DIRS.INFO The most relevant business & tech news

☆ Big central banks hike again with end of tightening in sight
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +5 min

LONDON, Aug 3 (Reuters) - Major central banks are tentatively eyeing the end of aggressive interest rate hikes as price pressures finally show signs of abating. So far, nine developed economies have raised rates by a combined 3,865 basis points (bps) in this cycle. This may have marked the end of a 20-month hiking cycle, with economists polled by Reuters expecting the central bank to stay put for the rest of 2023. Canada's inflation rate fell to 2.8% in June. Reuters Graphics10) JAPANThe Bank of Japan, the world's most dovish major central bank, kept its interest rate target at -0.1% in July, but shook markets by making its yield curve control policy more flexible.

Persons: Jerome Powell, BoE, Riksbank, Nell Mackenzie, Alun John, Naomi Rovnick, Harry Robertson, Chiara Elisei, Vincent Flasseur, Sumanta Sen, Pasit, Tomasz Janowski, Toby Chopra Organizations: UNITED, Federal Reserve, ZEALAND, Reserve Bank of New, Reuters, BRITAIN, Bank of England, bps, Bank of Canada, BoC, European Central Bank, ECB, Reserve Bank of Australia, Norges Bank, Swiss, Bank of Japan, Thomson Locations: Japan, Reserve Bank of New Zealand, NORWAY, SWEDEN, SWITZERLAND Swiss, JAPAN

☆ ‘Birds Are My Eyesight’
▼ + stars: | 2023-08-03 | by ( Alexandra Marvar | ) www.nytimes.com time to read: +14 min

‘Birds Are My Eyesight’ For some blind birders, avian soundscapes are a way to map the world around them. Cheer up, cheer, cheer. Pretty, pretty, pretty, pretty.” Northern Cardinal Watch here! Pretty, pretty, pretty, pretty, pretty, pretty, pretty, pretty. To some, the Northern cardinal sounds like it’s saying “pretty, pretty, pretty.” Audubon Vermont compares its call to a Star Wars light saber.

Persons: Susan Glass, ”, “, Michael Hurben Ms, Glass, martin, lockdowns, Sarah Courchesne, Courchesne, Freya McGregor, birdsong, Jim Wilson, cheerily, Robin Cheer, Jerry Berrier, Berrier, Berrier's, Kayana, Berrier’s, ’, Jerry Berrier Mr, that’s, ” Mr, ‘, ’ ”, I’ve, ” Trevor Attenberg, Mr, Attenberg, Hurben, —, Michael Hurben, Claire Strohmeyer, piha, trekked, Werner Herzog’s, “ Aguirre, I’ll Organizations: West Valley Community College, Massachusetts Audubon, New York Times, Audubon Society, New Haven Birding Club, ”, “, The New York Times, Baltimore oriole, Indiana University of Pennsylvania, Cornell University, Watch, Audubon, Star, Ornithologists Locations: Saratoga , Calif, Pittsburgh, Erie, Michigan, Massachusetts, Newburyport, Cape Cod, Colombian, Ipswich, Malden , Mass, Audubon Vermont, Portland ,, Mexican, U.S, California, Bloomington, Minn, Cape, N.J, Brazil

☆ Church & Dwight lifts annual targets on higher prices, steady demand
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +2 min

July 28 (Reuters) - Church & Dwight (CHD.N) raised its annual sales and profit forecasts on Friday, betting on higher prices and steady demand for its household and personal care products including liquid detergents and mouthwash. However, investors have now started flagging their concerns about higher prices to consumer good companies as it can put them at a potential risk of losing customers. The consumer products firm's overall average selling prices increased 5.8%, while its volumes decreased slightly during the quarter ended June 30. Church & Dwight now expects full-year adjusted profit to increase by 6%, compared with its earlier forecast of growth of 2% to 4%. The company sees full-year reported net sales growing by 8%, compared with its previous forecast of a 6% to 7% increase.

