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Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Those worries are pushing the city to look for ways to get developers to build more housing — including affordable units, Tampa Mayor Jane Castor told Insider. In order to ease the hardships that some residents are facing, Castor said the city is incentivizing developers to increase housing supply generally. An influx of residents has helped drive up housing prices Tampa. Typically, such arrangements let builders move ahead with projects if development plans include affordable or workforce housing.
Persons: Jane Castor, somethings, Castor, it's, Walter Bibikow Organizations: Service, Tampa, Getty Images Locations: Tampa, Florida, Wall, Silicon, Austin , Texas, San Francisco, Rent.com, Clearwater Beach, Ixefra, Getty Images Tampa
CNN —Eight candidates for the Republican nomination for president took the stage for the first GOP debate Wednesday night in Milwaukee. (In June 2020, he announced a plan for schools to reopen for the next school year that began in August. In April 2020, the unemployment rate spiked to 14.7% — the highest level since monthly records began in 1948. It reached a 66-year low during certain months of 2019, at 3.4% in April and 3.6% in August, but by December 2020, unemployment for women was at 6.7%. That deal was negotiated by special counsel David Weiss, who was first appointed to the Justice Department by former President Donald Trump.
Persons: Ron DeSantis, DeSantis, Daniel Dale Nikki Haley, Nikki Haley, “ Donald Trump, Trump, Daniel Dale, Katie Lobosco Burgum, Doug Burgum, , Goldman Sachs, Ella Nilsen Tim Scott, South Carolina Sen, Tim Scott, Biden, ” Scott, Scott’s, don’t, Tara Subramaniam Scott, ’ Scott, Joe Biden, they’re, Kevin McCarthy, Merrick Garland, , Garland, CNN’s Hannah Rabinowitz Haley, Haley, CNN’s Haley Britzky Pence, Mike Pence, , Obama, CNN’s Haley Britzky Christie, Hunter Biden, Chris Christie, Biden’s son Hunter Biden, Christie, David Weiss, Donald Trump, CNN’s Marshall Cohen Scott, Burgum, Scott, Katie Lobosco Organizations: CNN, Republican, GOP, , New, New York Tri, State, Trump, South, United Nations, Social Security, Dakota Gov, American Clean, Republicans, DOJ, Justice Department, National School, Department, Defense Department, of Foreign Relations, Former New Jersey Gov, US, IRS, Treasury Locations: Milwaukee, Florida, Broward, Palm, New York, Connecticut , New Jersey, Louisiana, South Carolina, China, United States, Covid, Ukraine, Estonia, Latvia, Lithuania, Poland
Earlier this month, Zoom told employees it would send some workers back to the office regularly. Zoom CEO Eric Yuan said remote work didn't allow people to build as much trust or be as innovative. Zoom, one of the main enablers and beneficiaries of remote work, told employees living within 50 miles of a Zoom office that they must work there at least two days a week. "Over the past several years, we've hired so many new 'Zoomies' that it's really hard to build trust." Meta this week told employees some might lose their jobs if they didn't show up at least three days a week.
Persons: Zoom, Eric Yuan, Yuan, we've, Zoom's Organizations: Amazon
A fire assault drill by North Korean rocket artillery units at an undisclosed location in North Korea in March 2023 in this photo released by North Korea's Korean Central News Agency (KCNA). In late 2022, CFR estimated North Korea had 1.3 million active military personnel, in addition to a 600,000 strong reserve force. Pinkston pointed out that North Korea is not the only one that can launch an attack at short notice. Holistic perspectiveWhy would North Korea need to develop missiles if it holds such a potent threat over South Korea — even if short-lived? However, Cha pointed out that there have also been studies that have shown the damage inflicted by North Korean artillery is "not that effective."
