DIRS.INFO The most relevant business & tech news

☆ Bed Bath & Beyond vows it can pull off a sale – here's what that means for shareholders
▼ + stars: | 2023-04-24 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +5 min

Bed Bath & Beyond is confident it can offload its names and stores after it declared bankruptcy, but shareholders are expected to be wiped out as its stock plummets. "Bed Bath & Beyond has pulled off long shot transactions several times in the last six months, so nobody should think Bed Bath & Beyond will not be able to do so again. To the contrary, Bed Bath & Beyond and its professionals will make every effort to salvage all or a portion of operations for the benefit of all stakeholders," she added. The likelihood of finding a buyer will come down to how much Bed Bath and Buy Buy Baby's names are worth. As of late November, Bed Bath & Beyond had about $4.4 billion in assets and $5.2 billion in debts, court filings show.

Organizations: & $

☆ Employee surveillance is on the rise — and that could backfire on employers
▼ + stars: | 2023-04-24 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +8 min

[Employee surveillance] has increased excessively over the last few years … largely under the guise of ensuring workplace safety and confidentiality and protecting the business. It therefore comes as no surprise that demand for employee monitoring software has skyrocketed since the pandemic. Veriato is one of many employee monitoring software companies worldwide whose sales boomed because of the pandemic. When you're looking at your contract, you're not looking for those clauses — you're looking at how much am I going to get paid? "When you're looking at your contract, you're not looking for those clauses — you're looking at how much am I going to get paid?

☆ Higher US Fed rates 'not a major concern' for C$, BOC's Macklem says
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: 1 min

OTTAWA, April 20 (Reuters) - The impact on the Canadian dollar from U.S. Federal Reserve raising interest rates more than the Bank of Canada is not a "major concern" because of a flexible exchange rate and the BOC's independent monetary policy, Governor Tiff Macklem said on Thursday. "That is not a major concern. We have an independent monetary policy, we have a flexible exchange rate," Macklem told a Canadian Senate panel, in response to a question about the impact of higher U.S. interest rates on the Canadian dollar. "For sure there'll be some fluctuations in the Canadian dollar .. but, by and large, the flexible exchange rate system works pretty well," he said. Reporting by Ismail Shakil and Steve Scherer in OttawaOur Standards: The Thomson Reuters Trust Principles.

☆ Real-Estate Agents Face a Reckoning As Housing Market, Home Sales Slow
▼ + stars: | 2023-04-19 | by ( James Rodriguez | ) www.businessinsider.com time to read: +14 min

Just as the housing market goes through booms and busts, so do the ranks of real-estate agents. This has left real-estate agents fighting over a dwindling pool of listings. That makes the job of a local real-estate agent trickier and more nuanced than it was a year ago. "What makes a good real-estate agent and what makes a successful real-estate agent have almost no crossover." She joined a women's support group for real-estate agents on Facebook, where she found many others were experiencing similar challenges.

☆ Wetzel's Pretzels is launching a new store concept aimed at Gen Z and millennials – take a look inside
▼ + stars: | 2023-04-12 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Wetzel's Pretzels is launching a new store concept that will sell innovative takes on the typical pretzel. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyCalifornia pretzel chain Wetzel's Pretzels is launching a new store concept specifically targeting Gen Z and millennials. With Twisted, Wetzel's Pretzels will be steering clear of shopping malls. Wetzel's Pretzels CMO Kim Freer told Insider that the company would instead target college towns and power centers, which are outdoor shopping centers with multiple big-box tenants. Wetzel's PretzelsFreer said that Wetzel's Pretzels planned to open around 40 new stores between now and the end of 2023, with at least three being Twisted stores.

CHICAGO, April 11 (Reuters) - U.S. President Joe Biden picked Chicago to host the 2024 Democratic National Convention, tapping a large liberal city in the heart of the Midwest to hold what could be his nominating party, officials said on Tuesday. "Chicago is a great choice to host the 2024 Democratic National Convention," Biden said in a statement distributed by the Democratic National Committee (DNC) on Tuesday. The city has hosted several Democratic conventions, including the tumultuous and violent 1968 gathering during the Vietnam War. "There'll be some initial heartbreak, which I'm experiencing right now," said Dominick Perkins, a top Democratic strategist in Georgia. The convention, where delegates will formally select a final Democratic nominee to run in the November 2024 presidential election, will run from Aug. 19-22 next year, the DNC said.

