DIRS.INFO The most relevant business & tech news

☆ No doubt there is a narrow window of opportunity to take action on climate change, says Paul Polman
▼ + stars: | 2024-11-19 | 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 EmailNo doubt there is a narrow window of opportunity to take action on climate change, says Paul PolmanPaul Polman, former Unilever CEO, business leader, campaigner and co-author of "Net Positive," discusses climate financing at COP29 and what a second term from President-elect Donald Trump means for the global fight against climate change.

Persons: Paul Polman Paul Polman, Donald Trump Organizations: Unilever

☆ Jersey Mike’s Subs is worth $8 billion after a huge investment from Blackstone
▼ + stars: | 2024-11-19 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

Blackstone announced Tuesday that it has acquired a “majority ownership position” in Jersey Mike’s, valued at around $8 billion, according to a source familiar. The influx of cash will help the sandwich chain “accelerate its expansion across and beyond the US market, as well as its continued investment in technology and digital transformation,” a statement said. “We believe we are still in the early innings of Jersey Mike’s growth story and that Blackstone is the right partner to help us reach even greater heights,” Cancro said in a statement. Jersey Mike’s is the second-largest sandwich chain behind Subway in sales. Data from QSR Magazine reveals Jersey Mike’s locations pull in about $1.35 million per unit, with an average Subway location raking in less than $500,000.

Persons: Peter Cancro, who’s, “, Blackstone, ” Cancro, Roark Organizations: New, New York CNN, Jersey, Subway, Blackstone, QSR Magazine, Roark Capital Locations: New York, Jersey, New Jersey, Canada

☆ Roblox CEO on new safety updates following October Hindenburg report
▼ + stars: | 2024-11-19 | 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 EmailRoblox CEO on new safety updates following October Hindenburg reportDavid Baszucki, Roblox CEO, joins 'Squawk Box' to discuss the list of new safety products available for users, the chief executive's first reactions to the short report, and much more.

Persons: Hindenburg, David Baszucki

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin rises to new record above $94,000: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Dennis Kelleher, co-founder and CEO of Better Markets, shares his criticism for the crypto industry's influence on the 2024 election.

Persons: explainers, Dennis Kelleher Organizations: CNBC Crypto, CNBC, Better

☆ The double threat of new Trump tariffs, wave of port strikes is coming for the supply chain in early 2025
▼ + stars: | 2024-11-19 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

Uncertainty among U.S. shippers is escalating into 2025 with the expectation of new Trump tariffs and the possibility of a new ports strike that could begin in mid-January. The earliest new tariffs could be in effect is in late February or early March, according to an alert from C.H. Travel time for ocean freight from China to the East Coast and Gulf Coast ports is 40-55 days. He added that making these types of decisions has become part of the typical uncertainty that the supply chain needs to be prepared to face. "I was running a high-tech manufacturing operation before I took this job and we did manufacturing through China," Rhodes said.

Persons: Honour Lane Shipping, Robinson, USMX, Corey Rhodes, Rhodes Organizations: Trump, CNBC, Honour Lane, ILA, United States Maritime Alliance, Whirlpool, AB InBev, Danone Locations: Asia, Southern California, New England, Texas, China, East Coast, Gulf Coast

☆ The Biden administration is scrambling to send billions to chipmakers before Trump takes over
▼ + stars: | 2024-11-19 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

AdvertisementThe Biden administration is trying to finalize CHIPS Act agreements before Donald Trump takes office. Locking in agreements could make it more difficult for the Trump administration if it decides to change course. The Biden administration is running out of time to finalize agreements that would secure billions in funding for US chipmakers. The Biden administration is working to finalize agreements before president-elect Donald Trump — who has criticized the CHIPS Act — takes office in January. However, she did not answer questions about whether Trump's approach to CHIPS Act funding could differ from that of the Biden Administration.

Persons: Biden, Donald Trump, Trump, Joe Biden, hasn't, Donald Trump —, Gina Raimondo, podcaster Joe Rogan, chipmakers, Mike Johnson, Karoline Leavitt, Vance, Jeff Koch, SemiAnalysis, Koch, Pat Gelsinger Organizations: US, Bloomberg, Commerce Department, BI, CNBC, Reuters, Commerce, Biden, Intel, The New York Times Locations: Taiwan

☆ AeroVironment CEO: We have so many layers of demand globally, will keep us busy for a decade
▼ + stars: | 2024-11-19 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

AeroVironment CEO: We have so many layers of demand globally, will keep us busy for a decadeAeroVironment Chairman, President and CEO Wahid Nawabi joins 'Mad Money' host Jim Cramer to talk global demand amidst uncertainty in the defense space.

