DIRS.INFO The most relevant business & tech news

“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.

☆ FA to investigate homophobic chanting at Man Utd v Everton game
▼ + stars: | 2023-01-07 | by ( ) www.reuters.com time to read: +2 min

Jan 7 (Reuters) - England's Football Association (FA) will investigate alleged homophobic chanting during Everton's 3-1 FA Cup third round loss at Manchester United on Friday. Some supporters were heard using homophobic language against Everton manager Frank Lampard, who previously played for and managed Chelsea, British media reports said. In a statement to British media, United said, "homophobia, like all forms of discrimination, has no place in football. Manchester United is proud of our diverse fan base and the work we have done to reduce instances like we sadly heard today." "The club has a zero-tolerance policy on all forms of discrimination and welcomes the statements from The FA and Manchester United," Everton said in a statement to Reuters.

Twitter accounts that offer to trade or sell child sexual abuse material under thinly veiled terms and hashtags have remained online for months, even after CEO Elon Musk said he would combat child exploitation on the platform. The tweets reviewed by NBC News offer to sell or trade content that is commonly known as child pornography or child sexual abuse material (CSAM). The tweets do not show CSAM, and NBC News did not view any CSAM in the course of reporting this article. The problem has been pervasive enough to catch the attention of some Twitter users. In 25 tweets, users tagged Musk using at least one of the major hashtags to alert him to the content.

☆ Take Five: Welcome to 2023
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +5 min

LONDON, Jan 6 (Reuters) - A potential shift by the world's most dovish major central bank, inflation pressures abating, a turn in the economic outlook and oil markets suffering their biggest tumble in decades: Welcome to 2023! 1/ EARNINGS AND INFLATIONThe week ahead brings a critical read into two key themes for Wall Street in 2023: the health of corporate profits and inflation. With crude oil volatility soaring, 2023 might be anything but plain sailing for producers and consumers alike. Barclays expects the UK economy to keep contracting until the end of the third quarter of 2023. It takes time for declines in market prices to filter through into household bills, but signs are positive for cash-strapped consumers and businesses.

WASHINGTON — Many House Republicans are furious with a band of far-right rebels who they say are holding the party hostage by repeatedly rejecting its nominee for speaker. The unwillingness of most House Republicans to cut a deal with Democrats to pick a speaker weakens their leverage in the showdown with a group of 20 right-wing lawmakers who want to defeat Rep. Kevin McCarthy, R-Calif., who is backed by 90% of the GOP caucus. As Bacon and other McCarthy allies dangle the possibility of a bipartisan speaker to secure the votes to make him speaker, the anti-McCarthy faction is calling their bluff. Rep. Bob Good, R-Va., who has voted against McCarthy all six times, said he doesn’t believe any Republicans would go around the House Freedom Caucus and team up with Democrats to pick a speaker. Democrats open door to consensus speakerSome Democrats say they’re open to negotiating a consensus speaker.

☆ Two classic books on long-term investing are out in new editions
▼ + stars: | 2023-01-05 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Two classic books on long-term investing are out in new editions. In December, the Wharton School's Jeremy Siegel published a new (6th) edition of his classic, Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long-Term Investment Strategies. Like Malkiel, Ellis urged investors to diversify into low-cost index fund investing, which was a radical idea because there were no low-cost index funds at the time! The market eventually caught up with Malkiel, Siegel, Ellis and Bogle. Investors now had not just an index fund, they had a low-cost, tax-efficient wrapper they could buy it in.

☆ Hong Kong to allow import of hamsters after year-long COVID ban
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +2 min

[1/2] Pedestrians walk past a closed pet shop in Mong Kok district after a hamster cull was ordered to curb the coronavirus disease (COVID-19) outbreak, in Hong Kong, China, January 19, 2022. The government aims to "resume commercial imports of hamsters around mid-January," it said in a statement to Reuters. In January 2022, Hong Kong ordered a hamster cull amid an outbreak of Delta variant cases in humans that was traced back to a pet shop worker in the Chinese special administrative region. Hong Kong's pet rodent clampdown had echoed the mainland's zero-tolerance approach to COVID-19. Little Boss, the operating company which owned the pet shop at the heart of Hong Kong's hamster cull last year, did not immediately respond to requests for comment.

