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☆ In the House of Psychiatry, a Jarring Tale of Violence
▼ + stars: | 2024-05-21 | by ( Ellen Barry | ) www.nytimes.com time to read: +1 min

The annual gathering of the American Psychiatric Association is a dignified and collegial affair, full of scholarly exchanges, polite laughter and polite applause. Then his wrists and ankles were cuffed to the sides of a stretcher, and his pants were yanked down. They gave him injections of Haldol, an antipsychotic medication he had repeatedly tried to refuse, as he howled in protest. One recent study, using 2017 data from the Centers for Medicare and Medicaid Services, estimated the number of restraints per year at more than 44,000. Researchers who surveyed patients about restraint and seclusion have found that a large portion, 25 to 47 percent , met criteria for post-traumatic stress disorder.

Persons: Jacob K, Matthew Tuleja Organizations: American Psychiatric Association, Javits Convention, Division, Centers, Medicare, Services Locations: Manhattan

☆ The only way we would get rate cuts is if something broke, says Ironsides Macroeconomics' Knapp
▼ + stars: | 2024-05-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe only way we would get rate cuts is if something broke, says Ironsides Macroeconomics' KnappBarry Knapp, Ironsides Macroeconomics managing partner and director of research, joins 'Squawk Box' to discuss Knapp's overall investing thesis, what the latest CPI print says about the economy, and more.

Persons: Knapp Barry Knapp Organizations: Ironsides

☆ S&P 500 and Nasdaq both notch another record close
▼ + stars: | 2024-05-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailS&P 500 and Nasdaq both notch another record closeAdam Crisafulli, Vital Knowledge founder, and Barry Bannister, Stifel chief equity strategist, join 'Closing Bell Overtime' to discuss another record day for the markets.

Persons: Adam Crisafulli, Barry Bannister Organizations: Nasdaq, Vital Knowledge

☆ Peloton shares drop after it announces refinancing to stave off cash crunch
▼ + stars: | 2024-05-20 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Peloton shares plunged on Monday after the connected fitness company said it is launching a "global refinancing," as it looks to stave off a cash crunch amid falling sales. Peloton plans to use the proceeds to buy back about $800 million of its 0% convertible senior notes, which are currently due in 2026, and refinance its existing term loan. Shares fell more than 12% in extended trading after Peloton announced the refinancing, but later regained some ground. In a letter to shareholders, the company said it is "mindful" of the timing of its debt maturities, which include convertible notes and a term loan. "Overall, our refinancing goals are to deleverage and extend maturities at a reasonable blended cost of capital," the company said.

Persons: Barry McCarthy, McCarthy, Goldman Sachs Organizations: JPMorgan

Police dispatchers use the term as a geographic point of reference: “There’s a very large fire coming from the Jungle behind Carpet Warehouse …”The Jungle. Tucked beside railroad tracks that course through gnarly woods, the encampment harbors the disenfranchised and distrusting, the addicted and the unwell, the vulnerable and the predatory. It is an off-the-grid community, a hide-out, a drug den, a home for people with nowhere else to go. A place of freedom and fire, overdose and escape, where the police are uncertain of their role and first responders enter with caution. But the Jungle reflects more than the often-intertwined plagues of drug addiction, mental illness and homelessness.

Organizations: Police, Jungle Locations: New York, Ithaca

☆ Investors and economists are getting worried about more bank failures as interest rates stay high
▼ + stars: | 2024-05-17 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Fears of a potential banking crisis are on the rise as interest rates stay elevated. Interest rates are now at their highest levels since 2001 as the Fed keeps an eye on inflation. Markets have already seen 1 regional bank fail this year, according to FDIC data. According to Moody's Analytics chief economist Mark Zandi, the longer interest rates stay high, the more the Fed risks damaging the economy. "That's the kind of thing I'm worried about in the context of persistently high interest rates."

