DIRS.INFO The most relevant business & tech news

☆ Elon Musk and new CEO Linda Yaccarino kept Twitter staff in the dark during the days of 'rate limit' chaos
▼ + stars: | 2023-07-03 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

Elon Musk abruptly decided to give all Twitter users a maximum amount of access to the site. Twitter workers have received little communication on the change from Musk and CEO Linda Yaccarino. The change allows users to view only a certain number of Tweets before being prevented from interacting with the site. "Neither of them have said anything about what's going on," one of the people familiar said, referring to Musk and new CEO Linda Yaccarino. Once Musk decided to implement the rate limit, many Twitter workers asked in private Slack channels if it was a permanent change.

Persons: Elon Musk, Linda Yaccarino, Musk, Chris Riedy, Yoel Roth, Twitter's, Sheldon Chang, Chang, Riedy, Lou Paskalis, Kali Hays Organizations: Twitter, AJL, Reuters Locations: khays

☆ In Guam, a US territory, the last doctor who performed abortions left in 2018. The closest option is an 8-hour flight to Hawaii.
▼ + stars: | 2023-06-26 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

While abortion is legal in the US territory of Guam, it can be almost impossible to get. There are no doctors left on the island to perform abortions, so patients rely on telemedicine. If a pregnant person can't use abortion pills, their next best option is an 8-hour flight to Hawaii. Just two doctors are licensed and willing to provide care in Guam, though they are both based in Hawaii, The Times reported. On the island, anti-abortion sentiment persists among citizens, many of whom are Catholic, and within the local government, The Times reported.

Persons: —, Republican Douglas Moylan, Moylan, Lou Leon Guerrero, Guerrero, Guam's Organizations: Service, New York Times, The Times, Republican, Times, Democratic Gov, Associated Press Locations: Guam, Hawaii, Guam —, Japan, Guamanians, United States, Guam's

☆ Fidelity International: If there are no more curve balls, it will be a good second half of the year for U.K. investors
▼ + stars: | 2023-06-16 | 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 EmailFidelity International: If there are no more curve balls, it will be a good second half of the year for U.K. investorsEmma-Lou Montgomery, associate director for personal investing at Fidelity International, discusses the retail outlook for the U.K. after retail giant Tesco delivered strong results.

Persons: Emma, Lou Montgomery Organizations: Fidelity, Fidelity International, Tesco

☆ US House Speaker McCarthy threatens to block funding for Chile waiver program
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, June 16 (Reuters) - U.S. House of Representatives Speaker Kevin McCarthy on Friday threatened to use congressional appropriations to block funding for a U.S. visa waiver program for Chile, blaming rising criminal activity in the United States on the program. McCarthy, a California Republican said the appropriations will not allow Mayorkas "to use money when it comes to Chile for the visa waiver program until this issue is solved." McCarthy said people entering the United States through the program have joined organized crime organizations that he said have carried out raids on homes and businesses in California and elsewhere. "I am concerned that some citizens of Chile are abusing the visa waiver program to commit burglaries throughout the United States, including in my district in Orange County," Correa said in a statement on Thursday. Reporting by David Morgan; additional reporting by Ted Hesson; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Kevin McCarthy, McCarthy, Alejandro Mayorkas, Mayorkas, Lou Correa, Antony Blinken, Correa, David Morgan, Ted Hesson, Leslie Adler Organizations: . House, U.S . Homeland, California Republican, Republicans, Democrats, Democrat, House Homeland Security, Thomson Locations: Chile, United States, Santa Ana , California, U.S, California, Orange County

☆ Chief of staff to new top Democrat on antitrust subcommittee lobbied for Apple, Amazon
▼ + stars: | 2023-06-15 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

UNITED STATES - FEBRUARY 28: Rep. Lou Correa, D-Calif., walks down the House steps after the last votes of the week on Friday, Feb. 28, 2020. The chief of staff to the new top Democrat on the House Judiciary subcommittee on antitrust lobbied on behalf of Amazon and Apple as recently as 2022, including on the very issues the ranking member will oversee in his new role, CNBC found based on public disclosures. René Muñoz has served as chief of staff to Correa since November 2022, according to Congress tracking site LegiStorm. Before that, Muñoz worked at the lobbying firm Federal Street Strategies beginning in May 2020, according to LinkedIn, where his clients included Amazon and Apple, along with other corporations. Rep. Ken Buck, R-Colo., later became the top Republican on the subcommittee and was a significant ally to Cicilline in championing the tech antitrust bills.