☆ How to be a better investor in 2023
▼ + stars: | 2023-01-05 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

New York CNN —If you’re planning to invest your hard-earned money in stocks, bonds and other assets this year, let humility be your guide. In response, stocks and bonds, which typically don’t move in the same direction, moved down in tandem in 2022, with both ending the year deep in the red. Ignore the noiseWhether 2023 is great or awful for stocks — or, more likely, both at different times — that shouldn’t sway your investing decisions. Given recession concerns, Wilson noted that value stocks, which represent companies with strong fundamentals but are considered underpriced, tend to perform better during economic downturns. For those with a long time horizon and a high tolerance for risk, Wilson suggests looking for buying opportunities among stocks that have been hammered.

☆ Morocco complains of European parliament 'harassment' after graft probe
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +1 min

RABAT, Jan 5 (Reuters) - Morocco's ties with the European Union must be protected against harassment at the European parliament, foreign minister Nasser Bourita said on Thursday, following a European probe into graft allegations involving European lawmakers, Qatar and Morocco. "This partnership faces attacks in European institutions, notably at the parliament," Bourita added. Belgian authorities have charged four people linked to the European Parliament over allegations that Qatar lavished them with cash and gifts to influence decision-making. The European Union maintains a position of "zero tolerance" of corruption and will wait for the results of the decision of a judicial investigation into the case, he said. He said EU aid to Morocco would increase to 1.6 billion euros during 2021-2027 from 1.4 billion in 2014-2020.

☆ Raymond James sees clean energy stocks jumping 30% to 40% in 2023. Here are some favorite picks
▼ + stars: | 2023-01-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

The new year should bring a boost to clean energy stocks, according to Raymond James. Demand drivers vary around the world, but there is strength everywhere," Molchanov wrote. With that in mind, he upgraded two clean energy companies: Chart Industries to strong buy from market perform, and Maxeon Solar Technologies to outperform from market perform. Chart Industries joins names such as Bloom Energy and FTC Solar on Raymond James' strong buy list. The firm also upgraded NextEra Energy to market perform from underperform, but noted it is not enthusiastic about the stock at these levels.

Tax-loss harvesting, portfolio lines of credit, 529 college savings plans available Check mark icon A check mark. Competitive mobile and online offerings for digital investors and traders Check mark icon A check mark. Access to Certified Financial Planners at no additional charge Check mark icon A check mark. Low-cost, hands-off investment account that combines automated features with management from a team of human investment professionals Check mark icon A check mark. We compared nearly two dozen brokerages, placing heavy weighting on their advisory and trading fees, investment philosophy, investment options, and types of accounts available.

☆ India's utility vehicles sales rise in Dec, demand for entry-level cars muted
▼ + stars: | 2023-01-02 | by ( Nandan Mandayam | ) www.reuters.com time to read: +2 min

BENGALURU, Jan 2 (Reuters) - India's top automakers in December reported a double-digit rise in the sale of the more expensive utility vehicles, while entry-level cars saw muted demand despite discounts. Auto sales numbers are keenly watched as they are among the key indicators for assessing private consumption, which has more than 50% weightage in calculating the country's economic growth. Utility vehicles (UV), among the fastest-growing segments, saw a 22.3% rise in sales at Maruti Suzuki India (MRTI.NS) and 62.2% at Mahindra and Mahindra (MAHM.NS). Hero MotoCorp (HROM.NS), the world's largest bikemaker, reported a marginal fall in sales, while Bajaj Auto's (BAJA.NS) two-wheeler sales dropped 22%. The commercial vehicles (CV) segment reported a double-digit growth for December, with sales at industry leaders Eicher Motors (EICH.NS) and Ashok Leyland (ASOK.NS) rising 17.3% and 44.9%, respectively.

☆ China Dec manufacturing contracts sharply as COVID infections soar
▼ + stars: | 2022-12-31 | by ( ) www.reuters.com time to read: +3 min

The data offered the first official snapshot of the manufacturing sector after China removed the world's strictest COVID restrictions in early December. Weakening external demand on the back of growing global recession fears amid rising interest rates, inflation and the war in Ukraine may further slow China's exports, hurting its massive manufacturing sector and hampering the economic recovery. The official composite PMI, which combines manufacturing and services, declined to 42.6 from 47.1. The official manufacturing PMI largely focuses on big and state-owned firms. The private sector Caixin manufacturing PMI, which centres more on small firms and coastal regions, will be published on Jan. 3.

