DIRS.INFO The most relevant business & tech news

☆ What it’s really like to live in Antarctica
▼ + stars: | 2024-05-23 | by ( Lilit Marcus | ) edition.cnn.com time to read: +14 min

The Minnesota native first went to the White Continent in 2007 to work as a janitor at McMurdo Base, one of the three US outposts there. She was one of half-a-dozen people staffing the world’s southernmost post office, UK-administered Port Lockroy. Counting penguins is one of the roles Port Lockroy staff have during their time in Antarctica. Once you get the Antarctica bug, Long and Nelson say, it’s pretty hard to get rid of. In a fast-paced globalized world where everyone is on their phones all the time, Antarctica offers a rare opportunity to live a different kind of life.

Persons: United States –, Keri Nelson, Amundsen, ” Nelson, “, McMurdo, Palmer, Evan Townsend, ” Keri Nelson, ”, Nelson, Scott Base, –, Scott, Keri Nelson “, Chris Long, Long, Laura Bullesbach, Bridie Martin, Laura Bullesbach doesn’t, you’re, You’re, Port Lockroy, Bullesbach, Clare Ballantyne, ” Long, Keri Nelson Long, he’s, vacationer, ” Klaus Dodds Organizations: CNN, United, Antarctic, Minnesota, Base, Scott, Palmer, grownups, McMurdo Base, McMurdo, US, Geographic, Pole, Ocean, Scott Base, Port, Lockroy, Port Lockroy, Electronics, University of London Locations: Antarctica, Chile, Japan, Australia, United States, McMurdo, New, Ross, Amundsen, New Zealand, Russian, South America, Port Lockroy, Lockroy, Port, Denver, China

☆ Auto insurance rates are jumping the most since the 1970s, but there could be relief soon
▼ + stars: | 2024-05-23 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Rows of new Tesla cars are seen in a holding area near a customer collection point on April 15, 2024 in London, England. Soaring auto insurance costs have been a principle driver behind inflation over the past year, but there could be relief on the way, according to Bank of America. "The turbocharged increases in motor vehicle insurance premiums are a response to underwriting losses in the industry. Insurers saw losses," BofA economist Stephen Juneau said in a note. Also, repair and maintenance services costs were flat in April though still up 7.6% from a year ago.

Persons: Stephen Juneau Organizations: Soaring, Bank of America, Federal Reserve, of Labor Statistics Locations: London, England, Juneau

☆ What Nvidia's 10-for-1 stock split means for investors—it's mostly psychological
▼ + stars: | 2024-05-23 | by ( Ryan Ermey | ) www.cnbc.com time to read: +1 min

Nvidia released its fiscal first-quarter earnings report on Wednesday, along with news of a planned 10-for-1 stock split. Shares in the chipmaking giant will begin trading on a split-adjusted basis when the market opens on June 10, according to a release. The split announcement, along with better-than-expected financial results, were just the latest in a long line of good news for Nvidia investors. Shares sprung up by 7% at the opening bell on Thursday, pushing the share price over $1,000. Plus, a stock split announcement tends to coincide with strong recent financial performance, and could signal that the company believes more is on the way.

Persons: Sam Stovall, Stovall Organizations: Nvidia

☆ How family offices are planning to invest now and in the next 5 years, according to UBS
▼ + stars: | 2024-05-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Here's how family offices are investing this year and how they plan to change their allocations in the next five years, according to UBS' Global Family Office Report 2024. Family offices plan to maintain the same allocation for 2024 – at 16%. Real estate Apart from fixed income, real estate was the other big change in how family offices invested last year, according to UBS. But family offices plan to increase the real estate part of their portfolios — to 12% in 2024, according to the report. Elsewhere, family offices are investing in Western Europe – in sectors such as luxury goods and automation, and in Asia Pacific (35%).