Persons: Lou Correa, California Democrat Lou Correa's, René Muñoz, Correa, Muñoz, David Cicilline, Ken Buck, Buck, Thomas Massie, Maria Langholz, Cicilline, He's Organizations: UNITED STATES, Democrat, Amazon, Apple, CNBC, California Democrat, LinkedIn, Rhode, Rhode Island Democratic, Google, Facebook, Republican, Progress, Democrats, Staff Locations: California, Rhode Island, Ky, Orange County

☆ Lawmaker who opposed tech antitrust bills to become top Democrat on House subcommittee
▼ + stars: | 2023-06-14 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

Rep. Lou Correa, D-Calif., who opposed a package of bills seeking to reform antitrust law to rein in Big Tech companies, will become the top Democrat on the House Judiciary subcommittee on antitrust, Judiciary Committee Ranking Member Jerry Nadler, D-N.Y., announced Wednesday. CNBC first reported that Correa was the top contender for the role, despite his voting record on antitrust deviating from that of his predecessor. It resulted in a package of bills to limit their power that passed through the subcommittee under Cicilline's stewardship. But Correa and other California lawmakers on the subcommittee voted against the bills. WATCH: Here's why some experts are calling for a breakup of Big Tech after the House antitrust report

Persons: Lou Correa, Jerry Nadler, Correa, David Cicilline, Ken Buck, Thomas Massie, Buck, Cicilline Organizations: Big Tech, CNBC, Former, Democratic, Republican, Apple, Google, Facebook, Congressional Hispanic Caucus, Punchbowl News, Committee, YouTube Locations: California

☆ Overlooked No More: Lou Sullivan, Author and Transgender Activist
▼ + stars: | 2023-06-09 | by ( Megan Milks | ) www.nytimes.com time to read: +2 min

He also published his first article, “A Transvestite Answers a Feminist,” in the group’s newsletter — a kind of coming out. Sullivan moved to San Francisco in 1975 with his longtime partner, a cisgender man who encouraged Sullivan’s gay identity but did not see himself as gay. Sullivan’s first few years in San Francisco were difficult: He found the L.G.B.T.Q. community much larger and more diffuse than Milwaukee’s, and his relationship was collapsing amid tensions around his desire to medically transition. Walker came to rely on Sullivan’s knowledge and often sent clients to him for peer counseling.

Persons: Milwaukee’s, ”, Sullivan, Sullivan’s, “, Steve Dain, Paul Walker, Walker Organizations: Milwaukee’s Gay People’s Union, Stanford, Dysphoria Clinic, Institute for, Janus Information Locations: San Francisco

☆ Dollar edges up against yen as investors wait on inflation data, Fed
▼ + stars: | 2023-06-07 | by ( Karen Brettell | ) www.reuters.com time to read: +3 min

NEW YORK, June 7 (Reuters) - The dollar edged higher against the yen on Wednesday as investors awaited U.S. inflation data for May and the Fed’s interest rate decision next week, while the Canadian dollar jumped after the Bank of Canada hiked rates. (USCPI=ECI)"We expect a fair degree of consolidation ahead of the Fed decision next week," said Bipan Rai, North American head of FX strategy at CIBC Capital Markets in Toronto. "That CPI number’s going to be critical for the Fed decision as well. Traders have also priced out most expectations that the Fed will cut rates this year as inflation remains above target. Australia's central bank chief on Wednesday stepped up a warning of more rate hikes ahead to temper rising price pressures.

Persons: Bipan Rai, Jane Foley, they’ll, Lou Brien, Amanda Cooper, Sharon Singleton, Emelia, Nick Macfie Organizations: YORK, Canadian, Bank of Canada, CIBC Capital Markets, Traders, Rabobank, U.S, Fed, ECB, Reserve Bank of, Thomson Locations: U.S, North American, Toronto, Canada, Australia, Chicago, Reserve Bank of Australia, London

The Reserve Bank of Australia seems to have executed a one-meeting 'skip', but perhaps more by accident than design. Leaving open the possibility in July of another 25-basis-point hike two months later could prevent financial conditions from loosening too much. The Fed wants policy to be restrictive, and financial markets to move accordingly. Philadelphia Fed President Patrick Harker and Fed Governors Christopher Waller and Philip Jefferson in recent weeks have introduced 'skip' and 'skipping' into Fed-watchers' lexicons. Until then, a pause was generally assumed to lay the ground for rate cuts, not a resumption of rate hikes.

