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NEW YORK (AP) — Pornographic deepfake images of Taylor Swift are circulating online, making the singer the most famous victim of a scourge that tech platforms and anti-abuse groups have struggled to fix. Sexually explicit and abusive fake images of Swift began circulating widely this week on the social media platform X. The deepfake-detecting group Reality Defender said it tracked a deluge of nonconsensual pornographic material depicting Swift, particularly on X. Some images also made their way to Meta-owned Facebook and other social media platforms. “The images may be fake, but their impacts are very real," Morelle said in a statement.

Persons: Taylor Swift, Swift, ”, Mason Allen, Brittany Spanos, Spanos, Douglas Baldridge, Gwyneth Paltrow’s, X, Elon Musk, “, Meta, Swift didn’t, Allen, OpenAI's DALL, OpenAI, Satya Nadella, Lester Holt, ” Nadella, Midjourney, who've, Yvette D, Clarke, New York who's, ” Clarke, Joe Morelle, Morelle Organizations: Twitter, DeepTrace, Hollywood, South, Rolling Stone, New York University, DJ, Associated Press, Elon, Microsoft, NBC Nightly, U.S, U.S . Rep, New, New York Democrat Locations: Meta, New York

☆ Denver's Basic Income Project has been so successful it's getting more funding and an extension
▼ + stars: | 2024-01-25 | by ( Kenneth Niemeyer | Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

The Denver Basic Income Project just got an extension and more funding. The Denver Basic Income Project, which now provides monthly payments to 800 of the city's lowest-income households, announced it is extending its runtime for another six months. Many cities around the United States are experimenting with basic income projects to alleviate homelessness and support their most vulnerable residents. AdvertisementBut while basic income plans have largely shown success, not everyone is in favor of them, and many programs have drawn the ire of conservative lawmakers. "I am proud to endorse the Denver Basic Income Project and its vital role in our ongoing efforts to address homelessness and improve the lives of our residents."

Persons: it's, —, Mark Donovan, Donovan, Dia Broncucia, Justin Searls, Tonaeya Moore, Mike Johnston, Johnson Organizations: Service, Income, Colorado Trust, Center for Housing, Homelessness Research, University of Denver, Baltimore Young, Denver Locations: Denver, United States, Baltimore, Texas, Harris County, Houston, Iowa

Analyst Ronald Epstein downgraded the stock to neutral from buy and lowered his price target to $225 from $255. The new price target implies just 5% upside from Wednesday's close. Analyst Jed Kelly has an outperform rating and $44 price target on shares, implying 14.4% upside potential since Thursday's close. Analyst Wamsi Mohan reiterated his buy rating on the stock and raised his price target to $200 from $170. Analyst Michael Sison lowered his price target to $69 from $85, implying just 7.5% upside from Wednesday's close.

Persons: Hertz, Ronald Epstein, Epstein, — Hakyung Kim, Oppenheimer, Jed Kelly, Kelly, DraftKings, aren't, Wamsi Mohan, Mohan, JPMorgan's Brian Essex, David Vogt, Essex, Vogt, Wells, DuPont Wells, —, Michael Sison, Sison, Kim, Downside, Tesla, Tesla's, Morgan Stanley's Adam Jonas, Jonas, Joseph Spak, inched, TSLA, Spak, Goldman Sachs, Mark Delaney, Dan Levy, Levy, Colin Langan, Langan, Toni Sacconaghi, Bernstein, JPMorgan downgrades, Ryan Brinkman, Fred Imbert Organizations: CNBC, Tesla, EV, Hertz, JPMorgan, Bank of America, Boeing, Alaska Airlines, of America, Federal Aviation Administration, FAA, IBM, UBS, PTI, bps, DuPont, DuPont de Nemours, Barclays, JPMorgan downgrades Hertz Locations: Alaska, Draftkings, Essex, Wednesday's, Wells Fargo, China, 2H24, Europe

☆ Analysts baffled by Tesla not giving an outlook, can't think of another big company not to do so
▼ + stars: | 2024-01-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Barclays analyst Dan Levy, for example, lowered his target on Tesla shares to $225 from $250, saying that a "cloudy path ahead reinforces some downside risk." Guggenheim left a sell rating and $132 price target in place. "We expect consensus estimates to come down on what will likely be interpreted as a cautious outlook with reduced visibility," wrote Citi's Itay Michaeli. Michaeli lowered Citi's Tesla price target to $224 from $255 a share, implying about 8% upside from Wednesday's close. The bank remains on the sidelines with a neutral rating on Tesla shares, awaiting a "more convincing entry point," he wrote.

