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SummarySummary Companies February PCE growth slowsVirgin Orbit announces layoff plans, shares tankFutures up: Dow 0.37%, S&P 0.28%, Nasdaq 0.14%March 31 (Reuters) - Wall Street's main indexes were set to open higher on Friday after data showed inflation slowed in February, supporting hopes of a softer monetary policy approach from the Federal Reserve. Traders' bets of a 25-basis-point rate hike in May stand at 55.5%, with odds of a pause at 44.5%, according to CME Group's Fedwatch tool. "But in terms of the Fed's calculus, they'll have to have more confirmation that disinflation is really taking hold beyond just a few data points here and there." U.S. 10-year Treasury yields fell to a session low of 3.534% after the data. The KBW Regional banking index (.KRX) and the S&P 500 banks index (.SPXBK), which houses major banks, have lost 19% and 14%, respectively, so far during the quarter.

SummarySummary Companies February PCE data due at 8:30 am ETVirgin Orbit announces layoff plans, shares tankFutures mixed: Dow up 0.23%, S&P up 0.19%, Nasdaq flatMarch 31 (Reuters) - U.S. stock index futures were mixed on Friday as investors awaited inflation data for cues on the Federal Reserve's monetary policy path amid receding fears of a banking crisis. The Commerce Department is expected to release the February reading of the personal consumption expenditures (PCE) price index, the Fed's preferred measure of inflation, at 8:30 am ET (12:30 GMT). The KBW Regional banking index (.KRX) and the S&P 500 banks index (.SPXBK), which houses major banks, have lost 19% and 14%, respectively, so far during the quarter. ET, Dow e-minis were up 76 points, or 0.23%, S&P 500 e-minis were up 7.75 points, or 0.19%, and Nasdaq 100 e-minis were up 1.25 points, or 0.01%. Reporting by Amruta Khandekar and Ankika Biswas; Editing by Nivedita Bhattacharjee and Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ Wall St ends higher as bank contagion fears ease, Fed eyed
▼ + stars: | 2023-03-20 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

UBS late on Sunday agreed to buy rival Credit Suisse (CSGN.S), for $3.23 billion, in a merger engineered by Swiss authorities to avoid more turmoil in the banking group. The S&P Banking index (.SPXBK) and the KBW Regional Banking index (.KRX) were higher following sharp losses last week. The collapse of Silicon Valley Bank and Signature Bank (SBNY.O) shook markets earlier this month. "Where it is another bank coming in, that is the kind of headline that helps underpin confidence in the banking system," Krosby said. The Credit Suisse takeover helped the market, but U.S.-listed shares of Credit Suisse were down sharply on Monday, while UBS Group shares were up.

Traders have raised bets of the Fed likely hitting a pause on rate hikes on Wednesday to ensure financial stability as bank sector troubles triggered by the collapse of Silicon Valley Bank and Signature Bank (SBNY.O) threaten to snowball. Over the weekend, UBS (UBS.N) agreed to buy rival Credit Suisse for $3.23 billion, in a merger engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. U.S.-listed shares of Credit Suisse plummeted 48.5% to hit a fresh record low, while UBS reversed premarket declines to rise 7.8%. PacWest Bancorp (PACW.O) jumped 21% after the bank said deposit outflows had stabilized, while New York Community Bancorp (NYCB.N) also gained 33% after the bank's unit agreed to buy deposits and loans from Signature Bank. The S&P Banking index (.SPXBK) and the KBW Regional Banking index (.KRX), which on Friday had logged their largest two-week drop since March 2020, rose 1.4% and 3.2%, respectively, in early trade.

Markets have scaled back expectations for an aggressive 50-basis-point interest rate hike from the Fed at its March 22 meeting, following the turmoil in the banking sector triggered by the collapse of Silicon Valley Bank and Signature Bank (SBNY.O) earlier this month. Over the weekend, UBS (UBS.N) agreed to buy rival Credit Suisse for $3.23 billion, in a merger engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. While the deal helped calm jitters about the banking sector, U.S.-listed shares of Credit Suisse plummeted 54.9% to hit a fresh record low. PacWest Bancorp (PACW.O) jumped 11.5% after the bank said deposit outflows had stabilized, while New York Community Bancorp (NYCB.N) gained 32.1% after the bank's unit agreed to buy deposits and loans from Signature Bank. The S&P Banking index (.SPXBK) and the KBW Regional Banking index (.KRX), which on Friday had logged their sharpest two-week drop since March 2020, rose 1.4% and 2.6%, respectively.

