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☆ The 15 most expensive U.S. neighborhoods per square foot—No. 1 is 2,000% higher than average
▼ + stars: | 2024-01-29 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

The cost per square foot in South of Market — also known as SoMa — is $5,415. Just over 120 miles away is Northwest Auburn, California, the second-highest priced U.S. neighborhood at $4,416 per square foot. The Old Town neighborhood of the beachside California town of Carpinteria comes in third in the rankings, with a cost per square foot of $4,129. In contrast, the Homewood North neighborhood in Pittsburgh ranks last amongst the 20,000 neighborhoods examined for the study, with homes costing $29 per square foot. The rankings are based on average price per square foot data for U.S. homes using Homes.com listing data.

Persons: — Organizations: Northwest Auburn, Downtown, Port Royal, Stinson, Casa, Fisher, Hudson, downtown, Rush, Homes Locations: San Francisco, U.S, Market, Auburn , California, Carpinteria, California, Downtown Bellevue, Bellevue , Washington, Naples, Florida, Shores, Stinson Beach , California, Hibiscus Islands, Miami Beach , Florida, Newport Beach , California, Lago, Palm Beach , Florida, , New York City, Hill , New York City, Miami, downtown San Francisco, Northwest Auburn , California, Sierra Nevada, Auburn, Sacramento, Old, Homewood, Pittsburgh, Montana , South Dakota , Wyoming, North Dakota, Virginia

☆ Surprise Medical Billing Law Heaps Pressure on Healthcare Providers
▼ + stars: | 2023-11-28 | by ( Soma Biswas | Becky Yerak | ) www.wsj.com time to read: 1 min

The No Surprises Act is causing lengthy billing disputes with health insurers and reimbursement delays, according to some healthcare companies that are under increased financial pressure. Photo: Getty Images/iStockphotoA law designed to protect patients from surprise medical bills is contributing to the financial distress of some medical-service providers, which say lengthy billing disputes and payment delays with insurers are hurting their ability to stay afloat. The No Surprises Act, which took effect last year, aims to protect patients from surprise medical bills from out-of-network healthcare providers when there are disagreements over reimbursements between insurers and providers. Previously, providers often billed patients to make up for the amounts insurers were unwilling to pay.

☆ Italy judge seizes 780 mln euros from Airbnb in tax probe
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

[1/2] A woman talks on the phone at the Airbnb office headquarters in the SOMA district of San Francisco, California, U.S., August 2, 2016. REUTERS/Gabrielle Lurie/File Photo Acquire Licensing RightsROME, Nov 6 (Reuters) - An Italian judge has ordered the seizure of 779.5 million euros ($836.40 million) from short-term rentals platform Airbnb's Ireland unit for alleged tax evasion, Milan prosecutors' office said on Monday. The probe concerns Airbnb's (ABNB.O) alleged failure to withold 21% of landlords' rental income and pay it to Italian tax authorities, as required by a 2017 law, prosecutors in the northern Italian city said in a statement. Airbnb's Italian press office did not immediately reply to a request for comment. Prime Minister Giorgia Meloni's administration is meanwhile planning a crackdown on tax cheating on short-term rentals, and wants to raise taxes from 21% to 26% for owners of multiple short-term rental properties.

Persons: Gabrielle Lurie, Milan, Giorgia, Emilio Parodi, Alvise, Chris Reese, Franklin Paul, Tomasz Janowski Organizations: REUTERS, Rights, EU, Justice, Thomson Locations: SOMA, San Francisco , California, U.S, Italian

KARACHI, Pakistan, Oct 5 (Reuters) - Pakistani ecommerce logistics startup Rider, backed by YCombinator, is looking into acquiring BlueEx (UNIV.PSX) the only listed Express Courier Logistics Company in Pakistan, it told Reuters on Thursday. "We are carving out and acquiring the e-commerce logistics business which currently operates under the brand name BlueEx. This is not an acquisition of Universal Network System Limited as a whole," said Salman Allana, founder and CEO of Rider. If the transaction goes through, this will be the first acquisition of a listed company by a startup, and the first major acquisition of a company listed on Pakistan's Growth Enterprise Market (GEM) board at the Pakistan Stock Exchange (PAKS.PSX). While Rider has not disclosed the transaction value, it claims the acquisition will make Rider the third largest player in the ecommerce logistics space.

