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☆ Here's why investors can expect returns in the S&P 500 this year after 2022's stock market bloodbath.
▼ + stars: | 2023-01-04 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

This time last year, the S&P 500 was coming off its all-time closing high, which had arrived on 2022's first day of trading. It's only happened four times, but when the S&P 500 sees back-to-back losing years, the second is always worse. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 2, 2020. And if you look at Bank of America's Sell Side Indicator, a year in the green for the S&P 500 seems to be in the cards. Morgan Stanley just revamped a nine-stock list that's beaten the S&P 500 by 18% over time.

☆ 5 things wildly successful real-estate brokers do to get the most out of their days
▼ + stars: | 2022-12-31 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +7 min

Fellow New York-based Douglas Elliman agent Lisa Simonsen also had a former career in fitness. As such, the agent who sold more than $100 million in 2022 makes sure she works out in her building's gym, usually on a spin bike, every morning. McKenzie RyanFormer Junior Olympian and real-estate wunderkind McKenzie Ryan used to compete on the national level in rhythmic gymnastics. Serhant gets a new SUV every year "just to update it," though he said he makes sure his car and clothes are never nicer than his clients'. The Douglas Elliman agent knows what she has to do to succeed: She was the top-selling agent in Miami in 2021 with $750 million in transactions.

☆ U.S. ramps up immigration arrests mostly at Mexican border
▼ + stars: | 2022-12-30 | by ( Mica Rosenberg | ) www.reuters.com time to read: +3 min

NEW YORK, Dec 30 (Reuters) - Immigration arrests nearly doubled in 2022 compared to 2021 as border authorities apprehended more migrants and courts blocked efforts by U.S. President Joe Biden to more narrowly target detentions to focus on serious criminals. Around two-thirds of those arrests were of people with only immigration violations, the data showed. Most were migrants apprehended at the U.S.-Mexico border with no criminal convictions or charges pending and who were transferred to ICE, officials said on a call with reporters. U.S. Border Patrol agents apprehended a record 2.2 million migrants at the southwest border in the 2022 fiscal year. Those not expelled are either released into the country to pursue immigration claims or detained by ICE.

☆ 9 fascinating details hidden inside Barbie Dreamhouses throughout history
▼ + stars: | 2022-12-29 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +3 min

The Barbie Dreamhouse debuted in 1962, three years after its plastic resident hit toy store shelves. Nine details in the homes show us what Barbie — and we — value, from ambition to accessibility. Barbie hit toy store shelves in 1959, with the first Dreamhouse following three years later for $8. The new book "Barbie Dreamhouse: An Architectural Survey" takes a look at Barbie's history through the architecture and interiors of her consistently updated bachelorette pad. When the Barbie Dreamhouse debuted, it was a vision of a bachelorette pad for a woman unmoored from the expectations of her day.

☆ Crumbling tech stocks and recession fears have cratered the fortunes of the wealthiest Americans including Elon Musk and Jeff Bezos.
▼ + stars: | 2022-12-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Britta Pedersen-Pool/Getty Images; Arif Hudaverdi Yaman/Getty Images; KENZO TRIBOUILLARD/Getty Images; Mike Cohen/Getty Images; Yuqing Liu/Business Insider1. Besides the fallen crypto king, many of these shrinking fortunes can be chalked up to this year's bloodbath in the tech stocks. How has Elon Musk's involvement with Twitter impacted your outlook for Tesla stock? Tesla stock price on December, 29, 2022 Markets Insider10. Tesla stock climbed Wednesday as dip-buyers poured into the EV maker.

Frosty diplomatic relations between the United States and the governments of Cuba, Nicaragua and Venezuela have complicated deportations to those countries. The new rules for Cubans, Nicaraguans and Haitians would be modeled on an existing program for Venezuelans launched in October. Mexico has only accepted the expulsion of some nationalities, mostly Mexicans and Central Americans, under Title 42. Two officials said the policy shift for Cubans, Haitians and Nicaraguans could come as soon as this week. Close to half of those arrested were rapidly expelled under the Title 42 policy.

