DIRS.INFO The most relevant business & tech news

☆ Morning Bid: ECB to follow Fed hike, Meta surges
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +5 min

Fed Chair Jerome Powell remained equivocal about whether there was one more policy rate rise left this year and said Fed staff were no longer forecasting a recession - but futures markets continue to see a less than 50% chance of another move. Global stocks (.MIWD00000PUS) hit their highest since April last year on Thursday, with European stocks up more than 1% ahead of the ECB decision. The euro pushed higher against a softer dollar ahead of the announcement and press conference from ECB chief Christine Lagarde. The yen also firmed as the Bank of Japan is expected to keep its easy policy unchanged on Friday. The euro zone's biggest bank BNP Paribas (BNPP.PA), by contrast, beat Q2 estimates and the stock jumped 4%.

Persons: Mike Dolan, Meta, Jerome Powell, Dow Jones, Christine Lagarde, Willis Towers Watson, Giorgia Meloni, Joe Biden, Toby Chopra Organizations: Federal Reserve, European Central Bank, Fed, Treasury, Boeing, Dow, Wall, ECB, Bank of, Shell, Barclays, BNP, Central Bank, Intel, Ford, Boston Scientific, Myers Squibb, Honeywell, Xcel, Eastman Chemical, Pentair, Mastercard, P Global, Hershey, Digital Realty, Northrop Grumman, Weyerhaeuser, Cincinatti, Verisign, Comcast, Southwest Airlines, HCA, . Federal Reserve Board, Washington Reuters Graphics Reuters, Reuters, Exxon, Chevron, Thomson Locations: U.S, Bank of Japan, Asia, Hong Kong, China, Abbvie, Bristol, Edison, Kansas, Basel III, Washington

☆ How you could be impacted by higher bank capital requirements
▼ + stars: | 2023-07-27 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

Their risk-level assessments have been the basis for informing how much capital they need to hold on top of baseline requirements. Silicon Valley Bank accumulated a lot of paper losses, or unrealized losses, from holding bonds while the Fed hiked interest rates. But it did not need to hold capital to protect depositors from those losses. Some also expressed concerns that banks would pass on their higher capital costs to consumers in the form of higher fees to maintain their profit levels. However, UBS, Citizens Bank and Capital One will have to hold more capital.

Persons: wouldn’t, ”, Banks, aren’t, Steven Kelly, won’t, SVB, Jonathan McKernan, Michelle Bowman, Kelly, ” Kelly, JPMorgan Chase, Morgan Stanley Organizations: New, New York CNN, Federal Reserve, Federal Deposit Insurance Corporation, Huntington Bank, Silicon Valley Bank, Signature Bank, Valley Bank, FDIC, ”, Manufacturers, JPMorgan, JPMorgan Chase, Bank of America, UBS, Citizens Bank, Capital, Nasdaq Locations: New York, Basel, Banc, California, Silicon

NEW YORK, July 27 (Reuters) - Bank of America CEO Brian Moynihan said U.S. authorities need to be careful when implementing new capital requirements of the Basel III accord to avoid reducing the ability of U.S. banks to compete globally. ... We're talking about a $30 or $40 billion bank, or a $100 billion bank, not being able to compete for a middle market loan because a bank or a supplier in Europe ... is getting a lower cost of capital", Moynihan added. U.S. banking regulators are expected to unveil on Thursday a sweeping proposal for stricter bank capital requirements. While the precise details aren't yet known, regulators have said the rules will apply to banks with $100 billion in assets or more. Bank of America expects a "slight" recession in the first part of next year and predicts the first interest rate cut will happen by mid-2024.

