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☆ Beyond Meat, the poster child of plant-based meat, saw sales tank as cash-strapped shoppers turn away from expensive alternative proteins
▼ + stars: | 2023-08-08 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

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

☆ DeSantis keeps putting rookies in charge, even with his presidential campaign spiraling
▼ + stars: | 2023-08-08 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

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

☆ Will AI be an economic blessing or curse? History offers clues
▼ + stars: | 2023-08-07 | by ( Mark John | ) www.reuters.com time to read: +6 min

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

☆ How a Sexual Assault in a School Bathroom Became a Political Weapon
▼ + stars: | 2023-08-05 | by ( Charles Homans | More About Charles Homans | ) www.nytimes.com time to read: +3 min

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

☆ Hyundai and Kia warn drivers of 90,000 vehicles to park outside due to fire risk
▼ + stars: | 2023-08-03 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

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

☆ A Federal Food Safety Case Reveals Latest New York City Rat Horror Story
▼ + stars: | 2023-07-30 | by ( William K. Rashbaum | More About William K. Rashbaum | ) www.nytimes.com time to read: +1 min

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

☆ Porsche's iconic 911 to be sole survivor of automaker's combustion models
▼ + stars: | 2023-07-26 | by ( Nick Carey | ) www.reuters.com time to read: +3 min

[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

☆ JPMorgan, Snap, and other employers are giving $1,700 Snoos to employees with newborns as part their parental benefits packages
▼ + stars: | 2023-07-25 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

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

Jeff Bezos had purchased The Post for $250 million in 2013, less than a year after Mr. Baron had taken over. Mr. Bezos, who arrived at media ownership after founding Amazon and remaking online shopping, wanted his top editor to transform the newspaper from a regional news organization into a truly global one. But Mr. Bezos, whose representatives kept an eye on the budget, didn’t believe The Post needed to add many new editors to accomplish that task. So, Mr. Baron came up with a workaround, according to his coming memoir. “To avoid setting off alarms up the line, my deputies and I would strip the word ‘editor’ from proposed new positions whenever possible,” Mr. Baron writes.

Persons: Martin Baron, Jeff Bezos, Baron, Bezos, “, ’, Mr, ” Organizations: The Washington Post

☆ New Yorkers Got Broken Promises. Developers Got 20 Million Sq. Ft.
▼ + stars: | 2023-07-21 | by ( Urvashi Uberoy | Keith Collins | ) www.nytimes.com time to read: +15 min

These agreements allow developers to build larger towers and earn more revenue in exchange for providing public spaces. “Developers received something that was disproportionately valuable,” said Jerold S. Kayden, a lawyer and professor of urban planning and design at Harvard University and an advocate for keeping privately owned public spaces open to the public. Bonus Building Space The additional space that developers received is often far larger than the public spaces they provided. Here are the 392 buildings with privately owned public spaces. The violations fall under three main categories:Reduced Access In 2021, the plaza at 835 Sixth Avenue was fenced off.

Persons: Jonathan J, Miller, Richard J, Roddewig, ”, Jerold, Kayden, Gale Brewer, ” Ms, Brewer, “, Larry Silverstein, Mr, Silverstein, Melissa Grace, David Rubenstein Organizations: of Buildings, Advisory Services, “, Harvard University, New York’s Department of City Planning, Municipal Art Society of New, The Times, greenwich, madison, Database, New York City Department of City Planning, Department, Environmental, Buildings, Department of, Planning, City, The, of City Planning, Department of City Planning, Wall, Lincoln Center, Times, MANHATTAN BRONX, Yorkers, Real, Board, New, Google Locations: New York City, Central, Municipal Art Society of New York, pennsylvania, greenwich, lincoln, “, Manhattan, MANHATTAN BRONX QUEENS BROOKLYN, New York, AKAM, Brooklyn

☆ Drug shortages’ effects on cancer research may be felt for years to come
▼ + stars: | 2023-07-20 | by ( Jen Christensen | ) edition.cnn.com time to read: +8 min

