DIRS.INFO The most relevant business & tech news

☆ Manhattan renters are now forking out a record-breaking average of $5,588 per month, even though people are still flooding out of New York
▼ + stars: | 2023-08-10 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Rent in New York City keeps hitting record highs even as migration from the city and state soars. In Manhattan, average rent in July was $5,588, up 2.2% from June and 9.3% from the previous year. People have been moving from New York State to low-tax Florida, as well as neighboring states. The surging average rental prices across New York City come despite people moving out in droves in recent years. New York City and surrounding areas like Long Island had some of the US' highest rates of negative net domestic migration between 2021 and 2022.

Persons: Miller Samuel, Douglas Elliman, It's Organizations: New York City, New York State, Service, Empire, Census Bureau, US Locations: New York, Manhattan, Florida, Wall, Silicon, New York City, Central, Brooklyn, Queens, New York County, New York State, New, Pennsylvania , Connecticut, New Jersey . New York City, Long

☆ The No. 1 worst U.S. state to retire — it's not New York or California
▼ + stars: | 2023-08-05 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

For the second year in a row, Alaska ranks as the worst state to retire, according to a recent Bankrate study. Despite placing 20th on last year's list of best states to retire, New York came in 49th this year. Meanwhile, California maintained its standing as the third worst state to retire. A massive housing shortage has caused living costs to rise in the Golden State, placing it 49th place in affordability, following closely behind New York. Here are the 10 worst states to retire in 2023, according to Bankrate.

Persons: Bankrate Organizations: U.S . Census Bureau, Tax Foundation, National Oceanic, Atmospheric Administration, New York, Golden State Locations: Alaska, , New York, New, California, Golden, New York

☆ Tenants and brokers want landlords with the best balance sheet, says State Realty's Anthony Malkin
▼ + stars: | 2023-08-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTenants and brokers want landlords with the best balance sheet, says State Realty's Anthony MalkinAnthony Malkin, chairman and CEO, Empire State Realty Trust, joins 'The Exchange' to discuss new leases for Manhattan offices, the value of access to public transportation, and trends indicating a return to office.

Persons: Realty's Anthony Malkin Anthony Malkin Organizations: Empire, Realty Trust Locations: Manhattan

☆ These are the states in America that are the least prepared for extreme weather
▼ + stars: | 2023-07-28 | by ( Scott Cohn | ) www.cnbc.com time to read: +11 min

Some states are in good shape to handle whatever the climate throws at them, but these are the states most at risk. 2023 Infrastructure score: 228 out of 390 points (Top States grade: B) Climate Extremes Index: 21.16% Properties at risk: 45.2% Renewable energy: 10.6%9. 2023 Infrastructure score: 165 out of 390 points (Top States grade: D) Climate Extremes Index: 8.7% Properties at risk: 2.8% Renewable energy: 12%8. Connecticut is home to the nation's first "green bank," which uses public dollars to leverage private investment in renewable energy. 2023 Infrastructure score: 227 out of 390 points (Top States grade: B) Climate Extremes Index: 21.16% Properties at risk: 61% Renewable energy: 12.5%1.

Persons: Jeremy Porter, York Snow, Joed Viera, Kelly Giddens, Daniel Hinton, Jessica Mcgowan, wades, Tim Boyle, Tony Evers, Scott Olson, Josh Edelson, Gavin Newsom, —, Marcellus, Tom Wolf, Josh Shapiro, Ida, Brendan McDermid, Hurricane Ida, Richard Bunting, Alex Hamilton, Hurricane Irene, Mark Wilson, Joe Biden's, Ted Shaffrey, Hurricane Nicole, Paul Hennessy, Marco Bello Organizations: Street Foundation, CNBC, Business, First, Oceanic, Atmospheric Administration, NOAA, U.S, Department of Energy, Afp, Getty, National Weather Service, Micron Technology, Alabama, University of Alabama, Illinois —, Badger State, Gov, Carolina, Carolinas, AFP, EQT Corp, Bloomberg, Reuters, Garden, State, Anadolu Agency, Sunshine State, Farmers Insurance, AAA Locations: States, York, Buffalo , New York, Empire, New York, Syracuse, Alabama TUSCALOOSA, AL, Cedar, Tuscaloosa , Alabama, Texas, Oklahoma, Alabama, Gulf, Wisconsin, Prairie du Chien , WI, Hurricane, Charleston , South Carolina, Florida, Georgetown , South Carolina, South Carolina, California, Oroville, Oroville , California, , California, Pennsylvania, Washington Township , Pennsylvania, U.S, Jersey, Oakwood, Elizabeth , New Jersey, Garden State , New Jersey, New Jersey, Delaware, Lewes , Delaware, Rhode, Connecticut, New Haven , Connecticut, Wilbur, , Florida, Louisiana, Kenner , Louisiana

