DIRS.INFO The most relevant business & tech news

☆ Fetterman Has History of Driving Infractions, Records and Former Aides Say
▼ + stars: | 2024-06-14 | by ( Annie Karni | ) www.nytimes.com time to read: 1 min

Senator John Fetterman, Democrat of Pennsylvania, was at fault in a car accident in Maryland on Sunday and has a record of distracted driving and infractions, according to police records and former aides. A witness to the crash said Mr. Fetterman passed her on Eisenhower Memorial Highway in western Maryland, driving well over the posted speed limit of 70 miles per hour, according to the police report. Mr. Fetterman’s vehicle then rear-ended another, the report said. The senator and his wife, Gisele Barreto Fetterman, as well as the other driver, a 62-year-old woman driving a Chevrolet Impala, were taken to the hospital. Images of what appeared to be Mr. Fetterman’s totaled SUV were obtained by WPXI.

Persons: John Fetterman, Fetterman, Gisele Barreto Fetterman, WPXI Organizations: Chevrolet Impala, Maryland police, USA Locations: Pennsylvania, Maryland

☆ Buying a house? These US cities now among the world’s most ‘impossibly unaffordable’
▼ + stars: | 2024-06-14 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +4 min

Australia is the only other country besides the US to dominate the “impossibly unaffordable” list, led by Sydney and the southern cities of Melbourne in Victoria and Adelaide in South Australia. But it also blames soaring house prices on land use policies, including “urban containment,” a kind of planning designed to stop urban sprawl. “Toronto and Vancouver show that the cost of taming expansion is unacceptably high: inflated house prices, higher rents and, for increasing numbers of people, poverty,” Cox wrote. The report was compiled by researchers from the Center for Demographics and Policy at Chapman University in California and the Frontier Centre for Public Policy, an independent public policy think tank in Canada. Top 10 “impossibly unaffordable” cities

Persons: it’s, William West, Tyrone Siu, Wendell Cox, Valier, ” Cox, ”, St Louis Organizations: CNN, Getty, Hong, Victoria Harbour, Frontier Centre, Public Policy, Canada, Canadian, New, St, Chapman University in Locations: United States, ”, West Coast, Hawaii, California, San Jose , Los Angeles, San Francisco, San Diego, Honolulu, Australia, Sydney, Melbourne, Victoria, Adelaide, South Australia, Maribyrnong, AFP, Hong Kong, Singapore, New Zealand, Toronto, Valier Macon, Vancouver, Pittsburgh, Rochester, Edmonton, Calgary, Canada, Blackpool, Lancashire, Glasgow, United Kingdom, Perth, Brisbane, Chapman University in California

☆ 3 risks to global economic growth
▼ + stars: | 2024-06-13 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

The World Bank on Tuesday raised its 2024 outlook for global economic growth to hold steady at 2.6%, an increase from its previous projection of 2.4% growth. “Four years after the upheavals caused by the pandemic, conflicts, inflation, and monetary tightening, it appears that global economic growth is steadying,” Indermit Gill, the World Bank’s chief economist, said in a release accompanying the report. Prospects for the world’s poorest economies are even more worrisome.”Here are three risks the World Bank sees. The World Bank said that spillover risk from the Russia-Ukraine war and Israel-Hamas war could curb global growth by pushing up oil prices and shipping costs. Trade tensions are already brewing between some of the world’s biggest global economic engines.

Persons: ” Indermit Gill, Jerome Powell, ”, Ayhan Kose, Danielle Wiener, Bronner, Joe Erlinger, aren’t, TikTok, John S, James L, Donald Trump, Joe Biden’s, Biden Organizations: CNN Business, Bell, New York CNN, Bank, World Bank, European Central Bank and Bank of Canada, US Federal Reserve, European Commission, EU, Bureau of Labor Statistics, McDonald’s, Pew Research Center, Knight Foundation, TikTok Locations: New York, Russia, Ukraine, Israel, India, Mexico, United States, France, United Kingdom, China, Beijing

☆ Luxury developer Michael Shvo has big plans. Bitter disputes and a soft real estate market threaten to thwart them.
▼ + stars: | 2024-06-13 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +15 min

Amid the whirlwind of activity, the 51-year old, Israel-born executive has presented himself as a real estate visionary with a personal preference for all-black attire and a taste for luxury brands. BVK recently hired the residential brokerage firm Corcoran Group to complete a market study of the Fifth Avenue project, a person who viewed the report said. Miller noted he did not have direct knowledge of the situation at 685 Fifth Avenue. At 685 Fifth Avenue, he recently marked down prices for some of the units. In contrast, the Shore Club, which is being built by the New York real estate developer Steve Witkoff just a few hundred yards away from the Raleigh has pre-sold briskly.

