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☆ Walmart, Chipotle are splitting the wealth of a record stock market in a way they haven't in decades
▼ + stars: | 2024-03-31 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

For Chipotle, it's the first stock split in the company's 30-year history, and its announcement echoed Walmart's. Both are hoping, through the availability of an employee stock purchase plan and financial education, they'll get more workers to invest. Chipotle, even further out on the market chart, has shares nearing $3,000 — its stock split is to be effective June 26. ESPP versus fractional sharesEven without a stock split, employees could have already purchased shares of their company, or at least fractional shares, through a brokerage account. Company stock and financial educationSplitting a stock and having a generous ESPP can only go so far when it comes to encouraging employees to buy the company stock.

Persons: they'll, Michael Kestenbaum, Chipotle, Dan Kapinos, Clemens Kownatzki, Aalap Shah, Pearl Meyer, SoFi, Kownatzki, Larry Fink, Kestenbaum Organizations: Walmart, Companies, West Coast, Google, Pepperdine Graziadio Business, Khan Academy, Lyra Health Partners, Bank of America, Employees Locations: Aon

☆ In these 22 states, you need a six-figure income to afford a typical home, analysis finds
▼ + stars: | 2024-03-31 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

New York CNN —Buying an affordable home in the United States has gotten a lot harder for many people since 2020. A new analysis from Bankrate.com finds that in 22 states and Washington, DC, buyers need a six-figure household income to comfortably afford a typical median-priced home. That’s a lot more than in January 2020, when Bankrate found buyers needed a six-figure income in just six states and the District of Columbia. For instance, Bankrate found that the income needed to buy a median-priced home rose the least in North Dakota (up 9.2%); Illinois (up 27.2%); and Kansas (up 29.3%). The complete Bankrate analysis can be found here.

Persons: Bankrate, ”, Jeff Ostrowski, –, Redfin –, homebuyers, ” Ostrowski Organizations: New, New York CNN, District of Columbia, “, United States –, of Columbia, Washington State Locations: New York, United States, Washington, DC, West, California, Hawaii, Massachusetts, Arizona, Colorado, Connecticut, Florida, Idaho, Maine, Maryland, Montana, Nevada, New Hampshire, New Jersey, Oregon, Rhode, Texas, Utah, Vermont, Virginia, South, Midwest, Mississippi, Ohio, Arkansas, Indiana, Kentucky, Tennessee, South Carolina, North Dakota, Illinois, Kansas

☆ I wanted to make quick money and travel the world — so I moved to Australia and became a FIFO worker
▼ + stars: | 2024-03-30 | by ( Ana Altchek | ) www.businessinsider.com time to read: +7 min

AdvertisementThis as-told-to essay is based on a conversation with Cal Mcilwaine , a 29-year-old FIFO worker in Australia. So in June 2023, I left Ireland and moved to Perth, Australia to become a FIFO worker, which stands for "fly in, fly out." Landing a FIFO job in a new country wasn't easyFIFO is an industry that largely exists only in mining fields in Australia, Canada, and Alaska. Within a month of arriving in Australia, I secured a FIFO job. Once I'm done, I plan to get right back into FIFO work for my second year and do it all over again.

Persons: Cal Mcilwaine, —, I, I've, Cal McIiwaine, I'm Organizations: Cal, Service, Alaska . Mining, Cal McIiwaine Locations: Pilbara, Australia, Ireland, Perth, Canada, Alaska, Port Hedland, China, Cal McIiwaine Australia, Bali, Esperance, Vietnam, Thailand, New Zealand, Indonesia, Philippines

☆ Malaysia Open to Extending China-Led Rail Project to Thai Border
▼ + stars: | 2024-03-28 | by ( March | At A.M. | ) www.usnews.com time to read: +2 min

