DIRS.INFO The most relevant business & tech news

☆ Georgia election official confirms ‘zero evidence’ of machines flipping votes
▼ + stars: | 2024-10-24 | by ( Jennifer Smith | ) edition.cnn.com time to read: 1 min

How relevant is this ad to you? Video player was slow to load content Video content never loaded Ad froze or did not finish loading Video content did not start after ad Audio on ad was too loud Other issues

☆ Tesla stock surges 18% after stellar earnings, one of its biggest gains in years
▼ + stars: | 2024-10-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Tesla shares rallied as much as 18% on Thursday after the company reported strong earnings. The carmaker reported better-than-expected auto margins and gave strong guidance for 2025. The jump on Thursday marks one of Tesla's biggest intraday percentage gains in years. Others on Wall Street, though, raised questions about other aspects of Tesla's business. "TSLA offered no details on a CY25 model, no details on improved FSD, and no details on its plans for Optimus.

Persons: Tesla, —, Elon Musk's carmaker, Aaron, Morningstar, Musk, we're, TSLA Organizations: Service, Elon, Wedbush Securities, Wall, Optimus Locations: China, CY25

☆ The economic 'no landing' could drive the S&P 500 to a 13% gain in 2025, UBS says
▼ + stars: | 2024-10-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The bank is adding to the growing numbers of forecasts for a "no landing" of the US economy. Inflation will remain low enough to leave room for the Fed to cut interest rates, boosting stocks. The job market is proving resilient, despite tighter financial conditions and higher interest rates. AdvertisementCooling price growth sets the stage for the Fed to continue cutting interest rates, UBS said, which is bullish for stocks. The strategists added that while investors may see some volatility ahead of the November election, it's unlikely to interrupt more positive market catalysts.

Persons: — Organizations: UBS, Fed, Service, Bureau of Labor Statistics, New

☆ Wall Street keeps raising price targets for sky-high Nvidia stock. Here's why analysts are still so bullish.
▼ + stars: | 2024-10-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Bank of America and Goldman Sachs are among the banks that have raised price targets in recent weeks. AdvertisementNvidia stock is trading at record highs, but that's not deterring top Wall Street analysts from being bullish. Goldman Sachs, $150 price targetGoldman analysts raised their price target to $150 from $135 a share, implying 6% upside from the stock's current levels. AdvertisementStrategists said they changed their price target after a meeting with Huang. Bernstein, $155 price targetBernstein raised its price target to $155 a share shortly after the chipmaker reported its second-quarter earnings in August.

Persons: Blackwell, Goldman Sachs, —, Jensen Huang, Goldman, Huang, CFRA, Angelo Zino, NVDA, Zino, Bernstein, Rasgon Organizations: Nvidia, Bank of America, Service, Wall, Bank, Blackwell, Accenture, Microsoft, ServiceNow, Foundry, CNBC Locations: bullish, CY23, Blackwell

☆ Here's where investors worried about a stock market bubble should put their money, according to a top economist
▼ + stars: | 2024-10-19 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Investors worried about a market correction should adjust their portfolios, David Rosenberg says. The top economist has warned stocks are in a bubble and at risk of a major decline. Investors need to exercise caution and avoid following the "herd mentality," Rosenberg said, pointing to the fervor for mega-cap tech stocks. Instead, he said, investors should focus on stocks with strong business models, strong growth, and good prices, and add some "insurance" to their portfolios. Most forecasters on Wall Street still expect a strong performance from equities into year-end and 2025.

Persons: David Rosenberg, —, who's, he's, Chuck Prince, Rosenberg, REITs, Goldman Sachs Organizations: Service, Rosenberg Research, Utilities, Aerospace, UBS, BMO, Deutsche Bank Locations: —

☆ Stocks are nearing a major peak and a more 'disturbed' period of weak returns is ahead for investors, CIO says
▼ + stars: | 2024-10-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Grant said stocks could soon enter a period of weak returns, possibly for "many years." AdvertisementThe bull market in stocks looks like it's close to the top, according to an investment chief. AdvertisementSentiment and position indicators are also flashing signs investors are overexcited about the stock market, Grant said. The 3-month moving average of year-ahead stock market expectations has climbed to its highest on record, according to Conference Board data. That suggests there's little "cushion" in the event the stock market declines or experiences a shock, Grant said.