☆ How to Invest in Stocks
▼ + stars: | 2022-12-30 | by ( ) www.wsj.com time to read: +23 min

Set your time frameWhen you’re ready to invest in stocks, it’s natural to start by looking at how the stock market has performed recently. If you’re saving for the long-term: Invest in stocksOn the other hand, if you have a long-term financial goal—especially retirement, but any goal a decade or more out—you can afford to invest in the stock market. Decide how much risk to takeJust because you have time to invest in stocks doesn’t mean you have the stomach. Return Best Year Worst Year Years with a loss 100% Stocks 12.3% 54.2% -43.1% 25/96 80% Stocks 11.1% 45.4% -34.9% 24/96 60% Stocks 9.9% 36.7% -26.6% 22/96 40% Stocks 8.7% 35.9% -18.4% 19/96 20% Stocks 7.5% 40.7% -10.1% 16/96 100% Bonds 6.3% 45.5% -0.8% 20/96 VanguardStep 3. Most ETFs are index funds, meaning they merely aim to match the returns of a stock market index, although some target very narrow slices of the market, such as just tech stocks or just energy stocks.

☆ In recent years, investors have poured billions into the burgeoning region of central and eastern Europe. Here's why they're so excited about this startup hotbed.
▼ + stars: | 2022-12-30 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +4 min

VCs have flocked to central and eastern European startups for their efficiency and technical talent. Central and eastern Europe includes countries like the Czech Republic, Hungary, Slovenia, Romania, Russia, and Ukraine, according to the World Atlas. The promise of central and eastern Europe starts with a surplus of strong engineering talent, Vaswani said. "Eastern Europe is the former Communist Bloc, and during communism, one of the dangerous things for the communist regimes were humanistic subjects," Bartos said. Additionally, central and eastern European startups are often more capital-efficient due to lower personnel and living costs, an advantage that founders like Jendruszak have leveraged firsthand.

☆ This 28-year-old ex-stock trader became a self-made millionaire this year—her best money lessons for 2023
▼ + stars: | 2022-12-30 | by ( Jennifer Liu | ) www.cnbc.com time to read: +4 min

Looking ahead to 2023, Simmons says she's reassessing her risk tolerance and urging caution against uncertainty. It comes down to being intentional with how you spend your money, she says. For example, she's looked to Treasury securities, which are backed by the government, as a safer vehicle to park cash. And continue to work on your side hustles, whether to supplement your income or replace it if need be. And at the end of the day, you have to understand where you are willing to compromise on things."

☆ Thriving network of fixers preys on migrants crossing Mexico
▼ + stars: | 2022-12-29 | by ( Associated Press | ) www.nbcnews.com time to read: +23 min

With soaring numbers of people entering Mexico, a sprawling network of lawyers, fixers and middlemen has exploded in the country. Detained migrants stand in the outdoor area of the Siglo XXI Migrant Detention Center in Tapachula, Mexico, on Oct. 4. When the immigration agency was asked directly, via freedom of information requests, it said it was just one. An empanada vendor's stall advertises information, and immigration documents outside the main immigration office in Puebla, Mexico, on Sept. 23. By mid-December, the immigration agency suddenly announced the closing of the camp with no explanation.

☆ Explainer: How will Japan resolve shipping insurance for Russian LNG imports?
▼ + stars: | 2022-12-29 | by ( Yuka Obayashi | ) www.reuters.com time to read: +6 min

Japan's Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance and Mitsui Sumitomo Insurance told shipowners last week that from Jan. 1 they would stop offering insurance coverage for ship damage caused by war in Russian waters, because reinsurers were withdrawing coverage. Japan receives 9% of its imported LNG from Sakhalin-2, which is owned by Gazprom (GAZP.MM) and Japanese trading houses. Loss of supply from Sakhalin-2 could send Japanese power and gas utilities such as JERA and Tokyo Gas Co Ltd (9531.T) scrambling for alternatives. It has had to persuade G7 partners to give it leeway so it could keep importing Russian LNG, and after the Russian government decided in June to seize control of Sakhalin-2, Japanese trading houses had to agree to remain as shareholders of the new Russian operator. read more"The top priority now is to secure marine war insurance," a senior official at the industry ministry said.