Persons: —, Michael Shvo, Shvo, Peter Marino, Norman Foster, Renzo Piano, BVK, Corcoran, Jonathan Miller, Miller Samuel, Miller, Pam Liebman, Corcoran's, Truist, Michael Lirtzman, Akuna, Lirtzman, I've, Scott Wadler, Wadler, Jed Jacobsohn, John Goodman, Diane, –, Goodman, profanely, Serdar, Shvo's, Bilgili, Deutsche Finance didn't, Alex Miranda, I'm, Steve Witkoff, Morgan Chase Organizations: Service, Bayerische, Deutsche Finance, Business, GFI, Group, Shvo, Wabash, Akuna, Colliers, Wabash –, Raleigh, Core, New York State, Noë, Associates, West, Bilgili, BVK, Shore Club, New Locations: New York, Manhattan's Plaza, Los Angeles, Miami Beach, Raleigh, Israel, Wilshire, LA, Manhattan, Chicago, Miami, Paris, South Florida, San Francisco, Manhattan's, Turkish, BVK, Wabash, Shvo, Munich

☆ Luxury developer Michael Shvo has big plans. Bitter disputes and a soft real estate market threatens to thwart them.
▼ + stars: | 2024-06-13 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +15 min

☆ Unhappy workers may reduce global GDP by as much as 9%, Gallup estimates
▼ + stars: | 2024-06-13 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

Gallup, in its “State of the Global Workplace,” estimates that low employee engagement costs the global economy $8.9 trillion, or 9% of global GDP. That poll found that roughly 20% of workers globally reported feeling lonely, angry or sad on a daily basis. “[W]hen managers are engaged, employees are more likely to be engaged,” the report said. But the US and Canada also ranked second among employees experiencing daily stress (49%), right behind the Middle East and North Africa (52%). And countries in post-Soviet Eurasia ranked lowest in terms of daily stress (19%).

Persons: isn’t, —, ”, “, Gallup Organizations: New, New York CNN, Employees, Gallup, Global, “, South Asia, Soviet Eurasia Locations: New York, “ State, United States, Canada, Australia, New Zealand, America, Caribbean, East, North Africa, Europe, Soviet

CNN —A United Nations inquiry into the first few months of the war in Gaza has found both Israel and Hamas committed war crimes and grave violations of international law, in the body’s first in-depth investigation into the October 7 attacks and the ensuing conflict. Rockets are launched by Hamas from the Gaza Strip towards Israel on October 7, 2023. Hatem Moussa/APIn the first 2.5 months of the conflict, the commission found, Israel committed war crimes as well as crimes against humanity – the latter defined as a widespread, systemic attack directed at a civilian population. The International Criminal Court announced last month it was seeking arrest warrants for several top Hamas and Israeli leaders, including Israeli Prime Minister Benjamin Netanyahu on charges of war crimes and crimes against humanity. “It is imperative that all those who have committed crimes be held accountable,” said commission chair Navi Pillay.

Persons: Hatem Moussa, Israel, –, Israel’s, maiming, Benjamin Netanyahu, ”, Netanyahu, West Bank –, …, Said Khatib, Mahmud Hams, Nir, Itamar Ben Gvir, Bezalel Smotrich, Benny Gantz, Yoav Gallant, Gilad Erdan, Erdan, Anwar Organizations: CNN, United, The United Nations Commission, Rockets, AP, Criminal, Palestinian, West Bank, Getty, Al, Israel Defense Forces, UN, Gaza, National, Finance, UN Human Rights, Palestinian Authority, Hamas, Human Rights, Israel, UN Security Council, Assembly, United Nations Relief, Works Agency, Anwar Amro, UNRWA, Navi Pillay Locations: United Nations, Gaza, Israel, Gaza City, Rafah, AFP, Aqsa, Israel’s, Palestinian, United States, Lebanese, Beirut, East Jerusalem

☆ U.S. is reportedly weighing further limits on China's access to AI chip tech
▼ + stars: | 2024-06-12 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

The U.S. could further tighten restrictions on China's access to chip technology critical for artificial intelligence, Bloomberg reported on Tuesday. The Biden administration is weighing actions that would target high-tech chip architecture known as gate all-around, Bloomberg reported, citing sources familiar with the matter. GAA refers to new transistor architecture that could lead to better performance and lower power consumption. South Korea's Samsung Electronics has already started production for 3-nanometer chips with GAA technology. Shares of TSMC and Samsung Electronics were up 1.6% and 0.4%, respectively, in Wednesday morning trading in Asia.

