DIRS.INFO The most relevant business & tech news

☆ Bank of America sees more than 30% upside ahead for this derivative play post-Nvidia earnings
▼ + stars: | 2023-08-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Another blowout quarter from artificial intelligence giant Nvidia should bode well for shares of this derivative play, according to Bank of America. Analyst Brad Lin lifted his price target on U.S.-listed shares of Taiwan Semiconductor Manufacturing to $125, representing 35% upside from Thursday's close. He cited "sustainable and strong" demand for AI products, which should meaningfully benefit the leading AI chipmaker and maker of edge nodes and advanced packaging. So far this year, shares of Taiwan Semiconductor have jumped about 23%, while Nvidia shares have more than doubled. Lin views Taiwan Semiconductor's valuation as attractive at nearly 14 times price-to-earnings and near the lower end of its historical range.

Persons: bode, Brad Lin, Lin, — CNBC's Michael Bloom Organizations: Bank of America, Taiwan Semiconductor Manufacturing, Taiwan Semiconductor, Nvidia, AMD, Marvell, Broadcom Locations: Taiwan

☆ A growing number of sports bras, shirts and leggings brands found with high levels of toxic chemical, watchdog warns
▼ + stars: | 2023-05-17 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +5 min

The newly tested brands and their products include leggings from Athleta, Champion, Kohl’s, Nike and Patagonia, sports bras from Sweaty Betty, athletic shirts from Fabletics and shorts from Adidas, Champion and Nike. The group had also tested athletic shirts in October from brands that included The North Face, Brooks, Mizuno, Athleta, New Balance, and Reebok and found similar results. Athleta, Nike, Reebok, The North Face and Victoria’s Secret (which owns PINK) did not provide a comment to CNN at the time. BPA (Bisphenol A) is found in a large number of everyday products, from water bottles and canned foods to toys and flooring. Sports bras and athletic shirts are worn for hours at a time, and you are meant to sweat in them, so it is concerning to be finding such high levels of BPA in our clothing,” Allan Sugerman said.

Bosch said it plans to invest $1.5 billion to retool TSI's chip production facilities in Roseville, California to start producing silicon carbide chips by 2026. Bosch said the TSI facility would become the "third pillar" of in-house semiconductor production, along with two sites in Germany. The silicon carbide chips Bosch said it will manufacture at the TSI Roseville site are increasingly in demand by electric vehicle manufacturers. U.S-based Wolfspeed Inc (WOLF.N) is building new plants to make silicon carbide chips in New York State and in Germany. Bosch plans to acquire the buildings, machines and infrastructure of TSI as well as well as its commercial semiconductor business.

We're buying 350 shares of Foot Locker (FL), at roughly $40.43 apiece. Following Monday's trade, Jim Cramer's Charitable Trust will own 700 shares of FL, increasing its weighting in the portfolio to 1.06% from 0.53%. There hasn't been a lot of news around Foot Locker dating back to our initial buy in March , with the exception of one key data point. In late March, CEO Mary Dillon disclosed she purchased roughly $500,000 worth of Foot Locker stock , at $39.74 a share — bolstering our confidence in the company's turnaround strategy. Dillon joined Foot Locker last year after a very successful run as CEO of Ulta Beauty (ULTA).

Foot Locker (FL) traded lower early Wednesday after analysts at UBS downgraded their rating on it to sell from neutral and lowered their price target to $30 from $36. One reason why UBS says Foot Locker is challenged is that it thinks Nike (NKE) as a percentage of Foot Locker sales will decline to 55% to 60% from 70% over the next 12 to 18 months. Her expertise is in developing brand partnerships across several different companies, and that's essential for a multi-brand retailer like Foot Locker. Between UBS who put a sell on Foot Locker vs. CEO Mary Dillon who just bought stock, we'll side with the seasoned executive who just kicked off a turnaround plan. Foot Locker exclusive Puma Transformers Trainers released on November 22nd on display on Day 3 of MCM London Comic Con 2018 at ExCel on October 28, 2018 in London, England.

