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Some Chinatown residents benefited from the development boom, selling properties to developers or drawing more customers from increased foot traffic. Some residents have shown tentative support for the luxury buildings, saying they might make the neighborhood safer or bring in wealthier Asian residents who could boost Chinatown's economy. Manhattan Chinatown's housing stock is "really aged," which has led to costly fires, according to Thomas Yu, executive director of Asian Americans for Equality. Chinatowns and the pandemicMany debates surrounding luxury development and affordable housing were accelerated by the pandemic, which shuttered hundreds of businesses across Chinatowns. However, business owners who spoke with CNBC said Chinatown's businesses, though still recovering, are keeping the city's culture alive.

☆ Elon Musk names NBCU ad chief Linda Yaccarino as Twitter CEO
▼ + stars: | 2023-05-12 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

New York CNN —Elon Musk on Friday named longtime media executive Linda Yaccarino as the new CEO of Twitter, months after he promised to step back from the role. “I am excited to welcome Linda Yaccarino as the new CEO of Twitter!” Musk wrote in a tweet on Friday. NBCUniversal’s ad sales team has generated $100 billion in ad sales since she joined in 2011, according to her profile, and forged partnerships with many new media companies including Twitter as well as Apple News, Buzzfeed, Snapchat and YouTube. Ad sales represented more than 90% of the company’s revenue before Musk purchased it in October. Musk has previously spoken about improving ad sales by focusing more on the relevance of its ads.

☆ 5 tips for charging your electric car at home, according to a top EV executive at GM
▼ + stars: | 2023-05-10 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

It's important to put a lot of research into your charger purchase when you shop for an EV. Right now, about 80% of all EV charging is done at home when your car is stationary for the longest time, Sequeria said. GM has addressed this by integrating the charging purchase into the vehicle purchase at the dealership, he said. (More on EV charging types and levels here). Learn more about how your local utility charges for electricityNot all states are the same when it comes to charging for charging.

☆ Amazon plans more warehouses and higher headcount in Europe
▼ + stars: | 2023-05-09 | by ( Helen Reid | ) www.reuters.com time to read: +1 min

BARCELONA, May 9 (Reuters) - Amazon (AMZN.O) plans to open new warehouses and hire more people in Europe, an executive said on Tuesday, even as squeezed consumer spending forces the tech giant to cut costs globally and lay off some employees. Amazon has invested 142 billion euros ($156 billion)in Europe since 2010, and its growth in the region was boosted in recent years from COVID-19 lockdowns driving shopping online. The expansion is part of Amazon's push to increase efficiency by cutting delivery distances and making fulfilment centres more automated. "The ability to have a collaborative deployment of AI is really a key strategic element for us," Perego said. ($1 = 0.9084 euros)Reporting by Helen Reid in Barcelona; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

☆ Home Insurance Premiums Rise as Americans Flock to Weather-Worn States
▼ + stars: | 2023-05-05 | by ( Debra Kamin | ) www.nytimes.com time to read: +3 min

In South Dakota, 8,424 new residents moved into the sparsely populated state in 2022, while insurance costs have jumped 39 percent since 2015. In dry, sunny Arizona, where nearly 71,000 new residents flocked in 2022, costs grew 28 percent. Conversely, states that lost significant numbers of residents saw insurance rates rise much more gradually. New York lost the most population in 2022 — nearly 300,000 residents — but saw home insurance jump only 17 percent, several points below average. While mortgage lenders typically require homeowners to carry home insurance, most policies do not cover floods.

☆ A Subway Killing Stuns, and Divides, New Yorkers
▼ + stars: | 2023-05-04 | by ( Emma G. Fitzsimmons | Maria Cramer | ) www.nytimes.com time to read: +1 min

Almost as soon as the video of one subway rider choking another to death began to ricochet across the internet, the killing came to signify more than the tragic death of one man. For many New Yorkers, the choking of the 30-year-old homeless man, Jordan Neely, was a heinous act of public violence to be swiftly prosecuted, and represented a failure by the city to care for people with serious mental illness. Many others who lamented the killing nonetheless saw it as a reaction to fears about public safety in New York and the subway system in particular. And some New Yorkers wrestled with conflicting feelings: their own worries about crime and aggression in the city and their conviction that the rider had gone too far and should be charged with a crime. Now, as prosecutors continue to investigate the circumstances of Mr. Neely’s death, the case has become a political Rorschach test, dividing the city along long-simmering fault lines.

