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☆ Governors, Biden administration push to quadruple efficient heating, AC units by 2030
▼ + stars: | 2023-09-21 | by ( ) www.cnbc.com time to read: +5 min

Climate Alliance and the Biden administration are expected to announce a pledge Thursday to quadruple the number of heat pumps in U.S. homes by 2030, from 4.7 million to 20 million. Heat pumps use little electricity, yet are able to heat and cool buildings. Buildings account for more than 30% of global greenhouse gas emissions. The pledge on heat pumps is a collection of state initiatives to work toward the goal of ramping down emissions to zero by 2050. Alliance governors have pledged to collectively reduce their greenhouse gas emissions by at least 26% by 2025 and at least 50% by 2030, compared to 2005 emission levels.

Persons: Biden, Washington Governor Jay Inslee, Stephen Porder, Amanda Smith, we've, Janet Mills, Ali Zaidi Zaidi, Kathy Hochul, Alexandra Rempel Organizations: U.S . Climate Alliance, Washington Governor, Brown University, U.S, Heat, International Energy Agency, New, University of Oregon Locations: Brooklyn, New York City, U.S, Pennsylvania, Providence , Rhode Island, Maine, Washington , New York, California, Paris

☆ Ford avoids Canadian auto strike with Unifor union deal
▼ + stars: | 2023-09-20 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Lana Payne speaks to delegates after being elected as president of UNIFOR, Canada's largest private sector union, at the Metro Toronto Convention Centre on Aug. 10, 2022. The Canadian tentative agreement was reached on day five of the United Auto Workers union initiating targeted strikes against Ford and its crosstown rivals General Motors and Chrysler-parent Stellantis . DETROIT – Ford Motor avoided having to face labor strikes on both sides of the U.S.-Canada border Tuesday night, as the automaker and Canadian union Unifor announced a tentative deal covering 5,600 autoworkers in the country's Ontario providence. Unifor, which represents 18,000 Canadian workers at the Detroit automakers, took a more traditional approach to its negotiations than its U.S. counterpart did. The Canadian union picked Ford as its "target" company instead of following the UAW's new strategy of bargaining with all three automakers.

Persons: Lana Payne, UNIFOR, Unifor, Ford, Shawn Fain Organizations: Metro Toronto Convention, Plant, Ford Edge, Lincoln Nautilus, Ford, United Auto Workers, General Motors, Chrysler, Detroit, Ford Motor, U.S ., Detroit automakers, U.S, GM, UAW Locations: Oakville, Unifor, DETROIT, U.S, Canada, Ontario, autoworkers, Wentzville , Missouri, Wayne , Michigan, Toledo , Ohio

(AP) — Hurricane Lee looks poised to wallop New England later this week even as the region still deals with the impact of days of wild weather that produced torrential rain, flooding, sinkholes and a likely tornado. Areas from Watch Hill, Rhode Island, to Stonington, Maine — including Block Island, Martha’s Vineyard and Nantucket — are under a tropical storm watch. The National Weather Service in Boston said radar data and videos showed it was likely that a tornado damaged trees and power lines in Rhode Island and Connecticut on Wednesday. Heavy rain turned his swimming pool into a mud pit and filled his basement with 3 feet (91 centimeters) of water. In Providence, Rhode Island, downpours flooded a parking lot and parts of a shopping mall.

Persons: Hurricane Lee, Dan McKee, “, ” McKee, Sean Pope, ”, Maura Healey, Matthew Belk, Healey, Hurricane Lee didn’t, Dean Mazzarella, Mazarella Organizations: U.S ., National Hurricane Center, Cape, National Weather Service, Rhode, Gov, Massachusetts Gov, Firefighters Locations: LEOMINSTER, Mass, Hurricane, wallop New England, Stonington , Maine, U.S, Watch Hill, Rhode Island, Nantucket, Massachusetts, Rhode, Boston, Rhode Island and Connecticut, Lincoln , Rhode Island, Attleborough , Massachusetts, Leominster , Massachusetts, Providence , Rhode Island, Leominster, Danbury , Connecticut, Nova Scotia, Canada, England, Vermont

