DIRS.INFO The most relevant business & tech news

☆ Morning Bid: RIP YCC?
▼ + stars: | 2023-01-12 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

SYDNEY, Jan 12 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. This, presumably, refers to the fact that 10-year yields have been stuck at the new YCC ceiling of 0.5% for four sessions, even while the BOJ has been busy buying bonds in bulk to get them down. Then again, the market had thought the same last month when the central bank wrongfooted everyone by widening its YCC band. Whatever the decision, time is ticking for YCC and maybe even negative rates in Japan. As for U.S. CPI, the market is clearly priced for a dovish outcome, so there's some risk of disappointment.

☆ Venture capitalists’ pain could be humanity’s gain
▼ + stars: | 2022-12-22 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +3 min

A record $630 billion poured into venture capital investments that year. Now, as interest rate hikes tear into alternative assets, money going into innovation is being reallocated. Global VC funding fell to $329 billion in the nine months to September 2022, per a report from CBInsights, down 27% year-on-year. The liquidity crunch exposed governance flaws, dumb ideas and solutions looking for problems: metaverses, non-fungible images of bored apes, flying cars. Designing microscopic robots to fight disease and biochemical computers to outperform silicon chips entails higher upfront costs and longer commercialisation cycles than the consumer app plays many Silicon Valley backers are accustomed to.

☆ Nonstop partying, lavish spending, and sexual-harassment accusations: Inside the self-destruction of Pollen, the music startup once worth $800 million
▼ + stars: | 2022-12-20 | by ( Melkorka Licea | ) www.businessinsider.com time to read: +41 min

About 400 Pollen employees were camped out in Mendocino County, California, for five straight days of partying. Two former Pollen employees told Insider that they recalled the assistant telling them about Callum's inappropriate comments at the time. (The Pollen representative said Callum and Bedi didn't date at Pollen or at any other company connected to Pollen. Out of 360 events Pollen announced over the past 12 months, 39 were canceled, the Pollen representative said. (The Pollen representative said that "out of hundreds of thousands of customers, fewer than 100 people were moderated" online.)

☆ Edgy Campaigns Are Out, TikTok Won’t Stop and Other 2023 Predictions for Marketers
▼ + stars: | 2022-12-19 | by ( Patrick Coffee | ) www.wsj.com time to read: +11 min

Newsletter Sign-up WSJ | CMO Today CMO Today delivers the most important news of the day for media and marketing professionals. Most campaigns will focus on discounts to customers or showcase the usefulness of a company’s products, he said. Under this form of marketing, ad firms generally get paid upon completion of a desired end, such as a sale or download. In short, consumers should expect less “vacuous virtue-signaling” from marketers in the coming months, according to Mr. Proulx. But these platforms’ very struggles could result in ad bargains for marketers, said Mr. Solomon of Therabody.

☆ Meta's stock, down 64% this year, could be set for a rebound in 2023
▼ + stars: | 2022-12-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

JPMorgan Friday upgraded Club holding Meta Platforms (META) on the back of increased cost discipline and receding headwinds in 2023. And we agree that Meta's stock, one of the worst performers in the S & P 500 this year, could be poised to make a comeback — but only if management takes greater steps to rein in spending. Analysts at JPMorgan lifted the bank's designation on Meta's stock to overweight, or buy, from neutral, while raising their price target to $150 a share from $115. The revisions come with Meta's stock down more than 64% year-to-date. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Changes continued Monday as authorities announced a deactivation of the “mobile itinerary card” health tracking function planned for the following day. But as the scrapping of parts of the zero-Covid infrastructure come apace, there are questions about how the country’s health system will handle a mass outbreak. Throughout the weekend, some businesses were closed in Beijing, and city streets were largely deserted, as residents either fell ill or feared catching the virus. Covid was “spreading rapidly” driven by highly transmissible Omicron variants in China, a top Covid-19 expert, Zhong Nanshan, said in an interview published by state media Saturday. Authorities recorded 8,626 Covid-19 cases across China on Sunday, down from the previous day’s count of 10,597 and from the high of more than 40,000 daily cases late last month.

☆ Factbox: The newest fronts in climate-change-related legal battles
▼ + stars: | 2022-11-18 | by ( Clark Mindock | ) www.reuters.com time to read: +6 min

At the COP27 climate talks in Egypt, U.N. experts last week warned that many corporate environmental claims amounted to “empty slogans and hype.” This could embolden campaigners to launch more legal cases against climate-action laggards. The companies have denied the allegations in the lawsuits but have made public promises to work to avoid plastic pollution. The group claims the fossil fuel investments violate the French duty of vigilance law requiring corporations to identify and reduce environmental harms. The group, led by Oxfam France and Friends of the Earth France, called the move an "unprecedented legal action." The lawsuit claims DWS told investors that it invests 0% in controversial sectors such as coal, but elsewhere indicated revenue from the coal industry accounts for as much as 15% of the fund's revenue.

☆ Wall Street is completely delusional about the pain that's about to hit the stock market
▼ + stars: | 2022-09-25 | by ( Linette Lopez | ) www.businessinsider.com time to read: +6 min

Despite this clear warning, Wall Street is still delusionally optimistic about how the stock market will perform in 2023. According to Bloomberg, Wall Street analysts expect S&P 500 companies' earnings per share to hit $229 in 2023 — a steady increase from their initial 2023 estimate of $211 at the start of this year. Pretend it's the end of 2019 — not a terrible time for the stock market and the US economy. Even if corporate profits sink back down to that healthy level, it's still a long way down from where the stock market sits right now. All the visuals you've seen of a screaming-red stock market and sweaty traders doing the sign of the cross — those are just the beginning.

Organizations: & ' $ $

Search resuls for: "apace"

8 mentions found