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☆ People priced out of Austin and Orlando are moving to these cheaper cities
▼ + stars: | 2024-03-27 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Austinites are heading an hour away, to Killeen, according to real-estate consultancy John Burns. Orlando residents are decamping to Lakeland, Florida, trading nightlife for space, John Burns said. The Austin metropolitan area similarly grew 2.7% in 2021 and 2022, adding 63,000 people, according to the city of Austin. In 2021, 1,607 households moved from Orlando to Lakeland, while 250 households left Austin for Killeen, John Burns said in its analysis, published March 5. The primary reason is affordability, Austin real-estate agent Lisa Copeland told Business Insider.

Persons: John Burns, —, Orlando, Redfin, Killeen, Austin, Lisa Copeland, Copeland, Jordan Prais, It's, Prais, Lakeland's, it's Organizations: Service, Orlando, Austin, John, John Burns Research, Consulting, Business, Lakeland, Florida Children's Museum, Army Locations: Killeen, Orlando, Lakeland , Florida, Austin, Killeen , Texas, Lakeland, Central Florida, Austinites, Texas, Fort Hood

☆ Adam Neumann’s bid to buy back WeWork faces uphill battle due to financing challenges
▼ + stars: | 2024-03-26 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Adam Neumann has sent a preliminary offer to buy WeWork out of bankruptcy for more than $500 million, five years after he was ousted by the office-sharing company he founded. CNBC spoke with multiple people familiar with the company and Neumann's offer. Investment firm Rithm Capital, which acquired Daniel Och's Sculptor Capital Management in November, is one of parties interested in financing the bid, sources told CNBC. That's because Neumann has previously named other financing sources in prior communications with WeWork's advisors that haven't come to fruition, the sources say. Baupost Group also was floated as a potential financing source months earlier but didn't join Neumann's latest bid, the people said.

Persons: Adam Neumann, Neumann, Daniel Och's, haven't, Dan Loeb's, Baupost, WeWork, — Organizations: CNBC, Rithm, Capital Management, Baupost, Neumann's, Financial Times

☆ Adam Neumann is trying to buy back WeWork
▼ + stars: | 2024-03-25 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

Adam Neumann submitted a bid to buy back WeWork. The WeWork cofounder has been trying to regain control of the company since parting ways five years ago. AdvertisementWeWork cofounder Adam Neumann is trying to regain control of the bankrupt coworking company. Neumann has submitted a bid to buy WeWork for more than $500 million, The Wall Street Journal reported Monday. The move comes after an attorney for Neumann and his new real estate company Flow Global sent a letter to WeWork's lawyers detailing efforts to buy back the company last month.

Persons: Adam Neumann, —, Neumann, Dan Loeb's, hadn't, we've, it's, WeWork Organizations: Service, Street, Flow Global, Business, Wall Street, Flow, Global, Bloomberg, Board

☆ Adam Neumann makes a $500 million bid for WeWork that could hit $900 million if financing and diligence firm up
▼ + stars: | 2024-03-25 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Adam Neumann has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of bankruptcy, a person familiar with the matter told CNBC. That bid could go up to $900 million pending due diligence, the person said. Neumann, his family office Nazare, and his Andreessen Horowitz-backed real estate venture Flow filed a notice of appearance in WeWork's bankruptcy docket on Monday. Flow did not respond to CNBC's request for comment regarding the $900 million potential bid. Neumann's bid, which was first reported by the Wall Street Journal, may complexify WeWork's bankruptcy proceedings.

Persons: Adam Neumann of WeWork, Victor Fung Kwok, Adam Neumann, Dan, Neumann, Andreessen Horowitz, —, WeWork, we've, it's, lessors Organizations: Fung Group, CNBC, Board, Wall Street Locations: Shanghai, China

☆ Here are 13 Trump properties that NY AG Letitia James can go after if he doesn't pay up
▼ + stars: | 2024-03-22 | by ( Laura Italiano | Dan Latu | ) www.businessinsider.com time to read: +1 min

Seven SpringsTrump's Seven Springs estate is one of the largest privately-owned properties in Westchester County, according to the Trump Organization website. The Washington PostOn March 6, state Attorney General Letitia James registered the civil judgment in the county of Westchester, according to Bloomberg, allowing her to seek the county sheriff's sale of two properties Trump owns there. One of those properties is Seven Springs, built in 1919 for the publisher of the Washington Post. At more than 200 acres, it is the largest privately-owned property in Westchester County, according to the Trump Organization's website. Trump fraudulently claimed the estate was worth $291 million in financial filings from 2012, 2013 and 2014, the judge in the civil fraud case found.

