DIRS.INFO The most relevant business & tech news

☆ Caution creeps into world stocks as Fed gets ready to hike big again
▼ + stars: | 2022-11-02 | by ( Dhara Ranasinghe | ) www.reuters.com time to read: +4 min

Another aggressive rate hike to contain hot inflation when the Fed conclides its two-day meeting later is anticipated. For markets, the key question is whether the Fed will also signal it could slow additional rate hikes, in a so-called dovish pivot. European stock markets opened higher, but moved lower as the day wore on. U.S. stock futures, which provide an indication of how Wall Street will open, also lost some of their strength and were mixed , . The robust dollar retreated in October on speculation the Fed might indicate a slowdown in its aggressive tightening campaign.

☆ World stocks upbeat, even as Fed gets ready to hike big again
▼ + stars: | 2022-11-02 | by ( Dhara Ranasinghe | ) www.reuters.com time to read: +4 min

For markets, the key question is whether the Fed will also signal it could slow additional rate hikes, in a so-called dovish pivot. European stock markets opened mostly firmer (.STOXX), Asian shares outside Japan rallied to a two-week high (.MIAPJ0000PUS) and U.S. equity futures pointed to a firm open for Wall Street , . Cummins expects the Fed to step down to a 50 bps hike in December. It fell 0.75% against the Japanese yen to 147.16 yen amid fears of intervention from authorities and thin liquidity. The robust dollar has pulled back in October on speculation the Fed might indicate a slowdown in its aggressive tightening campaign.

☆ Asian shares rise, dollar dips ahead of Fed policy decision
▼ + stars: | 2022-11-02 | by ( Stella Qiu | ) www.reuters.com time to read: +5 min

European markets looked set to extend the cautious optimism, with the pan-region Euro Stoxx 50 futures up 0.5%. However, traders are split on the size of the hike in December, with futures market pricing in a 44.5% probability of a 50-bps increase, according to CME's Fed tool. It fell 0.5% against the Japanese yen to 147.6 yen amid fears of intervention from authorities and thin liquidity. In commodities, oil climbed after industry data showed a surprise drop in U.S. crude stockpiles, suggesting demand is holding up. U.S. crude oil futures rose 1.4% to $89.65 per barrel, while Brent crude futures was up 1.2% at $95.82.

☆ Asian shares waver, dollar dips ahead of Fed policy decision
▼ + stars: | 2022-11-02 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

However, traders are split on the size of the hike in December, with futures market pricing in a 44.5% probability of a 50-bps increase, according to CME's Fed tool. Cummins expects the Fed to step down to a 50 basis point rate hike in December. That sparked a reversal in Treasury yields and lifted market bets on interest rates to above 5% next year. In commodities, oil climbed after industry data showed a surprise drop in U.S. crude stockpiles, suggesting demand is holding up. U.S. crude oil futures rose 0.5% to $88.93 per barrel, while Brent crude futures was up 0.4% at $94.98.

Voters in at least two states have received false information about how to vote through text messages in recent days, with little idea who’s behind them. It wasn’t immediately clear how many people received the text messages. Obtained by NBC NewsExperts have warned that text messages that mislead people about how to vote are a particularly tricky problem. It’s not difficult for a malicious actor to hide where a text message comes from, and the Federal Communications Commission loosened restrictions on political text messaging before the 2020 election. Kansans were targeted with misleading text messages this year in relation to an abortion referendum.

U.S. law enforcement has circulated bulletins warning that conspiracy theorists could become violent around the midterm elections on Nov. 8. The bulletins, obtained by NBC News, are unclassified but intended only for law enforcement. One of the bulletins, issued Friday by the Department of Homeland Security, the FBI and the National Counterterrorism Center, and marked “for official use only,” warned about domestic violent extremism, or DVE in law enforcement circles. “The most plausible DVE threat is posed by lone offenders who leverage election-related issues to justify violence,” it said. Those include an Oct. 10 post on the fringe social media platform Gab in which a user wrote, “Death penalty for election fraud!

