DIRS.INFO The most relevant business & tech news

☆ Succession's huge plot twist is more realistic than you'd think – the departure of a powerful CEO like Logan Roy really can cause wild share price swings
▼ + stars: | 2023-04-15 | by ( Ryan Hogg | George Glover | ) www.businessinsider.com time to read: +5 min

There's real-life precedent that shows why a CEO can cause huge share price swings when they depart. He was portrayed as an omnipotent boss of the group, reflected in a cratering share price upon his death in the episode that aired April 9. But there is real-life precedent for a company's share price collapsing on news of a powerful CEO's ill-health. The power of Logan RoyThere are downsides to a stock being so closely linked to a powerful CEO like Jobs, Musk, or Roy. Indeed, there have been examples of a share price rally following the death of a CEO, because investors see it as a company decoupling from a deadweight boss.

☆ Former Trump aide Anthony Scaramucci says Donald Trump is a 'family guy' who's just like Logan Roy — the ruthless patriarch in 'Succession'
▼ + stars: | 2023-04-06 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Former Trump aide Anthony Scaramucci likened his ex-boss to "Succession" patriarch Logan Roy. Scaramucci said Trump is a "family guy," and that Roy — like Trump — loves his kids. He has this love-hate relationship with his family," Scaramucci told MSNBC's Stephanie Ruhle. Brian Cox, who plays Roy, told Collider that the show's creator, Jesse Armstrong, has said that Roy does love his kids. Scaramucci isn't the first person who's likened the Trump family to the Roy family in "Succession."

☆ After a wild, losing week for stocks, investors brace for more market-moving data
▼ + stars: | 2023-03-11 | by ( Zev Fima | ) www.cnbc.com time to read: +16 min

But PPI readings can predict the direction of future consumer price readings. High interest rates hurt because they increase monthly costs, but it's the lack of supply that contributes to elevated list prices. If we can get inflation down while seeing other economic indicators hold up, the likelihood of a soft landing increases. ET: Industrial Production & Capacity Utilization Looking back It was a tough week for stocks, with the Dow falling 4.4% in its worst showing since June. Under the hood, all sectors finished lower for the week, led down by financials and followed by materials and real estate.

☆ Fed’s reluctance to go green will cost the Earth
▼ + stars: | 2023-03-07 | by ( Ben Winck | ) www.reuters.com time to read: +8 min

WASHINGTON, March 7 (Reuters Breakingviews) - Central banks don’t think they can do much about the environment. The U.S. Federal Reserve has done even less, arguing it should not tackle climate change without an explicit order from Congress. In a 2021 survey by Invesco, 63% of responding central banks said addressing climate change fell within their mandate. Central banks aren’t best equipped to lead the green transition, anyway. There’s also a valid concern that focusing on climate change could water down the Fed’s mission to fight inflation.

☆ Goldman Sachs expects ECB to raise rates thrice this year
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: 1 min

Feb 21 (Reuters) - Goldman Sachs said it was expecting the European Central Bank to raise interest rates thrice this year, taking the terminal rate to 3.5% from 3.25% estimated earlier. In a note dated late Monday, the brokerage said in addition to an increase of 50 basis points in March and 25 basis points in May, it was estimating a 25 basis-point hike in June. Goldman's change in expectations comes after hawkish commentary from ECB board member Isabel Schnabel and French central bank chief Francois Villeroy de Galhau, two influential policymakers from the 26-member Governing Council on Friday. Markets currently see ECB rates peaking at around 3.7% by the end of summer. Reporting by Reshma Rockie George; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ Bayonetta Origins: Cereza and the Lost Demon preview
▼ + stars: | 2023-02-07 | by ( Mike Andronico | ) edition.cnn.com time to read: +5 min

Bayonetta Origins: Cereza and the Lost Demon fleshes out the franchise’s backstory in the form of a pastel-colored adventure that challenges you to control two characters at once as you solve puzzles and take down enemies. Bayonetta Origins, which casts you as a young girl named Cereza (who, spoiler alert, would eventually become Bayonetta) is decidedly not that. The takeawayNintendoI came into my Bayonetta Origins: Cereza and the Lost Demon demo with mild expectations, and came out itching to spend more time with Cereza and Cheshire. If you own a Nintendo Switch, it should be on your radar — even if you’ve never played a Bayonetta game before. Bayonetta Origins is up for preorder now and hits stores on March 17, and we’re already looking forward to playing more.