Persons: That's Organizations: UBS, Global, –, Globally, Koh Locations: North America, U.S, Western Europe, Asia, Greater China

☆ CNBC's Inside India newsletter: The secret of the stock market rally
▼ + stars: | 2024-05-23 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. "This particular product, and broadly speaking, the domestic investor, has driven the upsurge in the Indian stock markets," Mahesh Nandurkar, head of India research at Jefferies, told CNBC. For instance, of the nearly 4,900 actively traded India-listed stocks, 300 stocks had a fall in revenue in the last two consecutive financial years. Foreign investors have historically had a significant influence on local equity markets. For now, the savings directed into equity markets are still a tiny proportion of the overall savings Indians put away annually.

Persons: it's, Mahesh Nandurkar, Hermes, Jonathan Pines, Deepak Jasani, Jefferies, Nandurkar Organizations: Association for Mutual Funds, SBI Equity, Opportunities, ICICI Prudential, Advantage Fund, Jefferies, CNBC, Federated Hermes, HDFC Securities Locations: India, Japan

☆ Celibacy might suck, but it's better than dating apps. Hooking up with old friends is the way to go.
▼ + stars: | 2024-05-23 | by ( Nicola Prentis | ) www.businessinsider.com time to read: +6 min

But, since then, the apps seemed to have changed the way dating worked. Celibacy and a different approach to dating are, to me, the only answers to the kind of dehumanizing behavior the apps today provoke. AdvertisementThe author stopped using dating apps and only dates men she already knows. Dating apps throw people together with none of the social glue that binds us in our IRL trusted networks. Some people might call this style of dating "friends with benefits," but I don't.

Persons: Tinder, Bumble, I've, We'd, who'd, we're, I'd Organizations: Service, National, coy, Facebook, IRL Locations: Spain, Ireland, Istanbul

☆ Israel-Hamas War and Gaza News: Latest Updates
▼ + stars: | 2024-05-23 | by ( Aaron Boxerman | ) www.nytimes.com time to read: +4 min

Family members first saw the footage a few weeks ago via the Israeli military, which formally handed them a copy on Tuesday night, according to the Hostages and Missing Families Forum, which represents families of hostages held captive in Gaza. But hopes for immediate progress appeared remote in the shadow of Israel’s ongoing military operation in Rafah, in southern Gaza, from which over 800,000 Palestinians have fled, according to the United Nations. Image A still image from a video released by the Israeli military showing Israeli soldiers, all young women, during their abduction amid the Hamas-led attack on Oct. 7. Credit... Israeli forces operating in northern Gaza retrieved the bodies of four Israelis abducted on Oct. 7, heightening fears for the remaining captives. “The video is a damning testament to the nation’s failure to bring home the hostages, who have been forsaken for 229 days,” the Hostages and Missing Families Forum said in a statement.

Persons: “ I’m, ” Eli Albag, Liri, they’ve, ”, Benjamin Netanyahu’s, “, Israel Katz, Nahal Oz, heightening, Naama Levy, Agam Berger, Liri Albag, Karina Ariev, Daniela Gilboa, Yoav Gallant, Benny Gantz, Gantz, Yair Lapid, Dmitriy Khavin, Alexander Cardia, Riley Mellen Organizations: Israel’s, United Nations, Families, Reuters, The New York Times Locations: Gaza, “, Rafah, Ireland, Norway, Spain, Palestinian, Nahal, Palestine, Israel

☆ Shock summer election in Britain predicted to deliver 'historic' result
▼ + stars: | 2024-05-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

British Prime Minister Rishi Sunak makes a statement in the rain outside 10 Downing Street, announcing the UK general election will take place on 4 July in London, United Kingdom on May 22, 2024. News of the vote came as a surprise to the public, the media and much of Sunak's own party. 'As good as it gets'Bronwen Maddox, director of Chatham House think tank, said the election date had shocked many Conservatives who thought it would be held nearer to the U.S. election in November. Market bets on an interest rate cut in the summer fell as a result, and it now looks unlikely the central bank will cut on June 20, its last meeting before the election. So if that translates to a general election as well, then that Labour landslide is looking much less certain."

