DIRS.INFO The most relevant business & tech news

☆ Critics are hailing FX's 'Shōgun' as the next 'Game of Thrones'
▼ + stars: | 2024-02-27 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +6 min

"Shōgun," created by Rachel Kondo and Justin Marks, takes place at the turn of the 17th century in Japan. Hiroyuki Sanada as Yoshii Toranaga in the series premiere of "Shōgun." The Washington Post's Lili Loofbourow wrote that "Shōgun" will draw comparisons to "Game of Thrones" because it has a "proven combination of gorgeous set pieces, moral ambiguity, cliffhangers (literally, in one case!) According to critics, however, FX's "Shōgun" more effectively shifts the focus to the story's cast of Japanese characters. AdvertisementReviews praised Hiroyuki Sanada's performance as Toranaga YoshiiHiroyuki Sanada as Yoshii Toranaga in "Shōgun."

Persons: —, James Clavell's, Rachel Kondo, Justin Marks, John Blackthorne, Yoshii Toranaga, Hiroyuki Sanada, Katie Yu, Alan Sepinwall, Nick Hilton, Lili Loofbourow, Loofbourow, Cosmo Jarvis, Anna Sawai, Time's Judy Berman, Mike Hale, Toda Mariko, IGN's Samantha Nelson, Sanada, Hiroyuki Sanada's, Yoshii Hiroyuki Sanada, Stone's Sepinwall, Today's Kelly Lawler, IGN's Nelson, Toranaga, Critics, IndieWire's Ben Travers, Travers, Rebecca Nicholson, Yuka Kouri, Kurt Iswarienko, Variety's Alison Herman, showrunners Marks, Jonathan van Tulleken, Helen Jarvis, Carlos Rosario Organizations: Service, Hulu, Disney, Taiko, Regents, Business, Thrones, FX, New York Times Locations: United Kingdom, Japan, Kanto, Washington, Osaka, Hulu

☆ Some hear echoes of the Web3 frenzy around generative AI. But its future is likely to play out very differently.
▼ + stars: | 2024-02-19 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

Mariam Pettit, partner at Global Founders Capital, said the rush toward AI was in part driven by investor FOMO. While investors and industry insiders don't anticipate the same fate for generative AI startups, many see the parallels between the two industries. Indeed, VCs are paying premiums and pre-empting rounds into hot AI startups in a bid to get a place on the cap table. AI founders are aware that they need to differentiate themselves in order to survive, at the very least. "And with vertical AI startups, it's much clearer that all the data we have is approved by the creator of that data."

Persons: Marc Andreessen, ChatGPT, Mariam Pettit, FOMO, Rainer Haeckl Web3, Sam Bankman Fried, Ash Arora, LocalGlobe, Arora, Sam Altman, Andreessen Horowitz, Ayman Fadil, Fadil, Pettit, Devang Agarwal Organizations: Business, Alpha, Global Founders Capital, Investors, Tech, Talis Locations: German, London, Web3, LocalGlobe, Jasper

☆ Japan's stock markets are on a tear. Will 'zombie’ firms threaten the bull run?
▼ + stars: | 2024-02-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

What are zombie companies? Japan's "zombie" problem has been around for a long time, said William Pesek, author of the book "Japanization: What the World Can Learn from Japan's Lost Decades." Raising the borrowing cost will put these zombie companies at risk of bankruptcy and bailouts, which could have a broader impact on the economy if there are job losses. "But the aid program has led to an increase in the number of 'zombie' companies that would otherwise have been unable to continue operating," the report added. Japan's stock markets have also been testing new highs since 2023, and higher interest rates could halt the bull run.

