DIRS.INFO The most relevant business & tech news

☆ 81% of full-time workers want a 4-day work week – and they’re willing to make sacrifices to get it
▼ + stars: | 2023-08-23 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

When it comes to schedules, workers want flexibility. And a four-day work week is at the top of their wish lists, according to a new survey from Bankrate. A majority of full-time workers and job seekers — 81% — support a four-day work week versus a traditional five-day schedule. Of those workers, 89% said they would be willing to make sacrifices to work just four days. Just 11% of workers who want a four-day work week said they would not be willing to accept any of those tradeoffs.

Persons: — Organizations: Finance

☆ Darfur: Hundreds of people fleeing El Geneina were killed in a day-long massacre, body collectors and survivors say
▼ + stars: | 2023-08-16 | by ( Tamara Qiblawi Allegra Goodwin Nima Elbagir Celine Alkhaldi | Tamara Qiblawi | Allegra Goodwin | ) edition.cnn.com time to read: +18 min

A picture taken on June 16, 2023, shows bodies strewn outdoors near houses in the West Darfur capital El Geneina. A video shared on Twitter on June 14, 2023, showing hundreds of refugees from El Geneina walking towards Chad. “The fighters had DShK’s (Soviet-era heavy machine guns) and other heavy weaponry,” said Khamiss, the lawyer from El Geneina. Zahra Adam, a women’s rights activist from El Geneina, told CNN she had saved two young boys from drowning. When asked whether the ICRC had alerted third parties to evidence of a mass atrocity in El Geneina, Synenko said they had not.

Persons: El Geneina, ”, “, Masalit, Jamal Khamiss, Khamiss, ” Jamal Khamiss Khamiss, Mohamed Hamdan Dagalo —, Gen, Mohamed Hamdan Dagalo, Hemedti, Abdel Fattah al, Burhan, Omar al, Bashir, Wagner, Zohra Bensemra, Dr, Papi Maloba, Maloba, Mohammad Ghannam, RSF, West, Khamis Abbakar, ” Khamiss, Zahra Adam, Adam, General Abdelrahman Juma —, General Abdelrahman Juma, YouTube Juma, Mujeeb Rahman Muhammad Rezk, Alyona Synenko, Synenko, Chad The, ” Zahwi Idriss, Zahwi Idriss Organizations: CNN, Rapid Support Forces, West Darfur, Getty, Sudanese, International Organization for Migration, Twitter, Hemedti, United Nations, Reuters, Sans, MSF, Chadian, El, Teaching, Crescent, YouTube, Support Forces, Sudanese Red Crescent Society, SRC, International Committee, ICRC, Darfur, UN, Geneina Teaching Locations: West Darfur, El, West, El Geneina, AFP, Chad, Sudan, “, Geneina, Darfur, Chadian, Shukri, Khartoum, Adre, Ardmata, Wadi Kaja, RSF, tarpaulins, Africa, ”

☆ A former lawyer has paid down $190,000 in student loans and can afford to cancel the remaining $20,000 balance now. He explains why it's smarter to not pay the lump sum, and how he's investing it inst
▼ + stars: | 2023-08-16 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Since the interest rate on his student debt is so low, he's better off investing the money he'd use to make a lump-sum payment. If that's the case, you might want to prioritize your debt, even if you have a low interest rate locked in. Refinancing your loans at a lower interest rateGroup didn't always have such a low interest rate on his student loans. It was important to him to consolidate everything, he said: "I needed one monthly payment and one interest rate. He ended up refinancing three more times to get to his current interest rate of 2.35%.

Persons: Ian, He's, I'm, Roth, he's, they've Organizations: Ian Group, Apple

☆ AI is going to eliminate way more jobs than anyone realizes
▼ + stars: | 2023-08-14 | by ( Emil Skandul | ) www.businessinsider.com time to read: +16 min

We didn't see the internet coming, but AI is within viewThe adoption of groundbreaking technology is often hard to predict. The World Economic Forum estimated 83 million jobs worldwide would be lost over the next five years because of AI, with 69 million jobs created — that leaves 14 million jobs that will cease to exist during that timeframe. In the US, the knowledge-worker class is estimated to be nearly 100 million workers, one out of three Americans. The small and large compounding effects of productivity growth across many industries are central to the growth trajectory and the long-run effects of AI. This is an alarmingly trivial amount for an economy of $25 trillion GDP and over 150 million workers.