Persons: Biden Organizations: Bloomberg, Samsung Electronics, Taiwan Semiconductor Manufacturing Company, U.S . Department of Commerce, Bureau of Industry, Security Locations: Asia, U.S, China

☆ Middle East Crisis U.N. Commission Accuses Both Israel and Palestinian Groups of War Crimes
▼ + stars: | 2024-06-12 | by ( Nick Cumming-Bruce | ) www.nytimes.com time to read: +5 min

A United Nations commission investigating the Oct. 7 attacks on Israel and the subsequent conflict in Gaza has accused both Palestinian armed groups and Israel of committing war crimes, and the panel said that Israel’s conduct of the war included crimes against humanity. The U.N. report said that Palestinian armed groups killed and tortured people during the assaults that day. But Israel, during its monthslong campaign in Gaza to oust Hamas, has also committed war crimes, the commission said, like the use of starvation as a weapon of war through a total siege of Gaza. The commission said it had identified the people most responsible for war crimes or crimes against humanity, including senior members of Hamas and other Palestinian armed groups and senior members of Israel’s political and military leadership, including members of its war cabinet. The commission said it would continue its investigations focusing on those with individual criminal responsibility and command or superior responsibility.

Persons: —, Israel, Sergey Ponomarev, Abed Khaled, repugnantly ”, Chris Sidoti, Miloon Organizations: United Nations, Navi Pillay, United, International Court of Justice, The New York Times, Aqsa Martyrs Hospital, Reuters, West Bank Locations: Israel, Gaza, United Nations, Al, Aqsa, Deir Al, Geneva, Turkey, Egypt

Jake Paul is launching a personal care brand geared toward men. The YouTube influencer-turned-boxer announced on Wednesday the launch of "W," a skin-care company targeted toward men. The personal care line will feature products priced at less than $10 and will be available at Walmart . Young men are increasingly turning to social media and influencers for their sources of information. But Paul thinks the Kardashians and other celebrities have overlooked the opportunity for young men.

Persons: Jake Paul, Paul, deodorant, Paul isn't, Dwayne, Johnson, John Legend, Idris Elba, Gen, Boxer Jake Paul, he's, Logan Paul's, Kardashian, He's, Mike Tyson Organizations: YouTube, Walmart, CNBC, Amazon, Business Research Company, Pharrell, Netflix Locations: TikTok

☆ Global gender gap could take 134 years to close — but 2024 elections offer hope, WEF says
▼ + stars: | 2024-06-11 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

The 2024 bumper election year presents a unique opportunity to make progress in closing the global gender gap, according to the World Economic Forum. It is now estimated to take 134 years — or five generations — to close the global gender gap, up from 131 years in 2023, WEF said. This year's sweeping election cycle could narrow that gap, however, by boosting women's representation in the political sphere, the non-governmental organization said. WEF's Global Gender Gap Report, now in its 18th year, is an annual index designed to measure gender equality. "With over 60 national elections in 2024 and the largest global population in history set to vote, women's political representation and the overall gender gap could be set to improve," the report said.

Persons: WEF, Saadia Zahidi, Claudia Sheinbaum, Halla Tomasdottir Organizations: Economic Locations: Saroi, Bhadohi, India's Uttar Pradesh, Mexico, Iceland

☆ Taiwan's energy crunch could 'throw a wrench' into the global semiconductor industry
▼ + stars: | 2024-06-11 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Any energy disruption will slow down chipmaking and raise global semiconductor prices, Webster said. "Taiwan's electricity crunch could throw a wrench in global semiconductor markets," he said, adding that interruptions could reverberate across the global industry. The global semiconductor manufacturing industry is estimated to double its market size in revenue by 2030, and is poised to consume 237 terawatt hours (TWh) of electricity by then, a Greenpeace report said. Joseph Webster Atlantic Council's Global Energy CenterElectricity consumption from Taiwan's semiconductor manufacturing industry is set to increase 236% between 2021 and 2030, the same report found. "The global electricity industry has been surprised by the pace and scale of electricity demand from artificial intelligence's data centers," said Webster, adding that Taiwan's future electricity consumption is subject to "considerable uncertainty."

