DIRS.INFO The most relevant business & tech news

☆ Trump classified documents case differs from Biden, Clinton, Pence issues — here's how
▼ + stars: | 2023-06-15 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +7 min

But what they don't say is that Trump is the only former official who refused to return all the classified documents as soon as he was asked about them. Lawyers for President Joe Biden discovered 10 classified documents in November of last year at an office he used in downtown Washington. Experts say the crucial difference is intent, namely what Trump allegedly did after he learned the National Archives wanted the classified documents he had back. The boxes, the lawyer and the ex-presidentThe DOJ's indictment includes photos of classified documents found at former President Donald Trump's Mar-A-Lago residence. Out of options, the archives referred the missing classified documents case to the Justice Department, which obtained a grand jury subpoena on May 11 for all remaining classified material held by Trump.

Persons: Donald Trump, Trump, Trump's, Clinton, Biden, Joe Biden, United Kingdom Rishi Sunak, Drew Angerer, Hillary Clinton, General Merrick Garland, it's, Mike Pence, Pence, Jon Sale, Donald Trump's Mar, Walt Nauta, Nelson Mullins, Bill Clinton, David Rubenstein, David Kelley, that's, Nauta, hadn't Organizations: WASHINGTON, White, Pence U.S, White House, Getty, State, FBI, Justice Department, National Archives, Justice, DOJ, Mar, Trump ., MSNBC, Bloomberg, Southern, of, PBS Locations: United Kingdom, Washington ,, Washington, Wilmington , Delaware, Pence, Miami, Florida, Mar, Sale, New York, Clinton, U.S, of New York

☆ The message top corporate CFOs are sending directly to Fed presidents isn't a bullish one
▼ + stars: | 2023-06-13 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +9 min

The Fed remains focused on the labor market and cooling wage growth while raising unemployment as the key to bringing hot services inflation down. "I shared with him [a regional Fed president] that they should stop, not pause," said another CFO on the call. "The consumer is being smart," the CFO said, but the Fed focus on bringing unemployment up can break the consumer. "I gave this message to him [a Fed president]: we can manage through this with unemployment below 4%." CFOs said the labor market remains tight and the wage gains, while slowing, have created a higher wage base which can't be turned back.

Persons: Jerome Powell, Drew Angerer, That's, Wall, Randy Kroszner, CFOs, Sara Eisen, Kroszner, it's Organizations: Federal Reserve, Federal, Market, Fed, CNBC, CNBC Fed Survey, Chatham House, Corporations, University of Chicago Booth School of Business Locations: Washington ,

☆ How to land a job with Blackstone, Apollo, KRR, and other private equity titans
▼ + stars: | 2023-06-06 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +6 min

Private equity is often seen as the Holy Grail of finance jobs — but breaking in can be challenging. We also have data on private equity pay and the industry's top recruiters. Here is what we found about pay at private equity firms, including Blackstone, Apollo, and Bain Capital. Private equity recruiting has been starting earlier than ever Getty ImagesPrivate equity firms like to recruit young talent from investment banks. These days, the private equity recruiting process has started earlier than ever, resulting in middle-of-the-night interviews with offers being made — and blown up — all before Labor Day.

Persons: —, bymuratdeniz, Blackstone, Samantha Lee, Drew Angerer, Skye Gould, Jon Gray, Grace Koo, Read, Carlyle, Alex Crisses, Thoma Bravo, Warburg Pincus, Wharton's, Axel Springer Organizations: Blackstone, KKR, Service, Apax Partners, Oaktree, of Foreign Labor, Apollo, Bain Capital, Labor, General Atlantic, PJT Partners, Partners, dealmakers, Wall, University of Michigan Locations: Carlyle, Blackstone, Axel

☆ Chinese apps remain hugely popular in the U.S. despite efforts to ban TikTok
▼ + stars: | 2023-05-29 | by ( Lauren Feiner | ) www.cnbc.com time to read: +15 min

But while TikTok has been the one in the spotlight, other Chinese apps that present similar issues are also experiencing massive popularity in the U.S. Gorman said as the U.S. considers the threat posed by TikTok, it will also need to develop a framework for how to evaluate the relative risk of Chinese apps. But in the meantime, U.S. consumers continue to turn to Chinese apps. "And then of course, there's the early growth of Lemon8, which suggests that the appetite for Chinese apps in the U.S. is still growing." And some say the most effective long-term solution for curbing the use of Chinese apps may be fostering an environment for robust alternatives to grow.

