DIRS.INFO The most relevant business & tech news

☆ Soccer superstar Cristiano Ronaldo pumps money into luxury watch resale marketplace Chrono24
▼ + stars: | 2023-07-12 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

Cristiano Ronaldo has become an investor in Chrono24, the global luxury watch resale marketplace. International soccer superstar Cristiano Ronaldo has become an investor in Chrono24, CEO Tim Stracke told Insider in an exclusive interview. Luxury watch resale prices have declined for more than a year. The investment comes at a rocky time for the luxury watch resale market, which has seen more than a year of price declines following the tightening of interest rates and the implosion of crypto. Stracke says he and Ronaldo both believe in the long-term prospects of the watch resale market.

Persons: Cristiano Ronaldo, Ronaldo, Tim Stracke, Forbes, Stracke, Chrono24, Bernard Arnault, Al Nassr, – Stracke, Jacob &, Franck Muller Cintree Curvex, Georgina Rodríguez Organizations: Aglae Ventures, Service, International, Manchester United, Portuguese national team, Nike, Rolex, Excel, Rodríguez's Rolex Locations: Chrono24, Wall, Silicon, Saudi, Dubai

☆ US home construction surged in May by the fastest pace in more than a year
▼ + stars: | 2023-06-20 | by ( Anna Bahney | ) edition.cnn.com time to read: +3 min

Washington, DC CNN —US home building surged in May, climbing 21.7% from April, as low inventory in the existing home market continued to boost interest in new homes. Housing starts, a measure of new home construction, came in far beyond expectations that they would decline by 0.1%, according to data released Tuesday by the Census Bureau. The number of single‐family units rose in May to 1.631 million, above expectations for 1.40 million and above the revised April estimate of 1.34 million. Building permits, which track the number of new housing units granted permits, also rose in May, after dropping in March and April. The National Association of Home Builders/Wells Fargo Housing Market Index gauges market conditions and looks at current sales, buyer traffic and the outlook for sales of new construction homes over the next six months.

Persons: ”, Robert Dietz, ” Dietz, Alicia Huey Organizations: DC CNN, Housing, Census, National Association of Home Builders, Federal Reserve Locations: Washington, Wells Fargo

☆ Homebuyers rejoice: There are more homes coming soon to a neighborhood near you
▼ + stars: | 2023-06-20 | by ( Alcynna Lloyd | Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

Housing starts — also known as new home construction — rose at the fastest monthly rate since 2016. As the Fed pauses its rate hikes, mortgage rates are trending lower and consumer sentiment is rising. Between April and May, housing starts rose by the fastest month-over-month rate since 2016. Single-family housing starts increased 18.5% to a seasonally adjusted annualized rate of 997,000 and multi-family housing starts climbed 27.1% to an annualized 634,000 pace. However, as the Fed adjusts its monetary policy and pauses its rate hikes, mortgage rates are trending lower and more homebuyers are returning to the market.

Persons: —, Alicia Huey, Robert Dietz, NAHB, bode, Dietz, it's Organizations: Housing, Service, Census Bureau, Bloomberg, Federal, Builders, National Association of homebuilders, National Association of Home Builders, Federal Reserve Locations: Wells Fargo

☆ The S&P 500 is breaking out. Here are Wall Street's favorite names to lead the next leg higher
▼ + stars: | 2023-06-13 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

The S & P 500 has continued its ascent, already exceeding many Wall Street expectations for its annual gain even though we're only half way into the year. .SPX 5Y mountain The S & P 500 And this is happening just shy of the half-year point for 2023, meaning there's lots of time left for future market moves. Given the potential for further upside, CNBC Pro compiled names whose individual gains could help the market move another leg higher. Shares have risen around 7% this year, which is a relatively modest advance compared with the S & P 500's 13% gain. About two-thirds of analysts rate Zoetis a buy.

