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☆ One of Trump’s Treasury contenders hails from the most cutthroat private equity firm on Wall Street
▼ + stars: | 2024-11-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

The words “private equity” are almost poetic in their power to obfuscate in such a way that most people simply tune out when they hear them. But there’s a reason workers tend to have a negative association with private equity. Per Bloomberg, Apollo “built its name as the scrappiest private equity and distressed-debt investor on Wall Street by buying businesses and loading them up with debt that offered creditors meager protections in the face of default.”Historically, private equity deals were largely handled by big banks. Private equity firms now hold controlling stakes across an array of industries, including supermarkets, housing, health care, fashion, restaurants and vet clinics. And other efforts to force more transparency and accountability in private equity have similarly faced opposition.

Persons: CNN Business ’, Marc Rowan, Donald Trump’s, Rowan, Bill Lazonick, he’s, ”, Megan Greenwell, aren’t, ” Dennis Kelleher, Apollo “, it’s, Sen, Elizabeth Warren of, hadn’t, Scott Bessent, Kevin Warsh, “, ” Greenwell Organizations: CNN Business, New York CNN, Apollo Global Management, Treasury, OCC, Republicans, Industry Research Network, — Bloomberg, KKR, Blackstone, Carlyle Group, Securities and Exchange Commission, “, Research, Treasury Department, Bloomberg, Financial Times, Federal Reserve Locations: New York, ”, Elizabeth Warren of Massachusetts

☆ Trump's former chief of staff says Elon Musk will have an easier time getting to Mars than making proposed DOGE cuts
▼ + stars: | 2024-11-22 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +2 min

AdvertisementMick Mulvaney said he doubts Musk can cut $2 trillion from the federal budget, per NYT. Mulvaney also told clients he doesn't think Musk will be around long enough to his cuts through. Musk and Ramaswamy outlined their cost-cutting plans in a recent opinion piece. Mick Mulvaney, President-elect Donald Trump's second chief of staff, doubts that Elon Musk will achieve his lofty goal of slashing $2 trillion from the federal budget, sources told the New York Times. Musk founded SpaceX with a goal of colonizing the Red Planet and wore an "Occupy Mars" shirt at a Trump rally in October.

Persons: Mick Mulvaney, Mulvaney, Ramaswamy, Donald Trump's, Elon, Musk, Elon Musk, Vivek Ramaswamy, doesn't, David Sacks, Palantir, Joe Lonsdale, he's, Cantor Fitzgerald, Howard Lutnick Organizations: New York Times, Actum, Times, SpaceX, Trump, Department of Government, Management, Street

☆ Citadel's Ken Griffin considers selling minority shares whilst handing out political advice to Trump
▼ + stars: | 2024-11-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, billionaire Ken Griffin has some advice for President-elect Donald Trump, including a suggestion for his Treasury pick . While speaking Thursday at the Economic Club of New York, Griffin said he appreciates the importance of those issues to Americans but said aggressive tactics to address them could make things work. Griffin is one of the biggest donors to the Republican Party, but declined to publicly endorse either presidential candidate this year. AdvertisementModeration hasn't been the name of the game for Trump with some of his proposed policies. AdvertisementHe said he'd be open to selling a minority stake in his hedge fund to the right partner.

Persons: it's, Ken Griffin, Donald Trump, Trump Ken Griffin, Mike Blake, Insider's Bradley Saacks, Michelle Abrego, Griffin, Manny Roman, Trump, Marc Rowan, Rowan, Alexander Tamargo, Thoma Bravo Griffin, he'd, Zalubowski, Chelsea Jia Feng, Elon, Paul, Tyson, Megyn Kelly, Tucker Carlson Ron Antonelli, Chip Somodevilla, Rebecca Zisser, Tucker Carlson, Bari Weiss, BI's Peter Kafka, Chris Balfe, Ridley Scott's, You've, Dan DeFrancesco, Jack Sommers, Grace Lett, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Treasury, Trump, Citadel, Milken, Global Conference, Reuters, Economic, of New, Republican Party, Citadel Securities, Sequoia, Millennium Management, BlackRock, Chelsea, Getty, Netflix, Bank of America, NY Daily, Fox News, Auto, Ford, GM, Volkswagen Locations: Beverly Hills , California, U.S, of New York, Montreal, New York, London, Chicago