KUALA LUMPUR (Reuters) - Malaysia's government has said it would consider extending a $10 billion China-led rail project to its border with Thailand to boost economic ties between the Southeast Asian neighbours. Part of China's Belt and Road Initiative, the 665-kilometre (413-mile), 50.27 billion ringgit ($10.63 billion) railway is on track to connect the east and west coasts of peninsular Malaysia by the end of 2026. Malaysia's Transport Minister Anthony Loke said on Wednesday the government was open to proposals to extend the track to the border with Thailand, for further integration into existing railway networks or future infrastructure developments. Thailand also has plans to invest in a massive land bridge project in the country's south to boost growth and global trade. The bridge would bypass the congested Strait of Malacca, a narrow sea lane between Malaysia and Indonesia.

Persons: Anthony Loke, Loke, Danial Azhar, Panu, Kanupriya Kapoor Organizations: Reuters, Initiative, Malaysia's, Malaysia's Senate, Malaysian, China Communications Construction Co Locations: KUALA LUMPUR, China, Thailand, Malaysia, Malacca, Indonesia, Bangkok

☆ Stocks making the biggest moves premarket: Walgreens Boots Alliance, Estee Lauder, RH and more
▼ + stars: | 2024-03-28 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Walgreens Boots Alliance — Shares dipped 1.6% after the company's fiscal second quarter report was released. Walgreens generated $37.05 billion in revenue for the quarter, topping the LSEG forecast of $35.86 billon. Estee Lauder — Shares rose more than 3% after a Bank of America upgrade to buy from neutral. Management is guiding for full-year revenue growth to fall between 8% to 10%, while analysts polled by FactSet had forecasted 6.4%. Vornado Realty Trust — Shares gained 1.2% after Morgan Stanley upgraded the office building REIT to equal weight from underweight.

Persons: Estee Lauder, Vikram Gandhi, RH, FactSet, Morgan Stanley, Vornado, —, Jesse Pound, Sarah Min, Michelle Fox Organizations: Walgreens, Bank of America, Allstate, HSBC, Management, Apollo Global Management, Securities and Exchange Commission, U.S, Attorney's, Vornado Realty Locations: New York, West Coast

☆ Fast-food restaurants in California are laying off workers to prepare for the $20 minimum wage hike
▼ + stars: | 2024-03-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Californian fast-food restaurants are cutting workers to prepare for the $20 minimum wage. AdvertisementFast-food restaurants in California are laying off hundreds of workers to cut back on costs as they prepare for the state's $20 minimum wage for fast-food workers that comes into force in April, a new report by The Wall Street Journal details. Franchisees are worried about higher prices spooking dinersCalifornia is raising the state's minimum wage for workers at limited-service restaurants to $20 an hour from April 1 — 25% higher than its general minimum wage. AdvertisementThe franchisees generally set prices, and some are concerned that higher prices could scare off diners. "I can't charge $20 for Happy Meals," Scott Rodrick, owner of 18 McDonald's restaurants in Northern California, told the Journal.

Persons: —, Alexander Johnson, Anne's, Scott Rodrick, Brian Hom, He's, Hom, Roy Gilad Organizations: Pizza, Service, Wall, Southern California Pizza Company, Business, KTLA Locations: California, Southern, West, Northern California, Los Angeles, San Jose

☆ A staggering amount of money is slipping away due to the Baltimore bridge collapse
▼ + stars: | 2024-03-27 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Experts told Business Insider that the port alone contributes $15 million in daily economic activity, which will come to a near standstill "until further notice." While some cargo will have to wait, container ships can largely be rerouted to other east coast locations. Ryan Peterson, the CEO of global logistics firm Flexport, told Business Insider that 800 containers of his were destined for Baltimore, and are now being rerouted. And it's unclear whether East Coast ports will have enough available capacity to absorb Baltimore's container volume, Petersen said. A risk for Baltimore will be whether those route changes are temporary, or if they'll have a lasting impact on the port's business.

