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☆ The top 20 areas real-estate investors are piling into for high population growth, increasing rental demand, or price appreciation, according to a property-data firm
▼ + stars: | 2023-08-20 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

When it comes to single-family homes, it's predominantly investors, according to recent data from CoreLogic, a property-data firm that tracks real-estate transactions. But whether they are small or large investors, they are targeting specific areas, according to the data. "All the others make sense as these have been hot real estate investment areas that have been hot for a very long time in terms of investment. Small investors are active all around the country and make up most of the investors, he said. The below table is based on CoreLogic public records data for single-family transactions.

Persons: Thomas Malone, Goldman Sachs, who's, Malone, upticks, There's Organizations: CoreLogic, Investor, Mega, McAllen, El, San Bernardino -, Thousand Oaks, Beaumont, UT, KS Locations: CoreLogic, California, Jose, Sunnyvale, Santa Clara, CA, Angeles, Long, Anaheim, Edinburg, Mission, Brownsville, Harlingen , TX, Atlanta, Sandy Springs, Roswell, Francisco, Oakland, Hayward , CA, El Paso , TX, Diego, Carlsbad, Fresno, Modesto, Riverside, San Bernardino, San Bernardino - Ontario, Oxnard, Ventura, Santa Rosa, Stockton, Lodi , CA, Albuquerque, NM, Port Arthur, TX, Memphis, TN, Salt Lake City, Christi , TX, Wichita

☆ Fed officials are divided, but holding rates steady in September seems likely
▼ + stars: | 2023-08-13 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington, DC CNN —Federal Reserve officials meet next month to determine whether to raise interest rates for the 12th time to cool the economy or hold them steady. Some officials think the Fed has already raised its benchmark lending rate enough to curb inflation, but others think it’s too soon to tap the brakes. Philadelphia Fed President Patrick Harker echoed that sentiment in a speech last week, saying “I believe we may be at the point where we can be patient and hold rates steady.”Other Fed officials agree. “Inflation is still significantly above” the Fed’s 2% target, Fed governor Michelle Bowman said last week at an event in Atlanta. The Federal Reserve releases minutes from its July policymaking meeting as well as July figures on industrial production.

Persons: ” Rajeev Sharma, ”, Jerome Powell, Patrick Harker, “, Raphael Bostic, there’s, Michelle Bowman, ” Carol Schleif, ” Schleif, Katie Lobosco, Brinker Organizations: CNN Business, Bell, DC CNN — Federal Reserve, Key Private Bank, CNN, “, Fed, Financial, Philadelphia Fed, Atlanta Fed, BMO Family Office, Internal Revenue, Tax Administration, IRS, Kansas City Tax Processing, Fresno Tax Processing, China’s National Bureau of Statistics, Depot, US Commerce Department, Target, Federal Reserve, Walmart Locations: Washington, Jackson Hole , Wyoming, Atlanta, Kansas, Fresno

☆ IRS cannot find millions of backup tax records, watchdog says
▼ + stars: | 2023-08-11 | by ( Katie Lobosco | ) edition.cnn.com time to read: +3 min

Washington CNN —The Internal Revenue Service cannot locate thousands of microfilm cartridges storing millions of sensitive business and individual tax account records, a new watchdog report found. The tax information could be used to commit tax refund fraud, according to the Treasury Inspector General for Tax Administration, the office that conducted the report. During a site visit, the IRS was unable to locate any of the fiscal year 2010 microfilm cartridges that should have been sent to the Kansas City Tax Processing Center in 2022 after the Fresno Tax Processing Center closed. Separately, at the Ogden Tax Processing Center, IRS personnel were unaware of the current location of as many as 168 cartridges that had been sent out for reformatting, the report said. The IRS is also digitizing all paper-filed tax returns by 2025, which is expected to cut processing times in half and speed up refunds by four weeks, the agency said last week.

Persons: Ken Corbin, Biden Organizations: Washington CNN, Internal Revenue, Tax Administration, IRS, Kansas City Tax Processing, Fresno Tax Processing, Ogden Tax Processing Center, Democrats, Republicans Locations: Kansas, Fresno

Burps are the top source of methane emissions from cattle. The company this spring began marketing semen with the methane trait in 80 countries. Selecting for the low methane trait could lock in lower and lower emissions for successive generations, she said. Semex is not initially charging extra for the methane trait, said Michael Lohuis, Semex's vice-president of research and innovation. Juha Nousiainen, senior vice-president at Valio, a Finnish dairy, warned that breeding cattle to burp less methane could create digestive problems.

