DIRS.INFO The most relevant business & tech news

☆ Juggling College With a Media Job. Now Both Are Over.
▼ + stars: | 2023-04-21 | by ( Callie Holtermann | ) www.nytimes.com time to read: +1 min

At Mother of Junk, a thrift emporium in Brooklyn, Emma Choi examined a rubber triceratops and invented a back story for a Miss Piggy figurine. She became NPR’s first Gen Z podcast host, having started as an intern at “Wait Wait … Don’t Tell Me!,” NPR’s comedy news quiz show. Ms. Choi was told in a Zoom call that the podcast would end, and with it her role as host. Although her sense of humor is intact, some of her optimism about working in media has faded. She said she felt proud to have made a show intended in part to usher in the next generation of NPR listeners.

☆ ‘Other People’s Children’ Review: True Romance
▼ + stars: | 2023-04-20 | by ( Manohla Dargis | ) www.nytimes.com time to read: +2 min

When a woman falls in love in the sensitive French slice of life “Other People’s Children,” you may fall, too. She also has time for other pursuits, including guitar lessons, which is how she meets Ali (Roschdy Zem), a car designer. Things between Rachel and Ali progress rapidly in brief, viscerally lived-in scenes humming with cheerful energy. Just 4½, Leila is a charming pixie and, after some friction, she and Rachel take to each other. She gets stoned, goes to parties, works diligently; at school, she flirts with a colleague and supports a troubled student.

☆ Bitcoin dips below $30,000 to start the week as crypto investors refocus on economic concerns
▼ + stars: | 2023-04-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Cryptocurrencies fell on Monday as investors put excitement from Ethereum's "Shapella" upgrade behind them and refocused on upcoming bank earnings and recession concerns. Bitcoin fell 3% to $29,515.35, according to Coin Metrics, falling below the key $30,000 it hit last week for the first time since June. Crypto is coming off a winning week in which prices were boosted by optimism around Ethereum's latest tech upgrade, dubbed "Shapella" (also known as "Shanghai"). Crypto investors are watching bank earnings this week for more insight about the health of the sector and possibility of a coming recession. For this week, any downside potential "should not be severe" or keep bitcoin from continuing on its uptrend, Hasegawa said.

☆ Crypto trading could take a breather after ‘Shanghai’ rally, as investors refocus on banks and economy
▼ + stars: | 2023-04-16 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

While ether climbed throughout the week, bitcoin – the outperformer this year – was trading more choppily. Or will it be an event where people are losing money broadly and economic concerns spill over into the crypto space." "I think it could go either way, but so far what we see in the crypto space is encouraging," he added. "Investors could continue to be picky and look for perceived quality, even in the crypto space," she said. "That's helped bitcoin this year since it's seen as a risk asset outside of crypto, but a store of value within crypto.

☆ More layoffs may still come for tech workers
▼ + stars: | 2023-04-12 | by ( Emilia David | ) www.businessinsider.com time to read: +4 min

The tech sector has shed an estimated 330,000 jobs since last year, but my colleague Hasan Chowdhury writes that more cuts will likely come. Here's why tech workers have to brace for more layoffs. The AI arms race has pushed tech organizations to recruit AI talent from university programs aggressively. Google employees reportedly tried to stop Bard. Read Insider's exclusive on the cuts.

If the fed funds rate is discounted by core PCE inflation, the real interest rate is currently a positive 0.275%, and rising. Using annual headline PCE inflation of 5% in February, the real fed funds rate is only -0.125%. Real policy rates were positive for at least two decades up until 2002. For its part, the Fed sees the real fed funds rate ending this year around +180 bps, based on its median fed funds and PCE inflation projections of 5.1% and 3.3%, respectively. Bank of America rates strategists think this is far too optimistic, and real policy rates will be much lower.

TikTok was the top downloaded app in the United States in 2021 and 2022, according to data from analytics firm Sensor Tower. And legacy news organizations like the 176-year-old Associated Press have recently joined TikTok to reach new audiences. Goodwin told CNN that more than 90% of her orders currently come from people who discover her business through TikTok. “If it were to get banned, I would see business plummeting,” Goodwin told CNN. (Laurie Gomez)At a time when major tech giants including Meta and Twitter are slashing staff, TikTok is still hiring American engineers.

☆ S&P 500 futures are slightly higher as investors weigh Fed outlook on rate hikes: Live updates
▼ + stars: | 2023-03-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

U.S. equity futures were slightly higher on Wednesday evening as traders digested the latest policy update from the Federal Reserve. Futures tied to the Dow Jones Industrial Average added 71 points, or 0.2%. S&P 500 futures rose 0.2%and Nasdaq 100 futures advanced by 0.1%. The Fed's decision and subsequent comments by Chair Jerome Powell at the conclusion of the policymakers' two-day meeting weighed on stocks. "Investors thought the banking crisis could weigh on growth enough to ease inflation, but the Fed isn't taking any chances.

