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☆ Amelia Earhart's plane could be 'well preserved' but there's no guarantee it's been found, expert says
▼ + stars: | 2024-01-31 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewExperts have rushed to weigh in following news of tantalizing sonar imagery in the hunt for Amelia Earhart's lost plane — which, even if it has not been found, could still be well-preserved in its final resting place. They were taken at a depth of 16,400 feet, about 100 miles from Howland Island in the middle of the Pacific Ocean, which Romeo's team considered one of the likeliest areas for Earhart's plane to have come down. AdvertisementThe plane is made primarily from aluminum, Jourdan told The Washington Post back in 2001, discussing a search at a similar depth and location. At those temperatures, even Earhart's charts and other papers may have been preserved, The Post and Courier reported.

Persons: —, Amelia Earhart's, Tony Romeo, we've, Romeo, Katherine Tangalakis, Rebecca Rommen, Romeo doesn't, it's, Earhart, David Jourdan, Jourdan, Megan Lickliter, Mundon Organizations: Service, Street, Business, Smithsonian Institution's, Air and Space Museum, CNN, Washington Post, Courier, New York Times Locations: Howland

☆ Walmart's stock split only shows how rare they've become in the past 20 years
▼ + stars: | 2024-01-31 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Walmart 's decision to split its stock 3-for-1 has revived an old debate: when is the right time to split a stock? There's no clear answer to this, but one fact is clear: stock splits are far less common than 20 or 30 years ago. That's likely because the institutional base for stock ownership has come to dominate the market. What effect does a stock split have on trading? More than 400,000 associates participate in Walmart's Associate Stock Purchase Plan today, which allows eligible associates to buy stock conveniently through payroll deductions and provides a 15% company match on the first $1,800 each year."

Persons: Sam Walton, Doug McMillon, Sam Organizations: Walmart, Institutional, Palo Alto Networks, Nvidia, Apple

☆ Get ready for a lot more Walmarts
▼ + stars: | 2024-01-31 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Walmart, the largest retailer in the world, is about to get even bigger in the US. It will also upgrade 650 locations this year to its "store of the future" concept. AdvertisementThe world's largest retailer is growing again in the US. In addition, the company will upgrade 650 locations this year to its "store of the future" concept revealed last fall. Walmart's first two new locations will be Neighborhood Markets in Santa Rosa Beach, Florida, and Atlanta, Georgia, opening this Spring.

Persons: —, Walmart's Organizations: Walmart, Service, US, Business Locations: Santa Rosa Beach , Florida, Atlanta , Georgia

NASHVILLE, Tenn. (AP) — A Tennessee jury has convicted six anti-abortion protesters of violating federal laws after they blocked the entrance of a reproductive clinic outside Nashville nearly three years ago. Before Roe was overturned, the Justice Department oversaw just a handful of FACE Act violation cases. Advocates like the National Abortion Federation say the uptick in cases reflects the rise in harassment and violence abortion clinics have faced since state abortion bans have been allowed to go into effect. Some have called on the Justice Department to apply the 1994 federal law more equitably and use it to investigate those who target crisis pregnancy centers. President Bill Clinton signed the FACE Act into law in 1994 following a string of high-profile attacks against abortion clinics, which included Dr. David Gunn being shot and killed outside an abortion clinic in Pensacola, Florida in 1993 — marking the first abortion provider killed in the U.S.

Persons: Roe, Wade, Chester Gallagher, Paul Vaughn, Heather Idoni, Calvin Zastrow, Coleman Boyd, Dennis Green, ”, Henry C, “, —, Steve Crampton, Bill Clinton, David Gunn Organizations: —, ”, U.S, Supreme, Prosecutors, Thomas More Society, Justice Department, National Abortion Federation, Republican, Catholic Locations: Tenn, Tennessee, Nashville, Mount Juliet , Tennessee, Pensacola , Florida, U.S

☆ White House touts highest consumer confidence in more than 2 years
▼ + stars: | 2024-01-30 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden delivers remarks at the St. John Baptist Church in Columbia, South Carolina, on Jan. 28, 2024. The White House cheered the Conference Board report on Tuesday showing consumer confidence rising to its highest level in more than two years. Consumer confidence reached its highest level since December 2021, and was up more than 30% since its April 2020 low of 85.7. The Conference Board's consumer confidence index rose for a third straight month to 114.8 in January, up from a revised 108 in December 2023. Despite the increasing consumer sentiment, just 33% of voters approve of Biden's handling of the economy, according to CNBC's All-America Economic Survey in December.

