DIRS.INFO The most relevant business & tech news

☆ CFPB expands oversight of digital payments services including Apple Pay, Cash App, PayPal and Zelle
▼ + stars: | 2024-11-21 | by ( Hugh Son | ) www.nbcnews.com time to read: +3 min

The Consumer Financial Protection Bureau on Thursday issued a finalized version of a rule saying it will soon supervise nonbank firms that offer financial services likes payments and wallet apps. That would include payments services from Apple, Google and Amazon, as well as fintech firms including PayPal and Block and peer-to-peer services Venmo and Zelle. While the CFPB already had some authority over digital payment companies because of its oversight of electronic fund transfers, the new rule allows it to treat tech companies more like banks. “Digital payments have gone from novelty to necessity and our oversight must reflect this reality,” said CFPB Director Rohit Chopra. The CFPB said the rule will take effect 30 days after its publication in the Federal Register.

Persons: ”, Rohit Chopra, CFPB, Trump Organizations: Consumer Financial, Tech, Apple, Google, PayPal, “, Federal

☆ The Western tourists going to Iraq for vacation
▼ + stars: | 2024-11-21 | by ( Richard Collett | ) edition.cnn.com time to read: +18 min

“It was peaceful, calm, and rather quiet,” Driskill told CNN Travel after visiting Iraq in 2024. “Every year we’re seeing more people come to Iraq than before,” he told CNN Travel. Newenham first visited in August 2021 and told CNN Travel that she never imagined Iraq becoming one of her favorite travel destinations. Anmar Khalil/AP“Visiting the [ninth-century] Great Mosque of Samarra is a must,” he told CNN Travel. For Sarah Sanbar, Iraq researcher at Human Rights Watch, tourism to the country is allowing visitors to see the real Iraq.

Persons: Tommy Driskill, ’, ” Driskill, Saddam Hussein’s, Iraq’s, Driskill, ”, “ I’m, I’ve, “ We’ve, ” Robert Kyle Molina, Molina, Ali Al Makhzomy, ” Al Makhzomy, Janet Newenham, Newenham, “, ” Newenham, they’ve, Pope Francis, Al Makhzomy, Ur, Sergio Arce, Bil, Anmar Khalil, Imam Hussain, Abbas, Hussain ibn Ali, Prophet Mohammed, Arce, I’d, Jan Bakker, James Wilcox, we’ve, Travel’s Molina, Sarah Sanbar, Iraq —, ” Sergio Arce, Sanbar, ‘, ’ Heck Organizations: CNN, CNN Travel, Tourism Capital, US Department of State, United, Foreign, Commonwealth, Development, Human Rights Watch, ISIS, Bil, US State Department, US, Federal Government, Baghdad International Airport, European, Kurdistan Regional Government Tourism Board, International, Federal, “, Vatican Media, Reuters, Borders, Erbil Marathon, Sergio Arce Military Locations: Hawaii, Baghdad, Iraq, Iraqi Kurdistan, Babylon, Kurdistan, Iraqi, Karbala, European Union, Kurdistan Chronicle, Federal Iraq, Mosul, “, Janet Newenham Iraq, Cork, Ireland, Baghdad . “ Iraq, Islam, ” Iraq, East, Palestine, Eden, Samarra, Al, Arba’een, Sweden, Iran, Kuwait, Pakistan, India, Erbil, Berlin’s, Today, birdwatch

An American citizen has died at a popular adventure spot in Laos where alcohol tainted with methanol has been blamed for a spate of poisonings in recent days. The State Department said the U.S. citizen died in Vang Vieng, a town popular with backpackers to the north of the South East Asian country’s capital. Citing confidentiality, it would not comment when asked whether they died of methanol poisoning. One of South East Asia’s poorest countries, authorities in Laos have long cautioned foreign travelers about tainted drinks at nightclubs and bars. Duong Duc Toan, the manager of Nana Backpack hostel displays a bottle of vodka at his bar in Vang Vieng, Laos, on Tuesday.

