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☆ A 30-year-old property owner in Seattle is experimenting with short-term rentals and overcoming the 'Airbnbust' by setting up one-of-kind listings, including a 70s-themed 'Groovy Guest House'
▼ + stars: | 2023-03-09 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Real estate investor Peter Keane-Rivera recently got into short-term vacation rentals. After nearly five and a half years of doing long-term rentals, Seattle-based property owner Peter Keane-Rivera is experimenting with short-term vacation rentals via Airbnb. "He said, 'you'll pretty much double the rent on a long-term rental unit if you convert it to a short-term vacation rental,'" Keane-Rivera, who works full-time at a large aerospace manufacturer in the Seattle area, told Insider. While that may have been true when his mentor was listing Airbnbs, vacation rental bookings started slowing down in 2022 and hosts started worrying about what was coined 'Airbnbust.' After looking through listings of other Airbnbs in the Seattle area and evaluating his competition, Keane-Rivera settled on creating a 70s-themed space.

☆ A startup raised $79 million for its open smart-locker network. Check out the pitch deck it used to raise the funds.
▼ + stars: | 2023-03-08 | by ( Maybrit Martschin | Nathan Rennolds | Business Insider Deutschland | ) www.businessinsider.com time to read: +2 min

Myflexbox is an Austrian startup that offers a smart-locker network. The company uses an open API to connect operating systems from different delivery providers. Insider has an exclusive copy of the pitch deck it used to raise 75 million euros. To help them achieve this, the founders recently secured 75 million euros, or about $79 million, in new funding. Insider has an exclusive copy of the pitch deck it used to raise the funds.

☆ Artificial intelligence could soon be widely used to detect breast cancer — and may be more effective than doctors at doing so, study says
▼ + stars: | 2023-03-05 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Experts are debating the most effective uses of artificial intelligence as the technology grows. One of the most beneficial use cases so far has been the tech's ability to identify cancer, the NYT reported. The success of using AI to detect cancer in the Hungarian clinics has inspired doctors in England, Scotland, and Finland to also experiment with the technology, per the Times. Companies have been developing such programs for years, as existing artificial intelligence technologies grow increasingly capable of more complex tasks. "An AI-plus-doctor should replace doctor alone, but an AI should not replace the doctor," Peter Kecskemethy, a computer scientist and cofounder of a company that develops the AI programs assisting doctors, told the Times.

☆ It's unlikely the Fed is going to reduce interest rates in next 18 months: Aperture Investors CEO
▼ + stars: | 2023-02-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's unlikely the Fed is going to reduce interest rates in next 18 months: Aperture Investors CEOPeter Kraus, Aperture Investors chairman and CEO, joins 'Squawk Box' to discuss Kraus' thoughts on a potential soft landing, what Kraus is doing as an investor in this environment, and more.

☆ Watch CNBC's full interview with Aperture Investors CEO Peter Kraus
▼ + stars: | 2023-02-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Aperture Investors CEO Peter KrausPeter Kraus, Aperture Investors chairman and CEO, joins 'Squawk Box' to discuss Kraus' thoughts on a potential soft landing, what Kraus is doing as an investor in this environment, and more.

☆ Travel demand is hot, but some prices may cool: These are the stocks for spring break and beyond
▼ + stars: | 2023-02-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +9 min

Last week, Hilton Worldwide CEO Chris Nassetta said, "The demand trends here and now are really strong." In the home-rental space, Airbnb also said it was seeing continued strong demand at the start of 2023. China's reopening from its Covid lockdown is also helping propel travel demand, as well as the tick up in business travel, she said. "The trends have been really strong since January," he said. Airlines like Delta, American Airlines and United Airlines cited strong travel demand and higher fares for fueling their strong fourth-quarter earnings — as well as for forecasts for this year.

