DIRS.INFO The most relevant business & tech news

☆ 3 common cover letter mistakes—and how to fix them: One ‘takes literally less than a minute’
▼ + stars: | 2023-03-22 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

"A cover letter is like a written introduction of yourself," says Gorick Ng, a Harvard career advisor and author of "The Unspoken Rules." Addressing it 'to whom it may concern'To begin with, it is critical to address your cover letter to an actual person instead of writing a generic "to whom it may concern." A lot of people don't submit a cover letter, and if they do, they go that non-specific route. "An easy way to customize your cover letter that takes literally less than a minute is to mention the company's name and to mention the job title," says Ng. Include these details in the first paragraph of the cover letter after you've introduced yourself.

☆ Goldman Sachs says this PC stock can jump 15% as demand recovers
▼ + stars: | 2023-03-20 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

His price target of $43 implies the stock will gain 15.5% over the next year from where it closed Friday. While he forecasted infrastructure solutions group revenue should fall 14% in fiscal 2024, it should grow 4% in fiscal 2025 and beyond. Client solutions groups revenue should also fall 14% in fiscal 2024 before posting 3% growth in fiscal 2025 and 1% in fiscal 2026. The long-term financial model also remains strong with revenue growth between 3% and 4% and per-share earnings growth of at least 6%, Ng said. Ng also said the company's the price-to-earnings ratio of 7 over the next 12 months makes the stock attractive.

☆ Taser maker Axon Enterprise shares are up for an eighth-straight year. Here's what's driving the gains
▼ + stars: | 2023-03-19 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

One stock that's bucking all macro concerns in 2023, and has been for years, is Taser maker Axon Enterprise . Axon shares are up nearly 30% this year, putting them on track for their eighth consecutive annual gain. While other smaller firms offer these products, Axon has been snatching up market share as it leverages its relationship with law enforcement. The Taser maker has a customer relationship with roughly 17,000 out 18,000 U.S. law enforcement agencies, according to a note this month from Goldman Sachs . The firm also has dedicated sales representatives for 1,200 for the largest agencies, which represent 70% of law enforcement patrol officers.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Casetify turned custom phone cases into $300 million a year in salesCasetify's personalized phone cases are endorsed by celebrities like Kylie Jenner, and the Hong Kong-based company partners with global brands like Disney and NASA, but success wasn't always easy. Here's how millennials Wesley Ng and Ronald Yeung turned Instagram photos into a company bringing in $300 million a year.

☆ Canada should support startups after SVB collapse, says lobby group
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +2 min

TORONTO, March 16 (Reuters) - A lobby group for Canada's venture capital and private equity funds is asking Prime Minister Justin Trudeau's government to provide emergency financing to help startups hit by the collapse of Silicon Valley Bank (SVB), according to a letter seen by Reuters on Thursday. Spokespeople for Ng and Finance Minister Chrystia Freeland's office could not immediately be reached for comment. Reuters reported on Monday that the sudden collapse of SVB could choke funding for Canada's technology start-ups and place them in the hands of domestic lenders who may be more selective. The letter also asked the government to instruct the Business Development Bank of Canada to deploy a bridge financing program similar to the one used at the outset of the COVID-19 pandemic. ($1 = 1.3755 Canadian dollars)Reporting by Maiya Keidan, additional reporting by David Ljunggren; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

People were sharing photos online from their phones. Since then, Casetify has sold more than 15 million phone cases, topping $300 million in annual revenue last year, according to the company. Early on, Ng sent messages to anyone he saw with lots of Instagram followers, asking if they wanted to turn their photos into customized phone cases. Casetify has also expanded its product offerings — which now include a variety of accessories beyond phone cases — and shifted away from only selling online. In 2018, Nordstrom started selling Casetify products before the startup opened its own retail store in Hong Kong in 2020.

☆ Canada is aiming to beat China in the critical race for rare earth metals
▼ + stars: | 2023-03-14 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

Canada is positioning itself as a solution for the many European governments that are looking to rely less on China for critical raw materials — which are essential for the manufacture of goods like electric cars. The G-7 member announced in December a plan to ramp up the production of these minerals, with Canada having one of the largest deposits. The European Union, and other parts of the world, are trying to be less dependent on China while also accelerating plans for a more sustainable economy. More broadly, there's a growing recognition by several governments that minerals and other raw materials are now a matter of national security. This has become a reality in the European Union, with Russia's invasion of Ukraine highlighting that the bloc had become solely reliant on one huge supplier.

