DIRS.INFO The most relevant business & tech news

“For years, forces behind the scenes have repeatedly attempted to silence my voice and dig my political grave,” Menendez said in a statement. It's a sign, those who know Menendez said, that he won't be going anywhere without a fight, for now. His own biography touts the fact that he wanted to fight corruption early in his political career, testifying against Union City officials and building a reputation as tough. Menendez was appointed to be a U.S. senator in 2006 when the seat opened up after incumbent Jon Corzine became governor. The couple began dating in 2018 and got engaged in 2019 after meeting at an IHOP in Union City, a frequent haunt of Menendez’s.

Persons: — Sen, Bob Menendez's, Menendez, “, ” Menendez, “ Sen, what’s, I’ve, Steve Sweeney, ’ It’s, —, Jon Corzine, hasn't, Bob Menendez, ”, Benjamin Dworkin, Nadine, Alicia Menendez, Rob Menendez, Biden, Loretta Weinberg, he's, Dr, Salomon Melgen, wasn't, He's, Philip R, Sellinger Organizations: Democratic, Union City, U.S . House, Foreign Relations, Republican Party, “, Rowan Institute for Public Policy, Citizenship, Republicans, New Locations: TRENTON, N.J, Union City , New Jersey, U.S, Union City, New Jersey, Florida, Dominican Republic, Egypt

Menendez serves as the powerful chairman of the Senate Foreign Relations Committee. And as chairman, he had unique influence over foreign military sales and foreign military financing. The State Department typically seeks the input of the chairperson and top minority senator on the Foreign Relations panel when it comes to foreign military financing and foreign military sales, and the department generally will not go forward if one of the two senators objects. Hana is a friend of Nadine Menendez and the Egyptian-American founder of a business that certifies beef imported into Egypt meets Islamic religious standards. “Congratulations mon amour de la vie, we are the proud owners of a 2019 Mercedes,” Nadine Menendez texted her husband, along with a heart emoji.

Persons: — Democratic U.S . Sen, Bob Menendez, Egypt —, Menendez, ”, Nadine, “, Prosecutors, Nadine Arslania, David Schertler, Wael Hana, Jose Uribe, Fred Daibes, Nadine Menendez, He's, Hana, Uribe, ” Nadine Menendez, Hana's, Salomon Melgen, Melgen, Donald Trump, Chuck Schumer, Sen, Ben Cardin, Schumer, Phil Murphy Organizations: WASHINGTON, — Democratic U.S ., Senate Foreign Relations, U.S, Embassy, The State Department, Foreign Relations, U.S . House, Strategic International Business Consultants LLC, -, New, Daibes, Senate, New Jersey voters, Republican, NEXT, Democratic, While New, While New Jersey Gov Locations: Egypt, New Jersey, Jersey, U.S, Cairo, Union City , New Jersey, Edgewater , New Jersey, Florida, Dominican Republic, Paris, Washington, D, While, While New Jersey

Danil Shamkin | Nurphoto | Getty ImagesU.S. Sen. Bob Menendez of New Jersey and his wife were indicted in New York on federal bribery charges for accepting cash, gold bars, home mortgage payments and more as part of "corrupt relationship" with three businessmen from their home state. "This investigation is very much ongoing," said Manhattan U.S. Attorney Damian Williams at a press conference on the indictment of the senator and his wife, Nadine Menendez. Source: SDNYThis is the second time Menendez has been indicted on federal bribery charges. U.S. Senate Foreign Relations Committee Chairman Bob Menendez, D-N.J., and his wife, Nadine Arslanian, arrive for a reception honoring Greek Prime Minister Kyriakos Mitsotakis and his wife, Mareva Mitsotakis, in the East Room of the White House in Washington, D.C., May 16, 2022. Those efforts allegedly included the senator recommending to Biden that he nominate a candidate for U.S. Attorney for New Jersey "who Menendez believed could be influenced by Menendez with respect to Daibes's case," the indictment charges.

