DIRS.INFO The most relevant business & tech news

☆ Leaked photos show a Dollar General store with rat-chewed products, a dead rodent, and fecal matter covering the stockroom floor.
▼ + stars: | 2023-08-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Photos at a Dollar General store in Texas show evidence of a rat infestation. It's the latest Dollar General store to face problems with rodents — and resulting health hazards. Rat waste is seen on the floor of the stockroom at the Dollar General store in Texas. A worker said he found this dead rat at the Dollar General store in Texas. On Tiktok, Dollar General workers and customers have also complained about products contaminated by rodents.

Persons: Timothy Organizations: Service, Dollar, Cities Health District, Employees, US Food and Drug Administration, CNN, New York Daily News Locations: Texas, Wall, Silicon, East Texas, Hutto, Austin, Williamson County, Maryland, Massachusetts, Bessemer , Alabama, West Memphis , Arkansas, New York's Queens

It will be based in Los Angeles and led by Banc of California CEO Jared Wolff. Shares of PacWest surged 34% after the market close, while Banc of California jumped 9%. PacWest stockholders will receive 0.6569 Banc of California shares for each PacWest share they currently own. Meanwhile, the two private equity firms will be issued new Banc of California stock worth $400 million at a price of $12.30 per share. PacWest had total assets of $44 billion at the end of March, while Banc of California had assets of $10 billion, according to separate company filings.

Persons: Warburg Pincus, Centerbridge, Jared Wolff, PacWest, Timothy Coffey, Janney Montgomery Scott, Janet Yellen, Ares Management, Wolff, We've, David Smith, Nomura, Niket, Nupur Anand, David French, Pete Schroeder, Tatiana Bautzer, Megan Davies, Lananh Nguyen, Arun Koyyur, Jonathan Oatis, Sonali Paul Organizations: PacWest Bancorp, Warburg, Centerbridge Partners, midsize, RARE, Bank, Pacific Western Bank, Federal Deposit Insurance Corporation, Autonomous Research, U.S, Thomson Locations: Banc, California, Los Angeles, U.S, Bengaluru, New York

☆ How Fake Science Sells Wellness
▼ + stars: | 2023-07-26 | by ( Rina Raphael | ) www.nytimes.com time to read: +2 min

You can’t browse a grocery store or pharmacy without being subject to flashy labels that promote health benefits. But it’s becoming more common, said Timothy Caulfield, a research chair in health law and policy at the University of Alberta. Mr. Caulfield coined the term “scienceploitation” to describe how brands borrow language from emerging areas of science to market unproven products. Scienceploitation crops up in far more places today than ever before, including in search results, on social media platforms and from influencers, Mr. Caulfield said. But they can’t always separate fact from fiction: A 2021 study suggested that people who trust science were more likely to share false claims that contained scientific references than claims that didn’t.

Persons: Timothy Caulfield, Caulfield, Sienna Piccioni Organizations: ”, University of Alberta, Mr, Federal Trade Commission Locations: influencers

☆ Banc of California and PacWest Bancorp will merge into a new bank holding $36 billion in assets
▼ + stars: | 2023-07-26 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Banc of California and PacWest Bancorp shares surged after announcing an all-stock merger. The new bank will have $36 billion in assets and $30.5 billion in total deposits. Banc of California shares jumped 8.4% to $15.85 apiece in after-hours trade, extending gains from an 11% rise on Tuesday. The all-stock deal will result in a new bank with $36 billion in combined assets, Banc of California and PacWest announced on Tuesday. It will have $25.3 billion in total loans and $30.5 billion in total deposits.

