DIRS.INFO The most relevant business & tech news

☆ Mark Meadows had never drunk alcohol before he accidentally downed 3.5 White Claws in the White House, Cassidy Hutchinson says in new book
▼ + stars: | 2023-09-26 | by ( Natalie Musumeci | John L. Dorman | ) www.businessinsider.com time to read: +3 min

Mark Meadows accidentally got tipsy at the White House for the first time, according to Cassidy Hutchinson's book. Meadows never drank alcohol before he downed White Claw at the White House in 2020, according to Hutchinson. AdvertisementAdvertisementFormer President Donald Trump's onetime chief of staff Mark Meadows never drank alcohol in his life before he accidentally got tipsy off multiple cans of White Claw in the White House, ex-Meadows aide Cassidy Hutchinson said in her new memoir. According to Hutchinson, Meadows explained that he was sitting with Vought and "started to get thirsty." I'm drinking alcohol on a Monday morning, and I've never even had a drink before," Meadows said, according to Hutchinson's book.

Persons: Mark Meadows, Cassidy Hutchinson's, Meadows, Hutchinson, I've, —, Donald Trump's, Cassidy Hutchinson, Mark, Russ Vought, hadn't, Russ Organizations: White House, Service, White, Southern Baptist Locations: Hutchinson

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. "The prospect of rates staying higher for longer has given investors a lingering headache," said Russ Mould, investment director at AJ Bell. "Many had hoped we would approach the end of 2023 with a clearer picture on when rates will start to be cut." ET, Dow e-minis were up 36 points, or 0.1%, S&P 500 e-minis were up 11 points, or 0.25%, and Nasdaq 100 e-minis were up 68.5 points, or 0.46%. Wayfair (W.N) rose 2.6% after Bernstein upgraded the online furniture retailer to "market perform" from "underperform", citing improving revenue growth and margins.

Persons: Brendan McDermid, dampening, Russ Mould, AJ Bell, Neel Kashkari, Lisa Cook, Li Auto, Alibaba, Bernstein, Ankika Biswas, Shristi, Anil D'Silva, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Activision, Microsoft, Dow, Nasdaq, U.S, Treasury, Apple, Nvidia, P Global, PMI, Minneapolis, Detroit, Dow e, PDD Holdings, Baidu, Hong, Thomson Locations: New York City, U.S, Hong Kong, Bengaluru

☆ A NASA probe got slammed by a massive eruption from the sun — and caught it all on camera
▼ + stars: | 2023-09-19 | by ( Rebecca Cohen | Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

A NASA probe caught a massive eruption from the sun on camera. The Parker Solar Probe flew right through a major coronal mass ejection last year. NASA said that the CME that struck the Parker Solar Probe was "one of the most powerful coronal mass ejections ever recorded." The Parker Solar Probe's mission to touch the sunAn artist's illustration of the Parker Solar Probe approaching the sun. NASAThe Parker Solar Probe was designed specifically to study the sun.

Persons: NASA's Parker, Parker, Johns Hopkins, it's, Jim Kinnison, We're, Russ Howard Organizations: NASA, Parker, Probe, Service, Solar Probe, Johns Hopkins Applied Physics, CME, NASA's Parker Solar Probe, Johns Hopkins Applied Physics Laboratory Locations: Wall, Silicon, CMEs

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023. SoftBank's Arm Holdings gained 6.5% after a stellar Nasdaq debut on Thursday, rekindling hopes of a turnaround in the initial public offering (IPO) market. U.S.-listed shares of Alibaba Group Holdings , JD.com , PDD Holdings (PDD.O) and Xpeng rose between 0.1% and 1.6%. ET, Dow e-minis were up 85 points, or 0.24%, S&P 500 e-minis were up 6 points, or 0.13%, and Nasdaq 100 e-minis were down 4.5 points, or 0.03%. Reporting by Ankika Biswas and Shristi Achar A in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Lam, Taiwan's TSMC, Stellantis, rekindling, Russ Mould, AJ Bell, Ankika Biswas, Shristi, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Ford, Motors, UAW, Dow, Nasdaq, Lam Research, KLA Corp, Reuters, Ford Motor, General Motors, United Auto Workers, Chrysler, SoftBank's Arm Holdings, Nvidia, there's, Therapeutics, Reuters Graphics Reuters, Traders, Federal Reserve, University of, Alibaba Group Holdings, PDD Holdings, Dow e, Thomson Locations: New York City, U.S, Bengaluru

The impeachment inquiry comes at a fragile political moment for the president. An impeachment inquiry would give Republicans broad new powers to request documents and testimony about the Bidens. For now, the White House views the situation from a communications standpoint rather than as a legal issue. “Kevin McCarthy, Marjorie Taylor Greene, and MAGA Republicans just launched a beyond ridiculous impeachment inquiry into President Biden,” the fundraising email reads. An element of the White House strategy is keeping him focused on his governing duties, including plans to deliver what the White House has billed as a “major economic address” in Maryland on Thursday.