Persons: Michael Grant, Grant, —, subpar, Morgan Organizations: Calamos Investments, Service, Conference, Board, Federal, Federal Reserve, Governors, Morgan Research, Bloomberg, Investors

☆ Oil prices could soar 62% by early 2025 if the geopolitical situation deteriorates, Citi strategist says
▼ + stars: | 2024-10-17 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The price of oil could hit $120 a barrel by early 2025, according to Citi. AdvertisementOil prices could soar more than 60% by early next year if conflict in the Middle East continues to escalate, according to Citi. The bank said oil prices could go as high as $120 per barrel in the first quarter of 2025, implying a 62% increase. The forecast is Citi's bull case for oil, which hinges on conflict in the Middle East escalating and sparking disruptions to supply. Oil prices could fall as much as 33%, Saudi Arabia's oil minister said in a recent conference call, adding that he believed OPEC+ producers were pumping too much oil.

Persons: —, Israel, Eric Lee, Lee, we're Organizations: Citi, Service, Brent, Yahoo Finance, United Arab Locations: Israel, Iran, Russia, Ukraine, Saudi Arabia, United Arab Emirates, OPEC, East, Saudi

☆ California's economic growth is slipping behind Texas as the Lone Star state draws corporate HQs and people
▼ + stars: | 2024-10-17 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

Texas' economy is growing faster than California's as it woos big companies and new residents. But some Texas residents are feeling increasingly fed up and priced out of the state. That figure is even stronger for the fourth quarter of 2023, which saw Texas' GDP grow at an annual rate of 5% — a jump that Texas Gov. Its $3.9 trillion GDP accounts for 14% of the national GDP, according to the report. Some Texas residents are less happyAs Texas' economy soars, some residents are feeling increasingly fed up and priced out.

Persons: —, Greg Abbott, California's, Tesla, Charles Schwab, Abbott, Elon Musk, CBRE, Jennifer Sor, Austin Organizations: Service, Lone Star, Public, Institute of California, Public Policy Institute, Texas Gov, Bureau, Oracle, State for, Chevron, Gov, Fortune, Texas, Nvidia, Golden State, Bureau of Labor Statistics, Texas realtors, BI Locations: Texas, While California, California, , Texas, State for Texas, Palo Alto , California, Austin, Dallas, Fort Worth, Arlington

☆ China's retirement crisis is here, and Beijing will be forced to keep raising the retirement age, demographer says
▼ + stars: | 2024-10-17 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

China has no choice but to keep raising the retirement age for workers, according to Yi Fuxian. AdvertisementChina has a retirement crisis on its hands, and the nation will probably be forced to keep raising the retirement age for workers to stave off demographic imbalances, according to a demographer. Those trends led China to recently raise the mandatory retirement age for workers, the first time the nation has raised its retirement age in decades. "Given the severity of its demographic crisis, China will need to keep raising its retirement age, potentially fueling civil unrest and political instability," Yi said. China's main pension fund could be depleted by 2035, according to a 2019 estimate from the Chinese Academy of Social Sciences.

Persons: Yi Fuxian, —, Fuxian, Yi Organizations: Service, Syndicate, Bank, nation's Ministry of Civil Affairs, China National, Ageing, United Nations, Chinese Academy of Social Sciences, Reuters Locations: China

☆ Stock market today: Dow jumps 337 points to fresh record as US stocks rise on solid earnings
▼ + stars: | 2024-10-16 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Stocks rose on Wednesday after traders took in a handful of strong corporate earnings reports. Chip stocks wavered after Tuesday's selloff, with eyes on TSMC ahead of earnings. AdvertisementUS stocks rose on Wednesday as traders took in strong earnings results to bounce back from a sell-off in the chip sector in the previous session. Stocks, though, are on par for another strong quarter of earnings results. The S&P 500 is on track to report 7% year-per-year earnings growth for the third quarter, according to estimates from FactSet.