Persons: PacWest, Jared Wolff, Warburg Pincus, Wolff, We've, Timothy Coffey, Janney Montgomery Scott Organizations: PacWest Bancorp, Morning, Warburg, Centerbridge, Reuters, Silicon Valley Bank, Signature Bank, JPMorgan, First Republic Bank, First Citizens Bank, New York Community Bancorp Locations: California, Banc, Silicon, Signature Bank , New York

☆ When El Niño exacerbates global warming: Record heat, record flooding, record wildfires
▼ + stars: | 2023-07-15 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +11 min

Brown | Afp | Getty ImagesIf you feel like record-level extreme weather events are happening with alarming frequency, you're not alone. Global warming is making extreme weather events more severe, scientists said. But what is clear is that climate change makes it more likely that an extreme weather event will happen. "Higher temperatures from climate change are indisputable, and with each degree increase we're multiplying our changes of getting an extreme heat wave. Decreasing the greenhouse gas emissions released into the atmosphere by burning fossil fuels will help moderate the extreme weather trends.

Persons: Rai Rogers, Frederic J, Brown, Michael Mann, Brandon Bell, Phil Scott, Paul Ullrich, Mann, Ullrich, Justin Trudeau, El Niño, Timothy Canty, Canty, they're Organizations: Afp, Getty, University of Pennsylvania, CNBC, National Oceanic, Atmospheric Administration, NOAA, National Weather Service, Prediction, EMT, Emergency, Washington Post, The Washington Post, Anadolu Agency, University of California, Global, Wildfire, Bloomberg, University of Maryland, Government, Montreal Locations: Las Vegas , Nevada, California, Texas, Florida, United States, Northern, West Coast, Phoenix , Arizona, Nevada, Arizona, Montpelier , Vermont, Vermont, Canada, New York City, Anadolu, Davis, Lytton , British Columbia, El, Americas, Gulf, Pacific Northwest, Ohio, Northeastern, Ankara, Turkiye, Montreal

☆ The cult of Emily Oster
▼ + stars: | 2023-06-22 | by ( Sarah Todd | ) www.businessinsider.com time to read: +30 min

Emily Oster is sitting in the back of a car, checking her Garmin watch as we lurch through rush-hour traffic toward the Holland Tunnel. A self-described expert in data, Oster uses her economics training to dig into studies on things like circumcision and screen time and translate them for popular consumption. There doesn't seem to be much of a gap between the way Oster presents herself in her books and newsletters and the way she conducts her life. Unsurprisingly, economics informs every aspect of the way Oster sees the world. When Oster was a toddler, her mother told a Yale colleague that Oster often talked to herself before falling asleep.

Persons: Emily Oster, doesn't, Oster, Taylor Swift, Spock, —, Mandy Moore, Emily DiDonato, Amy Schumer, " Oster, Emily, Aisha McAdams, Claudia Goldin, who's, Lori Feldman, " Feldman, Winter, It's, reopenings, Timothy Caulfield, Oster's Brown, OSTER, She's, Sheryl Sandberg's, Brown, Denis Tangney Jr, graham, Eminem, Sharon Oster, Ray Fair, Jesse Shapiro, Katherine Nelson, Carl, Choate Rosemary Hall, John F, Kennedy, Glenn Close, Ivanka Trump, Goldin, Steven Levitt —, Oster —, Paul Farmer, Steven Levitt, Oster's, Levitt, Robert Barro, demographer Monica Das Gupta, Joseph Delaney, she'd, I've, Matt Notowidigdo, Chicago Booth, hadn't, Udo Salters, Patrick McMullan, Shapiro, Jessica Calarco, Dr, Anthony Fauci, Donald Trump, Calarco, Rochelle Walensky, Delaney, University of Manitoba epidemiologist, Abigail Cartus, Justin Feldman, Delivette Castor, they're, COVID, Castor, Notowidigdo, Carter, you'd, she's, there's Organizations: Garmin, Brown University, New York Times, American Academy of Pediatrics, Yorker, Yale School of Management, Yale, Harvard, Connecticut, Choate, University of Chicago, Forbes, Wall, Publicly, University of Manitoba, Getty, Oster, Centers for Disease Control, Columbia University, Harvard Business School Locations: Holland, Montclair , New Jersey, Montclair, Harvard, Providence , Rhode Island, New Haven , Connecticut, China, Canada, Chicago, Ohio, New Jersey

☆ Why bank stocks are so unstable
▼ + stars: | 2023-05-09 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

New York CNN —The financial sector has been churning in rough water since the shocking collapse of Silicon Valley Bank in March. Bank insiders see this and have been buying up shares of regional lenders, according to a report by Timothy Coffey, an analyst at Janney Montgomery Scott. The Oracle of Omaha said he remains cautious about holding bank stocks and that he has reduced his own exposure to the sector. The S&P 500 financial sector, however, is down more than 12% over the same period. Economists were hoping that this year would bring better news, but instead 2023 brought the collapse of three US regional banks and a subsequent lending squeeze.

