DIRS.INFO The most relevant business & tech news

☆ Review: To Revisit a Sexual Assault, She Drugs Herself Onstage
▼ + stars: | 2023-07-12 | by ( Laura Cappelle | ) www.nytimes.com time to read: +1 min

In “The Bride and the Goodnight Cinderella” (“A Noiva e o Boa Noite Cinderela”), her new stage production at the Avignon Festival in France, she doesn’t merely open up about that experience. She relives part of it, night after night. This all-too-real performance single-handedly jolted Avignon alive over the first week of the festival, turning Bianchi — an unknown, Amsterdam-based artist — into a sensation at the event. I felt nauseated at several points, as if “The Bride and the Goodnight Cinderella” had tapped into my own fight-or-flight instinct. Bianchi enters in a stylish white ensemble, and proceeds to deliver a lecture from a heavy stack of notes.

Persons: Carolina Bianchi, doesn’t, Bianchi, ”, jolted, —, Pippa Bacca Organizations: Avignon Locations: France, jolted Avignon, Amsterdam, sobs, Turkey

‘Serious concerns’ at the PGA TourJust days before Tuesday’s PGA Tour hearing before the Senate Permanent Subcommittee on Investigations, a prominent tour board member, Randall Stephenson, has resigned. His reason? He said he cannot support the golf organization’s proposed tie-up involving LIV Golf, its Saudi -backed rival, DealBook’s Lauren Hirsch and The Times’s Alan Blinder report. In a scathing resignation letter obtained by DealBook, Mr. Stephenson, the former AT&T chair, said that he — like most of the board — was left out of the loop as the tour negotiated a deal with Saudi Arabia’s sovereign wealth fund that jolted the sports world. (In fact, he had already lately taken to attending most board meetings via videoconference, save for last month’s meeting in Michigan.)

Persons: Randall Stephenson, LIV Golf, DealBook’s Lauren Hirsch, Alan Blinder, DealBook, Stephenson, —, Mr, Jamal Khashoggi, ” Mr Organizations: Investigations, AT Locations: Saudi, Michigan

☆ Bond yields and volatility are spiking. These ETFs should benefit
▼ + stars: | 2023-07-06 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Wall Street's glide toward higher stocks and falling bond yields was jolted into reverse Thursday, as surprisingly strong economic data sent bond yields soaring and stocks tumbling . For example, the iPath Series B S & P 500 VIX Short-Term Futures ETN (VXX) and the ProShares VIX Short-Term Futures ETF (VIXY) serve as bets that investor expectations of volatility will go up from here. The UVXY is designed to provide 1.5-times returns of the VIX short-term futures and was up about 8% in midday trading. Rising yields Profiting from rate spikes through bond funds can be a bit tricky. The biggest fund in that space is the iShares Floating Rate Bond ETF (FLOT) , which was little changed on Thursday.

Persons: PFIX, FLOT Organizations: Treasury, Dow Jones, US Treasury

☆ Ukrainian Writer Victoria Amelina Dies After Kramatorsk Strike
▼ + stars: | 2023-07-03 | by ( Cassandra Vinograd | ) www.nytimes.com time to read: +1 min

KYIV, Ukraine — Victoria Amelina, one of Ukraine’s best known young writers, has died from injuries sustained in a Russian missile strike on a crowded restaurant in eastern Ukraine. Her death brought to 13 the number of civilians killed in the attack on the Ria Lounge restaurant in the city of Kramatorsk on June 27. Ms. Amelina was dining with a Colombian delegation when the missile ripped into the restaurant. “Doctors and paramedics in Kramatorsk and Dnipro did everything they could to save her life,” the writers’ group PEN Ukraine said in a statement late Sunday. Days before the attack, Ms. Amelina had attended the Kyiv Book Arsenal, a large literary festival in Ukraine’s capital.

Persons: Victoria Amelina, Amelina Organizations: Victoria, Ria, Colombian, PEN, Arsenal Locations: KYIV, Ukraine, Russian, Kramatorsk, Dnipro, PEN Ukraine, Kyiv

☆ An earthquake destroyed their California home days before Christmas. They still have to pay the mortgage
▼ + stars: | 2023-07-02 | by ( Nouran Salahieh | ) edition.cnn.com time to read: +14 min

A 6.4 magnitude earthquake had just struck Rio Dell, California, upending homes and lives for the community of 3,400 people near Oregon. “It’s a gamble to not have it,” Rio Dell City Manager Kyle Knopp said. A whopping 90% of homes in California aren’t covered by earthquake insurance, according to Glenn Pomeroy, CEO of the California Earthquake Authority, a nonprofit quake insurer established by the state. Gavin Newsom proclaimed an emergency for Humboldt County, where Rio Dell is located, in part to help local governments access services. Despite seeing how costly earthquake damage can be, she doubts she’ll buy earthquake insurance for her next home.

