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☆ I left Manhattan for LA. It's easier to make friends, my cost of living is lower, and I'm so much happier here.
▼ + stars: | 2023-01-18 | by ( Daniel Zahler | ) www.businessinsider.com time to read: +14 min

I got the full New York City experienceI lived in Manhattan for 12 years. In 2015, I decided to sublet my West Village pad and spend the winter in Santa Monica. Santa Monica is one of the priciest areas of California, but it's still cheaper than Manhattan. Today I'm paying $3,000 a month for a spacious apartment in the heart of Santa Monica with amazing views of mountains and palm trees. New York City is unrivaled in its energy and diversity and is the major league of cities — truly world-class.

☆ Self-proclaimed 'Crocodile of Wall Street' gets tech job while under house arrest
▼ + stars: | 2023-01-18 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Heather Morgan, aka "Razzlekhan," has been in house arrest facing charges in a massive crypto scheme. A D.C. federal court is now letting her leave home just to work at a tech company's NYC office. Morgan has managed to wrangle some freedoms during her house arrest so far. "While awaiting resolution of this matter, Ms. Morgan has sought to be productive," her lawyer told the court in November. Morgan wore a few hats in her past life, calling herself the "Crocodile of Wall Street," and writing columns.

☆ The bloodletting at Goldman Sachs might not be done yet as the bank looks for more ways to cut costs
▼ + stars: | 2023-01-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

If you're a Goldman Sachs' employee who made it through the company's recent layoffs, be warned: There could be more to come. Anyone hoping Goldman's fourth-quarter earnings report would represent a fresh start for the bank was sorely disappointed. Today should provide some hints at to how the bank will navigate things, as Goldman is set to inform employees on their year-end bonuses. Steve Pagliuca, the PE firm's co-chairman, is retiring, The Wall Street Journal reports. Read more on how Wall Street analysts got it so wrong.

☆ Insider's One Planet destination zeroes in on the innovations and actions taking on the climate crisis
▼ + stars: | 2023-01-18 | by ( ) www.businessinsider.com time to read: +4 min

The section will focus on how people can take action to address the climate crisis in their homes, businesses, and communities. Today, Insider is launching a new destination — One Planet — that draws inspiration from the messages of Climate Action 30. The project will also convene in-person and virtual events adjacent to the world's biggest global climate activations, such as COP28 and Climate Week NYC. Underpinning One Planet will be the spirit of entrepreneurship and the innovations and technologies that will unlock climate progress. Journalists from across Insider's global newsroom will contribute to One PlanetOne Planet will be led by editor Lily Katzman, who also edited the Climate Action 30 project.

☆ 5 key takeaways from Climate Week NYC 2022
▼ + stars: | 2023-01-17 | by ( Sponsor Post | Created Hitachi With Insider Studios | ) www.businessinsider.com time to read: +5 min

The importance of addressing climate change has never been greater. No single business or organization can tackle climate change on its own. On the first day of Climate Week NYC, industry experts gathered to discuss what's stopping us from getting climate action done. Helping small and medium-sized customers optimize their climate efforts allows companies with the resources and reach of Hitachi to extend climate action beyond their current offerings. Discover how Hitachi is getting it done by driving climate action through its sustainable technologies and solutions.

☆ What's next for Goldman following deep cuts and organization overhaul
▼ + stars: | 2023-01-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

On tap we've got stories on JPMorgan's Jamie Dimon fielding questions about the bank's acquisition strategy, another bank plans to make cuts, and fast food options that won't completely crush your diet. On Wednesday the bank conducted a majority of its cuts, reducing its global workforce by about 6.5%. A few days later, on Friday, the bank reported losses of more than $3 billion since 2020 in the unit that houses the bank's consumer lending business. Meanwhile, some of the recently axed Goldman employees have been left in the dark on what's next for them, according to reporting from Hayley and Emmalyse Brownstein. Here are some fast food options that won't completely wreck your diet.