Persons: Joe Biden, Kevin McCarthy’s, Biden, McCarthy, ” Biden, Biden’s, –, Hunter Biden, Devin Archer, Hunter, Republicans “ can’t, ”, Ian Sams, Sams, Kamala Harris ’, “ Kevin McCarthy, Marjorie Taylor Greene, MAGA, Donald Trump, – Trump, “ McCarthy, Trump, Kevin McCarthy, Bill Clinton, Dick Sauber, Russ Anello, Ammar Moussa, “, Kyle Herrig, it’s, Kamala Harris Organizations: CNN, GOP, Congress, White, Republicans, White House, MAGA Republicans, House Republicans, Democratic National Committee, Wednesday, Biden White, Democratic, Biden, Project, United Nations Locations: Maine, Maryland, New York

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023. REUTERS/Brendan McDermid Acquire Licensing RightsSummaryCompanies Tesla gains on Morgan Stanley upgradeBoeing rises after Vietnam Airlines jet dealFutures up: Dow 0.23%, S&P 0.44%, Nasdaq 0.63%Sept 11 (Reuters) - Wall Street futures gained on Monday as Tesla shares rose, while investors awaited inflation data due later this week for clues on the U.S. Federal Reserve's interest-rate path. The three major indexes logged weekly declines on Friday as strength in oil prices and stronger-than-expected economic data fueled concerns of sticky inflation and interest rates staying higher for longer. Investors now await the crucial consumer and producer prices data as well as retail sales numbers due later this week. Data over the weekend showed China's consumer prices returned to positive territory in August, while factory-gate price declines slowed, as deflation pressures ease amid signs of stabilization in the economy.

Persons: Brendan McDermid, Morgan Stanley, Russ Mould, AJ Bell, Ankika Biswas, Shreyashi Sanyal, Arun Koyyur, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Boeing, Vietnam Airlines, Dow, Nasdaq, Wall, U.S, Investors, FedWatch, Dow e, Apple, Hostess Brands, PDD Holdings, Baidu, Sunday, Thomson Locations: New York City, U.S, U.S . Federal, China, Bengaluru

☆ The US dollar is king again. Here’s why
▼ + stars: | 2023-09-08 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

London CNN —The US dollar is enjoying its longest winning streak in nearly nine years. The rally comes after months of volatility, fueled by concerns that the dollar may be losing its status as the world’s reserve currency. “Rumors of the US dollar’s demise continue to be greatly exaggerated,” James Athey, investment director at Abrdn, an asset manager, told CNN. Higher interest rates tend to boost the value of a country’s currency by attracting more foreign capital, as investors anticipate making bigger returns. “The US economy continues to surprise to the upside,” Carsten Brzeski, global head of macroeconomic research at ING, told CNN.

Persons: ” James Athey, ” Athey, ” Carsten Brzeski, ” Brzeski, Russ Mould, AJ Bell, Athanasios Vamvakidis, Sheldon Cooper, “, ” Alex Cohen Organizations: London CNN, CNN, Federal Reserve, ING, US Federal Reserve, European Central Bank, Bank of America Global Research, People’s Bank of Locations: Saudi Arabia, United States, China, Europe, Germany, Russia, People’s Bank of China

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. ET, for a snapshot of the U.S. economy, ahead of the keenly awaited inflation data scheduled for next week and the Fed's policy decision on Sept. 20. Investors will also parse comments from Boston Fed President Susan Collins and Dallas Fed President Lorie Logan later in the day. ET, Dow e-minis were down 76 points, or 0.22%, S&P 500 e-minis were down 11.5 points, or 0.26%, and Nasdaq 100 e-minis were down 50 points, or 0.32%. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Segar, Russ Mould, AJ Bell, Susan Collins, Lorie Logan, General Mills, Shristi Achar, Vinay Dwivedi Organizations: Wall, New York Stock Exchange, REUTERS, Companies, Dow, Nasdaq, Federal, Federal Reserve, Investors, Global, ISM, Traders, Boston Fed, Dallas Fed, Dow e, Apple, Alaska Air Group, Southwest Airlines, United Airlines, Thomson Locations: Manhattan, New York City , New York, U.S, Russia, Saudi Arabia, China, Bengaluru

ENGLEWOOD, Colo. (AP) — Sean Payton's quest to restore the Denver Broncos’ long-lost offensive swagger in 2023 starts with resurrecting Russell Wilson's career. Do I think he’s going to fix Russell Wilson? I don’t think you fix Russell Wilson, I think you find Russell Wilson. “There’s something about Sean Payton, you know, he’s a commanding presence in the room,” Collinsworth said. “I’m gonna bet on Sean Payton figuring out a way to make this fit."