Persons: Letitia James, Trump Organizations: Trump Organization, Washington Post, Bloomberg, Trump, Forbes Locations: Westchester County, Westchester

A different kind of battle for Third PointA small computer chip design company, R2 Semiconductor, has been notching wins in a potentially big patent fight against Intel over the past few months — a dispute that could force Intel to stop selling several chip lines in Europe. The context: R2 sued Intel, as well as two customers, Hewlett Packard Enterprise and Dell, in Germany, alleging that the chipmaker had infringed on a patent dealing with voltage regulation in semiconductors. A regional court in February issued injunctions against the sale of at least some Intel chips. And on March 8, a higher court rejected Intel’s effort to halt the decision. Meanwhile, a trial in Britain over the patent is set to begin next month.

Persons: DealBook, Dan, haven’t Organizations: R2 Semiconductor, Intel, Amazon Web Services, Fujitsu, Hewlett Packard Enterprise, Dell Locations: Europe, Germany, Britain

☆ See how badly your home could be hit by heat, wind, and bad air over the next 30 years
▼ + stars: | 2024-03-13 | by ( Dan Latu | Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Realtor.com has unveiled a set of climate risk tools that homeowners and homebuyers alike can use to learn the specific climate risks of a property. The tools, called Heat Factor, Wind Factor, and Air Factor, are available starting Wednesday and can map out a neighborhood's risks of above-normal days on the heat index, chances of experiencing wind gusts over 50 mph, and days of poor air quality. More than 40% of US homes, valued at a combined $20 trillion, are vulnerable to extreme heat, wind, and poor air quality, according to a Realtor.com analysis. Understanding your home's climate riskPrior to releasing the heat, wind, and air quality tools, Realtor.com already provided fire and flood risks for properties based on data from First Street. First Street, a climate-risk firm, is also behind the data on extreme heat, wind, and air quality now added to listings.

Persons: Realtor.com, Oscar Seikaly, Bob Stephens, homebuyers, Danielle Hale, Hale, Z, Redfin, we've Organizations: Service, Factor, Air Factor, Business, San, Sun Locations: Florida , California, Texas, Miami, San Francisco, California, Florida

☆ Stocks making the biggest moves midday: Southwest, Oracle, 3M, New York Community Bancorp and more
▼ + stars: | 2024-03-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Oracle — The database software stock surged 11% and headed for its best day since December 2021 after posting fiscal third-quarter earnings that topped Wall Street's expectations. Asana — The stock shed about 11% after the work management platform issued weak full-year revenue guidance. Asana said to expect revenue between $716 million and $722 million, less than the forecast of $725 million estimated by analysts polled by LSEG. American is expecting an adjusted loss of 15 cents to 35 cents per share, versus a 22 cent loss expected from analysts polled by FactSet. On lost 0.05 Swiss franc per share, while analysts polled by StreetAccount expected On to earn 0.10.

Persons: Oracle, William Brown, Asana, Microstrategy, Canaccord, TD Cowen, Dan Loeb's, StreetAccount, Archer, Daniels, Samantha Subin, Lisa Han, Alex Harring, Sarah Min Organizations: Southwest Airlines —, Boeing, Southwest, Oracle, L3Harris Technologies, LSEG, Wall Street, Boeing —, New York Times, Max, Alaska Airlines, Acadia Pharmaceuticals, American Airlines —, FactSet, Management, Advance, Swiss, Revenue, Daniels, Midland, Daniels Midland, . New York Community Bancorp Locations: .

☆ Airbnb bans security cameras indoors worldwide
▼ + stars: | 2024-03-11 | by ( Dan Latu | ) www.businessinsider.com time to read: +3 min

Cameras were previously allowed if they were disclosed in the online listing description. AdvertisementAirbnb is officially banning the use of security cameras inside its listings, the short-term rental giant said Monday. Now Airbnb said it is changing its policy to a blanket ban after consulting with "guests, hosts, and privacy experts." Outdoor security cameras can remain in place, as long as they are disclosed in the listings. Airbnb security cameras divide hosts and guestsHosts and guests have clashed in the past on the use of security cameras in Airbnbs.