Persons: Goldman Sachs, Joseph Schumpeter, Bill Gates, David Letterman, Paul Krugman, Erik Brynjolfsson, —, Brynjolfsson, Robert Solow, Robert Gordon, provocatively, It's, Gordon, David Autor, Maria Flynn, Flynn, –, Georgia –, Emil Skandul, Tony Blair Organizations: McKinsey, Newsweek, Stanford University, Microsoft, Amazon, Cisco, Economic, International Labor Organization, Organization for Economic Co, Development, MIT, Congressional, Office, Department of Labor, Tony Blair Institute Locations: Washington, Singapore, New York, Georgia

☆ India job seekers aren't ready to return to the office — 2 in 3 say they value flexibility over pay
▼ + stars: | 2023-08-08 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

Workers in India are far from ready to return to the pre-pandemic days of working in an office, five days a week. In contrast, fewer job seekers (67%) consider the compensation offered for the job. According to Indeed, 6.5% of job postings on the platform in June explicitly mention phrases such as "work from home" or "remote work" in their job descriptions. Job seekers value clarity and communicationIn the midst of economic uncertainty, job seekers have been facing longer job interview processes as companies become more cautious with hiring. In addition, almost half of job seekers, or 48% surveyed, want to know the salary range from employers before applying for a role, Indeed added.

Persons: Sashi Kumar, Kumar, Josh Bersin Organizations: Workers, Employers, CNBC, Companies, Employees, Josh Bersin Company, AMS Locations: India

☆ ‘Barbie’ Reaches $1 Billion at the Box Office, Studio Says
▼ + stars: | 2023-08-06 | by ( Brooks Barnes | More About Brooks Barnes | ) www.nytimes.com time to read: +1 min

In the history of Hollywood, very few people — 28 to be precise, all men — have had the sole directing credit on a billion-dollar movie. (“Harry Potter and the Deathly Hallows: Part 2” was previously the fastest to $1 billion, at 19 days.) “PINK FEVER,” Mr. Goldstein wrote in a text message. “Barbie” once again disproved a stubborn Hollywood myth: that “girl” movies — films made by women, starring women and aimed at women — are limited in their appeal. An old movie industry maxim holds that women will go to a “guy” movie but not vice versa.

Persons: —, Greta Gerwig, “ Barbie, ”, Gerwig, Noah Baumbach, Jeff Goldstein, “ Barbie ”, Harry Potter, Mr, Goldstein Organizations: Warner Bros Locations: United States, Canada

Here are the meanings of the least-found words that were used in (mostly) recent Times articles. regulations define milk as a “lacteal secretion” obtained by milking “one or more healthy cows.” — Got Almond Milk? Those chemicals, the researchers said, may be especially irritating to the lungs and can cause damage when inhaled. — Dozens of Young People Hospitalized for Breathing and Lung Problems After Vaping (Aug. 14, 2019)3. titmice — any of several small birds:But enterprising birds can be mischievous. Like the titmice and other Parids that steal hair from dogs, raccoons and even humans, probably to fortify their nests.

Persons: lacteal, acetal, Duke, Young, —, unceded —, ecocide ”, ”, Vergollo, — Michael Batayeh, trimaran, Barth, Erick Clement, “, ” — Alexander Toradze Organizations: Food and Drug Administration, Yale, Art Schools, Johnsons, Racing Locations: New, Hudson, St

☆ AI is kicking off a new kind of tech hiring boom — but only in certain cities
▼ + stars: | 2023-07-26 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +6 min

A new wave of generative AI jobs could follow the same pattern, per a Brookings Institution report. Nearly half of the new US generative AI job postings in May came from one of six metro areas. In May, 25% of new generative AI job postings — which contained terms like "ChatGPT" or "generative AI" — were posted in the Bay Area (San Francisco and San Jose). In the below chart, "early adopters" refers to the 13 aforementioned metros, excluding the Bay Area metros. Brookings' Muro said that he expects many generative AI jobs to be in-person some or all of the time.

