DIRS.INFO The most relevant business & tech news

☆ Atos falls 18% as embattled French IT firms weighs rescue deals set to result in 'massive dilution'
▼ + stars: | 2024-06-03 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

This photograph taken on April 26, 2024 shows the headquarters of the French multinational information technology company ATOS in Bezons, near Paris. (Photo by Ludovic MARIN / AFP) (Photo by LUDOVIC MARIN/AFP via Getty Images)Shares of the struggling French IT firm Atos tumbled on Monday as the company weighs between two rescue deals both set to lead to "massive dilution" of existing shareholders. The two restructuring deals on the table are led by Czech billionaire Daniel Kretinsky and key Atos shareholder David Layani. "The implementation of the proposals will result in all cases in a massive dilution of the existing shareholders of Atos SE," Atos said in a statement on Monday. The company said it was working with financial creditors to secure maximum support for one of the deals by June 5, aiming to reach final agreement on restructuring in July.

Persons: Ludovic MARIN, LUDOVIC MARIN, Atos, Daniel Kretinsky, David Layani Organizations: Getty, Atos Locations: Bezons, Paris, AFP, London, Czech

One basis point equal 0.01%. The benchmark 10-year Treasury yield fell more than 3 basis points to 4.518%. The 2-year Treasury yield was down more than 1 basis point to 4.912%. U.S. Treasury yields were slightly lower on Friday after the Federal Reserve's preferred inflation data came in mostly in line with economist expectations. Fed officials have repeatedly indicated that they are looking for more data evidence that inflation is easing before moving to cut rates, and that patience would be required.

Persons: Dow Jones Organizations: Treasury, U.S, Federal, PCE, Fed

☆ Temperatures in India hover at record highs as heatwave grips the country
▼ + stars: | 2024-05-30 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

NEW DELHI, INDIA - MAY 29: Residents of JJ Cluster Vivekanand Colony at Chanakyapuri fill up water from a tanker in the morning on May 29, 2024 in New Delhi, India. Temperatures have hovered near 50 degrees Celsius (122 degrees Fahrenheit) in Delhi, according to the Indian Meteorological Department. Some local weather stations reported highs of 49.9 degrees Celsius on Tuesday, above Delhi's previous record temperature of 49.2 degrees, which was logged in May 2022. Other weather stations in Delhi measured temperatures on Wednesday ranging from 45.2 to 49.1 degrees Celsius. The area of Narela cooled by as many as 1.5 degrees from Tuesday, while temperatures in many other sites rose further.

Persons: Vipin Kumar Organizations: Hindustan Times, Getty, Indian Meteorological Department, Reuters Locations: DELHI, INDIA, Chanakyapuri, New Delhi, India, Delhi, heatstroke

☆ Nutritional needs are 'shifting' amid rise of weight loss drugs, says Nestle CEO
▼ + stars: | 2024-05-30 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +4 min

In this article NES.N-CH Follow your favorite stocks CREATE FREE ACCOUNTwatch nowThe meteoric rise of weight loss drugs means consumers' nutritional needs are "shifting" which provides new opportunities for food companies, Nestle CEO Mark Schneider told CNBC. "I think what since has emerged is that nutritional needs don't go away. So, you know before, during, after GLP-1 therapy — consumers still have nutritional needs, but they may be different from someone who is not on a weight loss regimen." According to Schneider, consumers who are on weight loss medication simply have different nutritional needs. Nestle is also planning other "companion offerings" for consumers taking weight loss drugs, both in the U.S., where Vital Pursuit products will launch, and elsewhere, Schneider said.

Persons: Mark Schneider, Schneider, CNBC's Silvia Amaro, Nestle, they're Organizations: Nestle, CNBC, Investors Locations: Swiss, U.S

☆ Treasury yields fall as investors look to key data
▼ + stars: | 2024-05-30 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the 10-year Treasury yield was down by 3 basis points at 4.594%, falling back below the 4.6% mark it had crossed Wednesday for the first time in a month. The 2-year Treasury yield was last at 4.966% after falling by nearly 2 basis points. U.S. Treasury yields were lower on Thursday as investors looked ahead to key economic data and assessed the state of the economy. Investors awaited key economic data due toward the end of the week, with the latest personal consumption expenditures price index figures due Friday. Policymakers have in recent weeks indicated that interest rate cuts may be a while off, with Minneapolis Fed President Neel Kashkari telling CNBC that it could take "many more months of positive inflation data" before he would support rate cuts.

