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Washington, DC CNN —Florida is America’s inflation hotspot, thanks to a persistent problem with sky-high housing costs. The Miami-Fort Lauderdale-West Palm Beach area has the highest inflation rate of metro areas with more than 2.5 million residents, with a 9% inflation rate for the 12 months ended in April. Urban Hawaii had the second lowest inflation rate at 2% — mirroring the Federal Reserve’s target for its preferred inflation gauge, the Personal Consumption Expenditures index. A vexing inflation problem in the Sunshine StateIn Florida, the state’s growing population has been pushing up inflation — particularly via housing costs. Even though the Twin Cities’ inflation rate is currently the lowest among major cities, it might not feel that way to residents, Schipper said.

Persons: That’s, ”, Amanda Phalin, Phalin, “, ” Phalin, Paul, Tyler Schipper, Thomas, Schipper, “ You’re, Latoya Rogers, Kaiji Chen Organizations: DC CNN, Fort, Consumer, Labor Department, Urban, Sunshine State, University of Florida, Labor, Tampa, University of St, of Labor Statistics, CPI, Twin, Federal Reserve Bank of, Fed, Cub, Costco, Sam’s, Atlanta, Emory University Locations: Washington, Florida, Miami, Fort Lauderdale, West Palm Beach, Tampa, St, Petersburg, Clearwater, Minneapolis, Urban Hawaii, Sunshine State In Florida, New York, Tampa Bay, “, Twin Cities, Federal Reserve Bank of Minneapolis ’, Midwest, Minnesota, Cities, Atlanta, Sandy Springs, Roswell, —

☆ Wall Street analysts think these 5 bank stocks will do well in the second half
▼ + stars: | 2023-07-02 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

All 23 banks that the Federal Reserve subjects to its annual stress test passed the key evaluation after the market closed on Wednesday. Nonetheless, the stress test helped lift major banks stocks, including Wells Fargo and JPMorgan Chase , on Thursday. Phoenix-based Western Alliance , meanwhile, is 58% below its 52-week high. WAL YTD mountain Western Alliance stock has slipped more than 38% so far this year. Wells Fargo stock has gained almost 3.5% in 2023 after climbing 3.4% on Thursday following the Fed's stress test.

Persons: Wells, JPMorgan Chase, Goldman Sachs, Goldman, David Solomon, FactSet Organizations: Federal Reserve, Silicon Valley Bank, Signature Bank, First, KBW Bank, PacWest Bancorp, Western Alliance Bancorp, JPMorgan, CNBC Pro, KBW Bank ETF, Goldman, Western Alliance, Western, Wells, San Locations: U.S, Silicon, GreenSky, Phoenix, Wells Fargo, San Francisco

☆ 10 Things in Tech: Airbnb's Montana smackdown, Microsoft whining, Salesforce worrying, and Reddit rage
▼ + stars: | 2023-06-26 | by ( Alistair Barr | ) www.businessinsider.com time to read: +5 min

I'm Insider's global tech editor Alistair Barr, and I've been missing people a lot lately. Airbnb Montana smackdown: Life in the town of Bozeman is harder thanks to short-term rentals. That sparked a boom in Airbnb and Vrbo properties in the town, causing rents and property prices to surge. They are concerned about retaining talented colleagues, their future at Salesforce, and how leadership decisions adhere to the company's core values. Submit your nomination for Insider's 5th annual list recognizing first-time and newly named top marketers at consumer brands.

