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He landed on an option that's becoming increasingly popular with top MBAs and entrepreneurs: launching his own search fund. AdvertisementHere are three reasons why he decided on a search fund:Shift in the search fund businessSingh graduated from Harvard's MBA program in 2022. "Historically, tech people have stayed away from search funds because it's not exciting to them," he said. These could be projects that convert on-premise software companies to cloud companies or projects that change one-time software purchases to yearly subscriptions. Singh said he knew of about 20 MBAs from his Harvard cohort who started search funds, out of about 800 in his class.
Persons: , Gaurav Singh, Singh, that's, he'd, wouldn't, Harvard Organizations: Service, Harvard Business School, Business, Stanford Graduate School of Business, Stanford, Investors Locations: Toronto, Stanford, Midwest
CNN —Many Americans may get hot under the collar when they open their electric bills this summer, but for some, the consequences of rising utility costs can be a lot more serious. He pointed to the National Weather Service’s prediction that much of the country will probably have above-normal temperatures this summer. The difference in projections stems from the association assuming higher rates of usage because of hotter temperatures, Wolfe said. The Low Income Home Energy Assistance Program, known as LIHEAP, has $4.1 billion to help consumers with heating and cooling costs, down from $6.1 billion in the prior fiscal year. “Because of the lack of a coherent policy to address summer cooling, people will die this summer from heatstroke,” Wolfe said.
Persons: Mark Wolfe, , Wolfe, Diana Hernandez, Hernandez, , ” Hernandez, arrearages, ” Wolfe Organizations: CNN, National Energy Assistance, Association, Center for Energy, US Energy Information Administration, Department of Health, Human Services, Energy, Columbia University, Income, Energy Assistance, US Census Bureau, District, Columbia, National Weather Service Locations: Pacific, Chicago, heatstroke
He landed on an option that's becoming increasingly popular with top MBAs and entrepreneurs: launching his own search fund. AdvertisementHere are three reasons why he decided on a search fund:Shift in the search fund businessSingh graduated from Harvard's MBA program in 2022. "Historically, tech people have stayed away from search funds because it's not exciting to them," he said. These could be projects that convert on-premise software companies to cloud companies or projects that change one-time software purchases to yearly subscriptions. Singh said he knew of about 20 MBAs from his Harvard cohort who started search funds, out of about 800 in his class.
Persons: , Gaurav Singh, Singh, that's, he'd, wouldn't, Harvard Organizations: Service, Harvard Business School, Business, Stanford Graduate School of Business, Stanford, Investors Locations: Toronto, Stanford, Midwest
According to a report by the National Association of Realtors, pending home sales fell 1.5 percent in October to their lowest level in 20 years. These so-called pending sales are a forward-looking indicator of closed sales one-to-two months later. Pending sales were 7.4% lower than in April of last year. Because the count is based on signed contracts, it shows how buyers are reacting to mortgage rates in real time. With home prices still climbing and supply very low, leading to increased competition, that jump in rates had a huge effect on sales.
Persons: Justin Sullivan, Lawrence Yun, Yun, Hannah Jones Organizations: National Association of Realtors, Mortgage News, NAR, West, Realtor.com Locations: CALIFORNIA, San Anselmo , California, Midwest, Redfin
Meanwhile, JPMorgan upgraded Huntington Bancshares to overweight from neutral, with a price target that implies upside of 31%. Analyst Scott Hanold's $90 price target implies that shares of Civitas could rise 25% from here. These two headwinds combined together could create near-term pressures for the stock by limiting Zscaler's billings growth, the analyst wrote. Nowinski's price target of $182, down from $275, implies the stock could rise 6% from here. The bank upgraded shares of the cruise operator to buy from neutral and lifted its price target to $24 from $21.