☆ A leaked Amazon generative AI sales playbook shows how the company is going after ChatGPT-maker OpenAI, Microsoft and Google
▼ + stars: | 2023-05-25 | by ( Eugene Kim | ) www.businessinsider.com time to read: +9 min

The strategy is revealed in a detailed internal sales guideline, titled "Generative AI Sales Playbook," obtained by Insider. The guidelines may help Amazon make a stronger push in the generative AI space, where companies including Microsoft, OpenAI, Anthropic, and Google have taken an early lead. 'ChatGPT is a brand new, experimental offering'The guidelines focus on SageMaker's appeal to companies looking to build their own generative AI services. For example, for c-suite executives, Amazon salespeople are told to focus on how generative AI can "improve efficiency by automating operations," the document said. For those with a bit more experience in AI, Amazon salespeople are advised to recommend new generative AI capabilities and AWS offerings to accelerate their development process.

Persons: Bard, SageMaker, JumpStart, Sam Altman Drew Angerer, Sparrow, It's, I'm, haven't, you've, Canva's, Eugene Kim Organizations: Microsoft, Google, Amazon, Stability, AI21 Labs, Amazon Alexa, AWS, Burnham

☆ Microsoft leaps into the AI regulation debate, calling for a new US agency and executive order
▼ + stars: | 2023-05-25 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

For decades, “the rule of law and a commitment to democracy has kept technology in its proper place,” Smith said. Microsoft vice chair and president Brad Smith speaks at the Semafor World Economic Summit on April 12, 2023 in Washington, DC. That framework, which Congress first ordered with legislation in 2020, covers ways that companies can use AI responsibly and ethically. Such an order would leverage the US government’s immense purchasing power to shape the AI industry and encourage the voluntary adoption of best practices, Smith said. Smith’s remarks, and a related policy paper, come a week after Google released its own proposals calling for global cooperation and common standards for artificial intelligence.

Persons: Biden, Brad Smith, Smith, ”, ” Smith, “, OpenAI, Drew Angerer, Joe Biden, Smith’s, ” Kent Walker Organizations: CNN, Microsoft, IBM, National Institute of Standards, Technology, NIST, Google Locations: Washington, China, Europe, United States, —, Washington ,

☆ Biden and McCarthy to meet on the debt ceiling with only 10 days until U.S. risks default
▼ + stars: | 2023-05-22 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +3 min

Biden joined Irish Taoiseach Leo Varadkar, Speaker of the House Kevin McCarthy (R-CA) and other members of Congress for the traditional St. Patrick's Day Friends of Ireland Luncheon. Biden and McCarthy are set to meet at 5:30 p.m. WASHINGTON — White House negotiators and representatives of House Speaker Kevin McCarthy resumed debt ceiling talks Monday morning, as President Joe Biden prepared to meet with McCarthy face to face with only 10 days to go until the U.S. risks default. Biden is hoping to reach a debt limit deal that would push the next deadline out past the 2024 presidential election. But House Republicans, who so far have endorsed only a one-year hike, say that if Biden wants more time, then he will need to agree to even more cuts.

☆ Opinion: How will Russia’s war end? Zelensky’s representative in the US has an unflinching view
▼ + stars: | 2023-05-16 | by ( David A. Andelman | ) edition.cnn.com time to read: +17 min

Ukraine's ambassador to the US, Oksana Markarova, greets Ukrainian President Volodymyr Zelensky as he arrives in Washington on December 21, 2022. From the start, our president has been very vocal, saying that we need to liberate Ukraine within its internationally recognized borders. We heard it also from our strategic partners here, and even at the recent phone call of our president with President Xi. Andelman: So why did President Zelensky recently have a long conversation with Xi Jinping? Andelman: You know President Zelensky very well personally.