☆ Tony Bennett, legendary American singer, dies at age 96
▼ + stars: | 2023-07-21 | by ( Bill Trott | ) www.reuters.com time to read: +7 min

[1/10] Singer Tony Bennett performs during Sinatra 100 - An All-Star Grammy Concert in Las Vegas, Nevada December 2, 2015. The star-studded tribute was held to mark the would be 100th birthday of legendary performer Frank Sinatra on December 12. The comedian was so impressed that he had the singer change his name to Tony Bennett and used him as an opening act. In 2016 a statue of Bennett was unveiled outside San Francisco's Fairmont Hotel, where Bennett first performed the song some 55 years before. "Tony Bennett has not just bridged the generation gap, he has demolished it," the New York Times wrote in 1994.

Persons: Tony Bennett, Sinatra, Frank Sinatra, Steve Marcus, Bennett, Sylvia Weiner, Gaga, Beatle Paul McCartney, Aretha Franklin, Willie Nelson, Bono, Bruce Willis, John Travolta, Danny, Bob Hope, Anthony Dominick Benedetto, Joe Bari, Hope, Hank Williams, Basie, Count Basie, Cole Porter, Johnny Mercer, George, Ira Gershwin, Richard Rodgers, Lorenz Hart, Singer, Harry Belafonte, Martin Luther King Jr, Belafonte, Jesse Jackson, Ralph Sharon, Danny Bennett, Sharon, Lady Gaga, Susan Crow, Patricia Beech, Sandra Grant, Bill Trott, Brendan O'Brien, Diane Craft, Jonathan Oatis, Matthew Lewis Organizations: REUTERS, MTV, Partners, New York's Radio City Music, Columbia Records, Count Basie Orchestra, Twitter, New York Times, Thomson Locations: Las Vegas , Nevada, San Francisco, New York City, New York, Europe, New, Greenwich, Selma , Alabama, Francisco, San, Chicago

☆ United posts record earnings and forecasts strong profits for bustling summer quarter
▼ + stars: | 2023-07-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

United Airlines on Wednesday posted record quarterly earnings and forecast a strong third quarter thanks to an unrelenting travel boom, led by a return of international travel. The airline lost some of its capacity during the second quarter because of flight disruptions at its Newark, New Jersey hub. United's CEO Scott Kirby earlier this month said the company will have to reduce flights at Newark Liberty International Airport. "The United team persevered through an unprecedented series of events at the end of last month," Kirby said in an earnings release on Wednesday. United expects to post adjusted earnings per share of between $3.85 and $4.35 for the third quarter, far above analysts' estimates of $3.70 a share, according to Refinitiv.

Persons: Scott Kirby, Kirby, we're Organizations: United Airlines, Empire, Vanderbilt, Newark Liberty Airport, Newark , New Jersey . United Airlines, Refinitiv, Newark Liberty International, United, New Locations: New York City, Newark, Newark , New Jersey, United

☆ Morning Bid: Bland China data leaves market hungry for stimulus
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +2 min

The Q2 GDP number of +0.8% q/q just pipped forecasts, but y/y undershot at 6.3% suggesting revisions somewhere to the past. The market reaction was disgruntled with Chinese shares down and the yuan easing. The data underlined the need for much more serious fiscal spending but Beijing seems in no hurry to satiate market wishes this time. The central bank left one-year rates unchanged on Monday, and analysts seem resigned to wait for a Politburo meeting later this month for fresh steps. Goldman Sachs says passive funds that track NDX will rebalance their portfolios but the 2011 special rebalance experience suggests the stock-level impact will be limited.

