DIRS.INFO The most relevant business & tech news

☆ The biggest debate in tech
▼ + stars: | 2023-11-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at the tech industry's debate over whether AI poses a real threat to humanity. The big storyBig Tech's big lieAP Photo/Julia Nikhinson; Arantza Pena Popo/InsiderWant to get someone in tech riled up? The private event, which had an exclusive guest list, has been criticized for favoring Big Tech executives over actual AI experts. "When big tech companies, big startups, and powerful VCs start calling for regulation of their hottest new technology, something is very wrong," Alistair Barr, Insider's global tech editor, told me.

Persons: —, Heidi Klum's, Klum, Julia Nikhinson, Arantza Pena Popo, Andrew Ng, Ng, Big, BlackRock's Larry Fink, Spencer Platt, Elon Musk, Alistair Barr, It's, Alistair, Insider's Beatrice Nolan, Sam Bankman, Aaron Schwartz, Stanley Druckenmiller, Druckenmiller, Tyler Le, SBF, Wendy Lee, Alba Santaliestra, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Fed, Tech, Google, Australian Financial, Big Tech, Getty Images Tech, Wired, Xinhua, Getty, Market, Apple, YouTubers, YouTube, Mexico City Locations: Israel, Muertos, Mexico, New York City, San Diego, London, New York

☆ The warped financial logic fueling America’s ‘doom loop’
▼ + stars: | 2023-10-31 | by ( Adam Rogers | ) www.businessinsider.com time to read: +11 min

Well, when a landlord doesn't lower the rent to get a new retail tenant, it's because that landlord can't. They're free to renegotiate or refinance the terms of mortgages, given the extraordinary downturn facing retail storefronts. And the future will be full of even higher vacancy rates, higher interest rates, and lower rents. Retail rents have flattened, she says, but the construction of retail space has not. Still, from an urban-planning standpoint, the way we finance retail space makes no sense.

Persons: You've, apocalypses, that's, It's, David Greensfelder, Greensfelder, Banks, what's, —, Larisa Ortiz, Ortiz, Justin Sullivan, Lorenzo Perez, I've, Rachel Meltzer, Kazuko Morgan, Perez, Culdesac, Something's, Meltzer, Adam Rogers Organizations: McKinsey & Company, Verizon, Republics, Harvard Locations: America, Urban, Manhattan, San Francisco, Market, vaya, What's, Phoenix, That's, LA, New York, Wakefield, Tempe , Arizona

☆ In the Market: Treasury market braces for seismic SEC rule
▼ + stars: | 2023-10-30 | by ( Paritosh Bansal | Thomson Reuters | Paritosh Oversees The Work Of More Than Journalists Across The Globe Who Write About Finance | ) www.reuters.com time to read: +6 min

SIFMA, which has lobbied the SEC, expects the final rule next month, ahead of a Treasury market conference on Nov. 16. The SEC rule would be the most significant regulation so far to come out of that review. There is broad consensus on the need for Treasury market reform, including the benefits of central clearing -- even among the industry sources interviewed for this article. "It is going to improve financing and reduce the risks for turmoil in the U.S. Treasury market," said Yiming Ma, an associate professor at Columbia Business School. The SEC rule would force the banks to move that to central clearing.

Persons: Andrew Kelly, JPMorgan Chase, ”, Rob Toomey, SIFMA's, Gary Gensler, Banks, Ma, SIFMA, Toomey, Paritosh Bansal, Anna Driver Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Treasury, SEC, JPMorgan, Bank of New York Mellon, Federal Reserve, U.S . Treasury, Columbia Business School, Depository Trust, Clearing Corp, Thomson Locations: Washington ,, U.S

☆ The NBA is shooting for a new media rights deal worth up to $60 billion, nearly triple its previous pact, that will pay teams and players millions more
▼ + stars: | 2023-10-27 | by ( James Faris | Margaret Fleming | ) www.businessinsider.com time to read: +11 min

Media analysts widely expect the league to select at least three distributors for its next media rights deal after the current setup expires in 2025. Comcast's NBCUniversal could be a frontrunner for a spot in the NBA's new media deal alongside Amazon, Nispel said. NBA players could be poised to earn sky-high paydaysThe NBA's last media deal — the $24 billion contract it struck in 2014 — was nearly triple the value of its previous pact. The pressure is now on the NBA to deliver a media deal that satisfies teams, athletes, and fans. Still, Macquarie media analyst Tim Nollen is optimistic about the size of the NBA's next media rights deal.

