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A recent report by the Bank of America Institute compared population with housing supply. San Antonio, Dallas, Orlando, and Houston have high population growth and low housing supply. Anna Zhou, an economist at the Bank of America Institute, said in a recent report that housing supply is unusually constrained right now, as measured by months' supply. Finally, cities in the upper-left quadrant identified in red have high housing supply but a declining population, putting them in the "cold" group. Zhou highlighted San Antonio, Dallas, Orlando, and Houston as among the "hot" cities experiencing high population growth coupled with low housing supply.
Persons: Anna Zhou, Zhou, That's, US . Bank of America Zhou Organizations: Bank of America Institute, Houston, Bank of America, National Association of Realtors, US . Bank of America, BofA Global Research, Jacksonville, Las Vegas, Portland , Oregon ., Portland , Oregon . Los Angeles Locations: San Antonio, Dallas, Orlando, Cities, Tampa, Jacksonville, Antonio, Houston, 2Q24, St, Louis, Detroit, Miami, droves, Jacksonville , Florida, Columbus , Ohio, Charlotte, Nashville, San Francisco , New York, Boston, Portland , Oregon, Portland , Oregon . Los
These shifts have sparked conversations among financial advisors and their clients, who may have varying levels of optimism about the country's economic outlook. Of course, with recessions notoriously difficult to predict, even for economists, advisors have warned clients about making fear-based investing decisions. Recession 'highly unlikely' in the next 12 monthsOne definition of a U.S. recession is two consecutive quarters of negative gross domestic product, or GDP, which happened during the first two quarters of 2022. 'We constantly educate our clients'Whether the economy is heading for a mild recession or soft landing, experts emphasize the need for ongoing client education. "We constantly educate our clients and make them prepared for whatever the world's going to throw their way," she added.
Persons: buzzword, Douglas Boneparth, Boneparth, Ted Jenkin, Jenkin, Carolyn McClanahan Organizations: Federal Reserve, Bone, CNBC's, U.S . Bureau of Labor Statistics, U.S . Labor Department, National Bureau of Economic Research, CNBC's FA, Planning Partners Locations: U.S, New York, Atlanta, CNBC's, Jacksonville , Florida
Jenny Goff, right, reaches out to a child at Central Park Child Care Center in Vancouver, Washington. Ariane Kunze | The Columbian via APWhy child care costs are so highRising fees at child care centers are contributing to the growing costs of child care, as well as inflation and changes in parents' work status, according to Care.com. Many day care centers shuttered during the pandemic, leaving the few that stayed open with limited slots available. The new child fee is usually used to fund teachers' education, books and materials for the classes, she added. Financial advisors say there are several other ways parents can plan ahead to help cover child care costs.
Persons: Jenny Goff, Ariane Kunze, Sophia Bera Daigle, Daigle, Carolyn McClanahan, McClanahan, Care.com Organizations: Central, Child Care Center, AP, CNBC FA Council, Planning Partners, CNBC FA Locations: Vancouver , Washington, Jacksonville , Florida
How hospitals are using A.I. to fight doctor burnout
  + stars: | 2023-08-07 | by ( Bertha Coombs | ) www.cnbc.com   time to read: +3 min
Foy and other doctors at Baptist Health have been using the DAX app, powered by artificial intelligence, from Microsoft's Nuance division since last year. The program transcribes doctors' and patients' comments, then creates a clinical physician summary formatted for an electronic health record. Dr. Trachella Johnson CNBCThe app frees doctors from having to type up notes during patient visits, and from having to finish them up at night. The cost of tackling burnoutHarnessing AI programs to put pajama time to rest, and helping doctors and nurses fight burnout, is a top priority for Baptist Health's chief digital and information officer Aaron Miri. "There's new economies of scale ... that healthcare will be able to get into [by] leveraging AI," Miri said.
