DIRS.INFO The most relevant business & tech news

☆ What's next after a brutal year for tech? Market watchers share their views — and top stock picks
▼ + stars: | 2022-12-26 | by ( Zavier Ong | ) www.cnbc.com time to read: +7 min

If you invested in tech stocks in 2022, chances are you're sitting on a loss right now. As they head into 2023, investors could be forgiven for thinking that the worst of the tech rout is over. Big Tech is 'not dead' Michael Yoshikami, founder and CEO of Destination Wealth Management, said Big Tech is "not dead," though it will take time to recover. Goldman Sachs and Citi also see pockets of opportunities within Big Tech, with both naming Amazon and Meta Platforms as their top picks for 2023. The sector has traditionally been viewed as a growth sector, but some analysts say tech stocks are now value stocks instead.

BAMBERG, S.C. — Pamela Pinckney was in the hospital, bruised and in pain from several broken bones, when a lawyer named Alex Murdaugh offered his help. Pinckney estimates Murdaugh and his alleged co-conspirators pocketed $1 million owed to her family. Pamela Pinckney remained hospitalized as she endured several operations. Alex Murdaugh told me and my entire Pinckney family that he has our best interests, we don’t have anything to worry about and we’re like family to him,” Pinckney said. Alex Murdaugh is escorted out of the Collation County Courthouse in Walterboro, S.C., on July 20, 2022.

☆ New Zealand suspends bilateral human rights dialogue with Iran
▼ + stars: | 2022-10-31 | by ( Lucy Craymer | ) www.reuters.com time to read: +1 min

WELLINGTON, Oct 31 (Reuters) - The New Zealand government said on Monday it has suspended its official bilateral human rights dialogue with Iran, saying bilateral approaches were "no longer tenable" with basic human rights being denied in the country. "Violence against women, girls or any other members of Iranian society to prevent their exercise of universal human rights is unacceptable and must end. This is clearly a difficult time for the people of Iran," Mahuta said. New Zealand and Iran had established the dialogue in 2018 with the stated hope of advancing human rights issues and concerns. The New Zealand government also last Wednesday updated its travel warnings for Iran and urged New Zealanders currently there to leave.

☆ Boris Johnson may eye an unlikely comeback after Liz Truss resignation
▼ + stars: | 2022-10-20 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +3 min

Boris Johnson may run to lead Britain's Conservative Party, sources told multiple news outlets. The former prime minister resigned as leader over the summer and was replaced by Liz Truss. Truss's own resignation this week after just a few weeks in office has him eyeing a comeback, per reports. On Thursday, hours after Truss resigned, The Times of London reported that Johnson "is expected to stand" in the next Tory leadership contest, citing unnamed sources. Truss was chosen as the Tory leader after the question was put to Conservative Party activists.

☆ Adobe stock jumps on estimates for next year as strong dollar cuts into growth
▼ + stars: | 2022-10-18 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Shantanu Narayen, chairman and chief executive officer of Adobe Systems Inc., during a telecast of the SoftBank World event in Tokyo arranged in Kawasaki, Kanagawa Prefecture, Japan, on Thursday, Oct. 29, 2020. SoftBank World, the company's annual two-day event for customers and suppliers, ends Friday. The forecast excludes impact from its planned $20 billion acquisition of design software startup Figma, which is expected to close in 2023. Analysts polled by Refinitiv had expected adjusted earnings of $15.53 per share on $19.82 billion in revenue. WATCH: The design space overall has a lot of room to run, says Bessemer Venture Partners' Elliott Robinson

☆ UK Prime Minister Liz Truss faces serious pressure to resign after failed budget
▼ + stars: | 2022-10-17 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

LONDON — U.K. Prime Minister Liz Truss is facing calls to resign from within her own Conservative Party just six weeks after entering Downing Street. Truss and her former Finance Minister Kwasi Kwarteng announced a fiscal package – a so-called "mini-budget" – on Sept. 23. The latest plans were announced Monday by Jeremy Hunt, just three days into his tenure as finance minister. Angela Richardson, Conservative MP for Guildford, said it was "no longer tenable" for Truss to remain as prime minister, speaking on Times Radio on Monday, while Jamie Wallis, Conservative MP for Bridgend, wrote to the prime minister telling her to resign. "I ask you to stand down as Prime Minister as I believe you no longer hold the confidence of the country or the parliamentary party," Wallis' letter said.

