DIRS.INFO The most relevant business & tech news

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto lobbying groups sue SEC over expanded dealer rule: 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, Adam Sullivan, CEO of Core Scientific, discusses the miner's strategy after the fourth Bitcoin halving.

Persons: explainers, Adam Sullivan Organizations: SEC, CNBC Crypto, CNBC, Core

☆ Transportation Sec. Buttigieg on new high-speed rail between Los Angeles and Las Vegas
▼ + stars: | 2024-04-22 | 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 EmailTransportation Sec. Buttigieg on new high-speed rail between Los Angeles and Las VegasPete Buttigieg, U.S. Transportation Secretary, joins 'Money Movers' to discuss why the high-speed rail is a milestone, if there will be more public-private collaborations for high-speed rail projects, and more.

Persons: Las Vegas Pete Buttigieg Organizations: Transportation, Las Vegas Locations: Los Angeles, U.S

☆ How much the typical worker makes at 19 retailers, from Amazon to Walmart
▼ + stars: | 2024-04-22 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Wages for retail workers have been going up in recent years . SEC rules require publicly traded companies to disclose their workers' median annual pay. Here's the median wage for workers at 19 retail companies, from lowest to highest. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Ever since Amazon set its minimum wage at $15 in 2018, more retailers have followed suit by offering starting wages that are more than double the national minimum of $7.25.

Persons: — Organizations: SEC, Service, Walmart, Target, —, Business Locations: Lowe's

☆ New York Stock Exchange mulls 24-hour trading — a move Steve Cohen may welcome
▼ + stars: | 2024-04-22 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

The New York Stock Exchange is considering going 24/7, the FT reported. The exchange polled market participants about the merits of round-the-clock trading, per the outlet. Meanwhile, a Steve Cohen-backed startup is seeking SEC approval for a 24-hour exchange. AdvertisementIn a move that may be appropriate for the city that doesn't sleep, as the song goes, the New York Stock Exchange is mulling whether trading should take place around the clock. The Financial Times reported on Monday that the NYSE's data analytics team had polled market participants about the merits of being open 24 hours a day.

Persons: Steve Cohen, — Organizations: New York Stock Exchange, SEC, Service, Financial Times, Treasury, Business

☆ Truth Social: Donald Trump is on the verge of another $1 billion windfall
▼ + stars: | 2024-04-22 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

As long as Trump Media & Technology Group’s share price doesn’t spectacularly implode before Tuesday’s closing bell, Trump is on track to receive another 36 million shares as the owner of Truth Social. Even though Trump Media is losing money and Truth Social is very tiny, those new shares Trump is in line to receive would be valued at about $1.3 billion at current prices. Of course, Trump Media’s share price is subject to extreme volatility, meaning the value of this stake can swing wildly. ‘Grossly overvalued’Even though Trump Media’s share price has retreated since spiking to $66 last month, experts warn it remains overvalued based on fundamental metrics. Ritter, who has been studying IPOs for four decades, expects Trump Media’s share price to eventually plunge to just $1 or $2 per share.

Persons: Donald Trump, Trump, ”, Michael Ohlrogge, ‘, Matthew Kennedy, Kennedy, Jay Ritter, University of Florida . Ritter, Peter Byrne, Cooley Organizations: New, New York CNN, Trump Media & Technology, Truth, Trump Media, Trump, SEC, NYU School of Law, Renaissance, Facebook, Meta, University of Florida, NYU Locations: New York

☆ Trump Media CEO says he’ll do ‘whatever it takes’ to defend DJT investors from short sellers
▼ + stars: | 2024-04-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Trump Media CEO Devin Nunes on Friday said he would "do whatever it takes" to defend the company's retail investors from possible illegal short selling of its shares. Delivering remarks in Scranton, Pennsylvania, on Tuesday, Biden took a dig at Donald Trump, his November Republican election opponent, as shares of Trump Media tanked from its more than $70 debut price. Trump Media's stock, trading under the ticker DJT , rallied toward the end of this week, but has plummeted starkly from its peak. It involves a trader selling shares that have not been borrowed or arranged to be borrowed. Nunes said that Trump Media has appeared on the Nasdaq's "Reg SHO threshold list," which could indicate illegal trading behavior.

