DIRS.INFO The most relevant business & tech news

☆ Regulators could argue LIV-PGA partnership is bad for competition, says Attorney Gerald Maatman
▼ + stars: | 2023-06-07 | 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 EmailRegulators could argue LIV-PGA partnership is bad for competition, says Attorney Gerald MaatmanGerald Maatman, Duane Morris partner and antitrust attorney, joins 'Last Call' to discuss lawmaker's backlash to the LIV-PGA partnership and the possibility of the partnership getting shut down by federal regulators.

Persons: LIV, Gerald Maatman Gerald Maatman, Duane Morris

☆ North American lobster industry confronts 'ropeless' traps after whale entanglements
▼ + stars: | 2023-06-07 | by ( Lauren Owens Lambert | ) www.reuters.com time to read: +7 min

That is a large number, given there are fewer than 350 North Atlantic Right Whales remaining, including just 70 breeding females, say regulators, researchers and conservationists. North Atlantic Right Whales who live off the eastern North American coast stretching from Florida to the Canadian Maritimes provinces are now on the verge of extinction. Traditional lobster fishing uses traps that sink to the ocean floor and are connected by a rope to a buoy floating at the surface. Ropeless gear, by contrast, only deploys a rope and buoy to the surface when its owner activates a release trigger by remote control. When the 2,100 square-kilometer zones are shut, only harvesters with ropeless gear are allowed to fish there, Gilchrist said.

Persons: Matt Weber, lobsterman, Lauren Owens Lambert, ”, Charles Mayo, Rob Morris, “ We’re, Edgetech, lobsterman Kyle Murdock, Weber, Brett Gilchrist, Gilchrist, “, Michael Moore, Lawrence, Richard Valdmanis, Deepa Babington Organizations: REUTERS, Seafood Watch, Atlantic, U.S ., Atlantic Right Whales, National Oceanographic, Atmospheric Administration, Whales, Canadian, Center for Coastal Studies, NOAA, Canada’s Fisheries, Reuters, Fisheries, Oceans, Oceanographic, Thomson Locations: Monhegan, Maine, U.S, MONHEGAN, Monterey, U.S . East Coast, North Carolina, Florida, Cape Cod , Massachusetts, ” Washington, Ottawa, England, Massachusetts, Canada’s Gulf, St, Lawrence, Fundy, Oceans Canada, Gulf

In its 13 charges, the SEC alleged that Binance and Zhao used Merit Peak and Sigma Chain, another trading firm controlled by Zhao, to commingle corporate funds with client assets and use the monies "as they please." This put customers' assets at risk while Binance sought to "maximize" its profits, the SEC wrote in its civil complaint on Monday. "All user assets on Binance and Binance affiliate platforms, including Binance.US, are safe and secure," it said in a statement on Monday. The funds received by British Virgin Islands-based Merit Peak between 2019 and 2021 flowed from Key Vision Development Ltd, also controlled by Zhao, the SEC filing on Tuesday showed. Reuters reported last month that Key Vision and Merit Peak, along with Binance's Cayman Islands holding company, formed the core of the global crypto exchange's financial network.

Persons: Changpeng Zhao, Binance, Zhao, Guangying Chen, Chen, Tom Wilson, Jane Merriman Organizations: U.S . Securities, Exchange Commission, SEC, Sigma, British, Vision Development, Key Vision, U.S, Reuters, Vision, Binance's, Sigma Chain's, BAM, Thomson Locations: Seychelles, British Virgin Islands, Islands, Binance, United States, U.S, Singapore

The exchange offers spot and derivatives trading and a host of services from non-fungible tokens (NFTs) to crypto loans and asset management. FINANCESBinance's global trading platform, Binance.com, is by far the world's biggest cryptocurrency exchange. Last year it processed crypto trades worth about $65 billion a day, Binance said, dominating the crypto trading landscape with more than half of the market, CryptoCompare data shows. Binance last year extended its reach beyond the crypto sector in 2022, investing $500 million in Tesla boss Elon Musk's takeover of Twitter. A top Binance executive told the Wall Street Journal in February that the company expected to pay penalties to resolve U.S. investigations.