Persons: Council's Webster, Webster, Joseph Webster, Chen, Chung Organizations: Taiwan Semiconductor Manufacturing, Apple, Nvidia, Greenpeace, Joseph Webster Atlantic, Global Energy Center Electricity, Hua Institution Locations: Taiwan

☆ This under-the-radar tech stock is a Gen AI 'enabler,' and analysts give it 40% upside
▼ + stars: | 2024-06-11 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Informatica , a U.S.-listed software developer, is well-positioned to benefit from the rise of artificial intelligence, according to analysts at Scotiabank. The California-headquartered firm last month launched its AI model — CLAIRE GPT — which is designed to help businesses use their data for generative AI applications. Generative AI, or GenAI, is the technology behind the hugely popular chatbot ChatGPT and other similar products. According to FactSet, the average price target of 16 analysts points to a 39% upside for the stock. RBC Capital analysts expect the stock to rise by 43% to $41 a share over the next 12 months.

Persons: CLAIRE GPT, Patrick Colville, FactSet, Matthew Hedberg, Salesforce Organizations: Scotiabank, The, RBC Capital, Microsoft, Data Management, RBC, Wall Street Journal Locations: Informatica, U.S, The California, Snowflake

☆ G7 summit: Mafia-style violence is on the rise in the same region of Italy where G7 leaders are meeting
▼ + stars: | 2024-06-11 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +8 min

The town of Fasano and surrounding countryside, near the luxury resort of Borgo Egnazia, the venue of the G7 summit, on June 4, 2024. A view of Borgo Egnazia, in Puglia, where the G7 summit will be held from June 13 to 15, taken on May 26, 2014 in Savelletri, Brindisi, Italy. The security machine that will protect the world’s leaders of the world’s most advanced economies is well established, and headed by DIGOS. Workers at the attendee accreditation point for the G7 summit in Fasano, Italy, on Wednesday June 5, 2024. Donato Fasano/Getty ImagesSpecialized military police working with the anti-mafia law enforcement unit are keeping a close watch on known criminal groups.

Persons: Rome, Giorgia Meloni, Francesca Volpi, That’s, Vittorio Pisani, DIGOS, Luigi Carnevale, ”, Borgo, Donato Fasano, Victoria Beckham, Madonna, Ivanka Trump, Aldo Melpignano, Pope Francis, Recep Tayyip Erdogan, Saudi Arabia’s King Salman bin Abdulaziz Al, Saud, Pisani, ” Pisani Organizations: Rome CNN —, Sacra Corona, Cosa Nostra, Camorra, DIGOS, Brindisi –, Bloomberg, CNN, Interior Ministry, Michelin, Workers, Getty, Saudi, US, ” Locations: Italian, Puglia, Foggia, Cosa, Sicily, Naples, Calabria, Italy, Balkans, Bari, Brindisi, Fasano, Borgo Egnazia, Savelletri, David, Turkish, United States, Germany, Britain, France, Canada, Japan, Schengen, Borgo Egnazi

☆ Spotify to introduce more expensive subscription tier later this year, Bloomberg News reports
▼ + stars: | 2024-06-11 | by ( ) www.cnbc.com time to read: +1 min

In this photo illustration, the Spotify music app is seen on a phone on June 04, 2024 in New York City. Spotify made an announcement that it will be raising the price of its Spotify Premium Individual plan by $1, from $10.99 to $11.99 per month and the Premium Family plan by $3, from $16.99 to $19.99 per month. Spotify will introduce a new expensive plan for its most ardent users later this year, Bloomberg News reported on Tuesday, citing a person familiar with the plan. In 2021, Spotify announced the HiFi audio feature to let premium subscribers in select markets upgrade their sound quality, but according to the report its rollout was delayed. Spotify's premium subscribers rose by 14% to 239 million in the first quarter ended March 31 from a year earlier.

Organizations: Spotify, Bloomberg Locations: New York City, Swedish, United States

☆ Girls freed from Boko Haram in Nigeria can face further detention and abuse by military, Amnesty finds
▼ + stars: | 2024-06-10 | by ( Stephanie Busari | ) edition.cnn.com time to read: +9 min

Survivors recounted giving birth to children fathered by Boko Haram fighters, often when they were still minors themselves. They described being humiliated by soldiers who called them “wives of Boko Haram” and accused them of being behind killings carried out by the terror group. One of them, named NV in the report, said she fled Boko Haram in 2021 when she was around 20. She had been forcibly married to a Boko Haram fighter while in captivity but remarried while living in the IDP for an extended period. Many survivors of Boko Haram told Amnesty that they witnessed Boko Haram killing their relatives.