Persons: Nathan Frandino, Loewith's, Loewith, Drew Sloan, Frank Mitloehner, University of California Davis, Mitloehner, Lactanet, Christine Baes, Baes, Michael Lohuis, Burger, Lohuis, Juha Nousiainen, Rod Nickel, Caroline Stauffer, Suzanne Goldenberg Organizations: Johann, REUTERS, University of California, University of Guelph, University of Alberta, biosciences, Canadian, Ottawa, Nestle, Burger King, Restaurant Brands, Thomson Locations: Fresno , California, U.S, WINNIPEG , Manitoba, Lynden , Ontario, Semex, Britain, US, Slovakia, United States, New Zealand, Valio, Winnipeg , Manitoba

☆ Record temperatures, plus Barbie, help to drive record movie box office
▼ + stars: | 2023-08-05 | by ( Ellie Stevens | ) edition.cnn.com time to read: +5 min

Advertisements for the films "Oppenheimer" and "Barbie" appear at AMC Theaters at The Grove on Thursday, July 20, 2023, in Los Angeles. Chris Pizzello/APThis summer, scorching heat waves are helping take the movie box office to new levels. Movie-theater air conditioning is generally silent, powerful and adapts quickly to temperature swings. Within 5 years of the introduction of air conditioning in movie theaters in the 1920s, Basile said, 3,000 movie theaters were forced to put it in just to keep up with the industry. “Before air conditioning existed in movie theaters, summer was considered the dead season.” Not anymore.

Persons: “ Oppenheimer, “ Barbie, Hope Torres, —, ” Torres, Oppenheimer, Chris Pizzello, Barbie ”, ”, Shawn Robbins, Tyler Whitmore, ‘ Oppenheimer ’, ” Whitmore, Salvatore Basile, “ Oppenheimer ”, Eric Thayer, Basile, Michael O’Leary, Jeff Yanc, John Carpenter’s, ” Yanc Organizations: CNN, Maya Cinemas, AMC Theaters, AMC, Sunday, Boxoffice, ”, Hollywood, Regal Cinemas, Warner Bros . Pictures, Warner Bros ., TCL, Bloomberg, Getty, AC, National Association of Theater, Mushroom People Locations: Maya Cinemas Fresno, Fresno , California, California, Grove, Los Angeles, Phoenix , Arizona, Arizona, Los Angeles , California, Cineworld, Tucson , Arizona

☆ Stunning before-and-after photos show how heavy rain and snow replenished California's dried up reservoirs, even bringing a zombie lake back to life
▼ + stars: | 2023-07-28 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Photos showed the dramatic transformation at Lake Oroville, the second-largest reservoir. Some lakes, like Tulare Lake in the Central Valley, have also re-emerged after being drained years ago. Photos of Lake Oroville taken in September of 2021 and April of 2023 showed the stark transformation. The Enterprise Bridge at Lake Oroville in Oroville, California on September 05, 2021 (top), and on April 16, 2023 (below). Houseboats parked at a marina at Lake Oroville in Oroville, California, on September 05, 2021 (top) and on April 16, 2023 (below).

Persons: Josh Edelson, It's, David, Jae C Organizations: Service, Los Angeles Times, Getty, Washington Post, Post Locations: Oroville, Tulare, Central, California, Shasta, Lake Oroville, Oroville , California, AFP, Fresno County, Mississippi, Corcoran, Calif

☆ Bill Gates-backed Antora is making big batteries to help factories transition to clean energy
▼ + stars: | 2023-07-27 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Now, companies like Form Energy, AtmosZero and a Silicon Valley-based startup called Antora Energy are tackling the challenge with more affordable battery technology. "Because of that we're able to store energy at much lower costs." Christina Karapataki of Breakthrough Energy Ventures, which was founded by Bill Gates, says this business could be particularly lucrative. There are now about a dozen thermal energy storage companies using sand, rock, brick or other types of ceramic to store energy as heat. Along with funding from Breakthrough energy, Antora is also backed by Chris Sacca's Lowercarbon Capital, Shell Ventures, BHP Ventures, Grok Ventures and Trust Ventures.

