DIRS.INFO The most relevant business & tech news

☆ US due diligence firm Mintz Group says staff detained in China after office raid
▼ + stars: | 2023-03-24 | by ( Michael Martina | ) www.reuters.com time to read: +3 min

WASHINGTON, March 23 (Reuters) - U.S. corporate due diligence firm Mintz Group said on Thursday its Beijing office was raided by authorities and five Chinese staff were detained, stoking worry among foreign companies in China just as its capital hosts an international economic forum. "We can confirm that Chinese authorities have detained the five staff in Mintz Group's Beijing office, all of them Chinese nationals, and have closed our operations there," the company said in an emailed statement to Reuters. "Mintz Group has not received any official legal notice regarding a case against the company and has requested that the authorities release its employees," the company said. 'RED ALERTS'As per Mintz Group's website, the Beijing office is its only one in mainland China. Western due diligence companies have gotten into trouble with Chinese authorities before.

☆ Problems that come with insuring all deposits outweighs the positive, says fmr. Fed chair for supervision
▼ + stars: | 2023-03-23 | 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 EmailProblems that come with insuring all deposits outweighs the positive, says fmr. Fed chair for supervisionRandal Quarles, former Fed vice chair for supervision, joins 'Closing Bell: Overtime' to discuss bank failures and regulation.

He now faces renewed criticism over his agenda at the Fed, where he oversaw efforts to reduce regulations on regional banks. U.S. regional banks are expected to pay higher rates to depositors to keep them from switching to larger lenders, leaving them with higher funding costs. In 2008, regulators had to contend with billions of dollars in toxic mortgages and complex derivatives sitting on bank books. Currently, regional banks below $250 billion in assets have simpler capital, liquidity and stress testing requirements. "SVB is not a very complicated bank," said Dan Awrey, a Cornell Law professor and bank regulation expert.

☆ Lowering inflation to the Fed's target would require a deep recession that more than doubles unemployment, say Cleveland Fed economists
▼ + stars: | 2023-02-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Cleveland Fed economists wrote a working paper arguing that inflation will remain above the Fed's 2% goal by the end of 2025. Unemployment will soar and a deep recession will ensue if the Fed remains committed to its current goals, the economists said. But the Cleveland Fed economists are warning of the downsides to that, noting that policymakers' Summary of Economic Projections (SEP) appears to be a stretch. The economists added that for the Fed's stated 2% inflation target to be achieved, the unemployment rate would have to climb to 7.4% for one year. We will have other things to worry about at that point besides whether the Fed's inflation target should be 2.0 or 2.75 percent."

☆ Jefferies downgrades American Eagle Outfitters, sees the apparel stock struggling in a recession
▼ + stars: | 2023-02-15 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

American Eagle Outfitters could be in trouble going forward, according to Jefferies. The analyst sees the stock underperforming in a likely recession and resulting slowdown in consumer spending. On average, over the past 8 recessions, the clothing/footwear category saw no growth until the quarter coming out of the recession," Konik wrote in a Wednesday note. Konik reiterated his buy rating for footwear brands Nike, Foot Locker and Boot Barn, citing greater expected resiliency in the footwear sector. "While our analysis of the PCE category spend combines footwear w/ apparel sales, it is our belief that footwear will be more resilient.

☆ You have to remember the Fed's policy acts with a lag, says fmr. Fed official Randal Quarles
▼ + stars: | 2023-02-14 | 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 EmailYou have to remember the Fed's policy acts with a lag, says fmr. Fed official Randal QuarlesFmr. Fed Vice Chair for Supervision Randal Quarles joins 'Closing Bell' to discuss today's inflation print and what he believes it means for future rate increases.

☆ It would be premature for the Fed to stop raising rates, says fmr. Fed Vice Chair Randal Quarles
▼ + stars: | 2023-01-12 | 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 EmailIt would be premature for the Fed to stop raising rates, says fmr. Fed Vice Chair Randal QuarlesFormer Fed Vice Chair Randal Quarles joins 'The Exchange' to discuss the Fed and what it's likely to do about interest rates. With CNBC's Steve Liesman.