Persons: Tesla, Morgan Stanley's Adam Jonas, Joseph Spak, Dan Levy, Wells Fargo's Colin Langan, Emmanuel Rosner, Guggenheim, Ronald Jewsikow, Bernstein's Toni Sacconaghi, Itay, Goldman Sachs, Mark Delaney, — CNBC's Michael Bloom Organizations: Wall Street, UBS, Barclays, Deutsche Bank, EV Locations: Wednesday's

☆ WWE deal doesn't mean Netflix will invest more in sports, co-CEO says
▼ + stars: | 2024-01-23 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

After Netflix and WWE parent company TKO Group announced the deal Tuesday morning, it sparked questions about whether Netflix would try to buy streaming rights for one of the major sports leagues. Netflix paid more than $5 billion for 10 years of WWE's Raw and other international programming. Sarandos called the WWE Raw deal "the inverse of Formula 1," as WWE is popular in the U.S. and has a relatively small international audience. "We can build [WWE] like we have with Formula 1 through our shoulder programming," Sarandos said. The move to pay a giant rights deal is a clear shift for Netflix.

Persons: Dwayne, Johnson, John Cena, Ted Sarandos, Sarandos, WWE's, Mark Douglas Organizations: Life, Netflix, WWE, National Basketball Association, NBA, CNBC Locations: Miami Gardens , Florida, U.S

☆ Morgan Stanley likes biopharma as a defensive play — giving one stock 119% upside
▼ + stars: | 2024-01-22 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

The biopharmaceutical sector is expected to offer a safe haven from macroeconomic and earnings concerns ahead of final quarterly results from companies, according to Morgan Stanley. Morgan Stanley, however, cautioned that the outlook for drug pricing reform in the U.S. poses risks for the sector. Shares of Indivior , argenx , AstraZeneca , Merck , Lonza, Sweden's Sobi, Novo Nordisk and Sandoz Group were among those listed by Morgan Stanley with a "buy" rating. In a bull case where Sublocade hits $2.2 billion in sales by 2030, Morgan Stanley sees shares rising further to 3,500 British pence. Novo Nordisk Shares of Novo Nordisk , a leader in diabetes and obesity drugs, offer a 9.4% upside, according to Morgan Stanley.

Persons: Morgan Stanley, Mark D Purcell, Sweden's, Sublocade, Thibault Boutherin, Morgan, — CNBC's Michael Bloom Organizations: Barclays, Bank of America, AstraZeneca, Merck, Lonza, Novo Nordisk, Sandoz Group, AstraZeneca AstraZeneca, British pharma, EU Locations: U.S, argenx, Novo, Indivior

HENDERSON, Nev. (AP) — The Las Vegas Raiders have agreed to hire Antonio Pierce to be their next head coach and the two sides are finalizing the deal, a person familiar with the decision told The Associated Press. Pierce, 45, took over as Las Vegas' interim coach on Halloween night after Josh McDaniels was fired. The Raiders went 5-4 under his watch — the team went 8-9 overall — and the players were in his corner from the beginning. “Why wouldn’t we keep going the direction we’re going?” Raiders defensive end Maxx Crosby said after a 27-14 victory over Denver on Jan. 7. After leading the NFL in rushing in 2022, Jacobs got into a contract dispute after the Raiders placed the franchise tag on him.

Persons: HENDERSON, Antonio Pierce, hasn’t, Pierce, Josh McDaniels, Maxx Crosby, We’ve, who’s, he’s, ” Pierce, Mark Davis, Davis, Rooney, Leslie Frazier, Kris Richard, McDaniels, Rich Bisaccia, Bo Hardegree, Mick Lombardi, Aidan O’Connell, Josh Jacobs, Jacobs, Rob Maaddi, ___ Organizations: Las Vegas Raiders, Associated Press, Vegas, The Raiders, ” Raiders, Denver, Broncos, ESPN, New Orleans Saints, Raiders, NFL, AP Pro Football Locations: Nev, Buffalo

☆ NBA player Josh Giddey won’t face charges following investigation into alleged relationship with a minor
▼ + stars: | 2024-01-17 | by ( Jacob Lev | ) edition.cnn.com time to read: +1 min

CNN —Oklahoma City Thunder guard Josh Giddey won’t face charges in California following an investigation into whether the 21-year-old was in a relationship with a minor, police announced. Investigators have been “unable to corroborate any criminal activity” connected to Giddey, the Newport Beach Police Department announced on Wednesday. CNN has reached out to the NBA and the Thunder for comment but did not immediately hear back. In November, police opened an investigation after information began circulating online involving an alleged relationship between Giddey and a female minor. Giddey was asked in November about social media posts suggesting a relationship, to which he said, “I understand the question obviously, but there’s no further comment right now.

