DIRS.INFO The most relevant business & tech news

☆ Vladimir Putin's war with Ukraine is boosting Russia's economy, IMF says
▼ + stars: | 2024-01-30 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

The International Monetary Fund raised its 2024 forecast for Russia's economy. AdvertisementVladimir Putin's ongoing war with Ukraine is boosting Russia's economy, the International Monetary Fund said. In an update to its World Economic Outlook issued Tuesday, the IMF raised its 2024 growth forecast for Russia from 1.1% to 2.6%. The IMF flagged Russia's high military spending as one factor powering growth. Russia's tight labor market has also helped boost the economy by pushing up wages and consumer spending, according to the IMF.

Persons: —, Vladimir Putin's, Dmitry Peskov, Pierre, Olivier Gourrinchas Organizations: Monetary Fund, Service, International Monetary Fund, IMF, Russia Locations: Ukraine, Russia, Moscow, China, India, Brazil

☆ China's economy is facing a nightmarish Year of the Dragon
▼ + stars: | 2024-01-30 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

With the Year of the Dragon less than two weeks away, China's economy wobbled again on Monday. Fragile growthIn late 2022, China's Communist Party finally called time on its harsh zero-COVID measures — but the economy hasn't enjoyed the post-lockdown rebound many forecasters had predicted. DeflationFalling prices are another source of China's economic woes. AdvertisementNone of that speaks to a dedication to the free market — so China will likely keep struggling to attract more foreign investment in 2024. The sell-off reflects investor concern about the economy's overall health, as well as Chinese tech companies falling behind their US rivals in the development of AI.

Persons: wobbled, Linda Chan, Evergrande, Liquidators, hasn't, they'll, Li Qiang, John Kerry, Janet Yellen, Elon Musk, Xi Organizations: Hong, Business, China's Communist Party, World Bank, Tesla, Communist Party, Bain, Co, Big Tech, CSI Locations: Hong Kong, Evergrande, Beijing, China, Japan, Shanghai

NEW YORK (AP) — The songwriters who gave us “Your Song,” “Tiny Dancer” and “Rocket Man” will add to their stuffed awards shelf later this year when Elton John and Bernie Taupin are awarded the Gershwin Prize. “Elton John and Bernie Taupin have written some of the most memorable songs of our lives. Taupin and John were inducted into the Songwriters Hall of Fame in 1992. In 2023, John inducted Taupin into the Rock & Roll Hall of Fame. John this month achieved EGOT status after winning an Emmy for "Elton John Live: Farewell from Dodger Stadium.”

Persons: ”, Dancer ”, Elton John, Bernie Taupin, Gershwin, John, Taupin, “ Elton John, Carla Hayden, “ Bennie, ” John, George, Ira Gershwin, ” Taupin, Ira, John’s George Gershwin, Marilyn Monroe —, Diana —, Stevie Wonder, Paul McCartney, Billy Joel, Willie Nelson, Smokey Robinson, Tony Bennett, Lionel Richie, Joni Mitchell, Emilio, Gloria Estefan, Garth Brooks, “ I’ve, Bernie, “ Organizations: Congress, Washington , D.C, PBS, Jets, Jazz, Songwriters Hall of Fame, Roll Hall of Fame, Dodger, ” Locations: Washington ,

☆ Joni Mitchell Adds a Gig to Her Comeback Tour: The Grammys
▼ + stars: | 2024-01-29 | by ( Ben Sisario | More About Ben Sisario | ) www.nytimes.com time to read: +1 min

Nine years ago, Joni Mitchell fans wondered if they might ever hear her perform again, after Mitchell — the Canadian singer-songwriter and icon of the folk movement — had an aneurysm that initially left her unable to speak. But in recent years she has made a gradual recovery, and in 2022 she surprised the music world with a performance at the Newport Folk Festival. And on Sunday, at age 80, Mitchell is set to perform at the Grammy Awards for the first time. Show organizers offered no details about her appearance, including whether she is expected to play solo or with guests. “To hear Mitchell hit certain notes again in that inimitable voice was like glimpsing, in the wild, a magnificent bird long feared to have gone extinct.”

