DIRS.INFO The most relevant business & tech news

☆ Vance looks to turn tables on Walz
▼ + stars: | 2024-08-11 | by ( Eric Bradner | ) edition.cnn.com time to read: +9 min

“Tim Walz gave his wife a nice, firm Midwestern handshake, and then tried to sort of awkwardly correct for it,” Vance said. Vance said “of course” he acknowledges the families of Harris and Buttigieg, and argued his comments were taken out of context. The Ohio senator said Republicans’ goal is to contrast the policies Trump stood for during his term in office with those of the Biden-Harris administration. “I think all President Trump was saying was that look, it’s kind of weird that you have so many bureaucrats making so many important decisions. “And I think that’s what President Trump was getting at.

Persons: Vance, Tim Walz, CNN’s Dana Bash, Walz, Kamala Harris, he’d, “ Tim Walz, ” Vance, “, ”, Dana, doesn’t, Walz “, Walz —, Harris, —, Donald Trump, Pete Buttigieg, Buttigieg, Trump, Joe Biden’s, ’, Joe Biden, Harris “, Joe Biden doesn’t, Walz misspoke —, I’m, Tim Walz’s, “ It’s, Doug Julin, CNN’s Laura Coates, Julin, “ I’m, Tim Walz didn’t, Kate Cox, … You’ve, Harris –, India – Vance, “ She’s, hasn’t Organizations: CNN, Republican, Democratic, MSNBC, Union, Transportation, Trump, Biden, Biden White, Army National Guard, Congress, Federal, National Association of Black Journalists Locations: Minnesota, Ohio, Philadelphia, “ State, United States, Milwaukee, Italy, Afghanistan, Iraq, Texas, Jamaica, India

☆ A millennial couple who make $250,000 say they can't find a home in their budget: 'We refuse to become house-poor'
▼ + stars: | 2024-08-11 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

They want to keep their monthly mortgage payment between $3,000 and $3,500 — or around 30% of their monthly take-home income of about $11,000. However, rising home prices and mortgage rates in recent years have made this goal difficult to accomplish. "We refuse to become 'house-poor' and, like many others, are choosing to sit it out until the housing market is reasonable again," Laura said. With an 11% downpayment, they estimated their monthly mortgage payment would be about $5,000 — about 43% of the couple's take-home monthly pay. AdvertisementGoing forward, Laura said they plan to continue monitoring the housing market for a home they like that's in their budget.

Persons: —, Laura Graves, Samuel, they'd, Laura, they've, they're, it's, There's, Samuel aren't, We'll Organizations: Service, Business, Federal, Housing Locations: Portland, Wilsonville , Oregon, Wilsonville, Spokane , Washington

☆ Stock futures are little changed ahead of key inflation and retail data: Live updates
▼ + stars: | 2024-08-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

U.S. equity futures fell on Sunday evening as investors braced for key inflation data, after almost completely reversing its violent market rout last week. S&P 500 futures dipped 0.08% and Nasdaq 100 futures inched lower by 0.05%. Fear often works in our favor as stock market investors. "Another round of good [inflation] data could help calm fears that the Fed is potentially losing the plot," Cox said. "Retail sales and retailer earnings may show that fears of a job market slowdown are overblown," she added.

Persons: Callie Cox, they'll, Cox Organizations: Dow Jones, Nasdaq, Dow, Ritholtz Wealth Management, CNBC, Walmart

☆ China stocks escaped much of the latest sell-off. Signals for whether to buy
▼ + stars: | 2024-08-11 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

The latest global market volatility has reinforced China's status as a distinct market, even if its growth has slowed recently. While U.S. tech stocks plunged and Japanese stocks swung wildly in a historic two days of price action , Chinese stocks suffered less . The investors remained net buyers of Chinese stocks for the third quarter so far as of Aug. 6, the data showed. Finally, the low correlation of the China stock market with the U.S. stock market could provide investors with diversification benefits." Chinese stocks, especially those traded on the mainland, have historically been less correlated to global market moves due to Beijing's capital controls and other restrictions.