☆ Canada trade minister encourages 'intense collaboration' with transatlantic partners on green tech
▼ + stars: | 2023-03-14 | 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 EmailCanada trade minister encourages 'intense collaboration' with transatlantic partners on green techCanada Trade Minister Mary Ng discusses the international race to develop and deploy renewable energy technologies and says she hopes protectionism isn't here to stay when it comes to green subsidies.

☆ 9 startup founders who banked with Silicon Valley Bank share where they're moving their money: 'We will not get caught like this again'
▼ + stars: | 2023-03-13 | by ( Samantha Stokes | Stephanie Palazzolo | Melia Russell | ) www.businessinsider.com time to read: +10 min

Silicon Valley Bank's failure has left startup founders scrambling for a new home for their money. Last Friday morning, the startup founder Mang-Git Ng zipped up the interstate before sunrise to a Silicon Valley Bank branch in St. Helena, in California's wine country. Ng's plight is similar to countless other founders following the failure of Silicon Valley Bank, who waited with bated breath over the weekend on whether they'd ever get their money back. DiversificationSilicon Valley Bank's collapse could forever change how startups stash their cash, at least two investors told Insider. Silicon Valley Bank had exclusivity clauses with some of its clients, according to a CNBC report, forcing them to use the firm for most or all of their banking services.

☆ Ex-Goldman banker Ng sentenced to 10 years in prison for 1MDB corruption case
▼ + stars: | 2023-03-10 | by ( ) www.cnbc.com time to read: +1 min

Ex-Goldman Sachs banker Roger Ng exits the Brooklyn Federal Courthouse after being sentenced for his part helping embezzle from Malaysia's 1MDB sovereign wealth fund, in Brooklyn, New York, March 9, 2023. Former Goldman Sachs banker Roger Ng was sentenced to 10 years in prison on Thursday, after he was convicted of helping loot billions of dollars from Malaysia's 1MDB sovereign wealth fund. The charges stem from some $6.5 billion in bonds that Goldman helped 1MDB, which was founded to finance development projects in Malaysia, sell in 2012 and 2013. U.S. prosecutors said $4.5 billion of that sum was embezzled by officials, bankers and their associates, in one of the biggest scandals in Wall Street history. Funds were used to buy high-end real estate, jewelry and artwork, and finance the Hollywood film, "The Wolf of Wall Street," according to the Department of Justice.

☆ Markets did not overreact to Bank of Japan chief Kuroda's final meeting, analyst says
▼ + stars: | 2023-03-10 | 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 EmailMarkets did not overreact to Bank of Japan chief Kuroda's final meeting, analyst saysJeff Ng of MUFG Bank says markets were "slightly disappointed," and the dollar-yen was still below the 137 level.

☆ Former Goldman Sachs Banker to Be Sentenced for 1MDB Scandal
▼ + stars: | 2023-03-09 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

Roger Ng, in blue shirt, says he isn’t guilty but has accepted the jury’s verdict. A former Goldman Sachs Group Inc. banker is set to be sentenced Thursday for helping to loot billions of dollars from a Malaysian sovereign-wealth fund in a global financial scandal that tarnished the Wall Street bank. Roger Ng , a 51-year-old Malaysian national, was convicted last year in a New York federal court in Brooklyn of conspiring with a well-connected financier and a former Goldman partner to pay off officials to win lucrative business deals with 1Malaysia Development Bhd., a state-controlled economic-development company known as 1MDB.

☆ Former Goldman Sachs Banker Sentenced to 10 Years in Prison for 1MDB Scandal
▼ + stars: | 2023-03-09 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

Roger Ng, in blue shirt, says he isn’t guilty but has accepted the jury’s verdict. A former Goldman Sachs Group Inc. banker was sentenced Thursday to 10 years in prison for helping to loot billions of dollars from a Malaysian sovereign-wealth fund in a global financial scandal that tarnished the Wall Street bank. Roger Ng , a 51-year-old Malaysian national, was convicted last year in a New York federal court in Brooklyn of conspiring with a well-connected financier and a former Goldman partner to pay off officials to win lucrative business deals with 1Malaysia Development Bhd., a state-controlled economic-development company known as 1MDB.

