DIRS.INFO The most relevant business & tech news

☆ Broadcom is planning drastic job cuts at VMware as its acquisition of the cloud company nears completion
▼ + stars: | 2023-08-03 | by ( Rosalie Chan | Alistair Barr | ) www.businessinsider.com time to read: +2 min

Broadcom is planning drastic cuts of VMware's non-engineering staff, sources told Insider. Broadcom is currently preparing to close a $61 billion acquisition of VMware. Broadcom is planning deep job cuts at VMware, focusing on non-engineering jobs, according to two sources familiar with the matter. Broadcom is currently preparing to close a $61 billion acquisition of VMware. VMware employees have been expecting layoffs once the deal closes, and Broadcom leadership previously told VMware staff that it wanted to make the company "lean and flat," as Insider previously reported.

Persons: Hock Tan, Tan Organizations: Broadcom, VMware, Employees, European Union, SEC, CA Technologies Locations: Broadcom's

☆ US House Republicans rally around Trump
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

U.S. House Speaker Kevin McCarthy (R-CA) speaks with reporters after a Republican conference meeting at the U.S. Capitol in Washington, U.S. July 18, 2023. Republicans, who have recently intensified their investigations of Biden's family, claimed that Trump's latest indictment showed the United States lapsing into the condition of a "banana republic." House Speaker Kevin McCarthy and other Republican leaders have said that an impeachment inquiry is possible but have stopped short of announcing one. Republican hardliner Matt Gaetz took direct aim at Smith, tweeting that the special counsel "shouldn't be in any position to charge Trump with anything. Greene and House Republican Conference Chair Elise Stefanik have recently introduced measures to expunge both impeachments.

Persons: Kevin McCarthy, Jonathan Ernst, Donald Trump, Trump, Joe Biden, Jack Smith, Marjorie Taylor Greene, Biden, Hunter, Republican hardliner Matt Gaetz, Smith, tweeting, shouldn't, Greene, Gaetz, Elise Stefanik, David Morgan, Jonathan Oatis Organizations: U.S, Capitol, REUTERS, U.S . House, Democratic, Republicans, Twitter, White, Republican, Trump, Committee, U.S . Capitol, House Republican, Thomson Locations: Washington , U.S, U.S, United States, Ukraine

☆ Read Your Way Through Hanoi
▼ + stars: | 2023-08-02 | by ( Nguyễn Phan Quế Mai | ) www.nytimes.com time to read: +1 min

Read Your Way Around the World is a series exploring the globe through books. Hanoi has always been a city of tales and legends. Cradled by the silky Red River, Hanoi is also a city of loss and survival: It was destroyed time and time again during the French Indochina War, then the Vietnam War, when thousands of tons of bombs were dropped onto the city. But once in Hanoi, you will feel the energy of a city that constantly renews itself. If you prefer to get to know Hanoi via fiction, “Dumb Luck,” by Vu Trong Phung — a sarcastic novel set in Hanoi during the colonial period — is considered a classic of Vietnamese literature.

Persons: ”, Emperor Ly Thai, Luke Nguyen, banh, Huong, Ho Xuan Huong, Nguyen Quang Thieu, Vu Trong Locations: Hanoi, Indochina, Vietnam

Picketers walk outside the Walt Disney Studios in Burbank, CA on Tuesday, June 6, 2023 as the Writers Guild of America strike enters the sixth week. As the Hollywood writers strike nears its 100th day and pressure from striking actors mounts, producers are asking for a meeting. The Writers Guild of America told screenwriters that Carol Lombardini, the studio negotiator, requested to talk Friday about the possibility of resuming negotiations with the guild. The meeting request doesn't guarantee that producers and writers will resume talks, but it's the first sign of movement in a stalemate between the Alliance of Motion Picture and Television Producers and the WGA since early May when the strike began. Tens of thousands of actors joined the picket lines last month, bringing Hollywood productions to a standstill and marking the first simultaneous actors' and writers' strikes since 1960.

Persons: Carol Lombardini, we've, Fran Drescher, Duncan Crabtree Organizations: Walt Disney Studios, Writers Guild of America, Hollywood, Guild of America, Alliance, Television Producers, WGA, American Federation of Television, Radio Artists, SAG Locations: Burbank , CA

☆ From Washington to Warsaw, a ‘greenlash’ is picking up steam despite extreme heat
▼ + stars: | 2023-08-01 | by ( Sam Meredith | ) www.cnbc.com time to read: +7 min

A pushback against climate policies is not just a U.S. issue. Reprisals over climate policies come at a time of record-breaking extreme heat across the globe, with July poised to be the hottest month in human history. Ruling party leader Jarosław Kaczyński described the bloc's green policies as "madness" and akin to "green communism." "At the moment, it looks like green parties are not doing going fantastically well. "The IRA is called an IRA, it is not called a climate act because there's no way that you could get Democrats and Republicans to agree on something called climate," Tocci said.

