DIRS.INFO The most relevant business & tech news

☆ House Democrats have already found something to love about Kevin McCarthy's Republican-led House
▼ + stars: | 2023-02-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

The House just used an open process for amending legislation for the first time in 7 years. But in interviews with Insider this week, Democrats also expressed skepticism that the use of open rules would be more than a one-time thing; the open rules that the chamber utilized last week were provided for as part of the House GOP's rules package. "We'll see how long this lasts," said Democratic Rep. Zoe Lofgren of California, a long-time ally of Pelosi. Spanberger herself had fun with open amendments, submitting one that would exclude drilling from areas offshore because the GOP majority was "looking to destroy Virginia's beautiful coastline." said Democratic Rep. Ro Khanna of California, who said he generally favors an open process.

As in 2011, the GOP speaker runs a House majority full of ideologically-driven conservatives who want to use the debt limit as leverage to force budget changes on a Democratic-led Senate and White House. “It is possible we will eventually see House Republicans put forth a plan for dealing with both the debt limit and the spending problem. After 2011, the Obama White House drew a hard line when the debt limit deadline came up again in early 2013. Andrew Harnik / APAsked about Biden's position and the GOP criticisms, the White House said the president “takes a backseat to no one” on pursuing bipartisanship, but said that the no-negotiations stance from 2013 onward on the debt limit succeeded. “Everyone seems to have forgotten that there was a debt limit standoff in 2013 where Obama adopted the no-negotiation approach and prevailed with a clean debt limit,” he said.

☆ From Jeff Bezos to Jack Dorsey, here are 14 the world's wealthiest entrepreneurs trying to crack the code of living forever
▼ + stars: | 2023-01-29 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Mark ZuckerbergMark Zuckerberg, with a net worth of $56.7 billion, according to the Bloomberg Billionaires Index, once told physicist Stephen Hawking he wanted to know what would enable humans to live forever. Drew Angerer/Getty ImagesInsider's Cadie Thompson reported that in 2015, the late physicist Stephen Hawking asked Mark Zuckerberg about which big questions in science he sought answers to. Zuckerberg responded, "I'm most interested in questions about people. How does learning work and how we can empower humans to learn a million times more?" Zuckerberg and his wife Priscilla Chan are among a small crop of Silicon Valley elite who founded the prize in 2012, and continue to back it.

WASHINGTON — A top Republican who negotiated the bipartisan gun law that passed last year said he doesn't expect to see new legislative action on gun violence despite the recent mass shootings in California. Asked whether the House intends to take up legislation to combat mass shootings, House Speaker Kevin McCarthy, R-Calif., gave no indication that it would. Biden negotiated the assault weapons ban of 1994, which expired in 2004. “It’s time we pass an assault weapons ban in this country. I’m the author of the assault weapons ban in 1994.

Republicans are on a collision course with the White House, which is demanding that Congress raise the debt limit without conditions. Republicans have waged heated battles over the debt ceiling, most notably in 2011, but they have always been resolved in time. Why does a GOP House complicate debt ceiling negotiations? Republicans have floated everything from budget cuts to socially conservative legislation as part of a debt ceiling increase. The White House had laid down a marker: no negotiations, no policy strings attached to raise the debt ceiling.

CLEVELAND — Matt Dolan, who lost a raucous Republican Senate primary in Ohio last year, will run again in 2024, this time seeking to unseat longtime Democratic incumbent Sherrod Brown. Dolan will announce his candidacy this week, he told an Ohio GOP official in a voicemail Sunday that the official shared with NBC News on the condition of anonymity. Dolan, a state senator whose family owns the Cleveland Guardians, would likely be the first candidate on the GOP side to officially declare. Other Republicans closely looking at the race include Ohio Secretary of State Frank LaRose and Bernie Moreno, a businessman who briefly was a Senate candidate in 2022. Ohio State Senator Matt Dolan, a Republican candidate for U.S. Senate in Ohio, speaks in Cleveland, on April 28, 2022.

☆ DeSantis' 'Freedom Blueprint' for Florida is taking shape, and it's widely viewed as paving the way for a 2024 presidential run
▼ + stars: | 2023-01-14 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +9 min

It's widely viewed as a blueprint for theHe has already made some of his intentions clear, on areas from Disney to anti-China policy. DeSantis will ask the Florida legislature to permanently lift the state's 6% sales tax on baby necessities including on cribs, strollers, clothing, shoes, wipes, and diapers. He also wants the state to nix the sales tax on medical equipment and on medicines for pets. Other tax cuts would be temporary, including lifting the sales tax for a year on children's books, athletic equipment, and toys, as well as a proposal to suspend the sales tax on pet food and on household items that cost $25 or less. Loosening gun restrictionsDeSantis wants lawmakers to pass legislation that would change Florida law so that gun owners could carry a gun in public without a concealed weapons permit.