Persons: ”, Anthony Albanese, Bianca Jones, Holly Bowles, “, ” Albanese, Bowles, Jones, Vang Vieng, Nana Backpacker, Duong Duc Toan, Nana, Anupam Nath, Penny Wong Organizations: State Department, South East, NBC, Australian, Associated Press, NBC News, AP Locations: American, Laos, Vang Vieng, “, Thailand, Vang, Thailand’s Bangkok, ”, East, Australia, New Zealand

Americans will see the new Trump administration enact changes at a pace that is “like nothing you’ve seen in history,” a Trump campaign official said. Trump’s transition team is also fielding requests from overseas to host his first foreign trip. Coming off a decisive victory on Nov. 5, Trump has moved swiftly to build out the Cabinet and a senior White House team that will execute his plans. “The thing to realize is Trump is no dummy,” said Stephen Moore, a senior economic adviser in Trump’s campaign. Noem campaigned for Trump, though a person close to Trump was surprised he tapped her for the job.

Persons: Donald Trump, Trump, Joe Biden’s, Biden, Karoline Leavitt, “, Volodymyr Zelenskyy, Ron Klain, Donald Trump Jr, Mike Pompeo, “ Don, that’s, ” Trump, ”, Stephen Moore, he’s, ” Moore, Will Trump, We’re, Newt Gingrich, Gingrich, ” Gingrich, Ronald Reagan’s, Chad Wolf, Harris, Kristi Noem, hasn’t, Noem, ’ ” Trump, Grover Cleveland Organizations: WASHINGTON, ., NBC, Trump, Trump’s, White House, Policy Institute, CIA, Security, NBC News, Migration Policy Institute, DHS, Biden, Department of Homeland Security, Cricket, ”, Cleveland Locations: Jan, West Palm Beach , Florida, Ukraine, Russia, Washington, America, South Dakota, U.S, China

☆ Wall Street overlooks modest Nvidia guidance, lift price targets ahead of strong Blackwell ramp
▼ + stars: | 2024-11-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Investors shouldn't let a smaller-than-expected guidance beat overshadow tailwinds from Nvidia's looming Blackwell graphics processing unit rollout come January. Citi's Atif Malik lifted the firm's price target to $175 and opened a positive catalyst ahead of the consumer electronics show in January. Wells Fargo's Aaron Rakers moved to a $185 price target, reflecting 27% upside from Wednesday's close. Meanwhile, JPMorgan's Harlan Sur lifted his price target to $170 a share, saying that margins should improve toward the mid-70s range in the second half of 2025 as Nvidia streamlines costs. What's next for the stock Despite strong Blackwell expectations, some analysts warn of potential near-term volatility.

Persons: Wall, Blackwell, NVDA, Jefferies, Blayne Curtis, Citi's Atif Malik, Wells, Aaron Rakers, Bernstein's Stacy Rasgon, JPMorgan's Harlan Sur, What's, America's Vivek Arya, Tom O'Malley, Baruah, Cantor, C.J, Muse, Morgan Stanley, Joseph Moore Organizations: tailwinds, Blackwell, Nvidia, America's, Barclays Locations: Nvidia's

☆ Here's what analysts are saying about Nvidia earnings
▼ + stars: | 2024-11-21 | by ( Meghan Morris | Chris Johnston | ) www.businessinsider.com time to read: +4 min

CEO Jensen Huang said more Blackwell chips will be delivered this quarter than previously estimated. Nvidia delivered another strong set of quarterly results on Wednesday, sparking positive initial reactions among the company's analysts. Nvidia observers were keeping a close eye on any mention of Blackwell chips, the popular next-generation chips in high demand. Nvidia will deliver more Blackwell chips this quarter than previously estimated, Huang said, and demand exceeds supply as expected. AdvertisementHSBC analysts wrote in a note that they expect "significant" earnings upside for the 2026 financial year despite gross margin pressure.

