox, Thomson Locations: Baltimore , Maryland, USA, St . Petersburg, Fla, Tampa Bay, Cincinnati, San Francisco, Arizona, Milwaukee, Detroit, San Diego, New York

☆ Barack Obama shares his summer playlist including songs by Tupac Shakur and Tina Turner
▼ + stars: | 2023-07-20 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Former President Barack Obama is staying cool this summer with a summer playlist of 40-plus songs that showcase his eclectic tastes. There are also some repeat artists on the list that Obama was listening to in the summer of 2021 – including the Rolling Stones, Stevie Wonder, SZA, Michael Kiwanuka and Bob Dylan – who show up here with different songs. Obama’s 2023 summer list includes country singer Luke Combs’s cover of Tracy Chapman’s 1988 classic “Fast Car,” which recently reached No. 1 on Billboard’s Country Airplay chart, making Chapman the first Black woman to top that chart in its 33-year existence. Obama traditionally releases these wide-ranging playlists for the summer, holidays and even for some workout motivation.

Persons: Barack Obama, ” Obama, Tina, Ike Turner’s, ”, 2Pac, Dre, Roger Troutman, Obama’s, Marvin Gaye, Otis Redding, Dr, Feelgood, Aretha Franklin, Nicki Minaj’s, Diana ”, Rauw Alejandro, Rosalía, Obama, Stevie Wonder, Michael Kiwanuka, Bob Dylan –, Luke Combs’s, Tracy Chapman’s, Chapman, “, Jorja Smith, Ashley McBryde, Pearl Jam Organizations: CNN, Twitter, Spice, Pearl Locations: California, United States

HONG KONG, July 20 (Reuters) - Hong Kong national security police on Thursday questioned the brother of exiled former lawmaker Dennis Kwok, media reported, weeks after police issued an arrest warrant and a HK$1 million bounty for the pro-democracy politician. Police on July 3 issued arrest warrants for eight overseas-based activists for national security offences, including foreign collusion and incitement to secession, and posted bounties for information leading to their arrest. Among the eight is Dennis Kwok, a former pro-democracy member of Hong Kong's legislature now based in the United States. Hong Kong returned to Chinese rule in 1997 under a "one country, two systems" formula meant to guarantee its freedoms for 50 years. In 2020, after months of protests, China imposed a national security law on the financial hub criminalising offences like subversion with up to life imprisonment.

Persons: Dennis Kwok, Michael Kwok, Hong Kong, Christopher Mung, Nathan Law, Jessie Pang, Tyrone Siu, James Pomfret, Robert Birsel Organizations: police, HK, Police, United States . Media, Reuters, Thomson Locations: HONG KONG, Hong Kong, British, Hong Kong's, United States, Kowloon, Hong, Beijing, China

☆ New York’s Moldiest Neighborhoods
▼ + stars: | 2023-07-20 | by ( Michael Kolomatsky | ) www.nytimes.com time to read: +1 min

A recent study by RentHop may help New York City renters avoid neighborhoods where mold runs rampant. Overall, mold complaints from New York renters rose to 27,164 in 2022, up from 23,056 in 2017. But as renters returned in 2021, so did mold complaints. In the aftermath of Hurricane Ida, September 2021 had the most mold complaints of all the months counted. According to Renthop, New York City’s humidity and warmer temperatures in past years contributed to the growth of mold.

Persons: RentHop, Hurricane Ida, Renthop Organizations: World Health Organization Locations: New York City, New York, Hurricane, Renthop , New York

☆ Wesleyan University ends legacy admissions after Supreme Court decision on affirmative action
▼ + stars: | 2023-07-20 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

More Americans disagree with legacy admissionsToday, fewer Americans agree with legacy admissions. "This preferential treatment overwhelmingly goes to white applicants and harms efforts to diversify color," added Michael Kippins, litigation fellow at Lawyers for Civil Rights. The NAACP called on more than 1,600 U.S. public and private colleges and universities to commit to increasing the representation of historically underrepresented students and end the practice of legacy admissions. The reality is we've reached a pretty good consensus on the use of identity in college admissions. Legacy admissions 'could be deemed unconstitutional'Since the practice of legacy admissions has indirect racial implications, these challenges may have legal merit, according to Jeanine Conley Daves, an attorney at New York-based firm Littler.