Persons: CHD.N, & Dwight, Granth, Maju Samuel Organizations: & Dwight, Unilever, &, Thomson Locations: Bengaluru

☆ Big central banks hike again with end in sight
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +5 min

To date, nine developed economies have raised rates by a combined 3,840 basis points (bps) in this cycle. Expectations for a big rate increase have eased after latest data showed inflation fell to a softer-than-expected 7.9% in June. Markets think there's a 50% chance of a 25 bps increase in September, and an equal chance of a hold. Reuters Graphics10) JAPANThe Bank of Japan, the world's most dovish major central bank, concludes a two-day meeting on Friday. The central bank is leaning towards keeping the dial set to dovish, Reuters reported last week.

Persons: Jerome Powell, BoE, Philip Lowe's, Michele Bullock, Riksbank, Kazuo Ueda, Nell Mackenzie, Alun John, Naomi Rovnick, Harry Robertson, Chiara Elisei, Vincent Flasseur, Sumanta Sen, Pasit, Sharon Singleton Organizations: UNITED, Federal Reserve, ZEALAND, Reserve Bank of New, Reuters, BRITAIN, Bank of England, Bank of Canada, BoC, European Central Bank, Norges Bank, bps, Swiss National Bank, Markets, Bank of Japan, Thomson Locations: Japan, Reserve Bank of New Zealand, AUSTRALIA, NORWAY, Norway, SWEDEN, SWITZERLAND, JAPAN

☆ This CEO left an exec job at Airbnb to start her own baby formula company—in 2022, it brought in $84 million
▼ + stars: | 2023-07-26 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

Laura Modi wasn't looking for a reason to quit her job as she walked the aisles of her local pharmacy at 3 a.m. — she just wanted to find something to calm her crying newborn. Instead, hidden between a rack of magazines and discounted bottles of sunscreen, she found a multi-million dollar business idea: organic baby formula. It was 2016, and Modi had given birth to her daughter just five days earlier. In 2017, when Modi's daughter turned one, she decided to quit her job as Airbnb's head of hospitality and set out to create a baby formula with cleaner ingredients. In 2022, Bobbie's revenue topped $84 million, despite last year's nationwide shortage of baby formula, which was triggered by supply chain issues and the discovery of the life-threatening pathogen cronobacter in powdered formulas.

Persons: Laura Modi wasn't, Modi, wasn't, What's, Modi's, Bobbie, that's Locations: —, San Francisco, U.S

☆ Unilever quarterly sales beat estimates, boost shares
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Dado Ruvic/Illustration/File PhotoSummaryCompanies Underlying sales, price, volume growth beat forecastsPast peak cost inflation -finance chiefFocus is on volume growth -finance chiefShares jump 5%LONDON, July 25 (Reuters) - Unilever (ULVR.L) on Tuesday beat underlying sales growth forecasts after again raising prices to offset higher costs, boosting shares in the maker of Dove soap and Ben & Jerry's ice cream. The British company reported a 7.9% rise in underlying second-quarter sales, beating analysts' average forecast of 6.4%, a company-provided consensus showed. The company said it expects underlying sales growth for the full year to be above 5%, ahead of its multi-year range, with underlying price growth continuing to moderate through the year. Unilever said the percentage of its "business winning market share" had reduced to 41%. The metric assesses what percentage of the company's revenue is coming from areas in which it is gaining market share on a rolling 12-month basis.

Persons: Dado Ruvic, Hein Schumacher, Alan Jope, Jochen Kurz, Alan, Kurz, Graeme Pitkethly, Janus Henderson, Bernstein, Bruno Monteyne, Hein Schumacher’s, Richa Naidu, Jason Neely Organizations: REUTERS, Unilever, British, Kurz, Rivals, Nestle, Thomson Locations: Russia, Ukraine

☆ Unilever Says Inflation Has Peaked as Sales Growth Rises
▼ + stars: | 2023-07-25 | by ( Saabira Chaudhuri | Joe Hoppe | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/dove-maker-unilever-still-raising-prices-as-volumes-slip-e79d7f21

Persons: Dow Jones Organizations: unilever

☆ The world’s biggest ice cream company says heat waves may not help sales
▼ + stars: | 2023-07-25 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Can it ever be too hot for ice cream? “When it gets too hot, people move away from ice cream and buy a cold drink instead,” he said. The consumer goods giant commands a fifth of global ice cream sales, according to Euromonitor. The company’s overall ice cream sales grew 5.7% in the first half of the year in value terms, compared with the same period in 2022. Price rises across Unilever’s products helped push up its sales by 9.1% in the first half, even though volumes fell marginally.