☆ Over half of Gen Z and millennials could face a retirement crisis as inflation rises and homeownership falls, says a Boston University economist
▼ + stars: | 2022-10-11 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Over half of Gen Z and millennials could enter retirement with insufficient savings, says a Boston University economist. As of 2017, roughly half of all retirement age Americans had no personal retirement savings, per a January Census Bureau report. While the expectation that young Americans will live longer than the generations before them is a positive development, this also raises the total cost of retirement. "The retirement age will rise and it's been rising," he said, pointing to BLS projections of older workers' labor force participation. To prepare for retirement, Kotlikoff says Gen Zers should be saving 15% of what they earn after taxes, although he adds that that "may well be on the low side."

☆ Putin's big military mobilization moves won't have any effect on his fight in Ukraine for months, war experts say
▼ + stars: | 2022-09-22 | by ( Natalie Musumeci | Jake Epstein | ) www.businessinsider.com time to read: +5 min

Partial military mobilization won't have any effect on the war for months, a think tank said. Putin's order to call up to 300,000 reservist troops to wage war in Ukraine "will not generate significant usable Russian combat power for months," the think tank said. Putin's mobilization order, ISW said, "may suffice to sustain the current levels of Russian military manpower in 2023 by offsetting Russian casualties, although even that is not yet clear." Additionally, Hardie explained, Putin's call for a mobilization of troops "carries serious political risks and was not made lightly." In the wake of Putin's mobilization announcement, many Russians attempted to flee the country while others took to the streets in cities across the country to protest the war.

☆ I moved my family from LA to a Detroit suburb. Here's how the lower cost of living has made our lives so much easier.
▼ + stars: | 2022-09-21 | by ( Casey Kleczek | ) www.businessinsider.com time to read: +5 min

They moved to Royal Oak, Michigan, and could finally save enough to buy their first house. Three days before my daughter was born, we moved to Glendale, a suburb of LA, and paid $1,600 monthly for a one-bedroom apartment. Because we didn't have savings, we decided to rent in Royal Oak, a young and trendy town 15 minutes outside Detroit. In Royal Oak, we could pay our rent and student loans and get groceries with about $4,000 to put aside into our savings. That summer, we bought an additional vehicle; we'd sold my car in LA to save money.

☆ Why the current oil boom for Arab states may be their last
▼ + stars: | 2022-09-19 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +11 min

During previous oil booms, Gulf states were seen as squandering their wealth on wasteful and inefficient investments, building sprees and buying weapons, as well as handouts to citizens . Gulf states appear to be working on diversifying. Since the last oil boom that ended in 2014, four of the six Gulf states have introduced value-added tax and the UAE has gone further by starting a corporate income levy . None of the Gulf states have an income tax. Critics counter that it is in the oil exporters' interest to push that narrative, but oil states have pointed to the rise in crude demand that coincided with the removal of Covid-19 restrictions around the world.

☆ A new sports-betting app that lets gamblers trade bets like stocks is launching, as startups race to build the Robinhood of wagering
▼ + stars: | 2022-09-15 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +6 min

Its app, which lets users to trade sports bets like they would stocks, launches in New Jersey Thursday. On Thursday, its new app that allows users to trade sports bets like they would stocks goes live in New Jersey. Sporttrade, which Insider trialed in its beta version this week, looks more like a trading app than a sportsbook. In the US, there are now various peer-to-peer exchanges from BettorEdge to Prophet that let users bet against each other instead of playing against the house. It's also hoping to build on that with word of mouth as people start to experience the app firsthand.

Search resuls for: "tenable"

11 mentions found