Persons: Alistair Barr, I've, I'd, we're, let's, Brian Chesky Mike Segar, Airbnb Montana, Dan Latu, Justin Sullivan, Read, Nassim Taleb, SoftBank, it's, that's, Bowties, India Narendra Modi, Mark Zuckerberg, Elon Musk, Kevin Dietsch, Dana White, Lisa Ryan, Jack Sommers Organizations: Bozeman Tenants United, Getty, Microsoft, Silicon Valley titans, White House, UFC, Insider's Locations: Bozeman, Airbnb, Seattle, Washington, Salesforce, Silicon, India, China, Silicon Valley, New York, London

☆ The battle over short-term rentals is heating up in Montana. 4 locals share which side they're on and why.
▼ + stars: | 2023-06-23 | by ( Dan Latu | ) www.businessinsider.com time to read: +9 min

The number of short-term rentals in Bozeman, Montana, nearly doubled between 2020 and 2023. The number of short-term rentals in town nearly doubled during the pandemic, according to analytics site AirDNA. Finegan said banning short-term rentals is "one of the most impactful things in our control" to create more affordable housing for locals. He dismissed banning short-term rentals because of rowdy or unclean guests, calling those arguments a "red herring" often drawn up against hosts. Larsen said she would support a ban on whole-home short-term rentals.

Persons: —, Bozeman, Benjamin Finegan, Finegan, Angas Reid, Michael Rutkowksi, Rutkowski, he's, Jason Ridgway, Ridgway, it's, Reid, there's, Angas Reid Ridgway, Wynona Larsen, Larsen, " Larsen, she'll, she's Organizations: Service, Time Magazine, Bozeman Tenants United, Bozeman, Walmart Locations: Bozeman , Montana, Bozeman, Aspen, Atlanta , U.S, Airbnb, Paradise, Montana, Livingston , Montana, Livingston

☆ Here are analysts' favorite regional banking stocks as sector recovers from its crisis lows
▼ + stars: | 2023-06-11 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Investors could have reason to warm up to regional bank stocks. Over the past month, the regional bank fund has added nearly 17%. While the KRE is still well below its crisis-era lows from early May, some regional bank stocks seem to have swayed analysts that the worst is behind them. KRE 1M mountain The regional bank ETF over the past month. While the bank felt the pressure from the broader regional banking crisis, analysts aren't fleeing the stock.

Persons: aren't Organizations: Silicon Valley Bank, Regional Banking, CNBC, JPMorgan, FactSet, National, Western Alliance, WAL, Citizens Financial, Bancorp Locations: Republic

☆ US passenger railroad Amtrak CEO says ridership near pre-pandemic levels
▼ + stars: | 2023-06-06 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, June 6 (Reuters) - Amtrak CEO Stephen Gardner said on Tuesday the U.S. passenger railroad expects traffic to get back to pre-pandemic levels even as it projects about $800 million in losses for the current budget year. Passenger capacity measured by available seats during April remained 15% lower than 2019 systemwide because trains were running less frequently and there were equipment shortages, he added. Previously, Amtrak reported an adjusted operating loss of $884.9 million for 2022 and said it aims to break even in the coming years. Congress approved $66 billion for rail as part of the 2021 infrastructure bill, with Amtrak receiving $22 billion. Amtrak wants to double ridership nationwide by 2040 after its ridership grew 45% from 2003 to 2019 to 32.3 million riders.

Persons: Stephen Gardner, Gardner, David Shepardson, David Gregorio Our Organizations: Amtrak, U.S, U.S . House, Thomson Locations: Washington, Boston, Arlington , Virginia, Baltimore, Florida , Ohio, Arizona, Gulf Coast, Nashville, Columbus, Phoenix, Las Vegas

☆ OPEC+'s mixed messages, recession fears make it too early to buy the dip on our oil stocks
▼ + stars: | 2023-05-31 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +4 min

A slide in crude oil prices has weighed on the Club's three energy holdings. Brent crude — the global oil benchmark — and West Texas Intermediate Crude, the U.S. oil standard, have fallen roughly 7% and 8%, respectively, over the past week. @CL.1 5D mountain West Texas Intermediate crude prices over the past five days. In those instances, Gabelman said he thinks oil prices are unlikely to react significantly. In sum, we find the situation leading up to the OPEC+ meeting too murky to make a move on our oil stocks, despite their recent swoon.

