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☆ NYC shuttered 80% of its Airbnbs in an attempt to make housing more affordable. All that's done so far is make hotels more expensive.
▼ + stars: | 2024-06-26 | by ( Eliza Relman | Dan Latu | ) www.businessinsider.com time to read: +8 min

Read previewLast September, New York City began enforcing its strict new regulations on short-term rentals. Since then, the number of legal short-term rentals listed on Airbnb and other platforms has plummeted. Impacts of the near-banLL18 was motivated by the city's housing affordability crisis, caused in large part by a severe housing shortage. Short-term rentals, including Airbnbs, can take homes that would otherwise be lived in full-time off the market, potentially exacerbating the housing shortage. But there's some evidence, including from Irvine, California, that restricting short-term rentals can reduce rents.

Persons: —, it's, Jamie Lane, Lane, hasn't, Klossner, LL18, Eric Adams, TIMOTHY A, CLARY, Scott Stringer, Airbnb, It's, Nathan Rotman Organizations: Service, Business, Mayor's, Criminal, Special, York City, Hotel, Former, Big Apple, New Locations: New York City, New, York, Irvine , California, New York

☆ North Korea's Kim Jong Un could get his hands on some worrying military tech in exchange for throwing Russia a war lifeline
▼ + stars: | 2024-06-26 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

Support from North Korea — in the form of weapons and ammunition — helps Russia keep up the pressure. KCNA via REUTERSOne of the biggest asks from Kim could be technology for nuclear-powered submarines, which North Korea is trying to build. North Korea currently maintains one of the world's largest fleets, with estimates ranging from 64 to 86 total subs. Much of the country's stockpiles date back decades, and US and South Korean officials have raised doubts about the effectiveness of these weapons. AdvertisementBut how this plays out is not all about what North Korea wants.

Persons: —, Kim Jong, Kim, Putin, Victor Cha, Kim Jae, Getty Images Putin, Cha, JUNG YEON, Kurt Campbell, There's, Scott Snyder, he's Organizations: Service, Business, Center for Strategic, International Studies, East, SOUTH, Getty Images, North Korea —, KCNA, REUTERS, Korean, Fighter, Korean People's Army, Reuters, Korea's Air Force, North, CSIS, Korea Economic Institute of America Locations: Korea, Ukraine, Moscow, Pyongyang, Russia, Asia, East Asia, North Korea, SEOUL, SOUTH KOREA, Yongsan, Seoul, Russian, South Korea

☆ Stocks making the biggest moves midday: Rivian Automotive, FedEx, Whirlpool and more
▼ + stars: | 2024-06-26 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

FedEx — Shares of the company moved more than 14% higher after topping Wall Street's fiscal fourth-quarter expectations . The shipping giant earned $5.41 per share, after adjustments, on $22.11 billion in revenue. Analysts polled by LSEG were expecting earnings of $5.35 per share and revenue of $22.07 billion. Aptiv — Shares of the automotive technology company plunged 10% following Piper Sandler's downgrade of the stock to underweight from neutral . Paychex posted adjusted earnings of $1.12 per share, which is above the $1.10 earnings per share that analysts polled by LSEG were expecting.

Persons: LSEG, Bosch, Piper, Mills, Paychex, Grindr, Campbell, —, Alex Harring, Lisa Kailai Han, Scott Schnipper, Sarah Min, Michelle Fox Organizations: Volkswagen Group, FedEx —, Whirlpool —, Reuters, Rivian, MNC Capital Partners, JPMorgan, Campbell

☆ People thought they might die when oxygen masks deployed on a United flight to Maui, passenger says
▼ + stars: | 2024-06-25 | by ( Kelsey Vlamis | Amanda Goh | ) www.businessinsider.com time to read: +4 min

This story is available exclusively to Business Insider subscribers. AdvertisementScott's wife, Lesley Scott, said the flight attendants urgently asked passengers to put the oxygen masks on, which they thought meant this was not a mistake and that something was actually wrong. AdvertisementIn a statement provided to Business Insider, United said: "A small number of oxygen masks inadvertently deployed during the flight. About a week prior, oxygen masks also "inadvertently deployed" on a transatlantic United flight from Paris to Washington, DC. AdvertisementBoeing did not immediately respond to a request for comment from Business Insider sent outside regular hours.