Persons: Jessica Reif Ehrlich, disruptors, Brandon Nispel, Nispel, —, Shirin Malkani, who's, Perkins, Leron Rogers, that's, Mark Patricof, Tim Nollen, Nollen, Reif Ehrlich, Ehrlich Organizations: NBA, Media, ESPN, Warner Bros, TNT, Disney, Apple, NBC, Comcast, Wall Street, Bank of America, NFL, MLB, NHL, KeyBanc Capital, Amazon, Flagship, ABC, Prime, Industry, Patricof, Macquarie, Diamond Sports

☆ Wall Street's dream scenario is dead
▼ + stars: | 2023-10-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +8 min

Wall Street's vision of a Goldilocks scenario for the stock market and economy is unraveling. AdvertisementAdvertisementWall Street's dream of a Goldilocks scenario for the stock market and economy is probably dead. Interest rates soared. As painful as inflation and higher interest rates were, the economy remained resilient as consumers held onto their jobs and kept swiping their credit cards. It has to acknowledge that interest rates are now sufficiently restrictive, and decide that it's next monetary policy move isn't an interest rate hike, but rather a pause, and then a cut.

Persons: —, it's, Jerome Powell, Powell's, Powell, Buckle, Greg Daco, Something's, Kevin O'Leary, we've, Wharton, Jeremy Siegel, Mary Daly, Raphael Bostic Organizations: Service, Treasury, Valley Bank, Bloomberg, CNBC Locations: America

Wallace moved up three spots to ninth in the standings, still one below the cutoff line when this round is done. Byron finished 1.863 seconds ahead of Chastain for his sixth win of the season, the most in the Cup series. For the first time since Texas opened in 1997, the race wasn't scheduled for 501 miles, and was 100 miles shorter. He finished only 73 laps and was 34th in the 36-car field, dropping from sixth to 12th in the playoff standings. Blaney and Buescher finished second and third in that race that had 57 lead changes among 21 drivers.

Persons: — William Byron, Texas Motor Speedway, Bubba Wallace, Chase Briscoe, Byron, Wallace, Ross Chastain, Chastain, Kyle Larson, Wallace hadn't, Larson, Ryan Blaney, Tyler Reddick, Hendrick, Denny Hamlin, Joe Gibbs, Ty Gibbs, Chris Bueshcher, Christopher Bell, BUSCH, Kyle Busch, didn't, Richard Childress, “, Something's, it's, ” Busch, Busch, Austin Dillon’s, Todd Gilliland, Ford, Blaney, Buescher Organizations: Texas Motor, NASCAR, Hendrick Motorsports, Texas, Chevrolet, Talladega, Richard Childress Racing Chevrolet, Talladega Superspeedway Locations: Texas, Charlotte

☆ Best Budgeting Tips for a Big Family With Lots of Kids
▼ + stars: | 2023-09-19 | by ( Jamie Killin | ) www.businessinsider.com time to read: +7 min

She says having a big family is like a birthday party where the guests never leave. People always compare large families to reality-TV stereotypesWhen people hear we're a large family, they immediately compare us to the Duggars, but that's a negative stereotype of big families. Moms of large families are often seen as supermoms, but we have hard days just like everybody else and need help sometimes. Having a big family is like hosting a birthday party every dayHaving a large family is like hosting a birthday party every day. We'd owned our home in Virginia for 16 years, so we hadn't thought about the bias we would face as a large family trying to rent.

