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☆ A tennis center owner in Santa Monica changed his entire business to capitalize on the pickleball surge in America. It was a 'huge risk' but his revenue numbers have doubled and his court has never be
▼ + stars: | 2023-10-14 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +16 min

Former collegiate coach Jon Neeter bought a tennis center in Santa Monica, CA for $40,000 in 2010. He converted his single tennis court into four pickleball courts and business is booming. Plus, he liked the idea of his work being concentrated in one place, rather than scattered at various tennis courts all over LA. A standard pickleball court is 20 feet wide by 44 feet long, much smaller than a tennis court. Plus, he was unsure about how he was going to replicate the Santa Monica Tennis Center anywhere else in LA.

Persons: Jon Neeter, —, Neeter, Jon Arend, Arend, who's, he'd, Sam Querrey, didn't, I'd, they'd, He's, there's, he's Organizations: Service, beachy Santa, Santa, Duke University, Palisades Tennis Center, LA, Santa Monica Tennis Center, Santa Monica Pickleball Center, Neeter Locations: Santa Monica , CA, Wilshire, Los Angeles, LA, Santa Monica, New Jersey, California, West LA, Southern California, pickleball

☆ Barbara Corcoran says she prefers her trailer in LA over her penthouse in New York City
▼ + stars: | 2023-10-10 | by ( Amanda Goh | ) www.businessinsider.com time to read: +4 min

Corcoran says she convinced the previous owner to sell the trailer by saying she'll still let her "use it whenever." AdvertisementAdvertisementIn an attempt to convince the previous owner to let go of the trailer, Corcoran ended up making her an offer she couldn't resist. AdvertisementAdvertisementThe TikTok video has since amassed over 3,000 comments, with many users expressing surprise at Corcoran's home. "I love that she could EASILY afford a seaside mansion, but opts for a trailer with a view," one TikTok user commented. AdvertisementAdvertisement"love the home, but million dollar beachfront trailer park is something that can only exist in LA," a TikTok user commented.

Persons: Barbara Corcoran's, Caleb Simpson, Corcoran, she'll, —, Barbara Corcoran, who's, Simpson, that'll, she's, lauding Corcoran Organizations: Service, Pacific Palisades, Corcoran, New York City, YouTube Locations: Pacific Palisades, Los Angeles, LA, Angeles, Pacific, New York

☆ Veru: Markets are finally waking up to the reality of higher rates for longer
▼ + stars: | 2023-10-05 | 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 EmailVeru: Markets are finally waking up to the reality of higher rates for longerDan Veru, Senior Partner & Chief Investment Officer at Palisades Capital Management, discusses how higher rates are impacting the markets and his investment strategy.

Persons: Dan Veru Organizations: Capital Management

☆ The 20 Best Early Labor Day 2023 Sales
▼ + stars: | 2023-08-23 | by ( Bellamy Richardson | ) www.wsj.com time to read: +13 min

By Bellamy RichardsonLabor Day may not be until Sept. 4, but you don’t have to wait to take advantage of great Labor Day deals. Here are some of our early favorites; we’ll be continuing to add more early sales as they go live leading up to Labor Day Weekend. BrooklinenThe deal: 15% off sitewideHead over to Brooklinen’s Staycation/Early Labor Day Sale for 15% off bedding, bath and loungewear. There might be something for you at eBags during its Labor Day sale, running now through Sept. 12. LunaThe deal: 20% off sleep productsIf you’ve been craving a good night’s sleep, Luna’s Labor Day Sale might have just the thing to help you out.

Persons: Bellamy Richardson, we’ll, Staycation, unzipping, you’ll, Marigold, Casper, —, Luna, Luna’s, It’s, Spinner, puffiness, Stove’s Organizations: Labor, sitewide, Sage, Luna’s Labor, Sherpa, Cook Duo, Outer’s Labor, Navy, TSA, Stove’s Labor Locations: California

☆ Hyundai and Kia warn drivers of 90,000 vehicles to park outside due to fire risk
▼ + stars: | 2023-08-03 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

These include 2023 Kia Soul and Sportage vehicles and 2023 and 2024 Kia Seltos models. Last year, owners of nearly 500,000 Kia and Hyundai vehicles were, similarly, warned to park their vehicles away from structures because of a risk of fire. Hyundai and Kia also recalled over 250,000 vehicles in 2022, again warning drivers to park outside, because of the potential for fire from a trailer hitch wiring issue. In a 2021 recall, owners of 380,000 Kia vehicles were also warned to park outside because there was a risk of fire from electronic circuits under the hood. In 2020, Kia recalled 295,000 vehicles because they could catch fire while driving because of fuel leaks.