Persons: Changpeng Zhao, Binance, Zhao, Yi He, Yi, Noah Perlman, Morgan Stanley, Richard Teng, Teng, Elon Musk's, Cristiano Ronaldo, Tom Wilson, Hannah Lang, Marguerita Choy, Nick Zieminski Organizations: U.S . Securities, Exchange Commission, SEC, U.S . Commodity Futures Trading Commission, Binance, Reuters, Twitter, Lazio, Argentina national, of Nations, U.S, Justice, Wall Street, Thomson Locations: WASHINGTON, U.S, Shanghai, Tokyo, Malta, Cayman Islands, Canadian, China, United States, Italian, London, Washington

Mobile ordering and delivery have boosted Starbucks' bottom line and have become an incremental and growing part of the business. Starbucks would not share specifics on the size of its delivery business but has previously said the segment has seen a 20% year-over-year growth. CloudKitchens, which rents small, private kitchen bays that share a reception, offers one solution to delivery growth. Starbucks plans to open the San Francisco ghost kitchen on August 22 and operate it from 7am to 6pm, per a March filing with the city. The ghost kitchen will not sell alcohol.

Persons: Uber, —, Travis Kalanick, Laxman Narasimhan, Travis Kalanick Steve Jennings, CloudKitchens, Pat Grismer, Brady Brewer, Gloria Dawson, Darius Rafieyan, Meghan Morris Organizations: Starbucks, Service, CloudKitchens, Mobile, Buffalo Wild Wings, Getty, TechCrunch, Food Locations: Francisco, San Francisco, China, New York

LONDON/SINGAPORE, June 6 (Reuters) - Investors have pulled around $790 million from the crypto exchange Binance and its U.S. affiliate in the last 24 hours, data firm Nansen said on Tuesday, a day after a top U.S. regulator sued both exchanges. Binance saw net outflows of $778.6 million of crypto tokens on the ethereum blockchain, with its U.S. affiliate, Binance.US, registering net outflows of $13 million, Nansen tweeted. The U.S. Securities and Exchange Commission on Monday sued Binance, its CEO Changpeng Zhao and the operator of Binance.US over what it called a "web of deception" to evade U.S. laws. The world's biggest cryptocurrency was last at $25,723, flat on the day but pinned near a more than two-month low. The SEC complaint is the latest in a series of legal headaches for Binance.

Persons: Nansen, Binance, Changpeng Zhao, Tony Sycamore, Binance's BNB cryptocurrency, Zhao, Tom Wilson, Rae Wee, Ankur Banerjee, Kevin Buckland, Sonali Paul, Tom Hogue, Louise Heavens Organizations: LONDON, U.S, Binance.US, U.S . Securities, Exchange Commission, Monday, SEC, Reuters, IG Markets, U.S . Commodity Futures Trading Commission, Thomson Locations: SINGAPORE, U.S, London, Singapore, Tokyo

Online consumers alleged "social casino" games developed by the defendants "constitute unlawful gambling under Washington's gambling laws." International Game Technology, based in the U.K., and DoubleDown have denied any liability. Tens of thousands of class members "purchased and lost chips" by wagering at DoubleDown Casino, the plaintiffs' lawyers alleged. Logan said in the latest settlement "many class members stand to receive, individually, hundreds of thousands of dollars." The plaintiffs' lawyers had said they would seek no more than 30% for fees.