Persons: Neel Kashkari Organizations: U.S, Treasury, Investors, PCE, Federal, Minneapolis, CNBC

☆ Turbulence-hit Singapore Airlines flight fell 54 meters in less than five seconds, investigation finds
▼ + stars: | 2024-05-29 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

An Airbus A350-941 from Singapore Airlines is preparing to take off on the runway at Barcelona-El Prat Airport in Barcelona, Spain, on May 1, 2024. The Singapore Airlines flight that encountered severe turbulence on its way from London to Singapore dropped 54 meters in less than five seconds, preliminary findings released Wednesday showed. The Transport Safety Investigation Bureau of Singapore said the sharp altitude drop as well as changes to gravitational forces likely caused the injuries. This sequence of events likely caused the injuries to the crew and passengers," the report said Wednesday. The changes in gravitational forces "likely resulted in the occupants who were not belted up to become airborne," the report said.

Organizations: Airbus, Singapore Airlines, El, Transport Safety Investigation Locations: Barcelona, Spain, London, Singapore

☆ 10-year Treasury rises as investors weigh state of economy
▼ + stars: | 2024-05-29 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was up by over two basis points to 4.5639%, holding above the 4.5% mark it initially crossed Tuesday. The 2-year Treasury yield was last less than one basis points higher to 4.9580%. U.S. Treasury yields were higher on Wednesday as investors considered the state of the economy and digested a weak auction on the five-year note. Yields climbed higher Tuesday after a Treasury Department auction of 5-year notes worth $70 billion saw weak demand. Investors also considered how the economy is faring and awaited fresh economic data due throughout the week which could inform Federal Reserve policymaking.

Persons: Neel Kashkari Organizations: Treasury, U.S, Treasury Department, Federal, Minneapolis, Tuesday, CNBC, Fed

☆ GameStop shares rise 25% in premarket trading after $933 million stock sale
▼ + stars: | 2024-05-28 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: 1 min

A trader works as a screen displays the trading information for GameStop on the floor at the New York Stock Exchange on May 15, 2024. GameStop shares rose 25% in premarket trading on Tuesday after the company on Friday announced that it had made around $933 million from a stock sale. Shares in the videogame retailer were up 25.11% at 6:43 a.m. ET in the U.S. Markets are set to re-open on Tuesday after remaining closed on Monday for Memorial Day. GameStop said on Friday it made close to $933.4 million by selling 45 million common shares.

Persons: GameStop Organizations: GameStop, New York Stock Exchange, U.S . Locations: U.S

☆ Singapore Airlines tweaks its in-flight seatbelt sign policies after fatal incident
▼ + stars: | 2024-05-24 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Singapore Airlines ranked as the No. Singapore Airlines altered its in-flight seatbelt rules and changed at least one flight route following Tuesday's turbulence incident which led to an emergency landing in Bangkok . The interior of Singapore Airline flight SQ321 is pictured after an emergency landing at Bangkok's Suvarnabhumi International Airport, Thailand, May 21, 2024. Singapore Airlines said in a separate statement that a total of 44 passengers and two crew remain in hospital. Turbulence-related incidents are the most common type of accident suffered by commercial airlines, according to the U.S. National Transportation Safety Board.

Persons: Tuesday's, Bangkok's, CNBC's Sophie Kiderlin Organizations: Singapore Airlines, SIA, CNBC, Singapore Airline, Singapore Boeing, Srinakarin Hospital, Associated Press, AP, U.S . National Transportation Safety, NTSB, Aviation Safety Network Locations: Bangkok, Thailand, London, Singapore, Myanmar, Bengal

☆ Fed officials seem like they have ‘no idea’ what is going on with U.S. inflation, strategist says
▼ + stars: | 2024-05-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

"I think the message that's coming through is that they have no idea what's going on," Howard said on CNBC's "Squawk Box Europe" on Wednesday. Fed Governor Christopher Waller on Tuesday said that he needed to see further data evidence that inflation was softening before supporting rate cuts. Waller's comments were echoed by other Fed officials on Tuesday, including Boston Fed President Susan Collins. 'A credibility problem'But Fed officials have not come out with a clear message about their expectations or to address why inflation remains elevated, GAM's Howard said. "And now [policymakers] think inflation is coming down but its not coming down fast enough," he said.