Persons: Adam Pretty, William Pesek, we've, Pesek, CNBC's Martin Soong, Warren Buffett's, Warren Buffett, Kazuo Ueda, Ueda Organizations: Getty, Bank of Japan, Tide, Asia Times, Japan Times, CNBC, Nikkei Locations: TOKYO, JAPAN, Roppongi Hills, Tokyo, Japan, Asia

WASHINGTON (AP) — The U.S. House is ready to impeach Homeland Security Secretary Alejandro Mayorkas over border security, a deeply partisan and highly unusual attack on a Cabinet official that has drawn concerns from constitutional scholars and rebuke from Democrats. The House vote on the charges, which Democrats say are untrue and hardly grounds for impeachment, is set for Tuesday. “Very clearly Secretary Mayorkas has picked and chosen which laws he's going to enforce,” said Rep. Mark Green, R-Tenn., the chairman of the Committee on Homeland Security, at a hearing ahead of the vote. Green’s committee had been investigating the Homeland Security secretary for much of the past year, but a resolution from Rep. Marjorie Taylor Greene, R-Ga., a Trump ally, pushed it to the fore. Even if Republicans are able to impeach Mayorkas, he is not expected to be convicted in a Senate trial where Republican senators have been cool to the effort.

Persons: Alejandro Mayorkas, Mayorkas, “, ”, —, William Belknap, Mark Green, Joe Biden, Donald Trump, Joe Neguse, Biden, Hunter Biden, Marjorie Taylor Greene, Trump, Mike Johnson, it's “, ” It's, Johnson, Jonathan Turley, Alan Dershowitz, Deborah Pearlstein, Belknap Organizations: WASHINGTON, U.S, Homeland, Republicans, Homeland Security, Democrats, Mayorkas, Princeton Program, Law, Public, Capitol Locations: U.S, Mexico, Mayorkas, impeachments

☆ Ukraine's Zelenskiy Is Considering Replacing Zaluzhnyi, Others
▼ + stars: | 2024-02-04 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +3 min

(Reuters) -Ukrainian President Volodymyr Zelenskiy, in an interview broadcast on Sunday, said he was considering a "reset" to replace several senior officials. Speculation has gripped Ukraine for weeks over suggestions that the president was about to dismiss the highly popular commander, Valeriy Zaluzhnyi. But Zelenskiy said any changes went beyond replacing a single person to harness efforts to oust Russian troops. To win the war, Zelenskiy said, "We must all push in the same direction, we cannot be discouraged, we must have the right and positive energy, negativity must be left at home. On two occasions in the past week, Ukrainian media issued a torrent of reports that Zaluzhnyi's dismissal was imminent.

Persons: Volodymyr Zelenskiy, Valeriy, Zelenskiy, Zelenskyi, Zaluzhnyi, Oleksandr Syrskyi, Kyrylo Budanov, Gianluca Semeraro, Ron Popeski, Diane Craft, Lisa Shumaker Organizations: Reuters, RAI, Russian, CNN Locations: Ukraine, Russian, Italian, Ukrainian, Ukraine's, Kyiv

☆ A fund manager who has beaten 99% of his peers over the last decade breaks down how he finds value investments where others don't, and the 2 sectors he's looking for opportunities in this year
▼ + stars: | 2024-02-03 | by ( Mark Reeth | ) www.businessinsider.com time to read: +8 min

Consistently beating the competition over a decade and a half is a sign that Bill Nygren is worth listening to. Instead, he uses good old-fashioned value investing techniques that have proven reliable for decades, even as they've evolved. Nygren added: "It's clearly not a value stock, but when you make those adjustments it sells at less than a market multiple. Advertisement2 sectors to invest in right nowThe average investor would be forgiven for looking around the market right now and struggling to find value. Advertisement"And I think value investors have been a natural home for a lot of the financial industry because the industry's typically traded at something like three-quarters of the S&P multiple," Nygren said.

Persons: Bill Nygren, Nygren, there'd, you've Organizations: Oakmark, Oakmark Fund, Business, Big Tech, Capital, Intercontinental Exchange, American International Group, AIG

☆ Analysis-'Open Warfare': Philippines' Marcos-Duterte Alliance Crumbles
▼ + stars: | 2024-02-02 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +5 min

"The opportunistic political alliance was not meant to last," said Temario Rivera, chairman of the Center for People Empowerment in Governance think-tank. "It is still working," he said, adding he was keeping Sara Duterte as education minister. 'OPEN WARFARE'The alliance publicly disintegrated on Sunday when Duterte called Marcos a "drug addict" during a rally against moves to change the charter. Analysts said the public bust-up could be linked to the 2028 presidential race, which Sara Duterte is expected to contest and stands a strong chance. "It will be an open warfare this year," said Ronald Llamas, a veteran political analyst and former presidential adviser.