Persons: Henry Nicholls, Ron DeSantis, DeSantis, ESG, —, Kevin McCarthy, Drew Angerer, Nathalie Tocci, Tocci, U.N, António, Sadiq Khan's, Jarosław Kaczyński, Emmanuel Macron, Alexander De Croo, Ursula von der, Kenzo Tribouillard, Joe Biden's, Mark Rutte's, …, Jan Willem Erisman, Mateusz Morawiecki, Michal Hetmanski Organizations: Afp, Getty, Republican Gov, House, Biden, U.S, Capitol, Istituto, CNBC, Farmer, Movement, Internazionali, Belgian, Belgium's, IRA, BBB, Farmers, Anadolu Agency, Getty Images, Leiden University Locations: London, Marble, U.S, Europe, Florida, Washington ,, Italian, Poland, Ostend, European, Netherlands, The Hague, Polish, Warsaw

☆ How a college football quarterback with 36,000 Instagram followers scored more than 30 brand deals and made himself the go-to voice for NIL
▼ + stars: | 2023-07-31 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +15 min

Chase Griffin has more than 30 brand deals, and his recent ones are mostly multi-year partnerships. Chase Griffin. 1st College Athlete Brand Ambassador for the largest/most powerful bank in the world. JP MOrgan Chase 1st College Athlete Brand Ambassador. "NIL & Athlete Brands: A NewEra", November 22, 2022.

Persons: Chase Griffin, Griffin, JPMorgan Chase, he'll, influencers, Chase Griffin Griffin, Griffin doesn't, He's, that's, I've, Page, JP Morgan Chase, Lucchese Bootmaker, Frances https, JP MOrgan, Chase Griffin Chase Griffin, Chase, Lucchese, Ed, Arthur Ashe Jr Organizations: UCLA, Gatorade Football, University of California, DirecTV, Foods, JPMorgan, LA Regional Food Bank, Bloomberg, LinkedIn, Boost Mobile, LA Food Bank, DMs, Twitter, JPMorgan Chase, Range Media Partners, WGA, SAG, Brands, ucla, Creative, Banking, Chase Bank, Morgan Wealth, Bank, Champs, Urban Outfitters, United States Polo Association, Lucchese, Hollywood, Marketing, UWG, UC Investments Academy, Fund Public Service, Regional Food Bank, Empowerment, Sports, Entertainment, Beach, Sports Rights, Cannes, Creativity, Cannes Lions, College Football Hall of Fame, Association, Conference, 1st, Financial, JP MOrgan Chase, Brand, of College Athletics, Rose Bowl, Community, Royce, True Bruin, Town Hall, Sports Innovation, Chase Center, NV, Regents, Brand Innovators, College, Los Angeles Times, ESPN, Unilever, Shell, Rose Bowl Stadium, Los Angeles Regional Food Bank, Leadership Team, Council, Range, WPP, University of California Investments, UC, Santa Monica Hospital, Public Affairs, Leadership, UCLA Law, National Football Foundation, Pro Football Hall of Fame, Texas High, Gatorade Locations: Texas, Los Angeles, Opendorse, Instagram, Hollywood, CA, Cannes, Atlanta, Carlsbad, Los Angeles , CA, Pasadena, Los Angeles CA, San Francisco , CA, Los Angeles ,, Las Vegas, United

☆ Feds vote to reduce bottlenecks in connecting new power sources to the energy grid
▼ + stars: | 2023-07-31 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +9 min

Also, power generators will have to meet certain requirements to keep their place in the queue, including a financial deposit. Deadlines and penalties for transmission providers: Transmission providers will have strict deadlines to to respond to power generators waiting in the queue, and will face penalties if they miss those deadlines. Also, power generators will be able to add a source of power to a single interconnection request. It can be so expensive to build new transmission, sometimes power generators can't afford the cost and have to cancel their power generation plans completely. Also, power generators wait for an average of five years in these queues because grid operators are flooded with interconnection queue applications.

