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☆ The top 3 U.S. cities where new rental apartments have gotten smaller—and NYC isn't one of them
▼ + stars: | 2023-03-11 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +2 min

The share of one-bedroom and studio apartments grew to 57% of new apartments in 2022, up from exactly half of new builds 10 years ago. That's part of why the average size of all apartments has shrunk. Cities where new apartments have gotten smallerNew Yorkers may be the first to tell you how small their living spaces are. Tucson, Arizona, leads, the pack, and its new apartments beats the next city's — Tallahassee, Florida's — growth by over 100 square feet. The average new apartment size grew the most in these 15 cities:How to get the most out of your space

[1/5] Asylum seekers board a bus after crossing into Canada from the U.S. in Champlain, New York, U.S., February 28, 2023. Many of the arrivals abandoned plans to seek asylum in the United States, deterred by long processing times and restrictive definitions for asylum, according to aid officials and interviews with asylum seekers. "We want to help asylum seekers stabilize their lives whether in New York City or elsewhere." The Quebec government has said the increase in asylum seekers is straining its capacity to house people and provide basic services. Immigration experts said closing off the border to asylum seekers could push migrants to take even riskier routes.

Many of the arrivals abandoned plans to seek asylum in the United States, deterred by long processing times and restrictive definitions for asylum, according to aid officials and interviews with asylum seekers. "We want to help asylum seekers stabilize their lives whether in New York City or elsewhere." REUTERS/Christinne Muschi Acquire Licensing RightsThe Quebec government has said the increase in asylum seekers is straining its capacity to house people and provide basic services. The federal government said it has relocated more than 5,500 asylum seekers to other provinces since June, the first time it has done so. Immigration experts said closing off the border to asylum seekers could push migrants to take even riskier routes.

Persons: Zulema Diaz, Maryangel Diaz, Carlos Osorio, Diaz, Justin Trudeau, Joe Biden, Sean Fraser, Alejandro Mayorkas, Trudeau, Biden, Zulema, Eric Adams, Kate Smart, Fabien Levy, Smart, Ilze Thielmann, Raymond Theriault, Theriault, Christinne, Pierre, Luc Bouchard, You’re, Jamie Chai Yun Liew, Anna Mehler Paperny, Ted Hesson, Denny Thomas, Suzanne Goldenberg Organizations: REUTERS, New, . Homeland, Washington , D.C, Ottawa, New York City, Department of Homeless Services, U.S . Department of Homeland Security, Reuters Graphics Canada, United, Colombian, Immigration, Refugee Board, Canadian, Reuters, U.S, . Citizenship, Immigration Services, TLC, Border Patrol, University of Ottawa, Thomson Locations: U.S, Quebec, Niagara Falls , Ontario, Canada, CHAMPLAIN , New York, WASHINGTON, Peru, United States, New York City, Plattsburgh, Washington ,, New York State, New York, Haitian, Syracuse, El Paso, West Virginia, Niagara Falls, Guatemala, Champlain , New York, Montreal, Canada's province, Manitoba, Washington

☆ NYC's Flatiron building is going up for sale in a public auction—anyone can win: Here's what to know
▼ + stars: | 2023-03-10 | by ( Celia Fernandez | ) www.cnbc.com time to read: 1 min

If you've ever wanted to own a piece of New York City history, you will soon have the chance. The Flatiron Building is going for up sale at Mannion Auctions on March 22. Four real estate firms — GFP Real Estate, Newmark, ABS Real Estate Partners, and the Sorgente Group —own a collective 75% stake in the 22-story skyscraper, while a fifth partner, Nathan Silverstein, owns the remaining 25%. The four real estate firms sued Silverstein in 2021 to force a sale of their stakes after alleging the fifth partner's business decisions were keeping the Flatiron Building empty. Silverstein countersued the four partners claiming that they wanted to lease the building at a below-market price to a company linked to one of the owners, Newmark.

