DIRS.INFO The most relevant business & tech news

A Labor Department report showed producer prices unexpectedly fell in March as the cost of gasoline declined, and there were signs that underlying producer inflation was subsiding. Jobless claims were also favorable news for the Fed," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. Wall Street closed lower on Wednesday after data showed consumer prices rose at a slower-than-expected pace in March, however, core prices remained sticky and supported the case for another 25-basis point rate hike by the Fed in May. Analysts expect S&P 500 companies to record a profit decline of 5.2% in the first quarter, as per Refinitiv IBES data, in what could be their worst showing since the third quarter of 2020. Financial companies that are part of the S&P 500 are expected to report a profit growth of 4.3% in the first quarter.

☆ Stocks making the biggest premarket moves: Delta, First Solar, Steve Madden & more
▼ + stars: | 2023-04-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

United Airlines , American Airlines — Shares of other airlines also rose after Delta signaled strong demand for travel. The Wall Street firm boosted the stock's price target to $130, which implies 14% upside from Wednesday's closing price. The Wall Street firm said it expects Steve Madden to begin seeing stronger wholesale reorders in the second quarter. The Wall Street firm said growth in the drugs has "significantly outperformed" its expectations. The Wall Street firm said retail sales could be down close to 20% at U.S. dealers.

☆ Stocks making the biggest moves midday: Apple, Tesla, Netflix, Bed Bath & Beyond & more
▼ + stars: | 2023-04-13 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The Wall Street firm anticipates U.S. retail sales could be down close to 20%. The Wall Street firm said growth in the drugs has "significantly outperformed" its expectations. Alibaba — Shares of the Chinese e-commerce giant rose 2%, rebounding from a near 6% selloff in the previous session. Chipotle — Shares rose 1% after Citi said it was optimistic about the restaurant chain's earnings report later this month. They will look for insight on whether Tesla is planning more price cuts on key models such as the Model 3 and Model Y.

☆ Futures climb ahead of fresh inflation data
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +2 min

Wall Street closed lower on Wednesday after data showed consumer prices rose at a slower-than-expected pace in March, although core prices remained sticky, supporting the case for another 25-basis point rate hike by the Fed in May. ET (1230 GMT) is expected to show producer prices barely rose in March on a month-on-month basis, following a 0.1% contraction in February. Analysts expect S&P 500 companies to record a profit decline of 5.2% in the first quarter, according to Refinitiv IBES data, in what could be their worst showing since the third quarter of 2020. Financial companies that are part of the S&P 500 are expected to report a profit growth of 4.3% in the first quarter. ET, Dow e-minis were up 44 points, or 0.13%, S&P 500 e-minis were up 9.75 points, or 0.24%, and Nasdaq 100 e-minis were up 48.25 points, or 0.37%.

April 12 (Reuters) - Motorcycle maker Harley-Davidson Inc (HOG.N) said on Wednesday Chief Financial Officer Gina Goetter was leaving the company at the end of April, and toymaker Hasbro Inc (HAS.O) said she would take over as its finance chief. Harley issued a statement saying that Vice President, Treasurer David Viney will serve as interim CFO after Goetter's departure on April 28. Shares of the company were down 2.8% in extended trading after falling more than 6% on Wednesday. After cutting hundreds of jobs in 2020, Harley has either beaten or met Wall Street earnings forecasts in recent years, while navigating high inflation and supply chain constraints. Hasbro said Goetter will assume the role as CFO on May 18, succeeding Deborah Thomas at the company that makes Transformers action figures.

April 12 (Reuters) - Motorcycle maker Harley-Davidson Inc (HOG.N) said on Wednesday Chief Financial Officer Gina Goetter was leaving the company at the end of April to pursue another job. The Milwaukee-based company said Vice President David Viney will take over as interim CFO after Goetter's departure on April 28. Shares of the company fell 6.3% in extended trading. Before joining Harley, Goetter held top finance roles at meat company Tyson Foods Inc (TSN.N) and cereal maker General Mills Inc. (GIS.N)The company did not respond to a request for additional information. After cutting hundreds of jobs in 2020, Harley has either beaten or met Wall Street earnings forecasts in recent years.

