DIRS.INFO The most relevant business & tech news

☆ Wicked movie: Cynthia Erivo says she 'fell to tears' after filming emotional musical number on set
▼ + stars: | 2023-06-11 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Cynthia Erivo shared a moving message about her experience so far filming the “Wicked” movie and the flood of emotions she felt after shooting a musical number. Posting a photo on her verified Instagram page of her long green nails and a movie script for the two-part film, Erivo, who plays the Wicked Witch of the West, Elphaba, said her heart “broke open and tears fell” after she finished filming scenes for the song, “I’m Not That Girl.”“I thought of us, the ones who often feel like they’re on the outside. The ones who don’t know that their differences, oddities, quirks are what make them beautiful and special. Jon M. Chu directs, with Ariana Grande starring as Glinda alongside Erivo’s Elphaba. Jeff Goldblum, Oscar-winner Michelle Yeoh, Jonathan Bailey and Bowen Yang round out the cast.

Persons: Cynthia Erivo, “, ”, ” Erivo, Oz, Elphaba, Jon M, Chu, Ariana Grande, Glinda, Erivo’s Elphaba, Jeff Goldblum, Oscar, Michelle Yeoh, Jonathan Bailey, Bowen Yang, you’ll, Jon, Ari Organizations: CNN, Broadway Locations: Oz

☆ The Week Ahead: June 9, 2023
▼ + stars: | 2023-06-09 | 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 EmailThe Week Ahead: June 9, 2023CNBC's Dom Chu looks ahead to what are likely to be next week's top business and financial stories.

Persons: Dom Chu

☆ The Week That Was: June 9, 2023
▼ + stars: | 2023-06-09 | 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 EmailThe Week That Was: June 9, 2023CNBC's Dom Chu looks ahead to what are likely to be next week's top business and financial stories.

Persons: Dom Chu

☆ Here's the 18-page deck a fintech looking to broaden access to private credit used to raise a $30 million Series B
▼ + stars: | 2023-06-07 | by ( Paige Hagy | ) www.businessinsider.com time to read: +5 min

It supports borrowers, investors, and underwriters with its software solution. This startup is building a digital solution for the historically analog world of private credit. Private credit is an alternative asset class consisting of loans privately negotiated outside of the public debt markets. Examples of private credit include student loans taken from outside the government, small-business loans, and consumer loans. "We're ready to scale in a market and a time right now that is all in favor and support of private credit," Chu said.

Persons: Nelson Chu, Chu, it's Organizations: underwriters, Goldman Sachs, Management, White Star Capital, Underwriters, Fitch Group, Juniper Locations: Chu

☆ Percent is looking to digitize the analog world of private credit. Here's the 18-page pitch deck it used to raise a $30 million Series B.
▼ + stars: | 2023-06-02 | by ( Paige Hagy | ) www.businessinsider.com time to read: +5 min

This startup is building a digital solution for the historically analog world of private credit. Private credit is an alternative asset class consisting of loans privately negotiated outside of the public debt markets. Examples of private credit include student loans taken from outside the government, small-business loans, and consumer loans. Digitizing an analog marketplaceThe private-credit market traditionally operates in an analog system, with deals being conducted over phone calls and emails and monitored on spreadsheets. "We're ready to scale in a market and a time right now that is all in favor and support of private credit," Chu said.

Persons: Nelson Chu, Chu, it's Organizations: underwriters, Goldman Sachs, Management, White Star Capital, Underwriters, Fitch Group, Juniper Locations: Chu

☆ New Oral History Peers Back at Obama, His Era and the Tradeoffs He Made
▼ + stars: | 2023-05-31 | by ( Peter Baker | ) www.nytimes.com time to read: +1 min

The first tranche of interviews being made available does not include those of the former president, first lady or other major recognizable figures from the Obama era. Instead, it is tightly focused on one issue that the researchers deemed vital to his presidency, a wonk’s feast of policy discussion rather than a broader look at Mr. Obama himself or his overall eight years in power. As he sucked down his favorite Fiji water, Mr. Obama would tease scientists and engineers. We don’t need to look at any more of those.”The focus on climate change in the first set of interviews also highlighted the larger trade-offs Mr. Obama made between competing priorities. At one point as he was expending all of his influence to pass the Affordable Care Act, he ruefully explained his priorities to Mr. Chu.