Persons: Joe Biden, Lael Brainard, Donald Trump, Biden's, Trump Organizations: St, John Baptist Church, Economic, Biden Administration, America Economic Survey, CNBC, Biden, Trump, CNBC PRO Locations: Columbia , South Carolina

The order by the Hong Kong High Court also is not a remedy for the crisis of confidence haunting China’s financial markets. Markets in both Hong Kong and Shanghai fell Tuesday while share prices of property developers sank. State-owned Chinese banks and other domestic entities own most of the debt owed by Chinese property developers. David Goodman, director of the University of Sydney’s China Studies Center, said he thinks China’s property debt burdens are unlikely to precipitate a major financial crisis. “The fact of the matter is that the Chinese financial system is not as open or as marketized (as in the United States),” he said.

Persons: Brock Silvers, haven't, Silver, ”, Seng, David Goodman, —, Soo Organizations: Evergrande, Hong Kong High, Kaiyuan, ”, Sunac China Holdings, F Properties, Shanghai, Swiss Re Institute, Swiss, University of Sydney’s China Studies Center Locations: BANGKOK, Hong Kong, China, Beijing, Shanghai, Guangzhou, United States, U.S, Singapore

☆ Democratic Senate candidate Tammy Murphy backs removing filibuster after saying she hadn't 'given it much thought'
▼ + stars: | 2024-01-30 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Read previewTammy Murphy, a leading Democratic candidate for Senate in New Jersey, is endorsing the removal of the Senate's "filibuster" rule. Under Senate "filibuster" rules, 60 votes are required to advance most legislation. This story is available exclusively to Business Insider subscribers. His campaign did not respond to a request for comment on Tuesday about whether he supports removing the filibuster. AdvertisementIn 2021 and 2022, Democratic opposition to the came to a fiery head, with Democratic Sen. Joe Manchin of West Virginia and then-Democratic Sen. Kyrsten Sinema of Arizona staunchly opposing changes to the rule.

Persons: —, Tammy Murphy, Tammy, Alex Altman, Murphy —, Phil Murphy —, Murphy, Andy Kim, Sen, Bob Menendez, Kim, It's, Democratic Sen, Joe Manchin, Kyrsten, Roe, Wade, Manchin Organizations: Service, Democratic, Senate, Business, New York Magazine, Rep, Democratic Senate, White, American, Infrastructure Law, Communities, Republican Locations: New Jersey, West Virginia, Arizona, Ohio, Montana

☆ Walmart is selling a $248 dupe of a cozy West Elm swivel chair that costs $899
▼ + stars: | 2024-01-30 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Walmart is selling a dupe of a pricey West Elm swivel chair. Walmart's Mira Velvet Swivel Chair costs $248, while West Elm's Cozy Swivel Chair costs as much as $899. AdvertisementOn Monday, Apartment Therapy's Morgan Pryor noted that the swivel chair sold at Walmart is a near-identical dupe to West Elm's Cozy Swivel Chair. The West Elm Cozy Swivel Chair. The West Elm Cozy Swivel Chair for $899.

Persons: Walmart's, Cozy, —, @guiliannagm, Therapy's Morgan Pryor, Stanley Organizations: Walmart, West, Service, Gardens, Shoppers, Twitter, Costco, Sam's Club Locations: Elm

☆ Walmart announces 3-for-1 stock split as shares hover below all-time high
▼ + stars: | 2024-01-30 | by ( Jacob Pramuk | ) www.cnbc.com time to read: +1 min

Walmart announced a three-for-one stock split on Tuesday as the retailer's shares sit just below their all-time high. Walmart said it chose to break up shares in part to allow more employees to buy into its stock purchase plan. Walmart shares rose about 1% in extended trading. Walmart shares have climbed about 5% this year. The stock split comes as Walmart tries to boost employee benefits and loyalty.