Persons: We've, Justin Briggs, We're, Briggs, Christina Karapataki, Bill Gates, Karapataki, Antora, Chris Sacca's Organizations: Energy, Breakthrough Energy Ventures, Shell Ventures, BHP Ventures, Grok Ventures, Trust Ventures Locations: Fresno , California

☆ Plans for the world's largest Costco warehouse are under review, but customers would only be able to shop in part of it
▼ + stars: | 2023-07-20 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Costco is seeking to build a new 241,342 square-foot warehouse in Fresno, California. The facility would replace an existing location and combine ecommerce fulfillment under one roof. This would be the wholesale club's largest warehouse, but shoppers would only be able to access part of the location. Target has gone all-in on using its stores to fulfill orders, and Walmart has used its stores for e-commerce fulfillment for years. The Salt Lake City location also opened as a hybrid concept, with a general members store and a dedicated business center for commercial customers under one roof.

Organizations: Costco, Service, Walmart, Fresno Bee Locations: Fresno , California, Wall, Silicon, Salt Lake City , Utah, Target, Salt Lake City, Fresno, Fresno . City

☆ 5 vegetarian Fourth of July recipes for your cookout
▼ + stars: | 2023-07-02 | by ( Meghan Hynes Cole | ) edition.cnn.com time to read: +2 min

Vegetarian Ideas for the Fourth of JulyEven if you’re a fan of meaty burgers and dogs, don’t forget about the vegetarians when you’re working on your Fourth of July menu this year. We have plenty of desserts that vegetarians and vegans can enjoy at your cookout, too, so don’t worry! Use a variety of seasonal vegetables and a zesty herb marinade to make this colorful, crowd-pleasing dish for the Fourth of July. Tara Donne / Food NetworkGet the Recipe: Morgan’s Veggie PattiesGrilled Barbecued Corn RibsThink ribs, but make them vegetarian. Matt Armendariz / Food NetworkGet the Recipe: Super Summery Corn GnocchiMore Fourth of July food9 Fourth of July appetizers everyone will loveFestive cocktails perfect for any Fourth of July celebration8 easy sides to round out your Fourth of July menuFantastic recipes for your Fourth of July bashFourth of July desserts that will steal the show

Persons: Tara Donne, Matt Armendariz, Baby Bok Choy, Baby Bok, chiles Organizations: Food, Fresno

☆ After a Winter Deluge, California Rivers Are Too Dangerous to Enjoy
▼ + stars: | 2023-06-18 | by ( Jill Cowan | ) www.nytimes.com time to read: +1 min

Gwyny Pett has been visiting the Kern River for decades, camping there as a girl and then taking her own children, now grown, to splash in shallows so calm they felt like a private pool. She has also seen the destructive power of the river during high-water years. “I mean, this is dangerous,” she said, gesturing at the water speeding past. After a parade of epic winter storms, the Kern River and other major waterways fed by melting Sierra Nevada snow have become wild torrents — a transformation so dangerous that several counties in Central California have prohibited people from entering the water. On Wednesday, a kayaker died on the Kern River, about 20 miles upstream from the campground from where Ms. Pett was sitting.

Persons: Gwyny Pett, Pett, gesturing, kayaker Organizations: The Mercury Locations: Kern, “, Central California, Fresno County

☆ One family ditched California for an Indiana town that offered them $5,000 cash, an unlimited golf membership, and coffee with the mayor
▼ + stars: | 2023-06-14 | by ( Lauren Steussy | ) www.businessinsider.com time to read: +3 min

Americans are increasingly leaving big cities in states like California for affordable enclaves. Indiana towns are offering cash and other incentives for those willing to leave city life behind. One family shared with The Los Angeles Times the perks they cashed in on in Indiana. Other perks include coffee with the town's mayor Chris Jensen and memberships to a golf club and co-working space. It's too soon to say whether the exoduses away from states like California will stick.

Persons: —, Mariah, Chad Zingarelli, Chris Jensen, Mariah Zingarelli, Matt Winters, I'm, It's Organizations: Los Angeles Times, Service, Indiana aren't, Redfin, Times, Economic Development Corp, Indiana — Locations: California, Indiana, City, San Francisco , New York, Los Angeles, Florida, Fresno , California, Noblesville , Indiana, Poplar Bluff , Missouri, Poplar Bluff's, Salt Lake City , Utah

☆ Big landlords are barreling towards a 'reckoning.' But smaller ones are doing just fine.
▼ + stars: | 2023-05-25 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +11 min

Some big landlords are starting to feel the squeeze of stalled rents and increased operating expenses. The main difference between 'big' and 'small' landlords: the financingA key difference between smaller, mom-and-pop landlords and larger landlords is how they're financing deals. While small landlords are typically purchasing single-family homes or multi-family properties like duplexes and triplexes, which you can finance with residential debt, big landlords are buying apartment buildings and have to use commercial debt. With a residential loan, you can typically get a fixed interest rate, which will not change over the lifetime of the loan. "One of the reasons I invest in four units or less is you get 30-year fixed rate debt," he said.

