DIRS.INFO The most relevant business & tech news

☆ Ukraine's offensive is bearing down on Russian forces, but Chinese artillery could still bail Moscow out
▼ + stars: | 2023-08-02 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

The Russian military relies on artillery to compensate for other battlefield shortcomings. But its heavy use of artillery in Ukraine could outstrip its ability to make new shells and cannons. The commander of Russia's 58th Army in Ukraine was recently relieved after complaining about the state of Russian artillery, including "the lack of counter-battery fire" and "lack of artillery reconnaissance stations." Chinese artillery troops during a live-fire test in Anhui Province in October 2021. Chinese support could mean the difference between victory and defeat for Russia, but salvation from Beijing may be a long time coming.

Persons: Mao, ANDREY KRONBERG, People's Liberation Army —, China's, Vladimir Putin, Xi Jinping, Dmitri Lovetsky, Xi, Beijing hasn't Organizations: Service, War, Artillery, Royal United Services Institute, Getty, Army, Russia, Publishing, People's Liberation Army, Foreign Ministry, Ukraine, Reuters, China's Locations: Ukraine, Russia, Wall, Silicon, Kyiv, Iran, North Korea, China, British, Volgograd, AFP, Moscow, Anhui Province, St . Petersburg, Beijing, Western, Taiwan, Europe, cynically, Central Asia

☆ Typhoon Doksuri and Khanun: Thousands in China flee homes as one soaks Beijing and the second approaches Typhoon Doksuri lashes Beijing and floods parts of China, while another storm approaches
▼ + stars: | 2023-07-31 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +6 min

A civilian rescue team help flood-stranded people onto a rubber boat in Quanzhou in southeast China's Fujian province on July 29, 2023. Even as Doksuri tapers off, authorities are preparing for incoming Khanun, the sixth typhoon projected to hit China this year. This weekend, a total of 1,015 people suffered heat-related diseases, which the KDCA defines as heat stroke, heat exhaustion, heat cramps, heat syncope and heat edema. The city of Gyeongju saw temperatures reach 36.8 degrees Celsius (98.24 Fahrenheit) and Jeongseon county saw temperatures reach 36.1 Celsius (96.98 Fahrenheit), according to the Korea Meteorological Administration. Seoul’s affluent Gangnam district saw temperatures reach to 35.7 degrees Celsius (around 96.2 Fahrenheit), while North Gyeongsang Province saw temperatures reach 38.1 degrees Celsius (100.58 degrees Fahrenheit).

Persons: Doksuri, hurtled, Saomi, Rita, Khanun Organizations: CNN, CCTV, Xinhua, China Meteorological Administration, Xinhua News Agency, Getty, CNN Weather, Joint Typhoon Warning, South Korea swelters, Korea Disease Control, Prevention Agency, Korea Meteorological Administration Locations: Beijing, China, Fujian, Liaoning, Hebei, Quanzhou, China's Fujian, Philippines, Taiwan, Zaozhuang, China's Shandong, Zhejiang, Okinawa, East, Naha, Miyako, Asia Asia, South Korea, Korea, Gyeongju, Jeongseon, Gangnam, North Gyeongsang Province

“I don’t necessarily need a higher paid job or a better life,” she added. College graduates looking for jobs at a fair in central China's Hubei province on July 20. A growing trendOn Douban, about 4,000 members of a group called “full-time children’s work communication center” discuss topics related to their daily “working” lives. By contrast, today’s “professional” children spend time with parents and do housework in exchange for financial support. In addition to her family duties, she’s busy applying for government jobs and taking exams for graduate school.

