DIRS.INFO The most relevant business & tech news

American workers are still quitting their jobs, per Bureau of Labor Statistics data. The Bureau of Labor Statistics' newly released monthly Job Openings and Labor Turnover Survey shows that job openings are still high, even though they dropped slightly from April. Plus, the number of workers quitting their jobs actually grew in May, all while layoffs stayed near historic lows. It signals a labor market where workers — especially blue-collar workers — still feel comfortable leaving their jobs, with plenty of opportunities awaiting them, including remote and hybrid options. The sector — which houses, in part, tech workers — was one industry among a handful that saw a dip in its quit rate.

Persons: —, Nick Bunker, it's, Bunker, Joanne Hsu, Hsu, There's Organizations: Labor Statistics, Service, Privacy, Labor, Survey, Bureau of Labor Statistics, University of Michigan, Consumers

LOS ANGELES, July 5 (Reuters) - When actress Stephanie Hsu realized there were no limits to how outrageous she could be in the film "Joy Ride," she was confident it was going to be a "good time." "Joy Ride" follows childhood friends Audrey and Lolo, who are joined by Lolo's cousin Deadeye and Audrey's former college roommate Kat as they embark on a wild journey to China to find Audrey's birth mother. It features an all-Asian main cast with queer and non-binary actors that introduce multi-faceted characters who reach beyond racial or gender stereotypes. We definitely throw the patriarchy around in a way that is awesome," said Wu, who is non-binary. Reporting by Danielle Broadway and Rollo Ross; Editing by Mary Milliken and Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

Persons: Stephanie Hsu, Adele Lim, Rich, Hsu, Oscar, Audrey, Lolo, Lolo's, Deadeye, Kat, Emily, Ashley Park, Audrey Sullivan, Sherry Cola, Sabrina Wu, Wu, Danielle Broadway, Rollo Ross, Mary Milliken, Rosalba O'Brien Organizations: Lionsgate, Thomson Locations: ANGELES, China, Southwest, Paris

A federal judge’s decision this week to restrict the government’s communication with social media platforms could have broad side effects, according to researchers and groups that combat hate speech, online abuse and disinformation: It could further hamper efforts to curb harmful content. Alice E. Marwick, a researcher at the University of North Carolina at Chapel Hill, was one of several disinformation experts who said on Wednesday that the ruling could impede work meant to keep false claims about vaccines and voter fraud from spreading. The order, she said, followed other efforts, largely from Republicans, that are “part of an organized campaign pushing back on the idea of disinformation as a whole.”Judge Terry A. Doughty granted a preliminary injunction on Tuesday, saying the Department of Health and Human Services and the Federal Bureau of Investigation, along with other parts of the government, must stop corresponding with social media companies for “the purpose of urging, encouraging, pressuring or inducing in any manner the removal, deletion, suppression or reduction of content containing protected free speech.”

Persons: Alice E, ”, Terry A, Doughty Organizations: University of North, of Health, Human Services, Federal Bureau of Locations: University of North Carolina, Chapel

☆ Bad news on China's economy now is 'good' news, says fund manager
▼ + stars: | 2023-07-03 | 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 EmailBad news on China's economy now is 'good' news, says fund managerAny bad news on the Chinese economy now is probably "good" because the market is expecting decisive policy support to stimulate growth, says Jason Hsu, chairman and chief investment officer of Rayliant Global Advisors.

Persons: Jason Hsu Organizations: Rayliant Global Advisors

☆ Amy Schumer surprises cast of ‘Joy Ride,’ praises their film as the ‘comedy of the summer’
▼ + stars: | 2023-07-01 | by ( Dan Heching | ) edition.cnn.com time to read: +1 min

CNN —The cast of new comedy “Joy Ride” was in for a treat on Friday, when legendary comic and actor Amy Schumer surprised them during their press tour in Miami. “Hi, this is Amy Schumer from Ilovejoyride.com,” Schumer joked while the cast stared at the screen with shocked looks. Amy Schumer in New York City in October 2022. I cannot tell you how much I loved this movie and how much I needed it.”“It is my girl, friend, everyone comedy of the summer,” Schumer added enthusiastically. Please.”She added that while watching “Joy Ride,” “I laughed, I cried, it was the ride of the summer and I love you all!”“Joy Ride,” directed by Adele Lim, co-screenwriter of “Crazy Rich Asians,” is set to hit theaters on July 7.