Persons: Jensen Huang, Blackwell, Trump, aren't, Robert Lea, Huang, Dan Ives, AI Jensen, Konstantin Oldenburger, Stephen Yiu Organizations: Nvidia, Bloomberg Intelligence, Wedbush Global Tech Team, CMC Markets, Deutsche Bank, HSBC, Bloomberg Locations: Asia

☆ Britain’s 'mini-budget' disaster should serve as a warning to the U.S., bond strategists say
▼ + stars: | 2024-11-21 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Bloomberg | Bloomberg | Getty ImagesFears are mounting that the U.S. could soon experience its own version of Britain's "mini-budget" crisis, with bond strategists warning that Donald Trump's return to the White House brings with it the specter of currency volatility and surging bond yields. The former president's economic agenda has ratcheted up concerns about a surge in consumer prices, which strategists say could spark significant shifts in bond yields and investor behavior. They warn a scenario that mirrors Britain's mini-budget crisis of 2022 is not out of the question. watch nowBritain's mini-budget crisis refers to a tumultuous period under former Prime Minister Liz Truss and ex-Finance Minister Kwasi Kwarteng. Bond yields tend to rise when market participants expect higher consumer prices or a growing budget deficit.

Persons: Donald Trump, Donald Trump's, Trump, Remtulla, Liz Truss, Kwasi Kwarteng, Kwarteng, Althea Spinozzi, Trump's, Spinozzi, Angela Weiss, Paul Ashworth, Ashworth, Thierry Wizman, likelier, Wizman Organizations: Economic, of New, Bloomberg, Getty, EFG, CNBC, U.S ., Finance, U.S, Bank of England, Saxo Bank, White, Treasury, Traders, New York Stock Exchange, AFP, Capital Economics, Macquarie Group Locations: of New York, New York, U.S, Foreign, Treasurys, Treasuries, New York City, America

☆ Delhi's 15 times higher than safe toxic smog levels is disrupting lives, says consulting CEO
▼ + stars: | 2024-11-21 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +3 min

AdvertisementNew Delhi reported severe levels of air pollution this week. Titus Koshy, CEO of United Consultancy Services Group, told BI his employees struggle to commute. Air pollution in India's capital, New Delhi, has become so severe that some people are struggling to commute to work. Titus Koshy, CEO of United Consultancy Services Group which has more than 150 employees, told Business Insider that the toxic smog engulfing the city had made it difficult for his staff to come into the office. AdvertisementA 2019 study by the World Bank estimated the global cost of health damages associated with exposure to air pollution to be $8.1 trillion.

Persons: Smog, Titus Koshy, Koshy, JP Morgan, Shubham Gupta Organizations: United Consultancy Services, BBC, World Health Organization, WHO, United, United States Environmental Protection Agency, Delhi's, KPMG, Cisco, Mondelēz, World Bank Locations: Delhi, New Delhi, United States, KPMG India, NCR

☆ Goldman's hedge fund stock list is up 30% this year. Here's what's in it
▼ + stars: | 2024-11-21 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Goldman Sachs' list of top-performing longs in hedge funds has seen outsized gains in 2024, a sign that moves made by these firms have paid off this year. The bank's so-called very important positions, or "VIP," list has climbed about 30% year to date. Goldman strategist Ben Snider noted that hedge funds shifted somewhat to cyclical industrials from defensives in the third quarter, allowing them to benefit from the postelection rally. Goldman has a running list of its very important stock picks within hedge fund long holdings. However, most analysts surveyed by LSEG rate the stock a buy or strong buy, consensus price targets suggests shares may drop more than 23%.

Persons: Goldman Sachs, Goldman, Ben Snider, Snider, Mike Tyson, Jake Paul, AppLovin, Piper Sandler, James Callahan, Eli Lilly, Donald Trump, Robert F, Kennedy, Jr Organizations: China ADR, Netflix, Department of Health, Human Services, LSEG Locations: defensives, China

☆ CFPB expands oversight of digital payments services including Apple Pay, Cash App and PayPal
▼ + stars: | 2024-11-21 | by ( Hugh Son | ) www.cnbc.com time to read: +3 min

The Consumer Financial Protection Bureau on Thursday issued a finalized version of a rule saying it will soon supervise nonbank firms that offer financial services likes payments and wallet apps. That would include popular services from Apple and Google , as well as payment firms like PayPal and Block . "Digital payments have gone from novelty to necessity and our oversight must reflect this reality," said CFPB Director Rohit Chopra. A year ago, the CFPB said it wanted to extend its oversight to tech and fintech companies that offer financial services but that have sidestepped more scrutiny by partnering with banks. The CFPB said the rule will take effect 30 days after its publication in the Federal Register.