Persons: that's, Naoko Aoki, Victor Cha, Rand, Daniel Pinkston, Pinkston, Cha Organizations: North Korean, North, Korean Central News Agency, Reuters, Korea's, Rand Corporation ., of Foreign Relations, CFR, Korean, Artillery, Center for Strategic, International Studies, Rand Corp, Samsung Electronics, Rand, . Rand Corporation, LG, South Korean, Troy University, CNBC, Korea People's Army, CSIS Locations: North Korea, Korean, Korea, South Korea, Seoul, Pyongyang, U.S, Paju, counterfire, Washington, United States, Victor, Victor Cha Korea
Walmart posted surprisingly strong sales growth in the last quarter, while Target reported a decline. As shoppers increasingly prioritize essentials, one in four US grocery dollars are spent at Walmart. When Walmart's grocery sales are combined with those of its subsidiary warehouse club Sam's Club, the total approaches a third of total US grocery spending. Target meanwhile accounts for 3% of grocery dollars, or about a tenth of Walmart Inc., per Numerator. Target sells those things too, of course, but if shoppers are already heading to Walmart for groceries, they may not want to make a second stop.
Persons: headwind, Walmart's, John David Rainey, Rainey, Target's, Sara Batchelder, Neil Saunders Organizations: Walmart, Target, Service, Costco, Walmart —, Kroger, Albertsons, Sam's Club, Walmart Inc, Target's Locations: Wall, Silicon
AI continues to make headlines as companies and individuals alike try to harness the power of new tools like ChatGPT to become more efficient at work and in life. "There's incredible demand for people who are creative, who are entrepreneurial, who quickly adopt new technologies and figure out how to leverage them," says Julia Pollak, chief economist at ZipRecruiter. "Toward the end of last year, we started noticing spikes in searches around all types of AI-related needs," says Yoav Hornung, head of verticals at Fiverr. These included technical needs around integrating it, but also included consulting, "a lot around AI video editing and prompt engineers," he says. Here are four new AI gigs on Fiverr and how much freelancers are charging for them.
Persons: Julia Pollak, Fiverr, Yoav Hornung Organizations: ZipRecruiter Locations: Fiverr
An NYC apartment without a sink is available to rent, according to a TikTok video tour. The studio costs $2,500 per month, the realtor said in the video. NYC Sales & Rentals, which has the username @rentnewyork on TikTok with over 742,000 followers, showed a video tour of the studio apartment on August 3. "Tiny NYC Studio Apartment Tour," the caption on the video reads. The average rental price for a studio in Manhattan was $3,278, or $4,443 for a one-bed apartment, the data shows.
Persons: Frederick Peters, Peters, Miller Samuel, Douglas Elliman Organizations: Service, Rentals, NYC Sales, Forbes Locations: Wall, Silicon, York City, Midtown West, New York, Manhattan
Cramer's Lightning Round: Stay away from Plug Power
  + stars: | 2023-08-14 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Plug Power's year-to-date stock performance. Stock Chart Icon Stock chart icon PayPal's year-to-date stock performance. Stock Chart Icon Stock chart icon ModivCare's year-to-date stock performance. Stock Chart Icon Stock chart icon 3M's year-to-date stock performance. Stock Chart Icon Stock chart icon On Holding's year-to-date stock performance.
Persons: you'd, I've, They've, that's Organizations: PayPal, MasterCard, Visa
The sky was clear over Rockaway Beach in Queens early Saturday afternoon. Lifeguards scanned the still waters, dotted by a few swimmers, and occasionally blew whistles to warn those who ventured too far into the ocean. The woman, Tatyana Koltunyuk, had been swimming alone near Beach 59th Street when she was bitten on the left leg, officials said. Jose Velez, 64, was at Beach 59th Street on Saturday with his wife, brother, sister-in-law and nieces and nephews. The family comes to the beach every year, he said, and had “never, never, never” heard of such an attack.
Persons: Tatyana Koltunyuk, Jose Velez, , Organizations: Rockaway, Jamaica Hospital, Beach Locations: Rockaway Beach, Queens, Beach, Jamaica
The organization will no longer be granting money toward educational policy, a big part of CZI's work since its founding, the emails said. As part of its "refreshed strategy," CZI said it is "transitioning" how it supports Summit Learning. The new strategy, laid out to CZI's roughly 500 employees, is to find new education products. Politics was one of its founding areas of work, alongside education and the eradication of all disease. "I give it two more years," one of the people familiar said of CZI's current education work.