☆ This 'dirt cheap' regional bank stock could rebound more than 100%, Janney says
▼ + stars: | 2023-05-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Janney analyst Timothy Coffey said in a note to clients Monday that Western Alliance is now "dirt cheap" and reiterated his buy rating on the stock. "Bank stocks of all stripes have been volatile since Silicon Valley Bank and Signature Bank were closed in mid-March. However, recent volatility in WAL (and, for that matter, PACW, BUY-rated) do not indicate company-specific weakness," the Janney note said. Janney has a fair value estimate of $63 per share for Western Alliance, which is more than 100% above where the stock closed on Friday. The stock was trading above $70 per share in March before Silicon Valley Bank collapsed, triggering the sell-off for regional banks.

☆ Analysts warn regional banks stocks are in a 'negative feedback loop' and detached from fundamentals
▼ + stars: | 2023-05-04 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The latest drop for regional bank shares is causing some Wall Street analysts to back away from their recommendations on the stocks, even if they still believe in the underlying fundamentals for the companies. Other regional banks also sold off, including a 19% drop for Western Alliance. The deposit update was not enough to reassure all Wall Street analysts about the health of regional banks, and there is concern that the drops in the stocks could reignite deposit flight. Meanwhile, RBC Capital Markets' analyst Jon Arfstrom stuck with his outperform rating on PacWest, but said only investors with strong stomachs should stick around. Western Alliance Another bank stock that has taken heavy loses in recent weeks is Western Alliance .

REUTERS/Kevin Lamarque/File PhotoNEW YORK, May 1 (Reuters) - The U.S. government could delay a decision on giving electric vehicle (EV) manufacturers tradable credits under a renewable fuel scheme, due to concern about legal challenges to the plan, two sources familiar with the matter said. Most credits generated under the RFS are for blending liquid fuels such as ethanol made from corn into gasoline. Adding credits for power generated from renewable gas and then used for charging EVs would take the program in a new direction. The EPA initially proposed adding EVs to the program when it outlined the mandates for blending biofuels for 2023-2025. The delay in finalizing the EV credit program may mean more volume is available for other renewable fuel pools under the 2023-2025 mandate, including blending for renewable diesel and sustainable aviation fuel (SAF).

The Environmental Protection Agency (EPA) last year recommended adding EVs to the U.S. Renewable Fuel Standard (RFS), which incentivizes oil refiners to blend biofuels. The EPA under the Biden administration is now testing the legal limits of the liquid fuel program by extending it to EVs. The EPA has proposed granting EV manufacturers tradable credits based on the amount of renewable electricity that makes it on the grid. Renewable gas producers and EV manufacturers like Tesla have been jockeying to gain the most benefits from the new credits. The November proposal foresaw EV manufacturers could generate as many as 600 million credits in 2024 and 1.2 billion of them by 2025.

☆ Bank sector still has small segment with 'real problems,' says Cato Institute's Mark Calabria
▼ + stars: | 2023-05-01 | 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 EmailBank sector still has small segment with 'real problems,' says Cato Institute's Mark CalabriaCato Institute’s Mark Calabria and Janey Montgomery’s Timothy Coffey join 'The Exchange' to discuss the banking crisis and fallout and the outlook for the sector.