Persons: Hyundais, Kia Organizations: CNN, Hyundai, Kia, National, Hyundai Motor Group Locations: United States, Canada, South

PinnedTorrential rainfall generated widespread flooding across western New England and parts of New York State on Monday, flooding homes and washing away roads and bridges as people were stranded in vehicles. In Vermont, where flooding was expected to intensify throughout the day, officials said about 20 people so far had been rescued by boat, with another two dozen evacuated from homes. And at least one person, a woman in her 30s, died in the flooding in New York’s Hudson Valley, the authorities said. The downpour was generating flash flooding in five counties across northern Vermont, where up to three inches of rain have fallen so far, the Weather Service said. In central Vermont, Addison, Orange, Rutland and Windsor counties are at risk of a flash flood through the early afternoon.

Persons: Steven M, Neuhaus, ”, ABC’s, Mr, John F, Irene, Claire Moses Organizations: New York State, America, National Weather Service, Weather Service, New York, Orange, Kennedy, Boston Logan International Airport, Amtrak, Weather Prediction Locations: New England, New, Vermont, Hudson Valley, Orange County, N.Y, “, Burlington, Addison, Orange, Rutland, Windsor, Hudson, New York, LaGuardia, Boston, New York City, Albany, East

☆ From Up Here, You Can See Manhattan, and Houses Left to Crumble
▼ + stars: | 2023-06-30 | by ( Caren Lissner | ) www.nytimes.com time to read: +1 min

For reasons neighbors are only partly aware of, neither development nor demolition has occurred on the properties since they were bought. Instead, they’ve suffered from fires, intruders, graffiti, broken fencing, and overgrowth that make it difficult for an onlooker to believe they were occupied and full of light 18 years ago. In a hot real estate market (where other developments have risen on the hills to take advantage of the views), such a promising neighborhood has been left to crumble. On a recent afternoon, shafts of sunlight squeezed through thick trees to brighten boarded windows and ivy covering the structures. Across the road, the thump of someone’s drums emerged from a street-level window.

Persons: they’ve, David Spatz, ”, ” Mr, Spatz Organizations: Union City, Sky Pointe Locations: “

☆ LA Tech Week, the summer sequel, is more polished but some of the sizzle is gone
▼ + stars: | 2023-06-10 | by ( Ben Bergman | ) www.businessinsider.com time to read: +4 min

Unlike most tech conferences where tickets cost thousands, Tech Week is mostly free and open to anyone. If last year's hastily arranged LA Tech Week served as venture firm Andreessen Horowitz's LA coming out party, this year's version – taking place just 10 months later – served as the more polished but lower energy summer sequel. Unlike most tech conferences where tickets cost thousands of dollars, Tech Week, which concludes Sunday, is mostly free and open for anyone to attend or even host their own event. The LA Tech Week kickoff party in Pacific Palisades hosted by Crosscut and 75 & Sunny. Mostly gone unsaid was the dismal state of the tech market, which has worsened considerably since last year's Tech Week; Down rounds and layoffs do not make for great cocktail conversation.

Persons: Andreessen, –, Drew Glover, Glover, Ben Bergman, we'll, Gabe Greenbaum, unsaid, Jeremy Milken, Sophia Amoruso, Nasty, Amoruso Organizations: Tech, LA Tech, Santa, Fiat Ventures, Crosscut, B, Watertower Ventures, Trust Fund, Trust Locations: Santa Monica, marveling, St, LA, Hollywood, Venice, Pacific Palisades, Venice Mexican

☆ The job market held up in May. But the Fed may have already decided to pause
▼ + stars: | 2023-06-02 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Washington, DC CNN —The US labor market picked up momentum in May, once again defying expectations of a slowdown. Many economists, including those at the Fed, still expect a recession later in the year. The labor market and signs of future disinflationThe May jobs report mostly showed that the labor market held up. Some top economists have argued that the strong labor market has had a minor, albeit growing, impact on inflation. Hawkish Fed officials still think the Fed’s job isn’t done.

