DIRS.INFO The most relevant business & tech news

☆ Netflix earnings need to justify runup in stock. What analysts see for subscribers, ad tier
▼ + stars: | 2024-10-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Analysts surveyed by LSEG expect Netflix earnings to come in at $5.12 per share, while revenue should hit $9.769 billion. In the second quarter, Netflix earned $4.88 per share on $9.56 billion in revenue. Along with solid numbers for the quarter just ended, other analysts believe Netflix also has to raise prices to appease shareholders. Citigroup's Jason Bazinet says price hikes are warranted at Netflix due to strong engagement trends and competitors' own price increases. A ramping ad-tier Finally, Wall Street is keeping close watch on the advertising tier business Netflix rolled out in November 2022.

Persons: Evercore, Mark Mahaney, Citigroup's Jason Bazinet, Goldman Sachs, Eric Sheridan, Deutsche Bank's Bryan Kraft, Wells, Steven Cahall, Kannan Venkateshwar, NFLX, Alan Gould, Piper, Matt Farrell, Doug Anmuth, Morgan Stanley, Benjamin Swinburne, Alicia Reese Organizations: Netflix, Wall, LSEG, StreetAccount, Deutsche, Barclays, Wednesday's, JPMorgan

☆ Rates won't be cut at an aggressive pace — here's how to position, according to strategists
▼ + stars: | 2024-10-16 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

U.S. interest rate cuts are unlikely to move at an aggressive pace, say market watchers. The Fed kicked off its easing cycle with a jumbo 50 basis-point rate cut in September — but subsequent ones will be milder, they said. They highlighted the better-than-expected September jobs report, renewed worries around inflation, rising yields and an economy that's still relatively strong. How to position In that scenario — and with inflation expected to continue being sticky, it's important that investors still have exposure to commodities, said Landsberg. Christopher of Wells Fargo said if interest rates moderate and earnings are stronger than expected, market performance will broaden out further.

Persons: —, Paul Christopher, CNBC's, Adam Coons, Michael Landsberg, Landsberg Bennett, Landsberg, Christopher, Wells Fargo, Luis Alvarado, Alvarado Organizations: Fed, Wells, Wells Fargo Investment Institute, Winthrop Capital Management, Wealth Management Locations: Wells Fargo, U.S

☆ UK inflation falls sharply to 1.7%, below Bank of England's target for first time in over three years
▼ + stars: | 2024-10-16 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

The Canary Wharf business district is seen in the distance behind autumnal leaves on October 09, 2024 in London, United Kingdom. LONDON — Inflation in the U.K. dropped sharply to 1.7% in September, the Office for National Statistics said Wednesday. Economists polled by Reuters had expected the headline rate to come in at a higher 1.9% for the month, in the first dip of the print below the Bank of England's 2% target since April 2021. Inflation has been hovering around that level for the last four months, and came in at 2.2% in August. Core and services inflation are key watch points for Bank of England policymakers as they mull whether to cut interest rates again at their November meeting.

Persons: Price Organizations: National Statistics, Reuters, Bank of England's, Bank of England Locations: Wharf, London, United Kingdom

However, if you want the convenience of a cordless vacuum with suction that rivals the best vacuum cleaners, the LG CordZero All-in-One Auto-Empty Cordless Vacuum is a worthwhile splurge. LG CordZero All in One Cordless Stick Vacuum The LG CordZero All-in-One is a powerful cleaning tool that comes with a variety of handy attachments, including a self-emptying base and mopping attachment. Weighing about seven pounds, it's not the lightest model I've ever used, but this cordless vacuum is one of the most well-balanced. Camryn Rabideau/Business InsiderI tested the LG CordZero All-in-One Vacuum at my home for more than two months, and it had its work cut out for it. If you like the idea of a cordless vacuum that can also mop, another option is the Dyson V15s Submarine.