Persons: Sean Payton's, Russell Wilson's, Nathaniel Hackett, Wilson, George Paton, “ It's, It's, Russ, ” Payton, Cris Collinsworth, Sean Payton’s, Collinsworth, Russell Wilson, Payton, We've, Sean’s, Jameis, Teddy Bridgewater, Drew Brees, “, Sean Payton, he’s, ” Collinsworth, Russell, —, ” Wilson, Patrick Mahomes, Mike Tirico, Hackett, Aaron Rodgers, ” Tirico, Mike Tannenbaum, Mike Lombardi, Jarrett Stidham, he'll, Wilson wouldn't, Deion Sanders, you've, There's, I've, ” Organizations: Denver Broncos, Broncos, NBC, Football, Las Vegas Raiders, Taysom, NFL, ESPN, University of Colorado Locations: ENGLEWOOD, Colo, Russ, New Orleans, New York, Denver

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023. Shares of Salesforce (CRM.N), which also forecast upbeat quarterly sales, rose 5.6% before the bell as the cloud-based software provider benefits from price hikes and a resilient demand. Investors now await the price consumption expenditure (PCE) index for July, the Fed's preferred inflation measure, due at 8:30 a.m. The core PCE price index is expected to have climbed 4.2% in the 12 months through July, according to economists polled by Reuters. Among other stocks, Dollar General (DG.N) slumped 14.2% after the discount retailer cut its annual same-store sales forecast.

Persons: Brendan McDermid, Dow Jones, Salesforce, Russ Mould, AJ Bell, Raphael Bostic's, Alibaba, Shristi Achar, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Investors, Reuters, Graphics Traders, Atlanta Fed, PDD Holdings, Baidu, Dow e, Thomson Locations: New York City, U.S, Bengaluru

☆ Champions Round, a Gen-Z fantasy sports app that raised $10 million, is winding down and looking to sell its assets
▼ + stars: | 2023-08-29 | by ( Ashley Rodriguez | Margaret Fleming | ) www.businessinsider.com time to read: +4 min

Champions Round, a startup that raised $10 million to disrupt fantasy sports, is winding down. In a June 14 all-hands meeting, company leaders told staffers that Champions Round would be laying off much of its staff and preparing to sell its assets, the two people said. Champions Round is the latest startup to fold in the current culling driven by changes in the funding environment. But Champions Round initially appeared to be bucking some of these market trends. Are you an employee at Champions Round or another sports startup?

Persons: Carter Russ, It's, —, hadn't, Russ, Ashley Rodriguez, Margaret Fleming Organizations: Point72 Ventures, Goodwater, Twitter

“My personal favorite was Nikki Haley,” Sarcone told CNN of the former South Carolina governor after watching Wednesday’s debate at her Urbandale home in the Des Moines suburbs. Betsy Sarcone, right, watches the GOP debate with her parents Russ and Susan Sanders. To that end, these were the two biggest takeaways from our group: Haley made a strong impression, and Ramaswamy stirs an undercard version of the Trump GOP divide. “Some Trump people may have found that attractive about Ramaswamy, right?” Betsy Sarcone said. She personally would be my favorite candidate right now.

Persons: Betsy Sarcone, Nikki Haley, ” Sarcone, ’ ” Chris Mudd, Donald Trump, Vivek Ramaswamy, Mudd, “ I’m, ” Mudd, “ Trump, Vivek, Russ, Susan Sanders, Allie Malloy, Haley, Ramaswamy, Trump, Ron DeSantis, Sarcone, “ Haley, DeSantis, Priscilla Forsyth, “ Nikki Haley, ” Forsyth, Chris Mudd, Jeremy Moorhead, “, … I’ve, MAGA, Forsyth, …, He’s, ” Priscilla Forsyth, CNN Sarcone, Susan, Jaclyn Taylor, ” Taylor, ” Jaclyn Taylor, CNN Taylor, South Carolina Sen, Tim Scott, Taylor Organizations: CNN, South, USA, GOP, Republican, Trump GOP, Republican Party, Florida Gov, caucused, Trump, United Nations, “, Trump One Locations: South Carolina, Des Moines, “, Cedar Falls, Milwaukee, Iowa, Florida, Sioux City, Forsyth, DeSantis