☆ Four killed in blast targeting police vehicle in Pakistan's Quetta
▼ + stars: | 2023-04-10 | by ( Gul Yousafzai | ) www.reuters.com time to read: +2 min

QUETTA, Pakistan, April 10 (Reuters) - Four people were killed and fifteen injured in a bombing targeting a police vehicle in a marketplace in the southwestern Pakistani city of Quetta on Monday, a hospital official said. "The injured numbers reached fifteen, and four dead,” Wasim Baig, a spokesperson for the Quetta hospital, told Reuters. He said initial reports showed an improvised explosive device was planted in a motorcycle parked behind the vehicle. Two police officers who were sitting in the vehicle were among the dead, SSP operations Zohaib Mohsin Baloch said. Reporting by Gul Yousafzai in Quetta, Gibran Peshimam; Writing by Sakshi Dayal and Gibran Peshimam; Editing by Toby Chopra and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

☆ Inside the creation of Revolve's first-ever AI-generated billboards
▼ + stars: | 2023-04-07 | by ( Ryan Joe | ) www.businessinsider.com time to read: +4 min

Revolve's co-CEO said generative AI might lead to budgets shifting for future ad campaigns. What made these particular billboards different from other out-of-home creative is that they were developed using generative AI tools. Thanks to the generative AI explosion, anyone can create a piece of art just by typing in a prompt. Using generative AI to create high-quality images for ads, especially scaled to billboard size, is a huge challenge because it's difficult to control the final result. AI-generated billboard art RevolveThere are time and cost savings when using generative AI tools, Foiret said.

To report this story, Reuters contacted more than 300 former Tesla employees who had worked at the company over the past nine years and were involved in developing its self-driving system. The company requires car owners to grant permission on the cars’ touchscreens before Tesla collects their vehicles’ data. Reuters found that Tesla employees shared clips that captured sensitive and embarrassing personal moments. Tesla’s own data labelers initially worked in the San Francisco Bay area, including the office in San Mateo. According to several ex-employees, some labelers shared screenshots, sometimes marked up using Adobe Photoshop, in private group chats on Mattermost, Tesla’s internal messaging system.

☆ Italian police arrest four for stealing Leclerc's watch
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +1 min

ROME, April 4 (Reuters) - Italian police have arrested four people wanted in connection with the theft of a luxury watch from Ferrari's Formula One driver Charles Leclerc last year. Leclerc, who is from Monte Carlo, had his exclusive Richard Mille timepiece stolen from his wrist in the Italian seaside resort of Viareggio last April. The theft took place when the Formula One driver was approached by two people wearing motorcycle helmets who asked for a selfie. An investigative source said it was not yet possible to say if either of the watches found were the one stolen from Leclerc. Reporting by Cristina Carlevaro and Giselda Vagnoni; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

☆ Indonesia lowers VAT on electric vehicles to 1%
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +1 min

A VAT cut was also applied to some electric buses, it said. Indonesia is stepping up efforts to lure investment into domestic production of EV batteries and EVs to utilise its rich reserves of nickel, which is processed for battery production. Officials have been trying to attract investment from electric car makers such as Tesla and China's BYD Auto. South Korea's LG and Hyundai have already started constructing plants to assemble batteries and EVs in the Southeast Asian country. Indonesia said last month it would allocate 7 trillion rupiah ($466.70 million) in state funds to subsidise electric motorcycle sales through 2024.

☆ Electric cars I'd never buy, after driving 24 different models
▼ + stars: | 2023-03-29 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

I've driven more than 20 different electric vehicles. Those models are the the GMC Hummer EV, Nissan Leaf, and ElectraMeccanica Solo. GMC Hummer EVThe GMC Hummer EV Edition 1. Nissan LeafFast-charging the 2022 Nissan Leaf. 2023 Nissan Leaf.

☆ Vietnam artist in race to ensure 'heroic mothers' not forgotten
▼ + stars: | 2023-03-29 | by ( Minh Nguyen | ) www.reuters.com time to read: +2 min

[1/3] Vietnamese artist, Dang Ai Viet, paints a portrait of a woman as a part of her project, "heroic mothers of Vietnam", a term recognised by the Vietnam government for women who lost their husbands and sons to the Vietnam War, in Cao Lanh city, Dong Thap province, Vietnam, March 8, 2023. REUTERS/Thinh NguyenCAO LANH CITY, Vietnam, March 29 (Reuters) - On her trusty motorcycle, Vietnamese artist Dang Ai Viet travels around the Southeast Asian country in a quest to ensure that the thousands of women who suffered the loss of two or more loved ones during the Vietnam War are not forgotten. The 75-year-old has painted the portraits of 2,765 of the women, who are part of a group known in Vietnam as "heroic mothers", in recognition of their sacrifice during the war that ended in 1975. During the war, Viet was a guerrilla in the Mekong Delta for the Viet Cong, fighters who backed North Vietnam in the battle against the government of the then South Vietnam and its main ally, the United States. Some researchers have estimated about 3.8 million people were killed during the war, though estimates of the toll vary.