Persons: Valerie Plesch, Julian Howard, Howard, Christopher Waller, Waller's, Susan Collins, GAM's Howard, They've Organizations: Eccles Federal, Bloomberg, Getty, Federal, GAM, Fed, Peterson Institute for International Economics, Boston Fed, Atlanta Federal Reserve Locations: Washington , DC, U.S, Washington

☆ U.S. Treasury yields rise as investors weigh Fed speaker comments
▼ + stars: | 2024-05-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

ET, the 10-year Treasury yield was up by over two basis points to 4.4374%. The 2-year Treasury yield was last at 4.8626% after rising by nearly three basis points. U.S. Treasury yields were higher on Wednesday as investors considered the latest comments from Federal Reserve speakers about the outlook for inflation and interest rates. A series of Fed officials on Tuesday urged patience when it comes to rate cuts as inflation remains above the Fed's 2% target. On Wednesday, further Fed officials are set to give remarks and minutes from the central bank's latest meeting are due to be released.

Persons: Christopher Waller, Susan Collins, Raphael Bostic Organizations: U.S, Treasury, Federal Reserve, Boston Fed, Atlanta Fed

☆ AstraZeneca targets $80 billion in total revenue by 2030 in 'post-Covid era'
▼ + stars: | 2024-05-21 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Costfoto | Future Publishing | Getty ImagesLONDON — Pharmaceutical company AstraZeneca on Tuesday said it planned to increase its total revenue to $80 billion by 2030 — up 75% from $45.8 billion in 2023. AstraZeneca will focus on its oncology, biopharmaceuticals and rare diseases businesses and expects to release an additional 20 medicines in the next six years. "Many of them have the potential to be $5 billion drugs," Sarin noted. A company statement detailed that this revenue figure could be hit annually for many of the new medicines in peak years. "For the entire market to get replaced it will take time, but we think we have the technology today to start replacing them," Sarin told CNBC.

Persons: CNBC's Arabile Gumede Organizations: Astrazeneca, Artificial Intelligence, — Pharmaceutical, AstraZeneca, CNBC, U.S . FDA, Pharmaceuticals, Investments Locations: Shanghai, China, Europe, London, Singapore

☆ Treasury yields hold steady as investors weigh inflation, interest rate outlook
▼ + stars: | 2024-05-21 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by less than one basis point to 4.4335%. The 2-year Treasury yield was last at 4.8371% after rising by less than one basis point. U.S. Treasury yields were little changed on Tuesday as investors considered the path ahead for inflation and interest rates following a series of remarks from Federal Reserve speakers. Investors assessed the state of the economy, especially regarding inflation, and how this may affect interest rates. On the data front, existing as well as new home sales figures and durable goods orders data are due this week.

Persons: Philip Jefferson, Michael Barr, Barr Organizations: Treasury, Federal Reserve, Investors, Fed

☆ One dead as Singapore Airlines flight encounters 'severe turbulence'
▼ + stars: | 2024-05-21 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

One person died aboard a Singapore Airlines flight which encountered severe turbulence and diverted to Bangkok, the airline said Tuesday. The flight had left London for Singapore. "Singapore Airlines flight #SQ321, operating from London (Heathrow) to Singapore on 20 May 2024, encountered severe turbulence en-route. The aircraft diverted to Bangkok and landed at 1545hrs local time on 21 May 2024," it added. The Aviation Safety Network has recorded seven incidents for Singapore Airlines, last logging fatalities for one of the company's flights in October 2000, when 83 people were said to have died.

Organizations: Singapore Airlines, Suvarnabhumi, Boeing, Facebook, Aviation Safety Network Locations: Bangkok, London, Singapore

☆ WikiLeaks founder Julian Assange can appeal extradition to U.S., UK court rules
▼ + stars: | 2024-05-20 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

LONDON, ENGLAND - MAY 19: Julian Assange gestures as he speaks to the media from the balcony of the Embassy Of Ecuador on May 19, 2017 in London, England. Photo by Jack Taylor/Getty Images) Jack Taylor | Getty Images News | Getty ImagesLONDON — WikiLeaks founder Julian Assange has the right to appeal against his extradition to the U.S., a high court in London found Monday. The U.K. court also requested assurances that Assange would not face the death penalty. Assange supporters celebrateStella Assange, wife of WikiLeaks founder Julian Assange, speaks outside court after the ruling to grant permission for appeal, on May 20, 2024 in London, England. Peter Nicholls | Getty Images News | Getty Images

