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☆ We need a CEO focused on Tesla, not Twitter or SpaceX: NYC Comptroller Brad Lander
▼ + stars: | 2023-04-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe need a CEO focused on Tesla, not Twitter or SpaceX: NYC Comptroller Brad LanderA group of 17 Tesla investors sent an open letter to the board accusing the company of mismanagement. New York City Comptroller Brad Lander joins 'Squawk Box' to discuss his decision to sign on as one of the investors.

☆ How ChatGPT and generative A.I. are already changing the way we book trips and travel
▼ + stars: | 2023-04-22 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +8 min

Already, generative AI is being experimented with inside the travel sector, albeit with mixed results. "Travel is fundamentally about connecting people and communities, and that human connection will always play a crucial role in the travel experience," Fogel said. It described ChatGPT "as a virtual travel assistant," allowing for more conversational interactions with Kayak's search engine. There may be not better example today of travel plan disruption than the airport experience. Breed predicts that at least some of the anxiety can be eliminated or mitigated by focused use of AI and generative AI tools like ChatGPT.

☆ Why Michael Bloomberg is the keeper of the keys on Wall Street
▼ + stars: | 2023-04-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Bloomberg deals in data — via its ubiquitous terminal — which serves as the lifeblood of Wall Street. (A funny nugget from the FT story: Bloomberg is not part of the Bloomberg Billionaires Index. In many ways, the Bloomberg terminal is the cockroach of Wall Street. Tiger Global's down bad. Here's more on Tiger Global's unique approach to investing in startups and why it backfired.

☆ Inside Kendall Roy's $29 million NYC 'Succession' apartment: We went to 'great lengths to create something truly unique'
▼ + stars: | 2023-04-20 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

One of the many, many highlights of tuning in to HBO's "Succession" every week is getting to see how the other half lives. Unlike Logan and Marcia Roy's home, also featured prominently in the episode, Kendall's stunning space is not a set. For one fan of the show, seeing this penthouse apartment featured in prime time was a gratifying experience. McMillan is the founder and CEO of DDG, the developer of 180 East 88th Street in New York City, where the luxury apartment is located. The five-bedroom, four-bathroom, 5,508 square-feet "triplex" apartment, which is in Manhattan's tallest tower north of 72nd Street, is listed for $29 million.

☆ There's no such thing as a dumb question ... unless you're interviewing someone for a job
▼ + stars: | 2023-04-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

Hiring is never easy, but it's particularly difficult on Wall Street. Emmalyse's story is worth a read not only for Smart's advice but his candidness, a dying trait on Wall Street. These cloud tools are proving to be game changers. Fidelity and State Street are rolling out annuity options within their 401(k) products, The Wall Street Journal reports. As the weather starts to warm up, plenty of people are making the switch to iced coffee.

BuzzFeed wasn't the only digital media company to announce layoffs Thursday. Miller added that going public is probably not the best strategy for digital media companies like Buzzfeed. The news comes during a tough period for digital media companies as publishers are cutting staff as advertisers reduce spending. BuzzFeed will lay off 15% of staff and shut down its news unit, BuzzFeed CEO Jonah Peretti wrote in an email to staff Thursday. The digital media company scaled back its news operation in an attempt to make BuzzFeed News profitable, resulting in the departure of several editors.

☆ Goldman Sachs' David Solomon had the right idea. But that's only half the problem.
▼ + stars: | 2023-04-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

David Solomon at Goldman's 2023 investor day Screenshots by Emmalyse Brownstein and Dakin Campbell1. Goldman Sachs' $12.2 billion in revenue from Q1 fell short of analysts' estimates, which is never a good sign — but it's not a complete disaster. As Insider's Carter Johnson reported, there is a case to be made for a turnaround at Goldman led by its embattled CEO David Solomon. We've written a lot about the struggles at Goldman Sachs recently, and rightfully so. More on what David Solomon needs to do to get Goldman Sachs back on track.