☆ Bitcoin is up 60% so far this year as investors rediscover appeal as alternative banking system
▼ + stars: | 2023-03-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Cryptocurrencies stood out this week as bank shares tumbled and the global liquidity crisis rocked the stock market. Bitcoin versus the banks The price of bitcoin twice rose above the key $25,200 level to more than $26,000, according to Coin Metrics. BTC.CM= 1Y mountain Bitcoin, 1-year Bitcoin's outperformance amid a crisis in the traditional banking system had some wondering if the price rallied on a potential narrative shift. Though bitcoin was initially designed to be digital cash and an alternative financial system, it spent much of last year trading like a speculative asset. "In practice, bitcoin isn't isolated from the traditional banking system.

☆ Crypto rallies into weekend, bitcoin heads for its best week since early 2021
▼ + stars: | 2023-03-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

It's headed for its best week since January 2021, which was right before the first bull run that year. Ether rose 3.5% to $1,744.24 and is on pace for its best week since August 2021. The bank's fate continued to weigh on investors even after the embattled lender said it will borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank. Investors have welcomed resilient crypto prices amid the banking crisis this week. The week kicked off with the closures of Silicon Valley Bank and Signature Bank late Sunday but attention was on First Republic Bank throughout the week.

If the market gyrations and Silicon Valley Bank's failure are rattling your faith in stocks, there are places to look for safety. But for cash and bond allocations, T-bills – U.S. Treasurys with maturity of one year or less – might be the ticket. The rates will adjust and correct [at some point], and these short-term rates will go back to normal," he said. When buying bank CDs, investors should be mindful of the Federal Deposit Insurance Corp.'s coverage, he said. Hans Olsen, chief investment officer of Fiduciary Trust Company, highlighted short-duration, high-quality bonds are where it's at for safety.

☆ Jerome Powell isn't winning any popularity contests among investors as markets booed his testimony on Tuesday
▼ + stars: | 2023-03-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

If you missed Jerome Powell's remarks from his first day on Capitol Hill yesterday, the TLDR is that more rate hikes are coming because the economy's still running hot. The market response to Powell's testimony was anything but muted. The idea is to eventually lower inflation — which most recently clocked in at 6.4% — but the more rate hikes we see, the greater the risk of a recession. So in short: stocks sold off, bond yields jumped, and traders eyed greater potential for a bigger rate hike this month. "If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes," Powell said.

☆ Jerome Powell's testimony is rattling markets. Here's what 4 strategists are saying about the Fed's hawkish stance.
▼ + stars: | 2023-03-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

On the first day of testimony to lawmakers, Jerome Powell said the Fed will likely raise rates higher than expected. Traders are pricing in higher odds of a 50 basis-point move this month after Powell's comments. Charlie Ripley, senior investment strategist, Allianz Investment Management"Unsurprisingly, Chairman Powell delivered a message with hawkish undertones in his testimony to Congress. Higher rates and inflation should prove a headwind for P/E expansion, so investors should expect total return to derive from earnings and income." Jeffrey Roach, chief economist, LPL Financial"Rates will likely be higher than expected, but inflation is still the wild card as the Fed remains data-dependent.

☆ Inflation's direction will drive crypto's action in March now that the 2023 rally has faded
▼ + stars: | 2023-03-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Bitcoin and ether are starting the new trading month on a positive note – following a relatively flat month – each rising less than 1% Wednesday. In the near term, our bet is on the dollar pulling back," he said Wednesday. If we're right and more upside lies ahead in the near term, it's tough to think crypto isn't a major beneficiary." Long-term investors see regulation as a positive development ultimately, but it can put pressure on prices in the near term, Kruger said. Breaking past $25,000 Although bitcoin held up in February, investors are unsure when to expect a rocket ship rally .

☆ The stock market and the economy are stuck on different pages - but the Fed's going to get the last word
▼ + stars: | 2023-02-27 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

It's one of my favorite books, and the idea is relevant today because "Catch-22" is a fitting characterization of what's facing stocks and economy right now. Good news isn't good news and bad news is good news. To be sure, inflation remains hot, as we saw in Friday's Personal Consumption Expenditure data — the Fed's preferred inflation gauge. Even as many top commentators are split on the outlook for the economy, markets appear stuck digesting a host of mixed signals, from strong economic data on the one hand, to fears of higher rates on the other. The billionaire Tesla chief has warned that the central bank could crush the value of the entire stock market.

☆ SEC charges Do Kwon with fraud, and other key stories that moved crypto this week: CNBC Crypto World
▼ + stars: | 2023-02-17 | by ( Jordan Smith | Talia Kaplan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSEC charges Do Kwon with fraud, and other key stories that moved crypto this week: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Callie Cox, investment analyst at eToro, breaks down the biggest themes that moved crypto markets this week.

Analysts said the new cash may afford Bed Bath only a few quarters to revive its business, and a weakening economy would diminish any chance of a successful turnaround. Bed Bath declined to comment on Hudson Bay Capital's role in the share sale. "All is on hold," a maker of children's apparel said last week, adding that it had stopped shipping products to Bed Bath since early January. A shopping cart is seen at a Bed Bath & Beyond store in Manhattan, New York City, U.S., June 29, 2022. Reuters reported late last month that Bed Bath had lined up liquidators to close additional stores unless a last-minute buyer emerged.