☆ Why CEOs are changing directions faster than ever
▼ + stars: | 2023-05-11 | by ( Rebecca Knight | Tim Paradis | ) www.businessinsider.com time to read: +8 min

CEOs are changing their corporate strategies more frequently for many reasons. Some CEOs didn't do the necessary medium- and long-term planning when they made their original decisions, and now they're being forced to backtrack. A new, lightning-fast pace of businessThe rapidly changing business environment makes one thing clear: For CEOs, the day-to-day marathon of running a company feels much more like a sprint. The average compensation in 2021 for CEOs of the top US companies was 399 times that of the average worker. Changing a strategy is one thing, but how a CEO communicates that change is another — particularly because these pivots are likely to happen more frequently.

☆ The $31 trillion debt-ceiling fiasco could punish markets and it's complicating an already complex economic outlook
▼ + stars: | 2023-05-10 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

In any case, one outcome that many hold with a high degree of certainty is that financial markets are going to feel pain if the "x-date" bell tolls. This $31 trillion debt ceiling argument "comes at the worst possible time," according to Chicago Fed President Austan Goolsbee. "Many past instances of debt limit standoffs have been resolved without significant market fallout," the strategists wrote in a recent note. That's according to LPL chief global strategist Quincy Krosby — she says it boils down to these three reasons. With recession risks climbing, Bank of America analysts slashed their 2023 outlook for oil prices.

☆ Republicans dismiss fears that their debt ceiling bill would make the housing crisis worse for 1 million families as 'scaremongering'
▼ + stars: | 2023-05-07 | by ( Eliza Relman | ) www.businessinsider.com time to read: +6 min

House Republicans' debt ceiling bill would cut significant funding from federal housing services. HUD Secretary Marcia Fudge said the agency would suffer "the most devastating impacts in HUD's history" if the funding cuts in the bill are made law. He went on, "It's being positioned as congressional Republicans are heartless because they want to pass these spending cuts. "The House bill reduces spending to the levels we had in 2022. The last I checked, 2022 was not a horrid apocalypse sweeping across our country," Cruz told Insider on Wednesday.

☆ Inside Wells Fargo's 'chaotic' journey to transform its services for the ultrarich
▼ + stars: | 2023-05-04 | by ( Hayley Cuccinello | Reed Alexander | ) www.businessinsider.com time to read: +23 min

In late 2020, some 300 Wells Fargo employees were summoned to a conference call. "I actually welcomed that, although I did like Abbot Downing," he said of folding Abbot Downing into the private bank. One team of legacy Abbot Downing employees with $3.5 billion in assets left for Hirtle Callaghan in June 2021. Today, Ginter runs a registered investment advisor called Callan Family Office, which some former Abbot Downing employees refer to as "the new Abbot Downing." Are you a current or former client of Wells Fargo Private Bank or Abbot Downing?

☆ Lack of Voter Enthusiasm Poses Hurdle for Joe Biden’s Re-Election
▼ + stars: | 2023-05-01 | by ( Aaron Zitner | Sabrina Siddiqui | ) www.wsj.com time to read: 1 min

Joe Biden’s age and relatively low job-approval ratings could fail to generate the fervor needed to get some voters to cast their ballots. Photo: Drew Angerer/Getty ImagesBrett Young voted for President Biden in 2020. Now, as he considers the president’s age and performance in office, he thinks he might sit out the next election and pass on his chance to vote for Mr. Biden again. “I don’t want to be anti-older gentry, but it gets to a point where they don’t know how the average American lives,’’ said Mr. Young, 29, a manufacturing worker in north-central Ohio, who says most of his views are liberal. “I wish they would get someone new.’’