Persons: Rohit Chopra, CFPB Organizations: Banking, Housing, Urban Affairs Committee, Consumer Financial, Tech, Apple, Google, PayPal, Federal Register

☆ Nvidia's earnings are still exceptionally strong, says Bank of America's Vivek Arya
▼ + stars: | 2024-11-21 | 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 EmailNvidia's earnings are still exceptionally strong, says Bank of America's Vivek AryaVivek Arya, Bank of America Securities senior semiconductors analyst, joins 'Squawk Box' to discuss Arya's thoughts on Nvidia's earnings results, where the disappointment is in the stock, and the analyst's thoughts on the company's Blackwell chip.

Persons: America's Vivek Arya Vivek Arya, Blackwell Organizations: America's, Bank of America Securities

☆ I'm a former model and now run a fintech company. The fashion industry taught me everything I needed to know to be CEO.
▼ + stars: | 2024-11-21 | by ( Kristina Puga | ) www.businessinsider.com time to read: +5 min

Now that she's a CEO, she relies on her experience as a model when building a brand and pitching. My cofounder and I received a lot of pushback when we started Frich. It helps that I really understand our audience because I lived this: I was anxious about money as a teen model. You make your best money when you're really young, and no one teaches you what to do with that money at that age. When we first started Frich, we realized that money needs to be exciting and cool.

Persons: Katrin Kaurov, —, Zers, it's, you've, Everyone's, I'm Organizations: Forbes, YouTube Locations: New York

☆ How export finance is taking businesses from local to global
▼ + stars: | 2024-11-21 | by ( Sponsored Uk Export Finance | ) www.businessinsider.com time to read: +6 min

UK Export Finance's support helps UK businesses tap into global market opportunities. Small businesses like Premier Ship Models can get guarantees to help them access working capital and free guidance on the export finance options available. UK Export Finance (UKEF), the UK government's export credit agency, supports UK businesses to win contracts to export abroad by providing attractive financing terms for buyers, and fulfill those contracts with the help of working capital and trade finance. Since 2020, UKEF has steadily increased its support for small businesses, with more than half of the businesses it assists being small businesses. UKEF can support small businesses through its network of regional Export Finance Managers based around the UK who can provide free and impartial consultations to businesses on their export finance needs.

Persons: UKEF, Tim Reid, Rashid Lalloo, Lalloo, Craig Green, Mike Swift, Reid, — Organizations: Export, UK Export Finance, Models, Export Finance, Premier Ship Models, General Export Facility, Insider Studios Locations: New York, UKEF, Mauritius, Oman, Hong Kong, London

The stock market has always pulled back when valuations are stretched as they are now, according to Deutsche Bank macro strategist Henry Allen in a note to clients this week. "[T]urning points can happen quickly, and … when valuations are stretched to start with, there can be limited scope for further gains," Allen noted. "[E]xamples of high returns through history have often been followed by sizeable reversals." The bank cited lofty current readings in the Cyclically Adjusted Price-to-Earnings (CAPE) ratio developed by economist Robert Shiller, arguing that "the CAPE ratio for the S&P 500 has only been higher on two other occasions in the last century" than it is today. "Indeed, on both the occasions the CAPE ratio has got as high as it is today, there was then a significant correction."

Persons: Henry Allen, Allen, Robert Shiller, — Scott Schnipper Organizations: Deutsche Bank

☆ HSBC names 3 'underappreciated' Asian stocks to watch in 2025 — giving one 63% upside potential
▼ + stars: | 2024-11-21 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Meituan HSBC is bullish on Meituan and has a target price of 220 Hong Kong dollars ($28.30) on the stock, giving it 25.8% upside potential. "Despite the macro challenges, Meituan's growth profile remains resilient," said Charlene Liu, HSBC Global Research's head of internet and gaming research for Asia-Pacific. Calling it a "best-in-class small-cap" idea, HSBC Global Research's India health-care analyst Damayanti Kerai believes it is "well positioned to sustain healthy growth." Kia's shares have been on an uptrend, gaining around 8% in the last five days. HSBC has a target price of 160,000 Korean Won ($114.80) on the stock, implying nearly 63.1% upside potential.