Persons: Sen, Robert Menendez, Nikos Christodoulides, Danil, . Sen, Bob Menendez, Menendez, Joe Biden, Damian Williams, Nadine Menendez, Bob Menendez's, Wael Hana, Jose Uribe, Fred Daibes, Nadine, NADINE MENENDEZ’s, Salomon Melgen, Melgen, Nadine Arslanian, Kyriakos Mitsotakis, Mareva Mitsotakis, Chip Somodevilla, Hana, Uribe, Biden, Phillip Sellinger, Sellinger, David Schertler, Ms, Daibes, Nadine Menendez's Organizations: Nurphoto, Getty, ., Bob Menendez of New, Government, U.S Department of Agriculture, Democratic, Attorney, Manhattan U.S, Foreign, NBC News, U.S, Senate Foreign Relations, Greek, White, Washington , D.C, WNBC Locations: Republic of Cyprus, Nicosia, Cyprus, Bob Menendez of, Bob Menendez of New Jersey, New York, Egypt, New Jersey, Manhattan, Florida, Washington ,

CNN —New Jersey Democratic Sen. Bob Menendez was charged on Friday with corruption-related offenses for the second time in 10 years. Menendez and his wife, Nadine Arslanian Menendez, are accused of accepting “hundreds of thousands of dollars in bribes” in exchange for the senator’s influence, according to the newly unsealed federal indictment. This is the second set of corruption charges levied against Menendez by the Justice Department in a decade. Beginning in April, his wife sold gold bars worth as much as $400,000, according to the senator’s most recent financial disclosure form. Sen. Bob Menendez, his wife Nadine and Jose Uribe pictured in the indictment released Friday.

Persons: New Jersey Democratic Sen, Bob Menendez, Menendez, Nadine Arslanian Menendez, Cash, ”, ” Menendez, Nadine, Wael Hana, Jose Uribe, Fred Daibes, Hana, Sen, MENENDEZ, Menendez ’, Jose, Uribe, Prosecutors, Salomon Melgen, Melgen, Donald Trump Organizations: CNN, New, New Jersey Democratic, Prosecutors, Justice Department, Senate Democratic, Foreign Relations, Court Southern District of, Department of Agriculture, of Agriculture, Agriculture Department, EG, Hyatt, Court Southern District of New, The Justice Department, “ Locations: New Jersey, Court Southern District of New York, Jersey, Egypt, Washington, Paris

☆ Fact Check-Inaccurate WEF Founder Klaus Schwab family tree shared online
▼ + stars: | 2023-09-01 | by ( Reuters Fact Check | ) www.reuters.com time to read: +4 min

A photo that claims to depict the family tree of World Economic Forum (WEF) Founder Klaus Schwab includes multiple inaccuracies. Posts online are taking it as evidence he is related to the Rothschild banking dynasty on his mother’s side. The same image of the family tree appeared online as early as July 2021 in a conspiracy thread on Reddit (here). KLAUS SCHWAB PARENTSThe family tree notes an accurate birth year for Klaus Schwab, but the names of his parents are incorrect. The photo shared on social media includes multiple inaccuracies to falsely link Klaus Schwab to the Rothschild banking dynasty.

Persons: Klaus Schwab, Rothschild, Mayer Amschel Rothschild, Schwab, KLAUS SCHWAB, Eugen Wilhelm Schwab, Erika Epprecht, Yann Zopf, “, ”, FRED, MARIANNE SCHWAB, Marianne Schwab, Marianne Rothschild, Marianne, Klaus, nee Rothschild, Louis, Melanie Rothschild, Fred Schwab, Leslie, Madeleine, Fred, Marianne’s, LOUIS ROTHSCHILD, Marianne Schwab’s, Louis Rothschild, Louis Nathaniel von Rothschild, Countess Hildegard Johanna Caroline Marie Auersperg, Louis Nathaniel’s, Salomon Albert Anselm von Rothschild, Bettina Caroline de Rothschild, Moritz, Emma Rothschild, Spokespeople, Read Organizations: Economic, Facebook, Zekelman Holocaust, Jewish, Rothschild, Getty, Reuters Locations: Ravensburg, Germany, Frankfurt, England, United States