Persons: Matt Wacher, William Yuen, Invesco, That's, Steven Sun, Paul Christopher, Morningstar's Wacher, it's, Wacher Organizations: Nasdaq, Nikkei, Morningstar Investment Management, U.S, HSBC, Technology, Shanghai —, Bank of, Federal Reserve, Treasury, HSBC Qianhai Securities, National Bureau, Statistics, Wells, Wells Fargo Investment Institute, Index Locations: Asia, U.S, Shanghai, China, Pacific, EPFR, Hong Kong, Bank of China, Wells Fargo

☆ A boomer lives on $1,601 monthly from Social Security and struggles to pay bills. She plans to wait a few more years until she touches her 401(k).
▼ + stars: | 2024-08-11 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

AdvertisementMaureen now lives on $1,601 monthly Social Security payments in northeast Pennsylvania, according to bank documents viewed by BI. For others, fixed Social Security incomes aren't enough to afford basic necessities. Over half of baby boomers have $250,000 or less in retirement assets, per a 2024 report from the Retirement Income Institute . AdvertisementHer husband's Social Security money primarily went to her daughters when they were young, she said, but she recently learned his employer is closing their pension system. With $1,601 monthly Social Security as her only source of reliable income, Maureen is on a tight budget.

Persons: —, Maureen, Patricia Polacco's, Maureen —, hasn't, she's, doesn't Organizations: Service, Business, Catholic, Social, BI, Northwestern Mutual, Income, Social Security, SNAP Locations: Pennsylvania

☆ Why fewer women are running for Congress this year
▼ + stars: | 2024-08-11 | by ( Simone Pathe | Hien An Ngo | ) edition.cnn.com time to read: +10 min

The number of Republican women running for the House this cycle dropped about 36% from 2022, while the number running for Senate dropped by about 45%, according to data from the Center for American Women and Politics at Rutgers. “With fewer competitive seats up for grabs, fewer candidates in both parties are running overall, but there is still very strong interest and enthusiasm from Republican women recruits,” Danielle Barrow, executive director of Winning for Women, which works to elect GOP women, said in a statement. That began to change after the 2018 midterms – the huge success enjoyed by Democratic women that year inspired more Republican women to run in 2020. Another possible reason why there may be fewer women running is what Dittmar calls toxicity. Quality over quantityThe decline in the number of candidates running, however, doesn’t necessarily mean there will be fewer women coming to Congress next year.

Persons: Kamala Harris, ”, Kelly Dittmar, “, they’re, –, ” Danielle Barrow, wasn’t, Dittmar, there’s, Lauren Zelt, ” Zelt, hasn’t, haven’t, Donald Trump, Elise Stefanik, Joe Kent, Leslie Lewallen, Kent, Lewallen, ” Dittmar, it’s, we’re, Women’s Barrow, York’s Alison Esposito, Carolina’s Laurie Buckhout, Nancy Dahlstrom, Julie Conway Organizations: CNN, Center for American Women, Rutgers, Republican, GOP, Democratic, Senate, Republicans, 118th, National Republican Congressional, PAC, Republican House, Congressional, House GOP, “ Locations: Washington’s

☆ A bride went on a solo bachelorette trip, and it saved her money and stress
▼ + stars: | 2024-08-10 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +7 min

"I started planning a very traditional bachelorette with about nine girls," Torres told Business Insider. AdvertisementBut as time went on, Torres realized a bachelorette would be more difficult to pull off than she anticipated — so she decided to go on a solo trip instead. Her friends also didn't lose out on any money when she decided to have a solo bachelorette trip since they had not put deposits down anywhere before Torres changed her mind. She said she was apprehensive about spending time alone before she went on the trip, as the bachelorette marked her first solo vacation. AdvertisementThe solo trip ended up being exactly what Torres neededTorres said her hesitation about a solo bachelorette came from what she thought others might think of her trip.