☆ Moscow is trying to play it cool, but its military moves hint at growing concern over NATO's newest member
▼ + stars: | 2023-04-06 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Finland's admission this month doubles the length of NATO's border with Russia and does so in a region with important Russian military outposts. But Putin's invasion of Ukraine scared not only Finland into joining NATO but also Sweden, which hasn't fought a war since Napoleon was alive. This boosts the alliance's military, political, and economic power considerably and confronts Russia with the prospect of even more NATO forces on its border. There is the possibility of NATO forces and infrastructure being deployed to those countries. Russia's Arctic forces also field an array of powerful weapons, including submarine- and land-based cruise missiles and air-launched hypersonic weapons.

☆ Migrants were locked behind bars during deadly Mexico fire, witnesses say
▼ + stars: | 2023-03-29 | by ( Lizbeth Diaz | ) www.reuters.com time to read: +4 min

CIUDAD JUAREZ, Mexico, March 29 (Reuters) - Migrants were locked in a cell as a blaze spread killing 39 people at a detention center in Mexico, witnesses and a survivor said on Wednesday, as Mexico's president vowed to bring to justice those responsible. "There'll be no attempt to hide the facts, no attempt to cover for anyone," he told a news conference in Mexico city. All the victims were male, and Mexico's government is under pressure to find out why they died after officials said the women migrants at the center were successfully evacuated. Outside a hospital in Ciudad Juarez, which sits across the border from El Paso, Texas, family members anxiously waited for news of their loved ones who had been injured in the fire. Reporting by Lizbeth Diaz in Ciudad Juarez and Daina Beth Solomon, Dave Graham and Valentine Hilaire in Mexico City; Writing by Anthony Esposito; Editing by Jonathan Oatis and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

☆ SBF played 'League of Legends' so much he was gaming during pitch meetings. Now his lawyers say there'll be no more online games for the crypto king.
▼ + stars: | 2023-03-29 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

He's said to have played it at a pitch meeting, and says he's been gaming while under house arrest. The conditions also say Bankman-Fried will be prohibited from accessing any video games or gaming hardware that "permit chat or voice communication." Bankman-Fried, who was arrested in the Bahamas in December, previously touted his penchant for the online game "League of Legends." "I'm (in)famous for playing League of Legends while on calls," Bankman-Fried tweeted. But Bankman-Fried isn't very good at playing "League of Legends," according to billionaire Elon Musk and Rep. Alexandria Ocasio-Cortez.

☆ The $900 million Storylines MV Narrative cruise ship will have an anti-aging clinic, 2 farms, and a hospital – everything residents need to live permanently at sea.
▼ + stars: | 2023-03-18 | by ( Kate Duffy | ) www.businessinsider.com time to read: +5 min

Paul Read, a project manager, is heading the design process for the $900 million MV Narrative ship. About three years ago, I was appointed as project manager of Storylines' MV Narrative, a cruise ship with apartments costing up to $8 million each, that will allow residents to live permanently at sea. How the MV Narrative ship will look. The MV Narrative will have an anti-aging clinic. The ones on the MV Narrative are expected to grow lettuce, beans, tomatoes, cucumbers, and strawberries.

☆ I'm designing the $900 million Storylines MV Narrative cruise ship for residents to live permanently at sea. It has an anti-aging clinic, 2 farms, and a hospital.
▼ + stars: | 2023-03-18 | by ( Kate Duffy | ) www.businessinsider.com time to read: +5 min

☆ Silicon Valley Bank's collapse has made the Fed's job way harder, top economist says
▼ + stars: | 2023-03-17 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

The Federal Reserve will struggle to achieve a "no landing" scenario now that Silicon Valley Bank has collapsed, according to Apollo Global Management's chief economist. Torsten Sløk said he's expecting the regional banking crisis to lead to a fall in lending levels. "The slowdown that was already underway because of the Fed raising rates might come faster," he told Bloomberg. Its stock then cratered 87% in two days before it was taken over by regulators – and the share prices of other regional banks like First Republic and Western Alliance have also plunged since its collapse. The banking crisis has led to some of Wall Street's top names raising alarm bells about the Fed – which is still upping borrowing costs in a bid to tame inflation.