Persons: Obama, “, ”, I’m, Steven Chu, Steve, we’ve, We’ve, ruefully, Chu Organizations: “ Energy Locations: Fiji

☆ Elon Musk’s visit underscores China's importance to global EV market, analysts say
▼ + stars: | 2023-05-31 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

Xiaolu Chu | Getty Images News | Getty ImagesFrom handshakes with Chinese officials to visits to China's top ministries, Elon Musk's visit to Beijing is putting the spotlight on China's place in the global electric vehicle market. The Tesla CEO's visit to China is a "very important one" for him, said Anthony Sassine, senior investment strategist at investment manager Kraneshares. Price warsTesla slashed prices for its EV sales in China last October and January, but subsequently raised prices again in May. "It signals how important the China market is to defend and how important it is to your global system, you need the scale of China working for you," he said on CNBC's "Squawk Box Asia." He noted that China the most competitive market for EVs, with Tesla competing with multiple local companies for supremacy.

Persons: Xiaolu Chu, Elon Musk's, Tesla, Anthony Sassine, Sassine, CNBC's, Musk, Jamie Dimon, Bill Russo, Russo Organizations: Getty, Kraneshares, Communist Party, Musk, JPMorgan, U.S, EVs Locations: Shanghai, China, Beijing, U.S

☆ Reaction: Biden, McCarthy debt ceiling deal
▼ + stars: | 2023-05-28 | by ( ) www.reuters.com time to read: +4 min

WASHINGTON, May 27 (Reuters) - U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to raise the federal government's $31.4 trillion debt ceiling, ending a months-long stalemate. DEMOCRATIC REPRESENTATIVE TED LIU"Tonight, I have been informed that there is an agreement in principle between the White House and House Republicans. This was a House Republican manufactured crisis. REPUBLICAN REPRESENTATIVE BOB GOOD "I am hearing the 'deal' is for a $4 trillion increase in the debt limit. "If we didn't reach a deal … the average American person would clearly see a hit ... we had to reach some kind of conclusion here."

☆ Petronas says Malaysian anti-graft probe found no wrongdoing by the firm
▼ + stars: | 2023-05-27 | by ( ) www.reuters.com time to read: +1 min

KUALA LUMPUR, May 27 (Reuters) - Malaysia's state oil firm Petronas (PETR.UL) said on Saturday an anti-corruption probe into the firm's dealings involving a $90 million project had not found any wrongdoing by the company. Petronas said the investigation was opened in relation to its award of a contract to a Malaysian subsidiary of an international upstream company in 2021. "Petronas had given full cooperation to MACC in the investigation that had not found any wrongdoing by Petronas, its employees, and directors," the company said in a statement to Reuters. The MACC said it had found "several weaknesses in practices, systems and work procedures" in its probe, and proposed improvements to Petronas' standard operating procedures as preventive measures. Petronas said it continues to improve and strengthen its standard operating procedures as part of an effort to prevent and fight all forms of corruption and misconduct.

☆ The Week Ahead: Debt ceiling deadline looms
▼ + stars: | 2023-05-19 | 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 EmailThe Week Ahead: Debt ceiling deadline loomsCNBC's Dominic Chu looks ahead to what are likely to be next week's top business and financial stories.

☆ The Week That Was: Disney fights back
▼ + stars: | 2023-05-19 | 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 EmailThe Week That Was: Disney fights backCNBC's Dominic Chu looks ahead to what are likely to be next week's top business and financial stories.