☆ Forget Yeezys. Adidas' new CEO says Sambas and Gazelles are the 'hottest shoe in the market'
▼ + stars: | 2023-03-13 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

Adidas Yeezy is gone, but Adidas terrace shoes like the Samba and Gazelle can pick up the slack. "It's something that if we manage it correctly, can be millions and millions of pairs," he said. Adidas Sambas, Gazelles, and Spezial sneakers, what the company calls Terrace shoes, are having a moment. Gulden called Sambas, Gazelles, and Spezials a very fast-growing "franchise" for Adidas. "I think it's something that if we manage it correctly, can be millions and millions of pairs," Gulden told analysts. "

☆ Adidas thinks this 74-year-old shoe can replace Yeezys
▼ + stars: | 2023-03-11 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

☆ It's the perfect time to start your sneaker collection
▼ + stars: | 2023-01-24 | by ( Danni Santana | ) www.businessinsider.com time to read: +7 min

Inflation and high inventory have created the perfect environment for new sneaker collectors. Sneakers are easier to getMost shoes have become relatively easy to get, said a sneaker collector who goes by Sockjig and is the host of the "Sockjig Sneaker Podcast." Sneakerheads new to the Snkrs app might have a better chance of getting one of those "unicorn" shoes, Sockjig said. Saucony is a popular brand among sneaker collectors following casual-fashion trends. And they've placed the emphasis on the Snkrs app," Burns said.

☆ 6 sneaker trends to keep in 2023 and 2 to leave behind
▼ + stars: | 2023-01-06 | by ( Danni Santana | ) www.businessinsider.com time to read: +1 min

Pair performance shoes with casual wearHokas HOKA ONE ONEChunky performance shoes are now firmly part of casual wear. So expect to see more Hoka One One, Asics, On, and Salomon shoes on feet in 2023 in and out of the gym. "What's interesting is the brands are very performance focused. Another good example of this trend is the Salomon XT-6. "The Salomon XT-6 is a big shoe for 2023 for the simple fact that you get a nice, comfortable shoe that appeals to lots of different consumers, " Bryce Moore, a sneaker and fashion Youtuber, said.

☆ Stylists reveal 6 sneaker trends that are in and 2 that are out for 2023
▼ + stars: | 2023-01-06 | by ( Danni Santana | ) www.businessinsider.com time to read: +1 min

☆ Dad Sneakers Are Fueling Bidding Wars. What Do the Dads Think?
▼ + stars: | 2022-11-08 | by ( Jacob Gallagher | ) www.wsj.com time to read: 1 min

One of the more sought-after sneakers of the moment looks like something my 60-something uncle would wear to mow the lawn. A pared-back version of Japanese running brand Asics’ Gel-Kayano 14 model, produced in collaboration with JJJJound, a Canadian blog turned minimalist clothing brand, these shoes are mostly silver and gray and a bit clunky in shape with mesh-paneling along the toe. Their sexiest descriptor may be “drab.”

☆ The Hot Shoe Right Now Is Called a Dad Sneaker. What Do Dads Think About That?
▼ + stars: | 2022-11-08 | by ( Jacob Gallagher | ) www.wsj.com time to read: 1 min

☆ This 22-year-old survives Lebanon with a bitcoin mining business that's been earning $20,000 a month
▼ + stars: | 2022-11-08 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +18 min

Against this backdrop, Abu Daher jumped into the crypto mining business a little over two years ago. Zoom In Icon Arrows pointing outwards Ahmad Abu Daher repairing mining equipment in the basement of a home in Zaarouriyeh. Ahmad Abu DaherIt has been 26 months since Abu Daher first set up shop, and he says that business is thriving. watch nowBuilding a bitcoin mining businessAbu Daher had a few black swan events on his side soon after he broke into crypto mining. In January, police raided a small crypto mining farm in the hydro-powered town of Jezzine, seizing and dismantling mining rigs in the process.