But he’s hoping that they will give senators some realistic direction as he tries to do what Congress hasn't done for many years — pass meaningful regulation of the tech industry. “It’s going to be a fascinating group because they have different points of view,” Schumer said in an interview with The Associated Press ahead of the forum. Many members of Congress agree that legislation will probably be needed in response to the quick escalation of artificial intelligence tools in government, business and daily life. In the United States, most major tech companies have expressed support for AI regulations, though they don’t necessarily agree on what that means. Blumenthal’s framework calls for a new “licensing regime” that would require tech companies to seek licenses for high-risk AI systems.

Persons: Chuck Schumer, Meta’s Mark Zuckerberg, Elon Musk, Bill Gates, Schumer, Republican Sen, Mike Rounds, “ It’s, ” Schumer, ” Rounds, “, ”, Mark Warner, Democratic Sen, Martin Heinrich of, Todd Young, Indiana —, Sam Altman, Forrester, Sen, Young, ” Young, “ We’ve, Dana Rao, We’ve, Richard Blumenthal, Conn, Josh Hawley, ” Blumenthal, ___ O'Brien, Ali Swenson, Kelvin Chan Organizations: WASHINGTON, Capitol, Microsoft, Republican, Associated Press, AP, Democratic, European Union, Adobe Locations: South Dakota, Martin Heinrich of New Mexico, Indiana, U.S, United States, Europe, Josh Hawley of Missouri, Providence , Rhode Island, New York, London

DES MOINES, Iowa (AP) — The cost of building an artificial intelligence product like ChatGPT can be hard to measure. To keep it cool on hot days, data centers need to pump in water — often to a cooling tower outside its warehouse-sized buildings. The estimate includes indirect water usage that the companies don’t measure — such as to cool power plants that supply the data centers with electricity. It was also thirsty in Iowa, drawing more potable water to its Council Bluffs data centers than anywhere else. Its fourth and fifth data centers are due to open there later this year.

Persons: “, OpenAI, ”, Shaolei Ren, ChatGPT, ” Ren, you’re, Ren, Steve Gaer, Gaer, Brad Smith, ” Smith, —, O'Brien Organizations: DES, Microsoft, Google, University of California, Las, Associated Press, workloads, supercomputing, West, West Des Moines Water Works Locations: DES MOINES, Iowa, Des Moines, Riverside, Oregon, Las Vegas, San Francisco, West Des Moines , Iowa, California, West Des Moines, Arizona, West Des, Providence , Rhode Island

☆ How much is Hulu worth? As Disney gears up to buy Comcast's share of the streamer, analysts say Bob Iger may have to pay a hefty price.
▼ + stars: | 2023-09-05 | by ( James Faris | ) www.businessinsider.com time to read: +10 min

When it comes to Hulu, value is in the eye of the holder. However, Comcast claims Hulu is worth double what Disney is saying, according to Bloomberg — even in a tough media environment. "It's what would a willing buyer in a robust auction pay," Roberts said of Hulu's valuation at a MoffettNathanson conference in May. Another way to value Hulu is by comparing its EV-to-subscriber ratio with that of Netflix. By buying all of Hulu, Disney can position itself for the next big trend in media, Noell said.

Persons: Bob Iger, Bloomberg —, Peacock, Brian Roberts, Roberts, financials, maven, Hulu, Tim Nollen, Netflix's, Nollen, Iger, Matthew Thornton, who's bullish, Barton Crockett, Crockett, Brandon Nispel, Nispel, Jason Bazinet, Bazinet, Davis Noell, Noell Organizations: Disney, Comcast, Hulu, Bloomberg, Wall Street, Macquarie, Netflix, Rosenblatt Securities, Citigroup, Star Wars, Marvel, Providence Equity Partners Locations: Hulu