☆ Who on Wall Street is making cuts, who's promoting, and who's hiring
▼ + stars: | 2023-01-16 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +2 min

One thing that's apparent on Wall Street is that many people are worried about their jobs and compensation. We've already seen layoffs at Goldman Sachs, BlackRock, and BNY Mellon materialize, and there's likely more bad news to come. Wall Street bonuses are being handed out—but they're not going to be pretty. Here's when banks like JPMorgan, Goldman Sachs, and Morgan Stanley are expected to tell employees how much they made. College students still eyeing a job on Wall Street should look no further than our guide to landing a summer job at a top investment bank or asset manager.

☆ Saks Fifth Avenue proposes casino at NYC flagship, as competition for gaming licenses in the city heats up
▼ + stars: | 2023-01-14 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

Saks Fifth Avenue has placed a bid to build a casino on the upper floors of its flagship store. Saks is one of several major companies vying for just three available casino licenses in the city. "The Saks Fifth Avenue flagship store is a staple of one of the most iconic streets in Manhattan," the source told Insider. "It is of particular importance to us that we continue to invest in the vibrancy and spirit of Fifth Avenue itself." A rendering of the Saks Fifth Avenue casino lobby.

☆ I got a free first-class upgrade on my flight from New York to London. The luxurious perks were absurd.
▼ + stars: | 2023-01-14 | by ( Kiera Fields | ) www.businessinsider.com time to read: +1 min

I flew with British Airways from New York to London and got a free first-class upgrade. With the upgrade, I could access the newly renovated exclusive Chelsea Lounge in JFK's Terminal 8. I'm a frequent flyer, and a Silver British Airways member to get double air miles to use toward my regular flights. This return ticket from London to NYC usually costs £1,700, or around $2,000. I looked up the price-comparison site Skyscanner and found first-class single tickets from New York to London with British Airways on sale for between £4,000 and £9,000, or between around $4,874 and $10,968.

☆ The first NY cannabis licenses have been approved – but these are the 3 obstacles dispensaries are still facing
▼ + stars: | 2023-01-14 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

A real estate expert says license holders now face challenges with finding the right property for their businesses. Business owners are up against strict regulations and uneducated landlords in their search for a storefront. The next hurdle, real estate exec Gregory Tannor of Lee & Associates NYC told Insider, is finding the right real estate for stores. There are "buffer zones" that cannabis business owners must abide by while shopping for real estate. Despite the uphill battle to open legal dispensaries in New York, Tannor told Insider to expect more places to purchase weed opening up in the next few weeks.

☆ Bank earnings are under way. Here are the biggest storylines everyone on Wall Street is focused on.
▼ + stars: | 2023-01-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Starting today, the six big US banks (Bank of America, Citi, Goldman Sachs, JPMorgan, Morgan Stanley, and Wells Fargo) report their Q4 and year-end earnings. But instead of a boring preview on what to expect, I figured I'd have some fun by setting gambling lines on some of the biggest storylines heading into earnings. OK, let's get into the biggest storylines and their odds:David Solomon discusses the recent headcount reduction at Goldman Sachs. What'll be interesting is if he teases even more cuts coming down the line as the bank looks to cut costs. (-150)Background: The bank got ahead of this one by announcing its plans to step back from mortgages earlier this week.

☆ Sam Bankman-Fried says he sometimes worked at the offices of the lawyers now investigating FTX after criticism of their past links
▼ + stars: | 2023-01-13 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Law firm Sullivan & Cromwell has been criticized for its involvement in FTX's bankruptcy having worked with the crypto exchange before. In a Substack Thursday, however, Sam Bankman-Fried said he sometimes worked out of the firm's New York offices. He added that he believes FTX customers could have been reimbursed if it didn't file for bankruptcy. Andrew Dietderich, of Sullivan & Cromwell, told the court that line of credit was used to fund political donations and lavish purchases. Sullivan & Cromwell did not immediately respond to Insider's request for comment, sent outside normal working hours.

