DIRS.INFO The most relevant business & tech news

☆ NYSE says Tuesday's trading glitch due to 'manual error'
▼ + stars: | 2023-01-25 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

The day after a major trading glitch at the New York Stock Exchange open, the NYSE has issued a statement on what happened: "The root cause was determined to be a manual error involving the Exchange's Disaster Recovery configuration at system start of day." Traders noted that both Designated Market Makers (DMMs) and floor brokers appear to have been frozen out of the order book that is used to build the opening print. No opening print was provided in dozens of big-name companies. "It was almost like trading opened without the participation of the floor," one observer who asked to remain anonymous told me. What we know is that dozens of stocks opened at prices well above or below their prior day closing prices.

CNN —The US could be approaching a 2011-style debt ceiling market meltdown, but worried investors shouldn’t abandon ship, Wall Street analysts say. That means that if Congress doesn’t raise the debt ceiling by then, the US could default on its debt. But lawmakers remain in a deadlock about whether to lift their self-imposed borrowing limit: Democrats want Congress to pass a debt ceiling increase without conditions but Republican leadership says that any debt limit increase should be accompanied by spending cuts. Wall Street’s response: A debt ceiling meltdown creates serious risk for investors. Even if the debt ceiling debates are resolved, it’s not a bad idea to have some money invested abroad just in case of upheaval.

☆ European shares slip, euro firm as data tees up ECB rate hikes
▼ + stars: | 2023-01-24 | by ( Alun John | ) www.reuters.com time to read: +3 min

REUTERS/StaffLONDON, Jan 24 (Reuters) - The euro held near a nine-month high against the dollar on Tuesday, though European stocks eased after regional business activity data reinforced expectations that the European Central Bank (ECB) will raise rates by a further 50 basis points. S&P Global's flash Composite Purchasing Managers' Index (PMI) climbed to 50.2 this month from 49.3 in December, the first time it has been above the 50 mark since June. "For the ECB, this should seal the deal for a 50-basis point hike next week," said ING economists in a note. The Federal Reserve's rate setting committee concludes its two-day meeting on Feb. 1, with the ECB and Bank of England meeting the next day. The euro , in contrast was steady at $1.0862, just off its nine-month high of $1.0927 hit a day before.

☆ Jim Cramer's top 10 things to watch in the market Tuesday: Club earnings, AMD downgrade, Disney hope
▼ + stars: | 2023-01-24 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Three quarterly reports before the bell and Club holding Microsoft (MSFT) after the close. Club holding Nvidia (NVDA): Citi sees generative artificial intelligence ChatGPT as a $5 billion to $11 billion opportunity. 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.

☆ Rupert Murdoch abandons plan to recombine Fox and News Corp
▼ + stars: | 2023-01-24 | by ( Oliver Darcy | ) edition.cnn.com time to read: +1 min

New York CNN —Rupert Murdoch has abandoned plans to combine Fox Corporation and News Corporation, a move that would have reunited his broadcasting and print publishing companies under one roof. Murdoch had proposed the deal last fall, nearly a decade after Fox Corporation and News Corporation split apart in 2013. Fox Corporation operates the right-wing channel Fox News, in addition to Fox Sports and Fox TV Stations. News Corporation is the parent of The Wall Street Journal, New York Post, HarperCollins, and other iconic print publications. Spokespeople for both companies did not immediately respond when asked whether Murdoch had a comment

☆ Danaher's stock drop looks like a buying opportunity after it reported a solid quarter
▼ + stars: | 2023-01-24 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

When excluding the impact of declining Covid testing sales — but keeping in revenue from products that support vaccines and therapeutics — Danaher's base business saw core growth of 7.5%. Guidance Management expects overall core revenue growth to be down mid-single-digits on a percentage for the first quarter. For the full year 2023, management expects overall core revenue growth to be down mid-single-digits. Previously, only revenues related to Covid testing were excluded. On the call, management pointed to roughly 10% core revenue growth in both North America and Europe.