Persons: Robert Lasnik, DoubleDown, Lasnik, Todd Logan, Logan, Benson, Jay Edelson, Rafey Balabanian, Cecily Jordan, Tousley Brain Stephens, Jaime Drozd Allen, Davis Wright Tremaine, Lauren Case, Duane Morris, Adam Pankratz, Nash, Smoak, Mike Scarcella, Leigh Jones Organizations: DoubleDown Interactive, Game Technology, District, International Game Technology, U.S, Circuit, Appeals, DoubleDown, Western District of Washington, Technology, Stewart, Thomson Locations: U.S, Washington, Seattle, Edelson, Chicago, Western District

☆ What It Was Like to Work Closely With Elizabeth Holmes at Theranos
▼ + stars: | 2023-06-02 | by ( Kiera Fields | ) www.businessinsider.com time to read: +9 min

Patrick O'Neill worked closely with the disgraced Theranos CEO Elizabeth Holmes. "Seeing those people be brought to justice is a comfort," he says of Holmes going to jail. I hadn't heard about Theranos before Elizabeth Holmes approached TBWA/Chiat/Day, the ad agency where I was a creative director, in 2012. Working with Holmes closely, I felt like she had to bring herself down to earth to communicate with me. Elizabeth Holmes and the Theranos story are now so well-known that when people ask me what my story is, I have to decide whether I'm going to talk about it.

Persons: Patrick O'Neill, Elizabeth Holmes, Holmes, TBWA, Steve Jobs, I'd, Theranos, Elizabeth, we'd, Apple weren't, We'd, It's, Errol Morris, Martin Schoeller, Elizabeth's, hadn't, I've Organizations: Morning, Starco Brands, Apple, Visa, Olympics, Walgreens, Wall Street, Forbes, Wall Locations: Theranos, Arizona, Silicon

LONDON/TOKYO, June 1 (Reuters) - Global shares rose on Thursday amid receding bets for a U.S. rate hike this month and relief over the passage through the U.S. House of Representatives of a bill to suspend the federal debt ceiling. The Euro STOXX 600 index (.STOXX) rose 0.8% after closing at a two-month low in the previous session. The MSCI world equity index (.MIWD00000PUS), which tracks shares in 47 countries, added 0.2%. Also bolstering the mood were U.S. Federal Reserve officials including governor and vice chair nominee Philip Jefferson pointing to a rate hike "skip" at the Fed's June 13-14 policy meeting. However, shortly after, the Fed's Jefferson said skipping a rate hike in two weeks would provide policymakers time to see more data before making a decision.

Persons: Joe Biden, Ray Attrill, Philip Jefferson, Sandrine Perret, Jefferson, Patrick Harker, It's, it's, Tony Sycamore, Tom Wilson, Kevin Buckland, Simon Cameron, Moore, Lincoln, Emelia Organizations: U.S . House, Republicans, National Australia Bank, Federal, Fed, Philadelphia Fed, IG Markets, Treasury, Thomson Locations: TOKYO, U.S, Unigestion, Asia, London, Tokyo

☆ We're expecting a turnaround on sentiment toward China, strategist says
▼ + stars: | 2023-06-01 | 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 EmailWe're expecting a turnaround on sentiment toward China, strategist saysDaniel Morris, chief market strategist at BNP Paribas, talks about high U.S. inflation, tech valuations and China sentiment on CNBC's "Street Signs."

Persons: Daniel Morris Organizations: BNP Locations: China

☆ The Banking & Payments Show Recap: Apple Pay's Sweet Domination
▼ + stars: | 2023-06-01 | by ( Insider Intelligence | ) www.businessinsider.com time to read: +1 min

Listen to the full Behind The Numbers: The Banking & Payments Show episode here. With Kroger caving to accept Apple Pay, Rob and David discussed Walmart and if/when they will fall. Apart from its history, Walmart has ramped up its own Fintech operations which include neobanking aspirations and Walmart Pay. Want to learn more about the domination of Apple Pay and Gen Z's impact? Listen to the full Behind The Numbers: The Banking & Payments Show episode here.

