DIRS.INFO The most relevant business & tech news

☆ The 10 most expensive places to buy a home in the U.S.—the top 5 are in California
▼ + stars: | 2024-07-05 | by ( Jade Thomas | ) www.cnbc.com time to read: +1 min

Half of the 10 most expensive places to buy a home in the U.S. in 2024 are in California, according to a recent study by SmartAsset. The study, which analyzed Zillow's housing data of the 100 largest metro areas in 2019, 2023 and 2024 found that median home sale prices have increased this year in all of the most expensive metro areas. While the Golden State is home to some of the country's wealthiest zip codes, it is also currently experiencing a housing shortage. What's happening in California is a snapshot of a larger national trend, with home prices now 47% higher than they were at the beginning of 2020. Here are the top 10 most expensive places to buy a home in the United States.

Organizations: National Association of Realtors, Golden State Locations: U.S, California, San Jose, Silicon Valley, Golden, United States

☆ Here's how bad housing affordability is now
▼ + stars: | 2024-06-25 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +4 min

Home prices set another record in April, even as mortgage rates rose and the supply of homes for sale increased. Usually, under those circumstances, prices would weaken, but today's housing market is unlike any other in recent history. The housing cost burden has hit a record, according to a new report from Harvard's Joint Center for Housing Studies. Housing supply was already low before the Covid pandemic hit, because homebuilders had yet to recover from the 2008 financial crisis. Then there was a pandemic-induced run on housing, causing supply to drop to record lows for several years.

Persons: Brian Luke, Dow, HJCH, homebuilders, Homebuilders couldn't, Orphe Divounguy Organizations: Mortgage News, Dow Jones, Harvard's, for Housing Studies

☆ Home prices are surging the fastest in these 19 US cities — rising more than 10% over the past 12 months
▼ + stars: | 2024-06-23 | by ( Christine Ji | ) www.businessinsider.com time to read: +1 min

It's a difficult housing market for new homebuyers as prices continue to increase. Home prices across the top 100 US metro areas rose 6% on average in the past year, SmartAsset found. We've listed the 19 cities where home prices have risen the most, with an increase of 10% or more. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementInflation might have come down, but the housing market is one area where prices are still rising, a recent analysis by the financial-education site SmartAsset found.

Persons: SmartAsset, —, we've Organizations: Service, Business

☆ Home prices are surging the fastest in these 19 US cities — rising more than 10% over the last 12 months
▼ + stars: | 2024-06-23 | by ( Christine Ji | ) www.businessinsider.com time to read: +1 min

It's a difficult housing market for new homebuyers, as prices continuing increasing. We've listed below the 19 cities where home prices have risen the most, increasing 10% or more. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementInflation might have come down, but the housing market is one area where prices are still rising, according to a recent analysis by financial education site SmartAsset. Nineteen of these cities saw price increases of 10% or greater, which we've compiled below.

Persons: SmartAsset, —, we've Organizations: Service, Business

☆ Why Five Below is struggling
▼ + stars: | 2024-06-14 | by ( Ryan Baker | Tala Hadavi | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Five Below is strugglingFive Below is a discretionary-focused, discount retailer that has experienced robust growth, both in its stock price and physical expansion nationwide. Since 2018, it has more than doubled its sales and store count. However, 2024 is off to a rough start. Five Below's share price hit a 52-week low in the first week of June as it grapples with two consecutive quarters of disappointing earnings results. Watch the video to find out why Wall Street thinks Five Below can make a rebound.

☆ Five Below has had a rough year so far. Here's why
▼ + stars: | 2024-06-14 | by ( Ryan Baker | ) www.cnbc.com time to read: +1 min

"It's been one of the success stories of U.S. retail over the past five or so years," said Neil Saunders, managing director of GlobalData Retail. Analysts attribute much of the company's success to its ability to stay on trend and offer value to the consumer. Despite an impressive few years of growth, things have taken a turn for the worse in 2024. "You're paying a premium to get the growth that they're providing you," said Joe Feldman, senior managing director of Telsey Advisory Group. "But that premium, when things don't go your way, like the shrink issue, it can hurt you.

Persons: It's, Neil Saunders, Joe Feldman Organizations: GlobalData Retail, Telsey Advisory

☆ Five Below bought so many Squishmallows that it hurt the discount company's bottom line
▼ + stars: | 2024-06-06 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

Five Below's sales were hurt due to overstock of Squishmallows and price-sensitive customers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFive Below said its sales were hurt this quarter because it bought far more Squishmallows than its customers wanted. The popular soft toys went viral in the years after their 2017 launch, becoming "Gen Z's Beanie Babies," Business Insider reported in 2020. On Wednesday, Five Below cut its forecasts for the year because of price-sensitive customers who are prioritizing buying food, candy, and drinks over Squishmallows.