Persons: Karen Lema MANILA, Ferdinand Marcos Jr, Rodrigo Duterte, Marcos, Duterte's, Sara, Jean Encinas, Sebastian Duterte, Temario Rivera, Sara Duterte, Rivera, Duterte, Ferdinand Marcos Sr, Marcos Sr, Imelda, Ronald Llamas, Karen Lema, Michael Perry Organizations: University of the, Center for People Empowerment, International Criminal, Hague Locations: Philippine, Philippines, University of the Philippines, Davao, China, United States, Washington, South, Taiwan, South China

☆ N.S.A. Buys Americans’ Internet Data Without Warrants, Letter Says
▼ + stars: | 2024-01-25 | by ( Charlie Savage | ) www.nytimes.com time to read: +1 min

The National Security Agency buys certain logs related to Americans’ domestic internet activities from commercial data brokers, according to an unclassified letter by the agency. The letter, addressed to a Democratic senator and obtained by The New York Times, offered few details about the nature of the data other than to stress that it did not include the content of internet communications. Still, the revelation is the latest disclosure to bring to the fore a legal gray zone: Intelligence and law enforcement agencies sometimes purchase potentially sensitive and revealing domestic data from brokers that would require a court order to acquire directly. It comes as the Federal Trade Commission has started cracking down on companies that trade in personal location data that was gathered from smartphone apps and sold without people’s knowledge and consent about where it would end up and for what purpose it would be used.

Organizations: National Security Agency, Democratic, The New York Times, Intelligence, Federal Trade Commission

The hyper-competitive original song and original score categories include nominees from the films “Barbie'' to ”Oppenheimer'' and beyond. Diane Warren, original song nomination for “The Fire Inside” from “Flamin’ Hot.”Warren describes the song as bringing “a little reggaeton to the Oscars.”"I’m thrilled. Mark Ronson, original song nomination for “I'm Just Ken” from “Barbie”Ronson wrote “I'm Just Ken” with Andrew Wyatt. Thank you.”Academy-award winner Ludwig Göransson, original score nomination for “Oppenheimer”This is Göransson's third nomination. And everyone’s really proud of one another.”Laura Karpman, original score nomination for “American Fiction”This is Karpman's first Oscar nomination.

Persons: Diane Warren, Mark Ronson, Andrew Wyatt, Billie Eilish, Barbie, ” Oppenheimer, Warren, Ronson, Wyatt, “ I’m, Ken ”, “ Barbie, ” Jon Batiste, Dan Wilson, Scott George, “ Wahzhazhe, Eilish, O’Connell, James Bond, ” Mark Ronson, Lady Gaga, Anthony Rossomando, ” Laura Karpman, Indiana Jones, ” John Williams, ” Robbie Robertson, “ Oppenheimer, ” Ludwig Göransson, Jerskin Fendrix, Karpman, It's, Fendrix —, he's, ”, Dave Mullins, Brad Booker, John, Yoko, ” Warren, I’m, I’ve, It’s, There’s, “ I'm, “ Barbie ” Ronson, “, Ken ’, Greta, Ryan, Gosling, Ken, —, Batiste, Suleika, Finneas O'Connell, Finneas, Ludwig Göransson, Oscar, Chris Nolan, Nolan, Laura Karpman, Martin Scorsese, Robbie Robertson, Mullins, Booker's, MULLINS, BOOKER, Sean, Lennon Organizations: ANGELES, ”, Music, Academy, ” Academy Locations: “

Image A watch party for Mr. Trump in Des Moines on Monday night. Credit... Haiyun Jiang for The New York TimesInstead, if Mr. Trump wins next week’s New Hampshire primary, a march to a third nomination is all but certain. Some in the news media were reluctant to direct their audiences to Mr. Trump, especially shortly after he left office, for fear that it would only amplify his lies about his election loss. Since 2016, both Republican and Democratic leaders have often agreed that it helps Democrats to have Mr. Trump at the political fore. Mr. Biden has signaled his plans to highlight Mr. Trump’s efforts to subvert his loss in the 2020 election, invoking the attack on the Capitol and Mr. Trump’s revisionist history of what happened.

