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☆ Dilemma on Wall Street: Short-Term Gain or Climate Benefit?
▼ + stars: | 2024-06-20 | by ( Lydia Depillis | ) www.nytimes.com time to read: +1 min

A team of economists recently analyzed 20 years of peer-reviewed research on the social cost of carbon, an estimate of the damage from climate change. They concluded that the average cost, adjusted for improved methods, is substantially higher than even the U.S. government’s most up-to-date figure. That means greenhouse gas emissions, over time, will take a larger toll than regulators are accounting for. In fact, the news from Wall Street lately has mostly been about retreat from climate goals, rather than recommitment. Banks and asset managers are withdrawing from international climate alliances and chafing at their rules.

Locations: Banks

Chang emphasized the need to strengthen the extended deterrence power of the South Korea-US alliance and the South Korea-US-Japan security cooperation system to address North Korea’s nuclear weapons and missiles. Currently, South Korea’s policy is not to provide lethal weapons to Ukraine. Nikoletta Stoyanova/Getty ImagesReports from earlier in the war say South Korea may have provided 155mm artillery shells to the United States to replace 155mm rounds sent to Ukraine. “Public reports suggest South Korea has around 3.4 million 105mm artillery shells,” the CSIS report said. Earlier on Thursday, Japan’s Chief Cabinet Secretary Yoshimasa Hayashi also expressed strong concern about the agreement signed by Russia and North Korea.

Persons: Vladimir Putin, Kim Jong Un, “, ” Putin, Kim, Chang Ho, ”, ” Chang, Chang, Putin, Nikoletta Stoyanova, Yoshimasa Hayashi, Putin “, ” Hayashi Organizations: CNN, Democratic People’s, DPRK, UN Security Council, CNN South, National Security, Korean, 57th Motorized Brigade, Getty, Center for Strategic, International Studies, “, CSIS, UN, Japan’s Locations: Korea, Ukraine, Seoul, Russia, North Korea, DPRK, Democratic People’s Republic, Republic of Korea, South, South Korea, Japan, Vovchansk, Kharkiv Region, United States, Kyiv, Vietnam, Ukrainian

☆ Climate change: Fossil fuel use and emissions hit record highs as world struggles with deadly heat, storms and fires
▼ + stars: | 2024-06-20 | by ( Laura Paddison | ) edition.cnn.com time to read: +5 min

Last year was “another year of highs in our energy hungry world,” said Juliet Davenport, president of the Energy Institute. Overall, the proportion of fossil fuels in the 2023 global energy mix remained largely the same at 81.5%, down just 0.5% from the previous year. India’s fossil fuel consumption was up 8% last year and, for the first time ever, the country used more coal than Europe and North America, combined. Dhiraj Singh/Bloomberg/Getty ImagesIn China, fossil fuel use soared to a new record high in 2023, up by 6%, as the end of its extended Covid lockdowns led to a rebound in fossil fuels. Fossil fuel use in major advanced economies is likely to have peaked and is beginning to fall, it found.

Persons: ’, Sharma, Anthony Behar, SIPPL, ”, Juliet Davenport, Dhiraj Singh, lockdowns, Simon Varley, Dave Jones Organizations: CNN, Energy Institute, Getty, “, US, Bloomberg, Resources, KPMG Locations: Mecca, Saudi Arabia, India, New Delhi, Queens, New York City, NY, Europe, North America, Visakhapatnam, Andhra Pradesh, China, Paris

☆ When my kids were little, I wrote short snippets capturing our daily lives. Now they're teens, and this window into our past is priceless.
▼ + stars: | 2024-06-20 | by ( Eileen Hoenigman Meyer | ) www.businessinsider.com time to read: +4 min

Read previewIt took me almost a year to calculate that my kids, Sylvia and Nico, were 15 months apart. Life with little kids is as overwhelming as it is glorious. AdvertisementI bought a little notebook for each kid, and I started writing short snippets about them whenever I could steal a minute. AdvertisementI stopped writing in their notebooks when the kids started school. But these little snippets offer us a glimpse of what it felt like to be there early in the morning, at dinner time, and in the middle of the night.

