DIRS.INFO The most relevant business & tech news

Hudson will be one of the few female executives leading a major company in Australia, although rival carrier Virgin Australia also has a woman as its CEO, Jayne Hrdlicka. "I come with an understanding of this organization that is very deep," Hudson told reporters in her first news conference as CEO designate. "Vanessa has been market-facing as CFO since October 2019, which will have prepared her well for the very public role as Qantas CEO," RBC Capital Markets analyst Owen Birrell said in a note. Though men still account for far more top executive roles in Australian-listed companies, a growing number of high-profile CEO roles are occupied by women, including at the No. Qantas said Hudson would continue in her current role until taking over as Qantas' 13th CEO at the 2023 annual general meeting.

☆ India constructs world's highest railway bridge above Chenab River in Jammu and Kashmir region
▼ + stars: | 2023-05-02 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +5 min

CNN —India is now home to the world’s tallest railway bridge. Some 35 meters (over 10 feet) taller than the Eiffel Tower, the Chenab Bridge sits 359 meters (around 109 feet) above the Chenab River in India’s contentious Jammu and Kashmir region. The 1,315 meter-long (4,314 feet) bridge is part of a broader project to make the Kashmir Valley accessible by the Indian Railway network. In addition to the Chenab Bridge, the Udhampur-Srinagar-Baramulla Rail Link (USBRL) project involves what will become the country’s longest transportation tunnel and Indian Railways’ first cable bridge. “Once we will be connected by train with the rest of India, it will be a big boost to this industry, agriculture as well as fruit.”The Chenab bridge is part of efforts to link Kashmir with the rest of India.

☆ Barclays downgrades a string of retail stocks as its hopes for a V-shaped recovery fade
▼ + stars: | 2023-05-02 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +3 min

Consumers across all income levels are pulling back on spending, according to a Barclays Capital promotions tracker, prompting analyst Adrienne Yih to downgrade a host of retail stocks. However, Yih said, the pace of sales and discounting suggests that this scenario — a V-shaped recovery — is now less likely. FIGS 6M mountain Barclays downgraded Figs shares to underweight from equal weight. Figs shares shed 6%, Canada Goose fell more than 5% and Victoria's Secret was down more than 3%. CPRI YTD mountain Capri shares have fall 31% since the year started.

☆ Jared Leto wears giant 'Choupette' costume to Met Gala
▼ + stars: | 2023-05-02 | by ( Ben Kellerman | ) www.reuters.com time to read: +2 min

[1/4] Jared Leto, dressed as Karl Lagerfeld's cat Choupette, poses at the Met Gala, an annual fundraising gala held for the benefit of the Metropolitan Museum of Art's Costume Institute with this year's theme "Karl Lagerfeld: A Line of Beauty", in New York City, New York, U.S., May 1, 2023. The invitation-only Met Gala, famed for its A-list celebrities and extravagant outfits, is a benefit for New York’s Metropolitan Museum of Art and marks the opening of the Costume Institute’s annual fashion exhibit. “Karl loved romantic but he also loved something a little edgy and nasty,” said American fashion designer Michael Kors. Meta Gala co-chair Dua Lipa wore a vintage 1992 Chanel Haute Couture Fall cream tweed gown and paired it with a never before seen 100 karat Tiffany diamond necklace. Reporting by Ben Kellerman in New York; Writing by Doyinsola Oladipo in New York; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.

☆ ‘Super Mario Bros. Movie’ set to become 10th animated film to cross $1 billion at the global box office
▼ + stars: | 2023-04-30 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

CNN —Nearly one month after “The Super Mario Bros. Movie” premiered with an impressive opening weekend at the box office, the animated film is expected to hit another major milestone. The movie is set to cross $1 billion at the global box office on Sunday, according to a news release from Universal, continuing to break box office records as it remains in the No. “Super Mario Bros.” will become the 10th animated film in history to cross $1 billion, making it the 10th biggest animated movie of all time globally, beating out the $942.5 million that “Minions: The Rise of the Gru” grossed in 2019. “Super Mario Bros.” surpassed Marvel’s “Ant Man and the Wasp: Quantumania” at the time, which brought in $225.3 million globally during its February opening. “The Super Mario Bros. Movie” follows Brooklyn plumbers Mario and Luigi as they’re transported down a mysterious pipe while working underground to fix a water main.