Persons: Joni Mitchell, Mitchell —, —, Mitchell, “ Joni Mitchell, Brandi Carlile, Wynonna Judd, Marcus Mumford, George Gershwin’s, Carlile —, ” Lindsay Zoladz, “ Organizations: Newport Folk, The New York Times Locations: Newport, ”, George

☆ The US economy is likely headed for another 'roaring '20s' of rapid growth, market veteran says
▼ + stars: | 2024-01-26 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

The US economy may be about to relive the "roaring '20s," according to Ed Yardeni. "We're in the early stages of a productivity growth boom," the veteran strategist told Bloomberg. His comments come with the economy expanding at a stronger-than-expected pace and the S&P 500 trading at an all-time high. AdvertisementVeteran market strategist Ed Yardeni thinks the US economy might be about to relive the "roaring '20s". I think we've got a technology revolution that started in the 1990s… every company is a technology company.

Persons: Ed Yardeni, Bloomberg, —, Merryn, he's, We've, we've Organizations: Service, Yardeni, Bloomberg, UBS Locations: Swiss

☆ Nobel laureate Paul Krugman says this isn't a 'Goldilocks' economy – it's even better, thanks to strong growth and cooling inflation
▼ + stars: | 2024-01-26 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Paul Krugman believes the outlook for the US economy is better than a "Goldilocks" scenario. Krugman's comments came after Bureau of Economic Analysis data showed that the US's GDP rose by a better-than-expected 3.3% over the final quarter of 2024. AdvertisementThe US economy isn't just headed for a so-called "Goldilocks" scenario – things are looking even better than that, according to Paul Krugman. "This is not a Goldilocks economy," the Nobel Prize-winning economist wrote on X Thursday, referring to a situation where growth, inflation, and unemployment are all at levels that look "just right". "We have an economy that is both satisfyingly hot (GDP) and refreshingly cold (inflation)."

Persons: Paul Krugman, Krugman's, —, Krugman, Joe Biden, JPMorgan Chase, Jamie Dimon, Steve Hanke, David Rosenberg, Hanke, Rosenberg, it'd Organizations: Service, Bureau, Federal Reserve, JPMorgan, Fox Business

Luka Doncic and Devin Booker went on another NBA scoring spree on Friday night, making this a week like none other in league history. “I mean, you have some amazing players, man," Doncic said Friday when asked about the recent run of great scoring performances. Chamberlain scored 100 on March 2, 1962; Bryant scored 81 on Jan. 18, 2006; Chamberlain had 78 on Dec. 8, 1961. And now, Doncic has joined their echelon, his 73 tying Thompson and Chamberlain (who did it twice) for fourth-most in an NBA game. Leaguewide, NBA teams are averaging about 116 points per game this season — the highest rate in the league since the 1969-70 season.

Persons: Luka Doncic, Devin Booker, Doncic, —, Booker, Joel Embiid, Karl, Anthony Towns, David Thompson, George Gervin, Chamberlain, Kobe Bryant, Bryant, Thompson, ” Doncic, Jason Kidd, David Robinson, ” Kidd, — Embiid, Kevin Love, “, ” Booker, Frank Vogel, He'll, Jerry West, Milwaukee’s Giannis Antetokounmpo, haven't, Leaguewide, Charles Odum, ___ Organizations: Dallas, Phoenix Suns, Philadelphia, Minnesota, NBA, Kobe Bryant —, Los Angeles Lakers, Dallas ’, Atlanta, ” Mavericks, Elgin Baylor, Boston, Suns, Indiana, Washington, Portland, ” Suns, Lakers, Philadelphia Warriors, Warriors, Doncic, Baylor, AP Locations: Embiid, Dallas, —, Towns, West, Atlanta

