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☆ Blue-collar jobs are booming. White-collar jobs, not so much.
▼ + stars: | 2024-05-15 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +14 min

Now, she told me, blue-collar work is an oasis in the fake-email-job desert, with a newfound social cachet. In a survey conducted in late 2021, 67% of blue-collar workers said they believed the pandemic changed how people viewed their jobs, and 75% of white-collar workers agreed. AdvertisementNow, the economy is adding blue-collar jobs at a rapid clip. There is a tendency — particularly among white-collar workers — to look at blue-collar work through rose-colored glasses, to romanticize the hard work and skills it requires. The labor market hasn't completely reversed course; blue-collar jobs may be booming, but a bachelor's degree is still often a prerequisite for roles with high pay and numerous benefits.

Persons: Alyssa DeOliveira, didn't, DeOliveira, Chris Collins, Collins, Steven Kurutz, influencers, Eames, Bernie Sanders, Elise Gould, she's, it's, moratoriums —, Gould, Frankie Giambrone, Giambrone, Biden, Lael Brainard, Scott Gove, Michael Kaye, Gove, there's, he's, Sam Pillar, Jeff Goldalian Organizations: Walmart, UPS, Business, The New York Times, Economic, Bureau of Labor Statistics, National Economic Council, Teamsters Union, United Auto Workers, Teamsters Locations: Boston, Tennessee, New York City

☆ China's economy reveals pockets of softness. Here's what to watch ahead of Friday's data
▼ + stars: | 2024-05-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

The National Bureau of Statistics is due to release data on retail sales, industrial production and fixed asset investment for April on Friday. Some of the weakness speaks to genuine sluggish demand in China at present. The firm expects this week's economic data releases to show a "softening in economic momentum," affirming its forecasts for the central bank to cut rates by the end of June. "Some of the weakness speaks to genuine sluggish demand in China at present," said Hui Shan, Goldman Sachs' China chief economist, in a note Sunday. Businesses' loan demand fallsNew bank loans to businesses and government organizations dropped sharply in April from March, as did new loans to households, according to official data accessed through Wind Information.

Persons: Hui Shan Goldman Sachs, Louise Loo, Goldman Sachs, Hui Shan, Goldman, RRR, Pan Gongsheng Organizations: Visual China, Getty, BEIJING, National Bureau, Statistics, Reuters, Finance, Oxford Economics, People's Bank of, Information, Clocktower, CNBC Locations: Lianyungang, Jiangsu Province, China, —, Beijing, People's Bank of China

☆ 3 US cities drawing more millionaires with lower taxes, cheaper homes, and shorter commutes
▼ + stars: | 2024-05-09 | by ( Dan Latu | ) www.businessinsider.com time to read: +2 min

Consulting firm Henley & Partners identified 3 US cities with huge potential for wealth growth. AdvertisementNew York, Los Angeles, and Chicago may no longer hold the same sway for millionaires and billionaires anymore, according to consulting firm Henley & Partners. The numbers of wealthy residents in these cities might be smaller than in the major hubs, but their rate of growth is much higher. New York, for example, has 349,500 millionaires, according to Henley & Partners, while Scottsdale only has 14,500. AdvertisementHere's a look at the three American locations Henley & Partners projected will boom with wealthy residents in the coming years.

Persons: Henley, —, Mehdi Kadiri Organizations: Henley & Partners, Greenwich, Service, — Henley, Partners, New Locations: Scottsdale, Palm Beach, New York, California, York, Los Angeles, Chicago, Austin, Miami, Los Angeles , New York, London, Scottsdale , Arizona, Phoenix, Beach , Florida, Connecticut, Greenwich, Darien

☆ Changes are coming to the S&P 500 and Wall Street speculates these stocks could be added
▼ + stars: | 2024-05-09 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

These stocks could be poised to join the S & P 500 when the broad index undergoes its quarterly rebalance next month, according to some Wall Street analysts. Keefe Bruyette & Woods also views a financial services stock as a likely addition to the S & P 500, citing the sector's underweight position. There's a "mid to high probability" that Erie resettles in the S & P 500. The S & P 500 isn't the only index poised for potential changes. Gandhi sees a strong likelihood that Ryan Specialty Holdings joins the S & P Midcap 400, while New York Community Bancorp could drop down to the S & P SmallCap 600 .

