DIRS.INFO The most relevant business & tech news

☆ Mark Cuban is lauding Kamala Harris for joining him in his big fight to lower prescription drug prices
▼ + stars: | 2024-09-11 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Vice President Kamala Harris unveiled her policy platform on her campaign website on Sunday. Harris said she wants to lower drug prices "by taking on pharmacy middlemen." It appeared to cheer Mark Cuban, who's been taking on pharma companies with his own, Cost Plus Drugs. AdvertisementVice President Kamala Harris wants to lower drug prices, and billionaire investor Mark Cuban is all for it. The "Shark Tank" star then proceeded to quote part of Harris' policy position on drug prices in the same post.

Persons: Kamala Harris, Harris, Mark Cuban, who's, —, Joe Biden Organizations: pharma, Service, Democratic, Business

☆ After 9 rejections, she landed her dream job as a Singapore Airlines flight attendant. Six years later, she quit to open a hawker stall.
▼ + stars: | 2024-09-10 | by ( Erin Liam | ) www.businessinsider.com time to read: +8 min

But the dream of becoming a flight attendant never went away, and she continued to apply after graduation. Tan applied to be a flight attendant on Singapore Airlines 10 times. Flying began to feel mundane, and she was uncertain about the job stability and career progression of being a flight attendant, she said. As a flight attendant, Tan got around a day off after working for two or three days a week. AdvertisementNo easy business to break intoThe hawker business is challenging to succeed in.

Persons: —, Cherry Tan, Tan, Duncan Hsu, Hsu, Erin Liam, KF, Hawker, " Tan, I'm, Tan doesn't, hawkers Organizations: Service, Singapore Airlines, Singapore Institute of Technology, Business, Urban, Factory, UNESCO, Intangible, Heritage, National Environment Locations: Singapore, Taiwan, Urban Hawker, New York City, hawker, India

☆ Mark Cuban defends Harris, says people who don't want a presidential candidate 'capable of hugging' should 'seek psychological help'
▼ + stars: | 2024-09-10 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Conservative commentator Ben Shapiro criticized a video of Kamala Harris hugging her supporter. "If you want your presidential candidate to hug you, please seek psychological help," Shapiro said. Mark Cuban slammed Shapiro's remarks while defending Harris. The "Shark Tank" star made the remarks in defense of Vice President Kamala Harris after conservative commentator Ben Shapiro criticized a video of Harris hugging a supporter. "If you want your presidential candidate to hug you, please seek psychological help," Shapiro wrote in an X post on Monday.

Persons: Ben Shapiro, Kamala Harris, Shapiro, Mark Cuban, Shapiro's, Harris, — Organizations: Service, Business

☆ Sam Altman just dropped a new nugget of wisdom about dumpster fires and product launches
▼ + stars: | 2024-09-10 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewOpenAI CEO Sam Altman knows a thing or two about product launches. "If you strap a rocket to a dumpster, the dumpster can still get to orbit, and the trash fire will go out as it leaves the atmosphere," Altman wrote in an X post on Monday. Plans should be measured in decades, execution should be measured in weeks," Altman wrote in his post. Then, in April, Altman said in an X post that being a concise communicator is a "big unlock" for him. Advertisement"Learning how to say something in 30 seconds that takes most people 5 minutes is a big unlock," Altman wrote on April 28.

Persons: —, Sam Altman, OpenAI, Altman, Nat McAleese, X, OpenAI didn't Organizations: Service, Business

☆ Portfolio Manager discusses the rotation trades within the China market
▼ + stars: | 2024-09-10 | 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 EmailPortfolio Manager discusses the rotation trades within the China marketGary Tan of Allspring Global Investments discusses why he was cautious of the rotation to dividend plays in China and says what looks like a rotation within Hong Kong-listed tech stocks shows the need for more positive news before domestic capital steps into the equity markets.

Persons: Gary Tan Organizations: Allspring Global Investments Locations: China, Hong Kong

☆ People in China still aren't buying enough stuff — so exporters are slashing prices to push more overseas sales
▼ + stars: | 2024-09-10 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Read previewChina's exports are booming, but profits could be under pressure, recent data from the country showed. China's exports rose 8.7% in August from a year ago to nearly $309 billion — a two-year high, official data showed on Tuesday. Imports, meanwhile, edged up by just 0.5% in August from a year ago — a sign that domestic demand was still weak. While China's robust exports have been supporting the country's flagging economy amid weak demand, data suggest that exporters have been slashing prices to stay competitive — a trend some economists have flagged. Meanwhile, official data released on Monday showed China's Producer Price Index — which measures the price of goods at the factory gate — falling 1.8% from a year ago.

