DIRS.INFO The most relevant business & tech news

☆ Some college graduates only need to make a $50,000 salary for a decade for their degrees to be worth it
▼ + stars: | 2024-05-28 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

College degrees are under fire given the pain of student debt and political and economic troubles. Some public university graduates only need to earn over $50,000 for a decade to make a return. Graduates pay more to live in popular states but they can win due to better job markets there. AdvertisementCrushing debt, political furor, and a brutal economic backdrop of historic inflation and higher borrowing costs have fueled fresh skepticism about the value of a college degree. Yet, stumping up the cash for one may still be worth it financially if it results in significantly higher earnings.

Persons: — Organizations: Service, Street Journal, Strada Education, Business

☆ 21 states where recession bells are ringing after unemployment jumps
▼ + stars: | 2024-05-27 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Rising unemployment in nearly half of US states points to a recession this year, one economist says. 21 states have seen a jump in joblessness over the last year, Piper Sandler's Nancy Lazar told BI. AdvertisementUnemployment has risen sharply in nearly half of US states, paving the way for a recession later this year, one top economist says. Piper Sandler's chief global economist, Nancy Lazar, highlighted 21 states to Business Insider where three-month average unemployment has risen by at least 0.5 percentage points over the past 12 months. This story is available exclusively to Business Insider subscribers.

Persons: Piper Sandler's Nancy Lazar, —, Piper Sandler's, Nancy Lazar Organizations: Service, Business Locations: joblessness

☆ Recession will strike this year with 21 states flashing red already, top economist says
▼ + stars: | 2024-05-25 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Rising unemployment in 21 states points to a recession later this year, Nancy Lazar says. AdvertisementJob markets in nearly half of US states are flashing red, signaling a recession will hit by the end of this year, one expert warned. Nancy Lazar, Piper Sandler's chief global economist, told Business Insider that unemployment has risen significantly in 21 states. Specifically, three-month average unemployment has increased by at least 0.5 percentage points from its low over the last 12 months in all 21 states. This story is available exclusively to Business Insider subscribers.

Persons: Nancy Lazar, Piper Sandler's, —, Piper Organizations: Service, Business Locations: California, Illinois

☆ Bella Hadid makes a statement with her keffiyeh-inspired dress at Cannes Film Festival
▼ + stars: | 2024-05-24 | by ( Rosa Rahimi | ) edition.cnn.com time to read: +2 min

CNN —Bella Hadid stepped out in a red keffiyeh-inspired dress at the Cannes Film Festival on Thursday, in a nod to her Palestinian heritage. Bella Hadid is seen during the 77th Cannes Film Festival. Hadid’s dress is from the archives of Michael and Hushi, a New York-based brand founded by Michael Sears and Hushidar Mortezaie. Some on social media were quick to point out that Hadid’s dress was not technically a Palestinian keffiyeh, with the colors more closely resembling those used in Jordan and Saudi Arabia. Hopefully we can all learn to stand in unity and love against genocide,” he wrote on Instagram.

Persons: CNN — Bella Hadid, Mohamed Hadid, Michael, Hushi, ”, Bella Hadid, Jacopo Raule, Hadid, Michael Sears, Hushidar, Carrie Bradshaw Organizations: CNN, Cannes, Cannes Film, Mortezaie, Google, City Locations: Palestinian, American, “, Palestine, Gaza, Bella, New York, Jordan, Saudi Arabia

☆ Buying a piece of Nvidia is about to get a whole lot cheaper
▼ + stars: | 2024-05-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Read previewBuying a share of Nvidia is about to get a lot cheaper. The microchip maker announced a 10-for-1 stock split in its first-quarter earnings on Wednesday. Nvidia's management said the goal of the stock split was to "make stock ownership more accessible to employees and investors." Chipotle approved a 50-for-1 stock split in April, saying it would make its shares "more accessible to employees as well as a broader range of investors." AdvertisementHe did so because Berkshire was acquiring a railway company, and he wanted its shareholders to be able to easily exchange their shares for Berkshire shares in a tax-free swap.