Persons: Julian Assange, Jack Taylor, Edward Fitzgerald, Assange, Benjamin Cremel, Fitzgerald, James Lewis, Stella Assange, Peter Nicholls Organizations: Getty, WikiLeaks, Reuters, of Justice, Britain's, Afp, Royal, Monday, U.S Locations: ENGLAND, Ecuador, London, England, U.S, Afghanistan, Iraq, Ecuadorian

☆ Treasury yields hold steady as investors look to data, Fed speaker comments in week ahead
▼ + stars: | 2024-05-20 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury yield was at 4.4179% after falling by less than one basis point. The 2-year Treasury yield was last up by less than one basis point to 4.8180%. U.S. Treasury yields were little changed on Monday as investors looked ahead to fresh economic data and comments from Federal Reserve officials slated for the week. Investors awaited the latest economic data and comments from Federal Reserve officials as they weighed the state of the economy and the outlook for interest rates. The Fed left interest rates unchanged at its last meeting, and indicated that interest rates would not be cut until policymakers were more confident about inflation easing to its 2% target.

Organizations: U.S, Treasury, Federal Reserve, Investors, CPI

☆ Treasury yields little changed as investors weigh state of the economy
▼ + stars: | 2024-05-17 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was up by less than one basis point 4.3788%. The 2-year Treasury yield was last at 4.7799% after dipping by just over one basis point. U.S. Treasury yields held steady on Friday as investors considered the state of the economy as they digested the week's economic data. Investors weighed the state of the U.S. economy and the path ahead for monetary policy after the latest economic data and comments from Federal Reserve officials. Fed officials in recent weeks have indicated caution when it comes to monetary policy plans, especially regarding interest rate cuts.

Persons: Dow Jones, Raphael Bostic Organizations: Treasury, Investors, Federal Reserve, Atlanta Fed Locations: U.S

☆ Taylor Swift's Eras Tour could give the UK economy a $1.2 billion boost
▼ + stars: | 2024-05-16 | by ( Vicky Mckeever | ) www.cnbc.com time to read: +2 min

Taylor Swift performs during The Eras Tour at the National Stadium in Singapore on March 2, 2024. Taylor Swift's Eras Tour is set to provide a £997 million ($1.2 billion) boost to the U.K. economy, according to Barclays, which predicts fans will spend an average £848 to see the singer. Barclays' "Swiftonomics" report said the average amount spent on an Eras Tour ticket is £206. The bank also expects ticket-holders to splash out an average of £79 on official merchandise on the U.K. leg of the Eras Tour, which kicks off in June. Based on that total spend of £848 by nearly 1.2 million ticket-holders, across 15 nights at four stadiums, Barclays predicted that the tour will rake in £997 million.

Persons: Taylor Swift, Taylor, Elvis, Beatlemania, Peter Brooks, Swift, Beyoncé, Bruce Springsteen, Filip Andersson, — CNBC's Sophie Kiderlin Organizations: Barclays, Danske Bank, CNBC Locations: Singapore, That's, Stockholm, Sweden

☆ Siemens posts industrial profit drop as automation division slows
▼ + stars: | 2024-05-16 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Karl-Josef Hildenbrand | Picture Alliance | Getty ImagesGerman technology giant Siemens on Thursday reported a drop in profit at its industrial business in the fiscal second quarter and said its automation division had slowed. The company's industrial profit came in at 2.51 billion euro ($2.73 billion) in the three months ending in March, down 2% from the same quarter last year. The figure was also below the company-compiled analyst forecast of 2.68 billion euro which was reported by Reuters. Net income fell to 2.2 billion euro in the three months to the end of March, down 38% year-on-year, while sales shed 1% to 19.16 billion euro. watch nowSiemens focuses on automation and digitalization and produces technology for a range of sectors such as transport and healthcare.

Persons: Karl, Josef Hildenbrand, Roland Busch, CNBC's Annette Weisbach, Busch Organizations: Getty, Siemens, Reuters Locations: Bavaria, Munich, London

☆ Treasury yields fall ahead of fresh consumer inflation figures
▼ + stars: | 2024-05-15 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The 2-year Treasury yield was last at 4.8061% after falling by over one basis point. U.S. Treasury yields were lower on Wednesday is investors considered the outlook for inflationary pressures and awaited the latest consumer price index data. The producer price index for April, which tracks wholesale prices, came in higher than expected on Tuesday. This comes ahead of the consumer price index for April which is expected to be released Wednesday. On an annual basis, inflation is anticipated to slow slightly to 3.4% from 3.5% in March.