Persons: Doug McMillon Organizations: Walmart, CNBC PRO Locations: U.S

Circuit Court of appeals denied the request for the case to go before the full 8th U.S. Circuit Court of Appeals after a panel ruled 2-1 last year that only the U.S. attorney general can enforce Section 2 of the Voting Rights Act. Political Cartoons View All 253 ImagesThe 8th Circuit ruling applies only to federal courts covered by the district, which includes Arkansas, Iowa, Minnesota, Missouri, Nebraska, North Dakota and South Dakota. “The decision by the Eighth Circuit to not revisit the case is a serious blow to the rights of Arkansas voters," Holly Dickson, executive director of the ACLU of Arkansas, said in a statement. The Arkansas lawsuit challenges the state House redistricting plan, which was approved in 2021 by the all-Republican state Board of Apportionment.

Persons: weren't, ”, David Stras, Donald Trump, Holly Dickson, ’, Tim Griffin, “, Arkansans, Griffin, Steven Colloton, Colloton, George W, Bush, Barack Obama, ” Colloton, Lavenski Smith Organizations: —, U.S, Supreme, Circuit, The, Arkansas State Conference NAACP, Republicans, American Civil Liberties Union, Eighth Circuit, Black, Republican Locations: The Arkansas, Arkansas, Arkansas , Iowa, Minnesota , Missouri , Nebraska, North Dakota, South Dakota, Southern

SAVANNAH, Ga. (AP) — The Georgia Ports Authority said Tuesday that it moved a record number of automobiles across its docks in Brunswick last year, while goods shipped to Savannah in cargo containers declined 16%. The news comes as port authority CEO Griff Lynch has set a goal of Brunswick surpassing the Port of Baltimore as the No. We've been creating capacity in Brunswick,” Lynch said in an interview, adding that more growth is possible in 2024. Savannah handled 4.9 million container units of imports and exports last year, down 16% compared with calendar 2022. “I fully believe that when we look at February and March and April, we should see some positive numbers year-over-year,” Lynch said.

Persons: Griff Lynch, We've, ” Lynch, Lynch, “, ” Organizations: Georgia Ports Authority, Brunswick, Port, Auto, Hyundai, Kia, U.S Locations: SAVANNAH, Ga, Georgia, Brunswick, Savannah, Port, Port of Baltimore, Southern, U.S, Atlanta, West, New York, Los Angeles, Long Beach , California

☆ Martha Stewart could function on 3 hours of sleep as she built her business empire
▼ + stars: | 2024-01-30 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +4 min

Martha Stewart started her catering business in 1973 from her basement in Westport, Connecticut. Her former catering staff said Stewart could function on three hours of sleep. AdvertisementBefore she became a cookbook author , a business mogul, and the first self-made female billionaire in America , Martha Stewart was a caterer. Stewart in her kitchen in 1976, where she launched her catering business. AdvertisementStewart, now 82, said at a recent MasterClass event that she still wakes up "really, really early" — as soon as the sun rises.

Persons: Martha Stewart, Stewart, —, Alexis, Susan Wood, Martha, Carla Hall, Louise Felix, Felix, Dolly Parton, Parton, I've, it's Organizations: Service, CNN, Wall Street, Westport News, Revlon, Metropolitan Museum of Modern Art Locations: Westport , Connecticut, America, Connecticut, Westport, Turkey, Fairfield County, New York City, Bedford , New York

☆ Trump and his allies are wielding immigration as a political weapon against Biden, and Ukraine is paying the price
▼ + stars: | 2024-01-29 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

Negotiations on a deal on the border and aid could collapse thanks to Trump. AdvertisementRepublicans and Democrats have spent weeks carefully negotiating a massive, bipartisan immigration and foreign aid deal, leaving Ukraine in a wait-and-see position on critical support. As both sides moved closer toward a possible agreement, former President Donald Trump stepped in to torpedo attempts at a compromise. Chip Somodevilla/Getty ImagesDespite the border deal being notably to the right of the Biden administration's stances on immigration, the bipartisan bill could be a win for Biden ahead of the election. He appeared to be referring to a contingent of GOP lawmakers who have loudly denounced future US support for Ukraine.

