DIRS.INFO The most relevant business & tech news

Yet days after Sinwar was killed by Israeli troops in southern Gaza, the fundamentals of the deadlocked talks remain unchanged. “Their internal dynamics will take some time,” a regional diplomatic official told CNN. The regional diplomatic source called it a “safe bet” that Sinwar’s brother Mohammed could take the lead for the hostages inside Gaza. To lead the overall organization, top Hamas negotiator Khalil al-Hayya, who is based in Doha, is getting backing from pro-Iran, pro-Gaza corners, the regional official said. Blinken is expected to meet with top Israeli officials, including Netanyahu, on Tuesday, amid tempered expectations he will return to Washington having made any significant progress on the hostage talks.

Persons: Antony Blinken, Yahya Sinwar, Joe Biden, Sinwar, isn’t budging, Biden, Benjamin Netanyahu, Netanyahu, ” Netanyahu, ” Biden, Israel, ”, John Kirby, Mohammed, Mohammed Sinwar’s, it’s, Yahya Sinwar’s, “, ” Mohammed Sinwar, Mohammad Sinwar, Mohammed Deif, Khalil al, Ismail Haniyeh, Blinken, Saudi Crown Prince Mohammed bin Salman, Blinken’s, Vladimir Putin Organizations: CNN, Hamas, Israeli, Diplomats, Sinwar, National Security, UN Security Council, US, Saudi Crown Locations: Israel, United, Gaza, Lebanon, Iran, Doha, Cairo, Tehran, Qatar, Egypt, Washington, Tel Aviv, Saudi Arabia, Saudi, Palestinian, Russia, United States

☆ Scream queen Kate Siegel has starred in some of Netflix's biggest horror hits. Now, she's tackling her scariest endeavor yet: directing.
▼ + stars: | 2024-10-16 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +11 min

She often collaborates with her husband, horror auteur Mike Flanagan, who wrote and directed both. Siegel has now moved behind the camera, making her directorial debut in the franchise "V/H/S." ShudderSiegel was already a longtime fan of the "V/H/S" franchise when she was approached to direct a segment for the latest installment, "V/H/S/Beyond," now streaming on Shudder. They didn't take no for an answer, however, and with some extra encouragement from her manager and her husband, Siegel agreed to take the leap. AdvertisementShe credits Josh Goldbloom, the producer responsible for rebooting the "V/H/S" franchise in 2021 after a seven-year hiatus, with changing her mind.

Persons: Kate Siegel, Netflix's, Usher, Mike Flanagan, Siegel, —, She's, Poe, Alanah Pearce, Shudder Siegel, Adam Wingard, Abigail, Josh Goldbloom, she'd, Flanagan, Gareth Cattermole, Trevor Macy, Kate, Denis Villeneuve, Jordan Peele, she's, I've, Stephen King, King, I'm, Shirley Jackson, he's, Charlotte Perkins Gilman Organizations: Service, Netflix, Toronto, Intrepid Pictures, Amazon Studios Locations: Bly

☆ The US freight recession is showing early signs of recovery
▼ + stars: | 2024-10-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

JB Hunt beat earnings estimates for the first time in two years. AdvertisementTrucking company JB Hunt earned the approval of stock investors on Wednesday after a stronger-than-expected earnings report showed demand is coming back. AdvertisementThese struggles have translated into weak market performance for JB Hunt and other freight carriers. AdvertisementGoing beyond JB Hunt, there has been other data suggesting better prospects ahead. DAT Freight & Analytics' trucking volume index rose year-over-year for all three different categories of freight equipment for the 12 months ended in September.

Persons: JB Hunt, —, It's, Shelley Simpson, Nicholas Hobbs, Ken Adamo Organizations: Service, JB, DAT, Analytics

Somebody said, ‘You should be nice sir, women won’t like it,’” Trump said, adding: “The women want safety.”He then described an apocalyptic America if he loses. While the economy was the ostensible theme of the rally, Trump went on an array of tangents. He went on a riff about billionaire ally Elon Musk’s “doing jumping jacks” at a recent rally with him in Butler, Pennsylvania. Ahead of Trump’s speech, Harris spokesperson Ammar Moussa said in a statement that Trump was “projecting weakness, not strength,” by sticking to safe environments. Debbie Hendrix, a Scranton native who attended Trump’s rally wearing a “MAGA” hat, said she’s cautiously optimistic but unsure Trump will win the state.