Persons: Devin Nunes, Nunes, Joe Biden, Biden, Donald Trump, Trump, DJT, SHO, Ken Griffin Organizations: Truth, Conservative Political, Trump Media, Trump, Republican, Trump Media tanked, Nasdaq, Securities and Exchange, CNBC, SEC, Citadel Securities, GOP Locations: National Harbor , Maryland, Scranton , Pennsylvania, California

☆ 23andMe's business is basically worthless. Its CEO now wants to buy it.
▼ + stars: | 2024-04-18 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

23andMe cofounder and CEO Anne Wojcicki wants to take the once-hot DNA company private. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Advertisement23andMe — the struggling DNA company once valued in the billions — was essentially worthless as of Wednesday. But in a filing late Wednesday, Anne Wojcicki revealed she wants to buy back the company she cofounded in 2006 and take it private. This story is available exclusively to Business Insider subscribers.

Persons: Anne Wojcicki, 23andMe, —, Wojcicki Organizations: Service, SEC, Business

☆ Here's what to know about adding foreign bond exposure to your portfolio
▼ + stars: | 2024-04-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Investors have been raking in income thanks to attractive yields in the U.S. bond market. Investing in global bond funds Individual investors can add exposure to foreign bonds through global bond funds. There are hedged funds, which hedge foreign currency exposure back to the U.S. dollar and therefore reduce currency risk. "It's good to be diversified because foreign bond exposure is a massive part of the global bond markets," Mulach said. Here are Morningstar's top picks for global bond exposure: The Pimco strategies keep the bulk of their non-U.S. currency exposure hedged back to the U.S. dollar.

Persons: Rick Rieder, Rieder, Collin Martin, Martin, It's, Mike Mulach, Mulach, Rick Rieder's, Darla Mercado Organizations: BlackRock, SEC, Investment, U.S ., European, European Central Bank, Federal, Schwab Center, Financial Research, Morningstar, U.S, Strategic Global Bond Fund, Investor, Morningstar . Dodge, Cox's Global Bond Fund Locations: U.S, Europe, BlackRock, Mexico, Brazil

☆ Tesla discloses it spent $200,000 advertising on X
▼ + stars: | 2024-04-18 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

The car company that famously shuns spending money on advertising spent $200,000 advertising on X through February of this year, it disclosed in an SEC filing this week. So it’s possible that all $200,000 was spent in just the first two months of this year. Tesla reluctant to advertiseTesla has become a major automaker without spending any money on advertising in the past. In addition the filing said that Musk also owns a security company, unnamed, that provides security services for him. And Tesla spent $2.4 million for such security services in 2023 and about $500,000 more so far this year.

Persons: New York CNN —, it’s, Elon Musk’s, It’s, Tesla, Musk, dumbest, “ Tesla, ” Organizations: New, New York CNN, SEC, Whites, Twitter, SpaceX, The Boring Company Locations: New York

☆ Bitcoin halving is likely this week — here's what you need to know
▼ + stars: | 2024-04-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +27 min

And that's, that's the whole idea of it. Tom ChittySo if I go and buy bitcoin, the bitcoin I buy is fresh bitcoin that's been mined, not someone who's selling bitcoin is that right? Arjun KharpalThe likelihood is if you buy bitcoin, if we go on an exchange and buy bitcoin, we're selling bitcoin that's in existence already. And so what they say is, well, with the halving, you know, bitcoin will not be devalued. That's that's really what so many of the enthusiasts and proponents love about it.

Persons: Bitcoin, Tom Chitty, Arjun, we'll, Ethereum, Arjun Kharpal Paris, Kharpal, we've, Arjun Kharpal, Tom Chitty 13,777B, that's, what's, they're, bitcoin, there's, That's, It's, you've, Richard Tang, Richard Teng, I'm, he's, Arjun Kharpal That's, Tom, it's, Tom Chitty That's, I've, Arjun Kharpal It's, they've, Binance, Arjun Kharpal Binance, Changpeng Zhao, cryptocurrency, Jan van Eck, Jean, Marie Mognetti, van Eck, Jan Van Eck, Cathy, Gary Gensler, let's, Tom Chitty Let's, Tom Chitty Oh, There's, Tom Chitty Memecoins, Arjun Kharpal They're, we'd, David Hunt, David, Tom Chitty Poor David, Paris, Tom Chitty We'll Organizations: CNBC, Eurostar, U.S ., Paris, Department of Justice, U.S, CZ, DOJ, SEC, Mr, Gamestop Locations: beyondthevalley@cnbc.com, Paris, CNBC.com, bitcoin, U.S, Abu Dhabi, Binance, Chicago, Pennsylvania, Elmira , New York, NYC , New York City, Syracuse, Elmira, it's