Persons: —, Sylvia, Nico, that's, Greg, they've Organizations: Service, Business

☆ North Korea rolls out the red carpet for Putin as West fears nuclear implications
▼ + stars: | 2024-06-19 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Russia's President Vladimir Putin is greeted by North Korea's leader Kim Jong Un during a welcoming ceremony at an airport in Pyongyang, North Korea June 19, 2024. Gavriil Grigorov | Via ReutersRussian President Vladimir Putin was met with a grand reception in Pyongyang, North Korea on Wednesday amid concerns from Western officials about the two nuclear-armed countries' growing relationship. North Korean state TV showed the two leaders warmly embracing on a red carpet outside Pyongyang International Airport after Putin landed around 2:45 a.m. local time, kicking off his first visit there in 24 years. During their initial meeting, the Russian and North Korean leaders shared their "pent-up inmost thoughts" and agreed to further develop their nations' relations, state media KCNA reported. "We are, of course, also concerned about the potential support that Russia provides to North Korea when it comes to supporting their missile and nuclear programs," said Stoltenberg.

Persons: Vladimir Putin, North, Kim Jong Un, Gavriil, Putin, Kim Jong Un's, Jens Stoltenberg, Stoltenberg, Antony Blinken Organizations: Reuters, Pyongyang International Airport, NATO, U.S Locations: Pyongyang, North Korea, Russia, North, Eurasia, Ukraine, China, Iran, Antony Blinken .

☆ I was born and raised in Honolulu. Here are 7 things I wish tourists knew before they visited Hawaii.
▼ + stars: | 2024-06-18 | by ( Jennifer Adams | ) www.businessinsider.com time to read: +5 min

Here are seven things I wish people knew before they visited Hawaii so they can be educated, more responsible tourists. In fact, according to census data obtained in September 2023, more Native Hawaiians live on the mainland than in the Hawaiian Islands. Hawaii used to be its own kingdom until the Hawaiian monarchy was overthrownBefore becoming the 50th state, Hawaii was a thriving sovereign nation. In Hawaii, 'aloha' has a much deeper meaning than 'hello'You may know that "aloha" is used as a greeting to mean "hello" or "goodbye." So, if you do plan on visiting Hawaii, it's important to also have aloha for the land and its people.

Persons: —, Jennifer Adams, Queen Liliuoukalani, Linka A Odom Organizations: Service, Business, Tourism, CBS Locations: Honolulu, Hawaii, Alaska, Japan, Hawaiian

Steve Cohen, chairman and CEO of Point72, speaking to CNBC on April 3, 2024. The firm is aiming to raise $1 billion, with Cohen himself and Point72 employees expected to contribute, the person added. He has called AI a "really durable theme" for investing, comparing the rise to the technological developments in the 1990s. I think the markets are discounting some of what we … think AI is going to do for companies," the Point72 founder said in a CNBC interview in April. Cohen said his investment firm found a way to save $25 million by using large language models such as ChatGPT to improve efficiency.

Persons: Steve Cohen, Steve Cohen's Point72, Cohen, Point72 Organizations: CNBC, Bloomberg News, Nvidia, Mets

☆ US sounds alarm over Chinese and North Korean support for Russia’s war in Ukraine
▼ + stars: | 2024-06-17 | by ( Stephen Collinson | ) edition.cnn.com time to read: +5 min

But the reality is that China’s fueling the largest armed conflict in Europe since World War II,” Stoltenberg said at The Wilson Center. The idea of an anti-US front among Russia, China, North Korea and Iran has long preoccupied foreign policy experts in Washington. In March, US Director of National Intelligence Avril Haines told Congress that Russia’s need to replenish its military supplies had forced it to grant “long-sought concessions” to North Korea. “What is Russia going to provide in exchange to North Korea, hard currency? So, we know that they are using DPRK ammunition to threaten Ukraine and kill Ukrainians,” he said.