Persons: ChatGPT, —, Santa Barbara, Mark Muro, Muro, Sam Altman, Brookings Organizations: Brookings Institution, Service, Bay Area, —, Google Locations: Wall, Silicon, Lightcast, Bay, San Francisco, San Jose, New York City, Los Angeles, Boston, Seattle, Washington, DC, San Diego, Austin, Raleigh, Boulder, Lincoln, Santa Cruz, Santa Maria, Santa, Santa Fe, Brookings, — San Francisco

☆ Why Britain’s Mortgage Holders Are Being Squeezed
▼ + stars: | 2023-07-19 | by ( Eshe Nelson | More About Eshe Nelson | ) www.nytimes.com time to read: +1 min

Many people in Britain have mortgages with a rate that is fixed for only a short period, commonly two or five years, unlike U.S. mortgage rates, which are often fixed for 30 years. At the end of the fixed period, mortgage holders can shop around for different offers, usually choosing between a variable-rate mortgage — which can move up and down whenever the lender decides or with interest rates — or another fixed-rate loan. In Britain, one of the most direct ways that higher interest rates affect people is through higher mortgage rates, but the impact varies greatly across the population. Just over a third of households own their home outright, so will be insulated from rising mortgage rates. On average, households with mortgages will pay almost 280 pounds (about $365) more each month, if mortgage rates stay at their current levels, compared with March 2022 rates, according to the Institute for Fiscal Studies.

Organizations: Institute for Fiscal Studies Locations: Britain

☆ India's reliance on Russian oil may be 'approaching a limit'
▼ + stars: | 2023-07-18 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

Dhiraj Singh | Bloomberg | Getty ImagesIndia's ability to import more Russian oil may have hit a limit for the rest of the year, analysts tell CNBC, citing infrastructural and political constraints, as well as limitations to Russian oil flows. Since the Kremlin's invasion of Ukraine in February last year, India's refiners have been snapping up discounted Russian oil. Moscow has since leapfrogged to become India's leading source of crude oil, accounting for about 40% of India's crude imports. June marked the 10th consecutive month-on-month increase in India's imports of Russian crude, data from commodity intelligence firm Kpler showed. And that's the highest volume that India's imports of Russian oil can go — at least for the rest of the year, according to his predictions.

Persons: Dhiraj Singh, Janiv Shah, India's, Kpler, Viktor Katona, Daniel Hynes, Rystad Energy's Shah, Katona, Hynes, that's, Kpler's Organizations: Bharat Petroleum Corp, Bloomberg, Getty, CNBC, Rystad Energy, ANZ, India's Petroleum, International Energy Agency, Kpler Locations: Mumbai, India, Ukraine, Moscow, Russia, Asia, Kpler Russia

☆ Shell-hungry artillery battles with Russia are fast eating through Ukraine's ammo, and that's why cluster bombs are key, experts and officials say
▼ + stars: | 2023-07-12 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

The US decided last week to send deadly but controversial cluster munitions to Ukraine's military. Experts and officials say these explosives will help ease Ukraine's ammunition shortages. The provision of cluster munitions is also aimed at preserving US stockpiles. Washington's difficult decision to outfit Kyiv with cluster munitions appears to have come at a calculated and pivotal moment. "The hard but necessary choice to give them the cluster munitions amounted to this," US Secretary of State Antony Blinken told MSNBC at the NATO summit in Lithuania this week.

Persons: Biden, —, Wojciech Grzedzinski, Jake Sullivan, Sullivan, Colin Kahl, Dmytro Smolienko, " Kahl, Vladimir Putin, Joe Biden, Jack Watling, Justin Bronk, Drew Angerer, Bronk, Watling, Antony Blinken Organizations: US, Service, Ukrainian, Pentagon, The Washington, Getty, Moscow, White, National, Kyiv, Publishing, CNN, NATO, Royal United Services Institute, MSNBC Locations: Wall, Silicon, Ukraine, Kyiv, Washington, Zaporizhzhia Region, Russian, Washington , DC, U.S, Lithuania

☆ I make 6 figures working 20-hour weeks as a freelance writer. Here's what my typical day looks like hour by hour.
▼ + stars: | 2023-06-27 | by ( Zulie Rane | ) www.businessinsider.com time to read: +13 min

Zulie Rane is a freelance writer who earns six figures a year while working around 20 hours a week. At the end of this article, you should have a solid idea of what it's like to be a freelance writer. 7:00 - 8:00 a.m: Start the day (for real this time)I start a day in the life of a freelance writer with an alarm. After all, it's not just a day in the life of a freelance writer — it's a day in the life of a freelance writer and her two cats. Hopefully this snapshot of my Mondays gives you a good idea of what it's like to be a freelance writer.