☆ Hedge funds are dumping these stocks most exposed to tight financial conditions
▼ + stars: | 2023-03-28 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

As the banking crisis unfolded, hedge funds turned bearish on financials and other stocks exposed to tightening credit conditions, according to Goldman Sachs. The smart-money cohort has sharply reduced net exposures to "Lending Sensitive Stocks" in the aftermath of the collapse of Silicon Valley Bank, according to Goldman's prime brokerage data. The hedge funds' long positions in those credit-sensitive companies divided by short positions — known as the long/short ratio — ended last week at 1.72, the lowest level in more than five years, the data said. Meanwhile, hedge funds have been dumping U.S. bank stocks amid the chaos with long/short ratio in that category standing at 1.28, near a 10-year low, Goldman said. The demise of Silicon Valley Bank left investors concerned that other regional banks might face similar balance sheet issues, a possible mismatch between long-dated assets and short-dated liabilities.

☆ Human rights court begins review of high-stakes El Salvador abortion case
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Mayela LopezSAN JOSE/SAN SALVADOR, March 22 (Reuters) - The Inter-American Court of Human Rights on Wednesday began hearing the historic case of a Salvadoran woman who was denied an abortion in 2013 despite doctors' calls to terminate her high-risk pregnancy. They recommended an abortion but would not perform the procedure given El Salvador's severe prohibition. Beatriz appealed to the Supreme Court and the IACHR, but the Salvadoran court rejected her request and in June 2013 she underwent a C-section. The court's public hearing, which is being held in San Jose, Costa Rica until Thursday, was marked by both anti-abortion protests and demonstrations of support for Beatriz. Reporting by Alvaro Murillo in San Jose and Nelson Renteria in San Salvador; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ Harley-Davidson's focus on bread-and-butter business can lift the stock by more than 30%, Morgan Stanley says
▼ + stars: | 2023-03-21 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

It's worth hopping on Harley-Davidson due to the company's focus on the core business and better-off consumer, according to Morgan Stanley. His price target of $50 implies the stock could gain 33.2% from where it closed Monday. HOG YTD mountain Harley-Davidson Jonas also said he's increased his optimism given Chairman and CEO Jochen Zeitz's focus on generating cash flow from the core motorcycle business, while simultaneously managing risks related to spun-off electric motorcycle maker LiveWire . Jonas said Zeitz's business has a "back to basics" approach that's proving useful amid lingering supply chain challenges and a changing consumer spending outlook. He said the 2022 spinoff of LiveWire allows Harley-Davidson to focus on perfecting its bread-and-butter business and catering to the core base rather than trying to expand reach.

☆ Stocks making the biggest premarket moves: Tesla, First Republic, UBS, Foot Locker and more
▼ + stars: | 2023-03-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading:Tesla — The electric vehicle maker rose 2% after Moody's assigned it a Baa3 rating and removed its junk-rated credit. First Republic — The beleaguered bank jumped nearly 19% in premarket trading, following a 90% plunge so far this month as investors focused on its large amount of uninsured deposits. Regional banks — Regional banks were also higher on the heels of First Republic's rise and as investors continued to digest the likelihood of expanded federal insurance. UBS — U.S.-listed shares of the Swiss-based bank were up 4%, a day after gaining 3.3% following its agreement to buy Credit Suisse for $3.2 billion. Foot Locker — Its shares rose more than 4% after Citi upgraded the retailer to "buy" from "neutral."

☆ Stocks making the biggest moves midday: Tesla, First Republic, KeyCorp, UBS and more
▼ + stars: | 2023-03-21 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

U.S. Bancorp rose nearly 8%. UBS — U.S.-listed shares of the Swiss-based bank gained 12% during midday trading following its agreement over the weekend to buy Credit Suisse for $3.2 billion. Roblox — Shares rose more than 3% after D.A. Emerson Electric — Shares added nearly 2% after Morgan Stanley said shares of the multinational tech company are too attractive to ignore. Exxon Mobil — The oil and gas giant's stock price gained 3% after Morgan Stanley said it likes the company's robust "competitive positioning."

☆ Meet some of the 'hot rodders' making classic gas-powered cars run on electric motors and batteries — see their coolest conversions
▼ + stars: | 2023-03-19 | by ( Alexa St. John | ) www.businessinsider.com time to read: +7 min

"We're seeing that more and more, as the next generation of hot rodders come up, that they do want to do an EV conversion. 1974 BMW 2002 5-Speed electric conversion Bring a TrailerThe proof? Gadget, who was featured in the "Revenge of the Electric Car" documentary, starts by taking batteries out of crashed Teslas. "You'll see electric cars actually beat gasoline cars with the same horsepower out of the gate, but when they're absolutely quiet, you'll lose some people," Drewry said. 1966 VW Bus 21 Window with a Netgain Hyper 9 motor and EV West’s bolt-in “6 pack” Tesla battery EV WestFor Bream, it's actually about prolonging legacy.

