DIRS.INFO The most relevant business & tech news

But as Republican presidential hopefuls including Florida Governor Ron DeSantis and former President Donald Trump crisscross the country, they have instead focused on hot-button issues like immigration and transgender participation in youth sports. A broad majority of voters in both parties believe the debt ceiling presents a good opportunity to debate public policy priorities, according to a Reuters/Ipsos poll conducted in March. Still, it is unclear how much Republican primary voters know about the debt limit debate - or even care - campaign aides and strategists said. Of nine attendees interviewed by Reuters at the town hall meeting held by Haley, none mentioned the debt ceiling as one of their top concerns. Others have addressed the debt ceiling in the past, but only in general terms.

☆ 9 bits of wisdom that my mentors from PayPal, Facebook, and LinkedIn gave me that I still use today as a CEO
▼ + stars: | 2023-05-02 | by ( Deb Liu | ) www.businessinsider.com time to read: +15 min

Mentors can give us advice and guidance, helping us in ways that others, who are too close to the problem, never can. When I sought her advice, she didn't tell me where I should choose to go; instead, she gave me this kernel of wisdom. He advised me to defer my acceptance and try to get into business school instead. I was about to learn that the skills that make you a great individual contributor PM do not always make you a great manager. If you don't have a mentor, I highly recommend finding one (check out my last post on mentors for tips!).

☆ Time for daily talks between Biden, Republicans on debt, moderate Democrat says
▼ + stars: | 2023-04-28 | by ( David Morgan | ) www.reuters.com time to read: +3 min

WASHINGTON (Reuters) - A prominent moderate U.S. House of Representatives Democrat said Friday that it is time for President Joe Biden to begin daily talks with Republicans on government spending and debt, to avoid a calamitous default. REUTERS/Elizabeth FrantzRepresentative Josh Gottheimer rejected Republican demands to raise the $31.4 trillion debt ceiling only in exchange for deep spending cuts. “It’s critically important that all the parties sit down at the White House with the president and start having these conversations. That’s not negotiable,” Biden said on Wednesday, the day House Republicans narrowly passed their own legislation this week to lift the debt ceiling in exchange for sharp spending cuts. Gottheimer said it doesn’t matter whether the debt ceiling is considered together with spending and deficits or looked at separately.

☆ Markets are ignoring recession signals because a downturn might actually ease a handful of problems facing stocks
▼ + stars: | 2023-04-24 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Today we're diving into how a recession could affect the stock market — and why it may not be all bad in the eyes of investors. Traders gather on the floor of the New York Stock Exchange, Friday, March 18, 2016. Markets so far this year haven't acted like they're too concerned about a recession, and that's no accident, according to DataTrek Research. : Sticky, high prices have weighed on stocks, but a slowdown would alleviate this. Falling productivity in the labor market: A recession could stop companies from hoarding workers, which could improve profit margins.

☆ Strikes cripple German rail network, four airports
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +1 min

The walkout, organised by the EVG union, was due to run from 3 a.m. (0100 GMT) to 11 a.m, though the train network was expected to be impacted for the whole day. State-owned Deutsche Bahn said all its long-distance connections would be cancelled until 1 p.m. and that few commuter trains would run. Deutsche Bahn has offered 5% and one-off payments of up to 2,500 euros. Friday's transport strike was set to coincide with a walkout at four German airports - Duesseldorf, Hamburg, Cologne Bonn and Stuttgart - by members of the Verdi union. ($1 = 0.9118 euros)Writing by Rachel More, Editing by Friederike Heine and John StonestreetOur Standards: The Thomson Reuters Trust Principles.

☆ Vladimir Putin is planning the best way to attack the UK by sending spy ships to map infrastructure on the British coast, British MP says
▼ + stars: | 2023-04-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

A British MP has warned that Russian leader Vladimir Putin is scouting out ways to attack the UK. MP Bob Seely said sabotaging undersea cables in the area would cripple the UK if war breaks out. Seely, whose constituency covers the UK's southernmost territory on the British coast, said the UK and its northern allies are "dangerously exposed at sea." One of his chief concerns is that much of the UK's energy is supplied via undersea cables between Britain and Europe. Seely urged the UK to take new measures to protect undersea cables, saying it can "naturally lead" its allies in bolstering maritime defenses.