Persons: Airbnb, —, Zach Narus, Narus, Lisa Lewis, Lewis, Max Vest Organizations: Service, Airbnb, Twitter Locations: Airbnb, Arizona, Foley , Alabama, Florida, Miami

☆ Stocks making the biggest moves after hours: Oracle, Vail Resorts, Advance Auto Parts and more
▼ + stars: | 2024-03-11 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Oracle — The database software stock surged about 10% in extended trading after fiscal fourth-quarter results topped analysts' earnings estimates. Vail Resorts — Shares of the ski resort operator fell more than 3% after its latest quarter missed estimates on the top and bottom lines. Vail also cut its full-year guidance amid lower snowfall across Western North American resorts through January. Asana — Shares of the work management platform rose slightly in after-hours trading after fiscal fourth-quarter results topped estimates. A sign is posted in front of the Oracle headquarters in Redwood Shores, California, on March 11, 2024.

Persons: Vail, Asana, Dan Loeb's, Justin Sullivan Organizations: Vail, Advance, Oracle Locations: Redwood Shores , California

☆ Advance Auto Parts reaches deal with Dan Loeb's Third Point, Saddle Point for three board seats
▼ + stars: | 2024-03-11 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

An exterior view of the Advance Auto Parts store at the Sunbury Plaza, in Sunbury, Pennsylvania. Dan Loeb's Third Point and activist Saddle Point have a stake in Advance Auto Parts and reached a settlement with the company that will give the activists three board seats, the company confirmed Monday. Tom Seboldt, Gregory Smith and Brent Windom will join Advance Auto Parts' board effective immediately, the company said. Advance Auto Parts shares rose 3.7% after The Wall Street Journal reported the news of Third Point's position and settlement. Roy Katzovicz, Saddle Point CEO and former Pershing Square partner, said Advance Auto Parts had "enormous potential."

Persons: Dan Loeb's, Tom Seboldt, Gregory Smith, Brent Windom, Shane O'Kelly, " O'Kelly, Point's Loeb, Roy Katzovicz Organizations: Advance, Street Journal, Pershing Square Locations: Sunbury, Sunbury , Pennsylvania

☆ 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

☆ The Ambani family owns the world's most expensive private residence. Take a look at their Mumbai tower, Antilia, which cost $1 billion to build, has 3 helipads, and contains a 168-car garage.
▼ + stars: | 2024-03-07 | by ( Dan Latu | ) www.businessinsider.com time to read: +1 min

The Ambani family, which just threw a pre-wedding party for son Anant, has built a tower in Mumbai. The 27-story house, called Antilia, is said to be the most expensive private residence in the world. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMukesh Ambani, India's richest man, and his family live in a fittingly opulent 27-story tower on Mumbai's most exclusive street.

Persons: Anant, —, Mukesh Ambani Organizations: Service, Guinness, World Records, Business Locations: Mumbai, Europe

NEW YORK (AP) — A federal judge in Texas has ordered a 55-year-old U.S. agency that caters to minority-owned businesses to serve people regardless of race, siding with white business owners who claimed the program discriminated against them. The agency, which helps minority-owned businesses obtain financing and government contracts, now operates in 33 states and Puerto Rico. Justice Department lawyers representing Minority Business Development Agency declined to comment on the ruling, which can be appealed to the conservative-leaning 5th U.S. John F. Robinson, president of the National Minority Business Council, said the ruling is “a blow against minority owned businesses," and does nothing to help majority-owned businesses because they already enjoy access to federal resources through the Small Business Administration. "It has the potential of damaging the whole minority business sector because there will be less service available to minority-owned businesses,” Robinson said.

Persons: Mark T, Pittman, Donald Trump, Nixon, Biden, ” Pittman, Dan Lennington, ” Lennington, John F, Robinson, ” Robinson, Arian Simone, Alphonso David, David, Stanley Goldfarb, ”, “, —, David Glasgow, Graham Lee Brewer, Haleluya Hadero Organizations: —, U.S, Northern, Northern District of, U.S . Commerce Department, Infrastructure Investment, Jobs, Black, Wisconsin Institute for Law & Liberty, Justice Department, Business, Agency, Circuit, National Minority Business Council, Small Business Administration, Economic, Pfizer, The, Appeals, American Alliance for Equal Rights, Meltzer Center for Diversity, New York University’s School of Law, Supreme, AP Locations: Texas, Northern District, Northern District of Texas, Puerto Rico, New Orleans, Tennessee, Atlanta, The New York, Florida, New

☆ We've traveled to 91 countries and found 3 hidden gems for seasoned travelers
▼ + stars: | 2024-03-05 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

After visiting all 50 states and 51 national parks, they've traveled to over 91 countries. Hidden gems in Denmark, Latvia, and Greece were their favorite destinations in the world. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Faroe Islands, DenmarkFaroe Islands, Denmark. Faroe Islands, Denmark.