Persons: —, Priscilla, Prissy, Torres, Prissy Torres, Prissy Torres Torres, didn't, It's, I'm Organizations: Service, Mood, Business, BI, Miami Locations: Miami, Palm Springs , California, California, Palm Beach, Palm Beach , Florida

☆ USA defeats Brazil to win women’s soccer gold medal, capping brilliant start to Emma Hayes’ coaching tenure
▼ + stars: | 2024-08-10 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —New era, new head coach, but a familiar result for the US Women’s National Team. The most decorated team in women’s soccer won a fifth Olympic gold medal at the Parc des Princes in Paris, defeating Brazil 1-0 in the final. Mallory Swanson’s second-half goal gave the US the hard-earned victory on Saturday, capping off a dream start to head coach Emma Hayes’ managerial tenure. Hayes only took up her head coach role in May and was tasked with changing the team’s fortunes after a disappointing round-of-16 exit at last year’s Women’s World Cup. Franck Fife/AFP/Getty ImagesFor Brazil, this was a third defeat against the US in an Olympic final, denying the legendary Marta one last chance to win a gold medal.

Persons: Mallory Swanson’s, Emma Hayes ’, Korbin, Swanson, Lorena, Hayes, “, ” Hayes, ” Swanson, Franck Fife, Marta, Gabi Portilho’s, Alyssa Naeher, Ludmila, Tom Cruise, Megan Rapinoe, Trinity Rodman, ” Organizations: CNN, US, National Team, Parc des Princes, Brazil, Japan, Getty, France, Spain, Trinity, Chelsea Locations: Parc des, Paris, Germany, AFP, Brazil

☆ Protesters denounce Bulgaria's ban on LGBTQ ‘propaganda’ in schools
▼ + stars: | 2024-08-09 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

Protesters rallied outside Bulgaria’s parliament on Thursday to denounce a controversial legal amendment adopted the day before that bans talk of LGBTQ and so-called nontraditional sexual choices in schools. The amendment bans the “promotion, popularization and support of ideas and opinions related to non-traditional sexual orientation or sexual identification other than biological” in schools. Protesters rally outside Bulgaria's parliament on Thursday in Sofia, Bulgaria. Bulgaria has also declined to ratify the Istanbul Convention on preventing violence against women, because of widespread belief it means to promote LGBTQ rights. European rights groups, like the Belgium-based Forbidden Colors, condemned the legislation as an assault on the fundamental rights of LGBTQ individuals, particularly children.

Persons: Michaela Vatcheva Organizations: European Union, Protesters, Bloomberg, Getty, Union Locations: Bulgaria’s, Bulgaria, Russia, Russian, Bulgaria's, Sofia, Istanbul, Belgium, Hungary, Bosnia, Moldova, Turkey

☆ Harris erases Trump's lead on economy among younger Americans, CNBC/Generation Lab survey finds
▼ + stars: | 2024-08-09 | by ( Jason Gewirtz | ) www.cnbc.com time to read: +4 min

U.S. Vice President Kamala Harris and Republican presidential nominee and former U.S. President Donald Trump. But they also think the candidate best able to improve the economy is the de facto Democratic nominee Harris, not Republican nominee and former President Donald Trump. Three months ago, the same survey found Trump and Biden effectively tied, with 36% for Biden and 35% for Trump, and 29% planning to vote for Kennedy. This jump in support for Harris today is all the more notable because of how significant the economy is to the voting choices of younger Americans. In this survey, 77% of respondents said they either definitely or probably will vote.

