DIRS.INFO The most relevant business & tech news

☆ The housing affordability crisis has boosted migration to areas vulnerable to floods, wildfires, and extreme heat
▼ + stars: | 2023-07-25 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

More people are moving into disaster-prone areas than moving out, Redfin reported. Almost half of recently moved Americans think climate risks may impact home prices. The figure for areas at risk of wildfires was 446,000, up 51%, and areas vulnerable to extreme heat saw 629,000 more people come in than leave, a 17% rise. Such regions have ample housing availability, but are more exposed to dangers such as hurricanes and wildfires. According to a previous report that also observed the migration trend to disaster-prone areas, climate-fueled risks are expected to tick up, forcing further movement.

Persons: Redfin, That's, Daryl Fairweather, It's, DeltaTerra's Capital Dave Burt — Organizations: Service, Redfin, DeltaTerra's Capital Locations: Wall, Silicon, Florida , Texas, Arizona, Florida, Louisiana

☆ What It’s Like to Live With a Tick-Borne Disease
▼ + stars: | 2023-07-24 | by ( Dana G. Smith | More About Dana G. Smith | ) www.nytimes.com time to read: +1 min

This includes not only Lyme, but other tick-borne infections that used to be rare, like babesiosis. “We basically have tick-borne diseases almost everywhere,” in the United States, Dr. Pritt said. Lynley Smith, 43, knew about the heightened risk of Lyme disease in Maine when she vacationed with her family there last summer. Over the next few days, Ms. Smith felt progressively worse. On the seventh day of her symptoms, Ms. Smith noticed a large, round rash on the right side of her torso.

Persons: “, ”, Bobbi Pritt, Pritt, Lynley Smith, Smith, Smith hadn’t Organizations: Mayo Clinic, Lyme Locations: Lyme, United States, Maine, Baltimore

☆ Signs are emerging that the IPO market can make a comeback soon
▼ + stars: | 2023-07-23 | by ( Valida Pau | ) www.cnbc.com time to read: +4 min

"I think a lot of people in my world and IPO world are expecting this V-shaped recovery for the IPO market." The IPO market had been in the doldrums since February 2022, when Russia's invasion of Ukraine began. It was a small but positive sign for the many tech deals waiting for a better IPO market." Some signs are emerging that the IPO market is starting to thaw out. Ultimately, that's what we need for the IPO market to heat back up," said Daniels.

Persons: we'll, Barrett Daniels, ‍, Doordash, bode, Matthew Kennedy, Kennedy, Daniels, — Organizations: Publicly, Deloitte, GE HealthCare, Lucid, Agilon Health, Water Works, Renaissance, Clearwater Analytics, Tech, Federal Locations: Ukraine, Clearwater, Cava

☆ Brian Harman powers to 2023 Open Championship victory, clinching first career major
▼ + stars: | 2023-07-23 | by ( Jack Bantock | ) edition.cnn.com time to read: +19 min

CNN —Brian Harman won the 151st Open Championship on Sunday, sealing the first major of his career in dominant fashion. When Faldo birdied at the subsequent hole, Hoch's hopes of a first major win similarly went up in the air. David Cannon/Getty Images Europe/Getty Images Lorena Ochoa, US Women's Open (2005) Ochoa secured a top-four finish at the 2005 US Women's Open. Not when you led at the final hole. A par at the final hole would have been enough to put the American into the playoff, but an agonizing missed putt [pictured] epitomized her painful afternoon in San Francisco.