Persons: Donald Trump, Kamala Harris ’, Marxist ”, “, ‘, ” Trump, “ Kamala, Joe Biden, Trump, Harris, Barack Obama, ” “ Kamala, ”, rescinding, Harris —, —, Biden, Elon Musk’s, Robert Hur didn’t, Hunter, he’s, Adam Schiff, Ammar Moussa, Donald Trump’s, ” Moussa, Debbie Hendrix, MAGA, she’s Organizations: Democratic, Marxist, Electoral, Green New Deal, Biden, Social Locations: SCRANTON, Pa, America, Pennsylvania, Pittsburgh, United States, Butler , Pennsylvania, ”, Russia, Madison, New York City, New Jersey, Virginia, New Mexico, Minnesota, Scranton

☆ How Harris could secure a historic winning record for Democrats in November – and still lose
▼ + stars: | 2024-10-08 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +20 min

By contrast, the modern day Democrats’ historic success at winning the popular vote hasn’t translated into nearly as much governing power for them. Over this record run of popular vote success, Democrats have already twice lost the Electoral College – and thus the White House – while winning more votes. Amazingly, Republicans won unified control of government in two elections when Democrats won a plurality of the national presidential vote: 2000 and 2016. The Democrats’ popular vote winning stretch began in 1992 with Clinton’s victory over George H.W. The highest share of the popular vote Democrats have won over this period is the 52.9% that Obama garnered in 2008.

Persons: Kamala Harris, Donald Trump, Theodore Roosevelt, Franklin D, Roosevelt, –, ”, Paul Pierson, Harris isn’t, Trump, Joe Biden, Harris, Evan Vucci, Grover Cleveland, Kyle Kondik, Bill Clinton, Barack Obama, Biden, Lee Drutman, Dwight Eisenhower, Eisenhower, Truman, “, Pierson, Franklin Roosevelt, Harry Truman, Mark Schiefelbein, George H.W, Clinton, Al Gore, Obama, Hillary Clinton, George W . Bush, William McKinley, Teddy Roosevelt’s, William Howard Taft’s, Warren Harding, Calvin Coolidge, Herbert Hoover, Harding, Lyndon B, FDR, John Sides, Lynn Vavreck, Michael Tesler, Kondik, that’s, Drutman, Mitch McConnell, ” Drutman, Mitt Romney’s, Nikki Haley, Republican pollster Patrick Ruffini, centrists, Jim Kessler, Reagan, H.W, H.W . Bush, haven’t, ” Pierson, Ruffini Organizations: CNN, Democrats, Deal, TR Republicans, FDR Democrats, Electoral College –, TR, Supreme, University of California, Electoral, House, Senate, AP, Republican Senate, Democratic, University of Virginia’s Center, Politics, FDR, White, White House, “ Republicans, New America, Republicans, Republican, Dort Financial, Electoral College, Trump, GOP, kinks, Democratic Party, “ Party, The Locations: Berkeley, Butler , Pennsylvania, LBJ, Dort, Flint , Michigan, George H.W . Bush, Bush, Vermont, Arkansas, North Carolina, –, ”, H.W .

☆ The 9 Elements of a Trump Rally
▼ + stars: | 2024-10-08 | by ( Ian Prasad Philbrick | Ashley Wu | ) www.nytimes.com time to read: +89 min

We have some voters, they’re for us, but they’ve never voted and they’re going to want to vote. There’s something wrong with Kamala and I just don’t know what it is, but there is definitely something missing. They’re going to get him in Florida.” It was always… That seemed to be the documents case. That’s great. They’re great.