☆ Shamrock Recharges Its Content Strategy With $600 Million Fund
▼ + stars: | 2023-02-03 | by ( Maria Armental | ) www.wsj.com time to read: 1 min

Shamrock Capital Advisors, a Los Angeles-based investment firm that grew out of the family office of the late Roy Disney, a longtime Walt Disney Co. executive, has raised more than $600 million to spend on entertainment content and media rights. The firm, which long ago severed ties with the Disney family, said its latest fund, called Shamrock Capital Content Fund III LP, is more than double the size of its first such vehicle, which closed on about $250 million in 2016. Shamrock’s content strategy, which includes a debt fund, is to invest in film, television, music, sports and videogame products and distribution rights.

☆ U.S. government touches debt limit
▼ + stars: | 2023-01-19 | by ( David Morgan | ) www.reuters.com time to read: +4 min

Republicans, with a newly won House majority, aim to use the congressionally mandated federal debt ceiling to exact spending cuts from Biden and the Democratic-led Senate. Republicans are instead pursuing a "debt prioritization" plan that would seek to avert default by urging the Treasury to prioritize debt payments, and possibly other priorities such as Social Security and Medicare, should the limit be breached during negotiations. But we similarly should not blindly increase the debt ceiling," Representative Chip Roy, a leading conservative, told Reuters. Congress adopted a comprehensive debt ceiling, the statutory maximum of debt the government can issue, in 1939, intending to limit its growth. White House officials also note that Republicans in Congress backed multiple increases to the debt ceiling when Republican Donald Trump was president.

☆ Texas GOP Rep. Chip Roy says DHS is not doing its job in 'securing the border.' His solution? Defund them.
▼ + stars: | 2023-01-10 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +2 min

Texas GOP Rep. Chip Roy called on his colleagues to stop funding the DHS. The comments came the same day President Joe Biden visited the border in Texas. In a speech to the House, Roy said Texans were "struggling" and claimed Republicans would seek to strip funding from the DHS this year. DHS has become a favorite target of the GOP, who blame the agency for what they see as missteps at the border. Roy's call also follows a recent trend of Republicans seeking to defund various agencies, such as the FBI.

“It’s critically important that the Rules Committee reflect the body and reflect the will of the people. “What we’re seeing is the incredibly shrinking speakership,” former House Speaker Nancy Pelosi said in an interview Friday. “The reason these people want to be on the Rules Committee is they want to screw things up for McCarthy. The message the leader received from his deal-making centrists: We can live with giving Freedom Caucus members committee slots but committee gavels are a “nonstarter.”“Nobody should get a chairmanship without earning it,” Bacon said. That pisses us off.”Díaz-Balart said he had received assurances that “there are no deals cut about chairmanships” to committees as part of swaying votes to make McCarthy speaker.

In the third round of voting on Tuesday, all 20 of the lawmakers defying Mr. McCarthy voted for Jim Jordan of Ohio instead. Mr. Jordan, who himself voted for Mr. McCarthy, is a founding member of the Freedom Caucus and has repeatedly cast doubt on the 2020 election. Nineteen Republicans did not support Mr. McCarthy on the first two votes, casting their ballots for others, including Mr. Biggs and Mr. Jordan. 1st Zeldin Jordan Jordan Luna , Fla. 13th Fla. 13th Jordan Jordan Jordan Miller , Ill. 15th Ill. 15th Jordan Jordan Jordan Norman , S.C. 5th S.C. 5th Biggs Jordan Jordan Ogles , Tenn. 5th Tenn. 5th Jordan Jordan Jordan Perry , Pa. 10th Pa. 10th Biggs Jordan Jordan Rosendale , Mont. 2nd Biggs Jordan Jordan Roy , Texas 21st Texas 21st Donalds Jordan Jordan Self , Texas 3rd Texas 3rd Jordan Jordan JordanLee Zeldin, a former representative from New York, received one vote (from Andy Harris of Maryland) on the first ballot.