Persons: —, Mark Zandi, That's, Barry Sternlicht, Sternlicht, Daniel Pinto Organizations: Fed, Service, Analytics, Yahoo Finance, Bank, Regulators, First Bank, Fulton Bank, Stanhope Capital, Bloomberg Locations: Philadelphia, America

☆ Why the biggest real estate funds still struggle
▼ + stars: | 2024-05-17 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +8 min

Read previewBlackstone, the world's largest landlord, contends the worst is over for commercial real estate. In the first quarter, shareholders in Blackstone Real Estate Income Trust, or BREIT, its $59 billion flagship real estate investment fund, pulled out almost a billion dollars a month on average, according to the company's first-quarter earnings statement. A similar investment fund operated by Barry Sternlicht's Starwood Capital has had an even greater retreat by investors. Share pricing is determined through appraisals of the value of the underlying real estate holdings. In May, Blackstone Real Estate Partners X also completed the $3.5 billion acquisition of Tricon Residential, an owner of single family rental homes.

Persons: —, Barry Sternlicht's, Kevin Gannon, BREIT, reinvigorating, anemic, REITs, Jonathan Gray, Blackstone Heidi Gutman, NBCUniversal, Jon Gray, they're, Gray, outperformance, redemptions, Blackstone, Gannon, They're, Sternlicht, Todd Henderson, REIT, Henderson, It'll Organizations: Service, Investors, Income Trust, Business, Barry Sternlicht's Starwood Capital, Starwood Real, Blackstone, Starwood, KKR, Apollo, Federal Reserve, Communities, Blackstone Real Estate Partners, Tricon Locations: Blackstone, Brookfield, BREIT, Tricon, Nashville, DWS

☆ Frontier Airlines does away with change fees in budget airline pricing overhaul
▼ + stars: | 2024-05-17 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Frontier Airlines said it will stop charging customers a fee to change their flights, taking a page from larger competitors as the Biden administration issues stricter rules targeting so-called "junk fees." Frontier currently charges up to $99 to change flights if the change is made within a week of the trip, according to the airline's website. Larger rivals Delta , American and United scrapped change fees during the Covid-19 pandemic for travelers who were booked in standard economy class and above. "The truth is the big four all have no change fees on the majority of their products, so we were not as desirable," Biffle said. He said change fees were a "top complaint" of travelers.

Persons: Biden, Barry Biffle, Biffle Organizations: Frontier Airlines, CNBC, U.S . Department of Transportation, Frontier, Delta, United, Southwest Airlines

☆ With S&P back at new highs, now come the price target and earnings revisions
▼ + stars: | 2024-05-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Now that the S & P 500 and most major stock market indexes are at or near historic highs, expect a raft of earnings and year-end price target revisions for the S & P 500 to be coming. First up with an upward revision was Brian Belski at BMO Capital, who Wednesday raised his year-end S & P target to 5,600 from 5,100. The median price target (half above, half below) is 5,200. Earnings for the rest of the year have been remarkably stable, but the key point is that each quarter is higher and a record for S & P 500 profits: 2024 S & P 500 quarterly earnings estimates Q2: $59.46 (record) Q3: $63.49 (record) Q4: $65.08 (record) Source: LSEG Valuations (roughly 20 times forward S & P 500 earnings) are pricey but not unreasonable given the continuing strength of the economy and the prospects of AI-boosted returns. May: market advance broadens (advance/decline line) S & P 500: near new high S & P Mid Cap: new high S & P Small Cap: highest since Dec.

Persons: Sam Stovall, CFRA, Brian Belski, Belski, Subramanian, Venu Krishna, Goldman Sachs, David Kostin, Ned Davis, Ed Clissold, Oppenheimer, John Stoltzfus, Lori Calvasina, Manish, Nicolaus, Barry Banniester, Jonathan Golub, Chris Harvey, Dubravko, Bujas, Cantor Fitzgerald, Eric Johnson, Scott Chronert, Julian Emanuel, Fundstrat, Tom Lee, Morgan Stanley, Mike Wilson, Hugo Ste, Stovall Organizations: BMO Capital, Wall, of America, Barclays, BMO, RBC, Societe Generale, UBS, Bloomberg, Citigroup, Deutsche Bank, ISI, JPMorgan, Scotiabank, @VX Locations: Wells Fargo, Marie

☆ Lessons of Past Pandemics Take on New Urgency as Bird Flu Looms - The New York Times
▼ + stars: | 2024-05-16 | by ( John M. Barry | ) www.nytimes.com time to read: +1 min

In 1918, an influenza virus jumped from birds to humans and killed an estimated 50 million to 100 million people in a world with less than a quarter of today’s population. For years it has been devastating bird populations worldwide and more recently has begun infecting mammals, including cattle, a transmission never seen before. In another first, the virus almost certainly jumped recently from a cow to at least one human — fortunately, a mild case. As they do, they must be cautious about the lessons they might think Covid-19 left behind. Two assumptions based on our Covid experience would be especially dangerous and could cause tremendous damage, even if policymakers realized their mistake and adjusted quickly.