Persons: we're, Wolfe, Peter Supino, that's, Fred Imbert Organizations: CNBC, Mobile, Wolfe Research, Disney Locations: FactSet, U.S

☆ The Fed will cut rates 'early next year' if we hit a recession, says Hennion & Walsh's Kevin Mahn
▼ + stars: | 2023-06-09 | 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 Fed will cut rates 'early next year' if we hit a recession, says Hennion & Walsh's Kevin MahnKevin Mahn, Hennion & Walsh Asset Management president and CIO, joins 'Squawk Box' to discuss recent market trends, with the longest bear market in decades coming to a close, future market outlook, and more.

Persons: Kevin Mahn Kevin Mahn Organizations: Hennion, Walsh Asset Management

DETROIT, June 2 (Reuters) - General Motors Co (GM.N) Chief Executive Mary Barra had a message on Friday for investors and rivals who see no profitable future in autonomous vehicles: You're wrong. That target assumes deployment of Cruise technology and services outside the United States - Dubai and Japan are among the future markets - as well as expansion into goods delivery and personal autonomous vehicles, Barra said. Rivals, including Ford Motor Co (F.N) and Volkswagen AG (VOWG_p.DE), have pulled the plug on autonomous vehicle efforts as losses mounted. Barra said those states have a more welcoming regulatory environment for self-driving vehicles. GM has petitioned U.S. vehicle safety regulators to deploy up to 2,500 of its Origin vehicles, which have subway-like doors and no steering wheel.

Persons: Mary Barra, Barra, Sanford Bernstein, Cruise, Joe White, Tiwary, David Shepardson, David Holmes Organizations: DETROIT, General Motors Co, Cruise, GM, Rivals, Ford Motor, Volkswagen AG, Traffic Safety Administration, NHTSA, Chevrolet, Cadillac, Tesla Inc, EV, Thomson Locations: GM's, United States, Dubai, Japan, San Francisco, Arizona and Texas, Washington, U.S, China

☆ The CEO of a $900 million asset manager shares 6 stocks to buy to take advantage of the coming AI revolution — and explains how investors can diversify their holdings to capitalize on emerging tech tr
▼ + stars: | 2023-05-13 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

She also oversees the Defiance Quantum ETF (QTUM), which invests in quantum computing and machine learning companies. "They're clear leaders and no matter what happens, they'll invest in artificial intelligence, data pricing, machine learning, and quantum computing," she explained. "But even if that happens, you're still okay because you have the high-quality tech companies to hedge your basket … We look at it as balance plus opportunity." Besides the Defiance Quantum ETF (QTUM), other options include Global X Robotics & Artificial Intelligence ETF (BOTZ), the ALPS Disruptive Technologies ETF (DTEC), and the iShares Robotics and Artificial Intelligence Multisector ETF (ITRBO). Amazon (AMZN) is another stock that has been propelled higher thanks to its web services and machine learning division.

"We are now aiming to regain the tourism income from (Gulf Cooperation Council countries) to Syria. Some Arab states, including GCC members the United Arab Emirates and Saudi Arabia, are increasingly rebuilding ties with Damascus, reversing years of isolation over Assad's crackdown on protests in 2011 and the ensuing civil war. Machfej said Syria had 1.5 million visitors last year, a third of which were tourists. Tourism ministry data shows 385,000 visitors came to Syria in the first quarter this year, 40,000 of which were non-Arab foreigners. Gulf states along with Egypt, Iraq and Jordan have been discussing Syria's possible return to the Arab League, but no agreement has been reached.

Administration officials believe the U.S., the world's largest oil consumer and global economy have entered a more predictable, less volatile phase. This year, gasoline prices have stabilized at lower levels, U.S. oil production is approaching record highs and the job market, while still strong, is cooling down along with inflation, administration officials say. Oil prices slipped on Thursday as the prospect of a possible recession in the US offset concerns of tight supply. Slowing economy or not, the OPEC move could still complicate Biden's efforts to tame nagging inflation and dampen gasoline prices at home, according to multiple interviews with U.S. officials and analysts. Discussions with refiners about expanding capacity or limiting fuel exports have dried up since last summer, oil executives told Reuters.

