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Rep. George Santos' sister, Tiffany, once bilked the landlord of her Queens apartment out of $40,000 in rent, according to court documents. A lawyer for the landlord told Insider Thursday that she has not started making payments. Two lawyers for legal services who represented Devolder Santos in the case didn't immediately return emails seeking comment. On Thursday afternoon, Santos told Insider by text message that he never lived at the Elmhurst apartment. "As for my sisters Perosnal (sic) dealings I'm unaware of them and find it interesting that the struggles of a private citizen newsworthy," Santos told Insider by text.
Persons: George Santos, Tiffany, , Tiffany Lee Devolder Santos, George Santos —, Devolder Santos, Todd Rothenberg, Santos, Rothenberg, Joseph Murray, Jacob Shamsian Organizations: Service, Queens County Civil Court, Property Partners, Queens, Daily, World Trade Center, Baruch College, New York University Locations: Queens, Queens County, Elmhurst, York, Brazil, Santos
Americans who are making six-figure incomes and looking to make their dollars stretch even further are flocking to Florida. The Sunshine State has gained the largest number of high-income workers who make at least $200,000, according to SmartAsset's most recent analysis. Florida's lack of state income tax also means high-earners are typically taxed less there compared to other metro areas around the country. High earners living in San Francisco could save around 24% of their salaries by moving to Miami, SmartAsset's study reveals. Here's how much money someone making between $150,000 and $650,000 can save by moving from San Francisco or Chicago to Miami, according to SmartAsset.
Organizations: The Sunshine State, Bureau of Labor Statistics, Fort, San, Sunshine State . Locations: Florida, Miami, Manhattan, New York, United States, Fort Lauderdale, West Palm Beach, San Francisco, Chicago
Madison Malone Kircher: In case you didn’t spot it, Carrie kicks off Episode 1 in a New York Times sweatshirt: white, oversize, with a subtle little logo. LL: The New York Times, leaving money on the table since 1851. MMK: There was also that “I Love Central Park” sweatshirt in Season 1. The Carrie of “And Just Like That” seems eager to wear her engaged-citizen bona fides on her sleeve (or sweatshirt, or phone case). LL: I cackled at the theme of this fictional Met Gala — “Veiled Beauty” — for its sheer plausibility.
Persons: Madison Malone Kircher, Carrie, , , fides, , Callie Holtermann, Lisa Todd, Valentino Organizations: New York Times
Today we've got stories on a startup helping you build your credit with rent payments, Wall Street reentering the home-buying frenzy, and how to cut out late-night snacking. But that hasn't stopped critics from painting BlackRock's filing as part of a wider power shift in crypto benefiting traditional financial firms. (It's worth noting that the announcement coincides with the launch of EDX Markets, a crypto exchange backed by Wall Street royalty like Citadel Securities, Fidelity, and Charles Schwab, per The Wall Street Journal.) Wall Street isn't in the business of supporting causes that could put it out of business. By partnering with traditional finance firms, crypto companies are letting the fox in the hen house.
Persons: Dan DeFrancesco, we've, Andrii Shyp, Arif Qazi, Wall, Insider's Rebecca Ungarino, Rebecca, Morgan Chittum, hasn't, Charles Schwab, I've, Read, Teresa Heitsenrether, Here's, We're, Netflix's, Jeffrey Epstein, Epstein, Bel, Gary Winnick, Kaja Whitehouse, Nathan Rennolds Organizations: EDX, Wall, Citadel Securities, Fidelity, Street, JPMorgan, Bloomberg, Netflix, US Virgin Islands, Bel, Air, LinkedIn Locations: BlackRock, New York, London
Some of the biggest hedge funds in the world are facing a problem that's proving just as challenging as predicting the markets. The Wall Street Journal has a story on that very conundrum, reporting on the tension at the $60 billion hedge fund Two Sigma between cofounders John Overdeck and David Siegel. While the structure of the modern hedge fund dates back to the 1940s, the industry really hit its stride during the 1990s. But I imagine not every hedge fund will want to go that route. And here's more on how hedge funds like Citadel and Millennium are transforming themselves with the help of Goldman Sachs' alumni.
Persons: Dan DeFrancesco, we've, cofounders John Overdeck, David Siegel, Overdeck, Siegel, cofounders, Goldman Sachs, Tracy Gray, Zhenni Liu, Wil Chockley, Charlie Hanna, Peter Deaner, Jeffrey Epstein, Jes Staley, Epstein, CliffsNotes, Bill Ackman, We've, Jeffrey Cane, Hallam Bullock Organizations: Sigma, Citadel, MaC, Marcy Venture Partners, JPMorgan, Columbia, Bloomberg, Financial Times, Pershing Square Capital, LinkedIn Locations: NYC, Los Angeles, Swiss, New York, London
What's next for BlackRock?
