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When busloads of migrants from Venezuela and Latin America started turning up on New York City streets in 2022, it spurred a crisis that has overwhelmed city shelters and incited protests over immigration policies. Thousands of Chinese migrants have also made their way to New York, with many following on the heels of migrants from Central and South America and crossing at the United States-Mexico border. Once they reach the city, however, many are tapping into long-established family and social networks in Chinese enclaves to get on their feet quickly and, for the most part, on their own. It is not known exactly how many Chinese migrants have landed in New York. But immigration court filings since October 2022 show that New York State was their top destination — with more than 21,000 filings for Chinese migrants — followed by California, according to an analysis by Julia Gelatt, an associate director at the Migration Policy Institute.
Persons: Eric Adams, Julia Gelatt Organizations: Latin America, New, New York State, Migration Policy Institute Locations: Venezuela, Latin, New York City, New York, Central, South America, United States, Mexico, California
Gorodenkoff | Istock | Getty ImagesMany women today are looking for "financial peace," said Jean Chatzky, founder and CEO of HerMoney. What that means: "It looks like being able to meet my obligations today, while being able to save for tomorrow," said Chatzky, speaking at CNBC's Women & Wealth event on Tuesday. Debt and savings: 'Work it from both ends'Establishing financial security requires tackling debt and saving at the same time, Chatzky said. "When we look at the things that make us most unhappy when it comes to our money, debt rises to the top of the list." However, women need to juggle paying down their debt with preparing for their future, Chatzky said.
Persons: Jean Chatzky, Chatzky, Winnie Sun, Sun, you've Organizations: Istock, Getty, CNBC's, Sun, Wealth Partners, CNBC Locations: Irvine , California
Ghana’s parliament passes anti-homosexuality bill
  + stars: | 2024-02-28 | by ( David Mckenzie | ) edition.cnn.com   time to read: +2 min
Johannesburg CNN —Ghana’s parliament on Wednesday unanimously passed a controversial anti-homosexuality bill that has drawn international condemnation. The bill, which was introduced in the parliament in 2021, not only criminalizes LGBTQ relationships, but also those who support LGBTQ rights. The bill in Ghana still needs to be signed off by the country’s president before it becomes law. “Approaches rooted in inclusion of all people have been crucial to Ghana’s progress in the HIV response,” Byanyima said in a statement. “Evidence shows that punitive laws like this bill are a barrier to ending AIDS, and ultimately undermine everyone’s health.”
Persons: , , Sam George, Volker Türk, Winnie Byanyima, ” Byanyima, Byanyima Organizations: Johannesburg CNN —, Twitter, CNN, United Nations Locations: Johannesburg, Africa, Ghana
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese consumer downgrade trend continuing despite strong lunar new year data, says analystWinnie Wu, China equity strategist at BofA Securities, weighs in on which parts of the Chinese economy are seeing a pick up after the lunar new year.
Persons: Winnie Wu Organizations: BofA Securities Locations: China
So when Taft accused Truman — not long after his “special” train had stopped in Crestline — of going around the country on this campaign train tour “blackguarding (attacking) Congress at every whistle-stop,” Truman embraced the opportunity. Altogether, Segal has cataloged about 180 campaign train trips throughout U.S. history — from William Henry Harrison to Joe Biden, with dozens of presidents, vice presidents, first ladies, representatives, senators and governors in between. The project was inspired by Segal's personal experience organizing a whistle-stop campaign tour for Republican U.S. Rep. Mickey Edwards of Oklahoma, for whom he was serving as press secretary in 1984. Sometimes campaign trains were used in creative ways, too, as when comedian Gracie Allen pretended to run for president in 1940, as the nation was recovering from the Great Depression. In 1972, Winnie the Pooh launched a bid for the White House from Disneyland's Main Street, U.S.A., then went on a two-week whistle-stop tour with his trusted advisers, Tigger and Eeyore.