Persons: Rob Rubin, David Morris, Rob, David, Gen, Apple, Zer's Organizations: Intelligence, Apple, Kroger, Walmart, Google, PayPal, Apple Pay Locations: EU

Guardia Civil/Handout via REUTERSMADRID, June 1 (Reuters) - Spanish police raided three clandestine tobacco factories early this year, seizing nearly 40 million euros ($44 million) worth of tobacco leaf and illicit cigarettes. This operation is one of dozens across the EU that regional policing and anti-fraud agencies say have driven seizures of illicit cigarettes to record levels. It may have been further accelerated by the war in Ukraine, which for years has been a production hub and transit route for illicit tobacco, OLAF added. TOBACCO INVESTIGATORSThe industry has responded by hiring investigators to research illicit operations and share intelligence with European authorities, executives at Japan Tobacco, BAT and Imperial Brands told Reuters. "A good many workers from Ukraine have been found in these illegal factories," Japan Tobacco's Byrne said about counterfeiting operations across the EU.

Persons: who'd, OLAF, Cyrille Olive, Philip Morris, Olive, Europol, Vincent Byrne, Byrne, Japan Tobacco's Winston, Alex McDonald, Ernesto Bianchi, McDonald, Japan Tobacco's Byrne, They're, they're, Richa Naidu, Emma Pinedo, Emilio Parodi, Matt Scuffham Organizations: Guardia Civil, REUTERS, Spanish, EU, BAT, Imperial Brands, Japan Tobacco, Philip Morris International, Reuters, Marlboro, America's Dunhill, Supplies, Investigators, Mobile, Thomson Locations: Seville, Spain, Guardia, REUTERS MADRID, Alfaro, Europe, Ukraine, British American, France, Netherlands, Portugal, Slovenia, Denmark, Czech Republic, Ireland, Japan, China, Asia, EU, Russia, Belarus, Roda de Ter, Barcelona, Spanish, Italy, Pomezia, Russian, Moldovan, London, Madrid, Milan

☆ Philip Morris International CEO aims to make its stock an ESG investment, FT reports
▼ + stars: | 2023-05-31 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

The majority of those sales come from PMI’s “heated tobacco” products, which use electricity to warm, rather than burn, tobacco. “This requires system-level change.”Philip Morris International, headquartered in Switzerland, is the multinational firm that sells Marlboro brand cigarettes in non-US markets. It was spun off in 2008 from Altria Group, which controls Philip Morris USA. That’s especially true in Europe, where ESG accounted for 65% of all flows into ETFs in 2022, according to Morningstar data. Olczak touted PMI’s ESG bona fides on transparency, though he also acknowledged that the use of child labor in tobacco supply chains harmed his company’s ESG rating.

Persons: Philip Morris, Jacek Olczak, ” Olczak, “ I’m, Philip Morris …, ”, ” Philip Morris, ESG, Olczak, “ Organizations: New, New York CNN, Tobacco, Philip Morris International, Financial Times, CNN, ” Philip Morris International, Marlboro, Altria Group, Philip Morris USA, drillers, Morningstar Locations: New York, Switzerland, Europe

Jones had led Luton to automatic promotion from League Two and even a Championship playoff semi-final in two spells but left in November when they were ninth, leaving Luton in a predicament. The rest is history as Luton finished third in the Championship and qualified for the playoffs on the back of a 14-match unbeaten run. It's the best league with the best managers, the best players. With 367 appearances for Luton, the 29-year-old is now the first man to go from non-league to the Premier League with one club. "Here I am, a Premier League player."