☆ The Biden administration just made it easier for Trump to keep a key promise on prescription drugs if he wins in 2024
▼ + stars: | 2023-01-11 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +11 min

The Biden administration presented a plan on Wednesday to let the government negotiate drug prices. Trump, who once accused Big Pharma of "getting away with murder," could be president when drug prices fall. Gutting the prescription drug provision would come at a cost to the federal government. President Trump signed a series of four executive orders aimed at lowering prices that for prescription drugs in the United States. "There has been no bigger champion of lowering prescription costs and putting Americans first than President Trump," Steven Cheung, Trump's 2024 campaign spokesman, told Insider.

☆ How Anti-Abortion Activists Bought Access to the Supreme Court
▼ + stars: | 2023-01-07 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +29 min

In exchange for as little as a few thousand dollars in contributions to the nonprofit, these people received easy access to events where Supreme Court justices would be. Supreme Court Historical society trustee Jay Sekulow, center, represented President Trump during the latter's impeachment trial in 2020. Anti-abortion advocates cheer in front of the Supreme Court after the decision in Burwell v. Hobby Lobby Stores was announced in 2014. Alito did not respond to a request for comment on his involvement in the Supreme Court Historical Society. Supreme Court justices, though, aren't even required to stay within those weak guardrails because no code of ethics governs justices' behavior.

☆ Biotech investor Brad Loncar shares 10 predictions for 2023, including a hot new cancer target, Nobel Prize winners, and a biotech founder running for president
▼ + stars: | 2023-01-04 | by ( Andrew Dunn | ) www.businessinsider.com time to read: +14 min

Loncar shared his 2023 forecast, including new drugs, Nobel Prize winners, and more globalization. Brad Loncar isn't expecting a miraculous rebound for the biotech industry in 2023. In an interview with Insider, Loncar shared 10 predictions for biotech in 2023, ranging from Nobel Prize winners and presidential runs to hot cancer targets and bankruptcy worries. 2022 was a rough year for the biotech industry, which once again underperformed the stock market. The industry runs to the next super-hot cancer target: Claudin 18.2In cancer research, drug companies are always on the hunt for the next promising target.

☆ Secure 2.0 changes 3 key rules around required withdrawals from retirement accounts
▼ + stars: | 2023-01-03 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

President Joe Biden signed a $1.7 trillion legislative package on Dec. 29, 2022 that has several updates for retirement savers. Raising the RMD age to 73 (and eventually 75)Currently, savers have to start taking RMDs at age 72. The new law raises the RMD starting age in two tranches: to 73, starting in 2023, and to 75, starting in 2033. Eliminating RMDs from a Roth 401(k)Starting in 2024, investors in employer retirement plans likes Roth 401(k) accounts will no longer have to take RMDs. This change aligns Roth 401(k) with Roth IRAs, which don't require distributions during one's lifetime.

☆ Trump tax returns: House Ways and Means Committee considers potential release
▼ + stars: | 2022-12-20 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Drew Angerer | Getty Images News | Getty ImagesThe House Ways and Means Committee began meeting Tuesday to consider potentially publicly releasing years' worth of federal income tax returns filed by former President Donald Trump. A police escort delivered documents that were presumed to be Trump's tax returns shortly before the scheduled 3 p.m. hearing. Rep. Kevin Brady of Texas, the ranking Republican on Ways and Means, warned against the potential release of the returns. "Let me be clear, our concern is not whether the president should have made his tax returns public as has been tradition, nor about the accuracy of his tax returns," Brady told reporters. Documents arrive as the House Ways & Means Committee holds a hearing regarding tax returns from former President Donald Trump on Capitol Hill in Washington, Tuesday, Dec. 20, 2022.

☆ 12 media executives anonymously predict 2023's biggest deals, trends and changes
▼ + stars: | 2022-12-18 | by ( Alex Sherman | ) www.cnbc.com time to read: +5 min

Candle Media has acquired intellectual property assets including Reese Witherspoon's Hello Sunshine production company and Moonbug, which owns the animated kids series "CoComelon." Executive 3: Iger extends his contract There's been lots of speculation over who Iger will choose as his successor. History suggests he has a hard time leaving the role of Disney CEO. Christine M. McCarthy, Senior Executive Vice President and Chief Financial Officer The Walt Disney Company. "I love Shari [Redstone], but ViacomCBS is not long for this world as it stands today," said a media executive last year.