Persons: Crestline, Harry S, — Ohio's, Sen, Robert Taft —, Edward Segal's, ” Segal, toots, , Taft, Truman —, , ” Truman, Truman, Segal, William Henry Harrison, Joe Biden, Mickey Edwards of, , ’ ” Segal, George McGovern, Adlai Stevenson III, Jody Powell, , Robert Kennedy, Richard Nixon, George Bush, Barack Obama, Jack Bell, Theodore Roosevelt's, Roosevelt, Gracie Allen, “ Gracie, Winnie, Tigger, Linda Horning Pitt, Crestline —, Pitt Organizations: Republican, , Democratic, Democratic National Committee, Republican U.S . Rep, Technology, Associated Press, Surprise Party, Democrat, White, Amtrak, Ohio, Federal Railroad Administration Locations: CRESTLINE, Ohio, Crestline, ” U.S, Mickey Edwards of Oklahoma, congressman’s, , pranksters, Disneyland's, U.S.A
CNN —After years of urging, players of “The Sims 4” have a new skin feature for their Sim: vitiligo. On Tuesday, “The Sims 4” launched an update that lets players add vitiligo skin features to their Sims in an effort to diversify representation in the game’s characters. Players can now add vitiligo patches to their Sim’s face, torso, arms and legs, regardless of skin tone or age. The team created 61 vitiligo variants for this initial release — consisting of varying patterns and shades, depending on the Sim’s skin tone. “We prioritize adding representation features like vitiligo to ensure our players feel seen and have a space for expression.
Persons: , , Winnie Harlow, Sims, ” Harlow, Anna Huerta, ” Huerta, podcaster Alasdair Stuart, Barbie Organizations: CNN, Harlow
AdvertisementGiraffes might just be the next thing banned on China's social media. The post doesn't mention China and instead promotes US efforts to track down endangered giraffes in Africa using GPS technology. But on Weibo, China's version of X, the embassy's post mysteriously went viral, with 970,000 likes and 180,000 comments as of Tuesday evening. AdvertisementInvestors flooded the giraffe post last weekend with comments complaining about China's slumping stock market, as Bloomberg, CNN, and Reuters reported. Irate commenters were copy-pasting the headline of a state media article, published on the same day as the giraffe post, that said the "entire country is filled with optimism."
Persons: , Xi Jinping, Peppa, Long, haven't, Weibo Organizations: Service, Embassy, Bloomberg, CNN, Reuters, CSI, Beijing, China Digital Times, Business Locations: China, Africa, Weibo, Republic, China's
This is how Doug Boneparth, a certified financial planner, starts what he calls a "death note" to his wife, Heather. Sun refers to this concept not as a death note, but as the assembly of one's "financial first aid kit." Don't forget social media accounts, physical itemsOne's online presence is also an important element of a death note, the advisors said. For example, how would you like your social media accounts and professional websites managed after you die? Importantly, don't keep your note secret — tell your loved ones that you've drafted it and where to find it, they said.
Persons: Kathrin Ziegler, Doug Boneparth, Heather, one's, Boneparth, , Franklin, Matthew Perry's, they're, Winnie Sun, It's, Sun, you've Organizations: Digitalvision, Finance, Sun Group Wealth Partners Locations: New York, Irvine , California
But this week, China embarked on monetary easing as it pledged to reduce the amount of liquidity that its banks are required to hold as reserves. Earlier this week, Bloomberg News, citing sources, reported that China is considering a $278 billion package to rescue its stock markets. Andrew Lapping, chief investment officer at Ranmore Fund Management , says the sharp decline in China markets is an "opportunity." "So the stock market is certainly putting much higher equity risk premium ... there are also concerns about policy direction, policy clarity ... Renewable energy: China Longyuan Power Group, China Resources Power.
Persons: Brendan Ahern, CNBC's, Andrew, Winnie Wu, Guy Spier, CNBC's Tanvir Gill, , Wu, what's, Ahern, Amundi, It's, Morgan Stanley, Michael Bloom, Evelyn Cheng Organizations: Bloomberg, Investors, Ranmore Fund Management, BofA Securities, CCP, JPMorgan, EV, UBS, Baidu, China Communications, China Construction Bank, Ping An Insurance, China Longyuan Power Group, China Resources Power Locations: China, United States, Industrials
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina needs to convince investors what will be the next growth driver after property: BofAWinnie Wu, Bank of America's chief China equity strategist, says questions will have to be raised about whether such a driver will be big enough to boost employment and gross domestic product growth.