☆ Billionaire Adani to control nearly 65% of NDTV as founders sell stake
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: +3 min

The husband-and-wife team will sell a 27.26% stake in NDTV to Adani-owned entity AMG Media Network and retain a combined 5%, regulatory filings by NDTV showed on Friday. "The AMG Media Network, after the recent open offer, is now the single largest shareholder in NDTV. Consequently, with mutual agreement we have decided to divest most of our shares in NDTV to the AMG Media Network," the founders said in a statement. Ravish Kumar, a senior executive editor of NDTV, resigned soon after Adani acquired the entity backed by NDTV's founders. Founded in 1988 and owned by the husband-and-wife team, NDTV had previously said that the move by Adani "was executed without any input from, conversation with, or consent of the NDTV founders".

☆ 71 years after starting college, this 90-year-old woman is graduating
▼ + stars: | 2022-12-11 | by ( Sara Smart | ) edition.cnn.com time to read: +4 min

CNN —A 90-year-old woman will finally walk across the stage and receive her diploma, 71 years after she first enrolled in college. Joyce DeFauw, then Joyce Viola Kane, started her freshman year at Northern Illinois University in 1951 with a plan to graduate with a degree in home economics. “I went to school for three and a half years, but decided to leave after I met him.” DeFauw said. Joyce DeFauw's student ID from 1951 with Northern Illinois University. When the Covid-19 pandemic began in 2020, she was thankful for the computer, Dooley said.

☆ Chinese hackers stole at least $20 million in US COVID-19 relief cash, the Secret Service says
▼ + stars: | 2022-12-07 | by ( Cheryl Teh | Huileng Tan | ) www.businessinsider.com time to read: +4 min

A Chinese hacker group stole at least $20 million from the US government, the Secret Service says. These funds were meant for COVID-19 relief, the Secret Service told NBC on Monday. The Secret Service says the hackers responsible are APT41, Chinese state-sponsored cybercriminals. A Secret Service spokesman told NBC News that APT41, a Chinese state-sponsored cyber criminal group, was responsible for stealing millions of dollars from the government coffers. Representatives for the Secret Service and the Chinese embassy in Washington did not immediately respond to Insider's requests for comment.

☆ Hackers linked to Chinese government stole millions in Covid benefits, Secret Service says
▼ + stars: | 2022-12-05 | by ( Sarah Fitzpatrick | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Kit-Ramgopal-Byline.Jpg | ) www.nbcnews.com time to read: +11 min

Hackers linked to the Chinese government stole at least $20 million in U.S. Covid relief benefits, including Small Business Administration loans and unemployment insurance funds in over a dozen states, according to the Secret Service. One senior Justice Department official called it “dangerous” and said it had serious national security implications. ‘The horse is out of the barn’As soon as state governments began disbursing Covid unemployment funds in 2020, cybercriminals began to siphon off a significant percentage. China’s targets include state governments, which can have inadequate cybersecurity defenses. “The state governments don’t allocate a lot of cyber protection money to their state I.T.

☆ GOP operative convicted of funneling Russian donation to Trump's 2016 campaign
▼ + stars: | 2022-11-18 | by ( Christina Wilkie | ) www.cnbc.com time to read: +2 min

In this Tuesday, Sept. 20, 2016, file photo, Jesse Benton arrives for his sentencing hearing at the federal courthouse in Des Moines, Iowa. WASHINGTON — A Republican political operative and former campaign aide was convicted in federal court this week of funneling $25,000 from a Russian businessman to Donald Trump's 2016 presidential campaign. The money for the donation originally came from Roman Vasilenko, a former Russian naval officer turned multilevel marketer and CEO of the "Life is Good International Business Academy." When Benton paid the Trump Victory committee for the ticket, he used his own credit card, pocketing the remaining $75,000 from Vasilenko. Thursday's conviction marks the second time that Benton has been found guilty of a campaign finance crime.

☆ Kevin Conroy, longtime voice of animated Batman, dies at 66
▼ + stars: | 2022-11-11 | by ( Scottie Andrew | ) edition.cnn.com time to read: +6 min

He played Batman in over 60 productions, according to DC (which shares parent company Warner Bros. His first and most enduring addition to the Batman canon is “Batman: The Animated Series,” which ran from 1992-1996, according to DC. To find the character, he turned to his Shakespearean training, saying he saw a bit of Hamlet in Bruce Wayne. One of the men he served recognized him, but a colleague didn’t believe that Conroy really was the voice of Batman. For many fans of Batman, Conroy was the first iteration of the Dark Knight they ever knew and loved.

