DIRS.INFO The most relevant business & tech news

☆ Gold prices muted with U.S. inflation data in focus
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: +2 min

Gold prices steadied on Thursday as investors digested comments from Federal Reserve Governor Christopher Waller on interest rate cuts and looked forward to more U.S. economic data for policy clues. Gold prices were subdued on Wednesday ahead of crucial U.S. inflation data due this week, which could offer more clarity on the timing of the Federal Reserve's first interest rate cut this year. Meanwhile, Fed Governor Lisa Cook said "at some point" it will be time to cut interest rates. "Dips in the gold price remain relatively shallow courtesy of buyers stepping in from the sidelines on price retreats," Tim Waterer, chief market analyst at KCM Trade, said in a note. Waterer added that the $2,368 level would need to be breached for gold to surpass the highs from last week.

Persons: Christopher Waller, Yeap Jun Rong, Michelle Bowman, Lisa Cook, IG's, Rong, Tim Waterer, Waterer Organizations: Federal Reserve, Federal, Fed, U.S, KCM Locations: U.S

☆ Australia's central bank says policy is restrictive, causing households pain
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: +1 min

Australia's central bank said on Wednesday that monetary policy was restrictive with the current cash rate causing financial pain for many households, but it could not rule out further tightening if necessary to tame inflation. Australia's central bank said on Wednesday that monetary policy was restrictive with the current cash rate causing financial pain for many households, but it could not rule out further tightening if necessary to tame inflation. In a speech on the banking industry in Melbourne, Reserve Bank of Australia Assistant Governor Christopher Kent said interest rates of 4.35% were contributing to slower growth of demand and lower inflation. "We know that many are feeling a painful squeeze on their finances because of higher interest rates," said Kent, noting mortgage payment has already increased to a record 10% of household disposable income. The RBA has raised interest rates by a whopping 425 basis points since May 2022, but has held steady for five straight meetings with inflation running at 3.6%, well above its target band of 2%-3%.

Persons: Christopher Kent, Kent Organizations: Reserve Bank of Australia Locations: Melbourne

☆ Black Shirts and Banned Flags: Ultras Push Politics at Euro 2024
▼ + stars: | 2024-06-26 | by ( Rory Smith | Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

Those hoping to march to the stadium with Hungary’s fans for their soccer team’s first game of the European Championship were expected to report by 10 a.m. sharp, five hours before kickoff. Some could wear black. Others were to stick with red, white and green, the colors of the country’s flag. The Carpathian Brigade has, in recent years, become perhaps Europe’s most infamous ultra group, its reputation forged by clashing with the police, showering opponents with racist abuse and displaying homophobic banners. In 2021, during the last European Championship, it had to remind members to cover up any Nazi-related tattoos so as not to contravene German law.

Organizations: team’s, European, Carpathian Brigade, Hungarian

☆ Outrage over an $18 Big Mac sparked a consumer revolt that finally got companies to listen
▼ + stars: | 2024-06-25 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New CNN —Pop quiz: How much does a Big Mac, fries and a fountain beverage – also known as a Big Mac combo meal – cost? In a recent letter, Joe Erlinger, president of McDonald’s USA, said $18 for a Big Mac combo was the “exception” and not the norm across all 13,700 restaurants in the country. The thing is: It doesn’t really matter that virtually no one is paying anything close to $18 for a Big Mac combo. “The average price of a Big Mac in the US was $4.39 in 2019,” Erlinger said in his recent letter. Behold: Price cuts and value menusI’d be willing to bet Erlinger was made aware of the viral $18 Big Mac combo post not long after it took off.