  + stars: | 2023-06-19 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +4 min
The biggest, and most obvious, change comes at the top, as BlackRock considers life without Larry Fink. The departure of Fink from BlackRock — a firm he's led since founding it with Robert Kapito in 1988 — is monumental in and of itself. But consider the state of affairs:Simply put, there's a lot going on these days at BlackRock. Insider's Rebecca Ungarino, our resident BlackRock expert, has a rundown of all the latest news at the massive money manager. More on everything that's happening at BlackRock as its CEO and cofounder considers his future.
Persons: Dan DeFrancesco, we've, Leonardo Munoz, don't, Larry Fink, Fink, Robert Kapito, Insider's Rebecca Ungarino, Todd Anderson, Christine McCarthy, Bob Iger, Iger, Gen, Jeffrey Cane, Hallam Bullock Organizations: Disney, Netflix, BlackRock, Getty, Barclays, Goldman, Mouse, Apple's, McKinsey, LinkedIn Locations: VIEWpress, BlackRock —, BlackRock, Hulu, London, New York
The skin care and beauty industry is booming and bringing in over $90 billion worldwide. On average, Americans spend $722 on their appearance, including skin care, each year, according to a November 2022 survey of over 1,000 people from Advanced Dermatology. Ashleigh MitchellAshleigh Mitchell was walking out of a Sephora store in Times Square NYC when we stopped her to inquire about her daily skin care routine. Hyram YarbroHyram Yarbro is a well-known skin care influencer who's amassed 4.5 million subscribers on his YouTube channel. As an influencer and founder of her own skin care line, beauty products are one thing Louise doesn't mind spending a lot on.
Persons: Adeline Kikam Dr, Adeline Kikam, Dr, Ciara, Ashleigh Mitchell Ashleigh Mitchell, Ashleigh, Hyram, who's, it's, It's, Georgia Louise Georgia Louise, Louise doesn't, Louise, Toner, Charlotte Tilbury, Fallon Fonrose Fallon Fonrose, Fonrose, Natasha Caddy Organizations: Dermatology, CNBC, YouTube, Crown Locations: New York City, Square, Georgia, Korean
Inside the rise of a Wall Street wunderkind
  + stars: | 2023-06-16 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
Achieving success at an early age is impressive in any industry, but it's particularly awe-inspiring on Wall Street. Kuenzel, who started as an intern at hedge fund Citadel in 2018 and focused on quantitative research, spoke about his rise within Griffin's financial empire. It's a good lesson for how fixing issues at work is a surefire way to supercharge your career. The Fed and the SEC are investigating the work Goldman did with SVB in the lead-up to its failure, The Wall Street Journal reports. If you're suffering from pre-diabetes or obesity, intermittent fasting could be a good way to control your blood sugar.
Persons: Dan DeFrancesco, Wilhelm, we've, Peter Cade, Emmalyse Brownstein, Soeren Kuenzel, Ken Griffin's, Kuenzel, Griffin, Nancy Luna, Goldman Sachs, Adam Dell, Morgan Stanley, Crispin Odey, Goldman, Qi Tom Chen, Horace Mann School, Jeffrey Cane, Nathan Rennolds Organizations: Getty, Citadel Securities, Citadel, Bloomberg, Odey, Management, JPMorgan, SEC, Street, CNBC, Horace Mann, LinkedIn Locations: London, New York
Tech layoffs are fueling an influx of new founders building climate, health, and fintech startups. Microsoft CEO Satya Nadella said he liked to test AI using a poetry prompt to see if it had the "subtlety" to translate "deep meaning." Twilio's Joyce Kim said "predictive AI is going to be a core part of every tool that they use." The European parliament has voted to take steps to regulate AI technology such as ChatGPT, with its parliament backing a ban on the technology for biometric surveillance, emotion recognition, and predictive policing. Uber CEO Dara Khosrowshahi says the most common mistake he sees young people make is overplanning.
Persons: Nathan Rennolds, it's, let's, Sundar Pichai, Google's, hasn't, Simplyblock, Michael Schmidt, Robert Pankow, Jack Dorsey's, Satya Nadella, Uber, Twilio's Joyce Kim, Dara Khosrowshahi, Leigh Vogel, Elon, Kairan, Hallam Bullock Organizations: Google, Jack Dorsey's Apple, Microsoft, Summit, Getty, SpaceX, LinkedIn Locations: London, Google's, Simplyblock, Europe, New York City
But on Wall Street, a crisis is just a bit of financial engineering away from becoming an opportunity to make money. That's where inflation traders come in. The strategy of betting on the swings in consumer prices has exploded in recent years, with revenues from inflation trading going from $700 million in 2019 to $3.9 billion in 2022. And while inflation trading has the potential to generate some big returns, making your money back on hires like these might be a tall task if inflation has a short shelf life. More on where the top players in inflation trading are landing amid a heated war for talent.
