DIRS.INFO The most relevant business & tech news

☆ Justice Department reaches $100 million settlement with two companies in Baltimore bridge collapse
▼ + stars: | 2024-10-24 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +3 min

CNN —The Justice Department has reached a settlement for more than $100 million with the two corporations that owned and operated the container ship that destroyed Baltimore’s Francis Scott Key Bridge in March. The payment stemming from Thursday’s settlement will go to the US Treasury and to the budgets of several federal agencies directly affected by the crash or involved in the response, the Justice Department said Thursday. It will not cover any damages for the reconstruction of the bridge, the department said. In its filing last month, the Justice Department said that the “tragedy was entirely avoidable,” pointing to alleged failures in the ship’s infrastructure. Prosecutors wrote that, instead of fixing longstanding problems with their electrical transformer, the companies “jury-rigged their ship” with makeshift braces that repeatedly broke.

Persons: Baltimore’s Francis Scott Key, Port, “, ” Benjamin Mizer, Department’s, Grace Ocean, Mizer, ”, Prosecutors, CNN’s Kaanita Iyer Organizations: CNN, The Justice Department, Baltimore’s Francis Scott Key Bridge, Grace Ocean Private Limited, Synergy Marine, FBI, Justice Department, US Treasury, Fort McHenry, Synergy, Prosecutors, Coast Guard Locations: Baltimore, Port

☆ South Carolina to build state's first individual monument honoring an African American
▼ + stars: | 2024-10-23 | by ( The Associated Press | ) www.nbcnews.com time to read: +6 min

“South Carolina is a great state. Or would a more fitting tribute to Smalls be to recognize the statesman who served in the South Carolina House and Senate and the U.S. House after the Civil War? That’s how Republican Rep. Chip Campsen, an occasional ship pilot himself, sees honoring one of his favorite South Carolinians. While South Carolina has a monument with multiple panels honoring the struggle of African Americans from their journey on slave ships through today, it doesn’t honor an individual Black man or women among the two dozen monuments scattered around the Statehouse. I think it is important that we tell that the right way to honor him and to honor south Carolina.

Persons: Robert Smalls isn’t, Smalls, Jermaine Johnson can’t, “, Heck, it’s, ”, Johnson, Brandon Cox, We’ve, ” Cox, Robert Smalls, toots, Woodrow Wilson, Chip Campsen, ” Campsen, J, Marion Sims, ” Ben Tillman, Black, Shane Massey, “ Robert Smalls, Chris Barr, Barr, you’ve, ” Barr Organizations: U.S . House, Rep, Statehouse, Senate, Republican Rep, South Carolina House, Confederate, Union, Republican, Reconstruction, Historic, United States Navy Locations: BEAUFORT, S.C, — South Carolina, American, U.S, Goose, “ South Carolina, South, Beaufort, Carolina, Charleston

☆ Tesla shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year
▼ + stars: | 2024-10-23 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +6 min

Net income rose to about $2.17 billion, or 62 cents a share, from $1.85 billion, or 53 cents a share, a year ago. Profit margins were bolstered by $739 million in automotive regulatory credit revenue during the quarter. Automotive revenue increased 2% to $20 billion from $19.63 billion in the same period a year earlier and is about flat since late 2022. Energy generation and storage revenue soared 52% to $2.38 billion, while services and other revenue, which includes revenue from non-warranty repairs of Tesla vehicles, jumped 29% to $2.79 billion. "Despite ongoing macroeconomic conditions, we expect to achieve slight growth in vehicle deliveries in 2024," the company said in its earnings deck Wednesday.

Persons: Elon Musk, Tesla, FactSet, Musk, Kelley, Vaibhav Taneja, Li Auto, Donald Trump, Trump, doesn't Organizations: LSEG, Energy, that's, California Public Utilities, Li, Ford, General Motors, Trump, Nasdaq Locations: Los Angeles , California, U.S, Texas, California, Bay, China, Harrisburg , Pennsylvania

☆ Can Donald Trump or Kamala Harris Bring Back Manufacturing Jobs?
▼ + stars: | 2024-10-23 | by ( German Lopez | ) www.nytimes.com time to read: +6 min

The number of manufacturing jobs has fallen 45 percent since the late 1990s, as factories have shuttered or moved to Mexico, China and elsewhere. Canton represents the kind of struggling manufacturing town that once churned out American products. They argue that the candidates’ proposals aren’t enough to reverse the trends — globalization, free trade agreements, automation and other technological changes — that caused manufacturing jobs to leave America in the first place. That helps explain why, despite Mr. Biden’s subsidies, the number of manufacturing jobs nationwide remains 34 percent lower than it was in the late 1970s. Modern manufacturing jobs also often require a postsecondary education.