Persons: —, Ryan Scott, Scott, Lesley Scott, United Organizations: Service, Business, United, Kahului, Boeing, Business Insider Locations: Marin County , California, Hawaii, San Francisco, Maui, hyperventilating, Paris, Washington

☆ Fewer Americans are buying life insurance. Here's when you might need it
▼ + stars: | 2024-06-25 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Overall, the share of households with life insurance has "steadily" decreased since the early 1970s, according to the NAIC. That said, even as fewer people buy life insurance, "I do think there's a need for it," he added. What type of life insurance to buyThere are two broad types of life insurance: Term and permanent. Permanent life insurance, such as a whole or universal life policy, is meant to last throughout life. How much life insurance to getLuca Sage | Digitalvision | Getty Images

Persons: Knoll, Shapiro, Scott Shapiro, —, Luca Sage Organizations: Planning Center . Insurance, Getty, Illinois Department of Insurance, KPMG, Digitalvision

☆ Venture firms could be the latest target for AI disruption, and that's not the only threat to VCs
▼ + stars: | 2024-06-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at how AI could completely upend venture capitalism amid a wider shakeup for the industry . The generative AI boom was a welcome change for a venture industry looking for a new trend to back (and hopefully profit from). Some of the adjustments aren't novel to the VC industry. ACME Capital; Getty Images, Chelsea Jia Feng/BIThe VC industry might be doomed with or without AI. AdvertisementScott Stanford, a cofounder and partner at early-stage VC firm ACME Capital, told BI's Blake Dodge that half of today's VC firms will shutter in the next decade .

Persons: —, VCs zentilia, Jenny Chang, Rodriguez, Insider's Ben Bergman, Ben, Long, Scott Stanford, Chelsea Jia Feng, BI's Blake Dodge, Hany Nada, Jared Siskin, Bobby Jain's, Jonathan Barton, Jain, Rebecca Zisser, OpenAI, Apple, Elif, Jeff Bezos, Robert Winnett, Will Lewis, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Grace Lett, Amanda Yen Organizations: Service, Business, ACME, Getty, ACME Capital, Stanford, BI, Madison, Conservancy, Jain, EV, Ford, European, Regulators, Anadolu Agency, Getty Images, Washington, Harvard, Leagues Locations: today's, Wall, Saudi, Saudi Arabia, Europe, Brazil, Southeast Asia, London, American, Paris, New York, Chicago

☆ Behind Balyasny's training program that gives analysts a crash course in data science and AI
▼ + stars: | 2024-06-23 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

"Five, 10 years from now, it's going to be table stakes to know Python, to know a lot of these AI tools that are being generated today. And that's exactly what the 6-month program, called Bridger, strives to do. It gives sell-side analysts from research firms, investment banks, and consultancies the chance to build up their technical chops. The program also creates a pipeline of analysts at a time when investing talent among hedge funds is competitive and expensive. While learning to code was always part of the curriculum, this year it added AI skills to the program.

Persons: it'll, Will Scott, Scott, Bridger, Balyasny, Bridger alums, Stephen McGee, McGee, wasn't, Nicole Goldin's, Goldin Organizations: Service, Balyasny, Management, BAM, Bridger, JPMorgan, Columbia University Locations: Bridger

☆ Top Wall Street analysts recommend these stocks for the long haul
▼ + stars: | 2024-06-23 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Against that uncertain backdrop, Wall Street analysts are focused on identifying stocks with solid fundamentals and strong long-term growth prospects. In that climate, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Finally, Feinseth mentioned Microsoft's strong financial position, which supports enhanced shareholder returns and enables investments in the company's AI ambitions. The company's Zscaler Zero Trust Exchange platform securely connects users, devices and applications by protecting them from cyberattacks and data loss. Following the Zenith Live 2024 event, Baird analyst Shrenik Kothari reaffirmed a buy rating on Zscaler stock with a price target of $260.

Persons: Kevin Scott, TD Cowen, Helane Becker, Becker, TipRanks, OpenAI, Ivan Feinseth, Feinseth, Baird, Shrenik Kothari, Zscaler, Kothari Organizations: Microsoft, Technology, Artificial, Seattle Convention Center, Federal Reserve, Street, Delta Air, Delta Air Lines, DAL, Delta, Activision Blizzard, Zero, Zenith Locations: Seattle, Seattle , Washington, Toronto, Delta

CNN —American rapper Travis Scott was arrested and booked into Miami-Dade County Jail early Thursday morning, county jail records show. Scott, whose legal name is Jacques Bermon Webster, was booked into jail at 4:35 a.m. and is facing charges of trespassing property after being given a warning and disorderly intoxication, according to jail records. A $650 bond has been submitted for 33-year-old Scott, jail records show. The album was nominated for a Grammy for best rap album, and “Sicko Mode” was nominated for best rap song and best rap performance. Last year, he released “UTOPIA,” which was nominated for best rap album, his 10th Grammy nomination.