Persons: Josh Giddey won’t, Giddey, “, Mark Daigneault, CNN’s Wayne Sterling Organizations: CNN, Oklahoma City Thunder, Newport Beach Police Department, Wednesday, NBA, Thunder, Jazz Locations: California, Giddey, Newport Beach, Salt Lake City , Utah

☆ Wall Street's rocky start
▼ + stars: | 2024-01-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn today's big story, we're looking at how there are still plenty of risks in the market despite big expectations. What's on deck:Chip Somodevilla/Getty ImagesOne of the best indicators of the year ahead comes from banks' Q4 earnings. BI's finance team has a roundup of the biggest Wall Street firms' earnings reports and what it means for their hiring plans.

Persons: Donald Trump, Vivek Ramaswamy, —, Chip Somodevilla, BI's Michelle Abrego, Rebecca Ungarino, Kevin O'Leary, Mark Davis, Goldman, Sharmin, Rahmani, Morgan, Steve Cohen, Sundar Pichai, Boris Streubel, Rebecca Zisser, Apple, Mike Katz Organizations: Republican, GOP, Service, Citi, JPMorgan, BlackRock, Staff, Getty, Goldman Sachs Wealth, New York Mets, Google, Hertz, Business, Bloomberg Locations: Iowa, Google's Berlin, San Diego, Austin

☆ Australia Government Seeks Opposition Support on Immigration Detention Legislation
▼ + stars: | 2023-12-05 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +2 min

The verdict overturned an court ruling from about 20 years ago that said indefinite immigration detention was lawful as long as the government intended to remove the person from Australia eventually. The federal government is scrambling to pass the law as the opposition coalition and government lawmakers continued to clash over the ramifications of the high court ruling. The proposed law will allow the government to refer non-citizens freed from immigration detention to judges to decide whether they pose a risk to the community. Three of the about 150 people who were freed since the court ruling have been charged with fresh offences, media have reported. Dreyfus said the government would reject amendments to the bill because they risk exposing it to further challenges in the high court.

Persons: Mark Dreyfus, Dreyfus, Renju Jose, Lewis Jackson, Gerry Doyle Organizations: SYDNEY, Australian, Wednesday, Attorney Locations: Australia's, Australia, Sydney

☆ Walmart's shoppable rom-com is 'novel, fast and easy', says J. Rogers' Jan Kniffen
▼ + stars: | 2023-12-05 | 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 EmailWalmart's shoppable rom-com is 'novel, fast and easy', says J. Rogers' Jan KniffenJan Kniffen, J. Rogers Kniffen WWE CEO, and Mark Douglas, MNTN CEO, join 'The Exchange' to discuss Walmart's new shoppable commercial series, what this means for shoppable tv more generally, and more.

Persons: J, Rogers, Jan Kniffen Jan Kniffen, Rogers Kniffen, Mark Douglas Organizations: Rogers Kniffen WWE

LOS ANGELES (AP) — Prosecutors charged a man Monday with four counts of murder in the fatal shootings of three homeless men in Los Angeles and a suburban resident last month. The Los Angeles resident was then identified as a suspect in the killings of the three homeless men when a firearm found in his car was linked to those shootings, authorities said. The motive for the killings of the homeless victims was not known, Los Angeles Police Chief Michel Moore said during a weekend press conference announcing the arrest. Political Cartoons View All 1277 ImagesJose Bolanos, 37, was found dead with a gunshot wound around 3 a.m. on Nov. 26 in an alley in South Los Angeles, police said. In Orange County, California, a man was charged with killing four homeless men in a series of stabbings from late 2011 to early 2012.