☆ Opinion | Election Myths, Traps, Truths and Lessons
▼ + stars: | 2024-11-22 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +2 min

The presidential election was two weeks ago, and the country’s liberals are already deep into the blame phase. Before those premature post-mortems get fully baked into conventional wisdom, though, I wanted to flag a handful of observations about the race and how it’s already being interpreted — some caveats, some counterpoints, some context that may help us understand the meaning of a big messy election in a big messy country, at least until we get the actually-reliable voter data. In the end, it seems, Donald Trump’s margin in the national popular vote will be about 1.6 percentage points — the narrowest victory since razor-thin 2000. The election did mark a decisive shift: a broad, uniform move to the right, down to the county level, that carried a Republican to a popular vote win for the first time in 20 years. But this was not a wipeout even like the one in 2008 (let alone 1932, 1972 or 1984).

Persons: we’ve, Donald Trump’s, Joe Biden, Trump Organizations: Republican Locations: Midwest

☆ Hollywood betting big on 'Wicked-ator' to boost the box office comeback
▼ + stars: | 2024-11-22 | by ( Julia Boorstin | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHollywood betting big on 'Wicked-ator' to boost the box office comebackCNBC's Julia Boorstin joins 'Squawk Box' to report on the blockbuster weekend ahead for Hollywood.

Persons: Julia Boorstin Organizations: Hollywood

☆ The salary Americans say they need to feel successful at every age—it's over $500,000 for Gen Z
▼ + stars: | 2024-11-22 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

But with living costs pinching even high earners and the fact that more money almost always brings individuals more happiness , it's understandable that Americans say you need a substantial salary to be considered successful. While the average salary Americans say they need to be successful is high compared with what the average person is currently earning, Gen Z sets their sights even higher. The average salary adults between the ages of 18 and 27 say they need to be successful is $587,797, Empower found. That could be part of the reason they say they'd need such a high salary to feel accomplished, says Rebecca Rickert, head of communications at Empower. On average, Americans say you need a net worth of about $5.4 million to be considered successful, Empower reported.

Persons: Gen Z, Rebecca Rickert, boomers, Rickert Organizations: . Census, CNBC Locations: U.S

☆ The S&P 500 could see another big year in 2025, if history is any guide
▼ + stars: | 2024-11-22 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Investors should brace themselves for another big move next year, according to an analysis of historical data from Bank of America. The S & P 500 is up 24.7% in 2024 and on track for its second straight year with a gain of more than 20%. After rising 31% and 38% in 1927 and 1928, respectively, the S & P 500 lost 12% in 1929 and another 28% in 1930, Hartnett said. The last time the S & P 500 posted back-to-back 20% annual gains was in the 1990s, soaring 34% in 1995 and 20% in 1996. Hartnett noted that the "secret sauce" for the S & P 500 to avoid some of the sharp reversals seen before is a decline in Treasury yields.

Persons: Michael Hartnett, wasn't, Hartnett, Donald Trump, Goldman Sachs, Goldman Organizations: Bank of America Locations: U.S

☆ Cramer's week ahead: Earnings from Dell, CrowdStrike and several big retailers
▼ + stars: | 2024-11-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday previewed next week's important Wall Street action, suggesting it's wise to pay attention to a slew of retail earnings as well as reports from Dell and CrowdStrike . Tuesday is a big day for retailers, with reports from Best Buy , Abercrombie & Fitch , Kohl's , Macy's , Burlington Stores and Dick's Sporting Goods . He added that some retailers whose earnings weren't great still saw their stocks soar but others got badly dinged, like Target . He said investors might want to buy some Dell stock now and some after earnings if it pulls back. While stock action tends to slow during the rest of the holiday week, Cramer pointed out that on Wednesday the government will release the latest personal consumption expenditures index.