Persons: —, it's Organizations: Service, Reuters, Business, PPI, Bank of America, European Union Locations: China, Beijing

☆ International manhunt for man accused of pouring hot liquid on baby in Australia
▼ + stars: | 2024-09-09 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +1 min

Authorities in Australia say they have issued an arrest warrant for a man who they say poured hot liquid on a 9-month-old infant last month, sparking a national and international manhunt. Police have released images of a man who may be able to assist in the investigation into the serious assault of an infant at a park in Australia on Aug. 27. On the day of the alleged crime, a group of people were approached by a man, unknown to them, who poured hot liquid on the baby boy before he ran away, authorities said. The infant was taken to the hospital with serious but non-life-threatening injuries, police have said. The man was last seen wearing a black hat, glasses, shirt and shorts.

Organizations: Queensland Police Service, Queensland Police, Police, Morningside Child Protection Investigation Unit Locations: Australia, Hanlon, Queensland

☆ Elon Musk says the first Starship launch to Mars will happen in 2 years
▼ + stars: | 2024-09-09 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

SpaceX will launch its first uncrewed flight to Mars in two years time, Elon Musk said on Saturday. "If those landings go well, then the first crewed flights to Mars will be in 4 years," Musk added. AdvertisementThe first uncrewed flight to Mars on SpaceX's Starship will take place in two years time, the company's CEO Elon Musk said on Saturday. "The first Starships to Mars will launch in 2 years when the next Earth-Mars transfer window opens. These will be uncrewed to test the reliability of landing intact on Mars," Musk wrote in an X post.

Persons: Elon Musk, Musk, —, SpaceX's Organizations: SpaceX, Service, Business

☆ Before his death, Steve Jobs told Bob Iger to retire from Disney and try to enjoy the good things in life: report
▼ + stars: | 2024-09-09 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewBefore dying of pancreatic cancer in October 2011, the late Apple CEO Steve Jobs told his counterpart at Disney, Bob Iger to start planning his retirement. Jobs, Iger wrote in his memoir, played a critical role in Disney's acquisition of Marvel in 2009. In July 2023, Disney said that Iger's tenure as Disney CEO will run through 2026. Advertisement"The person that I think most of, that I was fortunate enough to have observed very closely, is Steve Jobs," Iger said of Jobs in an interview with Time magazine published in April 2023. Jobs, Iger told the magazine, had returned to Apple under "very different circumstances" than when he'd founded it.

Persons: —, Steve Jobs, Bob Iger, Jobs, Iger, Disney didn't, he'd, Ike Perlmutter, Marvel's, we'd, Ike, Steve Organizations: Service, Apple, Disney, New York Times, Business, Iger, Walt Disney Company, Pixar, Marvel, NeXT

☆ Russia's central bank and lenders tell each other to resolve the country's yuan supply squeeze
▼ + stars: | 2024-09-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Russian banks are urging the country's central bank to boost yuan liquidity amid shortages. But Russia's central bank is advising lenders to limit yuan-denominated loans. The Russian central bank said currency swaps are a short-term, not a long-term solution to yuan supply. But Russia's central bank is passing the buck back to the country's banks. In a report published on Friday, Russia's central bank advised lenders to limit the issuance of yuan-denominated loans.

Persons: — Organizations: Service, Central Bank of Russia, Business Locations: Russian, Russia's

☆ More countries are openly flaunting their ties with Putin. They say it's just business.
▼ + stars: | 2024-09-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRussian President Vladimir Putin is having a very social year as his country continues to wage war in Ukraine. So far, Putin has met top leaders from Asian countries including China, India, Vietnam, and Indonesia. Russia is the BRICS chair this year, and Putin has invited Mongolia to join the group's summit in October. Russia's push for a multipolar world order resonates with countries who desire a more equitable international order.

