DIRS.INFO The most relevant business & tech news

☆ How this 26-year-old went from running bitcoin trading desks in Taco Bells to creating the largest crypto exchange in Africa
▼ + stars: | 2023-03-25 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +28 min

Yellow Card CEO Chris Maurice just before meeting with the Securities and Exchange Commission in Accra, Ghana. Chris MauriceFrom there, Yellow Card users can send or receive digital cash in eligible markets. Zoom In Icon Arrows pointing outwards Yellow Card CEO Chris Maurice in Accra, Ghana loading cash onto his Mobile Money account, MoMo. Yellow Card has facilitated $1.75 billion in transactions since launching in 2019 and has about 220 employees – mostly in Africa. A resident checks his phone outside a mobile money kiosk in the Kibera district of Nairobi, Kenya, on Monday, Aug. 1, 2022.

March 23 (Reuters) - A federal appeals court in New Orleans on Thursday upheld a judge's ruling blocking enforcement of President Joe Biden's 2021 executive order requiring all federal employees take a COVID-19 vaccine. The U.S. Court of Appeals for the Fifth Circuit said that, contrary to arguments by the Biden administration, the judge had jurisdiction to issue a nationwide mandate against the requirement. read moreA three-member panel of the Fifth Circuit overturned that ruling in April last year. read moreBiden issued his executive order in September 2021, saying that some 3.5 million federal employees or contractors who failed to get the vaccine faced discipline or firing. Reporting by Dan Whitcomb; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

☆ Exclusive: ValueAct seeks to oust four directors of Seven & i
▼ + stars: | 2023-03-24 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

March 24 (Reuters) - ValueAct Capital informed Seven & i Holdings (3382.T) on Friday it would lobby to remove four directors from the Japanese's convenience store operator's 14-member board, citing "a failed corporate strategy." ValueAct, which owns a 4.4% stake of Seven & i, had called on the company's management in January to spin-off of its 7-Eleven convenience store chain. The letter did not state how ValueAct will seek to oust the four directors, whom it did not publicly identify. ValueAct, which is led by Mason Morfit, won a board seat earlier this year at cloud computing company Salesforce (CRM.N). Six new directors joined Seven & i's board last year.

March 23 (Reuters) - The U.S. Consumer Financial Protection Bureau's funding structure is constitutional, a Manhattan appeals court ruled on Thursday, as the U.S. Supreme Court prepares to consider the issue next term. Circuit Court of Appeals finding the CFPB's funding unconstitutional. Circuit Court Judge Richard Sullivan said the constitution only requires that expenditures be authorized by an act of Congress. U.S. Supreme Court decisions and historical principles of congressional spending support that conclusion, he wrote. Circuit Court of Appeals, No.

"There is a brick wall in front of M&A activity," said Anu Aiyengar, global head of M&A at JPMorgan Chase & Co (JPM.N). "We are in for choppiness," said Scott Barshay, chair of the corporate department at law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP. And it's a giant struggle because there's a lot of dry powder for the equity part of private equity deals. Dealmakers, however, said they expect the impact from the banking crisis on broader M&A activity to be contained, as most of the worst affected regional banks are not major advisers or lenders on deals. The technology sector remains the best hunting ground for corporate acquirers or private equity financiers, deal advisors said.

☆ NBA roundup: Paul George gets hurt in Clippers' loss
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +4 min

Kawhi Leonard scored 21 points and Paul George added 18 against his former team before departing with a knee injury. Derrick White added 20 points for the Celtics, and Marcus Smart scored 17. Day'Ron Sharpe scored 20 points to lead the Nets, who tied a season high with their fourth straight loss. Bogdan Bogdanovic started at guard in place of Dejounte Murray (illness) and scored 18 points. Sandro Mamukelashvili scored 20 points for the Spurs, who played without Keldon Johnson (neck), Devin Vassell (knee) and Zach Collins (rest).

☆ The world's top metals trader is stuck in another nickel-shipment snafu after getting bags of stones from a Dutch warehouse
▼ + stars: | 2023-03-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Trafigura discovered that it received bag of stones from a warehouse in Rotterdam instead of nickel. Last month, Trafigura disclosed an unrelated fraud on nickel shipments and faces a $577 million loss. Earlier, the Wall Street Journal reported that JPMorgan Chase was the owner of bags of stones at the warehouse. Stratton Metals, a metal trader in Europe, also reportedly got bags of stones instead of nickel. Meanwhile, Trafigura has said there's no connection between the bags of stones and a separate snafu related to nickel cargoes.