Persons: CNBC's Jim Cramer, Cramer, Wall, Smucker, weren't, Dell Organizations: Dell, Body, Abercrombie, Fitch, Kohl's, Burlington Stores, Dick's Sporting Goods, Target, Nvidia, HP, Federal Reserve Locations: Macy's

☆ China is armed and ready for trade war 2.0 with Donald Trump
▼ + stars: | 2024-11-22 | by ( Juliana Liu | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —In the summer of 2018, when former President Donald Trump launched a trade war with Beijing, the Chinese economy was riding high. There was even talk it could soon overtake the United States as the world’s largest. But last year, Mexico overtook China as the top exporter of goods into the United States, according to the Commerce Department. China had held that perch for 20 years before its exports to the United States fell by 20% to $427 billion last year. Women walk at a fashion accessories store displaying a poster to promote Singles' Day discounts at a shopping mall in Beijing, China, on November 11, 2024.

Persons: Donald Trump, Trump, ”, Dexter Roberts, Joe Biden, Matthews, Wang Shouwen, ” Andy Rothman, “, Liza Tobin, Calvin Klein, Tommy Hilfiger, Beijing’s, don’t, Sean Callow, Callow, Andy Wong, Rothman, Xi Jinping, Larry Hu Organizations: Hong Kong CNN —, Trump, Atlantic Council, Commerce Department, Matthews Asia, Treasury, CNN, PVH Corp, Bain & Company, ITC Markets, US, Peterson Institute, National Bureau of Statistics, Gross, Macquarie Bank Locations: China, Hong Kong, Beijing, United States, Mexico, Lianyungang, US, Xinjiang, —, Shanghai, New York, “

☆ A thoughtful teacher helped me and my twin after I hesitantly told her we were late to school because we were homeless
▼ + stars: | 2024-11-22 | by ( Jane Ridley | ) www.businessinsider.com time to read: +4 min

AdvertisementDina Winter-Robinson and her twin were homeless and constantly late for school at the age of 13. AdvertisementI suspect my 8th grade science teacher, Mrs. Falcoff, never knew what a gift she gave to me — a desperately shy teen who barely spoke at school — by making me feel heard. Related storiesEven though I admired Mrs. Falcoff, my shyness meant I hardly spoke to her. I'll never forget Mrs. FalcoffMom wrote the letter, which I gave to Mrs. Falcoff the next day. I've never forgotten Mrs. Falcoff and the important part she played in my life.

Persons: Dina Winter, Robinson, Falcoff, Gina, Auntie Marjorie, We'd, they'd, Dina, we'd, didn't, Falcoff Mom, Auntie Marjorie's, Mom, I've Organizations: New, Business Locations: New York City, Bronx, Brooklyn

☆ Startups that rely on Chinese manufacturers are bracing for Trump's impact
▼ + stars: | 2024-11-22 | by ( Melia Russell | ) www.businessinsider.com time to read: +8 min

AdvertisementTrump's proposed tariffs could raise costs for hardware startups making physical goods. Hardware startups rely on a host of manufacturers that are mostly based in China. When China-based manufacturers ship the final products back, the hardware startups may get hit with levees of up to 60 percent on goods from China, according to Trump's statements during his campaign. AdvertisementThe impact on startups: 'We're done here'In the aftermath of Trump's election win, euphoria is sweeping through the business world. AdvertisementHe said he's worried about the potential for Trump tariffs to spark a recession.

Persons: Donald Trump's, Nikhil Basu Trivedi, Jared Friedman, Combinator, Friedman, Graham Anderson, Marc Andreessen, Elon Musk, Bradley Tusk, Santosh Sankar, Trump's, Tim Cook, Cook, Donald Trump, Ivanka Trump, Steven Mnuchin, Mandel Ngan, Alan Deardorff, Trump, Deardorff, he'll, Lea Suzuki, Spencer Penn, Tesla, Penn, —, Chris Van Dyke's, he's, Van Dyke Organizations: Investors, Elon, Washington Post, Washington, Dynamo Ventures, Apple, Trump, Mac, Getty, Big Tech, University of Michigan, Tesla, San Francisco Locations: China, Asia, When China, Flexport, Austin , Texas, AFP, Fremont , California, Europe