Persons: it's, Camryn, Dyson, that's, Jaclyn Turner, Read, LG CordZero Organizations: Business, LG, Amazon, Shark

☆ Considering getting flood insurance after Milton and Helene? Here’s what to expect
▼ + stars: | 2024-10-15 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

Still, “lack of flood insurance is the largest insurance coverage gap we see across the United States,” he said. Here’s what you’re likely to encounter if you’re shopping around for flood insurance policies. Flood insurance 101Homeowners with mortgages are almost always required to have home insurance by their lenders. Most flood insurance is offered through the federally backed National Flood Insurance Program, a part of the Federal Emergency Management Agency. The NFIP estimates that more than 40% of NFIP flood insurance claims come from outside high-risk flood zones.

Persons: Helene, Mark Friedlander, ”, Rebecca Blackwell, policyholders, Melissa Sue Gerrits, Friedlander, Andy Neal, Milton, Neal, Scott Hawkins, ” Hawkins Organizations: New, New York CNN, Insurance Information Institute, CNN, Flood Insurance, Federal Emergency Management Agency, AP, FEMA Locations: New York, North Carolina, United States, Gulf, Mexico, Hurricane Milton, Englewood , Florida, Swannanoa , North Carolina

☆ Dollar at over two-month high, yen near 150 per dollar
▼ + stars: | 2024-10-15 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar was perched at an over two-month high against major currencies on Tuesday, spurred by wagers the Federal Reserve will proceed with modest rate cuts in the near term, while the yen inched closer to the key 150 per dollar level. The U.S. dollar was perched at an over two-month high against major currencies on Tuesday, spurred by wagers the Federal Reserve will proceed with modest rate cuts in the near term, while the yen inched closer to the key 150 per dollar level. The U.S. central bank kicked off its easing cycle with an aggressive 50 basis points at its last policy meeting in September. The dollar got a lift after Fed Governor Christopher Waller on Monday called for "more caution" on interest rate cuts ahead, citing recent economic data. That has cast doubts over when Japan's central bank will next tighten policy.

Persons: Christopher Waller, Waller, Chris Weston, Kazuo Ueda, Shigeru Ishiba, Tony Sycamore Organizations: U.S, Reserve, European Central Bank, Fed, Traders, Boeing, Bank of Japan, New Zealand, Caixin Global, Treasury, IG, China National, Congress Locations: U.S, Japan, China

☆ Even the strongest pillar of the Chinese economy is showing signs of weakness
▼ + stars: | 2024-10-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

China's export growth slowed in September, raising concerns about future economic stability. China may delay further economic stimulus ahead of the US election, anticipating potential tariffs. The market had expected China's exports to grow 6% on-year in September, according to a Reuters' poll of economists. AdvertisementThe timing of the decline in China's exports also came at an untimely moment — weeks before the US presidential election. Beijing has rejected this view, saying the West's accusations are protectionist and aimed at containing China's economic growth.

Persons: —, hasn't, Lu Daliang, Donald Trump, Rory Green, GlobalData.TS Lombard, Green Organizations: Service, Reuters, EU, Administration of Customs, Nomura, BofA Securities, Republican, Authorities, Trump, US Locations: China, Japan, South Korea, Beijing

☆ We're about to enter the Digital Dark Ages
▼ + stars: | 2024-10-15 | by ( Adam Rogers | ) www.businessinsider.com time to read: +11 min

Without laborious renaming, everything behind those links — billions of them, a decade of digital content — will become inaccessible. We're about to enter the Digital Dark Ages. The Department of Veterans Affairs is legally required to preserve all medical records for 75 years after the death of a vet — but it's having problems, in part because of a balky digital records system. "Over the long term, you can't preserve a digital object in its original form," says Manoff, the former MIT librarian. The Dark Ages, as historians used to call the early centuries of medieval Europe, lasted for 500 years.