Persons: Dow Jones, Jerome Powell Organizations: Treasury, Investors, Labor Department's Bureau of Labor Statistics, PPI, Core CPI

☆ Ukraine war live updates: Blinken visits Kyiv to boost morale as Ukrainian forces battle Russian onslaught in northeast border region
▼ + stars: | 2024-05-14 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Ukraine's security services on Monday said they had prevented "terrorist attacks" by alleged Russian agents in Kyiv that were meant to take place on May 9. Explosive devices were meant to be detonate in several locations in Ukraine's capital Kyiv, including shops, the country's security services said in a Google-translated Telegram post. Explosives were allegedly also meant to be installed in a car that was to be parked near a popular cafe, the security services said. Ukrainian security services used counter-intelligence to identify the man behind the planned attack, they said in another Telegram post. The alleged Russian agent had also planned an attack that was meant to take place in February, which was also thwarted by Ukrainian security services, they said.

Persons: — Sophie Kiderlin Organizations: Explosives, Ukraine's, Monday Locations: Russian, Kyiv, Ukrainian, Moscow

☆ Treasury yields dip as investors await key inflation data
▼ + stars: | 2024-05-14 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by less than one basis point to 4.4747%. The 2-year Treasury yield was last at 4.8400% after falling by over one basis point. U.S. Treasury yields fell slightly on Tuesday as investors awaited fresh inflation data and looked to remarks from Federal Reserve policymakers. Investors looked to fresh key economic data and comments from Federal Reserve officials, scanning them for hints about the path ahead for monetary policy. This is the first of two key inflation reports slated for the week, with the consumer price index for April being expected Wednesday.

Persons: Dow Jones, Jerome Powell Organizations: Treasury, Federal Reserve, Investors, PPI, Dow, CPI

☆ Forget U.S. stocks — UBS says Europe's are a better bet. Here's why
▼ + stars: | 2024-05-14 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Michael M. Santiago | Getty ImagesEuropean stocks are now more attractive than their U.S. counterparts, according to Swiss Bank UBS , with factors such as economic data, interest rates and earnings playing a key role. In a note entitled: "A U-Turn: Favouring Europe over US equities," the bank's strategists said European stocks excluding the U.K. now outrank the U.S. on its "regional scorecard." UBS outlined a number of reasons for its "U-turn," especially given U.S. markets tend to outperform European ones. Indicators tracked by the bank — such as purchasing managers' index (PMI) data — suggest an upside risk to European GDP, and a downside risk to U.S. GDP, the bank said. Some of Europe's central banks have already begun easing, and the European Central Bank is expected to do so as soon as June.

Persons: Michael M Organizations: New York Stock Exchange, Santiago, Getty, Swiss Bank UBS, UBS, U.S, European Central Bank Locations: New York City, U.S, Europe, Japan, Swiss

☆ This global stock could rally 140% on a hydrogen fuel boom, analyst says
▼ + stars: | 2024-05-13 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

WAH-FF 1Y line The number of hydrogen refueling stations, a key focus for Wolftank, has risen by more than 600% to 178 across Europe over the past decade. The company expects revenues from ongoing hydrogen projects to exceed 16 million euros in 2024, with projected figures for 2025 of around 18 million euros. "The company is seeing a great deal of customer interest in its hydrogen refuelling solutions," said Metzler analyst Guido Hoymann. Late last year, Wolftank was awarded a major hydrogen refueling station contract with a public transport provider near Lake Iseo in northern Italy. Last week, the company also revealed that it was awarded two further contracts totaling 6.7 million euros.

Persons: Metzler, Guido Hoymann, Wolftank, Patrick Speck, Miguel Lago Mascato, FactSet, — CNBC's Sophie Kiderlin Organizations: Wolftank, CNBC Locations: Austria, Europe, Germany, Italy, Lake Iseo, Emilia Romagna

☆ Treasury yields dip as investors look to key data this week
▼ + stars: | 2024-05-13 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by nearly 2 basis points at 4.485%. The 2-year Treasury yield was last at 4.844% after falling by more than 2 basis points. U.S. Treasury yields fell slightly Monday as investors looked to key inflation data and comments from Federal Reserve officials slated for the week. Investors awaited key economic data due this week, including April's consumer price index, which is expected Wednesday and will provide fresh insights into whether consumer inflation is easing or sticky. April's producer price index, which tracks inflation on a wholesale level, is also due this week.

Persons: Dow Jones Organizations: Treasury, U.S, Federal Reserve, University of Michigan Survey

Search resuls for: "Sophie Kiderlin"

25 mentions found