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☆ These are the 10 most expensive metro areas in the U.S. for renters—4 of them are in California
▼ + stars: | 2023-06-19 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

The New York City tri-state area ranked as the most expensive on the list. While the average rent in Newark is $1,850 and $2,500 in Jersey City, in New York City it is $3,610, according to Zillow's rental manager. The metro area of New York City, N.Y., Newark, Jersey City, N.J ranked as the most expensive for renters. 2 on the list is the Miami, Fort Lauderdale and Pompano Beach, Florida metro area. The Oxnard, Thousand Oaks and Ventura area in California ranked third on the list.

Persons: Payscale, Alexander Spatari, John Elk Iii Organizations: New, Urban, Washington D.C, The New York City, Thousand Oaks, Bank, Getty Locations: New York City, N.Y, Newark, Jersey City, N.J, Miami, Fort Lauderdale, Pompano Beach, Fla, Oxnard, Thousand Oaks, Ventura, Calif, San Diego, Chula Vista, Carlsbad, Urban Honolulu, Hawaii Los Angeles, Long Beach , Anaheim, Napa , Calif, Naples, Marco Island, Washington, Arlington, Alexandria, Virg . Bridgeport , Stamford , Norwalk, Conn, Pompano Beach , Florida, Florida, California

☆ Trump lawyer who quit classified documents case withdraws from $475 million CNN defamation suit
▼ + stars: | 2023-06-16 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

An attorney who quit the team defending Donald Trump in the criminal classified documents case said Friday he would no longer represent the former president in a separate defamation lawsuit against CNN. The lawyer, Jim Trusty, said in a court filing that his request to withdraw from the $475 million civil suit "is based upon irreconcilable differences" with Trump. Lindsey Halligan, Trump's remaining attorney in the defamation case, referred CNBC to the former president's spokesman Steven Cheung, who said that the defamation suit is "entering a new phase as more irrefutable facts are revealed." They bear little resemblance to Trump's civil defamation suit against CNN, which was filed in October. The outlet noted that Trump's lawsuit hinges on just five CNN pieces.

Persons: James, Donald Trump, Jim, Lindsey Halligan, Trump's, Steven Cheung, Cheung, John Rowley, Rowley, Trump, Jack Smith, Adolf Hitler, Joe Biden's, Mein, Hitler Organizations: CNN, Trump, CNBC, Capitol, Department of Justice, Republican Locations: Washington ,, Fort Lauderdale , Florida, Miami

☆ How to Find a Real Estate Agent
▼ + stars: | 2023-06-14 | by ( Aly J. Yale | ) www.wsj.com time to read: +15 min

According to the Association of Real Estate License Law Officials, more than three million people hold active real estate licenses in the U.S. That’s a lot of people with a range of experience and expertise. That’d be “knowledge,” says Philip Hordijk, founder of real-estate brokerage Leven Real Estate. A note of caution: Think hard before choosing a friend or family member to help with a real estate transaction. Search online directories—with careThere are plenty of third-party real estate sites that offer agent directories, too, including Realtor.com and Zillow. Real-estate broker vs. agentThere is also a differentiation between a real-estate agent and a real-estate broker.

Persons: Aly J, ”, Jonathan Rundlett, “, Philip Hordijk, Kimberly Jay, I’m, ” Jay, Jeremy Kamm, ” Kamm, —, Jesse Sheldon, don’t, ” Hordijk, Christian Ross, Völkers, Desiree Avila, Charles Rutenberg, Johnny, you’re, ” Ross, Bret Weinstein, ” You’ll, you’ve, Sellers, Hordijk Organizations: Yale, Association of Real, License, National Association of Realtors, Compass, Real, Engel, Exxon Mobil, Houston Association of Realtors, NAR, News Corp, Street, Realtors Locations: U.S, Leven Real Estate, New York, New York City, Seattle, Fort Lauderdale, Avila, Houston, Denver, In Texas

☆ 51 US cities expected to see the highest home price increases and 5 at risk of falling in the next 12 months — plus where mortgage rates could be by year-end — according to a housing economist
▼ + stars: | 2023-06-11 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

Areas that saw price declines during the pandemic are expected to make a comeback. Metropolitan areas including Anaheim, Seattle, and Sacramento top the list. In April, prices for single-family homes rose by 2% year-over-year and 1.2% from the previous month, according to CoreLogic's Home Price Index. Below is a list of 51 metropolitan areas expected to see the most home prices increase in the next 12 months, beginning from the highest to the lowest. The CoreLogic HPIFinally, while mortgage rates can be difficult to predict, Hepp believes we have likely peaked for the year.