☆ NBA roundup: Spurs overcome 24-point deficit, down Hawks
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +7 min

Dejounte Murray led the Hawks with 22 points in his return to San Antonio after being traded by the Spurs in the offseason. Onyeka Okongwu added 17 points, with Clint Capela racking up 15 points and 12 rebounds. Bam Adebayo supplied 22 points, 10 rebounds, five assists and three blocks for Miami. Tyler Herro had 19 points and six rebounds, Caleb Martin tossed in 13 points and Kevin Love added 12 points and eight rebounds. Fred VanVleet's 23 points led four Raptors scoring at least 18.

☆ How an often overlooked World War II-era shipbuilder designed the boat that Eisenhower said 'won the war for us'
▼ + stars: | 2023-03-19 | by ( Katie Sanders | Mara Storey | ) www.businessinsider.com time to read: +8 min

The Higgins boat is one of the iconic vessels of World War II. Andrew Higgins, center, developed several kinds of landing craft that were invaluable during World War II. His landing craft were used in every major amphibious assault of World War II, from the shores of Europe to the Pacific islands. National World War II MuseumBorn in Nebraska in 1886, Higgins ran newspaper routes and started a lawn-mowing company as a child. In one instance, Navy officials expressed interest in seeing a design for a new 56-foot tank landing craft three days before a scheduled visit to see another type of landing craft.

WASHINGTON, March 18 (Reuters) - The U.S. Justice Department has asked the Supreme Court to allow a federal law stand that makes it a crime for people under domestic violence restraining orders to own firearms. It was the latest victory for gun rights advocates since a Supreme Court ruling last June granting a broad right for people to carry firearms outside the home. The Justice Department's petition to appeal the matter to the Supreme Court was posted on Twitter late on Friday by Jake Charles, a law professor at Pepperdine University with expertise on gun control issues. The Justice Department said it was pursuing the Supreme Court appeal on a "highly expedited schedule" so the justices could potentially take up the case before the current term ends. Neither the Justice Department, nor the federal public defender representing Rahimi immediately responded to requests for comment.

☆ NBA roundup: 3-pointer at buzzer pushes Mavs past Lakers
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +6 min

Anthony Davis scored 26 points with 10 rebounds for the Lakers after missing Wednesday's defeat to the Houston Rockets because of load management. Austin Reaves scored 16 points and Dennis Schroder added 15 as Los Angeles played its 10th consecutive game without LeBron James (foot). Washington's 12 points and Kelly Oubre Jr.'s 11 points led Charlotte. Jalen Green paced Houston with 25 points while Kevin Porter Jr. added 20. Brandon Ingram led the Pelicans with 31 points and six assists, while Jonas Valanciunas had 22 points and 17 rebounds.

☆ Yellen says uninsured deposits may be at risk in future bank failures. Here’s how FDIC coverage works
▼ + stars: | 2023-03-17 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

How FDIC coverage worksThe limit for FDIC coverage is $250,000 per depositor, per bank, in each account ownership category. The majority of Americans are going to be covered by FDIC insurance. For example, a married couple with a business may have up to $250,000 insured in an account in one spouse's name, up to $250,000 insured in an account in the other spouse's name and up to $250,000 insured in a business account. How to check, boost FDIC protectionIf you want to know whether your deposits are FDIC-insured, check your bank statement, Jenkin said. Not all accounts provide FDIC coverage, Jenkin noted.

CNBC Select asked Brian Walsh, a CFP and Senior Manager of Financial Planning at SoFi, to share some of his best tips for making travel more affordable. Plus, waiting too long could mean the more affordable hotel and vacation rental options fill up, leaving you stuck paying for pricey accommodations. Many travel rewards credit cards can make booking flights and hotels more affordable thanks to the large welcome bonuses they may offer. Capital One Venture Rewards Credit Card Learn More Information about the Capital One Venture Rewards Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication. Remaining flexible and using rewards points when booking your travel plans is key to significant savings.

☆ Here's when taking out a 401(k) loan actually 'makes sense,' says advisor
▼ + stars: | 2023-03-16 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

"I've always been very anti-401(k) loan," duQuesnay said. DuQuesnay, an investment advisor at Ritholtz Wealth Management and member of CNBC's Advisor Council, used a 401(k) loan as a short-term pot of cash for a down payment. watch nowBorrowing against retirement savings served as a bridge loan that duQuesnay plans to pay back after selling her old house. This may be a good strategy for those whose budget can absorb the monthly mortgage and 401(k) loan payments, she said. People should generally try to avoid borrowing from retirement savings if they can avoid it, though, duQuesnay cautioned.