Persons: Cornetto, ”, Graeme Pitkethly, Jerry’s, Carte d’Or, Hein Schumacher, Schumacher —, FrieslandCampina — Organizations: London CNN, Unilever, UL, Health Locations: Europe, Spain, Italy, Greece, Ukraine

Moscow's actions highlight the vulnerability of other consumer products companies that still have operations in Russia, some of which have announced plans to leave. "The second option is to sell the business, but the reality is, we have not found a viable solution that meets our stated objectives." The company, which owns the Knorr soup and Dove soap brands, employs over 3,000 people in Russia. In March 2022 Unilever became the first major European food company to stop imports into and exports out of Russia after the country's invasion of Ukraine. Former CEO Alan Jope said at the time "volumes in our Russian business are down significantly, by double digits".

Persons: Hein Schumacher, Schumacher, Knorr, Alan Jope, Richa Naidu, Jason Neely Organizations: Unilever, Danone, Carlsberg, Thomson Locations: Russia, Russian, Ukraine

☆ HGTV's Galey Alix wants to be a star. Will the spotlight crush her — or set her free?
▼ + stars: | 2023-07-25 | by ( Anna Peele | ) www.businessinsider.com time to read: +19 min

Alix is the creator and star of the HGTV show "Home in a Heartbeat With Galey Alix," which premiered in April and streams on Max. Galey Alix Gravenstein comes from a family of overachievers. Alix got to work with Jay Delgado, remaking Calloway's blank white box into a Galey Alix take on a rich person's beach house. In April 2021, Parker, who had no renovation experience, offered to help Alix with an install. He and Lauren Parker insist Alix is OK because she's able to ask people like them for help without fear.

Persons: Galey Alix, Nancy Meyers, Dale Moss, Alix, semiprivate, fiancé, Goldman Sachs, Joanna Gaines, Drew Scott, Alix gravitates, Jay Delgado, PJ Fetscher, Instagram, she's, she'll, Sonya Revell, —, It's, Goldman, I'm, Galey Alix Gravenstein, she'd, Alix didn't, Alix's fiancé, Carrie Calloway, who'd, Mac, Calloway, I'd, Lauren Parker, Parker, Delgado, Fetscher, Kay Marryshow, she's fallible, Phil, Alix's Instagram, it's, She's, Moss, of Moss, he's, Rebecca Zisser, Crystal, Anna Ruiz, Agency Gerard, Ester Gattuso, Susana Betancourt Organizations: grays, Goods, Fort, HGTV, Goldman, Target, University of Florida, Home Depot, Parker, Netflix, Crystal Cox, Agency, Agency Gerard Artists Locations: Italian, Fort Lauderdale, Max, Florida, overachievers, New York, Connecticut, fiancé's Connecticut, Westport , Connecticut, Target, Instagram, Australia, London, India , Puerto Rico, Wyoming, Orlando, peeking

The euro slipped 0.25% against the dollar, government bond yields across the bloc edged lower while European stock markets dipped, with Spain's benchmark index down 0.65% in a clear underperformance. Meanwhile, U.S. stock futures , rose 0.2% and 0.3%, respectively, pointing to a positive open for Wall Street. With the Federal Reserve, European Central Bank and Bank of Japan meeting this week, a note of caution underpinned the mood across global markets. The benchmarks continued their fourth straight of week of gains last week, as supply is expected to tighten following OPEC+ cuts. HOST OF EARNINGSOn top of central bank meetings and economic data, investors also braced for a slew of earnings from both sides of the Atlantic.

Persons: Kai Pfaffenbach, Bruno Schneller, Schneller, Eddie Cheng, Allspring's Cheng, SPAIN UNDERPERFORMS, Fiona Cincotta, Nell Mackenzie, Dhara, Wayne Cole, Amanda Cooper, Peter Graff Organizations: REUTERS, Nasdaq, Fed, ECB London, Wall, Federal Reserve, European Central Bank and Bank of Japan, ECB, INVICO Asset Management, Bank of Japan, Japan's Nikkei, Allspring Global Investments, Brent, . West Texas, Intel, Microsoft, GE, Boeing, Exxon Mobil, Coca Cola, Ford, GM, U.S, Thomson Locations: Frankfurt, Germany, Spain, U.S, Spain's, Asia, Pacific, Japan, Ukraine, Russia, China, SPAIN, SPAIN UNDERPERFORMS Spain, Sunday's, Basque, Catalan, Coca, London, SYDNEY