Persons: Wesleyan University Joanne Rathe, Ivan Espinoza, Madrigal, Michael Kippins, Ivory Toldson, Alvin Tillery, Don Harris, Harris, John Roberts, Jeanine Conley Daves Organizations: Wesleyan University, Boston Globe, Harvard University, Civil Rights, Pew Research, Harvard, NAACP, Northwestern University's Center, Diversity, Diversity and Democracy, Supreme, Temple University School of Law Locations: Massachusetts, New York

The jury ruled in favor of Emory Hernandez Valadez, who filed suit last year in California state court in Oakland against J&J, seeking monetary damages. The six-week trial was the first over talc that New Brunswick, New Jersey-based J&J has faced in almost two years. Hernandez will not be able to collect the judgment in the foreseeable future, thanks to a bankruptcy court order freezing most litigation over J&J's talc. Jurors heard from Hernandez's mother, Anna Camacho, who said she used large amounts of J&J's baby powder on her son when he was a baby and through childhood. Tens of thousands of plaintiffs have sued, alleging that J&J's baby powder and other talc products sometimes contained asbestos and caused ovarian cancer and mesothelioma.

Persons: Johnson, Emory Hernandez Valadez, Hernandez, Erik Haas, Anna Camacho, Michael Kaplan, LTL, J, Brendan Pierson, Will Dunham, Sandra Maler Organizations: Johnson, J, Reuters, View, LTL Management, LTL's, Thomson Locations: California, Oakland, Brunswick , New Jersey, Trenton , New Jersey, New York

☆ Sheryl Crow responds to Jason Aldean's song controversy
▼ + stars: | 2023-07-19 | by ( Marianne Garvey | ) edition.cnn.com time to read: +2 min

CNN —Sheryl Crow has shared her thoughts on Jason Aldean’s controversial song, “Try That in a Small Town.”Aldean’s single, which was released in May, stirred new controversy when the music video debuted on July 14. “Got a gun that my granddad gave me / They say one day they’re gonna round up / Well, that s— might fly in the city, good luck/Try that in a small town,” Aldean sings in the song. “@Jason_Aldean I’m from a small town. “You should know that better than anyone having survived a mass shooting. “Try That in a Small Town,” produced by longtime Aldean collaborator Michael Knox, was written by Kurt Allison, Kelley Lovelace, Neil Thrasher and Tully Kennedy.

Persons: Sheryl Crow, Jason Aldean’s, ”, Aldean, “, ” Aldean, Crow, ” Crow, Michael Knox, Kurt Allison, Kelley Lovelace, Neil Thrasher, Tully Kennedy Organizations: CNN, Harvest Locations: Kennett , Missouri, Macon , Georgia, Las Vegas, Nashville, Tennessee

☆ A terminally-ill man won $18 million in a lawsuit after saying he got cancer from Johnson & Johnson's baby powder, but a bankruptcy court order means he likely won't live long enough to see the money
▼ + stars: | 2023-07-19 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Johnson & Johnson was ordered to pay $18 million to a man who said he got cancer from baby powder. But these cases are on hold after LTL Management, a subsidiary of Johnson & Johnson, filed for bankruptcy in April. The six-week trial for Valdez's case was the exception, and is the first in two years involving these allegations against Johnson & Johnson. Johnson & Johnson stopped selling talc-based baby powder in 2020, offering a cornstarch-based version instead. Lawyers for Valadez and Johnson & Johnson did not immediately respond to requests for comment sent outside regular business hours.

Persons: Johnson, Anthony Hernandez Valadez's, he's, Anthony, Emory, Hernandez Valadez, Michael Kaplan, Valadez, Joe Satterley, Satterley, Erik Haas, who've, Johnson's Haas, LTL Organizations: Service, Johnson, LTL Management, Valadez Locations: Wall, Silicon, California, Johnson, New Jersey

☆ There’s Nothing Itsy About This Bitsy
▼ + stars: | 2023-07-18 | by ( Christopher Barnard | ) www.nytimes.com time to read: +2 min

Michael kept saying, “One of these days.”A couple years later, Bitsy was born, along with Nathan Lane’s character. Like Bitsy, you lost your husband, so the conversation with Carrie about grief at the salon presumably came from something of a real place. He also wanted Bitsy to be a little more than just a funny lady wearing fun clothes, skipping in and out of the girls’ lives. Then, a few scenes later, Bitsy sends Carrie the penis picture while Gloria Steinem is speaking. I’m telling you, there would be a lot fewer wars in the world if people were more sexually satisfied.

Persons: Michael Patrick King, Charles Busch, Cynthia Nixon, Michael, “ I’m, ”, Marianne Williamson, Bitsy, Nathan Lane’s, Carrie, Carrie —, Gloria Steinem, She’s, “, Julie Organizations: Theatre

☆ Putin’s ruthless power play may not preclude a revival of Ukraine grain deal
▼ + stars: | 2023-07-18 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

Guterres said that he’d sent Russia proposals to keep the grain deal alive but that he was “deeply disappointed” that his efforts went unheeded. The UN chief’s comments reinforced a view that, for now, Russia sees a point of leverage in refusing to renew the Black Sea grain deal. Erdogan won prestige and the gratitude of his fellow NATO leaders and developing nations for brokering the original grain deal. So it may risk damaging its own priorities by triggering widespread food shortages, especially since much of Ukraine’s grain is used in World Food Programs to alleviate famine in Africa. While the end of the grain deal would cause significant global hardship, its worst effects may be weeks away – so there could be time for diplomacy to work.