Persons: Brian Moynihan, Moynihan, JPMorgan, Jonathan Stempel, Tatiana Bautzer, David Goodman, Chizu Organizations: YORK, Bank of America, Basel III, Fox Business, Pacwest Bancorp, JPMorgan Chase, Thomson Locations: Basel, U.S, Europe, Banc, California

[1/3] FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File PhotoNEW YORK, July 25 (Reuters) - U.S. banking giants may take up to four years to set aside profits to meet new capital rules, according to a report by Morgan Stanley. U.S. banking regulators will on Thursday unveil a sweeping proposal for stricter bank capital requirements known as the "Basel III endgame" aimed at ensuring the stability of big banks under international rules rolled out after the 2008 financial crisis. Holding more RWA will require banks to set aside more capital under the new standards. Most of the need to raise capital would come from assessments of the bank's operational risks and their trading books.

Persons: Morgan Stanley, Lucas Jackson, Betsy Graseck, Goldman Sachs, JPMorgan Chase, Morgan, Michael Barr, Tatiana Bautzer, Pete Schroeder, Lananh Nguyen, Chris Reese Organizations: New York U.S, REUTERS, Citigroup, JPMorgan, Bank of America, Federal, Federal Reserve, Federal Deposit Insurance Corporation, Thomson Locations: New York, Basel, Washington

Say hello to the new Galaxy Tab S9 family, comprising three siblings that get bigger the more you're willing to spend on them—take your pick between the Galaxy Tab S9 (11 inches), S9 Plus (12.4 inches), and S9 Ultra (14.5 inches). Note: The link above allows you to select the exact model, storage, and wireless configuration you want across all three Galaxy Tab S9 models. For a limited time, Samsung offers free storage upgrades on all Galaxy Tab S9 purchases. Samsung Galaxy Tab S9 preorder dealsOne of the most significant benefits of preordering a Galaxy Tab S9 is the free storage upgrade, regardless of which version you buy. If you're interested in the 1TB Galaxy Tab S9 Ultra, you can get $150 off instantly at checkout.

Persons: doorsteps, you'll, You'll, DeX Organizations: Galaxy, Samsung, Galaxy Watch, eBay, AKG, 120Hz, Qualcomm Locations: stow

☆ Delivery drivers are shaming customers for their tips. DoorDash says it's looking into the latest TikTok video calling out the trend.
▼ + stars: | 2023-07-24 | by ( Alex Bitter | Nancy Luna | ) www.businessinsider.com time to read: +3 min

Some delivery drivers are shaming customers who leave tips that they think are too small. DoorDash said it's looking into a TikTok video that appears to show a delivery driver complaining about a $5 tip. It shows a screenshot of an apparent text message from a DoorDash delivery driver. DoorDash told Insider that it was looking into the video. Some DoorDash drivers have told Insider that they are highly dependent on tips for their earnings.

Persons: DoorDash, Ethan Melillo, Melillo Organizations: Service Locations: Wall, Silicon

☆ How much should you tip on food delivery? Drivers say it should be based on distance and time, not just the total bill.
▼ + stars: | 2023-07-23 | by ( Will Gendron | Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

Delivery drivers are weighing in on a contentious debate over what constitutes a good tip. Some drivers say a good tip is roughly 15% to 20% gratuity on the total cost of a delivery order. The drivers Insider interviewed generally agreed that the baseline for a good tip is between 15% to 20% of the total bill — including taxes and fees. Percentage-based tips don't always account for the time and effort it takes to deliver an order, drivers said. Consider delivery time and distance when tipping, drivers sayWhether a $5 tip on a $20 order is good (or bad) can depend on the circumstances of the delivery.

Persons: DoorDash, Uber, Vong, Heaven Leigh, Leigh, Dashers, Patrick Schoonover Organizations: Service, nab Locations: Wall, Silicon, New York City, Manhattan, Phoenix, Arizona

☆ Premarket stocks: Bank CEOs are already complaining about new regulations they haven't even seen yet
▼ + stars: | 2023-07-19 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Investors, worried about the economic atmosphere and the recent regional banking collapse, breathed a sigh of relief at the results. Jamie Dimon, head of JPMorgan Chase, commented on the bank’s Friday earnings call that non-bank financial rivals were “dancing in the streets” as regulators get ready to increase bank capital requirements. “This is great news for hedge funds, private equity, private credit, Apollo, Blackstone,” Dimon said of the proposed regulations. The change, they say, will increase the financial system’s resilience following the failures of three regional banks earlier this year. “The capital in the industry is sufficient,” said Bank of America CEO Brian Moynihan on his company’s earnings call Tuesday morning.