Persons: It’s, Joe Erlinger, Erlinger, it’s, They’re, ” Erlinger, aren’t, haven’t, Price, Christopher Kempczinski, they’ve, Ian Borden, they’re Organizations: CNN, McDonald’s, Mac, Consumer, Walgreens, Walmart, Wendy’s Locations: Connecticut, McDonald’s USA, Amazon

REUTERS/Bobby Yip/File Photo Purchase Licensing Rights New Tab , opens new tabJune 26 (Reuters) - A look at the day ahead in Asian markets. The first definition that appears in an online search for the meaning of "resilience" is "the capacity to withstand or to recover quickly from difficulties; toughness." In that light, the direction Asian markets are liable to take on Wednesday is hard to call. Broader concerns about the weakness of the yen and potential intervention from Japanese authorities, and the Chinese yuan's steady depreciation, still hang heavily over Asian markets. Here are key developments that could provide more direction to markets on Wednesday:- Australia inflation (May)- RBA assistant governor Kent speaks- Singapore manufacturing production (May)Sign up here.

Persons: Bobby Yip, Tuesday's, Christopher Kent, Kent, Jamie McGeever Organizations: Hong Kong Stock Exchange, REUTERS, Nvidia, Tuesday's U.S, Reserve Bank of Australia, Bank of Japan, U.S, Reuters, Thomson Locations: Hong Kong, China, U.S, Tuesday's, Singapore, Australia

☆ Federal judge rejects $30 billion settlement between Visa, Mastercard and retailers
▼ + stars: | 2024-06-25 | by ( Elisabeth Buchwald | Parija Kavilanz | ) edition.cnn.com time to read: +3 min

New York CNN —A federal judge overseeing a $30 billion preliminary swipe-fees settlement between Mastercard, Visa and retailers formally rejected the deal Tuesday. Mastercard and Visa, two of the world’s largest credit card networks, reached their proposed multi-billion antitrust settlement with US merchants in March. But a memo released by the court on Tuesday said that she was “not likely to grant final approval” to the preliminary settlement absent any changes. The proposed settlement would have lowered those fees by at least 0.04% percentage points for a minimum of three years. What the preliminary settlement entailedThe proposed settlement, which hinged on final approval from the Eastern District of New York, resulted from a longstanding antitrust class-action lawsuit in 2005.

Persons: Judge Margo Brodie, “, colluded, —, Christopher Jones, ”, ” Jones, Tuesday’s, Judge Brodie, RILA Organizations: New, New York CNN, Mastercard, Visa, Court, of, Merchants Payments Coalition, Main, Retail Industry, Association, Target, Dollar Locations: New York, Eastern, of New York

☆ Wednesday could be a big day for AI chip stocks as their market-leading rally stalls
▼ + stars: | 2024-06-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

MU YTD mountain Micron shares this year Nvidia's seemingly limitless rally stalled in recent sessions as investors took a break from semiconductor stocks. While it isn't a given that CEO Jensen Huang shows up at Nvidia's meeting, any commentary could provide an impetus for the stocks. Meeks noted that recent comments from Huang about AI chips during a trip to Asia spurred a bounce in shares. Comments could boost sentiment and convince investors the chip behemoth has yet to reach peak revenue, he added. Meeks called the selloff in chip stocks overdone, viewing a long-term runway for the AI theme at a reasonable valuation.

Persons: You've, Paul Meeks, Jensen Huang, Meeks, Huang, Meeks —, Harlan Sur, Christopher Danely, I'm Organizations: Nvidia, Micron Technology, Portfolio Management, MU, Micron, Broadcom, Qualcomm, JPMorgan, Citi Locations: Asia

☆ Sixteen Nobel Prize-winning economists warn a second Trump term would 'reignite' inflation
▼ + stars: | 2024-06-25 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Sixteen Nobel Prize-winning economists signed a joint letter Tuesday warning of what they see as economic risks if former President Donald Trump were to serve a second term, including reheated inflation. "While each of us has different views on the particulars of various economic policies, we all agree that Joe Biden's economic agenda is vastly superior to Donald Trump's," the economists wrote. "There is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets," wrote the group of politically progressive academics. Joseph Stiglitz, who won the Nobel Prize in 2001, led the effort to publish Tuesday's letter. "Nonpartisan researchers, including at Evercore, Allianz, Oxford Economics, and the Peterson Institute, predict that if Donald Trump successfully enacts his agenda, it will increase inflation," the economists wrote.