Persons: Mizuho, Scott Hanold's, Hanold, — Lisa Kailai Han, Wells, Andrew Nowinski, F4Q24, Nowinski, Patrick Cunningham, Cunningham, Lisa Kailai Han, Andrew Boone, Boone, Max, Duolingo, Ben Chaiken, Jan, Chaiken, Steven Alexopoulos, Alexopoulos, Huntington, Fred Imbert Organizations: CNBC, Cruise Line, JPMorgan, Huntington, RBC, Civitas Resources, RBC Capital Markets, Citi, DuPont DuPont, DuPont, Max, Mizuho, Cruise Locations: DAU, Mizuho, Norwegian, Huntington Bancshares, Columbus , Ohio, Friday's
With my $40 budget, I typically get things like mochi ice cream and frozen taquitos. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I visit the chain about once a week and try to stick to a $40 budget. My list varies a bit each week, but there are some tried-and-true staples I reach for on a regular basis. This story is available exclusively to Business Insider subscribers.
Persons: , I'm Organizations: Service, Business Locations: Midwest
But while retirees might imagine spending their golden years full of pasta and palazzos, the realities of moving abroad are much less romantic. He didn’t think retiring abroad was feasible. Packing up shopAs America’s retirement crisis grows, so too does the dream of retiring abroad. “People need to think about estate planning, which is often different abroad,” said Brett Spencer, the founder of Impact Financial, a financial advisory firm that specializes in Americans living abroad. I think that’s the reality that a lot of people probably aren’t prepared for,” said Peddicord, who splits her time with her husband between Paris and Panama City, Panama.
Persons: Laura Barnett, She’s, Chris, Chris Barnett, didn’t, Laura, , We’ve, , ” Chris, there’s, won’t, It’s, Brett Spencer, ” Spencer, he’s, Italy Patience Dunbar, Charles Ippoliti, Patience Dunbar Patience Dunbar, Charles, they’ve, Patience, Giorgia, We’re, you’ll, Kathleen Peddicord, Peddicord, don’t, Jacki Dahl, Bill Dahl, Bill Organizations: New, New York CNN, US Department of Defense, CNN, Gallup, Social, Impact, Invest Overseas, , , Rocky, Expiatorio Locations: New York, Kentucky, Poitiers, France, Fayetteville , North Carolina, Portugal, Aveiro, Europe, Monmouth, Italy, Arona, Milan, Oregon, Kansas, United States, Paris, Panama City, Panama, States, Reno, Guadalajara, Mexico,
We lived in San Diego for a few years after college, and then we moved to San Francisco in 2018. Matine: San Francisco is amazing. But San Francisco was apocalyptic. We had a three-story, four-bedroom place for half the price of our condo in San Francisco. The facility we're currently in is only a little more expensive than my rent in San Francisco, and this is 20,000 square feet.
Persons: , John Yuksel, Matine Yuksel, I've, He's, Matine, Francisco, COVID, Beltways, John, Matine Yuksel John, There's, It's Organizations: Service, Business, Walmart, Apple Locations: San Francisco, Dubuque , Iowa, Cincinnati, Northern Kentucky, Arizona, San Diego, Francisco, Istanbul, Midwest, Iowa, Dubuque, Mississippi, Mount Adams, It's, California, Tucson
How to Stay Safe in Extreme Heat
  + stars: | 2024-05-24 | by ( Nina Agrawal | ) www.nytimes.com   time to read: +1 min
Rates of emergency room visits for conditions related to heat rose substantially in many parts of the United States last summer, according to the Centers for Disease Control and Prevention. We asked emergency room doctors around the country what the public should know about extreme heat. Heat-related illnesses range from minor rashes to life-threatening heat strokes. Mild heat illnesses include heat rash; swelling in the hands and feet; muscle cramps; and heat syncope, or a fainting episode after standing too long or getting up suddenly. People with heat exhaustion have more severe symptoms, which could include headache, nausea, vomiting and dizziness.
Persons: Hany, Jackson Organizations: Centers for Disease Control, Jackson Memorial Hospital Locations: United States, Miami
AdvertisementI'll soon have an empty nest, with my bird nearly 2,000 miles away, and I'm already dreading it. He decided to go to college far from homeHis father and I are incredibly proud of him and know he's ready for this next big step. He's ready to be close to the ocean, meet new friends, and dive headfirst into his film studies. While our son is raring to go and ready to meet the world on his own terms, I'm not sure I'm ready for him to be thousands of miles away. In the meantime, get ready world.