Persons: —, Joel Anderson Organizations: Service, Business

☆ Rising home equity levels could help stoke pent-up demand for these two stocks
▼ + stars: | 2024-05-27 | by ( Brian Evans | ) www.cnbc.com time to read: +8 min

How long this trend will last is unclear, though it's clear a lot will depend on the direction of interest rates. This dynamic isn't surprising given a high interest rate environment that has pressured consumers. "Elevated interest rates are causing customers to defer their large discretionary projects," UBS analyst Michael Lasser said. "This means that a recovery should be robust as interest rates move lower." "Existing home sales also continue to be a material headwind to remodel activity as long as interest rates remain relatively high," Badishkanian said.

Persons: Richard McPhail couldn't, McPhail, Marvin Ellison, Bradley Thomas, Greg Melich, it's, Michael Lasser, Melich, bode, Wolfe, Greg Badishkanian, Badishkanian, Edward Decker, KeyBanc's Thomas, Ellison, Lowe's, Thomas, Lowe's Ellison Organizations: Home, Federal Reserve, Depot, CNBC, UBS, Home Depot, Wolfe Research, Lowe's, Pro, FactSet Locations: Lowe's, Friday's

☆ Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow
▼ + stars: | 2024-05-16 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

US home prices are set to rise by 1.6% over the next 12 months, Zillow forecasts. Factors include population growth, mortgage rates, and cost of construction supplies, and more. AdvertisementHome prices in the US are set to rise by 1.6% on average over the next 12 months, according to Zillow forecasts. In a recent analysis, financial information site SmartAsset compiled Zillow's price growth forecasts for 192 US metropolitan areas over the next year. Below, we've listed 22 cities where Zillow expects to see the largest price growth through the end of March 2025.

Persons: — Organizations: Service, Business

☆ Why the drag looks in ‘The Adventures of Priscilla, Queen of the Desert’ are still iconic, 30 years on
▼ + stars: | 2024-05-15 | by ( Caitlin Chatterton | ) edition.cnn.com time to read: +8 min

This is the opening scene from “The Adventures of Priscilla, Queen of the Desert”, which first screened at Cannes Film Festival 30 years ago this month. In the film, Tick (Hugo Weaving) and Bernadette (Terence Stamp) help Adam (Guy Pearce) realize his dream of climbing King Canyon in full drag. “I think that’s definitely one of the most iconic looks,” drag artist and costumer Philmah Bocks told CNN. Bocks has been designing costumes for 30 years, having broken into the drag scene around the same time “Priscilla” was hitting screens. The film’s legacy can also be seen in Australia’s drag scene today and, since 2021, has been broadcast to new audiences via contestants on “Rupaul’s Drag Race Down Under”.

Persons: CNN —, Belrose, Hugo Weaving, Mitzi Del, Priscilla , Queen, “, Tim Chappel, I’d, Elliott, Bernadette Bassenger, Terence Stamp, Adam Whitley, Felicia Jollygoodfellow, Guy Pearce, Priscilla, Queen, Bernadette, Adam, Chappel, ” Chappel, Susan Barber, Priscilla ”, Lizzy Gardiner, Oscar, Mitzi Del Bra, ”, Gloria Gaynor’s “, costumer Philmah Bocks, Bocks, Tim Chappel's, Priscilla ’, they’ve, couldn’t, I’ve, “ Priscilla ”, she’s, London’s, Katy Perry, they’re, Katy Perry’s, ” Bocks, Felicia Jollygoodfellow's, ” Stephan Elliott Organizations: CNN, Cannes Film, Miss Teen USA, Sydney, Cannes, Chappel, First Nations, Royce Locations: CNN — Sydney, Silicon, Sydney, Australia, Tasmania

☆ Trump Voter Proved MyPillow's Mike Lindell Wrong. He Wants $5 Million.
▼ + stars: | 2024-05-12 | by ( Brent Crane | ) www.businessinsider.com time to read: +19 min

He called it the Prove Mike Wrong challenge. He entered the Prove Mike Wrong challenge with low confidence he would win the exorbitant pot, estimating he had a 0.5% chance of disproving Lindell's "evidence." He had indeed Proven Mike Wrong, and now Mike must pay. In March, during a rally in Wisconsin, Trump praised him as "the great, legendary Mike Lindell." Jared Bartman for BIUnder deposition in the arbitration proceedings over his refusal to pay Zeidman, Lindell was a tornado of evasion and contradiction.