☆ Wells Fargo gives a bullish endorsement to a beleaguered Disney. We're awaiting Iger's turnaround plan
▼ + stars: | 2023-01-24 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Wells Fargo on Tuesday said it expects Walt Disney (DIS) to "come out swinging" when the entertainment conglomerate reports fiscal first-quarter results early next month. At the Club, we're slightly more cautious and will be looking closely for a detailed turnaround plan from CEO Bob Iger. We like this setup into the print," Wells Fargo analysts wrote in a research note. Like other investors — including the Club — Trian has expressed frustration over Disney's streaming losses, overspending and a share price decline of more than 44% last year. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Dotdash Meredith's CEO explains why its $2.7 billion acquisition of Meredith has been tough as the ad industry gets creamed
▼ + stars: | 2023-01-24 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +2 min

CEO Neil Vogel said an ad market slowdown and culture challenges have been hard. IAC-owned Dotdash Meredith is about a year into its $2.7 billion acquisition of magazine giant Meredith, and a rough ad market has made the transition to become a big player for advertisers tough. "The market is hard," said Neil Vogel, CEO of Dotdash Meredith. Dotdash Meredith owns more than 40 brands including People, The Spruce, and Food & Wine. At the same time, the ad market soured last year as advertisers reigned in spending.

Travel insurance weekly rates at a glance:Average premium: $301.00Average trip cost: $5,900.67Average trip length: 16 daysGet your free travel insurance quote with SquareMouth »What is travel insurance? Insider's Featured Travel Insurance Companies World Nomads Travel InsuranceAllianz Travel InsuranceTravelex travel insurance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Policy type Average days between purchase to trip Average trip length (days) Average trip cost Average cost of travel insurance Cancellation 53 13 $5,900.67 $362.99 Non-cancellation 16 21 N/A $94.70Source: SquareMouthWhen is the best time to travel? When calculating your travel insurance premium, travel insurance providers consider the likelihood of a medical emergency. Get your free travel insurance quote with SquareMouth »Travel Insurance Rates FAQsHow much does travel insurance cost?

☆ NYSE's Tuesday trading glitch explained — Why some of the trades may be busted
▼ + stars: | 2023-01-24 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Dozens of stocks opened at prices well above or below their prior day closing prices. Every day, stocks open at the NYSE at or near 9:30 a.m. There is only a single opening price, which is determined by thousands of orders to buy and sell individual stocks. A single price is then quoted at the open and all orders are aggregated into a single opening "auction print." Most likely, the "correct" opening price will be the price when the stocks reopened.

Paying taxes with a credit card to earn a big sign-up bonus or reward points only makes sense if the value exceeds the credit card fee you will be charged. Paying TurboTax convenience fee with a credit cardYou can also pay taxes with a credit card using tax-preparation tools like TurboTax Tax Software. In that case, you won't have the option to pay by credit card through TurboTax; just select "pay by check" and proceed to your preferred IRS-approved payment processor to pay your taxes by credit card. Quick tip: When you pay taxes with a credit card, the transaction is processed as a purchase, not a cash advance — so you'll still earn credit card rewards. How to pay taxes with a credit cardPaying your taxes with a credit card is easy and only takes a few minutes.

☆ Travel Brand Away Names New CMO, Plans to Boost Its Marketing Budget
▼ + stars: | 2023-01-23 | by ( Patrick Coffee | ) www.wsj.com time to read: +3 min

Away hired Carla Dunham as chief marketing officer as the luggage and travel accessories company tries to make the most of the industry’s pandemic recovery. Ms. Dunham had most recently been chief marketing and merchandising officer at e-commerce delivery startup Foxtrot and previously held high-level marketing roles at retail and fashion businesses including Kate Spade and Amazon Fashion. Carla Dunham, chief marketing officer for Away. Photo: AwayBusiness has picked up again as travelers around the world return to prepandemic activities, according to Ms. Dunham. Ms. Dunham reports to Away co-founder and Chief Executive Jen Rubio.

☆ Jim Cramer says these 6 ‘positives’ could help lift stocks during earnings season
▼ + stars: | 2023-01-23 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday said that several elements could help propel stocks higher, even during what could be an ugly earnings season. Tuesday kicks off a new earnings season featuring some of the biggest companies in technology, retail and consumer goods. Here are the six factors that could help stocks as companies report earnings, according to Cramer:More firms are implementing layoffs. Companies including Microsoft Salesforce Wayfair The U.S. dollar and interest rates peaked last fall. Barclays on Monday upgraded Advanced Micro Devices QualcommCramer cautioned that while earnings season may still not be smooth sailing, any dips in stock price aren't necessarily unwelcome.