Persons: Jane Brosseau, Brosseau, I'm, It's, I've, it's, We're, Fred Meyer, We've, we've Organizations: Service, Walmart, Costco, Facebook Locations: Wall, Silicon, Washington, Northern Virginia, Virginia, East

CNN —Demolition of the Los Angeles area home where Marilyn Monroe spent her last months has been put on hold by Los Angeles City Council, following a last-minute motion aimed at designating the house a Historic-Cultural Monument. Baron/Hulton Archive/Getty Images Norma Jeane Mortenson, who later changed her name to Marilyn Monroe, was born in 1926 in Los Angeles. Hulton Archive/Getty Images She was in several movies in 1950, including "The Asphalt Jungle" and "All About Eve." Hulton Archive/Getty Images Monroe wins a trophy at the "Star Of Tomorrow" Awards in Los Angeles in 1952. Bettmann Archive/Getty Images Monroe and former Yankees baseball player Joe DiMaggio leave city hall after their wedding.

Persons: Marilyn Monroe, Traci, Baron, Norma Jeane Mortenson, Gladys Baker, Marilyn, Claudette Colbert, Monroe, Jim Dougherty, Grace McKee, Grace, Michael Ochs, Norma Jeane, Emmeline Snively, Richard C, Miller, Donaldson, they're, Ben Lyons, Lyon, Theisen, he'd, Mira Sorvino, Frank Cronenweth, Peggy Martin, Shutterstock Monroe, Phil Moore, J R, she's, Johnny Hyde, Nancy Lee Andrews, you'll, Earl Leaf, Ray Anthony Band, Shutterstock, David Wayne, Christina Newland ., Kardashian, Amber Tamblyn, Alfred Eisenstaedt, Jane Russell, Joe DiMaggio, Amy Greene, Monroe's, Matty Zimmerman, DiMaggio, Joe, it's, Ella Fitzgerald, that's Ella Fitzgerald, Ed Feingersh, Elizabeth Winder, Ellen Burstyn, Arthur Miller, ullstein, He's, Harold Clements, Queen Elizabeth II, Laurence Olivier, Sugar Kane, Billy Wilder, I'm, Christina Newland, John F, Kennedy, Robert Kennedy, It's, Cecil W, Marilyn Monroe's, ”, “ Organizations: CNN, Los Angeles City Council, Department of Building, Safety, Hulton, Michael Ochs Archives, Model Agency, Century Fox, Columbia Pictures, Columbia, West Hollywood, Photoplay, Getty, Gentlemen, Fox, Hollywood, Bettmann, Yankees, US, Tiffany Club, New York, Grand Central, Queen, Royal, Daily Herald, Stoughton, Alamy, Los Angeles City, Historic Resources Locations: Los Angeles, Brentwood, Monroe, West Virginia, Columbia, Warrenburg , New York, American, Hollywood, Korea, York, New York, California, Hollywood , California, New, Grand, London, England, Polyclinic, Madison

☆ There are 2 big catalysts that could spark a stock market rally this week, according to Fundstrat
▼ + stars: | 2023-08-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Investors should expect a stock market rally this week amid two big catalysts, according to Fundstrat's Tom Lee. Lee expects solid earnings from Nvidia and dovish comments from Fed Chair Jerome Powell at Jackson Hole. "I think the Fed might be worried something's going to break" amid a renewed surge in interest rates, Lee said. The key will be the direction of interest rates but we see positive catalysts emerging at the end of this week," Lee said. The second catalyst investors should watch this week is Fed Chair Jerome Powell's speech at Jackson Hole on Friday, which comes amid a renewed surge in interest rates.