Administration officials believe the U.S. and global economy has now entered a more predictable, less volatile phase. This year, gasoline prices have stabilized at lower levels, U.S. oil production is approaching record highs and the job market, while still strong, is cooling down along with inflation, administration officials say. The OPEC move could complicate Biden's efforts to tame nagging inflation and dampen gasoline prices at home, according to multiple interviews with U.S. officials and analysts. The recent U.S. banking crisis has added another layer of uncertainty to global and U.S. forecasts as well, forecasters warn. Discussions with refiners about expanding capacity or limiting fuel exports have dried up since last summer, oil executives told Reuters.

☆ Hyundai Motor Group to invest $18 bln in South Korean EV industry by 2030
▼ + stars: | 2023-04-11 | by ( Heekyong Yang | ) www.reuters.com time to read: +2 min

SEOUL, April 11 (Reuters) - Hyundai Motor Group said on Tuesday it planned to invest 24 trillion won ($18.14 billion) in South Korea's electric vehicle (EV) industry through 2030, bolstering its presence in a segment that is set to dominate long-term global automotive demand. The investment plan by the group, which includes Hyundai Motor Co (005380.KS), Kia Corp (000270.KS) and Hyundai Mobis Co Ltd (012330.KS), came as President Yoon Suk Yeol attended a groundbreaking ceremony for Kia's first designated electric vehicle plant. It added that the government would expand tax benefits for domestic EV facility investment for a five-fold boost in production capacity by 2030. The South Korean auto group said last year it would invest more than $10 billion in the United States by 2025 to enhance collaboration with U.S. firms in advanced technology. Shares of Kia and Hyundai Motor closed up 4.9% and 3.3%, respectively, on Tuesday versus a rise of 1.4% in the benchmark KOSPI (.KS11) index.

☆ Wall St Week Ahead Resilient U.S. stocks failing to factor in recession, investors fear
▼ + stars: | 2023-03-31 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

NEW YORK, March 31 (Reuters) - U.S. stocks have soldiered on through a banking mess to notch solid first-quarter gains. Some investors say that performance could come under pressure if a widely expected recession hits. Wary investors say those gains leave stocks more vulnerable to an economic downturn, which may have been brought closer by tumult in the banking sector following this month’s collapse of Silicon Valley Bank. S&P 500 earnings for the first quarter are estimated to have fallen 5% from the prior year, followed by an expected 3.9% drop in the second quarter, Refinitiv data shows. Nathan Shetty, head of multi-asset at Nuveen, believes current valuations show investors have yet to price in a recession.

☆ BlackRock calls on clients to rethink hedging strategy after UK pension crisis
▼ + stars: | 2023-03-30 | by ( Tommy Wilkes | ) www.reuters.com time to read: +3 min

Asset managers worry new rules to make LDI investing more robust could render the strategy unviable for some schemes, but consultants warn BlackRock's push could repel pension clients who want to minimise concentration risk. On Wednesday the Bank of England said LDI funds would, in practice, need to increase liquidity buffers to withstand a 300-400 basis points surge in bond yields. BlackRock is also encouraging schemes to shift to a new, smaller range of LDI funds which are less complex to operate, and moving bigger schemes into segregated accounts, which fared better in the crisis, Claringbull said. "But where clients feel they are being compromised they will look to move assets," he added. Despite the crisis fallout BlackRock has told clients it remains committed to LDI.

☆ An AI firm created the ChatGPT of investing, and a basket of its favorite stocks outperformed the S&P 500 over the last two years. Here are the 5 stocks it says you should buy to weather further marke
▼ + stars: | 2023-03-25 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

Toggle AI trains large language models like ChatGPT to enhance investing decisions. Now, investors have been drawn to the AI industry like moths to a flame, as they try to gauge which companies will win the battle for AI market dominance. But while ChatGPT may have an early lead in the AI race, Giuseppe Sette, co-founder and president of Toggle AI, isn't worried. An example of the Toggle AI capabilities Sette is currently working on. 5 Toggle-selected stocks to buyWith macroeconomic headwinds continuing to challenge markets in 2023, Sette believes that value stocks are set to outperform, at least for the near future.

