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In its continued battle with inflation, the central bank on Wednesday announced another quarter percentage point interest rate increase. The latest rate increase comes after annual inflation eased to 5% in March, down from 6% in February, according to the U.S. Bureau of Labor Statistics. When building a bond portfolio, advisors consider so-called duration, which measures a bond's sensitivity to interest rate changes. I don't see us moving much higher from an interest rate perspective, so that should be good for bonds moving forward. But it may take another six months to see the results from the Fed's series of interest rate hikes, he said.

☆ Florida lawmakers just passed a bill for DeSantis to remain governor while running for president
▼ + stars: | 2023-04-28 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +7 min

Republicans in Florida are changing the law so DeSantis can run for president and keep his job. The Trump campaign accused DeSantis of violating the law, even though he hasn't made a bid official. "If an individual who is Florida governor is running for president, I think he should be allowed to do it," Passidomo told reporters at the time. Hutson disagreed that with the assessment that DeSantis wouldn't be able to both operate as governor and run for president. April 25, 2023: This story has been updated with a comment from the Trump campaign.

☆ Asking $52 Million: A Boca Raton Estate With Two Swimming Pools
▼ + stars: | 2023-04-13 | by ( Katherine Clarke | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/asking-52-million-a-boca-raton-estate-with-two-swimming-pools-d27390a8

☆ Some new offices are mini towns with their own restaurants, doctor offices, and hotels. Workers actually want to go.
▼ + stars: | 2023-04-13 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +9 min

The idea is getting replicated from the Bell Labs location, or Bell Works New Jersey, Keating said. The spaces run by Bell Works' own coworking brand, CoLab, are nearly 100% occupied. At Bell Works New Jersey, Zucker partnered with Toll Brothers to build a 185-home 55-and-over community. At BRIC, tenants can take advantage of a dozen art galleries, some of which show the work of building tenants. A lobby area near offices at Bell Works Chicagoland.

☆ Florida Democrat tried to emulate Disney's power move in a final-ditch effort against Florida's abortion ban, which is now headed to DeSantis for his signature
▼ + stars: | 2023-04-13 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +7 min

But in the face of a Republican supermajority in the Florida House, Democrats' more than 50 amendments failed as Florida representatives sent a six-week ban to GOP Gov. "Let's delay this abortion ban for as long as we can." During the 2022 midterms, congressional Democrats used abortion rights as a rallying cry and managed to hold onto more seats than expected. The implications of the Florida abortion ban on the 2024 race loomed in the background throughout the day. "It amounts to an outright ban," House Minority Leader Fentrice Driskell of Tampa said on the House floor.

☆ Instant View: Some Fed officials hesitated before hiking -March minutes
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +3 min

And I don’t think they are going to be any rate cuts (this year), I don’t care what fed funds futures say. It’s going to have bad, like really bad, for them to cut. I’m not swayed by the latest FOMC minutes at all.”SAM BURNS, CHIEF STRATEGIST, MILL STREET RESEARCH, SHERBORN, MASSACHUSETTS"The minutes sound a little bit more on the dovish side. "The headline inflation rate is below the core rate which it hasn't been for a long time. It's probably going to be range-bound trading for a little longer until we get some major news."

☆ 130 Regal, Eastgate, and other movie theaters could close in the US — see the list of those already shuttering
▼ + stars: | 2023-04-11 | by ( Travis Clark | Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

Cineworld has sought to exit its leases for 130 theaters in the US. A bankruptcy court in Texas has already approved its plan to walk away from 47 of those locations. Cineworld filed for Chapter 11 bankruptcy in September. So far, the Texas bankruptcy court overseeing the proceedings has approved the company's plan to exit 47 leases, according to court filings. The North American box office hit $7.4 billion in 2022, according to Comscore, down from over $11 billion in 2019 and 2018.

☆ How to Build a Final Four Team—Without the Fancy Facilities
▼ + stars: | 2023-04-01 | by ( Laine Higgins | ) www.wsj.com time to read: 1 min

HOUSTON—Florida Atlantic is playing in the Final Four on Saturday not because of its resources or its rich basketball history, but despite its lack of those things. The university in Boca Raton, Fla., didn’t exist before 1964. It started a basketball team in 1988 and didn’t join Division I until 1993. Coach Dusty May agreed to take over in 2018 without ever seeing the basketball facilities—and panicked slightly when he did. On Thursday, he stopped just short of characterizing his impulse decision to accept the FAU job as “buyer’s remorse.”