Persons: ”, Amy Schumer, Schumer, – Oscar, Stephanie Hsu, “ Emily, Ashley Park, Sherry Cola, Sabrina Wu –, ” Schumer, Angela Weiss, “, Amy, Adele Lim, Rich Organizations: CNN, Getty Locations: Miami, Paris, Ilovejoyride.com, New York City

☆ Americans are growing optimistic about inflation
▼ + stars: | 2023-06-30 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

Washington, DC CNN —With inflation continuing to slow, US consumers are taking notice — and they’re feeling more optimistic. That was due to inflation’s steady retreat in recent months and consumers feeling more cheery about the economy’s future. Consumers’ economic outlook for the year ahead jumped 28% over last month. More action from the Fed is centered on core inflation remaining stubbornly high and not decelerating as fast as the headline number. The optimism reflected in the survey means US consumers have faith that inflation will eventually slow to a sustainable level, which the Fed defines as 2% inflation.

Persons: ”, Joanne Hsu, Brian Moynihan, Joe Biden’s, Jerome Powell, Powell Organizations: DC CNN, University of Michigan, Consumers, Commerce Department, Federal, Bank of America, CNN, European Central Bank, Market Committee, Fed Locations: Washington, April’s, ”

When Elon Musk announced last month that he had hired Linda Yaccarino as Twitter’s chief executive, he said he was “excited” to bring on someone who could “focus primarily on business operations.”But just over three weeks into her new job, Ms. Yaccarino, the former head of advertising at NBCUniversal, has been prevented from working on a key component of what she was hired to do: drum up advertising for Twitter. Ms. Yaccarino, 60, has spoken with some of Twitter’s advertisers about unsavory content on the site, four people with knowledge of the conversations said. But she has not engaged in public hobnobbing and hands-on negotiating with advertisers to increase Twitter’s revenue. That’s because a contractual agreement with NBCUniversal prevented Ms. Yaccarino — at least initially — from working on advertising deals that would conflict with the interests of her former employer, three people familiar with the arrangement said.

Persons: Elon Musk, Linda Yaccarino, Yaccarino Organizations: Twitter, NBCUniversal

☆ Family offices are backing AI, even as rich Americans are skeptical of the hype
▼ + stars: | 2023-06-29 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

Billionaires like Google's Eric Schmidt are betting big on AI through their family offices. Insider talked to family office insiders to learn how to find real deals amid the hype cycle. So many startups are claiming to use AI that family offices are wary of "AI washing" when considering direct venture deals, according to Karl Rogers, chief investment officer at Irish family office Elkstone. But they are still circumspect, he said, as family offices typically prioritize long-term wealth preservation over aggressive growth. "Hype cycles tend to imply immediate returns, which is contrary to how family offices usually think," said Hsu, whose fund counts the Pritzker family as investors.

Persons: Eric Schmidt, Stanley Druckenmiller, ChatGPT, Karl Rogers, Rogers, Paul Hsu, Hsu, Pritzker, They've, Jon Dutton, Dutton, Anthony Manna, he's, I've Organizations: Nvidia, Google, Mistral, Fidelity, M7 Holdings, Bloomfield Robotics

☆ How Easy Is It to Fool A.I.-Detection Tools?
▼ + stars: | 2023-06-28 | by ( Stuart A. Thompson | Tiffany Hsu | ) www.nytimes.com time to read: +11 min

“Real” Umm-maybe “Real” Illuminarty “A.I.” A.I. or Not “A.I.” Hive “A.I.” Sensity “Real” Umm-maybe “Real” Illuminarty “Real” A.I. or Not “A.I.” Hive “A.I.” Sensity “Real” Umm-maybe “Real” Illuminarty “A.I.” A.I. or Not “A.I.” Hive “Real” Sensity “A.I.” Umm-maybe “Real” Illuminarty “A.I.” A.I. or Not “A.I.” Hive “A.I.” Sensity “A.I.” Umm-maybe “Real” Illuminarty “Real” A.I.