☆ Monte Carlo: 2022 Top Startups for the Enterprise
▼ + stars: | 2022-11-07 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

Companies and their data analytics teams have more information to work with than ever before, but how do they know the data flowing through pipelines and across enterprise stacks is reliable? That's a question that led to the birth of the "data observability" niche, and has helped to turn some startups quickly into big companies, such as Databricks, and also pushed fellow "Top Startups" company Monte Carlo to a billion-dollar plus valuation. Founded by two executives who previously worked in customer experience and data security, Monte Carlo helps companies ensure that the increasing flow of data isn't only secure, but is available across an enterprise in real-time, leading to improved customer understanding and prevention of costly mistakes. Monte Carlo customers include companies across many sectors of the economy, from JetBlue to Affirm , Autotrader, Compass , Asics, GoodRx , and Shipt. Investors include some of Silicon Valley's largest VC firms, including Accel, GGV Capital and IVP.

☆ Our guide to semiconductor companies and how their chips run our everyday lives
▼ + stars: | 2022-11-01 | by ( Zev Fima | ) www.cnbc.com time to read: +17 min

Semiconductor companies are also in the news a lot lately, whether it's the U.S. government cracking down on chip exports to China or innovations in connected cars and artificial intelligence. Since these companies don't need to invest in expensive fabrication facilities, they can run a more agile asset-light business model. Memory : The two main categories of memory chips are NAND and DRAM. Examples include those used for 5G, WiFi, Bluetooth, radiofrequency chips, near field communication chips (NFC), application-specific integrated circuit chips (ASICs), and so on. These chips are made by companies like Qualcomm, Marvell Technology, Broadcom (AVGO), ON Semiconductor, NXP Semiconductor (NXPI), and others.

☆ Berkshire's Brooks running unit settles trademark case against Brooks Brothers
▼ + stars: | 2022-10-26 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

REUTERS/Carlo AllegriOct 26 (Reuters) - Brooks, the running shoe unit of billionaire Warren Buffett's Berkshire Hathaway Inc (BRKa.N), has settled a lawsuit accusing the retailer Brooks Brothers of diluting its reputation and confusing customers by marketing athletic wear with the "Brooks" name, but without "Brothers." It objected last year to Brooks Brothers' launch of "faux" athletic wear, saying it threatened to "demoralize" consumers who associate the Brooks name with high-quality athletic wear, and to Brooks Brothers' "Back to Brooks" marketing campaign. Brooks Brothers countered that the lawsuit was an "ill-conceived ploy" to evade the coexistence agreement, and demanded Brooks' compliance. Founded in 1818, Brooks Brothers is the oldest continually-operating U.S. clothing retailer. The case is Brooks Sports Inc v SPARC Group LLC, U.S. District Court, Western District of Washington, No.

☆ New testing finds high level of toxic chemical in sports bras, watchdog warns
▼ + stars: | 2022-10-13 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +4 min

The CEH, which conducted the testing, is a non-profit consumer advocacy group focused on exposing the presence of toxic chemicals in consumer products. Under California law — specifically Proposition 65, enacted in 1986 — the maximum allowable dose level for BPA via skin exposure is 3 micrograms per day. “We want brands to reformulate their products to remove all bisphenols including BPA. In adults, exposure to BPA has been linked to diabetes, heart disease, cancer, obesity and erectile dysfunction. Premature death was also associated with BPA exposure, a 2020 study found.

Kanye West’s breakup with Gap Inc. reflects a broader trend of celebrities seeking more control over the brands they create or back. But in this instance, Mr. Shabelman said the friction between Mr. West and Gap fits into a larger development in the world of celebrity marketing. Mr. West “doesn’t need those corporations,” said Anjali S. Bal, an associate professor of marketing at Babson College. Mr. West formally notified Gap on Thursday that his Yeezy LLC fashion brand was terminating his partnership with the apparel chain. More recently, tennis champion Naomi Osaka last year began a media company called Hana Kuma in partnership with SpringHill Co., an entertainment firm co-founded by LeBron James.

Search resuls for: "Asics"

18 mentions found