But these shortages aren’t just bad for current patients, experts say; their effects on cancer research may be felt for years to come. The National Cancer Institute, the federal government’s main agency for cancer research and training, told CNN that at least 174 of its own trials may be affected by the shortages. Cisplatin and other platinum-based drugs are prescribed for 10% to 20% of all cancer patients, according to the National Cancer Institute. Crucial work on hold“With drug shortages, trials have become almost like an impossible task. “These drug shortages come and go, and there’s no real rhyme or reason, and there seems to be no rhyme or reason in terms of which institutions have shortages.

Persons: Joe Biden, it’s, ’ ”, Shadia Jalal, Indiana University Melvin, Jalal, She’s, they’ve, ” Jalal, “, ”, haven’t, “ We’ve, Mark Fleury, Fleury, you’re, ” Fleury, Dmitry Walker, Merck, We’ve, ” Walker, there’s, Biden, Lawrence Feldman, ” Feldman, Feldman, Dr, Sanjay Gupta, ‘ Organizations: CNN, National Cancer Institute, American Society of Health, Cancer, Indiana University, Bren Simon Comprehensive Cancer Center, Hematology, Oncology, IU School of Medicine, Hoosier Cancer Research Network, Veterans Administration, American Cancer Society Cancer Action Network, American Cancer Society, WVU Medicine, US Food, Pharmacists, National Comprehensive Cancer Network, University of Illinois Medical Center, CNN Health Locations: United States, China, Chicago

SYDNEY/AUCKLAND, July 20 (Reuters) - Australia and New Zealand will open the ninth Women's World Cup co-hosted by the two nations on Thursday, despite a shooting near the Norwegian team hotel in New Zealand's largest city of Auckland that left three dead and six injured. Tracey Taylor, a professor of sports management at RMIT University in Melbourne, said many members of grassroots football clubs expected the tournament to have a transformative effect for participation in women’s sport in Australia. Several participating nations, including tournament heavyweights England and Spain, have been in dispute with their administrators over working conditions and pay in recent months. “It’s a once-in-a-lifetime opportunity for many New Zealanders to experience a top-tier FIFA World Cup event,” he said. Reporting by Alasdair Pal in Sydney; Additional reporting by Renju Jose in Sydney and Philip O'Connor in Stockholm; Editing by Lincoln Feast.

Persons: Chris Hipkins, Maren Mjelde, Sydney –, Tracey Taylor, ”, Sam Kerr, Anthony Albanese, Fatma, “, Grant Robertson, “ It’s, Alasdair Pal, Renju Jose, Philip O'Connor, Lincoln Organizations: SYDNEY, Police, New Zealand, New Zealand’s Football Ferns, Norway, Gang, Australia, RMIT University, England, rugby, Blacks, FIFA’s, Kiwis, Zealand, Wednesday, FIFA, Thomson Locations: AUCKLAND, Australia, New Zealand, Norwegian, New Zealand's, Auckland, Eden, Norway, Republic of Ireland, Sydney, England, Melbourne, Spain, France, Zealanders, Stockholm

☆ TikTok, Warner Music Group to partner in music licensing deal
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

July 18 (Reuters) - Warner Music Group (WMG.O), the record label conglomerate behind artists such as Radiohead, AC/DC and Madonna, has signed a licensing deal with Chinese short-video app TikTok to boost its social media revenues. The multi-year deal will help Warner Music's artists and songwriters unlock new revenue and marketing opportunities from TikTok's more than 1 billion users, the companies said on Tuesday. Social media platforms like TikTok have seen many new artists go big when content featuring their music went viral, helping them clinch major record deals. The deal licenses the collection of Warner Recorded Music and Warner Chappell Music to TikTok, TikTok Music - the social media app's premium streaming service, video editor CapCut, and TikTok's Commercial Music Library. Reporting by Zaheer Kachwala; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Warner, Warner Chappell, CapCut, Zaheer Kachwala, Devika Organizations: Warner Music Group, Radiohead, Social, Warner, Wrestling Entertainment, WWE, Warner Recorded Music, Warner Chappell Music, Thomson