Persons: —, Vladimir Putin, Putin, Sean McFate, McFate, Anwar Ibrahim, Ukhnaagiin Khürelsükh, couldn't, Russia —, Serik, Li Qiang's, Syracuse University's McFate, it's, Derek Grossman, Grossman Organizations: Service, Syracuse University Maxwell School of Citizenship, Public Affairs, Business, Malaysian, Criminal, ICC, World Bank, European Union, NATO, Bloomberg, Moscow, Central, European, EU, United Nations, RAND, Foreign Locations: Ukraine, China, India, Vietnam, Indonesia, Russia, North Korea, Iran, Mongolia, Mongolian, Russia's, European, Sri Lanka, Turkey, Kazakhstan, Central Asian, European Union, Moscow, Beijing, Europe, Syracuse, Brazil, South Africa, Malaysia, Switzerland, United States

☆ Broadcom says it will sell $12 billion in AI parts and custom chips this year
▼ + stars: | 2024-09-05 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Broadcom reported a net loss of $1.88 billion, or a loss of 40 cents per share, versus net income in the year-ago quarter of $6.12 billion, or $1.24 per share. For example, Broadcom works on Google's TPU chip, which Apple used to train some of its AI features. Broadcom CEO Hock Tan said in a statement that the company expects to record $12 billion in sales from AI parts and custom chips in fiscal 2024, up from a previous forecast of $11 billion. The company reported $7.27 billion in semiconductor sales during the quarter, up 5% annually. It is still larger than Broadcom's infrastructure software segment, which reported $5.8 billion in sales, much of which is from the company's VMware acquisition.

Persons: Apple, Hock Tan, Tan Organizations: Broadcom, VMware Locations: U.S

☆ Why Broadcom stock is tumbling after an earnings beat — and how to play the dip
▼ + stars: | 2024-09-05 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

Broadcom reported an earnings beat Thursday, driven by strong sales of its AI products and VMware software. We view Broadcom as one of the biggest AI beneficiaries through its networking and custom chip businesses. However, Broadcom generated $5.3 billion in free cash flow when excluding restructuring and integration cash costs in the quarter. The semi number is a slight miss versus expectations, and the difference is probably due to the non-AI business lines because AI sales are humming. Broadcom raised its full-year AI revenue forecast to $12 billion, up from prior guidance of over $11 billion.

Persons: Hock Tan, Tan, …, Tan didn't, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Broadcom, VMware, LSEG, VMWare, Wall Street, Marvell Technology, Devices, Nvidia, Revenue, Apple, Management, CNBC Locations: Hock, American, San Jose , California

☆ A US Navy warship commander was relieved of duty over a 'loss of confidence' 4 months after he was photographed firing a rifle with a backward scope
▼ + stars: | 2024-09-04 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Cameron Yaste was ridiculed when he was photographed firing his rifle with a backward scope. Yaste was relieved of duty on Friday, just four months after the photo was published. The US Navy said Yaste was removed "due to a loss of confidence in his ability." AdvertisementA US Navy warship commander who was ridiculed online for firing a rifle with the scope mounted backward has been relieved of duty, the Navy said Friday. Cameron Yaste was the captain of the USS John S. McCain, a Navy destroyer that has been stationed in the Middle East since April.

Persons: Cameron Yaste, Yaste, —, Cmdr, John S, McCain Organizations: US Navy, Service, Navy, Business

☆ China’s earnings season is wrapping up. How to play what’s next
▼ + stars: | 2024-08-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Major Chinese companies' latest quarterly reports reinforce how the local market is one for stock pickers. Another Chinese stock with growing exposure to overseas growth is Temu parent PDD Holdings , which is scheduled to report earnings before the U.S. market open on Monday. As of Friday, PDD held the second-largest weighting in CoreValues Alpha Greater China Growth ETF (CGRO). That gives the ETF managers timely information to move in and out of Chinese stocks. CGRO holds just over 30 Chinese companies that meet criteria such as "not compromising American tech, economic interests or values" or appearing on U.S. sanctions lists, according to the ETF's website.

