DIRS.INFO The most relevant business & tech news

☆ Trump pollster is already warning his rattled team that Harris is going to jump ahead in the polls
▼ + stars: | 2024-07-23 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +3 min

Read previewBeware the "Harris Honeymoon," a Trump team pollster said in an internal memo. In the message, Tony Fabrizio cautioned that though Kamala Harris will likely see a bump in national polls in the upcoming week, nobody should panic because nothing major has changed for them. Pouring salt on the wound, Harris' campaign announced record fundraising numbers in its first 24 hours and is racking up key endorsements. Related storiesThough it's barely been 48 hours since Biden ended his reelection campaign, some pollsters have already started testing Harris against Trump. Harris' very womanhood may pose a challenge for Trump, who often crosses the line when criticizing women and may alienate female voters.

Persons: —, pollster, Tony Fabrizio, Kamala Harris, Fabrizio, Harris, Biden, JD Vance, Trump, it's Organizations: Service, Trump, Democratic National Convention, Business, Reuters, Democratic Locations: MAGA

☆ ‘Barbie’ Was Supposed to Change Hollywood. Many See ‘No Effect.’
▼ + stars: | 2024-07-22 | by ( Nicole Sperling | ) www.nytimes.com time to read: +1 min

It was the top box office film of the year, earning $1.4 billion worldwide, and it became Warner Bros.’s highest-grossing film ever, outpacing both “Dark Knight” movies, “Wonder Woman” and every chapter in the “Harry Potter” franchise. It was a DayGlo-pink rebuttal to decades of conventional Hollywood thinking, and its success seemed to herald a new paradigm for the film industry. Movies written and directed by women and focused on female protagonists could attract enormous audiences to multiplexes around the world. Yet in the 12 months since the movie’s release, little has changed in Hollywood. The box office is down 17 percent from last year at this time, and studios spooked by a fickle audience (yes to “Twisters,” no to “Fall Guy”) are again questioning the reliability of the theatrical marketplace.

Persons: “ Barbie ”, Harry Potter ”, Guy ”, Barbie ”, Greta Gerwig, Margot Robbie Organizations: Warner Bros, Films, University of Southern California’s, Hollywood Locations: Hollywood

☆ EA college football is back after over a decade. The game and its fans are a lot different now
▼ + stars: | 2024-07-20 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

Courtesy: EA SportsThe 2024 football season officially starts this weekend for many fans, as Electronic Arts rolls out a long-awaited revamp of its college football game. A new eraThe college football game, previously titled NCAA Football, was typically a smaller product for EA, at least compared to titles like Madden. Beyond the gameplay, the changes to the video game also reflect some massive shifts in college football itself, including the advent of the College Football Playoff. A decade ago, college football players had strict restrictions around making money outside of their scholarship. EA Sports College Football 25.

Persons: they've, Anthony Bencomo, Bencomo, Bill Long, Long, Eric Handler, Roth, Madden, Lucas Dolengowski, Dolengowski, Sports Bencomo, I've adulted Organizations: EA, EA Sports College Football, Electronic, XBox, PlayStation, Football, eBay, Sports, College Football, Sports What's Locations: Orlando, Sacramento, Madison , Alabama

☆ The tone of Democratic calls for Biden to step aside has hardened his desire to stay in the race: 'It's like they don't know he's Irish'
▼ + stars: | 2024-07-20 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Read previewSince late Wednesday, President Joe Biden has been hunkered down in Delaware, recovering from his latest bout with COVID-19. "It's like they don't know he's Irish," a Biden family confidant recently told the Post. And it comes weeks after Hunter Biden — who for years has been political fodder for Republicans — was convicted on felony gun charges. Biden has repeatedly reiterated that he has no plans to exit the race, and his family has stood with him on that decision. But should the president change course, the family would also support that decision, according to the Post.