Persons: Wayne Cole, BofA, Goldman Sachs, Fabio Panetta, Christine Lagarde, Frank Elderson, Philip R, Jacqueline Wong Organizations: Investors, Aussie, Tesla, Nasdaq, Microsoft, Finance Ministers, Central Bank Governors, ECB, Federal Reserve Bank of New, Manufacturing Survey, Thomson Locations: Wayne, China, Beijing, 4ppt, Gandhinagar, India, Federal Reserve Bank of New York

☆ Gilgo Beach murders: Years in the making, evidence leads investigators to Rex Heuermann
▼ + stars: | 2023-07-16 | by ( Ray Sanchez | ) edition.cnn.com time to read: +11 min

Rex Heuermann in booking image from the Suffolk County Sheriff's Office. Suffolk County Sheriff's Office/APHeuermann is charged with three counts of first-degree murder for the killings of Melissa Barthelemy in 2009, and Megan Waterman and Amber Costello the following year, according to the Suffolk County District Attorney. His father had built satellites for a living, Heuermann told the interviewer. They first connected him to the killings last year while conducting a review of evidence under a newly formed task force, which included the Suffolk County Police Department, the Suffolk County Sheriff’s Office, the New York State Police and the FBI. Speaking of the arrest, Suffolk County Police Commissioner Rodney Harrison said Friday: “Rex Heuermann is a demon that walks among us.

Persons: Rex Heuermann, John F, he’s, Heuermann, ”, Kathy Hochul, “, –, Melissa Barthelemy, Megan Waterman, Amber Costello, Maureen Brainard, Barnes, Amber Lynn Costello, Michael Brown, ” Heuermann, it’s, Barthelemy, selfies “, hank, Tierney, Heuermann’s, Investigators, ” Tierney, Shannan Gilbert, Gilbert, Brainard, Waterman, Rodney Harrison, “ Rex Heuermann Organizations: CNN, Catholic Charities, American Airlines, Kennedy International Airport, WABC, ” New York Gov, Netflix, Sheriff's, Suffolk County Sheriff's, Attorney, Police Department, Associates, Heuermann, Suffolk County Police Department, Sheriff’s Office, New York State Police, FBI, Avalanche, Authorities, Suffolk County, Craigslist, Suffolk County Police Locations: Manhattan, Shore, Long, Suffolk, Suffolk County, Megan Waterman Suffolk, homey, Massapequa, Nassau County, Heuermann, New York City, Heuermann’s, Gilgo, Oak Beach, Gilgo Beach, Hauppauge

☆ Northeast flooding: 5 people were killed by raging floodwaters in southeastern Pennsylvania and 2 children are still missing
▼ + stars: | 2023-07-16 | by ( Christina Maxouris Lauren Mascarenhas Melissa Alonso Caitlin Kaiser | Christina Maxouris | Lauren Mascarenhas | ) edition.cnn.com time to read: +6 min

The children and their family, who were visiting from Charleston, South Carolina, were driving to a barbecue when they got stuck in flash flooding, Upper Makefield Fire Chief Tim Brewer said Sunday afternoon. Southeastern Pennsylvania was hit hard by heavy rain Saturday, less than a week after parts of the state had again faced flash flooding that deluged roadways and displaced dozens from their homes. “New York State is once again seeing significant rainfall & we are prepared to help communities respond,” Gov. Flash flood warnings were again in effect earlier Sunday in parts of the state, prompting officials to warn of potential landslides. “There are flash flood warnings throughout the state today.