Persons: Rishi Sunak, Sunak, Price, Bronwen Maddox, I'm, Maddox, Rachel Reeves, Sir Keir Starmer, Angela Rayner, Leon Neal, James, Hannah Bunting, CNBC's, Tony Blair, John Major, Bunting, we've Organizations: British, Anadolu, Getty, Conservative Party, Conservatives, Labour Party, Downing, Bank of England, Chatham House, CNBC, Bank of England's, Labour, Centre, University of Exeter Locations: London, United Kingdom, U.K, Europe, Gaza, Rwanda, Purfleet

☆ Hundreds of mammoth bones discovered in Austrian wine cellar
▼ + stars: | 2024-05-23 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +4 min

CNN —Hundreds of mammoth bones have been uncovered in an Austrian wine cellar, in a discovery labelled an “archaeological sensation.”The remains are thought to be between 30,000 and 40,000 years old, according to experts. Andreas Pernerstorfer made the incredible discovery while renovating his wine cellar in the village of Gobelsburg, about 70 kilometers (43 miles) northwest of Vienna, in March. “He wanted to level the floor of his wine cellar because it was sloping and he removed some concrete in the center,” she said. “It quickly became apparent that it wasn’t just a few mammoth bones but very many mammoth bones,” she said. More than 300 densely packed bones were discovered, though there are likely to be considerably more buried beneath the cellar.

Persons: Andreas Pernerstorfer, Pernerstorfer, Hannah Parow –, “, ”, Souchon, “ I’m, we’ve Organizations: CNN, Austrian Academy of Sciences, Federal Monuments Office, Stone Locations: Austrian, Gobelsburg, Vienna, ”, Austria, Lower Austria

☆ Sales of newly built homes tank in April, as prices and interest rates rise
▼ + stars: | 2024-05-23 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Sales of newly built homes dropped 4.7% in April compared with March, and dropped a larger 7.7% from the prior year, the U.S. Census said Thursday. Higher mortgage rates are clearly hampering sales. Some of that is due to the mix of homes selling, which is mostly on the higher end of the market. Those buyers are not as influenced by mortgage rates, as they often use all cash. The big production builders have been buying down mortgage rates to help boost sales, but they are able to do that because of their size.

Persons: Peter Boockvar, Robert Dietz, NAHB's Organizations: Spring Barbera Homes, Builders, Toll Brothers, Bleakley Financial, CNBC, National Association of Home Builders, Wells Fargo . Locations: Loudonville , New York, U.S, Horton, Wells Fargo

☆ John Malone may still sell the Atlanta Braves, and its stock rallies 40%, Rosenblatt says
▼ + stars: | 2024-05-23 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Investors can still bank on a share-boosting sale of Atlanta Braves Holdings , according to Rosenblatt Securities. In a report out on Wednesday, Rosenblatt analyst Barton Crockett brushed off remarks from Liberty Media chairman John Malone late last week that the Braves were "not for sale." Liberty Media owns 17% of the Braves' Series C non-voting shares that trade under ticker symbol BATRK, Malone another 6% and Braves and Liberty Media CEO Gregory Maffei some 2.25%, according to FacSet data. Majority control of the Braves' voting stock remains in Malone and Liberty's hands. That date refers to the one-year anniversary of the Braves Holdings spinoff from Liberty Media in 2023.

Persons: Rosenblatt, Barton Crockett, John Malone, Crockett, Malone, Gregory Maffei, Liberty's, pining, David Joyce Organizations: Atlanta Braves Holdings, Rosenblatt Securities, Liberty Media, Braves, Braves Holdings, National League Division, Major League Baseball, ESPN, Seaport, National League Locations: Wednesday's, Malone

☆ TSA agents think the crew-member lane at airports is a huge security flaw that staff abuse for smuggling
▼ + stars: | 2024-05-23 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Read previewAirport security officers have concerns over the special crew-member lanes that enable flight attendants and airline pilots to bypass typical passenger screening procedures. However, former and current TSA agents told Business Insider the lanes were "terrible" and that cabin crews could be "a bigger flight risk than the passengers themselves." 'KCM should be eliminated'TSA agents told BI these stories of cabin-crew wrongdoing "completely breach the trust that we put in them." "Transportation Security Officers conduct security screening for prohibited items at airport checkpoints and checked baggage screening," a TSA spokesperson told BI. However, Harmon-Marshall said airlines should do a better job of educating their crews about the dangers of the program, particularly when a flight crew is walking around in their uniforms.

