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☆ Ski season needs fresh snow. Resorts are struggling as the climate crisis forces them to rely on fake snow to make money.
▼ + stars: | 2024-01-18 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

For Brendan Gibbons, snow rules the day. "I used to say, 'We'll get our snow," Gibbons, director of snow services for Palisades Tahoe, told Business Insider. "The entire business model and opportunities for profit are getting squeezed into a shorter season with lower quality snow," Mankin said. He worries that little ski towns will suffer the most as the climate crisis worsens and potentially consolidate into larger conglomerates. Areas where average winter temperatures exceed -8 degrees Celcius, or 17 degrees Fahrenheit, will lose more and more snowpack with each degree of warming.

Persons: Brendan Gibbons, Gibbons, Justin Mankin, haven't, they've, Mankin Organizations: Service, Business, Palisades, Northern Hemisphere, Northeastern, Dartmouth College Locations: Sierra Nevada, Southwestern, Europe, New Hampshire, Vermont, Massachusetts, Mankin, Palisade, Business

☆ Even wealthy Los Angeles residents are moving to (slightly) cheaper cities and mansions out of state
▼ + stars: | 2024-01-15 | by ( Dan Latu | Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

Many wealthy buyers say they were driven out by a so-called mansion tax in Los Angeles, among other tax-related issues. Los Angeles topped Redfin's list of US metropolitan areas that homeowners are most looking to leave, based on their user data of home searches. Wealthier Americans — those making more than $200,000 per year — are moving out of high-cost cities like New York and Los Angeles, according to personal finance site SmartAsset. San Diego real-estate agent Jennifer Janzen says she's recently had Los Angeles clients head south to trade up in style. Another client of Janzen's was a young family who grew tired of the city life in Los Angeles.

Persons: —, Gus Lira, Lira, Lira's, Summerlin, she's, Jennifer Janzen, Janzen, Sotheby's, grâce, Jade Mills, Rob Desantis, Mary Fitzgerald Organizations: Service, Getty, Hollywood, Las, Golden, LA, Bloomberg, Los, Netflix Locations: Los Angeles, Malibu, California, Orange County, Las Vegas, Nevada, Vegas, Red, Vegas from California, Seattle, Florida , Texas, Tennessee, New York, Diego, Angeles, Rancho Santa Fe, San Diego, LA, Santa Fe, Manhattan

☆ A man buried under an avalanche said it felt like being trapped in a 'tub of concrete'
▼ + stars: | 2024-01-12 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +1 min

A California ski resort was struck by an avalanche on Wednesday, killing a man. Jason Parker, 52, managed to survive despite being "entombed" in snow, he told NBC News. 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 . AdvertisementA man who survived a deadly avalanche in Tahoe, California, has described his ordeal, saying it was like being "entombed" in snow.

Persons: Jason Parker, —, Parker Organizations: NBC News, Service, KT, Business Locations: California, Tahoe , California, Reno

☆ This $3.5 million apartment sits atop a former Wonder Bread Factory turned luxury condos—take a look inside
▼ + stars: | 2023-11-25 | by ( Celia Fernandez | ) www.cnbc.com time to read: +4 min

The former Wonder Bread Factory in Hoboken, New Jersey was transformed into a luxury residential building. Now in its place stands The Wonder Lofts, a luxury residential building with 83 loft-style condominiums. The Wonder Lofts building was a bakery for more than 50 years in the 1900s. Wonder LoftsThe Wonder Lofts includes two- to five-bedroom apartments with about 1,200 square feet to 2,700 square feet of living space. Wonder Lofts

Persons: Angelo Gordon, Robert Fourniadis, Fourniadis, it's, Daniel P, Winschuh, You've Organizations: Prism Capital Partners, Parkwood, CNBC Locations: Hoboken , New Jersey, New Jersey, New York City, Palisades, Manhattan, cabanas, Hoboken

☆ The Best Ski Resorts for Every Type of Skier: 2023 WSJ Ski Awards
▼ + stars: | 2023-11-10 | by ( Jen Rose Smith | Tom Corrigan | ) www.wsj.com time to read: +1 min

FOR AVID SKIERS, the first crisp days cue the desire for a snowy escape. The basic recipe: Take one mountain, add fresh powder and serve with a mug of hot cocoa. Overall Rank Resort Province / State 1 Whistler Blackcomb British Columbia 2 Palisades Tahoe California 3 Jackson Hole Mountain Resort Wyoming 4 Snowbird Ski Resort Utah 5 Mt. Bachelor Oregon 6 Aspen Snowmass Colorado 7 Mammoth Mountain Ski Area California 8 Winter Park Resort Colorado 9 Big Sky Resort Montana 10 Breckenridge Resort Colorado Full rankings and methodology available here. We then combined those results with data focused on categories of skiers to yield even more tailored lists, with families, ambitious experts or regional loyalists in mind.