☆ Dove owner Unilever says it will permit conscription of its Russia employees
▼ + stars: | 2023-07-24 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Consumer goods giant Unilever has confirmed it will comply with legislation that could see its employees in Russia conscripted into the war in Ukraine. It has around 3,000 employees in Russia, working across four manufacturing sites and one head office. Ecclissato said in the letter that Unilever has faced three options for its Russia operations. One was closing all Russia operations, after which he said Unilever's business and brands in the country would be "appropriated — and then operated — by the Russian state." The third, which Unilever has adopted, was continuing to run the business with constraints that have been in place since March.

Persons: Reginaldo Ecclissato, Jerry's, Knorr, Ecclissato, — Organizations: Trinity Cathedral, Consumer, Unilever, BBC, Sunday, Business Operations, CNBC, Ben Locations: Saint Petersburg, Russia, Ukraine, Russian

DES MOINES — Former Fox News host Tucker Carlson sparred with former Vice President Mike Pence over the war in Ukraine here Friday at the Family Leadership Summit. The two argued over whether Ukrainian President Volodymyr Zelenskyy’s government was respecting religious liberty. While on Fox News, Carlson was frequently critical of Ukraine and U.S. support for the country in the war with Russia. Tucker Carlson and Former Vice President Mike Pence speak at the Family Leadership Summit. “I’m really never surprised by Tucker Carlson,” he replied.

Persons: Tucker Carlson sparred, Mike Pence, Pence, Tucker, ”, Carlson, Jan, “ I’ve, ” Pence, Volodymyr Zelenskyy’s, “, Zelenskyy, Tucker Carlson, Scott Olson, Donald Trump, Ron DeSantis —, “ I’m, Joe Biden Organizations: MOINES, Former Fox News, Family Leadership, Capitol, Ukrainian, Fox News, Ukraine, Florida Gov, Carlton Locations: Ukraine, U.S, Russia, United States, America, Ukrainian

He said in the statement released by the St. Louis Fed that the regional bank "is well-positioned for ongoing success and impact." The St. Louis Fed said Kathleen O'Neill Paese, the regional bank's first vice president and chief operating officer, will act as interim president. The regional bank said its search committee will look nationally for a new leader, noting that its search will be "robust, transparent, fair and inclusive." While they operate under the oversight of the Board of Governors in Washington, regional Fed banks are quasi-private institutions technically owned by member banks. With Bullard's exit, there will be two unfilled regional Fed bank slots.

Persons: James Bullard, Bullard, Louis Fed, Mitchell, Daniels, Jr, doesn't, Tim Duy, Duy, Derek Tang, LH Meyers, Wrightson ICAP, Kathleen Bostjancic, Kathleen O'Neill Paese, Louis Fed's, Esther George, Michael S, Ann Saphir, Chizu Nomiyama, Paul Simao Organizations: Louis Federal Reserve, U.S, Purdue, St, School of Business, Federal, Macro, Fed, Purdue University, Minneapolis Fed, Nationwide, Brookings Institution, Governors, Kansas City Fed, Derby, Thomson Locations: Indiana, St, Washington

☆ Heineken, Unilever and Oreo maker Mondelez accused of breaking promises to leave Russia
▼ + stars: | 2023-07-10 | by ( Matt Egan | ) edition.cnn.com time to read: +9 min

It’s shameful and unethical.”Sonnenfeld, who has testified before Congress about companies leaving Russia, is not accusing these corporations of breaking the law. ‘Implied endorsement of the Putin regime’The “poster child” for this problem is the popular Dutch brewing giant Heineken, Sonnenfeld said. In March 2022, just one month after the invasion of Ukraine, Heineken won praise for promising to leave Russia. “We expect a significant financial loss to the Heineken company. The Yale research said Mondelez shows “no tangible signs of progress towards exiting” and continues to do business in Russia.

