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A package containing "suspicious white powder" was discovered at noon on Friday in the building where a grand jury has been hearing evidence in the Trump "hush-money" investigation led by Manhattan District Attorney Alvin Bragg, officials told Insider. The package was delivered to the building's mail room, and was non-hazardous, police told Insider. The package was delivered by USPS, Fox News reported; the New York Post reported that it was an envelope addressed to "Alvin." The grand jury meets Mondays, Wednesdays and Thursdays, sources have told Insider, and was not in session on Friday. No one was sickened or taken to the hospital; the package was determined to be non-hazardous within three hours, officials told Insider.

☆ Things are pretty grim in real estate, but that could be a good thing for proptech startups in the long run
▼ + stars: | 2023-03-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Today, we've got stories on Deutsche Bank's tumbling shares, some bad news for Block, and why Gen Z might be in trouble. Of the many casualties of 2022, startups focusing on the real-estate market were some of the biggest. As the real-estate market dried up, thanks to rising interest rates, these companies that were meant to upend the industry through tech and innovation suddenly took a backseat. And while current conditions aren't ideal for proptech startups, that could actually benefit them in the long run. Click here to check out 26 of the hottest proptech startups set to take off in 2023.

☆ NYC transit system may try to fill budget gaps with tax on streaming services
▼ + stars: | 2023-03-24 | 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 EmailNYC transit system may try to fill budget gaps with tax on streaming servicesThe Wall Street Journal's Jimmy Vielkind joins CNBC's Brian Sullivan and 'Last Call' to discuss the possibility a tax on streaming services could be used to help fund the New York City transit system.

☆ NYC prosecutor: Republicans interfered in Trump probe
▼ + stars: | 2023-03-23 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsNYC prosecutor: Republicans interfered in Trump probePostedManhattan prosecutors on Thursday said Donald Trump misled people to expect he would be arrested this week and prompted fellow Republicans in Congress to interfere with a probe under way into his hush-money payment to porn star Stormy Daniels.

☆ UBS' uber-rich clients don't want to share the wealth (managers)
▼ + stars: | 2023-03-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Among the key things to remember was reopening the steam room at exactly 3:30 p.m. after its cleaning. Hayley has all the details from rich clients as well as industry analysts about why this whole thing could spell disaster. It's still early days, but the UBS-Credit Suisse deal might be the best example of something that makes sense on paper, but doesn't work in reality. Read more about why UBS acquiring Credit Suisse could lead to more headaches than huge wins for the Swiss wealth behemoth. And since we're talking BBQ, I'm required to share the funniest tweet in the history of Twitter.

☆ Multi-strat hedge funds like Citadel and Millennium are the new big banks
▼ + stars: | 2023-03-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

There's an old saying on Wall Street: You can only leave Goldman Sachs once. Insider's Alex Morrell has a fascinating look at how Goldman Sachs' top executives have headed to some of the top hedge funds in the world in recent years. Poaching talent is a longstanding tradition on Wall Street, and the path from the investment banks to the buy side is a well-worn one. It's an indication of the shifting tides on Wall Street between the firms that traditionally held all the power (big banks) and the ones usurping them (multi-strat hedge funds). Click here to read more about how Goldman Sachs alumni are getting poached by the world's biggest hedge funds.

☆ FAA launches new plan to avoid flight delays in NYC, DC this summer
▼ + stars: | 2023-03-22 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

The agency said it will reduce flight requirements for airlines' take off and landing rights to avoid congestion. Airline executives have repeatedly complained about air traffic control shortfalls contributing to flight disruptions as air travel sprang back from pandemic lows in the past few years. Airlines last summer also reduced their schedules to avoid delays as they dealt with their own staffing issues and other strains. The FAA said it expects increased delays in the New York City area this summer compared with last year, projecting a 45% rise in delays with operations growing 7%. Later this month, the FAA will hold a summit with airlines about other ways it can ease disruptions in the area.

☆ NYC braces for Trump indictment
▼ + stars: | 2023-03-21 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

Violent unrest has erupted across the country and trade unions have promised to intensify their strike action, leaving Macron to face the most dangerous challenge to his authority since the "Yellow Vest" uprising over four years ago.

☆ Swiss banking, known for its secrecy, gets put in the spotlight
▼ + stars: | 2023-03-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Credit Suisse stock plummeted on Wednesday during the bank's largest one-day selloff to date. UBS begrudgingly agreeing to acquire rival Credit Suisse has put Swiss banking on center stage. Credit Suisse has stumbled through its fair share of crises in recent years. The sale of Credit Suisse for $3.2 billion begs the question: What the hell are neobanks worth? If a long-established, albeit beleaguered, investment bank was sold at such a discount, then what could a digital-only consumer bank really go for?