Persons: Jamie Dimon, JPMorgan Chase, ” Dimon, ”, Jeremy Barnum, Barnum, don’t, Brian Moynihan, “ They’ve, Morgan Stanley, James Gorman, Elizabeth Warren, Richard Blumenthal, Tammy Duckworth, Martin Gruenberg, “, Taylor Marr, That’s, they’re, Bryan Mena, Neil Saunders Organizations: CNN Business, Bell, New York CNN, Silicon Valley Bank, JPMorgan, Blackstone, of America, CNBC, Valley Bank, Signature Bank, Federal Deposit Insurance, Redfin, Retail, Commerce Department Locations: New York, Silicon, Basel, Massachusetts, Elizabeth Warren , Connecticut

☆ US banks' residential mortgages face mandates exceeding global standards - Bloomberg News
▼ + stars: | 2023-07-18 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters. REUTERS/Jason Reed/File Photo(Reuters) - U.S. bank regulators are set to release their plans next week for a sweeping overhaul of capital rules, with the latest draft including requirements for large lenders’ residential mortgages that go beyond international standards, Bloomberg News reported on Monday. The changes would be part of the U.S. version of a global accord known as Basel III that followed the financial crisis, according to the report. The OCC and the FDIC did not immediately respond to Reuters’ requests for comment. The proposal is the first major rule led by Fed Vice Chair for Supervision Michael Barr, who has launched a sweeping review of capital rules and is expected to be tough on Wall Street.

Persons: Jason Reed, Michael Barr Organizations: Federal Deposit Insurance Corp, REUTERS, Bloomberg, Basel III, Federal Reserve, Currency, OCC, FDIC, Reuters, U.S . Federal, Banking, Silicon Valley Bank, Fed Locations: U.S, Basel, Silicon

Potential buyers and sellers are also being deterred by the long wait for deal approvals by regulators, the experts said. The uncertainty over capital rules has created a "chilling effect" that could put a lid on mergers, while rising interest rates and a looming economic downturn could also damp activity, Adams said. That compares to $3.9 billion in bank deals for non-stressed institutions, the lowest seen over the first half of a year since 2010. "Instead of evaluating mergers based on competition and the needs of the community, political factors have become too important," she said. Regional banks will "have incentives to merge and reach larger scale since they will be subject to more regulatory scrutiny and capital,” Johnson said.

Persons: ”, Timothy Adams, Adams, Michael Barr, “, Meg Tahyar, Davis Polk, Janet Yellen, Tim Johnson, ” Johnson, Tatiana Bautzer, Saeed Azhar, Nupur Anand, Pete Schroeder, Lananh Nguyen, Deepa Babington Organizations: YORK, Institute of International Finance, Global, Federal, Treasury, Dominion Bank, First, KPMG, Thomson Locations: U.S, Canada's Toronto

☆ Carlos Alcaraz beats Novak Djokovic in 5 sets to win Wimbledon for his second major trophy
▼ + stars: | 2023-07-16 | by ( ) www.cnbc.com time to read: +11 min

The age gap between the two was the widest in any men's Slam final since 1974. Still, this is all relatively new to him: Djokovic's record 35th Grand Slam final was Alcaraz's second. Yet it was Alcaraz who won a 32-pointCarlos Alcaraz said he wanted another shot at Novak Djokovic. The age gap between the two was the widest in any men's Slam final since 1974. He's used these sorts of intermissions to gather himself and shift momentum and, sure enough, he pushed this terrific match to a fifth set.

