DIRS.INFO The most relevant business & tech news

☆ Wall Street says a recession is coming. One investment pro names her favorite stocks to tough it out
▼ + stars: | 2022-12-09 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Tengler, who's been a proponent of dividend growth strategies for more than three decades, named four stocks she owns. Her firm uses what's known as a relative dividend yield strategy to judge the value of a stock. A high relative dividend yield is a buy signal if the dividend level is expected to be sustained and increased over time. Goldman also fits into one of Tengler's top investment themes: old economy stocks that are embracing digital transformation. Two asset managers face off Another old economy stock that Tengler likes is California-based self-storage firm Public Storage .

☆ Stocks making the biggest moves premarket: Lululemon, Costco, Broadcom and others
▼ + stars: | 2022-12-09 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Broadcom (AVGO) – Broadcom shares rallied 3.6% in premarket action after the chip maker reported better-than-expected quarterly results and an upbeat outlook. Netflix (NFLX) – Netflix gained 3% in the premarket following two positive analyst reports. DocuSign (DOCU) – DocuSign posted an 11.3% premarket jump following upbeat quarterly results for the electronic signature technology company. The move cuts Walgreens' stake to about 17% from 20% and will give Walgreens funds to pay down debt and fund strategic priorities. RH (RH) – The company formerly known as Restoration Hardware beat top and bottom line estimates in its latest quarterly report.

☆ Crypto meltdown a boon for bankruptcy lawyers
▼ + stars: | 2022-12-02 | by ( Andrew Goudsward | ) www.reuters.com time to read: +5 min

“You’ve got to pay the gravedigger,” said Adam Levitin, a law professor at Georgetown University who specializes in bankruptcy law. Law firm billing rates are normally not public, but in bankruptcy cases lawyers for the debtor company must detail their billings and request a judge's approval for their fees. The lawyers are paid from the assets of a bankruptcy estate, and experts said judges rarely demand significant reductions in professional fees. Lawyers in the crypto cases must deal with a host of issues new to bankruptcy law, including whether digital assets deposited on a platform are owned by the customer or the platform itself, according to bankruptcy law experts. Levitin, a former member of the restructuring department at law firm Weil, Gotshal, & Manges, said such complex questions call for top-shelf lawyers.

☆ Western US residents warned against traveling as a winter storm is expected to bring feet of snow
▼ + stars: | 2022-12-01 | by ( Allison Chinchar | ) edition.cnn.com time to read: +4 min

The snow and rain should begin to taper off Friday for most areas before the next storm system arrives late Saturday into early Sunday. While nearly 3 feet of snow could fall in California, 1 to 2 feet of widespread snow is expected across the Rockies in places like Montana, Utah and the mountains in Colorado. This would be a significant and fairly rare snow for Seattle, a city that averages as much snow a year (3.8 inches) as Little Rock, Arkansas. Salt Lake City will also see a few inches in the city proper up where 2 to 5 inches is forecast. Back-to-back winter storms will bring periods of very difficult to impossible travel over Sierra passes through Sunday.

☆ Lisbon and Mexico City are on travelers’ wish lists for 2023: These are the top 10 trending vacation destinations
▼ + stars: | 2022-11-27 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

According to American Express Travel, 70% of respondents say they want to travel to wish-list destinations in 2023, and 50% are already planning summer vacations for next year. In November, American Express Travel published its 2023 Trending Destinations list . It was compiled using the number of global American Express Card Member travel reservations made between 2019 to 2022. The Florida Keys, known for its beautiful beaches, comprises five areas: Key West, the Lower Keys, Marathon, Islamorada, and Key Largo. The most famous of these is Key West.

☆ I'm a travel nurse. You can make $6,000 a week and live in cool places — but some jobs are too good to be true.
▼ + stars: | 2022-11-17 | by ( Jenn Morson | ) www.businessinsider.com time to read: +6 min

Ali Brown is a travel nurse currently based in Billings, Montana. Brown became a travel nurse in 2014, and loves the pay and travel. You need to show that you're really paying a mortgage that is fair market value, not just taking the money for other uses. My experience as a travel nurse has taught me so many different layers of perspective that I can use in my career moving forward. Are you a travel nurse with a story about the job?