Persons: Brian Harman, Australia’s Jason Day, Austria’s Sepp Straka, Tom Kim, Jon Rahm, Harman, “ I’m, ” Harman, Osullivan, Brooks Koepka, Wyndham Clark, Rahm, Kim, Rory’s, Argentina’s Emiliano Grillo, ” McIlroy, “, ”, Luke Walker, Greg Norman, France’s Jean van de Velde, –, McIlroy, Andrew Redington, Sam Snead, Snead, Lew Worsham, Louis, Arnold Palmer, Palmer, Billy Casper, Casper, Ed Sneed, Sneed, Fuzzy Zoeller, Tom Watson, Watson, Scott Hoch, Hoch, Nick Faldo, skyward, Faldo birdied, Hoch's, Mark Calcavecchia, Calcavecchia, Colin Montgomerie, Germany's Bernhard Langer, Norman, Faldo, David Cannon, Jean Van De Velde, Van De, Van De Velde, Frenchman, Barry Burn, Paul Lawrie, Lorena Ochoa, Ochoa, Birdie Kim, Harry, Phil Mickelson, Mickelson, Lefty, Geoff Ogilvy, Ezra Shaw, Stewart Cink, Warren Little, Dustin Johnson, Johnson, Graeme McDowell, Donald Miralle, Jason Dufner, Dufner, Keegan Bradley, Bradley, Adam Scott, Ernie Els, Scott, Jordan, Buddy, Jordan Spieth, Danny Willett, Spieth, Jim Watson, Lexi Thompson, Yuka Saso, Thompson, Sean M, Mito Pereira, Pereira, Justin Thomas, Will Zalatoris, Christian Petersen, Van de Velde, Stuart Franklin, Ghostbuster Harman, Tommy Fleetwood, Read, Brian Harman shrugs, unflappable Organizations: CNN, 151st, PGA, Reuters, Northern, Royal Liverpool, PGA Championship, North, Louis Post, Bettmann, Augusta, Augusta National, Getty, Ryder, American, Scottish, Team Europe, . Augusta National, Barry Burn . Pictures, South Korean, Chevron, Royal Lytham, Nasa, Mito, Southern Hills Country Club, eventual Locations: Royal Liverpool, South, Georgia, Carnoustie, Augusta, North America, San Francisco, Kiawah, Europe, Jean Van De Velde , British, Scotland, Mexican, British, Turnberry, Atlanta, American, New York, St, Annes, squander, Tulsa, Liverpool, Harman’s

☆ What you need to know about ticks
▼ + stars: | 2023-07-22 | by ( Kate Golembiewski | ) edition.cnn.com time to read: +8 min

There are more than 800 species of ticks found around the world, and 84 that have been documented in the United States. The most common ones are blacklegged ticks (also known as deer ticks, but they feed on lots of animals besides deer), lone star ticks, American dog ticks and brown dog ticks. Both male and female ticks feed on blood by inserting their barbed, straw-like mouthparts into the skin of their host (unlike mosquitoes, which only bite if they’re females preparing to lay eggs). However, only female ticks drink to the point that they become engorged. Yes, they can be a public health concern, but we don’t want you to let ticks keep you indoors,” she said.

Persons: ”, Kait Chapman, Thomas Mather, ” Chapman, Lyme, they’ll, “, Mather, Chapman, permethrin, Kate Golembiewski Organizations: CNN, University of Nebraska, University of Rhode, Vector, Environmental Protection Agency Locations: United States, Lincoln, University of Rhode Island, Lyme, Chicago

See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. Mortgage Rates for Buying a Home30-year Fixed Mortgage Rates Increase (+0.17%)The current average 30-year fixed mortgage rate is 6.60%, up 17 basis points since this time last week. 20-year Fixed Mortgage Rates Go Up (+0.45%)The average 20-year fixed mortgage rate is up from last week and sits at 6.46%. 15-year Fixed Mortgage Rates Rise (+0.25%)The average 15-year fixed mortgage rate is 5.93%, an increase from last week. Mortgage Refinance Rates30-year Fixed Refinance Rates Spike (+0.58%)The average 30-year refinance rate is 7.38%, which is 58 basis points higher compared to last week.