Persons: Tim Brewer, “, Brewer, ” Brewer, ”, Norfolk PIO Jon Barbagallo, Kathy Hochul, ” Hochul, ” Long, Hochul, Kyle Mazza, Ned Lamont, John F, downpours, Hurricane Irene, Joe Biden, Jennifer Morrison, Phil Scott, Michael E, Mann Organizations: CNN, Authorities, Local, Empire State, “, York State, Twitter, New, New York City Emergency Management Department, Anadolu Agency, Bristol Firefighters Association, Connecticut Gov, National Weather Service, Boston Logan International Airport, LaGuardia, Newark Liberty International Airport, John, Kennedy International Airport, Federal Aviation Administration, Sunday, FEMA, ”, University of Pennsylvania, Southwestern Locations: Pennsylvania, Charleston , South Carolina, Bucks County, Upper Makefield, Southeastern Pennsylvania, New England, Vermont , New York, Massachusetts, Norfolk , Connecticut, Norfolk, New York, Connecticut, Empire, York, Waterbury , Connecticut, New York City, Suffolk County, Dutchess, Sullivan, New Jersey, Bristol, Boston, LaGuardia Airport, Vermont

At his office near the Empire State Building, Rex Heuermann was a master of the meticulous: a veteran architectural consultant and a self-styled expert at navigating the intricacies of New York City’s building code. At home in Massapequa Park on Long Island, while some neighbors saw Mr. Heuermann as just another commuter in a suit, others found him a figure of menace. “He was somebody you don’t want to approach.”On Friday, Suffolk County prosecutors said that residents of Massapequa Park had a serial killer living in their midst. They accused Mr. Heuermann, 59, of leaving a quarter-mile trail of young women’s bodies on the South Shore of Long Island in what came to be known as the Gilgo Beach Killings. Yet he was so careful in covering his tracks, they said, that it took them nearly 15 years to arrest him.

Persons: Rex Heuermann, Heuermann, ”, Nicholas Ferchaw, Mr Organizations: Foods Locations: York, Massapequa, Long, Suffolk, Shore

☆ Investors count on upward market momentum in the week ahead as earnings rain down
▼ + stars: | 2023-07-14 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Stocks could continue to gain momentum in the week ahead as traders turn their attention to earnings results after the past week's softer inflation news. The major benchmarks are headed for a positive week Friday after encouraging consumer and wholesale inflation in June cemented the likelihood that the Federal Reserve is closer to the end of its rate-hiking campaign. Some market participants expect this period could mark the trough for earnings, and urge traders to pay more attention to forward guidance. "And that's a great sign for the market and market health." ET: NAHB housing market index (July) Earnings: Bank of America , Morgan Stanley , Bank of N.Y. Mellon , Lockheed Martin , PNC Financial , J.B. Hunt Wednesday 8:30 a.m.

Persons: Sage, Rob Williams, Sam Stovall, gee, Stovall, It's, Yung, Yu Ma, MRB, Sage Advisory's Williams, Williams, Morgan Stanley, Wells, Baird's Ross Mayfield, Lockheed Martin, Baker Hughes, Goldman Sachs, Kinder Morgan, Equifax, Johnson Organizations: Federal Reserve, Traders, Reserve, Open, BMO Wealth Management's, MRB Partners, Bank of America, JPMorgan Chase, Investors, Bank, N.Y, Mellon, Lockheed, PNC Financial, J.B, Hunt, Housing, Nasdaq, Citizens Financial, Halliburton, Las Vegas Sands, IBM, Tesla, Netflix, American Airlines, United Airlines, CSX, Comerica, PPG, Roper Technologies, American Locations: Wells Fargo, Silicon Valley, Las Vegas, Horton

☆ Record heat meets record wildfires in Canada, and scientists say this is the new reality
▼ + stars: | 2023-07-13 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +8 min

"This is the new reality, not the new normal, because we're on a downward spiral," Flannigan told CNBC. "The current wildfire season in Canada has been astounding and record breaking," Dahl told CNBC. "I'm not sure where we're going to end up with this because it keeps keeps on burning," Flannigan told CNBC. "The warmer it gets, the atmosphere gets more efficient at sucking the moisture out of the fuels," Flannigan told CNBC. For example, the mountain pine beetle is killing trees and turning them into fuel for wildfires, Burch told CNBC.