Persons: John, Beverly Martin, they've, —, John Martin, Beverly, dirk moll John, There's, James Bond, Roberto Moiola Beverly, Marcus Lindstrom John, Maremagnum Beverly, Vasilis, Beverly Martin John, Folegandros Organizations: Service, Zeppelin, Beverly Locations: Florida, Denmark, Latvia, Greece, Faroe Islands, Denmark Faroe Islands, Faroe, Iceland, Scotland, Norway, Riga, Latvia Riga, It's, Europe, Beverly, Folegandros, Greece Folegandros, Santorini, There's

☆ A real-estate investor who says he lost $36,000 investing in turnkey properties shares 4 things he would have done in hindsight to avoid the headaches
▼ + stars: | 2024-03-01 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

When real-estate investors talk about "turnkey" rental properties, they mean a unit that is already habitable and ready to rent out. That's what Texas-based real-estate investor Aaron Logan expected when he bought several turnkey rental properties over the last five years or so. Since Logan bought it, he's had to replace the HVAC unit, the roof, and the sump pump. Logan said he trusted that the turnkey marketing company he was working with knew that the turnkey seller would be quality. "You need a good agent, a good need a good property manager, you need a good contractor — there are other ways to track that down other than using a turnkey company," Logan said.

Persons: Aaron Logan, Logan, he's, it's, Dan Lane, Lane Organizations: Business, Facebook Locations: Texas, Birmingham , Alabama

☆ Netflix Names Dan Lin Its Top Movie Executive
▼ + stars: | 2024-02-28 | by ( Nicole Sperling | More About Nicole Sperling | ) www.nytimes.com time to read: +1 min

Netflix said on Wednesday that the producer Dan Lin would replace Scott Stuber as the streaming company’s top film executive. Mr. Stuber was the head of Netflix Film for seven years before announcing last month that he would be leaving. During his tenure, he brought a bevy of Oscar-winning filmmakers to Netflix and helped the company push the rest of the entertainment industry into the streaming era. He will report to Bela Bajaria, Netflix’s chief content officer. “While I’ve been approached many times during my past 15 years at Rideback, I could truly never imagine leaving until Bela reached out with this incredible opportunity,” Mr. Lin said in a statement.

Persons: Dan Lin, Scott Stuber, Stuber, Oscar, . Lin, Bela Bajaria, I’ve, Bela, Mr, Lin Organizations: Netflix, Warner Bros, Rideback Productions Locations: Rideback

☆ This sector offers defensive and growth properties – along with some portfolio income
▼ + stars: | 2024-02-26 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

The health-care sector of the S & P 500 is up about 8% year to date, marking a sharp comeback from a largely flat 2023. Even as health care is making a comeback this year, investors shouldn't forget its defensive attributes. Back in 2022, when the S & P 500 fell 19.4%, the health-care sector slipped only 3.5% "When markets are challenged, health care can be a good place to be," Lyons added. Some of them speak to the growth aspects of health care and why you can play offense." Merger activity is another driver of growth in health care, as large pharmaceutical companies snap up nimble biotech firms that are at the forefront of developing treatments.

Persons: Dan Lyons, Janus Henderson, shouldn't, Lyons, ImmunoGen, Seamus Fernandez, Sotatercept, Cigna, Cantor Fitzgerald, Sarah James, Fred Imbert Organizations: Big Tech, . Healthcare, Janus, Janus Henderson Investors, U.S . Food, Drug Administration's Center, Drug, Research, FDA, Esai, Pharmaceuticals, CNBC Pro, Merck, Abbott Laboratories, AbbVie, CVS Health Locations: U.S

☆ Hedge funds took profits in these popular technology stocks during the fourth quarter
▼ + stars: | 2024-02-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Hedge funds appeared to take profits in a host of winning " Magnificent Seven " stocks during the fourth quarter at the end of a blowout year for the septet. Still, Nvidia shares rallied 14% in the fourth quarter, extending a 3% gain in the September quarter. Nor was Nvidia the only semiconductor maker that hedge funds cut back on in the fourth quarter. Reducing exposure to the rest of Magnificent Seven Hedge funds also took profits in a handful of other popular Magnificent Seven stocks that helped power 2023's AI-fueled market rally. Beyond the most prominent companies, hedge funds also made key reductions in other popular technology and semiconductor bets last quarter.