☆ Defense stocks will be a good place for equity exposure in '23, says David Rosenberg
▼ + stars: | 2022-12-28 | 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 EmailDefense stocks will be a good place for equity exposure in '23, says David RosenbergDavid Rosenberg, Rosenberg Research founder and president, joins 'Closing Bell' to discuss the market impact of China's reopening, stock winners into next year and his thoughts on defense stocks.

☆ A day in the life of Lisa Simonsen, an NYC luxury real-estate agent who takes calls at 3 a.m., counts Kelly Ripa as a client, and closed over $100 million in deals in 2022
▼ + stars: | 2022-12-28 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +7 min

Lisa Simonsen is a New York high-society fixture and a real-estate broker with Douglas Elliman. She has closed over $2 billion in deals since 2005, with over $100 million in sales in 2022. Her day starts at 5 a.m. with cycling and green juice and ends at 10 p.m. with client phone calls. These days she is among the top-selling brokers at brokerage Douglas Elliman, where she heads up the ten-member Simonsen Team. "I'm very passionate about my work," Simonsen said.

Insider's rising stars of real estate span roles in leasing, affordable housing, and urban planning. We asked the young achievers about the books that influenced their careers or personal growth. For some of Insider's rising stars of 2022, the subject matter might surprise you. Other rising stars told Insider they wanted to learn from the trials and tribulations of successful people, like the Nike cofounder Phil Knight. Below, find the selection of 29 books that influenced the rising stars, along with their musings of what they learned or how they applied the lessons to their practices.

☆ How a millennial transformed his childhood home into a maximalist Georgian mansion that he rents out for nearly $200 an hour for photo and video shoots
▼ + stars: | 2022-12-24 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +7 min

Emmanuel Hébert grew up in a small Montréal house that he has transformed into a Georgian mansion. He also rents it out for $184 an hour and uses the funds to further renovate the mansion. The living room of Manoir Blackswan in its full glory, dripping in antique chandeliers Hébert sells through his antiques business. Emmanuel HébertThe mansion is Hébert's home, where he's raising his 5-year-old son, Romeo, as well as a showroom for his antiques business. On Instagram, nearly 10,000 people follow Manoir Blackswan — what he calls the mansion — and 13,700 people follow his antiques business.

☆ Sam-Bankman Fried to be released on $250 million bail and will be required to stay with parents ahead of FTX trial
▼ + stars: | 2022-12-22 | by ( Jacob Shamsian | Sindhu Sundar | ) www.businessinsider.com time to read: +6 min

Sam Bankman-Fried was granted release on $250 million bail at a court hearing Thursday. He will be required to surrender his passport and stay with his parents ahead of a federal trial on a list of charges tied to the failure of FTX. Bankman-Fried will be required to attend a court hearing in California at 10 a.m. Friday, Gorenstein ruled. Another court hearing is scheduled for January 3 in Manhattan, where Bankman-Fried is expected to enter a plea. Criminal allegations against Ellison and Wang, first filed on December 19, were unsealed in court on Thursday morning ahead of Bankman-Fried's court appearance.

☆ Israeli startup makes inroads with personal flying vehicle
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +2 min

[1/5] An employee of Israeli startup AIR, sits in a prototype of AIR ONE, an electric vehicle designed to fly commuters on short trips far above streets overcrowded with cars in Beersheba, Israel December 18, 2022. The test-phase voyage may not look out of the ordinary at first given the huge progress made in drone technology. But this one, being developed by Israeli startup AIR, will be able to carry two people - an operator and passenger - as far as 100 miles on a single charge, the company says. Average day-to-day speed will be about 100 mph (160 kph) at an altitude of 1,200 feet (366 m), Plaut said. Reporting by Amir Cohen, Eli Berlizon, Hannah Confino and Ilan Rosenberg; Editing by David EvansOur Standards: The Thomson Reuters Trust Principles.

House bows are becoming a popular way for real-estate agents to add pizzazz to newly sold homes. House bows are often purchased by local realtors to celebrate closings or drum up interest in a property, and by particularly spendy gifters looking to surprise their family members or spouses with a new abode. King Size BowsSteven Rosenfield, the owner of Giant Bows in Old Lyme, Connecticut, has observed a similar bump in business. Hughes charges around $600 plus shipping for an average 6-foot, two-loop house bow. A King Size Bow used for decoration.