Persons: Alan Greenspan, John Silvia, Silvia, Jerome Powell, Lorie Logan, Powell, Patrick Harker, Christopher Waller, Philip Jefferson, Price, Lou Crandall, Wrightson ICAP, Jamie McGeever, Paul Simao Organizations: Federal, Reserve Bank of Australia, Dynamic, Fed, Dallas, Philadelphia Fed, Consumer, Index, Reuters, Thomson Locations: ORLANDO, Florida

The average May temperature in Hanoi is 32 degrees Celsius (90 degrees Fahrenheit). “Which is why a humid heat wave is more dangerous than a dry heat wave,” she told CNN. This is above a threshold considered dangerous, especially for people with health problems or those not used to extreme heat. In Thailand, 20 days in April and at least 10 days in May reached feels-like temperatures above 46 degrees Celsius (115 degrees Fahrenheit). Throughout April and May, Vietnam, Cambodia, Laos and Malaysia all had several days with potential to cause extreme heat stress.

Persons: ”, ” Phong, Dinh Van Hung, ” Dinh, Nhac Nguyen, Maximiliano Herrera, Herrera, Mariam Zachariah, Cyclone Mocha, ” Zachariah, Chaya Vaddhanaphuti, ” Emmanuel Raju, ” Raju, Madaree Tohlala, “ Nui, “, ” Nui, Andre Malerba, Chaya, –, Chintanaphone, Boua Seng, Lobia Yaw, Thongsouk, hasn’t Organizations: Hong Kong CNN, CNN, Getty, ” Workers, Imperial College London, WWA, Chiang Mai University, Copenhagen Center for Disaster Research, Labour Organization, Farmers, Weather, Lao Farmer Network Locations: Hong Kong, Hanoi, Vietnam, Dong Da district, “, Hanoi , Vietnam, AFP, Dinh, Southeast Asia, Thailand, Laos, Cambodia, Malaysia, Myanmar, Asia, Thai, Narathiwat, Bangkok, ”

☆ California Democrat who opposed anti-tech bills is top contender for key role on antitrust subcommittee
▼ + stars: | 2023-06-02 | by ( Lauren Feiner | ) www.cnbc.com time to read: +4 min

A California lawmaker who has opposed efforts to crack down on the tech industry is the leading contender to become the highest ranking Democrat on the House Judiciary subcommittee on antitrust. One senior Democratic aide described the prospect of Correa becoming ranking member as a "great windfall for the tech companies." Several senior members of the subcommittee who support tech antitrust reform would have seemed more likely candidates for the top Democratic seat not long ago. But the field is complicated by the fact that many of them already have ranking member positions on other subcommittees they may not wish to give up. WATCH: Here's why some experts are calling for a breakup of Big Tech after the House antitrust report

Persons: Lou Correa, David Cicilline, Cicilline, Correa, Correa's, Thomas Massie, Ken Buck, Buck, Joe Neguse, Mary Gay Scanlon, Pramila Jayapal, They're Organizations: Rep, Apple, Google, Facebook, Democratic, Colo, Big Tech, Federal Trade Commission, Department of Justice Antitrust Division, Democrats, CNBC, Chamber of Commerce, FTC, Meta, Progress Education Fund, Economic Security, Future, House Judiciary, White Locations: California, Southern California, Ky, U.S, House

☆ Kipyegon sets women's 1,500m world record, Kerly wins 100m in Florence
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +3 min

Kipyegon shaved almost an entire second off the previous mark of 3:50.07 set by Ethiopia's Genzebe Dibaba in 2015. The world record completes the 29-year-old's collection of feats, adding to her two Olympic 1,500m golds and the 2017 and 2022 world titles, Commonwealth Games gold medal from 2014 and three Diamond League titles. Dina Asher-Smith, who won the world 200 metres title in Doha in 2019, pulled out in the build-up to the race. Spaniard Mohamed Katir produced a lung-busting performance to win the 5,000m with a world leading 12:52.09, with world record holder Joshua Cheptegei coming in fourth. Reporting by Aadi Nair in Nashik, India; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Pietro Mennea Golden, Luigi Ridolfi, Kipyegon, Remo Casilli FLORENCE, Fred Kerley, Ethiopia's Genzebe, Britain's Laura Muir, Jessica Hull, Muir, Ferdinand Omanyala, Trayvon, Jamaica's Yohan Blake, Jacobs, Ivorian Marie, Josee Ta Lou, Gina Lueckenkemper, Imani, Lara Lansiquot, Dina Asher, Smith, Ta Lou, Erriyon Knighton, Grant Holloway, Mohamed Katir, Joshua Cheptegei, Italy's Leonardo Fabbri, Andy Diaz, Larissa Iapichino, Aadi Nair, Ken Ferris Organizations: Diamond League, Commonwealth Games, Kenyan, Rabat, Thomson Locations: Florence, Italy, Ivorian, Doha, Netherlands, Rabat, Nashik, India