Persons: Ramsey El, Bancorporation, Assal, Keefe, Woods, Shreyank Gandhi, Gandhi, Dell Organizations: Barclays, Micro Computer, Whirlpool, Software, Services, KKR, Apollo Global Management, Erie resettles, Specialty Holdings, New, New York Community Bancorp, Axis Capital Holdings, BOK Locations: Erie, New York

☆ Your questions about Trump’s immunity claim at the Supreme Court, answered
▼ + stars: | 2024-04-24 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +14 min

The US Supreme Court, after refusing to hear the claim on an expedited basis, took up the case after a lower court tore Trump’s immunity claim to shreds. We asked for your questions about the immunity claim, some of which I’ve tried to answer below with help from CNN’s reporting and Supreme Court reporters. When Smith asked justices to expedite the case and consider Trump’s immunity claim before an appeals court, they declined. If Trump’s immunity claim is upheld by the Supreme Court, what can anybody or any government body do to challenge the decision? MichaelThe Supreme Court is the final word on legal matters, so there is no higher authority to overrule its decision.

Persons: Donald Trump, Trump, I’ve, Chris, CNN’s, Joan Biskupic, Jack Smith, Donald Trump’s, Biden, Here’s, Thomas, Jan, Greg, Clarence Thomas, John Eastman, Gilbert None, Trump – Neil Gorsuch, Brett Kavanaugh, Amy Coney Barrett –, he’ll, Randall, Smith, it’s, Shouldn’t, Gore, John, Devan Cole, ” Cole, Cole, Juan Here’s Biskupic’s, Nixon, Fitzgerald, Richard Nixon, ”, It’s, acquit, ’, Curt Trump’s, George Washington’s, Nixon’s, Gerald Ford, Ford, Michael, Charles, SCOTUS, Sheryl, Massachusetts Nobody, convicting, Joe, Johnson Organizations: CNN, US, Trump, DC, DC Circuit, Supreme, Iowa Trump, White, House, Department Locations: Iowa, Arizona, Bush, California, Colorado, Brady, United States, New Jersey, New York, Georgia, The, York, Washington , DC, Massachusetts, Mississippi

☆ Special Education, Inc.
▼ + stars: | 2024-04-21 | by ( Meghan Morris | ) www.businessinsider.com time to read: +34 min

AdvertisementNate Smallwood for BITo some, private equity's business model appears antithetical to special education. (The average public school district in Pennsylvania, where New Story operates the most schools, spends about $23,000 per child across all types of public education. "Private equity has no place in education — especially special education," Sen. Sherrod Brown of Ohio told BI. For instance, two Pennsylvania education directors left in spring 2023, according to records obtained by BI — one after just months in the role. AdvertisementNickie Coomer, a Colorado College education professor who has written about the privatization of special education, told BI that this data gap is a major regulatory hole, one that private-equity companies are happy to exploit.

Persons: Emily, Sarah, Nate Smallwood, Sarah didn't, —, Mergermarket, Shanon Taylor, Taylor, Sen, Sherrod Brown, Bob Casey of Pennsylvania, Casey, Paul Volosov, Volosov, Jim Grinnen, Rachel Wisniewski, Christina Spielbauer, Spielbauer, Nathaniel Garnick, Garnick, sully, Craig Richards, He's, Richards, they're, " Richards, Judith McKinney, Grinnen, Donnell McLean, McLean, Natalie Stoup, Blackstone, haven't, Biden, of Education spokespeople, Nickie, …, that's, didn't, Hill, Amy Hall Kostoff, Kostoff, Green, she'd Organizations: Business, State College ,, New, BI, Audax Group, Kentucky, Pennsylvania State Employees, Schools, Audax, Rock Academy, University of Nevada, Ohio, Pennsylvania Department of Education, Rock, Reading School District, River Rock Academy, Virginia's Department of Education, Green Tree, Pay, Tree, Autism, Forbes, NBC News, Federal Trade Commission, of Education, Colorado College, Tree School, Pennsylvania's Department of Education, Pennsylvania, In State College Locations: State College , Pennsylvania, Boston, Pennsylvania, Reno, —, Ohio, New Story's, Rock, Virginia, , Ohio, New Jersey , Pennsylvania, New Story's New Cumberland , Pennsylvania, CARD's Virginia, Philadelphia, Rochelle Park , New Jersey

☆ These 5 stocks will power the AI revolution as data centers spread and electricity demand doubles, says Bank of America
▼ + stars: | 2024-04-20 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

The rise in power demand for data centers — which are booming from the need to support a new world of AI technologies — is also fueling demand for the providers of data center parts. "Expected power usage for U.S. data centers under construction is equivalent to more than 50% of the power currently used by U.S. data centers. Several years out, even after these data centers are constructed, some expect data center power consumption to double again," analyst Thomas Thornton wrote in a Wednesday note. Management is raising its own capital expenditures for the first time in a decade to meet the power demand for data centers, BofA added. To be sure, analysts mentioned that data center demand will likely exceed supply.