Persons: Selma, it's, Selma Hepp, Hepp, Louis Organizations: CoreLogic, Irvine CA Metropolitan, Everett WA Metropolitan Division, Arcade, Statistical, Oakland, Berkeley CA Metropolitan, Metropolitan Statistical, Riverside, Jacksonville FL, Vegas, Paradise, Clearwater FL, Newark, Sanford FL, Angeles, Glendale CA Metropolitan, Palm Beach, Boca Raton, Delray Beach FL, Cambridge, Suffolk County NY Metropolitan, Towson, Metropolitan, Fort Lauderdale, Boston, Scottsdale, Scottsdale AZ Metropolitan Statistical, Miami, Kendall FL Metropolitan, Alexandria DC, Bloomington, Franklin TN Metropolitan, Virginia, Newport News, Livonia MI, Gastonia NC, SC Metropolitan, West Allis WI Metropolitan, Philadelphia PA Metropolitan, Kansas City, KS Metropolitan, Providence, Richmond VA Metropolitan, Cincinnati, Pittsburgh PA, Oklahoma City, Cleveland, Elyria, NJ, Columbus OH, Houston, Indianapolis, Arlington TX Metropolitan, Dallas, Irving TX Metropolitan Locations: Selma Hepp, Anaheim, Seattle, Sacramento, West Coast, Metropolitan, Santa Ana, Irvine, Bellevue, Roseville, Hayward, Berkeley, Portland, Vancouver, Hillsboro, San Bernardino, Ontario, Diego, Carlsbad CA, Denver, Aurora, Lakewood, Henderson, Tampa, St, Petersburg, Clearwater, Newark NJ, Orlando, Kissimmee, Sanford, Long, Glendale CA, Palm, Delray Beach, Newton, Framingham, Nassau County, Suffolk, Baltimore, Columbia, Pompano Beach, Deerfield Beach FL, Mesa, Scottsdale AZ, Miami, Kendall, Montgomery County, Bucks County, Chester County, Washington, Arlington, Alexandria, Sandy Springs, Roswell, Minneapolis, Paul, WI, Murfreesboro, Virginia Beach, Norfolk, Detroit, Dearborn, Livonia, Charlotte, Concord, Gastonia, Milwaukee, Waukesha, Warwick, Chicago, Naperville, Arlington Heights IL, Troy, Farmington Hills MI, Antonio, New Braunfels TX, York, Jersey, White Plains, Carmel, Worth, Plano

☆ 51 US cities expected to see the highest home-price increases and 5 at risk of falling in the next 12 months — plus where mortgage rates could be by year-end — according to a housing economist
▼ + stars: | 2023-06-11 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

The economist Selma Hepp says home prices in some areas are rising because of limited inventory. The US housing market started off on a solid footing this year as home prices rose. In April, prices for single-family homes rose by 2% year-over-year and 1.2% from the previous month, according to CoreLogic's Home Price Index. Below is a list of 51 metropolitan areas expected to see the most home-price increases in the next 12 months, from the highest to the lowest. The CoreLogic HPIFinally, while mortgage rates can be difficult to predict, Hepp said that we had likely peaked for the year.