Persons: Jeffrey Lamb, LADWP, Al Seib, George Rose, Rob Gramlich, Gramlich, Joseph Rand, Rand, Gregory Wetstone Organizations: Sylmar, Pacific DC, Los Angeles Department of Water, Los Angeles Times, Getty, Aera Energy, CNBC, Lawrence Berkeley National Laboratory, FERC, Vw, American, Renewable Energy Locations: Columbia, Oregon, California, Southern California, Angeles, Los Angeles , CA, CA, San Joaquin Valley, McKittrick , California, North, Lost, Kern County, Bakersfield, United States, Milford , Utah, Milford, Smithfield, ACORE

☆ Saudi bourse extends losses on profit-taking; Egypt gains
▼ + stars: | 2023-07-30 | by ( Ateeq Shariff | ) www.reuters.com time to read: +1 min

July 30 (Reuters) - Saudi Arabia's stock market ended lower on Sunday, extending losses from the previous session on profit-taking, while the Egyptian index ended five sessions of losses. Saudi Arabia's benchmark index (.TASI) dropped 0.5%, weighed down by a 2.5% fall in Riyad Bank (1010.SE), while Saudi Awwal Bank (1060.SE) retreated 3.8%. On the positive side, National Shipping Company of Saudi Arabia (4030.SE) advanced more than 4% after posting a sharp rise in second-quarter net profit. In Qatar, the index (.QSI) gained 0.5%, led by a 2.7% rise in petrochemical maker Industries Qatar (IQCD.QA). ($1 = 3.7505 riyals)Reporting by Ateeq Shariff in Bengaluru Editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Ateeq, Christina Fincher Organizations: Saudi, Riyad Bank, Saudi Awwal Bank, National Shipping Company, Industries Qatar, Eastern Company, Thomson Locations: Saudi, Saudi Arabia, Qatar, Ateeq Shariff, Bengaluru

☆ Scorching temperatures are making delivery a dangerous job — and it's only getting worse
▼ + stars: | 2023-07-26 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +10 min

Even outside the hottest US states, heat that delivery workers aren't used to can be dangerous. Several delivery driver deaths have triggered changes. In recent years, delivery drivers reporting heat-related illnesses were second only to construction workers, according to OSHA statistics reported by E&E News. The 2022 death of 24-year-old Esteban Chavez, a UPS driver in Southern California, made national headlines. But his death came less than a year before the International Brotherhood of Teamsters, which represents UPS workers, began re-negotiating its contract with UPS.

Persons: aren't, Jeff Goodell, Goodell, Shawndu Stackhouse, Tom Williams, Esteban Chavez, AccuWeather, Chavez wasn't, wasn't, Chavez, Spencer Platt, it's, James Daniels, San Clemente , CA, Irfan Khan, Greg Abbott Organizations: FedEx, heatwave, OSHA, E, D.C, Inc, Getty, Brotherhood of Teamsters, UPS, —, Los, Los Angeles County Coroner's, Labor Department, of Occupational Safety, Health, Broadway, New York City, Postal Service, it's, Los Angeles Times, Amazon, Texas Gov Locations: Portland, Yosemite, Vermont —, Northeast Washington, Northern California, Southern California, Pasadena , California, Los Angeles County, California, New york City, New York, Texas, San Clemente ,, New York City

☆ They don’t act or write, but the Hollywood strikes are putting them out of work
▼ + stars: | 2023-07-22 | by ( Natasha Chen | ) edition.cnn.com time to read: +8 min

Elyea, and other small business owners have told CNN about the various ways they’re getting through the dry spell: cutting hours, laying off staff, or temporarily closing their doors. And you know, don’t be buying cars having to make big car payments, and don’t be making big plans with money you don’t have,” she told them. “I know I can get through it, but it takes years to recover,” Levelle told CNN in early July. Natalia Lopez told CNN in June that without her $20.74 per hour wage, she had shifted her grocery list to just basics, like rice and beans. Cendejas told CNN the studios should recognize the people essential at every level to get the work done.