March 15 (Reuters) - A U.S. judge in Texas is set to hear arguments on Wednesday in a bid by anti-abortion groups to ban sales of the abortion pill mifepristone across the country, even in states where abortion is legal, as they challenge regulatory approval granted more than two decades ago. Twelve of the 50 states now ban abortion outright while some others prohibit it after a certain length of pregnancy, according to the Guttmacher Institute, a research organization that supports abortion rights. The judge cited death threats and harassment directed at the court during the case and a wish to avoid disruption. After appealing to the 5th Circuit, the losing side could seek to take the matter to the U.S. Supreme Court. Reporting by Brendan Pierson in New York; Editing by Will Dunham and Alexia GaramfalviOur Standards: The Thomson Reuters Trust Principles.

☆ Whole Foods co-founder John Mackey, who is worth $75 million, says that business is 'judged and attacked' by society. 'We are the real value creators in the world.'
▼ + stars: | 2023-03-14 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Whole Foods co-founder John Mackey thinks business is "judged and attacked" by society. Mackey spoke at a conference, in one of his first appearances since stepping down as Whole Foods CEO. "I always felt that business is misunderstood by society," Mackey said during the presentation, according to industry publication Baking Business. "Entrepreneurs are the true heroes in a free-enterprise economy, driving progress in business, society, and the world," he wrote. Now, he plans to start a chain of health restaurants in Southern California called Love.Life!, according to Baking Business.

Flood insurance is expensive because flood recovery costs are expensiveOn average, most homes' flood insurance premiums fall between $700 and $800 annually for flood insurance. "It provides insurance through the National Flood Insurance Program, a partnership between private insurers and the federal government," says Evan W. Walker, an attorney who regularly litigates flood insurance issues. However, a condo association's master insurance policy (the insurance covering the whole building) includes flood insurance. The NFIP might lower your flood insurance premiumsLight may be on the horizon if you've paid expensive flood insurance for your dream home. The National Flood Insurance Program is using a new way of calculating flood insurance costs as of 2021.

☆ Biden proposes first national limits on toxic 'forever chemicals' in drinking water
▼ + stars: | 2023-03-14 | by ( Emma Newburger | ) www.cnbc.com time to read: +2 min

The Environmental Protection Agency on Tuesday proposed the first nationwide restrictions on so-called "forever chemicals" in drinking water after discovering the compounds are more dangerous than previously known — even at undetectable levels. The chemicals, known as perfluoroalkyl substances, or PFAS, have been voluntarily phased out by U.S. manufacturers. The EPA's proposed standards cover six PFAS that have polluted drinking national water supplies. The proposal would regulate PFOA and PFOS as individual contaminants, and would regulate four other PFAS — PFNA, PFHxS, PFBS, and GenX Chemicals — as a mixture. For PFOA and PFOS, the agency proposed a binding drinking water limit of four parts per trillion per chemical.

☆ Are your bank deposits FDIC-insured? What to know in the wake of Silicon Valley Bank, Signature Bank closures
▼ + stars: | 2023-03-13 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

Liu Guanguan | Getty ImagesThe unexpected shutdowns of Silicon Valley Bank and Signature Bank have prompted new questions about the level of protection for bank deposits that many consumers have not asked since the 2008 financial crisis. The limit for FDIC coverage is $250,000 per depositor, per bank, in each account ownership category. For example, a married couple with a business may have up to $250,000 insured in an account in one spouse's name, up to $250,000 insured in an account in the other spouse's name and up to $250,000 insured in a business account. How to check, boost FDIC coverageIf you want to know whether your deposits are FDIC-insured, check your statement, Jenkin said. The majority of Americans are going to be covered by FDIC insurance.

☆ Five Rules for Getting an ‘Investment Buzzcut’—Spring’s Hot Men’s Haircut
▼ + stars: | 2023-03-11 | by ( Wilbert Cooper | ) www.wsj.com time to read: +1 min

IN JANUARY, pop star Shawn Mendes shocked fans when he buzzed off his chocolatey mane. Some members of the Mendes Army even tweeted that they were “grieving” at having to bid farewell to the heartthrob’s dreamy waves. When The Wall Street Journal asked the 24-year-old to share his rationale behind the bare new look, he did not mention any particular image agenda. The stripped-back style suggests an emotional rawness, said Mike Martinez, creative director of Cutler Salon, which has branches in New York and Los Angeles. “When the sun finally comes out and we leave that winter hibernation, the buzzcut is there for those people looking for a new, cleaner look,” he said.

