DIRS.INFO The most relevant business & tech news

☆ Markets are grappling with the impact of Trump's win and how the Fed will react
▼ + stars: | 2024-11-15 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

However, he went on to back up Chair Jerome Powell 's statement Thursday that the Fed doesn't need to be "in a hurry" to cut. "I do think if there's disagreement of what's the neutral rate, it does make sense at some point to start slowing." Getting to neutral, or a place that neither boosts nor restrains growth, is the Fed's ultimate goal, but Trump's victory could complicate the journey. The burst of euphoria after Trump's win actually complicates the situation by providing looser financial conditions that might make the Fed slower to ease. In any event, traders see a high likelihood that even if a December cut does happen, the Fed almost certainly will skip January as it assesses the landscape.

Persons: Donald Trump, Austan Goolsbee, Goolsbee, Jerome Powell, Susan Collins Organizations: Trump, Wall, Federal, Chicago Federal, CNBC, Wall Street Journal, Boston Fed, Traders

☆ US Supreme Court seeks Biden administration view on US Soccer antitrust case
▼ + stars: | 2023-11-13 | by ( Mike Scarcella | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

The justices are considering whether to hear U.S. Soccer's appeal of a lower court's decision to allow the lawsuit by New York-based Relevent Sports to proceed. The lawsuit, filed in 2019 in Manhattan federal court against U.S. Soccer and FIFA, claimed the ban violated American antitrust law and sought to stop the two organizations from implementing it. U.S. Soccer is a member of FIFA, soccer's international governing body. The United States hosts "friendly" games involving foreign professional teams, but the games do not count in league standings. U.S. soccer has argued that it had no role as a FIFA member in forming the international organization's 2018 policy banning foreign clubs from holding competitive matches outside the teams' home countries.

Persons: Joe Biden's, Relevent's, Mike Scarcella, Will Dunham Organizations: U.S, Supreme, U.S . Soccer, FIFA, Soccer, soccer's, United States, Circuit, Appeals, Thomson Locations: United States, New York, Manhattan, U.S, York

FRANKFURT, Germany (AP) — The inflation that has been wearing on European consumers fell sharply to 2.9% in October, its lowest in more than two years as fuel prices fell and rapid interest rate hikes from the European Central Bank took hold. Inflation fell from an annual 4.3% in September as fuel prices fell by 11.1% and painful food inflation slowed, to 7.5%. The lower inflation figure follows a rapid series of interest rate hikes by the European Central Bank. The future path of inflation toward the ECB's target remain uncertain because core inflation, excluding volatile fuel and food prices, remains higher than the headline figure, at 4.2%. The current burst of inflation was set off as the global economy rebounded from the COVID-19 pandemic, leading to shortages of parts and raw materials.

Persons: Rory Fennessy, ”, Jack Allen, Reynolds Organizations: European Central Bank, European, Oxford Economics, European Central Bank . Higher, Capital Economics, Federal Reserve Locations: FRANKFURT, Germany, France, Europe, Russian, Ukraine, Moscow, U.S

☆ Israel says not interested in war with Hezbollah
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +1 min

An Israeli soldier walks past a tank amid heightened tensions between Israel and Lebanon, as seen from the border with Lebanon in northern Israel, October 14, 2023. REUTERS/Gil Eliyahu Acquire Licensing RightsJERUSALEM, Oct 15 (Reuters) - Israel's defence minister said on Sunday that Israel has no interest in waging war on its northern front and that if the Lebanese group Hezbollah restrains itself then Israel will keep the situation along the border as it is. On Sunday afternoon sirens sounded across northern Israel, sending residents running for shelter, and the military said it intercepted five of nine rockets fired from Lebanon. We don't want to escalate the situation," Defence Minister Yoav Gallant told reporters. "If Hezbollah chooses the path of war, it will pay a very heavy price.

Persons: Gil Eliyahu, Israel, Yoav Gallant, Gallant, Ari Rabinovitch, Louise Heavens, Hugh Lawson Organizations: REUTERS, Rights, Hezbollah, Thomson Locations: Israeli, Israel, Lebanon, Lebanese, Gaza

☆ Vladimir Putin says that inflation in Russia is making it 'practically impossible' for businesses to plan
▼ + stars: | 2023-09-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Inflation in Russia makes it nearly impossible for businesses in the country to plan, Vladimir Putin said. Still, Putin brushed off longer-term concerns for the Russian economy, adding that its problems were not "insurmountable." The president spoke at Russia's Eastern Economic Forum on Tuesday, touching on the economic problems that the nation was currently facing. Prices that high make the economic environment extremely uncertain for businesses in the nation, Putin said, per Reuters. Experts and observers say that Russia's economy has been significantly hobbled over the past year by western sanctions and the costly invasion of Ukraine.