☆ I was scared of flying and took a course to help me. Here are 6 things every nervous passenger should know.
▼ + stars: | 2023-07-17 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +9 min

I took British Airways' Flying with Confidence course to help me overcome my fear of flying. And I know I'm not alone: up to 40% of Americans have a form of aerophobia, otherwise known as the fear of flying. So, in an effort to face my fears head-on, I recently attended British Airways' Flying with Confidence course. But in the same way that pilots always prepare for the worst kind of turbulence, aircraft designers do too. Breathing is keyOne of the main takeaways from the course was how to control my fear of flying through breath control.

Persons: I'm, Steve Allright, Allright, Sophia Ankel Organizations: British Airways, Heathrow Airport, Federal Aviation Administration, Boeing, US Airways, Pilots Locations: London, Hudson

☆ Opinion | Amanda Gorman: In Memory of Those Still in the Water
▼ + stars: | 2023-07-15 | by ( Amanda Gorman | ) www.nytimes.com time to read: +2 min

Panicking people stepped on each other in the dark, desperately using each other to come up for air, to stay alive. At the water’s surface, some clung to pieces of wood, surrounded by drowned friends, relatives and strangers. As the headline on another Times story, by Richard Pérez-Peña, put it: “5 Deaths at Sea Gripped the World. Hundreds of Others Got a Shrug.”Refugees and migrants dying while trying to cross the Mediterranean in search of safety is not new. The United Nations estimates that more than 27,000 migrants have died or gone missing in the Mediterranean since 2014.

Persons: Adriana, torturous, Richard Pérez Organizations: BBC, The New York Times, Coast Guard, ”, The United Nations Locations: Greece, African

☆ Finally, Bill de Blasio Wins New Yorkers’ Praise. For His Breakup.
▼ + stars: | 2023-07-14 | by ( Sharon Otterman | More About Sharon Otterman | ) www.nytimes.com time to read: +1 min

As a two-term Democratic mayor of New York City, Bill de Blasio earned mixed reviews, at best. But now that he’s out office, he’s getting raves for the way he is handling an unexpected development: his separation from his wife and the transformation of their marriage. It was an unexpected moment of both transparency and ambiguity that transfixed many New Yorkers. The couple did not plan to divorce, they said, though they didn’t rule it out. And it was, in its emotional risk taking, somehow very New York.

Persons: Bill de Blasio, he’s, de Blasio, Chirlane McCray, implosions, — Organizations: The Locations: New York City, The Times, New York

☆ Wait, Are Hearing Aids Cool Now? Ask Millennials
▼ + stars: | 2023-07-13 | by ( Sarah Baird | Photographs F. Martin Ramin The Wall Street Journal | ) www.wsj.com time to read: 1 min

UNDERCOVER AGENT Many new hearing aids, like the Jabra Enhance Plus, look indistinguishable from run-of-the-mill wireless earbuds. NICK JACKSON, 36, has struggled with his hearing for some time, but during the pandemic the Chicago-based editor relied on a hack to prevent any misunderstanding. “I could just turn up the volume in all of my Zoom meetings,” he said. Once back in the office, however, he found himself “constantly” needing to ask other team members to repeat themselves. His hearing loss, he said, “was getting in the way of my work and basic interactions.”

Persons: NICK JACKSON, “, ” Locations: Chicago

☆ These 10 states are running America's best economies for residents
▼ + stars: | 2023-07-13 | by ( Scott Cohn | ) www.cnbc.com time to read: +8 min

To determine which states have the best economy, we look at overall economic growth and annual job growth on a percentage basis, as well as the health of state finances. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. IndianaWhile the Hoosier State's economy is hardly a barnburner, Indiana offers stability. The state's debt rating is solid. UtahThe Beehive State's economy just keeps buzzing.