☆ Australia win Adelaide ODI, Malan ton for England in vain
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +1 min

Nov 17 (Reuters) - Australia's top order fired in unison to secure a six-wicket win over England with Dawid Malan's career-best 134 for the tourists in vain as in the first one-day international on Thursday. David Willey's unbeaten 34 was the next highest score by an England batter as the tourists went on to post a decent 287-9 at the Adelaide Oval. A 147-run opening stand between David Warner (86) and Travis Head (69) effectively laid the platform for Australia's comprehensive victory. The teams move to Sydney for the second ODI on Saturday to be followed by the third and final match in Melbourne on Tuesday. Reporting by Amlan Chakraborty in New Delhi; editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves midday: Starbucks, Twilio, Carvana, DoorDash and more
▼ + stars: | 2022-11-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves midday:Starbucks — The Seattle-based coffee company jumped nearly 9% after reporting quarterly profit and revenue that topped expectations. Block — Shares jumped 10% after the mobile payments company surpassed profit and sales expectations in its third-quarter results. Block reported earnings of 42 cents per share on revenue of $4.52 billion. Coinbase — The stock jumped 3% after the company reported better-than-expected user numbers, even as Coinbase reported a miss on profit and sales expectations. The company reported earnings that topped expectations on Thursday.

☆ Here are Friday's biggest analyst calls: Roblox, WeWork, Krispy Kreme, Boeing, Coinbase & more
▼ + stars: | 2022-11-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Roblox as buy Bank of America said it's standing by shares of the stock heading into earnings next week. JPMorgan downgrades Funko to neutral from overweight JPMorgan downgraded the pop culture toy company, noting it sees too much uncertainty. " Piper Sandler downgrades Atlassian to neutral from overweight Piper said it sees a slowdown in subscription billings for the software developer. " Bank of America reiterates Krispy Kreme as buy Bank of America said "brand health is strong but FX, UK, promos weigh," heading into Krispy Kreme earnings Nov. 15. Jefferies reiterates Topgolf Callaway Brands as buy Jefferies said it sees 200% upside in shares of the golf company. "

☆ What Cramer is watching Thursday — No Fed reset, Qualcomm rough guide, iPhone waits
▼ + stars: | 2022-11-03 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Short-term inventory "reset," meaning there's a chip glut that must be dealt with before the price-to-earnings multiple can be determined. Wall Street was looking for fiscal first-quarter (current quarter) revenue of $12 billion, but company guide was $9.2 billion to $10 billion. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Stocks making the biggest moves after hours: Roku, Qualcomm, Etsy and more
▼ + stars: | 2022-11-02 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Qualcomm – Shares of Qualcomm lost 6% after the company reported earnings after the bell that included a guidance for its fiscal first quarter that fell below expectations, due to weak demand in China and elevated inventories. The technology firm reported adjusted earnings per share of $3.13, in-line with Wall Street expectations, according to Refinitiv. The company reported third-quarter results that beat analysts' forecasts, with a per-share loss of 88 cents compared to a $1.28 loss, according to Refinitiv. Etsy — Etsy jumped more than 10% after the company reported quarterly earnings that beat the Street. Revenue was $483 million where Wall Street expected $456 million.

Shares of the California-based toymaker fell about 4% in extended trade, after it also missed quarterly sales estimates for the first time since March 2020. Earlier this month, Hasbro Inc (HAS.O) tempered its full-year revenue outlook and warned that demand was starting to slip ahead of the festive season. Mattel, meanwhile, expects demand to accelerate during the crucial holiday shopping season, but said it would conduct more promotions to remain competitive. Kreiz said in an earnings call Mattel has not seen any "meaningful impact" on consumer demand for its toys from the price increases it has undertaken. Reporting by Uday Sampath and Ananya Mariam Rajesh in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Shares of the California-based toymaker fell about 4% in extended trade, after it also missed quarterly sales estimates for the first time since March 2020. Earlier this month, Hasbro Inc (HAS.O) tempered its full-year revenue outlook and warned that demand was starting to slip ahead of the festive season. Mattel, meanwhile, expects demand to accelerate during the crucial holiday shopping season, but said it would conduct more promotions to remain competitive. However, excluding items, the company earned 82 cents per share, beating estimates of 74 cents. Reporting by Uday Sampath and Ananya Mariam Rajesh in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ Wyoming hunter shoots self while trying to fight off attacking grizzly bear
▼ + stars: | 2022-10-25 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +2 min

A Wyoming hunter was recovering Monday after he shot himself while trying to fight off an attacking grizzly bear over the weekend, authorities said. Francis’ son used a handheld satellite emergency notification device to call for help, sheriff’s Sgt. The Wyoming Game and Fish Department is investigating the bear attack and searching for the bear. It was the second reported bear attack in Wyoming this month. Wildlife officials have said that there has been "an abundance of bear activity" in the area of the Shoshone National Forest attack, also in western Wyoming.

