DIRS.INFO The most relevant business & tech news

☆ Why Warren Buffett is so keen on Japan's versions of Berkshire Hathaway
▼ + stars: | 2023-05-05 | by ( Tim Hornyak | ) www.cnbc.com time to read: +9 min

But Warren Buffett added a spark in April when he visited Japan to announce that Berkshire Hathaway boosted its investment in Japanese trading houses to 7.4%. Buffett said the five — Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui, and Sumitomo Corp. — are comparable to Berkshire itself. Samurai roots for Buffett's Japanese stocks The five trading firms that Berkshire has invested in are the biggest of Japan's so-called sogo-shosha, or general trading companies. Today, Japan's trading companies derive most of their revenue from non-trade activities. Shosha: The Big Five Mitsubishi The largest of Japan's trading companies is Mitsubishi Corp. , set up in 1954.

☆ Canadian billionaire Steve Apostolopoulos says he's still in the running with his bid for the Washington Commanders
▼ + stars: | 2023-04-24 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

Canadian billionaire Steve Apostolopoulos appeared on CNBC's Squawk Box on Monday, telling Andrew Ross Sorkin that he's "still in the hunt" when it comes to purchasing the Washington Commanders. Earlier this month, an ownership group led by Philadelphia 76ers and New Jersey Devils owner Josh Harris made a bid worth an estimated $6 billion. Both the league and Harris' ownership group declined to comment on Apostolopoulos' remarks. The Toronto businessman is a managing partner of the real estate firm Triple Group of Companies and he's the founder of the private equity firm Six Ventures. "It is a tremendous city, it is a tremendous team, there is lots of great things happening in that market and we are real estate guys, so we look from real estate standpoint as well."

☆ Buying the dip on energy stocks? Wall Street pros name their top picks
▼ + stars: | 2023-03-28 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Energy was the second-best-performing sector of the S & P 500 last week, as investors flocked back into the stocks amid a recent dip in oil prices. Thummel also likes two energy infrastructure stocks — Cheniere Energy and Energy Transfer . He likes Viper Energy Partners , which owns a royalty portfolio of oilfield assets. "Viper Energy has one of the largest backlogs of tier-one locations in the [Permian] basin. Viper Energy is thus able to leverage improving energy prices while having "strong" downside support, according to Davolos.

☆ 'We need to get Monday back' and get people in the office earlier in the week, says the CEO of the world's largest insurance marketplace
▼ + stars: | 2023-03-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Lloyd's of London CEO says people are mostly going back to the office Tuesday to Thursday, per FT."We need to get Monday back," CEO John Neal told the Financial Times. Many corporate leaders are trying to get employees back to the office after three years of pandemic-induced remote work. "Tuesdays, Wednesdays, and Thursdays are busy," John Neal, CEO of the world's largest insurance marketplace Lloyd's of London, told the Financial Times in an interview published Wednesday. Other high-profile executives who want their employees back in the office include Citadel CEO Ken Griffin, Morgan Stanley CEO James Gorman, Starbucks CEO Howard Schultz, and Tesla CEO Elon Musk. While Lloyd's Neal may have been referring to employees in the UK, the experience across the Atlantic is similar.

☆ Tesla is still the benchmark in EVs, and some rivals will fail or be bought, says former Ford CEO
▼ + stars: | 2023-02-23 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Tesla is still the EV market benchmark, according to former Ford CEO Mark Fields. He told CNBC on Thursday that some of the smaller players in the field risk failing or being bought by rivals. It's only going to get tougher, especially at the high end price range where competition is stiff, Fields said. "I think every automaker still benchmarks Tesla as the leader at this point," Fields said. "One thing is for sure - these companies are going to continue to need capital to grow their businesses," Fields said.