Persons: Zuckerberg, Chan, Mark Zuckerberg, Priscilla Chan, Chan Zuckerberg, CZI, Sandra Liu Huang Organizations: Chan Zuckerberg Initiative, Meta, Facebook, Summit, Summit Public Schools, National Education Policy Center, University of Colorado Locations: CZI, California, Washington, Boulder
New York City's pace of housing construction has slowed to a trickle, despite a severe affordability crisis. Manhattan's borough president has identified about 200 sites where he says the city could build housing. We have to fix this," Manhattan Borough President Mark Levine said in a tweet. The city approved 2,525 new units citywide and 1,208 in Manhattan in July 2013. A big portion of the opposition to the legislation came from suburban areas around New York City that didn't want to see more density in their communities.
Persons: Mark Levine, Levine, Eric Adams, he's, Kathy Hochul, It's Organizations: Service, Manhattan, Big Apple, New, New York, New York City, New York Gov, New York Housing, Republican, Democratic, Politico Locations: York, Manhattan's, Wall, Silicon, Manhattan, New York, New, New York City, Munsey, Nassau County, Long, Rye, Westchester County, New Jersey, Jersey City, Hudson County, York City
Jacobe Kendrick, 39, grew up in Midland, Texas, and is now working as a real-estate agent there. He has seen Midland transform as high-paying jobs lure thousands of millennials to the desert city. The city is located in the Permian Basin, which is one of the top producers of oil in the world. Most of my clients are millennials who are jump-starting their livesA large segment of my clients are millennials. For me personally, I chose to raise my family in Midland because I know what the people here stand for.
Persons: Jacobe Kendrick, Kendrick, millennials, I'm Jacobe Kendrick, I'm, It's, haven't, They're, I've, They've, Alcynna Lloyd, homebuyers Organizations: Service, eXp Realty, Blacks, Air Force Academy, Kendrick, Midland Locations: Midland , Texas, Wall, Silicon, Midland ., America, Midland
New York CNN —New Jersey is now the only state in America where it’s illegal for drivers to pump their own gas. Oregon last week lifted its 72-year-old ban on self-service gas stations, allowing stations to operate half of their pumps as self-serve. Oregon’s move makes New Jersey the last state where drivers can’t touch the gas pump. Gas stations’ struggles to hire workers have led to renewed attempts by New Jersey gas station industry advocates to lift the ban. Gas stations’ struggles to hire workers have led to renewed attempts by New Jersey gas station industry advocates to lift the ban.
Persons: Tina Kotek, , Phil Murphy, Patrick Murray Organizations: New, New York CNN —, Democratic Gov, Gas, Jersey, ” New, ” New Jersey Gov, Monmouth University, Monmouth University Polling Locations: New York, New York CNN — New Jersey, America, Oregon, New Jersey, , New Jersey , Oregon, , ” New Jersey, Monmouth
A study from economists at MIT and UCLA found productivity dropped when people worked from home. The study observed groups of data-entry workers in India working from home and from the office. Some workers argue they're more productive working remotely. Those in the work-from-home group were 18% less productive than those working from the office. Why data-entry workers?
Persons: It's, David Atkin, Andy Jassy, Zuckerberg's Meta Organizations: MIT, UCLA, Service, National Bureau of Economic Research, Massachusetts Institute of Technology, University of California, Fortune, Microsoft, Amazon Locations: India, Wall, Silicon, Los Angeles, Chennai
Beyond Meat's sales tanked by nearly a third in Q2, which the company attributed to weak demand. Consumers are financially squeezed and they're skeptical of the health benefits of plant-based meat, execs said. Brown said that the "number one issue" with the plant-based meat category was that it ultimately wasn't bringing in enough new consumers. International markets saw a much smaller drop in revenues year-over-year. While environmental concerns are a major motivator for people buying plant-based meat in Europe, "here in the US, it's more driven by health," Brown said.
Persons: execs, Ethan Brown, Brown, Lubi Kutua, Kutua Organizations: Service Locations: Europe, Wall, Silicon
Ron DeSantis keeps hiring people to lead his campaign who have no national campaign experience. Ron DeSantis keeps putting rookies in charge as he attempts to take control of his sinking campaign. When DeSantis launched his presidential campaign in May 2023, he chose trusted ally Generra Peck as his campaign manager. The inexperience at the top may have hurt DeSantis' presidential ambitions. As his campaign continues to circle the drain, it would make sense for DeSantis to replace Peck with someone with ample experience working on presidential campaigns.