Persons: Charlene Liu, Liu, Damayanti Kerai, Kerai, Will Cho, Cho, — CNBC's Michael Bloom Organizations: HSBC, Hong, HSBC Global Research's, Morningstar, Hong Kong Exchange, Krishna, Medical Sciences, Bombay Stock Exchanges, Kia, Korea Exchange, Won Locations: Asia, Hong Kong, U.S, HSBC Global Research's India, Korean, HSBC Global Research's Korea, EU

☆ Two Sigma's new leaders have made their mark with hundreds of job cuts. Here's what could come next for the $60 billion firm.
▼ + stars: | 2024-11-21 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

The hedge fund is run by co-CEOs Carter Lyons and Scott Hoffman, who took over for Two Sigma's billionaire cofounders in September. The firm is planning to continue to invest in its core strategies, a person close to the manager said. Related Video How tech layoffs could affect the economyNo portfolio managers were eliminated, a person close to the manager told Business Insider. AdvertisementThe goal is to be more disciplined as the firm grows going forward, the person close to Two Sigma said. AdvertisementIn this light, the latest cuts could be seen as a clean-up of balance sheet bloat — but the person close to the firm said that a listing has not been discussed in any form.

Persons: Carter Lyons, Scott Hoffman, cofounders, cofounders John Overdeck, David Siegel, Lyons, Hoffman, Lazard's Organizations: Sigma, Business, Bloomberg, shepherding Locations: New York

☆ Want to invest behind Nvidia's Blackwell chip launch? Wall Street says try these stock alternatives
▼ + stars: | 2024-11-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Investors looking for alternative ways to profit off of Nvidia 's impending Blackwell chip rollout may want to take a look at these derivative plays. Shares of Nvidia fell 3% despite topping quarterly earnings expectations and Wall Street's forecast. The stock has whipsawed amid concerns of slowdown following several quarters of monstrous revenue growth and lofty guidance beats. Semiconductor product manufacturers MACOM Technology Solutions and Semtech are other potential beneficiaries from a strong Blackwell rollout, according to Stifel's Tore Svanberg. This includes companies such as Marvell Technology , Credo Technology and Astera Labs .

Persons: Brad Lin, Lin, Asiya Merchant, Stifel's Tore Svanberg Organizations: Nvidia, Blackwell, Bank of, Taiwan Semiconductor Manufacturing, Dell, Hewlett Packard Enterprise, Semiconductor, MACOM Technology Solutions, Marvell Technology, Technology, Astera Labs Locations: Taiwan

☆ Here are Thursday's biggest analyst calls: Nvidia, Tesla, Salesforce, Chevron, Dell, Snowflake, Netflix & more
▼ + stars: | 2024-11-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Goldman Sachs downgrades XPeng to neutral from buy Goldman downgraded the China EV company mainly on valuation. Goldman Sachs reiterates Chevron as buy Goldman raised its price target on the stock to $170 per share from $167. Goldman Sachs initiates Merus Therapeutics as buy Goldman said the biotech company has "best-in-class" potential. Goldman Sachs reiterates Snowflake as buy The firm said it likes the company's "strong execution" following earnings on Wednesday. Goldman Sachs reiterates Salesforce as buy Goldman said it's sticking with shares of Salesforce.

Persons: Goldman Sachs, Morgan Stanley, Rosenblatt, William Blair downgrades Ulta, William Blair, XPeng, Goldman, Wells, Jake Paul, Mike Tyson, Dell, Snowflake, Tesla, TJX, Salesforce Organizations: Nvidia, UMB, Palo Alto Networks, Palo, China EV, GE, Bank of America, Netflix, Citi, Energy, Chevron, Barclays, Royal Bank of Canada, Merus Therapeutics, " Bank of America, JPMorgan, Networks, Palo Alto, TJX Companies Locations: Ulta, XPeng, Canada, Shanghai, Salesforce

☆ Nvidia reversal moves whole stock market higher, proving again its unprecedented influence
▼ + stars: | 2024-11-21 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

There's no denying how important Nvidia is to the stock market. Stock futures followed Nvidia's lead, riding slight losses at the time. In that time, stock futures recovered their earlier losses and were last up around 0.5%. Many firms lifted their price targets on the chipmaker, including Citi, Wells Fargo and Bernstein . Elsewhere Thursday morning on Wall Street, Wells Fargo initiated GE Vernova as overweight, citing growing power demand from artificial intelligence.