Persons: Travis Scott, Scott, Jacques Bermon Webster, ”, Drake, Kylie Jenner, Kardashian, Jenner Organizations: CNN, Miami, Jail, Miami Beach Marina Locations: Dade

☆ New ‘Detective Work’ on Butterfly Declines Reveals a Prime Suspect
▼ + stars: | 2024-06-20 | by ( Catrin Einhorn | ) www.nytimes.com time to read: +1 min

While a growing body of research shows decreases in many insect populations, it has been hard for scientists to disentangle the possible causes. Are insects suffering from habitat loss as natural areas are plowed and paved? The latest insight comes from a study on butterflies in the Midwest, published on Thursday in the journal PLOS ONE. Especially detrimental, the researchers found, was a class of widely used insecticides called neonicotinoids that are absorbed into the tissues of plants. “It’s a story about unintended consequences,” said Scott Swinton, a professor of agricultural economics at Michigan State University and one of the study’s authors.

Persons: ”, Scott Swinton Organizations: Michigan State University

☆ A top VC predicts the industry is heading for a massive and enduring contraction
▼ + stars: | 2024-06-19 | by ( Blake Dodge | ) www.businessinsider.com time to read: +5 min

Venture capital has cyclical fluctuations, but Scott Stanford, a cofounder and partner at ACME Capital, an early-stage VC firm, thinks something more meaningful is underway. In a chart compiled by Stanford and shared with BI, by 1990, there were 300 VC firms overseeing $17 billion in assets. Now, there are 3,000 VC firms overseeing $1.2 trillion. Limited partners (LPs), or investors who put money into venture firms, have other options thanks to higher interest rates, Stanford added. AdvertisementThe ACME Capital team.

Persons: —, EisnerAmper, You've, Scott Stanford, Hany Nada, Stanford, today's, Nada Organizations: Service, Venture, Business, ACME Capital, Stanford, BI, ACME, Tech

☆ An Arkansas county doesn't want families to move. It's offering them up to $50,000 to build or renovate their homes.
▼ + stars: | 2024-06-18 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

And, the incentive program is only available to employees of specific companies, like steel producers River Steel, US Steel, and Atlas Tube. Mississippi County's incentive program is part of a recent wave of efforts across rural America to increase populations and local businesses. Related storiesFor Mississippi County, this growing housing demand has provided an opportunity to build their towns and cities. The housing incentive program offers a 10% forgivable loan on a new home construction with a maximum home cost of $500,000, meaning some families can receive up to a $50,000 housing credit. As more families move to or settle in Mississippi County, Scott expects it will have a positive effect on businesses, the school system, and public spaces.

Persons: —, Farmers Bank & Trust Randy Scott, Scott, You'll, you'll Organizations: Service, Business, Farmers Bank & Trust, Steel, US Steel Locations: Mississippi County , Arkansas, Rock, Tennessee, Blytheville, Osceola, Mississippi County, . Mississippi, America, Lincoln County , Kansas, Tulsa , Oklahoma, Columbus , Georgia, Midwest, Mississippi, Missouri , Alabama , Mississippi , Wisconsin , Michigan, Colorado, Ohio, Arkansas

☆ Stocks making the biggest moves premarket: Best Buy, Toll Brothers, Autodesk and more
▼ + stars: | 2024-06-17 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines before the bell: Toll Brothers — The homebuilder gained 1.3% after Goldman Sachs upgraded it to neutral from sell. Best Buy — Shares rose more than 3% following a UBS upgrade to buy from neutral. Autodesk — The software company added 4% on news that activist fund Starboard Value has taken a $500 million stake in the company. Shattuck Labs — The biotechnology stock slipped 1% following a BTIG downgrade to neutral from buy. Goldman Sachs downgraded shares to sell from neutral, citing macroeconomic and competitive pressures.