Persons: Joe Biden's, Mike Lindell, Donald Trump, Lindell, Trump, Bob Zeidman, Zeidman chafed, Mark Zuckerberg, Zeidman, Dennis Montgomery, Montgomery, Lindell's, Mike, Carrie, I've, Jared Bartman, George W, Bush, Mitt Romney's, Barack Obama, Romney, God, Lara Trump, Trump's, MyPillow, Zeidman's, Brian Glasser, Glasser, Zeidman pities Lindell, Biden, He's, he'll Organizations: Trump, Democrats, Oracle, Google, CIA, US, Zeidman, BI, Cleveland Jewish, Republican, Democratic Party, White, Republican National Committee, Lindell, Voting Systems, eTreppid Technologies, Trump International, bewilderment, Lindell Management Locations: Sioux Falls , South Dakota, Sioux Falls, Al Jazeera, Las Vegas, Vegas, Minnesota, Sumerlin, Israel, Trump, Wisconsin, Nevada, Montgomery, Sin City, America

☆ Adam Neumann says Jeff Bezos came up to him at an event and gave him a tip for running better meetings
▼ + stars: | 2024-05-10 | by ( Meghan Morris | ) www.businessinsider.com time to read: +3 min

Jeff Bezos recently advised Adam Neumann to speak last in meetings. Bezos' "speak last" strategy is supported by organizational psychologists like Adam Grant. AdvertisementJeff Bezos recently gave Adam Neumann some unsolicited advice: Speak last in meetings, a leadership style espoused by a leading organizational psychologist. Neumann said Bezos came up to him with the recommendation after the WeWork cofounder spoke at an event. Related storiesAt WeWork, Neumann was famous for his eccentric leadership style.

Persons: Jeff Bezos, Adam Neumann, Neumann, Adam Grant, —, Bezos, Flow's, Andreessen Horowitz, Lex Fridman, Jeff Organizations: Service, Thursday's Bloomberg Tech Summit, Business, Wharton School, University of Pennsylvania, Business Insider Locations: San Francisco

☆ Warren Buffett says one question posed by AI has stumped economists for a century
▼ + stars: | 2024-05-07 | by ( Michelle Castillo | ) www.cnbc.com time to read: +8 min

Calling AI profound, Buffet said that the technology is like a "genie" — once it gets let out of the bottle, it could have disastrous effects. It's a question, he said, that has riddled the best economists for a century. Warren Buffett is the first to admit he doesn't know much about artificial intelligence. This rebound has led to questions from corporate executives about factors that could be at play, from AI to return-to-office mandates. "Every company is looking at AI and deciding where it will help them," he said during a recent interview on CNBC's "Money Movers."

Persons: Buffett, Buffet, Warren Buffett, it's, couldn't, John Maynard Keynes, Keynes, Gary Cohn, Cohn, Dev Ittycheria, Elon Musk, Mark Zuckerberg, Sam Altman, Robert Solow, Berkshire Hathaway Organizations: Apple, Berkshire Hathaway, Berkshire, IBM, National Economic, CNBC, Nvidia, McKinsey, Harvard Business Locations: Omaha, Berkshire

☆ There's a conservative 'great migration' from blue states — and one place is the big winner
▼ + stars: | 2024-04-18 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

Conservatives are fleeing blue states in favor of red states. Conservatives are fed up with the cost of living, and the politics, in blue states. AdvertisementConservatives are flocking en masse from blue states to one Republican stronghold in particular: South Carolina. Chabot said blue states need to take a page out of red states' playbook. "And so if these blue states want to get better, then they need to look at what red states are doing to retain their populations and their businesses."

Persons: —, Paul Chabot, he's, Chabot, Brad Liles, homebuyers, Zillow, Washington state's, It's, Lina Brock Organizations: Service, Republican, Wall Street, The State, New York Times, Washington, Times, Furman University, Forbes, Census Bureau Locations: Carolina, South Carolina, North Carolina , Georgia, New York , California, Florida, Virginia , Pennsylvania, Texas , New Jersey, Maryland, Texas, California, Washington, Oregon, Democratic, Spartanburg, Greenville , South Carolina, United States, Greenville, Black, —

☆ I was a consultant at McKinsey. Here's the frustrating way they pushed me out.
▼ + stars: | 2024-04-14 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

AdvertisementThis is an as-told-to conversation with Ezra Gershanok, a former Business Analyst at McKinsey & Company and the cofounder of sublet startup Ohana. I was hired straight out of college as a Business Analyst, an entry-level consultant role at the firm. Related storiesFor me, the pace of the work started to slow down in the second half of 2021 and into 2022. Several jobs at the firm started to be seen as redundant. So, it's possible to get positive feedback from the clients you're working with and your direct manager, even when the higher-ups are trying to push you out.