Persons: Elon Musk, ”, Musk, Chenhao Tan, “, I’m, Ron DeSantis, Cynthia Rudin, Dan Lytle, Midjourney, Kevin Guo, ” Mr, Guo, Biden, Damon Winter, Sensity, Jackson Pollock, Pollock, Marc Fibbens, Shyam Sundar, Sundar Organizations: New York Times, Guerrero Art, Times, University of Chicago, Republican, Duke University, Hive, Photoshop, The Times, The New York Times, Industry, A.I, Center, Intelligence, Pennsylvania State University Locations: A.I, Florida, “, Gettysburg, Pa, New Zealand

☆ Taylor Swift, Ke Huy Quan, Austin Butler join Hollywood's film academy
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +1 min

LOS ANGELES, June 28 (Reuters) - Pop singer and songwriter Taylor Swift, "Elvis" star Austin Butler and best supporting actor winner Ke Huy Quan were among more than 300 people selected to join the Academy of Motion Picture Arts and Sciences, the group that awards the Oscars. Quan, 51, won the supporting actor trophy this year for his role in best picture winner "Everything Everywhere All at Once." His Oscar-nominated co-star Stephanie Hsu, 32, also was selected to join the academy, along with the movie's directors, 35-year-old Daniel Kwan and Daniel Scheinert, 36 - known as "the Daniels." Butler, 31, was nominated for an Oscar this year for his portrayal of Elvis Presley. The academy, which has more than 10,000 members in total, has taken steps to diversify its membership since the #OscarsSoWhite outcry in 2015.

Persons: Taylor Swift, Elvis, Austin Butler, Ke Huy Quan, Swift, Quan, Stephanie Hsu, Daniel Kwan, Daniel Scheinert, Daniels, Butler, Elvis Presley, Lisa Richwine, Jonathan Oatis Organizations: Academy of Motion Picture Arts and Sciences, Thomson Locations: ANGELES, United States

☆ A.I.’s Use in Elections Sets Off a Scramble for Guardrails
▼ + stars: | 2023-06-25 | by ( Tiffany Hsu | Steven Lee Myers | ) www.nytimes.com time to read: +2 min

Increasingly, political consultants, election researchers and lawmakers say setting up new guardrails, such as legislation reining in synthetically generated ads, should be an urgent priority. The Republican National Committee released a video with artificially generated images of doomsday scenarios after President Biden announced his re-election bid, while Gov. Ron DeSantis of Florida posted fake images of former President Donald J. Trump with Dr. Anthony Fauci, the former health official. The Democratic Party experimented with fund-raising messages drafted by artificial intelligence in the spring — and found that they were often more effective at encouraging engagement and donations than copy written entirely by humans. The technology is already far more powerful than manual manipulation — not perfect, but fast improving and easy to learn.

Persons: Biden, Ron DeSantis, Donald J, Trump, Anthony Fauci, Sam Altman Organizations: Republican National Committee, Gov, Democratic Locations: Florida

Bank regulators led by the U.S. Federal Reserve are finalizing the proposal which would implement international capital standards agreed by the Basel Committee on Banking Supervision in the aftermath of the 2007-2009 financial crisis. On Wednesday, Fed Chair Jerome Powell told Congress it was critical banks have strong capital, but regulators must be mindful of the tradeoffs. Republican officials at the agencies have flagged similar concerns, two people said, while Republican lawmakers on Wednesday also raised worries over capital rules with Powell. The Fed is drafting the Basel rules with the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corp. (FDIC). Speaking to reporters last week, acting Comptroller Michael Hsu said banks had "not been shy about sharing their concerns" which regulators were taking into account.