☆ Nvidia shares up on hopes of strong results powering another AI rally
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. Shares of the most valuable chip company had briefly scaled a record high in the previous session, but ended 2.8% lower as overall markets slipped. Investors expect upbeat results from Nvidia, whose shares are the top performer on S&P 500 this year, to revive a stocks rally that has struggled in recent weeks. Investors will be looking at sales at Nvidia's data center unit, home to its prized H100 chip used in AI. "Anything less than absolutely fantastic could trigger a sharp downside correction in Nvidia's stock price," said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.

Persons: Robert Galbraith, AJ Bell, Russ Mould, Ipek Ozkardeskaya, Medha Singh, Arun Koyyur Organizations: Nvidia, REUTERS, Reuters, Apple, Swissquote Bank, Thomson Locations: Santa Clara , California, Bengaluru

A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. Other big technology and growth stocks also rose, with Tesla (TSLA.O) advancing 3.4% after logging its biggest one-day percentage gain since March on Monday. Macy's (M.N) jumped 4% after the department store chain beat second-quarter sales estimates, while Coty (COTY.N) slipped 2.0% after the perfume and cosmetics maker forecast annual profit below Wall Street expectations. ET, Dow e-minis were up 66 points, or 0.19%, S&P 500 e-minis were up 17.25 points, or 0.39%, and Nasdaq 100 e-minis were up 79 points, or 0.53%. Among other stocks, shares of Zoom Video Communications (ZM.O) rose 2.8% in premarket trading after the video-conferencing platform forecast third-quarter profit above Wall Street estimates.

Persons: Carlo Allegri, Nvidia's, Russ Mould, Jerome Powell's, Lowe's Cos, Amruta Khandekar, Shinjini Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Nvidia, Monday, Bell, Federal, Traders, Coty, Dow e, Zoom Video Communications, Wall, Activision, Microsoft, Ubisoft Entertainment, Thomson Locations: New York, U.S, Jackson

☆ Lauren Boebert will face yet another challenger in the GOP primary as Democrats look to flip her Colorado district
▼ + stars: | 2023-08-20 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Grand Junction attorney Jeff Hurd joins financial advisor Russ Andrews in the 3rd District primary. But Boebert will also have to make it through a Republican primary with a new opponent now in the race. Grand Junction attorney Jeff Hurd, a former board chair of the Grand Junction Area Chamber of Commerce, jumped into the GOP primary on Wednesday. "I've decided to enter the race to give Republican primary voters an option and a choice," Hurd told the Grand Junction Daily Sentinel. In the Democratic primary, Frisch — a former Aspen city councilman — is joined by Grand Junction Mayor Anna Stout and candidates Debby Burnett, David Karpas, and Adam Withrow.

Persons: Lauren Boebert, Jeff Hurd, Russ Andrews, Boebert, Adam Frisch, " I've, Hurd, I'm, Andrews, Frisch —, Anna Stout, Debby Burnett, David Karpas, Adam Withrow, Frisch, Donald Trump Organizations: Republican, Colorado House, Service, GOP, of Commerce, Daily Sentinel, Colorado District, Democratic, Grand Junction Locations: Wall, Silicon, Colorado, Colo, Aspen, —

[1/2] The U.S. Federal Reserve building is pictured in Washington, March 18, 2008. Among major movers of the day, Applied Materials (AMAT.O) rose 2.5% after the chip equipment maker forecast fourth-quarter profit above analysts' estimates and posted better-than-expected third-quarter earnings. Estee Lauder (EL.N) lost 2.9% after the cosmetics maker forecast its annual net sales and profit below Street estimates. Deere & Co(DE.N) added 0.4% after the construction equipment maker raised its annual profit outlook. With no major economic data due on Friday, focus will now shift to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole economic symposium next week.