☆ Russia minted 22 new billionaires last year, even as the West slapped sanctions on the country to try to cripple it financially
▼ + stars: | 2023-04-21 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Russia minted 22 new billionaires in 2022, per Forbes World's Billionaires List. There are now 105 Russian billionaires worth $474 billion collectively — up from $320 billion on-year. The fortunes of some Russian billionaires have been boosted by high commodity prices. In the US, 735 billionaires saw $200 billion wiped off their collective net worth between March 2022 and 2023, per Forbes. In China, 735 billionaires saw their net worth crash by $300 billion in the same period, per Forbes.

☆ The credit crunch is here and it could cripple the economy. Here's what Larry Summers, Nouriel Roubini and 7 other experts have said on the emerging threat.
▼ + stars: | 2023-04-20 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +6 min

Latest bank lending data suggests the credit crunch "has already started," according to Morgan Stanley strategists. Here's a selection of recent warnings on the emerging threat from experts including Larry Summers, David Solomon, Mike Wilson, Nouriel Roubini and Bill Gross. Apollo Asset Management's Jim Zelter told Bloomberg "it's not a credit crunch" but rather a "transition period" as markets face higher debt costs. "That credit crunch is going to make the likelihood of a recession — a hard landing — much greater than before. "Whether this qualifies as a full-blown 'credit crunch' remains to be seen.

☆ 'More than 50% chance' China will invade Taiwan in the next 10 years, says former US national security adviser
▼ + stars: | 2023-04-20 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

China's likelihood of invading Taiwan in the next decade is "more than 50%," Matthew Pottinger said. Pottinger, a US Marine veteran and a former China reporter for Reuters and The Wall Street Journal, worked as deputy national security adviser from September 2019 to January 2021. He was the Trump administration's top adviser on China and North Korea at the time and one of its longest-serving aides. "I suspect that he is going to make this his legacy achievement," Pottinger told The Post. "The CCP should be thought of as a hungry shark that will keep eating until its nose bumps into a metal barrier," Pottinger told congressional leaders.

☆ House Republicans chart new strategy to pressure Biden, Democrats
▼ + stars: | 2023-04-16 | by ( David Morgan | ) www.reuters.com time to read: +6 min

Any proposal Republicans introduce would need to be negotiated with Biden's Democrats, who control the Senate, before it could become law. The White House, which is leading the Democrats' approach to the debt ceiling, has dismissed the Republican proposals as unrealistic. That would set the stage for another debt ceiling debate in the closing months of the 2024 presidential campaign. Biden and McCarthy met at the White House in February to discuss the standoff, but they have not held further talks as the administration has called on House Republicans to release a budget proposal. Some Republicans also favor the clean debt ceiling increase that Biden has demanded.

☆ U.S. House Republicans chart new strategy to pressure Biden, Democrats
▼ + stars: | 2023-04-16 | by ( David Morgan | ) www.reuters.com time to read: +6 min

☆ Opinion | This Is Too Important to Leave to Microsoft, Google and Facebook
▼ + stars: | 2023-04-16 | by ( Ezra Klein | ) www.nytimes.com time to read: +3 min

The White House’s Blueprint for an A.I. But where the European Commission’s approach is much too tailored, the White House blueprint may well be too broad. system today comes close to adhering to the framework, and it’s not clear that any of them could. so it can concentrate on systems that will more reliably serve state interests. China insists, for example, that “content generated through the use of generative A.I.

☆ Top U.S. Senate Republican Mitch McConnell to return to Washington Monday
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, April 13 (Reuters) - Top U.S. Senate Republican Mitch McConnell said on Thursday that he will return to the Senate next week, more than a month after he was sidelined by a bad fall and as talks over the nation's looming $31.4 trillion debt ceiling shift to a higher gear. The 81-year-old Kentucky Republican, who is the longest-serving Senate party leader in history, tripped at a Washington dinner on March 8 and was admitted to a hospital for treatment of a concussion. McConnell was one of three lawmakers sidelined in the Senate, which Democrats control by a narrow 51-49 majority. Democratic Senator Feinstein, 89, is recuperating from a bout of shingles amid calls for her resignation from fellow Democrats. On Wednesday, Feinstein said her return to the Senate was delayed and that she would temporarily step down from the Senate Judiciary Committee.