☆ YouTube CEO Susan Wojcicki is stepping down
▼ + stars: | 2023-02-16 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

YouTube CEO Susan Wojcicki is stepping down, the company shared in a blog post Thursday. Chief product officer Neal Mohan will be the new head of YouTube. Wojcicki became CEO in 2014 after moving over from Google. Wojcicki became CEO in 2014, coming from Google, YouTube's parent company. Under her leadership, YouTube launched products like YouTube Gaming, YouTube Music, YouTube Premium, and YouTube TV.

☆ Turkish woman dies a day after her rescue
▼ + stars: | 2023-02-11 | by ( ) www.reuters.com time to read: +2 min

[1/3] Rescuers carry a woman named Zeynep, as the search for survivors continues, in the aftermath of a deadly earthquake in Kirikhan, Turkey February 10, 2023. German rescuers pulled 40-year-old Zeynep Kahraman out of the rubble in the town of Kirikhan in southern Turkey on Friday. "We have just informed the team that she has unfortunately passed away and are now processing this in the team." The German workers made contact with the woman while she was still deep inside the rubble and kept her hydrated through a hose. The combined death toll from Monday's quake in southern Turkey and northern Syria now exceeded 24,000.

☆ Expedia CEO Peter Kern on Q4 earnings miss
▼ + stars: | 2023-02-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpedia CEO Peter Kern on Q4 earnings missPeter Kern, Expedia CEO, joins 'TechCheck' to discuss the company's disappointing quarterly earnings report, what's next for travel demand and more.

☆ Watch CNBC's full interview with Expedia CEO Peter Kern
▼ + stars: | 2023-02-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Expedia CEO Peter KernPeter Kern, Expedia CEO, joins 'TechCheck' to discuss the company's disappointing quarterly earnings report, what's next for travel demand and more.

☆ Expedia profit misses as severe weather weighs on holiday quarter, shares fall
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +1 min

Feb 9 (Reuters) - Online travel booking company Expedia Group Inc (EXPE.O) missed Wall Street estimates for fourth-quarter profit on Thursday, as severe weather conditions toward the end of the year hurt its business despite strong travel demand. "While our Q4 results were negatively impacted by severe weather, demand was otherwise strong and accelerating," Expedia Chief Executive Officer Peter Kern said in the company's earnings release. Expedia reported fourth-quarter adjusted profit of $1.26 per share for the quarter ended Dec. 31, short of estimates of $1.67 per share, according to Refinitiv data. Expedia's revenue of $2.62 billion missed Street estimates of $2.7 billion. Meanwhile, the Seattle-based company reported $20.5 billion in total gross bookings across its travel products including lodging and flights, up 17% a year prior.

☆ Morning Bid: Market to ChatGPT: what's Powell gotta say?
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +2 min

[1/2] ChatGPT logo and rising stock graph are seen in this illustration taken, February 3, 2023. Google owner Alphabet (GOOGL.O) unveiled a rival to super popular ChatGPT, saying it will launch a chatbot service named 'Bard'. Asian shares held their ground while the rally in the U.S. dollar took a breather on Tuesday. Reuters GraphicsMeanwhile, a deadly earthquake killed more than 3,700 people across a swathe of Turkey and northwest Syria, sending Turkey's lira to a record low. Before Powell takes centre stage and hogs the limelight, Bank of England's Huw Pill is also due to speak and his comments on monetary policy will likely move markets.

☆ A flurry of earnings reports, Fed rate hike, signs of a bull market
▼ + stars: | 2023-02-04 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Earnings season continues next week, with Club holdings Linde (LIN), Emerson Electric (EMR) and Walt Disney (DIS) all set to report. Similarly, shares of Meta Platforms (META) have surged over 20% since CEO Mark Zuckerberg reassured investors Wednesday evening that 2023 would be the technology giant's "year of efficiency." The bull case is further supported by continued signs inflation is easing, a still-robust job market and the breadth of market-buying activity since the start of the year. Lastly on Wednesday, the Fed's Federal Open Market Committee raised the federal funds rate by 25 basis points, in line with expectations. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ ECB set to raise rates again in May, policymakers say
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +2 min

While neither would specify where rate hikes could end, Simkus said the ECB could be approaching a peak. "I think that we are already moving towards that terminal rate." Indeed, analysts polled by the ECB expect the euro zone central bank to eventually conquer inflation - but not for another two years. Markets currently price the terminal rate at 3.35%, suggesting that some investors see just a 25-bp move after the already signalled March move, while others see 50. Companies surveyed by the central bank were planning to raise prices at a slower pace and with less conviction.