☆ Tesla will ask shareholders to vote again on Elon Musk's mammoth $47 billion pay package months after it was voided in court
▼ + stars: | 2024-04-17 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Elon Musk's mega pay packet will be taken back to Tesla shareholders for another vote. The $47 billion package, first approved in 2018, was voided by a Delaware court in January. A statement filed with the SEC Wednesday says Musk hasn't been paid for his work at Tesla in six years. AdvertisementTesla will ask shareholders to vote again on Elon Musk's enormous pay package, which was previously overturned by a court. The carmaker announced its plans for another vote in a proxy statement filed with the Securities and Exchange Commission on Wednesday.

Persons: Elon, hasn't, —, Tesla Organizations: SEC Wednesday, Service, Elon, carmaker, Securities and Exchange Commission, Delaware Court, Business Locations: Delaware

☆ Tesla gives Delaware the cold shoulder and pitches a move to Texas
▼ + stars: | 2024-04-17 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Elon Musk has disapproved of Delaware ever since a judge there ruled against his massive pay package. 2024 is the year that Tesla should move home to Texas," the proxy statement reads. "We have received letters from thousands of Tesla stockholders — large and small — supporting a move home to Texas. The proxy statement also asks shareholders to re-approve Musk's pay package, which is now valued at $47 billion. Shareholders are scheduled to vote on both proposals — the move and the pay package — in June.

Persons: Tesla, Elon Musk, —, Musk Organizations: Elon, Service, SEC Locations: Delaware, Texas

☆ This fixed income play touts yields upward of 6% — and the risk is relatively low, Bank of America says
▼ + stars: | 2024-04-17 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

The firm began coverage of this corner of the ETF space on Monday. An ETF play Woodard's team began coverage of one CLO fund: the Janus Henderson AAA CLO ETF (JAAA) . "Among covered ETFs with higher credit quality, it has the highest yield," Woodard said. There is also BlackRock's AAA CLO ETF (CLOA) , an actively managed offering with an expense ratio of 0.20% and a 30-day SEC yield of 6.59%. Investors digging into the CLO ETF space shouldn't just focus on yield, of course.

Persons: Jared Woodard, Woodard, Jerome Powell, CLOs, Janus Henderson, JAAA Organizations: Federal Reserve, Bank of America, AAA, Janus Henderson AAA CLO, SEC, AA, AAA CLO, CLOs, BBB

☆ Boeing's fleet of 8 corporate jets spent some 4,500 hours in the sky flying company executives last year, data shows
▼ + stars: | 2024-04-17 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Boeing's corporate planes collectively flew about 4,500 hours across some 1,800 flights last year, according to data from the aviation-tracking website JetSpy. Jet Edge InternationalThe fleet's top airports include Chicago International Airport, Washington Dulles International Airport, and Boeing Field King County International Airport — all located near Boeing's corporate offices and factories. AdvertisementThe locations of Boeing's corporate fleet on April 12, according to JetSpy data. For instance, JetSpy data shows aerospace company Lockheed Martin collectively flew its five private jets for about 2,700 hours in 2023. AdvertisementBoeing wrote in the filing that its CEO "is required to use company aircraft for all business and personal travel for security reasons."

Persons: —, Dave Calhoun, Calhoun, Brian West, Lockheed Martin, Taylor Swift, Elon Musk, Max, messier Organizations: Service, Business, Boeing Business Jets, Canadian, Bombardier, Challenger, Jet Edge, Chicago International Airport, Washington, International Airport, Boeing Field King County International, Airport, Lebanon Municipal Airport, Wall Street Journal, Boeing, Lockheed, PepsiCo, Costco, Alaska Airlines, Calhoun . Locations: Westchester, New York, Lebanon, New Hampshire, South Carolina, New Canaan , Connecticut, American

☆ Jay Clayton: Tesla's Musk pay package vote is also about the retention of Elon Musk going forward
▼ + stars: | 2024-04-17 | 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 EmailJay Clayton: Tesla's Musk pay package vote is also about the retention of Elon Musk going forwardFormer SEC Chairman Jay Clayton joins 'Squawk Box' to discuss news of Tesla asking shareholders to vote again on Elon Musk's $56 billion pay package, what's at stake in the vote, and more.