☆ The 10 most expensive U.S. states to retire in — California didn't make the list
▼ + stars: | 2023-03-19 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

In addition to being home to the most expensive city to live in worldwide, New York is the least affordable U.S. state to retire in. That's according to WalletHub's "2023 Best States to Retire," which compared all 50 states across three main categories: affordability, quality of life and health care. The ranking looked at adjusted cost of living, general tax-friendliness and annual cost of in-home services, as well as other factors. Don't expect to find affordability across the Hudson River either: New Jersey ranks as the second most expensive state to retire in. Here are the top 10 most expensive states to retire in, according to WalletHub:New York New Jersey Vermont Massachusetts Maryland Washington Connecticut Maine Illinois OregonRetirement will look different to everyone, and there are several factors to consider.

☆ Want to work from anywhere? These are the top 10 U.S. cities for digital nomads
▼ + stars: | 2023-02-19 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

It tops the best U.S. cities for digital nomads, according to a new analysis from Reviews.org, which ranked the country's top 100 metros based on various work and life factors. Austin, Texas, comes in third and is one of three Texas cities that crack the top 10. Here are the top 10 U.S. cities for digital nomads:Atlanta Portland, Oregon Austin, Texas Seattle Phoenix Houston Dallas Chicago Las Vegas San FranciscoReviews.org ranked each city based on several work and life factors. Texas makes a strong showing, with three cities ranking well for digital nomads, buoyed in part by its agreeable weather and low cost of real estate. The two most populated cities in the U.S., meanwhile, don't come close to cracking the top 10 best cities for digital nomads.

☆ Idaho, Utah Workers Led U.S. in Quitting Jobs, While New Yorkers Largely Stayed Put
▼ + stars: | 2023-02-18 | by ( Bryan Mena | ) www.wsj.com time to read: 1 min

Job openings and quitting tend to be highest in lower-wage service-sector jobs. A robust labor market gave Americans confidence to quit their jobs last year, especially in some Western states. Workers voluntarily left their jobs 4.2 million times each month, on average, in 2022, up about 20% from 2019, before the pandemic took hold in the U.S. But workers weren’t equally confident about their prospects for quickly finding new employment across the country.

☆ 60,000 miles of US roads could be under water in a few decades. Here's how experts say we can save our critical infrastructure.
▼ + stars: | 2023-02-16 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +9 min

"In the Keys, if you redo your house, you have to mitigate it for sea level rise," he told Insider. The islands are particularly exposed to rising sea levels. Across the country, you can expect coastlines to rise an average of 10 to 12 inches over the next 30 years, according NOAA's Sea Level Rise Viewer, which lets you adjust sea level rise and visualize how in trouble your house or your commute might be. Then, he started doing what NOAA recommends, reading about sea level rise and the plans that individual communities are studying to increase their own resiliency. By understanding how to adapt incrementally, and starting to act as soon as possible, the US can learn how to adapt to rising sea levels.

Thirteen relatives of victims spoke during the hearing including Simone Crawley, who called Gendron, 19, a "cowardly racist." The sentence, which was expected because the state does not employ the death penalty, was given by Erie County Court Judge Susan Eagan. Erie County District Attorney John Flynn and Buffalo Mayor Byron Brown called Gendron's apology too little and too late. "I anticipate what he said today was to save his life in federal court," Flynn said after the hearing. His lawyers have sought a plea deal relating to these in an effort to avoid a possible death sentence.

☆ The 'singles tax': People who live alone are paying thousands more on rent than their coupled-up counterparts
▼ + stars: | 2023-02-14 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +6 min

It costs to be single: Americans living alone are facing a "singles tax" that costs thousands. A recent Zillow analysis compares how much more single Americans are paying to live alone in a one-bedroom place, compared to couples in the same spots. The results: On average, solo Americans are paying a "singles tax" of almost $7,000 every year. Those three all have singles tax of above $10,000 per Zillow's analysis on one-bedrooms. Silvia Tergas, a financial planner with Prudential, told Insider the singles tax is also reflected in the actual tax system, which largely benefits married couples who file jointly.