Persons: —, Price, Elon Musk's Tesla, Warren Buffett, it's Organizations: Service, Nvidia, Business, Dow, Big Tech, Apple, Microsoft, EV, Berkshire Hathaway's, Berkshire, Burlington Northern Locations: Berkshire

☆ RFK Jr. joins the meme-stock crowd — and plows $24,000 into GameStop in a show of support
▼ + stars: | 2024-05-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

The meme-stock "apes" have attracted a new member: Robert F. Kennedy Jr. The presidential candidate said he'd bought $24,000 of GameStop stock in a show of support. Kennedy endorsed retail investors' calls for reforming Wall Street to level the playing field. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRobert F. Kennedy Jr. has joined the meme-stock movement — and shown he's serious by investing in GameStop.

Persons: Robert F, Kennedy Jr, he'd, Kennedy, — Organizations: GameStop, Service, Business Locations: Wall Street

☆ Recession is still a real threat, Jamie Dimon and David Solomon warn
▼ + stars: | 2024-05-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Read previewPersistent inflation and a full-blown recession are still firmly on the table, two Wall Street titans have warned. Jamie Dimon told CNBC on Thursday that sticky inflation is more likely than many people think. Dimon said the "worst outcome" would be stagflation — a painful combination of elevated inflation, higher rates, and a recession that would hit consumers and pull down corporate profits. No cuts and a real slowdownDavid Solomon struck a similar tone at a Boston College event on Wednesday, Bloomberg reported. Solomon also said in March that he was less certain of a soft landing than the market consensus.

Persons: —, Jamie Dimon, Dimon, David Solomon, Goldman Sachs, Solomon Organizations: Service, Wall, CNBC, JPMorgan, Business, Federal Reserve, Boston, Bloomberg

☆ Recession is coming — and a raft of companies will fail, warns elite investor Jeffrey Gundlach
▼ + stars: | 2024-05-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Read previewPrepare for a recession to strike and companies to collapse as stubborn inflation and sticky interest rates take their toll, Jeffrey Gundlach warned. The economy will suffer a prolonged downturn this year or next, the billionaire investor told Fox Business on Tuesday. Persistently higher rates will drive some companies to ruin and tank the wider economy, he predicted. "I think that higher for longer is going to lead to a recession," Gundlach said. "You're not going to take out Tesla necessarily — they might have other problems, but it's not going to be because of interest rates.

Persons: —, Jeffrey Gundlach, Gundlach, Tesla, it's Organizations: Service, Fox Business, Business, DoubleLine

☆ How Should the Stories of Migrants Be Told?
▼ + stars: | 2024-05-22 | by ( Dinaw Mengestu | ) www.nytimes.com time to read: +2 min

THE SILENCE OF THE CHOIR, by Mohamed Mbougar Sarr. Mohamed Mbougar Sarr’s second novel, “The Silence of the Choir,” opens with the arrival of 72 migrants in a fictional Sicilian village called Altino, an ideal narrative framework to test a novel’s empathetic capacity. The migrants may be the newcomers, but Sarr is too interesting and thoughtful a writer to simply answer the inevitable question: Will the good people of Altino learn to care about these men? His interest, rather, is in finding what kind of narrative form, if any, is best suited to such a task. Traoré’s story is so hard to tell that Sarr interrupts the narration halfway through and turns it into a play.

Persons: Mohamed Mbougar Sarr, Alison Anderson, Mohamed Mbougar Sarr’s, ”, Mount, Sarr, Jogoy, Fousseyni Organizations: Choir Locations: Senegal, Nigeria, Ghana, Mali, Mount Etna, Sicily, Malian

☆ Jamie Dimon warns inflation and higher interest rates may linger — and people are running out of spare cash
▼ + stars: | 2024-05-21 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Related storiesDimon warned against dismissing inflation and elevated interest rates as temporary headwinds. "That's a different world for real estate. It's a different world for assets. It's a different world for private credit. In his shareholder letter this year, he called out market complacency toward the threats of inflation, interest rates, and recession.