☆ Donald Trump Deposed by New York Attorney General
▼ + stars: | 2023-04-13 | by ( Corinne Ramey | ) www.wsj.com time to read: 1 min

Donald Trump answered questions under oath Thursday from lawyers for New York Attorney General Letitia James , as her office prepares for a trial later this year on its allegations that the former president and others engaged in civil fraud. The deposition marked Mr. Trump’s second with lawyers for Ms. James, who has accused the former president, his business and three of his adult children of a decadelong scheme to falsely value real-estate assets. The lawsuit seeks $250 million in alleged ill-gotten gains, in addition to asking a judge to effectively cripple the Trumps’ ability to operate their company in New York. Mr. Trump has denied wrongdoing and said that Ms. James, a Democrat, is motivated by politics.

☆ In Germany, King Charles honours victims of WWII allied bombings
▼ + stars: | 2023-03-31 | by ( Phil Noble | ) www.reuters.com time to read: +3 min

- Britain's Royal Couple is on a three-day tour in Germany for Charles' first state visit as king, with the trip billed as "an important European gesture" to maintain strong ties after Brexit. The gesture comes on the last day of Charles' three-day tour of Germany, his first overseas state trip since ascending the British throne last year designed to strengthen bilateral and European ties. "Together we must be vigilant against threats to our values and freedoms, and resolute in our determination to confront them." "I am looking forward to seeing Hamburg’s plans to use hydrogen in its efforts to become a fully sustainable port." Throughout his visit, German officials have praised his interest in environmental causes and sustainability that has shone through in the engagements he has chosen to undertake.

☆ Here's why recent moves by the SEC and CFTC may be just the start of crypto's regulatory troubles
▼ + stars: | 2023-03-29 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +6 min

Both the SEC and the CFTC have taken action against the crypto industry in the last few weeks. He added: "At the end of the day industry participants are searching for regulatory clarity, which has not yet been achieved." "Compliance and regulatory efforts are expensive, but necessary, the personnel will be almost as important as tech people," Yang told Insider. Markets could face more volatility following a crackdown because crypto prices are often sensitive to regulatory news. This, however, would require a widespread effort and coordination between financial regulators, industry participants, and legislators.

☆ Biden pushes for Republican proposal in U.S. debt-ceiling standoff
▼ + stars: | 2023-03-28 | by ( David Morgan | ) www.reuters.com time to read: +3 min

Biden urged the top congressional Republican to spell out his proposals before lawmakers leave Washington for a two-week recess set to start on Thursday. McCarthy told CNBC earlier that he was prepared to lay out $4 trillion in spending cuts for Biden, if he would agree to meet. Republicans have not yet produced a budget plan of their own and could be weeks or months away from doing so. McCarthy's proposals, though lacking detail, paralleled the demands of hard-right House Republicans far more closely than ideas put forward by moderate Republicans. Republicans have sought to blame Biden, but only Congress has the authority to raise the debt ceiling.

☆ McCarthy urges Biden to start debt talks, Democrats say he has no plan
▼ + stars: | 2023-03-28 | by ( David Morgan | ) www.reuters.com time to read: +2 min

In a letter to Biden, McCarthy proposed scaling back domestic spending, clawing back unspent COVID-19 relief funds and other changes that he said would save trillions of dollars. But his Republicans have not yet produced a budget plan of their own and could be weeks or months away from doing so. Biden, a Democrat, has insisted that Republicans who control the House instead raise the $31.4 trillion debt ceiling without conditions and produce a fiscal 2024 spending plan before he will engage in talks about spending. Republicans have sought to blame Biden, but only Congress has the authority to raise the debt ceiling. "The only thing missing is a real plan," Democratic Senate Majority Leader Chuck Schumer said in a floor speech.

BERLIN/FRANKFURT, March 27 (Reuters) - A massive strike in Germany was set to begin early Monday, crippling mass transport and airports in one of the biggest walkouts in decades as Europe's largest economy reels from soaring inflation. But officials in Germany have made clear that their fight is only about pay. The Verdi union is negotiating on behalf of around 2.5 million employees in the public sector, including in public transport and at airports. Railway and transport union EVG negotiates for around 230,000 employees at railway operator Deutsche Bahn (DBN.UL) and bus companies. Employers are also warning that higher wages for transport workers would result in higher fares and taxes to make up the difference.