Persons: Joe Biden, Vladimir Putin’s, Volodymyr Zelensky, Biden, Zelensky, Xi Jinping, ”, Jens Stoltenberg, “, Xi, ” Stoltenberg, Putin, Kremlin, Kim Jong Un, of National Intelligence Avril Haines, Kurt Campbell, Kim, ” Campbell, Matthew Miller, John Kirby, ” Kirby, “ We’re, ” Putin Organizations: CNN, NATO, Washington, “ Publicly, The Wilson, “, of National Intelligence, Stimson, ”, House Locations: Ukraine, Russian, China, Ukrainian, Italy, Russia, Beijing, Moscow, Europe, North Korea, Iran, Washington, Pyongyang, Korea, Northeast Asia, Korean, North

☆ Athlete marketing is booming with the evolution of NIL and creating new career paths
▼ + stars: | 2024-06-17 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +6 min

NIL has created career paths for college athletes and brand-deal managers. NIL has also created career paths for college athletes, some of whom are building businesses as influencers and content creators or getting jobs in social media and marketing rather than going pro. It's important for schools that want to be involved in NIL deals to engage in sports marketing and sourcing deals for athletes, he added. Connor Printz, a former Division III basketball player at Claremont McKenna College, has landed over 100 NIL deals. It's not just student-athletes who are benefitingNIL isn't creating more career opportunities only for college athletes.

Persons: —, Caitlin Clark, Clark, Bronny James, Olivia Dunne —, Garrett Yaralian, influencers Dunne, she's, Dunne, Yaralian, TikTok, Sam Hurley, Hurley, Connor Printz, Chase Griffin, Griffin, It's, Drew Glover Organizations: Service, WNBA, Nike, Wall Street, NCAA Division, State, NCAA, —, University of Southern California, Louisiana State University, WME Sports, Brands, University of Texas, Fund, Division III, Claremont McKenna College, University of California, Sports, Texas, OneTeam Partners, University of Georgia Athletic Association, . Venture, Fiat Ventures Locations: Instagram, Austin, Los Angeles

☆ Inside Schonfeld's macro shake-up: Research turnover, PM changes, and a shift away from big bets
▼ + stars: | 2024-06-17 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A move away from big-time directional strategies is not a surprise. Plenty of funds that made their name on bold macro predictions have been humbled in the last 18 months. At Schonfeld, macro is still somewhat new for the firm. Several people familiar with the firm told Business Insider that he lost money while at the manager.

Persons: —, Colin Lancaster, Brent Cook, Eisler, Igor Ninkovic, Jaime Valle, Jerome Saragoussi, Ben Melkman, Brevan Howard, Jordan Barnes, Rahul Mehra, Karthikeyan, Yasmin Sahin, Said Haidar's, Sharpe, Lancaster, Melkman, Marc Tishfield Organizations: Service, Business, United Arab Emirates, Schonfeld, Bridgewater, Barclays, Citi, Matador Investment Management, Millennium Locations: York, Europe, Dubai, London, Bridgewater, Melkman, Schonfeld, New York

☆ Oil prices rise after booking best week since April as traders sift through China economic data
▼ + stars: | 2024-06-17 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Crude oil futures rose Monday following their best week since April as traders sifted through mixed economic data out of China. U.S. crude oil and global benchmark Brent closed out last week nearly 4% higher, as analysts expect the market to tighten in the third quarter as summer fuel demand draws down inventories. Oil stockpiles should fall by 850,000 barrels per day in the third quarter, said Helima Croft, head of global commodity strategy at RBC Capital Markets. "It's more of a sense that this market is likely to get tighter as we go deeper in summer," Croft told CNBC's "Closing Bell Overtime" on Friday. Here are today's energy prices:"After three weeks of losses the oil complex finally made amends and gained some traction," said Tamas Varga, analyst at oil broker PVM.

Persons: Helima Croft, Croft, CNBC's, Tamas Varga Organizations: Brent, RBC Capital Markets Locations: China . U.S

☆ ‘Wheatfield’: Agnes Denes has reimagined her landmark artwork
▼ + stars: | 2024-06-17 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +10 min

Out west, Denes hopes to plant seeds of community with the help of the project’s host, Tinworks, an arts organization in the rapidly developing city of Bozeman. “Wheat is wonderful — it sustains humanity and is probably the most planted food next to rice. Jenny Moore/TinworksSome 200 packets of wheat were also distributed among Bozeman residents to grow concurrently with Denes' field. “Can you imagine if I could have realized 20 or 30?”Sowing seeds for changeAs with “Wheatfield,” seeds have often served as potent symbols for Denes. Courtesy Agnes Denes/Leslie Tonkonow Artworks + ProjectsWith “Wheatfield – An Inspiration,” like with all her work, Denes strives for nuance and to engender change through visitors and participants who take something meaningful from the work.