Organizations: Whistler, Tahoe, Bachelor Oregon, Aspen Snowmass, Resort, Breckenridge Locations: Province, British Columbia, Tahoe California, Wyoming, Utah, Bachelor, Aspen Snowmass Colorado, Area, Colorado, American

☆ Fiat, maker of Italian cars, is opening an apartment building in New Jersey
▼ + stars: | 2023-10-31 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

CNN —Fiat, the Italian car brand best known in the United States for its tiny, retro-styled cars, is putting its name on an apartment building across the river from Manhattan. The Fiat House residences will be in a far more pragmatic location, near the western approaches to the George Washington Bridge in Fort Lee, New Jersey. Fiat House residents will have access to a car-sharing fleet of Fiat 500e electric cars, according to an announcement from Fiat and UNLMTD Real Estate. The building will include more than 300 apartment units ranging from studios to 2-bedrooms, some furnished, according to the announcement. While Fiat’s cars cost far less than those of ultra-luxury brands like Bentley and Aston Martin its sales have been similarly small in number.

Persons: CNN —, Aston Martin, George Washington, Fiat’s Organizations: CNN, CNN — Fiat, Fiat, Porsche, Bentley, Honda Locations: United States, Manhattan, South Florida, Fort Lee , New Jersey, New Jersey, New York City, UNLMTD

☆ Fans Memorialize ‘Friends’ Actor Matthew Perry
▼ + stars: | 2023-10-30 | by ( Wsj Staff | ) www.wsj.com time to read: 1 min

Perry died Saturday at the age of 54. The actor was found unresponsive in a Jacuzzi at his home, according to Los Angeles police officials. The cause of death is still under investigation by the coroner’s office. Fans gathered at Perry's home in the Pacific Palisades area of Los Angeles on Sunday. Photo: Eugene Garcia/APFans gathered at Perry's home in the Pacific Palisades area of Los Angeles on Sunday.

Persons: Perry, Eugene Garcia Organizations: Sunday, AP Locations: Los, Palisades, Los Angeles

[1/6] Cast member Matthew Perry attends the premiere of the film "17 Again" in Los Angeles April 14, 2009. "We are incredibly saddened by the too soon passing of Matthew Perry," NBC Entertainment said. The Los Angeles Times and TMZ.com, both citing unnamed law enforcement sources, reported that the American-Canadian performer was found dead in a hot tub or jacuzzi. As a youngster, Perry became a top-ranked junior tennis player before moving to Los Angeles to pursue acting and improvisational comedy. Reporting by Steve Gorman in Los Angeles; Additional reporting by Ismail Shakil in Ottawa; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Matthew Perry, Phil McCarten, Chandler Bing, Perry, Perry's, Chandler, Jennifer Aniston, Courteney Cox, David Schwimmer, Matt LeBlanc, Lisa Kudrow, Monica Geller, Cox, Rachel, Joey, Ross, Matthew, Matty, I've, Sunshine, Ally McBeal, Pierre Trudeau, Trudeau's, Justin Trudeau, Trudeau, Steve Gorman, Ismail Shakil, Raju Gopalakrishnan Organizations: REUTERS, NBC, NBC Entertainment, Los Angeles Times, HBO Max, New York Times, Canadian, Thomson Locations: Los Angeles, Canadian, Palisades, Manhattan, U.S, Beverly Hills, Massachusetts, Ottawa

Actor Matthew Perry arrives at CBS, CW And Showtime 2015 Summer TCA Party at Pacific Design Center on August 10, 2015 in West Hollywood, California. (Photo by Axelle/Bauer-Griffin/FilmMagic)LOS ANGELES — Matthew Perry died Saturday of an apparent drowning at his Pacific Palisades home, a representative for the actor and a law enforcement source say. Perry was best known for his role as one of the core cast members on "Friends," NBC's generation X sitcom from the '90s. On "Friends," Perry played Chandler Bing, a statistical analyst who used sarcasm and one-liners. Warner Bros. Television Group, which produced "Friends," said in a statement Saturday night, "We are devastated by the passing of our dear friend Matthew Perry."