Persons: —, Joe Biden, Biden, Sherrod Brown of, Jon Tester, Hunter Biden, Hunter Biden —, Republicans —, Jill Biden, Axios Organizations: Service, Business, Washington Post, Republicans, Democratic Locations: Delaware, Sens, Sherrod Brown of Ohio, Montana, Georgia, Texas

☆ Yen spikes as spectre of intervention spooks investors
▼ + stars: | 2024-07-18 | by ( ) www.cnbc.com time to read: +2 min

Japan's yen scaled a six-week high on Thursday, spurring speculation of an official push, while the dollar nursed broad losses as markets prepared for U.S. rate cuts in a few months. Japan's yen scaled a six-week high on Thursday, spurring speculation of an official push, while the dollar nursed broad losses as markets prepared for U.S. rate cuts in a few months. "Many traders and Japanese investors, after intervention, were looking to reload on their trades," said National Australia Bank strategist Rodrigo Catril in Sydney. Interest rate markets are pricing more than 60 basis points of U.S. interest rate cuts this year and some 20 basis points of hikes in Japan, narrowing the wide rates gap that had encouraged investors taking on large short positions in the yen. So far this year the yen is the worst-performing G10 currency on the dollar, losing more than 9%, while the yuan is down about 2.2%.

Persons: Rodrigo Catril, Donald Trump — Organizations: . Bank of, National Australia Bank, Bloomberg Businessweek Locations: Asia, . Bank of Japan, Sydney, Japan, Beijing

☆ Ocado upgrades technology arm, sending shares soaring
▼ + stars: | 2024-07-16 | by ( ) www.cnbc.com time to read: +2 min

Britain's Ocado lifted its annual guidance on Tuesday, citing an improvement in the profitability of its warehouse technology business, reassuring investors and sending its shares up by 18%. The group runs an online grocer in Britain through a joint venture with Marks & Spencer and also sells its cutting-edge warehouse technology to retailers around the world. Citi analysts said the share price reaction was to be expected given the upgrades to technology and cash expectations, plus weakness in recent days. It also forecast underlying cash flow would improve by 150 million pounds, ahead of a previous expectation of 100 million pounds, and said liquidity remains strong at 1.05 billion pounds. First-half underlying earnings, or adjusted EBITDA, Ocado's preferred measure, was 71.2 million pounds, up from 16.6 million pounds.

Persons: Britain's Ocado, Spencer, Tim Steiner, I'm, We've, Steiner, Ocado, Sobeys, Kroger, Ocado's Organizations: Marks, Citi Locations: Britain, United States

☆ UK’s most complete dinosaur fossil in a century reveals new species
▼ + stars: | 2024-07-10 | by ( Louis Mian | ) edition.cnn.com time to read: +3 min

London CNN —A previously unknown species of plant-eating dinosaur roamed on an island off the south coast of England around 125 million years ago, new research has found. The bones were found by avid local fossil collector Nick Chase, who died of cancer in 2019. The dinosaur's large pubic hip bone revealed it was a previously unknown species. University of PortsmouthThe researchers were able to determine the skeleton belonged to a new dinosaur species because of unique features, such as its jaw and particularly large pubic hip bone. “Nick Chase’s remarkable find and Jeremy Lockwood’s dedicated research are a testament to the incredible history waiting to be uncovered here,” he added.

Persons: London CNN —, Jeremy Lockwood, Lockwood, ” Jeremy Lockwood, Nick Chase, “ Nick, Mary Anning, ” Lockwood, weathers, we’d, chasei, Chase, Compton, Mike Greenslade, ” Greenslade, “ Nick Chase’s, Jeremy Lockwood’s Organizations: London CNN, University of Portsmouth, Isle of Wight University of Portsmouth, Trust Locations: London, England, United Kingdom, Compton, Isle of, Isle of Wight, Compton Bay

☆ Airbnb host secretly recorded over 2,000 images of guests with his security camera, authorities said
▼ + stars: | 2024-07-10 | by ( Dan Latu | ) www.businessinsider.com time to read: +3 min

Read previewIn the quiet Hill Country town of Comfort, Texas, Airbnb host A. Jay Allee welcomed guests to a rural retreat. During that time, he also secretly recorded images of his guests, according to a CNN investigation into the use of cameras inside short-term rentals. This story is available exclusively to Business Insider subscribers. Airbnb banned indoor security cameras in April. AdvertisementOne woman, who told CNN she was recorded having sex with her husband at Allee's property, said "What is made into digital content is forever."