Persons: Lorraine Tan, Morgan Stanley, Laura Wang, PDD, Tencent, Ben Harburg, CoreValues, Harburg, CGRO, We've, we've, you've, — CNBC's Michael Bloom Organizations: Morningstar, CNBC, GDS Holdings, PDD Holdings, China Growth, CoreValues Alpha, U.S, KraneShares CSI China Internet Locations: Asia, Morgan Stanley China, U.S, China, Hong Kong, Malaysia, Alpha, Beijing, Japan, India

☆ Intel has hired Morgan Stanley, other advisers for activist defense
▼ + stars: | 2024-08-23 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Intel is working with advisors including Morgan Stanley to help defend itself against activist investors, according to people familiar with the matter, as CEO Pat Gelsinger attempts to turn around the struggling chipmaker. While Intel has faced activist pressure in the past, no new campaign has been formally launched and it isn't clear if an activist investor has been in contact with the company's board. Morgan Stanley has previously worked with Intel, including in the company's 2022 spinoff of Mobileye . The sources with knowledge of Morgan Stanley's latest involvement asked not to be named due to confidentiality. Representatives for Intel and Morgan Stanley declined to comment.

Persons: Morgan Stanley, Pat Gelsinger, Morgan Stanley's, it's, Dan Loeb's, Frank Yeary, Camberview, Tan, — CNBC's Alex Sherman, Kif Leswing Organizations: Intel, Nvidia, Devices, Broadcom, Qualcomm, Texas, Wall

☆ TikTok 'finfluencers' accurately called the AI rally, but credibility concerns dog them
▼ + stars: | 2024-08-16 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +5 min

The team then tracked the prices of the recommended stocks from the day the videos were posted up until June 21, 2024. The most profit that an investor could have generated from a single stock would have been Nvidia, which grew 63.08% in the period surveyed. If a person invested $1,000 in every stock recommended in the one video that got the most bets right, the gains would have amounted to $4,860. On the other hand, putting money into all the stocks recommended in the video that got most bets wrong would have led to a loss of $1,517. "Furthermore, a single period coincident result does not translate to a definitive conclusion of predictability in the long run."

Persons: Dado Ruvic, Let's, —, Gerald Wong, Wong, Jeremy Tan, Jiang Zhang, — Zhang, Tan Organizations: Reuters, Nvidia, Qualcomm, Google, Ginkgo, Holdings, CNBC, Tiger Fund Management, Management, Investor Locations: York, Singapore

☆ Google's former CEO says the tech giant is losing out to OpenAI and Anthropic because staff are working from home
▼ + stars: | 2024-08-14 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

OpenAI and Anthropic have been giving Google a run for its money in the AI race. "The reason the startups work is because the people work like hell," Schmidt said. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! AdvertisementRemote working has blunted Google's competitiveness in the AI race, says the company's former CEO and chairman, Eric Schmidt.

Persons: Eric Schmidt, Schmidt, —, Anthropic Organizations: Google, Service, Stanford University, Stanford, YouTube, Business

☆ Nearly all Chinese banks are refusing to process payments from Russia, report says
▼ + stars: | 2024-08-14 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Fearful of the US' secondary sanctions, nearly all Chinese banks are refusing payment transfers from Russia. Russia has used smaller banks and non-US dollar currencies to bypass sanctions since the Ukraine invasion. AdvertisementThe impact of the West's sanctions just seems to be getting worse and worse for Russia. Now, 98% of Chinese banks — even small regional ones — are refusing to accept direct Chinese payment transfers from Russia, Alexey Razumovsky, the commercial director of payments company Impaya Rus, told the pro-Kremlin Izvestia media outlet. Such issues appear to have intensified over the last three weeks, because smaller Chinese financial companies were still processing Russian payments in May and June, per Izvestia.

Persons: —, Alexey Razumovsky, Impaya Rus Organizations: Service, Impaya, Kremlin, Business Locations: Russia, Ukraine

☆ A Russian lawmaker says the military knew Ukraine was planning to hit Kursk, but everyone was told 'not to panic' because 'those above know better'
▼ + stars: | 2024-08-14 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Ukraine's shock incursion into Russia's Kursk region didn't come as a complete surprise to Russia's military. Russian lawmaker Andrey Gurulyov said the military was warned about the attack a month ago. "But from the top came the order not to panic and that those above know better," he said. Go to newsletter preferences Thanks for signing up! AdvertisementUkraine caught the world by surprise when it attacked Russia's Kursk region last week, but a Russian lawmaker says the country's military knew about the planned incursion a month before it happened.