At least four people were dead, including a gunman, and six others were injured after a man believed to have been a retired law enforcement officer opened fire at a popular biker bar in Southern California on Wednesday evening as a crowd gathered for a rock music show and spaghetti night, the authorities said. The shooting occurred at about 7 p.m. at Cook’s Corner, a bar in Trabuco Canyon, a rural community in eastern Orange County, Jeff Hallock, undersheriff at the Orange County Sheriff’s Department, said. The injured were taken to Providence Mission Hospital in Mission Viejo, Calif. Two of the patients were in critical condition, and four were in stable condition, the hospital said. Undersheriff Hallock said the shooting erupted in front of as many as 40 people. He called the incident “an absolute tragic event.”

Persons: Jeff Hallock, undersheriff, Undersheriff Hallock, ” Organizations: Orange County Sheriff’s Department, Providence Mission Hospital Locations: Southern California, Trabuco, Orange County, Orange, Providence, Mission Viejo, Calif

☆ Exclusive: Deputy Treasury chief Adeyemo says US well-prepared to weather China headwinds
▼ + stars: | 2023-08-24 | by ( David Lawder | ) www.reuters.com time to read: +2 min

Adeyemo told Reuters during a visit to the Chickahominy Tribe in southeastern Virginia that the Treasury is closely monitoring economic developments in China, where growth is faltering amid a worsening property slump, weak consumer spending and tumbling credit growth. "You're seeing the Chinese economy demonstrate weakness that has global implications. Because of the decisions we've made, we're probably best prepared to deal with the headwinds that this has created," Adeyemo said, referring to the United States. These investments will help the U.S. economy overcome the headwinds created by slower growth and demand in China, the world's second-largest economy, he said. "We're going to continue to monitor what's happening there, but our goal really is to make sure that we take the steps here to make sure the American economy can grow despite the headwinds," Adeyemo said.

Persons: Wally Adeyemo, Adeyemo, we've, we're, David Lawder, Jonathan Oatis Organizations: ., Reuters, Treasury, COVID, U.S, Thomson Locations: PROVIDENCE FORGE , Virginia, U.S, Chickahominy, Virginia, China, United States, Asia, Beijing

☆ Man walked into a Southern California bar and shot his soon-to-be ex-wife and several others, killing 3 and injuring 6, authorities say
▼ + stars: | 2023-08-23 | by ( Jamiel Lynch Taylor Romine Josh Campbell Cheri Mossburg | Jamiel Lynch | Taylor Romine | ) edition.cnn.com time to read: +6 min

After opening fire inside the bar, Snowling retreated to a back parking lot area and began to retrieve two more guns, Barnes said. Established in 1884, Cook’s Corner bills itself as one of the oldest and most famous biker bars in Southern California, hosting regular specials and open mic nights. Cook's Corner bar is seen in an image taken prior to the night of the shooting. “We are Saddened by the news from Cooks Corner,” the band posted on its Facebook page overnight. “Our thoughts, prayers & condolences go out to everyone in the Cooks Corner community.”“We’ve experienced major earthquakes, forest fires, floods, recessions and other disasters,” the Cook’s Corner website reads.

Persons: John Snowling, Don Barnes, Snowling, Barnes, sheriff’s, “, Jeff Hallock, Tonya Clark, Glen Sprowl Jr, John Leehey, Tetsuya Takeuchi, Snowling’s, Takeuchi, isn’t, Etienne Laurent, Shutterstock Snowling, ” Jonathan Div, ” “, Katrina Foley, Gavin Newsom, ” Newsom, ” Barnes, Todd Spitzer, ”, “ We’ve Organizations: CNN, Orange County Sheriff, Twitter, Providence Mission Hospital, Authorities, Ventura Police Department, Sheriff’s Department, Company Locations: Southern California, Orange, Orange County, Scottsdale , Arizona, Stanton , California, Irvine , California, Los Angeles, Providence, Ohio, Camarillo , California, Camarillo, California, America, Clearwater