Persons: Los Angeles CNN —, Milken, Remy De La Mora, Patrick Gallagher, Oppenheimer, Pam, Pam Elyea, she’s, ” Elyea, don’t, Pam Elyea Elyea, She’s, “, Elyea’s, Corri Levelle, Sandy Rose Floral, Natasha Chen, CNN Corri Levelle, ” Levelle, ”, Natalia Lopez, Lopez, Yolanda Cendejas, Cendejas, ” Yolanda Cendejas, CNN Cendejas, ” Cendejas, Chester Massetti, Victor Jr’s, you’re, ” Massetti, Massetti, Rosie Blosser, ” Blosser, Blosser Organizations: Los Angeles CNN, Hollywood, Writers Guild of America, SAG, Global, Hire, CNN, WGA, Sandy, SEIU United Service Workers, SEIU, Sony Studios, Amazon Studios, Paramount Studios, Culver City, Warner Bros, Washington, Apple, Warner Bros . Locations: North Hollywood, Los Angeles, Culver City, Culver, Burbank , CA

☆ Fact Check-Georgia mason-run missing kids program does not involve microchipping minors
▼ + stars: | 2023-07-19 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

An initiative by freemasons called the Georgia Child Identification Program states it helps parents collect basic information about their children in an identification kit in case they were to go missing. There is no evidence the program, also known as GACHIP, involves inserting microchips in minors, contrary to social media posts. Similar masonic initiatives in Missouri and Ontario, in Canada, clarify their programs do not involve microchipping children (mochip.org/faq/), (www.masonichip.ca/newsList.php). (here)The Grand Lodge of Georgia and the GACHIP did not respond to a request for comment. A Georgia masons’ program called the Georgia Child Identification Program (GACHIP) helps parents put together an identification kit with basic information about their children.

Persons: Kit ”, Read Organizations: freemasons, Reuters, National Center for, of Locations: Georgia, Missouri, Ontario, Canada, of Georgia

☆ Amazon leaders are worried that a 'Day 2' mindset is seeping in at the company
▼ + stars: | 2023-07-16 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

Selipsky does work at a "big company" of course, but he doesn't want Amazon to feel that way. At Amazon, it's always supposed to be "Day 1," the dawn of a new era where the customer comes first and bold bets are backed. Selipsky said in the staff meeting that Amazon has to keep the mentality that "we are going to be the insurgents." Economic update: I wrote a week ago that the dream scenario for the economy was looking more likely by the day. More than 30 people involved in the tech industry told us the real problem was lazy managers.

Persons: Adam Selipsky, it's, Insider's Eugene Kim, Selipsky, that's, Andy Jassy, let's, Arantza Pena, —, David Clapp, Insider's Adam Rogers, Rogers, Phil Rosen, George Mickum Mike Vitelli, George Mickum, he'd, Birkin, Mitchie Nguyen, Matt Turner, Hallam Bullock, Lisa Ryan Organizations: AWS, Federal Trade Commission, San, Getty, Google, LinkedIn Locations: San Francisco San Francisco ,, San Francisco, Manhattan

☆ A Canadian lake best charts humanity’s impact on Earth
▼ + stars: | 2023-07-15 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

Fossils embedded in rock reveal intriguing details about animals, plants and other life-forms that once called Earth home. ConsequencesCrawford Lake in Ontario is the geological site that best reflects a new epoch recognizing the impact of human activity on Earth, said geologists of the Anthropocene Working Group. The Anthropocene Working Group determined in 2016 that the epoch began around 1950 — the start of the era of nuclear testing. The international research group says that Crawford Lake in Ontario best charts humanity’s impact on Earth. Back then, it took 10 hours to relay a single image to Earth — incredibly slow by today’s standards.

Persons: Crawford, they’ve, Amenhotep III, didn’t, Philippe Martinez, Mona Lisa of Egypt, Thais Rabito Pansani, —, Webb, Ashley Strickland, Katie Hunt Organizations: CNN, Conservation, Scientists, MAFTO, Sorbonne University, NASA Mariner, Mariner, NASA Jet Propulsion, CNN Space, Science Locations: Ontario, Brazil, South America, Americas

May enroll in U.S. Bank Smart Rewards if you meet certain requirements Cons Dash icon A dash. Savings Account 3.75 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Annual Percentage Yield (APY) 0.03% Minimum Deposit Amount $25 Fees $1 Start savingSantander® Bank, N.A. Savings Account 3.75 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Annual Percentage Yield (APY) 0.03% Minimum Deposit Amount $25 Fees $1 View Full Details Start saving On Santander Bank's site. Low APY Dash icon A dash. $5 maintenance fee per quarter if you don't have at least $5 in your account Dash icon A dash.