Persons: Morgan Stanley, Andrew Kelly, Jerome Powell, Michael Barr, Isaac Boltansky, jitters, Powell, “, Kevin Fromer, It's, Michael Hsu, Pete Schroeder, Niket Nishant, Lananh Nguyen, Tatiana Bautzer, Michelle Price, David Gregorio Organizations: New York Stock Exchange, REUTERS, WASHINGTON, Bank, U.S . Federal, Banking, Bankers, Committee, American Express, U.S, UBS, Deutsche Bank, Barclays, Washington, Bank Policy Institute, WALL, Fed, Industry, Republican, Financial Services, Currency, Federal Deposit Insurance Corp, Regulators, FDIC, OCC, Thomson Locations: Manhattan , New York City, U.S, Basel, Silicon

☆ US consumers' near-term inflation expectations hit two-year low; sentiment rises
▼ + stars: | 2023-06-16 | by ( Lucia Mutikani | ) www.reuters.com time to read: +3 min

Summary Consumer sentiment index rises to 63.9 in June from 59.2One-year inflation expectations drop to 3.3% from 4.2%Long-run inflation expectations dip to 3.0% from 3.1%WASHINGTON, June 16 (Reuters) - U.S. consumers' near-term inflation expectations dropped to more than a two-year low in June and the outlook over the next five years improved slightly, according to a survey on Friday that also showed sentiment perking up. "The Fed will be gratified that the surge in inflation expectations in the late-1970s and early 1980s has not been repeated," said Conrad DeQuadros, senior economic advisor at Brean Capital in New York. The University of Michigan survey's reading of one-year inflation expectations dropped to 3.3% this month, the lowest since March 2021, from 4.2% in May. The survey's preliminary reading on the overall index of consumer sentiment came in at a four-month high of 63.9 in June compared with 59.2 in May. Its measure of consumer expectations rose to 61.3 from 55.4 last month.

Persons: Conrad DeQuadros, Joanne Hsu, Robert Frick, Lucia Mutikani, Daniel Wallis, Chizu Organizations: University of Michigan's, Fed, Wednesday, Brean, The University of Michigan, Treasury, Reuters, Consumers, Navy Federal Credit Union, Thomson Locations: WASHINGTON, New York, U.S, Washington, Vienna , Virginia

☆ The Titanic Truthers of TikTok
▼ + stars: | 2023-06-16 | by ( Tiffany Hsu | Sapna Maheshwari | ) www.nytimes.com time to read: +2 min

Mr. Morgan, whose White Star Line owned the Titanic, figures prominently in Titanic lore. (In some tellings, TikTok creators have recast the villains as the wealthy Rothschild family or even the Catholic order of the Jesuits.) Evidence suggests that Mr. Morgan failed to make his date with the Titanic because he was dealing with an unexpected situation involving his European art collection. The consensus, though, is this: The Titanic sank in a terrible accident and many people died. “On a grand scale, the study of history keeps you from repeating the mistakes that were made in the past and, continually, moving forward,” said Mr. Stephenson, who is now the executive director of the USS Kidd Veterans Museum.

Persons: Morgan, Rothschild, Mr, Parks Stephenson, Cameron, Stephenson, ” Organizations: White Star Line, Navy, USS Kidd Veterans Museum

☆ Services and consumer is where investors need to be in China, says Hightower's Stephanie Link
▼ + stars: | 2023-06-15 | 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 EmailServices and consumer is where investors need to be in China, says Hightower's Stephanie LinkStephanie Link, Hightower Advisors chief investment strategist and portfolio manager, and Jason Hsu, Rayliant Global Advisors CIO, join 'The Exchange' to discuss China's new game plan to revive its flagging economy.