Persons: Dan DeFrancesco, we've, Goldman Sachs, I've, Malte Mueller, Insider's Kaja Whitehouse, Kaja, Ben Stiller, Owen Wilson, Elon Musk, Goldman, Citadel's Ken Griffin, Dara Khosrowshahi, Jeffrey Cane, Nathan Rennolds Organizations: Getty, Labor Statistics, Federal, Paramount, BlackRock, Tech, LinkedIn Locations: BlackRock, China, New York, London
The impact of artificial intelligence on Wall Street has plenty of people concerned, but some financial advisors fear a much more sinister opponent. Financial advisors are right to be concerned. A 2022 survey found Gen Z was more likely to seek out financial advice from TikTok (34%) and YouTube (33%) than a financial advisor (24%). Couple that with their often obsessive consumption of social media, and you start to see why financial advisors never had a fighting chance. More on why advisors are worried about young people turning to TikTok for help with their finances.
Persons: Dan DeFrancesco, we've, James Gorman's, Morgan Stanley, David Solomon, Goldman Sachs, Samantha Lee, Insider's Lindsay Dodgson, Z, they've, that's, Kelsey Wells, Kyle Davies, Su Zhu, Davies, Zhu, Brian, Lisa Sugar, David Solomon can't, Let's, Jeffrey Cane, Nathan Rennolds Organizations: Insider, YouTube, Arrows, Avid Capital Advisors, Wall, LinkedIn Locations: Dublin, Bali, Miami, South Beach, New York, San Francisco, Chicago, London
I flew with Spirit for the first time in December 2022 and learned everything you give up for cheap fares. Here are six things I wish I knew about the airline before my 3-hour flight from Miami to NYC. Morning Brew Insider recommends waking up with, a daily newsletter. But my first time flying Spirit Airlines in December 2022 challenged everything. From the lack of in-flight entertainment and outlets to $4 water, here are the six things I wish I knew before boarding a 3-hour flight from Miami to New Yor City:
Persons: I'm Organizations: Spirit, Morning, packer, Spirit Airlines Locations: Miami, NYC, New Yor City
Monday marked the official closing of UBS' acquisition of Swiss rival Credit Suisse, a deal both sides weren't exactly thrilled about. Specifically, the bank identified the Credit Suisse execs sitting in positions of power within its investment bank and wealth management division. UBS has not been bashful in hinting at what it is, and is not, interested in integrating from Credit Suisse. Credit Suisse was in rough shape by the time it got acquired, but that's not to say there weren't talented bankers there. Read more about the leaders of UBS' wealth and investment bank teams following its Credit Suisse deal.
Persons: Dan DeFrancesco, we've, Insider's Michelle Abrego, Kaja Whitehouse, that's, Read, Alexander Soros, George Soros, Jeffrey Epstein, Thoma, Nasdaq's, Morgan Stanley, Sam, Here's, Alex Soros, it's, We've, Jeffrey Cane, Hallam Bullock Organizations: Nasdaq, UBS, Swiss, Credit Suisse, Suisse, Credit Suisse execs, Lehman Brothers, George Soros Getty, JPMorgan, Thoma Bravo, Soros, Open Society Foundation, LinkedIn Locations: secondaries, New York, London
California startup Gridware is working to prevent forest fires and make the grid more resilient. But Timothy Barat, the cofounder and CEO of risk management and wildfire mitigation startup Gridware, does exactly that. On a huge plot of land outside California's Bay area, Gridware has its own electricity grid complete with full-size 40-foot poles and power lines spanning 200 feet. Wildfires can be sparked by a number of things, including downed power lines. For example, the startup can detect vegetation striking power lines as soon as it happens.
Persons: JP Morgan, Timothy Barat, Chris Sacca's, Gridware's Barat, Barat, Gridware, Chris Sacca, we've, Seth Bannon Organizations: Lowercarbon Capital, UC Berkeley, Lowercarbon, Fifty Locations: California, California's, Barat, Gridware's, San Francisco, NYC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNYC office occupancy reaches 50% of pre-pandemic levels; Westfield gives up SF Centre mallCNBC's Andrew Ross Sorkin and Joe Kernen reports on the latest news.