REUTERS/Jordan VonderhaarWASHINGTON/CIUDAD JUAREZ, Mexico, Dec 19 (Reuters) - The U.S. Supreme Court on Monday said COVID-era restrictions at the U.S.-Mexico border that have prevented hundreds of thousands of migrants from seeking asylum should be kept in place for now, siding with Republicans who brought a legal challenge. U.S. President Joe Biden, a Democrat, had campaigned on overturning Trump's hardline immigration measures before taking office in 2021 but kept Title 42 in place for more than a year. A federal judge last month ruled Title 42 was unlawful in response to a lawsuit originally by asylum-seeking migrants represented by the American Civil Liberties Union (ACLU). Hours later, Chief Justice John Roberts in a brief order issued a stay that will leave Title 42 in place until further notice from the court. In El Paso, shelters have struggled to house newcomers even as many ultimately are headed to join relatives in other parts of the United States.

They had traveled there in anticipation that the COVID-19 restrictions, known as Title 42, would be lifted on Wednesday as ordered by a U.S. court. Title 42 allows U.S. authorities to rapidly expel migrants to Mexico and other countries without a chance to seek U.S. asylum. But in an last-minute move, the U.S. Supreme Court on Monday allowed Title 42 to remain in place temporarily while a Republican legal challenge seeking to extend the measures is decided. Under Title 42, the United States typically can only expel migrants from Guatemala, El Salvador, Honduras and Venezuela to Mexico. Title 42 was originally issued in March 2020 under Republican former President Donald Trump at the beginning of the COVID-19 pandemic.

The temporary order from the nation's highest court means Title 42 will stay in place until further notice from the court. Title 42, aimed at slowing the spread of COVID-19, was issued in March 2020 under Republican former President Donald Trump, an immigration restrictionist. Jean-Pierre stressed that migrants entering illegally could still be removed via other means even if eventually Title 42 goes away. "Truly, I am asking from my heart for the opportunity to enter" the United States. In El Paso, shelters have struggled to house newcomers even as many ultimately are headed to join relatives in other parts of the United States.

[1/5] A Texas National Guardsman watches as a group of migrants wades across the Rio Grande as U.S. border cities brace for an influx of asylum seekers when COVID-era Title 42 migration restrictions are set to end, in Eagle Pass, Texas, U.S. December 18, 2022. But because of an ongoing legal battle, it remains unclear whether Title 42 will end on Wednesday. For months, El Paso has been receiving large groups of asylum-seeking migrants, including many Nicaraguans who cannot be expelled to Mexico. On Saturday, the city's mayor declared a state of emergency to move migrants from city streets as temperatures have dropped below freezing. In El Paso, shelters have struggled to house incoming migrants, straining limited resources that are already accommodating the local homeless population.

☆ Luxury homebuyers want plunge pools, infrared saunas, and 'spiritual concierges,' according to two star brokers who've sold $4 billion of real estate so far this year
▼ + stars: | 2022-12-19 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +6 min

Real-estate agents Fredrik Eklund and John Gomes said luxury homebuyers want wellness perks at home. More than gyms and swimming pools, they're seeking out extras like infrared saunas and plunge pools. On-demand perks like "spiritual concierges" and IV treatments are becoming more popular. Speaking about the year ahead alongside Eklund Gomes Team CEO Julia Spillman, they said wellness perks remain at the top of the list of must-haves for luxury homebuyers of both condos and single-family residences. The Eklund Gomes Team has big plans for the year aheadThe Eklund Gomes Team plans to grow, even as the real-estate market at large is slowing down.

☆ Allen Weisselberg could get more time since the Trump Org guilty verdict required jurors to find he lied
▼ + stars: | 2022-12-17 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

A judge could rule Weisselberg violated the deal because jurors, by their verdict, found he lied. He has been promised a five-month jail sentence as part of his August plea deal. But that deal required Weisselberg, 75, to testify truthfully against former President Donald Trump's real-estate company, where he's worked since the 1970s. "Weisselberg says over and over, 'I, together with the Trump Organization,'" Florence, now in private practice, noted of his guilty plea. Trump Organization lawyers have already promised to appeal the verdict itself.