County lawyers had urged approval of the settlement in a letter to the board, the station said. In 2020, it won a five-year, $2.9 million contract with LA County for software to track election worker schedules, training, payroll and communications. Yu sued the county, alleging that District Attorney George Gascón had targeted him based on allegations of conspiracy theorists and election deniers. “Plaintiffs alleged Mr. Yu’s arrest and the seizure of Konnech’s property was without probable cause and a violation of Mr. Yu’s civil rights causing damage to Konnech’s business and Mr. Yu’s reputation,” according to the letter by the county lawyers. In legal filings for the lawsuit, Yu noted that Los Angeles County continues to use Konnech's services and is, in fact, its largest customer.

Persons: Eugene Yu of, Konnech, Yu, George Gascón, wasn't, Dean Z, ”, Mr, Gregg Phillips Organizations: ANGELES, Konnech Corp, LA, LA County, Attorney's Office, Associated Press, Attorney's, Chinese Communist Party, New York Times, Attorney’s Locations: Los Angeles County, Eugene Yu of Michigan, East Lansing , Michigan, Michigan, United States, China, Angeles, North America

☆ Bank OZK CEO: 2023 was 'business as usual' despite turmoil in the industry
▼ + stars: | 2024-01-22 | 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 EmailBank OZK CEO: 2023 was 'business as usual' despite turmoil in the industryGeorge Gleason, Bank OZK CEO, joins 'Money Movers' to discuss whether the regional banks are now active in the loan business, how cautious Gleason is for commercial real estate or construction loans, and more.

Persons: George Gleason, Gleason Organizations: Bank, Bank OZK

☆ Norman Jewison Was a Versatile Director. These 6 Films Show His Range.
▼ + stars: | 2024-01-22 | by ( Esther Zuckerman | ) www.nytimes.com time to read: +2 min

The oeuvre of director Norman Jewison, who died this past weekend at the age of 97, can’t be simply categorized. Here are some films of his available to stream, no matter your mood. Without telling his wife, Judy Kimball (Day), George goes about trying to make sure she is set for when he dies, including finding her a new man to marry when he’s gone. It’s a classically zany rom-com from the era, but the film also shows Day and Hudson at their most vulnerable as they untangle all these complications. It’s a sign of what was to come from Jewison, who always found the emotional core of his characters and allowed actors to do some of their best work.

Persons: Norman Jewison, can’t, Thomas, Jewison, Doris Day, Hudson, George Kimball, Judy Kimball, George, he’s Organizations: Universal Locations: Hollywood, Hudson, Jewison

☆ The S&P 500 just hit an all-time high – but many other US stocks are still in a bear market
▼ + stars: | 2024-01-22 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Read previewBlue-chip US stocks are trading at record levels – but small caps are still feeling the pain. That means the widely-followed gauge is technically still in a bear market, with high interest rates hammering lower-market-cap stocks even as AI powers the "Magnificent Seven" Big Tech titans to massive gains. "40% of Russell 2000 companies lose money, so these are companies that rely on credit to stay afloat." But the Russell 2000 is still in a bear market," he added. Economic bellwetherThe Russell 2000 isn't just a gauge of smaller-cap stock prices – it's also an economic bellwether.

Persons: —, Russell, they've, Ronald Temple, Lazard, Charles, Henry Monchau, That's, isn't, it's, JPMorgan Chase, Jamie Dimon, Steve Hanke, David Rosenberg, Hanke, Rosenberg, it'd Organizations: Service, Business, Big Tech titans, Federal Reserve, Facebook, Big Tech, Microsoft, Nvidia, Syz, LinkedIn, JPMorgan Locations: Swiss

