DIRS.INFO The most relevant business & tech news

☆ AMD delivers a Q4 beat amid industry headwinds, validating the Club investment case
▼ + stars: | 2023-01-31 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

But the deal was ultimately necessary for AMD, as it helped it expand its data center business, boost margins, and further diversify away from PCs. Bottom line Despite facing industry-wide headwinds, including a chip glut and soft PC demand, AMD managed to outperform low expectations. Q4 segment results Data center revenues increased 42% but were a little softer than what analysts had forecasted. Sequentially, embedded revenues are expected to increase, providing some upside, while gaming and PC revenues are expected to decline, consistent with seasonality. No specific financial guidance was provided for the full year of 2023, but management expects the data center and embedded segments to grow year-over-year.

☆ Dollar cautiously firm ahead of busy central bank week
▼ + stars: | 2023-01-30 | by ( Rae Wee | ) www.reuters.com time to read: +2 min

SINGAPORE, Jan 30 (Reuters) - The dollar firmed on Monday and distanced itself from an eight-month trough ahead of a slew of central bank meetings this week, including the Federal Reserve's, with traders keenly focused on guidance for the path of interest rate rises. The U.S. dollar index , which measures the greenback against a basket of currencies, rose 0.03% to 101.92, edging away from last week's eight-month low of 101.50. Moves were subdued ahead of policy meetings from the Fed, the European Central Bank (ECB) and the Bank of England (BoE) later this week. "We will range trade a little bit as the market tries to assess how the central banks behave .... Elsewhere, the Aussie rose 0.11% to $0.71175, while the Japanese yen slipped marginally to 129.94 per dollar.

☆ Private equity giants are still racing to fill 2024 associate seats. See 8 firms — from Carlyle to Bain Capital — that have been recruiting first-year investment bankers for jobs that won't start for
▼ + stars: | 2023-01-30 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +9 min

Last year's on-cycle recruiting kicked off earlier than ever, and many junior bankers weren't ready. In an effort to win the war for talent that was raging last year, private equity firms pushed their recruiting efforts earlier than in ever— to late summer. To be sure, not all private equity firms kicked off on-cycle recruiting in August. It usually involves an intense week-long period (although sometimes shorter or longer) where private equity firms rush in to snag the top talent. The bottom line shows the month and year analysts started their roles, and the yellow line indicated when on-cycle recruiting began that season.

☆ The Oscars snubs of 'The Woman King' and 'Till' shows why #OscarsSoWhite is still trending in Hollywood
▼ + stars: | 2023-01-25 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +7 min

"The Woman King" and "Till" got zero nominations for this year's Academy Awards. The snubs show Hollywood still undervalues Black creatives, especially Black women. The film led box-office charts when it debuted in September, and had some in Hollywood expecting the movie to nab spots for best picture, best director, or best actress. And this is the second year in a row in which no Black woman was nominated for the best actress trophy. For critics, the snubs of "The Woman King" and "Till" are proof that the Academy still doesn't give Black talent, particularly Black women, a fair chance to be recognized.

☆ The private equity industry is racing to fill 2024 associate roles after last year's hyper competitive hiring tactics backfired
▼ + stars: | 2023-01-25 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +9 min

☆ Dollar stuck near nine-month low vs euro as yen bounces
▼ + stars: | 2023-01-24 | by ( Amanda Cooper | ) www.reuters.com time to read: +3 min

LONDON, Jan 24 (Reuters) - The dollar hovered near a nine-month low against the euro and surrendered recent gains against the yen on Tuesday, as traders weighed the risks of a U.S. recession against the outlook for Federal Reserve monetary policy. Euro zone data on Tuesday reinforced the view that the economy is surviving a winter of intense price pressures reasonably well, analysts said. "That's integral to our bearish U.S. dollar view, that the U.S. is not going to be the global growth leader." Elsewhere, the dollar fell 0.4% to 130.18 yen , breaking a two-day rally. Last week, the dollar fell as low as 127.215 yen, its weakest since May, before a Bank of Japan policy review as investors bet the BOJ would begin to end its stimulus programme.

☆ Australian Dec business conditions moderate, cost pressures ease - survey
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +3 min

SYDNEY, Jan 24 (Reuters) - Australian businesses conditions moderated for a third straight month in December, while price pressures began to ease, pointing to a likely peak in inflation, according to a business survey issued on Tuesday. The survey from National Australia Bank Ltd (NAB) (NAB.AX) showed its index of business conditions had fallen 8 points to +12 in December, although it remained still well above its long-run average. The survey showed inflation easing across the board. The RBA's board will consider whether to raise its policy interest rate for a ninth time at its next meeting. That will still be below the forecast from the RBA for a peak inflation rate of around 8%.