Persons: Goldman Sachs, Goldman, BTIG, —, Alex Harring, Sarah Min, Scott Schnipper Organizations: UBS, Autodesk, AMC Networks, Labs, Louisiana - Pacific Corporation, Broadcom Locations: Louisiana

☆ Investors may be looking at commercial real estate risk all wrong and missing these opportunities
▼ + stars: | 2024-06-16 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +6 min

The threat from a looming wave of maturing commercial real estate loans has been well telegraphed to investors, but it's possible the metrics they are using to protect themselves from risk are flawed. Many investors have been avoiding bank stocks with high concentrations of commercial real estate (CRE) exposure. Investors have been punishing regional bank stocks, especially when the bank's commercial real estate exposure tops more than 300% of its total equity . While the latter two have some exposure to New York City real estate, both banks benefit from strong management teams, he said. (New York real estate markets are navigating both falling office values as well as the dynamics of rent-regulated multifamily properties.)

Persons: Erika Najarian, Stephens, Matt Breese, Breese, Webster, Najarian, Piper Sandler, Scott Siefers, Siefers, generalists Organizations: Owners, KBW, Regional Banking, UBS, Federal Deposit Insurance Corp, Federal Reserve, Kansas City Fed, NBT Bancorp, Webster, National Bancorp, Micron Technology, Financial Group, Citizens Locations: New York City, York, . Connecticut, New, New York, Providence, R.I

☆ The Woman Who Could Smell Parkinson’s
▼ + stars: | 2024-06-14 | by ( Scott Sayare | ) www.nytimes.com time to read: +1 min

Joy’s had always been an unusually sensitive nose, the inheritance, she believes, of her maternal line. Les only learned of Joy’s peculiar nose well after their relationship began, on a trip to the Scandinavian far north. Joy would not stop going on about the creamy odor of the tundra, or what she insisted was the aroma of the cold itself. Faced with the prospect of tending to his mother alone, however, Les begged her to stay in Scotland. He trained as a doctor, she as a nurse; they married during his residency.

Persons: Joy’s, Joy, quizzing, Les, anesthesiologist Organizations: General Hospital Locations: Paris, Rome, Scotland, Macclesfield, Manchester, England

☆ Tim Scott launches multimillion dollar outreach effort to get Black and Latino voters to support the GOP
▼ + stars: | 2024-06-06 | by ( Kit Maher | Eva Mckend | ) edition.cnn.com time to read: +7 min

CNN —South Carolina Sen. Tim Scott, a contender to be former President Donald Trump’s running mate, is launching a multimillion dollar effort to recruit Black voters to support Republicans in 2024. And that translates into a lot of ticked off people who are looking at the Republican Party,” he said. Trump won roughly 1 in 10 Black voters nationally in 2020, according to multiple estimates, including 12% in CNN’s exit poll. In the same survey, 14% of Black voters said that if the election were held today, they would vote for Trump vs. 49% for Biden. As CNN’s Kevin Liptak reported last week, Biden’s aides say they aren’t taking Black voters for granted as surveys suggest an erosion of support, particularly among Black men.

Persons: South Carolina Sen, Tim Scott, Donald Trump’s, Scott, Trump, Biden, ” Scott, “ It’s, ”, aren’t, “ I’ve, we’re, “, ‘, I’m, ’ ” Scott, ” Trump, Kevin Liptak, Biden’s, ” Jennifer DeCasper, ” DeCasper, CNN’s Jennifer Agiesta Organizations: CNN, South, GOP, Great Opportunity PAC, Republican National Committee, Republican, Trump, Republican Party, Black Colleges, Universities, Act, Detroit, Biden, New York Times, Siena College, Black, Trump . Younger, Fox News Locations: South Carolina, Michigan, North Carolina , Georgia, Arizona , Nevada, Pennsylvania, Washington ,, Milwaukee, Philadelphia, Atlanta, Bronx, Siena, CNN’s

☆ Inflation seems to be cooling again. Americans aren’t buying it
▼ + stars: | 2024-05-31 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

A slew of big-box retailers have lowered prices on items in recent weeks, citing moderating inflation and frugal customers. Recent economic data has also suggested that inflation is cooling, after data earlier this year spurred fears that progress had stalled. Yet Americans don’t seem convinced that inflation is moderating or that the economy is as healthy as indicators suggest. Mortgage rates have declined in recent weeks but remain near 7%. Target announced plans to cut prices on thousands of consumer basics as inflation cuts into household budgets.