Persons: Kamala Harris, Donald Trump, Brendan Mcdermid, Elizabeth Frantz, Harris, Biden, Joe Biden, Robert F, Kennedy Jr, Kennedy, Trump, Harris — Organizations: Republican, Reuters, Biden, CNBC, Money Survey, Democratic, Trump, Democratic Party, White, Democrats, Census Locations: Harris, U.S

☆ The Reason Trump and Vance Really Hate Being Called ‘Weird’ - The New York Times
▼ + stars: | 2024-08-09 | by ( Jamelle Bouie | ) www.nytimes.com time to read: +1 min

Trump and JD Vance, Kamala Harris and her allies say, are “weird.”It started with Gov. Tim Walz of Minnesota, now Harris’s running mate. They want to be in your exam room.”Democrats immediately embraced Walz’s characterization of the former president and his running mate. Pete Buttigieg, the secretary of transportation, said Trump was getting “older and stranger.” Gov. Josh Shapiro of Pennsylvania called Trump “weird” at a rally for Harris, as did Senator Chuck Schumer of New York, who also said that Vance was “erratic.”

Persons: Donald Trump, Donald, ”, —, Trump, MAGA, JD Vance, Kamala Harris, Tim Walz, Walz, Pete Buttigieg, Josh Shapiro, Harris, Chuck Schumer, Vance Organizations: Republican Party, Trump, Democratic Party, Gov, Republican, MSNBC, Pennsylvania Locations: America, Minnesota, New York

☆ Opinion | Think You’ve Planned for Retirement? Beware the Tax Torpedo.
▼ + stars: | 2024-08-09 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

Look out for the Social Security tax torpedo. It may be heading toward the hull of your retirement accounts as we speak. I’m in favor of taxing Social Security benefits, as the United States has done since 1983. In certain circumstances, because of the tax torpedo and another twist nicknamed the capital gains bump zone, someone in the 12 percent tax bracket who takes a $1,000 retirement distribution could end up paying $499.50 in tax — for a marginal rate of nearly 50 percent. There are ways to protect yourself from paying more tax than necessary, but they’re not simple.

Persons: Donald Trump’s Organizations: Social Security, Security, Internal Revenue Service Locations: United States

☆ Opinion | Nancy Pelosi: ‘It Didn’t Sound Like Joe Biden to Me’
▼ + stars: | 2024-08-09 | by ( Ezra Klein | ) www.nytimes.com time to read: +55 min

And they know you’re going to act so they won’t mess with you. Put it in somebody else’s mouth because it was AI mean, it didn’t sound like Joe Biden to me. I think you’re I think you’re underselling this a little bit. And if they don’t, I’m going to keep my promise and send them 100 powdered wigs because they’re just living in a different era. All these other politicians, these career politicians didn’t know how to make a good deal.

Persons: Nancy Pelosi, Harris, Tim Walz, Al Gore, They’re, he’s, Joe Biden, Obama, Walz, Donald Trump, it’s, Trump, Said, JD Vance, Kamala Harris, Gavin Newsom, Ro Khanna, Scott Wiener, haven’t, Liam McCarthy, Willie Brown, George Moscone, Leo, Dianne Feinstein, It’s, Kamala, she’s, let’s, Suzan, You’ll, That’s, you’ll, I’m, that’s, We’re, I’ve, He’s, what’s, Bob Dole, George Bush, Svetlana, they’re, Scott Brown, Ted Kennedy’s, Ted Kennedy, Scott Brown’s, We’ve, you’re, Bill, Harry, Harry Reid, Pelosi, John Boehner, you’ve, Weaver, that’s O.K, Kevin McCarthy, kaka, Bernie Sanders, Sanders, Ted Cruz, Let’s, Barney Frank, Bill I, Steny Hoyer, don’t, You’re, John Dingell, Roe, Ira, Biden, McCarthy, o’clock, Wade, Kathy Manning of, Kathy Manning, didn’t, America’s, Republicans can’t, You’ve, Mary Barra, Steph Curry, Elton John Bono, Bill Gates, ain’t, Abraham, Little, Hillary, Norman Lear, Umberto, Gabriel Garcia Marquez’s, I’ll, Darwin, Lincoln Organizations: Democratic Party, Democratic, Republican, Veterans Affairs, Trump, Republicans, Democrat, San, Cal Stanford, University of San, Morning, NATO, Affordable, Senate, White House, California Democratic Party, Technology Committee, North, Global, Abraham Accords, Rogue, Republican Party Locations: America, Minnesota, San Francisco, University of San Francisco, United States, It’s, Belarus, Massachusetts, California, Iraq, Idaho, Italian, Kathy Manning of North Carolina, China, Sudan, Michigan, Arizona, David, South, Baltimore