Persons: Ezra Gershanok, Gershanok, Zillow, —, McKinsey doesn't, I'd, Ohana, We've, Spencer Rascoff, Surabhi Gupta, they're, Lakshmi Organizations: McKinsey & Company, Post, McKinsey, Service, Apple, Engineering Locations: Seattle, sublease, NYC, Lakshmi Varanasi, lvaranasi@businessinsider.com

☆ Adam Neumann opens up about his billion-dollar plan to transform apartment living and explains why he wants to buy back WeWork
▼ + stars: | 2024-04-11 | by ( Ben Bergman | ) www.businessinsider.com time to read: +6 min

In August 2022, former WeWork cofounder Adam Neumann announced he was back, starting a new company called Flow to transform apartment living. I spoke with residents and staff, but my many requests to speak on the record with Neumann himself were always rebuffed. Whatever happens with Flow, Neumann will always be remembered for WeWork, which he resigned from in 2019. The launch occurs as Neumann is trying to buy back his bankrupt former company for more than $500 million. I think people are skeptical of how Flow is a tech company.

Persons: Adam Neumann, Andreessen Horowitz, Neumann, Neumann's WeWork, it's, We're, we're, It's, WeWork, You've, Ben, Horowitz Organizations: Business Locations: Fort Lauderdale , Florida, South Florida, Fort Lauderdale, Miami

☆ Tech workers flush with cash are turning Miami's suburbs into the new Beverly Hills
▼ + stars: | 2024-04-10 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

The most expensive neighborhood in America is in Coral Gables, Florida, Bloomberg reports. AdvertisementThe post-pandemic Florida real-estate boom just earned the state a new superlative. Today, seven of the 10 most expensive neighborhoods in the US are located in Florida, Bloomberg reported, citing data from Zillow. The priciest neighborhood in America is Gables Estates in Coral Gables, where a typical home costs $21.2 million, Bloomberg reported. Pre-pandemic, in 2020, the most expensive neighborhood in America was Beverly Hills Gateway, where a typical home cost a cool $10.6 million.

Persons: —, Jeff Bezos, BI's Eliza Relman Organizations: Bloomberg, Zillow, Tech, Service, Gables Estates, Business, Beverly Hills Gateway, Royal, Beverly Hills, Apple, Microsoft, Amazon Locations: America, Coral Gables , Florida, Beverly Hills, Florida, Coral Gables, Naples , Florida, , New York, Miami

Morgan Stanley raised its price target on Nvidia, calling for more than 15% upside going forward. — Lisa Kailai Han 5:53 a.m.: Jefferies lowers Tesla price target, cites 'self-inflicted' wounds Tesla's troubles may not be over yet, according to Jefferies. The investment firm kept its hold rating on the electric vehicle maker and lowered its price target to $165 from $185. Jefferies analyst Philippe Houchois also said Tesla is plagued by shifting product priorities. — Lisa Kailai Han 5:53 a.m.: Morgan Stanley raises Nvidia price target Nvidia has already rallied more than 72% in 2024.

Persons: Morgan Stanley, Jefferies, Patrick Cunningham, Erik Fyrwald's, Cunningham, — Lisa Kailai Han, Zillow, John Colantuoni, Colantuoni, Scott Schoenhaus, Schoenhaus, Lisa Kailai Han, Hess, Betty Jiang, CVX, Jiang, Tesla, Philippe Houchois, Joseph Moore, Moore, — Fred Imbert Organizations: CNBC, Nvidia, Citi, Management, & Biosciences, Jefferies, National Association of Realtors, Markets, GDRX, Barclays, Chevron, NVIDIA, AMD Locations: Tuesday's, China

☆ A big mistake at my first all-inclusive changed how I'll plan resort trips in the future
▼ + stars: | 2024-03-28 | by ( Monica Humphries | ) www.businessinsider.com time to read: +4 min

I had my first all-inclusive vacation at Thatch Caye in Belize. AdvertisementMinutes ticked by while my friend and I waited for a boat to take us to Thatch Caye, an all-inclusive resort on a private island in Belize. A bird's-eye view of the Thatch Caye resort. AdvertisementWhile I knew once I got to the all-inclusive resort, I wouldn't want to leave, I didn't think about when I arrived. But for a future all-inclusive stay, I won't miss out on a minute of my resort reservation.