Persons: He'll, whittle, I'm, raring Organizations: Service, Business, Grand Central Locations: East Coast, California, Los Angeles
This is the first part in a series exploring Baltimore’s overdose crisis. People in Baltimore have been dying of overdoses at a rate never before seen in a major American city. In the past six years, nearly 6,000 lives have been lost. The city set ambitious goals, distributed Narcan widely, experimented with ways to steer people into treatment and ratcheted up campaigns to alert the public. Many of those efforts to fight overdoses stalled, an examination by The New York Times and The Baltimore Banner has found.
Organizations: New York Times, Baltimore Locations: Baltimore, American, Appalachia, York
Multiple fatalities and some injuries have been reported in the small city of Greenfield, Iowa – about 50 miles southwest of Des Moines – after a tornado carved a devastating path through the community Tuesday evening, Iowa State Patrol spokesperson Sgt. “There is basically nothing left,” Clel Baudler, a former Iowa state representative who lives a half mile from Greenfield, told CNN on Tuesday. Power outages across Iowa, Wisconsin and Illinois left nearly 200,000 homes and businesses in the dark as of Tuesday night, according to PowerOutage.us. A few tornadoes could strike from Texas to Arkansas, but hail and powerful winds are possible anywhere along the storms’ path. Heaps of rubble blanket Greenfield, Iowa, after a tornado touched down Tuesday.
Persons: Alex Dinkla, Dinkla, Clel, Kim Reynolds, Charlie Neibergall, Valerie Warrior, KCCI, , , “ They’ll, CNN’s Jessica Jordan, Sara Smart, Amy Simonson Organizations: CNN, Midwest, Des Moines, Iowa State Patrol, Storm Prediction Center Locations: Iowa, Greenfield , Iowa, Des, Greenfield, Iowa , Wisconsin, Illinois, Texas, Vermont, Ohio, Great, Arkansas, Oklahoma, Dallas, Fort Worth, Nashville, St, Louis, Memphis, Cleveland, Tulsa, Columbus, Iowa , Minnesota , Wisconsin, Western Iowa, Prescott, Adams County, Montgomery County
Read previewRobert F. Kennedy's children have spent a lifetime trying to add their marks to their slain father's legacy. The first Kennedy to run for the presidency in decades, Robert F. Kennedy Jr. is doing so without the family's well-documented loyalty. Born into privilege in 1954, Robert F. Kennedy Jr. was raised between Massachusetts and suburban Virginia estates. Robert F. Kennedy Jr. was later a pallbearer at his father's funeral, joined by Astronaut John Glenn and former Defense Secretary Robert McNamara. Robert F. Kennedy Jr. was one of the pallbearers in his father's funeral.
Persons: , Robert, Robert F, Kennedy, Kennedy Jr, McLean, Ethel Kennedy, wasn't, Kathleen, Joseph P ., Hubert Humphery's, Astronaut John Glenn, Robert McNamara, Michael Ochs, Jack Paar, Oprah, Frank M, Johnson Jr, Emily Black, Robert Morgenthau, JFK, Robert Boyle, Mary Richardson, Kerry Kennedy, Boyle, William Wegner, Wegner, Wegener, spasmodic dysphonia, Richardson, Cheryl Hines, Larry David Organizations: Service, Camelot, Business, RFK, Georgetown Preparatory School, Astronaut, Michael Ochs Archives, Georgetown Prep, Millbrook School, Harvard, JFK, RFK Jr, Civil, London School of Economics, University of Virginia Law School, Southern, of, The New York Times, Natural Resources Defense Council, Fishermen's Association, Washington Post, Hudson, Time Magazine, Los Angeles Times, STAT, World Health Defense Fund, Associated Press Locations: Massachusetts, Virginia, Hickory Hill, McLean , Virginia, New York, Charlottesville, Black's, Bloomington , Indiana, Dominican Republic, Manhattan, of New York, South Dakota, York, Hudson, Bedford
Sales of homes priced below $100,000 fell 7.1% year over year, while sales of those priced over $1 million jumped 40%. The median price of an existing home sold in April was $407,600, an increase of 5.7% year over year. The median price in the Northeast was $458,500, up 8.5% year over year. The median price in the West was $629,600, up 9.3% from April 2023. Correction: The supply of homes priced at more than $1 million was up 34% year over year.