Persons: That’s, Joe Biden’s, ”, Philip Jefferson, Patrick Harker, “, ” Harker, It’s, ” Julia Pollak, ZipRecruiter’s, you’ve, you’d, Dave Gilbertson, hasn’t, Ben Bernanke, ” Jack Macdowell, Louis President James Bullard, Bullard, Louis Fed’s, Louis, Jerome Powell, there’s, Ian Shepherdson, Eugenio Alemán, Raymond James Organizations: DC CNN, Federal, Fed, Federal Reserve Bank of Philadelphia, National Association for Business Economics, CNN, Employers, of Labor Statistics, BLS, UKG, The Palisades Group, Hawkish Fed, Federal Reserve Bank of St, Louis Fed, Pantheon Locations: Washington, Washington ,

☆ This Uber Eats driver only accepts high-value orders in the hope of getting big tips. He says it's 'like gambling,' but 'very exciting.'
▼ + stars: | 2023-04-10 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

An Uber Eats driver told The New York Times that only accepting high-value orders is like "gambling." He told the newspaper he felt delivery drivers were now considered "the bottom of the barrel." After delivering the orders, he waited an hour to learn from the Uber Eats app how much his tips were worth. "It's like gambling," Bush told The Times about his "very exciting" big tips. Uber told The Times it had improved its app to reduce "verification confusion" for high-value tips and added measures to encourage better tipping.

☆ The biggest malls in America, from the troubled American Dream mall to Florida's alligator-shaped shopping center
▼ + stars: | 2023-03-30 | by ( Avery Hartmans | Danni Santana | ) www.businessinsider.com time to read: 1 min

Palisades CenterDanni SantanaPalisades Center in West Nyack, New York, opened in March 1998. The four-level shopping mall has 225 stores and 16 sit-down restaurants inside. Palisades Center offers 2 million square feet of leasable store space and is owned by EklecCo NewCo LLC, a division of Pyramid Management Group. Mortgage lender Wilmington Trust is now looking to foreclose on Palisades after EklecCo failed to pay back a $418.5 million loan from 2016 in full, Patch reported last month. Wilmington Trust has filed suit against Pyramid asking the New York Supreme Court to have mall tenants pay rent to the firm directly until Palisades Center is put up for sale.

☆ How age-old retailers like Foot Locker are boosting sales for new brands like Hoka and On
▼ + stars: | 2023-03-27 | by ( Danni Santana | ) www.businessinsider.com time to read: +4 min

Foot Locker and other sneaker retailers have learned their lesson about depending too much on Nike. Foot Locker has allocated more wall space to emerging performance running brands like On and Hoka. Foot Locker and other sneaker retailers have learned their lesson from Nike's shifting strategy. Although Nike still sells at some retailers like Foot Locker, Nike is committed to putting its own direct-to-consumer sales first. "Acquiring a 21-year-old in New Jersey is more expensive for us to do than Foot Locker because Foot Locker has kept that relationship with that consumer," On co-CEO Marc Maurer told Insider in an interview.

☆ Top Wall Street analysts pick these five stocks for the long term
▼ + stars: | 2023-03-19 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Given the ongoing uncertainty, turning to stock market experts to pick attractive stocks for the long term could be a good decision. Allegro expects to flourish in these two key markets and to deliver low-double-digit percentage revenue growth from fiscal 2023 to 2028. CrowdStrike's adjusted earnings per share for the fourth quarter of fiscal 2023 (ended Jan. 31) increased 57%, fueled by revenue growth of 48%. The company's adjusted EPS grew 8% and came ahead of Wall Street's expectations, while revenue growth of 18% fell short of estimates. Nonetheless, Oracle is optimistic about the solid potential of its cloud business, which delivered 45% revenue growth in the fiscal third quarter.