Persons: Hoover, Donald J, Trump, Kamala Harris, Trump’s, ”, Alec Stapp, Kimberly Kenney, McKinley, ’ Organizations: Industries, Canton, Canton Board of Trade, Institute for Progress, Federal, Companies, McKinley Presidential Library and Museum, Local Locations: Canton , Ohio, Canton, Mexico, China, United States, American, Phoenix, Silicon Valley, Boston, fracking, City

☆ Stocks making the biggest moves midday: Genuine Parts, General Motors, Verizon, Philip Morris and more
▼ + stars: | 2024-10-22 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

General Motors — The stock jumped more than 9% after the automaker posted better-than-expected third-quarter results and raised its full-year forecast. Verizon Communications — The telecommunications giant dipped 4% after posting third-quarter revenue of $33.33 billion, which came in below the $33.43 billion analysts polled by LSEG had expected. GE Aerospace reported adjusted revenue of $8.94 billion, while analysts polled by LSEG estimated $9.02 billion. Meanwhile, adjusted earnings per share of $1.15 beat consensus forecasts by just 1 cent. Philip Morris International — The tobacco company popped nearly 9% after reporting third-quarter results that beat expectations.

Persons: FactSet, General Motors, LSEG, Philip Morris, Lockheed Martin —, Lockheed Martin, Zions, Sherwin, Williams, —, Alex Harring, Samantha Subin, Lisa Kailai Han, Hakyung Kim Organizations: General, GM, Verizon Communications, GE Aerospace, LSEG, Philip Morris International, Lockheed, Citi, U.S, Global, Diagnostics, Norfolk Southern

☆ Super-thin skyscraper, just one apartment wide, planned for Dubai
▼ + stars: | 2024-10-22 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +3 min

CNN —A super-narrow skyscraper, measuring no more than a single apartment across, is being planned for Dubai. A side view of the Muraba Veil from the canal. Courtesy RCR Arquitectes/MurabaThe striking tower will be built next to a canal by Dubai’s main transport artery, Sheikh Zayed Road. It is the fifth collaboration between Muraba and RCR Arquitectes, which expect the Muraba Veil to be complete by December 2028. An "oasis" will be "hidden beneath a vast dune-like carapace at the foot of the tower," according to a press release.

Persons: Sheikh Zayed, RCR Arquitectes, RCR, “, Rafael Aranda, Dubai’s Organizations: CNN, United, Burj Locations: Dubai, United Arab Emirates, Spanish, Muraba, Burj

☆ Five NBA rookies to watch this season: Zach Edey, Bronny James and more
▼ + stars: | 2024-10-22 | by ( Johannes Sasay-Wada | ) edition.cnn.com time to read: +10 min

Here are five NBA rookie storylines to watch in 2024-25. Zach Edey, center, Memphis GrizzliesThe first thing you will notice about Canadian rookie Zach Edey is his formidable size, measuring in at 7-foot-4-inches and 305 pounds. Jared McCain, guard, Philadelphia 76ersOne of the highest profile rookies entering the league this season, former Duke guard Jared McCain has become a social media sensation due to his larger-than-life personality. Bronny James, guard, Los Angeles LakersBronny James comes into the NBA as one of the most scrutinized second round picks of all time. This is because his father is four-time MVP and NBA champion LeBron James, as well as the league’s all-time leading scorer.

Persons: Zach Edey, Edey, Trevor Ruszkowski, Myles Turner, Ja, Jared McCain, McCain, Bill Streicher, Duke, Tyrese Maxey, Maxey, Joel Embiid, Paul George, Rob Dillingham, Anthony Edwards, Vincent Carchietta, Dillingham, Stephon, Victor Wembanyama, Eric Gay, of Famer Chris Paul, Gregg Popovich, Paul, Pop –, Bronny James, James, LeBron James, LeBron, Bronny James dribbles, Cary Edmondson, Bronny, JJ Redick – Organizations: CNN, NBA, Summer League, Memphis Grizzlies, Purdue, UConn, Naismith, Basketball, USA, NCAA, Indiana Pacers, Grizzlies, Philadelphia 76ers, Sixers, Duke, Zion, Boston Celtics, Eastern, Minnesota Timberwolves, Wildcats, SEC, San Antonio Spurs, Team USA, Timberwolves, Dillingham, Big, Huskies, New Spurs, AP, of Famer, Spurs, Los Angeles Lakers, Bronny, University of Southern, Lakers, Golden State Warriors, Sports, Reuters, USC, Trojans, League, South Bay Lakers, LeBron Locations: TikTok, Duke, shifty, The North Carolina, Kentucky, Minnesota, Stephon, San Antonio, University of Southern California