Persons: there’s, I’m, It’s, Joe Biden, Kamala Harris, “, Trump, we’re, would’ve, Tim Walz, Biden, I’d, Rasmussen, We’re, David, they’re, they’ve, They’ll, You’re, “ You’ll, haven’t, she’s, everyone, David McCormick, Bob Casey, David’s, everybody’s, ”, we’d, Kamala, Oprah, doesn’t, I’ve, we’ve, Joe, Rachel Morin, who’s, that’s, Kamala let, … She’s, can’t, it’s, he’s, He’s, Wall, must’ve, ’ Kamala, Lyin, She’s, Donald Trump, “ I’m, Barack Hussein Obama, …, Obama, Hunter, Uncle Sam, Crooked Joe Biden, document’s, Sam, bah, what’s, David Muir, “ We’re, They’re, won’t, Mike Kelly, Kelly, Mike, Lyin ’ Kamala Harris, El Salvador, you’ve, he’ll, “ You’re, Donald, don’t, Don’t, Crazy Nancy Pelosi, Nancy Pelosi, Billy Graham, Franklin, “ Gee, Lyin ’ Kamala, Elon, Tesla, you’re, God, Sean O’Brien, I’ll, That’s, “ Donald Trump, Alphonse Capone, Alphonse, “ They’re, they’ll, Let’s, should’ve, Emerson, ” David, Dave McCormick, Dave, He’ll, Nick Langworthy, Nick, JD Longo, JD, we’ll, Corey, “ I’ve, Butler, Nobody, Tom, didn’t, Cory, Trumper, There’s, We’ve, “ Kamala, Go, San Francisco Kamala, Ronald Reagan couldn’t, Shawn Fain, It’ll, anybody’s, We’ll, Crooked Joe Organizations: Trump Republicans, Alabama, NFL, United, Democrat, Commonwealth, CPA, Border Patrol, Covid, ISIS, Space Force, Visa, Justice Department, National Guard, Green, Deal, Teamsters, of Police, New York Times, …, Nassau Coliseum, Slippery Rock, ICE, California, we’ll, Trump Reciprocal Trade, teamsters, US Steel, of Education, Black Colleges, Universities, Trump, Washington DC, America Locations: Pennsylvania, Commonwealth, Florida , Georgia, Alabama , Tennessee, Western North Carolina, Delaware, San Francisco, Erie , Pennsylvania, Alabama, Georgia, Wisconsin, United Nations, Iran, Erie County, Mexico, Tijuana, America, South America, Congo, Africa, United States, Asia, Yemen, California, Hollywood, Let’s, North Carolina, Russia, McDonald’s, New York, Ohio, Michigan, . Pennsylvania, Charleroi, Charleroi , Pennsylvania, … Charleroi, Harris, El, West Virginia, ”, China, Iowa, Philadelphia, Detroit, Atlanta, Florida, United States of America, Pennsylvania , Arizona , Wisconsin, Arizona, Slippery, Butler, That’s, San, Saudi Arabia, Japan, Ukraine, Washington

View at Amazon What we like Check mark icon A check mark. Comes with additional fill if you prefer a firmer pillowCheck mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark.

Organizations: Business, Casper, Pillow, Beckham

☆ Vista Outdoor agrees deal to sell its ammunition and sporting goods divisions for $3.4 billion
▼ + stars: | 2024-10-05 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

Vista Outdoor has announced a deal to sell its two divisions for $3.4 billion. It is set to sell Revelyst, its sporting goods business, for around $1.13 billion. That deal is subject to the completion of the sale of its ammunition business, Kinetic Group, for about $2.23 billion. Advertisement"Together, the CSG Transaction and the SVP Transaction represent an enterprise value of $3.35 billion for Vista Outdoor and will deliver an estimated $45 per share in cash to Vista Outdoor stockholders," the press release says. AdvertisementCzechoslovak Group is being advised by JPMorgan on the new deal, while Morgan Stanley is advising Vista Outdoor.

Persons: —, Michael Callahan, Morgan Stanley, Vista's Organizations: Kinetic, Service, Partners, Czechoslovak Group, CSG, Vista, Vista Outdoor, Reuters, JPMorgan, Moelis, Company Locations: Minnesota, Prague

☆ 'Your Rich BFF' finance creator has struck a new deal with Vox Media as the influencer podcasting space heats up
▼ + stars: | 2024-10-03 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +5 min

Finance creator Vivian Tu's podcast has a new home at Vox Media and wellness brand PS. Vox Media and Tu share why the partnership made sense and what helped seal the deal. Now, 30-year-old Tu is partnering with Vox Media and the newly rebranded wellness brand PS, formerly known as PopSugar, to launch a second season of the podcast. Vox Media was one of many suitors vying for the chance to collaborate with Tu, but they won because of an aligned vision and handing over creative control. AdvertisementAccording to Xu, Vox Media and Tu will work very closely together on the podcast's sales, marketing, and distribution, such as posting teasers of new episodes across Your Rich BFF and PS' social media accounts.