☆ The biggest money mistakes that could change your future — and how to get ahead of them right now
▼ + stars: | 2023-05-29 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Making money mistakes can be scary and seem catastrophic. A lack of planning and not having specific goals are two of the most common mistakes, experts say. "You might be more likely to maintain contributions or ride out short-term market volatility if that new home, dream trip or once-in-a-lifetime experience is clear in your mind," he added. But plenty of common money mistakes are related to losing or spending money rather than making it. Paying off debt, such as your rent and bills, should be prioritized — not doing so could have serious consequences, Myron Jobson, senior personal finance analyst at interactive investor, tells CNBC Make It.

☆ In Cold War Berlin, an Affair Born of Chaos and Control
▼ + stars: | 2023-05-29 | by ( Dwight Garner | ) www.nytimes.com time to read: +2 min

Hans, a 50-something novelist and high-minded writer for radio, is handsome and rangy, and he looks fine with a cigarette. If “Kairos” were only a tear-jerker, there might not be much more to say about it. Clinging to the undercarriage of her sentences, like fugitives, are intimations of Germany’s politics, history and cultural memory. Her work has attracted star translators, first Susan Bernofsky and now the poet and critic Michael Hofmann. “Kairos” — the title refers to the Greek god of opportunity — is her earthiest novel to date.

☆ The Taliban promised to provide security to Afghans. New data shows threat from ISIS is growing
▼ + stars: | 2023-05-19 | by ( Eliza Mackintosh Ehsan Popalzai Antonio Jarne Lou Robinson | Eliza Mackintosh | Ehsan Popalzai | ) edition.cnn.com time to read: +19 min

“Currently we don’t have security in Afghanistan at all, whenever we go out we don’t know if we will come home alive or not,” he added. Taliban security forces guard a checkpoint near the foreign ministry in Kabul on March 27, after an ISIS-K suicide bomber struck the site. The data, which is available in a live map, includes 367 pieces of open-source evidence — largely videos and images shared on social media — about 70 ISIS-K attacks since August 2021. As the Taliban try to minimize the threat ISIS-K poses, attacks on civilians continue. Taliban security forces have been waging ongoing operations and night raids against ISIS-K.

☆ $787 million settlement with Fox News rested on an unwritten agreement to fire Tucker Carlson: Variety
▼ + stars: | 2023-05-16 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Tucker Carlson's ouster at Fox News was reportedly linked to a secret deal with Dominion Voting Systems. According to Variety, Dominion made Carlson's departure an unwritten condition of its settlement with Fox. Variety cited multiple unnamed sources who were aware of an April 26 conversation Carlson had with an unnamed member of Fox Corporation's board who reportedly told Carlson about the agreement. Instead, Carlson's ouster as the highest-rated cable news host was based on a verbal agreement. "That condition was intended to hurt Fox, and Tucker is just collateral damage," a source told Variety.

☆ Twitter's new CEO Linda Yaccarino is so influential at work that some loyal staffers mimicked her fashion sense and mannerisms, new report says
▼ + stars: | 2023-05-15 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Twitter's new CEO has a reputation for being influential at work, former coworkers told Fortune. Twitter's newest CEO Linda Yaccarino is so influential in the workplace that her fashion choices and mannerisms are adopted by the most loyal staffers around her, Fortune reported Sunday. One unnamed source said that she is so influential that some employees around her adopt her fashion style and mannerisms. She stood up to a lot of men," one unnamed source told Fortune. "There was chemistry there," Lou Paskalis, CEO of marketing consultancy firm AJL Advisory, told Fortune.

☆ Twitter's new CEO Linda Yaccarino held intense SoulCycle sessions with her favorite employees in a former role, new report says
▼ + stars: | 2023-05-15 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Elon Musk announced Friday that Linda Yaccarino will take on the role of CEO of Twitter. One source said she would invite favored staffers to do intense SoulCycle workouts as a form of bonding. Twitter's new CEO Linda Yaccarino reportedly organized SoulCycle workout sessions with favorite employees in a previous role, Fortune reported Sunday. One unnamed source told Fortune that Yaccarino can play favorites and would invite chosen employees to intense SoulCycle spinning sessions. There's now speculation as to whether other NBCUniversal employees will follow Yaccarino to Twitter.