Persons: Agnes Denes, —, CNN —, Denes, Bozeman . Wheat, ” Denes, ”, Blair, Jenny Moore, Tinworks, Kenny Van Dyke, “, ” Moore, Agnes, Moore, I’d, it’s, Leslie Tonkonow, … Organizations: CNN, Art Basel, Bozeman ., Bozeman, Tinworks, Montana, “ Locations: Lower Manhattan, Montana, Wheatfield, Budapest, New York, Battery Park City, Milan, Switzerland, Bozeman, Montana State, Ylojarvi, Finland, ”, Sullivan County , New York, Lewiston, Niagara, Long Island , New York, Kassel, Germany, Istanbul, Egypt, Queens , New York, “ Wheatfield

☆ Ukraine's new drone boats are armed with heat-seeking missiles to scare off Russian aircraft, commander says
▼ + stars: | 2024-06-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewUkraine has armed its naval drones with heat-seeking missiles, giving the systems a major upgrade that will allow them to target Russian aircraft patrolling around the Black Sea. "Such developments are effective — Russians are very afraid of them," the commander of "Group 13," a special HUR unit dedicated to operating the naval drones, said in a recent interview. AdvertisementA Ukrainian Magura V5 drone is seen on water during an exhibition of military equipment and weapons at an undisclosed location on April 13, 2024. Moscow, largely unable to stop Ukraine's unrelenting naval drone attacks, has turned to combat aircraft to patrol the waters and protect its warships. Kyiv has relied on its fleet of naval drones, as well as long-range missiles, to inflict these losses.

Persons: —, HUR, Archer, Lloyd Austin Organizations: Service, Ukrainian, Directorate of Intelligence, Business, REUTERS, NATO, Sukhoi, MiG, Black, Grad, US Locations: Ukraine, Soviet, Moscow, Ukrainian, Kyiv

☆ ALICEs, DINKs, HENRYs, and More: a Complete Guide
▼ + stars: | 2024-06-17 | by ( Erin Snodgrass | Jacob Zinkula | ) www.businessinsider.com time to read: +17 min

But the terms' recent popularity suggests people want to understand how they fit into the broader economy beyond standard measurements. But that, too, is uncertain: She said she was "dangerously close" to losing the aid because her income is too high. ALICEs tend to be older or younger workers, and while they're represented across racial groups, they're more likely to be Black or Hispanic. HIFI: High Income, Financially InsecureHIFI is the latest acronym to join the club. In a 2021 Medium post, Erica Dhawan defined "geriatric millennials" as millennials born in the early 1980s.

Persons: ALICE, HENRY, Kory, Anthony Klotz, Kantenga, DINK, They've, they've, Eric Anicich, Henry, Alice, haven't, Sarah, she's, — there's, they're, Carrie, Gen Zers, Brenton, Mirlanda, Neiman Marcus, Katie Notopoulos, Paige Connell, Connell, Chrissy Arsenault, Arsenault, Jimmy Simpson, who've, Rich, Christopher Stroup, Stroup, HIFIs, Erica Dhawan, Dwahan, Louis, —, Jewel Benjamin, Benjamin, micromanaging, Erin Snodgrass, Jacob Zinkula Organizations: FIRE, Business, LinkedIn, Texas, USC Marshall School of Business, : Asset, SNAP, Los Angeles Times, DINKs, Public School, Financial Independence, Sherwood News, Federal Reserve Bank of St, Federal Reserve, University of Michigan Health, Social, Social Security Locations: POLK, City, Dallas, Boston, Massachusetts, Colorado, Santa Monica , California, millennials, Georgia

☆ Travel news: Sardinia offers free accommodation to young hikers
▼ + stars: | 2024-06-15 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. CNN —In travel news this week, new hiking programs in Italy, America’s best restaurants and chefs and how to bear-proof your picnic. Hiking in ItalyThe Proclaimers were willing to walk 500 miles for their dream, but the under-35s only have to embark on a 500-kilometer (311-mile) walking route to qualify for three nights’ free accommodation in Sardinia, Italy. The accommodation vouchers are valid from September 15 to the end of the year, so start planning now. CNN Travel celebrates the best barbecue from around the world.