Persons: Thomas Thornton, Thornton, BofA, David Barden, Barden, Equinix, Eaton Organizations: Bank of America, Caterpillar, Management, Realty Trust, Digital Realty, Software, Aspen Tech, Constellation Energy, Dominion Energy

☆ I raised my son in Germany until he was 6. Now, we're back in the US, and my family is going through reverse culture shock.
▼ + stars: | 2024-04-19 | by ( Liz Humphreys | ) www.businessinsider.com time to read: +6 min

Liz Humphreys moved to Europe with her husband and raised her son in Berlin until he was 6. AdvertisementMy family has been back in New York City for a year and a half, and we're still struck by all the "rules" surrounding kids here. JF GrossenBerlin was affordable for raising a family and had great childcareIn 2012, my husband and I moved to Europe from New York City for work. He also had difficulty adjusting to all of the structure around the school day. In the 2024 Safety Index by Global Residence Index, Berlin ranked 46, while New York City was 107.

Persons: Liz Humphreys, —, Prenzlauer Berg, resignedly, we're, JF Grossen, it's, I've Organizations: Service, JF, London —, Berlin, New Locations: Europe, Berlin, New York, Prenzlauer, playdates, New York City, Amsterdam, London, Germany, Manhattan, Kita, Germnay

☆ This first-time mom landed her dream C-suite job while pregnant—and almost said no. What changed her mind
▼ + stars: | 2024-04-18 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Nada Noaman became a C-Suite leader at The Estée Lauder Companies just weeks after learning she was pregnant with her first child. When Nada Noaman landed her dream C-suite job at The Estée Lauder Cos. just hours after finding out she was pregnant, she felt unbridled joy — and panic. Nada Noaman at a baby shower her co-workers threw for her right before she went on maternity leave in December 2022. Estée Lauder offers full-time corporate employees in the U.S. up to 20 weeks of paid parental leave at their normal pay. "Having a solid support system at work and having a clear game plan months ahead of time made all the difference."

Persons: Nada Noaman, Lauder, Lauder Cos, …, Noaman, Estée, didn't, —, Michael Smith, Estèe, Estée Lauder, Smith, Noaman's, Estèe Lauder, Nada Organizations: Lauder Companies, U.S Locations: New York, Los Angeles, U.S

☆ Mortgage rates rise after disappointing March inflation report
▼ + stars: | 2024-04-11 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

Washington CNN —Mortgage rates drifted higher this week, and could increase further, in a sign that America’s affordability crisis isn’t letting up. The Federal Reserve doesn’t directly set mortgage rates, but its actions do influence them, and hotter-than-expected inflation readings could keep the central bank from reducing interest rates. That doesn’t bode well for lower mortgage rates, and economists don’t expect rates to fall below 6% this year, especially if the Fed does not end up cutting interest rates. Inventory gains could improve affordabilityMortgage rates are not expected to drop meaningfully this year, but further improvement in housing inventory could improve affordability. A lack of homes has been a longstanding issue keeping America’s housing market unaffordable and is especially frustrating for first-time buyers.

Persons: Freddie Mac, ”, Sam Khater, Freddie Mac’s, doesn’t bode, Joe Biden Organizations: Washington CNN —, Federal Reserve, “, Federal, Treasury, National Association of Realtors, Homeowners, Fed

☆ AI fever is triggering a new hunt for tech talent on Wall Street. 5 recruiters outline in-demand tech roles that can pay from $250,000 to $2 million.
▼ + stars: | 2024-04-09 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWall Street firms are switching into hiring gear. Banks, hedge funds, and private equity firms are back on the hunt for tech talent, several recruiters told Business Insider. Across the Street, finance firms are witnessing the AI transformation being led by tech giants like OpenAI and Nvidia. Hodzic added that, on average, the technology business at Selby Jennings is registering 25% more job orders a week compared to this time last year.