Persons: Nvidia's, Wells Fargo, Bernstein Organizations: Nvidia, Barclays, Bank of America, Citi, GE Vernova Locations: Wells Fargo

☆ 10-year Treasury yield dips as investors await economic data, Fed speeches
▼ + stars: | 2024-11-21 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

One basis point equals 0.01%. The 10-year Treasury yield fell more than 1 basis point to 4.390%, while the yield on the 2-year Treasury slipped by nearly 2 basis points to 4.291%. The benchmark 10-year Treasury yield dipped on Thursday as investors await a fresh batch of economic data and a flurry of speeches from Federal Reserve policymakers. Existing home sales for October and the Kansas City Fed survey for November are scheduled to follow slightly later in the session. Cleveland Fed President Beth Hammack, Chicago Fed President Austan Goolsbee, Kansas City Fed President Jeff Schmid, Fed Vice Chair for Supervision Michael Barr are all poised to deliver remarks about the U.S. economy on Thursday.

Persons: Donald Trump's, Beth Hammack, Austan Goolsbee, Jeff Schmid, Michael Barr, Michelle Bowman, Samantha Subin, Sophie Kiderlin Organizations: Treasury, Federal Reserve, Philadelphia Fed, Kansas City Fed, Cleveland Fed, Chicago Fed Locations: Russia, Ukraine, Washington, Moscow, Kansas, U.S

☆ International Criminal Court issues arrest warrants for Netanyahu and Hamas officials
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: +6 min

The International Criminal Court issued arrest warrants on Thursday for Israeli Prime Minister Benjamin Netanyahu, his former defense minister and Hamas officials, accusing them of war crimes and crimes against humanity over the war in Gaza and the October 2023 attacks that triggered Israel's offensive in the Palestinian territory. Netanyahu and other Israeli leaders have condemned ICC Chief Prosecutor Karim Khan's request for warrants as disgraceful and antisemitic. U.S. President Joe Biden also blasted the prosecutor and expressed support for Israel's right to defend itself against Hamas. The court also issued a warrant for the arrest of Mohammed Deif, one of the leaders of Hamas. Khan sought warrants in May, accusing Netanyahu and Gallant of crimes including murder, intentionally attacking civilians, and persecution.

Persons: Benjamin Netanyahu, Netanyahu, Karim Khan's, Joe Biden, Yoav Gallant, Mohammed Deif, Yahya Sinwar, Ismail Haniyeh, Oren Marmorstein, Israel, Gallant, Vladimir Putin, Khan, — Sinwar, Deif, Haniyeh, hasn't, Sinwar, Balkees Jarrah, Benny Gantz, Yair Lapid Organizations: Israeli, ICC, U.S, Israeli Foreign Ministry, Foreign, Hamas, Prosecutors, Human Rights Locations: Gaza, Palestinian, Israel, United States, Hague, Ukraine, Mongolia, Israeli, Iran

☆ Laos: Australian backpacker dies as countries warn of suspected methanol poisonings in Southeast Asian country
▼ + stars: | 2024-11-21 | by ( Helen Regan | ) edition.cnn.com time to read: +5 min

CNN —An Australian teenager has died and another is fighting for her life after drinking suspected tainted alcohol in Laos, as a growing list of countries warned of multiple poisonings linked to a tourist town in the Southeast Asian country. Jones’ death is the latest in a spate of suspected methanol poisonings of foreigners in Vang Vieng, a popular destination for young international backpackers. The British Embassy in Laos said it was providing consular assistance to British nationals “following an incident” in the country. “In November 2024, several foreigners in Vang Vieng have been victims of suspected methanol-adulterated alcohol poisoning,” the Canadian government said. Laos, one of the poorest countries in Southeast Asia, has been hit hard by skyrocketing inflation in recent years.

