DIRS.INFO The most relevant business & tech news

☆ Fed has 'a ways to go' on interest rate hikes, Bullard says
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +2 min

[1/2] St. Louis Fed President James Bullard speaks about the U.S. economy during an interview in New York February 26, 2015. Once at a high enough level, rates would then "have to stay there all during 2023 and into 2024" given the historical behavior of inflation, Bullard said. The Fed has raised its policy rate by 375 basis points this year, the fastest pace of tightening since the early 1980s as it tries to quash stubbornly high inflation. However, Bullard also repeated comments made earlier this month that he would defer to Fed Chair Jerome Powell regarding how much higher to move rates at upcoming policy meetings. Investors overwhelmingly anticipate the Fed to raise its policy rate by half a percentage point at its next policy meeting on Dec. 13-14.

☆ Thousands of users mistakenly signed up to a management firm called Hive instead of buzzy Twitter alternative, Hive Social
▼ + stars: | 2022-11-24 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Many of those signing up had mistaken the management platform for social-media site, Hive Social. Many of the people who registered had mistaken the site for Hive Social, which is quickly becoming a favored alternative to Twitter. Hive Social is a mobile-only platform that is similar to Twitter but doesn't use any of the algorithms that control what users see. "The majority of these posts are words of gratitude for a Twitter alternative," Wilson said. Hive Social has exploded in popularity as some social-media users look for an alternative to Twitter.

☆ Waves of workers are 'quick quitting' as the clock runs down on the Great Resignation
▼ + stars: | 2022-11-20 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Some people part of the Great Resignation may be "quick quitting" and leaving jobs that they've been at for less than a year. Recession fears may impact those thinking about quick quitting. But there's a new twist: "quick quitting," which LinkedIn defines as leaving a position that they had for less than a year, according to its data. But for now, LinkedIn's analysis of short tenure rates using its own data show white-collar workers are among the workers quick quitting. Salemi said she's "cautious" though about people quickly quitting though because "it shouldn't necessarily be spontaneous."

☆ Stocks crashed 50% in the 2008 crisis. Here's how bad Jamie Dimon, Nouriel Roubini, Michael Burry, and other top commentators see it getting in the next recession.
▼ + stars: | 2022-10-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

Here's how bad a the next downturn could hit the stock market, according to five top experts. The stock market cratered from 2008-2009, with the Dow Jones Industrial Average ending at a low of 6,594 in March 2009, down more than 50% from its peak before the recession. With warning signs piling up, here's what five experts have to say about the next recession and what's in store for the stock market. "This is just the beginning of that pain," Roubini said of a potential repeat of the 2008 recession. He's voiced concerns about financial stability, warning markets that the Fed could "break something" on the way to reducing inflation.

☆ The Big Tech layoffs you won't hear about: How the shift to remote work is leaving Meta janitors and bus drivers jobless
▼ + stars: | 2022-10-22 | by ( Hannah Towey | ) www.businessinsider.com time to read: +4 min

The shift to remote work has caused Silicon Valley service workers to lose their in-person jobs. The move is the latest development showcasing how Big Tech's widespread adoption of remote work is translating to layoffs for Silicon Valley's in-person service workers. NOAH BERGER/AFP via Getty Images)As June 2021, any full-time Meta employees whose job responsibilities can be completed online can apply to become a fully-remote worker. "Unlike other Silicon Valley companies, Meta has refused to mandate that its employees return to work on the main campus. Are you a bus driver, cafeteria worker, janitor, or security guard contracted by a Big Tech company?

☆ Credit Suisse downgrades Fox, says reunion with News Corp. could hurt more than it would help
▼ + stars: | 2022-10-17 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Fox 's potential reunification with News Corporation could actually be a set back from the stock's value, Credit Suisse warned. He said the potential combination of Fox and News Corp. would be a bad investment — and even just the idea could hurt the stock. "The pivot seems a tacit admission of challenges for Fox," he said in a Sunday note to clients. "Even if this merger does not ultimately come to fruition, the investment backdrop for Fox has been altered." He said a stock merger could take place, or one could rein if there's a perceived discount involved.