Persons: aren’t, Charles Schwab’s, ”, James Kostulias, Charles Schwab, Joe Raedle, Jerome Powell, Powell, Neel Kashkari, “ I’m, Schumer, Chuck Schumer, General Merrick Garland, “, Elizabeth Warren, Amy Klobuchar, Bernie Sanders, Dick Durbin, Scott Sheffield, Read, Matt Egan, Mat Ishbia, homebuyers, refinances Organizations: CNN Business, Bell, New York CNN, Walmart, Target, Ikea, Aldi, CPI, “ Traders, Minneapolis Federal, CNBC, Democrats, Justice Department, Oil, Big Oil, DOJ, Big, Federal Trade Commission, United Wholesale Mortgage, Phoenix Suns NBA Locations: New York, Miami , Florida, Minneapolis, Texas, Sens

☆ Your around-the-corner Uber or Lyft ride may pay drivers $3 or less. Some say it's a nightmare.
▼ + stars: | 2024-05-30 | by ( Noah Sheidlower | Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

One screenshot from a Lyft driver based in Arizona showed a $2.62 ride that took 15 minutes and traveled 4.32 miles. For some drivers, these sub-$3 trips are a symbol of their broader frustrations with their pay. AdvertisementCompared to January 2023, sub-$3 trips — excluding tips — have become more common for DoorDash, Grubhub, and Uber Eats drivers and less common for Uber and Lyft drivers, per Gridwise. Otherwise, the pay would likely increase if drivers rejected these rides since drivers would be more likely to accept a higher-paying ride. AdvertisementMoises Diaz, a 41-year-old Uber and Lyft driver in California, started driving part-time in December.

Persons: —, Sergio Avedian, Guy, Avedian, it's, Lyft, they're, Uber, Grubhub, Gridwise, Randy Scott, he's, Scott, There's, he'll, Moises Diaz Organizations: Service, Business, Research, Gridwise, South, BI, Uber Locations: Arizona, Cleveland , Houston, Fort Lauderdale, Orange County, Los Angeles, Florida, California, South Florida

☆ GE-spinoff GE Vernova is gaining momentum on three key energy transition themes
▼ + stars: | 2024-05-30 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

GE Vernova is gaining momentum a month after launching as a standalone company, wielding assets that analysts say put the General Electric spinoff in prime position to benefit from the energy transition. GEV 1M mountain GE Vernova, 1 month "Through its robust portfolio of equipment and service offerings, we believe GE Vernova is in prime position to benefit from the 'Energy Transition Trifecta,'" Morgan Stanley analysts Andrew Percoco and Asmita Baskar told clients in a research note this month. Gas is the "bread and butter" of GE Vernova's business, said Maheep Mandloi, director of clean energy research at Mizuho Securities. There is an expectation that increased utilization of gas assets due to rising power demand will benefit GE Vernova's services business, Mandloi said. GE Vernova has reaffirmed its 2024 guidance of $34 billion to $35 billion in revenue.

Persons: Morgan Stanley, Andrew Percoco, Asmita Baskar, Goldman Sachs, Maheep Mandloi, GE Vernova, Scott Strazik, Mandloi, Mizuho, Baskar Organizations: GE Vernova, General Electric, GE, New York Stock Exchange, Investors, Mizuho Securities

☆ Schumer and Senate Democrats call for Justice Department to probe Big Oil for alleged collusion
▼ + stars: | 2024-05-30 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —Senate Majority Leader Chuck Schumer and nearly two dozen Democrats pressed the Justice Department on Thursday to launch an industry-wide investigation into Big Oil for alleged collusion and price fixing. The lawmakers urged the DOJ to investigate the oil industry, “hold accountable any liable actors” and halt illegal activity. Last week, congressional Democrats launched an investigation into whether other US oil companies colluded with each other and OPEC. Regulators cited hundreds of text messages Sheffield exchanged with OPEC officials discussing pricing, production and oil market dynamics. “The strategy appears to have worked,” Schumer and his colleagues wrote to the DOJ.