Persons: James Beard, CNN It’s, Yogi Bear, they’re, It’s Organizations: CNN, Palma de Mallorca Airport, Austrian Airlines, Palma de Mallorca, Oakland Zoo, China Eastern Airlines, CNN Travel Locations: Italy, Sardinia, Cammino, Santa Barbara, Chicago, Denmark, French Polynesia, India, Nepal, Greece, China, Spain, Austrian, Palma, Vienna, Austria, California, Florida

☆ Inside America's Fastest-Growing City, a Little-Known Gem in Texas
▼ + stars: | 2024-06-15 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +12 min

Just about 41 miles north of Dallas lies Celina, a small North Texas town that is America's fastest-growing city. Downtown Celina, Texas. Their metamorphosis into sprawling suburban metropolises has been greatly influenced by the ongoing expansion of the North Texas Tollway, which has increased accessibility to the previously remote cities. AdvertisementNew businesses are moving into the cityWith more people living in the city, Celina's economy is also growing as local businesses and services benefit from increased demand. However, Joe Monaco, director of marketing and communications for the city of Celina, told BI that there were "countless volunteers who came out."

Persons: There's, Katy, Ryan Tubbs, Celina, Celina Alcynna Lloyd, Taylor Morrison, Toll, Tubbs, Bankrate, Casas, Aaron Graham, Graham, They're, Tracy Miller, Celina —, Miller, Alcynna Lloyd, —, Sandy Lewis, It's, Celina ., Joe Monaco Organizations: Business, Downtown, Houston, homebuying, North Texas Tollway, Tollway, North Texas Tollway Authority, Celina, Highland Homes, Texans, Homes, Olympic, JC, Real, Group, Mustang, Highland, Little Elm, Troubadour, Celina's, Centurion American Development Group, Dallas, WFAA Locations: Dallas, Celina, North Texas, Collin County, Texas, California, Florida, Georgia , Illinois, Missouri, Africa, Asia, Central America, Europe, Downtown Celina , Texas, Celina Texas, United States, Austin, Celina , New Braunfels, Prosper, Frisco, Plano, Frisco ., Highland, Celina —, Wilson Creek, Cambridge, East Coasts, New York

☆ The Fastest-Growing City in the US Is a Tiny Spot No One's Ever Heard of
▼ + stars: | 2024-06-15 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +12 min

About 40 miles north of downtown Dallas lies America's fastest-growing city: Celina, Texas. Highland Homes, which specializes in luxury homes within master-planned communities, has built several neighborhoods in Celina since 2020. Downtown Celina, Texas. New businesses are moving into the cityWith more people living in the city, Celina's economy is also growing as local businesses and services benefit from increased demand. However, Joe Monaco, director of marketing and communications for the city of Celina, told BI that there were "countless volunteers who came out."

Persons: Katy, Ryan Tubbs, Celina, Prosper, Alcynna Lloyd, Taylor Morrison, Toll, Bankrate, Casas, Aaron Graham, Graham, wasn't, Redfin, They're, Tracy Miller, Celina — it's, Miller, Tubbs, Dallas —, Sandy Lewis, It's, Joe Monaco Organizations: America's, Business, Houston, North Texas Tollway, Tollway, North Texas Tollway Authority, Celina, Highland Homes, Texans, Olympic, JC, Real, Group, Highland, Dallas, Troubadour, Development Group, WFAA Locations: downtown Dallas, Celina , Texas, Celina, Collin County, Texas, California, Florida, Georgia , Illinois, Missouri, Africa, Asia, Central America, Europe, Celina Texas, United States, Austin, Dallas, Celina , New Braunfels, North Texas, Frisco, Plano, Frisco ., Prosper, Highland, Celina ., Mustang, Cambridge, Wilson, Celina's, East Coasts, New York, Little Elm , Texas