☆ Trump suffers first defeat but as always doubles down for the next fight
▼ + stars: | 2024-11-22 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

CNN —For Donald Trump, every defeat is just the catalyst for his next battle. The Gaetz disaster suggests that despite his big election win, some laws of political gravity still apply to Trump. This may explain why two-and-a-half weeks into his transition, several of Trump’s Cabinet picks are embroiled in allegations of sexual misconduct, ethics or legal controversy. Like Gaetz, Hegseth was not prosecuted over the allegation and denies he did anything wrong. Plenty of presidents get a Cabinet pick knocked back and do just fine.

Persons: Donald Trump, –, Matt Gaetz, – Trump, Trump, Pam Bondi, MAGA, Gaetz –, elect’s, Manu Raju, Pete Hegseth, Hegseth, Linda McMahon, McMahon, Robert F, Kennedy Jr, groped, Eliza Cooney, “, Kennedy, he’d, ”, Cooney, “ I’m, he’s, Jean Carroll, didn’t, CNN’s Kristen Holmes, Gaetz, CNN’s Paula Reid, Sarah Ferris, Vance, Tulsi Gabbard, —, Maine Sen, Susan Collins, North Carolina Sen, Thom Tillis, JD Vance, ’, Bondi, she’s Organizations: CNN, Department of Justice, Trump, DOJ, GOP, Cabinet, Former Fox News, Department of Defense, Trump Cabinet, Department of Education, Wrestling Entertainment, WWE, Department of Health, Human Services, USA, Fair, Democratic, Social, Capitol, Senate Republican, Trump University, Republican Locations: Washington, California, Iraq, Afghanistan, Manhattan, Gaetz, Maine, North Carolina, Ohio, Bondi

☆ Her ‘Wicked’ duet with Kristin Chenoweth went viral more than a decade ago. It changed her life for good
▼ + stars: | 2024-11-22 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +6 min

CNN —Kristin Chenoweth doesn’t always sing “For Good,” the soaring duet of heavenly harmonies from the musical “Wicked,” at her shows. Sarah Horn is glad she did. In her case, it put her on a path that changed her life, in her words, “for good.”(From left) Beth Behrs, Darren Criss, Kristin Chenoweth and Sarah Horn at the Hollywood Bowl in 2013. (From left) Sarah Horn and her husband Raffaele Cipriano at their wedding in July. Andrea DeLongThe gift of musicHorn first saw the “Wicked” musical in 2004 on Broadway with the original cast of Chenoweth as Glinda and Idina Menzel as Elphaba.

Persons: CNN — Kristin Chenoweth doesn’t, ”, Glinda, Sarah Horn, Chenoweth, Horn, Glee, Darren Criss, they’re, ” Horn, Oz, Jon M, Beth Behrs, Kristin Chenoweth, Milena Kitic, Kitic, Raffaele Cipriano, “, Soprano, Andrea DeLong, Idina Menzel, Elphaba, you’re, could’ve, ” Kristin Chenoweth, ’ ” Chenoweth, I’ve, aren’t Organizations: CNN, Hollywood Bowl, California Baptist University, Branch, Ars Vocalis Academy, , Broadway, Hollywood Locations: Sarah Horn An, China, Texas, North Carolina, Los Angeles, Italy, Orange, Kansas

☆ One of the world's richest families plans to create Paris's next big soccer success
▼ + stars: | 2024-11-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

"There is an anomaly in French football and in Parisian football, that it is probably the only big city in Europe with only one big football club. France's billionaire Arnault family, owners of luxury group LVMH and one of the richest dynasties on the planet, is preparing to secure majority ownership of minor soccer club Paris FC — but sees any sporting turnaround as a long-term aim. Antoine Arnault speaks to the media during the Paris FC press conference at Groupe ADP – Centre d’entrainement Paris FC on November 20, 2024 in Orly, France. Asked by CNBC whether he saw Paris FC as a potential challenger, Arnault said: "That would be very immodest of us, to even compare ourselves to Paris Saint-German. Arnault told CNBC that if his family wanted a "trophy asset," they would have looked elsewhere.