☆ Barry Romo, Decorated Vet Who Turned Against the VietnamWar, Dies at 76
▼ + stars: | 2024-05-15 | by ( Richard Sandomir | ) www.nytimes.com time to read: +1 min

Barry Romo, whose combat experiences in Vietnam led him to become a leading antiwar activist who threw his medals onto the Capitol steps during a demonstration by veterans, died on May 1 in Chicago. His death, in a hospital, was caused by a heart attack, said Roberto Clack, a friend and colleague. Mr. Romo was a strong supporter of the war when he arrived in Vietnam as a second lieutenant in the U.S. Army in 1967 — but within four years, he was a leader of the group Vietnam Veterans Against the War. In early 1968, he fought during the Tet offensive. The intensity of enemy fire kept Bobby’s body sitting in the sun for 48 hours until it could be retrieved.

Persons: Barry Romo, Roberto Clack, Mr, Romo, Bobby Romo Organizations: Capitol, U.S . Army, Vietnam Veterans, Star Locations: Vietnam, Chicago, Tam Ky Province, Dong Ha, North Vietnam

☆ S&P 500 to fall 500 points and getting to 2% inflation soon is 'pipe dream,' Stifel says
▼ + stars: | 2024-05-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

Stifel Financial is predicting a rough road ahead for the S & P 500 . The investment bank forecasts the benchmark stock index will tumble about 500 points to 4,750 in the second or third quarter — a correction of roughly 10%. "As a result, the sustained 2% Core PCE inflation the Fed seeks is a pipe dream." Stifel's inflation model shows a jump in core personal consumption expenditures to just over 3% in the second half of this year. The S & P 500 is up about 9.5% year to date.

Persons: Barry Bannister, Bannister Organizations: PCE

☆ More companies would move to Miami if there were more private schools, says billionaire Miami convert Barry Sternlicht
▼ + stars: | 2024-05-10 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

More companies would move to Miami if there were more private schools, said Barry Sternlicht. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOne hiccup prevents Miami from attracting more money and talent, according to billionaire real estate fund manager and Miami transplant Barry Sternlicht. The city doesn't have enough private schools, he said in an interview on Thursday with Bloomberg Television. This story is available exclusively to Business Insider subscribers.

Persons: Barry Sternlicht, — Organizations: Citadel, Service, Miami, Bloomberg Television, Starwood Capital Group, Business Locations: Miami

☆ Billionaire Barry Sternlicht predicts weekly bank closures as the real estate sector battles high interest rates and inflation
▼ + stars: | 2024-05-09 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +1 min

Billionaire Barry Sternlicht is worried about America's regional and community banks. Sternlicht told CNBC that banks may bear the consequences of the real estate crisis. AdvertisementBillionaire Barry Sternlicht offered an ominous prediction about America's regional banks amid a coming commercial real estate reckoning. The Starwood Capital Group CEO told CNBC on Tuesday that he thinks real estate's primary lenders — regional and community banks — could soon be bearing the brunt of high interest rates and inflation. "You're going to see a regional bank fail every day, or not — every week, maybe two a week," Sternlicht said.

Persons: Barry Sternlicht, Sternlicht, — Organizations: CNBC, Service, Starwood Capital, Business

☆ I'm 68 and hired a personal trainer because I've always hated working out. For the first time ever, I feel great and am making progress.
▼ + stars: | 2024-05-09 | by ( Barry Rueger | ) www.businessinsider.com time to read: +1 min

Although I've never enjoyed working out, I started going to the gym regularly in my late 60s. With the help of my personal trainer, I've built muscle and feel better than ever. To my surprise, I even discovered that many of the members at my local gym are my age or older. Over the years, I occasionally visited the gym with my wife who loves working out, but I never really embraced fitness until recently. This story is available exclusively to Business Insider subscribers.