☆ Everyone's freaking out about SVB because everyone else is freaking out about SVB
▼ + stars: | 2023-03-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

But the real star — or perhaps supernova — of Thursday was SVB Financial, which saw shares drop as much as 62%. As you can imagine, the past year has not been kind to SVB. SVB had to sell a $21 billion bond portfolio for a $1.8 billion loss (thanks a lot, interest rates!). It wasn't long before reports started rolling in about VCs instructing their founders to get their money out. Here's more on the tech founders trying to calm everyone down amid the chaos.

☆ New York City launches program to help lower-income residents recover from floods
▼ + stars: | 2023-03-10 | by ( Emma Newburger | ) www.cnbc.com time to read: +2 min

New York City has introduced a new pilot program that will help residents from lower-income communities recover more quickly from major flooding events. The program is designed in part to help frontline communities get quicker relief after climate-related disasters and make up for an often slow and complex payout process from private insurance providers or the federal government. Tens of thousands of New Yorkers reside in low-lying neighborhoods where climate change has prompted rising sea levels, worsening coastal storms and more frequent flood events. Rising tides and more frequent storms in New York City will put up to $242 billion of real estate at risk of coastal flooding by the 2050s, according to a report by the city's comptroller. "I think of this pilot as one of many potential creative ways we can start improving equity and recovery," Kousky said.

☆ How SVB employees are coping after being ordered to leave the office, from polishing their resumes to hitting the bar: 'We're pretty much in the dark'
▼ + stars: | 2023-03-10 | by ( Emmalyse Brownstein | Rebecca Ungarino | Carter Johnson | ) www.businessinsider.com time to read: +6 min

It read: "Operations of the SVB Securities broker dealer are distinct from the receivership of SVB Financial." The SVB Securities employee called the whirlwind leading up to SVB's meltdown as "scary, scary stuff." Kevin Heal, senior analyst at Argus Research, said he sees both SVB Securities and SVB Private being sold. SVB bought the healthcare investment bank Leerink Partners in 2018, renaming it SVB Leerink and then SVB Securities. PATRICK T. FALLON/AFP via Getty ImagesHeal thinks the investment banking operations could be purchased by a smaller investment banking firm that doesn't have tech or healthcare prowess, like US Bancorp or PNC.

☆ You can live on this cruise ship for $30,000/year—less than the average cost of rent in NYC
▼ + stars: | 2023-03-09 | by ( Celia Fernandez | ) www.cnbc.com time to read: 1 min

If you're thinking about moving into a new home or just looking for a change of scenery, you might want to consider this cruise around the world. Life at Sea Cruises announced it is accepting reservations for its three-year world cruise. The trip will cover over 130,000 miles and visit 375 ports across 135 countries and seven continents. According to a press release, the MV Gemini cruise ship has 400 cabins and room for up to 1,074 passengers. The ship features traditional amenities and includes a 24-hour on-call hospital with free medical visits.

☆ AI might revolutionize how we borrow money. But is that a good thing?
▼ + stars: | 2023-03-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

But a recent report by Credit Suisse on the use cases for both ChatGPT and AI in finance caught my eye. AI models are only as good as the data they receive, which leaves them susceptible to bias, just like humans. A top-performing hedge fund is looking to team up with one of the hottest tech tools. Izzy Englander's Millennium Management told clients that it'll expect to get paid regardless of whether the hedge fund actually makes money for its investors, according to Bloomberg. The billionaire hedge fund manager believes all signs are pointing towards a recession.

☆ I was a recruiter for 15 years. The best job candidates don't crunch their résumé onto one page, they follow these tips instead.
▼ + stars: | 2023-03-09 | by ( Dani Herrera | ) www.businessinsider.com time to read: +7 min

Her tips include using active verbs on your résumé and using the "featured" section on LinkedIn. Everything else can go on your LinkedIn profile. Use your LinkedIn profile to elevate your résuméAll those things you couldn't fit on your résumé? Your LinkedIn profile doesn't have to be boring either. Update your banner pictureThe banner is one of the first things we notice when we open a LinkedIn profile, so why not use it to your advantage?