Persons: Litsky Li, Li, ”, “, headwinds, Zhang Dandan, ” hashtag, somethings, today’s, ’, Fang Xu, Nancy Chen, she’s, Chen, hasn’t, It’s, George Magnus, Magnus Organizations: Hong Kong CNN, College, CNN, Peking University, University of California, China News Service, Harvard University, China Centre, Oxford University, SOAS University of London Locations: Hong Kong, Luoyang, China's Hubei, Beijing, ”, China, University of California Berkeley, Jiangxi, Wanshou, China's Jiangxi

☆ Goldman joins Wall Street banks in cutting China's growth outlook as post-Covid bounce fades
▼ + stars: | 2023-06-19 | by ( Jihye Lee | ) www.cnbc.com time to read: +3 min

(Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty ImagesGoldman Sachs became the latest Wall Street bank to downgrade its growth forecast for China, as the world's second-largest economy stutters and loses momentum after its coronavirus reopening. "With the reopening boost quickly fading, medium-term challenges such as demographics, the multi-year property downturn, local government implicit debt problems, and geopolitical tensions may start to become more important in China's growth outlook," they said. Stock Chart Icon Stock chart iconUBS also sees continued weakness in China's economy ahead, particularly focusing on the second quarter of the year. Wang noted that uncertainty in China's property sector remains a central risk to its forecast and could bring its growth outlook even lower. "Risks to our forecast is slightly biased towards the downside, mainly from uncertainties in property market and path of property policy support ahead, as well as weaker external demand," she said.

Persons: Goldman Sachs, Chief China Economist Hui Shan, Wang Tao, Wang Organizations: Getty, Nurphoto, Chief China Economist, UBS, Bank of America, JPMorgan, U.S, People's Bank of, Federal, UBS Investment Bank's Locations: Nanjing, East China's Jiangsu Province, China, People's Bank of China, saar

☆ Alibaba founder Jack Ma is 'alive' and 'happy,' top exec says after China's tech crackdown
▼ + stars: | 2023-06-16 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

In this article BABABABA Follow your favorite stocks CREATE FREE ACCOUNTAlibaba founder Jack Ma is "happy," according to the company's President Michael Evans. Costfoto | Future Publishing | Getty ImagesPARIS — Alibaba founder Jack Ma is "alive" and "happy," the Chinese e-commerce giant's president said Thursday, after speculation continues about the billionaire's activities following Beijing's intense crackdown on his tech empire. He's well, he's happy. He's teaching at a university in Tokyo, spending more time in China," Alibaba President Michael Evans said at the Viva Tech conference in Paris. He cares ... as much about this company today, as he did when he started, and I expect that that will continue for as long as Alibaba and Jack Ma are here.

Persons: BABA BABA, Jack Ma, Michael Evans, Te, Alibaba, Jack, Ma, Maurice Levy Organizations: Getty, PARIS, Viva Tech, Ant Locations: Tokyo, China, Paris, Beijing

☆ China's internet giants bet big on A.I. as Beijing looks to rival U.S. on tech 'paradigm shift'
▼ + stars: | 2023-05-23 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

"This kind of computing power needs to be provided as a kind of public service or infrastructure. China, specifically, "has some of the most advanced AI tech in the world," he added. "We believe this is a Game of Thrones also playing out in the China Tech market as the gloves are on for this battle," Ives said. Many innovative vendors are going after this market and China tech is now in the midst of a secular shift around AI." The comments from some of China's top tech companies last week hint at how Beijing is seeking to ramp up its rivalry with the U.S. on AI.

Persons: BABA BABA, Robin Li, Baidu, Ernie Bot, OpenAI's ChatGPT, Tencent, Martin Lau, Lau, Alibaba, Daniel Zhang, Dan Ives, Ives, Hao Hong, CNBC's, —, Tencent's Lau, Baidu's Li, Didi, Meituan Organizations: HK, Microsoft, Google, Wedbush Securities, CNBC, China Tech, Big Tech, Baidu, U.S, Nvidia, chipmaker Micron, Grow Investment Locations: China, Beijing, U.S, Alibaba

☆ The sell-off in Estee Lauder has been overdone, so we're snapping up more shares
▼ + stars: | 2023-05-17 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

We are buying 25 shares of Estee Lauder at roughly $196. Following the trade, Jim Cramer's Charitable Trust will own 325 shares of EL, increasing its weighting to 2.38% from 2.20%. As discussed in the May Monthly Meeting on Wednesday, we think the recent sell-off in Estee Lauder (EL) has gotten overdone. Indeed, it will take time for Estee Lauder's retail partners in Travel Retail in Asia to work down their excess inventory. An Estee Lauder pop-up store is seen inside daimaru Department Store on Nanjing Road Pedestrian street in Shanghai, China, August 6, 2021.

