DIRS.INFO The most relevant business & tech news

☆ U.S. business equipment borrowings rise 9% in November - report
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +1 min

Dec 20 (Reuters) - U.S. companies borrowed 9% more to finance their equipment investments in November from a year earlier, industry body Equipment Leasing and Finance Association (ELFA) said on Tuesday. "Labor markets are stable, inflation woes appear to be abating, consumers are spending, and businesses continue to expand and grow: a recipe for stable growth by providers of equipment financing," Petta added. ELFA, which reports economic activity for the nearly $1-trillion equipment finance sector, said credit approvals totaled 77.7%, slightly above the October level. The Washington-based body's leasing and finance index measures the volume of commercial equipment financed in the United States. ELFA's non-profit affiliate, Equipment Leasing & Finance Foundation, said the confidence index in December stood at 45.9, compared with 43.7 in November.

☆ 23 major brands suspected of illegally sourcing products made by forced labor in China
▼ + stars: | 2022-12-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

And more ...Mary Meisenzahl/InsiderThese companies have also been suspected of having direct or indirect ties to Chinese forced labor in the aforementioned reports. Bosch"Bosch is committed to ensuring that its products are not produced wholly or in part by forced labor. "Compliance with human rights, labor rights and environmental standards is a top priority at PUMA and has been specified in our Codes of Conduct for over 20 years." As stated in our Business Conduct Guidelines, we reject all forms of oppression, forced labor and participation in human rights violations. We will continue to respect human rights and take a strong stand against forced labor."

☆ These are the top 10 stock plays for 2023, according to UBS
▼ + stars: | 2022-12-14 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +5 min

As the year winds down, investors are looking forward to 2023 and wondering where they should place their top bets. Analysts that cover companies are mulling the same question, prompting UBS to put together a list of its top conviction picks for 2023. The stock which is poised for the largest gain is Kymera Therapeutics , a biotechnology firm that UBS thinks could surge 240% to its target price. She added that UBS expects updates across all four programs in the near term as well as over 2023. Analysts that cover companies are mulling the same question, prompting UBS to put together a list of its top conviction picks for 2023.

☆ How a hybrid work model can offer multiple advantages to the small businesses willing to take the leap
▼ + stars: | 2022-12-09 | by ( Sponsor Post | Created Insider Studios With Dell Technologies | ) www.businessinsider.com time to read: +7 min

Many small businesses could benefit from hybrid work, but are discouraged by concerns about productivity, security, and IT capacity. A number of tools from Microsoft and Dell Technologies can be tailored to provide support. Of course, no two small businesses are exactly alike, and each one will have slightly different needs, priorities, and goals for their day-to-day operations as we enter the post-covid era. Find out more about how Dell and Microsoft can help your hybrid work solution. This post was created by Insider Studios with Dell Technologies

☆ Redis Names Former Five9 CEO to Head Database Startup
▼ + stars: | 2022-12-05 | by ( Belle Lin | ) www.wsj.com time to read: +4 min

Database startup Redis Ltd. has named Rowan Trollope its new chief executive officer, effective Feb. 1. Mr. Trollope was CEO of the cloud-based customer-service software firm Five9 Inc. until Nov. 28, and had served in the role since 2018. After Mr. Trollope’s departure, former Five9 CEO Mike Burkland returned to his previous post. At Redis, Mr. Trollope will succeed Ofer Bengal, who co-founded the startup with Yiftach Shoolman in 2011 and has served as CEO since its founding. Mr. Trollope led Five9 through its plans to merge with Zoom Video Communications Inc. in September of last year.

Here's everything you need to know about paying your taxes with a credit card and the best cards to use. How to pay taxes with a credit cardYou'll have to pay your taxes through a third-party payment processor if you want to use a credit card, and they all charge credit card processing fees. If you want to pay state taxes or local taxes (like property taxes) with a credit card, you can try seeing if your tax agency accepts credit cards and charges reasonable fees. You should only pay your taxes with a credit card if you can afford to pay off your credit card bill immediately. Pay taxes with a credit card frequently asked questions (FAQ)Is there a cash advance fee if I pay taxes with a credit card?