Persons: Kristina Dahl, Michael Flannigan, it's, Flannigan, Dahl, We're, I'm, Hope, we've, I've, Sarah Burch, Burch, David Dee Delgado, It's, You've, we're Organizations: BC, Service, Anadolu Agency, Getty, Union of Concerned, CNBC, Thompson Rivers University British Columbia, Natural Resources, Canadian Interagency Forest Fire, Fort, National Oceanic, Atmospheric Administration, Canadian Forest Service, University of Waterloo, Waterloo Climate Institute Locations: Lake, British Columbia, Canada, Natural Resources Canada, South Carolina, Massachusetts, Maine, Northwest Territories, North America, Alberta, Waterloo, New York City, United States

☆ Manhattan office market's tough outlook persists, leaving investors on sidelines
▼ + stars: | 2023-07-12 | by ( Herbert Lash | ) www.reuters.com time to read: +5 min

[1/2] The Empire State Building and Manhattan skyline are pictured from the Summit at One Vanderbilt observatory in Manhattan in New York City, U.S., April 14, 2023. "There's essentially almost no market for office buildings right now because people don't know where the bottom is," said Andrew Nelson, a real estate economist who runs Nelson Economics in Washington. Opportunistic investors who could clear the market of unneeded office space and help lift values are biding their time, sitting on the sidelines, Lim said. The increase in negative absorption comes despite the number of office jobs in Manhattan now exceeds pre-pandemic levels. And Savills Plc (SVS.L) said direct available office space in Manhattan now measures 70.4 million square feet, the highest in history.

Persons: Mike Segar, There's, Andrew Nelson, Andrew Lim, Lim, JLL, Nelson, Mark Berry, Kroll, Herbert Lash, Nick Zieminski Organizations: Empire, Vanderbilt, REUTERS, Reuters, Nelson Economics, Jones Lang LaSalle Inc, SOAR, Kroll Bond, Agency, Thomson Locations: Manhattan, New York City, U.S, Washington, New York

☆ Inside the furious debate over New York City's new tax on drivers, which New Jersey Democrats are fighting against tooth and nail
▼ + stars: | 2023-07-02 | by ( Eliza Relman | ) www.businessinsider.com time to read: +11 min

Long gone are the days of eerily deserted Manhattan streets as New York City ground to a near-halt during the height of the COVID-19 pandemic. Cars fill Midtown amid the coronavirus pandemic on March 19, 2021 in New York City. The Empire State Building and Tourist District are seen while Traffic jam is reported along the route to New York City on August 17, 2022, in Jersey City, New Jersey. Komanoff said most congestion pricing advocates agree — they don't want drivers who enter lower Manhattan through the tunnels to pay the full congestion toll. But congestion pricing still has a long way to go, particularly as long as New Jersey leaders stand in the way.

Persons: Kathy Hochul's, Long, Kathy Hochul, Gottheimer, Jersey Sen, Bob Menendez, Phil Murphy, Noam Galai, it's, Charles Komanoff, Komanoff, Sam Schwartz, Eduardo Munoz Alvarez, George Washington, Sen . Menendez, Bill Pascrell, Schwartz, Hochul, Murphy, Sarah Kaufman, University's, Ritchie Torres, Tom Williams, Torres, he's Organizations: Gov, New, New Jersey Democrats, Morning, Metropolitan Transportation Authority, New York Gov, Central Business District, Federal Highway Administration, MTA, Democratic, New York Supporters, New York, Mexico City, George Washington Bridge, Center for Transportation, New York Rep, Garden, Komanoff, Democratic Rep Locations: New York City, Manhattan, New Jersey, ., Jersey, New York, New, London, Stockholm, Singapore, York, Toronto, Mexico, Seattle, Los Angeles, Chicago, Boston, Jersey City , New Jersey, Holland, Lincoln, Bronx

☆ Smoke will keep pouring into the US as long as fires are burning in Canada
▼ + stars: | 2023-07-01 | by ( Alaa Elassar | ) edition.cnn.com time to read: +17 min

Massive fires burning in remote areas – like some of those currently burning in northwestern Quebec – are often too out of control to do anything about. Ed Jones/AFP/Getty Images Smoke from wildfires in Canada shrouds the view of the Statue of Liberty on Friday in New York. Jim Watson/AFP/Getty Images Smoke and haze is seen from the Lincoln Memorial in Washington, DC, on Tuesday, June 27. Matt McClain/The Washington Post/Getty Images Smoke from Canadian wildfires obscures the visibility in Pittsburgh on June 8. Another issue is the increase in the wildfires are caused by climate change, and are simultaneously making climate change worse.