Persons: —, John F, Charlie Hernandez, Sarah Valerio Pujols, Emmanuel Torres, Jarol Fabio, Dennis Ring, Marsha Gay Reynolds, Ben Schlappig, Schlappig, Caleb Harmon, Marshall, Harmon, there's, they'll, they're, they'd Organizations: Service, Transportation Security Administration, Airlines for America, Air Line Pilots Association, International, Business, TSA, Kennedy International, Prosecutors, Delta Air Lines, NBC News, New York Post, Airlines, America, Transportation Locations: New York

☆ 5 millennials who are on their way to financial independence share why they have no intention of retiring early
▼ + stars: | 2024-05-23 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

October, a speech-language pathologist for New York City Public Schools, started her journey toward financial independence a few years ago. October is one of many millennials who are working toward achieving financial independence, one of the main goals of the FIRE — financial independence, retire early — community. Some millennials who successfully achieved financial independence told BI that a traditional retirement is overrated. Advertisement"The whole time I've been thinking in terms of my financial independence as what I call single-player mode. She sees financial independence as an extension of her drive to fulfill passion projects.

Persons: —, Shelly, she'll, she's, She's, millennials, They're, Scott Rieckens, Millennials, Oz Chen, he's, Oz Chen He's, hasn't, I'm, Chen, Gabriela Ariza, Ariza, David, Jill Pawley, Jilly Pawley, they'll, they've, It's, Jill Organizations: Service, New York City Public Schools, Business, Neighborhood Assistance Corporation of America Locations: Yonkers, New York City, Los Angeles, Illinois, Chicago, Rockford, Haiti, Michigan

☆ Walmart and Target are slashing prices. What does that mean for inflation?
▼ + stars: | 2024-05-23 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

That doesn’t mean the battle against inflation is won. Walmart saw first-quarter sales at stores open at least a year climb 3.8% from the prior year, in part thanks to its ability to keep prices low even as inflation remains sticky. “Our combination of everyday low prices plus a large number of rollbacks is resonating” with consumers, Walmart CEO Doug McMillon said on a call with analysts. Investors will get more inflation data next week from the Personal Consumption Expenditures index for April. Without that discount, the combined fine would have topped £88 million ($112 million).

Persons: Doug McMillon, Price, we’re, ”, Preston Caldwell, Scarlett Johansson, Will Scarlett Johansson, OpenAI, Johansson, OpenAI’s, Sam Altman, Brian Fung, OpenAI didn’t, Anna Cooban, “ Organizations: CNN Business, Bell, New York CNN, Walmart, Ikea, Aldi, Morningstar Research Services, Bureau of Labor Statistics, Investors, Citi, Citigroup, Financial Conduct Authority, Bank of England’s Prudential, Authority, CNN Locations: New York, United States

☆ Haley will vote for the Trump ‘chaos’ that she once decried
▼ + stars: | 2024-05-23 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Before losing her home state’s primary to Trump earlier this year, Haley lashed out at Republicans who backed Trump despite privately despairing over him. They’re just too afraid to say it out loud.”Now Haley is saying out loud she’s voting for Trump. Haley seeks to preserve her futureThere is every sign that Haley wants to run again for president once Trump finally leaves the stage. Trump has made no effort to appeal to Haley voters during the march to the nomination despite his dire need to court suburban voters. “Rightly or wrongly, chaos follows (Trump),” Haley complained at almost every event.