Persons: Chuck Schumer, General Merrick Garland, Schumer, “, ”, Elizabeth Warren, Amy Klobuchar, Bernie Sanders, Dick Durbin, Scott Sheffield, Sheffield “, ” Schumer, Sherman, Sheffield, ” Sheffield Organizations: CNN, Justice Department, Big Oil, Democrats, DOJ, Big, Federal Trade Commission, FTC, Sheffield, Pioneer Natural Resources, OPEC, Pioneer Locations: Texas, Sens

☆ Your guide to Wall Street analyst research and how to use it like the investing pros
▼ + stars: | 2024-05-30 | by ( Scott Schnipper | ) www.cnbc.com time to read: +10 min

Wall Street sell-side research is a key part of the financial markets, written by analysts working for brokerage firms, investment banks and other institutions. Research reports An analyst's published research report might include a company overview with basic information about a company's business, products and position in the relevant market. This is especially true when an analyst is first initiating research coverage into a particular company or industry. Analyst recommendations affect stock prices every day , especially if an analyst or her firm is highly reputable or believed to hold expertise in a particular area. Contrarian indicators Analyst recommendations can occasionally act as a contrarian indicator , too.

Persons: Merrill Lynch, Henry Blodgett, Merrill Organizations: Research, Wall, Sarbanes, Oxley, Global, Securities and Exchange Commission, National Association of Securities Dealers, CNBC Pro Locations: Sarbanes

☆ Wells Fargo goes on quiet hiring spree to expand from lending. What it means for the stock
▼ + stars: | 2024-05-24 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

He added, "Wells Fargo could fetch a higher multiple in the market as a result." A Wells Fargo spokesperson declined to comment on the total number of CIB-related hires across all levels in the division. Wells Fargo and other banks have benefited in recent years as the Federal Reserve began hiking interest rates in March 2022. More recent data indicates that Wells Fargo's investment banking revenue share globally has jumped to No. A woman walks past Wells Fargo bank in New York City, U.S., March 17, 2020.

Persons: Wells, Wells Fargo, JPMorgan Chase, Jeff Marks, Charlie Scharf, Scharf, Doug Braunstein, Braunstein, Fernando Rivas, Rivas, Jonathan Weiss, Weiss, Piper Sandler, Wells Fargo's Scharf, NII, Kroger, Scharf's, Scott Siefers, Siefers, Jim Cramer's, Jim Cramer, Jim Organizations: Wall, CNBC, JPMorgan, CIB, Wells, North American Investment Banking, Barclays, Deutsche Bank, Suisse —, Management, Federal Reserve, Fed, Albertson's, Federal Trade Commission, Currency Locations: Wells Fargo, Americas, U.S, IPOs, Wells, New York City

☆ 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

☆ Stocks making the biggest moves after hours: Ross Stores, Intuit, Workday and more
▼ + stars: | 2024-05-23 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Ross Stores reported first quarter earnings of $1.46 per share on revenue of $4.86 billion. Analysts polled by LSEG anticipated earnings of $1.35 per share and revenue of $4.83 billion. Workday — The enterprise management company pulled back 10% after the company's subscription revenue guidance missed Wall Street estimates. Workday expects second-quarter subscription revenue guidance of $1.895 billion, while consensus forecasts called for $1.9 billion, per StreetAccount. Intuit called for fiscal fourth-quarter adjusted earnings of $1.80 to $1.85 per share, while analysts polled by FactSet predicted $1.92 per share.

Persons: LSEG, TurboTax, FactSet, Darla Mercado, Scott Schnipper Organizations: Ross, Ross Stores, Intuit –, Intuit, Wall

☆ Stocks making the biggest moves after hours: Nvidia, Snowflake, VF Corp. and more
▼ + stars: | 2024-05-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines after the bell : Nvidia — The chipmaker added about 4% after announcing a 10-for-1 stock split . Nvidia also surpassed Wall Street's fiscal first-quarter estimates on the top and bottom lines, and it issued strong guidance for the current quarter. Fiscal first-quarter revenue surpassed the Street's expectations, coming in at $829 million, versus consensus estimates for $786 million, per LSEG. — The apparel and footwear company sank 9% after posting an unexpected loss for the recent quarter and revenue that fell short of Wall Street's estimates. VF Corp. posted a loss of 32 cents per share on $2.37 billion in revenue.

Persons: LSEG, FactSet, Synopsys, LiveRamp, Dow Jones, Goldman Sachs, Morgan Stanley, Ed Breen, Lori Koch, Breen, —, Darla Mercado, Sarah Min, Scott Schnipper, Christina Cheddar, Berk Organizations: Nvidia, Super Micro, Devices, Corp, VF Corp, LiveRamp Holdings, News Corp, JPMorgan, DuPont de Nemours, DuPont

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