Persons: —, Jamie Dimon, largesse, I'm, Dimon, Warren Buffett, there's, It's Organizations: Service, AlphaSense, Business, JPMorgan, Wall Locations: Ukraine, Gaza, Russia, China, It's

☆ Don't feel bad for Gen Z and millennials — they'll work less and live longer, says Jamie Dimon
▼ + stars: | 2024-05-21 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

"I don't feel so bad for Gen Z and millennials," Dimon said, noting his grandparents were Greek immigrants who arrived in the US with nothing but "a shirt on their back." "They're going to be working probably 3.5 days a week. They're going to live to 100. They're going to be in pretty good shape, provided the world doesn't destroy it all with nuclear weapons, which is the biggest risk in the world." Related storiesDimon also emphasized that in the decades ahead, younger generations will inherit trillions of dollars and benefit from mammoth investments in healthcare, education, and other areas.

Persons: —, they've, Jamie Dimon, Dimon, They're, Gen Z, X Organizations: Service, Business, AlphaSense Locations: America

☆ Don't feel bad for Gen Z and millennials — they'll work less and live longer, Jamie Dimon says
▼ + stars: | 2024-05-21 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

"I don't feel so bad for Gen Z and millennials," Dimon said, adding that his grandparents were Greek immigrants who arrived in the US with nothing but "a shirt on their back." "They're going to be working probably 3.5 days a week. They're going to live to 100. They're going to be in pretty good shape, provided the world doesn't destroy it all with nuclear weapons, which is the biggest risk in the world." Related storiesDimon added that in the decades ahead, younger generations would inherit trillions of dollars and benefit from mammoth investments in healthcare, education, and other areas.

Persons: —, they've, Jamie Dimon, Dimon, They're, Gen, Xers — Organizations: Service, Business, AlphaSense Locations: America

☆ Recession seems almost certain with 19 states in trouble already, expert warns
▼ + stars: | 2024-05-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Read previewGet ready for a recession that hammers consumers, squeezes companies, and drags down stocks, a veteran economist warned. "There is a very high probability of a recession," Nancy Lazar, Piper Sandler's chief global economist, told WealthTrack in a recent interview. Whenever that many states have recorded significant increases in joblessness in the past, there's been a nationwide recession, she noted. AdvertisementSeveral parts of the economy are "really, really struggling," Lazar continued. "If we have a recession, inflation will slow," she said.

Persons: —, Nancy Lazar, Piper, WealthTrack, Lazar, you've, You've, Lazar said, there's, They've, I'm, I've Organizations: Service, Cornerstone Macro, Business, Fed Locations: joblessness

☆ Michael Burry and John Paulson hit the jackpot when they called the housing crash. Now they're betting on gold.
▼ + stars: | 2024-05-19 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Michael Burry of "The Big Short" fame revealed an $8 million wager on gold this week. The renowned investor bought into a trust that owns physical gold bullion. John Paulson, who also called the mid-2000s housing crash, continues to bet big on gold. The investor of "The Big Short" fame purchased about 441,000 units of the Sprott Physical Gold Trust last quarter. The trust holds virtually all of its assets in physical gold bullion.

Persons: Michael Burry, John Paulson, —, Michael Burry isn't Organizations: Service, Scion, Management, Business

☆ Warren Buffett warned AI is like the atomic bomb, but this expert thinks he's being way too gloomy
▼ + stars: | 2024-05-18 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Warren Buffett's warning that AI is like the atomic bomb is too negative, one expert says. AI could free human workers to create things and solve problems instead of replacing them, he said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The elite investor compared AI to the atomic bomb during Berkshire Hathaway's annual shareholder meeting this month. This story is available exclusively to Business Insider subscribers.

Persons: Warren, Babak Zafari, —, Buffett, we'd Organizations: Service, Business Locations: Berkshire

☆ China just unveiled the strongest remedies yet for its troubled housing market
▼ + stars: | 2024-05-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

The Chinese government unveiled a raft of measures to stimulate its embattled housing market. It will remove the floor on mortgage rates, offer cheaper housing loans, and lower down payments. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChinese authorities just announced their biggest effort yet to shore up the troubled housing market. This story is available exclusively to Business Insider subscribers.