Persons: Mark Graham, Graham, we're, Marlene Manoff, Loren McClenachan, McClenachan, we'd, Adam Rogers Organizations: Google, Companies, of Alexandria, New York Times, Pew Research Center, Gawker, Los Angeles Herald Examiner, New York Newsday, Paramount, MTV, Comedy, Yahoo Groups, Yahoo, Facebook, Penguin, AOL, Prodigy, Department of Veterans Affairs, Wayback, Wayback Machine, MIT Libraries, Scripps Institution of Oceanography, MIT, Business Locations: Friendster, Key West , Florida, Europe

☆ 5 reasons why inflation will be stickier than expected going forward, Deutsche Bank says
▼ + stars: | 2024-10-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Investors need to be wary as sticky inflation remains a risk, Deutsche Bank says. But it's not yet time for investors to relax, Deutsche Bank wrote on Monday. "If inflation does return, this could have very important implications for markets," Deutsche Bank strategists said. While that much is true, history shows that easing cycles are precisely the time to be cautious over inflation, Deutsche said. The firm cited the fact that in August, US M2 money supply rose 2.0% year-over-year, the highest growth rate since September 2022.

Persons: —, Brent, Deutsche Organizations: Deutsche Bank, Service, Federal Reserve, Deutsche, Atlanta Locations: China, Israel, Iran, Iranian

☆ Trump's crypto coin goes on sale with Election Day just three weeks out
▼ + stars: | 2024-10-14 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +6 min

World Liberty Financial is separate and apart from Trump Media & Technology Group , the parent company of social media platform Truth Social. Trump Media, known by ticker symbol DJT, started trading in March, after going public through a special purpose acquisition company (SPAC). On Tuesday, the former president and current Republican nominee aims to launch WLFI, the token accompanying his new crypto project called World Liberty Financial. Trump owns about 57% of DJT's outstanding shares, but his potential control over World Liberty Financial is more opaque. Folkman added that WLF would publish the "long-awaited" roadmap for the project on Tuesday, in tandem with the token sale.

Persons: It's, that's, they're, Trump, Donald Trump, Zachary Folkman, Donald J, Folkman, it's, WLF, Stani Kulechov, Kulechov, Monday's Organizations: Liberty, Trump Media & Technology Group, Trump Media, CNBC, Republican, Nasdaq, Truth Social, SEC, Trump, Finance, Liberty Financial, Permissionless Locations: New York City, U.S, DeFi, Salt Lake City , Utah

☆ A Professor Made Porn. His Firing May Shape the Future of Free Speech
▼ + stars: | 2024-10-13 | by ( Hallie Lieberman | ) www.businessinsider.com time to read: +13 min

Can a tenured professor be fired for making porn? "We don't want to be known as Porn U," said Betsy Morgan, who replaced Gow as interim chancellor. Leitner presented Gow's videos as part of his broader advocacy of nonmonogamy. The regents, Gow said, "are willing to fire me for the short-term goodwill they get with the far right." He puts Gow's online porn in the same category as "posting inflammatory personal, political opinions on social media."

Persons: Joe Gow, Carmen Wilson, —, Gow, Wilson, It's, Zach Greenberg, Betsy Morgan, Morgan, Tom Ginsburg, He's, Gow's, Wade Harrison, Roe, Donald Downs, Simone Lueck, undergrads, Harrison, Jay Hart —, Tom, Jerry Bui, Bui, unswayed, Mark Leitner, Leitner, Banner, Keith Whittington Harrison, Dr, Aweek, he's, Keith Whittington, they've, McCarthy Organizations: University of Wisconsin, UW, La, Foundation, Rights, Forum, Free, University of Chicago, Diego, Republican, Academia, Yale, Freedom Alliance, University Locations: La Crosse, Mississippi, America, Wisconsin, Onalaska, San Diego, foreplay, Madison, Milwaukee, Yale

☆ Inflation reports from this week should allow the Fed to stay on track with rate cuts
▼ + stars: | 2024-10-11 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Investors who fear stubborn inflation, if not an outright rebound, got a bit of a salve on Friday morning. Wholesale prices showed no change month over month for September, coming in below expectations. The producer price index report may help offset some of the slight concerns about Thursday's consumer price index report, which was a bit hotter than expected. The personal consumption expenditures price index for September will be released on Oct. 31. "We think the Fed is really still on track to cut 25 [basis points] at each of the next two meetings," Seif added.