☆ Apple cofounder says that Elon Musk, like Steve Jobs, wants to 'be seen as the important person and be like a cult leader'
▼ + stars: | 2023-02-09 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Steve Wozniak slammed Elon Musk during an interview with CNBC on Thursday, calling him dishonest. The Apple cofounder said Musk is similar to Steve Jobs, as they both wanted to be "like a cult leader." Wozniak said he feels as if he's been "robbed" by Musk over his claims about Tesla's self-driving tech. And a lot of honesty disappears when you look at Elon Musk and Tesla." The Apple cofounder said Musk and Tesla "robbed" his family of money due to the company's claims about its self-driving technology.

☆ JPMorgan CEO says remote work isn't good for young people and managers, but can be 'perfectly reasonable' for coders and women with caregiver concerns
▼ + stars: | 2023-01-21 | by ( ) www.businessinsider.com time to read: +3 min

JPMorgan CEO Jamie Dimon said in a CNBC interview that remote work is "perfectly reasonable to help women." Remote work is reasonable for some jobs, Dimon said, but it doesn't work for "young kids" and managers. "I think it's perfectly reasonable to help women," Dimon said during an interview Thursday from Davos, Switzerland where the World Economic Forum is being held. Dimon also said there are jobs where remote work is "perfectly reasonable," like writing a book, or doing research or coding. "It doesn't work for young kids, it doesn't work for spontaneity, it doesn't really work for management," Dimon told Squawkbox of working remote.

☆ Billionaire bitcoin bull Mike Novogratz says 2023 will be a year for crypto markets to try and survive, and 'heal and rebuild narrative'
▼ + stars: | 2023-01-10 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Galaxy Digital CEO Mike Novogratz is still mostly upbeat about crypto in 2023. "The outlook for crypto is not horrible, but it's not great," Novogratz told CNBC. The bitcoin bull said crypto brokerage Genesis' liquidity woes are hanging over the industry. The bitcoin bull says the crypto outlook is "not horrible, but it's not great," he told CNBC's Squawk Box on Tuesday. Novogratz says that the Gemini and DCG debacle won't involve "a lot of selling" for crypto markets, but it's "just not great news."

☆ Jim Cramer: Investors are waiting for Silicon Valley to 'own up' and cut workforce
▼ + stars: | 2023-01-04 | 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 EmailJim Cramer: Investors are waiting for Silicon Valley to 'own up' and cut workforceCNBC's Squawk on the Street committee discuss Salesforce's decision to cut part of its workforce and more.

☆ Cramer on recent tech layoffs, earnings and big tech's recent rebound
▼ + stars: | 2023-01-04 | 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 EmailCramer on recent tech layoffs, earnings and big tech's recent reboundCNBC's Squawk on the Street committee discuss Salesforce's decision to cut part of its workforce, other companies Cramer wants to cut their workforce and more.

☆ The CEO of one of America's biggest homebuilders said we're already in a 'housing recession,' and there are two other key signs that the real-estate market is still cooling
▼ + stars: | 2022-12-20 | by ( Robert Davis | ) www.businessinsider.com time to read: +3 min

Sheryl Palmer, CEO of Taylor Morrison, says the US is already in a housing recession. Some economists still aren't buying into the housing recession narrative. In 2023, Palmer said homebuyers should expect overall inventory volumes to drop as buyers scoop-up existing homes. Palmer's comments come on the heels of other business heads who expect the US housing market to have a tough year in 2023. But not everyone agrees that the US housing market is in a recession, or that it will face one in 2023.

☆ Binance CEO Changpeng Zhao says 100% of customer assets are fully backed one-to-one, and all withdrawals will be covered: 'We will not have an issue'
▼ + stars: | 2022-12-15 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

The Binance chief executive told CNBC on Thursday that his exchange backs customer assets one-to-one. The chief executive and founder of the world's largest cryptocurrency exchange told CNBC's Squawk Box that all customer assets on the platform are backed one-to-one, either in hard or cold-storage wallets. "In crypto, there's no central bank printing money to bail out banks when there's a liquidity crunch," Zhao said. "Crypto businesses have to hold user assets one-to-one, and that's what we do - it's very simple." The collapse of FTX and the ensuing criminal probe into founder Sam Bankman-Fried has added a new layer of skepticism to the crypto space and concerns over the safety of customer assets.