But despite the occasional lavish trip, Brady and Bündchen were the rare celebrity couple that can actually afford to live a megastar lifestyle but opted to live more modestly — relative to other high-earning megastars, at least. Now they live separately. Kevin C. Cox/Getty Images

A sprawling online propaganda campaign that pushes pro-China messaging has been trying to influence American voters, researchers say. Two companies that study large-scale online influence operations published research this week showing that a pro-China campaign was active and targeting the U.S. midterm elections as recently as this month. But such efforts show that pro-China influence operations targeting the West are experimenting with new tactics and are increasingly aimed at shaping American elections. The other report, from social media analytics firm Alethea, found 165 Twitter accounts that misled users about who they were and posted pro-China messages in English. “Speculating or accusing China of using social media to interfere in the US midterm elections is completely groundless and malicious speculation.

☆ 'Unloved, undervalued' UK stocks back in focus on Rishi Sunak stability hopes
▼ + stars: | 2022-10-25 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Britain's new Prime Minister Rishi Sunak walks past Larry the cat outside Downing Street, in London, Britain, October 25, 2022. "The fact that we have Rishi Sunak as prime minister is definitely calming on markets. We believe that it is under owned, it's unloved, undervalued, and there is some upside from here." Sunak in his inaugural speech outside Downing Street on Tuesday stressed the importance of "economic stability and confidence" while warning of "difficult decisions to come." Central to the potential stability narrative, as far as U.K. markets are concerned, is the assumption that the central bank will now be less aggressive in raising interest rates.

☆ If TikTok wants to compete with Amazon, building US fulfillment centers is a great way to fail, according to e-commerce logistics experts. Here's what to do instead.
▼ + stars: | 2022-10-25 | by ( Emma Cosgrove | Dan Whateley | ) www.businessinsider.com time to read: +7 min

TikTok is diving into e-commerce as it builds out a US fulfillment and shipping logistics team. As TikTok takes its initial steps into the physical side of e-commerce, several logistics experts told Insider not to expect the company to follow Amazon's playbook. "If you want to be anything like what Amazon has built you are $100 billion behind," Matthew Hertz, cofounder of e-commerce logistics consultancy Second Marathon, said. Shein is one Chinese company that has managed this transition successfully, by focusing on the niche but fast-growing field of cross-border e-commerce logistics. Japanese e-commerce company Rakuten acquired two US fulfillment companies in 2019 only to combine them and sell them back to the founder of one this year.

☆ Rory McIlroy fulfills promised return to world No.1 position after CJ Cup title defense
▼ + stars: | 2022-10-24 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

CNN —When Rory McIlroy won the 2021 CJ Cup, he insisted he was still capable of being the world’s best golfer. It marks the ninth occasion the 33-year-old McIlroy has held top spot in his career, with only Tiger Woods and Greg Norman – both 11-time No. Then ranked 8th in the world, McIlroy had given a tearful interview following Europe’s historic 19-9 loss at Whistling Straits, arguing he “should have done more”. If victory in his first subsequent outing had been his way of exorcising any Ryder Cup demons, the Northern Irishman has just gone from strength to strength this year. “I had a really rough Ryder Cup … I was outside the top-10 in the world, it’s not a position that I’m used to being in.

The FBI has warned that an Iranian government-tied hacker group that tried to interfere in the 2020 election is currently active and a threat to the U.S. The group, which federal agencies say operates from an Iranian cybersecurity company called Emennet Pasargad, is engaged in “ongoing” operations to hack and leak material, and may target American organizations, the FBI said Thursday in an industry warning. In October 2020, the FBI announced that Iran was behind the most significant foreign attempt to influence that year’s U.S. elections. Democrats registered to vote in Florida, which makes voter information publicly accessible, received intimidating emails in the weeks before the election, instructing them to become Republicans. It was not clear what organization the FBI was referring to, and the agency did not immediately respond to requests for comment.

☆ Amazon appears to be polling Americans on how they think it treats warehouse workers amid labor uprisings
▼ + stars: | 2022-10-20 | by ( Katherine Long | ) www.businessinsider.com time to read: +3 min

A poll to Americans asked about their perception of pay, safety, and benefits at Amazon warehouses. The bulk of the poll focuses on how respondents perceive Amazon's efforts to improve conditions for its warehouse employees. Market research company Survey 160, a consulting firm co-founded by Obama digital strategy alum Nate Lubin, is conducting the survey, according to a text message to a survey participant seen by Insider. Since then, Amazon has expanded a new workplace safety program, raised wages, and boosted upskilling opportunities for frontline workers. Warehouse activists have in the past two years stepped up complaints over Amazon's grueling productivity expectations, safety risks, and attitude toward organized labor.