Persons: —, Monica Humphries, could've Organizations: Service, Muy'Ono Resorts, Travel Locations: Belize

☆ Adding features, such as an outdoor TV or pizza oven, can help sell your home for over $10,000 more, research finds
▼ + stars: | 2024-03-25 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

If your home boasts certain trendy outdoor features, you may be able to sell it for more in today's market. These sets have weatherproofing features to help them withstand exposure to precipitation and extreme temperatures, and can cost significantly more than standard indoor sets. Other backyard features that may push sale prices higher include having an outdoor shower, which may help push sales up 2.6%; a bluestone patio, which is tied to a 2.3% increase; she shed, 2%; pizza oven, 1.9%; and outdoor kitchen, 1.7%. The results come from Zillow's analysis of sale premiums for 359 features across one million home sales for 2023. "This year was really all about the backyard features," said Zillow home trends expert Amanda Pendleton.

Persons: Amanda Pendleton

☆ Your guide to setting up the ultimate home office in 2024
▼ + stars: | 2024-03-24 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +7 min

So it's worth investing in a home office setup that maximizes comfort and productivity. AdvertisementThe pandemic upended the corporate world by shifting millions of people from office desks to kitchen counters, couches, and dining tables. Whether in a fully remote role or a hybrid one, investing in a good home office can pay dividends by improving your productivity and overall well-being. So, if you want to score well on Room Rater (the X account that judges everyone's Zoom backdrops), create a Zoom wall. If someone travels regularly for work, Chia suggests hanging a large map on the wall.

Persons: —, Jonathan Puleio, Puleio, Lisa Zaslow, Zaslow, they're stackable, Katherine Chia, Desai, Chia, it's Organizations: Service, Humanscale Consulting, Gotham Organizers Locations: New York

☆ Five Below is the latest chain to retreat from self-checkout
▼ + stars: | 2024-03-21 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Some stores have switched to an associate-assisted checkout format, where staff scan the items. At stores with the most shrink, staff are also checking receipts and there's more security. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRetailers have been rethinking their self-checkout strategies over concerns that they're facilitating theft.

Persons: —, Joel Anderson, Anderson Organizations: Service

☆ The top 10 U.S. cities where a $100,000 salary goes the furthest—half are in Texas
▼ + stars: | 2024-03-19 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

It turns out, that includes how far a $100,000 salary will get you, according to a recent SmartAsset study. A six-figure income offers the most purchasing power in El Paso, Texas, the study found. In El Paso, a $100,000 salary amounts to around $88,840 after taking out those expenses. One factor potentially fueling the Lone Star State's dominance is its tax friendliness, since Texas does not collect state income taxes. However, residents still pay federal income taxes and face some of the highest property taxes in the country.

Persons: Zers —, — Organizations: Council for Community, Economic Research, Census, Christi, Houston, Star Locations: Texas, U.S, El Paso , Texas, El Paso, Mexico, RentCafe, San Antonio, Lubbock

☆ Looking to sell your home? Here are 4 cheap or free things you can do boost its value and get a higher price, according to Zillow.
▼ + stars: | 2024-03-15 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

But there are still a few small things to consider before selling that could help you bump up your house's value even further. 4 things to boost your home's valueFirst, Pendleton said adding a fresh coat of interior paint can add value to your home. Dark gray outperformed white in every single room that we tested," Pendleton said. "So it is a really good option, even in the bedroom and the bathroom, if you feel like, 'Oh, dark gray is way too much for my kitchen.' She added: "I'm telling you, dark gray covers a lot of imperfections, and it feels modern.

Persons: You've, you've, it's, Amanda Pendleton, Pendleton, Zillow, Soapstone countertops, I'm Organizations: Business Locations: Zillow's, soapstone

☆ Home prices in these 8 cheap cities are primed for outsize appreciation amid the worst US housing affordability crisis in 40 years, says Zillow's chief economist
▼ + stars: | 2024-03-13 | by ( William Edwards | ) www.businessinsider.com time to read: +2 min

For Zillow Chief Economist Skylar Olsen, this means homes around the country that are relatively cheap should have tailwinds for appreciation in the years ahead. While cheaper homes in every market should outperform, Olsen also said that the affordability crisis means that lower-cost cities around the US are well-positioned for appreciation. In addition to mostly being cheap on an absolute basis, most of the cities are cheap on a relative basis. The eight cities Olsen listed are compiled below in no particular order. Median home price sale data (list price for Hartford) is included, as well as data from Olsen's affordability metric and average monthly mortgage payments.

Persons: Skylar Olsen, —, Olsen Organizations: National Association of Realtors, Business, Hartford Locations: Hartford , Connecticut, Providence , Rhode Island, Boston, New York

Search resuls for: "LOW's"

25 mentions found