Persons: Salman Allana, Rider, Allana, Ariba Shahid, Michael Perry Organizations: Express Courier Logistics Company, Reuters, Venture, Universal Network System, Pakistan Stock Exchange, GEM, YCombinator, Global Founders Capital, Flexport, i2i Ventures, Fatima, Ventures, Soma, Rebel Fund, Thomson Locations: KARACHI, Pakistan, Karachi

☆ Sycamore to take apparel retailer Chico's FAS private for nearly $1 billion
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +1 min

Sept 28 (Reuters) - Chico's FAS (CHS.N) will be taken private by Sycamore Partners for $938.1 million in an all-cash deal, the apparel retailer said on Thursday, sending its shares surging 63% in premarket trading. Sycamore is known to bet on retail and consumer investments and has stake in department store operator Belk, discount retailer Dollar Express and mall and web-based specialty retailer Hot Topic. The private equity firm has been trying to acquire Florida-based Chico's since 2015 after it failed to secure acceptable financing terms for its bid. In 2019, Sycamore had offered $407.8 million, which was eventually lowered to $350 million after Chico's financial performance worsened, but the deal was rejected by its shareholders. ..three brands Chico's, White House Black Market and Soma," Chico's CEO Molly Langenstein said.

Persons: Sycamore, Molly Langenstein, Savyata Mishra, Sriraj Kalluvila, Arun Koyyur Organizations: Chico's FAS, Sycamore Partners, Chico's, Belk, Dollar Express, Barington Capital Group, Black, Thomson Locations: Sycamore, Florida, U.S, Bengaluru

☆ Amazon Aggregator Thrasio Engages Restructuring Advisers
▼ + stars: | 2023-09-27 | by ( Alexander Gladstone | Soma Biswas | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, ed1f0450

☆ Watch CNBC's full interview with SoMA Equity Partners' Gil Simon
▼ + stars: | 2023-09-27 | 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 EmailWatch CNBC's full interview with SoMA Equity Partners' Gil SimonGil Simon, SoMA Equity Partners founder and CIO, joins 'Squawk on the Street' to discuss how Simon is screening for stocks in today's environment, how Roblox fits into Simon's duration thesis, and more.

Persons: Gil Simon Gil Simon, Simon Organizations: SoMA Equity Partners

☆ Roblox has a great business model, says SoMA Equity's Simon
▼ + stars: | 2023-09-27 | 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 EmailRoblox has a great business model, says SoMA Equity's SimonGil Simon, SoMA Equity Partners founder and CIO, joins 'Squawk on the Street' to discuss how Simon is screening for stocks in today's environment, how Roblox fits into Simon's duration thesis, and more.

Persons: SoMA Equity's Simon Gil Simon, Simon Organizations: SoMA Equity Partners

☆ Russia mulls joining China in banning Japanese seafood imports
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +3 min

Japan started releasing the water from the plant into the ocean last month, drawing strong criticism from China. Russia is one of the biggest marine product suppliers to China and is seeking to increase its market share. "Taking into account the possible risks of radiation contamination of products, Rosselkhoznadzor is considering the possibility of joining with Chinese restrictions on supplies of fish products from Japan," Rosselkhoznadzor said in a statement. So far this year, Russia has imported 118 tonnes of Japanese seafood, the regulator said. Japan will scrutinise Tuesday's announcement by Russia, the top Japanese government spokesperson Hirokazu Matsuno said on Wednesday.

Persons: Kim Kyung, Rosselkhoznadzor, Hirokazu Matsuno, Matsuno, Alexander Marrow, Olga Popova, Katya Golubkova, Bernadette Baum, Gerry Doyle Organizations: Food, REUTERS, China, Japan, International Atomic Energy Agency, IAEA, Japan's Ministry, Environment, Thomson Locations: Soma, Fukushima Prefecture, Japan, Russia, Moscow, Russian, China, South Korea, Tokyo

Real wages adjusted for inflation fell in July for a 16th straight month in a sign households continued to feel the pinch from rising prices, separate data showed, boding ill for consumption. Exports remained solid in April-June with net external demand contributing 1.8% points to GDP growth, unchanged from the preliminary reading. But shipments to China slumped 13.4% in July to mark the 8th straight month of falls. Japan's economy has seen a delayed recovery from the COVID-19 pandemic this year, as rising living costs faltering global demand cloud the outlook. Given such uncertainties, Bank of Japan policymakers have stressed their resolve to keep monetary policy ultra-loose until the recent cost-driven inflation turns into price rises driven by domestic demand and higher wage growth.