Persons: Andrew Ross Sorkin, Joe Kernen Organizations: Westfield, SF
Portrait for a profile on Fanatics founder & CEO Michael Rubin at his office in downtown NYC. Fanatics held its second investor day in nearly a year as the company quietly moves closer to an initial public offering, a source familiar with the matter tells CNBC. Investors were also treated to a surprise visit by football great Tom Brady, an investor in the company. Last November, Rubin gathered sell-side analysts for a meet-and-greet and to talk about his growth plans for the company. And in April, the company announced it was hiring Deborah Crawford from Meta to lead investor relations, a new position at the company.
Persons: Michael Rubin, Goldman Sachs, Tom Brady, Brady, Rubin, Deborah Crawford, Ness Organizations: CNBC, Barclays, NBA Players Association, Philadelphia 76ers, New Jersey Devils, NFL, NHL, NBA, MLB, Topps, CNBC Disruptor Locations: York, NY, NYC, New York, Florida, Meta, U.S
Alex Soros, the 37-year-old son of George Soros, has taken over the reins of his father's empire. He has turned his image around and is now at the helm of Soros' Open Society Foundations. Alexander Soros, the 37-year-old son of legendary investor George Soros, has taken over the reins of his father's empire in what is seen as a 180-degree departure from his previous playboy image. Alex — the elder son of George Soros and his second wife, historian Susan Weber — wasn't always in the pole position to take over the empire. An Open Society Foundations spokesperson confirmed to Insider that Alex has been named chair of the Open Society Foundations.
Persons: Alex Soros, George Soros, Alex, Alexander Soros, Alexander —, Alex —, George Soros's, Susan Weber — wasn't, Jonathan Soros, Soros, Joe Biden, Justin Trudeau, Dionysus, Heine, Nietzsche, Marx Organizations: Soros, Society, Soros Fund Management, Wall Street Journal, OSF, Wall Street, Open Society, Canadian, New York Times, New York, NBA, University of California, Biden White Locations: Southampton, , Berkeley, Budapest
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew book release 'Billionaires' Row' profiles NYC's priciest skyscrapersThe Wall Street Journal's Katherine Clarke and CNBC's Robert Frank join 'The Exchange' to discuss NYC real estate sales, the buyer vetting system, and the key findings profiled in the book 'Billionaires' Row.'
Persons: Katherine Clarke, CNBC's Robert Frank
So if you have to come in, where's the best place to go? Note: Most of the companies listed below have multiple office locations beyond the one listed. An open letter to big banks going through an identity crisis. My open letter to big banks. Here's a list of nearly a dozen of the best chocolates you can buy, according to a professional chocolatier.
Persons: Dan DeFrancesco, we've, Spencer Platt, It's, Goldman Sachs, BNY Mellon, We'll, Morgan Stanley, Jefferies, You've, I'm, Gene Wilder, Willy Wonka, Stephanie Cohen, Banks, We've, Brace, it's, Jeffrey Cane, Hallam Bullock Organizations: Getty, Apple, Downtown . Companies, NYSE, BNY, Metro North, . Companies, Bank of America, Barclays, BNP, Midwest, Midtown East . Companies, Blackstone, Millennium, Grand Central, Yards, Hudson Yards, Plaid, Rho Technologies, Connecticut . Companies, Paramount, Maverick Capital, Tiger Global, D1, JPMorgan, LinkedIn Locations: Downtown, JPMorgan, MarketAxess, BlackRock, midtown, — Flatiron, NoHo, Connecticut, Bridgewater, AQR, London, Citadel, New York
The Best Men’s Bathing Suits for Swimming and Sunning
  + stars: | 2023-06-11 | by ( ) www.wsj.com   time to read: +6 min
There’s no shortage of options out there—that’s why we polled a handful of style pros on the best suits to shop. Stretch swim trunksKeep it classic with another favorite of Singh’s: These 6-inch inseam shorts from J.Crew. He considers these Banana Republic swim shorts worthy of water and land, given their zip fly and fade-proof fabric. Fun and flashyLet’s say you’re in the market for a playful bathing suit, something that feels as liberating as a summer Friday. And at $50 a pair, there’s no harm if you want to get a second suit that’s a little less leggy.