Persons: Dan Sundheim zeroed, Stanley Druckenmiller, David Tepper's, Phillippe Laffont's Coatue, Global's Chase Coleman, Jensen Huang, chipmaker, Tepper, Ole Andreas Halvorsen, Druckenmiller, Baupost Group's Seth Klarman, Coatue's Laffont, Point's Dan Loeb, Berkshire Hathaway, Value's Jeffrey Smith, Marc Benioff, Appaloosa's Tepper, Michael Burry, Druckenmiller amped, Point's Loeb, Coatue, Laffont, Tiger Global's Coleman, —, Alex Harring, Yun Li Organizations: Appaloosa Management, D1, Technology, Wall, Nvidia, Management, Devices, Intel, Qualcomm, Taiwan Semiconductor, Viking, Arm Holdings, VanEck Semiconductor, Google, Microsoft, Duquesne, Viking Global, Corvex Management, Sundheim's D1 Capital, Baidu, Arista Networks, Scion, Oracle, Amazon, Tiger Global, Apple, Taiwan, Broadcom Locations: TSM, Meta, Berkshire, Salesforce, Chinese, China

☆ We've visited 50 states and 91 countries and almost always choose hotels over Airbnbs. Here's why.
▼ + stars: | 2024-02-17 | by ( Dan Latu | ) www.businessinsider.com time to read: +6 min

Initially, we were going to live in a golf community in Palm City, Florida, and also do some traveling. Courtesy of John and Beverly MartinJohn: When COVID hit, we realized we couldn't travel internationally. So we sold our house, bought the Airstream for $50,000, and visited all 50 states and 51 national parks in two years. John: After about a year, we started noticing we could stay at hotels for a similar price to the Airbnbs. Beverly: We've had some amazing stays, like a luxury hotel in Delhi.

Persons: —, John Martin, Beverly, Beverly Martin John, Bev, Beverly Martin Beverly, John, We've, Airbnb, we're, We're, would've Organizations: Service, Beverly, Central America, The, YouTube, Kruger National Park Locations: United States, Palm City , Florida, Beverly, New Zealand, California, Florida, Greece, Panama, Sri Lanka, North Macedonia, Kosovo, Europe, Central, Asia, Norway, Albania, Bulgaria, Costa Rica, Guatemala, Santorini, Hyatts, Laos, Delhi, South Africa, Victoria Falls, West Africa

☆ Wall Street billionaires dump Alphabet. How they traded 7 other portfolio stocks as well
▼ + stars: | 2024-02-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

In the fourth quarter, specifically, shares of Alphabet rose 6.75%. Third Point owned Alphabet for less than a year , while Druckenmiller traded in and out of the stock in recent quarters. Some Wall Street veterans merely pared back their exposure to Alphabet in the quarter, including David Tepper's Appaloosa Management . Baupost Group — the hedge fund run by value investor Seth Klarman — sold about 23% of its Alphabet stock over the same stretch. Berkshire parted ways with about 10 million shares of the iPhone maker, leaving the conglomerate with more than 905 million shares, worth $174.35 billion, at the end of the quarter.

Persons: Dan Loeb's, Stanley Druckenmiller, Druckenmiller, David Tepper, David Tepper's, Seth Klarman —, Jim Cramer, Michael Bury, Bill Ackman's, Tepper, Druckenmiller —, —, Eli Lilly, Lilly, Danaher, Warren Buffett's Berkshire Hathaway, Buffett, Jeff Smith's, Marc Benioff, shouldn't, Jim, Jim Cramer's, Justin Sullivan Organizations: Club, Securities and Exchange Commission, SEC, Microsoft, Apple, Nvidia, Palo Alto Networks, Wall, Management, Bill Ackman's Pershing, Capital Management, Duquesne Family, Trust, CNBC, Warren, Berkshire, BNSF Railway, Geico, Inclusive, Jim Cramer's Charitable Locations: Palo, 13Fs, Jim's, Mountain View , California

☆ Third Point’s Dan Loeb exits Alphabet, trims Big Tech bets on Amazon and Microsoft
▼ + stars: | 2024-02-14 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Dan Loeb's Third Point dumped its stake in Alphabet after owning the YouTube parent for less than a year, according to the latest regulatory filing. The hedge fund manager also trimmed Big Tech bets on Amazon and Microsoft . The New York-based hedge fund exited its Alphabet stake, worth about $120 million, entirely in the fourth quarter. Third Point slashed its Amazon holding last quarter by 10%, owning 4.2 million shares at the end of December worth some $638 million. The hedge fund also cut its Microsoft stake by about 9%, down to a $758 million bet at the end of 2023 — the fund's second biggest position.