Persons: Matthew Perry, Bauer, Griffin, Perry, Brian Humphrey, Chandler Bing, Seinfeld, George Takei Organizations: CBS, CW, Party, Pacific Design Center, Axelle, Palisades, Los Angeles Fire, Los Angeles, Warner Bros . Television Group Locations: West Hollywood , California, Pacific Palisades, Beverly Hills, Ottawa, Canada

☆ Tiger Woods: How the battle for golf’s soul gave the US golfer new-found purpose – and human connection
▼ + stars: | 2023-10-25 | by ( Don Riddell | ) edition.cnn.com time to read: +22 min

CBS Archive/Getty Images Woods, 6, sizes up a putt in Los Alamitos, California, in 1982. Getty Images/Getty Images Woods hits a tee shot during the 1995 Walker Cup, an international team event. Alexander Hassenstein/Bongarts/Getty Images Woods plays a shot from the ninth fairway during the 2000 US Open in Pebble Beach, California. David Cannon/Getty Images Woods falls to the ground in pain after hitting a shot at The Barclays in August 2013. Jamie Squire/Getty Images Woods and his son, Charlie, warm up before the final round of the PNC Championship in December 2020.

Persons: Woods, Alan Shipnuck, LIV, ” Shipnuck, ” Bryson DeChambeau, Paul Casey, Crushers, Charles Howell III, Anirban Lahiri, Chris Trotman, “ Tiger’s, “ He’s, he’s, “, “ LIV, Greg Norman, Quentin Tarantino, Brooks Koepka, Koepka, David J, Phillip, Mike Douglas, Bob Hope, Jack D, Miller, AP Woods, Rick Dole, Bob Galbraith, David Cannon, Robert Beck, Patrick Murphy, Nike — Woods, Lennox McLendon, Stephen Munday, Earl, Dave Martin, Alexander Hassenstein, Jonathan Ferrey, He's, Andy Lyons, Allsport, Bob May, Fred Vuich, Jack Nicklaus, Nicklaus, Logan Mock, Bunting, Phil Mickelson, Mickelson, Matthew Stockman, Steve Williams, Harry, Williams, Sam, Damian Dovarganes, Rocco, Gary A, Vasquez, Barack Obama, Pete Souza, Stuart Franklin, Elin, Charlie, Ezra Shaw, Eric Gay, Jimmy Fallon, Lloyd Bishop, Arnold Palmer, Chris Condon, Jason Dufner, Lindsey Vonn, Marco Trovati, Lannis, John Amis, Donald Trump, Getty Images Woods, Warren Little, Jamie Squire, Ben Jared, Wally Skalij, Shutterstock Woods, Tiger, Sam Greenwood, Cliff Hawkins, Jonathan Ernst, they’re, Shipnuck, ‘ I’m, Justin Thomas, I’m, ”, they’ve, what’s, Rory McIlroy, Rory, “ Rory, Bryson DeChambeau, ’, he’d, DeChambeau, “ Patrick Reed, Sergio García, “ Phil Mickelson, HyFlyers, Suhaimi Abdullah, Jay Monahan, Yasir Al, Rumayyan, Phil Mickelson’s, Jamal Khashoggi, Prince Mohammed bin Salman, Prince, Mohammad Bin Salman, Reed, Garcia Organizations: CNN, CNN Sport, PGA Tour, LIV, Miami, PGA, Saudi, Public Investment Fund, CBS, AP, Tiger, US Junior Amateur, Getty, Los Angeles, Tour, Stanford University, NCAA, Nike —, Las Vegas, Green, Army, Tiger Woods Foundation, Ford, British, Woods Learning, USA, Office, Stanford, NBCU, Bank, Bay, Invitational, Barclays, Trump, Getty Images, PNC, Law, Los Angeles Times, PNC Championship, Hall of Fame, Reuters, HyFlyers GC, Sentosa Golf, European, MBS, Fox News, ” CNN Locations: Los Angeles, Saudi, Delaware, Tiger’s, Los Alamitos , California, Vietnamese, Vietnam, Orange, United States, France, Hamburg, Germany, Pebble Beach , California, St . Andrews, Scotland, Louisville , Kentucky, Fort Bragg , North Carolina, Hoylake, England, Anaheim , California, Woods, Dublin , Ohio, Beaver Creek , Colorado, Atlanta, Rancho Palos Verdes , California, Pacific Palisades , California, Singapore, London, McIroy