Persons: Donald Trump, Joe, Donald Trump's, Axios, Trump, Joseph Stiglitz, George Akerlof, Sir Angus Deaton, Claudia Goldin, Sir Oliver Hart, Eric Maskin, Daniel McFadden, Paul Milgrom, Roger Myerson, Edmund Phelps, Paul Romer, Alvin Roth, William Sharpe, Robert Shiller, Christopher Sims, Robert Wilson Organizations: Federal Reserve Board, Wall Street, Evercore, Allianz, Oxford Economics, Peterson Institute Locations: China

☆ Dollar steady ahead of inflation reading; yen teeters toward 160
▼ + stars: | 2024-06-24 | by ( ) www.cnbc.com time to read: +3 min

The dollar was steady on Monday as traders looked ahead to fresh clues on the U.S. inflation path that will likely influence interest rates, while talk from Japanese authorities did little to temper the yen's decline back the round number of 160. The dollar was steady on Monday as traders looked ahead to fresh clues on the U.S. inflation path that will likely influence interest rates, while talk from Japanese authorities did little to temper the yen's decline back the round number of 160. The yen weakened to 159.94 per dollar in early trade on Monday, its lowest since April 29, when the yen touched a 34-year low of 160.245 leading to Japanese authorities spending some 9.8 trillion yen to support the currency. "The combination of slowing activity, a loosening labor market and slower inflation readings make us increasingly confident that the Fed will begin reducing policy rates in September," Citi said. The Australian dollar was last at $0.6640 and the New Zealand dollar was little changed at $0.6113.

Persons: Masato Kanda, Carol Kong, Emmanuel Macron, Christopher Wong Organizations: Bank of, Commonwealth Bank of Australia, Reuters, Citi, Fed, National, New Zealand Locations: Japan, U.S

☆ It’s the Golden Age of Weird Vehicles
▼ + stars: | 2024-06-24 | by ( Christopher Maag | ) www.nytimes.com time to read: 1 min

This is Street Wars, a weekly series on the battle for space on New York’s streets and sidewalks. Jimmy Cho could ride a wheelchair, but wheelchairs are slow. He could also ride a standup scooter, but he prefers to sit. Thus he combined the front half of an electric scooter (handlebars, front wheel, motor, battery pack) to an old wheelchair (padded seat, handrails, nothing special). But because it’s zippy, he can keep pace with traffic on busy Manhattan avenues.

Persons: Jimmy Cho, Cho Locations: Manhattan

☆ Virginia Woolf, but Make It a Polyphonic, Sensory Ballet
▼ + stars: | 2024-06-24 | by ( Joshua Barone | ) www.nytimes.com time to read: +1 min

In a rehearsal room at American Ballet Theater’s studios earlier this month, Alessandra Ferri and Roman Zhurbin paused during a pas de deux, waiting to take their next steps. “Where’s Big Ben?” Ferri asked. It tolls throughout Virginia Woolf’s novel “Mrs Dalloway,” coldly marking and making clear the passage of time. Big Ben plays a similar role in the first part of “Woolf Works,” Wayne McGregor’s full-length ballet that evokes elements of Woolf’s biography and the essence of three novels, including “Mrs. Dalloway.” Having premiered at the Royal Ballet in 2015 to strong reviews, it arrives in New York on Tuesday, as part of Ballet Theater’s Metropolitan Opera House season.

Persons: Alessandra Ferri, Roman Zhurbin, “, Ben, ” Ferri, Dalloway, ”, Big Ben, “ Woolf, ” Wayne McGregor’s, Romeo, Juliet, Christopher Wheeldon’s Organizations: Ballet, Royal Ballet, Opera Locations: Westminster, London, Virginia, “, New York

☆ Alex Jones’ court trustee plans to shut down his notorious conspiracy outlet Infowars
▼ + stars: | 2024-06-24 | by ( Hadas Gold | ) edition.cnn.com time to read: +3 min

CNN —Conspiracy theorist Alex Jones’ Infowars media empire will be shut down and sold off, a bankruptcy court-appointed trustee said in an emergency court filing Sunday, signalling the end of the notorious far-right outlet that Jones has used to spread dangerous misinformation and lies. But at that time, the judge ruled Jones’ media company Free Speech Systems, the parent of Infowars, would not be liquidated partly because the process would be costly and lengthy. The dismissal of the bankruptcy case against the outlet meant that the families were free to go after Jones’ assets, including Infowars, in state court. Since Jones is the owner of Free Speech Systems, a court appointed trustee was put in charge of the company. As a result, Jones’ trustee asked the bankruptcy judge for an emergency stay in the case to allow them to conduct an “orderly wind-down and sale process” of Infowars.