Persons: Ron DeSantis, Donald Trump, DeSantis, Generra Peck, Peck, FiveThirtyEight, James Uthmeier, Uthmeier, David Polyansky, Polyansky Organizations: Florida Gov, GOP, Service, DeSantis Locations: Wall, Silicon, Nazi, Florida, Uthmeier
Hands hold the biometric imaging device, the Orb, of the identity and financial public utility Worldcoin, which aims to create a World ID digital passport, with a tradeable cryptocurrency, in Berlin, Germany August 1, 2023. REUTERS/Annegret Hilse/File PhotoAug 8 (Reuters) - Worldcoin has no problem attracting eyeballs. More than 2.2 million people have signed up, getting their irises scanned in exchange for a digital ID and, in some countries, free crypto. The new project from ChatGPT founder Sam Altman aims to create a blockchain-based "identity and financial network". PitchBook analyst Robert Le said there were several startups trying to build blockchain-based digital identity systems, but none on Worldcoin's scale.
Persons: Annegret, Sam Altman, WLD, Gordon Grant, Andreessen Horowitz, Robert Le, James Butterfill, Worldcoin, It's, Riyad Carey, Elizabeth Howcroft, Pravin Organizations: REUTERS, Genesis, Reuters Graphics, U.S . Securities, Exchange Commission, Pravin Char, Thomson, Reuters Locations: Berlin, Germany, Kenya
Backers of AI predict a productivity leap that will generate wealth and improve living standards. The productivity gains it was once lauded for have slowed across many economies. In a globalised economy, there are other reasons to doubt whether the potential gains of AI will be felt evenly. That is just one of several factors that will help determine how AI shapes our economic lives - from antitrust policies that ensure healthy competition among AI suppliers through to re-training of workforces. "The question is: will AI exacerbate existing inequalities or could it actually help us get back to something much fairer?"
Persons: Richard Erkhov, Yiannis, Simon Johnson, Johnson, Daron Acemoglu, jenny, Natixis, Stefano Scarpetta, MIT's Johnson, Mary Towers, Eva Mathews, Mark John, Catherine Evans Organizations: REUTERS, MIT Sloan School of Management, McKinsey, Hollywood, Reuters, Labour, Social Affairs, Economic Cooperation, Development, UN, POWER, Britain's Trades Union, OECD, Thomson Locations: Pascal, Nicosia, Cyprus, U.S, American, Paris, Bengaluru
Since 2021, at least eight states have signed into law bills restricting bathroom use. I asked Prior why these bills succeeded when similar legislation had so resoundingly failed not even a decade ago. Last fall, a Public Religion Research Institute survey found an 18-point shift in favor of restrictive bathroom policies among political independents since 2016, and a 17-point shift among all Americans. The Public Religion Research Institute survey found that while independents have soured significantly on transgender policies, the largest swing by far has been among Republicans. In another postelection study, TargetSmart, a Democratic data firm, matched Virginia’s 2021 election data to individual voters’ demographic information.
Persons: Ian, resoundingly, “ It’s, , , ’ ”, Organizations: America, Religion Research Institute, Virginia, Democratic, Schools Locations: Loudoun County
These include 2023 Kia Soul and Sportage vehicles and 2023 and 2024 Kia Seltos models. Last year, owners of nearly 500,000 Kia and Hyundai vehicles were, similarly, warned to park their vehicles away from structures because of a risk of fire. Hyundai and Kia also recalled over 250,000 vehicles in 2022, again warning drivers to park outside, because of the potential for fire from a trailer hitch wiring issue. In a 2021 recall, owners of 380,000 Kia vehicles were also warned to park outside because there was a risk of fire from electronic circuits under the hood. In 2020, Kia recalled 295,000 vehicles because they could catch fire while driving because of fuel leaks.
Persons: Hyundais, Kia Organizations: CNN, Hyundai, Kia, National, Hyundai Motor Group Locations: United States, Canada, South
The details of the case, made public on Friday, immediately entered the pantheon of New York City rat tales. This year, Mayor Eric Adams appointed the city’s first rat czar to confront the long-running rodent problem. Perhaps most famous was Pizza Rat, a large brown rat that went viral after video emerged showing it dragging a large slice of pizza down the stairs to an L line station in Manhattan in 2015. But it was Meat Rats — and several instances of selling misbranded chicken gizzards, pork spareribs and other meat — that put an end to Ya Feng, which ceased operations at the end of 2022. The lawsuit accused the company; its owner and president, Linmin Yang; and the warehouse manager, Kong Ping Ni, of violating the Federal Meat Inspection Act and the Poultry Products Inspection Act.