☆ Does anyone want to stay in investment banking these days?
▼ + stars: | 2023-02-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Banker salaries will get you in first class, but the potential total comp at PE firms and hedge funds will get you flying private. PE firms have been known to grind through people, but nothing quite compares to life at an investment bank. An investment bank's analyst program remains the go-to route to get your foot in the door on the Street. Click here to read more about salaries being offered by top PE firms to 2024 associates. All kidding aside, this deep dive by ProPublica is a fascinating look into how investment firms are helping the ultrarich save on taxes.

NEW YORK, Jan 11 (Reuters) - The U.S. Supreme Court on Wednesday allowed New York to enforce a Democratic-backed gun control law adopted after the justices last year struck down the state's limits on carrying concealed handguns outside the home in a landmark ruling that expanded gun rights. Circuit Court of Appeals in December put that decision on hold while the state pursues an appeal. Wednesday's action may not be the last time the Supreme Court addresses New York's new gun law. New York state Attorney General Letitia James, a Democrat, praised the court's decision to keep the law in effect. Democratic Governor Kathy Hochul signed into law the Concealed Carry Improvement Act on July 1, a week after the Supreme Court's landmark ruling against a New York concealed carry permit restriction.

Millions of people in the South and the Southeast are at risk of severe thunderstorms, tornadoes and flash floods Tuesday and Wednesday, while a messy winter storm is expected to hit the Midwest and a separate storm slams California later this week. Threats of severe thunderstorms, flash floodsAs many as 20 million people from southeast Louisiana to south-central Alabama are at risk for severe thunderstorms Tuesday that could bring damaging wind gusts, large hail and some strong tornadoes, classified as having winds of more than 111 mph. The thunderstorms are expected to continue through the day and last into the overnight hours. In addition to the severe thunderstorms, flash flooding will also be a threat. St. Louis could see a high in the early 70s Tuesday before expected highs plunge to the high-30s and the mid-40s the rest of the week.

☆ Why Liverpool and Manchester United, two giants of soccer, are up for sale at the same time
▼ + stars: | 2022-12-24 | by ( Jenni Reid | ) www.cnbc.com time to read: +7 min

In November, the owners of first Liverpool and then Manchester United confirmed they were open to new investment offers, with the potential for full sales of the top flight English clubs. Meanwhile New York-listed shares in Manchester United popped 18% on the news on Nov. 23 that its owners were similarly opening themselves up to investment opportunities. Big money competition One recurring complaint Manchester United fans have had of the Glazers is a lack of investment in the club, across both facilities and players. Old Trafford Stadium, the home of Manchester United Football Club. "In the cases of Liverpool and Manchester United, both owners have held the clubs for a long time, and both assets have appreciated a lot as their leagues and brands and global fan bases have developed.

☆ The 5 U.S. cities expected to have the highest rent prices in 2023
▼ + stars: | 2022-12-18 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

There are five cities where rent prices are predicted to cost the most next year, based on existing rent prices and projected demand, per an analysis provided by Zumper. Here's a look at the cities where rent is expected to be most expensive for a one-bedroom home, as well as price trends in each. New York CityMedian rent in December 2022 : $3,738: $3,738 Median rent in December 2020 : $2,399: $2,399 Percent change: 56% Prior to the pandemic, median rent for a one-bedroom home in the Big Apple was closer to $3,000. "We've seen record numbers of applications for apartments" in areas around New York City, Chen says. Luckily, rent prices have not climbed back up to the city's pre-pandemic peak of $3,700 in 2019.

☆ New York City seeks a 'bloodthirsty' rat czar: Ad for director of rodent mitigation job to fight serious, gnawing problem is ... actually pretty funny
▼ + stars: | 2022-12-01 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

New York City is hiring a "director of rodent mitigation" for a salary of between $120,000 and $170,000. Rat sightings are up 71% this year from 2020, according to data from the NYC Department of Sanitation. A rat is seen by a trash bin in New York City on October 19, 2022. Lokman Vural Elibol/Anadolu Agency via Getty ImagesWhile New York City has long been synonymous with rats, sightings have skyrocketed. Sanitation Commissioner Jessica Tisch made an anti-rat statement in November that went viral, and became the subject of countless memes, New York City marathon signs — and now a shirt.