Persons: Nikki Haley, Donald Trump, ”, couldn’t, Joe Biden, “, ” Haley, Haley, Trump, Biden, —, They’re, Ted Cruz, CNN’s Kaitlan Collins, I’m, Cruz, There’s, Liz Cheney, repudiating, John Bolton, ” Bolton, CNN’s Wolf, Haley –, Ron DeSantis, “ There’s, they’d, Ronald Reagan’s, Bush, Vladimir Putin, Kim Jong Un, “ Trump, CNN’s Jake Tapper, Tapper, Putin Organizations: CNN, South, Trump, United Nations, president’s, Harvard Law School, Democrats, Wyoming, GOP, Vermont, Florida Gov, Republicans, Hudson Institute, Republican, freeloading, NATO, Hampshire Locations: South Carolina, Texas, Washington, Florida, Iowa, Georgia, New Hampshire, Russian, North Korean, Europe, Asia, United States, Columbia , South Carolina

☆ Pinduoduo: Americans are flocking to Temu and making its Chinese owner very rich
▼ + stars: | 2024-05-23 | by ( Laura He | ) edition.cnn.com time to read: +4 min

The Shanghai-based company reported Wednesday that net profit soared 246% to 28 billion yuan ($3.9 billion) in the first quarter of 2024, more than double the average analyst estimate of 12.62 billion yuan ($1.7 billion), according to LSEG data. Revenue jumped 131% to 86.81 billion yuan ($12 billion) in the period, also comfortably beating expectations. He is still the company’s biggest shareholder, with a stake of 25% stake, and ranks as China’s second richest man with a fortune of nearly $52 billion, according to the Bloomberg Billionaires Index. Temu, PDD’s international app, was launched in 2022, and as of last November it had acquired nearly 17% of the US online discount store market, according to Earnest Analytics. Last month, South Korean regulators investigated Temu on suspicion of false advertising and unfair ppractices, according to the Yonhap news agency.

Persons: Nomura, PDD, Colin Huang, Pinduoduo, Alibaba’s Taobao, Morgan Stanley, ”, Lei Chen, Chen Organizations: Hong Kong CNN — PDD Holdings, Revenue, Nasdaq, Bloomberg, Data Locations: Hong Kong, Shanghai, “, PDD’s, Alibaba, Hangzhou, Beijing, China, European

☆ I went to the NYC-Dublin Portal looking for filth and debauchery. All I got was some tourists and kids.
▼ + stars: | 2024-05-23 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +4 min

The first thing to know about The Portal is that you will feel a strange, overwhelming urge to take out your phone and gaze at it through your phone's screen. Isn't it more interesting to try to interact with those people instead of staring at them through your phone? It feels almost protective — like The Portal is a light so bright you have to view it only through a phone screen, like looking at a solar eclipse through a hole in a cereal box. The Dublin Portal had a bigger crowd than the one in NYC. The Portal in New York is right on 23rd and Broadway, near some seating and a coffee stand.

Persons: Katie Notopoulos Organizations: Service, Business, New, Dublin, Broadway, Yorkers, Dubliners Locations: New York City, Dublin, Flatiron, Manhattan, New York, —

☆ Here are Thursday's biggest analyst calls: Nvidia, Tesla, Ford, Super Micro, Wendy's, Hasbro, Take-Two, Wynn & more
▼ + stars: | 2024-05-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Bank of America reiterates Nvidia as buy Bank of America raised its price target on the stock to $1,320 per share from $1,100 following earnings. Deutsche Bank initiates Freshpet a buy Deutsche said it sees "multiple structural tailwinds" for shares of the pet food and health company. Deutsche Bank initiates BellRing Brands as buy Deutsche said it sees a long runway for growth for the food company. " Deutsche Bank initiates Legend Biotech as buy Deutsche said it's bullish on the biotech company's multiple myeloma drug Carvykti. Bank of America reiterates Super Micro Computer as buy Bank of America said Nvidia's earnings report on Wednesday bode well for companies like Super Micro.