☆ Tesla to recall 1.1 million cars in China over potential safety risks, Chinese regulator says
▼ + stars: | 2023-05-12 | by ( Laura He | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Tesla will recall more than 1.1 million cars in China due to potential safety risks, the country’s top market regulator said on Friday. The models to be recalled include imported Model S, Model X, Model 3 and China-made Model 3 and Model 6. An aerial view of Tesla's Shanghai Gigafactory on March 29, 2021. The company plans to make adjustments or add notification features to the recalled vehicles to reduce the risk, it added. In March, Tesla recalled more than 2,600 imported Model S cars in China, according to the SAMR.

☆ A New Hope for Manhattan’s Chino Latino Restaurants: TikTok
▼ + stars: | 2023-05-12 | by ( Christina Morales | ) www.nytimes.com time to read: +1 min

All of the cooks at La Dinastia’s kitchen are Chinese and have learned to make Cuban dishes over time. Many original cooks and waiters retired during the pandemic. Michael Lan, an owner at La Dinastia who has worked there for decades and is knowledge about the kitchen, is planning his own exit. “I’ll be there for him,” Mr. Lan, 64, said about the younger Mr. Lam. “But they’re getting old,” said Marvin Chu, 40, an owner who operates the restaurant’s three locations with his brother and great-uncle.

☆ I Got My Name From Connie Chung. So Did They. - The New York Times
▼ + stars: | 2023-05-11 | by ( Connie Wang | ) www.nytimes.com time to read: +21 min

In my freshman class alone, there was a Connie Zheng, a Connie Guo, a Connie Xu, a few Connie Chengs, and multiple Connie Wangs. That ayi was Constance Yu-Hwa Chung, or, as the world knows her, Connie Chung. Connie Chung hosting the “CBS Evening News” in 1991, the year after the author named herself Connie. Connie Wang Connie Koh Connie Yang Connie Tang Connie Jang Connie Chung Connie Moy Connie Huang Connie Kwok Connie Chang Connie Sun Connie Chung, center, surrounded by 10 members of Generation Connie. Clockwise from top right, Connie Yang, Connie Tang, Connie Moy, Connie Sun, Connie Chang, Connie Kwok, Connie Huang, Connie Jang, Connie Wang and Connie Koh.

☆ Binance lifts block on bitcoin withdrawals amid heavy volumes
▼ + stars: | 2023-05-08 | by ( ) www.cnbc.com time to read: +1 min

Cryptocurrency exchange Binance halted bitcoin withdrawals for several hours on Monday, citing heavy volumes and a surge in processing fees, before clearing them at a higher cost. "Our set fees did not anticipate the recent surge in (bitcoin) network gas fees," Binance said in a tweet. "We're replacing the pending bictoin withdrawal transactions with a higher fee so that they get picked up by mining pools." "We need more information as to what has led to the large withdrawals." After an hour-long stoppage late on Sunday and several hours on Monday, Binance said withdrawals resumed.

☆ How NBA star Damian Lillard turned a common foot injury into a sneaker business
▼ + stars: | 2023-05-07 | by ( Ian Thomas | ) www.cnbc.com time to read: +4 min

Damian Lillard of the Portland Trail Blazers dribbles against the New York Knicks at Moda Center on March 14, 2023 in Portland, Oregon. That was just one of the multiple foot injuries and issues like plantar fasciitis that Lillard, now an NBA All-Star point guard for the Portland Trailblazers, has dealt with over his playing career. Exacerbating issues related to his flat feet, Lillard said the injuries stemmed from the lack of support he was getting from the standard insoles found in basketball sneakers. A high percentage of sneaker wearers also just use the standard insole that comes with their shoes. "The product has to speak for itself and the people that are putting the insoles inside their shoes," he said.

☆ The Week Ahead: May 5, 2023
▼ + stars: | 2023-05-05 | 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 EmailThe Week Ahead: May 5, 2023CNBC's Dominic Chu looks ahead to what are likely to be next week's top business and financial stories.