☆ Biden set to address White House Correspondents Dinner
▼ + stars: | 2023-04-29 | by ( Maegan Vazquez | ) edition.cnn.com time to read: +9 min

But undoubtedly, a White House official told CNN, his speech will address the issue of wrongfully detained Americans abroad. US President George W. Bush, left, waves with impressionist Steve Bridges at the White House Correspondents' Dinner in 2006. Roger L. Wollenberg/Pool/Getty Images The White House Correspondents' Dinner is held in 1923. It was started two years earlier by the White House Correspondents' Association, the organization of journalists who cover the president. Roosevelt was congratulating Brandt for winning the first Raymond Clapper Memorial Award, which was given by the White House Correspondents' Association for distinguished reporting.

☆ A notorious market bear who called the 2000 and 2008 crashes says a 60% decline in the S&P 500 is likely as high valuations and weak investor sentiment create a 'trap door' scenario
▼ + stars: | 2023-04-29 | by ( William Edwards | ) www.businessinsider.com time to read: +7 min

The chart below shows how far the S&P 500 would have to fall to provide either a 10% return or 2% premium over Treasury bonds. He sees the S&P 500 finishing 2023 at around 3,150, he told YouTube channel Wealthion. Predicted in 2000 that the S&P 500 would likely see negative total returns over the following decade, which it did. Predicted in April 2007 that the S&P 500 could lose 40%, then it lost 55% in the subsequent collapse from 2007 to 2009. The S&P 500, by comparison, is up 0.8% over the past year.

☆ After a year of heavy losses, Ukraine's military is juggling a 'very uneven' force as it prepares for major fighting, expert says
▼ + stars: | 2023-04-28 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

Ukraine's military is gearing up for offensives against Russian forces in spring and summer. Mustafa Ciftci/Anadolu Agency via Getty ImagesWhen Russia invaded in February 2022, Ukraine's military had about 196,000 active personnel and 900,000 in reserve, according to the International Institute of Strategic Studies' 2022 Military Balance report. The Western approachAn instructor briefs Ukrainian soldiers at a training center near Yavoriv in April 2017. The training they provided accompanied other efforts by Kyiv to reverse two decades of post-Cold War decay that weakened the Ukrainian military. "This is a continuous struggle in the Ukrainian military," Kofman said.

☆ Deutsche Bank Reports Higher Profit in Tumultuous Quarter
▼ + stars: | 2023-04-27 | by ( Patricia Kowsmann | ) www.wsj.com time to read: 1 min

A Deutsche Bank branch in Berlin in March. Photo: Michael Kuenne/Zuma PressDeutsche Bank AG said its business held up well during March’s banking turmoil, with first-quarter profit rising 8% as it continued to benefit from rising interest rates. The performance of its bread-and-butter lending and deposit-taking business offset a weaker performance for its investment-banking operation, which continued to be hit by a drought in deal-making and capital raising by clients.

☆ MLB roundup: Zac Gallen extends scoreless run in D-backs' win
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +11 min

Arizona's Emmanuel Rivera had an RBI single among his two hits and scored a run. Evan Longoria also had an RBI single for the Diamondbacks, who won two of the three games in the series after losing four of their previous five contests. Padres 5, Cubs 3Fernando Tatis Jr. ripped a two-run single in the seventh inning to give San Diego the lead for good in its win in Chicago. Tatis added an insurance run with an RBI single in the ninth. Rodolfo Castro added a two-run single, and Bryan Reynolds, Andrew McCutchen and Ji Hwan Bae each had an RBI single for the Pirates.

☆ Ivanka Trump distanced herself from her family by hiring her own lawyer for an upcoming lawsuit against the Trump Organization: report
▼ + stars: | 2023-04-27 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Ivanka Trump has hired her own lawyer to represent her in an upcoming $250 million civil lawsuit, per Forbes. She ditched the attorneys representing her brothers — Donald Trump Jr. and Eric Trump. Shortly after the lawsuit was filed in September, the Trump brothers hired attorneys Clifford Robert and Michael Farina to represent them. The following month, Ivanka Trump also retained the attorneys to work alongside two Washington, D.C. lawyers, Reid Figel and Michael Kellogg, whom she had hired separately, per Forbes. Insider contacted Robert, Farina, Figel, Kellogg, Moskowitz, and the Trump Organization for comment but did not immediately receive responses.