☆ Kroger will stop mailing weekly grocery advertisements in newspapers
▼ + stars: | 2023-05-02 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

Atlanta CNN —Kroger, the largest grocery chain in the United States, is ditching its long-running weekly newspaper ad circulars announcing the latest grocery specials. The ads for Kroger (KR) stores and subsidiaries, including Ralphs, Fred Meyer and King Soopers, will shift online. “Kroger is joining many retailers in shifting the way our weekly ads are distributed,” a spokesperson told CNN. The move could deal a blow to shoppers who plan their store trips based on weekly newspaper ads. Some companies, such as Walgreens (WBA), stopped printing coupon catalogs and moved their weekly advertisements online.

☆ Gov. Hochul Gets a Budget Deal, but No Signature Win
▼ + stars: | 2023-04-28 | by ( Grace Ashford | ) www.nytimes.com time to read: +1 min

ALBANY, N.Y. — It was around dinner time on Thursday, with many New York State lawmakers already heading home to their districts, when Gov. Kathy Hochul dropped a budget bombshell: Roughly four weeks past the deadline, she and legislative leaders had reached a tentative deal. She hastily convened a news conference in the Capitol’s ornate Red Room to announce the handshake agreement, but there were no hands to shake. Neither the leader of the Assembly nor the Senate was present, leaving Ms. Hochul to make a solitary victory lap around a $229 billion budget that, if passed by the Legislature next week, will be one month overdue. She backed off from her pledge to construct 800,000 new homes, a potential centerpiece of her first term.

☆ Amazon's $300 million new spy series 'Citadel' debuts to mediocre reviews and could be another high-profile miss for the streamer
▼ + stars: | 2023-04-28 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Amazon's ambitious new spy series, "Citadel," starring Priyanka Chopra, premiered today. Costing as much as an estimated $300 million, it stands to be one of the most expensive series ever made. It has a 56% critics rating on Rotten Tomatoes, based on 41 reviews. Amazon has a lot riding on its new ambitious spy series, "Citadel," but so far critics are less than impressed. Rotten Tomatoes deems a 60% score or less to be "rotten."

LONDON, April 26 (Reuters) - Oil prices have fallen back after a brief spike triggered by the surprise production cuts announced by Saudi Arabia and other members of OPEC+ on April 2. ROUTING THE BEARSIf one of the objectives for Saudi Arabia and its OPEC+ allies was to drive bearish hedge funds out of the oil market, it seems to have succeeded. Following the cut, however, the number of short positions was reduced further to just 78 million barrels by April 11, near to its post-2010 low of just 65 million. In the past, Saudi Arabia's oil minister has described surprise production cuts intended to discourage hedge fund short selling as "ouching". Related columns:- Oil prices stall as short-covering rally is completed (April 17, 2023)- Surprise, squeezing the shorts, and revealed preferences (April 3, 2023)- Oil market has fully absorbed impact of Russia's invasion of Ukraine (March 9, 2023)John Kemp is a Reuters market analyst.

☆ Inside the AI talent wars: Tech companies are ransacking university AI programs at Stanford, MIT, and Cornell in search of engineers
▼ + stars: | 2023-04-24 | by ( Stephanie Palazzolo | Melia Russell | ) www.businessinsider.com time to read: +11 min

Driven by the recent AI boom, companies are raiding top college campuses for rare technical talent. She's currently on leave from her Stanford AI Ph.D. program to focus on Moonhub. In 2011, new AI Ph.D. graduates took jobs in the tech industry and academia in about equal measure. But since then, the majority of new grads have headed to the AI industry, with nearly double the percentage of AI Ph.D. grads taking industry jobs versus academic roles in 2021, according to Stanford's Institute for Human-Centered AI's 2023 AI Index Report. "All AI companies have roles for people with Ph.D.s and without," said Attaluri, the soon-to-be researcher at DeepMind.

☆ I left a high-rise apartment to live in a van. It's not that much cheaper, but I've saved $70,000 over 3 years and won't ever go back to a traditional home.
▼ + stars: | 2023-04-23 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

She described the joys of living in a van — and its less romantic sides, like showering at the gym. This as-told-to essay is based on a conversation with a 38-year-old personal assistant about going from a traditional apartment to living in a van. For the first couple of weeks of living in my van, I would park in front of the high-rise apartment complex that I used to live in. I also learned that van life is very popular in the West. I'm never going back to traditional housingWhen I first got into van life, I didn't research how to make it work.