☆ Ticketmaster expected 1.5 million 'verified' Taylor Swift fans on the site but 14 million people were trying to get tickets, Live Nation chairman says: 'We could have filled 900 stadiums'
▼ + stars: | 2022-11-17 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

Ticketmaster was only supposed to be opened to 1.5 million "verified" Taylor Swift fans for presale. Live Nation's chairman said 14 million people tried to get tickets, and could've filled 900 stadiums. "Despite all the challenges and the breakdowns, we did sell over 2 million tickets that day," Live Nation's Greg Maffei said. However, among the 14 million fans were bots, "which are not supposed to be there," Maffei said. Maffei said Ticketmaster attempted to build "capacity for peak demand," but Swift's ticket sales "exceeded every expectation."

☆ Sam Bankman-Fried steps down as FTX CEO as his crypto exchange files for bankruptcy
▼ + stars: | 2022-11-11 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022. Sam Bankman-Fried's cryptocurrency exchange FTX has filed for Chapter 11 bankruptcy in the U.S., according to a company statement posted on Twitter. CNBC reached out to Adam Landis, founding partner of Landis Rath & Cobb LLP, who filed the Chapter 11 proceedings on behalf of FTX. FTX founder Sam Bankman-Fried admitted on Thursday that he "f---ed up." The Chapter 11 proceedings exclude the following subsidiaries: LedgerX LLC, FTX Digital Markets Ltd., FTX Australia Pty Ltd., and FTX Express Pay Ltd.

☆ Scaramucci talks FTX, Sam Bankman-Fried and 'the worst week in cryptocurrency history'
▼ + stars: | 2022-11-11 | by ( Jack Stebbins | ) www.cnbc.com time to read: +2 min

Anthony Scaramucci, the founder of SkyBridge Capital and short-time Trump communications director, spoke on CNBC's Squawk Box Friday morning about friend and business partner Sam Bankman-Fried, the CEO of the crumbling crypto exchange FTX. Scaramucci told Squawk Box that we went to the Bahamas to help Bankman-Fried as an investor and friend. Scaramucci said he didn't see evidence of this mishandling when he and other investors first screened FTX as a potential business partner. "Duped I guess is the right word, but I am very disappointed because I do like Sam," Scaramucci continued. "There's a lot of distress in the markets, and a lot of my friends think it's the worst week in cryptocurrency history," Scaramucci said.

☆ Binance's rescue of FTX shows no crypto company is 'too big to fail,' experts say
▼ + stars: | 2022-11-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Ben Mcshane | Sportsfile | Getty ImagesBinance's agreement to salvage rival cryptocurrency exchange FTX from collapse shows how no one is safe from the chill of crypto winter, according to industry experts. "It shows that no one is too big to fail," said Pascal Gauthier, CEO of crypto wallet firm Ledger. On Monday, the CEO of cryptocurrency exchange FTX, Sam Bankman-Fried, took to Twitter in since-deleted tweets to play down concerns his crypto trading empire was at risk of collapsing. The debacle highlights how the crypto industry is becoming more centralized and straying from its decentralized roots, according to Gauthier. "FTX is a very big warning for everyone," Gauthier said in an interview on CNBC's Squawk Box Europe Wednesday.

☆ Billionaire IAC chairman Barry Diller says Elon Musk bought Twitter as a toy: 'How long he will use it, like toys, we don't really know'
▼ + stars: | 2022-11-07 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Billionaire IAC chairman Barry Diller has mixed feelings about Elon Musk's Twitter acquisition. On CNBC's Squawk Box, Diller said Musk "bought a toy, and how long he will use it, like toys, we don't really know." "You've got this extraordinarily wealthy person, and he bought a toy," Diller said. "He bought a toy, and how long he will use it, like toys, we don't really know, but he's not going to walk away, I don't think." By headcount, however, Twitter is already much smaller in the days since Musk bought it.