Persons: Arnault, CNBC's Charlotte Reed, Red Bull, Antoine Arnault, Bernard Arnault, Bull, Germain, We're, Jürgen Klopp, Ryan Reynolds, Rob McElhenney Organizations: Paris FC, Associated Press, CNBC, Leipzig, Austria's, Paris FC —, Groupe ADP –, d’entrainement Paris FC, Qatari, titans Paris Saint, French, Paris Saint, League, Champions League, Liverpool, Premier League, Welsh, Wrexham AFC —, Bull Locations: Europe, Paris, Austria's Salzburg, Orly, France, English, Leipzig, Salzberg

☆ Why the U.S. is growing less food
▼ + stars: | 2024-11-22 | by ( Natalie Rice | ) www.cnbc.com time to read: +3 min

Fruit production is down nearly 36% in 2024 from 2003, while vegetable production is down 6.3%, according to the USDA. Imports make up a growing share of fresh produce availability, with 60% of the total fruits and 38% of vegetables in the U.S. supplied by other countries in 2021, with Mexico as the largest supplier. The U.S. prioritizes growing commodities — like corn, soybeans, wheat and sugar. And that's a big sticking point for many small to midsize farmers growing fruits and vegetables. The 2018 farm bill extended into 2024 but expired in September.

Persons: Angela Huffman, Chip Kent, Tom Vilsack Organizations: United States Department of Agriculture, USDA, Imports, Environmental Locations: States, U.S, Mexico, Locust Grove, Milton , New York

☆ Opinion | We Wanted a New Republican Party. Trump Delivered.
▼ + stars: | 2024-11-22 | by ( Ross Douthat | ) www.nytimes.com time to read: +55 min

Barack Obama was elected president, and the mood in the Republican Party picked up on the mood you’ve already described. But in the end, what he did electorally was not in that election to build the pan ethnic working class Republican Party. But at the very least, there was the conventional wisdom was that the Republican Party had to move substantially to the left on immigration. I just think that if the Republican Party is not the party of private property and wealth building, so I don’t think. Is there any chance that the Republican Party is about to not be the party of private property and wealth building No, no, I think you’re right.

Persons: I’m Ross Douthat, Donald Trump didn’t, Trump, I’ve, Reihan Salam, Reihan, George W, I’m, pry, Ross, Ross Douthat, let’s, Bill Kristol, Bush, Boomer, Giuliani, Ronald Reagan, wasn’t, Bill O’Reilly, Ross Reihan, Bush’s, Barack Obama, Obama, That’s, Mitt Romney, Paul Ryan, Ryan, Rush Limbaugh, notionally, Jeb Bush, Marco Rubio, Bill Clinton, Donald J, Let’s, it’s, It’s, ”, Donald Trump, Rudy Giuliani, Will, electorally, Romney, we’d, didn’t, Pat, John McCain, Frank, Kavanaugh, Trump’s, George Floyd, Biden, hadn’t, progressivism, premised, ender, New Party ”, ryan, neoliberals, Steve Bannon, Steve Moore, we’re, Moore, Bannon didn’t, COVID, JD Vance, Elon Musk, Musk, he’s, Vance, hasn’t, Clinton, Hillary Clinton, Margaret Thatcher’s, Reagan, Roosevelt, Republican policymaking, we’ve Organizations: New York, Republican Party, Manhattan Institute for Policy Research, New Party, New York Times, Harvard Institute of Politics, Harvard, The, Democratic, Great Society, Republicans, Republican, Reagan Democrats, Tribune, Trump, Perot, Tea Party, Party, Social Security, Grand New Party ”, Romney, Obama Trump voters, GOP, Amnesty, Reagan, Biden, American, America, romney, Infrastructure, Clinton Democrat, Uc Locations: Washington , DC, Northwestern, Washington ,, New York, Washington, Iraq, America, “, China, American, United States, Clinton, it’s, Nevada

☆ Dozens of retailers jacked up interest rates on store cards ahead of Fed cuts
▼ + stars: | 2024-11-22 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +6 min