Persons: Vivian Tu's, —, Vivian Tu, Morgan, Tu, Ryan Serhant, Cassey Ho, Ankur Jain, I'm, Alix Earle, Jake Shane, It's, Gen Zers, millennials, they're, Vivian, there's, Lillian Xu, Vox, Xu, Rich BFF, you've Organizations: Vox Media, Service, YouTube, Business, Spotify

☆ A prominent finance creator has struck a new deal with Vox Media as influencer podcasting heats up
▼ + stars: | 2024-10-02 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +5 min

☆ What a resurgence in Wall Street dealmaking means for Morgan Stanley and Wells Fargo
▼ + stars: | 2024-10-02 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

Great news for Club stocks Wells Fargo and Morgan Stanley : The rebound in investment banking isn't over yet. We'll find out to what extent when Wells Fargo reports earnings on Oct. 11 and Morgan Stanley delivers quarterly results on Oct. 16. MS YTD mountain Morgan Stanley (MS) year-to-date performance For Morgan Stanley, a resurgence in its investment banking division is crucial to our investment thesis and why we stuck with it. WFC YTD mountain Wells Fargo (WFC) year-to-date Morgan Stanley's IB business is much larger than Wells Fargo's. Wells Fargo, which has a strong wealth management franchise, is branching out to take a slice of the IB pie.

Persons: Morgan Stanley, We'll, Wells, Jerome Powell, Powell, Rebecca Brokmeier, Brokmeier, Morgan, Jim Cramer, Goldman Sachs, underperformance, Dan Simkowitz, Jim, We've, Charlie Scharf, Jim Cramer's, William McChesney Martin Jr, Anna Moneymaker Organizations: Club, Wells, Federal Reserve, Wall, P Global Market Intelligence, KPMG, Global, Fed, National Association for Business, CNBC, Morgan Stanley's IB, IB, Bloomberg News, Federal, Getty Locations: U.S, Nashville , Tennessee, Wells, Wells Fargo, Washington , DC

☆ States forge ahead with Inflation Reduction Act energy rebates — so far, South Dakota is the only one to opt out
▼ + stars: | 2024-09-30 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

South Dakota is not participatingSouth Dakota Gov. The $68.6 million of federal money that had been set aside for South Dakota rebates will be redistributed among participating states. Fury also noted this isn't the first time South Dakota has rejected federal spending. Bipartisan legislation to create an energy rebate program had existed almost a decade earlier, like the Home Star Energy Retrofit Act in 2010. Ron DeSantis in 2023 had vetoed the state's authority to spend about $5 million of federal funds to administer the energy rebate program.

Persons: I'm, Kara Saul, Rinaldi, Kristi Noem, Scott Olson, Ian Fury, Fury, Saul, Ron DeSantis, Robert Gauthier Organizations: New York, U.S . Department of Energy, AnnDyl, D.C, DOE, of Columbia, Energy, South Dakota Gov, Republican National Convention, Getty, Green, Gov, Republican, South Dakota Bureau of Finance, Management, Home Star Energy, Republican Gov, state's Department of Agriculture, Consumer Services, CNBC, Florida Gov, Los Angeles Times, Department of Agriculture Locations: Arizona, Maine, New Mexico, Rhode Island, Wisconsin, Washington, California , Colorado , Connecticut, Delaware, Florida, Georgia, Hawaii , Illinois , Indiana , Michigan, Minnesota , New Jersey , New Hampshire , Massachusetts, North Carolina , Oregon , Tennessee , Vermont, West Virginia, Dakota, South Dakota, Rinaldi . Florida

☆ Treasurys on the blockchain: How a new deal could reshape the ETF industry
▼ + stars: | 2024-09-28 | by ( Krysta Escobar | ) www.cnbc.com time to read: +1 min

Blockchain technology and tokenization could challenge the traditional ETF model. Janus Henderson said recently that it's partnering with Anemoy Limited and Centrifuge to create Anemoy's Liquid Treasury Fund (LTF), an on-chain technology-based fund that will give investors direct access to short-term U.S. Treasury bills. "It's not necessarily a threat to the ETF industry," Nick Cherney, Janus Henderson's head of innovation, said on CNBC's "ETF Edge" this week. This is Janus Henderson 's first tokenized fund, according to a news release by the firm. Cherney notes it would have all the traditional features of an ETF.