In midsized metros Metros with 250,000 to one million residents. An Emerging Divide Mobility has risen for college-educated workers, even as it has fallen for workers without a degree. College-educated workers leaving the most expensive parts of the country are also not spreading out equally everywhere — or even going to parts of the country that are struggling. Net migration among college graduates Loss Gain Among the 12 most expensive metros, net college migration has generally declined or turned negative. “Consumer cities,” as she puts it, are increasingly replacing “producer cities” as the places where college graduates want to live.

Yannick Kergoat, director of "Tax Me If You Can," hopes the film makes learning about tax evasion fun. The French filmmaker had trouble getting funding and TV pickup for his new documentary about tax evasion, "Tax Me If You Can." He pretends you're in a bar to show you news footage about why the US is the country losing the most tax revenue because of tax evasion. Houser's course included movies like "It's a Wonderful Life" and "Office Space" to teach students about banking and economics of scale, respectively. The repercussions of tax evasion include "incredible increases in wealth for some and constant impoverishment for others."

☆ Carol Burnett's birthday special' is an elegant (and hilarious) event
▼ + stars: | 2023-04-26 | by ( Marianne Garvey | ) edition.cnn.com time to read: +9 min

Hulton Archive/Getty Images Burnett peeks at a portrait of herself that was being painted by artist Dmitri Vails in 1963. CBS/Getty Images Burnett interacts with the audience of her new variety show, "The Carol Burnett Show," in 1967. CBS/Getty Images Burnett, left, and Cher perform a skit on "The Sonny & Cher Comedy Hour" in 1972. CBS/Getty Images Burnett poses with her memoir "One More Time" at a book signing in Beverly Hills, California, in 1986. Will Hart/NBC/Getty Images Carol Burnett Square was unveiled in Los Angeles in front of her alma mater, Hollywood High School, in 2013.

☆ California and other Western states lead in unhealthy levels of air pollution, report shows
▼ + stars: | 2023-04-19 | by ( Emma Newburger | ) www.cnbc.com time to read: +4 min

The "State of the Air" report found that nearly 120 million people, more than a third of the population, lived in areas with unhealthy levels of air pollution between 2019 and 2021. The report assigned letter grades reflecting the number of days that air quality in a specific area reached unhealthy levels on the Air Quality Index. Exposure to unhealthy levels of ozone air pollution makes breathing difficult for more people across the U.S. than any other single pollutant, the report said. Wildfires in the region were a major factor in the increasing number of days and places with unhealthy levels of particle pollution, the report found. The report used data from air-quality monitors managed by state, local and tribal air pollution control authorities in counties across the country.

Getting more money when I was struggling with mental health didn't fix my problems. My depression led me to self-medicating with drugs and alcohol, and I thought that once I finally had money, everything would be alright. More money didn't solve my problemsGrowing up, I lived with my dad. Every time I received a raise or a promotion, I thought that would be what would remedy my depression. I'm grateful for everything I've been through, because it taught me that I don't need money to be happy.

☆ 130 Regal, Eastgate, and other movie theaters could close in the US — see the list of those already shuttering
▼ + stars: | 2023-04-11 | by ( Travis Clark | Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

Cineworld has sought to exit its leases for 130 theaters in the US. A bankruptcy court in Texas has already approved its plan to walk away from 47 of those locations. Cineworld filed for Chapter 11 bankruptcy in September. So far, the Texas bankruptcy court overseeing the proceedings has approved the company's plan to exit 47 leases, according to court filings. The North American box office hit $7.4 billion in 2022, according to Comscore, down from over $11 billion in 2019 and 2018.