Persons: Winnie Wu Organizations: China, Bank of America's Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of America and KraneShares strategists discuss the impact of China's PBOC easing on its marketsWinnie Wu, Bank of America's chief China equity strategist, says recent policy measures to stabilize the stock market help put a floor "to stop some of this capitulation," but a "fundamental turnaround" will be needed if investors are to return to the Chinese market.
Persons: Wu Organizations: Email Bank of America, Bank of America's Locations: China
Starting Feb. 5, the People's Bank of China will allow banks to hold smaller cash reserves, central bank governor Pan Gongsheng said at a press conference, his first in the role. Cutting the reserve requirement ratio (RRR) by 50 basis points is set to release 1 trillion yuan ($139.8 billion) in long-term capital, the central bank said. A 2 trillion yuan boost? Chinese Premier Li Qiang on Monday called for much stronger measures to boost market stability and confidence, according to an official readout. Chinese authorities in October already announced the issuance of 1 trillion yuan in government bonds, alongside a rare increase in the deficit.
Persons: Gongsheng, Pan Gongsheng, Tao Wang, Ting Lu, a, Lu, Wang, Stocks, Winnie Wu, That's, Li Qiang, Pan, Philip Yin, David Chao, Pan's Organizations: People's Bank of China, State Administration of Foreign Exchange, Financial, Getty, Visual China, People's Bank of, UBS Investment Bank, Wednesday, National Financial Regulatory Administration, UBS, Bank of America's, Bloomberg, PBOC, Citi, U.S, Asia Pacific, CNBC Locations: BEIJING, CHINA, Beijing, China, People's Bank of China, Asia, Hong Kong, capitulating, Japan, Invesco
NEW YORK (AP) — Lorrie Moore, Naomi Klein and the Egyptian writer Ahmed Naji are among the finalists for National Book Critics Circle awards. Honorary prizes are going to Judy Blume and to a longtime ally of Blume's in the fight against book bans, the American Library Association. On Thursday, the critics circle announced nominees in seven competitive categories, ranging from fiction to debut book to best translation. The other fiction nominees are Justin Torres' “Blackouts,” winner of the National Book Award last fall; Teju Cole's “Tremor,” Daniel Mason's “North Woods”; and Marie NDiaye's “Vengeance Is Mine,” translated from the French by Jordan Stump. The book critics circle, founded in 1974, consists of hundreds of reviewers and editors from around the country.
Persons: — Lorrie Moore, Naomi Klein, Ahmed Naji, Judy Blume, Blume's, Moore, , Justin Torres, ” Daniel Mason's “, Marie NDiaye's, Jordan Stump, Grace E, Tina Post's, ” Nicholas Dames, , Myriam Gurba's, Naji, Katharine Halls, Matthew Zapruder's “, ” Susan Kiyo Ito's, David Mas, Patricia Wakida, Jonathan Coe's Martin Luther King, Gregg Hecimovich, Hannah Crafts, Anna, Rachel Shteir's, Betty Friedan, Jonny Steinberg's, Winnie, Nelson, Saskia Hamilton's “, ” Kim Hyesoon's, ” Romeo Oriogun's, Robyn Schiff's, Kareem Abdulrahman, Natascha Bruce, Dorothy Tse's ”, Don Mee, Kim Hyesoon's, ” Todd, ” Maureen Freely’s, Tiffany, Indonesian Norman Erikson Pasaribu's, John Leonard, Ariana Benson's, ” Emilie Boone's, ” Victor Heringer's “, ” Tahir Hamut Izgil's, Donovan X, Martin J, Siegel's, Blume, Becca Rothfield, Marion Winik Organizations: American Library Association, Rotten, PEN America, U.S, Washington Locations: Egypt, Indonesian
The New York Public Library’s grand research library at Fifth Avenue and 42nd Street is home to Virginia Woolf’s walking stick, Charles Dickens’s desk chair and the original Winnie-the-Pooh. But one evening last week, a crowd in one of the library’s elegant public rooms was milling around a goofier treasure: an Abraham Lincoln-themed pie safe. The safe — a large cabinet made to store pies, inlaid with decorative punched-tin panels celebrating the president — was probably created for one of his campaigns. It was on view at a memorial for Jonathan Mann, a collector whose trove of rare letters, photographs, banners, ballots, ribbons, campaign songbooks and other sundry bits of Lincolniana is being acquired by the library.