☆ Lululemon Athletica sees margin squeeze in holiday quarter; shares slump
▼ + stars: | 2023-01-09 | by ( Granth Vanaik | ) www.reuters.com time to read: +2 min

Jan 9 (Reuters) - Lululemon Athletica Inc (LULU.O) forecast a decline in holiday-quarter gross margins on Monday as the apparel maker discounts more and grapples with higher costs, sending its shares down more than 9%. Lululemon said it expects gross margin to decline 90-110 basis points in the fourth quarter, compared with its previous expectation of an increase of 10-20 basis points. The company, however, raised its fourth-quarter net revenue forecast to between $2.66 billion and $2.70 billion, from its previous range of $2.61 billion to $2.66 billion. It also tightened its outlook for fourth-quarter earnings per share to between $4.22 and $4.27, compared with its prior forecast of $4.20 to $4.30. Reporting by Granth Vanaik in Bengaluru; Editing by Shailesh Kuber, Saumyadeb Chakrabarty and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Nike shares surge as inventory challenges start to abate, demand stays strong
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +2 min

At least 12 brokerages raised their price targets on the stock after Nike reported better-than-expected quarterly results on Tuesday, benefiting from higher discounts and strong demand in North America. While Nike's quarterly inventory declined about 3% from the prior quarter, margins fell 300 basis points due to higher promotions and discounts. Still, the decline was smaller than expected, according to analysts, thanks also to higher-priced product launches such as the LeBron 20s and Nike Mercurial shoes. "Nike offered promotions, but at the same time, they also pushed for new product without the promotion," said Jane Hali & Associates analyst Jessica Ramirez. Reporting by Aishwarya Venugopal and Deborah Sophia; Additional reporting Ananya Mariam Rajesh in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ French hearts are broken but future looks bright
▼ + stars: | 2022-12-19 | by ( Julien Pretot | ) www.reuters.com time to read: +2 min

Mbappe, who turns 24 on Tuesday, netted all three French goals, taking his tally from two World Cups to 12. "Potentially, this France team has an important reservoir of talents," said Deschamps. "We'll always need experienced team leaders to groom the young players but the reservoir is big." "Some players have been in the Euro 2016 final, won the 2018 World Cup, they bring their experience. "We have to keep this France team at this level, with the best players on the world and European stage."

☆ Argentina win incredible World Cup final in shootout
▼ + stars: | 2022-12-18 | by ( Mitch Phillips | ) www.reuters.com time to read: +4 min

Summary Argentina win World Cup for third time after 3-3 drawMessi scores two and nets in shootoutMbappe scores hat-trick as France come from 2-0 downSecond World Cup final penalties defeat for France after 2006LUSAIL, Qatar, Dec 18 (Reuters) - Argentina won their third World Cup in an extraordinary final on Sunday as they beat France 4-2 on penalties after Lionel Messi scored twice in a 3-3 draw that featured a hat-trick for Kylian Mbappe as the holders recovered from 2-0 down. Messi put Argentina ahead again but Mbappe levelled with another penalty, becoming the second man to score a World Cup final hat-trick after England's Geoff Hurst in 1966. Argentina have now won six of their seven World Cup shootouts, including the quarter-final against the Netherlands a week ago when they also blew a 2-0 lead, while France have lost three of five, but with two of those defeats coming in finals. It seems all the more incredible coming a month after his team began the tournament by suffering statistically the biggest upset in World Cup history when they were beaten by Saudi Arabia. He and Messi both converted the opening spot-kicks of the shootout but then had to stand back and let their team mates decide their destiny.

☆ Analysis: Drama specialists Argentina deserve their World Cup title
▼ + stars: | 2022-12-18 | by ( Julien Pretot | ) www.reuters.com time to read: +3 min

[1/5] Soccer Football - FIFA World Cup Qatar 2022 - Final - Argentina v France - Lusail Stadium, Lusail, Qatar - December 18, 2022 Argentina's Lionel Messi lifts the World Cup trophy alongside teammates as they celebrate after winning the World Cup REUTERS/Kai PfaffenbachLUSAIL, Qatar, Dec 18 (Reuters) - Sunday's World Cup final turned from a one-sided affair into a nerve-racking vintage showdown and it was somehow fitting that footballing diva Argentina prevailed over France amid the drama. "Argentina have been playing a World Cup final, not us," Deschamps said at halftime. The whole Argentina bench ran onto the pitch like headless chicken, but it was somehow not enough drama for a night to remember. France have conceded all the last 14 penalties against them in shootouts, with the last person to miss Luigi Di Biagio in the 1998 World Cup quarter-final. After France's shootout defeats in the Euro 2021 last 16 and 2006 World Cup final, it was a coherent end to a logic-defying final.