☆ Australia unveils direct pathway to citizenship for New Zealanders
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, April 22 (Reuters) - Australia announced on Saturday a direct pathway to citizenship for New Zealanders living in the country, reversing controversial visa rules a day before a visit by New Zealand Prime Minister Chris Hipkins. Hipkins, set to visit Queensland state's capital Brisbane on Sunday, hailed the move as "the biggest improvement in the rights of New Zealanders living in Australia in a generation". "Kiwis taking up Australian citizenship will still retain their New Zealand citizenship. The changes also meant children born in Australia since July to an Australia-based New Zealand parent would be automatically entitled to Australian citizenship, he said. Around 670,000 New Zealand citizens live in Australia, while there are around 70,000 Australians in New Zealand, according to Australia's Department of Foreign Affairs and Trade.

☆ Australia eases pathway to citizenship for New Zealanders
▼ + stars: | 2023-04-22 | by ( ) edition.cnn.com time to read: +2 min

Australia announced on Saturday a direct pathway to citizenship for New Zealanders living in the country, reversing controversial visa rules a day before a visit by New Zealand Prime Minister Chris Hipkins. Hipkins, set to visit Queensland state’s capital Brisbane on Sunday, hailed the move as “the biggest improvement in the rights of New Zealanders living in Australia in a generation”. “Kiwis taking up Australian citizenship will still retain their New Zealand citizenship. The changes also meant children born in Australia since July to an Australia-based New Zealand parent would be automatically entitled to Australian citizenship, he said. Around 670,000 New Zealand citizens live in Australia, while there are around 70,000 Australians in New Zealand, according to Australia’s Department of Foreign Affairs and Trade.

☆ At Shanghai show, auto rivals lure drivers with in-car karaoke, crystal balls
▼ + stars: | 2023-04-20 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +4 min

[1/2] A Zeekr X is displayed at the Auto Shanghai show, in Shanghai, China April 18, 2023. REUTERS/Aly SongSHANGHAI, April 20 (Reuters) - Automakers keen to make a splash at the Shanghai auto show showed off vehicles boasting features from crystal balls to in-car karaoke systems and 3D dashboards, as competition to attract drivers heats up in the world's largest auto market. Chinese automakers have been grabbing market share from foreign rivals in recent years in part by courting drivers with tailored lifestyle services and by releasing new models more quickly. "So many new vehicles, so many new Chinese vehicles looking very good," said Patrick Koller, chief executive of French auto parts supplier Faurecia (EPED.PA). This costs a fortune and it doesn't give you the time to really mature innovations and technology," Koller said.

☆ Children cat-killing contest axed following backlash in New Zealand
▼ + stars: | 2023-04-20 | by ( Heather Chen | ) edition.cnn.com time to read: +5 min

CNN —A contest planned for children in New Zealand to hunt and kill feral cats as part of a drive to protect native species has been axed following backlash from the public and animal rights groups. In neighboring Australia, authorities say feral cats threaten the survival of more than 100 native species. Feral cats are blamed for killing millions of birds, reptiles, frogs and mammals, every day, prompting authorities to arrange regular culls. The New Zealand Society for the Prevention of Cruelty to Animals said it was “both pleased and relieved” that the cat-killing contest for children had been removed. Blackie, who has studied feral cats for two decades, said numbers had exploded in the last decade, and in some areas where pests were tracked by camera, feral cats outnumbered other species like possums.

☆ Nio says it won't join the 'price war' and slash prices like Tesla
▼ + stars: | 2023-04-18 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

watch nowSHANGHAI — Chinese electric car company Nio will keep its prices high rather than cut them, CEO William Li told CNBC in an interview. "For us, we will certainly not join the price war," Li said, claiming Nio's products and services are worth the price. Tesla , Elon Musk's car company, this year slashed prices in the U.S. and China. New energy vehicles — which includes hybrid and pure electric — saw penetration of passenger car sales reach 34% in March, according to the China Passenger Car Association. Within that market, Nio said it delivered 31,041 vehicles in the first quarter, up by 20.5% year-on-year.

☆ No date for coal phase out as G-7 environment ministers wrap meeting in Japan
▼ + stars: | 2023-04-16 | by ( ) www.cnbc.com time to read: +4 min

A smokestack stands behind piles of coal at the coal-fired Onyx Kraftwerk Farge power plant on March 10, 2022 near Bremen, Germany. Environment and energy ministers from G-7 countries wrapped two days of talks in northern Japan on Sunday without acting on Canada's push to set a timeline for phasing out coal-fired power plants. In a statement posted to Twitter Sunday, Guilbeault said he still welcomed the shared commitment between G7 countries to accelerate coal phaseout, but also called for greater urgency. Japan advocated instead for its own natural strategy that includes the use of what the country calls "clean coal," where the emissions are captured. A report released earlier this month by the Global Energy Monitor — a group that tracks global energy projects — found G-7 countries account for 15% of the world's operating coal capacity.