☆ Media and entertainment companies are finding more investment from the Middle East, but it can come with controversy. Here are 11 of the most notable deals.
▼ + stars: | 2023-08-22 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

Insider broke down 11 top media companies with Middle Eastern backing or partnerships. Middle Eastern investment has poured into US media and entertainment, and US media companies have been eager recipients. Here's a rundown of 11 key Western media and entertainment companies, listed alphabetically, that have licensing and investment partnerships with Middle Eastern entities. Jimmy Finkelstein's news startup The Messenger has Middle Eastern funding via its acquisition of IMI-backed startup Grid, which is now shuttered. The North Road, Peter Chernin and Providence Equity's production roll-up, took a $150 million investment in January from the Qatar Investment Authority, Qatar's main investment vehicle, to support its expansion.

Persons: Peter Chernin, Jeff Zucker, Uber, Jamal Khashoggi's, Saudi Crown Prince Mohammed bin Salman, —, hasn't, Mohammed bin Salman, SRMG, Abu, Abu Dhabi's, Jimmy Finkelstein's, BeIn, Stone, Ian Orefice, WBD Organizations: Providence, North, IMI, ex, CNN, Public Investment Fund, Blackstone, Washington Post, Saudi Crown, Saudi, Guardian, Media, Bloomberg Media, Saudi Research, Media Group, Media Investments, CNN Business, Abu Dhabi Media Investment Corporation, Sky News Arabia, Business, Independent, SRMG, Miramax, BeIn, Paramount, Qatar Investment Authority, Penske Media Corporation, Billboard, Variety, Penske, Vox Media, New York, Billboard Arabia, RedBird Capital, Mideast, MBC Group, MBC, Fortress Investment Group, Investment, Warner Bros Locations: Saudi Arabia, Qatar, UAE, West, Saudi, Abu Dhabi, ViacomCBS, SRMG

☆ At Mrs. Roper Romps, the Caftan Is Queen
▼ + stars: | 2023-08-22 | by ( Erik Piepenburg | ) www.nytimes.com time to read: +1 min

“The way that she is constantly needling Mr. Roper is a takedown of the patriarchy,” Baume said in a phone interview. The ladies got tipsy on the Oh, Stanley, a special cocktail of white rum and grenadine named for one of Mrs. Roper’s frequent hubby-shaming chastisements. Nancy Rafi, a 65-year-old retired event planner who co-organized the Romp, said she wasn’t surprised tickets sold out quickly. For many women of her generation, she said, Mrs. Roper was “a feminist icon.”“I loved Suzanne Somers and Joyce DeWitt,” said Rafi, who is also a practicing witch. “But they were very vanilla to me.” Mrs. Roper, she said, “was a firecracker.”

Persons: Mr, Roper, ” Baume, “, Stanley, Roper’s, Nancy Rafi, wasn’t, Suzanne Somers, Joyce DeWitt, ”, Rafi, Mrs Locations: Providence, perm

☆ British Columbia residents on high alert as wildfires force state of emergency
▼ + stars: | 2023-08-19 | by ( Chris Helgren | ) www.reuters.com time to read: +3 min

REUTERS/Pat Kane Acquire Licensing RightsCompanies City of Yellowknife FollowKELOWNA, British Columbia, Aug 19 (Reuters) - Thousands of British Columbia residents were on high evacuation alert on Saturday after rapidly intensifying wildfires forced the western Canadian province to declare a state of emergency. By Friday, an out-of-control fire in southern British Columbia grew more than hundredfold in 24 hours and forced more than 2,400 properties to be evacuated. "This is an historic wildfire season for British Columbia," Eby told a briefing. "The state of emergency declaration ... communicates to people across the province the seriousness of the deteriorating situation," Eby said. The escalation in British Columbia comes as the northern Canadian city of Yellowknife evacuated most of its roughly 20,000 residents due to a large approaching blaze.