☆ Israel's Netanyahu returns with hard-right cabinet set to expand settlements
▼ + stars: | 2022-12-29 | by ( ) www.cnbc.com time to read: +4 min

Benjamin Netanyahu was sworn in as Israel's prime minister again on Thursday. Benjamin Netanyahu was sworn in as Israel's prime minister again on Thursday in a comeback at the head of a hard-right cabinet that promises to expand Jewish settlements in the occupied West Bank and pursue other policies criticised at home and abroad. For Palestinians, Netanyahu's line-up has darkened an already bleak outlook, with violence surging and Jewish settlements set to expand in the West Bank - among territories where they hope to build a future state. This year has already seen some of the worst West Bank violence since 2015 as Israeli forces have cracked down on Palestinian unrest and militant attacks. Israel's president, Isaac Herzog, whose role is largely ceremonial, warned on Sunday against causing potential harm to individuals' rights.

☆ After a record-breaking 2021, European investors and founders are ready to take it slow
▼ + stars: | 2022-12-29 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +4 min

Our Big Tech team was constantly chasing the biggest stories, from alleged executive misconduct at Microsoft to injuries in Amazon warehouses. After a record-breaking 2021, European startups raised $16 billion in the third quarter — a 44% annual drop. The solo founder joined YC in January 2022, and has since raised millions from investors like Alexis Ohanian. The risk of debilitating muscle and joint injuries at Amazon warehouses is off the charts, workplace regulators have said. Amazon workers shared why they planned to vote against unionizing.

☆ As China abandons zero-Covid, what will the economy look like in 2023?
▼ + stars: | 2022-12-29 | by ( Laura He | ) edition.cnn.com time to read: +6 min

And with the global economy now facing significant challenges, including energy shortages, slowing growth and high inflation, China’s reopening could provide a much-needed and timely boost. China’s historic property downturn and a potential global recession could also cause more headaches in the new year, they added. They expect China’s economy to contract by 0.8% in the first quarter of 2023, before rebounding in the second quarter. Trade had powered much of China’s economic growth earlier this year, as exports were boosted by rising prices of the country’s goods and a weaker currency. “But a looming global recession means they probably have further to fall over the next few quarters.”

☆ Netanyahu set to retake power at head of far-right government
▼ + stars: | 2022-12-29 | by ( Maayan Lubell | ) www.reuters.com time to read: +3 min

[1/3] Israeli designate Prime Minister Benjamin Netanyahu attends a session at the plenum at the Knesset, Israel's parliament in Jerusalem December 28, 2022. Fending off criticism, Netanyahu has repeatedly pledged to promote tolerance and pursue peace. "We will establish a stable government for a full term that will take care of all Israel's citizens," Netanyahu said on Wednesday. Israel's longest serving leader, he was prime minister for three years in the 1990s and then from 2009-2021, albeit at times heading a caretaker government ahead of elections. Violence in the West Bank has surged this year.

☆ Investing Club Mailbag: Why trimming winners is key to keeping your portfolio diversified
▼ + stars: | 2022-12-28 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Instead, at the CNBC Investing Club with Jim Cramer, our team attempts to do so based on position size. Avoiding putting all your eggs in one basket is the reason we strive to construct a diversified portfolio in the first place. At the time of our Apple trim, no other position was appreciably above 5%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ What’s Your Savings Rate? These Banks Are Paying 10 Times the National Average
▼ + stars: | 2022-12-28 | by ( ) www.wsj.com time to read: +9 min

Savings accounts have followed suit, with many top accounts yielding 3%, or even 4%, up from less than 1% earlier this year. The average savings account still earns just 0.3%, according to the Federal Deposit Insurance Corp. Accordingly, the highest APYs you can expect to find on savings accounts today are clustered close to that figure. If your main priority is simply the best rate, some online banks with less name recognition are pushing the envelope even further. Leon says digital institutions tend to be among the most competitive in their rates for CDs as well as savings accounts.

In TV, the top 10 list ranges from the indefinable second season of “The White Lotus” to laugh-out-loud comedies and smoldering fantasy shows. “Catch the Fair One” is available on Hulu and various video-on-demand platforms. “Paris, 13th District” is available on Amazon Prime Video and various video-on-demand platforms. “Peter Von Kant” is available on various video-on-demand platforms. “Tár” is available on various video-on-demand platforms.

Search resuls for: "Tolerance"

25 mentions found