☆ Job search stalled? Here are the resume, interview and networking tips you need to get back on track
▼ + stars: | 2023-03-09 | by ( Cindy Perman | ) www.cnbc.com time to read: +5 min

Or have you embarked on a new job search full of optimism only to have it stall out? Are you unable to start your job search? If you're having trouble achieving liftoff, getting your job search started, Fisher recommends asking yourself a few questions:What are you avoiding? "But we don't really walk ourselves through that so we're like, 'Agh! "A successful job search is all about navigating your way to the intersection of what you want and where you have the best odds of landing a position," Ng said.

☆ Ex-Goldman banker sentenced to 10 years prison in 1MDB corruption case
▼ + stars: | 2023-03-09 | by ( ) edition.cnn.com time to read: +3 min

Former Prime Minister Najib Razak is serving a 12-year prison sentence after being convicted by a Malaysian court of receiving $10 million from a former 1MDB unit. He spent six months in a Malaysian prison before waiving his right to contest extradition to the United States in 2018. He pleaded guilty and testified against Ng as part of a cooperation agreement. Malaysian officials have said Low is in China, which Beijing denies. In October 2020, Goldman agreed to pay $2.9 billion and its Malaysian unit pleaded guilty to a corruption charge.

☆ Ex-Goldman banker Ng sentenced to 10 years prison in 1MDB corruption case
▼ + stars: | 2023-03-09 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

☆ Goldman Sachs says buy Taser maker Axon Enterprise, as greater oversight of police will drive demand
▼ + stars: | 2023-03-08 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

It's time to buy Axon Enterprise , Goldman Sachs said. "AXON's market leadership with TASER has resulted in deep customer relationships with state and local law enforcement (e.g., 17k of 18k US law enforcement agencies) and a highly valuable installed base of law enforcement personnel," Ng wrote to clients on Tuesday. Axon Enterprise shares are more than 33% higher this year, and outperformed with a more than 5% gain in 2022 as well. Amid growing calls for oversight of law enforcement, the analyst noted Axon should easily step in to meet greater demand for sensors such as body cameras, given its customer relationship with roughly 17,000 out 18,000 U.S. law enforcement agencies. The firm has dedicated sales representatives for 1,200 for the largest agencies representing 70% of law enforcement patrol officers, according to the note.

☆ Goldman Sachs says buy Juniper Networks, sees nearly 25% upside for the stock
▼ + stars: | 2023-03-07 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Investors should look beyond near-term headwinds to see the within Juniper Networks ' enterprise business, according to Goldman Sachs. Ng set a price target of $39, which implies an upside of 24.5% from where the stock closed Monday. Simon Dawson | Bloomberg | Getty ImagesInvestors should look beyond near-term headwinds to see the within Juniper Networks ' enterprise business, according to Goldman Sachs. Ng set a price target of $39, which implies an upside of 24.5% from where the stock closed Monday. Juniper Networks Inc JNPR ANALYST CONSENSUS 21 Ratings Hold 2 Strong Buy 2 Strong Buy 5 Buy 5 Buy 11 Hold 11 Hold 3 Underperform 3 Underperform 0 Sell 0 Sell 42.00 Highest Price Target Upside (14.43%) 35.85 Average Price Target 29.00 Lowest Price Target

☆ China's Li Keqiang announces lowest GDP target in decades amid major economic leadership overhaul
▼ + stars: | 2023-03-06 | by ( Laura He | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —China’s outgoing Premier Li Keqiang has announced the country’s lowest GDP growth target in decades, highlighting the domestic and global challenges the world’s second largest economy still faces despite its decision late last year to ditch draconian anti-Covid measures. It fell well short of the official growth target of “around 5.5%.”“Having declared the end of pandemic, the leaders are sticking to the slowing GDP growth path in the long term by lowering annual GDP target gradually,” said Ken Cheung, chief Asian foreign exchange strategist at Mizuho Bank. “Moreover, China has been downplaying the numeric GDP target and shifted to balance the quality since President Xi’s era,” he said. Premier Li also said the government would only raise fiscal spending by 5.6% this year, which is lower than the growth of 6.1% in fiscal spending in 2022. “After three years of pandemic [measures], it could be more than desirable for governments, especially the local governments, to restore fiscal resilience,” said Citi analysts.