Persons: Pat Kane, Daniel Eby, Eby, Ismail Shakil, Denny Thomas, Kim Coghill Organizations: REUTERS, British Columbia, Northwest Territories, Thomson Locations: Yellowknife, Fort Providence, Northwest Territories, Canada, City, KELOWNA , British Columbia, British Columbia, Canadian, Kelowna, Vancouver, British, West Kelowna, New York, Northwest, Ottawa

☆ New England Storms May Bring Flash Floods and Tornadoes
▼ + stars: | 2023-08-18 | by ( Jenny Gross | More About Jenny Gross | ) www.nytimes.com time to read: 1 min

Parts of Massachusetts, including Boston, were under flash flood warnings on Friday morning, the National Weather Service said, as thunderstorms swept across the eastern portion of the state. The Weather Service in Providence, R.I., said that a thunderstorm was possible until 1 p.m., and that some of the storms could bring heavy rain. Just after sunrise on Friday, a line of thunderstorms strengthened over parts of New England and probably caused tornadoes. A tornado warning was in effect for parts of Massachusetts until 10:45 a.m., the Weather Service said.

Organizations: National Weather Service, Weather Service Locations: Massachusetts, Boston, Providence, R.I, New England

☆ India's 'tail of woes' continues unabated in West Indies
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +2 min

Hardik Pandya's team suffered their second successive defeat in the five-match series against West Indies and the loss also highlighted the lack of batting firepower in their lower order. India's decision to pick specialist bowlers, who can hardly bat, effectively left them with four number 11 batters in both matches. "The West Indies have highlighted one of the issues that India have in white ball cricket. You don't need batters down at 9/10 but they must have the ability to hit boundaries." "We have to find ways to make sure we have the right balance but at the same time batters need to take more responsibility."

Persons: Pandya, Jason Cairnduff, Hardik, Harsha Bhogle, Akeal, Alzarri Joseph milked, Amlan Chakraborty, Lincoln Organizations: Old Trafford Cricket, United, West Indies, Providence, Thomson Locations: England, India, Old Trafford, Manchester, Britain, West Indies, United States, New Delhi

☆ Pooran powers West Indies to 2-0 lead over India in T20 series
▼ + stars: | 2023-08-06 | by ( ) www.reuters.com time to read: +1 min

Aug 6 (Reuters) - Nicholas Pooran's 67 off 40 balls helped the West Indies clinch a two-wicket victory over India in the second Twenty20 international in Providence on Sunday to take a 2-0 lead in the five-match series. India, who opted to bat, had Tilak Varma's 51 to thank for taking them past the 150 mark, with captain Hardik Pandya (24) and opener Ishan Kishan (27) also contributing to the total. Three bowlers were instrumental in restricting India to an inadequate 152-7, with Akeal Hosein, Alzarri Joseph and Romario Shepherd taking two wickets apiece. West Indies fumbled early in their innings, but Pooran anchored their chase with a big-hitting knock before being dismissed by Mukesh Kumar. I felt like it was a decent wicket and we are accustomed to get such wickets here.

Persons: Nicholas Pooran's, Tilak, Hardik Pandya, Ishan Kishan, Akeal Hosein, Alzarri Joseph, Romario Shepherd, Pandya, Pooran, Mukesh Kumar, I'm, enders Hosein, Joseph, Aadi Nair, Pritha Sarkar Organizations: West Indies, Thomson Locations: India, Providence, West Indies, Bengaluru

Media and entertainment deal-making has slowed, but private equity players are still betting big on the space. Middle Eastern sources are still providing funding to media, which could fuel deals in the months ahead. Media deal volume has actually increased, just not as fast; PwC recorded media deals rose 3% (to 326) in the six months through May, down from a 7% increase in the previous six months. And beyond private equity, legacy players could shed properties they consider non-core: Paramount is trying to offload BET while Warner Bros. Insider's list of top private equity players in media and entertainment highlights 17 firms, from heavy hitters to smaller upstarts, based on our reporting and conversations with investors and insiders.