☆ Why Ibiza is having a fashion moment once again
▼ + stars: | 2024-08-09 | by ( Suyin Hayes | ) edition.cnn.com time to read: +8 min

CNN —There are two rather different perceptions of the Balearic island of Ibiza near Spain. “Today, (Ibizan style) still persists and is absolutely recognizable anywhere in the world.”Fashion brand Reformation dedicated their latest summer collection to Ibiza. ReformationAs well as on-island boutiques such as Annie’s Ibiza and Vicente Ganesha, Ibiza style is celebrated by Loewe’s creative director Jonathan Anderson, who grew up vacationing in Ibiza, and since 2017, has spearheaded a high end collaboration between the luxury house and another legendary local institution Paula’s boutique. “When the pandemic happened, there was a chance to reframe what Ibiza was about: slow travel, wellness and mindfulness,” Fonner said. “I don’t really think (Ibiza) has gained popularity in recent years; I believe it has always been popular artistically,” she said.

Persons: Gala Mora, Freddie Mercury, Grace Jones, Bob Marley, ” Mora, ”, Vicente Ganesha, Jonathan Anderson, Shane Fonner, ” Fonner, ‘, Assouline, biennal, Sergio Sancho, Oriol, Oriol Maspons Sancho, Sancho, “, Irene de Andres, Mora Organizations: CNN, “, L.E.R, Enric, Contemporary Art Museum Locations: Balearic, Ibiza, Spain, North America, Bohemia, Agrotourism, Spanish, Madrid

☆ Work Culture at the Gates Foundation: Bill Gates Was Domineering, Inspired Fear
▼ + stars: | 2024-08-09 | by ( Anupreeta Das | ) www.businessinsider.com time to read: +10 min

Every year, Bill Gates — and, until she left, Melinda French Gates — would hold multiple meetings with executives of the Gates Foundation to approve plans and budgets, and review strategies. For many, the meeting might be the only direct opportunity to interact with, and impress, Gates and French Gates. AdvertisementGates and French Gates followed the presentations closely, usually saving questions for the end. The former couple sought to maintain a professional relationship, giving themselves at least two years to see if they could work together, with the understanding that French Gates would leave if they couldn't. One former senior employee compared the style of discussion to the Socratic method, often used in law schools by professors who push students to reasoning through dialogue.

Persons: Bill Gates —, Melinda French Gates, Gates, Louis XIV, —, opprobrium, Gates —, Bill Gates, Simon, It's, Melinda weren't, hasn't, Warren Buffett —, outargue Gates, seethed, Anupreeta Das Organizations: Gates Foundation, Business, Employees, Avid Reader Press, Simon & Schuster, Inc, HBO, Microsoft Locations: French Gates, Versailles, Gates

☆ Gen Z isn't impressed by Tesla cars. That should worry Elon Musk.
▼ + stars: | 2024-08-09 | by ( Jaures Yip | ) www.businessinsider.com time to read: +5 min

A recent survey of Morgan Stanley's 2024 interns found that the "Tesla 'cool factor' is cooling" among Gen Zers in the US. Despite competition in the EV market becoming stiffer than ever, Tesla has not majorly refreshed its aging car models in years. AdvertisementInstead, Musk has been pivoting Tesla's future toward robo-taxis, but Gen Z doesn't seem interested. Robo-taxis will likely not be Tesla's saving grace, as 51% of Gen Z interns surveyed said they thought owning or leasing a car would still be necessary by 2030. AdvertisementAnd, for the Gen Z interns surveyed, it probably won't be an EV at all.