☆ For Gay Catholics and Supporters, a ‘Sense of Whiplash’ Over Pope’s Reported Use of Slur
▼ + stars: | 2024-06-14 | by ( Amy Harmon | ) www.nytimes.com time to read: +1 min

This was the pope who asked, “Who am I to judge?” in response to a question about gay priests in 2013. He announced last year that he would allow priests to bless same-sex couples, defying conservative critics in the Roman Catholic Church. And he apologized only weeks ago, in a statement from the Vatican, for using an offensive Italian term for gay men at a conference of bishops. Catholics by the church said his remarks, made in reference to the presence of gay men in seminaries and the clergy, showed the limits of his tolerance. Catholic ministry based in New York, who, like many gay Catholics, has struggled with his relationship to the church.

Persons: “, Pope Francis, ”, Michael O’Loughlin, I’ve Organizations: Roman Catholic Church, L.G.B.T.Q Locations: Rome, New York

☆ MLB umpire Pat Hoberg disciplined for violating gambling rules
▼ + stars: | 2024-06-14 | by ( Ken Rosenthal | Evan Drellich | ) www.nytimes.com time to read: +5 min

Major League Baseball said Friday night it has disciplined umpire Pat Hoberg for violating the league’s gambling rules, and that he is being held out of games during this season while an appeal is considered. Multiple players have been punished for gambling violations, including Tucupita Marcano, who got a lifetime ban for betting on baseball. Now, an umpire has been punished, with Hoberg becoming the only known umpire in recent history to have been disciplined for a matter related to gambling. “During this year’s Spring Training, Major League Baseball commenced an investigation regarding a potential violation of MLB’s sports betting policies by Umpire Pat Hoberg,” MLB said in a statement. AdvertisementThe most severe is that anyone found to have gambled on a baseball game they are directly tied to — “any baseball game in connection with which the bettor has a duty to perform,” as the rules formally put it — is to be banned permanently from the game.

Persons: Pat Hoberg, Tucupita Marcano, Shohei, Ippei Mizuhara, Hoberg, Glen Caplin, “, ” Hoberg, “ Mr, Rob Manfred, David Fletcher, Mizuhara, Tim Donaghy, Steph Chambers Organizations: Major League Baseball, MLB, ESPN, Major League Baseball Umpires, Hoberg, North, Supreme, Baseball Locations: U.S

☆ Bank of Japan set to reduce JGB purchases, stands pat on interest rate
▼ + stars: | 2024-06-14 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

The Bank of Japan is largely expected to hold interest rates steady at the end of its 2-day meeting ending June 14, 2024. The Bank of Japan kept its benchmark interest rate unchanged on Friday, but indicated it's considering the reduction of its purchase of Japanese government bonds. The central bank left short-term rates unchanged at between 0% to 0.1% at the end of its two-day policy meeting, as widely expected. But notably, the bank said in its statement it could reduce its purchases of Japanese government bonds after the next monetary policy meeting, scheduled for July 30 and 31. Purchases of JGBs, commercial paper and corporate bonds will also continue as decided in the March monetary policy meeting.

Persons: Nakamura Toyoaki, Toyoaki, JGB Organizations: Bank of Japan, The Bank of Japan, U.S ., Nikkei Locations: Tokyo

☆ Steve Eisman says this is one of the more interesting things on the AI boom he's heard in a long time
▼ + stars: | 2024-06-13 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Steve Eisman of "The Big Short" fame said a new thesis derived from the artificial intelligence boom has caught his attention. "You can make an argument that the revaluation of hardware is going to continue and that some parts of software will derail." But it's one of the more interesting things that I've heard in a long time," Eisman said. 'Hidden AI play' The widely followed investor has been closely tracking AI developments in the market. Apple announced it would weave generative AI technology across its native apps and latest devices, with features ranging from writing-assistance technology to generative AI-generated emojis.