☆ Laszlo Birinyi, Leading Stock Picker and Market Forecaster, Dies at 79
▼ + stars: | 2023-08-30 | by ( Alex Traub | More About Alex Traub | ) www.nytimes.com time to read: +1 min

His wife, Jill Costelloe Birinyi, said the cause was chronic heart failure. Mr. Birinyi (pronounced BUH-ree-nee), a former equities analyst at Salomon Brothers who founded his own money management firm in Westport, Conn., argued that the market had not only a history but also a “psychology,” and he used this insight as the basis for his market predictions. The public began to sense that Mr. Birinyi was onto something in the 1990s. As a frequent guest of “Wall Street Week,” a popular show on PBS (and, briefly, CNBC) hosted by Louis Rukeyser, Mr. Birinyi again and again won an annual stock-picking competition among panelists. From 1993 to 1998, his average annual return was 44 percent, against a 19.8 percent average annual rise by the Dow Jones industrials.

Persons: Laszlo Birinyi, “, ”, Jill Costelloe Birinyi, Birinyi, Salomon, Louis Rukeyser, Dow Jones industrials Organizations: Salomon Brothers, PBS, CNBC, Dow Locations: Southport, Conn, Westport

CNN —At least 16 people have been killed and 36 more injured following a bus crash Tuesday on central Mexico’s Cuacnopalan-Oaxaca highway, according to officials. The bus, which was carrying locals and migrants, collided with a trailer truck on the highway near the border between the states of Oaxaca and Puebla, Oaxaca’s Prosecutor’s Office said in a statement. The injured were transferred to hospitals in Puebla for medical attention. The reason for the collision is unknown, but the prosecutor’s office has said they will conduct an expert-led investigation to uncover what events unfolded that led up to the crash and determine if anyone should be held liable. “I have instructed the heads of the relevant authorities to collaborate and support the injured people,” the governor of Oaxaca, Salomón Jara Cruz, said on X, formally known as Twitter.

Persons: Salomón Jara Cruz, “ Organizations: CNN Locations: Mexico’s, Oaxaca, Puebla, Oaxaca’s

☆ Economist discusses Rhine water level forecasts
▼ + stars: | 2023-08-14 | 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 EmailEconomist discusses Rhine water level forecastsSalomon Fiedler, economist at Berenberg, says 2023 is shaping up not to be "that bad" a year for the Rhine.

Persons: Salomon Fiedler Organizations: Economist

LONDON, Aug 11 (Reuters) - U.S. hedge fund Davidson Kempner Capital Management (DK) said on Friday it had agreed to sell Prelios to fintech firm ION Group, in a long-awaited deal which two sources said valued the Italian credit manager at 1.35 billion euros ($1.5 billion). DK, which did not disclose the sale price, had been looking for a buyer for years, and held discussions for several months with ION. Dublin-based ION Group was in turn in talks with banks for months to secure funding for the deal. Founded by former Salomon Brothers trader Andrea Pignataro, ION Group provides services of trading, analytics, treasury and risk management for capital and commodity markets. In 2021 in Italy alone, ION bought banking software provider Cedacri for $1.8 billion and acquired Cerved in a deal that valued the credit data and management group at nearly 2 billion euros.