Persons: Overbuilding, — Organizations: Service, People's Bank of, Business Locations: People's Bank of China

☆ Elite investor Ray Dalio says risk of US civil war is up to 40% — and thinks Taylor Swift could be a good president
▼ + stars: | 2024-05-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Ray Dalio sees up to a 40% chance that political division in the US escalates into civil war. The hedge fund billionaire has repeatedly warned about US debt and internal and external conflicts. Dalio half-jokingly endorsed Taylor Swift for president, citing her ability to unite people. AdvertisementRay Dalio warned the probability of a US civil war is as high as 40% — and said he might back Taylor Swift if she ran for president. This story is available exclusively to Business Insider subscribers.

Persons: Ray Dalio, Taylor Swift, — Organizations: Service, Financial Times, Bridgewater Associates, Business

☆ A legendary hedge fund exited its GameStop bet before the meme stock's 550% spike
▼ + stars: | 2024-05-16 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

A storied hedge fund exited its GameStop wager last quarter, before the meme stock's epic surge. Paul Tudor Jones' firm held call options on 44,300 shares and puts on 27,800 shares in December. GameStop stock soared as much as 550% between late April and Tuesday, but has now pared those gains. AdvertisementA legendary hedge fund exited its GameStop position before the meme stock surged as much as 550%. Tudor Jones' firm also held bearish put options on 27,800 GameStop shares with a notional value of around $487,000.

Persons: Paul Tudor Jones, —, Tudor Jones, bearish Organizations: GameStop, Service, Tudor Investment Corporation, SEC, Business

☆ An elite hedge fund bought 1 million GameStop shares before the meme stock's 400% surge
▼ + stars: | 2024-05-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

A top hedge fund built a GameStop stake from scratch last quarter ahead of the meme stock's surge. Renaissance Technologies' 1 million shares were briefly worth $65 million at Tuesday's high. AdvertisementA world-beating hedge fund revealed it built a GameStop stake from scratch last quarter, making it a potential winner from the meme stock's explosive leap this week. Renaissance Technologies owned 1 million shares of the video-game retailer at the end of March, a position worth $13 million at the time, its first-quarter portfolio update shows. GameStop stock was up more than 400% at its Tuesday high, briefly valuing RenTech's stake at $65 million if still intact.

Persons: Jim Simons, — Organizations: GameStop, Technologies, AMC, Nvidia, Service, Renaissance Technologies, Business

☆ A France in Shock Confronts the Violence in Its Midst
▼ + stars: | 2024-05-15 | by ( Roger Cohen | ) www.nytimes.com time to read: +1 min

If France is a country of illusions — a beautiful and seductive land offering many of life’s greatest pleasures that sits atop and conceals a crime-ridden, drug-plagued world of violence — then the past week offered a rude awakening to this dual reality. The Olympic flame arrived on French soil last week in the ancient port city of Marseille as a joyous crowd thronged the beautiful harbor. The chatter was of peace ahead of the Games, which begin in July. But the flame also arrived in a city whose northern districts are the epicenter of the French drug trade, where 49 people were killed last year and 123 injured in drug-related shootings. This, just 85 miles from the capital, was a methodical execution in broad daylight on the main road from Paris to Normandy.

Persons: —, Mohamed Amra, Jérôme Durain, “, ” Organizations: Socialist Party Locations: France, Marseille, Paris, Normandy

Here’s what we know so far about the escaped inmate, as a search involving hundreds of police officers enters its second day. ‘Well known’ to authoritiesMohamed Amra, nicknamed “La Mouche” or “The Fly,” is “very well known” to the French justice system having sustained a total of 13 convictions, according to Paris state prosecutor Laure Beccuau. It is understood that Amra had attempted to escape from Évreux prison two days prior to the ambush. So colleagues moved him to a disciplinary unit.”In an interview on French radio, Amra’s mother said she broke down crying when she heard about the deadly ambush. French Justice Minister Eric Dupond-Moretti told reporters that the incident was the first time a French prison employee has died while working since 1992.