☆ Stocks making the biggest moves premarket: Cheesecake Factory, Sherwin-Williams, 3M and more
▼ + stars: | 2024-10-22 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

SAP — U.S.-listed shares of the enterprise software provider gained more than 3% after the company posted a third-quarter earnings and revenue beat. GE Aerospace reported adjusted revenue of $8.94 billion, while analysts had estimated $9.02 billion, according to LSEG. 3M — Shares of the industrial company rallied 5% after 3M posted third-quarter earnings of $1.98 per share on revenue of $6.07 billion. Despite this, the company posted a third-quarter adjusted earnings and revenue beat. Sherwin-Williams reported adjusted earnings of $3.37 per share, lower than a StreetAccount estimate of $3.55 per share.

Persons: LSEG, AppLovin, Rob Sanderson, Nucor, Danaher, Sherwin, Williams, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Fred Imbert, Hakyung Kim, Sarah Min, Jesse Pound Organizations: JCP Investment Management, General Motors, GM, SAP — U.S, SAP, GE Aerospace, Citi, U.S, Loop Locations: Utah

The Vessel, the honeycomb-shaped tower in Manhattan which closed in 2021 after a series of suicides, reopened Monday with added safety features. The 150-foot attraction first opened in 2019 as the centerpiece of the Hudson Yards development on the West Side. It was a popular tourist destination, thanks to its zigzagging stairs and Hudson River views, but four suicides over 18 months forced its closure. The Vessel remained indefinitely closed to the public while owners worked to address the significant safety concerns highlighted by the deaths, NBC New York reported. The Vessel in the Hudson Yards on July 26, 2024 in New York.

Persons: Liao Pan, Angelina Fiorini, “ It’s Organizations: Hudson, NBC, China News Service, Getty, NBC New, New Locations: Manhattan, NBC New York, New York, New York City

☆ Stocks making the biggest moves after hours: Nike, Zions Bancorporation, Nucor and more
▼ + stars: | 2024-10-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Zions reported earnings of $1.37 per share on $792 million in revenue, ahead of the earnings of $1.17 per share and $779 million in revenue expected by analysts polled by LSEG. Nucor — The steel production company declined about 3% despite posting adjusted earnings and revenue that topped expectations in the third quarter. Nucor said it expects a decline in GAAP earnings per share for the current period over the prior quarter. In the third quarter, Hexcel reported adjusted earnings of 47 cents per share on revenue of $456.5 million. Alexandria reported third-quarter revenue of $791.6 million and funds from operation of $2.37 per share, as adjusted.

Persons: Zions, Nucor, Hexcel, FactSet, —, Darla Mercado Organizations: Nike, NBA, WNBA, LSEG, SAP, Alexandria Real Locations: Alexandria

☆ Why I paid $95 to recycle a mattress — and you might, too
▼ + stars: | 2024-10-20 | by ( Greg Iacurci | ) www.cnbc.com time to read: +9 min

The author paid a company, Renewable Recycling, to pick up and recycle his queen-size mattress in New York City. Greg IacurciI paid $95 to recycle a mattress. Why mattress recycling can be expensiveShredded old mattress materials. Guillaume Souvant | Afp | Getty ImagesThe $95 fee I ultimately paid to Renewable Recycling is "pretty standard" among mattress recyclers, Conway said. For example, cotton remnants must be picked off steel mattress springs before it can be shredded or baled for sale to scrap markets, according to the Mattress Recycling Council.