Persons: Tom Lee, Lee, Jerome Powell, Jackson, Jerome Powell's, Powell Organizations: Nvidia, Service, Federal, Bank Locations: Wall, Silicon, China

☆ I spent a day training to be a chauffeur for the rich and famous with a luxury ride-hailing app. I learned about the importance of the correct kind of socks, and why to wear a clip-on tie.
▼ + stars: | 2023-08-20 | by ( Pete Syme | ) www.businessinsider.com time to read: 1 min

Ricky also told us to write down a list of word-swaps. Greetings are always like "good morning, sir," and affirmatives are "certainly" instead of "yeah." Chauffeurs are taught not to say no to a request, so if something's impossible, they'll instead politely suggest alternatives — like pulling over so a passenger can smoke because it's illegal to do so in the vehicle. The Chauffeur Academy, Courtesy of Wheely

Persons: Ricky, they'll

☆ You can live like a coastal grandmother in Diane Sawyer's 20-acre Martha's Vineyard estate for $24 million — see inside
▼ + stars: | 2023-08-19 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: 1 min

The coastal grandmother aesthetic started as a TikTok trend, and has been all the rage since last summer. It's inspired in large part by Diane Keaton's character in the Nancy Meyers movie "Something's Gotta Give." Diane Keaton in the Nancy Meyers movie "Something's Gotta Give." Warner Bros. Pictures/Columbia PicturesThe coastal grandmother trend is defined by light-filled, bright interiors; neutral colors; beaches; and florals. Fans of Nancy Meyers movies including "The Holiday" and "It's Complicated," which are often praised for the aspirational homes they depict, may be particularly drawn to the property.

Persons: It's, Diane Keaton's, Nancy Meyers, Diane Keaton Organizations: Warner Bros . Pictures, Columbia

☆ Walgreens' HR chief says leaders need to 'take the wall down' and be open about themselves at work
▼ + stars: | 2023-08-14 | by ( Josée Rose | ) www.businessinsider.com time to read: +15 min

May told Insider that being open about the challenges you're facing can make you a better leader. Leaders need to "take the wall down" so those under them can say what they need to perform best. Insider recently asked May about her work in HR and meeting the needs of the company's large employee base. But you also need to work for companies with leaders that really understand the challenges. But I think employers need to keep top of mind the needs of their people.

Persons: Holly, she's, they're, They've, —, It's, I've, I'm, Roz, Rosalind Brewer, COVID, we've, Steven Senne, We're, We've, Gen Zers, you'll Organizations: Walgreens Boots Alliance, May, Service, Abercrombie & Fitch, Starbucks, Visa, Walgreens, Mental Health, Sundance, WBA Locations: Wall, Silicon, COVID, ESG, Georgia, America

☆ Cramer disagrees with recent analyst downgrade of PepsiCo, says the company likely hasn't hit the top
▼ + stars: | 2023-07-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Cramer said he is impressed with PepsiCo CEO Ramon Laguarta, who he said was able to raise the company's growth rate when few thought it would be possible. It now trades for nearly double that price, and Cramer envisions a possible PepsiCo takeover of the company. "This is no longer the old Pepsi or Frito Lay: The company's done a remarkable job building brand equity. It's no longer, per se, a buyback machine — It's a machine that pours money into global growth markets," Cramer said. "Ramon Laguarta is a fantastic manager who's doing amazing things with Pepsi and Frito Lay that even bulls like me never thought possible."

Persons: CNBC's Jim Cramer, Morgan Stanley's, Cramer, you'd, Ramon Laguarta, who's Organizations: PepsiCo, Pepsi, Frito

☆ This man set up a removals business with a mini Kei truck that cost just $4,500 – but a new mirror and wiper set him back $600
▼ + stars: | 2023-07-09 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

A Kei truck owner plans to give up his mini pickup as it's too hard and costly to find spare parts. Craig Disbrow's modified Kei truck without covers on the back. He estimates he spent another $3,000 turning it into a mini removal van. It's been enough to make Disbrow begrudgingly plan to give up the Kei truck and find something more common, he said. Do you own a Kei truck and have had problems too?