Persons: Selma Hepp, it's, Hepp, CoreLogic's, Louis, CoreLogic Organizations: Irvine CA Metropolitan, Everett WA Metropolitan Division, Arcade, Statistical, Oakland, Berkeley CA Metropolitan, Metropolitan Statistical, Riverside, Jacksonville FL, Vegas, Paradise, Clearwater FL, Newark, Sanford FL, Angeles, Glendale CA Metropolitan, Palm Beach, Boca Raton, Delray Beach FL, Cambridge, Suffolk County NY Metropolitan, Towson, Metropolitan, Fort Lauderdale, Boston, Scottsdale, Scottsdale AZ Metropolitan Statistical, Miami, Kendall FL Metropolitan, Alexandria DC, Bloomington, Franklin TN Metropolitan, Virginia, Newport News, Livonia MI, Gastonia NC, SC Metropolitan, West Allis WI Metropolitan, Philadelphia PA Metropolitan, Kansas City, KS Metropolitan, Providence, Richmond VA Metropolitan, Cincinnati, Pittsburgh PA, Oklahoma City, Cleveland, Elyria, NJ, Columbus OH, Houston, Indianapolis, Arlington TX Metropolitan, Dallas, Irving TX Metropolitan Locations: Anaheim , California, Seattle, Sacramento , California, West Coast, Metropolitan, Anaheim, Santa Ana, Irvine, Bellevue, Sacramento, Roseville, Hayward, Berkeley, Portland, Vancouver, Hillsboro, San Bernardino, Ontario, Diego, Carlsbad CA, Denver, Aurora, Lakewood, Henderson, Tampa, St, Petersburg, Clearwater, Newark NJ, Orlando, Kissimmee, Sanford, Long, Glendale CA, Palm, Delray Beach, Newton, Framingham, Nassau County, Suffolk, Baltimore, Columbia, Pompano Beach, Deerfield Beach FL, Mesa, Scottsdale AZ, Miami, Kendall, Montgomery County, Bucks County, Chester County, Washington, Arlington, Alexandria, Sandy Springs, Roswell, Minneapolis, Paul, WI, Murfreesboro, Virginia Beach, Norfolk, Detroit, Dearborn, Livonia, Charlotte, Concord, Gastonia, Milwaukee, Waukesha, Warwick, Chicago, Naperville, Arlington Heights IL, Troy, Farmington Hills MI, Antonio, New Braunfels TX, York, Jersey, White Plains, Carmel, Worth, Plano

☆ Billionaire Ken Griffin says good programmers' days are numbered. Here's what will make a coder stand out.
▼ + stars: | 2023-06-08 | by ( Paige Hagy | ) www.businessinsider.com time to read: +4 min

Ken Griffin spoke to the newest class of Citadel interns at the Four Seasons on Tuesday. The CEO said generative AI is changing the game and it's harder than ever to stand out as a programmer. Billionaire Citadel founder Ken Griffin says the days of the good programmer are numbered, and generative AI is the reason why. "Programming is going to be a big target for generative AI," Griffin said, according to people who heard him speak. The days of 'I'm a good programmer' are becoming numbered."

Persons: Ken Griffin, Griffin Organizations: Citadel, Citadel . Billionaire Citadel, CNBC, Citadel Securities, NASA, US Army Locations: Fort Lauderdale, Wall

☆ Having more pythons in Florida is actually increasing the rat population because they're killing the other predators, scientists warn
▼ + stars: | 2023-06-08 | by ( Jessica Orwig | ) www.businessinsider.com time to read: +4 min

It may be good news for the cotton rats, but it could spell serious danger for humans. But one thing they don't seem to have a taste for is cotton rats. So much so, scientists warn that cotton rats "now dominate the community" in parts of the Florida Everglades where pythons are prevalent, wildlife ecologist Robert McCleery told LiveScience. They found that death rates for cotton rats were about the same in both regions. Let's say a mosquito bites an infected cotton rat and then later feasts on your blood — you could become infected.

Persons: —, Robert McCleery, LiveScience, McCleery, Rhona Wise, It's Organizations: Service, Getty, Geological Survey Locations: Florida, Fort Lauderdale , Florida, they're, Asia

☆ Citadel's Ken Griffin says the A.I. community is making a mistake by creating so much hype
▼ + stars: | 2023-06-07 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Ken Griffin, founder and CEO of Citadel, believes the hype around artificial intelligence could be overblown at this early stage. "I do think the AI community is making a terrible mistake by being full of hype on the near-term implications of generative AI," Griffin said Tuesday during an event for Citadel's new class of interns in Fort Lauderdale, FL. "I think they're actually doing everybody a huge disservice with the level of hype they are creating." One industry that could see a material impact from AI is programming and software engineering, Griffin said. "Programing is going be a big target for generative AI," Griffin said, asked by an intern about AI's impact on his business.

