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☆ The Real Reason Rent Costs Are Sky High: People Left Their Roommates
▼ + stars: | 2023-05-10 | by ( James Rodriguez | ) www.businessinsider.com time to read: +12 min

Though rent growth has slowed in recent months, renters in large cities are still feeling the effects of the 2021-22 rent boom. Residents of these places are now asking the question: If so many people left, why is my rent still so expensive? The first was outbound migration, which led to weaker housing demand in city centers. "High house prices, high rents, and rising interest rates are probably pushing back against household formation," Ozimek told me. If more employees keep adopting remote work — which, I'll admit, is a big "if" — that indicates housing demand is bound to increase.

"We are looking into ways to express this (China recovery) theme in our portfolio rather than just say 'let's go long China equity'. "Given the higher risk premium of China stocks, the demand for 'shadowing' China will continue to be strong," Jefferies said. The relative cheapness of European stocks, at least at the start of this year, has also been important. Luxury stocks - less vulnerable to sanctions - have performed well, but geopolitical worries have bruised tech firms, and manufacturing difficulties have hurt commodity stocks. "What is doing extremely well this year is luxury; if you'd bought European miners hoping that China would stimulate, you'd have got it wrong."

☆ What the debt ceiling standoff means for money market funds
▼ + stars: | 2023-05-10 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

But some investors worry about increased risk as the debt ceiling debate intensifies. Money market funds — which are different than money market deposit accounts — typically invest in lower-risk, short-term debt, such as Treasury bills, and may make sense for short-term investing goals. As a result, some of the biggest money market funds are paying nearly 5% or more as of May 9, according to Crane data. Investors worry funds may 'break the buck'As default concerns rise, investors fear money market funds may "break the buck," which happens when a fund's so-called net asset value, or total assets minus liabilities, falls below $1. Money market funds may provide an 'opportunity'Despite the looming debt ceiling, advisors are still recommending money market funds for cash.

☆ Alpine F1 boss warns of 'consequences' of failure
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +3 min

Alpine ended last year fourth but are now sixth with French drivers Esteban Ocon and Pierre Gasly scoring just 14 points from five races. Rossi made clear Alpine team principal Otmar Szafnauer, who joined in February 2022 from Aston Martin, was in the hot seat. Alpine started the season with a target of defending fourth place and closing the huge gap to Red Bull, Ferrari and Mercedes. McLaren, who have former Alpine reserve Oscar Piastri in their line-up after the Australian rejected the French team, are fifth. "When you compound that relatively lower performance and lack of operational excellence you end up in a difficult position."

☆ Some Uber and DoorDash drivers say rich people are the worst tippers, but they can count on the middle class
▼ + stars: | 2023-05-07 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Many gig workers rely on tips to make ends meet, but some say tipping is getting worse. Three gig workers told Insider that people who appear to be wealthy are the worst tippers. Several delivery drivers replied to the story, and while a few related to Jay's experience, most of the workers Insider heard from said that the opposite was true in their experience: Rich people are the worst tippers. Drivers for companies like Uber and DoorDash say they're reliant on tips to make ends meet, but many of them have told Insider that tipping has gotten worse in recent years. When reached for comment, an Uber spokesperson told Insider that tipping has risen considerably for both Uber and Uber Eats over the last few years.

☆ I tested 5 quick and easy ways to earn your first dollar online. This is my guide for how to do it.
▼ + stars: | 2023-05-06 | by ( Zulie Rane | ) www.businessinsider.com time to read: +10 min

Rane says that the first dollar is the hardest to earn online, and then tried five ways to do it. So I decided to write an actual actionable guide on how to earn your first dollar online. So let's get into five ways to earn your first dollar online — that I have testedWhat do you need to earn your first dollar online? Let's look at five uncommon ways to earn your very first dollar online. I recommend:Hopefully, you'll be able to leave user testing and playing games for pennies behind as you move forward toward more profitable ways to earn money online.