Persons: —, Jay Allee, Allee, Airbnb, David Wyzynajtys, Wyzynajtys Organizations: Service, CNN, Court, Business, Local Locations: Comfort , Texas, Kendall County

☆ We're hiking our price targets on Meta, Eli Lilly, and 3 other stocks on recent runs higher
▼ + stars: | 2024-07-09 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

AMZN YTD mountain Amazon YTD We begin with Amazon 's move, which has been fueled by strength in its three core businesses. GOOGL YTD mountain Alphabet YTD Alphabet has been gaining steam in recent months on similar cloud tailwinds but also improving sentiment around its AI capabilities. META YTD mountain Meta Platforms YTD Meta Platforms ' stock has fully recovered all of its first-quarter earnings losses. LLY YTD mountain Eli Lilly YTD We are also increasing our Eli Lilly price target – taking it to $1,000 per share from $850. PANW YTD mountain Palo Alto Networks YTD One more stock we're raising our price target for is Palo Alto Networks .

Persons: Eli Lilly, Eli Lilly YTD, There's, donanemab, We're, Jim Cramer's, Jim Cramer, Jim, Beata Zawrzel Organizations: Palo Alto Networks, Amazon, Jefferies, Facebook, Alto Networks, CNBC, Google, Nurphoto, Getty Locations: CIOs, United States, Indiana, Palo

☆ What is China’s ‘monster’ coast guard ship and why is the Philippines spooked by it?
▼ + stars: | 2024-07-08 | by ( Brad Lendon | ) edition.cnn.com time to read: +6 min

“It’s an intimidation on the part of the China Coast Guard,” Tarriela said during a forum on Saturday, according to a Reuters report. Powell and other analysts say intimidation is one of the main jobs of the CCG-5901, which is larger than any regular coast guard ship in the world (a specialty US Coast Guard icebreaker is bigger) and even outsizes US Navy destroyers. The US Coast Guard, for instance, is part of the US Department of Homeland Security, not the Defense Department, although US Coast Guard vessels can come under US Navy control in certain scenarios. The China Coast Guard is part of the country’s People’s Armed Police, which is under the command of the Central Military Commission. The China Coast Guard “doesn’t want to be outdone thus this monster came along to show who’s got a bigger set of muscles,” Koh said.

Persons: ”, Jay Tarriela, Sabina Shoal, Tarriela, BRP Teresa Magbanua, “, ” Tarriela, “ We’re, we’re, Shoal, wasn’t, Ray Powell, SeaLight, ” Powell, Powell, Arleigh Burke, ‘, ” Carl Schuster, Collin Koh, Teresa Magbanua, who’s, ” Koh Organizations: CNN, Philippine, Philippine Coast Guard, China Coast Guard, United, Coast, National Security, BRP, Stanford University, Coast Guard, US, Guard’s National Security Cutters, Chinese Coast Guard, CNN Coast, US Coast Guard, US Department of Homeland Security, Defense Department, Armed Police, Central Military Commission, Analysts, Pacific Command’s Joint Intelligence Center, Guard, Rajaratnam, of International Studies Locations: China, Philippines, Beijing, Manila, South China, Sabina, Spratly, Philippine, Palawan, The Hague, Singapore

☆ What is the NFP and who will be France’s next prime minister?
▼ + stars: | 2024-07-07 | by ( Christian Edwards | ) edition.cnn.com time to read: +5 min

Now, it looks set to win the most seats in the French parliament and could provide France with its next prime minister. The NFP is made up of several parties: the far-left France Unbowed party; the more moderate Socialist Party; the green Ecologist party; the French Communist Party; the center-left Place Publique, and other small parties. Going into the second round, it was not clear who the coalition would nominate to be its prime minister. Its most prominent – and divisive – figure is Jean-Luc Mélenchon, a 72-year-old populist firebrand and longtime leader of the France Unbowed party. Announcing his intention to resign Monday as prime minister, Gabriel Attal said, in an apparent swipe to France Unbowed: “No absolute majority can be led by the extremes.