☆ He's played chess with Peter Thiel, sparred with Elon Musk and once, supposedly, stopped a plane crash: Inside Sam Altman's world, where truth is stranger than fiction
▼ + stars: | 2023-04-27 | by ( Melia Russell | Julia Black | ) www.businessinsider.com time to read: +41 min

But, "you do at some point need to start having contact with reality," he told Insider. The plan was still only a rough sketch, Blania told Insider, but that didn't seem to matter to his host. "He always wanted to understand everything at a very deep level," Thrun told Insider in an email. (When asked about guns, Altman told Insider he'd been "happy to have one both times my home was broken into while I was there.") When asked about this, Altman told Insider in an email: "i can guess what that's about; these stories grow crazily inflated over the years of getting re-told!

☆ Sam Altman is building his utopia, whether you want it or not
▼ + stars: | 2023-04-27 | by ( Melia Russell | Julia Black | ) www.businessinsider.com time to read: +41 min

Altman told Insider, "We debate our approach frequently and carefully." "I don't think anyone can lose your dad young and wish he didn't have more time with him," Altman told Insider. Altman told Insider that his thinking had evolved since those posts. (When asked about guns, Altman told Insider he'd been "happy to have one both times my home was broken into while I was there.") When asked about this, Altman told Insider in an email: "i can guess what that's about; these stories grow crazily inflated over the years of getting re-told!

☆ The Risks Brands Take When Touching on Social Issues
▼ + stars: | 2023-04-26 | by ( Suzanne Vranica | Patrick Coffee | ) www.wsj.com time to read: 1 min

Some customers criticized Bud Light for its recent partnership with social media star Dylan Mulvaney. Photo: Drew Angerer/Getty ImagesThe outcry over Anheuser-Busch InBev SA’s partnership with a transgender advocate could cause brands to rethink whether and how they address contentious social issues, putting in question an increasingly common strategy for marketers as they try to reach younger consumers. Anheuser-Busch’s trouble began when the world’s largest brewer enlisted social media star Dylan Mulvaney to help generate some publicity for its Bud Light beer brand during the annual March Madness college basketball tournament.

☆ Fox's not allowing Tucker Carlson to say goodbye to viewers is the equivalent of 'execution' says fired CNN anchor
▼ + stars: | 2023-04-25 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

Tucker Carlson's abrupt ousting from Fox News is more like an "execution," according to a fired CNN anchor. "Not being given a chance to sign off is the television equivalent of an execution," Brian Stelter said in Vanity Fair. Yet Carlson, Fox News' top-rated host, never got the chance to say goodbye to his audience, thanks to his sudden ousting on Monday by the conservative media powerhouse. Advertisements featuring Fox News personalities, including Tucker Carlson, adorn the front of the News Corporation building, March 13, 2019. "The takeaway, at least for some TV insiders, is that Carlson was shoved— hard—by Fox management," Stelter wrote in Vanity Fair.

☆ Democrats say Florida is 'dead for Biden' as his 2024 presidential campaign starts: 'We just need to be realistic'
▼ + stars: | 2023-04-25 | by ( Nicole Gaudiano | Kimberly Leonard | ) www.businessinsider.com time to read: +15 min

"It's like a dead carcass on the side of the road," DeSantis said in April of the Florida Democratic Party. Nearly two decades ago, Florida Democrats were "similarly declared dead, you know, forever, Amen," Schale said, but they rebounded. Wilfredo Lee/AP PhotoDemocrats say they still have spend in FloridaBut it's important for Democrats to still invest campaign resources in Florida, Democratic insiders said. Florida Democratic Party Chair Nikki Fried said the party had no infrastructure and no voter registration drive when she took the helm in February. Joe Raedle/Getty Images, Scott Olson/Getty ImagesBuilding a Democratic benchFried she's optimistic about Florida Democrats' future — and Biden's potential there.

☆ NBCUniversal faces a set of company-defining decisions as CEO Jeff Shell departs
▼ + stars: | 2023-04-24 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Shell announced he was departing the company immediately Sunday after admitting to an inappropriate relationship with an NBCUniversal employee. DiscoveryThe elephant in the room with NBCUniversal is the frequent speculation in media circles that a merger with Warner Bros. Warner Bros. Warner Bros. Warner Bros.