Persons: Spain's Carlos Alcaraz, Serbia's Novak Djokovic, Glyn KIRK, GLYN KIRK, Carlos Alcaraz, Novak Djokovic, Said, Alcaraz, Djokovic, He's, pointCarlos Alcaraz, Novak, Fergus Murphy, —, That's, Rafael Nadal, Roger Federer, enders, I've, Spain's King Felipe VI Organizations: England Tennis Club, Getty, Wimbledon, All England Club, Court, Australian, Spaniard Locations: Wimbledon, London, AFP, Serbia, Spain

☆ All hail Alcaraz as he ends Djokovic's long Wimbledon reign in thriller
▼ + stars: | 2023-07-16 | by ( Pritha Sarkar | ) www.reuters.com time to read: +6 min

It's great to win ... making history in this beautiful tournament," Alcaraz said as he cradled the trophy during the presentation ceremony. [1/7]Spain's Carlos Alcaraz celebrates with the trophy after winning his final match against Serbia's Novak Djokovic. At 3-3, Djokovic was left rolling on the turf after he stumbled over while chasing down one such effort. The chants of "Carlos, Carlos, Carlos" rose to a crescendo when, at 3-1 up in the third set, Alcaraz stretched Djokovic to 13 deuces before finally breaking on his seventh break point in a mental and physical battle that dragged on for 26 minutes. "You played maybe once or twice before this year's Wimbledon on grass and it's amazing just what you did."

Persons: Djokovic, Carlos Alcaraz, Novak Djokovic's, Boris Becker, Alcaraz, Novak, James Bond, Daniel Craig, Margaret Court's, Serbia's Novak Djokovic, Toby Melville, Alcaraz volleyed, Fergus Murphy, Carlos, I'd, Pritha Sarkar, Toby Davis, Ken Ferris Organizations: Wimbledon, England, Court, REUTERS, Serbian, U.S, Thomson Locations: Serbian, hurtling

☆ What layoffs? JPMorgan Chase is growing headcount in every division despite a dealmaking drought and possible economic slowdown.
▼ + stars: | 2023-07-14 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +5 min

Wall Street has suffered severe layoffs amid a dealmaking drought and shaky economic outlook. Headcount is up in every division, not including thousands of First Republic employees onboarded in July. Jobs have grown in every division despite the non-stop news about industry layoffs (think Goldman) and consolidation (think Credit Suisse). It has also cut about 40 high-paying investment banking jobs, and about 1,000 jobs from its home lending unit. The bank also beat Wall Street's expectations and has again become a challenger to Goldman Sachs' spot as No.

Persons: JPMorgan Chase, Jobs, Goldman, It's, headcount, Goldman Sachs, Morgan Stanley, May, JPM, Jamie Dimon, JPMorgan's, Jeremy Barnum Organizations: JPMorgan, First Republic, onboarded, Suisse, JPMorgan Headcount, Bank Division, Consumer, Community Bank, Investment Bank, Bank, Wealth Management, First, Republic, Wall, Credit Suisse, UBS, Reuters, Global, Basel III Locations: Louis , Missouri, First Republic, San Francisco, China, Ukraine, Basel

☆ Dimon says private equity giants are 'dancing in the streets' over tougher bank rules
▼ + stars: | 2023-07-14 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Sept. 22, 2022. "This is great news for hedge funds, private equity, private credit, Apollo , Blackstone ," Dimon said, naming two of the largest private equity players. Banks face requirements to hold more capital as a cushion against risky activities from both U.S. and international regulators. Authorities are proposing higher capital requirements for banks with at least $100 billion in assets after the sudden collapse of Silicon Valley Bank in March. But that also coincides with a long-awaited set of international rules spurred by the 2008 financial crisis referred to as the Basel III endgame.