Persons: Zulie Rane, —, Astrid, dislodging, it's, Sally, — it's, Slack, I've, I'm, you've, there's, Here's Organizations: Service, Twitter Locations: Boston, Salem, Euronews, Spain

☆ Extreme weather is hitting parts of the US. That’s bad news for the economy
▼ + stars: | 2023-06-27 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

All told, at least a third of the US population is currently grappling with costly extreme weather events. In 2022, extreme weather events cost the United States about $165 billion, according to the NOAA. Sector by sector: Extreme weather impacts the economy writ large, but certain sectors tend to suffer more than others. Agriculture, construction, tourism and renewable energy sectors also tend to feel the brunt of extreme weather events. “We’re really poorly adapted to the extreme weather and climate that we have right now,” said Mankin.

Persons: New York CNN — We’ve, ”, Justin Mankin, Nam, we’ve, Andrew Watterson, Ian, “ We’re, Mark Thompson, it’s, —, Vladimir Putin, Brent, That’s Organizations: CNN Business, Bell, New York CNN, Dartmouth College, Sunday, National Oceanic, Atmospheric Administration, NOAA, Federal Aviation Administration, FAA, Travelers, Southwest Airlines, O'Hare International, Agriculture, Rystad Energy, Western, Federal Reserve Bank of New, Consumer Locations: New York, Texas, United States, Chicago, Florida, Russia, China, India, Russian, Moscow, Federal Reserve Bank of New York

☆ See the 12 major retailers most likely to take a hit when people start repaying their student loans
▼ + stars: | 2023-06-27 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +2 min

The investment banking firm found that more than a third of student debt holders' discretionary dollars go to the three retail giants. "The impending resumption of student loan payments could be a headwind to consumer spending ahead," the note said. Consumers with student debt spend around 18.58% of their discretionary spending at Amazon alone, according to consumer data company Numerator. Interest on student loan debt will start to accrue again in September, after a long pause that started at early in the pandemic. Meanwhile, the US Supreme Court is expected to rule this week on President Joe Biden's plan to cancel up to $20,000 in student debt.

Persons: —, Jefferies, Ross, Joe Biden's Organizations: Jefferies, Walmart, Target, Service, Amazon, Costco, UBS

☆ Heavy drinkers really don’t ‘handle their liquor,’ study says
▼ + stars: | 2023-06-19 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +7 min

CNN —It’s a misnomer that heavy drinkers can “hold their liquor,” a new study found. The 397 participants included light drinkers, heavy social drinkers and those who had alcohol abuse disorder. “In their daily lives, this group averaged 38.7 drinks a week, compared to 2.5 drinks a week for light drinkers and about 20 drinks for heavy drinkers,” King said. Some tolerance was seenAt first, the study supported the notion that heavy drinkers can manage larger doses without impairment. Neither the heavy drinkers nor those with alcohol abuse disorder felt impaired when asked.

Persons: CNN —, ”, Nathan Didier, Andrea King, King, —, ” King, ” Didier, ” Didler, Kevin Trimmer Organizations: CNN, University of Chicago, National Institute, Alcohol, Research, Chicago, Drinking, “, Getty Locations: United States

☆ A baby born the day 'Avatar' was released will be able to legally drink in the US by the time the final movie comes out, as Disney delays the sequels yet again
▼ + stars: | 2023-06-13 | by ( Nathan Mcalone | ) www.businessinsider.com time to read: +3 min

Assuming no further delays, the last movie won't come out until 2031 — 22 years after the original. Disney announced a slew of delays on Tuesday including in the Marvel Cinematic Universe. Did you think the delays were over for the "Avatar" franchise? Disney announced a slew of delays on Tuesday that stretched from the Marvel Cinematic Universe to Pandora. Variety reported that while some Marvel delays were due to production issues around the Hollywood labor disputes, the "Avatar" delays were to "allow the post-production and visual effects department to continue expanding, developing and refining the different ecosystems across the vast world of Pandora."