☆ Luton promoted to Premier League after playoff win over Coventry
▼ + stars: | 2023-05-27 | by ( ) www.reuters.com time to read: +1 min

[1/5] Soccer Football - Championship Play-Off Final - Coventry City v Luton Town - Wembley Stadium, London, Britain - May 27, 2023 Luton Town's Fred Onyedinma, Daniel Potts and Carlton Morris celebrate after winning the penalty shootout in the Championship Play-Off Final Action Images via... Read moreLONDON, May 27 (Reuters) - Luton Town will play in the Premier League for the first time after beating Coventry City 6-5 on penalties in Saturday's Championship playoff final at Wembley Stadium, earning a return to England's top flight after a 31-year absence. Luton will join Burnley and Sheffield United, who won automatic promotion as Championship winners and runners-up, in next season's Premier League. Their Kenilworth Road stadium will host top-flight soccer for the first time since 1992, when they were relegated from the Football League First Division. Luton substitute Joe Taylor had a goal disallowed due to handball late in extra time, after a second-half equaliser from Coventry midfielder Gustavo Hamer cancelled out Jordan Clark's brilliant opener. Luton captain Tom Lockyer was taken to hospital for tests after he collapsed on the pitch early in the first half.

☆ Tina Turner, a Queen of Rock ’n’ Roll Covers
▼ + stars: | 2023-05-26 | by ( ) www.nytimes.com time to read: +2 min

Led Zeppelin and the Rolling Stones got the treatment, too, and so did “Louie Louie,” with a sultry, little-known rendition which — I’m not even making this up — louielouie.net (“The blog for all things Louie Louie”) called “one of the essential Louie Louie recordings!” with some all-caps emphasis. Tina Turner was a seismic, once-in-a-lifetime musical force, but I don’t need to tell you that; I’ll let this playlist do the talking. And I’ll let my colleague Wesley Morris, who wrote an appraisal worthy of the queen, do some of it too: “They’re saying she was 83? It shot from her — from her feet, thighs, hands, arms, shoulders, out of her hair, out of her mouth.”Listen along on Spotify as you read. “Gimme, gimme, gimme a honky tonk man.” (Listen on YouTube)

For now, tech companies seem to view both trust and safety and AI ethics as cost centers. That included all but one member of the company's 17-person AI ethics team, according to Rumman Chowdhury, who served as director of Twitter's machine learning ethics, transparency and accountability team. Chowdhury referenced an initiative in July 2021, when Twitter's AI ethics team led what was billed as the industry's first-ever algorithmic bias bounty competition. Still, sources familiar with the matter said that following the layoffs, the company has fewer people working on misinformation issues. watch nowFor those who've gained expertise in AI ethics, trust and safety and related content moderation, the employment picture looks grim.

☆ ‘You Hurt My Feelings’ Review: She Can’t Handle the Truth
▼ + stars: | 2023-05-25 | by ( Wesley Morris | ) www.nytimes.com time to read: +2 min

“You Hurt My Feelings” sums up the Nicole Holofcener experience: funny in its wounded bluntness. Her characters — comfortable New Yorkers and Angelenos — tend to lash out; their preferred approach to honesty is brazenness. But Holofcener is drawn more to the process of healing than she is to the wielding of hurt. By that point the movie’s already shown us what Beth’s and Don’s lives are like, together and apart. One thing that’s probably kept the marriage firm has been saying “I love this” and “it’s great,” when it’s not.

☆ Here’s the secret sauce that fueled Palo Alto Networks’ beat and raise despite tough times
▼ + stars: | 2023-05-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

Bottom line Once again, Palo Alto Networks delivered an upside quarter despite uncertainty related to the slowing and more cost-conscious macroeconomic environment. Palo Alto Networks isn't cheap on a classical earnings basis. The fiscal Q3 results clearly show Palo Alto Networks as a preferred partner despite industry headwinds related to elongated sales cycles. PANW YTD mountain Palo Alto Networks (PANW) YTD performance Outlook For Palo Alto Networks' current fiscal 2023 fourth quarter, the company sees rosy times ahead. Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.

☆ A trans teen in Mississippi missed her graduation after school officials demanded she dress like a boy for the ceremony
▼ + stars: | 2023-05-21 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +2 min

A Mississippi high school tried to force a trans girl to wear boy's clothes for graduation. The ACLU has filed a lawsuit against the Harrison County School District on the student's behalf. The trans girl skipped her graduation after a district official told her parents she had to dress "like a boy." Graduating boys in the school district are expected to wear white shirts and black pants. Harrison Central High School and the Harrison County School District did not immediately return Insider's request for comment on Sunday.