☆ It's a terrible time to be a sneaker reseller
▼ + stars: | 2023-01-24 | by ( Lois Sakany | ) www.businessinsider.com time to read: +8 min

Adidas' messy breakup with Ye is the latest in a series of complications for sneaker resellers. Sneaker resellers have felt the effects of the end of the stimulus check and the rise of inflation. Sneaker resellers saw a bot crackdownWhile not as lucrative as Nike in the aftermarket, it was easier to buy Yeezys in bulk on Yeezy Supply using bots. The loss of Yeezy sales then combined with Nike's crackdown on bots. I'm working to expand my team to accommodate the online customer, walk-in customer, and sneaker customer," Falcon said.

The euro reached as high as $1.0927 , breaking the recent peak of $1.08875, to trade at its highest level since April last year. The single currency was aided by European Central Bank (ECB) governing council members Klaas Knot and Peter Kazimir, who both advocated for two more 50 basis point hikes at meetings in February and March. A Reuters survey of analysts also favoured hikes of 50 basis points at the next two meetings and an eventual rate peak of 3.25%, from the current rate of 2%. Investors also have around 50 basis points of U.S. rate cuts priced in for the second half of the year, reflecting softer data on inflation, consumer spending and housing. The pound rose as high as $1.24475 , its highest in seven months, before turning 0.3% lower to $1.2355.

The euro reached as high as $1.0927 , breaking the recent peak of $1.08875, to trade at its highest level since April last year. It was aided by European Central Bank (ECB) governing council member Klaas Knot, who said interest rates would rise by 50 basis points in both February and March and continue climbing in the months after. A Reuters survey of analysts also favoured a hike of 50 basis points in March and an eventual top of 3.25% from the current rate of 2%. "Layered on top of that, it looks as if the ECB are going to carry on hiking interest rates fairly aggressively," Foley added. Investors also have around 50 basis points of U.S. rate cuts priced in for the second half of the year, reflecting softer data on inflation, consumer spending and housing.

☆ Euro clears 9-month peak as ECB hawks let fly
▼ + stars: | 2023-01-23 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

The euro reached as far as $1.0903 , breaking the recent peak of $1.08875 and opening the way to a spike top from last April at $1.0936. It was aided by European Central Bank (ECB) governing council member Klaas Knot, who said interest rates would rise by 50 basis points in both February and March and continue climbing in the months after. A Reuters survey of analysts also favoured a hike of 50 basis points in March and an eventual top of 3.25%. Investors also have around 50 basis points of U.S. rate cuts priced in for the second half of the year, reflecting softer data on inflation, consumer spending and housing. read moreAny hint the replacement is less dovish than current governor Haruhiko Kuroda could see the yen climb anew.

☆ Euro nears nine-month peak as ECB hawks let fly
▼ + stars: | 2023-01-23 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

The euro crept ahead to $1.0870 and nearer its recent nine-month peak of $1.08875. It was aided by European Central Bank (ECB) governing council member Klaas Knot, who said interest rates would rise by 50 basis points in both February and March and continue climbing in the months after. Much the same argument goes for sterling, with markets wagering the Bank of England will hike by half a point to 4.0% at its policy meeting next week. Analysts assume the BOJ will stand the line until at least the next policy meeting in March, though one hurdle will be the expected naming of a new BOJ governor in February. For now, the dollar was holding at 129.40 yen , following last week's wild gyrations between 127.22 and 131.58.

The Sundance Film Festival has long been known for premiering some of the most original — and ultimately the most award-winning — indie titles of the year. As the most notable international film festivals increasingly feature queer titles in their lineups, it’s no surprise that much of the exciting content premiering at this year’s Sundance Film Festival comes from LGBTQ filmmakers or features queer themes. The Premieres sectionAs usual, many of the year’s most high-profile films, including those from queer creators and featuring queer storylines, are coming out of the festival’s Premieres section. Courtesy of Sundance InstituteEnglert’s film will screen in the world cinema dramatic section alongside queer films “Girl,” from U.K. filmmaker Adura Onashile, and “Mamacruz,” from Spanish director Patricia Ortega. The list of LGBTQ creators and titles doesn’t end there, making this perhaps the most significant Sundance Film Festival for queer cinema yet.