Persons: Donald J, Trump, codifying, —, he’d, Haiyun Jiang, ”, David Axelrod, Barack Obama, “, victimhood, Mr, Trump’s, Axelrod, Biden, Maansi Srivastava, Liam Donovan Organizations: Fox News, Republican, Trump, Republican Party, The New York, Democratic, Republicans, New, New York Times Democrats, Capitol, Washington Post, University of Maryland Locations: New York, Iowa, Florida, Des Moines, Hampshire, Clive , Iowa, New Hampshire, Washington, mattering

☆ Why Trump’s hold on evangelicals is so hard for DeSantis and Haley to break
▼ + stars: | 2024-01-14 | by ( Ron Brownstein | Analysis Ronald Brownstein | ) edition.cnn.com time to read: +15 min

Beyond Trump’s strong overall lead, the survey showed the former president attracting 51% support from Iowa evangelicals, far more than he drew in 2016. But Trump won the state by capturing 44% of evangelicals without a degree, double his share among the South Carolina evangelicals with a degree. This year, DeSantis will likely need to shake Trump’s hold on evangelical voters if he is to finish well enough in Iowa to remain a viable candidate after Monday. Asked if DeSantis can win evangelicals in Iowa on Monday, Vander Plaats pointedly responded: “I think he’ll do very well.”Compared to DeSantis, Haley isn’t betting on evangelical voters nearly as heavily in Iowa. Even in the most optimistic scenario for DeSantis or Haley, Trump’s hold on evangelicals without a college degree looks like a rock in the road for them.

Persons: Donald Trump’s, –, Texas Sen, Ted Cruz, Ron DeSantis, Cruz, DeSantis, Trump, ”, Gary Bauer, Nikki Haley, Mike Huckabee, Rick Santorum, Huckabee, Santorum, John McCain, Mitt Romney, Romney, Gary Langer, Trump’s, “ There’s, ’ ”, Bob Vander Plaats, Vander Plaats, Haley isn’t, Rubio, Haley, Robert P, Jones –, “ Trump, ” Jones, Jones, “, ” Bauer, you’ve Organizations: CNN, Yorker, Trump, Texas, Florida Gov, GOP, Des Moines Register, NBC, South Carolina Gov, Republican, McCain, ABC News, Edison Research, –, Public Religion Research Institute, Survey, College, New York Times, The New York Times, Democrats Locations: Iowa, Florida, The Iowa, Nevada , Missouri , Alabama, Georgia , Tennessee, Virginia , Michigan , Mississippi, North Carolina, South Carolina, Carolina, New Hampshire, American, America

☆ Tiger Woods and Nike’s ‘seismic’ partnership is over. Where do they go from here?
▼ + stars: | 2024-01-10 | by ( Jack Bantock | ) edition.cnn.com time to read: +10 min

After 27 years, 15 major championships, 82 PGA Tour wins and hundreds of millions of dollars in endorsement contracts, Tiger Woods and Nike announced the end of their collaboration on Monday. With Woods marking the sportswear company’s “significant entry” into golf, the partnership – and its impact – was “seismic,” explained Ben Peppi, sports commercial expert at JMW Solicitors. “For a long time post-Michael Jordan’s retirement, pre-Cristiano Ronaldo, Tiger Woods was Nike,” Peppi told CNN Sport. He transcends his sport – he wasn’t just a golf ambassador, he was a Nike icon.”As Woods became synonymous with golf, Nike became synonymous with Woods. Woods and Knight at the Tiger Woods Foundation's 20th Anniversary Celebration, held at the New York Public Library in 2016.