Persons: Greg Iacurci, Alicia Marseille, Robert Brook, —, Meg Romero, Charles, Mark Rightmire, Romero, Peter Conway, Conway, Guillaume Souvant, Charles County, " Romero, Staples, Reid Lifset, Amanda Wall, Wall Organizations: Renewable, U.S, Mattress, Arizona State University, MRC, Salvation Army, Goodwill, Freecycle, Recycling Inc, MediaNews, Orange, Getty, Spring, Afp, Yale School of, Colorado, Environmental Resources, Arizona State University Individuals, International Sleep Products Association Locations: New York City, Brooklyn, Charles County , Maryland, East Rockaway , New York, San Juan Capistrano , California, Spring Back Colorado, Commerce City, Colorado, Oceanside , New York, Charles, California, Mexico, Canada, India, Egypt, Texas, Marseille, — California, Connecticut, Rhode, Oregon, Rhode Island, New York , Massachusetts, Maryland, Virginia

☆ The West is trying to starve the wrong part of Russia's war machine, defense experts say
▼ + stars: | 2024-10-20 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

Russian artillery depends on a complex supply chain vulnerable to sanctions, defense experts say. Each company has its own supply chain of subcontractors, such as factories that make special steel. Current Western sanctions tend to be too broad and sporadic to cripple Russian defense production. A better approach would be a mixture of economic sanctions and diplomatic pressure focused on Russia's artillery supply chain, concluded the report. AdvertisementNonetheless, sanctions might ultimately prove to be a more effective approach than trying to destroy Russian artillery in combat.

Persons: —, Charly TRIBALLEAU, RUSI, NIMI Bakhirev, Reich, Michael Peck Organizations: Service, Royal United Services Institute, Scranton Army, Plant, Getty, Burevestnik Research, NATO, Allied, Germany, Central, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Russia, Ukraine, Donetsk, British, Soviet, Scranton, Pennsylvania, AFP, China, Germany, South Korea, Italy, Japan, Taiwan, Yekaterinburg, Volgograd, Perm, Nizhny Novgorod, Uzbekistan, Kazakhstan, Kazakh, Turkey, Forbes

I was ecstatic to see what the fuss was about with the Flexispot E7 Pro Standing Desk. Flexispot E7 Pro Standing Desk Flexispot's most premium and heavy-duty offering, the E7 Pro has a powerful motor, greater adjustability, and a semi-C Leg structure for added stability and comes with a 15-year warranty. AdvertisementWeight capacityThe Flexispot E7 Pro Standing Desk has a weight capacity of 440 lbs. The Uplift V2 also has a slightly quieter motor than the Flexispot E7 Pro Standing Desk. Alex Temblador/Business InsiderI didn't think I'd be as impressed as I was with the Flexispot E7 Pro Standing Desk.

Persons: I've, I'd, Alex Temblador, Jamie Davis Smith, Flexispot, we've Organizations: Business, E7

☆ A historically Black community grapples with lasting impacts after Baltimore bridge collapse
▼ + stars: | 2024-10-18 | by ( The Associated Press | ) www.nbcnews.com time to read: +12 min

For their working-class, historically Black neighborhood, it was a lifeline to the outside world, a source of both pride and convenience. She doesn’t want to leave Turner Station, where her grandparents put down roots many decades ago. The federal government provided nearby housing only for white workers, so Black families started their own community in nearby Turner Station. He said Turner Station residents have expressed concern about potential damage to buildings from the seismic impact of the collapse. Meanwhile, Turner Station residents will be doing what they’ve done for generations: coming together and fighting for their community.

Persons: Baltimore’s Francis Scott Key, Minor, she’s, ruefully, ”, Courtney Speed, shouldn’t, “ We’ve, Turner, Speed’s Barber, “, ” Henrietta, Johns Hopkins, Robert Curbeam, Kweisi Mfume, Calvin Hill, “ It’s, Mfume, he’s, ” Mfume, Marquis Neal, Linwood Jackson, Jackson, ” Vernon Banks, There’s Gloria Nelson, there’s, Rashad Singletary, ” Singletary, God, He’s, nodded Organizations: Turner, Black steelworkers Turner, Black steelworkers, Bethlehem Steel, Turner Station, NASA, . Rep, NAACP, NFL, Democrat, ” Residents, football, Mount, Mount Olive Baptist Church Locations: Black, Turner, Baltimore’s, Baltimore, Southern, Congress, Baltimore County, Vietnam, Bethlehem, Avondale, Mount Olive

☆ Cramer's week ahead: Earnings from Boeing, Tesla, IBM and T-Mobile
▼ + stars: | 2024-10-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +3 min

With Wall Street rolling into the thick of earnings season, CNBC's Jim Cramer on Friday told investors what market-moving action to keep an eye on next week, including reports from Boeing , Tesla , IBM and T-Mobile . On Tuesday, a slew of big names will report, including General Motors , Danaher , RTX and GE Aerospace . Cramer said the automaker could be a bargain, even as many on Wall Street are pessimistic about its earnings. IBM , Tesla , Lam Research and T-Mobile will report after close. Friday brings earnings from Colgate-Palmolive , and Cramer said he thinks Wall Street will love the stock but that such fondness is "way overdone."