Persons: Janus Henderson, Nick Cherney, Janus Henderson's, it's, Cherney Organizations: Anemoy, Treasury Fund, Treasury

☆ Indie movies are having a surprising comeback in a bleak time for Hollywood
▼ + stars: | 2024-09-28 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

AdvertisementDespite all the doom and gloom in Hollywood, there's optimism coming from a surprising place: indie films. "Longlegs" barely promoted its biggest star, Nicolas Cage, and is the year's biggest indie film, grossing over $100 million worldwide. AdvertisementThe case for hope for indie filmsRecently, there's been a spree of pieces predicting the death of indie films. Brands like Procter & Gamble and Neutrogena are taking a bigger role in film financing, too, providing another source of hope for indie films. Indie films can also be a bargain to rent or buy on streaming compared to big studio films.

Persons: Thelma, —, There's, Nicolas Cage, Dennis Quaid, Reagan, Matt Walsh's, Shawn Robbins, Seth, there's, Ampere, Jonathan Glickman, Neutrogena, Michael Messina, Ken Kao, They're Organizations: Service, Magnolia Pictures, Conservative, Blue Harbor Entertainment, Hollywood, Netflix, Ampere, Miramax, Waypoint Entertainment, Partners, Brands, Procter, Gamble, Toronto Film Locations: Hollywood, Seattle, Eastern Europe

☆ Every Falsehood, Exaggeration and Untruth in Trump’s and Harris’s Stump Speeches
▼ + stars: | 2024-09-21 | by ( Linda Qiu | Elena Shao | ) www.nytimes.com time to read: +54 min

They’re going to take away your guns, you saw that, they’re going to take away your guns. And at the end it was, “Thank you, thank you, thank, thank, thank, thank, thank, thank.” I said, “What the hell’s… What’s wrong with her?” I say, “Thank you.” And you wait a couple of seconds. “Thank you, thank, thank, thank, thank.” There’s something wrong with her, okay? She was all talk, I’m going to do this and I’m going to do that, and then I’m going to cut tax and then I’m going to give you 25,000 per house and then I’m going to go, over and over. When Biden was president — going to give up the whole thing to Russia, it looks like.

Persons: I’m, Kamala Harris, Rasmussen, We’re, Kamala, Sleepy Joe Biden, ”, “, can’t, Country’s, Harris, we’ve, you’re, You’re, “ Donald Trump, Donald Trump, – Joe Biden, didn’t, Sleepy Joe, ” “ I’m, Joe, That’s, Trump, What’s, Kamala …, she’s, Bernie Sanders, Nancy Pelosi, She’s, let’s, Kamala Harris …, I’ve, David Muir, David Muir barged, Sir, President Trump, FBI …, don’t, –, There’s, Donald J, You’ve, we’ll, – Mr, You’ll, Where’s Harris, would’ve, Jimmy Carter, Xi, Del Cueto, Biden, They’ve, “ They’re, ” They’re, They’re, it’s, it’ll, Let’s, Forbes, Michael, Jacky Rosen, Crooked Joe Biden, Joe Biden’s, Jacky, Sam Brown, Nobody’s, He’s, Joe Lombardo, Joe’s, that’s, It’s, they’re, Tampon Tim, tampons –, Governor Lombardo, we’re, Ding, haven’t, Russia would’ve, Bush, Barack Hussein Obama, —, Russia’s, Korea’s, Muhammad Ali, Muhammad, Henry, “ I’ll Organizations: Philadelphia TV, gaslight, JD, FBI, Department of Justice, of Justice Statistics, Communist, Border, Marxist, Street, The New York Times, New York Times, Washington, White, ICE, DHS, Forbes, United Auto Workers, Biden, Unions, Keystone XL, United States, Paris Climate, Nevada Climate Accord, Police, California, ABC Fake, Trump Reciprocal Trade, Green New, Washington D.C, We’re, America, Make Locations: Las Vegas, Aurora , Colorado, Springfield , Ohio, Colorado, Iowa, Pennsylvania, United States, McDonald’s, – Pennsylvania, ”, America, Idaho . Idaho, Haiti, Chile, Colombia, New York, Chicago, Florida, Middle America, Aurora, Virginia, Tennessee, Honduras, So Nevada, Nevada, American, You’ve, Texas, Western Nevada, Mexico, China, Paris, Russia, Saudi Arabia, California, Nevada , Wisconsin , Pennsylvania, Michigan, Washington, Manhattan, Ukraine, Israel, Italian, Venezuela