☆ Egypt: How the Arab world's most populous country became addicted to debt
▼ + stars: | 2022-12-16 | by ( Cnn Staff | ) edition.cnn.com time to read: +12 min

The loan, along with billions of dollars in cash inflows from Abu Dhabi and Riyadh, are Band-Aids, experts say, designed to keep the Arab world’s most populous country afloat. Without proper reforms, however, Egypt may never be able to shake off its chronic financial woes and break its growing debt addiction. Billions of dollars from Abu Dhabi and Riyadh have poured into the Egyptian economy in recent years. Saudi Arabia’s Public Investment Fund (PIF) also launched the Saudi Egyptian Investment Company (SEIC) in August, a company dedicated to investments in several vital sectors of the Egyptian economy. Still, the Egyptian economy has struggled to shake off its economic woes.

☆ Mental strength, moments of brilliance - how France reached the World Cup final
▼ + stars: | 2022-12-15 | by ( Julien Pretot | ) www.reuters.com time to read: +4 min

GROUP STAGE MATCH 2: FRANCE 2-1 DENMARKHaving lost their last two games against Denmark in June and September, France were facing their first real test of the tournament. LAST 16: FRANCE 3-1 POLANDAfter France went through a brief rough patch, Giroud opened the scoring to become France's all-time top scorer on 52 goals - moving one ahead of Thierry Henry. They went ahead thanks to a 25-metre Aurelien Tchouameni strike, but cracked early in the second half with Harry Kane converting a penalty after a Tchouameni foul. They went ahead on five minutes thanks to Theo Hernandez's high-hooked volley, forcing their opponents to take the initiative. France will play Argentina, who are also looking to win the World Cup for the third time, in Sunday's final at the Lusail Stadium.

Theo Hernández and Randal Kolo Muani scored as France defeated underdog Morocco, 2-0, in Qatar on Wednesday, sending Les Bleus into the World Cup final against perennial powerhouse Argentina. The Frenchmen, winners of soccer's most coveted trophy in 1998 and 2018, are seeking to become the first team to win back-to-back World Cup titles since Brazil did in 1958 and 1962. "In four days, we're going to play for a world title and we're really going to enjoy it." Morroco, which captured the world's imagination as the first African side to ever make the World Cup semifinals, will play for third place Saturday against 2018 runner-up Croatia. The next World Cup will be in North America in 2026 with the United States, Canada and Mexico serving as hosts.

☆ France stand firm to overpower gallant Morocco
▼ + stars: | 2022-12-14 | by ( Mark Gleeson | ) www.reuters.com time to read: +4 min

"There's emotion, there's pride, there's going to be a final step, we've been together with the players for a month, it's never easy, there's happiness so far," said coach Didier Deschamps. France found themselves in an absorbing battle as Morocco showed them no deference and made many chances of their own, coming close to an equaliser. The world champions’ defence had to scramble several times, including a late goalline clearance and Morocco struck the post with a spectacular bicycle effort. France swept forward and converted their first chance through Hernandez to put their opponents on the back foot. NO FAIRYTALEWhile there was to be no fairytale continuation of their unprecedented run to the last four, Morocco exited with their heads held high.

☆ Defending champion France ends Morocco’s Qatar 2022 dream and reaches fourth World Cup final
▼ + stars: | 2022-12-14 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

CNN —Defending champion France ended Morocco’s 2022 World Cup dream on Wednesday thanks to a 2-0 victory at the Al Bayt Stadium. France is the first defending World Cup champion to reach the final in two decades. Lionel Messi and Argentina now await as France seeks to win back-to-back World Cup titles. They deserve a lot of credit for this World Cup. We’ll enjoy it now and get ready for the last match of this World Cup.”

☆ Analysis: Tactical masterplan, and grit, take France into World Cup final
▼ + stars: | 2022-12-14 | by ( Julien Pretot | ) www.reuters.com time to read: +3 min

Regragui had noted on Tuesday that France were tactical masters and able to adjust to any opponents as he praised Didier Deschamps as the best coach in the world. In previous games, Belgium, Spain and Portugal had been unable to match Morocco's grit, but on Wednesday, France showed they were also able to fight tooth and nail and rely on players going above and beyond. That wrapped a win that reminded everyone of France's tournament nous and that Argentina better come up with a masterplan of their own in Sunday's final at Lusail stadium. Just like Belgium were left frustrated by their defeat to France four years ago in Russia, Morocco might feel they were the better team on the day. Yet France once again barged into the final like a regular at a nightclub who gets in without a look from the bouncer.

☆ England players adopt stray Qatar cat after World Cup exit
▼ + stars: | 2022-12-12 | by ( ) edition.cnn.com time to read: +1 min

England came up short against France on Saturday, which clinched a gutsy 2-1 quarterfinal win. The cat, who Stones named Dave, will have to spend four months in quarantine before he can be reunited with the City duo. “Every night he sat there waiting for his food.”With impromptu visits to stadiums, training sessions and press conferences, cats have stolen the limelight at the 2022 Qatar World Cup. Meanwhile, Brazil forward Vinicius Jr. was interrupted by a cat when he spoke at a news conference last week. A member of Brazil’s staff was seen stroking the animal, before picking it up and dropping it off the side of a table.