☆ Yen tests seven-month high ahead of BOJ policy decision; dollar wobbles
▼ + stars: | 2023-01-16 | by ( Rae Wee | ) www.reuters.com time to read: +2 min

SINGAPORE, Jan 16 (Reuters) - The Japanese yen held near an over seven-month peak on Monday, as traders, in the lead up to the Bank of Japan's monetary policy decision this week, ramped up bets that the central bank could make further tweaks to its yield control policy. The yen was last 0.1% lower at 128.01 per dollar, having surged to 127.46 per dollar on Friday, its highest since May last year. Markets have been pressing for the BOJ to shift away from its ultra-easy monetary policy, which on Friday caused the yield on Japan's benchmark 10-year government bonds to breach the central bank's new ceiling. With the BOJ due to announce its monetary policy decision on Wednesday, expectations are for further tweaks to its yield control policy or a full abandonment of it. Against a basket of currencies, the U.S. dollar index fell 0.13% to 102.13, languishing near Friday's seven-month low of 101.97.

☆ Yen jumps on hopes of BOJ policy shift; dollar slides to seven-month low
▼ + stars: | 2023-01-16 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Similarly, the euro hit a fresh nine-month top of $1.0874, and was last 0.23% higher at $1.08565. "The confirmation of a deceleration in price pressures is building up hopes that CPI could fall further in coming months," said analysts at OCBC. The yen jumped roughly 0.5% to a high of 127.215 per dollar, and last bought 127.67 per dollar. Elsewhere, the British pound was last 0.23% higher at $1.2262, after earlier hitting a one-month peak of $1.2288. The kiwi rose 0.34% to $0.64065, having also touched a one-month top of $0.64255 earlier in the session.

☆ Deer Hunting Violation Leads to Legal Skirmish Between Oklahoma, Native Tribes
▼ + stars: | 2023-01-14 | by ( Adolfo Flores | ) www.wsj.com time to read: 1 min

Jimmy Ward, a member of the Osage Nation, was ticketed for shooting at a decoy white-tailed deer out of season. What started as a simple hunting violation turned into an ordeal that thrust Jimmy Ward into the middle of a legal battle between the state of Oklahoma and Native Americans. Mr. Ward, a member of the Osage Nation, was caught shooting at a decoy white-tailed deer set out by game officials to nab out-of-season hunters in November 2021. He managed to get four misdemeanor hunting violation charges against him in Carter County District Court dismissed by citing a landmark 2020 Supreme Court ruling that gave criminal jurisdiction for crimes committed by Native Americans on reservations to the federal or tribal governments.

☆ In 2023, cash is king for tech execs
▼ + stars: | 2023-01-13 | by ( Asia Martin | ) www.businessinsider.com time to read: +3 min

Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Now, insiders say they expect tech companies to issue more stock and cash incentives to keep their c-suite intact too. In 2023, insiders say tech companies will be looking to structure long-term deals with payouts for longevity as a way to induce exec loyalty. Tech companies doled out additional shares to shore up employees whose stock lost its value last year, so much so that investors worried about future returns. Deepali Vyas, a top headhunter at Korn Ferry, told Insider there's going to be a recalibration of exec cash compensation downward to a level that reflects where valuations are today.

☆ Hawkish Fed rhetoric fails to lift dollar; Aussie jumps
▼ + stars: | 2023-01-05 | by ( Rae Wee | ) www.reuters.com time to read: +2 min

Yet, that failed to give a boost to the U.S. currency, which slid 1.4% against the Canadian dollar overnight. Sterling was last steady at $1.2062, after rising 0.76% against the dollar in the previous session, while the euro edged 0.19% higher to $1.0624, following a more than 0.5% overnight gain. Against a basket of currencies, the U.S. dollar index fell 0.14% to 104.06, after slipping 0.5% on Wednesday. The Aussie was last steady at $0.6835, while the kiwi rose 0.11% to $0.6298, after gaining 0.7% in the previous session. "The Aussie dollar has obviously benefitted from the coal story," said NAB's Attrill, adding that most other commodity currencies were supported.