☆ 10 Amex Business Platinum card benefits you'll want to activate right away, so you can enjoy hotel elite status, statement credits, and more
▼ + stars: | 2022-11-29 | by ( Caroline Lupini | Joseph Hostetler | Freelance Reporter | ) www.businessinsider.com time to read: +16 min

Thomas Pallini/InsiderThe Business Platinum Card® from American Express offers luxury benefits and rewards. The Business Platinum Card® from American Express is packed full of benefits that are perfect for small business owners — including freelancers and remote workers. Here are 10 things you should do when you first get The Business Platinum Card® from American Express. More travel benefits than you'll find on any other business credit card Check mark icon A check mark. But by paying with The Business Platinum Card® from American Express, you'll get a statement credit of up to $189 back**.

☆ Products Made With Captured Greenhouse Gas Are Reaching Commercial Scale
▼ + stars: | 2022-11-28 | by ( Dieter Holger | ) www.wsj.com time to read: +6 min

Straws, bottles and packaging made with captured greenhouse-gas are starting to reach commercial scale, offering a way for businesses making and using everyday products to reduce emissions contributing to global warming. Origin Materials Inc. and Newlight Technologies Inc. are trying to meet that demand by bringing factories online that use captured emissions to manufacture materials used to make products including clothes, tires and plastic bottles. Sourcing and transporting raw inputs and captured CO2 are crucial to a product’s so-called carbon-negative credentials, meaning more CO2 is stored than created. The private company sources captured emissions from dairy farms, ethanol plants and landfills, and is expanding into coal mines and exploring direct-air capture. Competitor Origin Materials has a different approach to acquiring captured emissions and plans for its first commercial-scale factory to come online next year.

☆ PC Demand Is Expected to Soften Further as Spending Patterns Shift
▼ + stars: | 2022-11-22 | by ( Denny Jacob | ) www.wsj.com time to read: 1 min

Demand for personal computers is expected to remain subdued into next year as manufacturers deal with a shift in consumer spending away from goods that outperformed during the Covid-19 pandemic. The latest indication comes from Dell Technologies Inc., which late Monday reported a 6% drop in overall revenue for the company’s third quarter, including a 17% drop in the unit that includes sales of laptops and desktops to consumers and commercial clients.

☆ HP to cut about 12% jobs by end of fiscal 2025
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +2 min

Nov 22 (Reuters) - HP Inc (HPQ.N) said on Tuesday it expects to cut up to 6,000 jobs by the end of fiscal 2025, or about 12% of its global workforce, at a time when sales of personal computers and laptops are sliding as shoppers tighten budgets. The PC maker also forecast a lower-than-expected profit for the first quarter as it expects softness in both consumer and commercial demand. The company, which employs nearly 50,000 people, said it expects to reduce headcount between 4,000 and 6,000. HP forecast current-quarter profit between 70 cents and 80 cents. Reporting by Tiyashi Datta in Bengaluru; Editing by Sriraj Kalluvila and Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves premarket: Best Buy, Dick's Sporting, Abercrombie & Fitch and others
▼ + stars: | 2022-11-22 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell:Best Buy (BBY) – Best Buy rallied 7% in the premarket after its third-quarter results beat analyst estimates. Dick's Sporting Goods (DKS) – The sporting goods retailer reported better-than-expected third-quarter profit and revenue and an unexpected increase in comparable store sales. Dick's initially surged more than 7% in premarket trading before it dipped negative. Abercrombie & Fitch (ANF) – Abercrombie & Fitch soared 12.8% in premarket action after reporting an unexpected quarterly profit and beating Street revenue forecasts. Dell Technologies (DELL) – Dell fell 1.6% in premarket trading amid a weaker-than-expected current quarter revenue forecast.

☆ U.S. business equipment borrowings grew 6% in October- ELFA
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +1 min

Nov 21 (Reuters) - U.S. companies borrowed 6% more in October to finance equipment investments compared with a year earlier, industry body Equipment Leasing and Finance Association (ELFA) said on Monday. The companies signed up for $11.3 billion in new loans, leases and lines of credit last month, compared with $10.7 billion a year earlier, according to ELFA. ELFA, which reports economic activity for the nearly $1-trillion equipment finance sector, said credit approvals totaled 77%, marginally down from 77.3% in September. The Washington-based body's leasing and finance index measures the volume of commercial equipment financed in the United States. The Equipment Leasing & Finance Foundation, ELFA's non-profit affiliate, said its confidence index in November stood at 43.7%, down from 45% in October.

