DIRS.INFO The most relevant business & tech news

☆ Rodolfo Pizarro: As US soccer goes crazy over Lionel Messi’s arrival, one Inter Miami player suffers brutal consequence of superstar’s signing
▼ + stars: | 2023-07-18 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —Fans turned out in their droves to watch Lionel Messi’s official unveiling as an Inter Miami player. When Pizarro signed for Inter, he filled one of the club’s three ‘Designated Player’ spots. The rule is also known as the ‘Beckham Rule’ after David Beckham – now Inter’s co-owner – became the first designated player when he joined LA Galaxy in 2007. So, with Messi signing a contract reportedly worth between $50 to $60 million per year, the 35-year-old Argentine fills one of Inter’s designated player spots. Either Inter can look to move one of their designated players on or they can “buy down” a player’s contract.

Persons: CNN —, Lionel Messi’s, Rodolfo Pizarro, Pizarro, Beckham, David Beckham –, –, Messi, Ira L, Matías Almeyda, “, ”, Messi’s, Sergio Busquets, – Messi, Busquets, Josef Martínez, Blaise Matuidi, Andrés Reyes, Leandro González Pirez, Nicolás, Julián Carranza, Jorge Mas, ” Mas, Chris Henderson Organizations: CNN, Inter Miami, Argentine, Inter, Major League Soccer, MLS, LA Galaxy, Messi, Philadelphia Union, AEK Athens, Mexican, Chivas, ” Inter, Soccer, Sporting, “ Inter Miami Locations: Argentine, Mexican, Instagram, Barcelona, America’s

☆ This under-the-radar customer engagement platform can rally more than 40% with the help of A.I., Goldman says
▼ + stars: | 2023-06-09 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Generative artificial intelligence will help Braze win market share, according to Goldman Sachs. Analyst Gabriela Borges reiterated her buy rating on the customer engagement platform. "We believe that Generative AI is the next catalyst in a series of catalysts for organizations to switch from 'old' to 'new' technology," Borges said in a Friday note. "... We believe Braze as a company and the management team as a leadership group are some of the most forward-looking in the Software industry." And AI should help increase the number of monthly users and increase monetization, she said.

Persons: Goldman Sachs, Gabriela Borges, Borges, Braze, — CNBC's Michael Bloom Organizations: Software, Revenue Locations: Thursday's

☆ Goldman Sachs is making a slew of leadership changes in its investment bank. See the key moves here.
▼ + stars: | 2023-05-03 | by ( Carter Johnson | ) www.businessinsider.com time to read: +3 min

Goldman has internally announced a slew of leadership changes in its investment bank. Goldman's Aasem Khalil will take on Posnett's role as global head of investment banking services. A fresh face will now lead one of Wall Street's most powerful investment banking groups. She ultimately served as co-COO of TMT and head of Internet investment banking before being appointed head of investment banking services. Succeeding Posnett as head of global investment banking services is Aasem Khalil, a Goldman partner and 26-year veteran of the Wall Street bank.

☆ Ballooning Software Prices Complicate Tech Spending
▼ + stars: | 2023-04-29 | by ( Belle Lin | ) www.wsj.com time to read: 1 min

Last year, Microsoft raised prices from 8% to 25%, depending on the software and subscription type, for some of its Microsoft 365 and Office 365 business software. Photo: lucy nicholson/ReutersBusiness software price hikes are outpacing the rate of inflation, according to corporate technology chiefs who say they’ve been charged increases of 20% or more for certain cloud-based software than in previous years. Amid pressure to cut costs in a sluggish economy, more IT leaders are rethinking vendor relationships. Thomas Phelps , chief information officer of Long Beach, Calif.-based software firm Laserfiche and executive chair of the nonprofit IT executive leadership group Innovate@UCLA, said some cybersecurity vendors have asked for a 30% increase to renew a three-year software contract.

☆ Ballooning Software Prices Complicate Tech-Spending Calculus for CIOs
▼ + stars: | 2023-04-28 | by ( Belle Lin | ) www.wsj.com time to read: 1 min

☆ Premarket stocks: Silicon Valley Bank left a void that won't easily be filled
▼ + stars: | 2023-03-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

There’s no doubt that the failure of Silicon Valley Bank left a large void in tech. To find out, Before the Bell spoke with Ahmad Thomas, president and CEO of the Silicon Valley Leadership Group. Before the Bell: What’s the feeling on the ground with tech and VC leadership in Silicon Valley? Ahmad Thomas: Silicon Valley Bank has been a key part of our fabric here for four decades. FDIC sells most of failed Signature Bank to FlagstarFrom CNN’s David GoldmanA week after Signature Bank failed, the Federal Deposit Insurance Corporation said it has sold most of its deposits to Flagstar Bank, a subsidiary of New York Community Bank.