Now we see it's very common for these store cards to charge over 30%." Just before the Fed began its rate-cutting cycle in September, many retailers and their bank partners raised interest rates on their store cards to protect their profits when the federal funds rate — which determines their own interest rates — came down. Now, the average interest rate on a store card is at an all-time high just ahead of the holiday shopping season, which is when most consumers sign up for store cards. That was less than half of the interest rate increase for store cards seen from September 2023 to September 2024, when the federal funds rate didn't budge. When asked why they increased the APR on their store cards, the companies that returned CNBC's request for comment pointed vaguely to industry standards and the current economic environment.

Persons: Tommy, Petco, Ted Rossman, it's, Jasmine Matheney, Nordstrom, Matheney, you've, preemptively Organizations: U.S, Federal Reserve, Navy, Academy Sports, Fed, CNBC, Comenity Bank, Big Lots Locations: Petco, Burlington, Macy's, Michael's, Michigan

☆ Amazon Invests $4 Billion in Anthropic, Deepening Its A.I. Ties
▼ + stars: | 2024-11-22 | by ( Adam Satariano | More About Adam Satariano | ) www.nytimes.com time to read: +1 min

While Anthropic and OpenAI continue to raise significant sums, some smaller companies have essentially been folded into Google and Microsoft. U.S. regulators are also scrutinizing the multibillion-dollar investments that Microsoft, Amazon and Google are putting into A.I. But the deals are seen as allowing the big companies to form deep ties with their smaller rivals while avoiding most government scrutiny. Like OpenAI, Anthropic is a developer of so-called generative A.I., the technology capable of learning from vast amounts of data to create humanlike text and images. Anthropic has tried to position itself as one of the more responsible actors in the field of A.I.

Persons: OpenAI, Anthropic’s Claude, Anthropic Organizations: Google, Microsoft, The New York Times, The Times Locations: U.S

☆ JPMorgan's AI rollout: Jamie Dimon's a 'tremendous' user and it's caused some 'healthy competition' among teams
▼ + stars: | 2024-11-22 | by ( Michelle Abrego | Bianca Chan | ) www.businessinsider.com time to read: +5 min

AdvertisementJPMorgan tech exec Teresa Heitsenrether talked about the bank's ongoing adoption of generative AI. And it certainly has helped with that," Heitsenrether, who is responsible for executing the bank's generative AI strategy, told a conference in New York on Thursday. AdvertisementDimon himself is a "tremendous user," she said, and is waiting for the ability to use the bank's tools on his phone. JPMorgan, America's largest bank, has now rolled out the LLM Suite, a generative AI assistant, to 200,000 of its employees. The wealth and asset management arm was the first division to use generative AI, piloting a generative AI "copilot" for its private bank this summer.

Persons: Teresa Heitsenrether, Heitsenrether, it's, Jamie Dimon, Dimon, He's, Keri Smith, What's, she'll, Sumitra Ganesh, Ganesh Organizations: JPMorgan, Accenture Locations: New York

☆ JaGUar? Luxury automaker defends controversial rebrand amid pivot to EVs
▼ + stars: | 2024-11-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Jaguar new logo Courtesy: JaguarLuxury carmaker Jaguar has defended a rebrand that drew widespread criticism on social media this week. In a release, Jaguar said the media showcased its "dramatic new creative philosophy," branded "Exuberant Modernism," which will "inspire future vehicles." Three new electric models are expected from the company in the coming years, including a four-door GT car expected to have a six-figure starting price. We wanted to move away from traditional automotive stereotypes," Jaguar managing director Rawdon Glover told the Financial Times in an interview published Friday. A parked car featuring the existing Jaguar logo pictured on Monday, January 25, 202.

