DIRS.INFO The most relevant business & tech news

☆ ‘The Diplomat’ vs. Reality
▼ + stars: | 2023-05-14 | by ( Lauren Jackson | ) www.nytimes.com time to read: +1 min

Here’s what other ambassadors told my colleagues working in Mexico, Australia, China and elsewhere:What the show gets wrongPart of the fun of “The Diplomat,” as with any workplace show, comes when it departs from reality. “I have a different memory of the confirmation process,” Rahm Emanuel, the U.S. ambassador to Japan, told my colleague Motoko Rich. “The show may get the diplomatic life right, but their grasp of American politics and the U.S. Senate? “The speeches every diplomat wants to give his or her boss. Not exactly the daily course of business.”A Vogue photo shoot: Multiple former ambassadors said the racks of outfits in the show were unrealistic.

☆ Bittrex approved to borrow $7 mln bankruptcy loan in bitcoin
▼ + stars: | 2023-05-10 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

Seattle-based Bittrex filed for bankruptcy Monday, saying it intended to return customer funds and wind down its U.S. operations. Before filing for bankruptcy, Bittrex stopped accepting new deposits from U.S. customers and told its existing users to withdraw their crypto from the platform. Shannon approved the loan on an interim basis, allowing Bittrex to borrow 250 bitcoin from its parent company Aquila Holdings, which is not filing for bankruptcy. Bittrex will seek permission to borrow an additional 450 bitcoin at a hearing in June, and the total value of its proposed loan is $19.7 million, based on bitcoin prices when it filed for bankruptcy. The case is Bittrex Inc, U.S. Bankruptcy Court for the District of Delaware, No.

☆ Watch CNBC's full interview with Endeavor CEO Ari Emanuel on Q1 results
▼ + stars: | 2023-05-10 | 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 EmailWatch CNBC's full interview with Endeavor CEO Ari Emanuel on Q1 resultsEndeavor CEO Ari Emanuel joins 'Squawk on the Street' to discuss the company's quarterly earnings results, stock buyback plan, the acquisition of WWE & sale of IMG Academy, and more.

☆ Endeavor CEO Ari Emanuel on Q1 earnings and WWE acquisition
▼ + stars: | 2023-05-10 | 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 EmailEndeavor CEO Ari Emanuel on Q1 earnings and WWE acquisitionEndeavor CEO Ari Emanuel joins 'Squawk on the Street' to discuss the company's quarterly earnings results, stock buyback plan, the acquisition of WWE & sale of IMG Academy, and more.

☆ Hurricanes of Data: The Tiny Craft Mapping Superstorms at Sea
▼ + stars: | 2023-05-09 | by ( Porter Fox | ) www.nytimes.com time to read: +35 min

The Tiny Craft Mapping Superstorms at Sea Shortly after dawn on Sept. 30, 2021, Richard Jenkins watched a Category 4 hurricane overrun his life’s work. That August, a sister ship, SD 1031, successfully entered Tropical Storm Henri, but only in its early stages. Hurricane research, modeling and forecasting requires many terabytes of data for every square mile the storm passes through, including vitally important sea-level data from inside a storm. The next day, the depression was upgraded to a tropical storm and officially given the name Sam. And four months later, Tropical Storm Megi killed more than 150, wiped out several villages with landslides and displaced more than a million people.

☆ How Singapore's giant sovereign wealth fund is investing in generative AI technology
▼ + stars: | 2023-05-09 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

As CEO of GIC, Singapore's sovereign wealth fund, he must keep the country's savings growing ahead of inflation. AI retoolingThe 2 investors were most animated when discussing the recent explosion of generative AI technology, including large language models. Chris Emanuel, head of the Technology Investment Group at GIC, Singapore's sovereign wealth fund GICThere's already a generative AI startup feeding frenzy among venture capital funds. Secondary market actionFinally, GIC is keen on doing more in the secondary market, where private stakes in startups and VC funds change hands. That means general partners, the people running VC funds, already know GIC and are more comfortable dealing with the organization, Lim explained.