Persons: Mohamed Amra, “, Laure Beccuau, Amra, Amra’s, Hugues Vivier, Beccuau, BFMTV, Emmanuel Baudin, ”, France’s, Christophe Petit Tesson, Gerald Darmanin, Eric Dupond, Moretti, Emmanuel Macron Organizations: CNN, Reuters, France’s RTL, Interpol Locations: Normandy, France, Rouen, Évreux, Paris, Marseilles, Marseille

☆ People are raiding their savings and racking up debt, paving the way for economic pain, expert warns
▼ + stars: | 2024-05-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

People are spending almost every dollar they have to keep up with rising prices and interest costs. They're cutting back wherever they can, paving the way for an economic slump, Stephanie Pomboy said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "They're spending every dollar they have, and then some, just to keep up with the basic necessities." This story is available exclusively to Business Insider subscribers.

Persons: Stephanie Pomboy, — Organizations: Service, Business

☆ 'Big Short' investor Michael Burry exits Amazon and Alphabet — but boosts Alibaba and bets on Baidu
▼ + stars: | 2024-05-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Michael Burry published a first-quarter portfolio update on Wednesday. The Scion Asset Management chief pared down his stock positions from 25 to 16 but boosted several bets. Burry is known for his wager against the mid-2000s housing bubble, chronicled in "The Big Short." AdvertisementMichael Burry ramped up his bets on a raft of stocks while slashing his number of holdings last quarter. This story is available exclusively to Business Insider subscribers.

Persons: Michael Burry, —, Michael Burry ramped Organizations: Scion Asset Management, Service, Business

☆ Warren Buffett's company reveals its mystery bet is a nearly $7 billion stake in insurance giant Chubb
▼ + stars: | 2024-05-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Warren Buffett's secret stock is Chubb, an insurance giant. Berkshire Hathaway quietly built a 6.4% stake in under nine months, worth $6.7 billion as of March. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Buffett's company initially purchased 8.1 million Chubb shares worth $1.7 billion at the end of September, then boosted the position to 20.1 million shares valued at $4.5 billion at December's close. It raised the bet to 25.9 million shares worth $6.7 billion at the end of March, SEC filings revealed on Wednesday.

Persons: Warren, Berkshire Hathaway, Buffett, —, Warren Buffett Organizations: Berkshire, Apple, Service, Berkshire Hathaway, Chubb, SEC, Business

☆ ‘We give birth only to lose them’: Injured Palestinian mothers grieve for babies killed in Gaza
▼ + stars: | 2024-05-14 | by ( Sarah Sirgany | Jomana Karadsheh | ) edition.cnn.com time to read: +11 min

Hijazi tells her story in a faint voice lying in a hospital bed in Doha, Qatar’s capital. Hijazi was evacuated from Gaza for medical treatment a month after her injury. Doctors Hasan Abuhejleh and Ahmed AlSaadi inspect Gaza patients at the Hamad hospital in Doha, Qatar. Like many patients coming out of Gaza, she has a drug-resistant infection picked up in the territory’s struggling hospitals. Despite the different outcome of their pregnancies, Alqutati and Hijazi describe a similar despair that shackles them to the horrors of the war in Gaza.

Persons: Raneem Hijazi, Azzouz, ”, Khan Younis, “, Mariam, cesarian, Hijazi, ‘, ’ ” Hijazi, hasn’t, I’ve, Hasan Abuhejleh, Ahmed AlSaadi, Hamad, Sanjiv Talreja, Ola, Darren Bull, Shaimaa Al, Ghoul, Hothaifa, Mohamed, Abdullah, Shahed Alqutati, Ali, ‘ Ali, ’, ‘ Shahed, Sham, Alqutati, I’ll, ” Hijazi Organizations: Doha CNN, CNN, Hamad Hospital, United Nations, Shifa Locations: Qatar, Doha, Gaza, Qatar’s, Egypt, orthopedics, Israel, Rafah, Territories, Sabha, Al, Gaza City

Search resuls for: "mohamed"

25 mentions found