Persons: Jason Reed, Estee Lauder, Russ Mould, AJ Bell, EL.N, Jerome Powell's, Amruta Khandekar, Maju Samuel Organizations: U.S . Federal, REUTERS, Dow, Nasdaq, Federal Reserve, Traders, Alibaba, Materials, Deere, Co, Federal, Nvidia, Dow e, Keysight Technologies, Thomson Locations: Washington, U.S

☆ Stock markets face a 'perfect storm' as high rates and China fears bite, analysts warn
▼ + stars: | 2023-08-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange on August 16, 2023 in New York City. large scale fiscal stimulus) we acknowledge sentiment on China is unlikely to reverse sustainably on its own." Cau suggested this poses a problem for European and U.K. stocks. As such, Barclays is recommending investors should take a "barbell" approach involving allocations to cyclical and defensive stocks and a "value tilt." A value tilt refers to tipping a portfolio towards stocks perceived to be trading at a discount relative to their financial fundamentals.

Persons: Michael M, Russ Mould, bunds, Emmanuel Cau, Cau Organizations: New York Stock Exchange, Santiago, Getty, Bell, U.S, U.S . Federal, Treasury, Silicon Valley Bank, Barclays, European Equity Locations: New York City, U.S ., Silicon, China

☆ Retail investors flock to penny stocks WeWork, Amyris, Proterra
▼ + stars: | 2023-08-11 | by ( Medha Singh | ) www.reuters.com time to read: +3 min

The three penny stocks, up in the range of 40% to 120%, were the most actively traded U.S. shares at 10:45 a.m. Amyris (AMRS.O) and WeWork (WE.N) were the second and third most traded stocks by retail investors, respectively, while Proterra (PTRA.O) was twelfth on the list at 10 a.m. Some of the latest speculative bets on the penny stocks were pinned on hopes of a merger and acquisition or a turnaround for the struggling businesses. Another set of retail traders are looking to capitalize on the volatility, especially by squeezing bearish investors on highly shorted stocks. Last week retail traders had piled into shares of Tupperware Brands (TUP.N) and trucking firm Yellow (YELL.O).

Persons: Kate Munsch, Amyris, Proterra, WeWork, Lucas Mantle, AJ Bell, Russ Mould, Matthew Tuttle, Medha Singh, Shounak Dasgupta Organizations: REUTERS, U.S, Biotech, Vanda Research, Hertz, Tuttle Capital Management, Tupperware Brands, Thomson Locations: San Francisco , California, U.S, Bengaluru

REUTERS/Brendan McDermid//File PhotoSummaryCompanies US-listed China stocks fall as stimulus measures disappointFutures mixed: Dow up 0.02%, S&P down 0.06%, Nasdaq down 0.16%Aug 11 (Reuters) - U.S. stock index futures were subdued on Friday as investors awaited producer prices data that could offer more clarity on the Federal Reserve's rate hike path. Investors are now focused on the producer prices data due at 8:30 a.m ET that will offer more insight into inflation in the world's largest economy. U.S. Labor Department's producer price index (PPI) for final demand, is expected to rise 0.2% in July, after growing 0.1% in June. "This (PPI) data set is something of a crystal ball for consumer price inflation; when producers charge more for goods the higher costs are usually passed on to households." "Higher yields incentivize investors to park their cash in the safety of bonds, and therefore decreases demand for risky plays like equities."

Persons: Brendan McDermid, Russ Mould, AJ Bell, Marios Hadjikyriacos, Bansari Mayur Kamdar, Johann M, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Benchmark, Labor, PPI, Dow e, Nvidia, Treasury, XM, Thomson Locations: New York City, U.S, China, JD.com, Bengaluru

☆ Opinion | Will ‘Future You’ Thank ‘Today You’ for Getting Married?
▼ + stars: | 2023-08-09 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

Darwin made lists of “marry” and “not marry” scenarios, precisely as one would expect from a great scientist. At the bottom of the page is scrawled, “Marry — Marry — Marry Q.E.D.” Which is Latin for “that which was to be demonstrated,” as if he had demonstrated anything except his own susceptibility to love. Future married you will probably be happy, but he or she is a different person. That said, most married people are thankful to their past single selves for deciding to wed. (I certainly am.) On average, though, I think children grow up best in intact, two-parent households, and married parents are more likely to stay together than cohabiting unmarried ones.