☆ Advocates Urge Congress to Pass Permanent Residency Status for Afghans
▼ + stars: | 2022-12-15 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +12 min

Drew Angerer/Getty ImagesConvincing Republican senatorsThe House version of the Afghan Adjustment Act has 143 co-sponsors, including 10 Republicans. Demonstrators gather to support Afghan evacuees outside the Capitol on Nov. 16, 2022. At the moment, one prospect to advance the Afghan Adjustment Act is by attaching it to that larger spending bill, advocates say. But negotiations on the omnibus are ongoing, and whether the Afghan Adjustment Act will be included is up in the air. Yet without a deal by then, passage of the Afghan Adjustment Act appears doomed, advocates say, keeping Afghan evacuees in perpetual legal limbo.

☆ I tried Taco Bell's Beyond Meat quesadilla at the only place it's available in the US. The meatless 'steak' could've fooled me, and I now want to try it on everything.
▼ + stars: | 2022-12-13 | by ( Cassy Crabtree | ) www.businessinsider.com time to read: +6 min

I tried Taco Bell's Beyond Meat quesadilla at the only place it's available in the US. Cassy Crabtree tried Taco Bell's Beyond Carne Asada Steak Quesadilla. Cassy Crabtree On October 13, Taco Bell introduced its new Beyond Meat Carne Asada Steak Quesadilla. Taco Bell I visited my local Taco Bell in Tipp City, Ohio (a suburb of Dayton). I tried Taco Bell's Beyond Carne Asada Steak Quesadilla.

☆ Sen. Kyrsten Sinema leaves Democratic Party and registers as an independent
▼ + stars: | 2022-12-09 | by ( Chantal Da Silva | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mike-Memoli-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +4 min

Arizona Sen. Kyrsten Sinema has announced she is leaving the Democratic Party and officially registering as an independent. Sen. Kyrsten Sinema leaves the Capitol building on Oct. 27, 2021. After joining the Democratic Party, she served in the Arizona state Legislature and went on to win a seat in the U.S. House in 2012 representing the Phoenix area. The Biden administration was informed of Sinema’s decision to leave the Democratic Party “mid-afternoon” on Thursday, a senior administration official said. Biden did acknowledge Sinema in his remarks, however, saying: “I want to thank Senator Sinema, who can’t be with us today.

☆ Expect more choppiness ahead after a week of mixed market signals
▼ + stars: | 2022-12-02 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Driving the action were several key economic reports, including the November ADP employment and nonfarm payrolls reports and the October personal spending report. The comments came after a softer-than-expected ADP employment report, but before a stronger-than-expected nonfarm payrolls report. With these kinds of mixed signals, expect more market choppiness as investors remain on the hunt for more definitive signs that the Fed is winning its war on inflation and can therefore definitively ease up on their hawkish stance. Initial jobless claims for the week ending Nov. 26 were 225,000, a decrease of 16,000 from the prior week and below expectations of 235,000. Finally, on Friday the all-important nonfarm payrolls report was released, indicating a 263,000 payrolls increase in November, above the 200,000 expected.

☆ Blackstone's grand ambitions for attracting retail money faces a hiccup
▼ + stars: | 2022-12-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

It's also a key part of the firm's push to attract retail investors, Insider's Rebecca Ungarino reports. Bloomberg previously reported that both firm CEO Steve Schwarzman and President Jon Gray have each put $100 million of their own money into BREIT since July. But as nice as it is to have the bosses' money backing your fund, that's not the target audience. And while there is a lot of upside to attracting retail investors — its private wealth arm has quadrupled in size to $233 billion in assets in four years — there are risks, too. Click here to read more about the recent headwinds facing Blackstone's big bet to attract retail money.