Persons: Charles Dickens’s, Abraham Lincoln, , Jonathan Mann Organizations: New York Public, Fifth Locations: Virginia
It has been called the world’s largest armory — a palatial fortress in the middle of the northwest Bronx, with turrets overlooking the subway station. But for nearly 30 years, the Kingsbridge Armory has languished despite grand plans by mega-developers, billionaire investors and celebrities to repurpose the 570,000-square-foot landmark. It hopes to bring high-tech manufacturing jobs, a live performance space, new businesses and affordable housing to the city-owned site. The proposed development, if selected by city officials, would be led by the Northwest Bronx Community and Clergy Coalition, an influential nonprofit group that has fought for racial justice, affordable housing and economic development in the city’s poorest borough since 1974. The plan grew out of years of frustration among community leaders and residents who were tired of being sidelined in previous plans for the armory.
Organizations: Kingsbridge Armory, Northwest Bronx Community, Clergy Coalition Locations: Bronx, Kingsbridge
New York City saw its biggest single-day snowfall in nearly two years on Tuesday, breaking its longest streak on record without significant accumulation, the National Weather Service said. As of 7 a.m., 1.4 inches of snow had fallen in Central Park, according to the weather service — with 0.4 inches falling Monday evening, before midnight, and one inch after. That broke a streak of 701 days without meaningful snowfall, which in New York City is measured by at least one inch falling in Central Park on a given day. The last time there was significant snow in the park was Feb. 13, 2022, when 1.6 inches fell. At least another inch of snow was expected by the end of Tuesday, with some neighborhoods expected to see up to three inches, according to the weather service.
Organizations: National Weather Service Locations: York City, Central Park, New York City
Many of these immigrants said they never expected to grow old in the city and, after years of saying “I’m leaving tomorrow,” are simply not prepared for that reality when it comes. Some are still chasing the American dream long after their prime working years. Older immigrants have largely propelled the rapid growth of the city’s 65-and-up population to 1.4 million, according to a census analysis by Social Explorer, a data research company. In 2022, there were 713,000 older immigrants, a 57 percent increase from 2010. During that same period, the number of U.S.-born older residents rose 25 percent to 678,000.
Persons: “ I’m Organizations: Social Explorer
The world also said goodbye to former U.S. Secretary of State Henry Kissinger, who died Nov. 29. Political Cartoons View All 1277 ImagesAnother political figure who died this year was former U.S. first lady Rosalynn Carter, who died Nov. 19. Among the entertainers who left the world this year was singer Tina Turner, who died May 24. Here is a roll call of some influential figures who died in 2023 (cause of death cited for younger people, if available):___JANUARY___Fred White, 67. A Hall of Fame forward who helped the Chicago Blackhawks win the 1961 Stanley Cup Final.