Persons: Morgan Stanley, Tuesday's selloff, —, ASML Organizations: United Airlines, Service, Dow Jones, Micro Devices, Investors, Nvidia Locations: FactSet, Here's

☆ The stock market is in a 'mania' that will push it higher before a potential 26% drop in 2025, Stifel says
▼ + stars: | 2024-10-16 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The S&P 500 could lose a quarter of its value next year, according to Stifel. AdvertisementThe S&P 500 looks like it's in the midst of another "mania," and investors could see a steep drop in the benchmark index sometime next year, according to Stifel. AdvertisementThe S&P 500 looks like the fifth stock mania, according to a Stifel analysis spanning the last 139 years. Stocks could be challenged next year due to the uncertain outlook for Fed rate cuts, the strategists suggested. Investors could be impacted for the long-term, they added, pointing to previous manias, which historically led to weak stock returns over the following decade.

Persons: it's, —, manias Organizations: Service, Bloomberg

☆ All eyes are on TSMC earnings as the chipmaker industry faces slowdown worries
▼ + stars: | 2024-10-16 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Investors are awaiting TSMC earnings for signs of what's to come for the chip sector. The chipmaker will report its full third-quarter earnings in the early hours on Thursday. The stock is up 84% year-to-date, thanks partly to the firm's strong financial results so far in 2024. Traders are waiting for guidance from TSMC executives on the firm's earnings call regarding demand in the current quarter as well as the coming year. Fears about demand were ignited recently when Nvidia reported results for the second quarter in August.

Persons: —, Jensen Huang, Blackwell, Huang Organizations: Service, Taiwan Semiconductor Manufacturing, Nvidia, Apple, P Semiconductor, Traders Locations: Taiwan

☆ Stock market today: Indexes mixed as traders look to recover from chip sell-off
▼ + stars: | 2024-10-16 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks wavered on Wednesday as traders looked to recover from a sell-off in the chip sector. Morgan Stanley beat estimates on strong investment banking activity. AdvertisementUS stocks wavered on Wednesday as traders looked to recover from a sell-off in the chip sector and waited for another round of corporate earnings reports. The Nasdaq was down slightly as chip stocks struggled to recover from Tuesday's sell-off. Chip stocks stumbled in the previous session after ASML cut its sales guidance for 2025.

Persons: Morgan Stanley, —, Wall Organizations: Service, Dow Jones, Nasdaq, AMD, Nvidia

☆ China could raise nearly $1 trillion of fresh debt in the next 3 years to revive its economy
▼ + stars: | 2024-10-16 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Chinese media reported that China could rack up $850 billion in debt to help revive its economy. China has vowed to roll out more fiscal stimulus, but key details were missing in a recent update. AdvertisementChina's fiscal stimulus efforts could include racking up almost $1 trillion in fresh debt over the next several years, according to local media. The money could be used as fiscal stimulus and to help "off-the-books debt" in local governments, the people added. One researcher recently estimated that the direct effects of China's latest stimulus package may not be felt until 2025, mainly because more fiscal stimulus needs to be unlocked before the policies can bolster the nation's economy.

Persons: —, Lan Fo'an Organizations: Service, China's, Finance, CNBC, Bloomberg, CSI Locations: China, Beijing, Hong Kong

☆ I've traveled to 86 countries and Ireland is the best place I've visited to bring a toddler on vacation
▼ + stars: | 2024-10-16 | by ( Jennifer Sizeland | ) www.businessinsider.com time to read: +5 min

My family recently visited Ireland to celebrate my son's third birthday. I've been to every country in Europe (except Russia), and in my opinion, one of these countries provides the ideal destination for toddlers: Ireland. Jennifer Sizeland and her family stayed on the coast in Ireland. Jennifer Sizeland's son loved exploring in nature during their vacation. My son loved visiting the Seal Rescue Center in County Wexford, where we saw baby seals being nursed back to health.

Persons: —, it's, I've, Jennifer Sizeland, John F, Jennifer Sizeland's, I'm Organizations: Service, Kennedy, Seal Rescue Locations: Ireland, Europe, Russia, Dublin, France, England, Wales, County Wexford, There's

☆ There are 2 things that could go wrong for the US economy and spark a recession, Morgan Stanley says
▼ + stars: | 2024-10-15 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

There are two things that could go wrong in the economy that could lead to a recession, Morgan Stanley said. AdvertisementThe US economy appears on track to keep growing, but there are two things that could spoil the no-recession forecast on Wall Street, according to Morgan Stanley. A slowdown, then people get laid off, laid off people spend less, the economy slows down more, and it snowballs," he added. "So that's another place where I think we could be wrong," Carpenter said of his recession forecast, though he reiterated that a downturn wasn't his baseline view. And if anything, where we were wrong with our forecast so far is that things have turned out even better than we dare hoped," Carpenter added.