Persons: Emmanuel Macron, “, Olivier Faure, ”, Emmanuel Dunand, Jean, Luc Mélenchon, France Unbowed, Gabriel Attal, Faure, Louise Delmotte, –, Macron Organizations: CNN, Front, NFP, Socialist Party, Ecologist, French Communist Party, Vichy, Getty, Macron’s, Ifop, Parliament, Hamas Locations: France, Paris, AFP, –, Republic, Republique, Palestinian, Israel, Gaza

☆ Biden tries but fails to turn back rising tide threatening to swamp his reelection bid
▼ + stars: | 2024-07-04 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

I’m not leaving,” Biden declared to spooked campaign staff on a phone call on Wednesday as he searched for an elusive comeback. And even a far more competent damage control effort than the White House and the Biden campaign have mounted so far would have struggled to erase that impression. On Wednesday for instance, the White House picked up Biden’s line that he was jet lagged after two trips to Europe in early June. And Biden had the Democratic governors to the White House. The White House and the campaign said the reports were false.

Persons: CNN —, Joe Biden, Biden, Donald Trump, “, ” Biden, —, CNN’s MJ Lee, Raúl, The New York Times he’d, Lloyd Doggett, Trump, squandering, Karine Jean, Pierre, ” — Biden, Chuck Schumer, Hakeem Jeffries, Nancy Pelosi, James Clyburn, Delaware Sen, Chris Coons, Minnesota’s Tim Walz, Wes Moore, Moore, – Gavin Newsom, Joe Biden’s, there’s, Gretchen Whitmer, Kamala Harris, Annie Grayer, Chris LaCivita, Susie Wiles, Joe, Copilot Kamala Harris, ”, — Biden’s, he’ll, Jeff Zeleny, Jamie Raskin, Debbie Dingell Organizations: CNN, White House, Independence, Democratic, White, ABC News, Democratic Party, Trump, Biden, The New York Times, Texas Rep, New York Times, Siena College, South Carolina Rep, House, Michigan Gov, ”, Michigan Locations: Atlanta, Europe, Arizona, Grijalva, Siena, Wisconsin, Pennsylvania, California

☆ An influential Democratic donor says Biden has 'misplaced trust' in a 'cabal' of 3 top aides
▼ + stars: | 2024-07-03 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Read previewDemocratic megadonor John Morgan has joined the camp of people pointing fingers at President Joe Biden's top aides for his poor debate performance. That group includes Biden's senior advisor, Anita Dunn; her husband, Bob Bauer, Biden's personal attorney; and Biden's former chief of staff, Ron Klain. This story is available exclusively to Business Insider subscribers. AdvertisementAnother longtime Democratic donor, Whitney Tilson, said in a Saturday post on X that he felt "deceived" by Biden's performance. Morgan and representatives for Biden didn't immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, John Morgan, Joe Biden's, Morgan, Anita Dunn, Bob Bauer, Ron Klain, Biden, @katierogers — John Morgan, Harris, Trump, Whitney Tilson, Joe Biden, Tilson, Biden didn't Organizations: Service, Politico, Business, CNN, Biden, Bloomberg, Democratic, Trump, Business Insider

☆ Biden shares huge June fundraising numbers to calm Democrats after debate disaster — but donors remain spooked
▼ + stars: | 2024-07-02 | by ( Alice Tecotzky | John L. Dorman | ) www.businessinsider.com time to read: +1 min

The Biden campaign enjoyed a substantial fundraising haul in June, taking in $127 million. Biden's campaign is aiming to use the sustained fundraising figures to calm the nerves of anxious donors. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Of the significant haul, $38 million came in the four days following the president's disastrous debate against Trump, according to the New York Times. While Biden is pointing to the cash influx to calm anxieties about his candidacy following his widely panned debate performance against former President Donald Trump, deep-pocketed donors remain on edge.