Persons: Paul, Jordan Ellenberg, Russ Roberts, ” Roberts, Charles Darwin, Darwin, “, ”, Andrew Oswald, don’t, they’re, Ezra Klein Organizations: University of Wisconsin, University of Warwick, Research Locations: Britain, United States

☆ Falling prices in China could be a blessing in disguise for the world economy's ongoing fight against inflation
▼ + stars: | 2023-08-09 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

But falling prices there could end up being good news for the rest of the world. However, falling prices there aren't necessarily bad news for everyone else. In China, prices are falling rather than risingData from the National Bureau of Statistics published Wednesday showed China's factory-gate prices, as measured by the producer price index, plunging 4.4% year-on-year in July for a tenth straight month of declines. Falling prices in the world's second-biggest economy could "give central bankers in the US, UK and Europe pause for thought when they weigh up their next steps," according to AJ Bell investment director Russ Mould. So deflation in China might end up being bad news for Beijing – but a blessing in disguise for the rest of the world.

Persons: it's, China's, Hargreaves Lansdow n's, Steve Lansdown, AJ Bell, Russ Mould Organizations: Service, Privacy, Apple, Nike, Federal Reserve, National Bureau, Statistics, Beijing, Bank of England Locations: China, Wall, Silicon, Beijing, West, Saudi Arabia, Russia, Ukrainian

☆ How interest rates impact your money — from savings to mortgages
▼ + stars: | 2023-08-04 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +4 min

The world of central banks and their policies, which include interest rates, may seem abstract — but they affect everyone. Interest rates — the rate at which you are charged or rewarded — are set by central banks, like the Fed or Bank of England. Pros and consHow consumers are affected by interest rates varies according to whether rates are higher or lower. On the flip side, higher interest rates can boost your savings, Mould added. Interest rates versus inflationInterest rates often go hand in hand with inflation (rising prices).

Persons: James McManus, —, Sarah Coles, Hargreaves Lansdown, Russ Mould, AJ Bell, Mould, McManus Organizations: CNBC, . Federal Reserve, European Central Bank, Bank of England, Fed

☆ CFTC Chair Russ Behnam: There needs to be action by Congress to fill the gaps in crypto space
▼ + stars: | 2023-08-02 | 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 EmailCFTC Chair Russ Behnam: There needs to be action by Congress to fill the gaps in crypto spaceCFTC Chair Russ Behnam joins 'Squawk Box' to discuss the latest in crypto regulation, why Congress needs to act and set up regulatory framework, where the biggest problems are in the crypto world, and more.

Persons: Russ Behnam

[1/5] A Domino's staff member stands next to a sign for a 49-rupee pizza at a restaurant in Noida, India, July 4, 2023. A: With the world's cheapest Domino's pizza. "You are coming to the store or open the app, because there is a 49-rupee callout," he said, adding that Domino's global team supported the plans. Domino's global HQ referred queries about India to its local franchisee. When Khetarpal visited Domino's stores in Chennai and other cities, he said he saw customers emptying out their pockets and only being able to scrape together 49 rupees.

Persons: Adnan Abidi, Sameer Khetarpal, Khetarpal, Merrill Pereyra, They'll, Akshay Jatia, Westlife, It's, Devanshu Bansal, Kiran Raj, Praveen Paramasivam, Aditya Kalra, Saurabh Sharma, Jatindra, Brenda Goh, Hilary Russ, Abhirup Roy, Miyoung Kim, Pravin Organizations: REUTERS, U.S, India, Sapphire Foods, Domino's, Burger King's, Restaurant Brands, Euromonitor, Yum Brands, Global Financial Services, Pravin Char, Thomson Locations: Noida, India, CHENNAI, DELHI, America, Shanghai, San Francisco, Burger, zeroing, Pizza, New Delhi, Chennai, Burger King's India, United States, U.S, Lucknow, Bhubaneswar, New York, Singapore

July 12 (Reuters) - Domino's Pizza (DPZ.N) shares surged 10% on Wednesday after the chain said customers can start using Uber's (UBER.N) Uber Eats and Postmates apps for orders, as it tries to jolt its sluggish delivery business. Domino's said Uber Eats will be its exclusive third-party platform in the U.S. until at least 2024, as per its "global agreement" with the ride-share company. Domino's had been a holdout in working with third-party delivery companies, preferring instead its own app, website and drivers. But being listed on Uber Eats and Postmates means it will now be easier for Domino's to reach new customers used to ordering there. At the same time, Domino's will continue using its own uniformed drivers for deliveries, allowing it to maintain control of its brand, image and food quality.

Persons: Domino's, Uber, Jim Sanderson, Peter Saleh, Angelo Zino, Granth Vanaik, Hilary Russ, Janane Venkatraman, Pooja Desai, Sharon Singleton Organizations: Domino's, CFRA Research, Thomson Locations: U.S, Uber's U.S, United Kingdom, Canada, Australia, Bengaluru, New York

Search resuls for: "Russ"

25 mentions found