☆ Florida Atlantic Advances to the Final Four After Beating Kansas State
▼ + stars: | 2023-03-26 | by ( Jim Chairusmi | ) www.wsj.com time to read: 1 min

Florida Atlantic players Jalen Gaffney and Bryan Greenlee celebrate after defeating Kansas State in the Elite Eight. Florida Atlantic began its NCAA tournament run with 125-to-1 odds to win the national title. It hails from Boca Raton, Fla., known for its beaches and golf courses, not title-chasing basketball teams. But in an upset-heavy men’s bracket in which all four No. 9 seeded Owls rallied against the odds—and, for the fourth straight tournament game, a second-half deficit—and are headed to the Final Four.

☆ Alzheimer’s first signs may appear in your eyes, study finds
▼ + stars: | 2023-03-24 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +4 min

Getty ImagesResearch has been exploring how the eye may help in diagnosing Alzheimer’s disease before symptoms begin. “Alzheimer’s disease begins in the brain decades before the first symptoms of memory loss,” said Dr. Richard Isaacson, an Alzheimer’s preventive neurologist who is also at the Institute for Neurodegenerative Diseases. Researchers then compared samples from donors with normal cognitive function to those with mild cognitive impairment and those with later-stage Alzheimer’s disease. The study, published in February in the journal Acta Neuropathologica, found significant increases in beta-amyloid, a key marker of Alzheimer’s disease, in people with both Alzheimer’s and early cognitive decline. Tissue atrophy and inflammation in cells in the far periphery of the retina were most predictive of cognitive status, the study found.

March 24 (Reuters) - Financial sector headwinds are creating fresh openings for private equity investments in aerospace, as suppliers' need for capital to meet soaring demand for planes and parts risks further turbulence, executives said. He said he would not oppose a private equity investment, as long as he maintains control and the combination makes sense by lowering costs. Global private equity deals among companies with aerospace portfolios rose to 216 in 2022, more than double 2019's figure and the highest in over a decade, according to Refinitiv data. Permanent Equity wants to invest in repair stations and suppliers with large inventories of aerospace parts. In Canada, while bank loans remain accessible for small suppliers, rising rates have flattened real estate pricing.

☆ ETFs show that investors are confused about where the markets are going
▼ + stars: | 2023-03-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

A common tool to gauge the market's intent is following inflows and outflows in large ETFs. There have been outflows from corporate bond ETFs like Vanguard Short-Term Corporate Bond (VCSH), high yield funds like SPDR High Yield ETF (JNK), bank loan ETFs like SPDR Senior Loan ETF (SRLN) and bank stock ETFs like Invesco KBW Bank ETF (KBWB). The Credit Suisse issue was somewhat different. Europeans at the conference were surprised that there was a focus on Credit Suisse. The common thread of the commentary was that Credit Suisse had never recovered from the financial crisis, that it had been in decline for nearly 20 years.

☆ How to Read Your Pay Stub
▼ + stars: | 2023-03-09 | by ( ) www.wsj.com time to read: +14 min

So residents of these states may have to work a little harder to track their earnings if their employer elects to forgo sharing pay stub documents. Only residents of California, Hawaii, New York, Rhode Island, New Jersey, and Puerto Rico will see this on their pay stub, according to Greene-Lewis. 10. pretax DeductionsDepending what workplace benefits are offered by your company and which ones you’ve elected to participate in, you may see pretax or before-tax deductions listed on your pay stub in addition to the various taxes you must pay. There is also another kind of common FSA you might be contributing to that could appear on your pay stub: the dependent-care FSA. Any after-tax withholding your employer makes should be noted on the pay stub.

☆ Wall Street bounces modestly after prior week's selloff
▼ + stars: | 2023-02-27 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

Each of the three main indexes climbed more than 1% shortly after the opening bell, in part due to an easing in Treasury yields. The yield on two-year Treasury notes , which typically moves in step with interest rate expectations, slipped after touching a near four-month high. Seagen Inc (SGEN.O) surged 9.73% after the Wall Street Journal reported that Pfizer (PFE.N) was in early talks to acquire the biotech firm. Advancing issues outnumbered declining ones on the NYSE by a 2.30-to-1 ratio; on Nasdaq, a 1.66-to-1 ratio favored advancers. The S&P 500 posted four new 52-week highs and five new lows; the Nasdaq Composite recorded 58 new highs and 82 new lows.