☆ NYC mayor cites slower economic growth spurred by high office vacancy, cost of migrant crisis and health care, in budget address
▼ + stars: | 2023-01-12 | by ( Mark Morales | ) edition.cnn.com time to read: +3 min

“We crafted this budget in the environment of economic and fiscal uncertainty. The increase in vacancies weakens the commercial office market, according to analysis from the preliminary budget. Rising health care costs and settling expired labor contracts are also listed as hurdles, according to the preliminary budget. Adams said that 88% of jobs lost during the pandemic have been recovered, according to the preliminary budget. The Adams administration also boasts $8.3 billion in budget reserves, according to the preliminary budget, which also looks ahead to investments in affordable housing addressing and environmental concerns.

New York CNN —A nurses strike at two private New York City hospitals has come to an end after 7,000 nurses spent three days on the picket line. The New York State Nurses Association union reached tentative deals with Mount Sinai Health System and Montefiore Health System. But the union said the tentative deal will help put more nurses to work and allow patients to receive better care. The union representing the nurses had approved an offer of 19% pay hikes at other New York hospitals, avoiding a strike with tens of thousands of other nurses. But the nurses at the two hospitals that went on strike said the pay raises weren’t enough to solve staffing shortages.

☆ Justice Department Charges Alleged NYC New Year’s Eve Attacker With Attempted Murder
▼ + stars: | 2023-01-11 | by ( Sadie Gurman | ) www.wsj.com time to read: 1 min

NYPD was on alert New Year’s Eve after a machete attack on police officers near the Times Square celebrations. The Justice Department on Tuesday charged a 19-year-old alleged Islamic extremist with federal crimes stemming from a New Year’s Eve machete attack on three New York police officers, a case law-enforcement officials said underscores their challenge in preventing attacks by people acting alone. Federal prosecutors charged Trevor Bickford with four counts of attempted murder of officers and employees of the U.S. government, saying he traveled to Manhattan from his family’s home in Maine to attack police in an effort to achieve martyrdom.

☆ Inside Goldman Sachs' layoffs: 'Every 10 minutes, I just kept hearing that someone was being let go'
▼ + stars: | 2023-01-11 | by ( Carter Johnson | Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

"Every 10 minutes, I just kept hearing that someone was being let go," one employee said. Goldman, which reports fourth-quarter earnings next week, has had the added problem of having lost billions on its nascent consumer banking experiment. "We've just been hearing that today was doomsday and that we'd start hearing cuts this morning. Every 10 minutes, I just kept hearing that someone was being let go," this person said. Consumer banking associateGoldman Sachs' spokesman Tony Fratto said: "We know this is a difficult time for people leaving the firm.

☆ Donald Trump's longtime money man, Allen Weisselberg, quickly gets coveted cot in 'safest place' at Rikers
▼ + stars: | 2023-01-11 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Former Trump CFO Allen Weisselberg breezed through intake at NYC's infamous Rikers jail. The West Facility houses only Rikers inmates serving sentences of under one year, Mualimmak-Ak said. A dorm in the West Facility of Rikers, where the ex-CFO of Donald Trump's real-estate company is serving 5 months for masterminding a decade-long payroll tax-fraud scheme. The West Facility is constructed of high-tech plastic fabric stretched over aluminum frames, according to the DOC website. An exterior shot of the West Facility, new home at Rikers jail for Allen Weisselberg, longtime CFO for former President Donald Trump.

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☆ An architect shares interior-design upgrades for 4 rooms in your home for an extra-cozy winter
▼ + stars: | 2023-01-11 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +5 min

NYC architect and designer Michael Gabellini recommended four upgrades to make a home extra cozy. His clients may demand luxury, but that doesn't mean that some upgrades can't be affordable. Install heated walls in the bathroomGabellini Sheppard designed the interiors for 611 West 56th Street in New York, with bathrooms that include heated floors. He's seeing a growing demand for heated walls, which are already popular in Germany. Gabellini SheppardYou've heard of heated floors — and now, heated walls — but what about heated countertops?