Persons: Wahid Nawabi, Jim Cramer

☆ Stellantis delays Ram electric pickup truck until 2025
▼ + stars: | 2024-11-19 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Stellantis' Ram 1500 Revolution battery-electric concept pickup truck is introduced during a keynote address by Stellantis CEO Carlos Tavaras during CES 2023 at The Venetian Resort Las Vegas on January 05, 2023 in Las Vegas, Nevada. DETROIT — Stellantis is delaying the launch of its Ram all-electric pickup truck from this year until the first half of 2025, as the trans-Atlantic automaker continues testing the vehicle. CEO Carlos Tavares on Tuesday declined to disclose details about what caused the delay of the electric truck, which was expected to be followed by an extended-range "Ramcharger" that's equipped with an electric generator and a gas engine. It's better to take a few weeks more to validate properly than to rush and then to make mistakes in terms of quality. The all-electric pickup was expected to go on sale by the end of this year, followed by the Ramcharger during the first quarter of 2025.

Persons: Stellantis, Carlos Tavaras, Carlos Tavares, " Tavares, It's, Tavares Organizations: Atlantic, Dodge Locations: Vegas, Las Vegas , Nevada, DETROIT

☆ Who will build new homes in Trump’s America?
▼ + stars: | 2024-11-19 | by ( Samantha Delouya | Julia Vargas Jones | ) edition.cnn.com time to read: +9 min

Trump has said that undocumented immigrants share the blame for America’s once-in-a-generation home affordability crisis, but the president-elect’s deportation plans may backfire, driving up the cost of homebuying even further. There is a need for more construction workers, as well: There were 282,000 construction jobs open as of September, according to the Bureau of Labor Statistics. “Immigrant labor is really important for our ability to continue to build homes affordably,” said Tobin. More than one-third of construction workers in the labor force are foreign-born, according to the US Census Bureau’s 2023 American Community Survey. In some states, that share is much higher: In California, New Jersey and Texas, more than half of construction workers are immigrants.

Persons: CNN — Duewight Garcia overstayed, Garcia, ” Garcia, Donald Trump’s, Trump, America’s, Riordan Frost, Frost, ” Frost, Jim Tobin, ”, Tobin, “, Duewight Garcia, Edward Pinto, ” Pinto, Stan Marek, MAREK, it’s, ” Marek, Trump’s, Ohio Sen, JD Vance, ” Vance, Marek, they’re, Jennie Murray, ” CNN’s Tami Luhby Organizations: CNN, New, Joint Center for Housing Studies of Harvard University, National Association of Home Builders, Bureau of Labor Statistics, Pew Research, Survey, American, National Immigration Forum, Trump, Housing Center, American Enterprise Institute, Labor, The New York Times, National Immigration Locations: Honduras, New York City, America, California , New Jersey, Texas, New York, California, Wells Fargo, Houston

Kennedy holds a number of controversial views when it comes to public health, including anti-vaccine activism. Historically, Mande said, Congress has been reluctant to provide money to the agency’s food and nutrition program. “I think that is a striking comparison of how hard it is for consumers to make healthy choices, when the food industry is so powerful,” Politi said. Sen. Bernie Sanders, I-Vt, has called on more thorough reviews on food coming from abroad and recently compared the processed food industry to the tobacco industry. The Dietary Guidelines Advisory Committee is in the process of finalizing its scientific report, which will help inform the guidelines, Nestle said.