☆ Cleveland has the most generous tippers in the U.S.—San Francisco comes in dead last
▼ + stars: | 2023-03-08 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

Cleveland ranked No.1 on the list with diners there adding a 20.6% gratuity to their checks, on average. San Francisco brings up the rear, with a 17% average tip. Just about every transaction you make these days, it seems, comes with a tablet being flipped in your direction with suggested tip amounts. As long as the server doesn't stick a fork in my eye, they get 20% — more if they're especially good. I recently picked a few things up at a local grocer/convenience store/deli, and when the touchscreen flipped, I was prompted to tip 20%, 22%, or 25%.

☆ NBA roundup: Joel Embiid (42) guides Sixers past Pacers
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +5 min

[1/3] Mar 6, 2023; Indianapolis, Indiana, USA; Philadelphia 76ers center Joel Embiid (21) shoots the ball while Indiana Pacers center Myles Turner (33) defends in the second half at Gainbridge Fieldhouse. Tyrese Maxey made six 3-pointers and scored 24 points for Philadelphia, and James Harden contributed 14 points, 20 assists and nine rebounds. Boston got 32 points, 13 rebounds and nine assists from Jaylen Brown. Trail Blazers 110, Pistons 104Damian Lillard recorded 31 points, 13 rebounds and 12 assists as visiting Portland handed Detroit its eighth consecutive loss. Cory Joseph had 14 points, Jaden Ivey contributed 13 points and 13 assists and Alec Burks also scored 13 points.

☆ Merck's drug boosts exercise capacity in pulmonary hypertension patients
▼ + stars: | 2023-03-06 | by ( Khushi Mandowara | ) www.reuters.com time to read: +2 min

Sotatercept, combined with a background therapy, helped patients with pulmonary arterial hypertension to walk about 40.8 meters more in six minutes. J.P. Morgan analyst Chris Schott said the data exceeded the brokerage's expectations and "should confirm the drug as go-to add-on therapy" for pulmonary arterial hypertension. Schott forecast peak sales of $3 billion to $4 billion for the drug. In October, Merck said sotatercept had met the main goal of a late-stage study, but did not release the full data. Reporting by Khushi Mandowara and Pratik Jain in Bengaluru; Editing by Arun Koyyur and Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ NBA roundup: Nets stun Celts with NBA's biggest comeback of season
▼ + stars: | 2023-03-04 | by ( ) www.reuters.com time to read: +7 min

Cam Johnson added 20 points for the Nets, who also received 17 points apiece from Spencer Dinwiddie and Dorian Finney-Smith. Jayson Tatum, who turned 25 on Friday, finished with 22 points and 13 rebounds, but he missed all eight of his 3-point attempts. Terry Rozier posted 22 points, Gordon Hayward 17 and Mark Williams 13 points for Charlotte, which was hurt by 21 turnovers. Kings 128, Clippers 127De'Aaron Fox recorded 33 points, seven rebounds and seven assists and Sacramento won its fifth straight game by prevailing over visiting Los Angeles. Jonathan Kuminga, coming off the Golden State bench, chipped in with 19 points, seven rebounds and four steals.

☆ ExxonMobil sued after a Black employee allegedly discovered a noose at work. It was the fifth at the same facility
▼ + stars: | 2023-03-02 | by ( David Goldman | ) edition.cnn.com time to read: +2 min

The EEOC alleges that in January 2020, a Black employee at Exxon (XOM)Mobil’s Baton Rouge chemical plant found a noose at his worksite and reported it to the company. The company failed to investigate each event and didn’t do enough to prevent further incidents, the EEOC alleges. Todd Spitler, a spokesperson for ExxonMobil, said in a statement that the company disagrees with the EEOC’s findings. “ExxonMobil promptly performed a thorough investigation of this claim, and there was no evidence to support allegations of discrimination,” he said. “The symbols of hate are unacceptable, offensive, and in violation of our corporate policies.”In 2021, multiple nooses were discovered at the construction site of an Amazon fulfillment center in Windsor, Connecticut.

Search resuls for: "Orléans"

25 mentions found