DIRS.INFO The most relevant business & tech news

☆ CNBC Daily Open: State of the economy: Slowing, but strong
▼ + stars: | 2023-04-11 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets in the U.S. reopened Monday but seemed to retain a post-holiday sluggishness as investors digested multiple signs of a slowing — but still strong — economy. Traders will certainly pore through those reports, but they'll also want to see what the U.S. consumer price index and producer price index say about the economy. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ IMF: Banking crisis boosts risks and dims outlook for world economy
▼ + stars: | 2023-04-11 | by ( Julia Horowitz | ) edition.cnn.com time to read: +4 min

“Uncertainty is high, and the balance of risks has shifted firmly to the downside so long as the financial sector remains unsettled,” the organization said in its latest report. Changing forecastsInvestors are looking for additional pockets of vulnerability in the financial sector. The “fog around the world economic outlook has thickened,” it said. Looking ahead to 2028, global growth is estimated at 3%, the lowest medium-term forecast since 1990. The body’s forecast for global growth this year is now closer to that from the World Bank.

☆ Russia's war in Ukraine backfired by uniting NATO, even as cracks emerged over nearly a year of fighting
▼ + stars: | 2023-01-30 | by ( Jake Epstein | John Haltiwanger | ) www.businessinsider.com time to read: +12 min

When Putin invaded Ukraine, he miscalculated the response from Western countries. NATO has been largely united in its response to Russia's war, consistently providing Kyiv with military aid. Russian President Vladimir Putin has effectively succeeded in remaking the Western bloc, Araud said, adding that "the Western alliance is back." After the Soviet Union collapsed, both Finland and Sweden became NATO partner countries but stopped short of pursuing full membership. Even under the intense pressure of war, the alliance is "holding the way that they have in the past," he said.

☆ Here's why investors can expect returns in the S&P 500 this year after 2022's stock market bloodbath.
▼ + stars: | 2023-01-04 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

This time last year, the S&P 500 was coming off its all-time closing high, which had arrived on 2022's first day of trading. It's only happened four times, but when the S&P 500 sees back-to-back losing years, the second is always worse. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 2, 2020. And if you look at Bank of America's Sell Side Indicator, a year in the green for the S&P 500 seems to be in the cards. Morgan Stanley just revamped a nine-stock list that's beaten the S&P 500 by 18% over time.

The 90 kilotonne Hoegh Esperanza, a shipborne regasification terminal, will in future be able to supply enough gas for 50,000 households for a year. Further floating liquid natural gas terminals will follow. Germany hopes to have 30 billion cubic metres of import capacity by the end of next year. Russia's invasion of Ukraine in February left Germany, which for decades prospered from plentiful piped Russian gas, looking for alternative sources of energy once it had decided it did not wish to help finance Moscow's war. "The speed with which we built this should be a model for future infrastructure build-outs," Scholz said.

☆ China's property woes fuel risks to its financial system - Moody's
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Dec 2 (Reuters) - Risks to the stability of China's financial system are rising on continued sluggishness in its property sector and an economic slowdown, making smaller banks more vulnerable, rating agency Moody's said on Friday. China's property sector has slowed sharply this year after Beijing's efforts reined in excessive borrowing by developers. "Risks to the stability of China's financial system are rising amid a contraction in the property sector and the country's economic slowdown." Despite the banking system's overall strength, smaller banks are most vulnerable and much more exposed to risks from the property sector, Moody's said. The property sector risks have weighed on banks' asset quality, with analysts expecting the non-performing ratio for real estate will stay high for lenders in the coming months.

Funds flowing from banks will allow developers to repay offshore loans and dollar bonds, helping to repair global investors' bruised confidence, two of the sources said. Each of the four banks, Bank of China (601988.SS), China Construction Bank (601939.SS), Industrial and Commercial Bank of China (601398.SS) and Agricultural Bank of China (601288.SS), will pick several developers to fund, the three sources said. The third source said that, while the big four banks preferred fresh lending to go to state-backed developers, they would have to include some private firms, which have a greater need for offshore loans. Chinese banks make offshore loans secured against domestic assets to companies that need foreign funds, but regulatory tightening in the last couple of years to rein in debt-fuelled empire-building by corporates hampered that kind of lending. China's central bank will also offer cheap loans to financial firms to buy bonds issued by property developers, separate sources have told Reuters.