Persons: Vladimir Putin, Jeff Sonnenfeld, Philip Morris, ” Sonnenfeld, “, ”, ‘, Putin, Sonnenfeld, Steven Tian, ExxonMobil –, ” Heineken, ” Mondelez, Mondelez, That’s, Lipton, Mark Dixon, Nestle, Kit Kat, Purina, Sbarro, Carl’s Jr, Carl’s, Yale, Tim Calkins, Calkins Organizations: New York CNN Business, Yale, Heineken, Unilever, CNN, ”, Institute . Yale, BP, ExxonMobil, Nabisco, Kyiv School of Economics, Agency, Nestle, WeWork, Mondelez, McDonald’s, Starbucks, Restaurants Holdings, CKE, Northwestern University’s Kellogg School of Management Locations: Russia, Ukraine, Moscow, Russian, ”, American, South Africa

☆ After hating on Taylor Swift for years, I've now spent $8,000 on her Eras Tour. I finally understand the hype.
▼ + stars: | 2023-07-06 | by ( Chris Weller | ) www.businessinsider.com time to read: +8 min

Erin Wickham, 34, says she found Taylor Swift "annoying" for most of her twenties. I always knew Swift as this pop-bubblegum artist, so I didn't expect muchThe process of getting converted from Taylor Swift antagonist to full-on superfan happened faster than I expected. Swift's music spoke to me on an emotional level I wasn't expectingI had a difficult 2022. I was crazy for Taylor Swift, but I wasn't going to shell out that kind of money. Taylor Swift's music makes me feel less aloneI imagine this sense of connection is why people have followed groups like the Grateful Dead and Phish around for so many years.

Persons: Erin Wickham, Taylor Swift, Wickham, She's, —, It's, I'd, I'm, Swift, Taylor, TikTok, Marjorie, begrudgingly, I've, what's, Taylor Swift's Organizations: Swift, Service, New, MetLife, Pittsburgh, Amtrak Locations: TikTok, New Jersey, Pittsburgh, merch

☆ A wedding dress restorer displays more than 150 years of history
▼ + stars: | 2023-07-02 | by ( Aj Willingham | ) edition.cnn.com time to read: +5 min

Tierney is a professional dressmaker and textile restorer, and had gathered 12 of her clients to model wedding dresses sewed or restored by Tierney’s own hand. It was also a celebration of tradition, family and more than 150 years of wedding dress history. The threads of historyTierney has been restoring wedding gowns and creating her own custom work for 18 years. People loved my costumes so much they asked me to start making some for them.”A lifelong seamstress, Tierney delved into the research and artistry of historic wedding gown and lace restoration. There is a lot of trust involved.”That may mean taking the entire thing apart and repairing it piece by piece, like Tierney did with one wedding gown dating back to 1894.

Persons: Karen Tierney, Tierney, Tierney’s, Lord Byron, Jane Austen –, George Pardee, ” Tierney, “, ”, –, she’s, taffeta Organizations: CNN, California Gov, Adobe, Stanford University, Oakland Locations: Oakland , California, California, Maine, Montana, Oregon, Southern California, Ireland, San Francisco

☆ A $7 billion startup wanted to build patient-friendly healthcare. Its bet on buzzy weight-loss drugs is testing that vision.
▼ + stars: | 2023-06-29 | by ( Blake Dodge | Rebecca Torrence | ) www.businessinsider.com time to read: +12 min

Patient complaints go beyond the Wegovy shortageKaitlyn's complaints echo an array of issues faced by other Ro patients seeking weight-loss drugs. The patients Insider interviewed asked to be identified by their first names to protect their privacy. In this chat log, a Ro weight-loss patient sends messages to the startup asking to cancel the program. Reitano told Insider that around 90% of Ro patients got a response within 24 hours. "Until these DTC companies generally start getting into the muck of healthcare, they're not going to have a material impact," Parker told Insider.