Persons: —, Baltimore's Francis Scott Key, Port, Anirban Basu, It's, Basu, Daraius Irani, Ryan Peterson, Petersen, we're, Martin Dresner Organizations: Service, Business, Sage Policy, Regional Economic Studies, Towson University, University of Maryland's Smith School of Business Locations: Port of Baltimore, Baltimore, East Coast, West Coast

☆ Baltimore port closure could cost $15 million per day in lost economic activity
▼ + stars: | 2024-03-26 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

The Port of Baltimore is closed "until further notice" following the collapse of a major bridge. Experts say the closure alone will bring some $15 million of daily economic activity to a halt. Experts told Business Insider that the port alone contributes $15 million in daily economic activity, which will come to a near standstill "until further notice." While some cargo will have to wait, container ships can largely be rerouted to other east coast locations. And it's unclear whether East Coast ports will have enough available capacity to absorb Baltimore's container volume, Petersen said.

Persons: —, Baltimore's Francis Scott Key, Port, Anirban Basu, It's, Basu, Daraius Irani, Ryan Peterson, Petersen, we're, Martin Dresner Organizations: Service, Sage Policy, Regional Economic Studies, Towson University, University of Maryland's Smith School of Business Locations: Port, Baltimore, Port of Baltimore, East Coast, West Coast

☆ A trucking and rail strategy that boomed during pandemic shocks is heating up again
▼ + stars: | 2024-03-25 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +10 min

The shift in the volume of freight being moved from the East Coast to the West Coast was first highlighted in February in the ITS Port Rail Ramp Freight Index. He said the disruptions from the Suez Canal and Panama Canal have contributed to an almost 20% increase into the West Coast ports. "For our ports, transloading containers is always going to happen and we have the capacity to do more." The West Coast container volume rebound will also have a ceiling. "We probably don't get to the historical 10-year levels of West Coast market share versus East Coast share," Chan said.

Persons: Michael Aldwell, Kuehne + Nagel, Chris Sikora, CH Robinson, Sikora, Tim Robertson, transloading, Paul Brashier, We're, Brashier, Bryan Kempisty, Matt Schrap, Bruce Chan, Chan, CH, Bascome Majors, J.B, Hunt, Schneider, JB Hunt, Jason Seidl, Knight, Swift, Seidl, Larry Organizations: Getty, U.S, Logistics, CNBC, Kuehne, Transportation Intelligence, . Logistics, DHL Global, ITS, Rail, ITS Logistics, Department of Transportation's, PortX Logistics, Harbor Trucking, J.B, Susquehanna International Group, Hub Group, Schneider, Union Pacific, Cowen Group, Universal Logistics Holdings, East, International Longshoremen's Association, Surface Transportation, Canadian Pacific, Kansas City Southern, Uber, Uber Technologies Locations: West Coast, East Coast, Panama, East, Red, Gulf, transload, transloading, West, Suez, Hunt, CH Robinson, Sea, Mexico, Kansas, Mobile , Alabama, Coatzacoalcos, Veracruz, Gulf of Mexico

☆ There's an East Coast container exodus within the U.S. supply chain
▼ + stars: | 2024-03-25 | by ( Lori Ann Larocco | Sara Lindsay | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's an East Coast container exodus within the U.S. supply chainEast Coast ports are losing container volume to the West Coast due to several global supply chain issues, and the threat of a strike at East Coast and Gulf ports in the fall.

Locations: East Coast, East, West, Gulf

☆ To Live Past 100, Mangia a Lot Less: Italian Expert’s Ideas on Aging
▼ + stars: | 2024-03-25 | by ( Jason Horowitz | ) www.nytimes.com time to read: +1 min

Most members of the band subscribed to a live-fast-die-young lifestyle. Now, decades after Dr. Longo dropped his grunge-era band, DOT, for a career in biochemistry, the Italian professor stands with his floppy rocker hair and lab coat at the nexus of Italy’s eating and aging obsessions. “For studying aging, Italy is just incredible,” said Dr. Longo, a youthful 56, at the lab he runs at a cancer institute in Milan, where he will speak at an aging conference later this month. Italy has one of the world’s oldest populations, including multiple pockets of centenarians who tantalize researchers searching for the fountain of youth. “It’s nirvana.”Dr. Longo, who is also a professor of gerontology and director of the U.S.C.