Persons: Vladimir Putin, Joe Biden, Putin, Volodymyr Zelensky’s, Antony Blinken, it’s, ”, There’s, Dmitry Peskov, General António Guterres, Guterres, he’d, “, autocrats — Putin, Recep Tayyip Erdogan, Erdogan, cannily, He’d, Michael Kimmage, ” Kimmage, Kimmage, “ That’s, ” John Kirby, Nicolay Gorbachov, Isa Soares Organizations: CNN, United Nations, NATO, Kremlin, UN, Putin, State Department, Catholic University of America, National Security Council, Ukrainian Grain Association, CNN International Locations: Ukraine, Africa, United States, Crimean, Russian, Turkey, Russia, West, Eurasia, Moscow, Turkish, Europe, Washington

☆ Johnson & Johnson must pay $18.8 million to California cancer patient in baby powder suit
▼ + stars: | 2023-07-18 | by ( ) edition.cnn.com time to read: +4 min

Johnson & Johnson must pay $18.8 million to a California man who said he developed cancer from exposure to its baby powder, a jury decided on Tuesday, a setback for the company as it seeks to settle thousands of similar cases over its talc-based products in US bankruptcy court. The six-week trial was the first over talc that New Brunswick, New Jersey-based J&J has faced in almost two years. Hernandez will not be able to collect the judgment in the foreseeable future, thanks to a bankruptcy court order freezing most litigation over J&J’s talc. Jurors heard from Hernandez’s mother, Anna Camacho, who said she used large amounts of J&J’s baby powder on her son when he was a baby and through childhood. Tens of thousands of plaintiffs have sued, alleging that J&J’s baby powder and other talc products sometimes contained asbestos and caused ovarian cancer and mesothelioma.

Persons: Johnson, Emory Hernandez Valadez, Hernandez, Erik Haas, ”, Anna Camacho, Michael Kaplan, LTL, J Organizations: J, Reuters, View, LTL Management, LTL’s Locations: California, Oakland, Brunswick , New Jersey, Trenton , New Jersey

☆ I'm a CEO who wakes up at 3:45 a.m. without an alarm clock. These 11 sleep hacks helped me become a better leader.
▼ + stars: | 2023-07-16 | by ( Robin Madell | ) www.businessinsider.com time to read: +8 min

Now he typically wakes up around 3:45 a.m. well rested and without an alarm clock, he said. Ice baths help lower my core body temperature and also urge the release of melatonin, which is a hormone that helps us fall asleep quickly and remain asleep until we've completed all sleeping cycles. If I'm in a hotel, I'll unplug the coffee maker, TV, and the clock to create that dark environment. I solely focus on the optimization of sleep, not the lengthThe perfect night of sleep is two hours of REM and two hours of deep sleep. I can wear it on my finger, and it shows me the exact data I need to know about my REM, my deep sleep, my light sleep, and also my heart rate,.

Persons: Michael Koch, Koch, It's, I've, I'm, we've, trow, It's noninvasive Organizations: Service Locations: Wall, Silicon, New York City, Europe

☆ The bond and stock markets might finally agree on Fed expectations
▼ + stars: | 2023-07-16 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

CNN —The bond and stock markets are finally seeing eye to eye when it comes to the Federal Reserve. Stocks and the 10-year Treasury’s real yield have begun moving inversely again, according to a research note from Morgan Stanley. That’s a reversal from earlier this year, when yields and stocks both moved higher. A concurrent rally both in bond yields and stocks is atypical. The Consumer Price Index report for June showed that annual inflation slowed to 3%, marking its lowest rate since March 2021.

Persons: Morgan Stanley, George Cipolloni, they’re, ”, Price, Michael Kushma, We’re, Laura He, Read, Goldman Sachs Organizations: CNN Business, Bell, CNN, Federal Reserve, Stocks, Valley Bank, Signature Bank, Penn Mutual Asset Management, Nasdaq, Cyberspace Administration, Financial Services, Bank of America, US Bancorp, Ally, American Express Locations: China

Suzanne KapnerSuzanne Kapner writes about the retail industry for The Wall Street Journal from New York. She won a 2017 Society for Advancing Business Editing and Writing, or Sabew, award for her coverage of the retail industry in crisis, including a series of stories about the downfall of Sears. She was part of a team that won a 2021 Sabew honorable mention for stories detailing fashion’s new China problem. Suzanne joined the Journal in 2011 to cover Citigroup. She has written about finance and retailing at various publications, including the New York Times and Fortune magazine, during her more than three decades in journalism.