Persons: Robert F, Kennedy Jr, Donald Trump, Kennedy, he’s, Mande, ”, Elisabetta Politi, “, ” Politi, I’m, Marion Nestle, it’s, Michelle Obama, Bernie Sanders, Robert Califf, Califf, might’ve, they’ll, “, Red, Nestle, Politi, “ They’ve, ” Nestle, Kennedy “ Organizations: Health, Human Services, and Drug Administration, FDA, Department of Agriculture, Harvard University, Duke Diet, Fitness Center, New York University, RFK, Trump, Department of Health, HHS, USDA Locations: Durham , North Carolina, California, Europe, U.S

☆ Trump Media in reported talks to buy crypto trading platform Bakkt, sending shares soaring
▼ + stars: | 2024-11-18 | by ( Kevin Breuninger | ) www.nbcnews.com time to read: +1 min

Trump Media is reportedly in “advanced talks” to buy the cryptocurrency trading firm Bakkt, the Financial Times reported Monday, citing two people with knowledge of the talks. Trump Media, which is majority-owned by President-elect Donald Trump, shot up by double digits minutes after the FT report was published. Trump Media has seen its market value rise and fall by billions of dollars in the run-up to the 2024 presidential election, as retail investors bet on the Republican’s momentum and political prospects. While Trump Media has reported a $363 million net loss on revenues of just $2.6 million so far this year, it boasts a market cap above $7 billion. A Trump Media spokeswoman did not immediately respond to CNBC’s request for comment.

Persons: “, ”, Donald Trump, Kelly Loeffler, Loeffler, Jeffrey Sprecher, Brian Kemp, Sen, Johnny Isakson, Democratic Sen, Raphael Warnock Organizations: Trump Media, Financial Times, President, Nasdaq, Intercontinental Exchange, New York Stock Exchange, Georgia Gov, U.S, Senate, Democratic

The U.S. auto safety regulator has opened two new probes into potential defects related to Ford vehicles. ODI said it had received three complaints about the retractors in model year 2019-2020 Ford Expeditions. "The complaints allege hearing a loud sound immediately followed by the seat belt rapidly tightening," the release states. ODI says Ford already issued a recall related to this issue, but that the Expeditions, as well as potential issues affecting model year 2018-2019 Lincoln Navigator vehicles, were not included in it. A spokesman for Ford said in an email the company was working with NHTSA to support its investigations.

Persons: Ford, America's, Jim Farley Organizations: U.S, Ford, Traffic Safety Administration, Ford Broncos, Ford Mavericks, Ford Expeditions, Lincoln, NHTSA

In October 1975, a 28-year-old Elton John performed two sold-out shows at Dodger Stadium in Los Angeles, cementing his status as the biggest pop star in the world. Those two seminal events in the iconic singer-songwriter’s life form the foundation of “Elton John: Never Too Late,” now playing in select theaters and debuting Dec. 13 on Disney+. Elton John performs at Dodger Stadium in Los Angeles in 1975. John Lennon makes a surprise appearance at an Elton John concert at Madison Square Garden in New York City in 1974. Elton John and his husband, David Furnish, in West Hollywood, Calif., in 2020.

Persons: Elton John, John, “ Elton John, ”, R.J . Cutler, John’s, David, —, Rocket Entertainment —, Chris Walter, WireImage, Cutler, Billie Eilish, Bill Clinton’s, Martha Stewart, Cliff Jahr, Elton, didn’t, ” Cutler, it’s, ” Cutler —, John Lennon —, John Lennon, Steve Morley, “, Alexis Petridis, ‘ Elton ’, Cliff, ” John, ‘, Michael Kovac, ’, ” Elton John, “ It’s Organizations: Dodger, Disney, Rocket Entertainment, Getty, Rolling Stone, NBC News, Madison, Garden, Stone, New York Public Library, Toronto Locations: Los Angeles, North America, New York City, Redferns, West Hollywood, Calif, Toronto

“My position in society, my nationality, is not sure, never sure, no matter what generation I am,” he told NBC News over the phone. “These boys and girls are fully aware of the current political climate,” he told NBC News. “Politicians should try to unite people instead of fueling polarization,” he told NBC News. “Amsterdam should be ashamed,” he said of the violence surrounding the the soccer game. “Apparently a Cabinet meeting is a comfortable place for these people to say their racist thoughts out loud,” Taibi said.