Persons: Bianca Jones, Holly Bowles, Jones, ”, “, Anupam Nath, Vang Vieng, Anthony Albanese, didn’t Organizations: CNN, Nine, US State Department, ” Denmark’s Ministry of Foreign Affairs, US Centers for Disease Control, New Zealand Ministry of Foreign Affairs, Trade, ” “, British, “, Zealand, Foreign Office, Nine News, Associated Press, British Foreign, Tourism Locations: Laos, Thailand, Bangkok, Vang Vieng, American, British Embassy, Australia, United Kingdom, Canada, “, Vang, Melbourne, Southeast Asia

☆ Dollar pulls ahead as markets focus on Trump policies, Fed outlook
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: +4 min

After stalling for three sessions, the greenback was back on the march higher, with investors lifting the dollar index measure against its key rivals closer to a one-year high of 107.07 hit last week. The dollar has rallied more than 2% since the Nov. 5 U.S. presidential election on bets Trump's policies could reignite inflation and temper the Fed's future rate cuts. The dollar index held steady at 106.56, up from a one-week nadir hit in the previous session. "The Russia-Ukraine conflict is heating up, which is further denting sentiment towards the euro alongside the prospects of trade tariffs," another "bullish cue" for the dollar index given the euro's heavy weighting, City Index's Simpson said. The dollar gave up some gains against the yen, down 0.33% at 154.91 yen , although the Japanese currency remained under pressure.

Persons: Donald Trump's, Matt Simpson, CME's, Michelle Bowman, Lisa Cook, Index's Simpson, Kazuo Ueda, Sterling, bitcoin, Bitcoin Organizations: U.S, Federal Reserve, Wednesday, Storm, ATACMS, Bank of Japan, Bank of England's Locations: Europe, China, Russia, Ukraine, Paris

☆ Bank of America raises Netflix price target to $1,000 on Tyson/Paul fight viewership
▼ + stars: | 2024-11-21 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Two catalysts may send shares of Netflix even higher in the months ahead, according to Bank of America. Analyst Jessica Reif Ehrlich reiterated her buy rating on Netflix and hiked her price target by $200 to $1,000, implying more than 13% upside from Wednesday's close. "Live and advertising are complementary growth drivers, as more live programming drives additional high value, premium ad inventory," Reif Ehrlich added. "Netflix's ability to monetize this premium live inventory will be key to making advertising a multi-year growth driver." Still, Netflix has an average price target of $787, implying about 11% downside from Wednesday's close.

Persons: Jessica Reif Ehrlich, Reif Ehrlich, Mike Tyson, Jake Paul –, Beyoncé –, ann Organizations: Netflix, Bank of America, Broadcasting

CNN —The International Criminal Court has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu, former Defense Minister Yoav Gallant, and a senior Hamas official, accusing them of war crimes during and after the October 7 attacks on Israel last year. While ICC warrants don’t guarantee arrests, they could significantly restrict Netanyahu’s ability to travel to ICC member states. The prime minister said at the time that “trust between me and the minister of defense has cracked.” Katz, who served as foreign minister until then, became defense minister. After an arrest warrant has been issued, the ICC sends requests for cooperation to member states. Previous leaders who have been faced with ICC arrest warrants have experienced limitations on their ability to travel, unable to pass through countries legally obliged to arrest them.

Persons: Benjamin Netanyahu, Yoav Gallant, Netanyahu, ”, Israel, ” Netanyahu “, Thrusday, Mohammed Diab Ibrahim Al, Masri, Mohammed Deif, hasn’t, Deif, “, Gallant, Isaac Herzog, barbarically, Gideon Sa’ar, flagrantly, National Security Itamar Ben Gvir, ” Katz, Eliav, ” “, ” Lieblich Organizations: CNN, Hamas, ICC, International Criminal Court, West Bank, National Security, Tel Aviv University Locations: Israel, Netherlands, United States, Gaza, East Jerusalem, Iran

Search resuls for: "Citizens Bank

25 mentions found