Persons: ” Robert Gray, you’ve, they’re, “ There’s, don’t, ”, Daniel Perrakis, ” Gray, Shiraaz Mohamed, Gray, “, ” Perrakis, Ed Jones, David Dee Delgado, Gary Hershorn, Haze, Gene J, Jim Watson, Megan Smith, Kamil Krzaczynski, Cpl Marc, Andre Leclerc, Drew Angerer, Shannon Stapleton, Ronald Reagan, Saul Loeb, Matt McClain, Emmalee Reed, Hannah Beier, Mandel Ngan, New York City, Timothy A, Clary, Mike Segar, John Minchillo, Shanita Hancle, Seth Wenig, Matt Rourke, Ting Shen, Matt Slocum, Amr Alfiky, John Meore, Leah Millis, George Washington, Peter Carr, Yuki Iwamura, Kareem Elgazzar, Carlos Osorio, Frank Franklin II, Merrily Cassidy, Spencer Colby, Jason Rock, BJ Fuchs, Anne, Sophie Thill, we’ve, it’s Organizations: CNN, Canadian Forest Service, Firefighters, Getty, ” “, Nature Conservancy, Rockefeller Center, North, Corbis, PNC Park, Major League Baseball, Pittsburgh Pirates, San Diego Padres, Traffic, Chesapeake, Lincoln Memorial, USA, People, Canadian Forces, Reuters, BC, Service, Xinhua, Ronald Reagan Washington National Airport, Washington Post, Bloomberg, Capitol, Trade, AP Transit, T, Alberta Wildfire, New, New York City, Getty Images Workers, Citizens Bank, Philadelphia Phillies, New York Yankees, Empire, George Washington Bridge, New York State Thruway, Cincinnati Enquirer, Cape Cod Times, Anadolu Agency, Canadian Press, AP, Wildfire Service, Communications, Space, NASA, Reuters Firefighters, Kamloops Fire Rescue, Shining Bank Locations: Wisconsin, Vermont, North Carolina, Canada, Quebec, Canadian, British Columbia, Alberta, Ontario, Mexico, Costa Rica, Chile, Spain, Australia, New Zealand, South Africa, South Korea, France, AFP, New Jersey, Manhattan, New York, North America, New, Pittsburgh, Stevensville , Maryland, Washington ,, Chicago, Lake Michigan, Mistissini, Ronald Reagan Washington, Arlington , Virginia, Washington, Philadelphia, Elmont , New York, Baltimore, Evansburg , Alberta, Brooklyn , New York, Piermont , New York, Fort Lee , New Jersey, George, West Nyack, New York's, New York City, Cincinnati, Rock Harbor, Massachusetts, Cape Cod, Ottawa, Fort Nelson, Shelburne County , Nova Scotia, Communications Nova Scotia, Shelburne , Nova Scotia, Fort St, John, Kamloops, Shining Bank , Alberta, Lytton

☆ Thompson Twins Are Ready for the N.B.A., but Not to Split Up
▼ + stars: | 2023-06-25 | by ( David Gardner | Maansi Srivastava | ) www.nytimes.com time to read: +1 min

Even then, they were apprehensive about climbing the ladder to an observation deck that isn’t open to the public. Then they went to a court to shoot a segment with the “Today” show, went to two brand photo shoots and finished the day working out with the popular N.B.A. On Wednesday, they did a series of interviews arranged by the N.B.A. After Ausar hit a deep 3-pointer over the fence, they returned to their hotel to try on their suits. They also teased the idea of trading places with each other when they were selected, to see if anyone noticed.