☆ Goldman makes a big call on Apple that jibes perfectly with our long-term outlook
▼ + stars: | 2023-03-06 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

The growth of Apple's services revenue in recent years has fueled our enduring investment mantra: Own Apple, don't trade it. Apple shares rose 270.5% between Feb. 6, 2018 and Friday's close, far outpacing the S & P 500's roughly 50% advance over that period. Over the 12 months in which Goldman had a sell on Apple shares, the stock climbed about 89% . In particular, we appreciate the analyst's conviction in the company's services growth, which includes the App Store and Apple Music. As that base of active device users expands, the number of people who will pay for additional Apple services grows alongside it.

☆ Germany’s electricity headache has an M&A cure
▼ + stars: | 2023-03-06 | by ( George Hay | ) www.reuters.com time to read: +4 min

Sorting out a rickety power grid is an especially pressing issue in Germany, but luckily Scholz also has the means to act. Cutting carbon emissions means powering more cars and homes through zero-carbon electricity rather than fossil fuels. It has to transport electricity all the way from wind turbines in the northern regions to its southern industrial heartland, which means the power network is often overloaded. The German power network is also unusually complex. Germany’s historic dependence on Russian gas deepened its energy crisis last year, and underscored the risks of relying on foreign-owned critical assets.

☆ Goldman Sachs says Apple can rally more than 30% thanks to its services business
▼ + stars: | 2023-03-06 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Apple could get a big boost from its services business, according to Goldman Sachs. Ng said investors may be incorrectly focusing on slowing product growth, which masks what he sees as an opportunity for the company to expand its services business. He said improvements in the services business, paired with product innovation and growth in the base, should offset headwinds from reduced demand for phones, tablets and Macs. "The durability of Apple's installed base and the resulting revenue growth visibility from attaching more Services and Products is what underpins the recurring revenue - or Apple-as-a-Service - opportunity." Apple's services business should see an 11% compound annual growth rate through at least the end of fiscal 2026, Ng said, resulting in $117 billion in revenue compared with $78 billion in fiscal 2022.

☆ Ex-Goldman banker Ng deserves 15 years in prison, US prosecutors say
▼ + stars: | 2023-03-04 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +2 min

In his own sentencing request on Feb. 25, Ng asked that he be given no prison time and be allowed to return to Malaysia. He had spent six months in a Malaysian prison before waiving his right to contest extradition to the United States in 2018. Prosecutors said $4.5 billion of that sum was embezzled by officials, bankers and their associates, in one of the biggest scandals in Wall Street history. In October 2020, Goldman agreed to pay $2.9 billion and its Malaysian unit pleaded guilty to a corruption charge. Leissner pleaded guilty and testified against Ng as part of a cooperation agreement.

☆ Ex-Goldman banker Roger Ng deserves 15 years in prison after 1MDB scandal, U.S. prosecutors say
▼ + stars: | 2023-03-04 | by ( ) www.cnbc.com time to read: +1 min

Roger Ng, a former banker for Goldman Sachs Group, exits from federal court in New York, U.S. on May 6, 2019. In his own sentencing request on Feb. 25, Ng asked that he be given no prison time and be allowed to return to Malaysia. U.S. prosecutors on Friday urged a judge to sentence former Goldman Sachs banker Roger Ng to 15 years in prison after he was convicted of helping loot billions of dollars from Malaysia's 1MDB sovereign wealth fund. In October 2020, Goldman agreed to pay $2.9 billion and its Malaysian unit pleaded guilty to a corruption charge. Leissner pleaded guilty and testified against Ng as part of a cooperation agreement.

Hong Kong CNN —China has set an official economic growth target of “around 5%” for 2023, as it seeks to revive the world’s second largest economy after a year of tepid growth because of pandemic measures. The new figure was released Sunday alongside the opening of the annual gathering of the National People’s Congress (NPC), the country’s rubber-stamp legislature, in a government work report. Chinese Premier Li Keqiang speaks during the opening session of China's National People's Congress (NPC) at the Great Hall of the People in Beijing, Sunday, March 5. Ng Han Guan/APMoody’s Investors Service has since raised its China growth forecast to 5% for both 2023 and 2024, up from 4% previously, citing a stronger than expected rebound in the short term. Global growth will likely slow from 3.4% in 2022 to 2.9% in 2023.

Search resuls for: "Ng"

25 mentions found