Persons: Stephanie Link Stephanie Link, Hightower, Jason Hsu Organizations: Services, Hightower Advisors, Rayliant Global, CIO Locations: China

☆ A political drama series on Netflix has sparked a #MeToo wave in Taiwan
▼ + stars: | 2023-06-14 | by ( Reena Koh | ) www.businessinsider.com time to read: +4 min

The Taiwanese Netflix political drama "Wave Makers" has sparked a #MeToo wave in Taiwan. It triggered a series of sexual assault allegations that have rocked Taiwan's political scene. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyA new Taiwanese political drama series on Netflix that premiered on April 28 has sparked a #MeToo wave in Taiwan. This line threw open the floodgates to a wave of sexual assault allegations. As part of the #MeToo wave, Chien also came forward with her own sexual assault story in a Facebook post on June 2.

Persons: —, Let's, Chen Chien, Chen, Hsu Chia, Chen Mei, Yan Chih, Lin Nan, Tsai Mu, Hsu, Tsai Ing, Tsai, Chien Li, Chien, Yan Shi, Lin Chun Organizations: Netflix, Service, Washington Post, Democratic Progressive Party, China Morning, University Locations: Taiwan, Washington, China

☆ Twitter’s U.S. Ad Sales Plunge 59% as Woes Continue
▼ + stars: | 2023-06-05 | by ( Ryan Mac | Tiffany Hsu | ) www.nytimes.com time to read: +1 min

Elon Musk recently said Twitter’s advertising business was on the upswing. “Almost all advertisers have come back,” he asserted, adding that the social media company could soon become profitable. The company has regularly fallen short of its U.S. weekly sales projections, sometimes by as much as 30 percent, the document said. That performance is unlikely to improve anytime soon, according to the documents and seven current and former Twitter employees. The company has forecast that its U.S. ad revenue this month will be down at least 56 percent each week compared with a year ago, according to one internal document.

Persons: Elon Musk, ” Organizations: The New York Times, Twitter

☆ The Fed’s favorite inflation gauge just heated up — and that could mean another rate hike
▼ + stars: | 2023-05-26 | by ( Alicia Wallace | ) edition.cnn.com time to read: +6 min

The closely watched core PCE index — where volatile components of food and energy are excluded — unexpectedly ticked up: The Fed’s go-to gauge was up 4.7% for the year. In March, the core PCE gauge grew by 4.6%. Economists had forecast that core PCE would hold steady at 4.6%, according to Refinitiv. Consumer spending jumped 0.8% in April from March, double what economists had expected. Excluding the effects of inflation, real consumer spending increased 0.5%, reflecting a boost seen from new car purchases, according to the report.

The TV series, an action-comedy-drama combination, is based on the 2006 graphic novel of the same name by Gene Luen Yang and premieres on Disney+ streaming service on Wednesday. He changed his mind, however, after being reassured by show producer Melvin Mar and series creator, Kevin Yu, and seeing the dedication of the Asian-led cast. The TV series follows high school student Jin Wang, played by Ben Wang, who struggles with his identity as he navigates both school and home life. “American Born Chinese” draws from Chinese folklore and Chinese and Japanese animation that is based on the 6th century Chinese novel “Journey to the West.”Beyond the kung fu action story, the show focuses on the challenges of Jin understanding his Chinese and American identities, while also going through the tribulations of being a teenager. "So, you feel really impotent, really powerless,”Reporting by Danielle Broadway and Rollo Ross Editing by Mary Milliken, Marguerita Choy and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

☆ Janet Yellen told bank CEOs more mergers may be necessary, sources say
▼ + stars: | 2023-05-19 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —During Thursday’s meeting with the CEOs of large banks, Treasury Secretary Janet Yellen told executives that more bank mergers may be necessary as the industry continues to navigate through a crisis, two people familiar with the matter told CNN. However, sources tell CNN that bank mergers were discussed during Yellen’s meeting with bank CEOs. Yellen echoed remarks from US regulators who have said there may be bank mergers in the current environment, one person familiar with the matter said. Yet earlier this month, regulators allowed JPMorgan Chase, the nation’s largest bank, to buy most of First Republic, the second-largest bank to fail in US history. Michael Hsu, acting comptroller of the currency, told lawmakers earlier this week that his agency would be willing to quickly consider bank mergers.