Persons: —, Joe Biden's, Biden, Donald Trump Organizations: Biden, Service, Democratic National Committee, Trump, New York Times, Business

☆ Military horses bolt through London streets again
▼ + stars: | 2024-07-01 | by ( Lauren Said-Moorhouse | ) edition.cnn.com time to read: +1 min

CNN —Three military horses from the prestigious Household Cavalry have been recovered after bolting through central London on Monday morning. In scenes that appear to be similar to an instance in April, five soldiers were conducting a routine exercise with six horses from the Household Cavalry Mounted Regiment, when the lead horse was spooked by a London bus. Along with the lead horse, which was being led rather than ridden at the time, two riders were thrown from their horses as the animals ran free through the capital’s streets. “We can confirm that whilst exercising this morning, three horses from the Household Cavalry Mounted Regiment became loose from their riders. “One horse received minor injuries, but no further treatment is required and there were no injuries to the soldiers involved,” the statement added.

Persons: ” Organizations: CNN, Household Cavalry, Household Cavalry Mounted Regiment Locations: London

☆ Tom Lee stands by $150,000 bitcoin forecast, says 10-year Mt. Gox overhang should disappear in second half
▼ + stars: | 2024-07-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Fundstrat's Tom Lee is standing by his $150,000 forecast for bitcoin despite recent weakness in the cryptocurrency. Bitcoin has been stuck in a tight trading range between $60,000 and $70,000 since it touched an all-time high of about $73,000 in March. Gox starting distributions in July – that was a huge overhang for many years," Lee told CNBC's " Squawk Box " Monday morning. BTC.CM= 1M mountain Bitcoin's recent weakness On June 24, the trustee of the now defunct Mt. Additionally, the U.S. and German governments sent large amounts of previously seized bitcoin to exchanges at the end of June, further driving the coin's recent weakness.

Persons: Fundstrat's Tom Lee, Bitcoin, Bitcoin's, Lee, CNBC's, I'd, bitcoin Locations: Mt, U.S

☆ France's far right looks headed for victory in the first round at the polls. Here's what that means
▼ + stars: | 2024-06-28 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +4 min

Nurphoto | Getty ImagesWith just days to go until France's snap parliamentary election kicks off, victory for the far right looks increasingly likely in the first phase of the two-stage runoff. But predicting the outcome of France's final vote on July 7 is less clear-cut, given the complexity of France's voting system. Voter turnout for the national election is also expected to be larger — and therefore more representative — than the 51% who cast their ballot in the EU vote. With that in mind, analysts see a 30% to 40% chance of the National Rally winning the 289 seats needed to secure an absolute majority in the 577-seat National Assembly. A majority government for either the far-right or the ultraleft alliance, meanwhile, could spark a far more dramatic outcome.

Persons: Jordan Bardella, Emmanuel Macron's, Schmieding, — Organizations: National, Palais des Sports, Nurphoto, Elabe, CNBC, Macron, National Rally, National Assembly, Berenberg Bank, Citi Locations: French, Le, Paris, France

☆ France's shock election has rattled nerves and raised debt crisis talk
▼ + stars: | 2024-06-27 | by ( Jenni Reid | ) www.cnbc.com time to read: +6 min

Poster of Christophe Versini for the Rassemblement National (National Rally) party, with Marine Le Pen and Jordan Bardella on it, on June 24, 2024. Recent polling suggests the far-right Rassemblement National (RN, or National Rally) party, led by Jordan Bardella, could win the most seats in the National Assembly, followed by the left-wing alliance Nouveau Front Populaire (NFP, or New Popular Front). French bond yields — which move inversely to prices — have been relatively contained. Even then, he added, the spread of French bond yields over their German counterparts looked set to remain higher than before Macron called the election. There is little concern over France enacting its own "Frexit," he said, with even National Rally having moved away from actively proposing leaving the euro area or the European Union.