Persons: Tra'chella Johnson Foy, Foy, Trachella Johnson, Aaron Miri Organizations: Baptist Health, Trachella Johnson CNBC, Baptist, National Bureau of Economic Research Locations: Jacksonville , Florida, Miri
Joe Steilberg, 27, moved to Tampa with his business partner for a job during the pandemic. I founded Twos, a note-taking and organization app, with my co-founder Parker Klein, before we moved to Tampa . Tampa, Florida. Until someone plugged us into this community called Embarc collective, it's a startup community with 150 startups. Not only for myself, but as an investment, because I am really, really bullish on Tampa, and I think that it will have a similar growth to Miami.
Persons: Joe Steilberg, I've, Parker Klein, Austin, Steilberg, COVID, Let's, Tampa, It's, you'd, we're Organizations: Service, University of South, Tampa Bay Ventures, Dallas, Florida, Google, Clearwater, University of Tampa Locations: Tampa, Florida , South Carolina, Texas, Wall, Silicon, Florida, Atlanta, Miami, Jacksonville, University of South Carolina, Austin, Austin , Texas, Dallas, benedek, Tampa , Florida, East, walkable, San Jose, Tampa Heights, Clearwater Beach, Ixefra, We're, Europe
CNN —The US Coast Guard rescued a 25-year-old man Saturday who was reported missing after failing to return to a boat ramp in St. Augustine, Florida, for nearly two days. He did not have any medical concerns, the Coast Guard said. US Coast Guard SoutheastGregory was last seen Thursday night, the Coast Guard said in an earlier release, leaving the Lighthouse Park Boat Ramp in the jon boat – a type of small, lightweight and flat-bottomed vessel. His family on Friday evening informed Coast Guard Sector Jacksonville he had not returned. “We heard about someone missing, then we found out it was him missing,” Strange said.
Persons: Charles Gregory, jon, Charles, Nick Barrow, ” Barrow, ” Charles Gregory, Gregory, Tory Strange, , ” Strange Organizations: CNN, US Coast Guard, HC, Coast Guard, Coast Guard Sector Jacksonville Locations: St, Augustine , Florida, Vilano
CNN —Clifton Oliver, a stage actor who starred in “The Lion King” on Broadway and a number of other productions, has died at the age of 47, according to social media posts from family and friends. The Broadway actor died following an undisclosed illness early Wednesday morning, according to a Facebook post by his sister, Roxy Hall. Clifton Oliver performs as Simba in the "Lion King" in Los Angeles on September 28, 2000. In 2010, he moved to New York to pursue a career on Broadway, where he notably starred as Simba in “The Lion King,” the highest-grossing Broadway show of all time, according to Playbill. Other Broadway shows he took part in include “Wicked” and “In the Heights,” as reported by Playbill.
Persons: Clifton Oliver, , King ”, Roxy Hall, Simba, Kirk McKoy, ” “, Richard, , Oliver, Organizations: CNN, Broadway, Los Angeles Times, Playbill, Pride, American, New Amsterdam Theatre Locations: Los Angeles, Jacksonville , Florida, New York, , Las Vegas
Darya Komarova | Moment | Getty Images'The dots need to be connected for consumers'Exposure to our older selves is only part of the process of making decisions for retirement, experts say. While the TikTok filter has recently made it popular to look at our future selves, this type of application has been around since the early 2000s, said Joseph Coughlin, director of the Massachusetts Institute of Technology AgeLab. Once people see an image of their older selves, they tend to feel differently about their future decisions. Successful, lasting behavioral changes typically come with incentives to work toward, such as saving money or exercising, Coughlin said. Pairing the videos with prompts to save more money or invest more toward retirement may be effective, according to UCLA's Hershfield.
Persons: Darya, Joseph Coughlin, Coughlin, UCLA's Hershfield, Hershfield, Victor Ricciardi, Ricciardi, Carolyn McClanahan, Drazen Zigic Organizations: Massachusetts Institute of Technology AgeLab, Ursinus College, Behavioral Finance, Planning Partners, CNBC FA, Istock, Getty Locations: Jacksonville , Florida
How much do you need for a down payment on a house? On a $200,000 home, a 3% down payment means you'll need $6,000. FHA mortgage: 3.5%To get an FHA mortgage, you'll need at least a 3.5% down payment. It depends on what type of loan you're getting, but you may need between $9,000 and $60,000 for a down payment on a $300,000 house. A 20% down payment on a house allows you to avoid paying for private mortgage insurance, meaning you'll have a lower monthly mortgage payment and likely a lower mortgage rate as well.