☆ Subway's US restaurant locations have hit their lowest level since 2005 as the company looks to sell – report
▼ + stars: | 2023-05-05 | by ( Ben Tobin | ) www.businessinsider.com time to read: +2 min

Subway now has its lowest number of US restaurants since 2005, according to Restaurant Business. The company reportedly closed 571 restaurants in 2022 and operates more than 20,000 nationwide. But more than 6,500 Subway restaurants have closed since 2016, or nearly one of every four restaurants in the country, according to Restaurant Business. Multiple media outlets have reported that the company wants a sale that values the chain at $10 billion. Despite previous years of slumping sales and closing stores, Subway, a privately held company, has recently gained some momentum.

☆ The dollar's bad run will continue as the Fed gears up to pause its rate-hiking campaign, UBS says
▼ + stars: | 2023-05-05 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

The dollar's weakening trend that started in late September is likely to continue, according to UBS. The prospect of Federal Reserve halting interest-rate increases will likely weigh on the greenback, strategists said. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. Its miserable run will likely continue as the Federal Reserve looks set to halt its interest-rate increases and given the risk of a banking crisis, according to UBS. UBS warned that a slowdown in US economic growth is also likely to weigh on the buck.

☆ See a meteor shower and lunar eclipse this weekend
▼ + stars: | 2023-05-04 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +6 min

CNN —With bright meteors blazing across the sky from the Aquariids meteor shower and a chance to see a lunar eclipse, Friday will be the time to look up to the sky for a day of spectacular celestial events. That alignment will create what is known as a penumbral lunar eclipse, which is when the moon enters Earth’s outer shadow. Get a lawn chair and put the moon at your back,” said Robert Lunsford, fireball report coordinator for the American Meteor Society. During a penumbral eclipse, the moon stays on this outer ring, appearing as if it is dimming, but not completely darkening like a total lunar eclipse. On October 28, a partial lunar eclipse will be viewable in Europe, Asia, Australia, Africa, parts of North America and much of South America.

☆ An Ace’s Return Steadies the Ship, Even in a Loss
▼ + stars: | 2023-05-04 | by ( Benjamin Hoffman | ) www.nytimes.com time to read: +1 min

In Justin Verlander’s first start of the season, he pitched like an ace. And no, the Mets did not win. In a season in which the starting rotations of both New York teams have seemed almost cursed by injuries and ineffectiveness, that was enough to find a ray of sunshine. “You saw his stuff, so to speak, and velocity and crispness kind of get better as the game went on,” Mets Manager Buck Showalter said after the game. “I could tell he was getting after it the last inning.”

☆ JPMorgan could be the banking sector’s biggest hero — or biggest risk
▼ + stars: | 2023-05-03 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

And as the bank swells in size, so does the potential risk it poses to the nation’s financial system. Some experts say they’re concerned that JPMorgan’s continued intervention during times of crisis has broader implications for the banking sector, the US financial system and its regulation. And with every failed bank that JPMorgan snaps up, the conundrum becomes clearer: JPMorgan is essentially the biggest risk to the financial system — and every time it expands to uphold the sector’s stability, so does its risk to the financial system. It has “that ability once again, to signal to the world that JPMorgan is a fortress, JPMorgan is the ultimate. But recent failures and the missteps that led to them indicate that deep flaws underline the financial system.

☆ Hollywood writers’ fight previews messy new era
▼ + stars: | 2023-05-02 | by ( Jennifer Saba | ) www.reuters.com time to read: +4 min

NEW YORK, May 2 (Reuters Breakingviews) - Tinseltown scribes are gearing up for a fight. The Writers Guild of America went on strike Tuesday after contract negotiations with entertainment companies broke down. The union backing TV and film writers walked out after failing to reach a new contract with the Alliance of Motion Picture and Television Producers for better pay. This meant the distribution chain paid twice, and the double dip meant more money for both the network and writers, who got a share. As the last strike brought about the reality TV fad, which required less creativity, artificial intelligence is threatening to replace writers.