☆ Activist investor Peltz tells Cramer he's not pursuing Club name Estee Lauder
▼ + stars: | 2023-05-08 | by ( Zev Fima | ) www.cnbc.com time to read: +3 min

Jim said he called Peltz, founding partner of hedge fund Trian Fund Management, who denied having any interest in Estee Lauder. The founding Lauder family owns roughly 38% of Estee Lauder common stock and dominates 86% of the voting power . Moreover, we see no need for activism at Estee Lauder. Freda undoubtedly misjudged the pace of the travel retail recovery amid China's gradual economic reopening this year. An Estee Lauder pop-up store is seen inside daimaru Department Store on Nanjing Road Pedestrian street in Shanghai, China, August 6, 2021.

☆ Estee Lauder's plunge on weak forward guidance is not a reason to sell the stock
▼ + stars: | 2023-05-03 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

The results included a 3% drag due to foreign currency dynamics in key international travel retail locations. The team believes this trend in Asia will only be temporary, but that's of little comfort Wednesday, as the stock plunged. While displeased with Estee Lauder's fiscal Q4 guide, we think the magnitude of the selloff represents something of a rush to the exits, no matter the price. Quarterly commentary The recovery in Asia travel retail is the primary issue now plaguing Estee Lauder. An Estee Lauder pop-up store is seen inside daimaru Department Store on Nanjing Road Pedestrian street in Shanghai, China, August 6, 2021.

☆ U.S. Begins Planning for 6G Wireless Communications
▼ + stars: | 2023-04-21 | by ( John D. Mckinnon | ) www.wsj.com time to read: 1 min

The next generation of wireless telecommunications, years away from deployment, could pave the way for global internet access still unavailable with the current 5G standard. Photo: Tang Ke/Costfoto/Future Publishing/Getty ImagesWASHINGTON—The Biden administration is beginning to plan for 6G wireless telecommunications, seeking to expand internet access while reasserting U.S. leadership in a sector where China has notched gains. The White House on Friday will meet with corporate, government and academic experts to begin developing goals and strategies for the new 6G communications technology, which would have the ability to take cloud computing and the mobile internet to true global ubiquity, among other improvements.

☆ Club holdings Estee Lauder and Honeywell made news Tuesday. Here are our takes
▼ + stars: | 2023-03-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Club holdings Estee Lauder (EL) and Honeywell (HON) are in the news Tuesday. Cowen initiates coverage of Estee Lauder EL 1Y mountain Estee Lauder's stock performance over the past 12 months. The news: Cowen started coverage of Club holding Estee Lauder Tuesday with an outperform rating and a price target of $280. The Club's take: Estee Lauder is one of the best consumer stocks to play the reopening of China after it ditched its zero-Covid policy. An Estee Lauder pop-up store is seen inside daimaru Department Store on Nanjing Road Pedestrian street in Shanghai, China, August 6, 2021.

☆ Thursday's sellers of Estee Lauder are missing the bigger picture
▼ + stars: | 2023-02-02 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

Shares of Estee Lauder dropped about 3% mid-day Thursday but remain up around 10% for 2023. There is going to be some noise in the supply chain as Estee Lauder deals with its last quarter of pain related to Covid. Fragrance was up in every region, driven primarily by growth from Estee Lauder, Le Labo, and Tom Ford Beauty. In November, Estee Lauder announced it was buying the Tom Ford Brand for $2.8 billion. An Estee Lauder pop-up store is seen inside daimaru Department Store on Nanjing Road Pedestrian street in Shanghai, China, August 6, 2021.