☆ Dell quarterly profit jumps on higher server demand, lower costs
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +1 min

Nov 21 (Reuters) - Dell Technologies Inc (DELL.N) posted a 68% rise in quarterly operating profit on Monday, as strong demand for servers and network equipment cushioned weak PC sales and easing supply-chain pressures helped rein in costs. Consumer revenue tumbled 29% and large enterprises, or commercial, revenue, fell 13%. Operating expenses fell 8% in the third quarter ended Oct. 28, the company said. Net income tumbled 93% to $241 million, due to the $1 billion settlement of a lawsuit over a disputed 2018 stock swap. read moreOperating income rose to $1.76 billion, from $1.05 billion a year earlier.

☆ A crypto exec shares details of his phone calls with Sam Bankman-Fried days before FTX imploded
▼ + stars: | 2022-11-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Today, we're zooming in on the revealing calls that took place just before the fall of FTX, between Sam Bankman-Fried and a rival exec. Sam Bankman-Fried, the recently dethroned king of crypto, had been making a lot of calls seeking a lifeline before his firm crumbled. Bankman-Fried, Lai added, sounded calm and admitted the liquidity crunch was his own fault. "We think prices need to drop by about 20% from their spring peaks in order to reach a sustainable level." Coinbase stock Markets Insider10.

☆ Cramer’s week ahead: Markets will do ‘much better’ during the next four weeks
▼ + stars: | 2022-11-18 | by ( Krystal Hur | ) www.cnbc.com time to read: +4 min

SmuckerQ2 2023 earnings release at 7 a.m. ETProjected EPS: $2.18Projected revenue: $2.17 billionCramer said that he expects the company to start the week off with a bang. Jacobs SolutionsQ4 2022 earnings release between 6:15 and 6:45 a.m. Tuesday: Best Buy, American Eagle, Burlington, Dollar Tree, Dick's Sporting GoodsBest BuyQ3 2023 earnings release at 7 am. Wednesday: DeereQ4 2022 earnings release between 6:15 and 6:45 a.m.

☆ Markets are watching for more clues on Fed hikes and the economy in the week ahead
▼ + stars: | 2022-11-18 | by ( Patti Domm | In | ) www.cnbc.com time to read: +7 min

Investors may be a bit more cautious in the week ahead, with stocks seeking direction in quiet trading and the bond market's warnings about recession getting louder. "That's going to cause its own pressure on markets because markets never look through a profit recession." In the past week, Fed officials maintained their tough tone and some even sounded more hawkish. A rallying stock market is a sign of looser financial conditions. "The stock market is complicating the Fed's objective," said Lyngen.

Nov 16 (Reuters) - Dell Technologies Inc (DELL.N) on Wednesday said it reached a $1 billion settlement of a lawsuit accusing it of short-changing some shareholders in a controversial $23.9 billion transaction in 2018 that marked its return as a publicly traded company. The disputed December 2018 transaction involved a stock swap related to Dell's interest in software maker VMware. Dell paid $14 billion in cash and issued 149.4 million Class C shares in exchange for outstanding Class V shares, which tracked VMware's publicly traded stock. Holders of the Class V shares sought $10.7 billion in damages, saying their stock was worth far more than Dell paid for it, while the Class C stock was worth far less than Michael Dell and Silver Lake claimed. Michael Dell was worth $52 billion on Tuesday, according to Forbes magazine.

☆ Dell reaches $1 billion lawsuit settlement
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +1 min

Nov 16 (Reuters) - Dell Technologies Inc (DELL.N) has reached a $1 billion settlement of a lawsuit accusing it of short-changing some investors in an approximately $24 billion transaction where it returned to being a publicly traded company. In a regulatory filing on Wednesday, Dell said the settlement is subject to approval by a Delaware Chancery Court judge, and will be reflected in its third-quarter results. Dell paid $14 billion in cash and issued 149.4 million Class C shares in exchange for all outstanding Class V shares. It said holders of the Class V shares claimed that the transaction was conducted at billions of dollars below fair value. The settlement also covers claims against Goldman Sachs Group Inc (GS.N), a defendant in the lawsuit, Dell said.

☆ If you need a unique holiday gift, rewards cards like the Amex Platinum and Capital One Venture X let you gift airport lounge access, Global Entry, charitable donations, and more
▼ + stars: | 2022-11-16 | by ( Sarah Silbert | Jasmin Baron | Read More | ) www.businessinsider.com time to read: +38 min

You credit card rewards could unlock a unique gift for a friend or family member this holiday season. Annual travel credit can effectively shave $300 off the annual fee if you use it Check mark icon A check mark. Both the Chase Sapphire Reserve® and Capital One Venture X Rewards Credit Card include Priority Pass airport lounge membership for authorized users. With the Capital One Venture X Rewards Credit Card, primary cardholders and authorized users can also access Capital One Lounges and over 100 Plaza Premium Lounges worldwide. One method is to redeem Chase Ultimate Rewards points for charitable donations through the Pay Yourself Back feature.