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Trump, Diamond, Constantine, Jan, Tatjana Patitz, George Michael’s, Lisa Marie Presley, Elvis Presley, Robbie Knievel, Evel Knievel, Ray Cordeiro, Elmo, Cookie, Gina Lollobrigida, Chris Ford, Crosby, Stills, Nash, Young, Cindy Williams, Shirley, “ Laverne, Billy Packer, Sylvia Syms, Alex ”, Barrett Strong, Norman Whitfield, “ Papa, Rollin ’ Stone, Tom Verlaine, Patti Smith, Bobby Hull, Paco Rabanne, Harry Whittington, Dick Cheney, Hsing Yun, , San Jose ”, Carlos Saura, Spain’s, Hugh Hudson, Oscar, “ Greystroke, Hans Modrow, David Jude Jolicoeur, Huey “, ” Smith, Little Richard, Lloyd Price, , Leiji Matsumoto, Yamato ”, Tim McCarver, Stella Stevens, Jerry Lewis’s, John Munch, Ahmed Qureia, Betty Boothroyd, Ricou Browning, Gill, Gérard Latortue, Fontaine, Barbara Everitt Bryant, Ryan ”, Kenzaburo Oe, Judy Heumann, Gary Rossington, Lynyrd Skynyrd, Georgina Beyer, Traute Lafrenz, Rose, Peterson Zah, Tevye, Robert Blake, Jiang Yanyong, Bud Grant, Dick Fosbury, Pat Schroeder, Gloria Bosman, Jacqueline Gold, Britain’s Ann Summers, John Wick ”, John Jenrette, Juana La, Willis Reed, Darcelle, Paul O’Grady, Lily Savage, Emperor ”, Hedda Kleinfeld Schachter, Margaret Thatcher, Ben Ferencz, Nuremberg, Elisabeth Kopp, Michael Lerner, Jack Lipnick, “ Barton Fink, Bugsy Calhoun, Anne Perry, Thomas Pitt, William Monk, Al Jaffee, magazine’s, Charles Stanley, Richard Riordan, Todd Haimes, Tony Awards, Barry Humphries, Tony, Dame Edna Everage, Len Goodman, Carolyn Bryant Donham, Emmett Till, LeRoy “ Lee ” Carhart, Larry “, ___ Gordon Lightfoot, Tori Bowie, Vida, Grace Bumbry, Rock ”, Ovelha, Denny Crum, Heather Armstrong, Bobbie Spencer, Rolf Harris, Kenneth Anger, Doyle Brunson, Jim Brown, Timothy Keller, Andy Rourke, Ray Stevenson, Thor ”, Ed Ames, George Maharis, Carroll Cooley, Miranda, John Beasley, Kaija, George Winston, Ipanema ”, Robert Hanssen, Richard Snyder, Simon & Schuster, Françoise Gilot, Pablo Picasso —, Pat Robertson, Theodore “ Ted ” Kaczynski, Roger Payne, Treat 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Kidd, Eno Ichikawa, Michael McGrath, Fernando Botero, Giorgio Napolitano, Matteo Messina Denaro, Michael Gambon, Albus Dumbledore, Harry Potter ”, Mankombu Sambasivan, Saad Eddin Ibrahim, Hosni Mubarak, Tim Wakefield, Dick Butkus, Michael Chiarello, Michael Chiarello ”, Masters, Burt Young, Paulie, Sylvester Stallone, Hughes Van Ellis, Kevin Phillips, Louise Meriwether, Mark Goddard, Major Don West, Rudolph Isley, Isley, unblinking, Piper Laurie, Chrissy Snow, Bobby Charlton, Bishan Bedi, Richard Moll, Xi Jinping, Wu Zunyou, Chandler Bing, Ken Mattingly, Bob Knight, Frank Borman, Steve Norton, Don Walsh, Mariana Trench, Terry R, Taylor, Daisaku Ikeda, Herbie Hancock, Bobby Ussery, George “ Funky ” Brown, Joanna ”, Marty Krofft, Pufnstuf, Donny, Marie ”, Terry Venables, Tim Dorsey, Serge A, Frances Sternhagen, ” “, Charlie Munger, Warren Buffett, Berkshire Hathaway, Gerald Ford, Shane MacGowan, Bernard McGhee Organizations: Wagner Group, Russian, White House, U.S, Supreme, United Nations, Greek Foreign, Republican, Hong, Boston Celtics, NBA, NBC, CBS, Television, Fame, Chicago Blackhawks, , New, of Fame, Louis Cardinals, , Palestinian, Israel, South Dakota Democrat, Arab, Arab American U.S, Britain’s, Commons, . Census Bureau, Alabama ”, Zealand, Navajo, Minnesota Vikings, People, Playboy, Capitol, Juana La Cubana, New York Knicks, Guinness, World Records, Hollywood, Treasury, Southern Baptist Convention, Los Angeles, Roundabout Theatre Company, Air Force, Harlem Globetrotters, Janeiro Games, baseball’s, Germany’s Bayreuth, NCAA, Hall of Famer, Redeemer Presbyterian Church, Legion, Ames, Phoenix, FBI, Simon &, Christian Broadcasting Network, Republican Party, Christian Coalition, Harvard, Feminist