☆ Ken Griffin just keeps winning
▼ + stars: | 2023-03-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

No, 4.1 billion represents the number of dollars Ken Griffin made from his hedge fund, Citadel, in 2022 alone. Griffin made more money in one hour than the average American makes in their lifetime! Oh, and one more thing: That's not even all the money Griffin earned in 2022! I've said before you could make the case for Griffin being the most powerful person on Wall Street. And check out this fascinating profile from Insider's Dakin Campbell on Ken Griffin.

☆ Oil falls 3% on U.S. rate hike expectations, strong U.S. dollar
▼ + stars: | 2023-03-07 | by ( Laila Kearney | ) www.reuters.com time to read: +2 min

Brent crude futures shed $2.35, or 2.7%, to $83.83 a barrel by 1:05 p.m. EST (1805 GMT) . U.S. West Texas Intermediate crude dropped by $2.48 a barrel, or 3%, at $77.98. Prices sank after Powell told Congress the Fed would likely need to increase rates more than expected in light of recent strong economic data. More pressure came from a contraction in China's exports and imports in January and February, including crude oil imports, despite a lifting of COVID-19 restrictions. The American Petroleum Institute's weekly report is due at 2130 GMT on Tuesday, with U.S. Energy Information Administration data following at 1530 GMT on Wednesday.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMaking $86,000 a year as a subway conductor in NYCNatasha Dinnall, 51, works as a subway conductor in NYC and earns about $86,000 per year. Natasha joined the MTA in 1992 and took her first job with the agency as a property protection agent and later became a station agent, conductor, train operator, and finally a conductor again.

☆ New York mayor says retailers must force shoppers to remove masks when entering stores to prevent crime. 'It's not about being fearful of a pandemic.'
▼ + stars: | 2023-03-07 | by ( Ben Tobin | ) www.businessinsider.com time to read: +2 min

NYC Mayor Eric Adams said face masks obstruct stores from identifying potential shoplifters. "Do not allow people to enter the store without taking off their face masks," he told a local radio station. "Do not allow people to enter the store without taking off their face masks," Adams told a local radio station Monday. He added that once in the store, shoppers can feel free to wear face masks. Walmart President and CEO Doug McMillon said in December 2022 that stores would close and prices would rise if theft levels did not drop.

Dinnall, 51, is a train conductor for the New York City subway system — the heartbeat that keeps the city running. Natasha Dinnall, 51, is a NYC subway conductor and earns $86,000 per year. Here's how Dinnall earns $86,000 a year as a subway conductor in NYC. She took her first job with the agency as a property protection agent and later became a station agent, conductor, train operator, and finally a conductor again. Mickey Todiwala | CNBC Make ItEmployees must go through "extensive training" to become a conductor, Dinnall says.

☆ More pain for the crypto industry means a chance for startups to pivot
▼ + stars: | 2023-03-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

After an awful 2022 that saw one of the industry's high-profile figures implode, the crypto market is looking for a bounceback. McDermott laid out to Insider's Bianca Chan and Dakin Campbell how tough times for crypto startups mean more realistic valuations and, in some cases, a reevaluation of the business model. Once of the most common critiques I hear about crypto is "It's a solution looking for a problem." The most recent crypto winter could force startups to be a bit more pragmatic about the specific problem they are looking to address. "If you can solve fraud in crypto, you can solve fraud in basically any part of finance," Meier told Insider.

☆ ExodusPoint is on the comeback trail after a rocky 2022
▼ + stars: | 2023-03-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

It's the beginning of the month, which means a chance to see how the top hedge funds are performing. But the top dog among large multi-strategy hedge funds was ExodusPoint. Click here to check out the performance of top hedge funds like Citadel, Millennium, and Point72. Working on Wall Street is so bad this woman left to clean up crime scenes. Stacey Foyster detailed how after a decade on Wall Street in risk analysis, she opted for a career change.