Persons: Tiger Woods, Woods, –, J.D, ”, Ben Peppi, Michael Jordan’s, Cristiano Ronaldo, ” Peppi, “, Tiger, Tiger …, David Cannon, Arnold Palmer, Bob Dorfman, ” Nike, Phil Knight, Knight, Gustavo Caballero, Peppi, “ There’s, Jason Day, Roger Federer, Federer, Yoshikazu, Michael Jordan, David Beckham, Usain Bolt, Puma, “ They’re, that’s, ’, it’s Organizations: CNN, Nike, Stanford University, Pumpkin, JMW Solicitors, “, CNN Sport, Augusta National, Gatorade, Accenture, Arnold Palmer Invitational, Baker, New York Public Library, Adidas, PGA, & $ Locations: golf’s, Cornelius , Oregon, Woods, ’, Japan

LOS ANGELES (AP) — Ten of the best songs of the year, as determined by Associated Press Music Writer Maria Sherman, in no particular order. “Monaco,” Bad BunnyBad Bunny’s 2023 album, “Nadie Sabe Lo Que Va a Pasar Mañana,” is a reclamation of his past sound, the hard-hitting rap that preceded his mainstream superstardom. And it is part of the reason why his 2023 single and first No. “OMG,” NewJeansIn 2023, girl groups dominated the K-pop conversation. At the fore is NewJeans, with their Y2K-nostalgic sound that pulls from the turn of the millennium's R&B and pop music.

Persons: Maria Sherman, Victoria Monét Buckle, Victoria Monét, Ariana Grande, Chloe x Halle, Monét’s, doesn’t, “, ”, ” Miley Cyrus, Miley Cyrus ’, ” PinkPantheress, PinkPantheress, Leo ”, What’s, ” Zach Bryan, Zach Bryan, ” Paramore Long, Paramore, Hayley Williams, “ Rush, ” Troye Sivan, Sivan, Laura Les, Dylan Brady, NewJeans, ” Danny Brown Danny Organizations: ANGELES, Associated Press, Fifth Harmony, Bronx Locations: “, “ Monaco, Monaco, The Tennessee, Australian

☆ ‘A hero every day’: He joined Ukraine’s Maidan protests at 16. At 24, he died fighting Russia
▼ + stars: | 2023-12-03 | by ( Jessie Yeung | Anna Coren | ) edition.cnn.com time to read: +8 min

Kyiv, Ukraine CNN —Taras Ratushnyy remembers receiving a phone call from his son Roman during Ukraine’s deadly 2013 Maidan Revolution. Both his parents were previously activists and journalists; his mother Svitlana Povalyaeva, also a writer and poet, took part in the Maidan Revolution alongside her two sons. A young Roman Ratushnyy, who joined the Maidan Revolution at just 16 years old. It was the 10th anniversary of the Maidan protests; Taras had just one day at home before he returned to the battlefield. CNNFighting for a European futureThe Maidan protests were sparked by Ukraine’s then-President Viktor Yanukovych abruptly scrapping a trade deal with the European Union.

Persons: Ukraine CNN — Taras Ratushnyy, Roman, “, ” Roman, Taras, blaring, Svitlana Povalyaeva, Ratushnyy, Volodymyr Zelensky, –, ” Taras, Taras Ratushnyy, Ukraine’s, Viktor Yanukovych, Yanukovych –, Vladimir Putin, —, ”, Efrem, Marci Shore, Molotov, Yanukovych, Roman –, Boris Dralyuk, I’ll, Genya Savilov Organizations: Ukraine CNN —, CNN, European Union, Supporters, Europe, Getty Locations: Kyiv, Ukraine, Kyiv’s, Europe, Russia, Crimea, Izium, Ukraine’s Kharkiv Oblast, Moscow, Independence, Russia’s, Maidan, ”, Ukraine’s, Sumy Oblast, Ukrainian, American, AFP