☆ Child workers found throughout Hyundai-Kia supply chain in Alabama
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +16 min

Hyundai and Kia now have dozens of suppliers in Alabama, according to the Economic Development Partnership of Alabama, a business group. The agency, they said, hired underage workers while they worked there. “It was my first job in the United States and this is not what you would expect to see here.”Six other former workers told Reuters they, too, saw underage workers at Ajin’s two factories in Cusseta. Herrera said he raised concerns about the underage workers with managers at SMART, but was brushed off. The officials, wearing shirts that bore Hyundai logos, inspected the assembly line even as underage workers labored there, Herrera said.

☆ A former Disney Imagineer started out carving iconic theme-park signs from wood. Now he's a craftsman making custom works of art for Disney fans that cost $50,000 and take 350 hours.
▼ + stars: | 2022-12-16 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +7 min

A recent commission of a "Beauty and the Beast"-themed mantel face measuring 6 feet by 14 inches took Kinman, by his estimate, around 350 hours from August to November. 2022 — 'Beauty and the Beast' mantel face (private collection)Kinman's 'Beauty and the Beast' mantel face was for a private collection in Oregon. The other side of the mantel face depicts the characters Mrs. Potts and Chip. Here he's carving a door out of mahogany. He's also excited about a carving he's been commissioned to do of Scrooge McDuck sitting in his money room.

☆ A Guide to Midtown Manhattan—for Visitors and Jaded Locals
▼ + stars: | 2022-12-15 | by ( Christian L. Wright | Photographs Jonah Rosenberg For The Wall Street Journal | ) www.wsj.com time to read: 1 min

MIDTOWN, the wide belt of Manhattan that spans from 34th Street to 57th Street, is often called the heart of the city. But New Yorkers view it as more of a spleen—a part you can definitely live without. Though the district was largely abandoned during the Covid pandemic—even the blinding throb that is Times Square—it’s had time to reimagine itself. Good timing, too: At the most wonderful time of the year, bells, boughs, lights and holly fill this patch, with a giant Christmas tree shimmering in the middle of it all.

☆ Luxury homebuyers are scooping up smaller houses, encouraged by lower mortgages, less maintenance, and fewer family members hanging around
▼ + stars: | 2022-12-14 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +4 min

Wealthy buyers are seeking smaller homes, according to the real-estate brokerage Coldwell Banker. Among them are a desire to have a more efficient and manageable home, and downsizing of family units that grew larger during the coronavirus pandemic, they said. What it all means is that these luxury homebuyers are increasingly competing with regular folks just trying to put a roof over their heads. "That's a lot of people competing with the millennials who delayed homebuying" and their decision to have families, Steinberg said. Though the home is smaller than the one in which they raised their family, they want to downsize again.

☆ Georgia Holt, actress and Cher’s mother, dies age 96
▼ + stars: | 2022-12-12 | by ( Toyin Owoseje | ) edition.cnn.com time to read: +2 min

CNN —Cher is mourning the loss of her mother, Georgia Holt, who has died at the age of 96. While no further details surrounding her death have been made public, Holt had struggled with health issues in recent months. In September, Cher shared that her mother had been hospitalized with pneumonia and had been suffering from recurring health issues. Mom is gone😔 — Cher (@cher) December 11, 2022Following news of Holt’s death, tributes poured in from fans and celebrities. “I cried from the special, I cried from the album coming out after all these years,” Holt told the Huffington Post at the time.

☆ Republicans struggle in the Southwest as Latino voters stick with Democrats
▼ + stars: | 2022-12-11 | by ( Natasha Korecki | Natasha Korecki Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +10 min

It belies a conventional narrative that Democrats were universally ceding Latino voters to the Republican Party, a story line repeated throughout the run-up to the Nov. 8 midterms. Instead, indicators show the GOP in danger of losing Latino voters in this region, a prospect that could mean being boxed out of the Southwest for the long term. In New Mexico, the state with the most residents identifying as Hispanic or Latino in the country, Latino Democrats won nearly every statewide race. Even with some Latino voters staying home, NBC News exit polling showed that Cortez Masto won more than 60% of that vote. Still, there’s plenty of danger signs for Democrats when it comes to Latino voters, particularly among men.

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