Persons: Ken Griffin, Griffin, chatbot, Warren Buffett Organizations: Citadel, Nvidia, AI Safety, Harvard, MIT, Citadel Securities Locations: Fort Lauderdale , FL, Fort Lauderdale, Palm Beach

Ticket prices surged following reports early on Wednesday that he planned to join the Major League Soccer side, which he later confirmed. Messi's first game with the team could be on July 21 when Inter Miami host Cruz Azul in their Leagues Cup opener in Fort Lauderdale. Messi's first game in a Miami jersey will likely be the most expensive MLS game on record, Kyle Zorn, brand manager at TickPick, told Reuters. "We saw an almost instantaneous jump in Inter Miami ticket prices when the word got out that Messi was leaning towards joining the club," Zorn said. "Given his status as arguably the greatest player in the world, every time Inter Miami plays on the road, we’re going to see record breaking ticket prices."

Persons: Lionel Messi's, clamoured, Messi's, Cruz Azul, Kyle Zorn, Messi, Zorn, Rory Carroll, Toby Davis Organizations: South, Inter Miami, Major League Soccer, Cruz, Leagues Cup, Reuters, Inter, New York Red Bulls, Thomson Locations: South Beach, Argentine, Fort Lauderdale, Miami, Southern California, Los Angeles

☆ Use this 401(k) investing strategy to calm your market jitters
▼ + stars: | 2023-06-05 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Jackyenjoyphotography | Moment | Getty ImagesSteady contributions make investing 'more palatable'Among the primary benefits of dollar-cost averaging: It strips the emotion out of investing. For example, the fear of losing money can trigger harmful behavior like trying to time the market, akin to guessing the best time to buy and sell. People often sell out of fear when stocks decline in value, and then miss out on potential gains when stocks rebound, the regulator said. "If you're always looking at a reason not to invest, you're missing out on long-term wealth accumulation. Investing smaller sums of money in chunks makes it easier to stomach a poorly timed investment, according to Charles Schwab.

Persons: Sean Deviney, There's, Charles Schwab Organizations: Investors Locations: Fort Lauderdale , Florida, Ukraine

☆ Citadel's red-hot run has led to a new problem: It's harder than ever to nab an internship there
▼ + stars: | 2023-06-05 | by ( Paige Hagy | ) www.businessinsider.com time to read: +6 min

Billionaire Ken Griffin's Citadel internship program is attracting more students than ever before. Citadel, the $57 billion hedge fund, and market maker Citadel Securities recruit hundreds of undergraduate and graduate students every year for an 11-week summer internship program. The internship starts Monday, with a kickoff week at the Four Seasons in Fort Lauderdale and Palm Beach. "We think of campus recruiting very much the same way that other firms think of executive recruiting," Mitro said. "All of it is geared towards simulating what life would be like for them if they were to join the firm," Mitro said.

Persons: Ken, Matt Mitro, Griffin, Mitro, It's, it's, commerciality, UT Austin — Organizations: Citadel, Citadel Securities, New, Wayback, NASA, US Army, MIT, UC Berkeley, Harvard, Stanford, Princeton, UT Austin, Mathematical Association of America, Intercollegiate, Discover Citadel Locations: Fort Lauderdale, Palm, Citadel, Miami, New York City, Singapore, Paris, Palm Beach, New York, Chicago, London, Hong Kong

☆ I paid $200 for a 2-hour ferry ride from Florida to the Bahamas. I spent 9 hours there, and it wasn't enough time.
▼ + stars: | 2023-06-05 | by ( India Amos | ) www.businessinsider.com time to read: +1 min

First, I drove to Port Everglades to board. Port Everglades is in Hollywood, Florida. India AmosI left from Miami, and it took me nearly 40 minutes to drive to Port Everglades in Fort Lauderdale from Dade City. Around 7:00 a.m., I pulled into the Palm Parking Garage, which is right next to the terminal Baleària regularly uses. Within 20 minutes, I'd shown my passport, passed through security and the ticket gate, and was ready to board.