Persons: Freddie Mac, you'll, refinance, It's Organizations: Mortgage, Zillow Locations: Chevron

☆ A 'major revolution' is underway in the food industry. How to invest in the rise of alternative meat
▼ + stars: | 2023-07-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +12 min

"The food industry is undergoing a major revolution," Telsey Advisory Group analyst Sarang Vora wrote in a June 26 note. The rise, fall and future of plant-based meat Plant-based meat has been around for decades. The firm is forecasting a $450 billion market opportunity for cultivated meat by 2040, perhaps reaching 20% of the global meat market. Investing in cultivated meat For investors interested in getting in on the cultivated meat "revolution," it is still early stages, said Telsey's Vora. Archer-Daniels-Midland also recently announced it is collaborating with Believer Meats on new ways to develop and commercialize cultivated meat products.

Persons: Sarang Vora, Tyson, that's, we've, Alec Lucas, Laine Clark, it's, Clark, We'll, Hiral Patel, Brazil —, Institute's Clark, We're, It's, Telsey's, Kellogg, Steve Cahillane, Steakholder, Ben Haynor, — CNBC's Michael Bloom Organizations: Advisory, Department of Agriculture, Foods, McKinsey & Company, Tyson Foods, Kellogg, Global, Food Innovation, Whole Foods, Food Institute, CNET, Barclays, McKinsey, Daniels, Midland, Reuters, Steakholder, Global Partners Locations: Jordan, United States, U.S, Norway, China, India, Brazil

☆ Oil ticks up as markets assess falling inventories, potential Chinese stimulus
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +2 min

July 21 (Reuters) - Brent oil prices rose in Asian trading on Friday, as markets assessed the prospect of economic stimulus in China after weak economic data, falling inventories in the U.S. and supply cuts from key producers. China's weak economic figures had kept a lid on prices through the week. However, sentiment across commodity markets has picked up on hopes the central government would roll out more stimulus measures to support the economy. Higher crude prices have come "on positive commentary on China stimulus and looked through impacts from the stronger U.S. dollar index," National Australia Bank analysts said in a note. U.S. crude inventories (USOILC=ECI) fell last week, supported by a jump in crude exports as well as higher refinery utilisation, the Energy Information Administration (EIA) said on Wednesday.

Persons: Brent, WTI, Arathy Somasekhar, Andrew Hayley, Leslie Adler, Lincoln, Jamie Freed Organizations: Brent, U.S, West Texas, National Australia Bank, Beijing, ANZ Bank, ANZ, Energy Information Administration, Thomson Locations: China, U.S, Saudi Arabia, Russia, Riyadh, Moscow, Houston, Beijing

☆ Is Ukraine's counteroffensive failing? Defense experts say the risks facing Kyiv are growing
▼ + stars: | 2023-07-21 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Global Images Ukraine | Getty Images News | Getty ImagesFor Michael Clarke, a defense analyst and former director-general of the Royal United Services Institute (RUSI) think tank, there's a risk that the first phase of the counteroffensive, designed to probe Russia's defenses, takes too long. Global Images Ukraine | Getty Images News | Getty ImagesKonrad Muzyka, a military intelligence specialist and president of Rochan Consulting, said "the weather has always been the factor" for Kyiv. But Kyiv says its forces are conducting counteroffensive actions in at least three areas and are operating against a backdrop of increased Russian offensive operations. Ukraine's defense ministry claims that its forces have liberated around 210 square kilometers (81 square miles) of occupied territory since June. Anatolii Stepanov | Afp | Getty Images

Persons: —, Michael Clarke, Clarke, Konrad Muzyka, Muzyka, Yuriy Sak, Sak, Anatolii Stepanov Organizations: 110th Brigade, Territorial Defense, Anadolu Agency, Getty, Military, Royal United Services Institute, CNBC, Rochan Consulting, Kyiv, Afp Locations: Novodarivka, Luhansk, Ukraine, Kharkiv, Kherson, Ukrainian, Bakhmut, Donetsk, Russian, Russia, Vuhledar, Yuriy, Siversk

☆ Oil steady as weak Chinese economic data offsets gains from lower oil stocks
▼ + stars: | 2023-07-21 | by ( ) www.cnbc.com time to read: +1 min

OPEC Secretary General Haitham Al Ghais said finger-pointing and misrepresenting the actions of OPEC and OPEC+ was "counterproductive." Brent futures rose 3 cents to $79.67 a barrel by 0016 GMT, while U.S. West Texas Intermediate, or WTI, crude climbed 9 cents to $75.74 a barrel. Brent was on track to close down 0.2% for the week, while WTI was set to tick up 0.4%. Higher interest rates could slow economic growth and reduce oil demand. Keeping a lid on prices, however, were China's weak economic figures.