Persons: Vladimir Putin, Putin Organizations: Service, Economic, Reuters Locations: Russia, Wall, Silicon, That's, Ukraine

"Weakness in domestic demand, in particular consumption, shows that high and still increasing consumer prices for most goods and services are taking a heavier toll than expected," a commission statement said. The commission cut its forecast for Europe's largest economy this year to minus 0.4%. The economic rebound from the pandemic sent consumer prices higher as demand for goods created bottlenecks in supplies of raw materials and parts, which have now mostly eased. Higher prices spread to food and then services, a broad category ranging from haircuts and hotel stays to medical treaments and car repairs. Prospects of weakening economic growth have led some economists to predict the European Central Bank may avoid raising interest rates Thursday following nine straight hikes.

Persons: Paolo Gentiloni, ”, Alexander Valentin, Gentiloni, Christine Lagarde Organizations: European Union, European Commission, European Central Bank, EU, ECB, Oxford, International Monetary Fund, U.S . Locations: FRANKFURT, Germany, —, China, Ukraine, Russia, Europe, U.S

Even as inflation has slowed from last summer's 40-year highs, Fed officials have been reluctant to declare their job finished until there are clearer signs the economy is slowing. If, as some argue, the interest rate that neither stimulates nor restrains the economy has shifted higher, it means Fed policy is putting less pressure on the economy than expected. Partly to let its policies play out, the Fed is widely expected to leave interest rates on hold at its Sept. 19-20 meeting. Will the bulk of policymakers feel higher rates will be needed to finish the job? "I do expect some rise in unemployment will be required to get underlying inflation into a zone where the Fed is comfortable."

Persons: Chris Albrecht, what's, Thomas Barkin, Barkin, Charles Evans, Richard Clarida, Howard Schneider, Dan Burns, Paul Simao Organizations: Caesars, Richmond Fed, Reuters, Fed, Chicago Fed, Workers, U.S, Thomson Locations: DANVILLE, Virginia, Danville , Virginia, Caesars Virginia, Danville, U.S, Jackson Hole , Wyoming

☆ A Slow-Fuse Tale of Obsession and Marital Claustrophobia
▼ + stars: | 2023-08-15 | by ( Sarah Lyall | More About Sarah Lyall | ) www.nytimes.com time to read: 1 min

As summer moves into its most languorous days, it’s a perfect time to dive into books about love, obsession and madness. You would be hard-pressed to find a more unhealthy example of obsession than that of the narrator in Maud Ventura’s MY HUSBAND (HarperVia, 260 pp., $28.99), a cautionary tale about marital claustrophobia translated from the French by Emma Ramadan. “I think of my husband all the time; I wish I could text him all day,” says the woman, a beautiful mother of two who lives in an elegant house in the Parisian suburbs. But she restrains herself. “I know I have to control myself in order to love.”

Persons: it’s, Maud Ventura’s MY, Emma Ramadan, “, ”, restrains

☆ Elon Musk is getting ready for his potential fight with Mark Zuckerberg by training martial arts with podcaster Lex Fridman
▼ + stars: | 2023-06-28 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Pictures of Elon Musk practicing martial arts were tweeted out on Tuesday. It's a sign that Musk is taking his potential fight against Mark Zuckerberg pretty seriously. The billionaire can be seen practicing a type of martial arts arm lock, forehead vein bulging as he restrains Fridman. "I'm extremely impressed with his strength, power, and skill, on the feet and on the ground," Fridman tweeted. "I think the world is served far better if they train martial arts but not fight in the cage," Fridman wrote on Twitter.

Persons: Elon Musk, Lex Fridman, Mark Zuckerberg, Musk, Fridman, —, we've, Zuckerberg Organizations: Elon, MIT, Twitter

Oil prices dropped almost 4% on Wednesday as jitters about a U.S. economic downturn overshadowed a larger-than-expected fall in U.S. crude inventories. The OPEC+ group of leading oil producers does not see the need for further oil output cuts but is always able to adjust its policy, Novak said. Data on Thursday showed U.S. economic growth slowed by more than expected in the first quarter, although jobless claims fell in the week ending April 22. Oil prices were also pressured as weak risk sentiment spread from the banking sector after First Republic Bank's continued slump. Analysts see weak refinery margins as a major contributor to the recent oil price decline, with oil broker PVM's Tamas Varga pointing to heating oil and gasoil as "the main possible culprit for the outsized weakness".

☆ Disney's lawsuit against Gov. Ron DeSantis has teeth, legal experts say
▼ + stars: | 2023-04-27 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +6 min

Disney's lawsuit accused Florida officials of infringing on its constitutional rights. Ron DeSantis culminated in a stunning lawsuit on Wednesday, where the entertainment giant said state officials retaliated against it, citing a lawmaker who said "You kick the hornet's nest, things come up." Schultz said Disney could even seek in the lawsuit to depose DeSantis, who is widely expected to run for president. It targets The Walt Disney Company." The position articulated by state officials — including that the bill's focus extends beyond Disney — shows Disney will likely keep drawing on more pointed material to support its retaliation claims, said Schutz.