Persons: Trump, —, Donald Trump, Mitch McConnell, Trump's, McConnell, Joe Biden, Sen, Marco Rubio, Joe Raedle, Mitt Romney, Biden, Todd Young, America, Donald Trump grins, Chip Somodevilla, Mike Johnson, it's, Johnson, Marjorie Taylor Greene, Greg Abbott, Volodymyr Zelenskyy, Artur Widak, Zelenskyy Organizations: Service, Republicans, Democrats, Punchbowl News, Miami - Dade Country Fair, Republican, CNN, Las, Immigration, Ukraine, Biden, Texas, Getty, US, NATO, Republican Party Locations: Ukraine, Russia, Iowa, New Hampshire, Miami , Florida, Las Vegas, Israel, Mexico, Rio, Warsaw, Poland, Washington, Russian

☆ Trump lashes out at financial monitor in business fraud case after she reports errors
▼ + stars: | 2024-01-29 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Donald Trump on Monday lashed out at the financial monitor overseeing the Trump Organization and urged a judge to fire her days after she reported a range of issues — and flagged a questionable $48 million loan — in the former president's New York civil business fraud case. New York Attorney General Letitia James has asked Engoron to order that Jones continue to monitor the Trump Organization for at least five years as part of his judgment in the case. Robert made that argument three days after Jones submitted a report to Engoron accusing the Trump Organization of providing incomplete, inconsistent or incorrect information about its financial disclosures. In a footnote in that report, Jones said she identified a loan between Trump himself and an entity related to Trump Chicago Tower that later turned out not to exist. She also seeks five-year bans with the same conditions for Donald Trump Jr. and Eric Trump, who took over the Trump Organization after their father became president in 2017.

Persons: Donald Trump, Barbara Jones, Trump, Arthur Engoron, Clifford Robert, Jones, Letitia James, Engoron, Robert, James, Donald Trump Jr, Eric Trump Organizations: Monday, Trump Organization, Manhattan, New York, Trump Chicago Tower, Trump Locations: York

☆ Pilot Thinks He Found Amelia Earhart's Plane Deep in the Pacific Ocean
▼ + stars: | 2024-01-29 | by ( Lilian Manansala | ) www.businessinsider.com time to read: 1 min

A former US intelligence officer believes he may have found the wreckage of Amelia Earhart's plane. His team used a $9 million submersible that picked up a sonar image during a 100-day expedition.

Persons: Amelia Earhart's

☆ It's time for the Fed to cut interest rates and bring relief to Americans who 'cannot afford to pay rent,' Elizabeth Warren says
▼ + stars: | 2024-01-29 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Sen. Elizabeth Warren joined some of her colleagues in pushing for the Federal Reserve to cut interest rates. AdvertisementAs Americans grapple with high housing costs, a group of Democratic lawmakers is urging the Federal Reserve to implement relief as soon as possible. While rent costs have decreased slightly over the past few months, "high interest rates mean higher mortgage rates for landlords, who may pass off these costs in the form of rent hikes for their tenants," the Democrats wrote. Powell has previously acknowledged the impact of interest rate increases on housing costs. "The Fed has already signaled its willingness to cut rates, and the market has responded accordingly," the Democrats wrote.

Persons: Sen, Elizabeth Warren, —, — John Hickenlooper, Jacky Rosen, Sheldon Whitehouse, Jerome Powell, Powell, they'll Organizations: Federal Reserve, Service, Democratic, Harvard's, for Housing Studies Locations: York

This is called judicial criminality,” Machado said of Friday's ruling by the Supreme Tribunal of Justice. The longtime government foe was able to participate, because the primary was organized by a commission independent of Venezuela’s electoral authorities. On Monday, she sought to reassure supporters, telling them that her campaign is “stronger than ever” and she will represent them during the presidential election. The court and the National Electoral Council, the country’s electoral body, are stacked with people affiliated with the ruling party. "Should there be an aggressive action, our response will be calm, reciprocal and energetic.”___Zeke Miller contributed to this report from Washington.