I never feel guilty spending gift cards on things I want, which makes them a versatile gift. I also fall in the camp of people who adore and appreciate gift cards, especially for retailers I love. I try to earn rewards whenever I give giftsOne of my favorite ways to earn rewards on my gifting habit is by using shopping portals for cash back and travel rewards. There are hundreds of shopping portals out there, each offering different earning rates for the various retailers in its network. And instead of burning gas money, earn some rewards instead by using a shopping portal.

☆ Firms use Google ads to entice small businesses to pay for help the gov't provides free
▼ + stars: | 2023-01-20 | by ( Jesselyn Cook | Jesselyn Cook Is An Investigative Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +11 min

Several draw in unwitting customers like Talbot through Google ads that outrank the legitimate SAM.gov page, illustrating the ease of buying visibility on the world’s largest search engine. Google removed the ads for a number of these sites in response to an inquiry for this article but subsequently reversed its decision. “We have strict ads policies that govern the types of ads and advertisers we allow on our platforms,” Google spokesperson Davis Thompson said in a statement. But the Small Business Administration urges people not to spend their precious resources on these services when so many free alternatives exist. She expects new, prominently displayed Google ads to play a part in the problem.

[1/2] U.S. Supreme Court police officers stand on the front steps of the Supreme Court building prior to the official investiture ceremony for the court's newest Associate Justice Ketanji Brown Jackson and the start of the court's 2022-2023 term in Washington, U.S. September 30, 2022. The report said the Supreme Court's information security environment was "built fundamentally on trust with limited safeguards to regulate and constrain access to very sensitive information." But it called the court's information security policies "outdated" and recommended that it overhaul its platform for handling case-related documents and remedy "inadequate safeguards" for tracking who prints and copies documents. The Supreme Court's IT systems operate separately from the rest of the federal judiciary. U.S. judiciary officials have said the systems used by federal appellate and district courts also are outdated and need modernization.

The lessors took a hit of almost $10 billion when Russia barred airlines from returning planes hit by Western sanctions to their owners in the West. This has turned the spotlight on other risky markets, most prominently China and Taiwan, where some fear future conflict could cause a similar seizure on a much larger scale. When discussing the Russia losses, most executives speaking at the conference, also touched on China risks. Several executives said the loss of aircraft to Russia would simply feed into risk management models and encourage lessors to be careful about spreading their exposure rather than withdrawing from markets altogether. "Lessors aren't going to be able to abandon higher risk areas because that is what they do," he added.

☆ Asia markets fall as Japan's inflation data reaches highest since 1981
▼ + stars: | 2023-01-20 | by ( Jihye Lee | ) www.cnbc.com time to read: 1 min

People walk down a street in the Chinatown section of Yokohama, Kanagawa prefecture, south of Tokyo, on January 7, 2023. Markets in the Asia-Pacific were set to trade lower on Friday as investors digested Japan's core inflation print, which reached the fastest pace since December, 1981. The Nikkei futures contract in Chicago was at 26,360 while its counterpart in Osaka was at 26,320 against the Nikkei 225's last close at 26,405.23. The yield on the 10-year Japanese Government Bond rose to stand at 0.415%, slightly below the central bank's upper ceiling of its tolerance range. In Australia the S&P/ASX 200 fell 0.11% in its first hour of trade.

☆ Fact Check-Flu vaccine study unrelated to Group A Strep doesn't show increase of illness
▼ + stars: | 2023-01-19 | by ( Reuters Fact Check | ) www.reuters.com time to read: +6 min

Group A Streptococcus (GAS) is the name for bacteria that can cause infections like strep throat, scarlet fever and impetigo. However, the 2014 study examined different bacteria and found that while their numbers increased following the nasal flu vaccine, that did not lead to increased bacterial disease. A recent UK study has also found that while infections of influenza itself be linked to increased cases of Group A Strep, the nasal vaccine is associated with a reduction in bacterial infections. But it did not investigate group A strep bacteria; rather, the study investigated Streptococcus pneumoniae and Staphylococcus aureus, which Mina said in an email, are “very different” pathogens to group A strep. A 2014 study does not show the nasal spray flu vaccine causes Group A Strep.