Persons: Alex Jones ’, Jones, Sandy Hook, “, Christopher Mattei, Connecticut, ”, ” Mattei, ” Jones, Infowars, “ I’m Organizations: CNN, Speech Systems, Free Speech Systems, Systems, Court, Free, “ Locations: Texas, Infowars, Connecticut, Infowars

Citi analyst Andrew Kaplowitz upgraded his rating for the heating and ventilation company to buy from neutral. The analyst accompanied the move by upping his price target to $74 from $65, implying that shares of Carrier Global could rally 17% going forward. The financial institution raised its price target for Nvidia to $150 from $135. Analyst Erin Wright stood by her overweight rating on the health insurance stock, reiterating her $595 price target. Wright set a price target of $374, which is 23% higher than the insurance company's Friday closing price of $355.48.

Persons: Goldman Sachs, Andrew Kaplowitz, CARR, Kaplowitz, — Lisa Kailai Han, Jefferies, Blayne Curtis, kingmaker, Curtis, Lisa Kailai Han, Morgan Stanley, UnitedHealth, Morgan Stanley's, Erin Wright, Wright, Bernstein, Stephen Reitman, Ferrari, Reitman, Ferrari's, Sanjeet Aujla, Aujla, BUD, Christopher Danely, Danely, James Schneider, Schneider, Fred Imbert Organizations: CNBC, Monday, Citi, Micron Technology, IBM, Carrier Global, Carrier, Nvidia, Humana, Ferrari, UBS, Anheuser, Busch InBev It's, Busch InBev, Micron, Citi Citi, Dow Jones Industrial, Dow Locations: China, UnitedHealth, U.S, Friday's

☆ Opinion | The E.U. Is Revealing Its True Identity. Europeans Don’t Like It.
▼ + stars: | 2024-06-23 | by ( Christopher Caldwell | ) www.nytimes.com time to read: +1 min

In European Parliament elections this month, voters in most of the European Union’s 27 countries rallied to parties that hold the union in contempt. Analysts have leaped to the conclusion that the European Union must have done something wrong. In Germany, where a hard-right party anchored in the formerly Communist East got more votes than any of the three governing parties, voters cited highhanded energy policies. But the European Union’s governing machinery in Brussels is never where voters’ hearts and hopes are. The union is looking more and more like one of those 19th- and 20th-century projects to universalize the un-universalizable, like Esperanto.

Persons: Emmanuel Macron Organizations: European Union, Communist Locations: France, Germany, Communist East, Brussels, Esperanto

☆ America’s housing crisis continues to worsen
▼ + stars: | 2024-06-23 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington CNN —Homeowners in America aren’t the only ones struggling with an unaffordable housing market. A report from Harvard University’s Joint Center for Housing Studies released last week showed that both homeowners and renters in recent years have become increasingly burdened by climbing housing costs. That’s all part of a broader struggle in the US housing market, and recent data shows that it hasn’t gotten any better. But there’s a problem: ChatGPT — soon to be integrated into Siri — is banned in China, reports my colleague Samantha Murphy Kelly. The Chicago Fed releases its National Activity Index for May.