☆ Silicon Valley Bank ex-CEO backed Big Tech lobbying groups that targeted Dodd-Frank, sought corporate tax cuts
▼ + stars: | 2023-03-16 | by ( Brian Schwartz | ) www.cnbc.com time to read: +7 min

Greg Becker, President and CEO of Silicon Valley Bank (SVB), speaks during the Milken Institute Global Conference on May 3, 2022 in Beverly Hills, California. Both trade organizations included Silicon Valley Bank as a member before its failure, according to archived versions of their websites. The organization has spent more than $2 million since the start of 2020 on lobbying Congress, according to its lobbying disclosure reports. Federal records show that the Silicon Valley Leadership Group has not filed lobbying disclosure reports since 2009. Becker was chairman of the Silicon Valley Leadership Group from 2014 through 2017, according to an archived version of his SVB bio page.

March 10 (Reuters) - Greg Becker, the chief executive officer who presided over the collapsed Silicon Valley Bank, joined the company three decades ago as a loan officer. Becker graduated from Indiana University with a bachelor's degree in business, according to Silicon Valley Bank's website. When his manager left to work for Silicon Valley Bank, Becker followed, he said in 2021 on a Bloomberg podcast. Representatives for Silicon Valley Bank did not immediately respond to a request for comment. Before becoming president and CEO of SVB Financial Group, Becker co-founded SVB Capital, the company's investment arm.

☆ Southwest Airlines pilot union calls for strike authorization vote
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +2 min

Jan 18 (Reuters) - Southwest Airlines Co's (LUV.N) pilot union has called for a strike authorization vote, weeks after a tech meltdown at the carrier left tens of thousands of passengers stranded across the United States. Casey Murray, president of Southwest Airlines Pilot Association (SWAPA), said in a statement. The strike authorization vote will take place beginning May 1 and will be counted at the end of that month, said SWAPA, which represents more than 10,000 pilots. Southwest pilots have been locked in talks over a new contract with the airline for nearly three years. Reporting by Kannaki Deka in Bengaluru; Editing by Shailesh Kuber and Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ Tech wreckage catches up to Salesforce as cloud giant's valuation reaches parity to Microsoft's
▼ + stars: | 2022-12-06 | by ( Michael Santoli | ) www.cnbc.com time to read: +4 min

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics. This pattern will break at some point, so a run to the old lows or beyond can't be assumed. Big Tech has done nothing to distinguish itself in the October-November rally in terms of regaining leadership. History says the big overheated leadership group of one bull market usually is sidelined even after the next one starts. It happened to Meta and Alphabet, now finally Salesforce is valued in parity with Microsoft after 17 years of extreme priciness.

CNN —Before anyone else has arrived, Ruben Dias is at Manchester City’s training ground, ready to begin his day. “I had the chance of being in the 2018 World Cup in Russia. Dias will be featuring at his second World Cup for Portugal. “The first day I met [Ronaldo], actually trained with him, he had just won the Champions League,” Dias recalls. Dias has won two Premier League trophies with Manchester City.

Google employees are increasingly concerned that layoffs will hit their company, as rivals including Amazon and Meta slash more than 20,000 jobs. From the end of 2018 to earlier this year, the company added almost 100,000 full-time staff, nearly doubling the workforce. "There's a lot of people openly nervous," another Google employee said, while noting that Googlers have been posting internal memes to express their anxiety. "Performance plans are the next step if folks don't respond to the check-ins," a person familiar with the changes said. 'Google execs will want to cut people'Widespread layoffs at Google would be unprecedented.

☆ Factbox: COP26 a year later: Where do last year's climate pledges stand?
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +7 min

Nov 1 (Reuters) - A year ago at the U.N. climate talks in Glasgow, Scotland, countries, banks and business leaders announced a slew of climate plans and pledges. METHANE PLEDGETo date, 119 countries and blocs including the United States and the European Union have joined the COP26 pledge to slash methane emissions 30% from 2020 levels by 2030. And China could also give an update on its plan to begin monitoring methane emissions - a promise made under the U.S.-China agreement announced in Glasgow. The group now counts more than 550 members, including most of the world's leading banks, insurers and asset managers, with collective assets of more than $150 trillion. read more And last week, climate activists criticized GFANZ for dropping a requirement that its members sign onto a U.N. emissions reduction campaign.