Persons: Saudi Arabia — OPEC's, —, Prince Abdulaziz bin Salman, Alexander Novak, Jason Gabelman, Gabelman, We're, Jim Cramer's, Jim Cramer, Jim, Joe Klamar Organizations: of Petroleum, Russian, Brent, West, Energy, Natural Resources, Halliburton, HAL, Texas, Cowen, CNBC, OPEC, AFP, Getty Locations: OPEC, Saudi Arabia, Russia, Saudi, West Texas, U.S, Covid, Europe, Austrian, Vienna, Austria

☆ Here's what analysts are saying after Western Alliance's latest update
▼ + stars: | 2023-05-17 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Analysts on Wall Street are optimistic on Western Alliance after the bank's latest deposit update. Shares of Western Alliance popped more than 9% in the premarket. The analyst has a $71 per share price target on Western Alliance, which represents about 125% upside from Tuesday's closing price of $31.59. WAL YTD mountain Western Alliance stock has broken out in recent days, gaining 15% in the last five trading sessions. His price target points to more than 100% upside over the next 12 months.

Bank of America is jumping back on the Western Alliance Bancorp bandwagon. Analyst Ebrahim H. Poonawala resumed coverage on the bank with a buy rating. Bank of America dropped its rating on the stock as Western Alliance got caught up in the broader regional bank sell-off after the failure of Silicon Valley Bank and Signature Bank — which was then followed by the collapse of First Republic. Western Alliance shares have lost more than 58% over the past three months. WAL 3M mountain Western Alliance shares Poonawala noted that while Western Alliance "is not out of the woods yet," the bank's management has shown "remarkable execution thus far in navigating the post SVB turmoil."

☆ This 'dirt cheap' regional bank stock could rebound more than 100%, Janney says
▼ + stars: | 2023-05-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Janney analyst Timothy Coffey said in a note to clients Monday that Western Alliance is now "dirt cheap" and reiterated his buy rating on the stock. "Bank stocks of all stripes have been volatile since Silicon Valley Bank and Signature Bank were closed in mid-March. However, recent volatility in WAL (and, for that matter, PACW, BUY-rated) do not indicate company-specific weakness," the Janney note said. Janney has a fair value estimate of $63 per share for Western Alliance, which is more than 100% above where the stock closed on Friday. The stock was trading above $70 per share in March before Silicon Valley Bank collapsed, triggering the sell-off for regional banks.

☆ A housing economist shares the top 5 markets with the highest risk of price declines, plus where mortgage rates could be by year-end
▼ + stars: | 2023-04-26 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Mortgage rates are expected to be in the high fives by year-end, says Selma Hepp. Five US metros including Salt Lake City and Boise are highly vulnerable to price declines. It is a rough time for the real-estate market as mortgage rates remain volatile. Although mortgage rates are difficult to predict, Hepp says they could be in the high fives or about 5.8% by year-end. Below is a list of the markets with the highest risk of price declines, according to CoreLogic data.

☆ Regional bank reports so far show deposits are stabilizing. What's next for the stocks
▼ + stars: | 2023-04-19 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The opening days of the first-quarter earnings season have spurred a sigh of relief among investors, especially when it comes to the regional banks whose future seemed seriously in doubt just a month ago. A quick glance at the early reports from the biggest regional banks show only modest deposit declines in the first quarter. One deposit drop that caught some analysts off-guard among the larger regional banks was a nearly $20 billion decline at US Bancorp , but the bank still has more than $500 billion in deposits. Longer term outlook However, the stabilized funding may not be enough for the regional bank stocks to catch up to their larger competitors, which are viewed as safer and have more diversified businesses. A potential recession could cause credit losses at regional banks in the coming months, and commercial real estate exposure is particularly concerning for investors.

☆ How Unusual Was This Winter’s Snowfall Across the U.S.?
▼ + stars: | 2023-04-12 | by ( Zach Levitt | Elena Shao | ) www.nytimes.com time to read: +9 min

Boston New York City 120 inches 120 80 80 Previous years since 2003 40 40 This year Oct. Dec. Feb. Apr. Oct. Dec. Feb. Apr. Philadelphia Washington, D.C. 120 120 80 80 40 40 Oct. Dec. Feb. Apr. Oct. Dec. Feb. Apr. Boston 100 inches Previous years since 2003 80 60 40 20 This year Oct. Dec. Feb. Apr.

