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☆ College is still worth it, research finds — although these majors have the lowest rate of return
▼ + stars: | 2024-03-14 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

A recent study published in the American Educational Research Journal found that engineering and computer science majors provide the highest returns in lifetime earnings, followed by business, health and math and science majors. Education and humanities and arts majors had the lowest returns of the 10 fields of study considered. "However, there are significant differences across college majors." Overall, the researchers found that the benefits of higher education have held up, even as enrollment has declined and the labor market outcomes for those without a college degree have improved, Zhang said. For workers with a bachelor's degree, education was the lowest-earning field of study, followed by psychology and social work and the arts.

Persons: Liang Zhang, Zhang Organizations: Georgetown University Center, Education, Workforce, Federal Reserve Bank of New, American Educational Research, NYU Steinhardt School of Culture , Education, Human Development, Finance, Ivy League, Georgetown Center, Center Locations: Federal Reserve Bank of New York

☆ New York City has lost 100,000 apartments because people in rich neighborhoods keep combining units
▼ + stars: | 2023-10-24 | by ( Juliana Kaplan | Eliza Relman | ) www.businessinsider.com time to read: +4 min

New York City is facing down a housing shortage, all while some apartments disappear. Around 50,000 multi-family row houses have been consolidated to become one- or two-family homes. Combining apartments isn't necessarily a bad thing, but is concerning during a housing shortage. AdvertisementAdvertisementNew York City, famed for its residents stacked upon each other, is actually quietly losing density in some places — and you can blame people expanding their apartments. AdvertisementAdvertisementSome developers are aiming to ameliorate both the housing shortage and post-pandemic glut of office space in the city.

Persons: —, preservationist Adam Brodheim, I'm, Brodheim, Matthew Pietrus, Eric Adams Organizations: Service, New York Times, Big Apple, — Locations: York City, New York City, The City, New, New York, Manhattan

NEW YORK (AP) — Live from New York ... it’s the return of ‘Saturday Night Live’ after last season was cut short because of the writers strike. Former cast member Pete Davidson will host, making good on a plan to have him host last May. The comedian will be joined by first-time musical guest Ice Spice. The following week, Bad Bunny will pull double duty as host and musical guest. The writers strike was declared over Sept. 26 after Writers Guild of America board members approved a contract agreement with studios.

Persons: Pete Davidson, it'll, Chloe Troast, Davidson, Uzi, Jimmy Fallon ”, “ Jimmy Kimmel, John Oliver ”, Stephen Colbert ”, “, ’, James Austin Johnson, Donald Trump, Joe Biden, Alicia Rancilio, Mark Kennedy Organizations: NBC, Guild of America, Hollywood, SNL, Associated Press Locations: New York

☆ Bank of America says Europe's oil majors ‘are close to bottoming out' — and names its top pick ahead of earnings
▼ + stars: | 2023-07-24 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Bank of America believes Europe's oil majors are about to hit an inflection point. This trend reflects investor anticipation for a long-awaited turn in earnings momentum, according to analysts at Bank of America. It named Shell as its "Big Oil top pick." The below table shows European Big Oil companies, the earnings release dates, and Bank of America's 12-month price target and upside potential. Shell As its top pick, Bank of America expects Shell to report strong second-quarter earnings and cash flows.

Persons: Christopher Kuplent, Shell, BofA, TotalEnergies Organizations: of America, Big, Bank of America, Shell, Oil, Big Oil, Bank of America's, BP, outflows, TotalEnergies Bank of America Locations: London , New York, Amsterdam, London, New York, Paris, Norwegian, Oslo

July 20 (Reuters) - New York Governor Kathy Hochul on Thursday directed state departments to investigate health risks associated with old lead-clad cables left by telecommunication companies. The Wall Street Journal this month reported that telecom companies, including AT&T (T.N) and Verizon Communications (VZ.N), had left toxic lead cables on poles, underwater and buried under ground across the U.S. including in New York. The investigation is to better understand the inventory and ownership of such cables in New York, Hochul said. "AT&T’s commitment to addressing our members’ exposure to lead must go beyond point-in-time testing of blood lead levels and incorporate proper follow up," the union said. U.S. Representative Pat Ryan of New York on Thursday wrote to the CEOs of Verizon, AT&T and industry group U.S. Telecom, demanding that they remove lead cables.

Persons: Kathy Hochul, Hochul, John Stankey, Jessica Rosenworcel, Rosenworcel, Pat Ryan, Ryan, Mrinalika Roy, Vinay Dwivedi, Marguerita Choy Organizations: Verizon Communications, Verizon, The Communications Workers, America, Federal Communications, Environmental Protection Agency, White House Council, Environmental, U.S . Telecom, Thomson Locations: New, New York, Bengaluru

☆ New York Governor Hochul directs agencies to probe toxic lead cables
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +1 min

July 20 (Reuters) - Democratic Governor Kathy Hochul on Thursday directed the public service, health and environmental conservation departments to investigate risks associated with old lead-clad cables left by telecommunication companies following a recent report. The Wall Street Journal earlier this month reported that telecom companies including AT&T (T.N) had left toxic lead cables on poles, underwater and buried under ground across the U.S. including the State of New York. The purpose of the investigation is to better understand the inventory and ownership of such cables in New York, according to a statement from the governor's office. "Lead-covered cables pose a serious threat to communities across New York ... We will hold the telecommunication companies responsible and take swift action to remediate any problems," Hochul said in a statement. Reporting by Mrinalika Roy in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Kathy Hochul, Hochul, Mrinalika Roy, Vinay Dwivedi Organizations: Democratic, Street, Thomson Locations: New York, Bengaluru

☆ Student loan payments are set to resume. Here's a potential winning play for investors, BofA says
▼ + stars: | 2023-05-17 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Federal student loan debt repayments are expected to resume later this year – and one winning stock could emerge from the fallout, according to Bank of America. Payments on federal student loans have been on hold since 2020 as part of pandemic relief measures. The Supreme Court is weighing President Joe Biden's student loan forgiveness plan, and repayments on federal student loans are expected to resume 60 days after the court makes its decision. But SoFi Technologies could benefit from the resumption of loan payments as borrowers try to refinance their federal student loans, Bhatia said. Refinancing may make sense if the original federal loans have a higher rate than what's available through a private lender.

☆ JetBlue to buy Spirit for $3.8 billion in push to become the fifth-largest US carrier
▼ + stars: | 2022-07-28 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

In this article ULCCJBLUSAVEwatch nowJetBlue Airways has reached a $3.8 billion deal to buy Spirit Airlines in a takeover that would create the country's fifth-largest airline and remove a fast-growing budget carrier from the market. Spirit lacked the shareholder support to win approval of the Frontier merger, which was first unveiled in February. If approved by regulators, JetBlue's takeover of Spirit would leave Frontier as the largest discount carrier in the U.S. It would also be the first major U.S. airline deal since 2016, when Alaska Airlines beat out JetBlue for Virgin America. A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022.

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