☆ Rikers expert says Allen Weisselberg will get better treatment as a prominent Trump supporter
▼ + stars: | 2023-01-10 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

Trump's ex-CFO, Allen Weisselberg, was sentenced Tuesday to five months in NYC's Rikers jail. Rikers guards love Trump and will give better treatment to Weisselberg, 75, one expert predicts. Being 75 years old and in the news will also help Weisselberg, predicted the expert, Five Mualimmak-Ak, a jail-reform activist and former detainee who visits Rikers frequently. "Ninety-percent of the guards are Trump supporters, even though most of them are Black and Latino women," said Mualimmak-Ak, program director for LIFE Camp, a city-based nonprofit. "So he'll get preferential treatment from the guards because he is a Trump supporter.

☆ Everything you need to know about the M&A market for 2023
▼ + stars: | 2023-01-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

After a long, cold dealmaking season, insiders are hoping to the market begin to thaw this year. So Insider's Carter Johnson spoke to six M&A bankers about what to expect this year. And while it's true sellers could always try and wait out the market, there's no gurantee of when things can get better. Click here to read more about what to keep an eye out for in the M&A market this year. This is what we know about the man some once considered to be a potential successor to CEO James Gorman.

☆ Colorado ends short-lived program to bus migrants to Chicago and NYC
▼ + stars: | 2023-01-09 | by ( Deon J. Hampton | Deon J. Hampton Is A National Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

Jared Polis said Colorado will no longer bus asylum-seekers to New York City and Chicago after the mayors of both cities demanded a halt to the policy. “The majority of migrants have a final destination other than Denver,” Polis' office said in a statement last week. While reversing his decision, Polis also set aside $5 million in state money to help provide assistance to the migrants, Denver officials said Monday. "We respectfully demand that you cease and desist sending migrants to New York City and Chicago." New York City has already taken in more than 38,000 migrants in the last nine months, Adams' office said Monday.

☆ Trial of Sayfullo Saipov, accused of killing 8 people in truck terror attack on NYC bike path, begins
▼ + stars: | 2023-01-09 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +4 min

Opening arguments kicked off Monday in the federal trial of Sayfullo Saipov, the Uzbek immigrant who in 2017 plowed a rented pickup truck on a New York City bike path, killing eight people in its path of destruction. The Oct. 31 attack was the deadliest terrorist attack in New York City since Sept. 11, 2001. Police said Saipov, then 29, was inspired by the Islamic State terrorist group, or ISIS, in launching the attack. How the attack unfoldedIn the attack, Saipov rented a white Home Depot pickup truck in Passaic, New Jersey, and drove it into Manhattan where the streets were filling up with Halloween festivities. Investigators later found a note that Saipov left in the truck, claiming the attack was in the name of ISIS.

☆ Morning Bid: Seeing through another shock
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +4 min

Brazil's weekend political shock reminds world markets of fragile geopolitics, but investors more broadly appear happier to stick with a new year narrative of recovery from a dire 2022. Days after his inauguration, leftist President Luiz Inacio Lula da Silva announced a federal security intervention in Brasilia until Jan. 31. Fed chair Jerome Powell speaks on Tuesday but the big data release of this week is Thursday's consumer price report. The gap between positive euro zone economic surprise indices and negative U.S. equivalents is now at its widest since June. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Nurses set to strike at 2 of NYC's largest hospitals
▼ + stars: | 2023-01-09 | by ( Chantal Da Silva | Chantal Da Silva Is A Breaking News Editor For Nbc News Digital Based In London. | ) www.nbcnews.com time to read: +4 min

Nurses at two facilities within Mount Sinai's health care system tentatively agreed to contracts Sunday, according to an announcement from the New York State Nurses Association, the largest union representing registered nurses in the state, but negotiations continued at its flagship hospital. The New York State Nurses Association had threatened to strike at all of the affected hospitals at the same time, but other hospitals reached agreements with the union ahead of the deadline. The New York State Nurses Association and Mount Sinai did not immediately respond to overnight requests for comment. "This exact wage proposal has also been offered to NYSNA for nurses at The Mount Sinai Hospital. "We hope they will similarly rescind their strike notice at The Mount Sinai Hospital."

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