Persons: Juntos, Wells, You'll, APY, Del, Garland, Weslaco, Adams, PAHO, it's, that's, Pablo DeFilippi, Juntos Avanzamos, DeFilippi, Banks, you'll, NCUA Organizations: Bank of America Bank of America, of America, FDIC Bank of America, Bank of America, Chevron, Dominican, . Department of State Diplomat, Insider's Bank of America, Wells, Wells Fargo Bank, U.S . Bank U.S . Bank, Bank, . Bank, FDIC, Bank Smart, Savings, TN, WY, Reading Chevron, U.S, Consular, Santander Bank Santander ® Bank, N.A, Santander ® Bank, Santander, Santander Bank, Insider's Santander, Fifth Third Bank, Third Express Banking, Fifth, Third, Hope Credit Union Hope Credit, Hope Credit, Credit, Hope Credit Union, River City Credit Union, Federal Credit Union, City Federal Credit Union, River City Federal Credit, City Federal Credit, Guadalupe Credit Union Guadalupe Credit Union, Guadalupe Credit Union, Guadalupe Credit, Tucoemas Credit Union, Federal Credit, Tucoemas Federal, Tuceomas Federal, NCUA, JetStream, JetStream Credit, Hope, North, North Jersey Federal Credit Union North, North Jersey Federal Credit Union North Jersey Federal Credit Union, Jersey Federal Credit Union, North Jersey Federal Credit, Union Counties, Rio Grande Credit, Rio, Brooklyn Cooperative, Brooklyn Cooperative Brooklyn Cooperative, Brooklyn, Brooklyn Cooperative's, Border Federal Credit Union Border Federal Credit Union, Border Federal Credit, Sutton, Caprock Federal Credit Union, Federal, Caprock Federal, Coastal, Federal Credit Union Coastal Community Federal, Coastal Community Federal, Coastal Community Federal Credit, FirstLight Federal Credit Union, FirstLight Federal, Bliss, Union, One, Rocket Federal Credit Union, Security, Credit Union Security First Credit, Credit Union, Star, Texas Credit Union Star of Texas Credit, Texas Credit, Star of Texas Credit, DC Credit Union DC Credit, DC Credit, American, Washington DC, DC, WHO, Union PAHO, WHO Federal Credit Union, PAHO, Pan American Health Organization, World Health Organization, CORE, Georgetown University, Georgetown Unversity, US Citizen, Inclusiv, Community Locations: Dominican Republic, Colombian, Wells Fargo Wells, Wells Fargo, AZ, CA, IA, KS, KY, MN, NV, NM, NC, UT, WA, WI, Santander Bank's, Santander, Mexican, Midwest, LA, Alabama , Arkansas , Louisiana , Missouri, Tennessee, River City, City, River, San Antonio , Texas, Bexar County, New Mexico, Santa Fe, Espanola, Mora , Taos, Rio Arriba , Taos , Torrance, San Miguel, Colfax, Mora County, Tucoemas, California, Visalia, Tulare, Porterville, Tulare County , California, Miami , Florida, Puerto Rico, North Jersey, North Jersey Federal Credit Union North Jersey, Jersey, American, New Jersey, Totowa, Newark, Elmwood, Bergen , Essex, Hudson , Middlesex, Morris , Passaic, Rio Grande, Albuquerque, Rio Rancho, Bernalillo County, Sandoval County, Brooklyn Cooperative Brooklyn, New York, Bushwick, Bedford, Stuyvesant, Brooklyn, Chevron, Texas, Del Rio, Eagle, Crystal City, Crockett, Dimmit, Edwards, Frio, Kinney, LaSalle, Maverick, Real, Terrell, Uvalde, Val Verde, Zavala, Caprock, Seminole, Borden County, Dawson County, Lynn County, Gaines County, Garza, Galveston , Texas, Galveston County, FirstLight, El Paso , Texas, Las Cruces , New Mexico, El Paso County, Dona Ana, Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, Wilson, Carrollton, Cedar Hill, Dallas, Irving, Houston, Mesquite, Garland, Dallas County, Houston County, McGregor , Texas, Brownsville, Edinburg, Harlingen, McAllen, Mission, San Benito, Eastside San Antonio, Odessa, Midland, Midland County, Ector, Austin , Texas, Travis County, Washington, Adams Mortgan, Mt Pleasant, Columbia, Georgetown

☆ These ancient Egyptian paintings were hiding a secret
▼ + stars: | 2023-07-13 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +8 min

Explore the universe with news on fascinating discoveries, scientific advancements and more.CNN —Researchers using a cutting-edge technique have discovered hidden details in two ancient Egyptian paintings in the Theban Necropolis, near the River Nile, that date back more than 3,000 years. Using portable chemical imaging technology, the researchers identified alterations made by the artists that are rare in Egyptian paintings, commonly thought to be the product of highly formalized workflows. We want to understand how these paintings were made.”X-ray fluorescence in chemical imaging technology helps to reveal alterations made in Egyptian tomb paintings that may not seem obvious to the naked eye. “It demonstrates the potential value of quantitative data, obtained through scientific analysis, for a more comprehensive and less subjective interpretation of ancient Egyptian art,” she said. “And the adaption of portable (X-ray) instruments as mobile devices designed for use in the field is a very exciting advancement in the study of ancient Egyptian wall paintings.”