☆ Public Unions vs. the People
▼ + stars: | 2023-03-04 | by ( Mene Ukueberuwa | ) 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/the-people-vs-public-sector-unions-philip-howard-collective-bargaining-public-private-fdr-teddy-roosevelt-supreme-court-nyc-transit-pension-healthcare-7d1e45f4

☆ $52.6 billion is needed to protect the NYC area from coastal storms, according to a new plan proposed by the Army Corps of Engineers
▼ + stars: | 2023-03-04 | by ( Lindsey Jacobson | In | ) www.cnbc.com time to read: +2 min

That's how much the U.S. Army Corps of Engineers thinks it will take to protect the New York City area from coastal storms. Plan 3B offers the "best bang for the buck," said Bryce Wisemiller, a project manager for the U.S. Army Corps of Engineers' New York District. He said this is the most cost-effective plan to protect the region from storms that are likely to happen only once in 100 years. Residents can explore the 3B plan, as well as suggested plans 2, 3A, 4 and 5, at the Army Corps' interactive website. Watch the video here to learn more about the plan to protect the New York City area from coastal storms.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe $52.6 billion plan to save the NYC region from climate changeThe New York and New Jersey Harbor and Tributaries Study, also known as the HATS study, looks at how to protect the NYC area from another Hurricane Sandy. The Army Corps of Engineers is recommending a $52.6 billion plan to protect the region from climate change including seawalls, levees and elevated promenades. Watch the video to find out more about what the plan entails and why the price tag is so high.

☆ A manhole cover launched into space with a nuclear test is the fastest human-made object. A scientist on Operation Plumbbob told us the unbelievable story.
▼ + stars: | 2023-03-03 | by ( Rebecca Harrington | ) www.businessinsider.com time to read: 1 min

Pedestrians walk past a manhole cover that wasn't shot into space in Berkeley, California, on July 18, 2019. AP/Jeff ChiuHow could an iron manhole cover be the fastest human-made object ever launched? This manhole cover was shot into space with a nuclear bomb. Robert Brownlee, an astrophysicist who designed the nuclear test in question, told Insider the unbelievable story in 2016, before he died at the age of 94 in 2018. Brownlee refuted the non-believers and asserted that yes, it likely was the fastest object that humankind ever launched.

☆ Former Goldman Sachs partners represent the powerful allies and formidable foes the bank has across the Street
▼ + stars: | 2023-03-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

In many ways, it's easier to become a brain surgeon than a Goldman partner (doctors, please spare me your hate mail). Unlike other esteemed white-collar groups — the partners at law firm Cravath, Swaine & Moore, for example — turnover is somewhat common within the Goldman partnership. Insider's Carter Johnson and Dakin Campbell took a look at how many partners have left the bank since CEO David Solomon took over in 2018. In many ways, it's demonstrative of the allies the bank has across the Street. Former Goldman partners can be like missionaries for the bank, spreading the good word to anyone who will listen (and paying their fees).

☆ ESG is about preventing risk, not bringing returns, says NYC comptroller
▼ + stars: | 2023-03-03 | 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 EmailESG is about preventing risk, not bringing returns, says NYC comptrollerBrad Lander, New York City Comptroller, joins 'Squawk Box' to discuss the pushback against anti-ESG pushback, if Sen. Mike Braun means to be prevent New York City pension funds from shareholder engagement and more.

Some community leaders in New York resisted OnPoint’s safe-use sites. Syderia Asberry, a founder of the nonprofit Greater Harlem Coalition, spent three years fighting against what she called the over saturation of treatment centers and shelters in Harlem. She said safe-use sites represent an acceptance of drug use as a way of life.

☆ Bridgewater's new executive team is already making big changes. But was it all part of Ray Dalio's master plan?
▼ + stars: | 2023-03-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

On tap, we've got stories on the top VCs in Texas, more headaches for Blackstone's BREIT, and why boomers stink. Maybe it's just the fear of facing your own mortality and realizing that life, in fact, will go on without you. As Rebecca Ungarino reports, the world's largest hedge fund is making a slew of new changes less than six months after billionaire founder Ray Dalio stepped aside. Bridgewater, which was founded in 1975 from Dalio's two-bedroom apartment, is arguably just as well known for its culture as its size. Edited by Jeffrey Cane (tweet @jeffrey_cane) in New York and Hallam Bullock (tweet @hallam_bullock) and Nathan Rennolds (tweet @ncrennolds) in London.

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