☆ Rep. Andy Ogles defends his gun-filled family Christmas message after Nashville shooting
▼ + stars: | 2023-03-29 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +3 min

Rep. Andy Ogles defended his gun-filled Christmas message after Nashville's school shooting. A reporter for Sky News asked Ogles if he regretted "parading" his family "wielding weapons " on the Christmas message. "Why would I regret taking a family photo with my family and exercising my Constitutional rights?" After the shooting, Ogles posted a statement on Twitter, saying he and his family were "devastated by the tragedy." Asked about the message on NBC's Today show, Nashville Mayor John Cooper said the Ogles' Christmas message isn't "appropriate."

☆ Rep. Andy Ogles, who represents the Nashville district involved in deadly school shooting, posted a gun-toting family photo for Christmas
▼ + stars: | 2023-03-28 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +2 min

Rep. Andy Ogles represents the district where a school shooting happened in Nashville on Monday. In 2021, he posted a Christmas message with a photo of his family holding guns. "My family and I are devastated by the tragedy that took place at The Covenant School in Nashville this morning," he wrote. Dozens of Twitter users, however, responded to Ogles' statement by reposting the Christmas photo that he shared on Facebook in 2021. "This response is offensive given your Christmas family photo," wrote Tweets for Democracy.

☆ Congressman who represents the Nashville district involved in deadly school shooting posted a gun-toting family photo for Christmas in 2021
▼ + stars: | 2023-03-27 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +2 min

Rep. Andy Ogles represents the Nashville district where a school shooting happened on Monday. In 2021, he posted a Christmas message with a photo of his family holding guns. "My family and I are devastated by the tragedy that took place at The Covenant School in Nashville this morning," he wrote. Multiple Twitter users, however, responded to Ogles' statement with the Christmas photo of his family that he posted on Facebook in 2021. "This response is offensive given your Christmas family photo," wrote Tweets for Democracy.

☆ Global Financial Watchdog Suspends Russia’s Membership
▼ + stars: | 2023-02-24 | by ( Mengqi Sun | ) www.wsj.com time to read: +4 min

A global financial watchdog, in an unprecedented move, suspended Russia’s membership in the organization, on the first anniversary of the Kremlin’s invasion of Ukraine. FATF said Russia’s war in Ukraine is a violation of the group’s principles to promote security, safety and the integrity of the global financial system and breaks with FATF’s commitment to international cooperation and mutual respect. Russia’s suspension from FATF significantly restrains the country’s influence on any FATF decisions while casting a shadow on its business climate, observers said. Russia, however, remains liable for membership dues if it intends to reapply for membership in the future. “The measure is both an important political statement as well as a recognition of the threats to the global financial system posed by Russia.

☆ Explainer: The Fed says disinflation is welcome. What is that, exactly?
▼ + stars: | 2023-02-02 | by ( Ann Saphir | ) www.reuters.com time to read: +6 min

But what, exactly, is disinflation, and why is it welcome? Central banks globally tend to target 2% annual inflation (the Fed formally adopted a 2% target in 2012). DISINFLATION = SLOWING INFLATIONCurrently inflation by the Fed's preferred measure - the personal consumption expenditures (PCE) price index - is running at about 5%. Economists expect those softer new leases to start showing up in official measures in coming months - another part of the "good story" of disinflation, Powell said. Former Fed Chair Alan Greenspan famously warned in 2003 that with inflation low, at 1.8%, "substantial further disinflation would be an unwelcome development."

☆ 9 tech predictions for 2023 from seed investor in Uber, Pinterest, and other top companies
▼ + stars: | 2023-01-03 | by ( Scott Belsky | ) www.businessinsider.com time to read: +16 min

2022 was a pivotal year for:Collaborative web apps disrupting every function of the enterprise. Internet browsers will shift from generalized to specializedAs web apps, communal browsing, and decentralized technology continue to grow, browsers have become too generalized and antiquated for the future of web apps. Web apps offer virality and infinite possibilities for product-led growth, and are finally powerful enough for sophisticated apps like Photoshop. Browsers will be reimagined for collaboration and higher performance web apps — like Arc from The Browser Company. Content creators will own their audience and some will become "platform-less"Content creators with mass audiences are seeking novel ways to own the relationship.

The Federal Reserve on Wednesday hiked its key interest rate by 0.75% for the third time in a row as it races to get ahead of the galloping inflation that is sapping the earnings of American consumers. This month, the Bureau of Labor Statistics reported inflation had climbed by 8.3% year on year and 0.1% month on month. By raising interest rates, the Fed hopes to rein in consumption and borrowing, which in turn should put downward pressure on prices. One area in which higher interest rates are taking a significant bite is housing. Bankrate's McBride laid out some financial advice Americans should keep in mind as interest rates climb.

Search resuls for: "restrains"

18 mentions found