☆ The Week That Was: May 5, 2023
▼ + stars: | 2023-05-05 | 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 EmailThe Week That Was: May 5, 2023CNBC's Dominic Chu looks back at the week's biggest headlines in financial news.

Malaysia has now decided to allow a second entity after DNB's coverage reaches 80% of populated areas, Communications Minister Fahmi Fadzil said in a statement. The government's announcement confirmed a report by Reuters last month on a plan to introduce a second 5G network from January 2024. A recommendation by major carriers for a second 5G provider was rejected by the previous government in March last year. It has said a single network would reduce costs, improve efficiency and accelerate the building of infrastructure. It was not clear how the proposal for a second 5G network would affect DNB's existing agreements with its development partner, Swedish telecoms giant Ericsson (ERICb.ST), and other mobile operators.

CNN —President Joe Biden and first lady Jill Biden capped South Korean President Yoon Suk Yeol’s official state visit with a glamorous state dinner at the White House Wednesday night to celebrate the two nations’ 70-year alliance. May we do it together for another 170 years.”But Biden wasn’t the only leader who took the mic. Following a round of musical performances, his South Korean counterpart joined him on stage to give his own – a karaoke rendition of Don McClean’s “American Pie” – which received a standing ovation from the crowd. The elaborate dinner is the result of weeks of careful diplomatic preparations, with each detail meticulously planned by a team of White House chefs, social staff, and protocol experts. U.S. President Joe Biden and first lady Jill Biden pose with South Korea's President Yoon Suk Yeol and first lady Kim Keon Hee in front of the Grand Staircase of the White House before an official State Dinner, in Washington, U.S. April 26, 2023.

☆ GM Raises 2023 Profit Outlook, Kills Off Chevy Bolt EV
▼ + stars: | 2023-04-25 | by ( Mike Colias | ) www.wsj.com time to read: 1 min

Photo illustration: Josephine ChuGeneral Motors Co. raised its full-year profit outlook, citing consumers’ willingness to spend big on high-end models, even as the company tightens its own belt. The Detroit auto maker also said Tuesday it would drop the Chevrolet Bolt from its lineup, killing off its first mainstream electric vehicle as it moves to newer battery technology.

☆ The Week Ahead: April 21, 2023
▼ + stars: | 2023-04-21 | 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 EmailThe Week Ahead: April 21, 2023CNBC's Dom Chu looks ahead to what are likely to be next week's top business and financial stories.

☆ The Week That Was: April 21, 2023
▼ + stars: | 2023-04-21 | 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 EmailThe Week That Was: April 21, 2023CNBC's Dom Chu looks ahead to what are likely to be next week's top business and financial stories.

☆ Tesla Cuts Prices Again Ahead of Earnings
▼ + stars: | 2023-04-19 | by ( Rebecca Elliott | ) www.wsj.com time to read: 1 min

Photo illustration: Josephine ChuWall Street has one key question ahead of Tesla Inc.’s first-quarter earnings: How much have recent price cuts hurt the company’s bottom line? Elon Musk’s electric-vehicle maker has lowered prices for models in the U.S. by between 14% and 25% this year as it contends with weaker demand, higher interest rates and burgeoning competition. The latest round of reductions came overnight.

☆ Tesla Earnings Dented by Price Cuts
▼ + stars: | 2023-04-19 | by ( Rebecca Elliott | ) www.wsj.com time to read: 1 min

Photo illustration: Josephine ChuTesla Inc. felt the pain of a recent wave of price cuts, as a reduction in the average price of its cars contributed to a 24% decline in first-quarter profit. Elon Musk’s electric-vehicle maker has lowered prices for models in the U.S. by between 14% and 25% this year as it contends with weaker demand, higher interest rates and burgeoning competition. The latest round of reductions came on the eve of earnings.

Search resuls for: "CHU"

25 mentions found