Persons: Boko Haram, Boko, ”, Samira Daoud, …, Haram, Babagana Zulum, ’, lashings, Haram … Organizations: CNN — Girls, Amnesty, Criminal, West, GN, Nigerian, NA, Nigerian Army, ” CNN, UN, Global Centre, GH Locations: Nigeria, Haram, Northeast Nigeria, Boko Haram, Central Africa, Madagali, Adamawa State, Maiduguri, Nigerian, Borno State, Borno, “, Chibok

☆ Israel's special forces hostage rescue was aided by US intelligence, report says
▼ + stars: | 2024-06-09 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Israel's June 8 hostage rescue was aided by US intelligence, The New York Times reported. US specialists provided key intelligence and logistic support to Israel's military. The operation that freed four hostages caused over 200 Palestinian casualties, Gaza officials said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIsrael's rescue operation that freed four hostages on June 8 was supported by intelligence from US sources, The New York Times reports.

Persons: — Organizations: New York Times, Service, Business Locations: Gaza, Israel

☆ Adults are flocking to the toy aisle even more than preschoolers
▼ + stars: | 2024-06-07 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +3 min

Looking back over a longer period, the report said as many as 43% of adults purchased a toy for themselves in the past year, with the top reasons being for personal fun, socialization and for collecting. Trading cards, Squishmallows (which are a rage across age groups), Lego sets and sports toys were among the most sought-after toy products in the period, the report said. As adults play with toys more and more, the trend bodes well to counter the decline in overall toy sales. Circana said toy industry dollar sales declined by 1% through April, versus the same period a year ago but are still up 38% compared to 2019. “Tailwinds, like the growing adult toy market and spending power of higher income households and grandparents, drive positive trends,” Juli Lennett, vice president and toy industry advisor at Circana, said in the report.

Persons: Circana, “, Juli Lennett, Barbie, Aaron Lavinsky, ”, James Zahn, ” Zahn Organizations: New, New York CNN —, Consumers, Star Tribune, Getty, CNN, Marvel, Hasbro, Star Locations: New York, ‘

☆ Hong Kong will reportedly stop halting stock markets during typhoons and severe weather
▼ + stars: | 2024-06-07 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

8 storm signal raised for Super Typhoon Saola in Hong Kong, China, on Sept. 1, 2023. Hong Kong will no longer shut down its stock market during severe weather conditions, according to a Bloomberg report citing people familiar with the matter. The Hong Kong exchange typically halts trading when a typhoon signal or a so-called "black rainstorm warning" is issued. The previous CEO of Hong Kong Exchanges and Clearing, Nicolas Aguzin, told CNBC in 2022 that the bourse was reviewing that protocol. The Hong Kong exchange is expected to announce the proposed framework in the next few weeks, according to the people who spoke to Bloomberg.

Persons: Nicolas Aguzin Organizations: Super, Bloomberg, Hong, Hong Kong Exchanges, CNBC, bourse Locations: Hong Kong, China

☆ Sam Altman's high school English teacher hoped he wouldn't go into technology
▼ + stars: | 2024-06-06 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Sam Altman's high school teacher described him as a renaissance teen, a Bloomberg report said. But the teacher, Andy Abbott, hoped Altman would avoid a tech career. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Altman was "so creative," his high school English teacher, Andy Abbott, told Bloomberg in a piece published Thursday. Describing him as "truly exceptional," Abbot said he'd hoped Altman would end up as an author or "something like that."

Persons: Sam Altman's, Andy Abbott, Altman, —, Sam Altman, they'd, Abbot, he'd Organizations: Bloomberg, Service, Business

☆ JPMorgan upgrades this beaten-down payments stock, says it can surge 50%
▼ + stars: | 2024-06-06 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

An overseas investment idea investors shouldn't overlook is StoneCo., a Brazilian financial technology and software solutions company headquartered in the Cayman Islands that JPMorgan has grown bullish on. He maintained his $20 year-end price target, which implies roughly 50% upside from the stock's latest close. "We believe [a] Stone re-rating depends mostly on banking deliveries (i.e., deposits and healthy credit growth) rather than [the] macro environment." Stone's differentiated business model, based on a close approach to clients via hyper-local distribution centers, has allowed it to quickly expand its market share, Fernandes said. He estimates Stone has about 20% market share in the core micro, small and medium-sized businesses (MSMB) market .