☆ Jim Cramer's top 10 to watch Wednesday: Fed's Powell, Alzheimer's data
▼ + stars: | 2022-11-30 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Club holding Salesforce (CRM) is set to report fiscal third-quarter 2023 financial results after the closing bell Wednesday. Atlantic Equities says there's "no easy fix" at Club holding Disney (DIS) for returning CEO Bob Iger. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Hyundai's best years in the U.S. are set to be tested by the Inflation Reduction Act
▼ + stars: | 2022-11-23 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

"I think what Hyundai, Kia and Genesis have done is they've really compressed that time frame. Sales of Hyundai and Kia vehicles have risen roughly 61% since 2010 to more than 1.4 million vehicles in the U.S. last year. LMC forecasts Hyundai's sales of all-electric vehicles are expected to represent 9.2% of the U.S. EV market this year. While sales are expected to grow that percentage is seen as the company's peak until at least 2024 or 2025, when the new Georgia plant is set to come online. Munoz said the new Georgia plant is expected to produce 300,000 vehicles annually, with the potential to reach 500,000 in the future.

☆ Can Bob Iger fix Disney?
▼ + stars: | 2022-11-21 | by ( Frank Pallotta | ) edition.cnn.com time to read: +8 min

But If anyone can bring back the magic to the Walt Disney Company, the company believes Bob Iger may be uniquely qualified to do it. StreamingIn a shocking move, Bob Iger is returning as Disney's CEO. Disney’s streaming service — which includes ESPN+, Hulu and most importantly, Disney+ — had been the most vital part of the company’s vast media kingdom. In its statement reintroducing Iger as CEO, Disney said he was “uniquely situated to lead the company through this pivotal period.”Iger was instrumental in forming the modern Disney. With the media industry in turmoil, Disney hope Iger is up to the tall task of righting its ship.

☆ What Cramer is watching Monday — Iger back at Disney, Amazon holiday forecast, Domino's EV fleet
▼ + stars: | 2022-11-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

What I am looking at Monday, Nov. 21, 2022 Disney (DIS): Bob Chapek out as CEO; former CEO Bob Iger back in the top job. Jefferies cuts price target to $240 per share from $250. Citi raises price target on Foot Locker (FL) to $38 per share from $33, benefitting from Nike 's (NKE) inventory. KeyBanc likes Timken (TKR), bearings and power transmission products maker, raises price target to $88 per share from $75; and keeps overweight (buy) rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

WASHINGTON — House Republican Leader Kevin McCarthy on Tuesday easily defeated conservative Rep. Andy Biggs to win the GOP nomination for speaker of the House. The Arizona Republican and former leader of the far-right, Trump-aligned House Freedom Caucus did not announce that he would challenge McCarthy until Monday night. "Minority Leader McCarthy does not have the votes needed to become the next Speaker of the House and his speakership should not be a foregone conclusion," Biggs said in a statement. Former President Donald Trump, who is expected to announce a 2024 presidential bid later Tuesday, has endorsed his longtime ally, McCarthy, for speaker. So has Rep. Marjorie Taylor Greene, R-Ga., a Freedom Caucus member who is enormously popular among grassroots conservatives.

WASHINGTON — Conservative lawmakers sent a strong message to House Republican Leader Kevin McCarthy on Monday, telling him he doesn't have the votes to be the next speaker. Drew Angerer / Getty Images“We expect there will be a contest tomorrow, that there will be another candidate, and I don’t think anybody’s going to get 218 votes tomorrow,” said Rep. Bob Good, R-Va., who is opposing McCarthy for speaker. Good has said that a number of Republicans will be interested in jumping into the race once they realize McCarthy can’t secure 218 votes on his own. Jordan, the founding chairman of the caucus who unsuccessfully challenged McCarthy for minority leader in 2018, also is backing McCarthy. Period.”Inside the candidates forum on Monday, McCarthy was pressed by Rep. Matt Gaetz, R-Fla., a frequent McCarthy critic, on whether he would work with Democrats to secure 218 votes for speaker.

☆ Michael Cohen blasts ruling tossing his lawsuit alleging Trump weaponized the Justice Department to lock him up as he weighs appeal
▼ + stars: | 2022-11-15 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

A judge dismissed Michael Cohen's lawsuit against Donald Trump and the DOJ for locking him up. Cohen, once a fixer and personal lawyer for Trump, as well as an executive at the Trump Organization, has turned into a fiery Trump critic. "President Donald J. Trump will continue to fight for the truth and against innumerable falsehoods being perpetrated by his enemies." Cohen followed up the book in question, "Disloyal," in October with the book "Revenge: How Donald Trump Weaponized the US Department of Justice Against His Critics." Michael Cohen, former personal attorney for U.S. President Donald Trump, exits the Loews Regency hotel and walks toward a taxi cab, July 27, 2018 in New York City.

Search resuls for: "Drew Angerer"

25 mentions found