Persons: CNN —, Jacqui McIntosh, Rio, McIntosh, ”, unlivable, “ It’s, Fred Greaves, “, Kyle Knopp, Glenn Pomeroy, ” Brian Ferguson, Knopp, ” Knopp, Randy Jensen, ” Jensen, Jensen, Jane Tyska, ” Pomeroy, that’s, Pomeroy, Gavin Newsom, Michelle Bushnell, Bushnell, it’s, Keith Porter, Kent Porter, Bolt, Porter, ” Porter, ‘, Alyssa Jorgensen, Jorgensen, didn’t, ” McIntosh Organizations: CNN, Dell, California Earthquake Authority, California Governor’s, Emergency Services, Mendocino Triple Junction, FEMA, Rio Dell, Reuters, Rio Dell Water, Media, East Bay Times, San, Small Business Administration, Institute, The Press Democrat, Mitigation, retrofits, Earthquake, California Earthquake Locations: Rio Dell , California, Oregon, Rio Dell, California, It’s, Mendocino, Cape Mendocino, Northern California, Montecito, Beverly Hills, Malibu, Rio, Humboldt County

☆ U.S. Drones to Help India Track Chinese Troops on Disputed Border
▼ + stars: | 2023-06-23 | by ( Rajesh Roy | ) www.wsj.com time to read: 1 min

NEW DELHI—In the far reaches of the Himalayas, drones sweep across the sky on a high-priority mission for India: scouring the vast, rugged terrain below for Chinese movement along the border of the two countries. Until a few years ago, India relied largely on human patrols to watch the disputed boundary. But that was a different, less-fraught era of relations between the neighbors. A deadly 2020 confrontation between their security forces jolted New Delhi and cast a chill over ties, driving both sides to increase border deployments of troops, weapons and surveillance equipment.

Locations: DELHI, India, New Delhi

☆ Drone Deal Will Help India Track Chinese Troops on Disputed Border
▼ + stars: | 2023-06-23 | by ( Rajesh Roy | ) www.wsj.com time to read: 1 min

Locations: DELHI, India, New Delhi

☆ A Flood, a Boxcutter and a Son’s Pursuit to Keep His Father’s Legacy
▼ + stars: | 2023-06-16 | by ( Rachel Sherman | ) www.nytimes.com time to read: +1 min

When a pipe burst in the warehouse that contained the artworks of the painter Nachume Miller, flooding the storage facility with pools of water and destroying hundreds of drawings and paintings, it was a wake-up call for Miller’s son, Danny Miller. About 600 works were destroyed in the flood in January 2018 — a fraction of his left-behind artistry. Danny, the middle child of three sons, recovered as many soggy boxes as he could and stuck them in the trunk of his car. It wasn’t until more than two years later he would return to them. “When the pandemic hit it was like, OK, I actually have time,” Danny, 41, who runs a creative design agency, said in a recent interview.

Persons: Nachume Miller, Danny Miller, Miller, —, Danny, ” Danny, ”, “

☆ UPS workers vote to authorize strike while cheering unexpected progress on heat safety
▼ + stars: | 2023-06-16 | by ( Adiel Kaplan | J.J. Mccorvey | ) www.cnbc.com time to read: +7 min

UPS acknowledged the vote outcome and noted that Friday's strike authorization doesn't automatically trigger a work stoppage. While many union members at UPS cast their votes on the strike authorization before the heat safety deal was announced, some drivers said afterward that other big priorities remain. Heat safety experts praised the preliminary agreement on air conditioning but cautioned that addressing the threat of extreme temperatures would take time. Seth Harris, a law and policy professor at Northeastern University who served as President Joe Biden's top labor policy adviser, said progress on heat safety at UPS could have broader ripple effects. Already, though, the concessions have jolted UPS workers and their allies with a dose of optimism.