Persons: Dan Loeb's, Loeb Organizations: YouTube, Tech, Microsoft, Google, Verizon Communications, Fleetcor Technologies, Apollo Global Management, EQT Corp, Biomarin Pharmaceutical Locations: New York

Shanker also raised his price target to $80 from $75, suggesting nearly 34% downside from Friday's close. — Spencer Kimball 8:16 a.m.: Loop Capital upgrades Corteva, touts growth acceleration in 2025 Corteva's stronger-than-expected 2024 full-year guidance will jumpstart a period of strong growth, according to Loop Capital. The firm upgraded the agricultural chemicals company to buy from hold and increased its price target to $65 from $57. Analyst Jay Sole upgraded Urban to neutral from sell and upped his 12-month price target by $20 to $41. Kaufman's $183 price target indicates roughly 6.3% downside for shares, which have fallen more than 18% over the past year.

Persons: headwinds, Morgan Stanley downgrades XPO, Morgan Stanley, Ravi, Shanker, — Michelle Fox, Julien Dumoulin, Smith, Duke's, — Spencer Kimball, Chris Kapsch, Kapsch, Brian Evans, Cassie Chan, they'll, Chan, —, Jay Sole, URBN, Sole, Urban's, — Pia Singh, Filippo Falorni, Falorni, Hershey, Stanley, Pamela Kaufman, Kaufman's, Hershey's, Kaufman, Graham Doyle, Doyle, Piper Sandler, David Amsellem, Amsellem, Amsellam, Christopher Horvers, Jan, Horvers, Fred Imbert, Dan Levy, Levy Organizations: CNBC, Barclays, Automotive, JPMorgan, Corp, Bank of America, Bank of America downgrades Duke Energy, Duke Energy, Duke, Wall, America, UBS, Urban Outfitters, Free People, Urban, Citi, PepsiCo, Citi Research, Pepsi, Hershey, GE Healthcare Technologies, UBS GE Healthcare Technologies, Pharmaceutical, Teva Pharmaceutical, Federal, Barclays downgrades Rivian, Rivian Automotive, North American EV Locations: Bank of America downgrades, GEHC, David Amsellem U.S

☆ The 24 best places for Airbnb investments in 2024
▼ + stars: | 2024-02-07 | by ( Dan Latu | ) www.businessinsider.com time to read: +3 min

New investors poured in, hoping for profits, only to see increased competition from other new hosts and host revenue dip nationwide in 2023. Some of the best places to invest in short-term-rentals today are in smaller cities near outdoor attractions, according to analytics site AirDNA, which ranks the best places for Airbnb hosts to invest each year. AdvertisementAirDNA also highlighted spots that bucked the national trend to show growth in host revenue last year. Take Marquette, Michigan, a town on the shores of Lake Superior, which initially ranked high among the best places to invest. AdvertisementHere are the best 24 cities and towns to invest in an Airbnb in 2024, according to AirDNA, which provided all the data.

Persons: —, Peggy Gascon, Ryan Villines, Jamie Lane, Lane, AirDNA Organizations: Service, Business, . Locations: Phoenix , Arizona, Montana, Ellsworth , Maine, Acadia, Port Angeles , Washington, . Columbus , Georgia, Chattahoochee, New York City, Dallas, Marquette , Michigan, Lake Superior

WeWork’s founder is trying to buy itAdam Neumann shot to fame by turning WeWork into a cultural and business phenomenon, before being ousted from the work space operator in dramatic fashion. But for the past several months, he has been trying to buy the now-bankrupt business — with the help of the hedge fund mogul Dan Loeb, DealBook is the first to report. Neumann’s new real estate company Flow Global is pushing WeWork to consider its takeover approach, according to a letter his lawyers sent to WeWork’s advisers on Monday. Flow which has already raised $350 million from the venture capital firm Andreessen Horowitz, disclosed in the letter that Loeb’s Third Point would help finance a transaction. Flow has sought to buy WeWork or its assets, as well as provide bankruptcy financing to keep it afloat.

Persons: Adam Neumann, Dan Loeb, DealBook, Andreessen Horowitz Organizations: Flow

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