☆ I pulled in nearly $10,000 in revenue last month by marketing to Gen Z about sustainability
▼ + stars: | 2023-04-19 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

Estella Struck launched Viviene New York, a marketing agency for sustainable brands, in 2021. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. Given that success, Struck wanted to make sustainability marketing more accessible to other brands. I believe that your network is your net worth, so I spent a lot of time at networking events meeting people in sustainability, marketing, and social media. I've grown Viviene by attempting to change that up, introduce new social media techniques, and reach consumers outside of the environmental-activist community.

☆ Apple continues to quietly build on its fintech ambitions
▼ + stars: | 2023-04-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In payments, specifically, its made progress via Apple Pay, the Apple Wallet, and the Apple Card. On Monday, Apple took another step deeper into financial services, announcing the launch of a high-yield savings account (4.15%) via its Apple Card. And now, as Goldman tries to salvage what's left of its consumer dreams, Apple continues to roll on. What's not clear, though, is what type of terms Goldman gets for serving as the back-end partner partner. Click here to read more about the top eight executives shaking up payments, including a key leader at Apple Pay.

☆ Donald Trump is no longer a New Yorker and got 'Florida man' treatment in the city, AOC says
▼ + stars: | 2023-04-18 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +2 min

Donald Trump isn't a New Yorker anymore, Rep. Alexandria Ocasio-Cortez said of the former president. That's why he got "Florida man" treatment from New Yorkers when he was arraigned in Manhattan. The New York Democrat said her fellow New Yorkers treated Trump "like a Florida man" when he returned to Manhattan this month to face felony charges of falsifying business records. Trump's arraignment at a Manhattan courthouse drew pro-Trump rallygoers, like far-right Rep. Marjorie Taylor Greene, but also protestors, too. Trump's indictment follows a probe into 2016 "hush-money" payments to adult film star Stormy Daniels during his presidential campaign.

☆ How Larry Page's flying-car company of the future turned into a stunning failure
▼ + stars: | 2023-04-18 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Although I'm currently pretty homesick and jet lagged, I'm blessed with "the life-changing magic of working from home." One worker told my colleague Rebecca Knight how remote work transformed her life and how returning to the office has killed company morale. The stunning failure of Google founder Larry Page's flying-car company. In April 2022, company morale plummeted when it axed one of its most promising projects, those former insiders say. The company put together a thorough document to help managers navigate pay-related conversations with employees, and Insider got a look.

CNN —A parking garage collapsed in lower Manhattan on Tuesday afternoon, killing one person and injuring five others, the New York Fire Department’s operations chief said. The parking garage was a four-story building that “pancaked…all the way to the cellar floor,” NYC Department of Buildings Acting Commissioner Kazimir Vilenchik said. After he left his dorm, Powers said, he saw two people laying on the ground across the street from where the collapse occurred. Video taken by Powers from his dorm, which is located on the 7th floor, shows the collapsed garage with multiple damaged vehicles. At least one worker in the building was trapped on one of the upper floors of the parking garage and while he was conscious and alert, he couldn’t evacuate to a lower floor.

☆ How I transformed my online vintage-clothing side hustle into a bustling brick-and-mortar store in NYC
▼ + stars: | 2023-04-17 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

Nichole Sesti is the founder of the New York City vintage-clothing store The Niche Shop. Sesti's vintage store opened amid a boom in the secondhand-clothing industry. The Niche Shop booked nearly $400,000 in sales in its first year, according to documents viewed by Insider. The risk of a brick-and-mortar store was worth itThe Niche Shop is located on New York's Upper East Side. Having someone dedicated to shooting, editing, and engaging on social media ensures we're constantly popping up in people's feeds.