MINNEAPOLIS (AP) — Karl-Anthony Towns scored 44 points in the first half Monday night, a franchise record for the Minnesota Timberwolves. Towns was 14 for 17 from the field and 8 of 9 from 3-point range as the Wolves took a 69-64 lead over the Charlotte Hornets. The eight 3-pointers in a half were two shy of the NBA record. The NBA record for points in a first half is shared by David Thompson and George Gervin with 53. ___Political Cartoons View All 253 Images

Persons: — Karl, Anthony Towns, David Thompson, George Gervin Organizations: Minnesota Timberwolves, Wolves, Charlotte Hornets, NBA Locations: MINNEAPOLIS, Towns

Karl-Anthony Towns had 62 around the midpoint of the fourth quarter in Minnesota. Mark it down: Jan. 22, 2024, was a day unlike almost any other in NBA history. On the 18th anniversary of Kobe Bryant's 81-point game for the Los Angeles Lakers — the second-best scoring game in NBA history — Embiid and Towns put on a scoring show of their own with a pair of career-high, franchise-record efforts. Towns scored his 62nd point — two more than his previous career best and Wolves record — on a layup with 5:27 left in Minnesota's game against Charlotte. It all meant Monday was the fourth day in NBA history where two players scored at least 60 points in the same day.

Persons: Joel Embiid, Karl, Anthony Towns, —, Towns, David Thompson, George Gervin, Jerry West, Wilt Chamberlain, Chamberlain Organizations: Kobe Bryant's, Los Angeles Lakers, 76ers, San, Charlotte, Elgin Baylor Locations: Philadelphia, Minnesota, Kobe, San Antonio

☆ Bank credit is shrinking for the first time since the Great Recession – and that's a red flag for the economy
▼ + stars: | 2024-01-19 | by ( George Glover | ) www.businessinsider.com time to read: +5 min

The last one was during the Great Recession, brought about by the global financial crisis of 2008-2009. The extended slump in bank lending comes as many Wall Street experts continue to project a pessimistic outlook for the economy, despite the surprisingly upbeat trend seen in 2023. Recession warningsThe US economy defied forecasters' gloomy predictions by dodging a recession last year, with strong consumer spending helping to prop up growth. AdvertisementBut not everyone on Wall Street is so cheerful. It might be a mild recession or a heavy recession," he added, noting it's possible that the downturn bites in 2024.

Persons: —, Jeffrey Gundlach, Henry Kravis, David Rosenberg, Steve Hanke, Gary Shilling, Continentale, Janet Yellen, haven't, JPMorgan Chase, Jamie Dimon, Hanke, Rosenberg, it'd Organizations: Service, Business, Governors, Federal, Wall, Louis Federal Reserve, Bank, Federal Reserve, Philadelphia Fed, JPMorgan, Fox Business Locations: Bank, Ukraine, Gaza

☆ Elon Musk is about to find out if ultimatums really work
▼ + stars: | 2024-01-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the ultimatum Elon Musk gave Tesla's board amid a critical time for the company. The big storyElon's ultimatumREUTERS/Steve NesiusUltimatums rarely work in relationships, but what about between CEOs and the massive companies they run? Elon Musk is about to find out. Musk, who has roughly a 13% stake in the EV maker, said if his request isn't met, he'll "prefer to build products outside of Tesla." Meanwhile, Ross Gerber, a longtime Tesla bull, said it's "absurd" to think Musk doesn't already have control over Tesla and described his request as "blackmailing the Tesla shareholders."