Persons: CNBC's Jim Cramer, Cramer, Clark, Vertiv's, Elon Musk, Lam, Decker Organizations: Boeing, Tesla, IBM, Mobile, SAP, General Motors, GE Aerospace, Texas Instruments, Texas, Lam Research, Southwest Airlines, Honeywell, UPS, Carrier, Colgate, Palmolive Locations: Norfolk Southern

☆ Watch maker Patek Philippe launches first new collection in 25 years
▼ + stars: | 2024-10-18 | by ( Kristian Burt | In | ) www.cnbc.com time to read: +1 min

Storied Swiss watch maker Patek Philippe announced its first new collection in 25 years this week, dubbed the Cubitus line. The new collection comes at a time when luxury watch prices have largely stabilized, fueled by strong demand. Patek Philippe's new collection also includes new cufflinks, designed to match the watches with a white-gold frame that reflect the case's shape. Patek Philippe, founded in 1839, is often referred to as one of "The Holy Trinity" in watch making, along with Audemars Piguet and Vacheron Constantin. The brand's last new collection before the Cubitus line was back in 1999 when it released the Twenty~4 design.

Persons: Patek Philippe, it's, Audemars Piguet, Vacheron Constantin, Patek Locations: Swiss

☆ Millions lose power every year because of extreme weather. Here’s how experts say we can prevent it
▼ + stars: | 2024-10-18 | by ( Ella Nilsen | ) edition.cnn.com time to read: +5 min

This ability to get electricity from one part of the country to another is ever more important as America’s grid is lashed by increasingly extreme weather. Extreme weather isn’t the only reason the grid needs to expand. “We run a VHS grid for a Hulu economy.”America’s grid is actually three grids: the Eastern and Western interconnections, plus the independent Texas grid. The physical electrical lines connecting all of the systems are fragile and outdated, experts told CNN. Clements cautioned that even a bigger grid can’t solve all the challenges posed by climate change-fueled extreme weather.

Persons: Cary Kottler, ” Kottler, Helene, Milton, ”, Allison Clements, “, you’ve, Clements, ” Clements, Rob Gramlich, Ariel Horowitz, Horowitz, Biden, Jennifer Granholm, there’s, Hurricane Helene Organizations: CNN, Texans, Pattern, Energy, “, Energy Department, DOE Locations: Uri, Texas, California

☆ Stocks making the biggest moves midday: Nvidia, Travelers, Blackstone, Uber and more
▼ + stars: | 2024-10-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Travelers' third-quarter earnings came in at $5.24 per share, topping the $3.55 a share expected from analysts polled by LSEG. Blackstone reported third-quarter earnings of $1.01 per share on revenue of $2.43 billion. CSX — Shares slipped 5.9% after the transportation company reported disappointing third-quarter results. Alcoa — The aluminum producer's stock shed more than 3% after the company reported third-quarter revenue of $2.90 billion, below the $2.97 billion LSEG consensus estimate. Synovus Financial — Shares popped 5% after the company reported better-than-expected adjusted earnings per share for the third quarter.

Persons: Uber, LSEG, Elevance, Blackstone, Equifax, Synovus, — CNBC's Sean Conlon, Hakyung Kim, Alex Harring, Pia Singh Organizations: Taiwan Semiconductor, Nvidia, Micron, Times, Expedia, —, LSEG, CSX, Nokia —, Alcoa, FactSet, Dynamics, Steel, Walgreens, Alliance

☆ China-led regional group calls for countering protectionist policies, sanctions
▼ + stars: | 2024-10-17 | by ( ) www.cnbc.com time to read: +1 min

The Chinese national flag flies outside the Ministry of Foreign Affairs in Beijing on July 26, 2023. A China-led 10-state regional group criticized what it called protectionist trade measures on Wednesday, part of an intensifying standoff between Beijing and Western countries over tariffs on Chinese products. The Shanghai Cooperation Organization, a Eurasian security and political group, also hit out at "unilateral sanctions" as member states Iran and Russia face curbs on trade. The statement said that the 10 member states, represented by seven prime ministers, "consider it important to continue joint efforts to counter protectionist trade measures that are contrary to WTO rules." Beijing has termed the moves discriminatory, and responded with similar actions as the standoff intensifies.