Persons: Christophe Versini, Jordan Bardella, Magali Cohen, Emmanuel Macron, Sunday's, Giorgia Meloni, Viraj Patel, Patel, Liz, Truss, Andrew Kenningham, Macron, Kenningham, François Mitterrand, Christian Keller, CNBC's, Keller Organizations: Rassemblement National, Afp, Getty, National Assembly, Societe Generale, BNP, Vanda Research, Capital Economics, European Central Bank, Bank of England, Barclays, European Union Locations: Germany, Italy, Europe, France, Britain

☆ What Rivian's venture with Volkswagen means for the EV maker, broader auto industry
▼ + stars: | 2024-06-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Rivian 's latest partnership with Volkswagen could prove a major boon for investors and the broader auto industry, according to some Wall Street analysts. As part of the plan, Volkswagen will inject $1 billion, followed by an additional $4 billion investment planned by 2026. RIVN 1D mountain Shares pop on Volkswagen venture But Wall Street views the deal as a potential turnaround opportunity that can help limit execution risks and uncertainties surrounding funding that have spooked investors in recent months. Big wins for the auto industry While the venture justifies Rivian's strategy, some on Wall Street anticipate potential big wins for the broader auto industry. He added that the venture also highlights the need for proprietary electronic control units and software.

Persons: Rivian, John Murphy, Ryan Brinkman, Dan Levy, Levy, Wells, Colin Langan, Morgan Stanley's Adam Jonas, Jonas, Tesla, Piper Sandler, Alexander Potter, America's Murphy Organizations: Volkswagen, Bank of America, JPMorgan, Barclays, Bank, Lucid Group Locations: China

☆ A veteran fund manager who's more than quadrupled the S&P 500's return in the last 32 years explains how he finds deeply undervalued stocks — and shares how he made one of his best trades ever
▼ + stars: | 2024-06-26 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Stocks often trade above or below their fair value, which means active managers who choose stocks wisely can score huge eye-popping returns. "What we're really looking for is opportunities where that dollar can also compound to be two, four, 10," Robotti said. "People say, 'Oh, who cares if you buy a cheap stock, the market just won't ever pay attention. When the economics of a business — even if people hate that business — are extremely strong, the stock follows." "If you bought it at 20 cents on the dollar and it doubles, you don't sell it at 40 cents on the dollar," Robotti said.

Persons: —, Bob Robotti, Robotti, that's, couldn't, James Carville, people's, he's Organizations: Service, Cornell, P Global, Business, drillers, Tidewater, GulfMark, Swire Pacific Locations: Houston

☆ Kevin, world’s tallest male dog, dies shortly after securing record
▼ + stars: | 2024-06-25 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —The world’s tallest male dog, a Great Dane named Kevin, has died just days after his title was announced, Guinness World Records (GWR) said on Monday. His family, who live in West Des Moines, Iowa, have been left “devastated,” his owner Tracy Wolfe said in GWR press release. from Guinness World Records“I don’t think he’s aware he is as big as he is,” Tracy said earlier this month. Eventually, he was named the world’s tallest male dog, taking over the title from fellow Great Dane Zeus who also died aged three in September, after suffering from bone cancer. Great Danes have relatively short life expectancies compared to smaller dogs, living for an average of 8-10 years, and males are typically about 2.5 feet (0.76 meters) tall, according to the American Kennel Club.

Persons: Great Dane, Kevin, “, Tracy Wolfe, Roger Wolfe, Tracy, Alexander, ” Tracy, “ He’s, ”, Great Dane Zeus, Danes Organizations: CNN, Guinness World Records, GWR, Guinness, American Kennel Club Locations: West Des Moines , Iowa

☆ Pet donkey spotted living with wild elk herd five years after his disappearance
▼ + stars: | 2024-06-20 | by ( Scottie Andrew | ) edition.cnn.com time to read: +3 min

“He’s not aggressive, he’s a lover,” Terrie Drewry told CNN affiliate KOVR in 2019, days after Diesel’s great escape. “Finally we saw him,” Drewry told KOVR this month after the Instagram video began making headlines. On a hunting trip in March, Fennell stumbled upon the elk herd — and was stunned to see a donkey among them. Diesel and Dave Drewry Courtesy Terrie and Dave DrewryDrewry suspects that, if the donkey Fennell spotted is indeed Diesel, he’s merely doing his donkey duty and protecting his deer friends. And the donkey in Fennell’s video appears to be thriving in the wilderness, with friends by his side.