☆ Quotes: Fed plans broad revamp of bank oversight in wake of SVB collapse
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +11 min

The assertion in the introduction that the Fed should focus on large bank capital requirements is disconnected from the report's conclusions. AMERICAN BANK ASSOCIATION PRESIDENT AND CEO ROB NICOLS"We take any bank failure seriously, and we will review the findings and proposed policy changes in these reports carefully, including where the conclusions may differ. JONATHAN MONDILLO, HEAD OF NORTH AMERICAN FIXED INCOME AT ABRDN"We're likely to see higher capital requirements. What that means for the overall markets is that the devil is in the details: how stringent those capital requirements will be. A potential First Republic Bank failure could similarly present a risk to the long-term investment strategy of high net-worth individuals."

☆ US Fed plans broad revamp of bank oversight in wake of SVB collapse
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +7 min

Many commentators linked the lessons learned from the earlier crisis to the ongoing concerns about First Republic Bank. INSTITUTE OF INTERNATIONAL BANKERS CEO BETH ZORC"The IIB commends the Federal Reserve's timeliness of producing its report on SVB. "There are similarities between SVB's situation and what is happening with First Republic Bank: both are affected by the rapid movement of very large sums of money." A potential First Republic Bank failure could similarly present a risk to the long-term investment strategy of high net-worth individuals." "It feels isolated, than the rest of the regional bank system, feels like it's in a different place than where FRC is."

☆ Trump Seeks to Have Intelligence Agencies Take Over Documents Inquiry
▼ + stars: | 2023-04-26 | by ( Alan Feuer | Luke Broadwater | ) www.nytimes.com time to read: +1 min

Lawyers for former President Donald J. Trump asked lawmakers on Wednesday to place the intelligence community in charge of assessing Mr. Trump’s handling of the classified documents found in his possession after leaving office, saying Congress should strip the Justice Department of authority to run the investigation. The 10-page letter to members of the House Permanent Select Committee on Intelligence has little chance of leading to enactment of the legislation it seeks given that Democrats are in control of the Senate and the White House. But it seemed to serve a second function as well: It read like a trial brief of arguments that Mr. Trump could raise in his defense should the inquiry into his handling of classified materials being conducted by the special counsel Jack Smith result in criminal charges. from continuing to conduct ham-handed criminal investigations of matters that are inherently not criminal,” said the letter, written by Timothy C. Parlatore, one of Mr. Trump’s lawyers. The letter proposed that the Justice Department “should be ordered to stand down,” allowing the intelligence community to “conduct an appropriate investigation and provide a full report to this committee.”

☆ Liverpool add to Forest's misery, Leicester earn vital win
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +3 min

LIVERPOOL, England, April 22 (Reuters) - Liverpool maintained their slender hopes of a top-four finish in the Premier League with a 3-2 victory over Nottingham Forest whose relegation fears deepened on Saturday. Diogo Jota and Mohamed Salah were on target for Liverpool in a riveting clash at Anfield as Liverpool climbed to seventh. Liverpool sealed the win three minutes after Forest's second when Trent Alexander-Arnold picked out Salah with a low free kick and the Egyptian striker side-footed past Keylor Navas. Forest substitute Brennan Johnson hit the crossbar with a delicate chip as Liverpool clung on to take all three points. Liverpool have 50 points from 31 games, six points behind fourth-placed Newcastle United who face fifth-placed Tottenham Hotspur on Sunday.

☆ Google emails some Canadian employees to tell them they're being laid off as part of its plan to cut 12,000 jobs globally: 'Feels as harsh as being fired'
▼ + stars: | 2023-02-07 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

Some Google employees in Canada found out on Monday they were laid off, per reports. The layoffs in Canada come as part of the 12,000 global job cuts Sundar Pichai recently announced. They couldn't confirm how many Canadian employees were laid off or which departments were impacted the most, per the report. Laid-off employees in the US found out their fate soon after the announcement. "Today I am among the 12K employees impacted by layoffs at Google Canada.