Organizations: + + +

☆ Wells Fargo's top short-term trade ideas for the second quarter
▼ + stars: | 2023-04-05 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

As the second quarter kicks off, Wells Fargo's equity research team has some favorite long plays. As investors look to keep the winning spirit alive in the new quarter, Wells Fargo's equity research team compiled a list of best long plays. But Wells Fargo said the company could absorb incremental market share following Silicon Valley Bank's closure given its position in the technology sector and sophisticated management. Spotify will likely introduce a price increase within the U.S. in the second or third quarter, Wells Fargo said. Paramount struggles from industry-wide challenges such as the decline of linear, while also struggling to scale its direct-to-consumer offerings to reach profitability, Wells Fargo said.

☆ UBS sees a rally in these bank stocks ahead as bank crisis appears contained
▼ + stars: | 2023-03-31 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Several bank stocks appear ready to rebound in April as the failure of Silicon Valley Bank fades from investors' minds, according to UBS. UBS analyst Erika Najarian said in a note to clients that the next step could be a rebound for bank stocks. Thus, we see the stage setting for a rally into earnings," Najarian said. Two of the stocks that UBS highlighted were Comerica and Western Alliance , which are down about 38% and 52%, respectively, in March. WAL 1M mountain Western Alliance is one of many regional bank stocks that has struggled in March.

☆ Goldman Sachs says buy oil-stock pullbacks, highlighting a Club name to purchase
▼ + stars: | 2023-03-23 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Goldman Sachs said in a research note Thursday the recent energy sector pullback should be viewed as a reason to buy since that strategy has worked well since late 2020. West Texas Intermediate crude and energy stocks have been under intense pressure in recent weeks on the back of heightened recession fears. Based on that criteria, Goldman has Pioneer Natural Resources (PXD) on its "Americas Conviction List" with a buy rating. Recognizing the ups-and-downs of owning energy stocks, we still believe they should be part of any diversified portfolio. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Piper Sandler did a deep analysis of banks and says these are the ones to buy on the dip
▼ + stars: | 2023-03-22 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The repercussions from the ongoing banking crisis will take some time to play out, but Piper Sandler has names for investors to start sorting through among the wreckage. Even so, banks are dealing with tightening lending standards and rising costs that will continue to weigh on the sector. Still, some banks with strong deposit and liquidity characteristics can help investors find safe harbor, according to Piper Sandler. Here are three overweight-rated, mid-cap bank stocks that Piper Sandler highlighted: The analysts named SouthState Corporation to their list, saying they have confidence in the bank's ability to outperform peers because of its "strong low-cost, core deposit base." First Interstate BancSystem was named to the list because of its lower cost deposit base, its relatively insulated location, and its strong dividend yield.

☆ Ken Griffin's hedge fund Citadel takes a 5% stake in Western Alliance Bancorp amid banking turmoil
▼ + stars: | 2023-03-14 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Billionaire investor Ken Griffin's hedge fund Citadel has taken a 5.3% stake in Western Alliance Bancorp amid turbulence in the banking sector after Silicon Valley Bank's collapse, according to a regulatory filing released Monday . The hedge fund owns thousands of individual stocks and often trades in and out of positions quickly. WAL 5D mountain Western Alliance Bancorp The bank stock rallied more than 40% Tuesday following a 47% sell-off on Monday. On Monday, Western Alliance said it saw only "moderate" outflows , and its cash reserves exceed $25 billion. The hedge fund soared a whopping 38% in 2022, marking the firm's best year ever.