The revision is likely to heighten concerns of foreign individuals, such as academic researchers or journalists, and businesses about visiting or operating in China. “Something like a local government budget you could broadly define as relating to national security, or even food security,” he said. “Researchers definitely need to be careful.”China says its laws related to national security and espionage are meant to safeguard the country. “Even with this amendment we still don’t understand what kind of document constitutes a national security issue,” he added. Chinese authorities did not offer details about both cases, including the reason for the crackdown, but analysts say the move is likely to further spook foreign businesses operating in China.

☆ Sam Altman is building his utopia, whether you want it or not
▼ + stars: | 2023-04-27 | by ( Melia Russell | Julia Black | ) www.businessinsider.com time to read: +41 min

Altman told Insider, "We debate our approach frequently and carefully." "I don't think anyone can lose your dad young and wish he didn't have more time with him," Altman told Insider. Altman told Insider that his thinking had evolved since those posts. (When asked about guns, Altman told Insider he'd been "happy to have one both times my home was broken into while I was there.") When asked about this, Altman told Insider in an email: "i can guess what that's about; these stories grow crazily inflated over the years of getting re-told!

☆ He's played chess with Peter Thiel, sparred with Elon Musk and once, supposedly, stopped a plane crash: Inside Sam Altman's world, where truth is stranger than fiction
▼ + stars: | 2023-04-27 | by ( Melia Russell | Julia Black | ) www.businessinsider.com time to read: +41 min

But, "you do at some point need to start having contact with reality," he told Insider. The plan was still only a rough sketch, Blania told Insider, but that didn't seem to matter to his host. "He always wanted to understand everything at a very deep level," Thrun told Insider in an email. (When asked about guns, Altman told Insider he'd been "happy to have one both times my home was broken into while I was there.") When asked about this, Altman told Insider in an email: "i can guess what that's about; these stories grow crazily inflated over the years of getting re-told!

☆ The Hottest U.S. Rental Markets
▼ + stars: | 2023-04-27 | by ( Michael Kolomatsky | ) www.nytimes.com time to read: +1 min

A new study by RentCafe ranked the popularity of the 150 largest U.S. markets by tracking four metrics in each: the availability of apartments, listing views, listings saved as favorites, and saved personalized searches. Kansas City, Mo., landed in second place, followed by Albuquerque. Though scattered around the country, these markets share important traits — they’re relatively inexpensive and have healthy economies, according to the report. Next up was Detroit, which trailed only Kansas City among Midwest markets. Listings saved as favorites in the Motor City grew by more than 400 percent over a year, and saved searches grew by 150 percent — signs of its revival.

☆ Watch CNBC's full interview with Piper Sandler's Michael Kantrowitz and Komal Sri-Kumar
▼ + stars: | 2023-04-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Piper Sandler's Michael Kantrowitz and Komal Sri-KumarMichael Kantrowitz, Piper Sandler chief investment strategist, and Komal Sri-Kumar, Sri-Kumar Global Strategies president, joins 'Power Lunch' to discuss the trajectory of the markets over the next six to eight months, why rising unemployment claims would be good for markets and much more.

☆ Stock market will be range bound until unemployment claims rise, says Piper Sandler's Kantrowitz
▼ + stars: | 2023-04-26 | 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 EmailStock market will be range bound until unemployment claims rise, says Piper Sandler's KantrowitzMichael Kantrowitz, Piper Sandler chief investment strategist, and Komal Sri-Kumar, Sri-Kumar Global Strategies president, joins 'Power Lunch' to discuss the trajectory of the markets over the next six to eight months, why rising unemployment claims would be good for markets and much more.

☆ Elon Musk's super-app ambitions might be a fool's errand
▼ + stars: | 2023-04-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Whether it's charging, or not charging, for blue check marks or blowing up mega-rockets, Elon Musk's businesses get plenty of scrutiny. Insider's Paige Hagy looked into Musk's plans around turning Twitter into a super app and spoke to industry experts about the strategy. A super app, or everything app, as Musk calls it, encompasses everything (no duh!) In short, if it's something you can do on your phone, you can do it on a super app. Click here to read more about Elon Musk's plans for creating an everything app.

☆ Russian troops and Wagner mercenaries killed each other in a shootout after blaming each other for their war failures, Ukrainian government says
▼ + stars: | 2023-04-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Russian and Wagner troops opened fire on each other in Luhansk over an argument, Ukraine says. The soldiers and mercenaries had been blaming each other for their mistakes in the war, per Ukraine. "As a result, a fight between Russian Armed Forces and PMC Wagner mercenaries broke out in the settlement of Stanytsia Luhanska recently." It's thus unclear whether the alleged firefight represents wider conflict or discipline issues among Russian forces on the frontline. However, multiple reports have documented Russian troops being plagued by friendly fire in Ukraine, though the Kremlin rarely acknowledges any of these incidents.