☆ Husband of woman accused of killing three children asks for forgiveness for wife
▼ + stars: | 2023-01-29 | by ( Julianne Mcshane | ) www.nbcnews.com time to read: +5 min

In his statement, Patrick Clancy said the couple's marriage "was wonderful and diametrically grew stronger as her condition rapidly worsened." Plymouth County DA Timothy Cruz had previously said prosecutors would be arraigning Lindsay Clancy on murder charges as soon as they could. In his statement, Patrick Clancy said his children "gave me purpose and I never took it for granted. "I took so much pride in being Lindsay’s husband and a dad to Cora, Dawson, and Callan. Patrick Clancy wrote that he promises to "put all my energy into healing and rediscovering my purpose."

☆ Banks will take a hard look at crypto business, says Blockchain Intelligence Group's Timothy Cradle
▼ + stars: | 2023-01-26 | 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 EmailBanks will take a hard look at crypto business, says Blockchain Intelligence Group's Timothy CradleCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Timothy Cradle of Blockchain Intelligence Group explains why he believes banking in crypto will get more difficult.

☆ Two children dead, infant hospitalized in Massachusetts after mother's suicide attempt
▼ + stars: | 2023-01-25 | by ( Julianne Mcshane | ) www.nbcnews.com time to read: +2 min

Two children are dead and their mother and an infant are hospitalized following the mother's alleged attempted suicide at the family's Massachusetts home, officials said. A five-year-old girl and a three-year-old boy were pronounced dead after being transported to a hospital, according to Cruz. An eight-month-old infant was transported to a Boston hospital by helicopter, and he and the children's mother remain hospitalized, according to Cruz. Two children are dead and their mother and an infant are hospitalized following the mother's attempted suicide at the family's home in Duxbury, Mass., on Tuesday. Two children are dead and their mother and an infant are hospitalized following the mother's attempted suicide at the family's home in Duxbury, Mass., on Tuesday.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEther dips, Luno cuts staff, and BlockFi secret financials show ties to SBF's empire: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Timothy Cradle of Blockchain Intelligence Group explains why he believes banking in crypto will get more difficult.

☆ Chubb: The market ultimately needs to move away from the inflation story
▼ + stars: | 2023-01-19 | 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 EmailChubb: The market ultimately needs to move away from the inflation storyTimothy Chubb, CIO of Girard, says investors don't have to look very far right now to find good opportunities in the fixed-income market.

☆ As crypto hackers and thieves make off with billions, there's another kind of fraud lurking in the industry.
▼ + stars: | 2023-01-17 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

I'm sorry to say when you dig deeper into the practices of opaque crypto exchanges, there's little to restore that faith. Timothy Cradle, director of regulatory affairs at Blockchain Intelligence, told Insider that wash trading is market manipulation. NBER researchers estimated that wash trading comprises nearly half of all transactions on Binance, the world's largest crypto exchange by volume. Similarly, KuCoin, another top-five crypto exchange, was estimated to have 52.9% of its transactions consist of wash trading (which the company denied). Are you surprised that the researchers found wash trading to be so rampant a practice?

☆ China's big consumer market isn't rebounding to pre-pandemic levels just yet
▼ + stars: | 2023-01-09 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

For the past six months, revenue had dropped to 30% of typical levels, Chong said. The travel season for China's big holiday runs this year from around Jan. 7 to Feb. 15. That's twice what it was last year, and 70% of 2019 levels, China's Ministry of Transport said Friday. It noted most of the trips will likely be for visiting family, while just 10% will be for leisure or business travel. By that time, people will have been able to process their passport applications, while the number of international flights may have recovered to 50% or 60% of 2019 levels, Chen said.

☆ Beware these stocks: Analysts see a rough year ahead for these companies
▼ + stars: | 2022-12-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

CNBC Pro looked at stocks that are poised to lose the most in 2023 based on the average analyst price target, according to FactSet. Asset manager Franklin Resources has the most downside next year, set to lose 12%, according to the average analyst price target on FactSet. Also making the list is food giant General Mills , which has nearly 8% downside to the average analyst price target. The stock has nearly 7% downside to the average analyst price target, per FactSet. Lastly, Etsy has nearly 4% downside to the average analyst price target.

Search resuls for: "Timothy C"

25 mentions found