Persons: Bernstein, Ford, Morgan Stanley downgrades NetEase, Morgan Stanley, Evercore, BRBR, Wedbush, Jefferies, GDRX, Oppenheimer, Armour, Kevin, Dell, Chubb, Stephens, FHN, Tesla, Argus, it's bullish, bode Organizations: " Bank of America, Nvidia, Bank of America, Deutsche Bank, Deutsche, BellRing Brands, JPMorgan, Hasbro, RBC, Norfolk Southern, NSC, GE Vernova, GE, UBS, Eastman Chemical, Eastman, SAP, underperform Bank of America, Berkshire Hathaway's, of America, Rockstar Games, NextEra Energy Partners, Argus, Wynn, Biotech, Computer Locations: U.S, China, Berkshire, Macau, Las Vegas, 2H24

☆ Amazon’s new cloud boss inherits a business under pressure to keep pace in AI
▼ + stars: | 2024-05-23 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +12 min

"It's very early days in generative AI," said Jassy, who succeeded Jeff Bezos as CEO in 2021. Davidson, told CNBC that Amazon was "caught flat-footed" by the generative AI boom. During a Q&A session on Wednesday, Jassy was asked twice about the status of Amazon's generative AI efforts. He said the company is "seeing a lot of momentum" in generative AI within AWS to where it's now a multibillion-dollar business based on annualized revenue. Amazon has previously said it intends to use generative AI to make Alexa more conversational.

Persons: Noah Berger, Andy Jassy, OpenAI's ChatGPT, Adam Selipsky, Jassy, Jeff Bezos, Matt Garman, Gil Luria, Davidson, Luria, Bezos, Selipsky, Casey McGee, McGee, Anthropic, Dario Amodei, OpenAI, it's, Garman, Amazon, wasn't, Dilip Kumar, Kumar, Swami Sivasubramanian, Jamie Meyers, Meyers, Matt, Jordan Novet, Kate Rooney Organizations: Web Services, Getty, Amazon, Microsoft, Google, D.A, CNBC, Amazon Web, Alexa, AWS, Nvidia, ChatGPT, Accenture, Toyota, Nasdaq, Investments Locations: Las Vegas, Vegas, Bezos, Anthropic

☆ A beaten-up video game stock primed to make another run at its record high, according to the charts
▼ + stars: | 2024-05-23 | by ( David Keller | ) www.cnbc.com time to read: +3 min

We're using the closing prices here to make it easier to detect a "bullish momentum divergence," which is where prices are trending down, but price momentum is actually trending higher. This disagreement between price and momentum often occurs at market lows and can serve as an important indicator of a trend rotation. In August-September 2023, this bullish divergence led to a 20% rally into year-end 2023. Off the COVID low in 2020, we've seen fairly consistent support around $110, which was last tested in March 2023. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: we've, David Keller Organizations: Arts, EA, Electronic Arts, RSI, CMT

☆ Stock market today: Indexes pop after Nvidia's blowout earnings report
▼ + stars: | 2024-05-23 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

Stocks jumped Thursday with investors feeling buoyant after Nvidia's big first-quarter earnings report. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks moved higher on Thursday, with investors cheering another blowout earnings report from chip giant Nvidia. The company, whose chips are at the heart of the artificial intelligence boom, beat on both revenue and earnings. It reported $26.04 billion in revenue versus analyst estimates of $24.65 billion, and earnings per share of $6.12, compared to estimates of $5.59.

Persons: Stocks, Raphael Bostic, —, Blackwell, AI Jensen, Dan Ives Organizations: Atlanta Fed, Service, Nvidia, Securities, Microsoft, Atlanta Federal Reserve, Here's

☆ I waited in line for 5 hours at Something About Her, the new 'Vanderpump Rules' restaurant, but never even got a sandwich.
▼ + stars: | 2024-05-23 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +12 min

Cersei's Walk of Atonement this was not, but I couldn't believe how long I'd waited to try a sandwich. AdvertisementBut much like "Vanderpump Rules," the reality show that made Madix and Maloney famous, the opening day of their restaurant was exciting, tumultuous, and full of some surprising friendships. Something About Her has been 2 years in the makingMaloney and Madix first announced they were joining forces to open a sandwich shop in 2022, joining the growing "Vanderpump" restaurant universe. TomTom — the bar Vanderpump launched with Tom Schwartz and Tom Sandoval, the respective exes of Maloney and Madix — is a four-minute walk away. Hours 3-4: Sold-out sandwichesWe had now been in line for the length of an average Martin Scorsese movie.