Persons: —, Antony Blinken, Elon Musk, Steve Nesius Ultimatums, Elon, isn't, didn't, Wedbush's Dan Ives, Musk's, Ross Gerber, Tesla, Dow Jones, George Glover, That's, cowering, Caspar Benson, Jamie Dimon, dory, Trump, Ray Dalio, Biden, Evan Spiegel's, Hokyoung Kim, They've, Kristen Stewart, Christopher Nolan, Maite Alberdi, Celine Song, Eugene Lee Yang, Dave Bautista, Kevin Costner, Estelle, AA Milne, Jay Chou, Jennifer Ortakales Dawkins Organizations: Service, Boeing, Business, Tesla, EV, Apple, Microsoft, Nvidia, Getty, Intellia Therapeutics, Shoals Technologies, JPMorgan, Biden, Bridgewater Associates, Trump, Alliance, Helicopter, BI, Sundance, Northern Trust Locations: Switzerland, Tesla, Northern

☆ China's population keeps falling — and that's more bad news for the world's 2nd-largest economy
▼ + stars: | 2024-01-17 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Read previewChina's population fell again last year – and that's a worrying sign for Beijing policymakers already grappling with deflation, a property crisis, and anemic economic growth. It's the second consecutive year that China's population has shrunk after six decades of rapid growth. Here's why dropping population numbers pose a threat to the world's second-largest economy. Worrying dataChina's population fell in 2022 for the first time since the 1960s – and Wednesday's statistics showed that the same thing happened again last year. A declining population is also bad news for real estate, which accounts for a quarter of China's economy and 70% of household wealth.

Persons: —, lockdowns, They've, they'll Organizations: Service, Business, National Bureau, Statistics, World Health Organization, Apple Locations: Beijing, China, —, Japan

☆ 2024 will be a perilous year for the world economy as geopolitical tensions ramp up, top economists warn
▼ + stars: | 2024-01-17 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Top economists are fretting about geopolitical tensions, according to a World Economic Forum survey. AdvertisementThe year 2024 will likely be a stormy one for the global economy as growth slows and geopolitical tensions ramp up around the world, according to a World Economic Forum survey. More than half the respondents said the world economy will get weaker this year, and 70% predicted looser financial conditions – implying that they believe central banks, including the US Federal Reserve, will start lowering interest rates at some point in 2024. Advertisement"Amid accelerating divergence, the resilience of the global economy will continue to be tested in the year ahead," WEF managing director Saadia Zahidi said. "Though global inflation is easing, growth is stalling, financial conditions remain tight, global tensions are deepening and inequalities are rising."

Persons: they're, Ray Dalio, Jamie Dimon, —, Saadia Zahidi, JPMorgan Chase, aren't Organizations: Service, US Federal Reserve, JPMorgan, Sunday Times, Bridgewater Associates Locations: Swiss, Davos, Ukraine, China, Chicago

☆ Goldman Sachs posts an earnings beat as growth for its stock-trading business triples estimates
▼ + stars: | 2024-01-16 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewGoldman Sachs posted a better-than-expected fourth-quarter earnings report Tuesday, bringing a sometimes turbulent year for the bank and its CEO David Solomon to a close. This story is available exclusively to Business Insider subscribers. Its total revenue for the quarter came in at $11.3 billion, slightly higher than Wall Street's prediction of $10.8 billion. "This was a year of execution for Goldman Sachs," Solomon said.

Persons: —, Goldman Sachs, David Solomon, Refinitiv, Goldman, Solomon Organizations: Service, Business, Revenue, Federal Reserve

☆ Trade between China and Russia ballooned to a record $240 billion last year
▼ + stars: | 2024-01-15 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

China's trade with Russia jumped 26% to a record $240 billion last year, according to customs data published Friday. The ties between the two countries have strengthened since Russia invaded Ukraine in February 2022. AdvertisementTrade between China and Russia ballooned to a new record last year with the economic ties between Beijing and Moscow strengthening even as the war in Ukraine rages on. Dollar-denominated commerce between the two countries climbed 26% from $190 billion to $240 billion in 2023, data published by China's General Administration of Customs on Friday showed. "Ideological confrontation, geopolitical rivalry and bloc politics are not the choice for us, but we stand against economic sanctions, economic coercion, and decoupling and supply chain disruptions," he said.