Persons: Sean O'Brien, Zakk Luttrell, We've, it's, Luttrell, Amit Mehrotra, Mehrotra, Juley Fulcher, Fulcher, —, Seth Harris, Joe Biden's, Theresa Klenk, Klenk, — Annie Probert Organizations: Teamsters, UPS, NBC, Occupational Safety, Health Administration, Deutsche Bank, Logistics, FedEx, U.S . Postal, Public Citizen, Northeastern University, New, New Jersey UPS Locations: New Jersey

☆ Japan will stop yen decline beyond USD/JPY 145, most economists say: Reuters poll
▼ + stars: | 2023-06-15 | by ( Satoshi Sugiyama | ) www.reuters.com time to read: +4 min

TOKYO, June 15 (Reuters) - Japan's government and central bank will act to stop the yen's decline if it depreciates to the 145 per U.S. dollar level, more than half of economists polled by Reuters said. Fifteen of 28 economists (54%) said the government and the BOJ will take steps such as issuing a warning or intervening into the currency market once the yen weakens beyond 145 per greenback, the June 8-13 poll found. In a separate question on the weak yen's impact on BOJ policy, nine economists (31%) said the central bank's decisions could be swayed by a yen depreciation beyond 145 per dollar. In the poll, all but one - JP Morgan - out of 28 economists corroborated the view, citing an improved bond market functionality and Governor Kazuo Ueda's accommodative remarks so far. BOJ's Ueda has said an end to easy policy would depend on the economy achieving 2% inflation coupled with pay growth.

Persons: Harumi Taguchi, Morgan, Kazuo Ueda's accommodative, Hiroshi Watanabe, BOJ's Ueda, Satoshi Sugiyama, Kantaro Komiya, Veronica Khongwir, Anant Chandak, Christian Schmollinger Organizations: Reuters, Bank of Japan, P, Financial Services Agency, Sony Financial Group, Thomson Locations: TOKYO

☆ A Message for Russia as NATO Members Stage Major Air Exercise
▼ + stars: | 2023-06-12 | by ( Lara Jakes | ) www.nytimes.com time to read: +1 min

The largest military air exercises in Europe since the end of the Cold War began in Germany on Monday, as fighter jets, bombers and cargo planes took to the air in a pointed demonstration to Russia of how NATO would respond if attacked. The war games have been long in the works, but took on added urgency after the invasion of Ukraine, which alarmed NATO members that lie in the shadow of Russia and jolted the military alliance into reinventing itself after years of torpor. “Air power is the first response in a crisis,” Lt. Gen. Ingo Gerhartz, chief of the German Air Force, said in an interview at the close of Monday’s exercises — the first of 12 days unfolding at six bases across the country. They include its newest member, Finland, and Sweden, which is seeking admission. Japan attended as an observer.

Persons: Ingo Gerhartz Organizations: NATO, German Air Force, Japan Locations: Europe, Germany, Russia, Ukraine, United States, Finland, Sweden

☆ From ‘Pariah’ to Partner, Saudi Leader Defies Threats to Isolate Him
▼ + stars: | 2023-06-10 | by ( Ben Hubbard | ) www.nytimes.com time to read: +1 min

President Biden vowed during his quest for the White House to make the Saudi crown prince, Mohammed bin Salman, a “pariah” over the killing and dismemberment of a dissident. He threatened the prince again last fall with “consequences” for defying American wishes on oil policy. Mr. Biden, visiting Saudi Arabia last year, fist bumped Prince Mohammed when they met and regularly dispatches officials to see him — including his secretary of state, Antony J. Blinken, this past week. Senator Graham grinned next to the prince — known by his initials M.B.S. — during a visit to Saudi Arabia in April.

Persons: Biden, Mohammed bin Salman, Lindsey Graham, Prince Mohammed, “, Jay Monahan, —, Antony J, Graham grinned, Monahan, LIV, ”, Abdullah Alaoudh Organizations: White, Republican, PGA Tour, PGA, LIV Golf, Freedom Initiative Locations: Saudi, Saudi Arabia, Washington

☆ The stock market is headed for a critical week as investors brace for new inflation data and a key Fed meeting
▼ + stars: | 2023-06-09 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Next week is critical for the stock market as investors brace for CPI data and a Federal Reserve meeting. Fundstrat's Tom Lee said a low inflation reading could boost stocks as it would bolster a Fed pause in interest rate hikes. That would be a positive surprise because it would bolster the Fed's potential decision to pause interest rate hikes this month and in July. "If this plays out, the Fed's pause will morph into a data dependent mode, where the bar is raised for further [interest rate] hikes," Lee said. "We expect investors to see this as a green light for risky assets, which means equity investors will not be fighting the Fed."

Persons: Fundstrat's Tom Lee, Lee, —, Tom Lee Organizations: Federal Reserve, Service, Federal, CPI

The Bank of Japan is the only major central bank that now has negative rates following aggressive tightening globally to combat inflation. It has hinted that it will alter yield curve control -- where it guides short-term rates at -0.1% and 10-year Japan government bond yield around zero -- at some point. Japanese investors hold around $1.84 trillion in foreign assets, according to Deutsche Bank. "Recent inflows into Japanese markets are mainly driven by the foreign investors," Murao said. "We do not really have a global champion such as Google, Amazon, or Meta in the Japanese markets," Murao added.