☆ Retailers see a tough year ahead, so they're rolling out the recession playbook
▼ + stars: | 2023-03-16 | by ( Melissa Repko | ) www.cnbc.com time to read: +8 min

Now, major retailers are dusting off their playbook for a recession — or at least for a period of slower sales. Target shoppers can soon get a Starbucks coffee, make a return and retrieve an online purchases without leaving their cars. Some retailers are rethinking their approach to discounts while questioning other costs, such as giving away free shipping or deliveries without strings attached. Some retailers have also turned free shipping into a perk for only engaged or higher spending customers. Nike , for instance, offers free shipping for shoppers – if they share their personal data by joining its membership program.

☆ There'll be a 'severe earnings recession' in U.S. banking: Strategist
▼ + stars: | 2023-03-16 | 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 Email'Severe earnings recession' in U.S. banking as long as there's an inverted yield curve: StrategistPaul Dietrich of B. Riley Wealth Management says that will keep the banking sector down for "quite a long time."

☆ I'm a CEO who stopped checking my phone when I wake up. Now I'm less stressed and more energized.
▼ + stars: | 2023-03-15 | by ( Robin Madell | ) www.businessinsider.com time to read: +7 min

He stopped checking his phone for the first two hours of his day after seeing it trending on TikTok. At this point, I'm comfortable using my phone for my notes app and to take a peek at my calendar. I've found that I'm more prepared to handle my work once I sit down to do it. My clientele and line of translation work are fairly stable and routine, but urgent matters do occasionally come up. You'll be less inclined to check your phone once you know there's a boundary set on both ends of your personal and work relationships.

☆ Regional banks are still vulnerable even with Fed on alert, Jim Cramer says
▼ + stars: | 2023-03-13 | by ( Rohan Goswami | ) www.cnbc.com time to read: +1 min

The worst isn't over, and regional banks are still vulnerable, CNBC's Jim Cramer said Monday, after a bruising few days that saw Silicon Valley Bank , Signature Bank , and Silvergate Bank all shutter. It isn't a boon for big banks, though, with what Cramer called an "alert" Federal Reserve keeping an eye out for smaller regional banks losing out to J.P. Morgan 's gain. "Part of that's because the Fed expressed a commitment to keeping as many regional banks in business as they can. Now, we don't want to be like other countries where only a few major banks control the entire market," Cramer said. That is what's driving the Fed's desire to support regional banks with favorable lending, and what propelled federal regulators to backstop deposits.

☆ Inside the Trump grand jury room — '40s-era furniture, linoleum-topped desks, and a looming indictment
▼ + stars: | 2023-03-13 | by ( Laura Italiano | ) www.businessinsider.com time to read: +11 min

Instead, the grand jury room where Donald Trump could become the first former president to be criminally indicted is a drab, un-Trumplike space, seemingly too ordinary for its purpose. After each presentation, she'd wait, seated on one of those same chairs, as grand jurors deliberated behind closed doors. "And yes, sometimes there are people who will drive the other 22 grand jurors crazy with off-the-wall questions." There needs to be at least 16 grand jurors present out of the originally selected 23 to have a voting quorum. The prosecutor, meanwhile, will sit on that old, uncomfortable wooden chair just outside the grand jury room, and wait for the buzzer.

Twitter exploded on Thursday afternoon with concerns about storied institution Silicon Valley Bank. Silicon Valley is losing faith in its go-to bank SVB Financial. It's an all out bank run," founder Howard Lerman wrote. If startups are worried the bank can't give them all their money back from their bank accounts, then they might pull their accounts. In essence, a bank run -- Silicon Valley style.

☆ The Justice Department investigated Jeffrey Epstein's death. Then it went silent.
▼ + stars: | 2023-03-09 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +25 min

Jeffrey Epstein's death in a federal jail was seen as a shocking Justice Department failure. But more than three years later, the office still hasn't released its report into the circumstances of Epstein's death. "We all took it by surprise," Mark Epstein told Insider. Barr tasked the Justice Department's inspector general, Michael Horowitz, and the FBI with investigating "the circumstances of Mr. Epstein's death." Mark Epstein told Insider that he spoke to his brother about once a month in the years before his death.