Persons: James Cameron, Jason Guerrasio, Cameron, Guerrasio, Jon Landau Organizations: Disney, Marvel, Variety Locations: Hollywood

☆ Markets are making a bet that inflation is finally starting to ease
▼ + stars: | 2023-06-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

There is "good news for both inflation and growth," Evercore ISI Chair Ed Hyman said in a client note Tuesday. Fed officials already had been largely discounting shelter prices that they expect to recede through the year. Core services inflation "is likely to slow significantly for the rest of this year and next," Hyman wrote. To be sure, inflation is likely to remain a problem ahead, and Fed officials have stated multiple times that the current level is too high . Both increases "should also be an important reminder to markets and Fed officials," Citigroup economist Andrew Hollenhorst wrote Wednesday.

Persons: bank's, Ed Hyman, Hyman, —, Christopher Waller, Andrew Hollenhorst, Janet Yellen, Yellen, we're Organizations: Federal Reserve, Fed, PMI, Reserve Bank of Australia, Bank of Canada, Citigroup

But in the process of jogging his memory, things got complicated, and confusing, and messy because her ex didn’t remember anything, including their breakup. He amplified or even brought out for the first time these qualities that you didn’t know you had. He didn’t know he was about to start a graduate program at Central Saint Martins or that he lived in a dilapidated warehouse in Whitechapel with a pet rabbit. tyler wetherallAnd I used the excuse that, often, he didn’t remember our conversations. tyler wetherallHe had asked — Sam had asked a friend of his why I didn’t visit more often.

Persons: anna martin Hey, it’s Anna, I’ve, Kim Cattrall, I’ll, Daniel Jones, Miya Lee, ” It’s, That’s, anna martin, ” I’m Anna Martin, we’ve, tyler wetherall, — “, anna martin Tyler Wetherall, Tyler Wetherall, ” tyler wetherall, Sam, ” anna martin, You’d, anna martin Wait, — anna martin You, anna martin You, tyler, anna martin Oh, — tyler, anna martin —, he’s, tyler wetherall Oh, anna martin Well, Tyler, ’, ‘, ‘ that’s, ’ ” anna martin, anna martin Ooh, anna martin That’s, anna martin Ugh, anna martin He’d, “, —, ” anna martin Sam, He’d, you’ll, anna martin Wow, anna martin I, tyler wetherall I’ll, we’re, Pete, Lawrence, tyler wetherall Totally, tyler wetherall It’s, anna martin Right, she’d, — Sam, she’s, he’d, anna martin It’s, tyler wetherall There’s, anna martin Sure, We’d, ” We’d, you’d, anna martin Absolutely, hadn’t Organizations: Tribeca Festival, The New York Times, Chelsea, Central Saint Martins Locations: New York, Sam, Whitechapel

☆ These 20 US airports had the worst delays last summer
▼ + stars: | 2023-05-27 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +2 min

Last summer, 22.9% of scheduled US flights arrived more than 15 minutes late at their destination. During the summer of 2019, 18.2% of flights were delayed, only marginally better than in 2022. Airports in New York and Orlando tend to record a high percentage of delays regardless of the year. Memorial Day weekend is kicking off what's expected to be a very busy air travel season, and many are wondering: is it going to be as bad as last summer? Take a look at the 20 airports with the worst delays — calculated by the percentage of flights leaving the airport and arriving more than 15 minutes late to their destination — for the summer of 2022, ranked from best to worst:

☆ Here are stocks to own to take the debt ceiling, bond market out of your investing equation
▼ + stars: | 2023-05-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +18 min

Are the travails of the bond market, like Macbeth expounds, a "tale told by an idiot, full of sound and fury, signifying nothing?" The billionaire class — so incorrectly sought after by the media — so often seems to use the bond market as a sort of intellectual cudgel. That's why I always start my discussion on bonds with the simple query of "where are the layoffs, not forget about stocks, think fixed income." Here the bond market polices only those companies that haven't pivoted to making a profit. They, among all sectors, could be pummeled by the bond market freeze and by the consumers' paralysis.