Persons: Morgan Stanley, —, Seth Carpenter, Carpenter, Trump, Morgan, we've Organizations: Service, Bureau of Labor Statistics, New York Fed

☆ Russia's imports from China surged in September as Moscow and Beijing deepen economic ties
▼ + stars: | 2024-10-15 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Russian imports of goods from China surged in September. Russia relies heavily on China for trade due to Western sanctions and isolation from global markets. AdvertisementRussia's imports of goods from China increased sharply last month, a sign that Moscow is leaning more heavily on Beijing after the two countries affirmed their economic ties. The surge of trading activity follows a fresh cooperation agreement Russia and China finalized in late August, which vowed, among other things, to deepen trade ties. Moscow has grown more reliant on Beijing as an economic partner since being targeted by Western sanctions in 2022.

Persons: —, Bejing, Vladimir Putin, Li Qiang Organizations: Service Locations: China, Russia, Moscow, Beijing, India, Ukraine

☆ Collapse risks loom as markets are the most fragile they've been in 20 years, 'Black Swan' author Nassim Taleb says
▼ + stars: | 2024-10-14 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

"The Black Swan" author Nassim Taleb says he's focused on hedging against a market collapse. He said the market is flashing parallels to prior crashes, noting that it is the most fragile in 20 years. He pointed to risks like high debt levels and "crazy" stock prices in an interview with Bloomberg. Nassim Taleb, author of "The Black Swan," the famed treatise on the risks related to improbable events, aired concerns over the state of the market in a recent interview with Bloomberg. Universa Investments is technically "market blind," Taleb said, as the firm employs an investment strategy that disregards short-term market forecasts.

Persons: Swan, Nassim Taleb, he's, —, Taleb, Mark Spitznagel Organizations: Bloomberg, Service, Universa

☆ Russia is reportedly making it more painful for businesses to leave by forcing big discounts and raising exit taxes
▼ + stars: | 2024-10-14 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Russia is reportedly tightening the screws on firms looking to exit the country. Companies looking to sell their operations will now do so at a 60% discount, sources told Bloomberg. Foreign firms that left Russia have incurred over $100 billion in losses, a Reuters analysis found. AdvertisementBusinesses trying to leave Russia are facing painful costs in the form of taxes and forced discounts, people familiar with matter told Bloomberg last week. But over 1,700 foreign companies continue to operate in the nation, according to data compiled by the Leave Russia project.

Persons: — Organizations: Companies, Bloomberg, Service, Shell, HSBC, Yale School of Management Locations: Russia, Moscow, Ukraine

☆ Job seekers are getting increasingly bold by 'cheating' in interviews — and AI is making it worse
▼ + stars: | 2024-10-14 | by ( Tim Paradis | ) www.businessinsider.com time to read: +8 min

Job seekers sometimes use AI to cheat in interviews, which highlights flaws in the hiring process. It can feel like there are endless ways to dupe a hiring manager in a job interview — especially one that doesn't involve meeting IRL. It all points to a hiring process that can be terrible for job seekers — and for employers. Is using AI during a job interview cheating? Kanny uses reviews from a job candidate's colleagues — past and present — to rate the person's integrity, accountability, respect, humility, confidence, and grit.

Persons: —, Lindsey Zuloaga, Greg Yang, he'd, claude, Yang, HireVue's, Zuloaga, Kirthiga Reddy, Reddy, Sean Vassilaros, It's, Octavius A, Newman, didn't, Jennifer Schielke, Schielke, Ravin, Mercer, I'm Organizations: Service, Executives, xAI, Employers, Facebook, BI, Group Solutions Locations: India, South Asia

☆ America's offices are about to see a wave of distress that could result in a billion square feet of fresh housing supply
▼ + stars: | 2024-10-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

Advertisement"The banks are going to have to dispose of that real estate," Barkham told Business Insider in an interview. John Vavas, a real estate finance attorney at Polsinelli who works with commercial real estate lenders, has worked on a handful of office-to-residential conversion deals this year. There's around 1.2 billion square feet worth of office space that could be spun into residential space, Yardi said in a separate report. Late payments on commercial real estate loans have climbed to 1.42% in the second quarter, the highest rate in nearly 10 years. Commercial real estate prices, meanwhile, dropped another 9% year-over-year in the first quarter, Fed data shows.