Persons: PwC, Hollywood —, Ryan, Morgan Stanley, Sherrese Clarke Soares Organizations: Media, Hollywood, RedBird Capital Partners, NFL, Company, Qatar Investment Authority, Yahoo, ESPN, Paramount, BET, Warner Bros, Discovery, Equity Partners Locations: Providence, BlackRock

☆ The top 19 metro areas where real-estate demand is heating up, signaling home-value increases — and 20 where it's slowing the most — according to Redfin
▼ + stars: | 2023-07-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

A second metric the firm uses is the difference in weighted compete score, which measures the direction the market is trending in. It's based on a year-over-year change in the overall compete score. A good way to look at the data is by considering both the overall score and the changing score. Marr says investors should pay more attention to the difference in the compete score, and specifically, areas that are facing steep increases versus declines. Below is a list of June's year-over-year difference in weighted compete score listed from lowest to highest positive change and the overall weighted compete score.

Persons: Taylor Marr, Marr, it's Organizations: MLS, Boston Locations: East, Redfin, It's, Lake County , Illinois, Chicago, Austin, Nashville, Las Vegas, Phoenix, Montgomery County, Columbus, Baltimore, Elgin, IL, Louis, Camden, NJ, Akron, York, NY, Providence, RI, Madison, WI, Haven, Newark , NJ, Bridgeport, County, Hartford, Milwaukee, Cincinnati

☆ Exclusive: Live events group Superstruct readied for sale – sources
▼ + stars: | 2023-07-12 | by ( Amy-Jo Crowley | ) www.reuters.com time to read: +2 min

Providence carried Superstruct through the COVID-19 pandemic when concerts and other public events came to a sudden halt, heavily impacting the company’s revenue and earnings. It has since grown by swallowing up festivals across Europe and Australia, and now operates 80 large-scale festivals and 200 smaller events. The rebound in live music and festivals following the end of lockdowns has also encouraged investment in the sector. Private equity owner Silver Lake is advancing towards a sale of Australian live events and ticketing group TEG, which could be worth A$2 billion dollars, according to people with knowledge of the matter. The sale of TEG could serve as a yardstick for putting a price on Superstruct, as well as gauging buyer interest, one of them added.

Persons: Superstruct, James Barton, Silver, TEG, Amy, Jo Crowley, Jan Harvey Organizations: Superstruct Entertainment, Providence, Live Nation, Thomson Locations: Superstruct, Providence, Europe, Australia, lockdowns

☆ More Than Five Days Later, Fatal Cargo Ship Fire Is Out
▼ + stars: | 2023-07-11 | by ( Patrick Mcgeehan | More About Patrick Mcgeehan | ) www.nytimes.com time to read: +1 min

Firefighters and other responders had been working to suppress the fire since Wednesday night, pumping water from Newark Bay onto the towering ship and its load of 1,200 vehicles. The persistence of the fire led to speculation that some of the cars on board were electric vehicles with lithium ion batteries. But Beth Rooney, the port director, said that the ship’s manifest indicated that there were no electric vehicles on it. She said that the ship had carried new electric vehicles to Baltimore before arriving in Newark, where it took on a load of “previously owned vehicles” bound for West Africa. Two Newark firefighters, Augusto Acabou, 45, and Wayne Brooks Jr., 49, died trying to knock the blaze down.

Persons: Beth Rooney, Rooney, Augusto Acabou, Wayne Brooks Jr Organizations: Newark Locations: Newark Bay, Baltimore, Newark, West Africa, Providence, R.I

☆ 11 U.S. cities where rent has fallen the most—a pandemic migration hot spot is No. 1
▼ + stars: | 2023-07-11 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

Median rent prices in these cities dropped by 0.5% in the last year, according to an analysis by Realtor.com. For renters, the decrease is a much-needed break after rent prices soared by nearly 25% from 2020 through most of 2021. This, alongside a growing number of newly constructed apartments, has likely driven down rent prices, the study says. At the same time, rent costs have steadily risen in many major Midwest and Northeast cities. In Columbus, Ohio, rent prices grew by 9.3% — the highest increase of all cities.