Organizations: Ministry of Foreign Affairs, Shanghai Cooperation Organization, European Union Locations: Beijing, China, Western, Iran, Russia, Islamabad, India, Pakistan, United States, Canada

☆ Harris clashes with Fox as she tries to peel away some GOP voters
▼ + stars: | 2024-10-17 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

In the end, on Wednesday, both Harris and Fox News probably got what they wanted. But before the interview, Harris spokesman Ian Sams explained her thinking. If only a few thousand Fox viewers or traditional conservatives swapped sides, it could push some swing states in the vice president’s direction. Still, the risk for Harris is that her display in her first formal Fox interview could alienate some of those voters. It’s taken her several months to arrive at the assurance that she’d strike a strong contrast with Biden’s administration, which she unveiled in the Fox interview.

Persons: CNN — Kamala Harris didn’t, Donald Trump —, heatedly, Bret Baier, Harris, Baier, she’s, “, ” Harris, Trump, Joe Biden’s, ” Fox, Harris ’, “ Kamala, Fox, Donald Jr, Eric, Stephen Miller, Ian Sams, Kamala Harris, Ryan Collerd, Nikki Haley, —, ” She’s, Biden, they’re, Donald Trump, Alex Brandon, Sen, JD Vance, “ I’ve, ” Trump, –, ”, he’s, It’s, parry Organizations: CNN, Fox News, Trump, Republicans, Fox, Keystone State, Republican, Getty, GOP, South Carolina Gov, Ohio Republican Locations: Pennsylvania, ”, United States, Washington, Washington Crossing , Pennsylvania, AFP, Bucks County, Philadelphia, Ohio, Univision, Doral , Florida

☆ CNBC's Inside India newsletter: The changing face of India's rich
▼ + stars: | 2024-10-17 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +8 min

Speaking to CNBC's Inside India, Kohli noted that India's wealthy now come from a swathe of industries. India's stock market became the fourth-largest in the world at the start of the year, after overtaking Hong Kong. Meanwhile, those whose wealth that falls between 10 to 50 million Indian rupees are in the affluent category, he added. Historically, India's wealthy had a median age exceeding 50. Drivers of India's wealthThe growth in India's wealthy population comes in tandem with the nation's economic progress.

Persons: Ratan Tata, Waterfield, Ratan Tata —, Ambani, Himanshu Kohli, Kohli, Pramod Gubbi, Marcellus, Lee, Gubbi, Knight Frank, What's, Malcolm Dorson, Dorson Organizations: Tata Group, Fortune India, Tata Sons, Tata Steel, Tata Consultancy Services, Tata Motors, Titan Company, Marcellus Investment, Lee Kuan Yew, of Public, National University of Singapore, Bombay Stock Exchange, Global, Volvo, Apollo Locations: India, Tata, CNBC's, Hong Kong, Pune, Hyderabad, Ahmedabad, Chennai, U.S

☆ Stocks making the biggest moves after hours: Lucid, Discover Financial, PPG Industries, Kinder Morgan and more
▼ + stars: | 2024-10-16 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

The financial services company posted third-quarter results that surpassed expectations, with earnings of $3.69 per share on $4.45 billion of revenue. Alcoa posted third-quarter adjusted earnings of 57 cents per share, topping analysts' estimate for 28 cents a share, per LSEG. Kinder Morgan reported adjusted earnings per share of 25 cents and revenue of $3.70 billion. Management also announced it expects to fall below budget on adjusted earnings before interest, taxes, depreciation and amortization and adjusted earnings per share by 2% and 4%, respectively. PPG Industries posted adjusted earnings of $2.13 per share on $4.58 billion in revenue.