Persons: —, Ariana Madix, Katie Maloney's, …, Maloney, Madix, Lisa Vanderpump, TomTom, Tom Schwartz, Tom Sandoval, Schwartz, Jax Taylor's, Katie Maloney, Phillip Faraone, Sandoval, Raquel Leviss, Roxie Hart, Anneta, Bravo, Kat, Viola, Reese, Meg, Peter Madrigal —, he's, Martin Scorsese, Sarah Fraser, James Kennedy, costars, Cameron, Kate, Nancy, Teri, We'd Organizations: Service, Business, Sandy's, LA's West Hollywood, TMZ Locations: Los Angeles, West Hollywood, LA's West, Chicago, LA, Australia, California

☆ 'Zoomtown' slowdown: 18 cities where rents have plummeted from their pandemic peak
▼ + stars: | 2024-05-23 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

That figure was 0.7%, or $12, less than in 2023 but is still 22.5% higher than the pre-pandemic rent rate of $1,407 in April 2019. Advertisement18 cities where rents have fallenRenting is also much more affordable than it was during the pandemic peak. The typical Austin apartment in April went for $1,494, which is down 11.5% — or nearly $200 — from the peak rent of $1,689 in September 2022. Below are the 18 US cities, many of which became Zoomtowns during the pandemic, where apartment prices are down at least 5% from their post-2019 peak. Along with each is its median rent in April, year-over-year rent change, peak rent, and change from that peak rent figure.

Persons: —, Realtor.com, Jiayi Xu, Xu, Austin Organizations: Service, Business, Star Locations: Austin

☆ UK-supplied drones have destroyed over $1.2 billion of Russian military gear in Ukraine, says UK official
▼ + stars: | 2024-05-23 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +2 min

Read previewUK drones given to Ukraine have been used to take out more than $1.2 billion worth of Russian military gear, according to the UK's defense secretary, citing Ukrainian figures. "Our Ukrainian partners conservatively estimate that UK drones have destroyed over £1 billion worth of Russian hardware," Grant Shapps told a delegation of Ukrainian ministers at a defense forum in London on Monday, per The Telegraph. Related storiesHe also mentioned one-way attack drones that are "making their mark," and drones that guide artillery and missiles toward Russian targets. In March, the UK's Ministry of Defence announced it would deliver an additional 10,000 drones to Ukraine, as part of its latest $413 million military aid package. In February, Ukraine announced it was setting up a separate branch of its military focused purely on drone warfare.

Persons: —, Grant Shapps, Shapps, DragonFire — Organizations: Service, Business, UK's Ministry of Defence, UK Ministry of Defence Locations: Ukraine, London, Russia, Crimea, Dnipro

☆ Hedge funds loaded up on financial and tech stocks in the first quarter—Here's what they picked
▼ + stars: | 2024-05-23 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Hedge funds added more exposure to financial and tech names in the last quarter, according to Morgan Stanley. Castagno highlighted that in the last quarter, hedge funds seemed to shift their portfolio allocations toward the information technology and financials sectors, moving away from health care. However, hedge funds still remain most overweight stocks within the health care, consumer discretionary and industrials industries. Hedge funds have recently increased their ownership shares in retailer Bath & Body Works by 2.5%. Wolfe Research upgraded shares of Alaska Air Group to outperform from peer perform last Friday.

Persons: Morgan Stanley, Todd Castagno, Castagno, A.J, — CNBC's Michael Bloom Organizations: Securities and Exchange, Universal Health Services, UBS, Body, JPMorgan, Airline, Alaska Air Group, Wolfe Research, TPG, DXC Technology, Avis Budget Group Locations: Rice, Bath, Coast

Search resuls for: "12"

25 mentions found