☆ Tech stocks just finished a five-week rally — the longest stretch since market peak in Nov. 2021
▼ + stars: | 2023-02-03 | by ( Ari Levy | ) www.cnbc.com time to read: +4 min

In this article .IXIC Follow your favorite stocks CREATE FREE ACCOUNTTech stocks on display at the Nasdaq. Peter Kramer | CNBCCost control is kingMeta was the top performer among the group this week, with the stock soaring 23%, its third-best week ever. "That was really the game-changer," said Stephanie Link, chief investment strategist at Hightower Advisors, in an interview on Friday with CNBC's "Squawk Box." From the year of its IPO in 2012 through 2021, the company grew between 22% and 58% a year. But in 2022 revenue fell 1%, and analysts expect growth of only 5% in 2023, according to Refinitiv.

☆ Take Five: The Bottom Line
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +5 min

Australia and India's central banks are navigating the shifting sands of data and markets are digesting what the world's top central banks have to offer. The question is what impact this will have on bonds and stocks markets after a stellar January? Reuters Graphics4/ RUN RALLY, RUNIt was a stellar start to 2023 for markets - stocks and government bonds enjoyed one of the best Januaries on record, fuelled by optimism that the worst is over. That's not good for a central bank, nor is the idea that their communication is ineffective. Policy rate hikes and cuts by central banks overseeing the 10 most traded currencies.

This would take the rate the ECB pays on bank deposits to the highest level since November 2008, after a steady climb from a record low of -0.5% in July. Reuters GraphicsThe ECB said in December that rates would be increased "at a steady pace" until it is happy inflation is heading back down to its 2% target. BNP Paribas also thought the ECB might take out the reference to a "steady pace" of rate hikes or offset it so that a 50-basis-point increase would be "not predetermined (but) still a possible outcome". And an ECB survey showed banks were tightening access to credit by the most since the 2011 debt crisis - usually the harbinger of lower growth and slowing inflation. To some observers, this meant the ECB would be wise not to commit to any future policy move.

☆ 5 things to know before the stock market opens Monday, January 30
▼ + stars: | 2023-01-30 | by ( Mike Calia | ) www.cnbc.com time to read: +4 min

This week it will run into some big tests, given the earnings schedule dominated by big tech names (more on that below) and the Federal Reserve's next moves. Here's a look at the earnings week ahead: Tuesday: General Motors McDonald's UPS Pfizer Spotify Snap AMDWednesday: Peloton MetaThursday: Apple Alphabet Amazon Ford Starbucks Qualcomm3. Renault aims to cut Nissan stakeRenault and Nissan automobile logos are pictured during the Brussels Motor Show on January 9, 2020 in Brussels. France's Renault and Japan's Nissan have agreed to restructure their agreement, which they struck in 1999. The overall health and size of its business allows it to mix things up and try new things.

☆ A mailman, a NASA scientist and a park ranger: Some government employees shrug off TikTok bans
▼ + stars: | 2023-01-28 | by ( David Ingram | David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com time to read: +8 min

Jean-Pierre, who’s from Morristown, New Jersey, has attracted 215,500 followers on the video app where most days he posts from his mail truck during his lunch break. As of last month, all federal workers are banned from having TikTok on their work phones. In some places, using a personal device isn’t enough to get around TikTok restrictions. There’s no telling precisely how many federal workers use TikTok, but certain hashtags show the breadth of its popularity. The public relations staff at some federal agencies said they had no plans to interfere with what federal workers did on their own.