Persons: Valter Longo, Longo, ”, Dr Organizations: West Coast, gerontology, Longevity Locations: Italian, Italy, Milan, California

☆ Only Iceland, Finland, and 5 other countries had clean enough air to meet a global safety standard: data
▼ + stars: | 2024-03-19 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +3 min

The 2023 World Air Quality Report showed that only a few countries have acceptable air quality. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHardly any countries have clean enough air to hit a global safety benchmark, according to new research. The only seven countries deemed acceptable were Estonia, Finland, Grenada, Iceland, Mauritius, Australia, and New Zealand. Advertisement"The science is pretty clear about the impacts of air pollution and yet we are so accustomed to having a background level of pollution that's too high to be healthy.

Persons: —, IQAir, Marco Bottigelli, Hammes, David Dee Delgado Organizations: Service, World Health Organization, Guardian, Chrysler, Getty, Las Locations: Bangladesh, Pakistan, India, Canada, North America, Swiss, Estonia, Finland, Grenada, Iceland, Mauritius, Australia, New Zealand, Puerto Rico, French Polynesia, Southern Iceland, Northern America, West, New York City, Helinski, Tallinn, Hamilton, Bermuda, Reykjavik, Canberra, Wellington, San Juan ( Puerto Rico, Columbus , Ohio, Las Vegas

☆ CEO of Hapag-Lloyd, one of world's top ocean shippers, says the outlook has changed for global economy, trade demand
▼ + stars: | 2024-03-15 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +7 min

We saw them coming up a bit towards the end of the quarter, and then of course, the Red Sea crisis ... which again changed the market." Rolf Habben Jansen, CEO of Hapag-Lloyd, the world's fifth-largest ocean carrier, tells CNBC he has an improved view on trade for the rest of 2024. "It's a concerning situation and I think the [Red Sea] outlook is very difficult," Jansen said. In addition to the added costs, according to Sea-Intelligence, the Red Sea diversions could increase carbon dioxide emissions by 260%–354%. New ocean alliance with MaerskThe reduction in global freight and schedule reliability are headwinds ocean carriers have been facing for months.

Persons: Lloyd, Jansen, Rolf Habben Jansen, Hapag Lloyd, Hansen, it's, Lars Østergaard Nielsen, Nielsen, " Hansen Organizations: CNBC, Intelligence, EU, Trading, Maersk, Hapag, Gemini, Sea, MSC Locations: U.S, Asia, West Coast, East Coast, Gulf Coast, Red, Aden, Yemen, Africa, Europe, Suez, Panama, California

Bilt, the company that awards points when you pay rent, adds Alaska Airlines as a transfer partner. However, Bilt will lose American Airlines as a points transfer partner in June 2024. Noteworthy Alaska Airlines partners include oneworld alliance partners American Airlines, British Airways, Cathay Pacific, Japan Airlines, Qantas, and Qatar. In addition to Alaska Airlines, Bilt partners with American Airlines, Aer Lingus, Air Canada, Avianca, British Airways, Cathay Pacific, Emirates, Air France-KLM, Hawaiian AIrlines, Iberia, IHG, Marriott, Turkish Airlines, Virgin Atlantic, United Airlines and Hyatt. Bilt and American Airlines will part ways in June, three years after their partnership initially began.