Persons: —, Richard Barkham, Barkham, RentCafe, John Vavas, Yardi, Vavas Organizations: Service, Federal, Silverstein Properties, Washington DC Locations: New York, United States, New York City, Dallas, Chicago, Los Angeles

☆ Home prices are down as much as 12% in boomtowns in Florida, Texas, and other popular states
▼ + stars: | 2024-10-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Metros in Florida, Texas, and other states are seeing prices fall by as much as 12%, per Realtor.com. Miami, FloridaPedro Portal/Miami Herald/Tribune News Service via Getty ImagesMedian list price: $525,000Change from last year: -12.4%2. Orlando, FloridaSmithlandia Media/Getty ImagesMedian list price: $429,950Change from last year: -5.6%Advertisement9. Tampa, FloridaJohn Coletti/Getty ImagesMedian list price: $414,948Change from last year: -5.5%10. Nashville, TennesseeJohn Coletti/Getty ImagesMedian list price: $547,865Change from last year: -5.4%

Persons: —, Miami , Florida Pedro, Swapan Jha, San Francisco , California Nicholas Klein, Kansas City , Missouri Edwin Remsberg, Austin , Texas RYAN KYTE, Jacksonville , Florida Dan Reynolds, Tampa , Florida John Coletti, Nashville , Tennessee John Coletti Organizations: Metros, Service, metros, Miami Herald, Tribune, Getty, Kansas, Orlando , Florida Smithlandia Locations: Florida , Texas, Realtor.com, Florida, Texas, Miami , Florida, Cincinnati , Ohio, San Francisco , California, Kansas City , Missouri, Austin ,, Jacksonville , Florida, Denver , Colorado, Orlando , Florida, Tampa , Florida, Nashville , Tennessee

☆ Why Chinese stocks will climb another 50% from current levels, research CEO says
▼ + stars: | 2024-10-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Chinese stocks are poised for a huge run-up in the next year, according to Renaissance Macro's Jeff deGraaf. Other notable investors have been looking to buy the dip in Chinese stocks amid continued stimulus efforts. Other traders on Wall Street have shown interest in buying the dip in Chinese equities, despite fear that Beijing's economic slowdown could stick around. Other strategists on Wall Street have made bullish calls on Chinese equities in recent weeks, with eyes on continued stimulus measures in Beijing. Goldman Sachs predicted China's stock market could rally another 20%, thanks to "more substantial policy measures" and Chinese stocks being oversold, strategists said in a note.

Persons: Jeff deGraaf, —, deGraaf, Beijing didn't, Mario Draghi, Michael Hartnett, Yuan Wei, Yuan, Goldman Sachs Organizations: Service, Macro, CSI, Bloomberg, Beijing, Investors, Bank of America, Investment Fund Management Co Locations: —, Beijing, China, Wall, Shenzhen, Hong Kong

A credit score under these thresholds is also called a sub-prime credit score, which means that creditors might think twice when reviewing your application for a credit line. However, a combination of serious negative marks on your credit score may seriously hurt your credit score, putting you on the lower end of the score range. Minimal credit history: A minimal credit history means you haven't been using credit (like a credit card or loan) for much time. While one credit check on your credit report may dent your credit score by a few points, several of these in a short period of time will significantly hurt your credit score. While one credit check on your credit report may dent your credit score by a few points, several of these in a short period of time will significantly hurt your credit score.

Persons: VantageScore, aren't, you'll, Enoch Omololu, Erik Beguin, Kendall Meade, Jennifer, Read Organizations: New Canadians, Austin Capital Bank, Business, Yahoo, Finance, CBS, MSNBC, CNBC, Forbes, Black Enterprise, USA, The Johns Hopkins University Carey School of Business, Business Journalists Locations: annualcreditreport.com, America, TheGrio, New York City

☆ People trapped in apartments send SOS signals after Milton floods area
▼ + stars: | 2024-10-10 | by ( Jennifer Smith | ) edition.cnn.com time to read: 1 min

Search resuls for: "Jennifer S"

25 mentions found