Persons: —, Morgan Stanley's, Zers, Morgan Stanley, Mercedes, Ivan Drury, Elon Musk, Drury, Gen Zers, Tesla, Musk, Z Organizations: Service, BMW, Business, EV, McKinsey Locations: Edmunds, Ukraine

☆ Paramount to lay off 15% of staff amid brutal period in media
▼ + stars: | 2024-08-08 | by ( Liam Reilly | Jon Passantino | ) edition.cnn.com time to read: +3 min

New York CNN —Paramount Global, the storied media conglomerate, announced Thursday it will lay off 15% of its US staff and write down $6 billion in value of its cable television networks as it prepares to merge with Skydance Media. Discovery, the parent company of CNN, TNT, HGTV and other cable networks, posted a $9.1 billion write down on its television business. “And this impairment acknowledges this.”The recent turbulence in the media business extends well beyond the traditional television industry, affecting digital news outlets and print publications. As profits in the television business have eroded away, Paramount has been hit particularly hard. Paramount said its streaming service Paramount+ posted a $26 million profit after losing $424 million during the same period last year and said it expects subscriber growth in the second half of the year.

Persons: David Ellison’s SkyDance, Chris McCarthy, “, ”, David Zaslav, Axios, Jim VandeHei Organizations: New, New York CNN, Paramount Global, Skydance Media, Paramount, Warner Bros, CNN, TNT, HGTV, Broadcasting, Cable, Nickelodeon, Comedy Central, MTV, Discovery, HBO, Max Locations: New York

☆ These are the 5 luxury items China's Gen Z is going nuts for, a retail expert says
▼ + stars: | 2024-08-08 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +7 min

Related storiesThat makes sense because, per Germano, Gen Z Chinese buyers are less logo-orientated than their parents' generations. Saint LaurentGermano's third pick was the Saint Laurent Niki Medium bag, which retails for $3,150. Yves Saint LaurentThe Saint Laurent Le 5 à 7 Hobo handbag, which retails from $1,750 to $5,100, is another one of Germano's picks. Jeremy Moeller/Getty ImagesMaison Margiela's Replica sneakers are trendy among Chinese Gen Z-ers, Germano said. Like the understated Saint Laurent Le 5 à 7 Hobo, Maison Margiela's Replica sneakers are simple and discreet enough for everyday use.

Persons: —, Zers, Antonello Germano, Z, GG Marmont, Gucci, Marmont, Edward Berthelot, Germano, Gucci Horsebit, Jeremy Moeller, Gen, millennials, Laurent Niki, Saint Laurent Germano's, Saint Laurent Niki, Saint Laurent, Laurent Le, Yves Saint Laurent The, Yves Saint Laurent The Saint Laurent Le, Germano's, Laurent, Burberry, Hugo Boss, Bernard Arnault's LVMH, Louis Vuitton, Maison, Saint Laurent Le Organizations: Service, Daxue Consulting, Business, Getty, Saint, Yves Saint Laurent The Saint, tote, Bloomberg, Swatch, Dior Locations: China, Givenchy, Japan, Miami

☆ Gen Z Loves the Gym; That's a Problem for Chains Like Planet Fitness
▼ + stars: | 2024-08-08 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +13 min

Advertisement"As much as we think that our country is obese or unhealthy, there's another whole side who are into their fitness," Taylor said. Taylor told me that strength training now makes up 90% of her routine. Gyms are quickly becoming Gen Z's favorite hangout spot — but there's just one problem with the fitness boom. Chains like Planet Fitness rely on members never showing up; the gyms aren't built for Gen Z. Planet Fitness, the most popular gym franchise in the US, has on average 6,500 members per gym.