☆ Biden admin offers $1.2 billion for distressed, shut nuclear plants
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, March 2 (Reuters) - The Biden administration said on Thursday it is offering a fresh round of $1.2 billion in aid to extend the life of distressed nuclear power plants which, for the first time, could offer funding to a plant that has recently closed. President Joe Biden's climate team believes nuclear power is a crucial source of virtually carbon-free electricity needed to be maintained and expanded to reach his pledge of what it calls 100% clean electricity by 2035. The funding comes from the $6 billion Civil Nuclear Credit program, created by the 2021 infrastructure law, and will be distributed by the Department of Energy (DOE). Holtec International, the current owner, had applied for the first round of funding, but the DOE rejected it. Last year, the DOE provided $1.1 billion in conditional CNC funding to Pacific Gas & Electric's Diablo Canyon nuclear plant that had been set to fully shut in 2025.

☆ The CIO of a $9 billion real-estate investing firm explains why the US will avoid a 2008-sized crash — and says it's a good time to buy in correction-hit cities like Austin
▼ + stars: | 2023-02-27 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

Even cities that were hit the hardest, such as Austin, are starting to come back from their lows. Macdowell explains why these types of correction-hit cities now offer intriguing buying opportunities. "I would take the view that in the right property markets, this would actually be a pretty good time to buy," he said. "On the real estate value side — in certain markets, certain neighborhoods — given the lack of inventory, prices will be well supported from where they are today." Although prices in the city have already corrected from their peaks, Macdowell believes that rental rates and growth will remain strong due to local housing demand.

☆ Rahm returns to world number one with win at Riviera
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +2 min

[1/3] Feb 19, 2023; Pacific Palisades, California, USA; Jon Rahm reacts following his victory in the final round of The Genesis Invitational golf tournament. Spaniard Rahm, 28, made two late birdies to close with a two-under 69 for a two-shot win over home favourite Homa, finishing at 17-under for his 10th PGA Tour title and a fifth win in his last nine tournaments worldwide. "I don't need a ranking to validate anything," said Rahm, who was last ranked at number one in March 2022. "That was a tough week and a tough Sunday. "My streak continues here," said Woods, who has played at the Riviera course 12 times without winning.

☆ Woods closes with two-over 73 at Riviera, says 'headed in right direction'
▼ + stars: | 2023-02-19 | by ( ) www.reuters.com time to read: +2 min

[1/3] Feb 19, 2023; Pacific Palisades, California, USA; Tiger Woods before playing his shot on the fifth hole fairway during the final round of The Genesis Invitational golf tournament. "It's progress, headed in the right direction," Woods, 47, told reporters after his first competitive event since last July's British Open. "My team has been fantastic in getting my body recovered day to day and getting me ready to play each and every day." When asked about his schedule, specifically as it pertains to tune-up events ahead of the April 6-9 Masters, Woods remained non-committal. "That's it, that's all my body will allow me to do.

☆ Woods goes low at Riviera but still 12 back of leader Rahm
▼ + stars: | 2023-02-19 | by ( ) www.reuters.com time to read: +3 min

[1/3] Feb 18, 2023; Pacific Palisades, California, USA; Tiger Woods hits from the twelfth hole tee during the third round of The Genesis Invitational golf tournament. Mandatory Credit: Gary A. Vasquez-USA TODAY SportsFeb 18 (Reuters) - Tiger Woods nearly posted an albatross while shooting one of the lowest third-round scores at the Genesis Invitational in Pacific Palisades, California, on Saturday where he will head into the final-round 12 shots back of leader Jon Rahm. "I've been pretty one dimensional on how to hit my tee shots. I've kind of gone to my little -- my stock shot, because I just haven't played enough where I feel like I can hit different shots," Woods told reporters. But Woods put on a ball-striking display during a round that included one eagle, three birdies and a bogey.

☆ Woods apologizes for tampon prank, poised to make cut
▼ + stars: | 2023-02-17 | by ( ) www.reuters.com time to read: +2 min

After out-driving Thomas on the ninth hole, Woods was caught on camera handing his friend a tampon. Thomas quickly threw the tampon onto the ground as the two golfers had a good laugh. Many did not find it so funny - social media exploded, accusing the 47-year-old of being sexist, taking the prank to mean Thomas hit like a girl. "It was supposed to be all fun and games and obviously it hasn't turned out that way," said Woods when asked about the incident after his second round. "It was just we play pranks on one another all the time and virally I think this did not come across that way."