Persons: Jay Clayton, Tesla's, Elon Musk Organizations: SEC, Elon Musk's

Berkowitz, 43, is the CEO and co-founder of Insomnia Cookies, a chain of late-night bakeries he started in 2002 as a college side hustle while attending the University of Pennsylvania. "2009 and 2010 [were] some of the hardest years ever at Insomnia Cookies," says Berkowitz. His wife Rebecca — who's also responsible for the name "Insomnia Cookies," Berkowitz says — responded with some perspective and optimism. "When I talk about the brand and our journey, [I often say] that Insomnia Cookies is a perseverance story," says Berkowitz. Sign up for CNBC's new online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories.

Persons: Seth Berkowitz, Berkowitz, Krispy Kreme, DON'T, Rebecca — who's, —, You've, he'd Organizations: University of Pennsylvania, CNBC, SEC Locations: —, Syracuse , New York, Champaign , Illinois

☆ This top investor delivers outperformance with her five-star Morningstar rated bond funds. Here’s how
▼ + stars: | 2024-04-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

That success can be seen in funds like the Morningstar five-star, gold-rated Baird Aggregate Bond Fund . BAGSX 1Y mountain Baird Aggregate Bond Fund, investor shares Since BAGIX's inception in 2000, it has seen a 4.74% annualized gain through March 31, 2024, according to Baird. The team runs a number of fixed income funds in addition to the Baird Aggregate Bond Fund, including the Morningstar five-star rated Baird Intermediate Bond Fund. The product was one of the top performing actively managed bond funds in 2023, according to Morningstar. With the yield curve still inverted, short-term term Treasury bills are yielding over 5%.

Persons: Baird, Mary Ellen Stanek, Stanek, hasn't, Morningstar, we've Organizations: Baird Advisors, CNBC, Bond Fund, Institutional, SEC, Investor, Bloomberg U.S, First Wisconsin Trust, Treasury, Bond, Morningstar, Pensions, Investments, AAA, MBS

☆ Commerce Sec. Raimondo on Samsung award: Goal is to make 20% of the world's semiconductors
▼ + stars: | 2024-04-15 | 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 EmailCommerce Sec. Raimondo on Samsung award: Goal is to make 20% of the world's semiconductorsU.S. Commerce Secretary Gina Raimondo joins 'Power Lunch' to discuss Samsung's award of $6.4 billion to boost semiconductor output at its facility in Texas.

Persons: Raimondo, Gina Raimondo Organizations: Commerce, Samsung Locations: Texas

☆ Former SEC Chairman Jay Clayton on the U.S.-China trade retaliation
▼ + stars: | 2024-04-15 | 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 EmailFormer SEC Chairman Jay Clayton on the U.S.-China trade retaliationFormer SEC Chai Jay Clayton joins ‘Squawk Box’ to discuss the U.S.-China trade retaliation, the lessons learned from the pandemic, and more.

Persons: Jay Clayton, SEC Chai Jay Clayton Organizations: SEC, ., U.S . Locations: China, U.S

☆ Boeing execs were using the company's private jets for personal trips more than we thought
▼ + stars: | 2024-04-12 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Boeing execs used an additional $545,520 for personal travel expenses in 2021 and 2022. The Wall Street Journal first reported Boeing had improperly classified personal trips on private jets as business travel. AdvertisementBoeing's execs have been using the company's private jets for personal travel — and it's more than we thought. The Wall Street Journal reports Boeing made the revisions after an investigation last year into the use of private jets by its top executives. The revised stats for Boeing's outgoing CEO, Dave Calhoun, amounted to an additional $142,315 in personal travel in 2021 and 2022.