As in Danchenko’s trial, Durham failed to convict Sussmann of making false statements to the FBI. And therein lies the reason underlying Durham’s losing trial record. On Monday, during Durham’s closing argument against Danchenko, the special prosecutor made a point of rebuking the FBI’s 2016 investigation. The Hartford Courant reported her concern about “pressure from Barr ... to produce results before the election.”Durham, however, stuck with Barr. And Barr’s energetic attempts after Jan. 6 to rehabilitate his image cannot erase his sad final legacy as a Trump enabler.

☆ Deion Sanders says HBCUs can be a path to the NFL for top players
▼ + stars: | 2022-10-19 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

Jackson State coach Deion Sanders says historically Black college football programs can be a path to the NFL for top recruits, but it is difficult to compete with the wealthier, traditional power schools. Sanders, a Pro Football Hall of Famer who starred with the Falcons, 49ers and Cowboys, is in his third season with Jackson State. I can still make it through there (an HBCU) and they can navigate me to the NFL,” Sanders said Tuesday during an interview on the AP Top 25 College Football Podcast. HBCUs, such as Jackson State and its SWAC rivals, were a goldmine of top talent for decades, in large part because of segregation. “So now it’s becoming an option,” Sanders said.

☆ Analyst who provided Trump-Russia dossier information acquitted of lying to FBI
▼ + stars: | 2022-10-18 | by ( Julia Jester | Julia Jester Is A Producer For Nbc News Based In Washington | ) www.nbcnews.com time to read: +5 min

Prosecutors alleged Danchenko provided false information to the FBI in 2017 when the agency was trying to verify information in a dossier detailing Trump’s alleged ties to Russia that was compiled by former British spy Christopher Steele. The largely unsubstantiated dossier was used by the FBI to support its surveillance of former Trump campaign aide Carter Page. Millian has denied being a source of information for the dossier. When asked by the FBI whether he had talked to Dolan for the information, Danchenko said he had not. Trump had called the dossier fake news and evidence of a political witch hunt against him.

☆ Caron: The market appears to believe the Fed is serious and will deliver the promised fix for inflation
▼ + stars: | 2022-10-17 | 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 EmailCaron: The market appears to believe the Fed is serious and will deliver the promised fix for inflationKevin Caron of Washington Crossing Advisors discusses why his firm is underweight risk assets such as stocks.

☆ The U.S. needs to become the world's energy exporter, says Sen. Kevin Cramer
▼ + stars: | 2022-10-11 | 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 EmailThe U.S. needs to become the world's energy exporter, says Sen. Kevin CramerSen. Kevin Cramer (R-Nd.) joins 'Squawk Box' joins CNBC's 'Squawk Box' to discuss why he's calling on the Biden administration to continue selling oil and gas leases on federal waters.

Last week, Killnet targeted the websites of several U.S. states, successfully knocking Colorado.gov offline for more than a day and briefly interrupting Kentucky.gov. Killnet frequently posts lists of targeted websites on its Telegram channel, encouraging fellow Russia supporters with entry-level hacker skills to join it in trying to disrupt them. The U.S. Department of Transportation and Hartsfield-Jackson Atlanta International Airport didn’t immediately respond to requests for comment. It listed the city of Chicago’s general air travel website, flychicago.com, which was inaccessible Monday, but not that of its major airports, like O’Hare International or Midway International. Similarly, it targeted Hawaii’s state website for air travel, which was also inaccessible, but not Honolulu International.

☆ Return of pet projects in U.S. Congress crowds out funding for others
▼ + stars: | 2022-09-29 | by ( Andy Sullivan | ) www.reuters.com time to read: +7 min

A view shows the city of Glen Ullin, U.S., in this undated photo. Sept 29 (Reuters) - Glen Ullin, North Dakota, was first in line for money to replace its leaky water pipes before Washington cut funding by one-third this spring. The reason: Congress is yet again diverting money to pet projects known as "earmarks. That wasn't an option in North Dakota, whose congressional delegation did not submit any earmark requests this year or last. Glen Ullin probably won't qualify for infrastructure dollars because those are distributed using different criteria, officials say.