☆ Abuses Proliferate in Police Squads Like Memphis's Scorpion Unit
▼ + stars: | 2023-01-28 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +27 min

Street Crime Unit. Jon Naso/NY Daily News Archive via Getty ImagesMemphis police chief Davis also has prior experience with special street crime units. Street crime squads are popular among politicians who say only aggressive policing will reduce violent crime. In the late 1990s, the Street Crime Unit tripled in size, amid a panic over a rising number of homicides. In a city grappling with violent crime, authorities touted the Street Crime Unit as a bright spot.

☆ Hawaii man imprisoned for 1991 murder and rape of tourist released after judge hears new evidence of innocence
▼ + stars: | 2023-01-25 | by ( The Associated Press | ) www.nbcnews.com time to read: +7 min

A court officer removes Albert Schweitzer's handcuffs at a hearing in Hilo, Hawaii, on Jan. 24, 2023. “Nerves, anxiety, scared.”The justice system is “flawed,” he said, calling himself one of many imprisoned for crimes they didn’t commit. Some intentional and some unintentional.”Ireland’s relatives couldn’t immediately be reached for comment on the petition and Schweitzer’s release. In 2019, Schweitzer’s attorneys and Hawaii County prosecutors entered into a “conviction integrity agreement” to reinvestigate the case. Despite the lack of evidence linking them to the killing, the two Schweitzers and Pauline were indicted in 1997.

☆ NYSE's Tuesday trading glitch explained — Why some of the trades may be busted
▼ + stars: | 2023-01-24 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Dozens of stocks opened at prices well above or below their prior day closing prices. Every day, stocks open at the NYSE at or near 9:30 a.m. There is only a single opening price, which is determined by thousands of orders to buy and sell individual stocks. A single price is then quoted at the open and all orders are aggregated into a single opening "auction print." Most likely, the "correct" opening price will be the price when the stocks reopened.

NEW YORK, Jan 23 (Reuters) - The dollar edged lower against the euro on Monday, as the common currency found support from European Central Bank officials' comments signalling additional jumbo interest rate rises in Europe. The euro reached as high as $1.0927 , to trade at its highest level since April last year, before paring gains to trade up 0.1 % at $1.0865. A Reuters survey of analysts also favoured hikes of 50 basis points at the next two meetings and an eventual rate peak of 3.25%, from the current rate of 2%. "Really what's driving things is central bank policy divergence," said Joe Manimbo, senior market analyst at Convera in Washington. So when you weigh the outlook for central bank policy, it depicts the dollar at a disadvantage, given market bets on the Fed moving more slowly than its counterparts abroad," Manimbo said.

The euro reached as high as $1.0927 , breaking the recent peak of $1.08875, to trade at its highest level since April last year. The single currency was aided by European Central Bank (ECB) governing council members Klaas Knot and Peter Kazimir, who both advocated for two more 50 basis point hikes at meetings in February and March. A Reuters survey of analysts also favoured hikes of 50 basis points at the next two meetings and an eventual rate peak of 3.25%, from the current rate of 2%. Investors also have around 50 basis points of U.S. rate cuts priced in for the second half of the year, reflecting softer data on inflation, consumer spending and housing. The pound rose as high as $1.24475 , its highest in seven months, before turning 0.3% lower to $1.2355.

[1/3] Signage is seen outside the European Central Bank (ECB) building, in Frankfurt, Germany, July 21, 2022. The Dutch and Slovak central bank governors gave explicit support for a bigger move in March while ECB President Christine Lagarde also appeared to back such an increase. But it is not a reason to slow the tempo of raising interest rates," Kazimir said in a statement on Monday. "I am convinced that we need to deliver two more hikes by 50 basis points." Economists polled by Reuters expect the ECB to deliver 50 basis point interest rate rises at each of its next two meetings.

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