Persons: “, ” Terrie Drewry, Diesel’s, ”, Diesel, Drewry, ” Drewry, KOVR, Dave, Max Fennell, Fennell, disbelieving Fennell, ” Fennell, I’m, Dave Drewry, Dave Drewry Drewry, he’s, won’t, “ He’s Organizations: CNN, KOVR, Diesel, Land Management Locations: Sacramento , California, California, Sacramento

☆ AI stock frenzy resembles dot-com bubble and may explode disastrously, experts warn
▼ + stars: | 2024-06-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Experts say the AI mania has shades of the dot-com and housing bubbles and could end painfully. AdvertisementExperts say the frenzy around AI stocks resembles the last two major market bubbles — and could end in disaster if investors get spooked. "This is the goofiest and likely most dangerous concentration of overvaluation I've seen in 34 years investing and throughout financial history," Bloomstran said. Some experts have compared Nvidia to Cisco, the network hardware company whose stock ballooned during the dot-com bubble before ultimately crashing. No one can predict if the AI craze will end with a devastating crash like the dot-com and housing bubbles, or usher in a new market regime led by Nvidia and its kin.

Persons: —, Nathan Burks, Adetokunbo Fadahunsi, Ann Marie Hibbert, Burks, Hibbert, Chris Bloomstran, Semper Augustus, I've, Bloomstran, John Chambers, Robert Galbraith, it's Organizations: Service, George Mason University, Big Tech, Nvidia, Microsoft, Cisco, REUTERS, Wall Street Journal Locations: West Virginia

☆ French stocks face worse to come from political risk, Goldman strategists say
▼ + stars: | 2024-06-18 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

French stocks are likely to take a further beating from political risk in the weeks and months ahead, but the impact will be focused in certain areas, according to strategists at Goldman Sachs. Along with an equity sell-off, borrowing costs climbed and the spread between French and German 10-year bond yields widened by 25 basis points. Goldman strategists expect that spread to remain wide in the coming weeks. "This would likely maintain the pressure on French domestic stocks, especially Banks, which are highly sensitive to sovereign spreads," Goldman strategists said in a research note published Friday. French domestic big names include supermarket chain Carrefour , construction firm Vinci and utility Engie , while its internationally oriented juggernauts include the likes of LVMH , L'Oreal and Remy Cointreau .

Persons: Goldman Sachs, Liz, Goldman, Banks, Vinci, Remy Cointreau Organizations: CAC, L'Oreal Locations: Carrefour

☆ Europe stocks set to open mixed as investors look ahead to Bank of England decision later this week
▼ + stars: | 2024-06-17 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Commuters crossing a junction near the Bank of England (BOE), left, in the City of London, UK, on Wednesday, May 8, 2024. Photographer: Hollie Adams/Bloomberg via Getty ImagesLONDON — European markets are set to open mixed as investors attempt to shake off negative sentiment from last week and look ahead to the latest interest rate decision from the Bank of England. Investors are looking ahead to the Bank of England's policy rate decision on Thursday. In Asia-Pacific, markets were mixed on Monday as the region assesses key economic data out from China. U.S. stock futures were little changed on Monday morning as traders start a holiday-shortened week.

Persons: BOE, Andrew Bailey, Hollie Adams, Emmanuel Macron's Organizations: Bank of England, City of, Bloomberg, Getty, CAC, Bank of, Reuters Locations: City, City of London, Italy, Asia, Pacific, China . U.S

Search resuls for: "spooked"

25 mentions found