Persons: India Amos I, Baleària, I'd Locations: Hollywood , Florida, India, Miami, Port, Fort Lauderdale, Dade City, Freeport

☆ Time is running out to repay Covid-era 401(k), IRA withdrawals — and claim a tax refund
▼ + stars: | 2023-06-03 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Hundreds of thousands took distributionsData suggests hundreds of thousands of people took coronavirus-related distributions — and that few have repaid it. Nearly 6% of investors in workplace retirement plans took a CRD in 2020, according to internal administrative data from Vanguard Group. That amounts to about 268,000 people out of 4.7 million retirement investors for whom Vanguard provided administrative services that year. Amended return necessary to claim refundInvestors who repay all or part of their CRD by the three-year deadline must file an amended tax return to claim a tax refund, according to the IRS. This person would have to file an amended tax return for each year.

Persons: Sean Deviney, Deviney Organizations: Vanguard Group, Vanguard, IRS, Investors Locations: Fort Lauderdale , Florida

☆ A nurse and her boyfriend got high-fives from other Southwest Airlines passengers after they saved a man's life on a flight to Baltimore, say reports
▼ + stars: | 2023-06-02 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

A nurse was on a Southwest flight when a passenger experienced a medical emergency. A nurse and her boyfriend saved a man's life who stopped breathing while on a Southwest Airlines flight to Baltimore, reports say. "It was quite alarming, obviously, seeing his face look that way," Raines told CBS. The couple were greeted warmly by fellow passengers, who gave them high-fives after they had saved the man's life, CBS reported. They believe that multiple factors played a role, mostly due to his low oxygen levels," Raines told the outlet.

Persons: Emily Raines, Daniel Shifflett, Raines, Shifflett, We're Organizations: Morning, Southwest Airlines, CBS News, Greater Baltimore Medical Center, CBS, Guardian Locations: Baltimore, Ft . Lauderdale, Bahamas, Raleigh , North Carolina

☆ GQG adds more Nvidia, considers increasing exposure to Adani, says CIO
▼ + stars: | 2023-06-01 | by ( Carolina Mandl | ) www.reuters.com time to read: +1 min

[1/2] A view of a Nvidia logo at their headquarters in Taipei, Taiwan May 31, 2023. Fort Lauderdale, Florida-based GQG, which manages almost $100 billion in assets, added 8.2 million shares in Nvidia in the first quarter, worth $2.3 billion then, according to a regulatory filing. Since then, Chief Investment Officer Rajiv Jain said in an interview that GQG has "meaningfully increased" its position in Nvidia. Jain also said the asset manager is considering raising its exposure to Adani by participating in capital increases the group announced in May. Reporting by Carolina Mandl, in New YorkOur Standards: The Thomson Reuters Trust Principles.

Persons: Ann Wang NEW, Nvidia Corp's, Rajiv Jain, GQG, Jain, Carolina Mandl Organizations: REUTERS, Nvidia, GQG Partners, Thomson Locations: Taipei, Taiwan, Australia, Fort Lauderdale , Florida, New York

☆ GQG adds more Nvidia as chipmaker has a 'new leg', says CIO
▼ + stars: | 2023-06-01 | by ( Carolina Mandl | ) www.reuters.com time to read: +3 min

Fort Lauderdale, Florida-based GQG, which manages almost $100 billion in assets, added 8.2 million shares in Nvidia in the first quarter, worth $2.3 billion then, according to a regulatory filing. Since then, GQG has "meaningfully increased" its position in Nvidia, Chief Investment Officer Rajiv Jain said in an interview. The chipmaker is likely to give a boost to funds which have invested in it, as Nvidia's shares have more than doubled year to date amid an artificial intelligence boom. Two years ago, concerned about the company's high valuation, GQG had dumped all its Nvidia's shares, just to invest again in the first quarter. "Now Nvidia has gotten a new leg because of the ChatGPT-lead, AI narrative, which is very strong," said Jain, explaining his decision to reinvest.

Persons: Nvidia Corp's, GQG, Rajiv Jain, Jain, Adani, “ There's, Carolina Mandl, Susan Fenton Organizations: YORK, Nvidia, GQG Partners, Adani, Energy, Bloomberg, Thomson Locations: Australia, Fort Lauderdale , Florida, India, Adani, U.S

☆ The average wedding just hit $29,000
▼ + stars: | 2023-05-31 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +4 min

The average cost of a wedding, nationally, this year is $29,000, up $1,000 from 2022, according to online wedding planning site Zola. It said searches for alternative weddings – especially underwater weddings – have jumped 305% on its platform. “Though slightly challenging logistically, it should be interesting to see the data for underwater weddings in 2023,” she said. “Wedding photographer Kimber Greenwood, who specializes in underwater wedding photography, is booked to photograph 20 of them this year. The wedding industry should enjoy the recovery, because it may not last.