Persons: ” Lael Brainard, ”, “, Brainard, Biden, ” Brainard, ChatGPT —, Siri —, Samantha Murphy Kelly, OpenAI, Siri, ChatGPT, Read, Christopher Waller, Lisa Cook, Michelle Bowman, General Mills, Levi Strauss, Tom Barkin Organizations: CNN Business, Bell, Washington CNN — Homeowners, America aren’t, Harvard University’s, for Housing Studies, Harvard, “, White, Economic Council, Urban Institute, Administration, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, FedEx, Chicago Fed, Global, Index, Board, Micron, General, US Commerce Department, Federal Reserve, Nike, McCormick, Walgreens, US Labor Department, National Association of Realtors, Richmond Fed, University of Michigan Locations: Washington, America, Congress, China

☆ Wombat walker: Australia needs help looking after its cutest residents
▼ + stars: | 2024-06-22 | by ( Lilit Marcus | ) edition.cnn.com time to read: +5 min

East Coast Natureworld in Tasmania, Australia, is hiring a “wombat walker” who will help keep these fuzzy marsupials in peak physical condition. Tasmania is also looking for a volunteer paranormal investigator to spend a day (or night …) checking out a spooky abandoned asylum. Now, travelers are looking at Norway and Sweden in the summer while checking out flights for Greece in the cooler fall and spring. New Zealand Prime Minister Christopher Luxon alights from a Royal New Zealand Air Force aircraft. But New Zealand Prime Minister Christopher Luxon isn’t just any ordinary traveler.

Persons: ”, Petros Giannakouris, Sarah Hamouda, Christopher Luxon alights, Andrew Kutan, grumbling, Christopher Luxon isn’t, Luxon, Michelle Wibowo, Simon Jacobs, Edamame Sheeran, Benedict Cucumberbatch, it’s Organizations: CNN, Zealand, Royal New Zealand Air Force, Getty, Air New Zealand –, Qatar Airways, Virgin Australia Locations: Dubai, East Coast, Tasmania, Australia, Athens, Greece, Italy, Hong Kong, Norway, Sweden, AFP, Japan, Air, Doha, South Korea, Matera

☆ Opinion | The Ten Commandments Are Trump’s Favorite of All the Commandments
▼ + stars: | 2024-06-22 | by ( Christopher Buckley | ) www.nytimes.com time to read: 1 min

Jeff Landry of Louisiana signs a bill mandating that the Ten Commandments be displayed in all public classrooms. He says of the legislation, “I can’t wait to be sued.”***Mr. Landry is sued by 28 organizations, including the American Civil Liberties Union, Amalgamated Atheists of America, the Benevolent and Protective Order of Beelzebubbians, the Spouses of U.S. Supreme Court Justices Neighborhood Welcome Wagon Association, and Liberals for the Prevention of Morality. The Republican Party responds with a fund-raising email blitz for a new legal defense fund. The subject line reads, “Moses ❤️ Louisiana (and Trump!!! ).”***Donald Trump hails Mr. Landry, calling him “the greatest mayor of Louisiana maybe ever.”“Actually, ever,” he adds.

Persons: Jeff Landry of, “, Landry, “ Moses ❤️ Louisiana, Trump, Donald Trump Organizations: American Civil Liberties Union, Amalgamated Atheists of America, Benevolent, Beelzebubbians, Supreme, Association, Republican Locations: Jeff Landry of Louisiana, Louisiana

☆ Satellite imagery may provide missing puzzle piece in Easter Island saga
▼ + stars: | 2024-06-21 | by ( Katie Hunt | ) edition.cnn.com time to read: +7 min

CNN —Hundreds of monumental stone heads dot the coastline of the remote Pacific island of Rapa Nui, or Easter Island. Terry HuntThe rock gardens had covered up to 21.1 square kilometers (8.1 square miles) and could have sustained up to 17,000 people, previous research suggested. Archaeologists have identified the remains of rock gardens on which islanders would have grown sweet potatoes and other crops. “This finding was the result of integrating new remotely sensed data, data not available when we did our original study.” He wasn’t involved in the new research. In fact, when Europeans first make contact with Rapa Nui people, they only report seeing maybe 3,000 or 4,000 people and report that people were in good spirits,” Davis said.