☆ Big Pharma Is Avoiding Taxes, and Trump’s Tax Reforms Made It Worse - The New York Times
▼ + stars: | 2023-05-12 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

On Thursday, Brad Setser of the Council of Foreign Relations — esteemed by cognoscenti for his forensic analyses of balance of payments data — testified to a Senate committee about global tax avoidance by pharmaceutical companies. This issue may not have loomed large on many people’s radar screens, and with everything else going on you may wonder why you should care. About pharma: The U.S. health care system, unlike health systems in other countries, isn’t set up to bargain with drug companies for lower prices. In fact, until the Biden administration passed the Inflation Reduction Act, even Medicare was specifically prohibited from negotiating over drug prices. As a result, the U.S. market has long been pharma’s cash cow: On average, prescription drugs cost 2.56 times — 2.56 times — as much here as they do in other countries.

☆ Bowlero, the public company that reimagined bowling, faces dozens of discrimination claims that the feds want to settle for $60 million
▼ + stars: | 2023-05-11 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +19 min

The 73 EEOC claims brought by individual former employees against the company sparked the larger pattern or practice investigation into age discrimination. Only a fraction of EEOC age discrimination complaints — 2.8% in fiscal 2021 — resulted in reasonable cause determinations, EEOC data show. It went from running six bowling alleys to 272 overnight after it acquired AMF, which was then the largest bowling company in the world and was in bankruptcy. The following year, Shannon's company acquired the Brunswick Corporation, the second-largest bowling company in the world, and changed his company's name to Bowlero. Dowe said negotiations fell apart when Bowlero countered the EEOC's $60 million settlement proposal with a proposal of $500,000.

☆ Why Should Charles III Be King?
▼ + stars: | 2023-05-05 | by ( Tanya Gold | ) www.nytimes.com time to read: +7 min

King Charles(Francis Xavier,Professor X) III Prof. King Charles III, a telepath and the leader of the X-Men, is powerfully gifted, like the real Charles III (a noted gardener and watercolorist). King Charlize (Theron) III Charlize III is a gifted actor, which all good monarchs need to be, and an extraordinarily beautiful woman. King Charles III, theMadame Tussauds waxwork Wax Charles III lives in Madame Tussauds on Baker Street, and more people met him in 2022 — 2.5 million — than the real king will meet during his whole reign. King Charlie (Sheen) III Another actor, who has the advantage of already being from a famous dynasty: his father played Jed Bartlet, the philosopher king from “The West Wing.” King Charlie (Sheen) III would be handsome but not as handsome as King Charlize (Theron). King Charles (Dickens) III could not function in a country with failing public services and a system that taxes earnings, not wealth.

☆ Premarket stocks: Why a US recession is probably coming
▼ + stars: | 2023-05-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

That would catapult the United States into recession during the second half of 2023 (Europe and the UK will feel it even earlier). It’s possible that the economy sees disinflation in a way that it hasn’t in previous cycles.”Has the gig economy peaked? So is the height of the gig economy behind us? “It hasn’t changed anything about the odds of a recession,” the chief executive said in response to a question from CNN during a press call. “Down the road, rates going way up, real estate, recession — that’s a whole different issue.

☆ Major Wall Street firm sees a breakout in luxury stocks — and lists three reasons why ETFs are a great way to play it
▼ + stars: | 2023-04-29 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

As luxury stocks make waves overseas, State Street Global Advisors believes investors should consider European ETFs if they want to capture the gains from their outperformance. Bartolini lists price momentum as a third driver of the investor shift. His SPDR Euro Stoxx 50 ETF (FEZ) is considered a broad European ETF. While the fund's top holding is LVMH at 7.29%, according to the company's website, Bartolini contends the shift applies beyond luxury stocks and to lower-end consumer stocks. His firm's website lists French cosmetics company L'Oreal — which is up almost 30% this year — as another one of his fund's major holdings.

Search resuls for: "— 2"

25 mentions found