Persons: Warren Buffett Organizations: Riverside, San Bernardino -, Austin, Dallas, Fort Locations: Austin, Las Vegas, Phoenix, Vegas, San Bernardino, San Bernardino - Ontario, California, Georgetown , Texas, Francisco Bay, Tampa, St, Petersburg, Clearwater , Florida, Fort Worth - Arlington , Texas, Charlotte, North Carolina, Sacramento , California, Atlanta, Denver, Midwest, Northeast, Columbus , Ohio, New York City, Pittsburgh, Boston, Buffalo , New York, Hartford , Connecticut, New Orleans, Providence , Rhode Island, Rochester , New York

☆ 5 US cities seeing the biggest home price gains and the 5 suffering the steepest declines as some pockets of the market become red-hot again, according to Redfin data
▼ + stars: | 2023-07-02 | by ( William Edwards | ) www.businessinsider.com time to read: +2 min

US home prices are now down only 0.9% from this time last year, Redfin reports. The housing market continues its momentum, with home prices up every month since February. After falling 5% between June 2022 and January 2023, home price are now down just 0.9% year-over-year, according to Redfin data published Thursday. "Home-price declines are shrinking," said Dana Anderson, a data journalist at Redfin, in the report. Below, we've listed the five cities that have seen the biggest year-over-year price growth, as well as the five cities that have seen the steepest declines, according to Redfin.

Persons: Dana Anderson Organizations: Cincinnati, NSA Locations: Providence , Milwaukee, Miami, Fort Lauderdale, Redfin, U.S

☆ Cleveland has become an unlikely hotspot for millennials in search of affordability
▼ + stars: | 2023-06-29 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +4 min

With income growth outpacing rent there, these 27 to 42 year-olds have more disposable income. In order to come up with the ranking, the BofA Institute used home address data from 46 million of adults who've been customers of the bank since 2018. Cleveland residents now pay just over 17% of their income on rent, while the average American pays 20%. Pittsburgh income growth exceeded rents by 1%. Indeed, the BofA Institute found that millennials are by-and-large staying out of the housing market this cycle, but still are window shopping for the future.

Persons: —, millennials, Anna Zhou, Zhou, Clever, they're, homebuyers Organizations: Service, Bank of America Institute . Austin, BofA Institute, Bureau of Labor Statistics Locations: Tampa, Dallas, Cleveland, Tampa , Florida, Bank of America Institute . Austin , Texas, Midwest, Columbus , Ohio, Cleveland Cleveland, Providence , Rhode Island, Buffalo , New York, Pittsburgh

☆ Stocks making the biggest premarket moves: Joby, Micron, Wells Fargo, Freyr Battery and more
▼ + stars: | 2023-06-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading. Joby Aviation — Joby shares gained another 17% premarket. The aviation company announced a $100 million equity investment from South Korea's SK Telecom, expanding an existing partnership. Wells Fargo , JPMorgan Chase , Bank of America — The banks moved higher after passing the Federal Reserve's annual stress test Wednesday. Wells Fargo and Bank of America gained nearly 2%, while JPMorgan rose 1.6%.

Persons: Wells, Charles Schwab —, Morgan Stanley, Adam Jonas, Berkshire Hathaway, Overstock, Richard, —, Macheel, Jesse Pound, Sarah Min, Michael Bloom, Brian Evans Organizations: Aviation, New York Stock Exchange, Joby, South Korea's SK Telecom, Micron Technology, Micron, JPMorgan Chase, Bank of America, Federal, JPMorgan, Citizens, Providence, Occidental Petroleum —, Petroleum, Berkshire, Warren Buffett, Virgin Galactic —, Virgin Galactic Locations: New York, South, Wells Fargo, Providence , Rhode Island, Wednesday's, Virgin

☆ A Reuters journalist explores his ancestors’ ties to slavery
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +38 min

It took me a few minutes of research to figure out why I was losing track of the descendants of the people George Julian enslaved. If the racial cleansing of Forsyth County was mentioned, I didn’t notice. Still hopeful that I might be able to somehow identify and locate living descendants of the people my family enslaved, I flew to Georgia last November. Her father was also a butler for a wealthy white family, her mother a cook. In 1860, Osby’s ancestors were enslaved and working the fields of Forsyth County.