Persons: Salomon, Andrea Pignataro, UniCredit, Intesa, DK, Lazard, Prelios, Mediobanca, Goldman Sachs, Morgan Stanley, Riccardo Serrini, Valentina Za, Pablo Mayo, David Goodman, Susan Fenton Organizations: Davidson, Capital Management, ION Group, ION ., ION, Reuters, BNP, Banco, Standard Chartered Bank, Mediobanca, UBS, X3, DK, Thomson Locations: ION . Dublin, Italy

☆ Germany risks falling back into recession as car industry sputters
▼ + stars: | 2023-08-07 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +3 min

London CNN —Industrial production in Europe’s biggest economy fell 1.5% in June compared with May, driven by a 3.5% drop in Germany’s vast automotive sector. The decline in German industrial output, much steeper than forecast by economists, raises the risk that the manufacturing heavyweight will contract again later this year, potentially falling back into recession. The construction sector, where output shrank by 2.8%, also had a negative impact on overall industrial production, the country’s statistics office said Monday. “German industry remains in rough waters,” Salomon Fiedler, economist at Berenberg, said in a note Monday, noting last year’s energy price shock and weakness in US and Chinese demand, among other factors. Berenberg expects Germany to fall back into “a mild recession” in the second half of this year, Fiedler added.

Persons: “, ” Franziska Palmas, Jörg Krämer, Hildegard Müller, ” Salomon Fiedler, Fiedler, — Mark Thompson, Anna Cooban Organizations: London CNN —, Capital Economics, Auto, German Automotive Industry Association, Volkswagen Locations: Germany, Europe, China, Russia, Ukraine, “

That will leave investors guessing whether another rate hike is coming in September or if July marks the end of the ECB's fastest-ever tightening spree. While markets had fully priced in another rate hike just a few weeks ago, investors are now split, with many expecting July's move to be the last. "We see a 60% probability that the ECB will hike again by a final 25bp on 14 September," Berenberg's Salomon Fiedler said. "Softer data such as the drop in the Eurozone composite PMI indicate a rising chance that the central bank will stay put in September already." This is a key reason why the balance of expectations has started to shift away from another rate hike, with economists increasingly focusing on how long rates will stay high.

Persons: July's, Berenberg's Salomon Fiedler, Isabel Schnabel, Jerome Powell, Anatoli Annenkov, Christine Lagarde, Commerzbank's Marco Wagner, Catherine Evans Organizations: European Central Bank, ECB, PMI, U.S . Federal Reserve, Thomson Locations: FRANKFURT

☆ Chicago business executive and philanthropist Jim Crown killed in Colorado racetrack crash
▼ + stars: | 2023-06-27 | by ( ) www.cnbc.com time to read: +4 min

Crown, a grandson of industrialist Henry Crown and the chief executive of Henry Crown & Co., was involved in a single-vehicle accident at the Aspen Motorsports Park in Woody Creek, the Pitkin County coroner's office said in a news release. Crown's father, financier Lester Crown, said his son "was driving a race car, and it hit a wall going around a curve," the Chicago Sun-Times reported. "There never was a finer human being in every way," Lester Crown said. Crown's family business, Henry Crown & Co., invests in public and private securities, real estate, and operating companies. "The Crown family is deeply saddened by the sudden passing of Jim Crown in an accident earlier (Sunday)," his family said.

Persons: James, Jim Crown, Henry Crown, Lester Crown, Jim, Barack Obama, Michelle Obama, Brandon Johnson, Obama, Salomon, Lester, Renée Organizations: James Crown, University of Chicago, Chicago . Crown, Co, Aspen Motorsports, Chicago Sun, Times, Commercial Club of Chicago, Sun -, Chicago, Aspen Skiing Co, General Dynamics, JPMorgan Chase, The Aspen Institute, Museum of Science, Industry, President's Intelligence, Hampshire College, Stanford Law School, Salomon Brothers Inc, Capital Markets Service Locations: Chicago ., Chicago, Colorado, Woody Creek, Pitkin County, It's, Amherst , Massachusetts, New York