Persons: David Seif, Seif, Wells Organizations: Nomura Securities, Fed, PPI, Traders, JPMorgan Chase, BNY Mellon Locations: Wells Fargo

☆ The Atlantic is expanding its print magazine as it surpasses 1 million subscribers
▼ + stars: | 2024-10-11 | by ( Brian Stelter | ) edition.cnn.com time to read: +3 min

New York CNN —The Atlantic is doing something exceedingly unusual for a magazine in 2024: increasing the number of issues it prints. Most of those subscribers receive both the print and digital editions of the magazine, and Goldberg has been eager to expand its print frequency. “We want to meet our readers where they are, and our readers love the print magazine,” he said. “The greatness of print and especially a print magazine is that it sits still for you,” Goldberg said. “I’ve never believed that resting on our laurels was an option, for more than a long weekend,” Goldberg told The Atlantic’s staff in a memo.

Persons: Jeffrey Goldberg, Laurene Powell Jobs, Goldberg, ”, ” Goldberg, “ I’ve Organizations: New, New York CNN, CNN Locations: New York

☆ Stock market today: Indexes hit records and notch 5-week win streak after upbeat earnings, cool inflation
▼ + stars: | 2024-10-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

JPMorgan and Wells Fargo reported strong earnings that eased fears of a consumer slowdown. September's producer price index was flat, calming inflation concerns amid rising yields. JPMorgan CEO Jamie Dimon praised his bank's performance in the earnings release but warned that geopolitical conditions are "treacherous and getting worse." AdvertisementApart from earnings results, retail sales data, set to be released on October 17, is the next big data release for investors to watch. Here's where US indexes stood at the 4:00 p.m. closing bell on Friday:AdvertisementHere's what else is going on:In commodities, bonds, and crypto:

Persons: Dow Jones, Wells, —, Wells Fargo, Jamie Dimon, Dimon, David Russell Organizations: JPMorgan, Service, Dow Jones, PPI, Business, Bank of America

☆ Dollar bulls suffer setback as traders add to Fed cut bets
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar fell from two-month highs hit overnight versus its major peers after signs of weakness in the labor market boosted the case for quicker Federal Reserve rate cuts. Bets for a quarter-point Fed rate cut on Nov. 7 increased to 83.3% from 80.3% a day earlier, with the remaining odds for policy to stay steady, according to the CME Group's FedWatch Tool. A week earlier, there was a 32.1% chance of a half-point reduction and 67.9% probability of a quarter-point cut. The dollar added 0.06% to 148.68 yen , inching back towards Thursday's high of 149.58 yen, a level previously not seen since Aug. 2. The Australian dollar held firm at $0.67395 after rebounding from its lowest since Sept. 16 at $0.6702 on Thursday.

Persons: Tapas Strickland, Austan Goolsbee, Raphael Bostic Organizations: U.S, Treasury, National Australia Bank, Fed, Chicago Fed, Atlanta Fed Locations: China

The Democratic National Committee has launched an "informational campaign" that includes bilingual billboards across the city ahead of Vice President Kamala Harris’ Univision town hall in Las Vegas on Thursday night. The campaign directs Latino voters and union members to check their registration status and look at options on how to cast their ballots through IWillVote.com and VoyAVotar.com. The majority of U.S. labor unions have endorsed Harris though many union members support Trump. “Nevada’s Latino and union voters have the power to decide who wins the Silver State in November,” DNC spokesperson Marco Frieri said in a statement. Latino voters are a critical voting bloc and can swing outcomes in battleground states across the country including Nevada, Arizona and Pennsylvania.