Persons: Jerrid Joseph Powell, Powell, Michel Moore, Jose Bolanos, Mark Diggs, Nicholas Simbolon, “, George Gascón, ”, Itzcoatl Ocampo, Ocampo, cleanser Organizations: ANGELES, — Prosecutors, Los Angeles County, Attorney's, Los, Los Angeles Police, Police, Authorities Locations: Los Angeles, San Dimas, South Los Angeles, Lincoln, Beverly Hills, ”, Angeles County, Las Vegas, Orange County , California

☆ American investors and property owners are focused on providing hybrid work, says IWG's Mark Dixon
▼ + stars: | 2023-12-04 | 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 EmailAmerican investors and property owners are focused on providing hybrid work, says IWG's Mark DixonMark Dixon, CEO of IWG, joins 'The Exchange' to discuss the expansion of hybrid work in the U.S., the future of the work model, and more.

Persons: IWG's Mark Dixon Mark Dixon Locations: U.S

DALLAS (AP) — Jalen Williams scored 23 points and Oklahoma City rallied after allowing Dallas’ NBA-record 30-0 run in the fourth quarter to beat the Mavericks 126-120 on Saturday night. Dallas led 120-118 before the Thunder scored the game’s final eight points. A dunk by rookie Chet Holmgren tied the score, and Williams put the Thunder ahead for good with a reverse drive with 40 seconds left. Williams hit two free throws with eight seconds left for the final points. The Mavericks’ run was the l ongest without allowing a basket in the play-by-play era, which dates to 1996-97.

Persons: — Jalen Williams, Dallas ’, Luka Doncic, Chet Holmgren, Williams, Shai Gilgeous, Alexander, Mark Daigneault, ”, Jason Kidd, ” Daigneault, ” Gilgeous, Cason Wallace, Davis Bertans, Bertans, Holmgren, OKC, Doncic, Larry Bird, Kyrie Irving, Tim Hardaway Jr, Dereck Lively, “, ’ ” Kidd, Doncic’s, Anamaria Goltes, Gabriela, ___ Organizations: DALLAS, Oklahoma City, Dallas, Dallas ’ NBA, Mavericks, NBA, Cleveland, Milwaukee, Thunder, Luka, ”, ” Mavericks, Memphis, Dallas ’, Houston, Wednesday, Utah Locations: Doncic, midcourt, Oklahoma

LOS ANGELES (AP) — A Los Angeles man who was already arrested in another shooting investigation has been identified as the suspect in three recent killings of homeless men, police said Saturday. Los Angeles Police Chief Michel Moore said 33-year-old Jerrid Joseph Powell was identified as the suspect in the three killings after authorities determined a firearm found in the vehicle he was driving when he was arrested earlier was linked to the shootings. Powell was arrested this week by Los Angeles sheriff's deputies for investigation of the shooting death and robbery of a 42-year-old man after he returned to his home. Jose Bolanos, 37, was found dead with a gunshot wound around 3 a.m. on Nov. 26 in an alley in South Los Angeles, police said. It was not immediately possible to identify an attorney for Powell, who is due to appear in court Monday.

Persons: Michel Moore, Joseph Powell, Powell, Jose Bolanos, Mark Diggs, “, ” Moore Organizations: ANGELES, Los Angeles Police, Police Locations: Los Angeles, South Los Angeles, Lincoln, Beverly Hills

☆ Man Suspected of Killing 3 Homeless Men in Los Angeles Is Arrested
▼ + stars: | 2023-12-02 | by ( Anna Betts | More About Anna Betts | ) www.nytimes.com time to read: +1 min

Authorities have identified and arrested a suspect in connection with the killings of three homeless men in Los Angeles this week and tied the suspect to a fourth homicide nearby, officials said on Saturday afternoon. The suspect, identified as Jerrid Joseph Powell, 33, a resident of Los Angeles, was already in custody after being arrested on Thursday morning in connection with the killing of a father of two in San Dimas, Calif., in a robbery on Tuesday after the suspect followed the victim home, officials said. The three homeless victims — all men who were in alleys or open areas by themselves — were shot and killed in the early morning hours on Sunday, Monday and Wednesday, authorities had said. The third victim has not been identified as his next of kin has not yet been notified. Michel Moore, the Los Angeles police chief, said that authorities had identified a vehicle they believe was used in all four homicides and tied it to Mr. Powell, who was already in custody in connection with the San Dimas killing of Nicholas Simbolon, 42.