Persons: Ro, Zachariah Reitano, Reitano, Li Ran, Robyn Phelps, Kaitlyn, She'd, didn't, she's, couldn't, Max Kerwick, drugstores, Max, Ro's, aren't, hasn't, Florian Gaertner, it's, TJ Parker, they're, Parker Organizations: New York, Getty, Better Business Bureau, Nordisk, Better Business, CareMetx, Ro, TechCrunch Locations: Xinhua, New York, New York City

☆ Take a look inside the factory fueling candy giant Mars' $1 billion ice cream ambitions
▼ + stars: | 2023-06-25 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

Mars has also been expanding its portfolio, rolling out new flavors such as M&M's Cookies and Cream Ice Cream Cookie Sandwiches and Twix Cookie Dough Ice Cream. Mars' ice cream goals hinge on the old and the newMars entered the ice cream category in 1986 when it bought Dove, then known just for its ice cream bars before the candy company expanded it into chocolate. "We don't have the biggest ice cream brands, but we do believe we have the biggest brands in ice cream," Shaf Lalani, the U.S. head of Mars Ice Cream, told CNBC. "Mars Inc. ice cream brands face hefty competition, being ranks away from the leading spot in the U.S. ice cream market," said Carl Quash, Euromonitor's head of food and nutrition research. Twix Ice Cream is the fastest-growing product in the company's ice cream portfolio.

Persons: Mars, Anton Vincent, hasn't, General Mills, Bell, Carl, Lalani, — Organizations: Mars, Kind, Kind North America, National Football League, Cream, CNBC, U.S, Euromonitor, Haagen, Unilever, Mars Inc, Tru Locations: Burr Ridge , Illinois, Mars Wrigley North America, U.S, , Illinois, Kind North

☆ James Cameron interview: Director and deep-sea explorer says he figured Monday the Titan submersible imploded
▼ + stars: | 2023-06-23 | by ( Aya Elamroussi | ) edition.cnn.com time to read: +3 min

CNN —Filmmaker and deep-sea explorer James Cameron says he figured soon after learning that a Titanic-bound submersible was missing that it had imploded and its occupants were dead – days before officials announced that very outcome. The submersible was carrying five people when it dove Sunday toward the Titanic wreckage in the North Atlantic. It lost contact with its mother ship an hour and 45 minutes into the journey, sparking a dayslong search. Cameron was “hoping against hope” that his conclusion was wrong, “knowing in my bones that I wasn’t (wrong),” he said Thursday. … These are serious people with serious curiosity willing to put serious money down to go to these interesting places – and I don’t want to discourage that.”

Persons: James Cameron, Cameron, CNN’s Anderson Cooper, ” Cameron, “ Anderson Cooper, “, ”, Cameron –, Mariana Trench, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet –, I’m, “ I’m Organizations: CNN, US Navy, Navy, Stockton Rush Locations: North

☆ It would be too risky to try to recover the remains of those lost in the Titan sub implosion, underwater ROV expert says
▼ + stars: | 2023-06-23 | by ( Sonam Sheth | Matthew Loh | ) www.businessinsider.com time to read: +4 min

It's likely too risky to try recovering the remains of Titan's passengers, an ROV expert said. The search for the sub near the Titanic has already cost millions; recovery would cost even more. The five passengers on the Titan sub were British billionaire Hamish Harding, French submersible pilot Paul-Henri Nargeolet, British businessman Shahzada Dawood and his son Suleman, and the CEO of OceanGate Expeditions Stockton Rush. The Titan submersible had made three previous trips down to the wreckage. But shortly after the vessel vanished Sunday, key questions began emerging about the design and operation of the Titan.

Persons: It's, —, Dr, Brendan Englot, Englot, OceanGate didn't, Hamish Harding, Paul, Henri Nargeolet, Shahzada Dawood, Suleman, Rush, Aileen Maria Marty, James Cameron Organizations: Service, Stevens Institute for Artificial Intelligence, OceanGate Expeditions Stockton Rush, US Coast Guard, Titan, Florida International University, CNN, ABC Locations: French, British

☆ Take Five: The only way is up
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +6 min

June 23 (Reuters) - It's been a turbulent week or two for markets, with one central bank after another making it very clear the only way for rates right now is up as inflation tightens its grip on the global economy. Bad news could be taken as a positive, if traders see it as a way of pushing authorities to offer more support to the economy - as long as it eventually arrives. Make your way to the foothills of Portugal's Sintra mountains from Monday through Wednesday. The agenda is, of course, inflation, inflation, inflation. Many expect initial attempts to talk the currency higher - "jawboning", in central bank jargon - before considering whether direct intervention is needed.