Persons: Bilt, — Organizations: Alaska Airlines, Alaska Airlines cardholders, American Airlines, Service, oneworld, British Airways, Cathay, Japan Airlines, Qantas, luxe, Air, Singapore Airlines, Mastercard, Aer Lingus, Air France, KLM, Hawaiian AIrlines, Turkish Airlines, Virgin Atlantic, United Airlines, Hyatt Locations: Alaska, Cathay Pacific, Qatar, Air Canada, Emirates, Air, Iberia, IHG, Marriott

☆ Inside chef Duff Goldman's fridge, from the salads helping him lose 47 pounds to his current Costco buys
▼ + stars: | 2024-03-13 | by ( Lizzy Briskin | ) www.businessinsider.com time to read: +7 min

Celebrity chef Duff Goldman lives with his wife and 3-year-old daughter in California. A peek inside Duff Goldman's fridge. Chilling cookie doughIt's no surprise to find cookie dough in Duff Goldman's fridge. Toom garlic dipToom is one of Duff Goldman's go-to dips. Toom Garlic Dip, Tyler Le/BIA bit hidden in Goldman's fridge is a highlighter-yellow tub of Toom garlic dip.

Persons: Duff Goldman, Goldman, —, you've, Johnna, Duff, Jennifer Aniston, he's, I've, Tyler Le, yolks, — Goldman, Duff Goldman's, Kirkland Organizations: Service, Charm, Goldman, Costco, Kirkland Locations: California, Ventura County , California, Italian, West Coast, Buffalo

21 Saint Mary's led nearly the entire way to beat No. 17 Gonzaga 69-60 on Tuesday night and interrupt the Bulldogs' stranglehold on the West Coast Conference Tournament title. Also for Saint Mary's, Saxen produced a double-double despite battling foul trouble, and WCC player of the year Augustas Marciulionis scored 13 points. The game was close throughout — Saint Mary's largest lead was 11 points — but the Gaels managed to stay in front almost throughout. Saint Mary's now has won 23 of 25 games, and the Gaels ended Gonzaga's nine-game winning streak.

Persons: — Aidan Mahaney, Mitchell Saxen, Saint Mary's, Gonzaga, Mahaney, Saxen, Marciulionis, Anton Watson, Ryan Nembhard, Graham Ike, ___ Organizations: LAS VEGAS, West Coast, Bulldogs, NCAA, Gaels, Saint, AP Locations: — Saint Mary's, Saint

The reversal comes as other high-profile liberal jurisdictions are also getting tougher on drugs and crime. And on Super Tuesday, San Francisco voters approved ballot measures that expand police powers and impose mandatory drug-screening and treatment requirements for welfare recipients. San Francisco had more than 800 motor vehicle thefts per 100,000 residents and – though a decline from 2022 – more than 20,000 car break-ins, according to The San Francisco Standard . In 2019, the year before voters approved the decriminalization measure, Oregon saw 280 accidental opioid overdose deaths, according to state public health authorities . “If you were to ask the public at large I think there’s a perception that it hasn’t worked,” says Hansen.

Persons: ” Kassandra Frederique, “, ” Leo Beletsky, –, Bob Lee, Henry Cuellar, Democrat –, Mayor London Breed, It’s, ” Beletsky, Tina Kotek, George Floyd’s, ”, Ben Hansen, hasn’t, Hansen Organizations: Drug Policy Alliance, Washington , D.C, San Francisco, Northeastern University, D.C, San Francisco Standard, Republican, Democrat, Mayor London, University of Oregon Locations: Oregon, Washington ,, Washington, carjackings, San Francisco, downtown San Francisco, Portland, Portland –, West Coast

☆ A key witness in Trump's classified documents case went public — and it could complicate Jack Smith's case
▼ + stars: | 2024-03-12 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But the witness' public recall of his role in the saga could cause complications in special counsel Jack Smith's case against Trump, a legal expert told Business Insider. AdvertisementButler's decision to come forward with his name is also surprising given Trump's fierce fan base, Rahmani said. Butler told CNN on Monday he considered going public for months as he watched developments in the case. US District Judge Aileen Cannon is set to hear arguments on two of Trump's motions to dismiss the case on Thursday.