Persons: Jamie Dimon, JPMorgan Chase, Wells, Mike Mayo, Michael Barr, Blackstone, Dimon, Apollo didn't, Banks Organizations: JPMorgan, Banking, Housing, Urban Affairs Committee, Nations Largest Banks, Federal, Silicon Valley Bank Locations: Wells Fargo, Silicon, Basel

☆ Alcaraz mauls Medvedev and sets his sights on Djokovic in dream final
▼ + stars: | 2023-07-14 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

The Serbian has not lost on Centre Court for 10 years, but Alcaraz said he is ready for the challenge. I dreamed of this since I started to play tennis, to play in a final here. Alcaraz lost to Medvedev in the second round on his Wimbledon debut in 2021, when he was then ranked 75th. Medvedev surrendered serve tamely at 3-4 to allow Alcaraz to bag the first set. Asked if Alcaraz can win, Medvedev said: "I think, yes.

Persons: Carlos Alcaraz, Daniil Medvedev, Novak Djokovic, Medvedev, Alcaraz, Manuel Santana, Rafa Nadal, Djokovic, Margaret Court's, It's, Carlos, Martyn Herman, Ken Ferris Organizations: Wimbledon, Serbian, Court, U.S, Medvedev, Djokovic, Thomson Locations: tamely, Russian

Federal banking regulators are expected to introduce proposals in the coming weeks requiring banks to keep more cash on hand to ensure the financial system remains stable. The nation's largest lender may increase prices or abandon some products as a way to offset the higher capital costs, Barnum said. One key new expected rule would require banks to hold more capital against certain trades. Meanwhile, banks are staying cautious and preserving capital until there is more clarity around the rules. Wells Fargo was expecting capital requirements to climb and weighing the potential effect on stock buybacks, CEO Charlie Scharf told investors on its call.

Persons: Michael Barr, Jeremy Barnum, Barnum, Jane Fraser, Wells Fargo, Charlie Scharf, Blackstone, Jamie Dimon, Pete Schroeder, Nupur Anand, Saeed Azhar, Tatiana Bautzer, Lananh Nguyen, Megan Davies, Susan Heavey Organizations: WASHINGTON, Federal, JPMorgan Chase's, JPMorgan, U.S, Treasury, Industry, Blackstone, Apollo, JPMorgan Chase, Thomson Locations: Washington, New York

☆ Exclusive: Russia sets plans for oil export cuts in August - sources
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +3 min

Moscow this month pledged to cut exports by 500,000 bpd in August, while Saudi Arabia extended its 1 million bpd output cuts. Russia exports oil and products via the Pacific and a direct pipeline to China as well as its European ports. Three sources familiar with the matter told Reuters that Russia had instructed oil companies to reduce supply plans for the next month. Russian offline primary oil refining capacity is seen rising by 40% in August from July, making additional oil export cuts next month even tougher for many. If Russia wants to cut oil exports in August from July, companies may postpone some planned works to autumn months to increase domestic oil consumption, or cut oil production, traders said.

Persons: Alexander Novak, Novak, Igor Sechin, Rosneft, Jan Harvey Organizations: Pacific, Reuters, OPEC, Thomson Locations: Russia, Ukraine, MOSCOW, Moscow, Saudi Arabia, OPEC, Ust, Luga, Baltic, China

☆ Alcaraz douses Rune fireworks to reach Wimbledon semis for first time
▼ + stars: | 2023-07-12 | by ( Pritha Sarkar | ) www.reuters.com time to read: +2 min

LONDON, July 12 (Reuters) - It was billed as the battle of the 20-year-olds but Carlos Alcaraz pulled rank on his childhood buddy Holger Rune as he doused the Dane's fireworks to reach the Wimbledon semi-finals for the first time with a 7-6(3) 6-4 6-4 victory on Wednesday. The two tyros who were born six days apart were contesting a men's Wimbledon quarter-final that for the first time in the professional era featured two players aged under 21. After Alcaraz missed out on converting his first three match points, including producing a double fault on one of them, he sealed a semi-final showdown with Russian third seed Daniil Medvedev when Rune slapped a service return long. After sharing a warm embrace at the net, the Spaniard leaned back and let out a might roar into the skies - showing just how much this win meant to him. Reporting by Pritha Sarkar, editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Alcaraz, Holger Rune, Alcaraz, Rune, Queen Camilla, Rune's, Daniil Medvedev, Pritha Sarkar, Ken Ferris Organizations: Wimbledon, England, triumphing, U.S, Thomson Locations: Danish, Russian