☆ Where is Goldman Sachs' David Solomon going on those private jets?
▼ + stars: | 2023-04-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Insider's Dakin Campbell compiled flight data on Goldman Sachs' two private planes from the beginning of 2022 through March of this year. Much of the focus on Goldman's jets, as Insider has previously reported, has been Solomon's personal use of them. If Goldman and Solomon are playing by the rules, why does it matter? And while I've written before about corporate jets being the scapegoat for excessive spending, that was moreso regarding business travel. Click here for all the details on where Goldman's two private planes have flown since 2022.

☆ Wall Street veteran Michael Klein is the latest casualty of the banking crisis
▼ + stars: | 2023-04-24 | by ( Carter Johnson | Kaja Whitehouse | ) www.businessinsider.com time to read: +1 min

Michael Klein was tapped last year as CEO of CS First Boston, Credit Suisse's investment banking spinoff. There's a new casualty of the banking crisis: Wall Street deals veteran Michael Klein. Credit Suisse and Klein "have mutually agreed to terminate the acquisition of The Klein Group," the company said in its first-quarter earnings announcement. It marks the latest blow for Credit Suisse's investment bankers. Here's everything you need to know about Klein and what the scuttling of the deal means for Credit Suisse's investment bankers.

☆ Western countries have scrambled to deliver billions of dollars of military gear to Ukraine. Getting it to the frontlines is a whole other problem.
▼ + stars: | 2023-04-23 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +7 min

For a military at war, it's a challenge to get the right gear to the right troops at the right time. Western countries have scrambled to deliver that gear to Ukraine, overcoming political debates and logistical hurdles, but getting it to the frontlines presents a whole other problem. Diego Herrera Carcedo/Anadolu Agency via Getty ImagesThe restricted operational environment makes Ukraine's logistics that much harder. Diego Herrera Carcedo/Anadolu Agency via Getty ImagesFurther complicating the situation is the fact that the Ukrainian military is a dynamic force. Many Ukrainian troops are also rotating through the US and European countries for training.

U.S. Bankruptcy Judge Michael Kaplan put most of the litigation temporarily on hold during a hearing in Trenton, New Jersey. J&J says it has broad support for a proposed $8.9 billion settlement, a contention disputed by lawyers representing tens of thousands of talc claimants who oppose it. “I have more questions than answers,” Kaplan said during a Thursday court hearing, referring to arguments made to him about the second bankruptcy case earlier this week. The judge halted roughly 38,000 talc lawsuits consolidated in a federal district court in New Jersey. With regard to other cases, he allowed them to proceed so long as no trials commence.

☆ Here are Thursday's biggest analyst calls: Tesla, Amazon, GE, Home Depot, Elanco, SeaWorld & more
▼ + stars: | 2023-04-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Goldman Sachs reiterates Tesla as buy Goldman says Tesla's earnings report on Wednesday was a "negative" but that it's standing by the stock. Bank of America reiterates Amazon as buy Bank of America says it's standing by Amazon heading into earnings next week. Bank of America upgrades WestRock to buy from neutral Bank of America said in its upgrade of the packaging solutions company that it sees "transformation benefits." Bank of America downgrades NetApp to underperform from neutral Bank of America said in its downgrade of the hybrid cloud data services company that it sees weaker demand. Morgan Stanley initiates SeaWorld as overweight Morgan Stanley said in its initiation of SeaWorld that it sees an attractive risk/reward.

☆ U.S. bankruptcy judge halts 40,000 Johnson & Johnson talc and cancer lawsuits
▼ + stars: | 2023-04-20 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

In this photo illustration, a container of Johnson and Johnson baby powder is displayed on April 05, 2023 in San Anselmo, California. A federal bankruptcy judge on Thursday halted roughly 40,000 lawsuits that allege Johnson & Johnson 's baby powder and other talc products caused cancer. Amid the ongoing legal fights, J&J has continued to deny the allegations that its talc products caused cancer. The suits allege J&J's talc products were contaminated with the carcinogen asbestos, which caused ovarian cancer in thousands of individuals. Some lawsuits link several deaths to J&J's talc products.

Search resuls for: "MICHAEL K"

25 mentions found