Persons: —, Giancarlo Hirsch, Deepali Vyas, she's, Vyas, Ben Hodzic, Selby Jennings, Hodzic, Glocomms, Hirsch, whittle, Banks, Andy Legg, Dennis Baden, Baden, Korn Ferry's Vyas Organizations: Service, Finance, Business, Blackstone, JPMorgan, Vyas, Nvidia, They're, Wall, Riviera Partners, Google, Banks Locations: Selby

☆ New Yorkers are freaking out about — and poking fun at — the 4.8-magnitude earthquake that rocked the East Coast
▼ + stars: | 2024-04-05 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

Here are some of the best jokes and memes to come out of the estimated 4.8-magnitude quake. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . East Coast residents were shaken up on Friday morning by an earthquake with an estimated magnitude of 4.8. The next earthquake might not happen for another 10 years, but it's best to be prepared with more than just your smartphone.

Persons: —, New York ”, dGKBvjpTPq — philip lewis, Erewhon, Hailey Bieber smoothie, — Walter Hickey, l Organizations: New York, Service, East, Empire, York Metro, Apple, San, NYC, Earthquake, ust Locations: New, New York City, East Coast, West, New York, New Jersey, —, York, of, Los Angeles, Yorkers, @WaltHickey

☆ Malaysia emerges as a hotspot for semiconductor firms amid U.S.-China chip tensions
▼ + stars: | 2024-04-04 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +5 min

American chip giant Intel in December 2021 said it will invest more than $7 billion to build a chip packaging and testing factory in Malaysia, with production expected to begin in 2024. Malaysia holds 13% of the global market for chip packaging, assembly and testing services, said the Malaysian Investment Development Authority in a Feb. 18 report. Exports of semiconductor devices and integrated circuits increased by 0.03% to 387.45 billion Malaysian ringgit ($81.4 billion) in 2023, amid global chip demand weakness. Malaysia Semiconductor Industry Association president Datuk Seri Wong Siew Hai said many Chinese firms diversified some of their production to Malaysia, calling the country China's "plus one." In the same month, the world's largest contract chip maker TSMC opened its first Japan factory as it diversifies away from Taiwan amid U.S.-China tensions.

Persons: Faris Hadziq, Kenddrick Chan, Aik Kean Chong, Intel's, Tan, Yinglan Tan, Datuk Seri Wong Siew Hai, Zafrul Aziz, TSMC, Ann Lim Organizations: Getty, Malaysia, LSE, London School of Economics, Political, Semiconductors, Intel, CNBC, Infineon, Ventures Partners, Malaysian Investment Development Authority, Malaysian, Malaysia Semiconductor Industry, U.S ., U.S, China -, Partnership Locations: KUALA LUMPUR, MALAYSIA, Malaysia, Kuala Lumpur, South, East Asia, China, U.S, American, Penang, Another U.S, Singapore, Europe, Kong, GlobalFoundries Singapore, Klang, India, Japan, Taiwan, South Korea, Washington, Asia, China - U.S

☆ New Jersey Challenges N.Y.C. Congestion Pricing in Federal Court
▼ + stars: | 2024-04-03 | by ( Winnie Hu | Elise Young | ) www.nytimes.com time to read: +1 min

Federal transportation officials allowed New York to move ahead with congestion pricing without fully addressing how traffic and pollution would be shifted to its neighbors across the Hudson River as drivers avoid the new tolls, a lawyer for the State of New Jersey argued in federal court on Wednesday. Now, as traffic patterns change, those New Jersey communities will be forced to shoulder the environmental burdens of the tolling program while New York receives all the benefits, the lawyer, Randy M. Mastro, said in his opening remarks in New Jersey’s lawsuit against congestion pricing. “It isn’t about whether you like or don’t like congestion pricing,” Mr. Mastro said in a courtroom in Newark. The issue is whether the Federal Highway Administration “took a hard look” at the potential environmental effects. The Metropolitan Transportation Authority, the state agency overseeing congestion pricing in New York, has repeatedly said that New Jersey communities were extensively studied in an environmental assessment.