☆ Farallon steps up activism at biotech company Exelixis. Here’s what could happen next
▼ + stars: | 2023-04-15 | by ( Kenneth Squire | ) www.cnbc.com time to read: +9 min

Farallon is not an activist investor but will pursue an activist agenda when it feels forced to do so. As the strategy of shareholder activism has become more mainstream, it has been utilized by a larger breadth of investors. The firm has been a shareholder of Exelixis since 2018 and is just now going public with their concerns. Farallon would also like to see Exelixis commit to a much larger share repurchase program than the $550 million it has announced. Farallon is nominating only three directors to this board, and it befuddles us as to how Exelixis does not see this as a gift.

☆ How Severe Is the Housing Shortage? It Depends on How You Define ‘Shortage’
▼ + stars: | 2023-04-14 | by ( Josh Zumbrun | ) www.wsj.com time to read: 1 min

How many new homes does the U.S. need to build to restore normalcy to the housing market? While everyone seems to agree there’s a housing shortage, there’s little agreement on its magnitude. The National Low Income Housing Coalition says the U.S. has a shortage of 7.3 million units, Realtor.com says 6.5 million, mortgage-finance company Fannie Mae says 4.4 million and Up for Growth, a policy group focused on the housing shortage, says 3.8 million units. John Burns Research & Consulting, a real-estate industry consultant, puts it at just 1.7 million.

☆ Column: Peak emissions hopes to be tested as China & Europe crank output
▼ + stars: | 2023-04-13 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +5 min

Industries in both regions were impaired in 2022 by repeated COVID-19 lockdowns in China and a power crisis in Europe, which resulted in sharp cuts to their combined industrial output. Even so, China and Europe still lifted fossil fuel power emissions of carbon dioxide (CO2) to a record 5.99 billion tonnes in 2022, Ember data shows, which is a testament to their combined polluting heft even during times of economic distress. Power sector emissions from fossil fuelsIn 2023, the economies of China and Europe are expected to return to growth paths as factories and production lines dial up output from the subdued levels of last year, resulting in higher overall energy use. That may lift emissions even higher, and confound expectations for drops in fossil fuel pollution levels going forward. German production of steel, chemicals and fertilizers have all climbed in early 2023 after having fallen precipitously during 2022 when power prices surged.

☆ These are the 9 least expensive states to start a business—none of them are in the northeast
▼ + stars: | 2023-04-12 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

Nevada tops this ranking as the least expensive U.S. state to start a small business, due to factors like an abundance of available commercial space and the state's lack of corporate income tax. Small business loans were also widely available in those two states in 2020, the most recent year with complete Small Business Administration data. Arkansas small businesses received nearly $43 million in loans per 100,000 residents that year, the sixth-highest of any state. Some states offer tax credits for businesses in specific industries, which could help some startups and not others. "For entrepreneurs who have the ability to pick and choose where they want to start their business, it's clear that certain states will allow you to save money," the ranking noted.

☆ Inside the AI talent wars: Tech companies are ransacking university AI programs at Stanford, MIT, and Cornell in search of rare talent
▼ + stars: | 2023-04-12 | by ( Stephanie Palazzolo | Melia Russell | ) www.businessinsider.com time to read: +11 min

☆ How an OnlyFans creator has used a 'hot teacher' persona and heavy Reddit promotion to earn $827K in revenue
▼ + stars: | 2023-04-11 | by ( Nhari Djan | ) www.businessinsider.com time to read: +6 min

Here's how the couple built their platform, with the help of pay-per-view content and Reddit. The wife and husband duo behind the "@Haute_for_Teacher" OnlyFans account were ahead of the curve when they signed up in September 2019. She uses Anne Bancroft's character in "The Graduate" as an alias, though she said people typically call her by her handle because Mrs. Robinson is a popular name among OnlyFans creators. You need a strong persona to succeed on OnlyFans without showing your faceIt's not easy to run a successful OnlyFans account without showing your face. Robinson also said OnlyFans creators can't take breaks or lose momentum because they risk losing money.

☆ Question: How are some bars boosting profits? Answer: Trivia nights
▼ + stars: | 2023-04-07 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +9 min

In February, she begged friends to come to Talea's first trivia night, fearing only a few players would show up. NYC Trivia League, which hosts trivia at over 100 venues across New York City, recently surpassed its weekly event count from early 2020 and the Covid-19 pandemic lockdown. Brooklyn Brewery has been hosting trivia nights with the NYC Trivia League since 2019. Bumpy road to recoveryWith so many new venues hosting trivia nights, Kostyo cautioned bars may "cannibalize each other" as more businesses try to plant their flag in the trivia space. On a trivia night, we are easily doubling our sales from the previous night.

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