☆ The employment power pendulum is always swinging. Here's how workers can stay ahead.
▼ + stars: | 2024-09-21 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +10 min

AdvertisementA power pendulum is constantly swinging back and forth between employers and employees, guided by market forces and an ever-changing economy. Other times, employers have the power to set workplace norms, and workers are better off keeping their heads down. The cyclical nature of shifting workplace power does swing back and forth between employers and employees, but not automatically. AdvertisementThink of it as a supply-demand phenomenon: Whenever the labor market gets tight, and employer demand for workers exceeds the number of available workers, employees gain greater choice and, thus, power. Dorothea LangeA mere three decades later, however, the power pendulum swung back toward workers with The New Deal, which included unemployment relief and minimum wage legislation, among other worker rights.

Persons: —, Arne Kalleberg, Kalleberg, Dorothea Lange, COVID, Gerald Davis, Ward, there's, JOSEPH PREZIOSO, it's Organizations: Service, Business, University of North, Chapel Hill, Systems, University of Michigan, Vanishing American Corporation, Employers, Getty, Healthcare, Workers Locations: University of North Carolina, United States, AFP

☆ Billionaire Palmer Luckey takes a victory lap with return to headset world 8 years after getting fired from Facebook
▼ + stars: | 2024-09-19 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Palmer Luckey's Anduril is bringing its tech to the US Army's Integrated Visual Augmentation System. Luckey, who was ousted from Facebook, added that he is among the smartest people in the VR industry. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Palmer Luckey, the billionaire founder of Oculus VR and Anduril Industries, is bringing his virtual reality software to the military world after inking a new deal announced on Thursday.

Persons: Palmer, Luckey, —, Palmer Luckey Organizations: Facebook, VR, Service, Anduril Industries, US, Business

A golfing partner of Donald Trump has described the dramatic moment he heard gunshots and saw Secret Service agents dive on top of the former president during the apparent assassination attempt at his Florida golf course Sunday. The entire team converged on top of him, except for the snipers," Witkoff told NBC’s “TODAY” show. Joe Raedle / Getty ImagesTrump then made sure everyone present was OK, Witkoff said, including other friends who were on the course and the Secret Service agents. Witkoff said Trump has faith in the Secret Service and "respects them tremendously." He slows down on the golf course.

Persons: Donald Trump, Steve Witkoff, Trump, Ryan Routh, Routh, there's, Witkoff, NBC’s, Joe Raedle, It's, Joe Biden, Kamala Harris, That's Organizations: Secret, NBC, Service, Trump, FBI, Trump International Golf Club, Secret Service, Green New Locations: Florida, West Palm Beach, Fla, Pennsylvania

☆ Intel strikes deal with Amazon to develop AI chips for AWS
▼ + stars: | 2024-09-17 | by ( Seema Mody | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntel strikes deal with Amazon to develop AI chips for AWSCNBC’s Seema Mody reports on Intel's new deal to build AI chips for Amazon, how it could affect share prices, and more.

Persons: Seema Mody Organizations: Intel, Amazon

☆ Boeing Expected to Restart Labor Negotiations as It Seeks End to Strike
▼ + stars: | 2024-09-17 | by ( Niraj Chokshi | More About Niraj Chokshi | ) www.nytimes.com time to read: +1 min

Boeing and its largest union are expected to restart contract negotiations on Tuesday with the help of federal mediators, days after thousands of workers rejected a previous offer and went on strike. The company makes several airplanes, including the 737 Max, its most popular, in two factories outside the city. If the strike lasts for several weeks, analysts estimate that Boeing, which was already in a financially precarious position before the stoppage began, could lose billions of dollars. Workers last week overwhelmingly rejected a tentative contract that Boeing and union officials had negotiated, saying that it fell well short of what the union had initially sought on raises, retirement benefits and other issues. Tuesday’s meeting will take place in Seattle, where small teams of leaders from Boeing and the union will convene with representatives from the Federal Mediation and Conciliation Service, a government agency that helps to resolve labor disputes.