☆ Top 10 U.S. towns where millionaires are buying second homes—3 of them are in Florida
▼ + stars: | 2023-02-25 | by ( Celia Fernandez | ) www.cnbc.com time to read: 1 min

For many of America's most affluent people, having a second or third home is the norm. And according to a new report, they prefer properties in beachfront areas like Boca Raton or near the Rocky Mountains. Henley and Partner's 2023 wealth report ranked the top 10 U.S. towns where centi-millionaires — those with a wealth of $100 million or more — own second homes. Data collected by New World Wealth, a global intelligence firm, showed the number of centi-millionaires living in these towns fluctuating depending on the time of year. In December 2022, the peak holiday season, the number of centi-millionaires increased exponentially, which suggests more vacation homeowners in these areas.

[1/3] Ben & Jerry's, a brand of Unilever, is seen on display in a store in Manhattan, New York City, U.S., March 24, 2022. Nestle said cutting products saved 1 billion Swiss francs last year ($1.06 billion), while Unilever said the practice saved $2 billion. Food makers tend to cull products without much fanfare. At the consumer products conference they highlighted new offerings, many of them increasingly popular handheld foods that people can eat while scrolling on phones. "You'd be shocked by the loyalty and personal connections people have to food products," he said.

[1/3] Ben & Jerry's, a brand of Unilever, is seen on display in a store in Manhattan, New York City, U.S., March 24, 2022. Eliminating less popular products is part of a "decomplexity program" underway at Kraft Heinz, its executives said at the Consumer Analyst Group of New York Conference this week. Nestle said cutting products saved 1 billion Swiss francs last year ($1.06 billion), while Unilever said the practice saved $2 billion. At the consumer products conference they highlighted new offerings, many of them increasingly popular handheld foods that people can eat while scrolling on phones. "You'd be shocked by the loyalty and personal connections people have to food products," he said.

☆ Private-Equity Firms Snap Up Data Centers as Cloud Demand Soars
▼ + stars: | 2023-02-23 | by ( Angus Loten | ) www.wsj.com time to read: +5 min

Private-equity firms bought data centers in near-record numbers last year, defying a broad deal-making slowdown in a bid to capture ever-growing demand for data storage and cloud computing. Data centers are warehouse-sized facilities that lease space in networks of computer servers to customers ranging from individual businesses to giant cloud-computing providers. As the underlying infrastructure for cloud-based digital tools, data centers support everything from video streaming and online gaming to workplace and remote work enterprise software, 5G networks and Internet-of-Things systems. In December, DigitalBridge Group Inc., a Boca Raton, Fla., private-equity firm, and investment services firm IFM Investors closed an $11 billion acquisition of Dallas-based data-center operator Switch Inc. “Large private-equity investors are clearly attracted to the continued robust take-up of data-center space by large hyperscale and social-media companies,” Mr. Lynch said.

☆ Analysis: To raise prices or not? Consumer goods makers weigh bets on buyer strength
▼ + stars: | 2023-02-20 | by ( Jessica Dinapoli | Thomson Reuters | New York-Based Reporter Covering U.S. Consumer Products Spanning Paper Towels To Packaged Food | ) www.reuters.com time to read: +6 min

But, there are small signs the pressure is easing, with U.S. consumer prices a month earlier declining for the first time in two-and-a-half years, due in part to gas prices. Price hikes - or halts - are set to take center stage at the Consumer Analyst Group of New York annual conference on Feb. 20 in Boca Raton, Florida. DIFFERENT PREDICTIONSAfter more than a year of consistent price hikes, some consumer goods makers such as Kraft Mac & Cheese manufacturer Kraft Heinz Co (KHC.O) are pressing pause as they weigh consumer demand for their items. Frozen pizza prices have risen about 14% in the last year, according to IRI data. "Retailers cannot truly push back on prices … if the company has an important brand," Bernstein analyst Bruno Monteyne said.