☆ How 'Birkin Bandit' George Mickum Infiltrated NYC Society
▼ + stars: | 2023-07-12 | by ( Kate Taylor | Anna Silman | ) www.businessinsider.com time to read: +52 min

"He would know people's weaknesses and what they wanted and somehow always have something to offer," a former close friend said. Another close friend said Mickum once gave her a $1,000 loan "within minutes" when she needed it because of a credit-card crisis. He never "let the truth get in the way of a good story," a former close friend said. Hermès bags, like the Birkin and the Kelly, have always been symbols of unattainable luxury. There wasn't even a dust bag; Mickum claimed his mom's assistant would drop it off later.

Persons: George Mickum strode, Carlyle, Patty Hearst, He'd, Mickum, Birkin, swilling, Patty's, Gillian Hearst, Mr, George Mickum, Gillian Hearst's, George, Sally Painter, who'd, Peter Davis, Jackie O, Barbara Walters, Alessia Fendi, influencer Hannah Stella, Nick Hissom, Steve Wynn, Hearst, they'd, Prince Charles, Anna Delvey, Patty Hearst's, Rumor, he'd, wasn't, Met Breuer, Peter Poopat, George Santos, Trinity, Elisabeth Thieriot, Thieriot, Hermes, —, Painter, Paul Mickum, George Mickum III, Sally, Painter's, Poopat, PJ Pascual, Patrick McMullan, Ramona Singer, Lauren Lawrence, Lawrence, Van Cleef, Nicole Salmasi, Trudy, Mike Vitelli, Eric Schmidt, Schmidt, Eric, R, Couri Hay, They're, Astor, William Randolph Hearst, Orson Welles, Kane, Gillian's, Bill Clinton, Patty, Bernard Shaw, Gillian, Lydia —, Shaw, Maxim, Lydia, Kane we're, Christian Simonds, Pierre, Krista Corl, Dee Dee, Scott Buccheit, Naeem Delbridge, Pascual, who's, We're, buttering, Simonds, Matthew Kehoe, England, — Hearst, Delbridge, Hearst's, Mario Glen Coco, Hearsts, Astrid Stawiarz, Tiger Woods, Ernie Els, Justin Timberlake, Joe Lewis, Buccheit, Mary McCarthy, Lillian Hellman, Mickum's, Christie Grimm, Steve, Kameron Ramirez, Hissom, Ramirez, Nick, Hunt, Damien Hirst, Douglas Elliman, Harry Winston, David Fiszel, invitees, Fiszel, Darian, Winston, Martha Stewart's, Mendel minks, Vacheron Constantin, Tao, Melinda French Gates, Shawn Mendes, Bill, Hillary Clinton, Neiman Marcus, Damien Hirst's, Damien, weren't, Kelly, Alexis Clarbour, Clarbour, Paul Wharton, you've, Wharton, Sean Zanni, Michael Coste, Hannah Stella, Coste's, Stella, Scott Fitzgerald, Coste, Goodman, Courroies Birkin, didn't, Aman, Cartier, Mickum's bluster, skeptically, satchel, Clarbour's, He's, We've, Sider, Philippe, Buccheit texted Pascual, he's, Hay, Café Carlyle, Alexander Hankin, Burisma, Hunter Biden, Mickum hasn't, There's, They've, Amy X, Wang, King Charles, Tracey Amon, Amon, GEORGE MICKUM Organizations: Hearst, Blue, Potomac, Hamptons, East, Met, University of Delaware, Southampton Bathing Corporation, Fields School, Georgetown Law, DC, Town &, New York Daily News, The New York Times, Google, Carnegie, Rockefeller, Cosmopolitan, Symbionese Liberation Army, Hearst Corporation, Vogue, Society of Memorial Sloan Kettering, Stockbridge Golf, New, Tiger, Tottenham, Douglas, Martha Stewart's Hamptons, Mickum, Projects, Madison, Getty, Antibes, Nike, Rue du Faubourg Saint, Couture, US, UN, New Yorkers, Avenue Couture, Hermès, Republican, Justice Department, Blue Star, Town, New York Times Magazine Locations: Bemelmans, Clinton, York, Palm, New, London, Manhattan, Dalton, Bay, Windsor Castle, Haute, Washington , DC, New York, Baccarat, The, San Francisco, Wilton , Connecticut, Side, Wyntoon, California, Buccheit, woodsy Stockbridge , Massachusetts, Stockbridge, Bahamas, Albany, Nobu, Martha, Peking, Paris, Istanbul, St, Georgetown, China, Italy, Hermès, Amalfi Coast, du, Midtown, brunch, Rue, Central Park, Mickum, Turkey, La, Café, Ukrainian, Ukraine