Show more Regular Annual Percentage Rate (APR) 19.99% - 26.99% Variable Editor's Rating 4.65 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.65 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. Each calendar year after spending $60,000 on eligible purchases, Card Members are eligible to select an Earned Choice Award benefit. Read more: United Explorer card reviewCredit cards with airport lounge access frequently asked questions (FAQ)What are the Centurion Lounge locations? The Platinum Card® from American Express is the all-around best credit card for airport lounge access. Joseph Hostetler, CEPF Credit cards reporter Joseph Hostetler is a credit cards reporter for Insider who also covers helpful miles and points tricks.

With the right Amex cards, you can get complimentary access to Delta Sky Club airport lounges, like this one in Minneapolis. Thomas Pallini/InsiderIf you want access to Delta Sky Club lounges, certain Delta credit cards can get you in for free. Delta Sky Club credit card accessIf you have the Delta SkyMiles® Reserve American Express Card or Delta SkyMiles® Reserve Business American Express Card, you can access Delta Sky Clubs if you're traveling on a Delta flight that same day. Access to Delta Sky Clubs and American Express Centurion Lounges when you're flying Delta Check mark icon A check mark. Access to Delta Sky Club and American Express Centurion Lounges when you're flying Delta Check mark icon A check mark.

☆ U.S. CFOs Ask Congress to Repeal Change to R&D Tax Rules
▼ + stars: | 2022-11-07 | by ( Jennifer Williams-Alvarez | In A Letter Finance Chiefs On The Change To R D Deductibility Tax Rules. | ) www.wsj.com time to read: +8 min

For decades, businesses were allowed to deduct certain R&D expenses straight away to reduce their taxable income. Tax deductions are subtractions from taxable income while tax credits get subtracted from the amount of tax owed. Over the course of this year, companies have been making estimated tax payments that incorporate the R&D change, tax attorneys said. On the agenda: Agreeing on funding the government to avoid a shutdown, aid for Ukraine, alongside potential changes to the treatment of R&D expenses. When it comes to a potential repeal or deferral related to R&D deductibility, timing is crucial, said Shelby Ford, a tax partner at Crowe LLP, a public accounting, consulting and technology firm.

☆ Australian watchdog to take Dell to court for alleged misleading cost claims
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +1 min

Nov 4 (Reuters) - Australia's competition regulator said on Friday it would take the local unit of U.S. computer firm Dell Technologies Inc (DELL.N) to court for allegedly misleading people about the cost of buying add-on monitors. The Australian Competition and Consumer Commission (ACCC) said between August 2019 to Dec. 16, 2021, Dell Australia allegedly made false or misleading representations on its website and the potential savings a customer got when an additional monitor was purchased with a computer. In an emailed statement, Dell said the issue affected about 2,100 customers due to an error in its pricing processes which led to incorrect information being displayed on its website about the pricing and savings associated with certain monitors. The company added that it was actively working to update its systems to prevent the error from re-occurring. Reporting by Jaskiran Singh and Upasana Singh in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Note that credit card lenders may use many different variations of credit score models when considering your application. If you're looking for Chase small-business card but don't want to meet the hefty spending requirement on the Ink Business Preferred® Credit Card, the no-annual-fee Ink Business Cash® Credit Card is a great alternative. If you're considering opening a new rewards credit card, do your research to see whether the card you want has previously offered a higher bonus. A credit card sign-up bonus can be a great incentive to apply, especially if you're looking at a card that has an annual fee, but not every good credit card offers an intro bonus. Before you apply for a new credit card, make sure you understand how credit card applications affect your credit score.

If you're trying to decide if a credit card annual fee is worth it, look at its benefits and assess how many you'll use. This card's $650 annual fee is extremely high for a hotel credit card (or any credit card, for that matter). Credit cards with annual fees frequently asked questions (FAQ)What is a credit card annual fee? Credit card annual fees are effectively a paywall you have to breach if you want to enjoy enhanced (and sometimes super exclusive) benefits you won't find on a no-annual-fee credit card. If you won't use the benefits and perks of an annual fee-incurring credit card, no annual fee credit cards are the way to go.

Search resuls for: "Dell Technologies"

25 mentions found