Persons: —, Brent, Xi Jinping, Vladimir Putin Organizations: Service, China's, Administration, Customs Locations: Russia, Ukraine, China, Beijing, Moscow, Kremlin, Refinitiv, Washington

☆ Opinion: Bill Belichick and Nick Saban were the kind of coaches I tell my therapist about
▼ + stars: | 2024-01-12 | by ( Opinion Jeff Pearlman | ) edition.cnn.com time to read: +11 min

Under his leadership, Belichick took an organization that never sniffed a Super Bowl title and made it a regular occurrence. Jeff Haynes/AFP/Getty Images Belichick, right, coaches alongside New York Giants head coach Bill Parcells during a playoff game in 1984. Jim Rogash/Getty Images Belichick watches from the sideline as his team plays the Seattle Seahawks in the 2015 Super Bowl. Tom Pennington/Getty Images Belichick presents President Donald Trump with an official Super Bowl helmet at the White House in 2017. Kevin C. Cox/Getty Images Belichick leaves the field after losing to the Kansas City Chiefs in December 2023.

Persons: Jeff Pearlman, Jim Fregosi, Paul Olkowski, Fregosi, “ Skip, “ John, ”, “, ” Fregosi, Bill Belichick, Nick Saban, Alabama’s, Belichick, Saban, Tom, Randy Moss, Bear Bryant, Vince Lombardi, Jeff Haynes, Bill Parcells, Parcells, Arthur Anderson, Ralph Waclawicz, George Gojkovich, Anthony Pleasant, Wayne Scarberry, Al Pereira, Robert Kraft, Kraft, Al Messerschmidt, Kevin Terrell, Tom Brady, Damian Strohmeyer, Karen Warren, Steve, David J, Phillip, Jay Leno, Paul Drinkwater, videotaping, Roger Goodell, Matthew West, Peyton Manning, Reed, Jim Rogash, Christian Petersen, Brady, Tom Pennington, Donald Trump, Samuel Corum, Kevin C, Cox, Maddie Meyer, Steven Senne, —, Deion Sanders, Dan Campbell, he’s, Mike Ditka, George Allen, Steve Rushin, Doug Rader, Lou Piniella, it’s Organizations: CNN, Sports, Toronto Blue Jays, Sports Illustrated, Super, New England Patriots, Tide, Bama, Super Bowl, Getty, New York Giants, Parcells, ESPN, Cleveland Browns, Denver Broncos, Buffalo Bills, New York Jets, Jets, NFL Hall of Fame, Patriots, St, Louis Rams, Jacksonville Jaguars, Houston Chronicle, Philadelphia Eagles, NBCU, Bank, NFL, MediaNews, Boston Herald, Indianapolis Colts, Reed Saxon, Giants, Belichick, AFC, Seattle Seahawks, White House, Atlanta Falcons, Anadolu Agency, Los Angeles Rams, Kansas City Chiefs, The Patriots, Twitter, University of Colorado, Detroit Lions, Schlitz, Chicago Bears, Washington Redskins, California Angels, Seattle Mariners Locations: Tuscaloosa , Alabama, AFP, Baltimore, Hawaii, Boulder, California, Swiss, ”

☆ US home prices jump another 5% on tumbling mortgage rates and tight supply
▼ + stars: | 2024-01-10 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

US home prices climbed 5.2% year-over-year in November, according to CoreLogic. Falling mortgage rates and a dwindling supply have helped prop up the market. AdvertisementUS home prices have continued to climb, according to CoreLogic data, with tumbling mortgage rates helping prop up the nation's supply-starved housing market. The US housing market stagnated last year – but there have been signs of a thaw in recent months, with mortgage rates falling away from 23-year highs. Home prices rose the most in the US's northeastern region in November – with the Rhode Island, Connecticut, and New Jersey housing markets each experiencing double-digit year-over-year growth.