Persons: you'll, Fannie Mae, Freddie Mac, you've Organizations: Service, Phoenix, Fort, Oklahoma, PMI, National Association of Realtors Locations: Oklahoma City, San Jose , California, Wall, Silicon, Government, York City, NY, Angeles, LA, Chicago, Houston, AZ, Philadelphia, Antonio, Diego, Dallas, Austin, Jacksonville, Fort Worth , TX, Jose, Columbus, Charlotte, NC, Indianapolis, Seattle, WA, Francisco, Denver, homeownership, Chevron
Miami-Dade County's population shrank between 2019 and 2022 — its first population loss since 1970. Between 2020 and 2022, almost 80,000 people left Miami-Dade county for other areas. Despite Florida's boom, which helped it become the fastest-growing state between 2021 and 2022, Miami-Dade County has been losing more residents than it's been gaining in recent years. Home prices in Miami have surged 53% since June 2020, the Journal reported, citing data from Zillow. The median home value for Miami-Dade County as a whole is now close to $490,000, up around 7% over the past year, according to Zillow.
Persons: it's, Louis Organizations: Miami, Dade, Service, Street Journal, Federal Reserve Bank of St, Brookings Institution, Census, Joint Center for Housing Studies, Harvard University, U.S . Census Bureau, Journal, Jacksonville — Locations: Miami, Wall, Silicon, Dade County, Florida, U.S, Ocala, Orlando, Tampa, Atlanta, Zillow
Miami-Dade County's population shrank between 2019 and 2022 — its first population loss since 1970. Between 2020 and 2022, almost 80,000 people left Miami-Dade county for other areas. Despite Florida's boom, which helped it become the fastest-growing state between 2021 and 2022, Miami-Dade County has been losing more residents than it's been gaining in recent years. Home prices in Miami have surged 53% since June 2020, the Journal reported, citing data from Zillow. The median home value for Miami-Dade County as a whole is now close to $490,000, up around 7% over the past year, according to Zillow.
Persons: it's, Louis Organizations: Miami, Dade, Service, Street Journal, Federal Reserve Bank of St, Brookings Institution, Census, Joint Center for Housing Studies, Harvard University, U.S . Census Bureau, Journal, Jacksonville — Locations: Miami, Wall, Silicon, Dade County, Florida, U.S, Ocala, Orlando, Tampa, Atlanta, Zillow
Simon Potter | Getty ImagesWhen it comes to stocks, investors face a big question: How much exposure is enough? At Fidelity, the allocations to equities in retirement funds are about 10% higher than where they should be, Shamrell said. watch nowSome of those investors with excess stock exposure may simply need to rebalance after recent market highs, Shamrell said. Experts say having the right mix of equities can go a long way toward helping retirees meet their financial goals. Importantly, a client's personal circumstances drive these goals, McClanahan noted.
Persons: Simon Potter, Mike Shamrell, boomers —, Shamrell, Carolyn McClanahan, McClanahan, Carl Smith, Sri Reddy Organizations: Getty, Fidelity Workplace, Security, Fidelity, Planning Partners, CNBC's, Principal Financial, iStock Locations: Jacksonville , Florida
Tampa, Florida, is becoming a popular place to move for younger millennials and Gen Zers. Below, why five 20-somethings moved to Tampa, in their own words, edited for length and clarity. Tampa has grown since I've moved here, and I think it's only going to get bigger. Noelle Lane, 23Nicole Lane Courtesy of Nicole LaneJob: Kindergarten teacherBefore Tampa: moved to Tampa at age 18 to attend collegeHome state: OhioI moved here in 2018 to go to the University of Tampa. I think Tampa is becoming a lot younger.