☆ Australian central bank will get 'more bang for its buck' from announced rate hikes, Moody's says
▼ + stars: | 2023-05-02 | 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 EmailAustralian central bank will get 'more bang for its buck' from announced rate hikes, Moody's saysHarry Murphy Cruise of Moody's Analytics says there's a "backlog of rate hikes that [is] going to hit Aussie households and businesses in the coming months."

May 2 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. The White House said First Republic was "severely mismanaged," the takeover protects depositors and the current banking turmoil bears no resemblance to 2008. Anyone who went long mega tech and short regional U.S. banks on Dec. 31 will be sitting pretty today. Expectations for further tightening this year are far from certain, and are gradually being pushed into the third quarter. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Bond investors fearing recession, boost safety bets ahead of FOMC
▼ + stars: | 2023-05-01 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +5 min

Going long duration reflects expectations U.S. yields will fall because the Fed will be forced to cut rates. During the Fed's aggressive rate-hike phase last year, investors shortened their duration exposure. In terms of price action, U.S. 5-year yields dropped 67 bps since March, suggesting increased demand from investors. U.S. Treasuries rallied in March, pushing yields lower, as the market sought safety during the banking crisis. U.S. two-year yields, which reflect rate expectations, fell nearly 60 bps in March, the largest monthly fall since December 2007.

Our experts answer readers' student loan questions and write unbiased product reviews (here's how we assess student loans). See Insider's picks for the best student loan refinance companies »Insider's Featured Student Loan Refinance Companies SoFi Student Loan RefinancingSplash Financial Student Loan RefinancingEarnest Student Loan Refinancing Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. APR Variable: 5.38% - 8.99%, Fixed: 4.99% - 8.99% Editor's Rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR Variable: 4.74% - 9.99% with AutoPay, Fixed: 4.49% - 9.99% with AutoPay Editor's Rating 3.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR Actual rate and available repayment terms will vary based on your income. Please note, we are not able to offer variable rate loans in AK, IL, MN, NH, OH, TN, and TX. Show more Variable: 4.99% - 8.94%, Fixed: 4.96% - 8.99% (with AutoPay discount) Editor's Rating 3.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Apply now Apply now Apply nowGetting the most bang for your buckI was an English major at Berkeley.

☆ The 31 colleges with the best bang for your buck
▼ + stars: | 2023-05-01 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +2 min

Most graduating high school seniors have until May 1 to decide where they will go to college. Here are the top 31 colleges based on their return of investment. To get the best bang for your buck, students need to consider how much they'll earn in the future from investing thousands of dollars in tuition, room, and board over the next four years. We ranked the top 31 colleges according to how much that investment will be worth in 40 years in today's dollars. Here are the top 31 colleges with the best return on investment.

This is weighing on how much the private equity firms are offering to buy companies. So far, bids for Subway have ranged between $8.5 billion and $10 billion, one of the sources said. This is a more expensive route that private equity firms may not opt for, three of the sources added. To be sure, Subway is allowing bidders to use any financing route they want, as long as they can show they can secure committed financing. TPG and Bain were part of a group that owned Burger King when John Chidsey, who is now Subway's CEO, headed that burger fast-food restaurant chain.

☆ Biden might have already lost the Iowa and New Hampshire primaries. Here's why.
▼ + stars: | 2023-04-29 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

President Joe Biden might be forced to forfeit primary contests in Iowa and New Hampshire. New DNC rules championed by Biden demoted Iowa and New Hampshire on the primary calendar. The DNC rules prohibit candidates from adding their names to ballots in states that don't adhere to the calendar. The new primary calendar ratified by the Democratic National Committee – at Biden's request – downgraded Iowa and New Hampshire from their longstanding positions as the first electoral hoorahs of the primary season. Both Iowa and New Hampshire, who have long enjoyed outsized influence as early-voting states, plan to buck the DNC rules and hold their contests early anyway.