Persons: Jaguar, Gary Jenkins, they've, Rawdon Glover, Glover Organizations: Tata Motors, Rover, Facebook, CNBC, Jaguar, Miami Art, Financial Times, Nurphoto, Getty

☆ The states Americans left behind to move to Florida — and where people moving out of Florida headed for greener pastures
▼ + stars: | 2024-11-22 | by ( Jordan Pandy | Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

New census data shows that many more people moved into Florida than left between 2022 and 2023. Read on for an analysis of where movers to Florida came from — and where Sunshine State leavers headed for greener pastures. Related storiesPeople who move out of Florida tend to stay in the SouthSimilar to last year, Georgia was the most popular state for those leaving Florida. Some have told BI that they moved to North Carolina for the state's natural beauty and employment opportunities. "We didn't want to leave Florida," John told BI in 2023.

Persons: Derek Edwards, Edwards, Terry Gilliam, John, Natalia Organizations: Sunshine State, American Community Survey, Sunshine, Golden State Locations: Florida, Wisconsin, Colorado, Caribbean, Miami, —, York, California, Texas, New York, Georgia, North Carolina, Virginia, Tennessee, Alabama, South Florida, Dell Prairie , Wisconsin

☆ Leaked memo: Amazon says staff in Germany can apply to work from home 2 days a week amid RTO push
▼ + stars: | 2024-11-22 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

AdvertisementAmazon has told staff in Germany they can apply to work from home for up to two days a week. Amazon has a global mandate for all employees to return five days a week to the office from January. Amazon employees in Germany will be able to apply to work from home up to two days a week when the company's global return-to-office mandate takes effect, Business Insider has learned. Amazon said the expectation is still for employees to work from the office five days a week in Germany, and that it had a similar flexible work policy before the pandemic. It also states that the policy applies to all Amazon employees in Germany, but it does not include Twitch and Audible employees.

Persons: Slack, Andy Jassy, Amazon, Jassy, it's, Jyoti Mann Organizations: BI, Amazon, Business Locations: Germany, jyotimann

☆ Kumail Nanjiani books hotels with good gyms. These are 2 workout machines he looks for — and 1 he hates to see.
▼ + stars: | 2024-11-22 | by ( ) www.businessinsider.com time to read: +3 min

He books hotels based on which have the best gym, including machines like a leg press. AdvertisementNanjiani's ideal gym has a leg press and shoulder press machineNanjiani said the two pieces of fitness equipment he's most excited to see in a hotel gym are a leg press and a shoulder press machine. Advertisement"I love a leg press machine. It doesn't have a leg press machine, so I'm doing squats," he said. But his go-to for upper body exercise is the shoulder press machine because it helps ensure safety and good form even at higher intensities.

Persons: Kumail Nanjiani, Nanjiani, I'm, Emily, I've Organizations: Quest Nutrition

☆ 'Shark Tank' investor Barbara Corcoran says young people's dreams of buying a home are being crushed
▼ + stars: | 2024-11-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

AdvertisementBarbara Corcoran says it's "disturbing" how young people are being locked out of the housing market. The "Shark Tank" investor pointed to first-time buyers getting older and losing out to cash buyers. High prices, steep mortgage rates, and fierce competition are locking young people out of becoming homeowners, Barbara Corcoran says. Plus, the median age of first-time buyers climbed from 35 to 38. Corcoran also dismissed concerns that the housing market is overheated and headed for a slump.

Persons: Barbara Corcoran, Corcoran, Trump, Sellers, —, they're, Trump's Organizations: Fox Business Network, The Corcoran Group, National Association of Realtors

☆ Red Lobster's millennial CEO says the chain saw a boost in sales after launching its revamped menu — with no endless shrimp
▼ + stars: | 2024-11-22 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

AdvertisementRed Lobster recently introduced a revamped menu with no "endless shrimp." Red Lobster's new CEO said the chain's revamped menu — which no longer includes its infamous "endless shrimp" promotion — has already started to help turn things around at the struggling company. In 2023, the long-running chain made the once-limited-time offer of $20 endless shrimp a permanent menu fixture in an effort to get more customers in the door. Advertisement"Countless people grew up going to Red Lobster at important times in their lives," Adamolekun told the outlet. Advertisement"There's been so much turmoil around the business that some people just opted out," Adamolekun told Bloomberg.

Persons: Red, —, Damola Adamolekun, Adamolekun, hadn't Organizations: Bloomberg, Street Journal

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