Persons: Zola, they’re, Emily Forrest, San, Esther Lee, ”, Knot’s Lee, “, Kimber Greenwood, Pinterest, Jenna Landi, “ There’s, Greenwood, they’ve Organizations: New, New York CNN, CNN, New York, Big Apple, Jewelers Locations: New York, New York City, San Francisco, Oakland, San Jose, Boston, Philadelphia, Miami, Ft . Lauderdale, Washington, Chicago, Los Angeles, Gainesville , Florida

☆ American Airlines plans to appeal ruling that blocks JetBlue partnership, CEO says
▼ + stars: | 2023-05-31 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

An American Airlines plane takes off near a parked JetBlue plane at the Fort Lauderdale-Hollywood International Airport on July 16, 2020 in Fort Lauderdale, Florida. American Airlines plans to appeal a court's recent ruling that would block its partnership with JetBlue Airways in the Northeast, American CEO Robert Isom said Wednesday. A spokesman for JetBlue declined to comment and didn't say whether the airline also planned to appeal the ruling along with American. U.S. District Judge Leo Sorokin ruled earlier this month that the airlines' partnership in the region is anticompetitive and ordered the airlines to end the partnership in 30 days. American Airlines CFO Devon May said at the same conference on Wednesday that the company didn't expect a material impact this year due to the ruling.

Persons: Robert Isom, Leo Sorokin, We've, Isom, Joe Biden's, Biden, Sorokin, Trump, Devon May Organizations: American Airlines, JetBlue, Fort, Hollywood International Airport, Fort Lauderdale , Florida . American Airlines, JetBlue Airways, American, U.S, District, DOJ, Joe Biden's Justice Department, District of Columbia, Delta, Delta Air Lines, United Airlines, Devon, Justice Department, Spirit Airlines Locations: Fort Lauderdale, Fort Lauderdale , Florida, Northeast, American, Boston, New York

☆ The man accused of killing CashApp founder Bob Lee just saw his defense lawyer leave the case
▼ + stars: | 2023-05-30 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +2 min

Nima Momeni, who has pleaded not guilty in the murder of Bob Lee, has parted ways with his lawyer. Attorneys Saam Zangeneh and Bradford Cohen confirmed to Insider that they're now representing Momeni. Momeni's now-former attorney, Paula Canny, pulled out of the case at a hearing on Tuesday in San Francisco, according to multiple news reports, including by the San Francisco Chronicle. Momeni also has new lawyers now representing him: Saam Zangeneh, a criminal defense attorney in Miami, confirmed to Insider that he is representing Momeni along with Bradford Cohen, a criminal defense attorney in Fort Lauderdale, Florida. Representatives for the San Francisco District Attorney's office did not immediately respond to Insider's emailed inquiries on Tuesday.

Persons: Nima Momeni, Bob Lee, Paula Canny, who'd, Saam Zangeneh, Bradford Cohen, Momeni's, Canny, Momeni, Saam, Cohen, Brooke Jenkins Organizations: Morning, San Francisco Chronicle, San Locations: Momeni, San Francisco, Miami, Fort Lauderdale , Florida, San Francisco District

☆ Investors who showed Q1 bets on Nvidia may have got boost as it joined $1 trillion club
▼ + stars: | 2023-05-30 | by ( Carolina Mandl | ) www.reuters.com time to read: +2 min

They may not reflect current holdings, as fund managers may have added or sold shares since then. Many investors have piled in to the chipmaker that has quickly become one of the biggest winners of the AI boom. In the previous quarter, Nvidia was not part of GQG's portfolio. Among prominent investors who sold Nvidia's shares before its recent jump is ARK Invest. California Public Employees' Retirement System (CalPERS) sold roughly 1 million shares in Nvidia, but remained with about $1.2 billion in shares in the first quarter.