☆ Billionaire Barry Diller said there is something 'quite odd' in Mark Zuckerberg's decision to turn Facebook into Meta
▼ + stars: | 2022-11-07 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

IAC founder Barry Diller said "something is quite odd" in Mark Zuckerberg's metaverse pivot. Meta has shed over 70% of its value since the Facebook founder changed its name. Diller has made billions in founding and investing in top media companies like Expedia Group, Fox Broadcasting Company and USA Broadcasting. Last week, Federal Communications Commissioner Brendan Carr told Axios regulatory agencies like the Council on Foreign Investment in the US should take action to ban the app which is owned by Chinese media company ByteDance. At Meta, Zuckerberg has continually copied the popular video-app, rolling out features like Instragram Reels.

☆ NBA Commissioner Adam Silver speaks out against Kyrie Irving's antisemitic post
▼ + stars: | 2022-11-03 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Kyrie Irving #11 of the Brooklyn Nets brings the ball up the court during the fourth quarter of the game against the Chicago Bulls at Barclays Center on November 01, 2022 in New York City. NBA Commissioner Adam Silver is speaking out against Kyrie Irving after the Brooklyn Nets star posted a link to a film containing offensive antisemitic material. In a statement issued Thursday, Silver called the decision to post the video "reckless" and said he will be meeting with Irving in person next week to discuss the situation. "The public discourse that has followed has brought great awareness to the challenges we face as a society when it comes to hate and hate speech." Anti-Defamation League CEO Jonathan Greenblatt told CNBC's Squawk Box that antisemitic hate speech is at all time highs.

☆ Shopify shares pop 18% on smaller-than-expected loss
▼ + stars: | 2022-10-27 | by ( Sofia Pitt | ) www.cnbc.com time to read: +2 min

Shares of Shopify jumped 18% after the e-commerce company reported earnings that beat Wall Street's revenue estimates and a narrower-than-expected loss for the third quarter. Loss per share : loss of $0.02, adjusted, vs. loss of 0.07 expected by analysts according to Refinitiv. : loss of $0.02, adjusted, vs. loss of 0.07 expected by analysts according to Refinitiv. Revenue: $1.37 billion vs $1.33 billion expected, according to Refinitiv. Revenue was up 22% from the same quarter last year, but Shopify said the strong U.S. dollar weighed on its sales.

☆ Opening Bell: October 19. 2022
▼ + stars: | 2022-10-19 | 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 EmailOpening Bell: October 19. 2022CNBC's Squawk Box anchors discuss a recent piece in the Wall Street Journal on day traders.

☆ Elon Musk denies report that he talked to Putin recently about Ukraine war
▼ + stars: | 2022-10-11 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Investor Sven Henrich asked Musk (via his Twitter account "@northmantrader") if the report was true. As CNBC previously reported, Musk posted a series of tweets earlier this month seeking support for what he thought would be the best outcome for Russia's war on Ukraine. Musk proposed UN-supervised votes in Ukraine about whether certain regions of the nation under siege should join Russia. Publicly opining on war could prove risky for Musk and SpaceX, cautions J2 Ventures founder and Managing Partner Alex Harstrick. Musk has also recently sounded off, in an interview with Financial Times, about his vision for resolving China's conflict with Taiwan.

☆ Peloton to cut 500 jobs in last bid turnaround
▼ + stars: | 2022-10-06 | 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 EmailPeloton to cut 500 jobs in last bid turnaroundCNBC's Squawk Box crew discusses reports that Peloton has announced it will cut another 500 jobs, or about 12% of its remaining workforce, in an attempt to turn around the company.

Search resuls for: "CNBC's Squawk"

23 mentions found