Persons: Kim Kyung, Takeshi Minami, Yoshifumi Takemoto, Sam Holmes Organizations: Food, REUTERS, Norinchukin Research, Private, Bank of Japan, Thomson Locations: Soma, Fukushima Prefecture, Japan, TOKYO, China, Norinchukin

For Miyazaki, who painstakingly crafts thousands of hand drawings for a film, it's a long and laborious process. Several of Miyazaki's films rank among the biggest box-office hits ever in Japan; there are few other filmmakers today as revered — and fiercely beloved — as Miyazaki. “I am making this movie because I do not have the answer," Miyazaki told The New York Times in 2021. We are again, invited into a dizzyingly colorful otherworldly fantasy of Miyazaki's making. If this is to be the last Miyazaki movie (it would be unwise to ever really count him out), it's a tremendously moving goodbye.

Persons: Miyazaki's, Miyazaki, “, ”, —, Mozart, Guillermo del Toro, Mahito Maki, Soma Santoki, It's, Mahito's mother's, Yoshino Kimura, Mahito's, Masaki Suda, Mei, Mahito, Jake Coyle Organizations: TORONTO, Toronto, New York Times, Twitter Locations: Japan, Miyazaki, Toronto, Tokyo

☆ Here are 19 stocks Jim Cramer is watching, including Chipotle, LULU and Airbnb
▼ + stars: | 2023-09-05 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

FILE PHOTO: A woman talks on the phone at the Airbnb office headquarters in the SOMA district of San Francisco, California, U.S., August 2, 2016. REUTERS/Gabrielle Lurie/File PhotoHere are some of the tickers on my radar for Tuesday, Sept. 5, taken directly from my reporter's notebook:If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free.

Persons: Gabrielle Lurie, Jim Cramer's Organizations: REUTERS Locations: SOMA, San Francisco , California, U.S

☆ Driverless Taxis Blocked Ambulance in Fatal Accident, San Francisco Fire Dept. Says
▼ + stars: | 2023-09-02 | by ( Yiwen Lu | More About Yiwen Lu | ) www.nytimes.com time to read: +1 min

Two Cruise driverless taxis blocked an ambulance carrying a critically injured patient who later died at a hospital, a San Francisco Fire Department report said, in another incident involving self-driving cars in the city. It said that a police vehicle in another lane had to be moved in order for the ambulance to leave. The patient, who had been struck by a car, was pronounced dead about 20 to 30 minutes after arriving at the Zuckerberg San Francisco General Hospital, about 2.4 miles away from the accident. Cruise, an autonomous vehicle subsidiary of General Motors, said that it was not at fault. The footage also showed that other vehicles, including another ambulance, passed by the right side of the Cruise taxi.

Organizations: San Francisco Fire Department, Zuckerberg San Francisco General Hospital, General Motors, The New York Times, Cruise

☆ Hedge Fund MFN Pushes for Equity Voice in Yellow’s Bankruptcy
▼ + stars: | 2023-08-29 | by ( Soma Biswas | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, 78455b9f

[1/3] Supermarket owner Takashi Nakajima, 67, prepares sashimi, or raw fish, to sell at his store, near the tsunami-crippled Fukushima Daiichi nuclear power plant, in Soma, Fukushima prefecture, Japan, August 9, 2023. It's been a long battle to get radiation-wary customers back to the seafood from waters near the Fukushima nuclear power plant that was wrecked in the 2011 tsunami, Nakajima says. Now, with the imminent release of treated radioactive water from the plant into the Pacific, he fears a return to square one. "This can't be happening," the 67-year-old said in the backyard kitchen of his supermarket in Soma city, just 45 km (28 miles) north of the stricken power plant. The problem is, this water release will go on for at least 30 years."