Persons: —, Donald Trump, Jack Smith's, Brian Butler, Jack Smith, Trump, Walt Nauta, Carlos de Oliveira, Butler, Neama, Rahmani, de Oliviera, Smith, Aileen Cannon Organizations: Service, CNN, Trump, Business, Mar, Department, West, Trial, US Locations: Florida

☆ Florida condo owners are stuck in a 'train wreck' as prices drop and mounting insurance rates scare away buyers
▼ + stars: | 2024-03-10 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Read previewThe Florida condo market is caught in a storm. By contrast, median condo prices nationally rose 8% over the same period, to around $340,000. A deepening insurance crisis for Florida homeownersThe rising cost of insurance has been a long-simmering problem in Florida. Recently, he walked away from buying a $300,000 condo in North Palm Beach that would have come with a $4,500 annual insurance bill. On his own single-family home in Palm Beach Gardens, Forina added, his annual insurance premium, which was $2,600 in 2017, jumped to $8,200 in 2024.

Persons: —, It's, Joe Humphfner, rusk, Florida homeownership, Holly Meyer Lucas, Meyer Lucas, Anthony Forina, Forina, Humphfner Organizations: Service, Business, Sunshine State, Farmers Insurance, Bankers Insurance, Homeowners, Wall Street Journal, Condo, Humphfner Locations: Florida, Jupiter, West Palm, Jacksonville, Miami, Coral, Florida's, South Florida, North Palm, Palm Beach

☆ Opinion | Switching the Clocks Twice a Year Isn’t Just Annoying. It’s Deadly.
▼ + stars: | 2024-03-08 | by ( Laura Prugh | ) www.nytimes.com time to read: +2 min

An hour of the day will be unceremoniously snatched away on Sunday as we “spring forward” to daylight saving time. Last year, my research team showed that standard time leads to far more vehicles colliding with deer. Vehicle strikes already kill millions of wild animals each year, and collisions with deer are the best documented because they are so common and damaging. But traffic volumes are higher in the evening, and it’s hard for us to see things in the dark. The hour-earlier sunset that comes with standard time is thus an expensive, traumatic way to control the deer population.

Persons: It’s, it’s Organizations: Protection Locations: Maine, West, United States

☆ We were so lonely and isolated after moving to a Colorado mountain town we went back to New York
▼ + stars: | 2024-03-08 | by ( Sophie Katzman | ) www.businessinsider.com time to read: +8 min

Jackie Branholm and her husband moved from Brooklyn to Colorado and bought a mountain house. AdvertisementWe fell in love with the idea of mountain living. Our experience in Colorado shifted after moving to the mountainsAfter moving into our home in May 2021, our experience in Colorado shifted. We no longer had easy access to our Denver friends, bars, and coffee shops. After 4 years in Colorado and 2 years of isolated mountain living, we returned to New YorkFour years after moving to Colorado, we returned to my home state of New York to be closer to family.

Persons: Jackie Branholm, —, we'd Organizations: Service, New York Locations: Brooklyn, Colorado, Evergreen , Colorado, Coast, Denver, Lower Highlands, Evergreen, East Coast, New, New York

☆ Trump DA Fani Willis' credibility has been shot over messy testimony — but perjury charges are very unlikely: legal experts
▼ + stars: | 2024-03-06 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +11 min

DA Fani Willis' credibility has been damaged following a misconduct hearing, legal experts said. Willis' 'credibility is shot'Legal experts have long said that the hearing, and the relationship between Willis and Wade, doesn't look good for Willis. Rahmani said the distraction of it all is enough that Willis should recuse herself from the Trump case. On trips they took together, Willis and Wade testified that Willis paid Wade back for her portion in cash. Ms. Yeager heard District Attorney Willis tell Mr. Bradley: 'They are coming after us.