Persons: Florence Lo, Yuichi Murao, Murao, I've, Amanda Cooper, Dhara, Christina Fincher Organizations: REUTERS, Nomura Asset Management, Reuters, The Bank of Japan, Nomura, Management, Equity, Treasury, Nikkei, Deutsche Bank, Apple, Visa, Toyota, Sony, PlayStation, Thomson Locations: Japan, Tokyo

But rescuers expect the death toll to rise further, as many people are thought to be trapped under upturned carriages. A damaged train carriage, following the deadly collision in Balasore, India, on June 2. Video footage and photographs from Friday’s crash site show scenes of chaos and despair. Rescuers search for survivors at the site of the crash in Balasore district, in the eastern Indian state of Odisha, on June 2. The latest crash comes as India carries out a major overhaul of its infrastructure, with the country investing millions to modernize transport links.

Persons: Sudhanshu Sarangi, Railway Minister Ashwini Vaishnaw, Narendra Singh Bundela, ” Bundela, ”, “, Narendra Modi, Modi Organizations: CNN, Rescuers, Fire Services, NDTV, Railway Minister, Response Force, Press Trust of, Force, Rapid Action Force, Soro Block, “, Bharatiya Janata Party, National Crime Records, Western Locations: India, Balasore, Odisha, Bahanaga, Balasore district, Press Trust of India, Soro, Uttar Pradesh, New Delhi, Mumbai, country’s Jammu, Kashmir

More than 280 people were killed and over 1,100 injured in a three-way crash involving two passenger trains and a freight train in eastern Odisha state on Friday, officials said. BJP4India/TwitterThe cause of Friday’s crash remains unclear, but senior state railway officials told CNN that it is suspected to have been caused by a traffic signaling failure. Video footage and photographs from the crash site near Bahanaga Bazar rail station showed scenes of chaos and despair. An official overseas rescue efforts at the site of the train crash in Balasore. An aerial view of the derailed coaches in Balasore.

Persons: Narendra Modi, Modi, Ashwini Vaishnaw, ” Modi, “, “ It’s, Sudhanshu Sarangi, “ We’ve, Piyal Adhikary, Anshuman Purohit, ” Rohit Raj, Dibyangshu Sarkar, ”, Narendra Singh Bundela, ” Bundela, Stringer, Rafiq Maqbool, AP Modi, Shehbaz Sharif, Rishi Sunak, Ursula von der Leyen, Fumio Kishida Organizations: India CNN — Indian, Bharat, CNN, Chennai Coromandel, Passengers, NDTV, Getty, Response Force, Reuters, National Crime Records, Western, AP, Force, Rapid Action Force, Soro Block, “, British, EU, Japan’s Locations: Bhubaneswar, India, Odisha, Balasore, Shalimar, Chennai, Yesvantpur, Howrah, Bahanaga Bazar, AFP, Andhra Pradesh, Uttar Pradesh, New Delhi, Mumbai, country’s Jammu, Kashmir, Soro

KYIV, Ukraine — Russia targeted the Ukrainian capital, Kyiv, yet again with a missile attack in the early hours of Thursday, killing three people, including a mother and child who were not able to get into a shelter, officials said. Ukraine’s general staff headquarters said Kyiv had been attacked by a volley of 10 Iskander ballistic missiles, all of which were shot down. “For 15 months, Russian aggression and terror have been destroying not just buildings, but fundamental human rights — the fundamental rights of our children,” he said. Officials in Kyiv said that some Children’s Day events scheduled for Thursday had been canceled. Andrew E. Kramer and Nicole Tung reported from Kyiv, Ukraine, and Victoria Kim from Seoul.

Persons: Kyiv’s, Vitali Klitschko, Ukraine’s, Klitschko, ”, Volodymyr Zelensky, Andrew E, Kramer, Nicole Tung, Victoria Kim, Marc Santora, Juston Jones Organizations: Police Locations: KYIV, Ukraine, Russia, Kyiv, Seoul, New York

☆ Another Early Morning Attack in Kyiv Kills Three
▼ + stars: | 2023-05-31 | by ( Juston Jones | ) www.nytimes.com time to read: +1 min

Russia targeted the Ukrainian capital, Kyiv, yet again in the early morning hours on Thursday, with air raid sirens warning residents to take shelter and loud booms from the air defense systems heard throughout the city. Kyiv’s mayor, Vitali Klitschko, said on the Telegram messaging app that according to preliminary information from emergency medical workers, three people had been killed, two of them children, and at least 14 injured, probably from debris that fell when the air defense systems shot down incoming drones. Of the injured, nine were hospitalized, the mayor added. It was yet another night when explosions in different parts of the city of 3.6 million jolted people out of bed and sent them scurrying for cover. And Thursday’s strikes seemed to suggest it would be more of the same in June.