NEW YORK, May 16 (Reuters) - Ed Wehle, a senior Barclays Plc (BARC.L) technology banker, has resigned to join U.S. rival Citigroup Inc (C.N) in New York, according to an internal memo seen by Reuters, adding to an exodus of top investment bankers from the London-based bank. An investment banking veteran of nearly three decades, Wehle will join Citigroup as its global head of technology services, Mark Keene, Citigroup's global head of technology investment banking, wrote in the memo to employees on Tuesday. "Technology services complements Citi’s unparalleled global client position, and Ed will work closely with partners in Asia, EMEA and Latin America," said Philip Drury, global head of technology & communications banking, capital markets & advisory at Citi. He was previously head of global technology services banking at Barclays, which he had joined in 2018 from Deutsche Bank AG (DBKGn.DE). Reuters reported on Monday that at least seven top Barclays technology, media and telecommunications (TMT) bankers have resigned to join UBS Group AG (UBSG.S) in the U.S. in the last few days.

☆ Warren Buffett says American banks could face more turbulence ahead, but deposits are safe
▼ + stars: | 2023-05-06 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Buffett, when asked about the recent tumult that led to the collapse of three mid-sized institutions since March, launched into a lengthy diatribe about the matter. In the early 1990s, Buffett served as CEO of Salomon Brothers, helping rehabilitate the Wall Street firm's tattered reputation. The core problem, as Buffett sees it, is that the public doesn't understand that their bank deposits are safe, even those that are uninsured. Meanwhile, Buffett said that he keeps his personal funds at a local institution, and isn't worried despite exceeding the threshold for FDIC coverage. "The messaging has been very poor, it's been poor by the politicians who sometimes have an interest in having it poor," he said.

☆ Factbox: Warren Buffett, Berkshire Hathaway at a glance
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +8 min

[1/2] Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan/File PhotoMay 4 (Reuters) - Tens of thousands of people are descending on Omaha, Nebraska to attend the annual shareholder weekend for billionaire investor Warren Buffett's Berkshire Hathaway Inc (BRKa.N). Susan Buffett and Howard Buffett are Berkshire directors. His Berkshire stock will go to philanthropy after he dies. (Interview with CNBC, April 12, 2023)Abel on Berkshire managers' relationship with him: "It's not the same as working for Warren.

☆ How a Texas farm girl went from intern to CEO of a logistics startup with $53 million in funding before the age of 40
▼ + stars: | 2023-05-04 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

On the path from unpaid intern to CEO, Heather Salomon-Hoover wrote four resignation letters. And after nearly 18 years at the Texas delivery firm uShip, Salomon-Hoover officially became CEO Thursday. She's held 11 different positions at the company before CEO, including chief operating officer and interim CEO. That's a long way from uShip, which specializes in moving bulky, oddly shaped goods across town or across the country. I'm a first-time CEO, first-time board member, and for that I'm constantly looking to grow my mentorship base," she said.

☆ Magnitude 5.3 quake strikes Mexico, no major damage or injuries reported
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: 1 min

[1/2] People stand on the street during a quake alarm in Mexico City, Mexico, April 3, 2023. The epicenter of the quake was near the Pacific beach resort of Puerto Escondido, in southern Oaxaca state, according to the USGS. Shortly after the quake, Oaxaca Governor Salomon Jara wrote on Twitter that no damages had been detected in the state. In nearby Morelos, Puebla and Mexico City, authorities also ruled out damages. Reporting by Kylie Madry and Sarah Morland; Editing by Himani Sarkar and David Alire GarciaOur Standards: The Thomson Reuters Trust Principles.

☆ 'Business is very good, unfortunately': Arms fair spotlights bonanza year ahead for weapons companies
▼ + stars: | 2023-02-24 | by ( Natasha Turak | ) www.cnbc.com time to read: +8 min

Mohammed Zarandah | Anadolu Agency | Getty ImagesFew things illustrate the health of the arms industry like a massive defense fair. Indeed, many countries are ramping up their defense spending to unprecedented levels. On top of that, U.S. military spending on Ukraine alone hit nearly $50 billion in the last year. China and Saudi Arabia also set respective records for their own governments' defense spending in 2022, despite inflation, giving no indications of slowing down. France's Caesar self-propelled guns, which have been highly effective in battle for the Ukrainian military, normally take two years to make; the government aims to cut that time in half.