Persons: Fani Willis, Willis, Donald Trump, —, Trump, Wade, it's, Rahmani, Ashleigh Merchant, Trump codefendant Mike Roman, Nathan Wade, Wade —, Daysha Young, Andrew Evans, Alex Slitz, doesn't, Sarah Krissoff, Cozen O'Connor, Krissoff, Scott McAfee, McAfee, Terrence Bradley, Merchant, Bradley, Manny Arora, Cindi Lee Yeager, Cobb County , Georgia —, Trump codefendant David Shafer, Yeager, John Bazemore, Elijah Nouvelage, Mr, Trump codefendant Cathleen Latham, Arora —, Kenneth Chesebro, Arora, Adam Abbate, Abbate Organizations: Service, Fulton, West, Trial, Trump codefendant, Trump, codefendants, Merchant, Wade, Business, USA, Network, Reuters, District Attorney, AP, Washington Post Locations: Georgia, Fulton County, California, Atlanta, Manhattan, Fulton, Cobb County , Georgia

☆ Where Electric Vehicles Are (and Aren’t) Taking Off Across the U.S.
▼ + stars: | 2024-03-06 | by ( Nadja Popovich | ) www.nytimes.com time to read: +7 min

Where Electric Vehicles Are (and Aren’t) Taking Off Across the U.S.Last year, Americans bought more than one million fully electric cars, trucks and SUVs, a record and a milestone for the country’s transition away from gas-powered vehicles. To fight climate change, the Biden administration and many state governments want to accelerate the transition to electric vehicles. experience from pretty easy and kind of hard,” said Ken Kurani, a researcher focused on electric vehicles at the University of California, Davis. Only two electric vehicles in the analysis, both made by Tesla, cost the same or less than similar gas models. But for now, “there are some very real ways in which, in comparison to conventional vehicles, electric vehicles either really are still struggling to be as good or better, or are struggling against the imagination that they’re not as good or better,” he said.

Persons: Tom Libby, Mr, Libby, “, ”, Biden, Ken Kurani, Kurani, Brittany Greeson, Philip Cheung, We’re, Tesla, “ We’re, Jessica Caldwell, Kelley, Davis Organizations: P Global Mobility, P, Pew Research Center, University of California, The New York Times, BMW, Ford, Hyundai, General Motors Locations: Florida, Texas, West Coast, California, San Francisco Bay, Los Angeles, Detroit, Bismarck, N.D, United States, Davis, Chicago, Norway, Edmunds, U.C

☆ RuPaul Is Sending a Rainbow Bus to Give Away Books Targeted by Bans
▼ + stars: | 2024-03-04 | by ( Amanda Holpuch | ) www.nytimes.com time to read: 1 min

At a time of book bans and efforts by state legislatures to ban drag shows, the performer and television producer who is arguably the country’s most famous drag star, RuPaul, is the co-founder of a new online bookstore that will be sending a rainbow school bus from the West Coast to the South to distribute the very books targeted by those bans. He announced on Monday that he was one of three business partners behind the bookstore, Allstora, which will promote underrepresented authors and provide writers with a greater share of profits than other online booksellers do. RuPaul said that this sort of book website would fill an important gap, especially in “these strange days, we’re living in,” to support the ideas of people “who are willing to push the conversation forward.”

Persons: RuPaul, “, ” Locations: West Coast, ”

☆ The 3 states where 'Big Short' investor Kyle Bass is buying real estate to capitalize on migration trends
▼ + stars: | 2024-03-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Kyle Bass is investing in Texas, Florida, and Tennessee, he said in a recent interview with the Investor's Podcast Network. These states should benefit from migration to lower-cost states, a trend that's already happening. Bass has been buying rural land to capitalize on demand for environmental credits. By then, the price-per-acre of rural land had appreciated 123% over the decade, the outlet cited. "When I think about gold versus rural land again, I have the population demographic in my tailwind," he said in 2022.

Persons: Kyle Bass, Bass, he's, isn't Bass Organizations: Service, Bloomberg, Hayman Capital, Equity Management Locations: Texas , Florida, Tennessee, Florida , Tennessee, Texas, West Coast, California, New York, China

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