Persons: I've, — Organizations: Service, Business

☆ Real Estate Mogul Barry Sternlicht: Migrants are here and they want to work
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReal Estate Mogul Barry Sternlicht: Migrants are here and they want to workHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Barry Sternlicht, Brian Sullivan, “ Organizations: CNBC

☆ Did menswear win the 2024 Met Gala? The best dressed men on the red carpet
▼ + stars: | 2024-05-07 | by ( Leah Dolan | ) edition.cnn.com time to read: +4 min

Nods to the event’s dress code, JG Ballard’s 1962 short story “The Garden of Time,” came in all forms. Wisdom Kaye's Robert Wun suit included a corsage, burnt at the edges like the lapels of his overcoat and hat. Coleman Domingo similarly finished off his billowing Willy Chavarria suit with black-rimmed eyes and a drooping bunch of wistful white lilies. Barry Keoghan's Burberry suit came with a satin necktie, top hat and three watches. Mike Coppola/MG24/Getty Images for The Met Museum/VogueAs always, a few stars miss — or dodge — the theme entirely, and menswear this year was no exception.

Persons: Gigi Hadid, Jordan Roth, Emily Ratajkowski, ”, Lewis Hamilton, Nicholas Galitzine, Jeremy Strong, Jonathan Bailey, Vogue, Loewe, Jonathan Bailey's peony bowtie, Aliah Anderson, “, Mike Faist, Josh O’Connor, —, O’Connor, clogs, Dan Levy’s, Jamie Dornan’s, Robert Wun, John Shearer, Seán McGirr, Alexander McQueen, Usher, Wisdom Kaye, Coleman Domingo, Willy Chavarria, florals, Barry Keoghan's Burberry, Taylor Hill, Jeff Goldblum, Count Axel, Gilbert Flores, Barry, Andrew Vottero, Prada, ” Goldblum, Emma Chamberlain, Hannah Bagshawe, Eddie Redmayne, Steve O Smith, Mike Coppola, Taika Waititi, Oscar Organizations: CNN, Burberry, Variety, Getty, Vogue, The Met Museum

☆ 81% of young people say a 4-day workweek would boost productivity, new CNBC/Generation Lab survey reports
▼ + stars: | 2024-05-07 | by ( Alex Koller | ) www.cnbc.com time to read: +3 min

Young adults are throwing their support behind calls for a four-day workweek. A new national survey from CNBC/Generation Lab of 1,033 people aged 18 to 34 found that an overwhelming 81% of respondents believe a four-day workweek would boost their company's productivity, while 19% said productivity would decline. Exos, a U.S. coaching company that trains top athletes and leads corporate wellness programs, recently reported results from the first six months of an ongoing four-day workweek experiment. Other four-day workweek trials have shown similar gains. Although respondents to the CNBC/Generation Lab survey largely agreed on workweek length, they were less unified when asked about work setting.

Persons: Sen, Bernie Sanders, Mark Takano, Barry Diller, Steven Cohen, Cohen Organizations: CNBC, Representatives, IAC, New York Mets Locations: USA, U.S

A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and get back to growth after 13 straight quarters of losses, CNBC has learned. A number of other private equity firms have been circling Peloton as an acquisition target, but it's unclear if they have held formal discussions. Last week, Peloton announced a broad restructuring plan that's expected to reduce its annual run-rate expenses by more than $200 million by the end of fiscal 2025. Last week, Peloton announced CEO Barry McCarthy would be stepping down as it issued a disastrous earnings report that missed Wall Street's expectations. One source close to the company said Peloton isn't expected to have any issues refinancing its debt.

Persons: Barry McCarthy, Goldman Sachs Organizations: Interactive, CNBC, JPMorgan Locations: New York

☆ The Fed 'shouldn't be using forward guidance,' says Ironsides Macroeconomics' Barry Knapp
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed 'shouldn't be using forward guidance,' says Ironsides Macroeconomics' Barry KnappBarry Knapp, director of research at Ironsides Macroeconomics, Paul McCulley, former PIMCO chief economist, and CNBC's Steve Liesman join 'The Exchange' to share outlooks on the Fed's rate stance.

Persons: Barry Knapp Barry Knapp, Paul McCulley, Steve Liesman

☆ Why Kristi Noem Is in the Doghouse
▼ + stars: | 2024-05-06 | by ( A.O. Scott | ) www.nytimes.com time to read: +1 min

In April 1964, President Lyndon B. Johnson was photographed lifting one of his beagles (he had two, named Him and Her) by the ears. Johnson won the 1964 presidential election in a landslide. Kristi Noem is no L.B.J. Appearing on “Face the Nation” on Sunday, Noem was unapologetic. She insisted that Cricket, whom she described in her book as an “untrainable” chicken-killer, got what was coming.