Persons: Cathie Wood, Carolina Mandl, Megan Davies, Matthew Lewis Organizations: YORK, Nvidia, GQG Partners, Fort, GQG Partners Inc, Nvidia Corp, Tiger Global Management, Wellington Management Group, Moore, ARK, California Public Employees, Carolina, Thomson Locations: U.S, Australia, Fort Lauderdale , Florida, India's, California, New York

☆ Justice Department wins lawsuit to undo JetBlue, American Airlines partnership in the Northeast
▼ + stars: | 2023-05-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

An American Airlines plane takes off near a parked JetBlue plane at the Fort Lauderdale-Hollywood International Airport on July 16, 2020 in Fort Lauderdale, Florida. A federal judge on Friday ordered American Airlines and JetBlue Airways to end their partnership in the Northeast, a win for the Justice Department after it sued to undo the alliance arguing it was anti-competitive. The lawsuit, filed in September 2021, alleged that the airlines' alliance was effectively a merger that would hurt consumers by driving up fares. Fort Worth, Texas-based American Airlines and New York-based JetBlue Airways argued they needed the so-called Northeast Alliance to better compete with other large carriers Delta Air Lines and United Airlines in congested airports in the region. Undoing the partnership would be difficult, especially during the peak summer travel season, which airlines have already sold tickets for.

☆ McDonald’s found liable after child suffers burns from ‘hot’ chicken nuggets, Florida jury finds
▼ + stars: | 2023-05-12 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

The suit was filed in 2019 against McDonald’s and Upchurch Foods. The Fort Lauderdale jury said both were at some fault for the burns sustained by Philana Holmes and Humberto Caraballo Estevez’s daughter when the hot nuggets fell on to her lap, WPLG reported. A jury agreed with her contention that the coffee was unreasonably hot. “This is not the infamous Hot Coffee case; this is Olivia’s case,” the law firm said in a statement to WPLG. “She’s an adorable, innocent child who was severely burned through no fault of her own.”In a statement, McDonald’s called it an “unfortunate incident” but that they “respectfully disagree with the verdict.” McDonald’s defense said it had no control over the injuries and damages.

☆ Elon Musk's Tesla tunnels are a 'fake alternative' to solve traffic but if he made them for subways we'd all be better off, expert says
▼ + stars: | 2023-05-08 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +7 min

A journalist argues that Musk could use The Boring Company to make public transportation cheaper. This includes solving traffic by moving transportation underground through car tunnels or building a successful hyperloop. And Musk has often been explicit that traditional public transportation options, like subways, would not be a part of his vision. The Boring Company has also put its controversial hyperloop plans to the side. The Boring Company did not immediately respond to Insider's request for comment.

☆ Casey White Pleads Guilty in Alabama Jail Escape
▼ + stars: | 2023-05-07 | by ( Remy Tumin | ) www.nytimes.com time to read: 1 min

An Alabama inmate whose escape from jail last spring set off a nationwide manhunt pleaded guilty on Thursday to the escape in exchange for the state dropping a felony murder charge in the death of the former corrections officer who helped him. The inmate, Casey White, 39, appeared for a routine status hearing on Thursday morning at the Lauderdale County courthouse in northern Alabama. In a surprise move to both the prosecution and his own defense team, Mr. White pleaded guilty to a first-degree escape charge. “You’re probably just as surprised by today’s turn of events as we are,” Robert Tuten, a lawyer for Mr. White, said after the hearing. Mr. White and the officer, Vicky White, who was no relation, were on the run for nearly two weeks after leaving the Lauderdale County Jail in Florence, Ala., for a courthouse appointment that was later revealed to be a ruse.

Florida lawmakers sent DeSantis a bill that would let him stay governor while running for president. "I don't think we have seen a six-month stretch that has ever been this productive in the history of our state," DeSantis said at the Florida Capitol in Tallahassee on Friday. Should DeSantis be successful in a presidential run, he would follow in the footsteps of Democrat Bill Clinton and Republican George W. Bush. Ron DeSantis speaks during an election night watch party at the Convention Center in Tampa, Florida, on November 8, 2022. During a press conference in Panama City, Florida, on Thursday, DeSantis continued to play coy about his intentions.

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