Persons: Lawrence Yun, Yun Organizations: National Association of Realtors, Realtors Locations: Issaquah Highlands, Issaquah , Washington, US, Midwest, West
How Red Lobster choked on its own Endless Shrimp deal
  + stars: | 2024-05-21 | by ( Allison Morrow | ) edition.cnn.com   time to read: +4 min
First, Red Lobster got screwed by private equity. Back in 2014, the Darden restaurant group spun off Red Lobster to a private equity firm. Thai Union, under Kenny’s direction, elbowed out other shrimp suppliers, “leaving Thai Union with an exclusive deal that led to higher costs to Red Lobster,” according to the filing. And if you’re the exclusive provider of shrimp to America’s biggest seafood chain, what’d be better than making that limited-time all-you-can-eat shrimp deal a permanent menu item? The all-you-can-eat shrimp deal alone didn’t doom Red Lobster, but boy did it do some damage at a time when the chain was already buckling.
Persons: Nathaniel Meyersohn, , Management wasn’t, Jonathan Tibus, Tibus, Paul Kenny, Kenny Organizations: New, New York CNN, Darden, Management, Thai Union, CNN Locations: New York, foundering, Bangkok, Thai
Damaging storms brought punishing winds and possible tornadoes to Iowa on Tuesday afternoon, leaving at least one dead and causing considerable destruction in the latest in a run of severe weather to have struck the Midwest in recent weeks. A woman suffered a storm-related death in Adams County, according to Lisa Brown, the county’s medical examiner. One of the structures appeared to have caught fire, releasing a large plume of smoke. Footage circulating on social media appeared to show extensive damage in a residential area of Greenfield, Iowa, a small city of about 2,000 residents in Adair County about 50 miles southwest of Des Moines. Video captured by a storm chaser showed a stretch of homes that had been reduced to piles of wood and rubble, and people being escorted away by emergency officials.
Persons: Lisa Brown Organizations: Des Moines . Locations: Iowa, Adams County, Des Moines, Greenfield , Iowa, Adair County
The 2024 list is out — and the best cities to live in are mostly in the South and the Midwest. AdvertisementThis year's top spots include a few cities consistently ranked among the best places to live, including booming Boise, Idaho, sandstone-hued Colorado Springs, and the southern banking hub of Charlotte, North Carolina. In addition to the availability of jobs and housing, US News & World Report places a strong emphasis on the overall standard of living in each area. AdvertisementAccording to US News & World Report, here are the 15 best places to live in the US. In these spots, residents are pretty satisfied with their lives, homes are relatively affordable, and there are plenty of jobs.
Persons: , Louis, glamor Organizations: Service, Business, Federal Reserve Bank of St, US News Locations: United States, Boise , Idaho, Colorado, Charlotte , North Carolina, Austin , Texas, Carolina, Greenville, Charleston , South Carolina, Naples , Florida, Naples
In January, Steak 'N Shake, a fast-casual restaurant in the Midwest, started installing facial recognition kiosks in its 300 locations for patron check-in. "We believe our partnership with JPMorgan is a watershed moment for biometric payments as it represents the first time a leading merchant acquirer has agreed to push biometric payments to its merchant customers," Miller said. "JPMorgan brings the kind of credibility and assurance that both merchants and consumers need to adopt biometric payments." The majority still prefer fingerprint scans to facial recognition, according to a 2023 survey from PYMENTS, but age is a factor. Juniper Research forecasts over 100% market growth for global biometric payments between 2024 and 2028, and by 2025, $3 trillion in mobile, biometric-secured payments.
Persons: PopID, Dennis Gamiello, John Miller, Miller, acquirer, Sheldon Jacobson, Jacobson Organizations: Foods, Mastercard, NEC, Target, AliPay, KFC, JPMorgan, Consumers, Juniper Research, University of Illinois, Facebook Locations: Flippy, Pasadena , Calif, Midwest, Brazil, Asia, Pacific, Illinois, China, McDonald's, U.S, Urbana, Champaign
A Business Insider analysis of US Census Bureau data reveals that while 52.7% of Utah's population falls in the middle class, just 42.3% of New Yorkers are middle class. Pew Research Center defines being middle class as earning between two-thirds and double each state's median income. Still, the median income per state can be as high as $101,000 and as low as $52,700, meaning that being middle class in one state could be either lower or upper class in another state. Many on the lower end of the middle class are particularly worried about having enough to meet all their daily needs while also saving for retirement. Do you feel middle class?