☆ New book reignites British royal race row
▼ + stars: | 2023-11-30 | by ( Michael Holden | ) www.reuters.com time to read: +4 min

The couple declined to say which unnamed royal had made the remarks, although Winfrey later clarified it was neither the late Queen Elizabeth nor her husband Prince Philip. Harry, the younger son of King Charles, said in a subsequent 2023 TV interview, neither he nor Meghan had accused anyone in their family of racism. But a new book about the royals written by journalist Omid Scobie has brought the issue back to the fore, making front page news again Britain this week. KING IN DUBAIIn his TalkTV show on Wednesday, the royals allegedly involved were also named by British broadcaster Piers Morgan, a vocal critic of Harry and Meghan. Neither Buckingham Palace nor any of the royal family's offices have commented on the book, but the Daily Mail said officials were considering all options, including legal action.

Persons: Prince Harry, Duke of Sussex, Meghan, Duchess, Sussex, Meghan's, Oprah Winfrey, shockwaves, Archie, Winfrey, Queen Elizabeth, Prince Philip, Prince William, Harry, King Charles, Omid Scobie, Scobie, Charles, Xander Uitgevers, there's, Piers Morgan, Bola Tinubu, Buckingham, Michael Holden, Alison Williams Organizations: Mental Wellness, U.S, RTL, KING, DUBAI, Daily Mail, Thomson Locations: New York City, U.S, Buckingham, Britain, Dutch, British, Dubai

☆ US dollar is heading for its worst month in a year. It’s not all bad news
▼ + stars: | 2023-11-29 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —The US dollar is barreling toward a 3.7% loss this month against a basket of six major currencies in what would be it worst monthly performance in a year. For countries that depend on commodity imports, a weaker dollar means they have to pay less for essentials like wheat and crude oil. A number of up-and-coming economies have debts denominated in dollars, and a weaker dollar can make servicing those debts less expensive. A fall in the greenback’s value also signals better investment opportunities outside the United States, McCormick told CNN. “A weaker dollar is a rising tide that lifts all boats,” he said.

Persons: decelerate, ” Ulrich Leuchtmann, Cameron Willard, —, ” Willard, ”, Mark McCormick, Leuchtmann, McCormick, stokes, Willard Organizations: London CNN, Reserve, CNN, TD Securities Locations: United States, Japan, Korea, India, Handelsbanken

☆ Healthcare, AI and more: How one pro is investing for a 'Goldilocks' economy
▼ + stars: | 2023-11-24 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

A so-called Goldilocks economy is one which doesn't grow too quickly, or shrink too much — in other words, it's just right. "The reason they've such a high dividend yield is because there's something wrong with the company. And so, the value of the stock has gone down, which means the dividend yield is high," he said. And so, when, when I think about dividend stocks, I'm thinking about companies that pay a moderate dividend." Buy-rated stocks CNBC Pro screened for the top dividend stocks in each of the four themes Budden is looking at.

Persons: Andy Budden, it's, Budden, Eli Lilly, He's, Bard Organizations: Capital Group, U.S . Federal Reserve, CNBC Pro, Bank of America, Pharmaceutical, Novo Nordisk, Microsoft, Google

☆ Opinion: Iceland’s magnificent nature comes with a monster
▼ + stars: | 2023-11-23 | by ( Opinion Catharine Fulton | ) edition.cnn.com time to read: +7 min

Hikers are silhouetted against rivers of lava flowing from a volcanic eruption between Iceland's Myrdalsjokull and Eyjafjallajokull glaciers in March, 2010. Residents have been evacuated amid an imminent volcanic eruption. • Join us on Twitter and FacebookThe monster had burrowed a 15-kilometre lava tunnel that stretched beneath the town. Not since the Westman Islands awoke to an eruption in their backyard in 1973 has an entire town been evacuated. Now everyone waits and watches and wonders if residents of Grindavík will ever go back home.