WASHINGTON — The Senate voted Tuesday to move forward with funding the government through mid-December ahead of a Friday deadline to avert a shutdown. The short-term funding measure includes money for Ukraine aid, Afghan resettlement, parolees and security enhancements for U.S. courts, among other provisions. Republicans, still angry about Manchin's vote for the Democrats-only bill in August, credibly threatened to tank the government funding bill if his permitting measure was tacked on. During the Senate vote, Manchin reached out to Republicans to discuss restarting negotiations over a permitting package, including Sen. Bill Cassidy, R-La., Cassidy said. "The fact that Joe traded his vote for permitting reform doesn’t make permitting reform any less of a noble venture," Cramer said.

☆ Peloton Seeks First CMO as Marketing Head Exits
▼ + stars: | 2022-09-26 | by ( Katie Deighton | ) www.wsj.com time to read: +3 min

Peloton Interactive Inc. is on the hunt for its first chief marketing officer after Dara Treseder, the company’s global head of marketing, communications and memberships, announced that she was going to leave the fitness technology firm—joining a string of leaders to do so. She is set to join Autodesk, a design and manufacturing software business, as its chief marketing officer on Oct.14. Peloton is now seeking to hire its first ever chief marketing officer, a spokesman for the company said, following Ms. Treseder’s resignation, which was first reported by the New York Times. Peloton doesn’t plan to refill the commercial chief position, a move that, coupled with the CMO headhunt, signifies Mr. McCarthy’s vision to rewrite Peloton’s C-suite roles. Peloton global head of marketing Dara Treseder joined us in Cannes to discuss navigating the complicated conditions of 2022.

☆ Peloton Seeks CMO as Marketing Head Exits
▼ + stars: | 2022-09-26 | by ( Katie Deighton | ) www.wsj.com time to read: +3 min

She is set to join Autodesk, a design and manufacturing software business, as its chief marketing officer on Oct.14. Peloton briefly hired a chief marketing officer in 2016, but months later decided to place its marketing function under the purview of the chief commercial officer, the spokesman said. Peloton global head of marketing Dara Treseder joined us in Cannes to discuss navigating the complicated conditions of 2022. Write to Katie Deighton at katie.deighton@wsj.comCorrections & AmplificationsPeloton has hired a chief marketing officer in the past. An earlier version of this article incorrectly said Peloton is looking to hire its first ever chief marketing officer.

☆ Peloton's head of marketing latest executive to leave company
▼ + stars: | 2022-09-26 | by ( Jack Stebbins | ) www.cnbc.com time to read: +2 min

Peloton's head of marketing is leaving the company, just weeks after a broader executive shake-up at the exercise equipment maker. At Peloton, she oversaw marketing and membership, reporting to CEO Barry McCarthy after the departure of Kevin Cornils, the company's chief commercial officer. She also oversaw Peloton's expansion to Australia and its partnerships with Beyonce and Usain Bolt. Treseder, who previously led marketing teams at Apple and Goldman Sachs, will be taking on the role of chief marketing officer at Autodesk. Peloton said it will look to fill the newly created role of chief marketing officer.

☆ How Peloton went from a pandemic-era success story worth $50 billion to laying off more than 4,000 workers and losing 4 top execs in a month
▼ + stars: | 2022-09-26 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +14 min

Peloton's stock has been trading well below the IPO price of $29 per share, at one point dropping as low as $8.22. Prior to founding Peloton, Foley was president at Barnes & Noble, overseeing its e-commerce business. "I would say that it took about five years for the really smart money to start getting involved," Foley told Insider in 2018. The ad, featuring a woman whose husband gifts her a Peloton bike for Christmas, was viewed as being sexist and playing into outdated standards of beauty. Public outrage over the ad sent Peloton's stock plunging 9%, wiping out $942 million in market value in a single day.

Search resuls for: "Kevin C"

25 mentions found