☆ A Goldman Sachs alum turned crypto exec breaks down why Wall Street's next push into digital assets will be through bitcoin
▼ + stars: | 2022-10-15 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

John Haar, a managing director at digital asset services platform Swan Bitcoin, previously had a 12-year stint at Goldman Sachs. He says bitcoin is the biggest contender to gain traction in legacy finance and pull institutional interest in further. Investors saw the first wave of institutional interest in crypto through bitcoin as well. First, the value prop of bitcoin, Haar says, is the concept of "sound money," a currency that isn't prone to a sudden depreciation or appreciation in value. "I think Bitcoin is an easier sell, but I think we're still very early in terms of them potentially getting on board.

☆ Here's how to play the bear market - and when to know it's safe buy again
▼ + stars: | 2022-10-13 | by ( Jason Ma | ) www.businessinsider.com time to read: +6 min

Investors should brace for a 5% stock market decline if the reading comes in above 8.3%, JPMorgan's trading desk said in a note this week. The stock market could continue to tumble in the face of rising inflation and a recession. Investors should wait to get bullish on the falling stock market as inflation and rate-hike concerns continue to roil the valuation norms of the past two decades, according to Bank of America. Has the stock market found a bottom yet? US stock futures rise early Thursday, ahead of the eagerly awaited US inflation data due later this morning.

☆ Meta calls out India's The Wire, says it published stories based on fabricated documents
▼ + stars: | 2022-10-11 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

Meta has publicly made the very serious charge that The Wire irresponsibly published two widely circulated articles based on fabricated documents, and The Wire has responded by digging its heels entirely into the sand. The dispute began on Monday when The Wire published what appeared to be an explosive story: that a top official in India’s ruling party effectively had the ability to unilaterally scrub posts from Instagram. Later that day, however, Meta spokesperson Andy Stone poured cold water on it. The outlet said that it had obtained an email where Stone appeared to privately acknowledge the documents were authentic. Others piled on by pointing out red flags with the supposed Stone email.

☆ Millennials and Gen Z counting on a 401(k) to get them through retirement are in for a rude awakening, TIAA head says
▼ + stars: | 2022-10-11 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +5 min

Half of millennials and Gen Z expect employer-based savings plans to be enough for retirement, a TIAA study shows. Millennials and Gen Z could be in for a dire future unless they save differently. Duckett said that she wanted policymakers and employers to increase access to retirement savings plans, as well as educating workers about income options such as annuities. She also encouraged Gen Z and millennials to seek out savings vehicles like IRAs, which aren't dependent on an employer. It's a testament to how much employers have sapped their retirement packages over the past few decades that Gen Z and millennials could be in trouble.

Subversive Capital filed a Form N-1A on Sept. 15 to establish two ETFs that will follow exactly how Democrat and Republican members of Congress are trading. Subversive Capital is working with Unusual Whales — a retail trading tool for individual stocks, options and crypto — to provide data for the ETFs. Recently, the subject of congressional members trading stocks has raised questions regarding the potential for insider trading and conflicts of interest, leading to the introduction of legislation that would restrict those in Congress from being able to buy and sell individual stocks. Here's what you need to know about the political implications of Congressional stock trading and the new ETFs that are being created to track it. It's also unclear what will happen to the two new ETFs if the congressional stock trading ban does eventually pass.

☆ Unlike recent recessions, office jobs are most at risk of layoffs in the coming economic downturn
▼ + stars: | 2022-09-25 | by ( Ben Winck | Madison Hoff | ) www.businessinsider.com time to read: +8 min

Several blue-collar sectors are set to be protected from layoffs, while white-collar workers are at risk. Lee added to Insider that blue-collar workers like truck drivers used to be the "most vulnerable workers" but "office workers have always been considered protected." White-collar sectors hired quickly after the pandemic, and it could leave workers vulnerable in a downturnRecessions come in all shapes and sizes. Blue-collar jobs are still in demand and need more workersSeveral blue-collar sectors have only just recently recovered or are still making their way back. But not all blue-collar jobs will experience layoffs in the same way.