Hudson Bay Capital is unrelated to Canadian department store chain Hudson's Bay Co. Bed Bath & Beyond declined to comment earlier Tuesday on Hudson Bay Capital leading investment in the share sale. A shopping cart is seen at a Bed Bath & Beyond store in Manhattan, New York City, U.S., June 29, 2022. REUTERS/Andrew KellyPrices on Bed Bath & Beyond bonds due in 2024 climbed to 24 cents on the dollar from around 5 cents, a level still indicating financial distress. Bed Bath shares rose 2.7% in extended trading, after closing down 49% on Tuesday.

Organizations: & ' $

☆ January was bitcoin's best month since 2021, but crypto isn't ready for a 'rocket ship rally' yet
▼ + stars: | 2023-01-31 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

For some investors, however, its strong month isn't necessarily a green light to jump back into the crypto market. As of Tuesday, bitcoin is set to finish the month up 38.39%, which would make it its best month since October 2021 and its best January in 10 years, according to Coin Metrics. Ether , which led the crypto recovery last summer ahead of the merge, has risen 31% this month, coming off a 67.06% decline for 2022. However, "we're not so sure bitcoin is ready for another rocket ship rally just yet." "Thus far, the rise in BTC dominance looks reminiscent of April 2019, during which a BTC rally marked a crypto market bottom, much akin to rising BTC dominance lately."

☆ Taylor Swift's 'Lavender Haze' music video is full of subtle references — here are 11 details you may have missed
▼ + stars: | 2023-01-27 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +1 min

The camera lingers over a vinyl titled "Mastermind," the 13th track on "Midnights." A screenshot of the "Lavender Haze" music video. Taylor Swift/YouTube"Lavender Haze" is the third music video Swift has released in her "Midnights" era, following "Anti-Hero" and "Bejeweled." Swift revealed on Twitter that "Lavender Haze" was the first video treatment she wrote "out of the 3 that have been released," clearly implying that more videos are on the way. The "Mastermind" vinyl cover features two constellations: Sagittarius and Pisces.

☆ Taylor Swift released a new music for 'Lavender Haze,' which she described as a 'sultry sleepless '70s fever dream'
▼ + stars: | 2023-01-27 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: 1 min

"That '90s Show" is a spinoff and continuation of the hit sitcom "That '70s Show." You can watch "That '90s Show" exclusively on Netflix; plans start at $7 a month with ads. Where to watch 'That '90s Show'You can now watch "That '90s Show" on Netflix. The show is a Netflix original, so it won't be available to stream on any other services. FoxIf you want to catch up on all eight seasons of "That '70s Show" before you watch "That '90s Show," you can find the original series on Peacock.

☆ Tips for investing in 2023 as a potential recession looms large
▼ + stars: | 2023-01-14 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Callie Cox: The biggest risks include whether the Fed can get inflation down, and whether we enter a recession. The job market and corporate earnings are the two catalysts that make me think we can avoid those risks. CC: The Fed will be more responsive to what's happening in the job market, because the job market directly impacts inflation. Services inflation — think rent, haircuts, insurance prices — is still growing at a 7% clip annually, which is way too high in the Fed's mind. And the kicker here is that services inflation is the type of inflation that the Fed can best control through the job market.

☆ Here's how to invest in 2023 as 2 major risks threaten the US economy, according to an investment analyst
▼ + stars: | 2023-01-14 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

In an interview with Insider, eToro investment analyst Callie Cox highlighted the two biggest risks to monitor this year. "The kicker here is that services inflation is the type of inflation that the Fed can best control through the job market," she said. "But one bright spot of this scenario," Cox said, "is that it would take care of the inflation problem because when demand drops, inflation comes down." And as far as stocks, Cox likes a defensive positioning with consumer staples, utilities, energy, and pharmaceutical companies. "If we do hit a recession," Cox said, "it's a great time to slowly build up your risk appetite in anticipation of us getting through it."

☆ Cryptoverse: Bitcoin digs in for a bumpy new year
▼ + stars: | 2023-01-10 | by ( Lisa Pauline Mattackal | ) www.reuters.com time to read: +4 min

[1/2] Bitcoin are seen in this illustration picture taken September 27, 2017. The overall global crypto market cap has risen 5% to $871 billion since Jan. 1, but it's still down over 57% from this time last year. Bitcoin itself has gained 4.3% since the start of 2023, though stuck in a narrow range between $16,500 and $17,300. For some market players, though, subdued sounds pretty good after the bitcoin bloodbath of 2022. Reuters GraphicsTHE BULL'S TALEMarcus Sotiriou, analyst at digital asset broker GlobalBlock, pointed to tightening Bollinger bands - a technical indicator tracking price and volatility - on bitcoin charts.

Search resuls for: "Callie"

25 mentions found