Persons: Haitham Al Ghais, Brent, WTI Organizations: U.S, West Texas, Energy Information Administration, Federal Locations: OPEC

☆ JPMorgan sees 'material upside' for this once-troubled regional bank
▼ + stars: | 2023-07-20 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Western Alliance has put the spring's regional banking crisis in the rearview mirror and will be able to sustain its recent rally, according to JPMorgan. Shares of the bank rose more than 7% on Wednesday after the report was released. WAL 5D mountain Shares of Western Alliance rose sharply on Wednesday. But even with that rally, the stock is still down about 37% from where it ended February, before the regional banking crisis. The firm's new price target represents upside of nearly 30% from where Western Alliance's shares closed on Wednesday.

Persons: Steven Alexopoulos, Alexopoulos, FactSet's, — CNBC's Michael Bloom Organizations: Western Alliance, JPMorgan, Western Locations: Republic

☆ Ricciardo says he's refreshed and ready to go
▼ + stars: | 2023-07-20 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

July 20 (Reuters) - Daniel Ricciardo said he was refreshed and ready to go for a Formula One comeback with AlphaTauri at the Hungarian Grand Prix that he hopes will lead to a dream return to dominant champions Red Bull. The eight times grand prix winner has replaced Dutch driver Nyck de Vries at Red Bull's sister team for the rest of the season. "The dream is a Red Bull seat but there is no 'this is what you need to do'," said Ricciardo, who had been due to spend the 2023 season as Red Bull reserve while assessing his future after a tough two years at McLaren. Red Bull boss Christian Horner said this week that Ricciardo had returned with some 'bad habits' but was now back to the driver of old. "I think the time off was really, really beneficial for me and I'm in a place now where I'm just hungry and ready to go...so, pretty pumped."

Persons: Daniel Ricciardo, AlphaTauri, Red Bull, Nyck de Vries, Red, Mexican Sergio Perez, Max Verstappen, Ricciardo, I've, I'm, Bull, de Vries, it's, Oscar Piastri . Red Bull, Christian Horner, It's, Alan Baldwin, Toby Davis Organizations: Formula, Red, Red Bull, McLaren, Silverstone, Renault, Thomson Locations: Hungarian, Dutch, Mexican, Budapest, London

☆ Canada's inflation rate drops to 27-month low; food prices still elevated
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, July 18 (Reuters) - Canada's annual inflation rate dropped more than expected in June to 2.8%, a 27-month low, though food prices remain elevated, Statistics Canada data showed on Tuesday. Grocery prices rose 9.1% year-over-year in June, a tick higher than the increase recorded in May. Prices of food from restaurants slowed slightly in June than in May. Excluding food and energy, prices rose 3.5% compared with a 4.0% rise in May. The average of two of the Bank of Canada's (BoC) core measures of underlying inflation, CPI-median and CPI-trim, came in at 3.8% compared with 3.9% in May.

Persons: Ismail Shakil, Dale Smith Organizations: OTTAWA, Statistics, Reuters, Bank of Canada's, Thomson Locations: Statistics Canada, China, Ottawa

☆ Best 1-Year CD Rates
▼ + stars: | 2023-07-18 | by ( Martha C. White | ) www.wsj.com time to read: +7 min

Best 1-year CD ratesToday’s market for one-year CDs is big and very competitive—good news for yield-seekers. To help you find the best yields you can get today, here are some one-year CDs with the highest APYs currently on the market. These picks reflect the best available one-year CD rates as aggregated by DepositAccounts, com, which tracks roughly 275,000 rates at more than 11,000 banks and credit unions, and Buy Side from WSJ’s own research. Increased competition for your dollars today means that the best one-year CD rates come very close to tracking the movement of the Fed’s benchmark federal-funds rate, says DepositAccounts.com founder Ken Tumin. We concentrated on rates available across the U.S., although you might find a great one-year CD rate at a local community bank or credit union near you.