Persons: It's, Yoruk, Lewis Krauskopf, Naomi Rovnick, Amanda Cooper, it's, Big Tech's, CHRISTINE, Christine Lagarde, Yannis Stournaras, Jan Harvey Organizations: Investors, Federal, Credit Suisse, Big Tech, Federal Reserve, European Central Bank, Traders, ECB, Reuters Graphics Reuters, Analysts, Thomson Locations: Portugal, Rae Wee, Singapore, Amsterdam, New York, London, U.S, Beijing, China, Portugal's Sintra, SWEDEN, Swedish

CNN —James Cameron, who directed the hit 1997 film “Titanic” and has himself made 33 dives to the wreckage, offered his thoughts Thursday after it was announced that a missing Titanic-bound submersible suffered a “catastrophic implosion,” killing all five people on board. Cameron added he thinks “we’re also seeing a parallel here with unheeded warnings about a sub that was not certified.”A desperate search and rescue mission had been underway since the submersible went missing Sunday. “These men were true explorers who shared a distinct spirit of adventure, and a deep passion for exploring and protecting the world’s oceans. Speaking of his deep-sea dives to the site of the Titanic, Cameron told Cooper, “You feel the presence of the tragedy and I think that’s the lure. In 2012, he talked to the New York Times about the dangers of deep sea exploration.

Persons: James Cameron, ” Cameron, CNN’s Andersoon Cooper, Cameron, “ we’re, ”, John Mauger, Stockton, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, Rush’s, Wendy Rush, Isidor Straus, Ida, Mariana Trench, Cooper, “, ” “, “ It’s Organizations: CNN, US, Guard, Titan, Stockton Rush, New York Times, AAA

But some experts had worried about its safety, with a former employee and members of a trade group both expressing concerns about the design of the Titan vessel during its development. Lochridge countersued in August 2018, denying that and claiming that OceanGate's lawsuit was an effort to discourage "whistleblowers from coming forth with quality control issues and safety concerns that threaten the safety of innocent passengers." In the letter, Kohnen expressed what he said were widespread concerns about the Titan sub. Kohnen asked the MTS board in 2018 to officially send the letter on behalf of the entire society to Stockton. Stockton was sent a draft of the letter and discussed its contents in a 2018 phone call with Kohnen, in which the men "agreed to disagree" about the safety concerns raised, Kohnen said.

Persons: David Lochridge, OceanGate, Lochridge, Lochridge countersued, Will Kohnen, Kohnen, Stockton, Daniel Trotta, Brad Brooks, Rollo Ross, Donna Bryson, Rosalba O'Brien Organizations: OceanGate, Lochridge, Marine Technology, Stockton Rush, Reuters, MTS, DNV GL, DNV, Thomson Locations: Everett , Washington, Stockton

☆ Here are Wednesday's biggest analyst calls: Nike, Tesla, Amazon, Apple, Adobe, Uber, Micron and more
▼ + stars: | 2023-06-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs upgrades Petrobras to buy from neutral Goldman Sachs said the Brazilian petroleum company has an attractive valuation. "As such, we believe the potential for sustained upside to Street OI estimates ahead will be a key catalyst for shares." Citi initiates Everest as buy Citi initiated coverage of the insurance company and said it's "capitalizing on the most favorable reinsurance underwriting environment in decades." Goldman Sachs reiterates Nike as buy Goldman Sachs said it's standing by its buy rating heading into Nike earnings next week. Goldman Sachs reiterates Micron as buy Goldman said it's standing by its buy rating on the stock heading into earnings next week.

Persons: Barclays downgrades Tesla, Goldman Sachs, Wolfe, it's bullish, TD Cowen, Ralph Lauren, it's, Cowen, Jefferies, OneSpaWorld, Oppenheimer, Uber, Bud, JPMorgan, Tyler, Goldman, Bernstein, Oracle, Needham, Christine McCarthy, Snowflake, Shopify, Morgan Stanley, Dell, Yvonne McGill, Apple Organizations: Street, Barclays, LT, Petrobras, Spotify, BMO, Adobe, Citi, Bank of America, FedEx, Nike, IAC, Amazon, Molson Coors Citi, TAP, Tyler Technologies, Micron, Oracle, — Oracle, Windows, Disney, DIS, Carnival, TAM, Deutsche Bank, Dell, IR, Apple Locations: OW, 2H23, Nike's

Search resuls for: "Dove"

25 mentions found