Persons: Randy M, Mastro, Mr, Administration “, John J, McCarthy Organizations: State, New, Federal, Administration, Metropolitan Transportation Authority Locations: New York, State of New Jersey, New Jersey, New, Newark

☆ Puerto Rican tax breaks are luring wealthy newcomers. A millennial says that's bad news for members of her generation with dreams of careers and homeownership.
▼ + stars: | 2024-03-28 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

Puerto Rico is becoming an increasingly popular destination for mainland Americans looking to relocate for tax purposes without giving up their US citizenship. Maridav/Getty ImagesBetween 2021 and 2022, about 27,000 individuals moved from the US mainland to Puerto Rico, according to data collected by the US Census Bureau . Related storiesIn 2021, the cost of living in Puerto Rico rose by 7%, the largest jump seen in 40 years. According to data from Realtor.com, the median home price in San Juan, Puerto Rico, in February was $950,000, up 37% in the past year. AdvertisementAccording to the Associated Press, there are now 25,000 short-term rentals in Puerto Rico, up from 1,000 in 2014.

Persons: —, Anna, Brock Pierce, Anna aren't, Adrián González Costa, Hurricane Maria, Puerto Ricans Organizations: Service, Puerto Ricans, Business, US Census Bureau, Federal Housing Finance Agency, San Juan, Puerto Rican Independence Party, San Juan Daily Star, Associated Press, AP Locations: Puerto Rico . Puerto Rico, Europe, Puerto Rico, Maridav, Puerto, Realtor.com, San Juan , Puerto Rico, Aguas Buenas, San Juan, San Juan ., AFP

☆ New Yorkers who make six figures won't save as much moving to Texas and Florida anymore
▼ + stars: | 2024-03-25 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

New Yorkers have historically moved to Florida and Texas to save money on taxes and other expenses. AdvertisementIn December, Rahul Sen Sharma told Business Insider that he was moving from New York to Miami — and bringing his company with him. New Yorkers moving to Texas for many of the same reasons will also face sticker shock. The savings gained by moving to Florida and Texas are dwindlingUtilities, gas, and housing are just a few expenses that have gotten pricier in Florida and Texas since 2019. "The property-tax percentage rate is higher," Marie Bailey, a Texas real-estate agent who moved from California, told Business Insider's Alcynna Lloyd.

Persons: —, Rahul Sen Sharma, Sen Sharma, BI's Phil Rosen, Jeff Bezos, Ken Griffin, SmartAsset, Dallas, Alexander Spatari, Realtor.com, Jaclyn DeJohn, SmartAsset's, Wager, Robert Walsh, Marie Bailey, Insider's Alcynna Lloyd Organizations: Service, Miami —, Bloomberg ., New, Miami, relocators, Miami . Miami Beach, Bloomberg, Business, Sunshine State, CBS, Fort Locations: Florida, Texas, New York, Miami, NYC, Austin, Florida and Texas, Dallas, Miami ., Manhattan, Fort Lauderdale , Florida, Fort Lauderdale, California

☆ The presidential race is set, but ‘uncommitted’ remains an option in Louisiana and Missouri.
▼ + stars: | 2024-03-23 | by ( Nick Corasaniti | Neil Vigdor | ) www.nytimes.com time to read: +7 min

Georgia, with its long history of the suppression of Black voters, has been ground zero for fights about voting rights laws for decades. The result has been a slew of laws that included restrictions to voting, like limiting voting by mail and adding voter ID requirements. He found that the growing racial turnout gap since the Supreme Court’s decision in Shelby had been felt most acutely by younger voters across the country. In Bulloch County, Ga., Winston County, Miss., and Newberry County, S.C., the racial turnout gap among young voters grew by 20 percentage points or more between the 2012 and 2020 elections. Seeing a more substantial racial turnout gap among young voters cuts against some conventional wisdom about recent changes to voting laws.

Persons: Barack Obama, Lowndes County —, Georgia —, Michael Podhorzer, Lowndes, Obama, Holder, “, Podhorzer, ” Podhorzer, Biden, Bernard Fraga, ” Fraga, Emily Elconin, Donald Trump, I’ve Organizations: Black, Republican, Justice Department, Brennan, Valdosta State University, Emory University, The New York Times, The Times, Times Locations: Georgia, Lowndes County, Shelby County, Shelby, Bulloch County ,, Winston County, Miss, Newberry County, S.C, Atlanta, Dearborn, Mich, Arizona , Georgia, Michigan, Nevada , Pennsylvania, North Carolina, Wisconsin, onpolitics@nytimes.com

Early analyst calls featured one firm calling for more gains for Nvidia and an upgrade to a major beverage and snacks maker. HSBC raised its price target on Nvidia to $1,050, which implies upside of nearly 20% for the chipmaker. His price target of $190 indicates upside of 15.4% over the next 12 months. — Fred Imbert 5:43 a.m.: HSBC hikes Nvidia price target ahead of GTC Conference HSBC sees more upside in store for shares of Nvidia as the chip giant defends its AI position and reaches new markets. Given this backdrop, analyst Frank Lee boosted the firm's price target to $1,050 from $880 a share, reflecting nearly 20% upside from Friday's close.