Persons: Eric Adams, Ya Feng, Linmin Yang, Kong Ping, Valerie Caproni Organizations: Inspection, Poultry, U.S Locations: New York City, Bronx, Manhattan
[1/3] FILE PHOTO-A Porsche 911 Carrera S is on display during the 75 years Porsche sports car exhibition "Driven by Dreams" in Berlin, Germany, January 25, 2023. The automaker will electrify its compact SUV Macan, followed by the 718 sports car and then the best-selling Cayenne, Porsche e-fuels team leader Karl Dums said. Porsche's EV plans and e-fuels investment are separate, he said. Major automakers will likely avoid new e-fuel models after 2035, having already committed $1.2 trillion to electrification. A host of smaller carmakers also want to sell luxury, high-performance e-fuel models to customers rich enough to afford the expensive fuel, which today can cost up to 10 pounds ($12.90) per liter.
Persons: Lisi Niesner, Karl Dums, Dums, Morgan, Massimo Fumarola, Fumarola, Mike Flewitt, Nick Carey, Paul Lienert, Victoria Waldersee, Giulio Piovaccari, Matthew Lewis Organizations: Carrera, Porsche, REUTERS, EU, HIF Global, Automotive, Ferrari, Morgan Motor, Briggs Automotive Company, Victoria, Thomson Locations: Berlin, Germany, Malvern , England, U.S, Liverpool, EVs, London, Detroit, Milan
Grab one of the best OLED TV deals while you canDeal icon An icon in the shape of a lightning bolt. Lowest Price Samsung 65-inch S95B OLED 4K TV Samsung's first 4K OLED is also one of the very first OLED TVs to feature quantum dots. The S95B is our pick for the best 4K TV you can buy, and the 65-inch model is down to an all-time low of $1,599. Lowest Price Samsung 65-inch S95B OLED 4K TV Samsung's first 4K OLED is also one of the very first OLED TVs to feature quantum dots. The S95B is our pick for the best 4K TV you can buy, and the 65-inch model is down to an all-time low of $1,599.
Organizations: Samsung, Amazon, Sony, LG, Dolby
JPMorgan countered that the U.S. Virgin Islands was also to blame for allowing Epstein's sexual abuse of young women and teenage girls, saying the territory used its powers to enable these crimes. The U.S. Virgin Islands is suing JPMorgan for at least $190 million, saying the bank ignored red flags about Epstein because he was a wealthy and lucrative client from 1998 to 2013. Ahead of a scheduled Oct. 23 trial, the U.S. Virgin Islands wants a judge to declare that JPMorgan participated in Epstein's sex trafficking and obstructed law enforcement. The U.S. Virgin Islands has already received more than $105 million from Epstein's estate, and reached a settlement with billionaire Leon Black, a former Epstein friend. The case is U.S. Virgin Islands v. JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.
Persons: Jeffrey Epstein, Epstein, Ghislaine Maxwell, Mary Erdoes, Frick, Erdoes, Leon Black, JPMorgan, Jonathan Stempel, Stephen Coates Organizations: YORK, U.S . Virgin Islands, JPMorgan Chase, JPMorgan, U.S . Virgin, U.S ., New, Virgin, JPMorgan Chase Bank NA, U.S, Court, Southern District of, Thomson Locations: U.S, Manhattan, U.S . Virgin, New York, Southern District, Southern District of New York, Bengaluru
Dozens of companies are offering their employees Snoos for free or at reduced costs. The cribs, which cost $1,700, are available for free at companies like JPMorgan and Snap. Some new parents of corporate America are receiving more than just paid parental leave and lactation rooms from their employers. Companies like JPMorgan Chase, Snap, Hulu, and Activision Blizzard are among those offering the devices to employees, according to Happiest Baby. The Snoo benefit is one of many new parental benefits that companies are beginning to offer their employees with babies amid a childcare crisis.
Persons: JPMorgan Chase, Milt Ezzard, Ezzard, WorkLife Organizations: JPMorgan, Companies, Activision Blizzard, Employers, JPMorgan Chase, Hulu, Paypal, Snoos, Street Journal, Financial Times
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