☆ Banks could become a sector of 'haves and have nots.' How the 'Halftime' Traders are preparing
▼ + stars: | 2023-03-20 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

"This is a classic example of a company that's gonna do well when all the other banks are not," Sethi said on CNBC's "Halftime Report." Shares of New York Community Bancorp surged more than 35% Monday, rebounding from losses of 11.3% and 14.6%, respectively, the past two weeks. The announcement made her think, "the game has changed for New York Community Bank." "One bank's loss is going to be another bank's gain, and that's exactly what this is." NYCB FRC,KRE 1M mountain New York Community Bancorp, First Republic and the KRE's past month

☆ Fed rate hike campaign in question as bank stocks swoon
▼ + stars: | 2023-03-15 | by ( Lindsay Dunsmuir | Ann Saphir | ) www.reuters.com time to read: +5 min

Financial markets now expect interest-rate cuts as soon as May or June, with the Fed policy rate seen ending the year a full percentage point lower than it is now. Trader bets and actual Fed policy decisions often diverge, and analysts caution against taking the market view as gospel. Interest rates should pause until the degree of demand destruction can be evaluated.”WILD SWINGSExpectations for the U.S. central bank’s next move have swung wildly in recent days. Now, with the banking crisis seemingly rekindled and banking stocks again under pressure, traders are looking for one more Fed rate hike if that, and then a string of interest-rate reductions, with the rate ending this year in a 3.5%-3.75% range. “It’s conceivable that we’ve seen the peak in market interest rates this cycle,” said John Lynch, chief investment officer for Comerica Wealth Management.

☆ Applying large banking regulations to small banks could cripple the sector: Mick Mulvaney
▼ + stars: | 2023-03-15 | 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 EmailApplying large banking regulations to small banks could cripple the sector: Mick MulvaneyFormer White House chief of staff Mick Mulvaney and former U.S. Congresswoman Donna Edwards join 'Squawk Box' to discuss mistakes from the banking collapse of 2008 the country wants to prevent, what the SVB collapse suggests about the banking industry, and more.

☆ Trump lawyers complain there's so much evidence against Trump Org that they don't have time to review it
▼ + stars: | 2023-03-06 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

The NY attorney general's Trump Org fraud case is huge, the defense says in seeking a trial delay. The heftiness of Attorney General Letitia James' evidence was described by the defense in a recent court filing. The evidence filled four computer hard drives that the attorney general turned over to the defense in December. She is seeking to bar Donald Trump, Donald Trump Jr., Ivanka Trump, and Eric Trump from selling, buying, borrowing against or collecting rent from any property in the state. Trump's legal team has maintained that the attorney general is waging a politically-motivated "witch hunt" against him and his company.

☆ Russia journal: Moscow mulls possible use of nuclear arms to fend off US attack -RIA
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +2 min

[1/2] A general view shows buildings damaged by a Russian military strike, amid their attack on Ukraine, in the frontline city of Bakhmut, in Donetsk region, Ukraine February 27, 2023. REUTERS/Alex BabenkoMarch 2 (Reuters) - A Russian defence ministry journal says Moscow is developing a new type of military strategy using nuclear weapons to protect against possible U.S. aggression, RIA news agency reported on Thursday. This, it continued, "presupposes the use of modern strategic offensive and defensive, nuclear and non-nuclear weapons, taking into account the latest military technologies". Russian President Vladimir Putin last week suspended a landmark nuclear arms control treaty, announced new strategic systems had been put on combat duty, and threatened to resume nuclear tests. Although Moscow says it would only use nuclear weapons in case Russia's territorial integrity were threatened, Putin allies have regularly suggested calamity could be close.

☆ Russian internet speeds drop on hardware shortage, research finds
▼ + stars: | 2023-03-01 | by ( Alexander Marrow | ) www.reuters.com time to read: +2 min

The country's largest telecoms operators, including MTS (MTSS.MM) and Megafon disputed the research, saying they had noted increased speeds in February, both in Moscow and beyond. It also said a fall in mobile internet traffic in Moscow had contributed to a rise in speeds there. MTS said it had noted increased traffic and mobile internet speeds in the regions, recording no decrease. "MTS is constantly working to expand network capacity, and telecoms operators and regulators are engaged in dialogue aimed at removing administrative barriers and stimulating the industry's development," it said. Rival Megafon said the median mobile internet speed on its network in regions excluding Moscow was 14% higher in February year-on-year, and up 18.5% in the capital.

Search resuls for: "Cripple"

25 mentions found