Persons: Jerrid Joseph Powell, —, Jose Bolanos, Mark Diggs, Michel Moore, Powell, San Dimas, Nicholas Simbolon Organizations: Calif, Authorities, Los Angeles police Locations: Los Angeles, San Dimas

☆ Dr Martens shares slide 27% as the British bootmaker warns on profits
▼ + stars: | 2023-11-30 | by ( ) edition.cnn.com time to read: +2 min

Shares in Dr Martens dived more than 27% Thursday after the company issued its fourth profit warning in 12 months, blaming lackluster demand from US wholesalers for its clunky boots and a slower start to the autumn-winter season. Shares in the British company, which went public in 2021, hit a record low of 79.10 pence ($1) Thursday after the firm also scrapped its revenue guidance for the 2025 fiscal year. For the first half of the year, the company said its wholesale revenue dropped 17% to $199.4 million ($251.9 million). The company said it had offered small discounts on seasonal colors but would not mark down prices on its flagship black shoes. Analysts forecast a range of $223.7 million—$240 million ($282.6 million—$303 million), according to numbers compiled by the company.

Persons: Martens, we’ve, Kenny Wilson, Dr Martens, Wilson Organizations: Reuters Locations: British, United States, United Kingdom, Europe, Asia, Pacific

Goldman Sachs raised its price target on General Motors after the stock's best day since early 2021. The bank reiterated a buy rating as well as a top pick label, accompanied by a $300 per share price target. Goldman Sachs also maintained its buy rating and increased its target price to $345 per share from $340. To be sure, it maintained its $16 per share price target, which implies more than 3% downside from Wednesday's $16.52 close. — Brian Evans 5:45 a.m ET: Goldman raises GM price target Goldman Sachs analyst Mark Delaney increased his price target on General Motors to $45 from $42 after a series of bullish moves by the auto giant.

Persons: Goldman Sachs, Morgan Stanley, 31.6x, Eric Heath, Wells, Andrew Nowinski, — Brian Evans, José Neves, Marvin Fong, Brian Evans, Salesforce, Brad Sills, Kash Rangan, Jefferies, Snapchat, Pinterest, James Heaney, Meta Marshall, Mark Delaney, Delaney, Fred Imbert Organizations: CNBC, General Motors, Hewlett Packard Enterprise, Wall, Bank of America, SNAP, Goldman, GM Locations: Okta, America

☆ Bitcoin briefly crosses $38,000 mark despite more fallout from Binance charges: CNBC Crypto World
▼ + stars: | 2023-11-29 | by ( Talia Kaplan | Kaan Oguz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin briefly crosses $38,000 mark despite more fallout from Binance charges: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Professor Yesha Yadav of Vanderbilt University Law School discusses crypto regulation and what's next for the industry following Binance's historic settlement with U.S. government officials.

Persons: explainers, Yesha Yadav Organizations: CNBC Crypto, CNBC, Vanderbilt University Law School

☆ 2023 was the auto industry's year of EV investment, but consumers still prefer hybrids
▼ + stars: | 2023-11-28 | by ( Brian Evans | ) www.cnbc.com time to read: +7 min

Hybrid vehicle market share has picked up pace in 2023 despite all the investment pouring into EVs. From October 2022 to October of this year, total vehicle market share for hybrids grew from 6.5% to 11.4%, according to data from Edmunds. Over the same time period, EV market share growth was more sluggish, expanding from 6% to 7.5%. Toyota 's 2024 Prius, often called the "gold standard" in hybrid vehicles, was named MotorTrend's car of the year. The uptick in hybrid sales won't likely spell doom and gloom for the EV market over the long-term.

Persons: Stephanie Valdez Streaty, Valdez Streaty, Edmunds, Goldman Sachs, Tesla, Mark Delaney, David Christ, Honda, Michelle Krebs, Sienna, Krebbs, Ford, Dan Levy, Levy, EVs, headwinds, BEV, Tom Narayan Organizations: Cox Automotive, Ford, General Motors, Wall, Toyota, ICE, EV, Toyota Motor's, Wall Street, Los Angeles Auto, FactSet, Tesla, Barclays, GM, Biden, U.S, BMO Capital Locations: Edmunds, U.S

☆ Disney+ raising prices by $1 per month is $2 billion in incremental revenue: MNTN's Mark Douglas
▼ + stars: | 2023-11-28 | 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 EmailDisney+ raising prices by $1 per month is $2 billion in incremental revenue: MNTN's Mark DouglasHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Mark Douglas, Brian Sullivan, “ Organizations: CNBC

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Brent crude futures were down 60 cents, or 0.7%, at $79.98 a barrel. U.S. West Texas Intermediate (WTI) crude futures lost 68 cents, or 0.9%, to $74.86. OPEC+ is looking at deepening oil production cuts despite its policy meeting being postponed to this Thursday, an OPEC+ source said on Monday. The Middle East crisis had impacted oil prices as investors worried about impacts on supply.