☆ Foot Locker touts a renewed partnership with Nike — but it still won't get the hottest sneaker releases
▼ + stars: | 2023-03-20 | by ( Matthew Kish | Danni Santana | ) www.businessinsider.com time to read: +4 min

Even so, don't expect to see more of the hottest Nikes and Jordans at Foot Locker stores. The Foot Locker CEO, sporting gold Nike Air Max 97 sneakers, announced a renewed partnership with Nike at the company's investor day, addressing one of the core analyst questions facing the sneaker retailer. Mary Dillon started as Foot Locker CEO in September. Mary DillonSpeculation had been building about Foot Locker and Nike working more closely together again since December when Nike CEO John Donahoe mentioned spending time with Dillon on a Nike earnings call. As part of its new strategy, Foot Locker wants to double sales of non-Nike brands, such as Hoka On, and Crocs by 2026.

☆ Silicon Valley Bank's failure might just spark a faster housing rebound
▼ + stars: | 2023-03-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Now let's see how the fast-moving banking turbulence impacts the highly sensitive US housing market. "It seems that home sales activity has bottomed out, and 2023 will be the turning point for the housing market," she said. While her long-term outlook on a housing rebound hasn't changed, mortgage rates look set to fall faster than previously expected, which could allow more Americans to enter the housing market. And looking ahead to the Fed's meeting next week, Evangelou expects policymakers to moderate their aggressive policy. In other news:The logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland October 28, 2020.

☆ A UBS equity strategist shares 3 sectors to buy for protection as stocks sink further in 2023 — and explains why investors not buying overseas assets are missing out on future market leaders
▼ + stars: | 2023-03-14 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

UBS's Nadia Lovell believes that the stock market could dip below its 2022 lows this year. Lovell also said that investors who don't own ex-US assets could be missing out on big future gains. Lovell also believes that current investor consensus is too optimistic about the looming earnings contraction, and that market valuations remain lofty. For instance, she currently has an overweight towards consumer staples, a traditionally defensive sector that can hedge portfolios against economic slowdown. Despite its huge run-up over the past year, Lovell believes that demand for the sector still has room to grow.

☆ Future market leaders are in international, small cap and value stocks, says Richard Bernstein's Dan Suzuki
▼ + stars: | 2023-03-03 | 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 EmailFuture market leaders are in international, small cap and value stocks, says Richard Bernstein's Dan SuzukiDan Suzuki, the deputy CIO and chairman of the investment committee at Richard Bernstein Advisors, and CNBC's Dom Chu join 'The Exchange' to discuss today's market activity, bubbles in the equity market and fundamental market drivers.

☆ Hydrogen is elemental to U.S.-EU green compromise
▼ + stars: | 2023-02-10 | by ( Rebecca Christie | ) www.reuters.com time to read: +4 min

BRUSSELS, Feb 10 (Reuters Breakingviews) - Heated trade tensions could cool if the United States and the European Union make concessions on hydrogen. Right now, 99% of the near 100 million tonnes of annual commercial hydrogen output comes from old-fashioned fossil fuel energy sources. By 2030, the International Energy Agency envisages over 175 million tonnes of global production, with 35% coming from green hydrogen. Both Europe and the United States understand the role green hydrogen can play in decarbonising tricky areas like heavy industry and steelmaking. Yet Europe needs to import the same amount again as the 10 million tonnes it aims to produce domestically by 2030.