Persons: Julian, Abijah’s, George Julian, George, ”, Adaline, –, Abijah, Dick, Lott, Aggy, Henry, Lewis, Ellick, Jim, Josiah, Reuben, Woodrow Wilson, Rob Edwards, Black, Oprah Winfrey, Forsyth, “, Cumming, who’d, Abijah Julian, ” Gov, Joseph Mackey Brown, ‘ Dick, I’d, Grandma Horseyfeather, Brice gesturing, ” I’d, Grandma Horseyfeather’s, – I’ve, “ Lott, Abijah Julian’s, Richard Julian, Charlotte Julian, Richard, Charlotte, George Julian’s, She’d, “ I’m, That’s, Martin Luther King, wasn’t, Sophia Dodd, Dodd, Elon Osby, – Dodd, Osby, Bailey, George H, Julian ” –, – “, ” Osby, ” Dodd, Ida Julian ., Ida Julian’s, Ida ., Ida hadn’t, Ida Julian, Bagley, Willie M, Willie Mae Bagley, Willie Mae Butts, Elon Butts Osby, Osby’s, ’, Elon Osby’s, Ida Bagley, William Bagley, Adaline Julian, Richard Julian –, Abijah Julian –, she’d, we’ve, you’ve, ELON, crunched underfoot, could’ve, Abijah John Julian ”, Webster, I’ve, weren’t, “ We’re, – we’re, …, Horseyfeather, gesturing, “ You’re, Tom Lasseter, Corinne Perkins, Wong, Jeremy Schultz, Catherine Tai Design, John Emerson, Blake Morrison Organizations: ., Reuters, ”, Black, Charlotte, Toyota, Atlanta History, Elon, Lockheed, Tiffany, Atlanta Housing Authority, Task Force, Mazda, American Legion, United, Confederacy Locations: Forsyth, Negros, negros, Virginia, . Civil, Georgia, Cumming, U.S, Forsyth ., Dawson, Atlanta, Tulsa , Oklahoma, Jefferson County , Georgia, Forsyth County, Charlotte, Thai, Macedonia, Buckhead, Bagley, America, Fulton County, Fulton, Bagley Park, Iraq, Afghanistan, Osby, England, Juneteenth, Brooks County

☆ 'I'm still cool': US World Cup squad bridges generational divide
▼ + stars: | 2023-06-27 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

[1/4] Jun 23, 2023; Portland, Oregon, USA; Portland Thorns FC forward Sophia Smith (9) celebrates a goal in the second half against the Washington Spirit at Providence Park. Building chemistry on a World Cup squad is no easy feat, as players who once regarded one another as club foes must bond as team mates in a span of a few weeks, forming a cohesive unit. Veteran forward Megan Rapinoe turns 38 next month and finds herself on the same squad as 18-year-old Alyssa Thompson. Thompson and 21-year-old forward Trinity Rodman count retired great Carli Lloyd's goal from half-field the 2015 World Cup final as a pivotal memory from their childhood. Five of their team mates this year were on the team with Lloyd when it happened.

Persons: Sophia Smith, Craig Mitchelldyer, Smith, ribbing, Tupac, Vlatko Andonovski, Megan Rapinoe, Alyssa Thompson, Thompson, Trinity Rodman, Carli Lloyd's, Lloyd, Crystal Dunn, Marcel, Dunn, Amy Tennery, Lincoln Organizations: Portland Thorns FC, Washington Spirit, Providence, U.S, United States, Thomson Locations: Portland , Oregon, USA, Australia, New Zealand, U.S, Los Angeles

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