☆ How to save your sleep from the holidays
▼ + stars: | 2022-11-23 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +7 min

“You will enjoy the holidays more if you can protect your sleep time — and you may actually get more done if you aren’t tired and inefficient from sleep deprivation, she said. Watch your alcohol intakeWhile many of us believe that alcohol helps us fall asleep, it actually impairs sleep quality, Dasgupta said. “Remember, alcohol can make you fall asleep faster and sleep heavier during the first portion of the night. “Exercising improves sleep by reducing sleep onset, meaning it takes less time to fall asleep and decreases the amount of time you are lying in bed awake during the night,” Dasgupta said. “Studies have shown that exercise enables individuals with insomnia to fall asleep faster, sleep longer, and enjoy better sleep quality,” he said.

☆ Palantir posts slowest revenue growth in two years on sluggish Europe demand
▼ + stars: | 2022-11-07 | by ( Chavi Mehta | ) www.reuters.com time to read: +2 min

Nov 7 (Reuters) - Palantir Technologies Inc (PLTR.N) posted its slowest quarterly growth in revenue since going public in 2020 due to weak demand for its data analytics software in Europe, while a strong dollar weighed on its profit, sending its share down 8.5% on Monday. But in the third quarter, revenue from the segment declined nearly 3% to $204 million from the previous three months, raising doubts among Wall Street analysts about sustained revenue from commercial deals amid rising cost of borrowing. Analysts had expected the Ukraine war to draw in more business to Palantir, but finance chief David Glazer said the timing of new government contracts remained uncertain. Palantir said it expects fourth-quarter revenue to be between $508 million and $510 million, excluding a $5 million forex impact. Analysts on average expect revenue at $502.7 million.

☆ Economies in Asia have the tools to manage economic headwinds, U.S. deputy Treasury secretary says
▼ + stars: | 2022-10-24 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +2 min

Arkhom Termpittayapaisith, Thailand's finance minister, speaks at the meeting of finance ministers of the Asia-Pacific Economic Cooperation in Bangkok on Oct. 20, 2022. Andre Malerba | Bloomberg | Getty ImagesAsian economies are well-equipped to withstand economic headwinds next year, the U.S. Treasury said following the conclusion of the APEC Finance Ministers' Meeting in Thailand last week. During the two-day meeting, finance ministers in Asia-Pacific also pledged not to adjust exchange rates for competitive purposes, recognizing that "excessive volatility or disorderly movements in exchange rates can have adverse implications for economic and financial stability." He added that U.S. legislation such as the CHIPS Act could help the region generate economic activity. "Ultimately I have come away from with a sense that the economies in this region have the tools to manage through the headwinds that they face": Wally Adeyemo Bloomberg | Bloomberg | Getty Images

☆ Here are Tuesday's biggest analyst calls of the day: Tesla, Amazon, Alphabet, Carvana, Target & more
▼ + stars: | 2022-10-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Wedbush downgrades Carvana to neutral from buy Wedbush said in its downgrade of Carvana that it sees severe cash burn and deteriorating market conditions. Jefferies upgrades Target to buy from hold After a change in analyst coverage, Jefferies upgraded the big box retailer and said it sees "margin improvement." Goldman Sachs reiterates Chipotle as buy Goldman said the stock is too compelling to ignore heading into earnings next week. " Deutsche Bank reiterates Microsoft as buy Deutsche Bank said Microsoft is still the "best house on the block" heading into earnings next week. " Barclays reiterates Amazon as overweight Barclays sad investors should buy the stock ahead of earnings later this month.

☆ Gap is laying off 500 corporate employees as challenges mount
▼ + stars: | 2022-09-20 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN Business —Roughly 500 corporate jobs are being eliminated at the Gap, adding to the problems that the beleaguered retailer is currently facing. He added that Old Navy is no longer as strong as it had been in boosting the Gap’s bottom line. “Traditionally, Gap could rely on its Old Navy banner to cover some of the sluggishness in other parts of the business. Gap (GPS) confirmed that it was winding down the partnership in an internal company email that was seen by CNN Business. Shares of the Gap slipped nearly 3% in Tuesday trading, with the stock down 50% for the year.

Search resuls for: "Sluggishness"

12 mentions found