Persons: millennials, Zers, It's, somethings, Chris Brown, Chris Brown Job, Dylan, I've, I'd, , Noelle Lane, Nicole Lane, That's, Alexander Signori, it's, Joe Steilberg, Parker Klein, Let's, Laura Treche, There's Organizations: Service, Tampa, Chicago Home, Home, University of Tampa, Attended Florida State University, Tech, Riverwalk Locations: Tampa, Florida, Wall, Silicon, Tampa , Florida, Miami, TikTok, Austin, San Francisco, Tallahassee , Florida ; Massachusetts, Ohio, Massachusetts Tampa, I'm, Massachusetts, Chicago, California, LA, Los Angeles and New York, Sarasota, Bayshore, Tallahassee Hometown, South Florida, Charlotte , North Carolina, Northeast Boston, Denver, Seattle . Tampa, Texas, Jacksonville, Dallas, Hyde, Orlando, Tallahassee, Durham , North Carolina . North Carolina, St, Clearwater
Bowery, a vertical farming company that grows crops indoors, is getting more shelf space at Amazon 's Whole Foods, with a deal to triple the stores stocking its salad kits. Currently, Bowery's salad kits and a selection of greens are carried at 50 Whole Foods Market stores in the Northeast. The deal comes amid challenges for both vertical farming and Amazon's efforts to expand its grocery footprint. The vertical farming industry, meanwhile, has been under pressure, like many formerly high-flying, heavily VC-funded startup niches. According to PitchBook, through the first quarter of 2023, vertical farming deals declined by 91% year-over-year.
Persons: Matt Williams, Zesty Caesar, Balsamic Vinaigrette, romaine, Andy Jassy, Jassy Organizations: Foods, Bowery, CNBC, Walmart, Albertsons, Westside, FreshDirect, Amazon Locations: Northeast, Westside Market, Brooklyn, East Coast, Florida, Virginia, Tennessee , North Carolina, Charlotte, Atlanta, Jacksonville, Miami
CNN —Kevin Maxen has become the first male coach in a US men’s professional sports league to come out as gay. In an interview with Outsports, the Jacksonville Jaguars associate strength coach said he no longer wanted to lie, as well as hoping to inspire others by publicly coming out. “I don’t want to feel like I have to think about it anymore,” Maxen told Outsports. Carl Nassib became the first active NFL player in league history to announce that he is gay in 2021. I know our players and staff feel the same.”Per Outsports, Maxen is the “first publicly out male coach in a major American men’s pro sports league,” with WNBA coach Curt Miller, who publicly came out to the media as gay in 2015, also a publicly out male coach in an American professional sports league.
Persons: Kevin Maxen, Outsports, ” Maxen, Nick, , , Carl Nassib, Maxen, I’ve, Shahid Khan, Kevin, ” Khan, Curt Miller Organizations: CNN, Jacksonville Jaguars, ” Jacksonville Jaguars, Maxen, ESPN Locations: Jacksonville, American
Ron DeSantis took a personal shot at Joe Biden's treatment of Hunter Biden's four-year-old daughter. DeSantis' barb comes as Republican politicians increasingly antagonize Biden over Hunter Biden's four-year-old daughter in Arkansas. Roberts told The New York Times that she and Hunter Biden reached a mutual decision about the surname. President Biden has not publicly acknowledged the child, whose name was not listed in the court records. "Florida students deserve to learn how slaves took advantage of whatever circumstances they were in to benefit themselves and the community of African descendants."
Persons: Ron DeSantis, Joe Biden's, Hunter Biden's, DeSantis, Kamala Harris, Joe Biden, Harris, Biden, Florida he'd, Hunter Biden, Luden Roberts, Roberts, Donald Trump's, Harris zeroed, Dr, William Allen, Frances Presley Rice Organizations: Service, Gov, Twitter, The New York Times, White House, Delta Sigma Theta Convention, Florida Education Association, NAACP Florida, Conference, Miami Herald, Jacksonville Locations: Wall, Silicon, Florida, Arkansas, tussling, Indianapolis
After an overhaul to Florida’s African American history standards, Gov. Ron DeSantis, the state’s firebrand governor campaigning for the Republican presidential nomination, is facing a barrage of criticism this week from politicians, educators and historians, who called the state’s guidelines a sanitized version of history. For instance, the standards say that middle schoolers should be instructed that “slaves developed skills which, in some instances, could be applied for their personal benefit” — a portrayal that drew wide rebuke. In a sign of the divisive battle around education that could infect the 2024 presidential race, Vice President Kamala Harris directed her staffers to immediately plan a trip to Florida to respond, according to one White House official. “How is it that anyone could suggest that in the midst of these atrocities that there was any benefit to being subjected to this level of dehumanization?” Ms. Harris, the first African American and first Asian American to serve as vice president, said in a speech in Jacksonville on Friday afternoon.