Persons: Angus Mordant, Rebecca Babin, Goldman Sachs, Arathy Somasekhar, Paul Carsten, Florence Tan, Mohi Narayan, Peter Graff, Mark Potter, Tomasz Janowski, Cynthia Osterman, David Gregorio Our Organizations: REUTERS, HOUSTON, Brent, . West Texas, Organization of, Petroleum, Reuters, Saudi, CIBC Private Wealth, ING, OPEC, United, International Energy Agency, Qatar, Hamas, U.S . Commodity Futures Trading Commission, Thomson Locations: Loving County , Texas, U.S, Saudi, Russia, OPEC, Saudi Arabia, United Arab Emirates, Iraq, Turkey, United States, Gaza, Houston, London

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Brent crude futures were down 60 cents, or 0.7%, at $79.98 a barrel, while U.S. West Texas Intermediate (WTI) crude futures lost 68 cents, or 0.9%, to $74.86. "We still expect an extension of the unilateral Saudi and Russia cuts through at least the first quarter of 2024," the bank added. Higher crude stockpiles in the United States have also put downward pressure on prices, analysts said. The Middle East crisis had impacted oil prices as investors worried about impacts on supply.

Persons: Angus Mordant, Rebecca Babin, Goldman Sachs, Arathy Somasekhar, Paul Carsten, Florence Tan, Mohi Narayan, Peter Graff, Mark Potter, Tomasz Janowski, Cynthia Osterman Organizations: REUTERS, HOUSTON, Brent, U.S, West Texas, Organization of, Petroleum, Reuters, Saudi, CIBC Private Wealth, ING, OPEC, United, International Energy Agency, Qatar, Hamas, Thomson Locations: Loving County , Texas, U.S, Saudi, Russia, OPEC, Saudi Arabia, United Arab Emirates, Iraq, Turkey, United States, Gaza, Houston, London

☆ The looming office space real estate shortage. Yes, shortage
▼ + stars: | 2023-11-26 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +6 min

You read that right: amid a commercial real estate market across U.S. downtowns being described in apocalyptic terms, CoStar sees a shortage on the horizon, with one key caveat for top companies to bear in mind. CoStar's call of an upcoming office space shortage is predicated on a look at the current data on leasing and construction activity compared to recent market history. They have attracted over 175 million square feet of net new occupancy since the beginning of 2020, an average of 12.7 million square feet per quarter. "Modern, premium office space remains in demand, just as it has historically, even during difficult economic times," said Phil Mobley, national director of office analytics at CoStar Group. Less than 30 million square feet has broken ground in 2023, making this year the lowest for construction starts since 2011.

Persons: Visoot, downtowns, Phil Mobley, Google's, Mobley, Jeff Greene Organizations: CNBC, Google, City, Gas Co, Billionaire Locations: U.S, New, Los Angeles, West Palm Beach

“Jonathan has a proven track record of success, building the Oregon State program from the ground up by implementing a plan resulting in sustained historic success for the Beavers," Michigan State athletic director Alan Haller said. He also coached quarterbacks at Boise State, Montana and Idaho after starting his coaching career as an Oregon State graduate assistant in 2002. Oregon State and Washington State are the lone remaining teams in the Pac-12 after the other 10 teams bolted in realignment. Smith closed his coaching career at Oregon State with a 31-7 loss to rival and sixth-ranked Oregon. “This year, Oregon State has controlled the line of scrimmage on both sides of the ball, ranking among the nation’s leaders in both rushing offense and rushing defense.

Persons: Smith, “ Jonathan, Alan Haller, Tucker, Harlon Barnett, Mark Dantonio, Nick Saban, “, Scott Barnes, Gary Andersen, Cory Hall, ” Haller, “ He’s, he’s, ”, Ralph D, Russo, Anne M, Peterson, Larry Lage, ___ Organizations: Oregon State, Beavers, Michigan State, Boise, Big, Spartans, Penn State . Michigan State, College Football, LSU, Oregon, Washington State, Cougars, AP College Football, AP Sports, AP Locations: Oregon, Pasadena , California, Boise State , Montana and Idaho, Washington, Michigan, Wisconsin

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