Persons: Craig Disbrow, Bongo, Kei, he'd, Disbrow, Craig Disbrow's, they're, didn't, It's Organizations: Morning Locations: New York City, North Carolina, New York, America

☆ This New Yorker says he loves his mini Kei truck, but plans to give it up because finding spare parts is so hard
▼ + stars: | 2023-06-25 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

A Kei truck owner plans to give up his mini pickup as it's too hard and costly to find spare parts. He said he fell in love with the mini Japanese "Kei" truck, but the unexpectedly high costs of replacing broken parts means he's reluctantly planning to give it up. Disbrow's modified Kei truck without covers on the back. He estimates he spent another $3,000 turning it into a mini removal van. It's been enough to make Disbrow begrudgingly plan to give up the Kei truck and find something more common, he said.

Persons: Craig Disbrow, Bongo, Kei, he'd, Disbrow, they're, didn't, It's Organizations: Morning Locations: New York City, North Carolina, New York, America

☆ 42-year-old turned $175,000 into a Pilates company—then sold it for $88.4 million: 'I put every dollar I had' into it
▼ + stars: | 2023-06-23 | by ( Megan Sauer | ) www.cnbc.com time to read: +6 min

Mahlum wagered everything to start Solidcore, a Washington D.C.-based company that brands itself as "Pilates core workouts redefined." Seven months later, she threw all her savings — $175,000 worth — into launching her own version of the company. She also raised $5 million from family and friends, leaving her with 80% of the startup's equity, she adds. CNBC Make It: What convinced you to pour your life savings into a Pilates business after a single workout? But I had a realization: If I take this money, all I'm communicating is that I'm doubting myself.

Persons: wasn't, she'd, —, Anne Mahlum, Solidcore, Mahlum, Adams Morgan, Larry Solomon —, I'd, Warren Buffett Organizations: Washington D.C, Global Health, Fitness, CNBC, Kohlberg, Company Locations: Washington, Philadelphia, New York City, Adams

☆ Gen Z is drinking less. That's bad news for concert venues that depend on alcohol sales for profits.
▼ + stars: | 2023-06-10 | by ( Brad Davis | ) www.businessinsider.com time to read: +4 min

That's worrying concert venues that depend on alcohol sales for their profits, Billboard reported. "Bar sales are important for every music venue, but especially for smaller ones," a talent agent told the magazine. That's because alcohol sales help keep the lights on at clubs around the country. David Slutes, who runs a venue called Club Congress in Tuscon, Arizona, said that he'd noticed alcohol sales had dropped up to 25% when booking shows for a Gen Z-focused crowd. Some venues told the magazine they're experimenting with renting out their facilities for more private events to make up for lost revenue.

Persons: Z'ers, —, it's, Evan Johnson, Daydream, David Slutes, he'd, Z, Dayna Frank, Nielsen Organizations: Gallup, Billboard, Service, Daydream State, Nielsen Locations: Seattle, Tuscon , Arizona

☆ 11 slang terms you'll only hear in prison, according to correctional officers
▼ + stars: | 2023-06-01 | by ( Jenny Powers | ) www.businessinsider.com time to read: +7 min

Insider spoke to former correctional officers about the slang terms used to do their jobs. Correctional officers, like professionals in a variety of industries and fields, use specific terminology to describe their on-the-job routine and duties. It's also crucial for prison officers to have an understanding of the lingo used by inmates. Insider spoke to several former officers who shared some of the slang terms used within the confines of prison walls — along with their definitions. Bean hole/Bean slotA bean hole — also known as a bean slot — is the metal opening in the prison cell door.

Persons: it's, —, It's, Vargas, they're, Ralph Ortiz, We'd, Vargas D, Bean, chow, Bobby M, Ortiz, they've Organizations: Service, Correctional Locations: —, Rikers

☆ Gamblers are paying more money and winning less in Las Vegas casinos – here's why
▼ + stars: | 2023-05-29 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Casinos on the Las Vegas Strip are making changes to attract "higher value customers," WSJ reports. Blackjack players on the Strip are paying more to gamble and winning less. In 2022, blackjack players lost $1 billion at the tables on the Strip, according to Nevada state data. Casino execs say it's all a part of a plan to attract "higher value customers." "You're bringing in higher value customers, and we're already full," Tom Reeg, Caesars Entertainment CEO, told Wall Street analysts.