☆ Banking sector as a whole is strong and resilient, says Comptroller of the Currency Michael Hsu
▼ + stars: | 2023-05-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBanking sector as a whole is strong and resilient, says Comptroller of the Currency Michael HsuMichael Hsu, Acting Comptroller of the Currency, joins 'Closing Bell Overtime' to discuss testifying in front of congress, the regional banking sector, and more.

☆ Another Side of the A.I. Boom: Detecting What A.I. Makes
▼ + stars: | 2023-05-18 | by ( Tiffany Hsu | Steven Lee Myers | ) www.nytimes.com time to read: +1 min

Andrey Doronichev was alarmed last year when he saw a video on social media that appeared to show the president of Ukraine surrendering to Russia. The video was quickly debunked as a synthetically generated deepfake, but to Mr. Doronichev, it was a worrying portent. This year, his fears crept closer to reality, as companies began competing to enhance and release artificial intelligence technology despite the havoc it could cause. For entrepreneurs like Mr. Doronichev, it has also become a business opportunity. More than a dozen companies now offer tools to identify whether something was made with artificial intelligence, with names like Sensity AI (deepfake detection), Fictitious.AI (plagiarism detection) and Originality.AI (also plagiarism).

Senator Elizabeth Warren is questioning federal bank regulators on their decision to sell First Republic Bank to the nation's largest bank, JP Morgan Chase. In a letter sent to the Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation Wednesday, Warren said the deal was "deeply troubling," and sought details on how the agencies decided to arrange that particular sale, allowing JPM to grow even larger. This is a troubling outcome, leaving me with numerous questions," she wrote. The FDIC announced this month it had seized First Republic and sold it to JPM in a deal that it estimated would cost its deposit insurance fund $13 billion. Warren also pressed the matter with Michael Hsu, the acting Comptroller of the Currency, at a hearing Thursday.

☆ Sen. Elizabeth Warren presses regulators for answers on First Republic takeover
▼ + stars: | 2023-05-18 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

Sen. Elizabeth Warren, D-Mass., greets Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation, during the Senate Banking, Housing, and Urban Affairs Committee hearing in Dirksen Building on Tuesday, March 28, 2023. WASHINGTON — Sen. Elizabeth Warren is asking federal financial regulators for answers over what she called a "deeply troubling" deal that saw JPMorgan Chase take over First Republic Bank. "Our financial strength, capabilities and business model allowed us to develop a bid to execute the transaction in a way to minimize costs to the Deposit Insurance Fund." Instead, the insurance fund was allowed to take a multibillion-dollar loss after billions of dollars worth of the bank's uninsured deposits were rescued during the deal, Warren said. "The FDIC appeared to prioritize First Republic's uninsured deposits at the bank before the Insurance Fund," she said.

WASHINGTON, May 15 (Reuters) - Top U.S. banking regulators plan to tell lawmakers the government will be open to future bank mergers, but are committed to establishing tougher rules after recent turmoil. Barr maintained his commitment to overhauling bank rules to ensure firms do not escape stricter oversight because they are smaller or viewed as less risky. "The prudential regulation and supervision of these institutions merits additional attention, particularly with respect to capital, liquidity, and interest rate risk," he said in prepared testimony. While vowing to draft tougher rules, the agencies have also been criticized for not identifying and preventing weaknesses before the lenders failed. In prepared testimony, he said rapid interest rate increases and social media-fueled rumors drove the "unprecedented" bank run that sank his firm.

Search resuls for: "Hsu"

25 mentions found