Persons: Britt Taylor, Taylor, Gen, aren't, Les Mills, Gen Z, who's, Z's, they've, Kayla Itsines, Christian Guzman, Whitney Simmons, Simeon Panda, Casey Johnston, Johnston, Sarah Ryan, Ryan, Amrita Bhasin, Bhasin, Britt, it's, Jim Thomas, Gen Zers, It's, Renel Scarlett, didn't, Amelie Desai, I've, Desai, Scarlett, Bassem Mostafa Organizations: Boca, McKinsey, ABC, American College of Sports, Gen, YouTube, Weightlifting, Fitness Management, Health, CNN, Works Health Club, Health & Fitness Association, GlobeMonitor Market Research Agency Locations: Boca Raton , Florida, California, Portland , Maine, Maine, Portland, American

☆ Everyone from Starbucks to Chinese giants wants in on the boba tea craze. Meet the family who says they started it all.
▼ + stars: | 2024-08-08 | by ( Huileng Tan | ) www.businessinsider.com time to read: +11 min

Chun Shui Tang founder Liu Han-chieh and managing director Angela Liu at one of their company's teahouses in Taichung. Chun Shui Tang's executives appear unperturbed by the many shapes and forms boba tea takes these days — Heinz ketchup boba tea, anyone? AdvertisementIn 2008, Chun Shui Tang introduced a boba tea hot pot with a savory tea-infused broth. Huileng Tan/Business InsiderChun Shui Tang OG shop in Taichung is a tourist hotspotToday, Liu's OG Chun Shui Tang teahouse in Taichung is on many tourists' checklists. Chun Shui Tang founder Liu said he isn't worried about the competition, because the market is big enough for everyone.

Persons: —, Chui, Chui Shui Tang, Chun Shui Tang, Liu Han, Liu, It's, Lin Hsiu, Chun, Huileng Tan, Lin, Angela —, doesn't, he's, Tang, He's, boba, Tu, Liu's, Angela, Chun Shui, Angela Liu, Heinz, they've, Liu wasn't, Mark Anthony Villones, Villones, Filippino Mark Anthony Villones, Kayne Sy, China Chun Shui Tang, Jason Yu, Kantar, Aly Song, Yu, it's Organizations: Service, Business, Chun Shui, Starbucks, Purdue University, Chun Shui Tang, Liu's, BI Locations: Chui Shui, Taiwan, Taichung, Japan, Tainan, China, Huileng, —, Philippines, Central China, Hong Kong

☆ Gen Z convinced me to buy trendy ballet flats. They never left my closet.
▼ + stars: | 2024-08-07 | by ( Amanda Krause | ) www.businessinsider.com time to read: +6 min

Read previewI scrolled through designer websites, searching for the perfect ballet flats. I lusted over a $1,170 pair of slippers from Miu Miu but couldn't justify the purchase for obvious reasons. I dreamed of these expensive Miu Miu shoes before settling on a pair from Target. I loved my ballet flats when I styled them, but did I need to own them in the first place? Making the most of my purchaseI'm unsure how much longer ballet flats will be considered chic.

Persons: —, Miu Miu, Sam Edelman's, I'd, pang, Jeremy Moeller, Paris Hilton, Rihanna, Hilton, Kim Kardashian, Jeffrey Campbell's Lita, Miu Miu's, Gen Zers, TikTok, chunky Mary Janes, Amanda Krause, Carolyn Mair, Gen Z, There's, Mair, Lita, " Mair Organizations: Service, Target, Business, Getty, Footwear News, Paris, PhotoNews, Inc, Converse Locations: Lyst

☆ Japanese yen carry trade: A very popular trading strategy just blew up in investors’ faces
▼ + stars: | 2024-08-07 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

When you hear commentators talking this week about the “yen carry trade” or the “great unwind,” they’re referring to a popular trading strategy that is, suddenly, blowing up in investors’ faces. The carry trade, explainedPut simply: A carry trade is when you borrow money in a place where interest rates are low and use it to invest elsewhere in assets that generate some kind of return. “That is bonkers.”The yen carry trade proved especially popular in the last four years, because Japan was the only major economy in the world offering essentially free money. The carry trade relies on borrowing, which means it’s a leveraged position. “The carry trade unwind… is somewhere between 50%-60% complete.”In other words: Buckle up, and don’t panic.