☆ UK deputy PM Raab: Hopeful for good news on Brexit deal in days, not weeks
▼ + stars: | 2023-02-26 | by ( ) www.reuters.com time to read: +1 min

LONDON, Feb 26 (Reuters) - Britain's Deputy Prime Minister Dominic Raab on Sunday said he was hopeful for good news within days, not weeks, on a deal with the European Union to resolve problems with post-Brexit trading rules applied to Northern Ireland. "Hopefully there'll be good news in a matter of days, not weeks," he told Sky News. Prime Minister Rishi Sunak told the Sunday Times newspaper he was "giving it everything" to get a deal done. But the protocol effectively created a border in the Irish Sea for some goods moving from Britain because it kept Northern Ireland in the EU's single market for goods. That has disrupted trade and the delicate political balance in the region, preventing the formation of its power-sharing government.

☆ 'Quiet' is the workplace word of 2023
▼ + stars: | 2023-02-25 | by ( Madison Hoff | ) www.businessinsider.com time to read: +9 min

Bare Minimum Monday, another workplace buzzword of 2023, also relates to quiet quitting. Experts think those "quiet" trends and more are set to continue throughout 2023 and beyond. "Quiet hiring" is one of the "biggest workplace buzzwords" of 2023 per Insider's reporting. Emily Rose McRae of Gartner's HR Practice said per reporting from GMA that quiet hiring is a workplace trend in 2023 in part because of a shortage in talent. Other buzzwords of the year from Insider's reporting relate to quiet quitting even if they don't use the word quiet.

☆ Microsoft cofounder Bill Gates says the rise of AI poses a threat to Google's search engine profit
▼ + stars: | 2023-02-22 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Bill Gates said in a podcast Google's search engine profits could fall as Microsoft moves into AI. Gates said AI is the "biggest thing in this decade" and could reshuffle the tech space. Microsoft unveiled an AI-powered Bing in a challenge to Google's search engine dominance. His comments came two weeks after Microsoft unveiled an AI-powered version of its Bing search engine, which pits itself as a challenger to Google's dominance in the search space. Just as Microsoft launched Bing, Alphabet — Google's parent company — also unveiled an AI service called Bard.

☆ Exclusive: World Bank's Malpass on surprise exit: Four years is a long time
▼ + stars: | 2023-02-16 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

WASHINGTON, Feb 16 (Reuters) - World Bank President David Malpass on Thursday told Reuters he decided to leave before his five-year contract ended because he felt work was well underway on reforms aimed at expanding the bank's lending. Malpass, who was nominated by former President Donald Trump, said the end of the bank's fiscal year was a good time for a transition. Malpass will leave the bank by the end of June. Asked about suggestions he had been urged to leave, Malpass said he was leaving on his own terms and it made sense for him at this time. Malpass would not comment on whether it was time to end a longstanding tradition of having the bank's leader come from the United States.

☆ Senate GOP women hail Nikki Haley's entry into the 2024 presidential primary but almost unanimously cheer for 'a lot of other people' to jump in
▼ + stars: | 2023-02-15 | by ( Warren Rojas | ) www.businessinsider.com time to read: +4 min

Senate Republican women offered guarded praise but seemed interested in additional candidates. And we'll see who else jumps in," Sen. Joni Ernst, who seemed to be on the exact same page as many of her colleagues, told Insider at the US Capitol. While the half-dozen GOP women Insider talked to about Haley's plans were generally supportive of her presidential ambitions, none offered her an endorsement. I thought it was well done," Sen. Deb Fischer of Nebraska told Insider between Senate votes. "She adds much needed diversity," Collins told Insider — before quickly adding, "I expect there'll be other very good candidates announcing as well."

☆ Zelenskiy urges speedy help from allies as Russia pounds Ukraine's east
▼ + stars: | 2023-02-14 | by ( Pavel Polityuk | ) www.reuters.com time to read: +6 min

Much of Russia's artillery fire was focused on Bakhmut, a bombed-out city in Donetsk province and a principal target for President Vladimir Putin. Zelenskiy said Russia was in a hurry to achieve as much as it could with its latest push before Ukraine and its allies could gather strength. Speed saves people's lives, speed brings back security, and I thank all our partners who realize that speed is important." Russian forces had made incremental progress in their assault on Bahkmut, White House spokesperson John Kirby said. Wagner head Yevgeny Prigozhin said Russian forces would not be able to capture the town anytime soon.

Search resuls for: "there'll"

25 mentions found