☆ Millennium's new Miami-based engineering program is the latest shot in hedge fund's war for young tech talent
▼ + stars: | 2023-04-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

Insider's Bianca Chan has a first look at Millennium Management's new engineering training program for its Miami office. Click here to read more about Millennium's new training program for engineers in Miami. JPMorgan's Jamie Dimon, BlackRock's Larry Fink, Citigroup's Jane Fraser, and Wells Fargo's Charlie Scharf shared thoughts on the banking crisis during their respective earnings calls. The world's largest money manager is open to making some deals in the wake of the banking crisis. Despite all the chatter on the recent banking crisis, JPMorgan's CEO still had thoughts on the state of the wider economy.

☆ YouTuber Casey Neistat let ChatGPT direct and write one of his vlogs: 'That was the worst video I've ever made'
▼ + stars: | 2023-04-17 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

YouTuber Casey Neistat, popular for vlogging about his NYC life, asked ChatGPT to write him a script. Neistat asked GPT-4 to write a vlog that takes place in downtown Manhattan, and includes his wife. YouTuber Casey Neistat asked the latest version of ChatGPT to write a script for his latest vlog, and the resulting dry dialogue is unintentionally hilarious. Neistat asked GPT-4, which is available via OpenAI's ChatGPT Plus, to write a three to four minute video that includes dialogue and a shot list for downtown Manhattan in the daytime. "Let's take a quick look inside Brookfield Place, one of my favorite spots in downtown Manhattan," Neistat reads, while shaking his head in disagreement.

☆ As NYC's first-ever rat czar gets to work, cities like Boston and Chicago are looking for inspiration to fix their own rodent problems
▼ + stars: | 2023-04-16 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

New York City Mayor Eric Adams appointed a "rat czar" to help eliminate rodents in the city. One Boston city official says the Massachusetts city should follow suit and hire a rat slayer of their own. Days later, Boston City Council President Ed Flynn recommended the Massachusetts city hire someone in a similar position ""to hopefully one day eliminate rats in Boston," the Boston Herald reported. In 2022, Chicago was named the number one "rattiest" city in the US over both New York City and Boston. "You can hear them screaming — ee, ee, ee, ee!"

☆ A part-time real estate investor who is financially independent thanks to his rental income shares 3 strategies he's used to maximize cash flow
▼ + stars: | 2023-04-15 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

Part-time real estate investor Atif Afzal is financially independent, thanks to his rental income. To maximize his cash flow, he manages his properties himself, rather than paying a property manager. When Atif Afzal set out to invest in real estate, his goal was to create cash flow. He shared three strategies that have helped him maximize cash flow and create financial independence. There are other advantages to buying in cash besides the cash flow component: "The biggest advantage is you are in the driver's seat and in a better position to negotiate with the seller.

☆ Everything you need to know as JPMorgan, Citi, Goldman Sachs, and other big banks report earnings
▼ + stars: | 2023-04-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Bank of America and Goldman Sachs come in on Tuesday, with Morgan Stanley bringing up the rear on Wednesday. For a breakdown on the specific numbers, check out Markets Insider and the fantastic 10 Things Before the Opening Bell newsletter. Big banks poured $30 billion into First Republic in the midst of the banking crisis in an effort to shore up the wider market. And what about those pesky shadow banks? Never one to miss a good opportunity, shadow lenders are looking to step up where big banks are stepping back, Bloomberg reported.

☆ JPMorgan just killed Wall Street's WFH dreams
▼ + stars: | 2023-04-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

But do you think execs will be OK with their subordinates working remote while they are stuck in the office? Plenty of others, most notably Goldman Sachs' David Solomon, have touted the importance of being in the office (blah blah mentorship model blah blah). Now JPMorgan just laid the blueprint for everyone else to force their own employees back in. Here are more details, including the internal memo, on JPMorgan forcing MDs back into the office. Salt Labs wants to help low- and medium-income workers build wealth via an app that operates like a frequent-flyer program.