☆ Juventus crashes out of Champions League to compound season’s woeful start
▼ + stars: | 2022-10-26 | by ( Matias Grez | ) edition.cnn.com time to read: +5 min

Another Champions League defeat, this time a 4-3 loss away to Benfica, ensured Juventus’ exit from the competition at the group stage for the first time in nine years. Juventus faces the prospect of missing out on next season's Champions League. There is no denying the current side is considerably weaker than the Juve teams of recent years, but eighth in Serie A and Champions League misery are still well below this season’s expectations. Samuel Iling-Junior was a bright spark in Juventus' defeat. Juventus’ season is by no means over, but three huge games in the next week against Lecce, PSG and Inter Milan could go a long way to defining its outcome.

☆ China names Xi Jinping loyalists for core leadership group
▼ + stars: | 2022-10-23 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

China's President Xi Jinping (L) walks with members of the Chinese Communist Party's new Politburo Standing Committee, the nation's top decision-making body, as they meet the media in the Great Hall of the People in Beijing on Oct. 23, 2022. BEIJING — Chinese President Xi Jinping broke precedent Sunday by paving the way for his third term as president, and the likely appointment of a premier with no prior experience as vice premier. Li Qiang, party secretary of Shanghai, walked out second behind Xi at a meeting with press on Sunday. Li is a known Xi loyalist and oversaw stringent Covid controls in Shanghai earlier this year. However, Li Qiang has not previously held a vice premier role, according to a state media biography.

☆ 3 takeaways from our daily meeting: Stocks rally, earnings move Club names, sticking with DHR
▼ + stars: | 2022-10-21 | by ( Krystal Hur | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stocks rally Earnings move Club names Sticking with DHR 1. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Jim Cramer says to buy Wells Fargo stock to capitalize on the Fed’s rate hikes
▼ + stars: | 2022-10-17 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday advised investors to add Wells Fargo to their shopping lists. "Wells Fargo has now taken the lead as the best net interest margin play in the group, and their multi-year turnaround plan is finally bearing fruit. The money Wells Fargo receives from this spread, known as net interest income, has "massively outperformed" expectations, according to Cramer. Cramer added that Wells Fargo's net interest margin is better than those of its competitors, whose quarters he also recapped on Friday. Disclaimer: Cramer's Charitable Trust owns shares of Wells Fargo.

☆ China's new growth goals require a change for attracting foreign investors, official says
▼ + stars: | 2022-10-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

BEIJING — A Chinese official confirmed Monday a shift in the country's growth goals and indicated things will change for foreign investment. "We also face a new situation for attracting foreign investment," he said. China relied heavily on foreign investment for its initial surge of growth in the 1990s to early 2000s when new government policies allowed greater foreign access to the market after decades of closure. Looking ahead, Zhao said Monday that China would encourage foreign investment in advanced manufacturing, higher-quality services, high-tech, energy conservation and environmental protection. He also noted specific support for such investment in the central, western and northeastern parts of China.

REUTERS/Thomas Peter/File PhotoHONG KONG, Oct 18 (Reuters) - As Xi Jinping consolidates power at China's 20th Communist Party Congress this week, Chinese women are not holding their breath for progress in gender equality. Mao Zedong, the founding father of the People's Republic, famously said "women hold up half the sky" and gender equality is enshrined in the country's constitution. "The trend (now) is usually women serve as a deputy or more symbolic position," he said. The sole current female member, Sun Chunlan, who has spearheaded China's zero-COVID policy, is 72 and expected to retire. The Chinese government body in charge of women's rights, the Women's Federation, did not respond to a Reuters request for comment.

☆ McDonald's owners group says company rejected request to delay big changes to franchise system
▼ + stars: | 2022-09-28 | by ( Kate Rogers | ) www.cnbc.com time to read: +4 min

A customer places an order September 24, 2022 at a McDonald's Restaurant along the New York State Thruway in Hannacroix, New York. A group representing McDonald's owners said the company rejected its request to delay changes to franchising policies, including updated standards and adjustments to how the company evaluates potential new restaurant operators, according to a letter seen by CNBC. The leadership group represents McDonald's owners across the country. As of the end of last year, according to the company, there there were more than 2,400 franchise owners. The company declined to comment on the changes or the NFLA's letter and its request to delay the adjustments.

Search resuls for: "Leadership Group"

20 mentions found