Persons: María Corina Machado, ”, Machado, Nicolás Maduro, ” Machado, “, Friday’s, Maduro, They’ve, John Kirby, Elvis Amoroso, Tarek William Saab, Roberto Abdul, Gerardo Blyde, Jorge Rodríguez, Blyde, Rodríguez, ” Rodríguez, ___ Zeke Miller Organizations: Monday, Justice, National Security, of American, Electoral Council, U.S Locations: CARACAS, Venezuela, Venezuelan, United States, Venezuela's, U.S, Barbados, Spain, Latin America, Washington

☆ A snowboarder stuck 15 hours overnight on a California ski gondola said she screamed for help to workers below who couldn't hear her
▼ + stars: | 2024-01-29 | by ( Matthew Loh | ) www.businessinsider.com time to read: +2 min

Read previewA snowboarder reported missing at a ski resort in California on Thursday was stranded on a gondola overnight in the cold. Laso told KCRA that she tried getting the attention of workers she could see below, but they couldn't hear her. Heavenly Ski Resort operates a gondola ride that is 2.4 miles long and runs daily, per its website. Heavenly Ski Resort said it is investigating the incident, per the outlet. Vail Resorts, which owns Heavenly Ski Resort, did not immediately respond to a request for comment sent outside regular business hours by Business Insider.

Persons: —, Monica Laso, Laso, KCRA, Kim George, Tom Fortune Organizations: Service, Business, NBC, KCRA, National Weather Service, El, Office, Associated Press, AP, Vail Resorts Locations: California, El Dorado County

☆ Walmart store managers will receive up to $20,000 per year in company stock
▼ + stars: | 2024-01-29 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Walmart store managers are set to receive annual stock grants ranging from $10,000 to $20,000. AdvertisementIt's a good year to be a store manager at Walmart. Fresh off the announcement earlier this month of substantial pay and bonus increases, the company said Monday that it is adding annual stock grants of up to $20,000 to the store managers' compensation packages. AdvertisementThe amount of the grant will depend on the size of the store, with $10,000 for Hometown store managers, $15,000 for Neighborhood Market or Division 1 store managers, and $20,000 for Supercenter managers. Roughly three-quarters of Walmart store managers started off in hourly roles, and the company does not require a college degree to be considered for the job.

Persons: —, John Furner, Furner Organizations: Walmart, Service, Walmart's, LinkedIn, Hometown, Neighborhood Market Locations: Houston , Texas

☆ Why the average Super Bowl ticket already costs nearly $11,000
▼ + stars: | 2024-01-29 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

The Super Bowl in Las Vegas is now set with the Chiefs and 49ers playing for the Lombardi Trophy. According to TicketIQ, a ticket search engine that also conducts ticket market analysis, the cheapest ticket to the Super Bowl as of Monday is $8,872. This is the first time the NFL has hosted the Super Bowl in Las Vegas. Swift will be in Tokyo in the days leading up to the Super Bowl for part of the international leg of her "The Eras Tour" concerts. All these factors have created a perfect storm for the Super Bowl and demand is pushing ticket prices to a place rarely ever seen.

Persons: —, TicketIQ, Jesse Lawrence of TicketIQ, Lawrence, Patrick Mahomes, Travis Kelce, Nick Bosa, George Kittle, Sterling Skye, Brynn Anderson, Raymond James, Robin Alam, Taylor, Swift, Taylor Swift, Patrick Smith, Kelce Organizations: Chiefs, 49ers, Service, Kansas City Chiefs, San Francisco 49ers, Business, NFL, AP, Tampa Bay Buccaneers, Philadelphia Eagles, Getty, AFC, NFC Championship, Super, Super Bowl Locations: Las Vegas, Detroit, Tampa, Tokyo

Walmart said it hasn't made any changes to store managers' pay structure in more than a decade. U.S. managers of the sprawling supercenters, which run about 180,000 square feet, will receive $20,000 in stock grants. Walmart said the stock grants will vest over a three-year period, with ownership for one-twelfth of the grant total coming every quarter. The new starting annual base salary for U.S. store managers will range from $90,000 to $170,000. That means that the average base pay for store leaders will go to $128,000 from $117,000, according to Cedric Clark, executive vice president of store operations at Walmart’s U.S. division.