Persons: Ron DeSantis, Kamala Harris, Ms, Harris Organizations: firebrand, Republican, White, American Locations: Florida, American, Jacksonville
The Financial Times has never published a headline reporting that a man was arrested after travelling almost two decades with a hacked debit card. While the post was likely intended as satire, some online questioned its veracity. Though likely intended to be satirical, some online questioned the story’s veracity, with one user saying: “If this is true, I wanna know how he did it & how he got caught” (here). The Financial Times confirmed this is not a genuine article. No such headline was published by the Financial Times.
Persons: , , Jax, Read Organizations: Times, Twitter, Financial Times, Reuters Locations: Jacksonville
Alex Evans moved from Jacksonville, Florida, to Mukaishima Island, Japan, in June 2022. I'm not in Hiroshima City, I'm in an island city, so the prices in Hiroshima City would be very different. We sold that house about a year before moving to Japan and rented for a year because it felt easier. Expenses for my family are significantly cheaper in JapanI ride my bike to a lot of places, but we do own a car. I feel a lot safer hereMy initial reason for moving was for family reasons, but pretty quickly after getting here, I had a lot of other reasons.
Persons: Alex Evans, He's, Evans, I'm, — it's, I've Organizations: Service, Nashville Locations: Jacksonville , Florida, Japan, Wall, Silicon, Mukaishima, Hiroshima City, Mocksville , North Carolina, Winston, Salem, Chapel Hill, South Carolina, Hawaii, Maui, Jacksonville, Hiroshima, I'm
Worldpay comprises the bulk of the FIS merchant business, which processes payments for companies. GTCR's offer prevailed over Advent International, another buyout firm that was also vying for the business, the sources said. If the negotiations conclude successfully in the coming days, FIS plans to keep a minority stake in the business, the sources said. FIS, which started in 1968 and serves big financial services corporations, has cut thousands of jobs since the review began. Chicago-based GTCR manages more than $35 billion in assets and invests across sectors, including financial services.
Persons: GTCR, Johnson, Kellogg, Shaw, Jana, Anirban Sen, David French, Milana, Greg Roumeliotis, Richard Chang Organizations: YORK, GTCR, Fidelity National Information Services, FIS, International, Financial Times, General Electric Co, Toshiba Corp, Jana Partners, Reuters, Black Knight Inc, Global, Service, Thomson Locations: Worldpay, Jacksonville , Florida, Chicago, New York
"People pull their kids from school for way stupider reasons than to go to a Taylor Swift concert," Vladek says to CNBC Make It. "That's the part Taylor Swift has done so brilliantly," she says. Taylor Swift doesn't." "When I was pregnant, I would hold my phone to my belly and play Taylor Swift," she says. "Honestly, I'd be crushed [if my daughter didn't like Taylor Swift].