☆ How Scripps News, the streaming and broadcast network formerly known as Newsy, is pivoting to anti-partisan, 'fact-based' reporting
▼ + stars: | 2023-01-19 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +9 min

Streaming and broadcast news network Newsy has been rebranded as Scripps News. The network formerly known as Newsy has a presence on TV stations owned by Scripps and its ION Media stations and is accessible via free over-the-air digital antenna and several streaming platforms — including Roku, Amazon Fire and Apple TV. The company, which pulled Newsy from cable packages in 2021, boasts that Scripps News offers the only free 24/7 national news broadcast. Scripps News is also absorbing scores of executives from a national desk that fed the company's 61 local stations. Its local stations pulled in $208 million in ad revenue thanks to the midterm elections.

☆ Treasury yields fall as investors assess inflation outlook
▼ + stars: | 2023-01-19 | by ( Sophie Kiderlin | ) www.cnbc.com time to read: +1 min

Yields and prices move in opposite directions and one basis point is equivalent to 0.01%. ET, the yield on the benchmark 10-year Treasury was down by around one basis point to 3.3624%. The 2-year Treasury was trading at 4.0611% after falling by more than one basis point. On Wednesday, December's producer price index report showed that wholesale inflation fell by more than expected on a monthly basis. Investors are therefore closely following remarks from Fed speakers, who have painted a mixed picture so far.

☆ Here are Thursday's biggest analyst calls: Netflix, Meta, Apple, Tesla, Charles Schwab, Roblox, Amazon & more
▼ + stars: | 2023-01-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Bank of America downgrades Charles Schwab to underperform from buy Bank of America said in its double downgrade of Schwab that the Fed will stop hiking this summer, "removing a powerful near-term profit driver." Wells Fargo names Meta, Amazon and Alphabet top 2023 picks Wells says Meta, Amazon and Alphabet have "solid fundamentals" and should outperform in 2023. Deutsche Bank reiterates Tesla as buy Deutsche said the automaker could be a top performer in 2023. JPMorgan names Meta a top pick into earnings JPMorgan said Meta is well positioned into earnings next week. Bank of America reiterates Disney as buy Bank of America said the return of Bob Iger has been a boost to investor sentiment and that selling ESPN is not a slam dunk.

☆ Here's our January rapid-fire update on all 34 stocks in Cramer’s Charitable trust portfolio
▼ + stars: | 2023-01-19 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +11 min

Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. As much as we'd like to maintain a bigger position in this roughly $472 stock, we're refraining from violating our cost basis of $291.52. ( See here for a full list of the stocks in Jim Cramer's Charitable Trust portfolio.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Here are Wednesday's biggest analyst calls: Apple, IBM, Amazon, Tesla, Exxon, Gap, Netflix & more
▼ + stars: | 2023-01-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley upgrades Gap to equal weight from underweight Morgan Stanley said it sees more "upside than downside" for the stock. Morgan Stanley downgrades Skechers to equal weight from overweight Morgan Stanley downgraded the stock on valuation. Morgan Stanley names Apple a top 2023 pick Morgan Stanley said Apple is a "rare best-of-both worlds outperformer." Morgan Stanley names Amazon a top 2023 pick Morgan Stanley said Amazon is operating from a "leading e-commerce profit generating position." Morgan Stanley downgrades IBM to equal weight from overweight Morgan Stanley downgraded IBM and said "late cycle outperformance [has] runs its course."

Organizations: & $

☆ Treasury yields fall as traders assess data, Fed outlook
▼ + stars: | 2023-01-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

U.S. Treasury yields were lower on Wednesday as uncertainty around the outlook for monetary policy and the economy, along with some weak earnings reports from Wall Street, clouded risk sentiment. The yield on the benchmark 10-year Treasury note fell just over 5 percentage points to 3.4812% while the yield on the 30-year Treasury bond shed around 4 percentage points to 3.6069%. Stocks sold off on Tuesday and futures pointed to further declines on Wall Street after Goldman Sachs missed earnings expectations on the back of a drop in investment banking and asset management revenues. Four Federal Reserve officials are set to deliver speeches Wednesday: Atlanta Fed President Raphael Bostic, Philadelphia Fed President Patrick Harker, St. Louis Fed President Jim Bullard and Dallas Fed President Lorie Logan. Auctions will be held Wednesday for $36 billion of 17-week Treasury bills and $12 billion of 20-year bonds.

Search resuls for: "Print"

25 mentions found