☆ World Transplant Games: The unexpected journeys of four athletes to one of the biggest competitions you've probably never heard of
▼ + stars: | 2023-04-13 | by ( Eryn Mathewson | ) edition.cnn.com time to read: +17 min

British supporters gesture during the opening ceremony of the XXI World Transplant Games 2017 in Malaga, Spain on June 25, 2017. Jorge Guerrero/AFP/Getty ImagesWhat are the World Transplant Games? The World Transplant Games is not a household name like the Special Olympics or the Susan G. Komen Race for the Cure. The Road Race starts at the 2019 World Transplant Games in Newcastle-Gateshead, United Kingdom. Price is currently recovering from a non-transplant related surgery, but said she’s ready to make her second appearance at the World Transplant Games.

☆ A 37-year-old immigrant who started with 'zero credit' and couldn't get a mortgage when he moved to New York explains how he built a 4-property portfolio that's helped him achieve financial independen
▼ + stars: | 2023-04-13 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

When Atif Afzal moved to the US in 2018, he didn't have a credit score and had to start from scratch. His lack of credit became a problem when he wanted to buy a home, so he saved up to buy it in cash. When Atif Afzal moved from India to upstate New York in 2018, he didn't have a credit score. Unable to secure a mortgage, he decided to buy his first property with cash. When he first decided to buy property, "my priority was selecting an awesome location," he said.

☆ The housing market's fluctuations of the last year have left the best forecasters torn on what home prices will do in 2023
▼ + stars: | 2023-04-13 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

That said, today's newsletter focuses on the housing market — and why economists can't seem to agree on what it's going to do next. Some of the top real-estate forecasters in the world expect home prices to drop in 2023. Zillow forecasts home prices to climb 0.5% this year, and CoreLogic predicts a year-over-year increase of 3.7% by February 2024. Last month's financial turmoil that Silicon Valley Bank kicked off has led many analysts to anticipate a cut or pause in rate hikes, which could lead to fluctuations in housing demand and affordability. Prices in New York rose nearly 2% Wednesday as fears of a global supply shock intensified.

☆ NYPD's robot dogs are back after backlash. NYC Mayor Eric Adams says 'we cannot be afraid' of the technology.
▼ + stars: | 2023-04-12 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

The NYPD's robotic dogs are "out of the pound" again, mayor Eric Adams announced earlier this week. Adams announced during a press conference earlier this week that the city spent $750,000 on two robotic canines the NYPD calls "Digidogs. " He said the dogs can "save lives" in situations where "you can't have police officers going inside because it's dangerous." The announcement comes just two years after the NYPD halted an experiment with the robotic dogs. In addition to the robot dogs, the NYPD will begin testing the StarChase pilot, a device that shoots a GPS-tracker to a stolen car, and the K5 ASR, an outdoor security robot, Adams said during the press conference.

☆ More layoffs may still come for tech workers
▼ + stars: | 2023-04-12 | by ( Emilia David | ) www.businessinsider.com time to read: +4 min

The tech sector has shed an estimated 330,000 jobs since last year, but my colleague Hasan Chowdhury writes that more cuts will likely come. Here's why tech workers have to brace for more layoffs. The AI arms race has pushed tech organizations to recruit AI talent from university programs aggressively. Google employees reportedly tried to stop Bard. Read Insider's exclusive on the cuts.

☆ Tax FAQ: Do you have to pay taxes on a side hustle? What if you miss the deadline? And more
▼ + stars: | 2023-04-12 | by ( Cindy Perman | ) www.cnbc.com time to read: +12 min

(On top of that, NYC residents owe a city income tax, which may also apply to some nonresidents.) There is no income tax in New Hampshire or Washington, either, but both states tax investment earnings. But you still must pay taxes by the original deadline to avoid penalties and interest. If you made a net profit of $400 or more from your side hustle, you have to pay taxes on it, according to the IRS. The U.S. has a pay-as-you-go system, so you'll need to pay taxes from your side hustle on a quarterly basis.

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