Persons: Steve Eisman, Neuberger Berman, Eisman, I've, shorting, Michael Lewis's, Apple, Tim Cook Organizations: Apple, Microsoft, Oracle

☆ The US needs to build 2 million houses to revive the American dream of homeownership
▼ + stars: | 2024-06-13 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

A shortage of 2.2 million homes suggest the US housing market will remain unaffordable. The research firm said a shortage of 2.2 million homes is compounding the US housing market's affordability issues. Related stories"Since 2015, we have been warning about a chronic housing shortage, leading to a supply/demand imbalance. Rising development prices across the board suggest to NDR that housing supply will remain constrained for years to come. "The wave of immigrants has not seemed to impact the supply/demand balance for workers, a traditional area for Latino immigrants," NDR said.

Persons: —, Ned Davis, Joseph Kalish, Veneta Dimitrova, Powell Organizations: Service, Ned Davis Research, NDR, Federal Reserve

☆ Luxury developer Michael Shvo has big plans. Bitter disputes and a soft real estate market threatens to thwart them.
▼ + stars: | 2024-06-13 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +15 min

Amid the whirlwind of activity, the 51-year old, Israel-born executive has presented himself as a real estate visionary with a personal preference for all-black attire and a taste for luxury brands. BVK recently hired the residential brokerage firm Corcoran Group to complete a market study of the Fifth Avenue project, a person who viewed the report said. Miller noted he did not have direct knowledge of the situation at 685 Fifth Avenue. At 685 Fifth Avenue, he recently marked down prices for some of the units. In contrast, the Shore Club, which is being built by the New York real estate developer Steve Witkoff just a few hundred yards away from the Raleigh has pre-sold briskly.

Persons: —, Michael Shvo, Shvo, Peter Marino, Norman Foster, Renzo Piano, BVK, Corcoran, Jonathan Miller, Miller Samuel, Miller, Pam Liebman, Corcoran's, Truist, Michael Lirtzman, Akuna, Lirtzman, I've, Scott Wadler, Wadler, Jed Jacobsohn, John Goodman, Diane, –, Goodman, profanely, Serdar, Shvo's, Bilgili, Deutsche Finance didn't, Alex Miranda, I'm, Steve Witkoff, Morgan Chase Organizations: Service, Bayerische, Deutsche Finance, Business, GFI, Group, Shvo, Wabash, Akuna, Colliers, Wabash –, Raleigh, Core, New York State, Noë, Associates, West, Bilgili, BVK, Shore Club, New Locations: New York, Manhattan's Plaza, Los Angeles, Miami Beach, Raleigh, Israel, Wilshire, LA, Manhattan, Chicago, Miami, Paris, South Florida, San Francisco, Manhattan's, Turkish, BVK, Wabash, Shvo, Munich

☆ Senate GOP blocks bill to guarantee access to IVF nationwide
▼ + stars: | 2024-06-13 | by ( Clare Foran | Ted | ) edition.cnn.com time to read: +5 min

CNN —Senate Republicans voted Thursday to block a bill put forward by Democrats that would guarantee access to in vitro fertilization nationwide. They want to get rid of IVF, they’re afraid to say it.”Biden attacked Senate Republicans after the vote. “And just last week, Senate Republicans blocked nationwide protections for birth control. Last week, Senate Republicans voted to block a Democrat-led bill that would guarantee access to contraception. Cruz and Britt attempted to pass their IVF legislation on the Senate floor Wednesday through a unanimous consent request, but Democrats blocked the effort.

Persons: Republican Sen, John Cornyn of, Roe, Wade, Chuck Schumer, MAGA, Dobbs, ” Schumer, CNN’s Erin Burnett, ” Biden, “, Democratic Sens, Patty Murray, Tammy Duckworth of, Cory Booker of, Lisa Murkowski, Susan Collins of, Katie Britt, Alabama, Ted Cruz of, Joni Ernst of, Cruz, Britt, Murray, CNN’s Kaanita Iyer, Sam Fossum, Morgan Rimmer Organizations: CNN, Democrat, Republican, Republicans, Democratic, Tammy Duckworth of Illinois, Southern Baptist, Joni Ernst of Iowa, GOP Locations: John Cornyn of Texas, Washington, Cory Booker of New Jersey, Alaska, Susan Collins of Maine, Ted Cruz of Texas

☆ Luxury developer Michael Shvo has big plans. Bitter disputes and a soft real estate market threaten to thwart them.
▼ + stars: | 2024-06-13 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +15 min

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