Persons: Organizations: Service, Pew Research, Business, Census Locations: In Texas, Minnesota, Utah , Idaho, Alaska, States, Delaware , Wisconsin, Wyoming, Midwest, New York , Louisiana, Massachusetts, New Jersey , Maryland, New Hampshire, . New York , California , Connecticut, Virginia, Alaska , Utah, Idaho, Washington , DC . Mississippi, West Virginia, . New York, Massachusetts , Montana, Hawaii, Colorado, nsheidlower@businessinsider.com
CNN —Millions across parts of the Central Plains are at risk for severe weather Sunday that could bring tornadoes, tennis ball-sized hail and damaging winds to the area. “Destructive wind swaths of 80-100 mph may occur, with localized extreme gusts exceeding 100 mph possible,” the Storm Prediction Center warned. The severe weather in Houston Thursday included a derecho with 100 mph winds. “Scattered severe storms are expected to affect the region Sunday afternoon and evening,” the National Weather Service in Wichita said. Through early next week, the Central US faces an increasing threat of severe weather and excessive rainfall, according to the National Weather Service.
Persons: “ We’re, Matt Elliott, , Storms Organizations: CNN, Storm, Storm Prediction Center, Storm Prediction, National Weather Service Locations: Central, Gulf Coast, Plains, United States, Florida, Georgia, South Carolina, Central Plains, Houston, Kansas, Dodge City, Salina, Hutchinson, Garden City, Hays, Wichita, Michigan , Wisconsin, Illinois, Chicago, Detroit, Mississippi, Lower Michigan, Harris County
Years ago, in what feels like another life, I elected to trade my freedoms to be a housewife because my then-husband said it was the right thing to do. I would never wish this experience to be insisted on anyone, especially knowing everything I do now. My ex-husband insisted I didn't need to worry about things because he would care for me. But 15 years after my marriage, I'm still trying to compensate for the time and heart lost in that one decision. If I had a time machine, I would, without hesitation, go back and change my choice of being a housewife in my 20s.
Persons: I'd, Young, didn't, Harrison Butker, I'm Organizations: Kansas Chiefs Locations: Midwest, San Diego
Out of the valid votes counted, 56% of workers voted “no,” while 44% voted “yes” for unionization, according to Mercedes-Benz. Under relatively new UAW president Shawn Fain, the UAW had shifted its strategy for a membership push in non-unionized factories, many of which are located in the American South. David Johnston, right, a worker at Mercedes, thanks UAW President Shawn Fain following a press conference in Tuscaloosa, Alabama on May 17, 2024, after workers at two Alabama Mercedes-Benz factories voted overwhelmingly against joining the United Auto Workers union. Alabama is not Michigan, and we are not the Sweet Home to the UAW,” Ivey said in the statement. People react as the result of a vote comes in favour of the hourly factory workers at Volkswagen's assembly plant to join the United Auto Workers (UAW) union, at a watch party in Chattanooga, Tennessee, U.S., April 19, 2024.
Persons: Shawn Fain, Fain, , ” “, ” Fain, David Johnston, Kim Chandler, , Kay Ivey, Vance, ” Ivey, Mercedes, Tesla, Seth, Wheaton, Mercedes plant’s, It’s, Mercedes Benz, ” Wheaton, “ It’s, Chris Isidore, Nathaniel Meyersohn Organizations: New, New York CNN, United Auto Workers, Mercedes, Benz, The National Labor Relations Board, UAW, Alabama, Big Three, Volkswagen, International, Team, Workers, Alabama Gov, Benz US International, Member, ” CNN, US, BMW, Honda, Hyundai, Mazda, Nissan, Subaru, Toyota, Volvo, Seth Herald, Reuters, Chattanooga, Volkswagen didn’t, Cornell University School of Industrial and Labor Relations ’, CNN, P Global Market Intelligence Locations: New York, Benz, Alabama, United States, Chattanooga , Tennessee, American, Tuscaloosa , Alabama, MBUSI, Alabama , Georgia , Mississippi, South Carolina , Tennessee, Texas, Michigan, U.S, Cornell University School of Industrial and Labor Relations ’ Buffalo
After decades of painful decline, Detroit’s population grew in 2023, according to new estimates released on Thursday by the Census Bureau. The increase — to 633,218 from 631,366 residents — was slight, lifting Detroit to slightly below levels of 2021. City leaders have long promised to reverse Detroit’s long decline in residents brought on by the shrinking of the auto industry, flight to the suburbs and municipal bankruptcy. The new census estimates showed similar, moderate population rebounds for many big cities in the Midwest and Northeast after previous pandemic-era declines. In the Midwest, cities of that size grew 0.1 percent in 2023 after declining an average of 0.2 percent the year before.