Persons: Erika Veurink, Steve Cole, Arjan Singh, Jolie, Singh, , , Leo Chan, Chan, Chris Xaviar, Xavier, Carrie Birdwell Mann, Cole Habersham, Vilebrequin, Cole, Xaviar, Habersham Organizations: XXL, Banana, Newport, Abercrombie, Nike Locations: New York City, Los Angeles, oxford, Newport Beach, Calif, California, Toronto
Moving from New York City, Chicago, or San Francisco to Miami could save high earners thousands. Those making $650,000 or more could save up to $200,000 moving from NYC to Miami, a new study found. Those earning north of $150,000 per year could save anywhere from $2,000 to nearly $200,000 in a move from major metropolitan areas like New York City, Chicago, or San Francisco to Miami, a new study found. In the most extreme cases, New Yorkers making $650,000 or more could save nearly $200,000 per year in tax and cost of living savings living in Miami instead. In total, a Chicagoan moving to Miami will only save 1% or 2% of their yearly salary, while people moving from San Francisco to Miami would save about a quarter of their income.
Persons: SmartAsset, Peter Thiel Organizations: Savings, Miami Locations: New York City, Chicago, San Francisco, Miami, NYC, Florida, New York, York City
Wood bikes an average of 40 to 50 miles a day shepherding food and other products to people's doorsteps. The next day, he woke up and did another full day of work outside, despite the city's record-setting poor air quality and a noticeable toll on his lungs. You have to be willing to work in the weather conditions that nobody else wants to work in," Wood says. Delivery workers are among the many kinds of jobs that require outdoor labor. Construction workers, landscapers and highway maintenance laborers, for example, have to spend the majority of their day outside, according to the Bureau of Labor Statistics.
Persons: Josh Wood, Uber, Wood, doorsteps, It's, Ligia Guallpa Organizations: Empire, CNBC, Unidos, Workers ' Justice, Deliveristas Unidos, Bureau of Labor Statistics Locations: Canada, New York City, midtown Manhattan, York City, New York, landscapers
For as long as I can remember, the safest place on Wall Street for job security was in tech. But according to one Wall Street billionaire, that sentiment won't hold true for much longer. As Insider's Paige Hagy reports, Griffin instead highlighted how programmers need to position themselves to provide the most value to companies in this post-ChatGPT world. In the before times (pre-ChatGPT), no one was really questioning the value programmers were adding. At least that's the take from Wall Street vet Marty Chavez.
Persons: Dan DeFrancesco, Pharrell Williams, we've, BlackRock's, I'm, Wutthichai, Ken Griffin, Griffin, Griffin wasn't, Insider's Paige Hagy, it's, Read, Flo Rida, Drake, Tommaso Boddi, Erica, John Waldron, Kim Kardashian, Marty Chavez, he's, Ray Dalio, Everybody's, Jeffrey Cane, Nathan Rennolds Organizations: Bank of America, Wall Street, BlackRock, Goldman, SKKY Partners, Wall, Bridgewater, LinkedIn Locations: NYC, London, BlackRock, New York
What Does Gay Pride Smell Like?
  + stars: | 2023-06-09 | by ( Madison Malone Kircher | ) www.nytimes.com   time to read: +1 min
Every year, millions of people flock to Manhattan festooned in rainbows and feathers and leather to celebrate the annual Pride March. Many of them will traipse down Christopher Street, home of the Stonewall Inn, the epicenter of the modern gay rights movement in New York. For $45, Literie is selling “Pride on Christopher Street,” a candle made in collaboration with NYC & Company, the city’s official tourism and marketing arm. All profits — about $30 per candle after production costs, according to Literie — are going to Heritage of Pride, the nonprofit behind the city’s official Pride events. It was hard to pinpoint what would Pride smell like.”
Persons: Christopher Street, Literie, Erica Werber, Organizations: Stonewall, Christopher, NYC & Company Locations: Manhattan, New York
One source for such items is Outlandish, the Crown Heights, Brooklyn, outfitter that opened in January. It was co-founded by Benje Williams and Ken Bernard, who are Black, expressly to encourage people of color to reconnect with the outdoors. The shop sells the necessary gear but also organizes hikes outside of the city and hosts a book club focused on works about nature by writers of color. He and his father, who hadn’t gone backpacking in 40 years, have been on three more trips since. For the adventurous dad, Williams recommends an ultralightweight stuff sack from Allmansright, whose backpacks and bags are handmade in the Bronx, or socks from the Brooklyn-based label William Ellery, which offers wool-blend pairs in nature-inspired colors with names like Chanterelle and Lichen.
Persons: Benje Williams, Ken Bernard, Williams, Benjamin, William Ellery, Daniella Manini, Jade, Jamaica Organizations: Father’s, New Locations: , Brooklyn, outfitter, Sierra Nevada, Allmansright, Bronx, Brooklyn, Peruvian, California, Ita, British Nigerian, New Yorker, Antigua, outlandish.nyc
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