Majority Foundation, “ Little, Communist Party, Millwall, New York Philharmonic, San, Brigade, Wing, Eagles, HBO, of Indian Affairs, M, Police, Carpenters, Adobe Systems, Pro Football Hall of Fame, Dallas Cowboys, escapist, Democratic, Zulu, Eastern, AA, Broadway, Communist, U.S . Senate, Red Sox, Yankees, Boston, Chicago Bears, Major, Isley Brothers, New York Times, Manchester United, India, Indiana, Nevada — Resorts, Atlantic City —, Navy, Associated Press, Soka Gakkai, Kentucky Derby, Kool, The, European, Barcelona, Tottenham, City Locations: Russia, Ukraine, Bakhmut, Russian, U.S, Finnish, New Mexico, New Jersey, British, Greece, American, Hong Kong, Italian, America, New York, Spanish, catwalks, Texas, Taiwan, Pakistan, Afghanistan, San, New Orleans, Rosebud, Arab American, Haiti, , African, Brooklyn, London, Los, Mississippi, United States, Rivers, Georgia, Savannah, Louisville, New York City, Irish, HBO’s “ Rome, Brazilian, Ipanema, Moscow, Virginia, Montana, Vietnam, Canada, Asia, Chicago, Hawaii, France, South Africa, Wisconsin, Los Angeles, Czech, Eastern Kentucky, Colombian, , California, Tulsa, Finland, China, Nevada, Atlantic City, Florida, Berkshire
Under an elevated subway track in Queens, Victor José Hernández was whipping up the pepitos that he had perfected at a street cart in Caracas, Venezuela. Just steps away, an Ecuadorean restaurant now displays a big Venezuelan flag and offers karaoke with Venezuelan love songs. And the line for arepas and cachapas (sweet corn cakes) spills out the door of a Venezuelan cafe. Though New York City was built on immigrant neighborhoods — Chinatown, Curry Hill, Little Italy and Little Haiti, among many others — it has never had a Venezuelan neighborhood. Historically, the city’s Venezuelan population was tiny and overshadowed by much larger Hispanic groups, including Puerto Ricans and Dominicans, immigration experts said.
Persons: Victor José Hernández Organizations: New, Puerto Ricans Locations: Queens, Caracas, Venezuela, Roosevelt, Jackson Heights, Elmhurst, Corona, Venezuelan, Little Venezuela, New York City, Curry Hill, Little Italy, Little Haiti
New York is on the verge of becoming the first U.S. city to charge drivers for entering its busiest areas, but it is following three cities overseas where such tolling systems have become a way of life. London, Stockholm and Singapore all went ahead with congestion pricing while it was still just an idea in New York, one that stalled for years amid opposition from many commuters and elected officials. The three cities have become real-life testing grounds for congestion pricing. But carrying out congestion pricing has not been easy and the fees, which have risen over the years, continue to draw complaints from drivers and from civic and business leaders. Now, these cities’ experiences provide a glimpse of the challenges that lie ahead for New York.
Organizations: New Locations: York, U.S, London, Stockholm, Singapore, New York
Still, in 2005, an M&M balloon swung out of control from sudden wind bursts and hit a light pole in Times Square, injuring two people. After that, city officials mandated anemometers — instruments that measure wind speed and direction — along the route. This year, the Metropolitan Transportation Authority had to schedule the installation of congestion pricing tolling equipment for after the parade. Orlando Veras, a Macy’s spokesman, declined to discuss the cost of the parade, saying only that it was the department store’s “gift to the city and the nation.”Ydanis Rodriguez, the transportation commissioner, said the city’s efforts were well rewarded. “The joy and the smiles that the Macy’s balloons inspire on Thanksgiving morning brings out the kid in everyone who watches this parade — and I am no different,” he said.