Persons: LSEG, Lucid, Kinder Morgan —, Kinder Morgan, Equifax, —, Darla Mercado Organizations: Discover, CSX, Alcoa —, Alcoa, Revenue, Third Investment Company, Public Investment Fund, Management, PPG, Green, Dynamics, Steel Dynamics

☆ A pro-Trump PAC has received millions in crypto donations since June
▼ + stars: | 2024-10-16 | by ( Aditi Bharade | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

A pro-Trump PAC has raised more than $7.5 million in cryptocurrency donations since June. Trump 47 PAC raised the amount in bitcoin, ether, USDC, and other cryptocurrencies, per FEC filings. AdvertisementA political action committee called Trump 47 has raised $7.5 million in cryptocurrency donations for former President Donald Trump's White House bid. According to Federal Election Commission filings on Tuesday, the Trump 47 PAC received donations in bitcoin, ether, XRP, and other cryptocurrencies. But in May, Trump hosted an event in Mar-a-Lago, where he said he would accept cryptocurrency donations for his campaign.

Persons: —, Donald Trump's, Cameron, Tyler Winklevoss, Trump, I've, cryptocurrency, bitcoin, he'll, Marc Andreessen, Ben Horowitz, Andreessen Horowitz, Elon Musk, Kamala Harris, Mark Cuban, Cuban Organizations: Trump PAC, Trump, PAC, Service, Federal, Records, Liberty, AFP, Fox Business, United, FEC, America, America PAC — Locations: United States, Mar, Nashville

☆ Ukraine is adding cages to another NATO tank type as it scrambles to shield its armored vehicles
▼ + stars: | 2024-10-16 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The steel screens help protect German-made Leopard tanks from inbound Russian munitions. Ukrainian troops fire a Leopard tank during an exercise near the front lines in eastern Ukraine in May. A German-made Leopard tank with protective screens at an undisclosed location. Courtesy of Rinat Ahkmetov's Steel FrontA German-made Leopard tank with protective screens at an undisclosed location. Both Ukraine and Russia have lost scores of armored vehicles, including tanks, to small drone attacks.

Persons: Rinat, — Organizations: NATO, Rinat Akhmetov's, Service, Kyiv, REUTERS, Leopards, Steel, Abrams, Bradley Locations: Ukraine, Ukrainian, Germany, Russia

Deep-pocketed Republicans donors also tried to close the gap by boosting a GOP super PAC working to seize the Senate majority. America PAC has taken on a critical supporting role for the Trump campaign, according to its independent expenditure filings, which cover some spending beyond September 30. Tuesday’s filings show other conservative billionaires also plowing extraordinary sums into the effort to reelect Trump. Another leading pro-Trump super PAC, Restoration PAC, also reported a huge haul from a single major donor. Meanwhile, the Congressional Leadership Fund – the main super PAC supporting House Republicans – hauled in more than $81 million in the third quarter.

Persons: –, Miriam Adelson, Elon Musk, Donald Trump’s, Adelson, – Musk, Richard Uihlein –, megadonors, Kamala Harris, Harris, Musk, Trump, reelect Trump, Sheldon, Uihlein, Ike Perlmutter, Laura, Biden, Michael Bloomberg, Reid Hoffman, Steve Mnuchin, Dana White, White, Chuck Schumer, JB Pritzker, Eric Schmidt, Reed Hastings, Ken Griffin, Elliott, Paul Singer, Stephen Schwarzman, Republicans –, Timothy Mellon, Montana Sen, Jon Tester, Ohio Sen, Sherrod Brown, Tim Sheehy, Brown, Bernie Moreno, Eric Hovde, Democratic Sen, Tammy Baldwin, Baldwin, Colin Allred, Sen, Ted Cruz, Cruz, Nathan L, Democrat Adam Gray, Michelle Steel, Democrat Eugene Vindman, Trump’s, Vindman, Mary Peltola, CNN’s Kristen Holmes Organizations: CNN, Trump, PAC, Federal, Commission, Adelson, Democratic, Republican, GOP, White, House . America PAC, America PAC, Preserve, America, Restoration PAC, FF PAC, FF, New York, LinkedIn, Republican National Convention, Fund, Illinois Gov, Netflix, Citadel, Elliott Management, Blackstone Group, Congressional, Republicans, The New York Times, Democrats, West, Senate, Ohio, – Rep, Democrat, Alaska Rep Locations: Pennsylvania, California, New York, Preserve America, Michigan, Wisconsin, Pennsylvania , Wisconsin, Georgia, Lago, Florida, Montana, Michigan , Pennsylvania, Arizona, Maryland, Republican, Texas, Virginia’s, District, Alaska

Search resuls for: "steel"

25 mentions found