Persons: Brian West Organizations: Boeing, Workers, Federal Mediation, Conciliation Service Locations: Seattle

☆ UAW President Fain announces strike vote plans at Stellantis
▼ + stars: | 2024-09-17 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —United Auto Workers union President Shawn Fain said Tuesday the union plans to hold strike authorization votes against Stellantis because the automaker is failing to live up to guarantees it made in the 2023 labor deal it reached with the union at the conclusion of a six-week strike. During the livestreamed speech, Fain said that the union would be “holding strike authorization votes at one or more Stellantis locals. It is possible, since only some locals will be holding strike authorization votes, that only some plants will be struck. Asked Monday about an unfair labor practice charge by the UAW, Stellantis said it had yet to see the complaint and couldn’t comment directly on it. “We will communicate our plans to the UAW at the appropriate time.”But Fain blasted that statement from Stellantis.

Persons: Shawn Fain, Fain, ”, Stellantis, “, Carlos Tavares Organizations: New, New York CNN — United Auto Workers, Stellantis, ”, General Motors, Ford, Jeep, Dodge, Chrysler, UAW Locations: New York, North America, Stellantis

☆ Why these three states are the most consistent tipping point in American politics
▼ + stars: | 2024-09-17 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +21 min

Trump won the presidency in 2016 by stunning Democrat Hillary Clinton to win all three states by a combined margin of about 80,000 votes. But, as in other states, Democrats have been concerned about the risk of depressed turnout and some gains for Trump among Black voters in Philadelphia. Eight years later, the two states split again, when Roosevelt comfortably won Pennsylvania and Michigan narrowly went to Republican Wendell Willkie. This trio of states has arguably become the most consistent tipping point in American politics. In the nine elections since 1920 when they split their vote, the candidate who carried two of these three states won seven times.

Persons: Kamala Harris, Donald Trump –, Trump, Hillary Clinton, Joe Biden, Harris, Bob Shrum, Shrum, Tad Devine, “, Biden, PRRI, William Frey, Tim Marema, don’t, Mason, Dixon, Barack Obama, Tony Evers, Gretchen Whitmer, Josh Shapiro, Republican Sen, Ron Johnson, Dane County, Ben Wikler, Pete Giangreco, ”, You’ve, That’s, Gene Ulm, Roe, Wade, Whitmer, Branden Snyder, It’s, Clinton, Dante Chinni, White, ” Chinni, they’ve, They’ve, Republican pollster Patrick Ruffini, Ruffini, “ I’m, ” Ruffini, Geoff Garin, Michael Dukakis, Republican George H.W, Republican George H.W . Bush, James Buchanan, John C, Franklin D, Roosevelt, Herbert Hoover, Republican Wendell Willkie, Gerald Ford, Jimmy Carter, Theodore Roosevelt’s, Al Gore, John Kerry, Republican Thomas Dewey, Hubert Humphrey, Garin Organizations: CNN, White House, Democratic, Michigan, Wisconsin, AdImpact, Trump, Center, University of Southern, “, Republicans, Survey, Blacks, of Labor Statistics, Public Religion Research, Whites, GOP, Brookings Metro, for Rural, doesn’t, Keystone State, Republican, Center for Rural, Democrats, Biden, Black, White, Wisconsin , Michigan Democrats, Detroit, Electoral, American Communities Project, …, Democrat, Pennsylvania, Republican Party Locations: Michigan, Wisconsin, Pennsylvania, Georgia, North Carolina , Arizona, Nevada, Flint , Michigan, University of Southern California, California , New York, Illinois, Texas, Florida, Ohio, . Michigan, Wisconsin’s, Milwaukee, Philadelphia, Detroit, Waukesha, Ozaukee, Washington, Madison, Dane, Dane County, Eau Claire, Appleton, La Crosse, Outagamie, Winnebago, Green Bay, Green, Chicago, Scranton, Wilkes, Barre, ” Michigan, “ Michigan, Gaza, Wisconsin , Michigan, United States, “ Pennsylvania, Ulm, Pittsburgh, Butler , Pennsylvania, Republican George H.W ., Fremont, North Carolina, Michigan , Pennsylvania, “