Persons: ”, “, Taibi, can’t, Bram Beute, Schoof, Wilders, Francesca Albanese, Bert Klandermans, Steven Silvester, ” Silvester, Muhsin Köktas, Ruben Vis, ” Taibi, Freddie Clayton, Martijn van Delft Organizations: NBC News, United Nations Human Rights, “, Vrije University, stoke, NBC, Centraal Locations: Amsterdam’s, Muslim Nieuw, West, Europe, France, Austria, Germany, Netherlands, Gaza, Amsterdam, Nieuw, Dutch, “ Amsterdam, London, Rijnsburg

Spirit Airlines said Monday it has filed for Chapter 11 bankruptcy protection after struggling with losses, growing debt and a failed merger during the post-pandemic travel lull. The deal comes with a commitment of $350 million in equity investment from bondholders, which it said equates to $795 million of outstanding debt. The company's share price fell from £3.22 to $1.15 last week after the Wall Street Journal reported it was preparing to file for bankruptcy protection, closing on $1.07 on Friday. Spirit said last month it would cut jobs and sell 23 older planes in a bid to save $80 million. Industry analysts said at the time that the court's decision left Spirit with few options but to face a likely restructure and bankruptcy.

Persons: “, Ted Christie, Christie, Spirit Organizations: Spirit Airlines, Company, ”, Wall Street, U.S, JetBlue, Industry Locations: , Florida

☆ Glenview Capital CEO Larry Robbins on the deal for new CVS Health board seats
▼ + stars: | 2024-11-18 | 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 EmailGlenview Capital CEO Larry Robbins on the deal for new CVS Health board seatsLarry Robbins, Glenview Capital Management CEO, joins CNBC's 'Squawk on the Street' to discuss his firm's four new seats on the board at CVS, how the company can recover after a long decline, and more.

Persons: Larry Robbins Organizations: Glenview, CVS Health, Glenview Capital Management, CVS

☆ HSBC reportedly asks middle managers to reapply for jobs as layoffs loom
▼ + stars: | 2024-11-18 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

AdvertisementHSBC has reportedly asked some managers to reapply for their jobs as part of a cost-cutting restructure. Bloomberg reported Monday that hundreds of senior staff will likely lose their jobs. HSBC has asked some managers to reapply for their jobs in its newly created corporate and institutional banking division as part of a cost-cutting drive, Bloomberg reported. The biggest change announced was the simplification of HSBC's structure, creating Eastern and Western arms to manage its global operations. He previously told staff in October that they should expect job cuts following the announcement of the revamp, Reuters reported at the time, citing an internal memo.

Persons: Georges Elhedery, Elhedery Organizations: HSBC, Bloomberg, Business Insider, Business, Reuters Locations: Asia, Pacific, Americas, London

☆ Jim Cramer says 'nothing truly dulls the case' for owning Tesla stock
▼ + stars: | 2024-11-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer made the case for owning Tesla stock, saying it's worthwhile not because President-elect Donald Trump reportedly wants to relax U.S. self-driving rules, but because of CEO Elon Musk himself. "While I don't buy the national self-driving mandate, I think nothing truly dulls the case for owning Tesla," he said. "The Musk premium will work its magic in other ways, perhaps favorable municipalities and Tesla rentals next to federal highways." But Cramer suggested that the Trump team's plans for autonomous vehicles might be easier said than done. Cramer also stressed that Tesla stands apart from its EV peers because of its tech focus.

Persons: CNBC's Jim Cramer, Donald Trump, Elon Musk, Tesla, Trump, Cramer, Elon, Trump's Organizations: Bloomberg, Trump, Barclays, SpaceX

☆ Shares of Nvidia and AMD go different ways — here's Jim Cramer's advice on both AI chip stocks
▼ + stars: | 2024-11-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. When asked for comment on The Information report, an Nvidia spokesperson emailed a statement to the Investing Club: "NVIDIA GB200 systems are the most advanced computers ever created. That doesn't seem like the right reason to race out and buy AMD stock Monday, though. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Donald Trump's, Jim, White, doesn't, he's, Michael Dell, Blackwell, AMD's, he'd, Stocks, Jim Cramer's Organizations: CNBC, Nasdaq, Club, Nvidia, Blackwell, Dell, Investing, NVIDIA, Devices, AMD, IBM, Microsoft, Meta, CVS Health, Netflix, Warner Bros Discovery

☆ Michelle Yeoh said not being able to have kids has been the 'biggest sadness' of her life
▼ + stars: | 2024-11-18 | by ( Erin Liam | ) www.businessinsider.com time to read: +4 min

AdvertisementIn 1988, Michelle Yeoh left acting to focus on marriage and starting a family. While Michelle Yeoh's "biggest sadness" in life is not being able to have kids, the actor has no regrets. In an interview with The Times published on Sunday, Yeoh, 62, opened up about her first marriage to Dickson Poon, a Hong Kong entrepreneur and CEO. Advertisement"Maybe that is the biggest sadness in my life, that I cannot have kids," she told The Times. Still, Yeoh knew that Poon wanted kids.