☆ Toymaker Mattel cuts annual profit forecast as inflation drags demand
▼ + stars: | 2022-10-25 | by ( ) www.cnbc.com time to read: +1 min

The Mattel sign is pictured at the Nuremberg International Toy Fair, Jan. 29, 2014, in Nuremberg, Germany. Mattel Inc cut its annual profit forecast on Tuesday and said it would ramp up promotions heading into the busy holiday season, as price hikes discourage inflation-hit Americans from spending on its Barbie dolls and action figures. Mattel, meanwhile, expects demand to accelerate during the crucial holiday shopping season, but said it would conduct more promotions to remain competitive. Mattel reduced its 2022 adjusted profit forecast to between $1.32 and $1.42 per share from $1.42 to $1.48 earlier, but its raised prices helped the toymaker post adjusted gross margin of 48.3% in the third quarter, compared with last year's 47.8%. The Fisher-Price toys maker reiterated its forecast for full-year sales.

☆ Microsoft's drop on a weaker guide doesn't reflect the long-term potential of the stock
▼ + stars: | 2022-10-25 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Despite strong headline results, shares fell roughly 6.5% in extended trading on lighter Azure cloud growth and weaker forward guidance. Note: Constant currency growth rates, which is what we will cite in this report, help strip out fluctuations in foreign currency, namely a strong U.S. dollar, to provide a clearer financial picture. Xbox Content and Services revenue ticked up 1% in constant currency, while Xbox hardware sales jumped 19% in constant currency. Management expects Azure revenue growth to be lower sequentially by roughly five percentage points on a constant currency basis. Despite coming up a bit short versus estimates, Microsoft is still generating a ton of cash.

☆ Exxon selling Montana oil refinery to Par Pacific in $310 million deal
▼ + stars: | 2022-10-20 | by ( Erwin Seba | ) www.reuters.com time to read: +3 min

HOUSTON, Oct 20 (Reuters) - Exxon Mobil Corp (XOM.N) on Thursday agreed to sell its Billings, Montana, refinery and related pipeline properties to Par Pacific Holdings Inc (PARR.N) for $310 million. "This acquisition expands our fully integrated downstream network in the western United States," said Par Pacific Chief Executive Officer William Pate. Since 2013, Houston-based Par Pacific has purchased refineries in Hawaii, Wyoming and Tacoma, Washington. Par Pacific shares jumped 8.7% to $21.62 on Thursday, their highest level in two and a half years. Under the deal, Par Pacific will continue supplying fuel to Exxon and Mobil-branded stations in the region.

☆ Exxon selling Montana oil refinery to Par Pacific for $310 million
▼ + stars: | 2022-10-20 | by ( Erwin Seba | ) www.reuters.com time to read: +2 min

HOUSTON, Oct 20 (Reuters) - Exxon Mobil Corp (XOM.N) on Thursday agreed to sell its Billings, Montana, refinery and related pipeline properties to Par Pacific Holdings Inc (PARR.N) for $310 million. Register now for FREE unlimited access to Reuters.com RegisterThe deal for the 63,000-barrel-per-day refinery is expected to close in the second quarter of 2023, Exxon said in a statement. Included in the sale are the Silvertip Pipeline, Exxon's interest in the Yellowstone Pipeline and Yellowstone Energy LP and its interests in products terminals in Montana and Washington. Under the deal, Par Pacific will continue supplying fuel to Exxon and Mobil-branded stations in the region. Register now for FREE unlimited access to Reuters.com RegisterReporting by Erwin Seba; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

Due to the cold air mass plunging south before expanding east, southern cities actually woke up colder than northern cities. New York City's Central Park dipped to 42 degrees, the coldest temperature since April 29, and Charlotte's 30-degree reading set its fifth earliest freeze on record. For many locations, the early season snow was also record-setting. While not record-setting, add Chicago to the list of places that recorded the first measurable snow of the season this week. This cold snap will be short-lived, with temperatures expected to rebound beginning Friday and lasting into next week.