☆ Here are Wednesday's biggest analyst calls: Nvidia, Tesla, DraftKings, Amazon, Netflix, TJX and more
▼ + stars: | 2023-07-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

TD Cowen reiterates Nvidia as outperform TD Cowen said it's standing by its outperform rating on the stock. Bank of America upgrades DraftKings to buy from neutral Bank of America upgraded the fantasy sports company due to a margin inflection. Citi reiterates Tesla as neutral Citi said it's "neutral to slightly negative" on Tesla heading into earnings next week. Bank of America upgrades Stellantis to buy from neutral Bank of America said in its upgrade of the European automaker that it sees valuation upside. Bank of America downgrades Cisco to neutral from buy Bank of America said in its downgrade of Cisco that consensus estimates are too high.

Persons: TD Cowen, Cowen, it's, Oppenheimer, Baird, Locker, underperformed Ford, JPM, YTD, Holley, Tesla, Raymond James, SunPower, it's bullish, Morgan Stanley, Lazard, Davidson downgrades Redfin, Davidson Organizations: Nvidia, NVIDIA, Nasdaq, AMD, Companies, Citi, General Motors Citi, Watch, GM, JPMorgan, Bank of America, of America, UBS, Netflix, Tech, Cisco, AstraZeneca Locations: China, California

☆ Vondrousova battles through roller-coaster clash with Pegula to reach semis
▼ + stars: | 2023-07-11 | by ( Christian Radnedge | ) www.reuters.com time to read: +2 min

However, it was 24-year-old Vondrousova who secured the crucial break at 4-4 when a baseline rally ended with Pegula sending a backhand long. The twists and turns kept coming, though, as Pegula began finding her range in the second set. In the decider, momentum looked to be staying with the 29-year-old Pegula as she saved three break points in the first three games and then broke Vondrousova by forcing her long. I just wanted to stay as long as I could and fought until the end and I'm just so happy. For Pegula, it was another quarter-final heartbreak, having never gone beyond the last eight at a Grand Slam.

Persons: Marketa Vondrousova, Jessica Pegula, Hannah Mckay LONDON, Ukraine's Elina Svitolina, Pegula, Vondrousova, Vondrousva, Zheng Jie, Barbora, Christian Radnedge, Ken Ferris Organizations: Lawn Tennis, Croquet Club, U.S, REUTERS, Wimbledon, Thomson Locations: London, Britain, Czech, Poland

☆ Top seed Swiatek toppled by Svitolina in Wimbledon quarter-finals
▼ + stars: | 2023-07-11 | by ( Pritha Sarkar | ) www.reuters.com time to read: +3 min

LONDON, July 11 (Reuters) - Even the world's best players are not immune to crippling nerves as Iga Swiatek discovered when her Wimbledon dreams were turned to dust in a 7-5 6-7(5) 6-2 quarter-final defeat by Ukrainian wildcard Elina Svitolina on Tuesday. That sequence included breaking Swiatek's serve twice in succession, with the Polish top seed surrendering the first of those to love with a double fault. That interlude gave Swiatek a chance to re-evaluate her tactics and she came back to break Svitolina for a 2-1 lead in the second set. Swiatek earned two more break points in the ninth game but once those went begging neither player could break the deadlock and they headed into the tiebreak. There was no coming back for Swiatek from that gaping abyss and a forehand into the net handed Svitolina a remarkable win.