Persons: Jared Diamond, ”, Dylan Davis, Davis, School’s Lamont, Terry Hunt, ” Davis, Rapa, ” Ladefoged, wasn’t, Christopher Stevenson, ” Stevenson, Carl Lipo, What’s Organizations: CNN, Columbia, Observatory, New Zealand’s University of Auckland, School of, Studies, Virginia Commonwealth University Locations: Rapa Nui, Rapa, Chile, Pitcairn, Washington

☆ Human rights lawyer to political reformer: Who is Keir Starmer, the UK's new would-be prime minister
▼ + stars: | 2024-06-21 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +4 min

Labour Party leader Sir Keir Starmer speaks ahead of the U.K.'s general election on July 4, 2024. The left-of-center opposition party retains a commanding lead of around 20 points over current Prime Minister Rishi Sunak's Conservatives, according to the latest YouGov poll. But who is Keir Starmer — Labour's leader and the clear favorite to become prime minister after Britain's July 4 election? Starmer also served as a human rights adviser during former Labour Prime Minister Tony Blair's Northern Ireland Good Friday Agreement. Labour leader Keir Starmer takes a selfie with students after a campaign event at Three Counties Medical School on May 29, 2024.

Persons: Sir Keir Starmer, Anthony Devlin, Rishi Sunak's, Nigel Farage's, Keir Starmer —, Starmer, Margaret Thatcher's, Tony Blair's, Jeremy Corbyn, Keir Starmer, Christopher Furlong Organizations: Labour Party, Getty, Conservative, Britain's Labour Party, Labour, Conservatives, British, National Health Service, University of Leeds, University of Oxford, Shell, Tony Blair's Northern, Service, Counties Medical School, Wealth Fund Locations: London, England, Victoria, EU, Britain

☆ Nvidia’s shares are on fire. The broader stock market looks less rosy
▼ + stars: | 2024-06-21 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Nvidia’s eye-popping gains this year have helped propel the stock market to repeated record highs. Can Nvidia’s blockbuster gains continue, and what does its outsized market cap mean for the stock rally? Now everyone says, “the market is dependent on Nvidia’s earnings.” You’re going to see a kind of a shift in market cap over the years. “These lower mortgage rates coupled with the gradually improving housing supply bodes well for the housing market.”Still, mortgage rates remain higher than anything seen in the decade before 2022, the year the Federal Reserve began to raise interest rates to combat inflation. The Fed doesn’t directly set mortgage rates but its actions do influence them through the benchmark 10-year US Treasury yield, which moves in anticipation of the Fed’s policy moves.

Persons: OpenAI’s, Bell, Christopher Barto, ” You’re, Bryan Mena, Freddie Mac, ”, Sam Khater, Freddie Mac’s, don’t, Read, Ilya Sutskever, Clare Duffy, Sutskever, Geoffrey Hinton Organizations: CNN Business, Bell, New York CNN, Nvidia, Microsoft, Fort Pitt Capital Group, Apple, Meta, Google, Amazon, “, Federal Reserve, Treasury, Superintelligence Inc, SSI Locations: New York

☆ Killer of 2 Women in National Park in 1996 Has Been Identified, F.B.I. Says
▼ + stars: | 2024-06-20 | by ( Orlando Mayorquín | ) www.nytimes.com time to read: +1 min

It took the authorities one week to find the bodies of Julianne Williams and Laura Winans near their campsite at a national park in Virginia in 1996 after their family reported them missing. But it would take nearly three decades for the authorities to identify the person they believe killed them. “I want to again extend my condolences to the Winans and Williams families and hope today’s announcement provides some small measure of solace.”An F.B.I. It re-examined previous leads and interviews and evidence recovered from the site of the killings. Investigators submitted some of the evidence for DNA testing and found a match to Mr. Jackson’s DNA, the agency said.

Persons: Julianne Williams, Laura Winans, Walter Leo Jackson Sr, “, Lollie Winans, Julie Williams, ” Christopher R, Kavanaugh, Winans, Williams, Jackson’s Locations: Virginia, Richmond, Ohio, Shenandoah, U.S

☆ TikTok ramps up attacks on Biden administration in challenging prospective ban
▼ + stars: | 2024-06-20 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

Whether the Biden administration overlooked a less restrictive alternative could become a factor in a potential test of the law’s constitutionality. In Thursday’s filing, TikTok said the agreement was never signed despite years of negotiations and dozens of meetings and phone calls with US government officials. The Trump administration tried to ban TikTok by executive action, but that was quickly stymied by legal challenges. US officials have not publicly presented evidence that China has accessed US users’ TikTok data. On Thursday, TikTok’s filing said the company has so far spent $2 billion voluntarily implementing Project Texas.