☆ Supreme Court declines to consider overturning racist 'Insular Cases'
▼ + stars: | 2022-10-17 | by ( Lawrence Hurley | Lawrence Hurley Covers The Supreme Court For Nbc News Digital. | ) www.nbcnews.com time to read: +5 min

They say that the Justice Department, in defending the law, and an appeals court, in upholding it, relied upon the so-called “Insular Cases,” a series of long-criticized early 20th century Supreme Court rulings. The Supreme Court’s decision not to hear the case means the lower court ruling remains in place. “The subordinate, inferior non-citizen National status relegates American Samoans to second-class participation in the Republic," the challengers’ lawyers say in court papers. American Samoa is the only territory to which Congress has not extended birthright citizenship. Of the current nine justices, two of them — liberal Justice Sonia Sotomayor and conservative Justice Neil Gorsuch — have expressed concern about the Insular Cases remaining on the books.

☆ Investors are fleeing growth names. But one market veteran loves them – and reveals his top picks
▼ + stars: | 2022-10-12 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

The market has turned decidedly bearish — as can be seen in a lack of activity among long-only hedge funds, said Wall Street veteran Farzin Azarm. Instead, he's seeing a lot of short selling in the market, particularly in the growth sector. Three stocks he loves Azarm could well be one of the few bulls in an otherwise bearish market right now. Unsurprisingly, he's a fan of growth names. If there's going to be a risk to the upside, it's going to be those names," he said.

☆ Uber's chief incrementalist: Sundeep Jain is a divisive leader who shuns flying cars in favor of a steady march toward 'super app' status.
▼ + stars: | 2022-10-12 | by ( Tom Dotan | ) www.businessinsider.com time to read: +12 min

Instead, Jain has overseen the introduction of add-on features to Uber's app, such as rental car bookings and party buses leasing. "Spending a half billion a year on flying cars doesn't make sense for the type of business we are," said one current Uber executive. "I don't think innovative people want to work for a non-innovative product leader," said one former Uber executive. "Under Sundeep's leadership the product team has shipped more products, to more users, than ever before," a spokesperson told Insider. That's two billion dollars," a current Uber product executive said.

☆ Biden made a major dent in the student debt crisis — and it's time he does the same for the growing medical debt load in the US, attorneys and advocates say
▼ + stars: | 2022-09-25 | by ( Jason Lalljee | Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

America's medical debt problem has parallels to the student debt crisis, experts told Insider. But experts on medical debt say that student loans are just one piece of a household debt crisis, which debilitates millions of Americans. Haynes also noted that younger adults are more likely to hold student debt, medical debt, or both. Lawsuits for medical debt are more common than those for student debt, but both transpire. Haynes pointed out that much of medical debt is paid using credit cards, which means it doesn't register as medical debt — it's anonymized as credit card debt.

☆ Food prices are soaring, and that's changed how we eat
▼ + stars: | 2022-09-24 | by ( Danielle Wiener-Bronner | Cnn Business | ) edition.cnn.com time to read: +9 min

Food prices have spiked 11.4% over the past year , the largest annual increase since May 1979, according to data released in mid-September by the Bureau of Labor Statistics. Grocery prices jumped 13.5% and restaurant menu prices increased 8% in that period. With food prices soaring, people are changing how they shop and eat. Even for those not at risk of hunger, the surges in food prices are jarring. "I saw the food prices going up, and I realized that it was going to quickly overwhelm our budget," she said.

☆ Wildfire Smoke Is Erasing Progress on Clean Air
▼ + stars: | 2022-09-22 | by ( Mira Rojanasakul | ) www.nytimes.com time to read: +8 min

Smoke from wildfires has worsened over the past decade, potentially reversing decades of improvements in Western air quality made under the Clean Air Act, according to research published Thursday from Stanford University. The new analysis reveals a picture of daily exposure to wildfire smoke in better geographic detail than ever before. Where Wildfire Smoke Pollution Increased Over the Past Decade 0 0.25 0.5 1 2 4+ micrograms of PM2.5 Seattle Spokane WASH. Portland MAINE Missoula MONT. FLA. Micrograms of PM2.5 0 0.25 0.5 1 2 4+ Note: Map shows increase in average wildfire smoke from 2006-2010 to 2016-2020. The research isolated wildfire smoke from background pollution from other sources, which has actually decreased in recent decades.

Search resuls for: "BILLINGS"

25 mentions found