Persons: Kamala Harris, El Sol, Harris, Donald Trump, ”, Marco Frieri, ” Harris, Trump, George W, Bush, Barack Obama, Hillary Clinton, Joe Biden Organizations: Democratic National Committee, Univision, DNC, NBC News, VoyAVotar.com, Trump, Union, State, CNN, Democrats, Telemundo, CNBC Locations: Las Vegas, El, Nevada, IWillVote.com, U.S, Miami, Hurricane Milton, Nevada , Arizona, Pennsylvania

PHOENIX — Republican Kari Lake and Democratic Rep. Ruben Gallego faced off in Arizona’s feisty first and only Senate debate Wednesday evening, trading shots over the border, abortion, tax policy and more. Lake has long made the border a cornerstone of her campaign, chastising Gallego for supporting the Biden-Harris administration’s immigration policies. Gallego, in turn, has made the bipartisan border bill that Trump and Lake opposed a big part of his campaign. “He acts like he cares about us,” Lake said of Gallego, “speaking directly to the women” watching the debate. Talking to the media immediately after the debate, Gallego said: “She needs to be loud, she needs to lie because she’s weak.

Persons: Kari Lake, Ruben Gallego, ” Gallego, Lake’s, “ We’re, Gallego, Lake, Donald Trump, Donald Trump doesn’t, Trump, “, “ Trump, Kamala Harris, Harris, hasn’t, ”, Laken Riley, —, ” “, Sen, Kyrsten Sinema, Democratic Sen, Chris Murphy, GOP Sen, James Lankford, chastising Gallego, Arizonans, ” Lake, it’s, Katie Hobbs Organizations: PHOENIX, Democratic Rep, Progressive Caucus, ”, Lake, Arizona Republicans, Trump, Senate, “, Washington , D.C, NBC, Democratic, GOP, Biden, Border Patrol, UVF Locations: Arizona, Washington ,, Mexico, Georgia, Connecticut, James Lankford of Oklahoma

☆ If you manage your own money, stop obsessing over numbers like today's CPI print, says Jim Cramer
▼ + stars: | 2024-10-10 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf you manage your own money, stop obsessing over numbers like today's CPI print, says Jim Cramer'Mad Money' host Jim Cramer looks at the market impact of today's CPI print.

Persons: Jim Cramer

☆ Bad time for investors to take risks, says Wells Fargo's Macro Strategy Head
▼ + stars: | 2024-10-10 | 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 EmailBad time for investors to take risks, says Wells Fargo's Macro Strategy HeadMichael Schumacher, Wells Fargo Securities Head of Macro Strategy, joins 'Fast Money' to talk the market's reaction to today's CPI print.

Persons: Wells, Michael Schumacher Organizations: Wells, Wells Fargo Securities, Macro, CPI Locations: Wells Fargo

☆ Jim Cramer talks why bad econ data can distract you from buying opportunities
▼ + stars: | 2024-10-10 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer talks why bad econ data can distract you from buying opportunities'Mad Money' host Jim Cramer looks at the market impact of today's CPI print.

Persons: Jim Cramer

☆ He flies business and first class multiple times a year — all on credit card points
▼ + stars: | 2024-10-10 | by ( Lim Hui Jie | Jan Camenzind Broomby | ) www.cnbc.com time to read: +4 min

A business class ticket can cost up to five times more than an economy ticket on Singapore Airlines — and a whopping 13 times more for a first-class one. A business class ticket jumps to SG$6,300, and a first-class ticket just over SG$13,000. Aaron Wong, who flies first and business class when he travels, says: "You don't need to be rich to enjoy such things." However, it's not as simple as just picking up any mile-earning credit card and spending a bunch of money, he said. For example, in Singapore, points earned on DBS credit cards can be combined, but credit cards from Citibank Singapore don't work that way.

Persons: —, Aaron Wong, Wong, it's, Miles Organizations: Singapore Airlines —, Singapore Airlines, Singapore Changi, Cape Town, DBS, Citibank Singapore don't Locations: Singapore, London, Tokyo Haneda, Perth, Cape

☆ Stock market today: Indexes close lower after CPI shows sticky inflation in September
▼ + stars: | 2024-10-10 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Indexes slipped Thursday as investors priced in a higher-than-expected inflation reading. The data raises the possibility of a "no landing" scenario for the US economy. AdvertisementStocks fell on Thursday from records reached in the previous session, as traders took in a sticky inflation reading for September. September consumer price index data released on Thursday showed inflation rose 2.4% year-over-year, slightly above consensus forecasts of a 2.3% rise. AdvertisementThe core CPI reading, which excludes more volatile food and energy costs, was up 3.3% year-over-year and just above forecasts of 3.2%.