Persons: Morgan Stanley, Raymond James downgrades, Raymond James, Steve Moss, Moss, management's, Samantha Subin, Brad Lin, Lee, bode, — Samantha Subin, Dara Mohsenian, Fred Imbert, Frank Lee Organizations: CNBC, Nvidia, HSBC, PepsiCo, York Community Bancorp, New York Community Bancorp, Bank of, Taiwan Semiconductor, AI, Bank of America, Intel, GTC Conference HSBC, GTC Conference

☆ All my friends are tracking their teenage kids' phones. I decided to let my son have his freedom, but I'm still worried.
▼ + stars: | 2024-03-10 | by ( Erika Ebsworth-Goold | ) www.businessinsider.com time to read: +4 min

But I've decided not to track my high school senior when he's out and about — even when he's behind the wheel. I'm not naïve: I know my son won't always make the correct decisions. But he will; that's life. What my son gains far outweighs what I lose by opting not to use a tracking app. I don't always need to know where he is, but he'll always know where I am should he need me.

Persons: —, I've, I'm, micromanaging, he's, he'll, We're, we've Organizations: Service, Google, Business, SWAT

☆ The North Korean refugees sold to Chinese husbands
▼ + stars: | 2024-03-08 | by ( Jessie Yeung | Yoonjung Seo | ) edition.cnn.com time to read: +14 min

China considers North Korean refugees to be economic migrants, and forcibly deports them back to North Korea – where, as alleged defectors, they face imprisonment, possible torture or worse, activists say. During that period, she also met other North Korean refugees in the same situation – with their status public knowledge in the village, she said. According to the KFI report, the buying of a North Korean wife is “always known to the local community” but rarely reported to authorities. The other North Korean refugees she’d met in town had connections to brokers who could help them escape, while church organizations and non-profit groups discreetly helped raise funds for the journey. Brokers who remain have raised their prices due to increased risks and surveillance, while newcomers to the business are inexperienced, making it a risky gamble for North Korean refugees.

Persons: South Korea CNN — Chae, –, she’s, Yoonjung Seo, She’d, didn’t, “, ”, Chae, ” didn’t, Kim Jeong Ah, Kim, she’d, we’ll, ” Chae, Seo, Unification Ministry –, She’s, – she’s Organizations: South Korea CNN, North, CNN, North Korea –, Korea Future Initiative, KFI, US State Department, Human Rights Watch, Female North, United Nations, Liberty, Korean, Koreans, Unification Ministry, Brokers Locations: Seoul, South Korea, North Korea, China, Laos, Thailand, North Korean, Hebei, Beijing, London, Korea, Korean, North, ”, South, South Koreans

☆ Homebuyers should consider these 17 cheaper-than-average cities where affordable houses are becoming much easier to find
▼ + stars: | 2024-03-05 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Spring is just around the corner, and the same may be true of a housing market revival. Housing inventory is starting to rise alongside temperatures, according to a just-released report from Realtor.com. Researchers at the listings site noted in a March 5 announcement that US active property listings rose 14.8% in February from 2023, while new listings jumped 11.3%. The jump in property listings was widespread, as it occurred in 29 of the 50-largest US cities, according to Realtor.com. 25 cities where cheaper-than-average houses are prevalentBelow are the 17 US real estate markets where houses are cheaper than the national median of $415,500, and inventory growth is also positive.

Persons: Realtor.com, haven't Organizations: Realtor.com, Business, homebuyers

☆ Hot hedge fund trends collide at a new AI-powered multi-strategy fund
▼ + stars: | 2024-02-26 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Ascendance Asset Management, founded by former AllianceBernstein investor Bob Kim, will be a multi-strategy hedge fund that plans to integrate artificial intelligence across the investing and risk management process, several sources familiar with the matter told Business Insider. Kim was the director of research at Visium and a portfolio manager for Izzy Englander's Millennium before working as the chief investment officer for AB's Arya fund, the multi-billion multi-strategy fund within the asset manager's alternatives business. AdvertisementThe firm also brought on a former executive from billionaire Stan Druckenmiller's hedge fund Duquesne, John Kovitch, to be its head of trading. The goal, sources told BI, is for each portfolio manager to have their own personalized AI agent helping them trade. These firms need people, especially investing talent, pushing up compensation and guaranteed payouts across the industry.