☆ Bolsonaro mulls return to Brazil in coming weeks
▼ + stars: | 2023-02-12 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Feb 11 (Reuters) - Former Brazilian president Jair Bolsonaro said on Saturday he plans to return to Brazil "in the coming weeks," after having spent more than a month in the United States. "There is no place like home ... We know Brazil is a fantastic country," Bolsonaro told a gathering of Brazilians in Boca Raton, a video posted online by broadcaster CNN showed. I intend to return to Brazil in the coming weeks." A swift return to Brazil could pose risks for Bolsonaro, who is accused of instigating a violent election denial movement in his home country. Still, a U.S. official with knowledge of the situation told Reuters this week that officials believe Bolsonaro will return to Brazil after the carnival festival, which ends on Feb 22.

☆ Bed Bath & Beyond just missed another debt payment. See the full list of stores it will close, including Harmon and Buybuy Baby locations.
▼ + stars: | 2023-02-02 | by ( Avery Hartmans | Dominick Reuter | ) www.businessinsider.com time to read: +20 min

In addition to 87 more Bed Bath & Beyond stores, the company now says it will close all of its remaining Harmon health and beauty stores, and five Buybuy Baby stores. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. Marina: 117 General Stilwell Drive117 General Stilwell Drive Vallejo: 105 Plaza Drive, Suite 107105 Plaza Drive, Suite 107 * Palm Desert: 72459 Highway 11172459 Highway 111 * Visalia: 3125 South Mooney Blvd. Arterial * Coralville: 2515 Corridor Way Suite 5Kansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd Place425 3rd Place * Olathe: 15335 W. 119th St.Kentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd.

☆ A Floridian is leaving for Portugal because he said pollution, traffic, and overcrowding have turned his home of 20 years into a rotten paradise
▼ + stars: | 2023-02-02 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +4 min

Victor Zubriski, 74, is leaving the Boca Raton area after 20 years and moving to Portugal. According to Redfin, the median sale price in Boca Raton is $585,000, an increase of nearly 17% from this time last year. The median rent in Boca Raton has increased $339 from the same time last year to a median of $3,675, according to Zillow. That's 75% higher than the national median rent of $2,097. Miami Herald/Getty Images"The essential factor down here in Boca Raton is overcrowding," he said.

☆ 3 people share why they're paying as much as $4 million to live on a cruise ship all
▼ + stars: | 2023-01-31 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +8 min

The Storylines MV Narrative luxury cruise ship is poised to set sail in 2025. StorylinesBut like a commercial cruise ship, residents of the MV Narrative will have plenty to do. Holt said when he signed on in 2021 to live aboard, the annual fee for a single guy like himself was $72,000 a year. Holt plans to give up his Virginia rental and live aboard the ship full time. Angela NuranThe MV Narrative won't set sail until 2025, but Angela Nuran and Paul Cosentino are ready.

☆ Tyre Nichols video showed how ‘culture of policing’ and ‘ancient’ procedures were on display, ex-officers say
▼ + stars: | 2023-01-28 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +8 min

Memphis authorities on Friday released videos from multiple vantage points showing the aftermath of the traffic stop. Five Memphis police officers were fired and charged with second-degree murder, and other crimes, including aggravated assault and kidnapping. Georgetown Law professor and NBC News legal analyst Paul Butler appeared on MSNBC Saturday to discuss the release of the Nichols video. Video shows Nichols escaped while on the ground and an officer shot a stun gun at him. “The bottom line is there were sufficient number of officers to do as such and to get him corralled and handcuffed at that traffic stop.

☆ Inside Ken Griffin's rise to one of Wall Street's most powerful people, and why politics could be next
▼ + stars: | 2023-01-23 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +30 min

JB and I are not on speaking terms these days," said Ken Griffin, the billionaire hedge-fund manager, referring to JB Pritzker, the Democratic governor of Illinois. As Florida rolled back pandemic restrictions more quickly than Chicago, even more Citadel employees migrated south. Ken Griffin's hedge fund has had a run of eye-popping returns since 2020. Others worry that it gives Griffin's hedge fund an unfair advantage. Hundreds of Citadel employees, partners, and families gathered at the Orange County Convention Center in Orlando Florida.

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