☆ Her Drag-Racing Dreams Ride on a Motorcycle
▼ + stars: | 2023-03-18 | by ( A.J. Baime | Photographs Kyna Uwaeme For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Dystany Spurlock , of Goldvein, Va., on her Buell National Hot Rod Association (NHRA) Pro Stock drag-racing motorcycle, as told to A.J. I have worked as an actor, a model and I drive a tractor trailer. One thing I have always wanted to do was race Pro Stock NHRA motorcycles, which is the top-ranked motorcycle drag-racing series in the world. I have been drag racing bikes for a long time at lower levels, and last year I was with a team and things were not going as planned. I learned through one of my sponsors about someone selling a Pro Stock team.

☆ Themed cruises are more popular than ever and it's leading to ships selling out in record time
▼ + stars: | 2023-03-16 | by ( Brittany Chang | ) www.businessinsider.com time to read: +6 min

Norwegian Cruise Line's themed cruises have been selling out in record time and Holland America plans to grow its partnership with charter companies. The passionate fans help cruise lines fill up ships and are some of the most loyal in the industry. Will ByingtonThese repeat bookings are music to the cruise lines' ears — it's a mutually beneficial operation for both the themed cruise production companies and the cruise lines themselves. To pull off these festivals at sea, themed cruise providers charter full ships from various cruise lines. "I think the themed cruise industry is going to grow even faster [than the general cruise industry]," Hearing said.

☆ Here are Wednesday's biggest analyst calls: Charles Schwab, Meta, Nike, Netflix, Truist, FedEx & more
▼ + stars: | 2023-03-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Oppenheimer reiterates Netflix as outperform Oppenheimer said investors should buy the dip in Netflix shares. Bank of America upgrades W.R. Berkley to buy from neutral Bank of America said buy the dip in shares of the insurance company. "A recent sell-off in financial and insurers more specifically gives an opportunity to upgrade shares of WRB." Deutsche Bank reiterates Nike as buy Deutsche said it's staying bullish on shares of Nike heading into earnings next week. Bank of America reiterates FedEx as buy Bank of America said it's standing by its buy rating on FedEx heading into earnings on Thursday.

☆ Fact Check-Picture of misspelled ‘secede’ sign is not from CPAC 2023
▼ + stars: | 2023-03-08 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A photograph showing a group of people holding a misspelled “secede” sign was taken at a 2009 motorcycle rally in Texas, not during the 2023 Conservative Political Action Conference (CPAC 2023) as recent social media posts suggest. The image was taken at a Republic of Texas motorcycle rally in Austin on June 12, 2009, according to the caption information on Flickr. One user who shared the image on Twitter (bit.ly/3ZRqeqV) later labeled it “parody” in a separate post (bit.ly/3SXe65d). CPAC 2023 took place between March 1 and 4 in Maryland. A picture of people with a misspelled “secede” sign was taken at a Republic of Texas motorcycle rally in 2009, not during CPAC 2023.

☆ Suicide bombing in southwest Pakistan kills nine policemen
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: 1 min

QUETTA, Pakistan, March 6 (Reuters) - A suicide bomber rammed a motorcycle into a police truck in southwestern Pakistan on Monday, killing nine policemen, a police spokesman said. Spokesman Mehmood Khan Notizai told Reuters the attack took place in Sibbi, a city some 160 km (100 miles) east of Quetta, the capital of Balochistan province. Hospital officials said at least 7 policemen were wounded in the attack, the latest in a series targeting police personnel in Pakistan. Ethnic Baloch guerrillas have been fighting the government for decades, accusing it of exploiting Balochistan's rich gas and mineral resources. Reporting by Saleem Shahid in Quetta and Asif Shahzad in Islamaba, writing by Shilpa Jamkhandikar; editing by Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

☆ India's Bajaj Auto falls after report on planned production cuts
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

Bajaj Auto did not respond immediately to Reuters' request for comment on the Economic Times (ET) report, which said that the cut would reflect pressure in Nigeria, its largest export market. Bajaj Auto is likely to produce 250,000-270,000 units in March, ET reported, citing multiple people aware of the production plans. That's lower than its average monthly production of 338,000 units in the first nine months of FY 2023, the report added. The report did not specify how many units each of the two- and three-wheelers Bajaj Auto was likely to produce. They had risen 11.3% in 2022, against a 15.31% rise in the Nifty auto index (.NIFTYAUTO).

Search resuls for: "Motorcycle"

25 mentions found