☆ The manager behind an award-winning fund that's beaten 99% of peers over 5 years shares the investing strategy that's brought him so much success — and 6 ways he's investing now
▼ + stars: | 2023-05-19 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

But instead of basking in the success and recognition he's received recently, Miller told Insider that he's most excited about the outside-the-box investing strategy that he's concocted. Become a champion investor by playing defense — and making these 6 movesThe investing strategy Miller uses is related to an old sports adage: offense sells tickets, but defense wins championships. The defensive component of Miller's fund is more sophisticated. Currently, Miller's fund is following this method by selling bond futures contracts, which is a hedge against higher interest rates. If Markowitz saw Miller's fund, he may be proud.

☆ The tech boom created billionaires and 'a whole lot of really poor, unhappy people,' says prolific author Douglas Rushkoff
▼ + stars: | 2023-05-15 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

Writer and documentarian Douglas Rushkoff has changed his thinking on the digital boom, he told Wired. Rushkoff, who now teaches, said the digital economy made billionaires, but also "poor, unhappy people." He told his students he was "excited" in the 1990s about the possibilities of the digital economy. Despite the optimism for the potentials of the digital economy he had decades ago, Rushkoff has changed his thinking, Wired reports. He also told Wired that he's "come to see these technologies as intrinsically antihuman."

☆ Big tech is still the hope in a sideways stock market
▼ + stars: | 2023-05-15 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

With the S & P 500 down 1% this month, and essentially flat for the quarter, the best you can say is that the overall trend has moved from down in 2022 to mostly sideways in 2023. Lowry, the nation's oldest technical analysis service, has taken to calling the rally in tech "the mega-cap mirage." Lowry noted over the weekend that "core indicators of market health have demonstrated significant deterioration from the early February market high through recent days." Even as the S & P 500 was near a new rally high for the year recently, the S & P Midcap 400 and S & P Smallcap 600 were 12% and 17% below their February 2nd highs last week. Only 46% of S & P 500 stocks are above their 200-day moving averages, hardly a sign of broad market strength.

☆ Inside Canada's polar bear 'jail' where bears go without food and are kept behind bars — but it's not what you might think
▼ + stars: | 2023-05-13 | by ( Crystal Raypole | ) www.businessinsider.com time to read: +10 min

The town's Polar Bear Holding Facility, aka "jail", helps bears and humans live harmoniously. It's the only town in the world where people and polar bears live in close proximity — and the only town that has a polar bear "jail", aka the Polar Bear Holding Facility. Humans generally don't make up part of a polar bear's diet, but a starving bear won't be picky. Its second main goal is protecting polar bears, currently classified as a vulnerable species. What to do if you encounter a polar bearA polar bear on one of the last shards of ice in Hudson Bay.

[1/5] Local residents are seen a during an evacuation effort at a bus station in the outskirts of Kherson, Ukraine May 4, 2023. Fil was one of dozens of Kherson residents who headed to the local bus station to catch minibuses out of the city where at least 23 civilians were killed on Wednesday in attacks that hit a train station, a hypermarket and residential buildings. Kherson residents have lived under almost constant Russian fire since Ukrainian forces forced Moscow's troops to retreat from the city in November after nearly eight months occupation. After first leaving in November, Fil went back to Kherson in early April from Odesa, where she was returning on Thursday. Nataliya Boiko, 67, had just returned to Kherson to check on her apartment and water her plants.

☆ I make almost $5,000 a month renting out clothes online I hardly wear. It only takes a few hours a day — here's how I got started.
▼ + stars: | 2023-05-02 | by ( Lola Christina Alao | ) www.businessinsider.com time to read: +7 min

I'm a size 14 and most of the clothes were in a size 8 or a size 10. It's become one of my most popular items. I started with a portfolio of around 20 items from my closet that I was happy to rent out. I'd love to wear them myself, but as a full-time mom, I don't do enough to wear these types of clothes. On Hurr, I rent items out for four days, and on By Rotation, I rent them out for three days.

Search resuls for: "Something's"

25 mentions found