Persons: Suzanne Kapner Suzanne Kapner, Neiman Marcus, Michael Kors, Ralph Lauren, Suzanne Organizations: Wall, JCPenney, Abercrombie, Fitch, Sears, Citigroup, New York Times, Fortune, Syracuse University Locations: New York, China

☆ A top Wall Street strategist says the stock-market rally is due for a reversal as a bubble forms — and warns investors not to equate surging prices with a healthy underlying economy
▼ + stars: | 2023-07-15 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Plus, falling inflation means weaker pricing power, and therefore weaker revenue growth, Kantrowitz said. If you look at long-term earnings growth, we're sitting near record-low levels. Long-term growth expectations, shown in gray, are near all-time lows. The PEG ratio takes into account longer-term future earnings, as opposed to the more present-based price-to-earnings ratio. He added: "For all intents and purposes, the PEG ratio has never been higher in a normalized backdrop."

Persons: Piper Sandler's Michael Kantrowitz, Michael Kantrowitz, Piper Sandler, Kantrowitz, David Rosenberg, Rosenberg, downturns, Albert Edwards, Edwards, I'm Organizations: PMI, Treasury, Generale

☆ Turkey’s Double Dealing in the Ukraine War
▼ + stars: | 2023-07-13 | by ( Michael Kimmage | Hanna Notte | ) www.wsj.com time to read: 1 min

Ukraine’s President Volodymyr Zelensky (left) with Turkish President Recep Tayyip Erdogan after their meeting in Istanbul on July 7. Photo: Tolga Bozoglu/Zuma PressAt the last minute, Turkey gave a gift to NATO, whose members gathered in Vilnius this week for a much-anticipated summit. It dropped its objections to Sweden’s entry into the alliance, confirming NATO’s transformation after Russia’s 2022 invasion of Ukraine. Not only have NATO member states given a remarkable amount of military aid to Ukraine. The alliance itself has grown to include Finland and will soon include Sweden, two affluent democracies that will strengthen NATO.

Persons: Volodymyr Zelensky, Recep Tayyip Erdogan, Tolga Bozoglu Organizations: Zuma Press, NATO Locations: Istanbul, Turkey, Vilnius, Ukraine, Finland, Sweden

☆ FTC chair defends tenure as lawmakers battle over consumer agency's impact
▼ + stars: | 2023-07-13 | by ( Diane Bartz | David Shepardson | ) www.reuters.com time to read: +3 min

Representative Kevin Kiley, Republican from California, asked Khan about the cases that the agency had lost. “We fight hard when we believe there was a law violation, and unfortunately things don’t always go our way,” responded Khan. The agency also lost a fight to stop Facebook parent Meta Platforms from buying VR content maker Within Unlimited. Democrats on the committee sought to defend Khan, occasionally joined by Republicans on the panel including Rep. Ken Buck. Rep. Scott Fitzgerald, a Republican, however, worried about investors in small businesses losing their exit strategies.

Persons: Lina Khan, Lina M, Khan, Bill Nelson, Graeme Jennings, Activision Blizzard, Kevin Kiley, “, don’t, ”, ” Kiley, ” Khan, Darrell Issa, Trump, Ken Buck, Michael Kikukawa, Scott Fitzgerald, “ you’re, you’re, Black Knight, Jim Jordan, Elon, Jerry Nadler, Nadler Organizations: WASHINGTON, U.S . Federal Trade Commission, Republican, Commerce, Science, NASA, Capitol, Committee, Microsoft, “, Activision, Facebook, Republicans, White House Press, Rep, Black, Horizon Therapeutics, Twitter, FTC, Democrat Locations: Washington , U.S, California, U.S

☆ Leadership Troubles Roil Russian Military
▼ + stars: | 2023-07-13 | by ( Gabriela Sá Pessoa | ) www.nytimes.com time to read: +5 min

“We have put to rest any doubts and ambiguities about whether Ukraine will be in NATO,” he said. “It will!”The Ukrainian military’s Strategic Communications Department also posted a lengthy Twitter thread listing positive outcomes from the summit. In return, requests that were initially rebuffed — including Western battle tanks, missile systems, even training for F-16 fighter jets — have over time been met. The campaign is in its second month, and Mr. Zelensky has acknowledged that it is moving more slowly than some allies had hoped. But he warned that Ukraine may not hold a significant advantage in that type of strategy against the more numerous Russian forces.

Persons: Volodymyr Zelensky, Zelensky, ” Mr, ”, “, ” Michael Kofman, Kofman, Biden, Matthew Mpoke Bigg Organizations: NATO, Strategic Communications Department, Eurasia Program, Carnegie Endowment, International, Tactical Missile Systems Locations: Ukraine, Russian, United States, Russia, Lithuania, France, Germany, Ukrainian, Donetsk, Bakhmut, Melitopol, Britain, Kyiv

Search resuls for: "MICHAEL K"

25 mentions found