☆ Bidens Paid About $170,000 in Taxes for 2022
▼ + stars: | 2023-04-19 | by ( Ken Thomas | ) www.wsj.com time to read: 1 min

President Biden has continued to seek changes to the nation’s tax policies. Photo: Drew Angerer/Getty ImagesWASHINGTON—President Biden and first lady Jill Biden made $579,514 in adjusted gross income in 2022 during his second year as president, according to their tax returns released by the White House Tuesday. The Bidens filed their tax return jointly and paid $137,658 in federal income tax, with an effective federal income-tax rate of 23.8%. They also paid $29,023 in Delaware income tax, and Dr. Biden paid $3,139 in Virginia income tax.

☆ Everything you need to know as JPMorgan, Citi, Goldman Sachs, and other big banks report earnings
▼ + stars: | 2023-04-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Bank of America and Goldman Sachs come in on Tuesday, with Morgan Stanley bringing up the rear on Wednesday. For a breakdown on the specific numbers, check out Markets Insider and the fantastic 10 Things Before the Opening Bell newsletter. Big banks poured $30 billion into First Republic in the midst of the banking crisis in an effort to shore up the wider market. And what about those pesky shadow banks? Never one to miss a good opportunity, shadow lenders are looking to step up where big banks are stepping back, Bloomberg reported.

☆ Why cutting middle management is a bad idea
▼ + stars: | 2023-04-11 | by ( Emilia David | ) www.businessinsider.com time to read: +4 min

The push to cut middle managers will backfire on tech. Companies like Amazon, Meta, and Salesforce embarked on cost-cutting efforts that "flattened" org charts by removing middle managers, starting a trend across Silicon Valley. Middle managers, or what Meta CEO Mark Zuckerberg calls "managers managing managers," saw their roles shrink in the past year as tech companies focus on "individual contributors," increasingly requiring managers to do coding work themselves. But losing middle managers could also impact team morale and how employees look at their futures in the company. It comes despite Musk recently signing an open letter calling for an industry-wide halt to any AI training for several months.

☆ Inside Nike: Sources share claims of sexism, cheating, abuse at the world's wokest brand
▼ + stars: | 2023-04-05 | by ( Joshua Hunt | ) www.businessinsider.com time to read: +51 min

The conservative blowback came as no surprise to Parker, who told Nike's board of directors to expect some short-term backlash. In late 2014, the BBC sent a film crew to Portland to interview several former Oregon Project employees. "He would be at the side of the track calling out runners' splits but wouldn't call Kara's out," Adam Goucher told me. When people asked why she left the Oregon Project, she said it was a "personal decision." "I don't think it has anything to do with who the CEO is," Goucher told me.

A Manhattan grand jury voted to indict Donald Trump, possibly over a "hush-money" payment. Here's a timeline of Trump and Daniels' alleged relationship, the $130,000 payment to keep Daniels silent, and the testimonies leading to a possible indictment. Markus Schreiber/APManhattan District Attorney Alvin Bragg convened a grand jury in mid-January of this year to consider an indictment against Trump. And Trump's former fixer and lawyer Michael Cohen, prosecutors' key witness, has made repeated visits to the DA's office and to the grand jury. Anna Moneymaker/Getty ImagesThe Manhattan grand jury voted to indict Trump on Thursday, March 30.

Both are owned by Beijing-based parent company ByteDance, but Douyin launched before TikTok and became a viral sensation in China. Like TikTok, it’s a short-form video app. Then in 2017, the privately-owned tech company bought a US-based video startup and released TikTok as the overseas version of Douyin. The download page for the TikTok app displayed on an Apple iPhone. Besides TikTok, there’s also shopping app Temu, fast fashion retailer Shein and video editing app CapCut, which is also owned by ByteDance.

Search resuls for: "Drew Angerer"

25 mentions found