Persons: Martha C, Banks, Ken Tumin, Tumin, “, ” Tumin, you’re, ”, Kathy Carey, Baird Organizations: Federal Reserve, FDIC, National Credit Union Administration Locations: U.S

☆ Gold prices tick up as traders await Fed cues
▼ + stars: | 2023-07-18 | by ( ) www.cnbc.com time to read: +2 min

Gold bars of different sizes lie in a safe on a table at the precious metals dealer Pro Aurum. Spot gold rose 0.3% to $1,959.54 per ounce by 0359 GMT. While the upcoming Fed meeting might temporarily dim the appeal of gold, "the Fed is closer to end of tightening cycle," said OCBC Executive Director and FX Strategist Christopher Wong. "We also favor long gold as a risk-off hedge (safe haven proxy) against slowing global growth or any risk-off market event," Wong added. Investors will also watch for U.S. retail sales data for June later in the day while weak Chinese economic data released the previous day continued to weigh on sentiment.

Persons: Christopher Wong, Wong, Janet Yellen Organizations: Aurum, U.S, U.S . Federal, Bloomberg TV, European Central Bank, Bank of England, Reserve Bank of Australia's Locations: United States, U.S ., U.S

OTTAWA, July 18 (Reuters) - Canada's annual inflation rate dropped more than expected to a 27-month low of 2.8% in June, data showed on Tuesday, led by lower energy prices while food and shelter cost increases persisted. Month-over-month, the consumer price index was up 0.1%, Statistics Canada said, which was also lower than the 0.3% forecast. "Inflation is definitely moving in the right direction, but we're seeing stickier and more persistent core measures," said Michael Greenberg, senior vice president and portfolio manager at Franklin Templeton Investment Solutions. The average of two of the Bank of Canada's (BoC) core measures of underlying inflation, CPI-median and CPI-trim, came in at 3.8% compared with 3.9% in May. "The Bank of Canada's preferred measures of core inflation, which exclude significant moves in individual categories, show that underlying price pressures remain sticky," said Royce Mendes, head of macro strategy at Desjardins Group.

Persons: stickier, Michael Greenberg, Royce Mendes, Mendes, We're, Jules Boudreau, Ismail Shakil, Steve Scherer, Fergal Smith, Nivedita Balu, Dale Smith, Will Dunham, Alexandra Hudson Organizations: OTTAWA, Reuters, Statistics, Bank of Canada's, Franklin Templeton Investment Solutions, Canada's, Desjardins Group, The Bank of Canada, Mackenzie Investments, Canadian, Alexandra Hudson Our, Thomson Locations: Statistics Canada, Mackenzie, China, Ottawa, Toronto

Mortgage rates spiked dramatically last week, with 30-year mortgage rates nearing 7%. Slowing inflation in June allowed mortgage rates to fall somewhat, and they may trend down further once the Federal Reserve stops hiking rates. See more mortgage rates on Zillow Real Estate on ZillowMortgage Refinance Rates TodayMortgage type Average rate today This information has been provided by Zillow. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. But whether mortgage rates will drop in 2023 hinges on if the Federal Reserve can get inflation under control.

Persons: Fannie Mae, they'll Organizations: Federal Reserve, Zillow, Fed, Mortgage, Association, Sky, ARM Locations: Chevron

☆ Asia shares struggle as China fails to stimulate
▼ + stars: | 2023-07-17 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

China reported economic growth of 0.8% in the second quarter, above the 0.5% forecasted, while the annual pace slowed more than expected to 6.3%. That followed figures out over the weekend showed China's new home prices were unchanged in June, the weakest result this year. "Markets have already adjusted lower their expectations (for stimulus), and our base case is that there won't be a substantial package." MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.3%, though that follows a 5.6% rally last week. S&P 500 futures and Nasdaq futures were both off a fraction, but that followed hefty gains last week.