Persons: Karen Vladek didn't, Taylor Swift, Taylor, Vladek, Maddie …, Swift, Tim McGraw, Michael Jackson, isn't, Kate Kurtin, Kurtin, Katy Perry, Russell Brand, Katy Perry's, , Sally A, Theran, Jake Gyllenhaal, Jessica Sawyer, Sawyer, Jessica Dinney, Swift's, Dinney, wouldn't, didn't, Harry Potter, I've Organizations: CNBC, California State University , Los, Wellesley College, Disney, Twitter Locations: Houston, Austin , Texas, California State University , Los Angeles, New York City, Philadelphia, Jacksonville , Florida, Tampa , Florida, Tampa
Macquarie to divest U.S. port terminal operator Ceres
  + stars: | 2023-06-29 | by ( ) www.reuters.com   time to read: +1 min
June 29 (Reuters) - Australian financial conglomerate Macquarie Group (MQG.AX) said on Thursday it would divest its U.S.-based port terminal operator Ceres Terminals, with a source familiar with the matter placing the deal value north of $900 million. The Wall Street Journal in May reported that Macquarie was looking for about $1 billion from the sale, citing sources familiar with the matter. The deal value could be at the lower end of what the Wall Street Journal reported, the source said. However, Ceres Terminals Jacksonville and Intermodal Container Transfer Facility in Jacksonville, managed by Ceres, will not be a part of the deal. They will continue to be owned by MIP III, Macquarie said.
Persons: Macquarie, MIP, MIP III, Craig Mygatt, Roushni Nair, Sameer Manekar, Rishav Chatterjee, Rashmi Aich, Subhranshu Organizations: Macquarie Group, Reuters, Street Journal, Wall Street Journal, Macquarie Infrastructure Partners, Nippon, Macquarie, Thomson Locations: Tokyo, Ceres Terminals Jacksonville, Jacksonville, Bengaluru
Pixdeluxe | E+ | Getty ImagesAmericans often worry about hitting specific money goals for retirement, but a new report finds that the decision to retire often happens independently of reaching that "magic number." The report found that more than a third, 36%, of households ages 55 to 64 are already retired. In that age group, 27% are within five years of stopping full-time work and 37% expect to continue working full-time for more than five years. About a third, 35%, of people in that age group who have less than $50,000 in investable assets described themselves as retired. That may be especially true of those in the 55-plus age group, who may believe they have enough, but cannot predict whether they will live another four decades.
Persons: haven't, Laura Varas, Carolyn McClanahan, that's, McClanahan Organizations: Getty, Hearts, Census, Federal Reserve, Finance, Planning Partners, CNBC Locations: U.S, Jacksonville , Florida
CNN —NFL free agent running back Leonard Fournette said he’s “blessed” after escaping a vehicle fire in Florida on Tuesday. But I am still blessed.”The NFL six-year veteran played the last three seasons with the Tampa Bay Buccaneers where he won the Super Bowl with the team in 2020. Last season, Fournette rushed for 668 yards and caught 73 passes for 523 yards in 16 games, nine of which were starts. Fournette holds the Buccaneers’ franchise record for most postseason rushing yards (362) and postseason yards from scrimmage (572). In six seasons with the Buccaneers and Jacksonville Jaguars, Fournette rushed for 4,478 yards with 34 rushing touchdowns.
Persons: Leonard Fournette, he’s “, Steve Gaskins, Fournette, Dodge, Gaskins, Organizations: CNN, NFL, Patrol, Tampa Bay Buccaneers, Buccaneers, Jacksonville Jaguars Locations: Florida, Tampa, Dodge Durango
WASHINGTON, June 23 (Reuters) - Critical U.S. air traffic control (ATC) facilities face staffing challenges and the Federal Aviation Administration "lacks a plan to address them," a government audit released on Friday found. The Transportation Department Office of Inspector General said the staffing issues pose risks to the continuity of air traffic operations. The report said the FAA has made limited efforts to ensure adequate controller staffing at the busiest air traffic control facilities, adding that 77% of critical ATC facilities are staffed below the FAA's 85% threshold. The center in busy Florida has had 300 staffing triggers - events when workforce issues require reducing air traffic, the report said. The Transportation Department in May sought $117 million to hire 1,800 air traffic controllers next year, in addition to 1,500 being hired this year.
Persons: General, York TRACON, David Shepardson, Chizu Nomiyama, Matthew Lewis Organizations: Federal Aviation Administration, Transportation Department, FAA, National, Jacksonville, The Transportation Department, Delta Air Lines, United Airlines, Washington National, New, ., Thomson Locations: U.S, Florida, New York JFK, LaGuardia, Newark, New York, York, Miami, Washington
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