☆ Cat-ar not cat-shy Dembele's purrfect World Cup country
▼ + stars: | 2022-12-01 | by ( ) www.reuters.com time to read: 1 min

DOHA, Dec 1 (Reuters) - France's players have generally been happy at the World Cup in Qatar although one, Ousmane Dembele, has found it hard to adjust to one feature on the streets of Doha - stray cats. "Ousmane is scared of cats. There are cats strolling around and he's scared of them. It makes everyone laugh," his team mate Randal Kolo Muani told a news conference on Thursday. Reporting by Julien Pretot; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

☆ France on a tightrope as knockout phase looms
▼ + stars: | 2022-12-01 | by ( Julien Pretot | ) www.reuters.com time to read: +3 min

Until then, with Deschamps having made nine changes to the team who secured their spot in the knockout phase with a 2-1 win against Denmark, France looked clueless and were overwhelmed in the midfield. LACK OF 'COLLECTIVE EXPERIENCE'"I know I haven't put them in the best conditions with all these changes because they don't have a collective experience," said Deschamps. The Liverpool centre back appeared a level above all his team mates, especially Varane, and it is a safe bet to say that Deschamps might consider fielding him from the start alongside Dayot Upamecano. "Another tournament is starting now," said Deschamps - which may come as a relief to France watchers after Wednesday's performance. Reporting by Julien Pretot; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

☆ France coach Deschamps decides not to replace Benzema
▼ + stars: | 2022-11-20 | by ( ) www.reuters.com time to read: +2 min

DOHA, Nov 20 (Reuters) - France coach Didier Deschamps has decided not to replace injured striker Karim Benzema in his World Cup squad, leaving the reigning champions with 25 players for their title defence. Asked on Sunday by TeleFoot whether he would replace the Ballon d'Or winner in his squad, Deschamps said "No". Benzema was the second French player to join the casualty list in less than a week after forward Christopher Nkunku was injured in a training session and replaced in the squad by Randal Kolo Muani. Influential midfielders Paul Pogba and N'Golo Kante were ruled out of the tournament by injury before Deschamps named his squad. "Of course, it is bad news for France, and we feel like we're cursed, because it's just player after player out, and then it ends up with Karim Benzema being hurt during training," Parisian fan Samuel Pautrat said.

☆ 8 retails stocks to buy from top analysts as Target signals tough times for the sector
▼ + stars: | 2022-11-16 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Target on Wednesday reported that its profit fell by 50% as it tried to clear out excess inventory in the third quarter. To find a list of top-ranked retail stocks, CNBC Pro searched Tipranks for names in the sector rated at least a "strong buy" and with a more than 20% upside to the consensus price target. Callaway Golf has the largest upside to its consensus price target, with analysts saying it could surge more than 79% from where it currently trades. Jefferies boosted its price target on the name after its third-quarter earnings beat expectations and it raised its guidance for the fourth quarter. The company is strongly backed by Wall Street and has a more than 43% upside to its consensus price target as it's been beaten up this year.

☆ Stocks making the biggest moves midday: Starbucks, Twilio, Carvana, DoorDash and more
▼ + stars: | 2022-11-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves midday:Starbucks — The Seattle-based coffee company jumped nearly 9% after reporting quarterly profit and revenue that topped expectations. Block — Shares jumped 10% after the mobile payments company surpassed profit and sales expectations in its third-quarter results. Block reported earnings of 42 cents per share on revenue of $4.52 billion. Coinbase — The stock jumped 3% after the company reported better-than-expected user numbers, even as Coinbase reported a miss on profit and sales expectations. The company reported earnings that topped expectations on Thursday.

☆ This deep value golf stock is set to triple, Jefferies predicts
▼ + stars: | 2022-11-04 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

After a topline beat and raised fourth-quarter forecasts, there's big growth ahead for Topgolf Callaway , Jefferies says. While reiterating the stock as a buy, analyst Randal Konik boosted the price target to $56 – a 221% upside over the stock's last close. "The sport of golf is healthy, Topgolf is gaining massive share, and apparel brands are in early innings. Long considered a sport for the wealthy or business executives, golf experienced an image change during the pandemic. Topgolf Callaway's third-quarter sales were up 15% from a year ago to $989 million and above estimates of $945 million.

Search resuls for: "Randal"

25 mentions found