Persons: Michelle Yeoh, Dickson Poon, Michelle Yeoh's, Yeoh, I'd, " Yeoh, Poon, Jean Todt, Nicolas, Darina, Maxime ❤️ 💖✨ Organizations: Times, Ferrari Locations: Hong Kong

☆ Disney's comeback has another believer. What Jim Cramer says to do with the stock from here
▼ + stars: | 2024-11-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

The news Evercore ISI raised its Disney price target to $134 per share from $128, implying more than 16.5% upside from Friday's close. Big picture Evercore's Disney price target bump Monday joins a string of analyst PT hikes last week following strong earnings. The recent run in Disney stock is reflective of renewed confidence in management's ability to get its financial house in order. The next big streaming target is for Disney's entertainment direct-to-consumer business to achieve 10% operating margin in fiscal 2026. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Bob Iger, Iger, Jim Cramer, Jim, Jim Cramer's, Minnie Mouse, Disney Organizations: Disney, ISI, ESPN, CNBC Locations: Evercore

☆ Pat Ryan Jr. on $850 million investment for new Northwestern football stadium
▼ + stars: | 2024-11-18 | 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 EmailPat Ryan Jr. on $850 million investment for new Northwestern football stadiumPat Ryan Jr., Ryan Sports Development co-CEO, joins 'Squawk Box' to discuss how the new Northwestern stadium deal came about, how the world of live events enticed this deal to get done, and much more.

Persons: Pat Ryan Jr Organizations: Northwestern, Ryan Sports Development

☆ Jonathan Majors and Meagan Good are engaged
▼ + stars: | 2024-11-18 | by ( Amarachi Orie | ) edition.cnn.com time to read: +2 min

CNN —Jonathan Majors and Meagan Good have announced their engagement at the same annual event where they met two years ago. Wearing a sparkly gold dress, Good flashed her engagement ring on the green carpet of the 2024 EBONY Power 100 Gala in Los Angeles on Sunday. “Life is crazy—I’m crying to you—she is the most perfect, beautiful, divine (and) powerful being that I’ve ever met,” Majors told EBONY magazine. The acting duo shared the news at the event, which celebrates Black talent and leaders from across the world, because that “is the event that we met at in the bathrooms,” Good told E! Good, who stars in the Prime Video comedy series “Harlem,” was seen supporting Majors throughout the legal case, attending court with her partner.

Persons: Jonathan Majors, Meagan, I’ve, ” Majors, EBONY, I’m, Good, Creed III, ”, Tom Ortenberg, DeVon Franklin Organizations: CNN, Briarcliff Entertainment Locations: Los Angeles, Hollywood

☆ Super Micro hires new auditor to maintain Nasdaq listing; shares pop 23%
▼ + stars: | 2024-11-18 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. Shares of Super Micro soared more than twentyfold over a two year period from early 2022 until their peak in March of this year. Super Micro has been one of the primary beneficiaries of the artificial intelligence boom, due to its relationship with Nvidia . Super Micro was added to the S&P 500 in March, reflecting its rapidly growing business and then-soaring stock price. Less than two weeks after the index changes were announced, Super Micro reached its closing high of $118.81.

Persons: Charles Liang, it's, Ernst & Young, Nvidia's Organizations: Super, Computer Inc, BDO, Nasdaq, SEC, Ernst, Deloitte, Touche, Nvidia, Super Micro, Dell, Hewlett Packard Enterprise, Micro, Hindenburg Research, Street, Department of Justice Locations: Taipei, Taiwan

☆ Watch CNBC's full interview with Lemonade CEO Daniel Schreiber
▼ + stars: | 2024-11-18 | 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 Lemonade CEO Daniel SchreiberDaniel Schreiber, Lemonade CEO, joins 'Closing Bell Overtime' to talk growth, recent stock performance, insurance prices and more.

Persons: Daniel Schreiber Daniel Schreiber Organizations: Lemonade

Search resuls for: "CEO"

25 mentions found