☆ German inflation surprise hits brakes on dollar's slide
▼ + stars: | 2023-01-04 | by ( Tom Westbrook | ) www.reuters.com time to read: +2 min

SINGAPORE, Jan 4 (Reuters) - The euro nursed losses on Wednesday and has helped the dollar to make a strong start to 2023, after a surprise slowdown in German inflation rallied bunds and sent the common currency sliding. The euro fell 1% overnight, its sharpest drop in more than two months, and it hovered near three-week lows at $1.0550 early in the Asia session. Along with a nervous mood as U.S. stocks fell, the move gave the dollar a broader boost and stopped a rising yen in its tracks. The jump tapped the brakes on a three-month slide for the index. Headline German CPI fell to an annual 8.6% in December, from 10% the previous month, against expectations for 9.1%.

It might not be a surprise that the three biggest financial institutions in the US are Bank of America, Chase, and Wells Fargo. Compare Bank of America and Chase and Wells Fargo Bank of AmericaChaseWells Fargo Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Editor's Rating 3.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Standout feature Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Bank of America Advantage Savings Account Chase Savings℠ Wells Fargo Kids Way2Save Savings Account APY 0.01% to 0.04% 0.01% effective as of 10/10/2022. Bank of America, Chase, and Wells Fargo are all FDIC insured.

☆ Check out the 16-slide pitch deck the sustainable-healthtech startup Cabinet Health used to nab $17 million in new funding
▼ + stars: | 2022-12-21 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

The sustainable-healthtech startup Cabinet Health just raised $17 million from Global Impact Fund. Check out the pitch deck Cabinet Health used to land its latest round of funding. Cabinet Health just raised millions of dollars in new capital for its mission to make medication refills more earth-friendly. Cabinet Health was founded in 2018 with the goal of eliminating single-use plastics from the pharmaceutical industry. Check out the 16-slide pitch deck Cabinet Health used to raise its most recent round of funding:

House bows are becoming a popular way for real-estate agents to add pizzazz to newly sold homes. House bows are often purchased by local realtors to celebrate closings or drum up interest in a property, and by particularly spendy gifters looking to surprise their family members or spouses with a new abode. King Size BowsSteven Rosenfield, the owner of Giant Bows in Old Lyme, Connecticut, has observed a similar bump in business. Hughes charges around $600 plus shipping for an average 6-foot, two-loop house bow. A King Size Bow used for decoration.

☆ Australian economy on edge as fixed-rate mortgage pain looms in 2023
▼ + stars: | 2022-12-20 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

The cost of paying your mortgage is literally going up for everyone by thousands of dollars," said the 31-year-old Lemon. Australia's big four banks - Commonwealth Bank of Australia (CBA.AX), Westpac (WBC.AX), National Australia Bank (NAB.AX) and ANZ (ANZ.AX) - account for 75% of the country's mortgage market. read moreThe RBA fears 15% of the borrowers on variable rates could see their cash flows turn negative, assuming that interest rates rise to 3.6% in line with market expectations. Buyers' agent Lloyd Edge says some cautious mortgage holders have been selling up before their fixed-rate loans expire. Hundreds of thousands of Australians took advantage of the ultra low rates during the COVID pandemic to enter one of the world's least affordable housing markets.

☆ Factbox: Australia's indebted households critical to soft landing hopes next year
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +3 min

Here are some statistics about Australia's indebted households, the strength of which would be critical to the Reserve Bank of Australia's central scenario that the economy is headed for a soft landing next year. They now face a jump in interest rates to 5-6% when their fixed-rate loans expire next year, up from 2-3% currently. More than 40% of the borrowers took out fixed-rate loans at the peak of the market last year, compared with 15% before COVID. A third of fixed-rate loans will expire in 2024 and beyond. REPAYMENTS JUMPIn its financial stability review published in October, the RBA expects almost 60% of borrowers with fixed-rate loans would face an increase in their minimum repayments of at least 40%.

☆ Asian markets mostly weaker as investors question China reopening
▼ + stars: | 2022-12-20 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +4 min

China is pushing on with easing restrictions after three years of COVID-19 lockdowns which is leaving to investors to question how financial markets will react to the reopening. "Once they do reopen, there will be positive sentiment and China will become a growth story for the world again." Australian shares (.AXJO) on Tuesday were down 0.72%, while Japan's Nikkei stock index (.N225) rose 0.34%. In Asian trading, the yield on benchmark 10-year Treasury notes rose to 3.5993% compared with its U.S. close of 3.583% on Monday. "The subsequent hawkish Fed policy update remains fresh in the minds of investors," NAB analyst wrote on Tuesday.

Search resuls for: "nab"

25 mentions found