Persons: Lyndon B, Johnson, —, Barry Goldwater, Kristi Noem, Donald J, Trump, ”, Mitt Romney, Noem Organizations: White, The South, Cricket Locations: The, The South Dakota, Noem’s

☆ Coming Soon to Little Island: An Arts Festival With Powerful Backers
▼ + stars: | 2024-05-06 | by ( Javier C. Hernández | ) www.nytimes.com time to read: +1 min

Little Island, the $260 million park on the Hudson River that opened in 2021, was imagined as a haven for innovation in the performing arts. But the park’s cultural offerings — mostly sporadic, one-off works — have so far fallen short of those ambitions. Now Barry Diller, the billionaire media mogul who paid for the park, is setting out to deliver on the original vision, financing a robust, four-month annual performing arts festival on Little Island, the park announced on Monday. The festival, one of the most ambitious artistic undertakings in New York City in recent years, will promote new work in music, dance, theater and opera. “I want people to enjoy the originality and adventure of Little Island,” Diller said.

Persons: Barry Diller, Scott Rudin, Diller, Twyla Tharp, Mozart’s, Figaro, Anthony Roth Costanzo, “, ” Diller Locations: Little, New York City

☆ A Fresh Approach to a Crisis
▼ + stars: | 2024-05-06 | by ( Ellen Barry | ) www.nytimes.com time to read: +1 min

For years now, policymakers have sought an explanation for the mental health crisis among young people. The social psychologist Jonathan Haidt points to smartphones, and the algorithms that draw kids away from healthy play and into dangerous, addictive thought loops. The real problem is a grim social landscape of school shootings, poverty and global warming. A group of researchers in Britain now propose another, at least partial, explanation: We talk about mental disorders so much. This hypothesis is called “prevalence inflation.” It holds that our society has become so saturated with discussion of mental health that young people may interpret mild, transient suffering as symptoms of a medical disorder.

Persons: Jonathan Haidt Locations: Britain

☆ Are We Talking Too Much About Mental Health?
▼ + stars: | 2024-05-06 | by ( Ellen Barry | ) www.nytimes.com time to read: +1 min

In recent years, mental health has become a central subject in childhood and adolescence. School systems, alarmed by rising levels of distress and self-harm, are introducing preventive coursework in emotional self-regulation and mindfulness. Now, some researchers warn that we are in danger of overdoing it. Mental health awareness campaigns, they argue, help some young people identify disorders that badly need treatment — but they have a negative effect on others, leading them to over-interpret their symptoms and see themselves as more troubled than they are. And new research from the United States shows that among young people, “self-labeling” as having depression or anxiety is associated with poor coping skills, like avoidance or rumination.

Organizations: United States Locations: United Kingdom, Australia, United

☆ In a high-stakes test, Boeing will launch NASA astronauts to space for the first time
▼ + stars: | 2024-05-06 | by ( ) www.cnbc.com time to read: +2 min

After years of delays, Boeing is finally set to launch two NASA astronauts to the International Space Station on its Starliner spacecraft. ET, atop an Atlas V rocket at Florida's Cape Canaveral Space Force Station. Astronauts Barry "Butch" Wilmore and Sunita Williams will pilot the Starliner on its inaugural crewed flight — a crucial final test before NASA can authorize Boeing to conduct routine flights to and from the space station for the agency. If successful, the flight will enable Boeing to challenge the dominance held by Elon Musk's SpaceX, which has been ferrying NASA astronauts to and from the orbiting outpost since 2020. At a preflight briefing last week, Wilmore said safety is paramount and that previous Starliner launch attempts — both uncrewed and crewed — were delayed because the capsule simply was not ready until now.

Persons: Astronauts Barry, Butch, Wilmore, Sunita Williams, Elon Musk's Organizations: National Aeronautics and Space Administration, NASA, United, Alliance, Boeing's, NASA's Boeing, Cape Canaveral Space Force, Boeing, International, Atlas, Canaveral Space Force, Astronauts, Elon, Elon Musk's SpaceX Locations: Florida

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