Persons: Organizations: Census, Detroit Locations: Midwest
New York CNN —A high-stakes union election is underway at a Mercedes-Benz plant near Tuscaloosa, Alabama, the only plant for the luxury automaker in North America. The fallout will be significant whether the workers at Mercedes-Benz vote to join the United Auto Workers union or not. And last month, it won a union election at a Volkswagen plant in Chattanooga, Tennessee, its first victory in three attempts to organize the factory. Though a union win could generate momentum, it doesn’t mean a victory will mean other plants can overcome management opposition at other foreign-owned plants. Non-union automakers have already begun their response to the big union victories thus far.
Persons: Shawn Fain, Fain, , , Tesla, Mercedes, Mercedes ’, , MBUSI, Wheaton, Mercedes plant’s, It’s, Mercedes Benz, ” Wheaton, “ It’s, Harry Katz, ” Katz, Katz, ’ ” Katz, they’ve, CNN’s Chris Isidore, Nathaniel Meyersohn Organizations: New, New York CNN, Benz, Mercedes, United Auto Workers, UAW, Big Three, Volkswagen, Kia, Toyota, US, BMW, Honda, Hyundai, Mazda, Nissan, Subaru, Volvo, Team, The National Labor Relations Board, Benz US International, Member, Volkswagen didn’t, Cornell University School of Industrial and Labor Relations ’, CNN, “ Labor, Big, – GM, Ford, Cornell University School of Industrial and Labor Relations, P Global Market Intelligence, General Motors Locations: New York, Tuscaloosa , Alabama, North America, Chattanooga , Tennessee, United States, Vance , Alabama, Tuscaloosa, , Cornell University School of Industrial and Labor Relations ’ Buffalo, Alabama, Alabama , Georgia , Mississippi, South Carolina , Tennessee, Texas
Blum turned to programs mostly in states where abortion access — and, by extension, abortion training — is likely to remain protected, like California, Colorado, and New Mexico. The AAMC analysis found the number of applicants to OB-GYN residency programs in abortion ban states dropped by 6.7%, compared with a 0.4% increase in states where abortion remains legal. For internal medicine, the drop observed in abortion ban states was over five times as much as in states where abortion is legal. The AAMC analysis notes that even in states with abortion bans, residency programs are filling their positions — mostly because there are more graduating medical students in the U.S. and abroad than there are residency slots. Stulberg and others worry that this self-selection away from states with abortion restrictions will exacerbate the shortages of physicians in rural and underserved areas.
Persons: — Isabella Rosario Blum, Blum, , , , Atul Grover, ” Jack Resneck Jr, Wade, Resneck, Beverly Gray, Gray, Duke, Rohini Kousalya Siva, Kousalya Siva, “ We’re, Debra Stulberg, Stulberg, Hannah Light, Olson, Dr, Sanjay Gupta Organizations: Health, , Association of American Medical Colleges, KFF Health, OB, Research, Action Institute, American Medical Association, Duke University School of Medicine, MedStar Washington Hospital Center, Washington , D.C, D.C, American Medical Student Association, Department of Family Medicine, University of Chicago, University of California, CNN, CNN Health, Residents, KFF Locations: Arizona, California , Colorado, New Mexico . Arizona, Seattle, Midwest, U.S, North Carolina, Washington ,, Maryland , New Hampshire , New York, Washington, Virginia, Tennessee, San Francisco, California, New York
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