Persons: Christina, Dupont De Nemours, Incyte Carlos Hernandez, Eileen T, Meslar, Eli Lilly, Kyle Green, Lucas Jackson, George Frey, Zions, Tim Aeppel, —, Justin Sullivan, Lindsey Nicholson, Matthew Busch, payrolls, Jim Watson Organizations: Companies, Business, Getty, Bureau, AAA, Reuters, Indiana, Hoosier, Federal Housing Finance Agency, National Association of Realtors, Simon Property, Bloomberg, Gem, Data Solutions, Micron Technology, Lamb Weston Holdings, South, South Carolina, Union Pacific, Automotive Designs, . Tennessee The Volunteer State, Headquarters, FedEx, Tractor, Delta Airlines, Peach State, Assurant, Intercontinental Exchange, Universal, North, Bank of America, Duke Energy, Just Energy Group, Texas, Lone Star State, Oracle, Tesla, AFP Locations: U.S, States, Wilmington , Delaware, Delaware, Middlebury , Indiana, , Indiana, CBH, Calvary Springs, Nampa , Idaho, Idaho, California, York County , South Carolina, South Carolina, Palmetto, South, Salt Lake City , Utah, Utah, Bristol , Indiana, Tennessee, Alpharetta , Georgia, Georgia, Denver , North Carolina, North Carolina, Houston , Texas, The Texas, Texas, New York, Miami , Florida, Florida

☆ Israeli investor says tech sector will overcome judicial reform crisis
▼ + stars: | 2023-07-12 | by ( Steven Scheer | ) www.reuters.com time to read: +3 min

... Read moreSummaryCompanies Crucial tech sector hit by judicial reform crisisStartup funding falls 70%, emigration increasingTech execs take lead in opposing reformJERUSALEM, July 12 (Reuters) - A leading Israel investor on Wednesday predicted that the country's vital tech sector would recover quickly from its current funding downturn, in part by fighting a government judicial reform plan many blame for scaring away investment. A key driver of economic growth in Israel, the tech sector saw its funding hit last year by the global economic slowdown. "The big inventors are the warriors of democracy," Margalit told Reuters on the sidelines of a JVP Climate Tech conference. While the tech sector needs a stable Israeli economy, the economy needs a strong tech sector, which accounts for 14% of jobs and almost a fifth of gross domestic product. The fall off in tech funding has been a major factor in the weakening of the shekel , analysts say.

Persons: Erel Margalit, Benjamin Netanyahu's, Margalit, Barak Eilam, Eynat Guez, Israel's shekel, Steven Scheer, Conor Humphries Organizations: Jerusalem Venture Partners, AccorHotels Arena, Tech, Labour Party, Reuters, JVP Climate Tech, NICE, Tel, Thomson Locations: Paris, France, JERUSALEM, Israel, Israel's, Tel Aviv

☆ Avid Taylor Swift fans are flashing their dollars to attend the Eras Tour, with some spending up to $20,000 to see her as many times as possible
▼ + stars: | 2023-07-08 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

Taylor Swift's Eras Tour has taken the US by storm as Swifties do all that they can to see it. He's been to the Eras Tour eight times and sat in the front row for five of those shows. "I remember sending a text in 2019 to someone saying if there was ever a Taylor Swift best-of tour, money becomes no object," he said. QuestionPro, a research company, found that the Eras Tour could result in $4.6 billion in consumer spending in the US. That means she's putting upwards of $10,000 towards the Eras Tour, and might spend even more at future dates.