Persons: hasn't, ”, John Furner, Furner, Cedric Clark Organizations: Walmart, U.S, Hometown, Walmart U.S, Walmart’s U.S Locations: Bentonville , Arkansas, U.S

☆ Instacart is using AI art. It's incredibly unappetizing.
▼ + stars: | 2024-01-28 | by ( Jake Swearingen | ) www.businessinsider.com time to read: +4 min

In May 2023, Instacart announced it was partnering with OpenAI to create an "Ask Instacart" AI model that would allow users to ask Instacart questions about what to make for dinner. In that press release, it did not disclose that it would also be adding AI recipes to the site too. AdvertisementMultiple companies have been accused of or admitted to using generative AI imagery in the past year. Reuters reported that large advertising agencies are using generative AI art in advertisements. Wizards of the Coast, a gaming company, apologized after it was caught using generative AI in some advertisements.

Persons: Fry, Instacart, OpenAI Organizations: Service, Business, Reuters

The dispute engulfing the biggest provider of vital aid to Palestinians came as U.S. officials said negotiators were closing in on a cease-fire agreement. The emerging deal also calls for Israel to allow more humanitarian aid into Gaza. The top United Nations court has asked Israel for a compliance report in a month, placing added scrutiny on Israel's military. The case brought by South Africa to the U.N. court alleged Israel is committing genocide, which Israel vehemently denies. The court also ordered Israel to urgently get aid to Gaza.

Persons: Antonio Guterres, ” Guterres, ”, Philippe Lazzarini, Bill Burns, David Barnea, Mohammed bin Abdulrahman, Abbas Kamel, Benjamin Netanyahu, “, Israel, Khan Younis, Nasser, ___ Shurafa, Madhani, Matthew Lee, Zeke Miller Organizations: United Nations, UNRWA, Biden, CIA, Qatari, International Court of Justice, World Health Organization, MSF Locations: RAFAH, Gaza, Israel, United States, Britain, Germany, Italy, France, Mohammed bin Abdulrahman Al Thani, ISRAEL, South Africa, Khan, Deir, Washington, israel

☆ A former US Air Force officer spent $11 million searching for Amelia Earhart's long-lost plane — and may have found it
▼ + stars: | 2024-01-28 | by ( Katherine Tangalakis-Lippert | Rebecca Rommen | ) www.businessinsider.com time to read: +8 min

Amelia Earhart, 40, stands next to a Lockheed Electra 10E, before her last flight in 1937 from Oakland, California. Amelia Earhart took off from the airport in her £10,000 Flying Laboratory for Honolulu on the first leg of her round-the-world flight. A map of where Earhart's plane is believed to have gone missing along her presumed flight path. Romeo and his company, Deep Sea Vision, discovered an object of similar size and shape to Amelia Earhart's iconic plane, deep in the Pacific Ocean. Advertisement"It's very deep water, and the area that she could've possibly been in is huge," Tom Dettweiler, a sonar expert, told The Journal.

Persons: —, Amelia Earhart, Tony Romeo, Fred Noonan, Romeo, I've, Dorothy Cochrane, Andrew Pietruszka, he's, Amelia Earhart's, we've, there'll, it'll, Earhart's, Tom Dettweiler, Earhart, Cochrane, I'm Organizations: Service, US Air Force, Business, Lockheed, AP, Kongsberg, Street Journal, Laboratory, Smithsonian Institution's, Air and Space Museum, Scripps Institution of Oceanography, Smithsonian, dateline Locations: Oakland , California, Norwegian, Tarawa, Kiribati, Honolulu, Howland, Honolulu , Hawaii

☆ Austin experimented with giving people $1,000 a month. They spent the no-strings-attached cash mostly on housing, a study found.
▼ + stars: | 2024-01-28 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

A guaranteed basic income program in Austin gave people $1,000 a month for a year. AdvertisementA guaranteed basic income plan in one of Texas's largest cities reduced rates of housing insecurity. Austin was the first city in Texas to launch a tax-payer-funded basic income program when the Austin Guaranteed Income Pilot kicked off in May 2022. On average, program participants spent more than half of the cash they received on housing, the report's authors wrote. Harris County, which includes Houston, earlier this month launched a guaranteed basic income program that gives low-income residents up to $500 a month.

Persons: —, Austin, Taniquewa Brewster, KXAN, it's, Sen, Paul Bettencourt, Bettencourt, Tonaeya Moore Organizations: Service, Austin, Urban Institute, Washington DC, NBC, Houston Chronicle, Baltimore Young Locations: Austin, Texas, City, Washington, Houston, Harris County, United States, Baltimore

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