Persons: Takashi Nakajima, Akiko Okamoto, It's, Nakajima, Yasutaka Shishido, Kiyoshi Takenaka, Tom Bateman, Chang, Ran Kim, Stephen Coates Organizations: REUTERS, Tokyo Electric Power, Thomson Locations: Soma, Fukushima prefecture, Japan, China

☆ Bankrupt Trucker Yellow Taps Estes Express for $1.3 Billion Real-Estate Sale
▼ + stars: | 2023-08-17 | by ( Soma Biswas | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Apollo-Led Lenders Sell Yellow Loan to Citadel
▼ + stars: | 2023-08-16 | by ( Soma Biswas | Paul Page | ) 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/apollo-led-lenders-sell-yellow-loan-to-citadel-817a5f32

Persons: Dow Jones

☆ Yellow Expects to Pay Back Private, Government Loans in Bankruptcy
▼ + stars: | 2023-08-09 | by ( Soma Biswas | Paul Page | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, 4a3123ff

☆ Trucker Yellow Files for Bankruptcy, Will Liquidate
▼ + stars: | 2023-08-07 | by ( Paul Page | Soma Biswas | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Pre-Olympics swimming event at risk as storms dirty Seine river
▼ + stars: | 2023-08-04 | by ( America Hernandez | ) www.reuters.com time to read: +2 min

Paris 2024 Olympics - Training for test swimming event for Paris 2024 - River Seine, Paris, France - August 4, 2023 A tourist boat is pictured on the River Seine beside the Pont Alexandre III bridge REUTERS/Stephanie LecocqPARIS, Aug 4 (Reuters) - Participants of this weekend's Open Water Swimming World Cup were barred from a Friday morning training session in Paris' river Seine as heavy rainfall caused water quality to dip below health standards, the French Swimming Federation (FFN) said. The women's 10 kilometre race on Saturday - a qualifying event for marathon swimming at the Paris 2024 Olympics - is still scheduled to go ahead, pending a new river water quality test on Friday evening. "The water quality tests are done regularly, and they are progressively improving," the spokesperson added. International federation World Aquatics did not immediately respond to a request for comment about further backup plans for the races if Seine water quality does not improve this weekend. The city has been working on clean-up efforts to make the Seine swimmable again, as it was during the 1900 Paris Olympics more than a century ago.

Persons: Pont Alexandre III, Stephanie Lecocq PARIS, Jacques Chirac, America Hernandez, Geert De Clercq Organizations: Paris, French Swimming Federation, Olympics, Thomson Locations: Seine, Paris, France, Villette, Egypt, Italy

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Organizations: Wall Street

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/trucker-yellow-prepares-to-file-for-bankruptcy-as-customers-flee-281151a6

Persons: Dow Jones, 281151a6

☆ Celsius Network Reaches Key Settlements to Resolve Litigation
▼ + stars: | 2023-07-21 | by ( Soma Biswas | ) www.wsj.com time to read: 1 min

Organizations: Wall Street

☆ Wheels Up’s Jumbo Challenge: Post-Covid Turbulence
▼ + stars: | 2023-06-22 | by ( Soma Biswas | Mark Maurer | ) www.wsj.com time to read: 1 min

Wheels Up Experience, an upstart in the membership-driven private jet industry, is retooling its business model to try to survive the post-Covid era and avoid the bankruptcy filings that have plagued other pandemic darlings. Air travelers flocked to Wheels Up after the pandemic’s onset, helping the company go public in a mid-2021 merger with a special-purpose acquisition company. Since then, its stock price has dwindled from a $110 high to a fraction of that amid widening losses and the unexpected departure in May of founder...

☆ Shark attack in Egypt kills a Russian citizen
▼ + stars: | 2023-06-08 | by ( Mohammed Tawfeeq | ) edition.cnn.com time to read: +2 min

CNN —Egyptian authorities have banned swimming near a beach at an Egyptian Red Sea resort following a deadly shark attack that killed a Russian citizen on Thursday, according to Egyptian and Russian officials. Minister of Environment, Yasmine Fouad, ordered a committee to investigate the incident, according to a statement released by Egypt’s Environment Ministry. Over the past years, several similar incidents have happened in the Egyptian Red Sea. In 2020, a Ukrainian boy lost an arm, and an Egyptian tour guide lost a leg in a shark attack. In 2018, a shark killed a Czech tourist off a Red Sea beach,” according to the state-run Al-Ahram Online newspaper.

Persons: Viktor Voropayev, “, ” Voropayev, Yasmine Fouad Organizations: CNN, TASS, Russian, Environment, Egypt’s Environment Ministry, Environment Ministry, Egyptian Ministry of Environment, Ahram Online Locations: Egyptian, Russian, Hurghada, Russia, Gouna, Soma, Red, Ukrainian, Czech

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