"I don't know what that reaction is going to be," said Woods, who will tee it up at the PGA Tour's Genesis Invitational this week. "I know that some of our friendships have certainly taken a different path, but we'll see when all that transpires. Phil Mickelson, Dustin Johnson and Brooks Koepka are among the big names who have left the PGA Tour for the lucrative, Saudi-backed LIV Golf. While banned from PGA Tour events, LIV players have been invited to compete at the Masters. Woods called world number one Rory McIlroy the PGA Tour's "ambassador" and said he had been extraordinary at navigating the new, and at times hostile, terrain.

☆ Woods commits to next week's Genesis Invitational, says 'I'm ready'
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +1 min

Feb 10 (Reuters) - Tournament host Tiger Woods has committed to playing at next week's Genesis Invitational at Riviera Country Club in Pacific Palisades, California, which will mark his first non-major PGA Tour start since October 2020. "I'm ready to play an ACTUAL PGA Tour event next week," Woods wrote. The Genesis Invitational, which is run by Woods' foundation, is scheduled for Feb. 16-19. Woods then skipped the U.S. Open, the year's third major, so he could focus on the British Open at St. Andrews where he finished nine over par for his two rounds last July. Reporting by Frank Pingue in Toronto; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

☆ Archaeologists found 38 skeletons in a 7,000-year-old mass grave. All but one had been decapitated.
▼ + stars: | 2023-01-23 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +6 min

download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyArchaeologists have discovered a 7,000-year-old mass grave in Slovakia containing 38 skeletons, with all but one decapitated. A ditch, where the mass grave was found, ran around the village over the length of approximately a mile. An unexpected discoveryA picture shows the mass grave found in Vráble-Ve`lke Lehemby in Slovakia. Prof. Dr. Martin Furholt, Institute for Pre- and Protohistoric Archaeology/Kiel UniversityThese weren't the first headless bodies found in the ditch. That's why the discovery of such a huge mass of headless bodies came as a complete surprise, Fuchs said.

☆ I left Manhattan for LA. It's easier to make friends, my cost of living is lower, and I'm so much happier here.
▼ + stars: | 2023-01-18 | by ( Daniel Zahler | ) www.businessinsider.com time to read: +14 min

I got the full New York City experienceI lived in Manhattan for 12 years. In 2015, I decided to sublet my West Village pad and spend the winter in Santa Monica. Santa Monica is one of the priciest areas of California, but it's still cheaper than Manhattan. Today I'm paying $3,000 a month for a spacious apartment in the heart of Santa Monica with amazing views of mountains and palm trees. New York City is unrivaled in its energy and diversity and is the major league of cities — truly world-class.

☆ Storms in California have led to high snowpack and great skiing conditions — but the deluge still may not be enough to fill the state's empty reservoirs after years of drought
▼ + stars: | 2023-01-06 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

California has faced heavy precipitation in recent weeks, leading to a high snowpack. The snowpack provides a third of California's water needs, but it's too soon to assess the impact on the drought. The snowpack in the Sierra Nevada, the mountain range that runs along the eastern part of the state, is often called California's "frozen reservoirs." Though the high snowpack this early in the season is promising, if the precipitation doesn't continue, it may not be enough to significantly address the drought. "It's great for the state of California to get out of this drought, and it's great for skiing."

CNN —A large winter storm system slammed into the western US over the weekend, blanketing mountain areas with heavy snow before taking aim at the South, where it’s expected to bring severe weather, with strong winds, hail and tornadoes possible. More than 15 million people in 14 states are under some sort of a winter weather alert as the powerful storm moves across the county. A multi-day severe storm threat begins Monday for parts of the South and southern central US. A slight threat for severe weather has been issued for parts of western and central Kansas and Oklahoma into northwestern Texas. Duluth, Minnesota, could also see 6 inches of snow and will be under a winter storm watch starting Tuesday morning.

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