☆ Crypto Brands Reposition Themselves in Wake of FTX and Market Tumble
▼ + stars: | 2023-02-07 | by ( Patrick Coffee | ) www.wsj.com time to read: +7 min

Roughly one year ago, a handful of crypto heavyweights made swaggering debuts on the Super Bowl ad roster, airing costly commercials with messages like “Don’t miss out” (FTX) and “Fortune favors the brave” (Crypto.com). Then came the swoon in crypto and the bankruptcy of FTX. Recently, trading firm OKX scuttled its plans to buy an ad in Super Bowl LVII when FTX began to dominate the news cycle. Coinbase aims to convey its confidence in crypto “while maintaining our position as the most trusted brand in the space,” Chief Marketing Officer Kate Rouch said. “I think that, especially after the FTX collapse, there has been a real need for that across the entire crypto space,” he said.

☆ This startup helps vets spend more time with pets and less time on admin. Check out the 10-slide pitch deck Digitail used to raise $11 million.
▼ + stars: | 2023-01-12 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Digitail, a Romanian pet care startup, has raised $11 million in Series A funding. Digitail, founded in 2018, helps veterinary clinics automate their management systems. A startup that helps vets automate their often antiquated management systems has raised $11 million in fresh funds. "Today's reality is that there is a massive shortage of vets compared to the number of pets and that means they have less time to split between seeing pets and managing clinics," Digitail CEO Sebastian Gabor told Insider. Digitail, which is based in Romania's Iasi and Florida, provides a vertical, cloud-based SaaS platform to help vets with inventory management, invoicing, appointment calendars, and patient management.

☆ Compass CEO Robert Reffkin told his leadership team to step up managing out low-performing employees, as the company racks up losses and is forced to cut costs
▼ + stars: | 2022-12-09 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +5 min

Compass CEO Robert Reffkin sent an email to his leadership team on "managing out poor performers." Compass employees were disheartened. "It's also your responsibility to manage out employees who can't, or aren't, performing at that level," Reffkin wrote in the Sunday afternoon message. The full text of the memo was shared with Insider, and a Compass spokesman confirmed Reffkin sent the email. In June, Compass let go of about 450 corporate workers across departments.

☆ Some DTC brands moved up to 30% of their holiday ad spend from Meta to Amazon
▼ + stars: | 2022-12-08 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +4 min

DTC brands' ad spend is moving from Meta to Amazon with new urgency. That trouble has led to more ad budgets going to Amazon during the holiday season, according to direct-to-consumer brands and ad agencies. Because Meta ads haven't been able to drive website sales, DTC brands are now selling on Amazon. Naim added that his DTC brands have moved between 20% to 30% of ad spend from Facebook and Google into Amazon during the fourth quarter. Amazon has massive limitations for DTC brandsWhile Amazon can generate sales for DTC brands, it also has disadvantages.

☆ A Los Angeles superagent with a team of 160 that's sold $1.6 billion in real estate this year is leaving Compass: 'It's no secret that Compass is in a difficult situation'
▼ + stars: | 2022-11-15 | by ( Dan Latu | ) www.businessinsider.com time to read: +3 min

Aaron Kirman, a top real-estate agent, has racked up more than $1.6 billion in sales in 2022. Kirman leads 160 agents in what RealTrends, a company that ranks real-estate brokers, has called a "mega team." RealTrends identified the Aaron Kirman Group as the top-grossing mega team from Compass last year, with an annual sales volume of $1.1 billion. But the company posted a $494 million loss in 2021 during a historically hot real-estate market . "At the end of the day, it is a real-estate company," he told Insider.

☆ Western economies rediscover meaning of scarcity
▼ + stars: | 2022-10-27 | by ( Edward Chancellor | ) www.reuters.com time to read: +8 min

Western companies, which outsourced production to China and other emerging markets, found themselves less constrained by their domestic workforces. China’s rising exports lowered the prices of traded goods, dampening inflationary pressures and allowing Western central banks to cut interest rates to their lowest levels in history. In the 1970s, economists worried that fiscal deficits would lead to higher interest rates and lower investment. Western governments now face constraints that are common in developing countries, relating to fiscal policy, inflation and financial stability. To reduce the burden of their war debts, governments in Europe and the United States held interest rates below inflation.

Search resuls for: "Future Market"

25 mentions found