May 12 (Reuters) - Elon Musk has named former NBCUniversal advertising chief Linda Yaccarino as Twitter's new CEO, as the company tries to reverse a plunge in ad revenue. "I am excited to welcome Linda Yaccarino as the new CEO of Twitter!" Last month, NBC parent Comcast said NBCUniversal CEO Jeff Shell was leaving after acknowledging an inappropriate relationship with a woman in the company, following a complaint that prompted an investigation. Musk, the CEO of electric-vehicle maker Tesla Inc (TSLA.O), completed his purchase of Twitter in October for $44 billion. On Thursday, Musk tweeted that he had found a CEO without identifying Yaccarino.

Elon Musk announced today that Linda Yaccarino would be the next Twitter CEO. With its revenue falling and its reputation falling faster, she may be the win Musk needs. Elon musk needs a win. The ad sales team generated more than $100 billion in ad revenue during her 12-year tenure, according to the company. That advertising revenue is just what Musk needs right now.

☆ Tucker Carlson's new Twitter show could spell doom for Elon Musk
▼ + stars: | 2023-05-10 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

For Twitter owner Elon Musk, a Fox News-style show on Twitter could cause problems. Tucker Carlson's sudden exit from Fox News last month has fueled weeks of speculation about his next move. Particularly as Musk said "Twitter has not signed a deal of any kind whatsoever" with Carlson. And if Carlson is on board, that paves the way for other, equally provocative creators to go big on Twitter. Musk faces a real risk that a growing number of Twitter users will feel the same way.

☆ Born of Grief, a Couple’s Off Broadway Incubator Marks 20 Years
▼ + stars: | 2023-05-08 | by ( Robin Pogrebin | ) www.nytimes.com time to read: +1 min

In 2002, Jenny and Jon Steingart founded the Off Broadway incubator Ars Nova as a way of honoring Jenny’s brother, Gabriel Wiener, who in 1997 died of a brain aneurysm at the age of 26. Now, as the nonprofit theater is marking its 20th anniversary, the couple is facing another wrenching struggle: Jon has A.L.S., the severe neurological disorder also known as Lou Gehrig’s disease. “Every painful experience in my life — if I have to live through it, I am going to come out on the other side with a lesson and a way to give back in some way,” Jenny Steingart said in a recent interview at their home on the Upper West Side. “Because a loss without some meaning behind it is really hard to live with.”So this anniversary, to be celebrated with a gala on Monday, also finds the Steingarts feeling great satisfaction, having created an institution that — in the wake of the 9/11 attacks — has played a crucial role in the professional development of so many artists. Among those who have worked at Ars Nova are Lin-Manuel Miranda, Thomas Kail, Christopher Jackson and Phillipa Soo of “Hamilton” fame; Bridget Everett, the actress and cabaret performer of the acclaimed HBO series “Somebody Somewhere”; and Dave Malloy, who created “Natasha, Pierre & the Great Comet of 1812” at Ars Nova.

☆ Slower US job growth expected in April; unemployment rate seen rising to 3.6%
▼ + stars: | 2023-05-05 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The unemployment rate is forecast to have risen to a still historically low 3.6%. "The labor market is slowly bending, but not breaking," said Sam Bullard, a senior economist at Wells Fargo in Charlotte, North Carolina. "There is continued resilience in the labor market right now, but the trend is one that is continuing to see a decelerating pace of momentum." The service-providing sector likely accounted for most of the anticipated job gains in April. WAGE GAINS MODERATEAverage hourly earnings are expected to have risen by 0.3% in April, matching March's gain.

The market swoon from what would be an unprecedented U.S. default would bludgeon away billions more in wealth. The cost to insure U.S. government debt against default has shot to the highest since the 2007-2009 financial crisis. All of that takes air out the economy's tires and could start to push up the unemployment rate, now at a historically low 3.5%. Some top economic policymakers like those at the Fed had predicted as early as last December that the unemployment rate would be roughly 1 percentage point higher by the end of 2023. A debt crisis and a default, even if only on some of the interest payments due each day, would move it forward, Bostjancic said.

☆ 5 Minutes That Will Make You Love Herbie Hancock
▼ + stars: | 2023-05-03 | by ( Marcus J. Moore | ) www.nytimes.com time to read: +2 min

Now, we’re turning to Herbie Hancock, the groundbreaking pianist and composer who emerged in jazz as something of a prodigy. His career took off after the trumpeter Donald Byrd asked Hancock to play in his quintet. By the early ’70s, Hancock had all but abandoned jazz for funk and ambient textures, and released challenging music that didn’t fit one box in particular. In 1973, he released his biggest album, “Head Hunters,” a propulsive funk odyssey that went platinum and led to Hancock playing to huge crowds. Below, we asked 11 musicians, writers and critics to share their favorite Hancock songs.

Search resuls for: "Lou"

25 mentions found