Persons: Andrey Gurulyov, —, Russia's, Vladislav Shurygin Organizations: Service, State Duma, The New York Times, Business Locations: Russia's Kursk, Ukraine, Russian

☆ I gave up my dream of being a doctor at a local hospital just one year out of medical school. That decision cost me close to half a million dollars, but it was worth it.
▼ + stars: | 2024-08-13 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

Medical school was fun but gruelingChoo (right) graduated from medical school in 2021. Faith ChooThe first two years of medical school felt like high school all over again. AdvertisementBack then, our seniors in medical school would warn us about life after graduation. They would tell us about the terrible working hours that came with being on call, like having to work for two days straight without rest. AdvertisementThe thought of leaving first crossed my mind after I clocked 19 consecutive days of work in the hospital.

Persons: —, Faith Choo, they've, Choo, they're Organizations: Service, Business Locations: Singapore

☆ Elon Musk had weekly meetings with super PAC consultants to try to get voters to turn out for Trump in battleground states: report
▼ + stars: | 2024-08-13 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Elon Musk has spent time in meetings trying to figure out how to get Trump re-elected, per the WSJ. Musk had weekly, hourlong meetings with his pro-Trump super PAC in spring, per The Journal. The meetings were focused on boosting voter turnout for Trump in swing states. Go to newsletter preferences Thanks for signing up! Musk has been convening hour-long weekly meetings with the consultants and vendors from America PAC, a pro-Trump organization he formed, the Journal reported.

Persons: Elon Musk, Musk, —, Elon, Donald Trump Organizations: Trump, Service, Street, America PAC, Business

☆ Mark Cuban says Silicon Valley tech bros have lost their grip on reality and now want to be the board of directors to Trump's CEO
▼ + stars: | 2024-08-13 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. Now, Trump enjoys the support from Silicon Valley bigwigs like Tesla CEO Elon Musk and venture capitalists Marc Andreessen and Ben Horowitz. They want to vote for normal people they can relate to," Cuban wrote in an X post on August 6. Representatives for Cuban and the Trump campaign didn't immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Mark Cuban, Donald Trump, It's, Jon Stewart, Trump, Cuban, Stewart, they've, Peter Thiel, Elon Musk, Marc Andreessen, Ben Horowitz, Vance, Musk, Sen, JD Vance, Ohio, Joe Biden, Kamala Harris, Biden, Harris, Tim Walz, Walz, Walz didn't, didn't Organizations: Service, titans, Business, PayPal, Tesla, Trump, Democratic Party, Republican Party, Democratic, Ivy League, University of Pennsylvania's Wharton School, Yale Law School, Cuban, Business Insider Locations: Silicon, United States, America, Silicon Valley, San Francisco Bay, Minnesota

☆ Elon Musk's daughter Vivian slams Walter Isaacson's Musk biography, saying it portrays her as her father's 'villain backstory'
▼ + stars: | 2024-08-13 | by ( Kwan Wei Kevin Tan | Grace Kay | ) www.businessinsider.com time to read: +1 min

Elon Musk's daughter Vivian criticized Walter Isaacson's Musk biography over its portrayal of her. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementVivian Wilson, Elon Musk's daughter, isn't happy with how she says she was depicted in Walter Isaacson's best-selling biography about her father. Wilson slammed the biography in a series of social-media posts Sunday night.

Persons: Elon Musk's, Vivian, Walter Isaacson's Musk, Isaacson didn't, —, Vivian Wilson, isn't, Walter Isaacson's, Wilson, Walter Isaacson Organizations: Service, Business

☆ AI and security concerns fuel a shift to on-premises IT infrastructure as companies seek more control of data
▼ + stars: | 2024-08-13 | by ( Matthew S. Smith | ) www.businessinsider.com time to read: +9 min

Organizations are shifting to hybrid cloud and on-prem IT infrastructure for more control over data. Rather than depending solely on third-party cloud services, they're looking to operate their IT data networks on-site. Hewlett Packard EnterpriseA push for on-premThis trend is a response to concerns about the reliability, security, and cost-effectiveness of cloud services. Kindo provides a secure management platform for AI systems that lets organizations control which users have access to internal AI resources. The winners will be those that can bridge cloud and on-prem to provide the level of control organizations are demanding.

Persons: —, prem doesn't, Tan, prem, There's, it's, Peter Wang, Anaconda, Wang, Dennis Duckworth, Duckworth, Chris Stegh, Stegh, They've, they've Organizations: prem, Service, Hewlett Packard Enterprise, Anaconda, Anaconda Anaconda, Amazon Web Services, eGroup Enabling Technologies Locations: Germany, Switzerland, Portland , Oregon, San Francisco

Search resuls for: "TAN"

25 mentions found