☆ A tennis center owner in Santa Monica changed his entire business to capitalize on the pickleball surge in America. It was a 'huge risk' but his revenue numbers have doubled and his court has never be
▼ + stars: | 2023-10-14 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +16 min

Former collegiate coach Jon Neeter bought a tennis center in Santa Monica, CA for $40,000 in 2010. He converted his single tennis court into four pickleball courts and business is booming. Plus, he liked the idea of his work being concentrated in one place, rather than scattered at various tennis courts all over LA. A standard pickleball court is 20 feet wide by 44 feet long, much smaller than a tennis court. Plus, he was unsure about how he was going to replicate the Santa Monica Tennis Center anywhere else in LA.

Persons: Jon Neeter, —, Neeter, Jon Arend, Arend, who's, he'd, Sam Querrey, didn't, I'd, they'd, He's, there's, he's Organizations: Service, beachy Santa, Santa, Duke University, Palisades Tennis Center, LA, Santa Monica Tennis Center, Santa Monica Pickleball Center, Neeter Locations: Santa Monica , CA, Wilshire, Los Angeles, LA, Santa Monica, New Jersey, California, West LA, Southern California, pickleball

☆ Barbara Corcoran says she prefers her trailer in LA over her penthouse in New York City
▼ + stars: | 2023-10-10 | by ( Amanda Goh | ) www.businessinsider.com time to read: +4 min

Corcoran says she convinced the previous owner to sell the trailer by saying she'll still let her "use it whenever." AdvertisementAdvertisementIn an attempt to convince the previous owner to let go of the trailer, Corcoran ended up making her an offer she couldn't resist. AdvertisementAdvertisementThe TikTok video has since amassed over 3,000 comments, with many users expressing surprise at Corcoran's home. "I love that she could EASILY afford a seaside mansion, but opts for a trailer with a view," one TikTok user commented. AdvertisementAdvertisement"love the home, but million dollar beachfront trailer park is something that can only exist in LA," a TikTok user commented.

Persons: Barbara Corcoran's, Caleb Simpson, Corcoran, she'll, —, Barbara Corcoran, who's, Simpson, that'll, she's, lauding Corcoran Organizations: Service, Pacific Palisades, Corcoran, New York City, YouTube Locations: Pacific Palisades, Los Angeles, LA, Angeles, Pacific, New York

☆ Veru: Markets are finally waking up to the reality of higher rates for longer
▼ + stars: | 2023-10-05 | 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 EmailVeru: Markets are finally waking up to the reality of higher rates for longerDan Veru, Senior Partner & Chief Investment Officer at Palisades Capital Management, discusses how higher rates are impacting the markets and his investment strategy.

Persons: Dan Veru Organizations: Capital Management

☆ The 20 Best Early Labor Day 2023 Sales
▼ + stars: | 2023-08-23 | by ( Bellamy Richardson | ) www.wsj.com time to read: +13 min

By Bellamy RichardsonLabor Day may not be until Sept. 4, but you don’t have to wait to take advantage of great Labor Day deals. Here are some of our early favorites; we’ll be continuing to add more early sales as they go live leading up to Labor Day Weekend. BrooklinenThe deal: 15% off sitewideHead over to Brooklinen’s Staycation/Early Labor Day Sale for 15% off bedding, bath and loungewear. There might be something for you at eBags during its Labor Day sale, running now through Sept. 12. LunaThe deal: 20% off sleep productsIf you’ve been craving a good night’s sleep, Luna’s Labor Day Sale might have just the thing to help you out.

Persons: Bellamy Richardson, we’ll, Staycation, unzipping, you’ll, Marigold, Casper, —, Luna, Luna’s, It’s, Spinner, puffiness, Stove’s Organizations: Labor, sitewide, Sage, Luna’s Labor, Sherpa, Cook Duo, Outer’s Labor, Navy, TSA, Stove’s Labor Locations: California

☆ 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

PinnedTorrential rainfall generated widespread flooding across western New England and parts of New York State on Monday, flooding homes and washing away roads and bridges as people were stranded in vehicles. In Vermont, where flooding was expected to intensify throughout the day, officials said about 20 people so far had been rescued by boat, with another two dozen evacuated from homes. And at least one person, a woman in her 30s, died in the flooding in New York’s Hudson Valley, the authorities said. The downpour was generating flash flooding in five counties across northern Vermont, where up to three inches of rain have fallen so far, the Weather Service said. In central Vermont, Addison, Orange, Rutland and Windsor counties are at risk of a flash flood through the early afternoon.