Persons: Boeing execs, —, Dave Calhoun, Brian West, Theodore Colbert, Calhoun Organizations: Boeing, Street Journal, IRS, Service, Top Boeing, Company, SEC, Stanley, Business, Alaska Airlines Locations: Calhoun's, New Hampshire, South Carolina, Chicago, Arlington , VA

☆ Regulators want to know more about how Morgan Stanley vets wealthy clients, like a sanctioned billionaire: WSJ
▼ + stars: | 2024-04-12 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

More federal regulators are probing Morgan Stanley to find out how it vets wealthy clients, per The Wall Street Journal. One client includes a Russian-linked billionaire who was sanctioned by the UK, the Journal reported. AdvertisementMore federal regulators, including the Securities and Exchange Commission, are looking into how Morgan Stanley vets its wealthy clients and their sources of money, The Wall Street Journal reported on Thursday. One such client includes a Russian-linked billionaire who has been sanctioned by the UK, the Journal reported. A spokesperson for Morgan Stanley did not immediately respond to a request for comment.

Persons: Morgan Stanley, —, James Gorman, Morgan, Morgan Stanley's Organizations: Street, SEC, Service, Securities and Exchange Commission, Caribbean ., Treasury Department, Federal Reserve, Bloomberg, Regulators, Foreign, Journal, Deutsche Bank, Reuters Locations: Caribbean

"I'm on a mountain bike ride right here in Boulder, [Colorado], and I'm eating an energy gel [packet]," Gold told CNBC in a recent interview. "And I was curious why you couldn't put peanut butter or almond butter in that same type of squeeze pack and have an on-the-go, plant-based protein experience like an energy bar." Gold had been selling nut butters at a popular farmer's market in Boulder for two years by that point. But at the time, consumers still gravitated toward a handful of traditional peanut butter brands. Almond butter wasn't particularly popular yet, much less the flavor combinations Justin's was selling, like maple almond or chocolate hazelnut.

Persons: Justin Gold, Gold, He'd, Almond, Justin's Organizations: CNBC, Foods, Hormel Foods, SEC Locations: Boulder, Colorado

☆ Income investing opportunities emerge as the outlook for rate cuts moves to September
▼ + stars: | 2024-04-11 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

IEI has a 30-day SEC yield of 4.26% and carries an expense ratio of 0.15%. BINC, which is actively managed, has a 30-day SEC yield of 5.6% and a net expense ratio of 0.4%. Investors can use ETFs to tackle that space: Vanguard's Intermediate-Term Corporate Bond ETF (VCIT) has a 30-day SEC yield of 5.33%. There's also the iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) , offering a 30-day SEC yield of 5.4%. Hunting dividend payers Higher rates have overshadowed opportunities among dividend-paying stocks, which look less attractive to income investors who can find risk-free yields easily.

Persons: it's, Michael Carbone, Carbone, Gargi Chaudhuri, Collin Martin, There's, Michael Clarfeld Organizations: Dow Jones, Traders, Federal, Treasury Bond ETF, SEC, Schwab Center, Financial Research, Corporate Locations: Chelmsford , Massachusetts, BlackRock, ClearBridge

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin rebounds above $70,000, and Uniswap says SEC warned of potential lawsuit: 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, Steven Lubka, managing director of Swan Private Client Services, discusses spot bitcoin ETF adoption as well as how inflation and interest rate expectations are impacting crypto markets.

Persons: Uniswap, explainers, Steven Lubka Organizations: SEC, CNBC Crypto, CNBC, Swan, Client Services

☆ Here are Wednesday's biggest analyst calls: Nvidia, Tesla, Exxon, Coinbase, Cava, Alphabet, Amazon, Block & more
▼ + stars: | 2024-04-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Bank of America reiterates Nvidia as buy Bank of America said it's sticking with the stock as a top pick. Mizuho reiterates Block as buy Mizuho raised its price target on the payment company to $106 per share from $99. Bank of America reiterates Coinbase as underperform. Bank of America reiterates Alphabet as buy Bank of America said "AI innovation [was] on display" at the company's Google Cloud Next event. " Deutsche Bank reiterates Amazon as buy Deutsche said the company is a top pick heading into earnings. "

Persons: Morgan Stanley, Piper Sandler, Tesla, Piper, Zillow, Jefferies, Mizuho, Goldman Sachs, Goldman, TD Cowen, Cowen, William Blair, Vital, Canaccord, Truist Organizations: NVIDIA, " Bank of America, Nvidia, Bank of America, Jefferies, Mizuho, SEC, Barclays, Google, Citi, Pharma, Chevron, Exxon, Vital, Argus, Motors, of America, Deutsche Bank, Amazon, Deutsche, E Corp, National, CN Locations: FCFS, Cava, CAVA, Albemarle, 1Q24, OW

Search resuls for: "SEC"

25 mentions found