☆ Morning Bid: Uneasy Chair
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike Dolan. While inflation looks past its peak, labour markets remain super tight and Powell speaks before another crucial nationwide employment report on Friday. Futures market expectations for peak Fed rates next May ticked back above 5% ahead of the speech, with about 35 basis points of rate cuts from there still priced by yearend. China and Hong Kong shares extended gains on Wednesday as market participants cheered an easing of COVID-19 measures in Guangzhou city. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

The euro rose ahead of inflation data due on Wednesday. The Aussie , often used as a liquid proxy for the yuan, rose 1.2% to $0.6734. EURO ZONE INFLATIONThe euro was up 0.4% at $1.0380, not far from a five-month peak of $1.0497 hit on Monday. Flash euro zone inflation figures for November are due on Wednesday, with economists polled by Reuters expecting inflation to come in at 10.4% year-on-year. St. Louis Fed President James Bullard said the Fed needed to raise interest rates quite a bit further, while New York Fed President John Williams and Richmond Fed President Thomas Barkin echoed similar views.

The Dow Jones industrial average (.DJI) for example had risen more than 10% in the last month and almost 20% since September. "Some of this is just a bit of consolidation from the last few weeks," she said, noting that stocks had taken a leg lower when Treasury yields gained and oil prices switched from red to green on Monday as the prospect of higher oil prices brought inflation concerns back to the forefront. Along with inflation trends, investors are also monitoring Federal Reserve commentary for any clues on its future rate hiking path. Earlier, U.S. crude oil futures had fallen to December 2021 levels on concerns about demand in China - the world's biggest crude importer. A view of a giant display of stock indexes, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China, October 24, 2022.

☆ These Airports Are Plagued by Delays, Long Security Lines and More. Here’s How They’re Fixing It.
▼ + stars: | 2022-11-18 | by ( Allison Pohle | ) www.wsj.com time to read: 1 min

The worst airport is the one you are stuck at when things go wrong. But some airports perform objectively worse than others, according to the WSJ airport rankings, which tracked performance at the 50 busiest in the U.S. Newark Liberty International was the worst-ranked among the 20 busiest airports, while New York’s LaGuardia took the bottom spot for the midsize group.

☆ The Airports Where Delays and Long Lines Are Worst
▼ + stars: | 2022-11-18 | by ( Allison Pohle | ) www.wsj.com time to read: 1 min

☆ Livestreaming's explosion has shaken up the creator economy. Here are 12 innovative startups changing how influencers use live video, from commerce to sports.
▼ + stars: | 2022-10-31 | by ( Tanya Chen | Geoff Weiss | ) www.businessinsider.com time to read: +2 min

By 2023, Insider Intelligence forecasts there will be 163.4 million viewers of live video in the US alone – a substantial leap over the 126.7 million viewers it estimated in 2019. Beyond de facto streaming platforms like Twitch, Instagram, YouTube, and TikTok, a bevy of startups are seeking to capitalize on this proliferating viewership. As Twitch did for gaming, other players are seeking to create live programming hubs for different interest niches. Moment hosts live podcast recordings from the likes of Tiny Meat Gang, while Philadelphia-based Switchboard Live helps users post their streams on multiple platforms simultaneously. Insider looked at the space to determine the most innovating livestreaming startups today.

☆ New York City's 'smallest apartment' has no bathroom and its renter shares one in the hall with neighbors
▼ + stars: | 2022-10-30 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

She must leave her micro studio and walk past neighbors to use the bathroom - which, while separate, is private. Randazzo's tiny apartment - 80 square feet - includes a tiny kitchen with a two-burner cooktop, mini fridge, microwave, and a sink. Most viewers were both shocked and impressed by how she maximized the small space. Like Verhaeg, Webber shares a bathroom with neighbors living on the same floor. Verhaeg found his tiny apartment on Zillow in 2020, but he didn't see it in person until it was time to move in.

☆ 12 companies shaking up the livestreaming sector, from social shopping to digital events
▼ + stars: | 2022-10-28 | by ( Tanya Chen | Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Companies are trying to cash in on the practice, and grow it into a viable and stable industry. Here are 12 of the most innovative livestreaming companies to look out for. By 2023, Insider Intelligence forecasts there will be 163.4 million viewers of live video in the US alone – a substantial leap over the 126.7 million viewers it estimated in 2019. Others are looking to provide a space for the kinds of live events that have waned amid COVID. Insider looked at the space to determine the most innovating livestreaming startups today.

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