Persons: ”, Philippe Martinez, Amenhotep III, Mona Lisa of Egypt, ” Martinez, “, Menna, Osiris, Ramesses II, Martinez, I’m, ” Joann Fletcher, Lorelei Corcoran Organizations: CNN —, Sorbonne University, MAFTO, UK’s University of York, of Egyptian Art, University of Memphis Locations: Paris, Egypt, Menna, Luxor, Tennessee

☆ Lawmakers tussle over GOP efforts to thwart ESG investing
▼ + stars: | 2023-07-12 | by ( Chelsey Cox | ) www.cnbc.com time to read: +4 min

WASHINGTON — House lawmakers clashed Wednesday over federally mandated environmental, social and governance disclosure requirements for companies rolled out amid concerns over growing climate disasters. The GOP majority committee members decried the disclosure rules as part of a broader push to discourage ESG investing nationwide. Democrats defended them as necessary to promote responsible investing to reduce inequities and curb climate change. "These politically motivated regulations not only discouraged private companies from going public but also hinder the competitiveness of American public companies." Democratic Rep. Maxine Waters, meanwhile, criticized Republicans' attempts to undermine what she called the federal government's responsibility to hold public companies accountable for ESG.

Persons: Patrick McHenry, Maxine Waters, David Marcus, Facebook’s Calibra, Biden, Waters, Gary Gensler, Joe Biden, Andy Barr, Benjamin Zycher, Zycher, Juan Vargas, Vargas Organizations: Financial, Consumers, Investors, American, WASHINGTON —, Republican, Financial Services, GOP, Securities and Exchange, SEC, Democratic, ESG, European Union, Labor Department, Republicans, American Enterprise Institute Locations: Washington , U.S, McHenry, R, Ky

☆ SEC to vote on new money-market rules Wednesday that industry opposes
▼ + stars: | 2023-07-12 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

The SEC is expected to vote on new rules for money-market funds Wednesday. Increase in liquidity requirements Most money market funds invest exclusively in cash or government securities. Some, known as "prime" money market funds, also invest in commercial paper. All are subject to liquidity requirements (some assets have to be readily convertible to cash), including levels of daily and weekly liquidity requirements. The Securities Industry and Financial Markets Association (SIFMA), an industry trade group, wrote to the SEC, expressing "substantial concerns" about the liquidity requirements.

Persons: Jon, Luc Dupuy, SIFMA, Kenneth Bentsen, Brad Sherman, Sherman, Dupuy, redemptions Organizations: SEC, Federal, Bloomberg, CNBC, Asset Management, Investment Funds, Securities Industry, Financial Markets Association

☆ Bearer of rare 'One Ring' card from 'Lord of the Rings' lore could fetch $2 million and face hefty tax bill
▼ + stars: | 2023-07-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

And the ring bearer — if they choose to sell the "precious" — may owe a hefty tax bill on the profits. Marta Iwanek | Toronto Star | Getty ImagesThe Canadian who acquired The One Ring card would most likely pay tax on half their profits. If The One Ring card were sold for 2 million euros — which appears to be the current top bid — then 1 million euros (about CA$1.46 million) would be taxable. Total Canadian tax bill is 'subjective'But what's Canada's tax rate on the profits? (In reality, the effective tax rate would be slightly lower since Canada's income tax system is progressive, as in the U.S., experts said.

Persons: Elijah Wood, Frodo, Misty, Sauron, Mount Doom, —, Roger Perzan, Marta Iwanek, Plaskett, Howard Gleckman, it's, Scott Plaskett, John Oakey, Oakey, Sir Ian McKellen, Gandalf Organizations: Coast LLC, Canadian, Toronto Star, Getty, Urban, Brookings Tax Policy Center, Total Canadian, Chartered Professional Accountants Canada, Canada Revenue Agency Locations: Rivendell, Toronto, Canada, U.S, Ontario, Scott Plaskett Toronto

☆ Schumer urges FDA to probe Prime energy drink backed by YouTube stars Logan Paul and KSI
▼ + stars: | 2023-07-10 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

Logan Paul and KSI pose with Prime hydration bottles prior to a regular season game between the Arizona Diamondbacks and Los Angeles Dodgers on March 31, 2023, at Dodger Stadium in Los Angeles, CA. The brand offers a bottled hydration drink and a canned energy beverage, which is said is not intended for children. Several countries, including Australia, South Africa, the United Kingdom, Canada and New Zealand have already banned Prime Energy drinks or its caffeine-free version, Prime Hydration, in some schools. The company's lack of sufficient warnings about its caffeine content also invites scrutiny, he wrote. "This content and the claims made should be investigated, along with the ingredients and the caffeine content in the Prime energy drink."