☆ Enthusiasm in new tech 'unfolds in waves', says Evercore ISI's Emanuel on A.I.'s impact on stocks
▼ + stars: | 2023-05-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEnthusiasm in new tech 'unfolds in waves', says Evercore ISI's Emanuel on A.I. 's impact on stocksJulian Emanuel, Evercore ISI senior managing director, joins 'Fast Money' to discuss the state of the stock markets, the A.I. revolution, and more.

☆ The S&P 500 is holding up, but the leadership is getting smaller
▼ + stars: | 2023-05-08 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Simply put: the big indexes are doing OK, but the average stock is not. Big-cap tech is back but not a lot else If you just owned the top seven stocks in the S & P 500 , you'd think this was a rip-roaring quarter for passive investors in the S & P 500. Market cap vs. equal weight S & P 500 in Q2 S & P 500 up 0.6% Equal-weight S & P 500 down 1.1% There is a particularly large divergence in technology this quarter: Market cap vs. equal weight Technology S & P 500 in Q2 S & P 500 Technology: up 0.2% Equal-weight: down 6.1% What this tells us is that the average stock, and particularly the average technology stock, is underperforming the market. In the S & P 500, this peaked at a little over 70% in early February. The simple way to interpret this is that less than half of the stocks in the S & P 500 are in an uptrend.

☆ A.I. trade is leaving investors vulnerable to painful losses: Evercore
▼ + stars: | 2023-05-08 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +2 min

The artificial intelligence trade may be leaving investors vulnerable to significant losses. Evercore ISI's Julian Emanuel warns Big Tech concentration in the S&P 500 is at extreme levels. Emanuel reflected on "odd conversations" he had over the past several days with people viewing Big Tech stocks as hiding places. "[They] actually look at T-bills and wonder whether they're safe. Interestingly enough, with all of this AI talk, health care and consumer staples have outperformed since April 1," Emanuel said.

☆ Australia's Medibank served with third class-action suit over cyber breach
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

May 5 (Reuters) - Australia's Medibank Private Ltd (MPL.AX) said on Friday it was served with another class-action suit related to the cyber hack incident last year in which personal data of current and former customers was leaked on the dark web. The third class-action suit related to the incident was filed in the country's federal court by law firm Slater & Gordon on behalf of affected current and former Medibank customers, and healthcare service providers. In recent months, similar class action suits against the company have been filed by law firms Baker & McKenzie and Quinn Emanuel Urquhart & Sullivan. Medibank, which is also under investigation from the country's privacy regulator on how it handles personal information, said it would defend the proceedings. Reporting by Himanshi Akhand in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

(Reuters) - A Kirkland & Ellis partner whose clients have included General Motors Co, BP Plc and auto manufacturer Polaris Inc said he has joined the Chicago office of Quinn Emanuel Urquhart & Sullivan. R. Allan Pixton told a federal judge in Detroit on Friday that he has joined Quinn Emanuel's Chicago office. Pixton and a Kirkland spokesperson did not immediately respond to a request for comment. According to his defunct Kirkland profile, Pixton's litigation experience covered class actions and mass torts. In 2020, he left Kirkland to lead the new Chicago office of Hilliard Martinez Gonzalez, a Corpus Christi, Texas-based law firm.

☆ Virginia Governor Youngkin 'humbled' by talk of possible presidential run
▼ + stars: | 2023-04-27 | by ( Tim Kelly | ) www.reuters.com time to read: +2 min

TOKYO, April 27 (Reuters) - Virginia Governor Glenn Youngkin did not rule out a run for president in 2024, saying on Thursday that he was "humbled" by the question of whether he would seek the Republican nomination. Youngkin was in Japan as part of an Asian trip, including stops in Taiwan and South Korea, to promote his state. In Tokyo, he met Japanese Prime Minister Fumio Kishida, who on Monday sat down with would-be presidential candidate Florida's Governor Ron DeSantis. Biden, 80, on Tuesday said he will seek re-election in 2024 in a contest that could once again pit him against leading Republican candidate former President Donald Trump. In a Reuters/Ipsos poll completed on Monday, 44% of Democrats said Biden was too old to run.