Persons: Swiatek, Elina Svitolina, Svitolina, Belinda Bencic, Pritha Sarkar, Ken Ferris Organizations: Wimbledon, Court, Thomson Locations: Polish

☆ The economy feels worse than it actually is because people were spoiled by the snap-back recovery after the pandemic crash
▼ + stars: | 2023-07-11 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +6 min

Americans feel bad about the economy, even though data shows a booming labor market. The recovery from the pandemic recession reset everyone's expectations about what a good economy looks like. Americans are feeling bad about the economy, and some of that is likely due to inflation eating at their budgets. Consumer confidence is still low, and, as JPMorgan Asset Management chief global strategist David Kelly writes, Americans feel an "unreasonable level of gloom." In short, the things that used to make Americans feel good or bad about the economy aren't as consequential anymore.

Persons: Aaron Terrazas, Labor Julie Su, that's, David Kelly, Kelly, Terrazas, —, would've Organizations: Service, Bureau of Labor Statistics, Labor, Pew Research Center, JPMorgan Asset Management, Fed Locations: Wall, Silicon, America

☆ Dimitrov dispatches Tiafoe with ease to advance at Wimbledon
▼ + stars: | 2023-07-09 | by ( ) www.reuters.com time to read: +3 min

So I was just looking after my game," Dimitrov said. The first things Tiafoe highlighted when asked to give his thoughts on Dimitrov prior to the match were the Bulgarian's first serve, his net game and his slice. When they resumed on Sunday, Dimitrov consolidated an early break and a restless Tiafoe lost his cool in no time. When asked about his next match-up against an even younger Rune, who is 12 years his junior, Dimitrov simply shrugged his shoulders. I'm really focusing on my side of the net and looking after my game," he said with a laugh.

Persons: Grigor Dimitrov, Frances Tiafoe, Holger Rune, Tiafoe, Dimitrov, I'm, Rune, Rohith Nair, Clare Fallon Organizations: Wimbledon, Danish, All England Club, Queen's, Thomson Locations: American, Stuttgart, England, Bulgarian, Bengaluru

☆ Djokovic leads despite Hurkacz ace barrage
▼ + stars: | 2023-07-09 | by ( Martyn Herman | ) www.reuters.com time to read: +2 min

Hurkacz rocketed down 23 aces including one clocked at 141mph -- the fastest serve of the tournament so far. Djokovic will sleep a lot easier than he might have done if the 17th seed Hurkacz had taken the opening set after two aces saw him to 6-3 in the tiebreak. Djokovic won both his points on serve to close the gap and then returned a Hurkacz howitzer and the Pole could only roll a forehand into the net. This time Hurkacz's spinning volley crept over and Djokovic almost fell over the net as he missed the put-away. Another tiebreak arrived and Hurkacz won a stunning baseline rally to save a set point but two points later he sent a forehand out to hand Djokovic a two-set lead.

Persons: Serbia's Novak Djokovic, Poland's Hubert Hurkacz REUTERS, Dylan Martinez, Novak Djokovic, Hubert Hurkacz, Hurkacz, Djokovic, deuce, Andrey Rublev, Martyn Herman, Christian Radnedge Organizations: Lawn Tennis, Croquet Club, Dylan Martinez LONDON, Wimbledon, Djokovic, Thomson Locations: London, Britain, Russian

Search resuls for: "The Basel"

25 mentions found