Persons: Catharine Fulton, Read, Reykjavík, Reykjavík CNN —, NordicPhotos, there’s, Micah Garen Organizations: Reykjavík CNN, Geographic, Red, Icelandic Meteorological, CNN, Twitter Locations: Canadian, Reykjavik, Reykjavík, Iceland, Fimmvörðuháls, balaclava, Toronto, Grindavík, Grindavik

☆ HSAs are a 'powerful, yet underutilized' financial tool, says CFP—how to take advantage during open enrollment
▼ + stars: | 2023-11-20 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

But as you're considering your options, financial advisors would like to make sure that you're taking one crucial financial tool into account. If your employer offers a high-deductible health plan (those with deductibles of at least $1,500 for individuals or $3,000 for families), those who enroll in it gain access to a health savings account. Some 81% of accountholders keep HSA money in cash, according to a recent survey from the Plan Sponsor Council of America. "This feature positions HSAs not just as a tool for current medical expenses, but as a strategic component in long-term financial planning." Under this convention, you'd pay for medical expenses out of pocket in the short-term in order to reap the benefits of long-term compounding growth.

Persons: Sean Lovison, HSAs, whatever's, Michelle Fait, you've Organizations: of America, Investments, Fidelity, Satori Financial Locations: Moorestown , New Jersey, Seattle , Washington

☆ Bill Ackman is defending Elon Musk amid the X owner's antisemitism controversy
▼ + stars: | 2023-11-20 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

AdvertisementHedge fund manager Bill Ackman voiced his support for fellow billionaire Elon Musk on Saturday as the X owner faces backlash for retweeting an antisemitic remark. "It is remarkable how quickly the world stands ready to attack Musk for his shoot from the hip commentary," Ackman wrote. "You have said the actual truth," Musk wrote in his retweet, sparking a swift wave of online backlash. In his defense of Musk, Ackman reposted a video from conservative political pundit Ben Shapiro, who said Musk was unjustly being labeled as "some sort of crypto-Nazi." Ackman wrote that he agreed with Shapiro's analysis.

Persons: Bill Ackman, Elon Musk, Ackman, —, who's, Musk, Ben Shapiro, Shapiro, Israel Organizations: Elon, Service, SpaceX, Facebook, Defamation League, ADL, Palestine, Harvard University, Health Locations: Israel, Gaza

☆ Argentina's Trump-like presidential candidate, who proposed making the US dollar the country's official currency, wins election after his opponent concedes defeat
▼ + stars: | 2023-11-19 | by ( Associated Press | ) www.businessinsider.com time to read: +7 min

A self-described "anarcho-capitalist" candidate often compared to Donald Trump claimed victory in Argentina's presidential election. With a Milei victory, the country will swing to the right amid discontent over soaring inflation and rising poverty. AdvertisementArgentina's Economy Minister Sergio Massa conceded defeat to populist Javier Milei in Sunday's fiercely polarized presidential runoff even before the country's electoral authority released official results. AdvertisementThe vote took place amid Milei's allegations of possible electoral fraud, reminiscent of those from Trump and former Brazilian President Jair Bolsonaro. Without providing evidence, Milei claimed that the first round of the presidential election was plagued by irregularities that affected the result.

Persons: Donald Trump, Javier Milei's, Sergio Massa, —, Javier Milei, Massa, Milei, Milei's screeds, I'm, Esteban Medina, Jenifer Pio, Pio, Ana Iparraguirre, Massa's, María Gabriela Gaviola, hasn't, isn't, Gaviola, I've, Patricia Bullrich, Milei's, Victoria Villaruel, Jair Bolsonaro Organizations: Argentina's, Service, Argentine, Massa, Associated Press, Peronist, University of Buenos Aires Law School, AP, Theater Locations: Buenos Aires, Argentina, Trump

☆ 3 charts that will make you a smarter investor in 5 minutes
▼ + stars: | 2023-11-19 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

Each illustrates an important lesson that, if internalized, will hopefully make you a wiser investor. But if you're a younger investor, the best time to invest was yesterday. The only difference: One starts investing at 22, one starts at 27, and the third starts at 32. The investor who started early wins by a landslide, and not because they invested all that much more. After 45 years in the market, the investor who began at 22 has put $109,000 into the market — just $24,000 more than the investor who began 10 years later.