☆ Europe's natural gas prices fall below €50
▼ + stars: | 2023-02-17 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Europe’s natural gas prices have tumbled to their lowest level in nearly 18 months in the latest sign the region has avoided a much-feared energy crisis. Benchmark wholesale gas prices fell almost 5% Friday to hit €49 ($52) per megawatt hour, their lowest level since September 2021 and a fraction of the all-time high of €320 hit in August last year, according to data from Independent Commodity Intelligence Service. The plunge in prices will further reduce the risk of a recession in Europe. Gas stores across the European Union were 65% full on Thursday, according to Gas Infrastructure Europe, an industry body. The bloc has also boosted imports of pipeline natural gas from Norway, and of liquefied natural gas (LNG) — a chilled, liquid form of gas that can be transported via sea tankers — mostly from the United States and Qatar.

☆ Europe grew faster than the US last year. Its markets are outperforming too
▼ + stars: | 2023-02-01 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

The overall rise is a reversal of a 15-year trend that has seen US stock indices, flush with fast-growing tech companies, consistently beat those across the Atlantic. Over the past decade, investors poured money into fast-growing tech stocks, aided by ultra-low interest rates. (SXXL)But tech companies have taken a beating recently. Tech companies, including Microsoft and Alphabet, announced thousands of layoffs last month. High interest rates make it more expensive for companies to borrow to expand their business, raising doubts about their future earnings.

☆ Sneaker resale platform StockX says it turned away $100 million in fake items in 2022
▼ + stars: | 2023-01-19 | by ( Danni Santana | ) www.businessinsider.com time to read: +4 min

StockX says it rejected $100 million worth of counterfeit products from resellers in 2022. The resale marketplace said in its annual report that it recorded record revenues in 2022. Overall, the resale platform turned away over 330,000 fake items shipped by sellers for verification last year, according to its latest annual marketplace report. StockX currently inspects over 1 million items a month at its 13 authentication centers worldwide. Nike, Jordan Brand, Adidas, New Balance, and Converse once again were the top selling sneaker brands on the platform.

☆ Analysis: Bond traders get their swagger back in rate-obsessed markets
▼ + stars: | 2023-01-17 | by ( Lananh Nguyen | ) www.reuters.com time to read: +5 min

REUTERS/Andrew KellyNEW YORK, Jan 17 (Reuters) - Bond traders are stars again on Wall Street. Fixed income, currencies and commodities (FICC) traders bolstered bank profits last year despite dreary deal markets. Bond specialists in the $22 trillion Treasuries market are in high demand as the Federal Reserve and other central banks have aggressively raised interest rates over the past two years. After the financial crisis, central bankers in the United States and advanced economies steadied markets by holding interest rates near zero. On Tradeweb Markets Inc's (TW.O) electronic bond trading platforms, average daily volumes rose almost 10% in 2022.

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

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

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

☆ Girl Scout mom kicked out of Radio City and barred from seeing Rockettes after facial recognition tech identified her
▼ + stars: | 2022-12-21 | by ( Julianne Mcshane | ) www.nbcnews.com time to read: +5 min

“I was just a mom taking my daughter to see a Christmas show,” she told NBC New York. It’s un-American to do this.”The Rockettes perform at Radio City Music Hall in New York in 2019. The spokesperson added that a sign outside Radio City Music Hall informs visitors that facial recognition technology is among the security measures it has in place. The company spokesperson called its policy “straightforward” and said attorneys at firms pursuing litigation against it are welcome at its venues once the litigation is resolved. New York court records show that there are more than 20 active lawsuits pending against MSG Entertainment and its properties in the state.

Search resuls for: "Salomon"

25 mentions found