Persons: Yuri Fernandes, Stone, Fernandes, Pedro Zinner, Stone's Organizations: JPMorgan, Stone, Reuters Locations: Brazilian, Cayman Islands, U.S

☆ World likely to blast beyond grim warming milestone in the next five years, UN weather agency says
▼ + stars: | 2024-06-05 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

That's a stark change from 2015, when the WMO considered the prospect of temporarily overshooting 1.5 degrees Celsius close to zero. The 1.5 degrees Celsius limit is the aspirational target of the landmark Paris Agreement, an international treaty on climate change that was adopted in 2015. Scientists say that exceeding this temperature threshold over the long term will lead to increasingly frequent and catastrophic extreme weather events. António Guterres United Nations Secretary-GeneralEven at current levels of global warming, there are already devastating climate change impacts. Guterres said that the battle to limit long-term temperatures to 1.5 degrees Celsius will be won or lost in the 2020s under the watch of today's world leaders.

Persons: Javier Torres, António Guterres, Guterres, Antonio Guterres, Charly Triballeau, Angelos Tzortzinis Organizations: Afp, Getty, United Nations, World Meteorological Organization, WMO, UN, American Museum of Locations: Quilpue comune, Valparaiso region, Chile, Paris, Russian, New York, Italy, Athens

☆ SoftBank shares jump up to 6.3% on report that Elliott Management's pushing for $15 billion in buybacks
▼ + stars: | 2024-06-05 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

SoftBank Group Corp. is scheduled to announce its earnings figures on May 13. Elliott is lobbying for $15 billion worth of share buybacks, arguing that the buybacks will boost SoftBank's share price and "act as a sign of Son's confidence in his strategy," the Financial Times reported. SoftBank shares hit a high of 9,572 yen on Wednesday, 6.32% higher than its Tuesday closing price, according to LSEG data. Elliott had invested $2.5 billion in SoftBank in 2020 and sought share buybacks worth $20 billion along with governance changes, Financial Times reported that year. SoftBank Group declined to comment.

Persons: Toru Hanai, Elliott, SoftBank, Elliott's, Masayoshi Son Organizations: SoftBank Corp, SoftBank Group Corp, Bloomberg, Getty, SoftBank, Elliott Management, Financial Times, U.S Locations: Tokyo, Japan, SoftBank

☆ People are exiting the stock market in droves
▼ + stars: | 2024-06-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

The US stock market is shrinking, and investors are pulling their money out at a near-record pace as storm clouds gather over the US economy. A shrinking market: The stock market isn’t the economy (for the most part). Fear is currently driving the US market, according to CNN’s Fear and Greed Index. “We really need to consider: Is this the outcome we want?”CEOs are making almost 200 times what workers areCEOs raked in fat pay packages last year as the US stock market boomed, reports my colleague Matt Egan. Economists were expecting job openings to register 8.36 million, according to FactSet estimates.

Persons: ”, Morgan Stanley, Lisa Shatlett, We’ve, Torsten Slok, Jamie Dimon, Dimon, “, Matt Egan, Bosses, Alicia Wallace Organizations: CNN Business, Bell, New York CNN, titans, Bank of America, Morgan Stanley Wealth Management, Federal, Dow, Apollo Global Management, Privately, JPMorgan, Associated Press, Workers, Bureau of Labor Statistics ’, Labor, Federal Reserve Locations: New York, Nantucket, That’s

☆ Trump lender Axos plunges 15% after short-seller report flags real-estate loan risk
▼ + stars: | 2024-06-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Axos Financial fell as much as 15% on Tuesday after Hindenburg Research announced a short position. The short bet stems from Axos' large exposure to commercial real estate. In a note, the research firm outlined that it's taken a short position in the lender, citing Axos' rising exposure to commercial real estate. AdvertisementTo compare with Axos, the noted cited that the average direct commercial real estate exposure among regional banks is 16.5% on loan books. CEO Greg Garrabrants also previously told Bloomberg that commercial real estate fears are overdone, and the risk is already reflected by Axos' stock price.

Persons: Axos, Hindenburg, —, Hindenburg's, Greg Garrabrants, Donald Trump Organizations: Axos, Hindenburg Research, Service, Securities and Exchange, Bloomberg, Trump Locations: California, Florida

Search resuls for: "Port Said"

25 mentions found