Persons: Vitali Klitschko Locations: Russia, Kyiv, Kyiv’s

☆ I Witnessed a Missile Attack in Kyiv, Ukraine - The New York Times
▼ + stars: | 2023-05-18 | by ( David French | ) www.nytimes.com time to read: +2 min

KYIV, Ukraine — This week, I was jolted awake by an air raid siren for the first time since my service in Iraq just over a decade ago. It was roughly 3 a.m. on Monday night, and I was sleeping soundly here in Ukraine’s capital. Ukrainian officials called it “exceptional.”The inbound missiles included Kinzhal hypersonic missiles, among the most vaunted weapons in the Russian arsenal. The skies lit up over Kyiv as the Ukrainians launched air defenses, including what appeared to be American-made Patriot missiles. And yet again Russian military capabilities had proven to be exaggerated.

☆ Plunging Tax Revenue Accelerates Debt-Ceiling Deadline
▼ + stars: | 2023-05-13 | by ( Richard Rubin | ) www.wsj.com time to read: 1 min

As Democrats and Republicans debate raising the debt ceiling, they both agree that a default would be disastrous for the economy. WSJ explains why U.S. debt has become the center of the economy. That crunch came months sooner than expected, raising the specter of a default on federal obligations unless Congress increases the debt ceiling. The reason: the expected annual gusher of tax-season payments didn’t flood into the Treasury. When the Congressional Budget Office analyzed tax collections for the current fiscal year through April, the tally fell about $250 billion short of predictions from just a few months ago.

☆ Meet a boomer who retired from a 6-figure job so he wouldn't have to work remotely full time
▼ + stars: | 2023-05-07 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

He said he didn't have the self-discipline for remote work and likes being around people. He found during those couple of weeks that something that makes remote work appealing to many — the ability to structure time away from the eyes of coworkers — didn't really work for him. Remote work is "just not for me," he said. For many people, remote work has allowed them to flex their autonomy over their working conditions and lives. But for Bond, who worried about self-discipline and a lack of separation between home and work, working in person became his ideal.

☆ Opinion: My family and I barely escaped from Khartoum. Here’s what we owe those left behind.
▼ + stars: | 2023-05-06 | by ( Opinion Mohamed Eisa | ) edition.cnn.com time to read: +9 min

At my mother’s house in Khartoum, friends and family kept us company, mourning with us and exchanging stories late into the night. After all, my family lived on one of the busiest streets in a packed city. Only then did I realize that my family and I were trapped in the middle of a war zone in the heart of Khartoum. In 2019, an uprising by the Sudanese people spurred the SAF and RSF to remove longtime dictator Omar al-Bashir from power. The silence was haunting, a scene out of a horror movie: abandoned cars ablaze; scores of dead bodies rotting in the streets; RSF soldiers glaring and pointing their guns directly at us.

Though stocks remain near their 2023 highs, some investors now believe those factors will soon start taking a greater toll, limiting further upside. The market may be "back in the soup on the banking crisis," said Chuck Carlson, chief executive officer at Horizon Investment Services. Many investors don’t expect that calm to continue, as a battle over raising the $34 trillion U.S. debt ceiling looms. In the six rate-hiking cycles since 1984, the S&P 500 has posted an average three-month return of 8% following the peak funds rate, Goldman Sachs strategists wrote. However, the S&P 500 is already trading well above its valuation at the end of any cycle except the one ending in 2000, when the S&P 500 declined despite a Fed pause, the bank said.

Hemedti and Burhan have both excluded the idea of negotiating with each other in public comments since the fighting began. An aide to Hemedti did not respond to questions from Reuters about whether he was ready to negotiate or hold peace talks. "What are they going to talk about that wasn't on the table before the conflict started?" said the diplomat, adding that neither side could win a decisive military victory or control of all Sudan's territory. The RSF, which has bases across Sudan, has meanwhile depicted the army as "extremists", an apparent reference to the influence Hemedti says Islamists wield in the military.

This month, an anonymous producer jolted the music industry by using artificial intelligence to impersonate the singers Drake and the Weeknd, creating a fake track, “Heart on My Sleeve,” that quickly went viral. Joe Coscarelli, a culture reporter for The Times, talks about how the song’s rise and fall could presage widespread changes in the way music is made.

Search resuls for: "jolted"

25 mentions found