☆ A worse-than-expected recession will cause the price of homes in overvalued markets to fall 20% this year — and these 3 cities are most at risk
▼ + stars: | 2023-02-09 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Here are three cities where properties are overvalued and could drop by 20%. "I think it's going to continue to be a rolling recession, of which housing has already started." Many pundits expect that to change, and some are predicting that US home prices will plunge 20% in 2023. How much home values fall depends both on how long and painful the upcoming recession is and what market they're in, Polcari said. "In some parts of the country that got really overexaggerated, you could see those prices come in 20%," Polcari said.

☆ It's official: Remote work is going to make it easier to buy a home
▼ + stars: | 2023-01-04 | by ( James Rodriguez | ) www.businessinsider.com time to read: +12 min

Remote work pushed housing trends into warp speedIn some ways, the pandemic's housing shifts were a long time coming. The shift to remote work also hastened many people's desire for more space. Across the country, remote workers chose to part ways with roommates or seek out larger homes. Elon Musk asserted his authority at Twitter by putting an end to remote work. On the other hand, as my colleague Aki Ito previously argued, a recession could further ingrain remote work as employers look to cut spending on real estate.

☆ As tech companies pull back on spending, big office holiday parties are on the chopping block
▼ + stars: | 2022-12-22 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

Apparently, some tech workers are also missing their companies' holiday festivities — but not because they're bopping around in the Mountain West. As tech companies pull back on spending, big office holiday parties are on the chopping block. Cost-cutting is coming for startups — and big office holiday parties are first on the list. For startup founders and venture capitalists, the office holiday party is a December tradition. But this year, holiday parties in startup-land look a little different.

For the past three cycles, chair of the Democratic Congressional Campaign Committee, a leadership post, had been elected by rank-and-file Democrats. But members recently voted to reinstate a rule that gives the party’s leader the power to select the chair, putting the decision in Jeffries’ hands. House Republicans last month elected Richard Hudson of North Carolina as their campaign chief for the 2024 cycle. We went 35-4 in the front-line races.”But several Democrats think a different approach is needed, and they are urging Jeffries to look outside the Democratic Caucus. “It should be someone who can really campaign well, who is familiar with the process and dynamics of the House.

☆ 'Yellowstone' prequel '1923' trailer released, starring Harrison Ford and Helen Mirren
▼ + stars: | 2022-11-28 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +2 min

CNN —Fans of the TV blockbuster “Yellowstone” are in for a treat after Paramount + released a preview of the upcoming prequel “1923” – starring Harrison Ford and Oscar-winner Helen Mirren. The much-anticipated “1923” follows on the success of another “Yellowstone” spinoff – “1883” – which stars real-life spouses Tim McGraw and Faith Hill, along with Sam Elliott. It tells the story of how the family came to own Yellowstone ranch. Speaking with an Irish accent, Mirren, 77 – who won an Academy Award in 2006 for her role in “The Queen” – looks set to be a formidable opponent for those trying to take over her family’s land. In one scene in the trailer, she warns: “Men kill quick with a bullet or a noose.

☆ Don Jr. missed Trump's 2024 campaign launch because he was hunting and couldn't get a flight, report says
▼ + stars: | 2022-11-16 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

Former President Donald Trump launched his 2024 bid at Mar-a-Lago on Tuesday night. His eldest son, Donald Trump Jr., was notably absent despite being a major supporter. Former President Donald Trump formally launched his 2024 bid for the Republican nomination at his Mar-a-Lago resort in Florida on Tuesday evening. Don Jr. tweeted clips of his father's campaign announcement on Tuesday evening, and his fiancée, Kimberly Guilfoyle, was at the launch party in Mar-a-Lago. Kushner did attend the presidential campaign launch on Tuesday night.

Across the United States, cases of respiratory syncytial virus, or RSV, and influenza are increasing. Influenza activity continues to increase in the US – the number of flu illnesses, hospitalizations and deaths so far this season nearly doubled in the past week. RSV cases are also increasing nationally, although there are regional differences in the circulation of these viruses, Romero said. In the South and Mountain West, RSV cases appear to have peaked in October. There are signs that RSV cases are slowing in the southern region of the US, but test positivity rates and cases continue to rise in other regions, especially the Midwest.

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