Persons: Logan Paul, Brandon Sloter, Chuck Schumer, KSI, Schumer, Robert Califf, Red Bull, Califf Organizations: Arizona Diamondbacks, Los Angeles Dodgers, Dodger, Getty Images, WASHINGTON, Food and Drug Administration, YouTube, Futbol Club Barcelona, Energy, CNBC, Prime Energy Locations: Los Angeles , CA, Washington, Australia, South Africa, United Kingdom, Canada, New Zealand

☆ E-commerce experts say these 4 checkout mistakes may hurt your business' bottom line
▼ + stars: | 2023-07-10 | by ( Sponsor Post | Created Insider Studios With Paypal | ) www.businessinsider.com time to read: +9 min

But many customers still witness challenges during and after checkout, including false declines and fraud. Below are four common checkout mistakes that enterprise e-commerce businesses make and how to avoid them. If those thresholds are too conservative, they can lead to false declines; if they're too liberal, they become more vulnerable to fraud. E-commerce merchants lost an estimated $11.1 billion in false declines last year. The machine learning models can distinguish between legitimate and fraudulent transactions to reduce false declines.

Persons: they're, Cindy Turner, Turner, Chargebacks, PayPal Braintree6, Experian, Cartes Organizations: Enterprise, PayPal, PayPal Braintree, Merchants, Insider Studios, Accounting, Deloitte, Novarica, Naked, LexisNexis, DE Locations: PayPal Braintree, Risk, chargebacks, . CA

☆ Major business group slams disclosure rules as House Republicans probe ESG investing
▼ + stars: | 2023-07-10 | by ( Emily Wilkins | ) www.cnbc.com time to read: +2 min

WASHINGTON – As Republicans in the House dig in to investigate environmental, social and governance, or ESG, investing, a major industry group that represents thousands of companies is urging them to make reforms. The letter is addressed to committee Chairman Rep. Patrick McHenry, R-N.C., and ranking member Rep. Maxine Waters, D-Calif. The letter underscores the business muscle behind the GOP's battle against policies that back ESG investing. ESG investing has become a heated policy battleground. Progressive Democratic lawmakers have pushed back, arguing that considering ESG makes investors more aware of potential risks and opportunities.

Persons: Patrick McHenry, Maxine Waters, David Marcus, Facebook’s Calibra, McHenry, ESG Organizations: Financial, Consumers, Investors, American, WASHINGTON –, National Association of Manufacturers, Financial Services Committee, SEC, CNBC, NAM, Johnson, Exxon Mobil, Pfizer, Progressive Democratic Locations: Washington , U.S, R

Santa Ana, CA - May 26: An airplane prepares to be loaded as passengers make their way to their gates during the Memorial Day weekend getaway at John Wayne Airport Orange County in John Wayne Airport, Santa Ana, CA on Thursday, May 26, 2022. "Now Boarding" is a videocast about air travel and the business of flying. CNBC airlines reporter Leslie Josephs and CNBC senior producer Erin Black delve into topics like turbulence, airline status, boarding, jumbo jets and all things aviation. Watch this episode and others on CNBC's YouTube channel. On this episode of "Now Boarding," CNBC discusses why airplane boarding can be so complicated and what airlines are doing to make it faster.