☆ Kathy Hochul’s Plan to Force NYC Suburbs to Approve More Housing Sparks Battle
▼ + stars: | 2023-03-20 | by ( Jimmy Vielkind | Photographs Jeenah Moon For The Wall Street Journal | ) www.wsj.com time to read: 1 min

HUNTINGTON, N.Y.—Backhoes are finally clearing the earth for the development of Matinecock Court, an affordable-housing complex in this Long Island suburb that was first proposed 45 years ago. To housing advocates, a multifamily project first floated when Jimmy Carter was president is the ultimate example of unreasonably restrictive suburban zoning and the reason for a push by Democratic Gov. Kathy Hochul to change the rules. To Long Island officials, who have long been concerned about traffic and school crowding, Matinecock Court was a challenge to the inviolate need for local control over land-use decisions.

☆ Picking up the pieces in the wake of SVB's collapse
▼ + stars: | 2023-03-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

It's just over a week from Federal regulators announcing they would be bailing out depositors of Silicon Valley Bank and Signature Bank. Now, the FDIC said Sunday that New York Community Bancorp's Flagstar Bank will take on nearly all of Signature Bridge Bank's deposits. Credit Suisse, whose problems long preceded SVB's downfall, to be fair, is getting acquired by Swiss rival UBS. Silicon Valley Bank was the bank for tech. The people backing venture capitalists, known as limited partners, share their thoughts on how VCs handled the crisis at Silicon Valley Bank.

☆ The inside story of hot startup Deel's grow-at-all-costs culture
▼ + stars: | 2023-03-20 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Deel employees told Insider how the startup exploded. In just three years, the HR services startup grew from under 30 employees to over 2,000. My colleague Rob Price talked with more than 30 current/former Deel employees about its astronomical rise. Get a front row seat to Deel's grow-at-all-costs approach — intense, even for Silicon Valley. Loyalty, loyalty, loyalty: Why people are sticking with Silicon Valley Bank.

☆ Tech leaders remain oblivious to the true lessons of Silicon Valley Bank
▼ + stars: | 2023-03-19 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com time to read: +4 min

On the agenda today:But first: Insider's Madeline Renbarger shares what happened at the SXSW Festival in Texas as tech founders and entrepreneurs learned about the implosion of Silicon Valley Bank. The festival began just as the FDIC announced it was taking control of Silicon Valley Bank to stop the catastrophic, social media-instigated bank run that was in full swing. Silicon Valley's blame gameiStock; Rebecca Zisser/InsiderIn the wake of Silicon Valley Bank's collapse, there's been plenty of finger-pointing but little self-reflection on the part of Silicon Valley, writes Insider's Linette Lopez. But in recent weeks, as companies like Meta and Twitter braced for tougher times ahead, the assault on middle managers has picked up new steam. But middle managers move the needle on a company's overall performance far more than senior executives do — and make a bigger difference to the bottom line.

☆ I tried 2 spa treatments that this luxury NYC hotel says will improve sleep—here's how it went
▼ + stars: | 2023-03-18 | by ( Renée Onque | ) www.cnbc.com time to read: +4 min

The Equinox Hotel at Hudson Yards has outdoor saunas near one of its pools during the colder months. Renée OnqueThe Equinox hotel also has an offering of spa treatments that are dedicated to better sleep. All-year round they offer services like IV drips, cryotherapy, a wave table and access to an infrared sauna. I started with the infrared sauna that aims to reduce inflammation and remove toxins from the body. I'd say given the headache during, and the grogginess that followed, I'd give the wave table a 5/10.

☆ Lawsuit argues Amazon illegally surveilled NYC customers including tracking their body size. Here's why Amazon Go stores are watching you.
▼ + stars: | 2023-03-18 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +4 min

A new lawsuit alleges the company's stores in New York City illegally collect data on customers' size and shape without telling them. "From the moment a person walks through the door … Amazon uses computer vision to track people," Peter Roman-Friedman, lead attorney on the lawsuit, told Insider. The lawsuit pertains specifically to nine Amazon's Go stores in New York City, where city law says companies must disclose when customers' biometric data is being collected. The new signs say no biometric data is being collected outside use of the palm scanner, according to the lawsuit. "We think that Amazon's conduct has gone from bad to worse," Roman-Friedman told Insider.

☆ Big banks to the rescue
▼ + stars: | 2023-03-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Goldman Sachs' decision to charge employees for coffee might not be that outrageous after all! The largest US banks — headlined by Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo — just pledged a total of $30 billion in deposits to First Republic Bank. As detailed in a release announcing the news, the 11 banks, which also included Goldman Sachs and Morgan Stanley, believe the move "demonstrates their overall commitment to helping banks serve their customers and communities. I can't imagine the big banks looking to pull the rug out from First Republic four months from now, but this money was a deposit, not a donation. Read more about how big banks came to the rescue of First Republic with $30 billion in deposits.

☆ Larry Fink's annual letter to BlackRock investors was about getting back to basics
▼ + stars: | 2023-03-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

BlackRock CEO Larry Fink GettyImages / Eugene Gologursky1. If you're looking for controversy in Larry Fink's annual open letter to investors, better luck next year. Despite this year's letter clocking in at roughly 9,000 words — have you thought about getting an editor, Larry? — Fink largely avoided discussing a favorite, albeit controversial, topic of his: ESG investing. Click here to read more about Larry Fink's latest annual letter that largely avoided hot political topics.