☆ 'Succession' Season 4 teaser trailer promises more Roy drama
▼ + stars: | 2022-10-24 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —A new teaser trailer for the fourth season of “Succession” is short but delivers the drama. It also confirms when viewers can expect to see the new season of the HBO show. The teaser aired during the “House of the Dragon” Season 1 finale and had spring 2023 on the closing title card. New episodes of “Succession” will follow the Season 3 finale, which saw Logan Roy selling Waystar Royco with his kids unable to stop him. Elsewhere, we see battle lines drawn as other members of the Roy family and their allies deal with the fallout of Logan’s decisions.

☆ Rory McIlroy: 'Golf is ripping itself apart'
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +3 min

September 29 - Rory McIlroy finds himself in a field that includes several LIV Golf players at this week's Alfred Dunhill Links Championship in St. Andrews, Scotland, and once again, he didn't hesitate to express his thoughts on the Saudi-backed upstart circuit. You look at some other sports and what's happened and the game of golf is ripping itself apart right now," McIlroy said. I just think right now, with where everything is, it's probably not the right time." There's criteria there, everyone knows what they are and if they want to pivot to meet the criteria they can," McIlroy said. As for the PGA Tour and LIV making peace with each other, that seems unlikely to happen, at least as long as Jay Monahan is commissioner of the PGA Tour.

☆ Veterans group presses state and local prosecutors to go after far-right Patriot Front
▼ + stars: | 2022-09-20 | by ( Ryan J. Reilly | Ryan J. Reilly Is A Justice Reporter For Nbc News. | ) www.nbcnews.com time to read: +6 min

"We as veterans are tired of watching fascists run around, hurt people, and not be brought to justice. In July, group members marched in Boston, where no arrests were made. That same month, in Philadelphia, police detained but did not arrest members of the group after members of the public disrupted their march. Members of the Patriot Front attend the 49th annual March for Life rally Jan. 21, 2022, in Washington. He said he's hopeful his military and advocacy background will help prompt some prosecutorial movement against Patriot Front members.

☆ At Beirut exhibit, Lebanese explore their capital's past
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterSept 20 (Reuters) - Lebanese artists, journalists and researchers have created a multidisciplinary exhibition in the historic building of Beit Beirut, revisiting the past of the city and exploring their relationship with Beirut today. The director of the "Allo, Beirut?" Register now for FREE unlimited access to Reuters.com RegisterThe exhibit reconstructs some scenes of the Lebanese capital's pre-civil war days, alongside photos, videos, and art installations. "We want this space to belong to the people of Beirut... we wanted the exhibition, immersive, interactive, to feel you are included in it," said Darmency. Register now for FREE unlimited access to Reuters.com RegisterReporting by Emilie Madi and Yara Abi Nader; Writing by Aurora Ellis; Editing by Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

Evan Edwards told the officers they were headed to a conference in Texas, but he could not provide any specifics, according to the complaint. The scam and its unraveling stunned their neighbors as well as members of Evan Edwards’ extended family. “We knew we wanted to preach the gospel where it was not preached,” Evan Edwards said in a 2008 radio interview. Joy Edwards, Evan and Mary Jane Edwards, and Josh Edwards. The family moved back to Canada about 10 years ago, and Evan Edwards continued to preach, his cousin said.

☆ Made Men: A photo tour of the most notorious sites of New York Mafia history – and what they look like now
▼ + stars: | 2021-07-23 | by ( Andrew Lichtenstein | ) www.businessinsider.com time to read: +25 min

Andrew Lichtenstein for InsiderManhattan's Hell's Kitchen neighborhood, on the western edge of Midtown, got its name from its crowded tenements. On March, 13, 2019, Gambino family crime boss Frankie Cali was shot dead in the driveway outside his Todt Hill home. Andrew Lichtenstein for InsiderThe service road to the Belt Parkway runs through the northern edge of the Brighton Beach neighborhood. John Gotti's Family Home, Howard Beach, QueensThe home where John Gotti, the leader of the Gambino crime family. It's here that John Gotti, the leader of the Gambino crime family and thus the 'Godfather' of the American mafia, lived and raised his family.

Search resuls for: "Roy D"

23 mentions found