Persons: Ed Slott, you'd, We've, there's, Sam Stovall, they'll, Wayne Gretzky Organizations: TI, CNBC Locations: U.S

☆ A 17-year-old Ukrainian stuck in Russia received call-up papers to fight in the Russian army, his lawyer said
▼ + stars: | 2023-11-16 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

His status in Russia surged to the fore after his lawyer said he was told to join the Russian army. AdvertisementA 17-year-old Ukrainian who was taken from Ukraine to Russia during the war received a call-up to enlist in the Kremlin's forces, the BBC reported. AdvertisementAs he was living in Russia, Yermokhin was issued a call-up order to report on December 13 for a military draft in Moscow, Bobrovska told Ukrainian media on November 7. The announcement comes after Russia said Yermokhin wanted to stay in Russia, a claim Bobrovska has repeatedly denied. But Bobrovska told Ukrainian media that Yermokhin said he was intimidated into signing the statement.

Persons: Bohdan Yermokhin, Yermokhin, —, Kateryna, Bobrovska, Irina Rudnitskaya, Rudnitskaya, Volodymyr Zelenskyy, Yermokhin's, — Bobrovska, Maria Lvova, Dmytro Lubinets, Lubinets, Belova, Vladimir Putin Organizations: Service, BBC, Russian, Children's, Human Rights, Associated Press, United Nations Locations: Ukraine, Russia, Mariupol, Russian, Ukrainian, Moscow, Belarus

"Given the absence of a growth engine, it wouldn't surprise me if the Japanese economy contracted again in the current quarter. The risk of Japan falling into recession cannot be ruled out," said Takeshi Minami, chief economist at Norinchukin Research Institute. "The weak growth and the spectre of slowing inflation could delay the BOJ's exit from negative interest rates," he said. Japan’s economy contracts in the third quarterThe weak reading reflects lacklustre consumption and capital expenditure, dashing policymakers' hopes for a post-pandemic rebound in domestic activity to offset weaker external demand from China and elsewhere. He said better net exports, underpinned by car shipments and tourism, helped lift growth in the second quarter, belying the weakness in domestic demand.

Persons: Androniki, Takeshi Minami, Stefan Angrick, Angrick, Fumio Kishida, Tetsushi Kajimoto, Sam Holmes Organizations: REUTERS, Norinchukin Research, Gross, Moody's, Thomson Locations: Tokyo, Japan, TOKYO, China

☆ On tour with Burna Boy to Wizkid: How Afrobeats conquered the world
▼ + stars: | 2023-11-14 | by ( Thomas Page | ) edition.cnn.com time to read: +6 min

The following week the two crossed paths again and the photographer let Burna Boy know the photos were his. There was something fresh; it was something that they hadn’t seen before.”Photographer Oliver D. Akinfeleye, aka DrDrummerD, has documented Afrobeats artists in the US and Europe since 2017. Of all the artists Akinfeleye has worked with, he says his bond with Wizkid is the tightest. “Nigerian music – African music – is there to make people feel good no matter what,” he added. The world needs to feel good,” Akinfeleye argues, and that need isn’t disappearing any time soon.

Persons: CNN — Oliver Akinfeleye, Burna Boy’s, Burna, Akinfeleye, Wizkid, Rema, Selena Gomez, Oliver D, Aubrey, Drake, Graham, Mr Eazi, Brandon Boyd, Wiz’s DJ, DJ Tunez, ” Akinfeleye, “, ”, he’s, Afrobeats, it’s Organizations: CNN, Palladium Times, Madison, Citi Field, Tottenham Hotspur, O2, MTV, Washington DC, O2 Arena Locations: New York, American Nigerian, Queens , New York, Nigerian, Citi Field , New York, Glastonbury, London, African, Europe, Runtown, Washington, Akinfeleye, Puerto Rico

Search resuls for: "Fore"

25 mentions found