Persons: —, Stocks, Hurricane Milton, Jamie Dimon, Buffett Organizations: Traders, Service, Dow Jones, Nasdaq, Dow, CPI, Federal Reserve, Bank of America, Investors, Labor Department, Here's, Insurance Locations: Hurricane

☆ A warm or in-line CPI print may slow the cutting cycle, says Damped Spring's Andy Constan
▼ + stars: | 2024-10-09 | 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 EmailA warm or in-line CPI print may slow the cutting cycle, says Damped Spring's Andy ConstanAndy Constan, Damped Spring Investors, joins 'Fast Money' to talk Treasury yields climbing, the markets reaction to the latest FOMC minutes, and more.

Persons: Andy Constan Andy Constan

☆ Georgia group that pushes election misinformation gains influence
▼ + stars: | 2024-10-09 | by ( Curt Devine | Donie O'Sullivan | ) edition.cnn.com time to read: +14 min

As an example, he cited his inability to review ballots from the 2020 election. If the system is secure, they would have produced the paper ballots,” Favorito said. Favorito has also made connections with election officials around Georgia, some in Republican-leaning districts. Still, after Donald Trump lost the presidency, VoterGA began peddling claims that “significant evidence of fraud” existed in Georgia’s 2020 election. Favorito and VoterGA have made connections with others in the national movement that has cast doubt on the 2020 election.

Persons: Garland Favorito, VoterGA, they’ve, Favorito, Michael Flynn, ” Gabriel Sterling, ” Favorito, John F, Favorito’s, US Sen, David Perdue, Garland, Matt Hamilton, Holden, ”, ” Holden, “, David Hancock, ” Megan Bellamy, “ We’re, Joseph Kirk, Travis Doss Jr, Doss, Bill Clinton, Clinton, Israel, President Kennedy, Robert, Israel’s, CNN “, ” Garland, Donald Trump, Patrick Byrne, Overstock.com, Doug Logan, Cleta Mitchell, Flynn, Sterling, ” Sterling, Trump, ” CNN’s Sean Clark Organizations: CNN, Peach State, Republican, Trump, “, CIA, Georgia Capitol, US, Chattanooga Times Free Press, Facebook, Georgia, The Atlanta, ”, America, JFK Jr, Southern Poverty Law Center, Nazi, Favorito, Georgia Bureau of Investigation, FBI, The America, American Locations: Georgia, Peach, ”, Ringgold , Georgia, Paulding County, Atlanta, Gwinnett, “ Georgia, Bartow County, Washington, Georgia’s, Fulton County, Maricopa County

☆ The Best October Prime Day Tech & Headphone Deals, According to Our Editors
▼ + stars: | 2024-10-08 | by ( Henry St. Leger | ) www.nbcnews.com time to read: +6 min

I spent weeks combing through thousands of discounts to find the best October Prime Day tech deals — each one I recommend below is highly rated, at least 20% off and at its lowest price in at least three months. SKIP AHEAD Best Prime Day tech deals | How I picked the best tech deals | Why trust NBC Select? This Prime Day discount brings it just shy of $1,000, making it well worth a look. How I found the best Prime Day tech dealsAll of my recommendations above are based on NBC Select’s previous coverage and reporting. To round up the best Prime Day tech deals, I found highly-rated products at their lowest price ever or their lowest price in three months.

Persons: I’ll, Bose, you’ll, we’d, Harman Kardon, HBO Max, TikTok Organizations: NBC, Big Deal, Amazon, Anker Power Bank, HBO, Wellness, Bath, Giftable Tech, Facebook, Twitter

Search resuls for: "Prinț"

25 mentions found