☆ Wall Street's most highly regarded titans are warning 'the worst is yet to come' for stocks. Here's why people like Ray Dalio, Jeremy Grantham, Carl Icahn, and Scott Minerd are bearish on the market's
▼ + stars: | 2022-09-24 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Ray Dalio, Carl Icahn, Scott Minerd, and Jeremy Grantham all warned in recent days of more downside. In recent days, a number of them — including Ray Dalio, Jeremy Grantham, Scott Minerd, and Carl Icahn — have warned that further downside is coming. Ray Dalio, founder of Bridgewater AssociatesRay Dalio at the MarketWatch Best New Ideas in Money Festival in New York on September 21, 2022. Carl Icahn, founder of Icahn Enterprisesvia CNBCIcahn also pointed out this week that it's a generally bad environment for economic growth and investors with the Fed tightening, which he supports. "I think it's going to be worse before it gets better," Icahn said at the MarketWatch Best New Ideas in Money Festival on Wednesday.

☆ Bitcoin could return to $68,000 within 4 years and hit $500,000 in the next decade, MicroStrategy's Michael Saylor says
▼ + stars: | 2022-09-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

MicroStrategy's Michael Saylor said bitcoin could return $68,000 in four years and then hit $500,000 within the next decade. While bitcoin has shed roughly 60% so far in 2022, MicroStrategy has continued to buy the dip on the token. "The next logical stop for bitcoin bitcoin is to replace gold as a non-sovereign store of value asset," he said. MicroStrategy, Saylor added, is still building out the Lightning Network, a payment protocol using the bitcoin blockchain. While bitcoin has shed roughly 60% so far in 2022, Saylor's MicroStrategy has continued to buy the dip on the token.

☆ Billionaire investor Carl Icahn warns the US economy has tough days ahead - and blames the Fed for painful inflation
▼ + stars: | 2022-09-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Carl Icahn warned that worse days lie ahead for the US economy. The billionaire investor blamed the Fed's easy-money policies for painful inflation. Icahn said he sees plenty of bargains in markets today, and he expects more deals to emerge. Icahn raised the alarm earlier this year on several of the key issues now plaguing financial markets and the economy. Read more: 'Don't just buy the dip': How to adjust your portfolio to benefit from the Fed's rate hikes and rising inflation, according to 3 investing experts

☆ Ray Dalio says his hedge fund Bridgewater Associates is up around 25% this year. He shares 2 ways investors should approach a market he says is due to drop another 20% — and an area he's bullish on lo
▼ + stars: | 2022-09-22 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Bridgewater Associates founder Ray Dalio said on Wednesday that stocks are likely to fall further. Given his down outlook, Dalio was asked how investors should approach the current environment, and gave two answers. The former shields investors from rising or falling inflation rates, while nominal bonds can lose money when considering inflation. Dalio also recommended that investors keep their portfolios well-balanced and diversified, and avoid timing the market. "The most important thing that you can do is have a well-balanced portfolio, not to market time, but diversify," Dalio said.

☆ Ray Dalio sees these classic early signs of a US recession and expects the economy to get worse over the next 2 years
▼ + stars: | 2022-09-21 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Bridgewater's Ray Dalio says the US is showing the hallmark signs of a recession. Dalio pointed to drawdowns in cash balances, contracting housing and auto sectors, and rising delinquency rates. "I think it's going to get worse into '23 and '24, which has implications for elections," Dalio said. Speaking before the Fed's policy announcement, Dalio said the Fed has a tradeoff between strengthening the economy and controlling inflation. "They will tighten monetary policy and take away credit until the economic pain is greater than the inflation pain," he said.

Saving for retirement as a couple may seem easier if both people are bringing home a paycheck. But many dual-income couples aren't taking advantage of tax-deferred retirement accounts, such as 401(k)s, according to data reported in an article on MarketWatch. Only about half of private sector workers have access to a workplace retirement plan, but experts say those who do should be maxing it out. The study looked only at married couples who save in a workplace retirement plan. Dual-income couples with one person contributing to a 401(k) are saving just 5% of their total household earnings.

Search resuls for: "Marketwatch"

18 mentions found