☆ Blackface, booze, and blurred lines at the $2 billion tech firm Rokt
▼ + stars: | 2023-03-16 | by ( Jack Newsham | Madeline Stone | ) www.businessinsider.com time to read: +25 min

A cropped version of an image shared with Rokt employees at the 2020 meeting. Buchanan told Insider. "We think it's important that we stand up and fight it," he told Insider when asked about that message. In an email, Viles told Insider that he hasn't had any day-to-day involvement with Rokt since 2020, when he did some contract work. Mert Alper Dervis/Anadolu Agency via Getty ImagesOne employee told Insider they were encouraged to post the photos and proclaim 2023 to be Rokt's "best year yet."

☆ What we lend in the shadows
▼ + stars: | 2023-03-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

"What We Do in the Shadows." New companies, especially ones that don't make any money are "pre-revenue," as VCs like to say, aren't easy to lend to. — there are also risks to letting investment firms lend billions of dollars without much oversight. Private-credit firms are looking to fill the lending gap left by Silicon Valley Bank's downfall. Inside Silicon Valley Bank's $70 billion loan portfolio that's now up for grabs.

☆ 8 things you didn't know about being a flight attendant
▼ + stars: | 2023-03-15 | by ( Jen Glantz | ) www.businessinsider.com time to read: +9 min

"But if it gets noticed, the flight attendant will have to speak with their manager." This made me realize that there's so much we don't notice, or even know, when it comes to the job of a flight attendant. Flight attendants sometimes live together in crash padsFor some flight attendants, always being on the go doesn't warrant wanting to pay rent at an apartment that you'll hardly use. Williams said there's such a thing as flight attendant crash pads, where you split rent with a group of other flight attendants near the airport. You can't become a flight attendant overnightUnlike some jobs where you can submit your resume, go through minimal training, and start immediately, being a flight attendant requires a decent amount of training.

☆ Wall Street reacts to Silicon Valley Bank's bailout
▼ + stars: | 2023-03-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +3 min

When federal regulators stepped in to guarantee deposits at Silicon Valley Bank and Signature Bank late Sunday (more on that here), the goal was simple: Ease the public concerns and calm the markets. Silicon Valley Bank was shut down by regulators on Friday. So about that auction... SVB Financial Group, the parent company of Silicon Valley Bank, is still looking for a buyer. Silicon Valley Bank's UK arm was sold to HSBC for roughly $1 (no, I'm not missing any zeros). Silicon Valley Bank died so interest-rate hikes would stop.

☆ Everything you need to know about a crazy weekend in the wake of Silicon Valley Bank's failure
▼ + stars: | 2023-03-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

It's all about Silicon Valley Bank going down and the knock-on effects. If you're not up to speed, here's a quick rundown on what the hell happened at Silicon Valley Bank. The US Treasury, Federal Reserve Board, and the Financial Deposit Insurance Corporation announced they would "fully protect" all depositors who had funds in Silicon Valley Bank. Regulators also made one thing clear with their announcement: "No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer." Nobel Prize-winning economist Paul Krugman has a new name for Silicon Valley Bank.

☆ SVB fallout: Here's how NYC toy store Camp reacted
▼ + stars: | 2023-03-13 | 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 EmailSVB fallout: Here's how NYC toy store Camp reactedBen Kaufman, Camp co-founder, joins 'Squawk Box' to discuss his concern about making employee payroll, why the company used Silicon Valley Bank first, and more.

☆ A real estate investor whose firm says it holds $282 million in assets shares 8 insider tips that will give any beginner an edge, even if they have no cash to start
▼ + stars: | 2023-03-12 | by ( Laila Maidan | ) www.businessinsider.com time to read: +10 min

But unlike other investment opportunities, real estate appealed to him because there were numerous areas where an investor could exercise control to increase the return on their investment. "The reason why I like real estate investing compared to the stock market is that the stock market is incredibly efficient. "Whereas real estate can definitely be an inefficient marketplace where you can gain the advantage." Start in places like real estate associations that regularly host events, conferences, and even breakfasts in cities across the country. You don't need a university degree to become a real-estate investor, but you can give yourself a head start with a few courses.

☆ A NYC worker saw her company was hiring for her job title but paying up to $90K more—so she applied for it
▼ + stars: | 2023-03-11 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

Because the company is hiring in NYC, which requires salary ranges on job listings, she saw that the intended pay for the new hire would be $32,000 to $90,000 more than her current salary. The Citi spokesperson adds the company has listed pay ranges on all U.S. job ads since mid-October. Following that discussion, Nguyen says the prospective company began undergoing layoffs and ended up rescinding their job offer. "As a contractor, I'm in a pretty vulnerable position," she adds. "The full-time employee conversion is being dangled in front of me like a reward that I'm not actually sure I'm guaranteed."

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