Persons: Leslie Josephs, Erin Black Organizations: John Wayne Airport, CNBC, YouTube Locations: Santa Ana , CA, John Wayne Airport Orange, John

☆ Most Gulf markets gain; Egypt extends losses
▼ + stars: | 2023-07-09 | by ( Ateeq Shariff | ) www.reuters.com time to read: +1 min

July 9 (Reuters) - Most stock markets in the Gulf ended higher on Sunday in response to Friday's rise in oil prices, while the Egyptian index extended losses for a fourth session. In Qatar, the index (.QSI) gained 0.3%, led by a 1.8% increase in telecoms firm Ooredoo (ORDS.QA). Outside the Gulf, Egypt's blue-chip index (.EGX30) slid 3.2%, extending losses for a fourth session, as foreign investors continue to sell amid difficult economic conditions locally and internationally. Almost all the stocks on the index were in negative territory including Misr Fertilizers (MFPC.CA), which retreated about 18%. Reporting by Ateeq Shariff in Bengaluru; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

Persons: Dr Sulaiman Al, Ateeq, Alison Williams Organizations: Habib Medical Services, OPEC, Thomson Locations: Saudi, OPEC, Qatar, Ateeq Shariff, Bengaluru

☆ California, truck manufacturers strike deal on emissions rules
▼ + stars: | 2023-07-06 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

[1/2] Tesla's new electric semi truck is unveiled during a presentation in Hawthorne, California, U.S., November 16, 2017. REUTERS/Alexandria Sage/File PhotoWASHINGTON, July 6 (Reuters) - California state air regulators and truck and engine manufacturers said on Thursday they had reached an agreement on state emissions rules that will give companies more flexibility to meet requirements. The California Air Resources Board (CARB) said the "Clean Truck Partnership" with the Truck and Engine Manufacturers Association (EMA) includes new flexibility for manufacturers to meet emissions requirements while reaching state goals for reducing emissions. Newsom said "today truck manufacturers join our urgent efforts to slash air pollution, showing the rest of the country that we can both cut dangerous pollution and build the economy of the future." California said Thursday it agreed to modify elements of the 2024 NOx emission regulations for which manufacturers will provide offsets to maintain California emission targets.

Persons: Gavin Newsom, Newsom, Jed Mandel, David Shepardson, David Gregorio Our Organizations: REUTERS, WASHINGTON, California Air Resources Board, Manufacturers Association, U.S . Environmental Protection Agency, Twitter, Cummins, Daimler Truck North, Ford Motor, General Motors, Hino Motors, Volvo Group North America, EPA, Thomson Locations: Hawthorne , California, U.S, Alexandria, California, CA

24/7 phone support Check mark icon A check mark. Perks such as roadside assistance, ID theft aid, cell phone protection, and more Check mark icon A check mark. Earn up to $30 per month in out-of-network ATM refunds, depending on tier level Check mark icon A check mark. No monthly fee for the first 12 months, with recurring monthly deposits of $25 Check mark icon A check mark. Mobile check deposit Check mark icon A check mark.

Persons: —, you've, Wells, Banks, Foster, Ally, you’ll, Charles Schwab, Chase, Wells Fargo Organizations: Service, Bank of America, Credit Union, Chevron, Alliant Credit Union, Express, American Express, FDIC, Reading Chevron, Axos, Axos Bank, Blue Federal, Blue Foundation, NOVA, Capital, Schwab, Savings, Chase Bank, Overdraft, Chase, locator.chase.com, Green, Banking, The Bancorp Bank, Stride Bank, N.A, CIT Bank, Bank, FDIC CIT Bank, CIT, Connect, Citi, Member FDIC Citi, BBB, Consumers Credit, Credit, Consumers Credit Union, Delta Community Credit, Community Credit, Utah Free, Discover, Discover Bank, FDIC Discover, Falcon International, International, Falcon International Bank, International Bank of Commerce, American, Laredo Federal Credit Union, Latino Community Development Center, North Carolina, Community Credit Union, Latino Community Credit, Navy Federal Free, Federal Free, NCUA Navy Federal Free, Navy Federal Credit Union, Department of Defense, Premier, LifeGreen, Regions Bank, City Federal Credit, River City Federal Credit, Federal Credit, City Federal Credit Union, Employees Credit, NCUA, State Employees Credit Union, Member, Service Credit Union, American Consumer, Security, Security Service, UT, Stripes, Security Service Credit Union, The Security, Synchrony Bank, . Bank, U.S, Bank's Locations: Chevron, Colorado and Wyoming, NY, LA, TX, VA, NJ, Washington, Alaska, Hawaii, Puerto Rico, CA, CT, FL, Chicago , Illinois, eDocuments, Metro Atlanta , Georgia, Kentucky , Texas, Georgia, Texas, AZ, Arizona , California, Colorado, Oklahoma, Laredo, North Carolina, Charlotte, Piedmont Triad, North, American, City, River City, River, San Antonio , Texas, Bexar County, Europe, New Hampshire, Massachusetts, Colorado , Texas, Utah

Search resuls for: "CA"

25 mentions found