Persons: Taylor, Swifties, Jake, he's, Swift, He's, Taylor Swift, I've, Bridget Doyle, Doyle, —, Christy G, Lindsey Lisalda, Louis, Lisalda, Lindsey Lisalda Megan Crowley, jetting, Swift's, Megan Crowley, Clara Cummings, Megan Crowley Swifties, Kat, She's, Moira Rodriguez, Crowley Organizations: Service, Nashville, Roll Hall of Fame, National Underground Railroad Freedom, Swift's Los, Gillette Locations: Wall, Silicon, Massachusetts, New York, Pennsylvania, New Jersey, Nashville , Tennessee, Nashville, Denver, St, Swiftcation, Glendale , Arizona, Chicago, Kansas City , Missouri, Salt Lake City, Phoenix, Swift's Los Angeles, Arizona, Foxborough , Massachusetts, Glendale, Nebraska, Minneapolis —, HAM

☆ Office landlords struggling for tenants are facing an even scarier predicament — zombie properties
▼ + stars: | 2023-07-03 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +6 min

A zombie building is one that's too costly for a landlord to rent at prevailing rates. Office buildings purchased in the past five years could become zombies, a real-estate vet said. Like many New York office buildings, it's a dead man walking, similar to the hopelessly distressed shopping malls that have multiplied across the country over the past decade. One in four office buildings in Manhattan is valued at less than they last sold for, according to JLL. Bringing zombies back to lifeUnlike in the movies, zombie buildings don't remain undead forever.

Persons: Knotel, Michael Cohen, Cohen, —, haven't, RXR, Chetrit, HPS Organizations: New York, Macmillan Publishers, Manhattan, BNP, Real Estate, Green —, Blackstone, Chetrit, HPS Investment Partners Locations: New, New York City, New York, Manhattan, That's, HPS

☆ Inside the furious debate over New York City's new tax on drivers, which New Jersey Democrats are fighting against tooth and nail
▼ + stars: | 2023-07-02 | by ( Eliza Relman | ) www.businessinsider.com time to read: +11 min

Long gone are the days of eerily deserted Manhattan streets as New York City ground to a near-halt during the height of the COVID-19 pandemic. Cars fill Midtown amid the coronavirus pandemic on March 19, 2021 in New York City. The Empire State Building and Tourist District are seen while Traffic jam is reported along the route to New York City on August 17, 2022, in Jersey City, New Jersey. Komanoff said most congestion pricing advocates agree — they don't want drivers who enter lower Manhattan through the tunnels to pay the full congestion toll. But congestion pricing still has a long way to go, particularly as long as New Jersey leaders stand in the way.

Persons: Kathy Hochul's, Long, Kathy Hochul, Gottheimer, Jersey Sen, Bob Menendez, Phil Murphy, Noam Galai, it's, Charles Komanoff, Komanoff, Sam Schwartz, Eduardo Munoz Alvarez, George Washington, Sen . Menendez, Bill Pascrell, Schwartz, Hochul, Murphy, Sarah Kaufman, University's, Ritchie Torres, Tom Williams, Torres, he's Organizations: Gov, New, New Jersey Democrats, Morning, Metropolitan Transportation Authority, New York Gov, Central Business District, Federal Highway Administration, MTA, Democratic, New York Supporters, New York, Mexico City, George Washington Bridge, Center for Transportation, New York Rep, Garden, Komanoff, Democratic Rep Locations: New York City, Manhattan, New Jersey, ., Jersey, New York, New, London, Stockholm, Singapore, York, Toronto, Mexico, Seattle, Los Angeles, Chicago, Boston, Jersey City , New Jersey, Holland, Lincoln, Bronx

☆ A stock trader who returned 630% in 3 years shares 6 key signals he identifies before making a trade
▼ + stars: | 2023-07-01 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

For example, if a stock's price is below the VWAP, it may lure many traders into shorting it, he said. Since Sykes trades penny stocks with less trading volume, he uses indicators that help him determine whether his theses will play out. However, its importance is inferior to the above criteria because the catalyst could move a stock's price in either direction. On the morning of December 1, 2022, the stock's price plunged, creating a pattern he calls a morning panic. This trade fit Sykes' criteria because it had attention on it as a catalyst and created a pattern he trades.

Persons: Timothy Sykes, Sykes, Norman Zadeh, It's, they're, CLOW Organizations: Bollinger, United States, Nasdaq Locations: shorting

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