☆ Debt ceiling is a catalyst for an S&P move to 3,800: Evercore ISI's Julian Emanuel
▼ + stars: | 2023-04-26 | 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 EmailDebt ceiling is a catalyst for an S&P move to 3,800: Evercore ISI's Julian EmanuelJulian Emanuel, Evercore senior managing director, joins 'Squawk on the Street' to discuss why the debt ceiling could send markets lower, when stocks start paying attention to macro concerns and more.

☆ Watch CNBC's full interview with EMJ Capital's Eric Jackson
▼ + stars: | 2023-04-26 | 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 EmailWatch CNBC's full interview with EMJ Capital's Eric JacksonJulian Emanuel, Evercore ISI senior managing director, joins 'Squawk on the Street' to discuss why tech earnings could surprise the upside, Jackson's thoughts on the small to mid-cap tech stocks, and more.

☆ There's a clear distinction in earnings between big tech and the rest: EMJ Capital's Eric Jackson
▼ + stars: | 2023-04-26 | 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 EmailThere's a clear distinction in earnings between big tech and the rest: EMJ Capital's Eric JacksonJulian Emanuel, Evercore ISI senior managing director, joins 'Squawk on the Street' to discuss why tech earnings could surprise the upside, Jackson's thoughts on the small to mid-cap tech stocks, and more.

☆ Russia’s war on Ukraine redrew the map of the sky – but not for Chinese airlines
▼ + stars: | 2023-04-25 | by ( Xiaofei Xu | ) edition.cnn.com time to read: +7 min

He told the newspaper that airlines flying over Russia were indirectly helping the Kremlin’s war effort. Safety implicationsVirgin's Richard Branson has called for a ban on Chinese airlines flying to Europe via Russian airspace. CNN has reached out to the three main state-owned Chinese airlines – Air China, China Eastern and China Southern – for comments. For now, Chinese airlines have yet to return to full pre-pandemic capacities. But as Chinese airlines gradually return to normal and the war in Ukraine continues to rage on, European airlines could potentially face more fierce challenges on routes between Europe and East or Southeast Asia, creating some interesting choices for passengers.

☆ Young remote workers are missing out on crucial IRL feedback from colleagues
▼ + stars: | 2023-04-24 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

For young workers, not being in an office can mean they don't get as much feedback from colleagues. The pushback against remote work comes as more CEOs have been calling workers back to the office. But workers — especially those taking care of kids or others — grew accustomed to the flexibility that remote work can afford. Despite the risks, many of those potentially in danger of missing out on professional growth are most in favor of remote work, according to surveys, the Times noted. And some companies that have embraced remote work report success.

☆ His Mercury Cougar Puts the Car in Carpe Diem
▼ + stars: | 2023-04-22 | by ( A.J. Baime | Photographs Emanuel Hahn For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Joe Carter , 63, a real-estate investor living in Moreno Valley, Calif., on his 1970 Mercury Cougar convertible, as told to A.J. I was raised by a single mom in Hollywood, Calif. We were poor, and I used to go to the 49-cent theater to see rerun movies. That is where I first saw a Mercury Cougar, driven across the big screen by the actress Diana Rigg . It was love at first sight—the car, I mean, although Diana Rigg came in a close second. A song in the movie was, “We Have All the Time in the World.” The thing is, we don’t.

☆ Credit Suisse bondholders sue Swiss regulator over $17 bln bond wipeout -FT
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +1 min

April 21 (Reuters) - Credit Suisse Group AG (CSGN.S) bondholders, representing $4.5 billion of the $17 billion of wiped-out Additional Tier 1 bonds of the company, have filed a lawsuit against Switzerland's banking regulator, the Financial Times reported on Friday. The complaint says the regulator, Finma, acted unconstitutionally when it ordered Credit Suisse to cancel the AT1 debt, the FT report said. This move by the Swiss regulator in mid-March angered bondholders who thought they would be better protected than shareholders in a rescue deal with UBS (UBSG.S) earlier in the month. The lawsuit was filed by the law firm Quinn Emanuel in the city of St. Gallen in eastern Switzerland on Wednesday, FT said. The bondholder group holds a "significant" percentage of the total notional value of the bonds, Quinn Emanuel said earlier this month when it was hired by the bondholders group.