Persons: Bob Kim, Ascendance, Kim, Izzy Englander's, AB's Arya, Josh Adam, Adam, Steve, Goldman Sachs, Stan Druckenmiller's, John Kovitch, Bobby Jain's Jain Organizations: Service, Management, Industry, Business, SAC, Duquesne, Citadel Locations: New York, London, Asia, GLG

☆ Amazon is getting added to the Dow. What it means for the market benchmark
▼ + stars: | 2024-02-21 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The Dow is adding Amazon, while removing Walgreens Boots Alliance. With the change, S & P Dow Jones Indices senior index analyst Howard Silverblatt said the Dow could rally all the way to 42,865. The effect on incoming and outgoing members of the Dow is less clear. According to past data from Ned Davis Research, stocks that leave the Dow have historically outperformed incoming members. Since 1972, outgoing members have averaged a 12-month gain of nearly 17.5%, while new members have averaged a 10% gain in their first year.

Persons: Dow, Howard Silverblatt, Silverblatt, Ned Davis Organizations: Dow Jones, Walgreens, Alliance, Walmart, Walgreens Boots Alliance, Dow, Ned Davis Research

☆ ‘The Love Boat’: How a TV show transformed the cruise industry
▼ + stars: | 2024-02-13 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +14 min

‘Greatest product placement’"The Love Boat" centered around the adventures of the crew and passenger on board a luxury cruise ship. “‘The Love Boat’ really created the cruise industry,” Michael L. Grace, who worked as a scriptwriter on the program during the 1980s, told CNN Travel in 2022. During the 1980s, almost 40 new cruise ships were constructed, including Tropicale, from Carnival Cruise Lines and Royal Princess, Princess Cruises’ first purpose-built cruise ship. Princess Cruises“The Love Boat” may also have played a part in the heavy entertainment focus we see on modern-day cruise ships. Outlandish musical performances were often featured on “The Love Boat,” and they proved to be a big hit with viewers.

Persons: we’re, Aaron Spelling, Princess Cruise, Jeraldine Saunders, “, Merrill Stubing, Gavin MacLeod, ” Michael L, Grace, Princess, Caribbean's, ”, Carolyn Spencer Brown, Captain Stubing, Adam Bricker, Bernie Kopell, Julie McCoy, Lauren Tewes, Isaac Washington, Ted Lange, Vicki, Jill Whelan, ” Grace, Everett, Peter Knego, Spencer Brown, Dittrich, Keen, Cruises ’, Princess “, Cruises, Della Reese, Ethel Merman, Carol Channing, Ann Miller, Judi Patterson, Andy, Oriana, Patterson, Greer Garson, Howard Duff, Jill Whelan –, Princess Cruises – Bernie Kopell, Fred Grandy, Ezra Freeman, he’s, ” MacLeod, Joe Raedle, Caribbean’s, Isaac, Ted Lange's, Bret Hartman, Knego, ” Spencer Brown, ” Whelan, Cruise Organizations: CNN, Paramount Plus, Princess Cruises, Princess, Everett, CNN Travel, Cruise Media, Cruises, Carnival Cruise Lines, Entertainment, CBS, Knego, “, Disney Cruise, world’s, Princess Cruises Pacific Locations: Mexico, Royal Caribbean, India, New York, Canada, New England

☆ 10 best U.S. cities for single young professionals—New York and LA didn't make the list
▼ + stars: | 2024-02-13 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

New York is still the go-to city for recent college grads, but according to a new report single young professionals are looking elsewhere. This month, Renthop released its ranking of the best U.S. cities for single young professionals. 81, while New York City was named the worst city for single young professionals with a score of 34.73. The Renthop report states that since New York City is one of the most expensive rental markets in the world, it is a less-than-ideal place for young professionals. The average rent in New York City is $3,400, according to Zillow.

Persons: Renthop Organizations: Los Angeles, New Locations: York, New York City, Los Angeles, New York

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