Persons: CNN Business ’, ”, John Authers, “, it’s, John Sedunov, Kit Juckes, ” Sedunov, Arindam Sandilya, JPMorgan Chase, Buckle Organizations: CNN Business, New York CNN, Wall, ” Bloomberg, Treasury, Villanova School of Business, Bank of Japan, Federal Reserve, Societe Generale, JPMorgan, Bloomberg Locations: New York, Japan, Europe

☆ Greenlight's David Einhorn sees 'higher secular inflation' in the years ahead
▼ + stars: | 2024-08-06 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Greenlight Capital's David Einhorn believes the outcome of the U.S. presidential election is insignificant to the markets, as he sees elevated inflation on the back of a burdening fiscal deficit under both candidates. "From a market perspective, we don't think it matters very much who wins," Einhorn wrote in a letter to investors dated Tuesday. We believe this supports our ongoing expectations of higher secular inflation in the coming years." Vice President Kamala Harris has entered the race following President Joe Biden's exit, going head to head with former President Donald Trump in the November election. The federal debt is now at $34.5 trillion , or about $11 trillion higher than where it stood in March 2020.

Persons: Greenlight Capital's David Einhorn, Einhorn, Kamala Harris, Joe Biden's, Donald Trump, Biden, — CNBC's Michael Bloom Organizations: U.S, Brighthouse, ODP Corporation, HP, Kyndryl Holdings, Consol Energy

☆ Moving out of cash? These are the top-performing fixed income funds so far this year
▼ + stars: | 2024-08-06 | by ( Weizhen Tan | ) www.cnbc.com time to read: +1 min

Get out of cash — that's what many on Wall Street have been saying since expectations of rate cuts started rising earlier this year. They're now doubling down on that call, with the U.S. Federal Reserve signaling that it would finally cut rates in September. That would make cash rates less attractive than other parts of fixed income. "An easier tack from the central bank is likely to buoy risk markets like high yield fixed income and other spread product, including structured products, investment grade corporates and emerging market debt," said Robert Tipp, chief investment strategist and head of global bonds at PGIM Fixed Income. For investors looking for ideas, here are the top-performing global fixed income funds covered by Morningstar.

Persons: They're, Rick Rieder, Robert Tipp, Tim Murray, Price Organizations: U.S . Federal Reserve, Morningstar

☆ Republicans rush to try to define Tim Walz
▼ + stars: | 2024-08-06 | by ( Alayna Treene | ) edition.cnn.com time to read: +3 min

CNN —Republicans moved quickly Tuesday to try to define Minnesota Gov. Tim Walz, whom Vice President Kamala Harris has chosen as her running mate. “She found a 60-year-old White guy who has the same crazy ideas she does,” one of the advisers said. But he’s since fallen out of favor with the gun lobby over his support for gun safety actions as governor. Iowa Sen. Joni Ernst echoed that message, calling Walz “Bernie Sanders’ choice for VP.”

Persons: Tim Walz, Kamala Harris, “ Kamala Harris, Donald Trump’s, Walz, Harris, Joe Biden, Trump’s, Ohio Sen, JD Vance, ”, Walz —, —, “, you’re, Ilhan Omar, Trump, Josh Shapiro, Shapiro, Republicans —, Vermont Sen, Bernie Sanders ’, “ Kamala Harris ’, Elise Stefanik, Bernie Sanders, Carolina Sen, Lindsey Graham, Iowa Sen, Joni Ernst, Walz “ Bernie Sanders Organizations: CNN, Republicans, Minnesota, Trump, Army National Guard, Biden, Minnesota Rep, National Rifle Association, Pennsylvania, Congressional Republicans, Democrat Party Locations: lockstep, Minnesota, Vermont, ”, Carolina, Iowa

Search resuls for: "Favor"

25 mentions found