Persons: TikTok, Biden, Joe Biden, “, CFIUS, ’, Trump, Christopher Simkins, Simkins Organizations: CNN, US Air Force, Foreign Investment, Meta, Independent, Texas Locations: United States, TikTok, China

☆ A California millennial who makes six figures says it feels like he has to choose between buying a home, starting a family, and advancing his career: 'I feel behind financially'
▼ + stars: | 2024-06-19 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

The 33-year-old financial advisor, who's based in Santa Monica, California, made roughly $130,000 last year, according to a document viewed by Business Insider. This story is available exclusively to Business Insider subscribers. To feel "rich," Stroup estimated that he'd need an annual income of about $400,000 to $500,000 a year — more than triple his 2023 earnings. In January, Business Insider estimated that it would cost parents about $26,000 to care for a small child in 2024. AdvertisementWith all these expenses to consider, it might make sense for Stroup to move somewhere with lower housing costs.

Persons: —, Christopher Stroup's, who's, he's, he'd, Stroup, hasn't, Santa Monica, there's, aren't, I'd Organizations: Service, Business, Santa Locations: Los Angeles, Santa Monica , California, Santa Monica, Cincinnati, Bakersfield , California, Bakersfield, Troy , Pennsylvania

☆ In 'Operation Endgame,' global law enforcement teamed up in their biggest battle against hackers. It's a start.
▼ + stars: | 2024-06-19 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. 'Largest ever operation against botnets'Europol called the sting the "largest ever operation against botnets, which play a major role in the deployment of ransomware." As part of the operation, the law enforcement agencies shut down at least four malware groups or "droppers" known as "IcedID," "Smokeloader," "Pikabot," and "Bumblebee." Mitrano said "Operation Endgame," is a "very important first step, but we have to keep going." AdvertisementThe "biggest problem" in the malware world, according to Holt, is that there is always a different iteration of malware on the horizon.

Persons: —, Adam Wandt, John Jay, botnets, Europol, Christopher Wray, alarmingly, Wandt, Ransomware, Tracy Beth Mitrano, it's, Mitrano, Thomas Holt, cybercrime, Holt, Cybercriminals, Wray, borderless cybercrime Organizations: Service, Business, European Union, FBI, cybercrime, New, John, John Jay College of Criminal, botnets, Cornell University, of Criminal Justice, Michigan State University Locations: Ukraine, Armenia, Europe, cryptocurrency, United States, Holt, ransomware

☆ New Zealand prime minister hitches ride on commercial plane after jet breaks down
▼ + stars: | 2024-06-18 | by ( Lilit Marcus | ) edition.cnn.com time to read: +2 min

But an Air New Zealand plane had a very different reason for making an unplanned stop yesterday – they were picking up the country’s prime minister after his government aircraft broke down. New Zealand Prime Minister Christopher Luxon and a group of prominent business leaders were en route to Tokyo for a summit with Japanese Prime Minister Fumio Kishida. They were traveling on a Royal New Zealand Defense Force plane, which stopped in Port Moresby, Papua New Guinea to refuel. Luckily, one of the 50-some business leaders in the delegation was Air New Zealand (ANZ) CEO Greg Foran. Coincidentally, Luxon, who was elected in 2023, spent seven years as the CEO of Air New Zealand before getting into politics.

Persons: Christopher Luxon, Fumio Kishida, couldn’t, Greg Foran, Luxon, Judith Collins, ” Collins, “, Jacinda Ardern, country’s Scott Organizations: CNN, Zealand, Japanese, Royal New Zealand Defense Force, Boeing, Air New Zealand, ANZ, Port Moresby, Kiwi, Newstalk ZB, “, country’s Locations: ., Tokyo, Port Moresby, Papua New Guinea, Auckland, New Zealand, Antarctica, Italian

Search resuls for: "Christopher"

25 mentions found