Persons: Orlando Veras, ” Ydanis Rodriguez, Organizations: Metropolitan Transportation Authority, Park
HONG KONG (AP) — Hong Kong Disneyland opened its first Frozen-themed attraction on Monday, with thousands of eager visitors turning up to experience the new rides, some lining up for hours to get an early start. Now that Chinese tourists are venturing abroad again after the pandemic, the pandemic, the new attraction is meant to be a game changer for a theme park that has run losses for years. Some of the hundreds of Disney fans who lined up hours ahead of time were dressed like characters from Frozen. “The World of Frozen is really well-designed and beautiful,” said Darmanic, whose family was making its first visit to the Hong Kong theme park. Hong Kong has been beefing up the park to try and draw more visitors.
Persons: , Josh D’Amaro, Bryan Darmanic, Darmanic, Winnie Ip, ” Ip Organizations: Hong Kong Disneyland, Disney, Tokyo DisneySea, Paris Locations: HONG KONG, Hong Kong, California, Macao, Shanghai, Tokyo, Arendelle
When Revel brought 68 electric mopeds to a Brooklyn storefront in 2018, it set out to show New Yorkers that getting around the city could be fun. Riders could hop onto an electric-blue moped instead of cramming into the subway or getting stuck in car traffic. But now, five years later, the mopeds will soon disappear entirely. On Saturday, Revel — facing the proliferation of other options to get around the city and safety concerns that have kept some people away — will pull its mopeds out of New York and send them to a salvage center. It will also shut down the moped service in San Francisco after previously ending it in other cities.
Persons: Revel, , , Donald Reid, Revel — Locations: Brooklyn, New York, San Francisco
But they are going only as far as the safest bets in the junk category, bonds rated BB and B. Junk bond spreads, the additional interest rate investors demand over safe Treasury bonds, tightened sharply. The spreads of those rated BB and B, or the higher rungs of junk, had tightened 47-52 basis points last week, according to Informa Global Markets data. Four junk bond issuers – Bombardier (BBDb.TO), Venture Global LNG, Smyrna Ready Mix Concrete and InfraBuild Australia - announced bond offerings on Monday. The spotty access to bond markets does not bode well for poorly rated companies.
Persons: Rick Wilking, , Edward Marrinan, Peter Knapp, Winnie Cisar, bode, Morgan Stanley, Moody's, Manuel Hayes, Shankar Ramakrishnan, Paritosh Bansal, Andrea Ricci Organizations: REUTERS, Federal, Nikko Securities Americas, Investors, JPMorgan, Informa, CCC, Bombardier, Venture Global LNG, , London, Insight Investment, Barclays, Thomson Locations: Westminster , Colorado, Smyrna, Australia
PremiumsFrederic Cirou | Photoalto | Getty ImagesThe premium is the sum you pay an insurer each month to participate in a health plan. It's perhaps the most transparent and easy-to-understand cost component of a health plan — the equivalent of a sticker price. The average co-insurance rate for consumers is 19% for primary care and 20% for specialty care, according to KFF data. For example, would you struggle to pay a $1,000 medical bill if you require health care? If so, a health plan with a larger monthly premium and a smaller deductible may be your best bet, Sun said.
Persons: Frederic Cirou, Karen Pollitz, Luis Alvarez, you've, KFF, Pollitz, McClanahan, there's, Winnie Sun, She's, Sun, Carolyn McClanahan Organizations: Sdi, Photoalto, Kaiser Family Foundation, CNBC, Digitalvision, Getty, Kaiser Family Foundation Health, Network Health, Sun Group Wealth Partners, CNBC's FA Locations: Aetna, Irvine , California, CNBC's
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