Persons: Carol Kong, Tesla, Morgan Stanley, Goldman Sachs, disinflation, Michael Feroli, Sterling, Brent, Wayne Cole, Lincoln Organizations: Japan's Nikkei, FTSE, Nasdaq, Bank of America, Netflix, JPMorgan, ., Bank of England, CBA, Thomson Locations: Japan, China, SYDNEY, Beijing, Asia, Pacific, Libya

☆ Asia shares slip as China data underwhelms
▼ + stars: | 2023-07-17 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

China reported economic growth of 0.8% in the second quarter, above the 0.5% forecasted, while the annual pace slowed more than expected to 6.3%. Industrial output topped forecasts with a rise of 4.4%, while retail sales missed by a tick at 3.1%. That followed figures out over the weekend showed China's new home prices were unchanged in June, the weakest result this year. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.2%, though that follows a 5.6% rally last week. S&P 500 futures and Nasdaq futures were both off 0.1%, but that followed hefty gains last week.

Persons: Carol Kong, Tesla, Morgan Stanley, Goldman Sachs, disinflation, Michael Feroli, Sterling, Brent, Wayne Cole, Lincoln Organizations: Japan's Nikkei, FTSE, Nasdaq, Bank of America, Netflix, JPMorgan, ., Thomson Locations: Japan, China, SYDNEY, Beijing, Asia, Pacific, Libya

☆ Australia expects unemployment rate to rise as global economy slows
▼ + stars: | 2023-07-16 | by ( ) www.reuters.com time to read: +1 min

SYDNEY, July 16 (Reuters) - Australian Treasurer Jim Chalmers said on Sunday that he expected the nation's jobless rate to lift from near a 48-year low on the back of higher interest rates and slowing global growth. The Reserve Bank of Australia (RBA) has said the jobless rate would need to rise to about 4.5% - still well below pre-pandemic levels - to bring the economy back into balance. Unemployment was expected to lift "a bit as the economy slows as a consequence of higher interest rates and global economic uncertainty", Chalmers said ahead of attending a meeting of Group of 20 (G20) finance ministers and central bankers in India with outgoing RBA Governor Philip Lowe. The RBA this month kept the cash rate at an 11-year high of 4.10%, having lifted rates by 400 basis points since May last year, but warned that further tightening might be needed. Reporting by Sam McKeith in Sydney; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Jim Chalmers, Chalmers, Philip Lowe, Sam McKeith, Jamie Freed Organizations: SYDNEY, Bank, Treasury, Australian Broadcasting Corp, Reserve Bank of Australia, Australian Bureau, Statistics, Thomson Locations: India, Sydney

☆ Americans' wages are finally outpacing inflation. But could it last?
▼ + stars: | 2023-07-16 | by ( Alicia Wallace | ) edition.cnn.com time to read: +5 min

For more than two years, persistent and pervasive inflation has taken big bites out of Americans’ paychecks. Annual real weekly wages were up 0.6% last month, a rate that’s a tick below the 0.7% gain seen in February 2020. June also marked the second consecutive month of year-over-year real hourly wage growth — the first back-to-back months of gains since early 2021. Fears of a dreaded “wage-price spiral” — when rising wages and prices feed into each other — have made a bogeyman out of wage growth. And finally, supply-side inflation has drastically cooled to the point where annual inflation is practically flat — which, ideally, gives firms more wiggle room to pay workers, she said.