☆ Tesla has growing competition in China — these are the most popular electric SUVs challenging Elon Musk in the crucial market
▼ + stars: | 2023-01-31 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

(Note: Since China considers both electric and plug-in hybrid vehicles as "new energy vehicles," this ranking includes both types of EVs.) BYD SongThe BYD Song Plus DM-i plug-in hybrid. The BYD Song Plus DM-i plug-in hybrid. BYD Yuan PlusThe BYD Yuan Plus. BYD TangThe BYD Tang electric SUV.

☆ Estee Lauder's latest Wall Street endorsement underscores our long-held view on the company
▼ + stars: | 2023-01-25 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

The Chinese market is a "vastly underappreciated opportunity" for Estee Lauder, analysts at Piper Sandler wrote in a research note. U.S.-based Estee Lauder, which manufactures luxury skin-care products, makeup and fragrances, relies on China for more than a third of total sales. Looking ahead, Piper Sandler sees massive growth potential for Estee Lauder's stock in 2023. Oppenheimer maintained a $300 per-share price target on Estee Lauder and outperform rating. An Estee Lauder pop-up store is seen inside daimaru Department Store on Nanjing Road Pedestrian street in Shanghai, China, August 6, 2021.

☆ Estee Lauder's stock jumps as China loosens Covid rules, in line with Club investment case
▼ + stars: | 2022-11-11 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Shares of Club holding Estee lauder (EL) climbed higher Friday after China relaxed Covid-19 restrictions for international travelers. Shares of Estee Lauder have been under pressure , as Beijing's draconian Covid-19 measures have severely squeezed China's economy for nearly 3 years. Bottom line Estee Lauder's stock jump today supported our investment thesis that the luxury beauty brand is the single best way to play China's reopening. We believe Estee Lauder's stock could react further to the upside as China continues to reopen its economy. An Estee Lauder pop-up store is seen inside daimaru Department Store on Nanjing Road Pedestrian street in Shanghai, China, August 6, 2021.

☆ Improving Chinese import data bodes well for Estee Lauder, Wells Fargo says
▼ + stars: | 2022-11-08 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

The Club found the fresh Chinese import data encouraging and welcomed the call from Wells Fargo, with Jim Cramer on Tuesday calling Estee Lauder the "single best play for the opening of China." The Wells Fargo analysts called the October cosmetics data a "significant" improvement. But Wells Fargo analysts said the improved import data could support Estee Lauder's stock. Wells Fargo maintained its equivalent of a buy rating on Estee Lauder. Berenberg also reduced their price target on Estee Lauder to $220 from $323.

☆ Meet the TikToker who quit van life after gas prices soared — she's making $4,000 a month while living in her car and waiting for her new Tesla to arrive
▼ + stars: | 2022-10-23 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

Billie Webb is a TikToker who filmed herself taking part in van life last year. Now she has raffled off her van to live in a 2015 Mazda, blaming soaring gas prices. Van life has become more popular amid the pandemic and rising rents and property prices. Webb quit van life as gas prices soared, with her Chevy running at 7 to 10 miles a gallon and costing her more than $100 to fill up. Gym memberships are a must-have for anyone joining van or car life, she said.

☆ Tech giant Tencent was China's most valuable company for 6 years. In September, it finally lost the title — to a liquor company.
▼ + stars: | 2022-10-18 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Chinese tech giant Tencent's value has dropped to the worth of a local Chinese liquor giant. Once worth nearly $1 trillion, the gaming and internet giant now hovers at less than half of its peak market value. On September 30, Tencent lost its status as China's most valuable company when its market capitalization dipped below that of Guizhou-based distiller Kweichow Moutai. Harsh restrictions on tech giants spelled the end of Tencent's glory daysMoutai liquor is placed in a liquor store in Moutai town in Guizhou province. Costfoto/Future Publishing via Getty ImagesThat Kweichou Moutai's market value could even be compared to Tencent's shows how far the tech behemoth has fallen.

Search resuls for: "Costfoto"

18 mentions found