☆ Progressives aren't quite sure how to deal with Jill Stein
▼ + stars: | 2024-09-17 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +8 min

The New York progressive was asked how to convince people who supported Green Party presidential candidate Jill Stein that they were "wasting their time and effort." "You are the leader of your party," Ocasio-Cortez said of Stein, who's running for president for the third time this year after mounting bids in 2012 and 2016. In interviews at the Capitol last week, they ranged from conciliatory to critical when the topic of the Green Party arose. Rep. Greg Casar of Texas even confessed that the Green Party "hasn't been something that's crossed my mind a lot." AdvertisementRep. Becca Balint of Vermont charged that candidates like Stein and West are "ego driven" and "not reading the room."

Persons: Alexandria Ocasio, Cortez, Jill Stein, Stein, who's, It's, it's, she's, Trump, She's, Ocasio, Jill Stein hasn't, Donald Trump's, There's, Cornel West, Ro Khanna, Jamaal Bowman, Bowman, there's, That's, Ilhan Omar, Instagram, M1wMHDqdtH — bryan metzger, Stein's, Joe Biden, Progressives weren't, they've, Kamala Harris, who've, — Bowman, Cori Bush, Missouri —, Sen, Bernie Sanders —, Hillary Clinton's, Harris, Greg Casar, Becca Balint, Vermont, Balint Organizations: Service, Green Party, Business, Democratic Party, Democratic, Greens, Pelosi, American, Progressives, AIPAC, Council, Islamic Relations, Lawmakers, Green, Capitol Locations: Alexandria, York, Russia, Ocasio, Gaza, Israel, Michigan , Wisconsin, Pennsylvania, Wisconsin , Michigan, North Carolina, California, Chicago, Minnesota, Missouri, Dearborn , Michigan, Texas, West

☆ Boeing freezes hiring in sweeping cost cuts as it grapples with factory worker strike
▼ + stars: | 2024-09-16 | by ( Leslie Josephs | ) www.nbcnews.com time to read: +2 min

Boeing announced sweeping cost cuts on Monday, including a hiring freeze, a pause on nonessential staff travel and a reduction on supplier spending to preserve cash as it deals with a strike of more than 30,000 factory workers. Boeing factory workers, mostly in the Seattle area, started walking off the job early Friday after overwhelmingly rejecting a tentative labor deal, halting most of Boeing’s aircraft production. It was the first clear sign of how the strike will affect the hundreds of suppliers that rely on Boeing work. The financial impact of the strike will depend on how long it lasts, but Boeing is focused on conserving cash, West said at a Morgan Stanley conference Friday. On Friday, Moody’s put all of Boeing’s credit ratings on review for a downgrade and Fitch Ratings said a prolonged strike could put Boeing at risk of a downgrade.

Persons: Brian West, ” West, West, Morgan Stanley, Kelly Ortberg, Moody’s Organizations: Boeing, Morgan, Fitch Locations: Seattle

☆ Intel shares jump on chip deal with Amazon
▼ + stars: | 2024-09-16 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Intel’s struggling chip-making business got a boost Monday from a high-profile client: Amazon. Intel Foundry and Amazon Web Services will coinvest in a custom chip design for the latter and “announced a multi-year, multi-billion-dollar framework,” according to a release. “Specifically, Intel Foundry will produce an AI fabric chip for AWS on Intel 18A,” Intel CEO Pat Gelsinger said in the statement Monday. The new deal, along with a $3 billion grant from the US government to boost domestic chip making and make chips for the US military, “demonstrates the continued progress we are making to build a world-class foundry business,” Intel said in the statement. Intel has changed its business model to try to become a global chip manufacturer to rival Taiwan’s TSMC.

Persons: New York CNN —, “, Pat Gelsinger, Gelsinger, Taiwan’s TSMC, It’s Organizations: New, New York CNN, Intel, Intel Foundry, Amazon Web, Qualcomm, Texas Instruments, Nvidia, AWS Locations: New York, Arizona , Oregon, New Mexico, Ohio, Germany, Poland

Search resuls for: "New Deal"

25 mentions found