Persons: hasn’t, ’, That’s, ”, William Ferguson, Gertrude B, Austin, it’s, Alex Pelle, “, Sung Won Sohn, Ben Bernanke, ” Pelle, Julia Pollak, they’ve Organizations: Minneapolis CNN, Bureau of Labor Statistics, Grinnell College, stoke, Mizuho Securities, Loyola Marymount University, SS, San Francisco Fed, BLS Locations: Minneapolis, Iowa

☆ A top Wall Street strategist says the stock-market rally is due for a reversal as a bubble forms — and warns investors not to equate surging prices with a healthy underlying economy
▼ + stars: | 2023-07-15 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Plus, falling inflation means weaker pricing power, and therefore weaker revenue growth, Kantrowitz said. If you look at long-term earnings growth, we're sitting near record-low levels. Long-term growth expectations, shown in gray, are near all-time lows. The PEG ratio takes into account longer-term future earnings, as opposed to the more present-based price-to-earnings ratio. He added: "For all intents and purposes, the PEG ratio has never been higher in a normalized backdrop."

Persons: Piper Sandler's Michael Kantrowitz, Michael Kantrowitz, Piper Sandler, Kantrowitz, David Rosenberg, Rosenberg, downturns, Albert Edwards, Edwards, I'm Organizations: PMI, Treasury, Generale

☆ Elon Musk's scheme to pay big Twitter accounts is rewarding his favorite trolls but probably won't entice major creators
▼ + stars: | 2023-07-14 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +5 min

Twitter announced Thursday it would start sharing ad revenue with some creators. Elon Musk has started sharing Twitter's ad revenue with a handful of accounts, hoping to incentivize the best creators to put their content on his platform. Twitter announced Thursday that creators would now be eligible to some of the company's ad revenue, "to help people earn a living directly" on the platform. But on the rare occasion Donaldson reveals how much ad revenue he makes, it is surprisingly little. Ad revenue traditionally aids smaller accounts who don't have their own brand deals — YouTube monetization is open to anyone with 1,000 subscribers.

Persons: Twitter, Elon Musk, Taylor Lorenz, Andrew Tate, Ian Miles Cheong, Rogan O'Handley, Tate, Wokeness, He's, It's, Linette Lopez, Paul, — Jimmy Donaldson, MrBeast —, Donaldson, Honey Organizations: Morning, Twitter, Washington Post, YouTube, CSGO Lotto Locations: Romania, TikTok, YouTube, Twitter's

☆ Morning Bid: Banks lob earnings into giddy markets
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +4 min

But there's likely to be a scattering of the herd in terms of performance during that three months. For universal banks such as JPMorgan and Wells Fargo that serve retail consumers and firms, earnings per share are expected to have jumped more than 40% over the previous year. Overall, the U.S. earnings season is expected to show S&P500 profits down 6.4% from the same period a year earlier - with revenue down a more modest 0.8%, according to Refinitiv research. Stock markets around the world and S&P500 futures held most of their outsize weekly gains, however, and were mostly flat into the open. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Dolan, Wells, behemoths Goldman Sachs, Morgan Stanley, Christopher Waller, that's, Toby Chopra Organizations: Federal Reserve, JPMorgan, Citigroup, Bank, Export, Stock, Nasdaq, Bank of Japan, University of Michigan, European Union, Brussels Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Wells Fargo, BlackRock, China, Brussels

☆ Twitter paid out $100K to an account that reposts other people's stuff, despite Musk claiming to oppose that
▼ + stars: | 2023-07-14 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Am account that reposts viral posts is among the big beneficiaries of Twitter's new monetization scheme. The "Internet Hall of Fame" account appears to have netted $100,000 from the scheme. Musk previously said that accounts based on "theft" of others' post would not get paid. The "internet hall of fame" account, which has 1.9 million followers and describes itself as highlighting the "best of the internet," in a screenshot Thursday was shown to have been paid $107,247.00. He didn't define exactly what he meant by "theft of posts," and it isn't totally clear whether Internet Hall of Fame would meet that definition.

Persons: Oliver Alexander, Elon Musk, Oliver, Musk, Andrew Tate, Twitter Organizations: of Fame, Morning, Twitter, Copyright, Washington Post

Search resuls for: "Tick"

25 mentions found