☆ Transgender Mississippi girl misses graduation after judge's ruling
▼ + stars: | 2023-05-20 | by ( Timothy Gardner | ) www.reuters.com time to read: +2 min

May 20 (Reuters) - A transgender Mississippi girl declined to participate in high school graduation on Saturday after a U.S. District Judge said the school district could bar her unless she dressed in clothes required for boys, a lawyer for the girl said. The school district's dress code requires boys to wear a white button-down shirt, black dress plants, black shoes and a tie or bowtie. Mississippi lawmakers have introduced more than 30 bills this year seeking to limit rights of LGBTQ citizens. In 2021, Mississippi became the first U.S. state to ban transgender athletes from competing in women's and girl's sports, when Republican Governor Tate Reeves signed legislation. Efforts to reach the school district and Clark on Saturday were unsuccessful.

☆ A female orca traumatized by a previous encounter with humans may be behind mounting killer whale attacks on boats, scientists say
▼ + stars: | 2023-05-20 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +4 min

A traumatized female orca could be behind the increased killer whale attacks on boats. A traumatic event may have triggered a change in White Gladis' behavior, experts told LiveScience. While most orca interactions with boats are harmless, there has been a spike in aggressive behavior towards boats since 2020, biologist Alfredo López Fernandez told LiveScience. Janet Morris and Stephen Bidwell were on an already-bumpy ride when the crew spotted the killer whales on May 2 in the Strait of Gibraltar. as a pod of killer whales began banging into their 46-foot boat, per The Times.

☆ China is using AI to raise the dead, and give people one last chance to say goodbye
▼ + stars: | 2023-05-20 | by ( Matthew Loh | ) www.businessinsider.com time to read: +13 min

I would have liked to watch a few more episodes," the grandfather bot replied. Yu told Tang his grandmother needed the chatbot to process her emotions and mourn. As for himself, he declined to share his intimate conversations with his grandfather bot. Like Yu's grandfather bot, Wu's bot produced limited responses. "These emotions might have overwhelmed me too much to work and live my life," he told Tang.

☆ Alphabet and this concert promoter are among Wall Street's most overbought stocks
▼ + stars: | 2023-05-20 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

CNBC Pro used FactSet data to compile a list of the most overbought and oversold stocks in the S & P 500 through Friday, based the relative strength index, a technical indicator that measures momentum. A 14-day RSI of 70 or more typically means a stock is overbought. A 14-day RSI reading below 30 signals that a stock is oversold — which may also suggest a buying opportunity for discount-minded investors. CNBC Pro focused on the 10 most overbought and 10 most oversold stocks. Google-parent company Alphabet is one of the most overbought stocks on Wall Street, with a 14-day RSI reading of 82.5.

☆ Kyiv is demanding F-16s and 2 Ukrainian pilots just proved they can master the jet 4 times faster than the Pentagon thought possible: report
▼ + stars: | 2023-05-19 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

Ukrainian pilots can master F-16 jets in four months, per an Air Force document obtained by Yahoo News. The internal assessment is likely to ratchet up pressure on Biden to send Ukraine the planes. Four experienced US air force instructors assessed the Ukrainian pilots and determined the pilots could perform several "relatively technical" maneuvers, including landing after losing an engine and withstanding mock attacks, Yahoo News reported, citing the assessment. The two men were already qualified to operate a MiG-29 and Su-27 respectively, both Soviet-era fighter jets that comprise the majority of Ukraine's remaining air force, according to the outlet. But the report published by Yahoo on Thursday deduces that four months is a "realistic training timeline" for Ukrainian pilots to undergo training on the aircraft.

Search resuls for: "morris"

25 mentions found