Persons: Steven M, Neuhaus, ”, ABC’s, Mr, John F, Irene, Claire Moses Organizations: New York State, America, National Weather Service, Weather Service, New York, Orange, Kennedy, Boston Logan International Airport, Amtrak, Weather Prediction Locations: New England, New, Vermont, Hudson Valley, Orange County, N.Y, “, Burlington, Addison, Orange, Rutland, Windsor, Hudson, New York, LaGuardia, Boston, New York City, Albany, East

☆ From Up Here, You Can See Manhattan, and Houses Left to Crumble
▼ + stars: | 2023-06-30 | by ( Caren Lissner | ) www.nytimes.com time to read: +1 min

For reasons neighbors are only partly aware of, neither development nor demolition has occurred on the properties since they were bought. Instead, they’ve suffered from fires, intruders, graffiti, broken fencing, and overgrowth that make it difficult for an onlooker to believe they were occupied and full of light 18 years ago. In a hot real estate market (where other developments have risen on the hills to take advantage of the views), such a promising neighborhood has been left to crumble. On a recent afternoon, shafts of sunlight squeezed through thick trees to brighten boarded windows and ivy covering the structures. Across the road, the thump of someone’s drums emerged from a street-level window.

Persons: they’ve, David Spatz, ”, ” Mr, Spatz Organizations: Union City, Sky Pointe Locations: “

☆ LA Tech Week, the summer sequel, is more polished but some of the sizzle is gone
▼ + stars: | 2023-06-10 | by ( Ben Bergman | ) www.businessinsider.com time to read: +4 min

Unlike most tech conferences where tickets cost thousands, Tech Week is mostly free and open to anyone. If last year's hastily arranged LA Tech Week served as venture firm Andreessen Horowitz's LA coming out party, this year's version – taking place just 10 months later – served as the more polished but lower energy summer sequel. Unlike most tech conferences where tickets cost thousands of dollars, Tech Week, which concludes Sunday, is mostly free and open for anyone to attend or even host their own event. The LA Tech Week kickoff party in Pacific Palisades hosted by Crosscut and 75 & Sunny. Mostly gone unsaid was the dismal state of the tech market, which has worsened considerably since last year's Tech Week; Down rounds and layoffs do not make for great cocktail conversation.

Persons: Andreessen, –, Drew Glover, Glover, Ben Bergman, we'll, Gabe Greenbaum, unsaid, Jeremy Milken, Sophia Amoruso, Nasty, Amoruso Organizations: Tech, LA Tech, Santa, Fiat Ventures, Crosscut, B, Watertower Ventures, Trust Fund, Trust Locations: Santa Monica, marveling, St, LA, Hollywood, Venice, Pacific Palisades, Venice Mexican

☆ The job market held up in May. But the Fed may have already decided to pause
▼ + stars: | 2023-06-02 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Washington, DC CNN —The US labor market picked up momentum in May, once again defying expectations of a slowdown. Many economists, including those at the Fed, still expect a recession later in the year. The labor market and signs of future disinflationThe May jobs report mostly showed that the labor market held up. Some top economists have argued that the strong labor market has had a minor, albeit growing, impact on inflation. Hawkish Fed officials still think the Fed’s job isn’t done.

Persons: That’s, Joe Biden’s, ”, Philip Jefferson, Patrick Harker, “, ” Harker, It’s, ” Julia Pollak, ZipRecruiter’s, you’ve, you’d, Dave Gilbertson, hasn’t, Ben Bernanke, ” Jack Macdowell, Louis President James Bullard, Bullard, Louis Fed’s, Louis, Jerome Powell, there’s, Ian Shepherdson, Eugenio Alemán, Raymond James Organizations: DC CNN, Federal, Fed, Federal Reserve Bank of Philadelphia, National Association for Business Economics, CNN, Employers, of Labor Statistics, BLS, UKG, The Palisades Group, Hawkish Fed, Federal Reserve Bank of St, Louis Fed, Pantheon Locations: Washington, Washington ,

☆ This Uber Eats driver only accepts high-value orders in the hope of getting big tips. He says it's 'like gambling,' but 'very exciting.'
▼ + stars: | 2023-04-10 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

An Uber Eats driver told The New York Times that only accepting high-value orders is like "gambling." He told the newspaper he felt delivery drivers were now considered "the bottom of the barrel." After delivering the orders, he waited an hour to learn from the Uber Eats app how much his tips were worth. "It's like gambling," Bush told The Times about his "very exciting" big tips. Uber told The Times it had improved its app to reduce "verification confusion" for high-value tips and added measures to encourage better tipping.