☆ Factbox: Lawsuits lodged over state-backed Credit Suisse takeover
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +2 min

April 21 (Reuters) - Several lawsuits have been filed over the terms of last month's emergency deal to save Swiss lender Credit Suisse (CSGN.S) by selling it to its bigger rival UBS (UBSG.S). Around 16 billion Swiss francs of Additional Tier 1 (AT1) Credit Suisse debt was written down to zero, in a shock to markets. But it has declined to name claimants or provide an ongoing tally of those lodged by bondholders or their lawyers. UNITED STATESOne of the first proposed U.S. class action s against Credit Suisse over alleged false or misleading statements pre-dates the rescue. Credit Suisse declined to comment.

☆ Credit Suisse bondholders sue Swiss authorities
▼ + stars: | 2023-04-21 | by ( ) edition.cnn.com time to read: +2 min

Investors representing more than 4.5 billion Swiss francs ($5 billion) of Credit Suisse bonds have sued the Swiss financial regulator over its decision to wipe out their investments during last month’s emergency government-orchestrated takeover. Law firm Quinn Emanuel Urquhart & Sullivan, which is representing the bondholders, said Friday the move was the first in a series of steps to seek redress for clients it said had been unlawfully deprived of their property rights during the takeover of Credit Suisse (CS) by bigger rival UBS (UBS). The appeal against FINMA, the Swiss Financial Market Supervisory Authority, which ordered the writedown, was filed on April 18 in the Federal Administrative Court in St Gallen, north-east Switzerland. “FINMA’s decision undermines international confidence in the legal certainty and reliability of the Swiss financial center,” said Thomas Werlen, Quinn Emanuel’s Swiss managing partner. The Federal Administrative Court said it was still receiving complaints but declined to name claimants or comment on how many had been lodged by bondholders or their lawyers.

It is the first major lawsuit in the public domain to be filed over the Swiss decision to wipe out around $18 billion of Credit Suisse's Additional Tier 1 (AT1) debt during the 3 billion Swiss franc all-share rescue deal last month, which stunned markets and alerted litigators. The appeal against FINMA, the Swiss Financial Market Supervisory Authority that ordered the writedown, was filed on April 18 in the Federal Administrative Court in St Gallen, north east Switzerland. "FINMA's decision undermines international confidence in the legal certainty and reliability of the Swiss financial center," said Thomas Werlen, Quinn Emanuel's Swiss managing partner. FINMA declined to comment and Credit Suisse did not immediately respond to a Reuters request for comment. ($1 = 0.8941 Swiss francs)Reporting by Jahnavi Nidumolu in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ CNBC Daily Open: Earnings look weak despite beating expectations
▼ + stars: | 2023-04-20 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In other words, investors think stock prices will rise over the next 30 days. First, even though companies have been reporting better-than-expected results, that trend could have low base expectations to thank: Analysts think S&P 500 earnings will fall 5.2% in the first quarter. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Earnings are starting to look weak
▼ + stars: | 2023-04-20 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In other words, investors think stock prices will rise over the next 30 days. As CNBC Pro's Scott Schnipper wrote, "Expectations about the immediate earnings outlook have been down for so long, the actual numbers themselves could look like up to investors." Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ S&P 500 is in a modest uptrend, but low volumes and reduced volatility have traders in a funk
▼ + stars: | 2023-04-19 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Good news: The S & P 500 is in a modest uptrend. The S & P 500 is up 7% since bottoming at the height of the banking crisis March 13th. The main focus of volatility, the CBOE Volatility Index (VIX), hit a 15-month low on Wednesday. "The January 2022 trough in the VIX marks the current all-time high for the S & P 500. Julian Emanuel at Evercore ISI noted that as of Tuesday night, 44 companies in the S & P 500 had reported.

Search resuls for: "emanuel"

25 mentions found