☆ These 7 Club holdings are using pricing power to boost profits this earnings season
▼ + stars: | 2023-04-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

Pricing power is what's allowing many companies — including seven of our Club holdings — to support revenue growth and enhance, or at the very least protect, profitability during an earnings season marked by a still-elevated inflationary environment. When we're talking about "pricing power," it's the ability of companies with strong brands to raise prices without seeing too much impact on demand. Here's a list of Club holdings with pricing power, starting with a closer look at P & G. PG YTD mountain Procter & Gamble's stock performance year to date. LIN YTD mountain Linde's stock performance year to date. Halliburton has exhibited strong pricing power due to massive demand from global end markets, benefitting from years of under-investment in drilling.

☆ South Carolina and Nebraska lawmakers voted down abortion bans, exposing a chasm on the issue for Republicans
▼ + stars: | 2023-04-28 | by ( Associated Press | ) www.businessinsider.com time to read: +8 min

— Abortion bans in deeply conservative Nebraska and South Carolina both fell short of advancing in close legislative votes amid heated debates among Republicans, yet another sign that abortion is becoming a difficult issue for the GOP. In South Carolina, lawmakers voted 22-21 to shelve a near-total abortion ban for the rest of the year. Katie Glenn, the state policy director for Susan B. Anthony Pro-Life America, characterized the failure of both proposed abortion bans as disappointing. The failure to advance abortion restrictions has confounded conservatives who dominate both Nebraska and South Carolina and exposed a chasm on the issue of abortion within the GOP. Riepe and some Republicans across the country have noted evidence pointing to abortion bans as unpopular with a majority of Americans.

“See, this is the great part,” Mr. McCarthy told reporters who questioned how — if he could barely get his colleagues to elect him — he would ever be able to govern his slim and unruly House Republican majority. Mr. McCarthy is set as early as Wednesday to bring to the floor his proposal to lift the debt ceiling for a year in exchange for spending cuts and policy changes. That includes soliciting “yes” votes from right-wing members who have never before voted to increase the debt ceiling and take pride in that fact. But after late-night wrangling on Tuesday, Mr. McCarthy appeared to have acquiesced at least in part, moving up the imposition of stricter requirements by a year, to 2024. “The last five votes, you’re standing there begging,” Mr. Gingrich said he has told Mr. McCarthy of his own experience with tough bills.

☆ Opinion: Harry Belafonte lived in – and transformed – two worlds
▼ + stars: | 2023-04-26 | by ( Opinion Gene Seymour | ) edition.cnn.com time to read: +5 min

Gene Seymour Jeremy Freeman/CNNBut history, as it often does, had other ideas for Belafonte, who died April 25 at 96, having lived a long, full life as both entertainer and activist. The times he lived in paved a smoother way for him than the one faced by his mentor and hero Paul Robeson. On the other hand, there was, relatively speaking, only so much Belafonte could do on the entertainment side. Here, as elsewhere in Belafonte’s life, the activism and the entertainment sides of his public life worked in tandem to buttress, offset and enhance the other. Join us on Twitter and FacebookAnd in a gratifying sense, the push-pull of history’s demands worked in Belafonte’s favor as a screen actor.

☆ What is de-dollarization? Here's everything you need to know about rival countries' efforts to dethrone the greenback
▼ + stars: | 2023-04-26 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

The US dollar has dominated global trade and been the leading reserve currency for nearly 80 years. But rival countries – including China and Russia – are trying to change that. But a growing list of countries – including Brazil, China, and Russia – are trying to unseat the greenback. Rival countries China and Russia are spearheading the effort to wean the world off the buck. "There is a lot of inertia in reserve currency status," a team of strategists led by Kamakshya Trivedi said.

☆ Harry Belafonte, who mixed music, acting, and activism, dies at 96
▼ + stars: | 2023-04-25 | by ( Bill Trott | ) www.reuters.com time to read: +7 min

Belafonte was born in New York City's borough of Manhattan but spent his early childhood in his family's native Jamaica. A few weeks before the launch, Belafonte told Rolling Stone magazine that singing was a way for him to express injustices in the world. "We were instructed to never capitulate, to never yield, to always resist oppression," Belafonte told Yes! "The Navy came as a place of relief for me," Belafonte told Yes! Belafonte was the first Black performer to win a major Emmy in 1960 with his appearance on a television variety special.

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