☆ The biggest malls in America, from the troubled American Dream mall to Florida's alligator-shaped shopping center
▼ + stars: | 2023-03-30 | by ( Avery Hartmans | Danni Santana | ) www.businessinsider.com time to read: 1 min

Palisades CenterDanni SantanaPalisades Center in West Nyack, New York, opened in March 1998. The four-level shopping mall has 225 stores and 16 sit-down restaurants inside. Palisades Center offers 2 million square feet of leasable store space and is owned by EklecCo NewCo LLC, a division of Pyramid Management Group. Mortgage lender Wilmington Trust is now looking to foreclose on Palisades after EklecCo failed to pay back a $418.5 million loan from 2016 in full, Patch reported last month. Wilmington Trust has filed suit against Pyramid asking the New York Supreme Court to have mall tenants pay rent to the firm directly until Palisades Center is put up for sale.

☆ How age-old retailers like Foot Locker are boosting sales for new brands like Hoka and On
▼ + stars: | 2023-03-27 | by ( Danni Santana | ) www.businessinsider.com time to read: +4 min

Foot Locker and other sneaker retailers have learned their lesson about depending too much on Nike. Foot Locker has allocated more wall space to emerging performance running brands like On and Hoka. Foot Locker and other sneaker retailers have learned their lesson from Nike's shifting strategy. Although Nike still sells at some retailers like Foot Locker, Nike is committed to putting its own direct-to-consumer sales first. "Acquiring a 21-year-old in New Jersey is more expensive for us to do than Foot Locker because Foot Locker has kept that relationship with that consumer," On co-CEO Marc Maurer told Insider in an interview.

☆ Top Wall Street analysts pick these five stocks for the long term
▼ + stars: | 2023-03-19 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Given the ongoing uncertainty, turning to stock market experts to pick attractive stocks for the long term could be a good decision. Allegro expects to flourish in these two key markets and to deliver low-double-digit percentage revenue growth from fiscal 2023 to 2028. CrowdStrike's adjusted earnings per share for the fourth quarter of fiscal 2023 (ended Jan. 31) increased 57%, fueled by revenue growth of 48%. The company's adjusted EPS grew 8% and came ahead of Wall Street's expectations, while revenue growth of 18% fell short of estimates. Nonetheless, Oracle is optimistic about the solid potential of its cloud business, which delivered 45% revenue growth in the fiscal third quarter.

☆ Biden admin offers $1.2 billion for distressed, shut nuclear plants
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, March 2 (Reuters) - The Biden administration said on Thursday it is offering a fresh round of $1.2 billion in aid to extend the life of distressed nuclear power plants which, for the first time, could offer funding to a plant that has recently closed. President Joe Biden's climate team believes nuclear power is a crucial source of virtually carbon-free electricity needed to be maintained and expanded to reach his pledge of what it calls 100% clean electricity by 2035. The funding comes from the $6 billion Civil Nuclear Credit program, created by the 2021 infrastructure law, and will be distributed by the Department of Energy (DOE). Holtec International, the current owner, had applied for the first round of funding, but the DOE rejected it. Last year, the DOE provided $1.1 billion in conditional CNC funding to Pacific Gas & Electric's Diablo Canyon nuclear plant that had been set to fully shut in 2025.

☆ The CIO of a $9 billion real-estate investing firm explains why the US will avoid a 2008-sized crash — and says it's a good time to buy in correction-hit cities like Austin
▼ + stars: | 2023-02-27 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

Even cities that were hit the hardest, such as Austin, are starting to come back from their lows. Macdowell explains why these types of correction-hit cities now offer intriguing buying opportunities. "I would take the view that in the right property markets, this would actually be a pretty good time to buy," he said. "On the real estate value side — in certain markets, certain neighborhoods — given the lack of inventory, prices will be well supported from where they are today." Although prices in the city have already corrected from their peaks, Macdowell believes that rental rates and growth will remain strong due to local housing demand.

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