☆ 29-year-old earns $187,000 and only works 9 months a year — and his job doesn't require a bachelor's degree
▼ + stars: | 2023-04-08 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

"I absolutely love living in Spartanburg and being a travel nurse. I'm able to have a high salary as a travel nurse, but come back to where the cost of living is low." Tucker began his career as a travel nurse after earning an associate's degree. "I'm away from home, I'm away from family, I'm away from my dog," says Tucker. CHECK OUT: 29-year-old travel nurse seized a chance to make $187,000 and only work 9 months a year: It’s ‘a once-in-a-lifetime opportunity’

☆ A long-dormant lake has reappeared in California, bringing havoc along with it
▼ + stars: | 2023-04-04 | by ( Evan Bush | ) www.cnbc.com time to read: +7 min

David Swanson | ReutersPeople have worked for a century to make California's Tulare Basin into a food grower's paradise. The Tulare Basin is at the southern end of California's San Joaquin Valley — and in essence, it's a massive bowl. Before irrigators dug canals and rerouted water for farming in the late 1800s, Tulare Lake filled the bowl's lower reaches. Today, the irrigation system is designed to "use every single drop of water" that flows into the basin, Mount said. Tulare Lake refilled in 1997 and 1983 during very wet seasons.

☆ With travel nurses making $150 an hour, hospital systems are forced to innovate
▼ + stars: | 2023-03-28 | by ( Bertha Coombs | ) www.cnbc.com time to read: +4 min

She set her sights on a job at St. Peter's Health Partners hospital in Albany, New York, and landed a position in the same maternity ward where she was born. Staff shortagesThe pandemic has exacerbated nursing staff shortages and resulted in contract nursing rates surging during successive waves of Covid infections. That amounted to three times the national average for full-time staff nurses. As hospitals have become increasingly reliant on contract nurses, travel nurse expenditures have risen more than 250% since the start of the pandemic. With more than 30,000 registered nurses in its system, nearly 1 in 10 of Trinity's nurses currently work through First Choice.

In 2020, while working as a staff nurse at a hospital in Spartanburg, South Carolina, Aspen Tucker came across a job posting for a travel nurse. In 2020, Aspen Tucker left his staff nursing job to become a travel nurse, a move that came with a significant bump in pay. "I'm able to have a high salary as a travel nurse, but also come back to where the cost of living is low," he says. That month he split an Airbnb with his girlfriend (also a travel nurse who occasionally takes jobs at the same hospitals) in addition to paying his mortgage and utilities back home. When he's traveling work, Tucker pays friends and family to take care of his dog, Skye.

"Everything Everywhere All at Once" leads the 2023 Oscars with 11 nominations, including best picture, best director (the Daniels), and best actress (Michelle Yeoh). Here's a rundown of all the ways you can watch and stream the 2023 Oscars live. How to watch the 2023 OscarsYou can watch the 2023 Oscars live on March 12 at 8 p.m. ET/5 p.m. PT on ABC. The ABC network is available via cable, antenna, and several live TV streaming services, including Sling TV, Hulu + Live TV, YouTube TV, and FuboTV. A24The 2023 Oscars includes nominees across 23 categories, covering every aspect of the filmmaking process.

☆ Mapping California’s ‘Zombie’ Forests
▼ + stars: | 2023-03-06 | by ( Elena Shao | ) www.nytimes.com time to read: +8 min

NEVADA Sacramento Stable conifer forests San Francisco Mismatch Less than five percent of conifer forests historically occurred in current climate. Sacramento Stable conifer forests Mismatch San Francisco Less than five percent of conifer forests historically occurred in current climate. San Jose Fresno CALIFORNIA Pacific Ocean NEVADA Bakersfield Area of detail CALIF. 50 MILES Reno NEVADA Sacramento Severe mismatch Stable conifer forests Less than one percent of conifer forests historically occurred in current climate. Note: The data looks at changes in conifer forests across the Sierra Nevada between the 1930s and the 2010s. They found that during that time period, the Sierra Nevada’s conifer forests had, on average, shifted about 112 feet higher in elevation.

☆ Tech service startup Bitwise Industries raises $80 mln in latest funding round
▼ + stars: | 2023-02-28 | by ( Krystal Hu | ) www.reuters.com time to read: +2 min

Feb 28 (Reuters) - Bitwise Industries, a tech service provider that trains workers in underrepresented communities, has raised $80 million in a funding round led by existing investors Kapor Center and Motley Fool, the company told Reuters. Goldman Sachs Asset Management (GS.N) and Citibank (C.N) also participated in the round, which brought its total funding to $180 million. Founded in Fresno, California by Irma Olguin Jr and Jake Soberal, Bitwise invests in tech real estate, runs apprentice programs for marginalized communities and sells managed tech services to government and traditional businesses. The company said it supported the training of over 10,000 individuals, 80% of whom have received technical employment. The training program, supported by government workforce upskill funding and tech corporate funding, usually takes about 12-18 months to complete.

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