Persons: Selma Hepp, —, Freddie Mac Organizations: Service, Biden Administration, National Association of Realtors Locations: –, Rhode Island , Connecticut, New Jersey, Idaho , Utah, Washington

☆ Sliding mortgage rates are helping to thaw the frozen housing market, Redfin says
▼ + stars: | 2024-01-05 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

There's finally a glimmer of hope for the housing market, according to Redfin. AdvertisementThere are signs the frozen housing market is starting to thaw after a year where higher mortgage rates drove potential buyers away, according to Redfin. Still, the flare-up fueled a slowdown in housing market activity, with potential buyers disenchanted by higher rates and would-be sellers opting to stay put to take advantage of being locked in at a lower mortgage rate. Mortgage rates still look high compared to historic levels despite the recent pick-up in demand, according to real-estate agents. "There have been more tours and more offers on my listings since mortgage rates started declining," said Shay Stein, who works for Redfin in Las Vegas.

Persons: There's, —, Freddie Mac, Redfin, Shay Stein Organizations: Service, Federal Reserve, Redfin Locations: Las Vegas

☆ President RFK Jr. and an AI deepfake security crisis headline Saxo Bank's 8 outrageous predictions for 2024
▼ + stars: | 2023-12-05 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Denmark's Saxo Bank published its annual list of outrageous predictions Tuesday. They flagged risks including an AI deepfake security crisis and Robert F. Kennedy Jr. winning the US presidential election. Headlining the bank's predictions this year are Robert F. Kennedy Jr. winning the 2024 presidential election and the rise of generative AI sparking a national security crisis in the US. Meanwhile, Saxo sees a high-profile government official getting tricked by AI deepfake technology, triggering a national security crisis. "Outrageous predictions are a deliberate effort to push the boundaries of market participants' imaginations and prepare them for any eventuality," Saxo added.

Persons: Robert F, Kennedy Jr, —, Saxo, –, Joe Biden, Donald Trump, John Hardy, Hardy, Peter Garnry Organizations: Denmark's Saxo Bank, Service, RFK, Big Tech, New York Times, EU Locations: Wall, Silicon, FiveThirtyEight

☆ Grand Theft Auto VI publisher's stock tumbles after first trailer reveals the video game won't come out until 2025
▼ + stars: | 2023-12-05 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

The stock tumbled despite the long-awaited release of the first trailer for Grand Theft Auto VI. The video game is set to come out in 2025, meaning it'll have little to no impact on Take-Two's earnings next year. AdvertisementTake-Two Interactive's stock price tumbled in premarket trading Tuesday after the first trailer for "Grand Theft Auto VI" revealed that the hotly-anticipated title won't be released until 2025. AdvertisementPrevious title "Grand Theft Auto V" is one of the highest-selling video games of all time, having shipped around 190 million copies worldwide and netted Take-Two roughly $8 billion worth of revenue. Rockstar's 90-second video also confirmed that the game will take place in Vice City, the Grand Theft Auto universe's equivalent of Miami, and feature both a male and a female protagonist, as previously reported by Bloomberg News' Jason Schreier.

Persons: —, what's, Jason Schreier Organizations: Service, Rockstar Games, VI, YouTube, Twitter, Deutsche Bank, Bloomberg News Locations: Vice City, Miami

☆ China's battered economy suffers another blow as Moody's slashes its credit outlook
▼ + stars: | 2023-12-05 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Moody's Investors Service slashed its outlook for Chinese government bonds to negative on Tuesday. Beijing has rolled out stimulus packages and ramped up borrowing in a bid to support the embattled Chinese economy in 2023. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMoody's Investors Service slashed its outlook for China's credit rating on Tuesday, dealing a fresh blow to the world's second-largest economy. Moody's cited stagnant growth and a seemingly never-ending property crisis as factors that could hamper Beijing's ability to repay its debts.

Persons: —, Moody's, that's, –, Read, It's Organizations: Moody's, Service, China's Ministry, Finance, Bloomberg, CSI Locations: Beijing, China, Moody's

Search resuls for: "George G"

25 mentions found