Persons: Chris Brickley, curt, Ausar, Waraire Boswell, Amen Organizations: Empire, Barclays Center, The New York Times Locations: Brooklyn

☆ The market isn't buying the Fed's tough talk on interest rates
▼ + stars: | 2023-06-15 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Try as the Federal Reserve did Wednesday to send the message that multiple interest rate hikes are ahead, the market wasn't buying it. Indeed, market pricing reflected a high level of skepticism that the Fed is going to do much more in terms of policy tightening. That came even though 12 of the 18 FOMC members said they envision rate hikes totaling 50 basis points, or 0.5 percentage point, by the end of 2023. "Fed Funds Futures aren't buying to [Wednesday's] FOMC SEP guidance of 2 more rate hikes this year," wrote Nicholas Colas, co-founder of DataTrek Research. Powell's news conference after the decision to skip a rate hike at this week's meeting went in multiple directions.

Persons: Quincy Krosby, Jerome, Powell, Nicholas Colas, Goldman Sachs, David Mericle, that's, Matthew Luzzetti, Christopher Waller, James Bullard Organizations: Federal Reserve, Fed, LPL, Dow Jones Industrial, DataTrek, Empire, Manufacturing Survey, Deutsche Bank, Louis Locations: St

☆ Some delivery workers biked 50 miles in the thick of the NYC wildfire smog: 'It's an ominous feeling'
▼ + stars: | 2023-06-09 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Wood bikes an average of 40 to 50 miles a day shepherding food and other products to people's doorsteps. The next day, he woke up and did another full day of work outside, despite the city's record-setting poor air quality and a noticeable toll on his lungs. You have to be willing to work in the weather conditions that nobody else wants to work in," Wood says. Delivery workers are among the many kinds of jobs that require outdoor labor. Construction workers, landscapers and highway maintenance laborers, for example, have to spend the majority of their day outside, according to the Bureau of Labor Statistics.

Persons: Josh Wood, Uber, Wood, doorsteps, It's, Ligia Guallpa Organizations: Empire, CNBC, Unidos, Workers ' Justice, Deliveristas Unidos, Bureau of Labor Statistics Locations: Canada, New York City, midtown Manhattan, York City, New York, landscapers

☆ CNBC Daily Open: Winds of change are blowing, but the haze remains
▼ + stars: | 2023-06-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +1 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Chris Licht relinquished his position as CNN's CEO and left the company, Warner Bros Discovery, the parent company of CNN, said Wednesday morning. So it was perhaps not surprising that investors were relieved by his departure, as indicated by the 8.43% jump in Warner Bros ' shares. Cohen is known as "the god figure of the meme-stock community," a Reddit user, who preferred to be anonymous for fear of retaliation, told CNBC.

Persons: Chris Licht, Licht's, Donald Trump, Matthew Furlong, Ryan Cohen, Cohen, GameStop's Organizations: Penn, Empire, CNBC, Warner Bros Discovery, CNN, Warner Bros, GameStop Locations: New York City, New York

☆ Canadian wildfire smoke creates hazy skies and unhealthy air quality in New York City
▼ + stars: | 2023-06-06 | by ( Emma Newburger | ) www.cnbc.com time to read: +1 min

The sun is shrouded as it rises in a hazy, smoky sky behind the Empire State Building, One Vanderbilt and the Chrysler Building in New York City, as seen from Jersey City, New Jersey, June 6, 2023. New York City has some of the worst air quality in the country this week because of smoke that has drifted south from wildfires burning in Canada. The ratings for air quality levels across the five boroughs reached into the 150s Tuesday, according to the U.S. government online platform AirNow. Officials warned residents to limit time outdoors and emphasized people with respiratory illnesses or heart disease are especially vulnerable to the dangerous air quality conditions. The New York State Department of Environmental Conservation issued an air quality health advisory Tuesday for New York, Bronx, Kings, Queens and Richmond counties and the surrounding suburbs.

Organizations: Vanderbilt, Chrysler, World Health Organization, New York State Department of Environmental Conservation Locations: New York City, Jersey City , New Jersey, Canada, New York, Bronx, Kings, Queens, Richmond

☆ Dow, S&P edge up as data, debt ceiling curb gains
▼ + stars: | 2023-05-15 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

The Dow Jones Industrial Average (.DJI) rose 47.98 points, or 0.14%, to 33,348.6, the S&P 500 (.SPX) gained 12.2 points, or 0.30%, to 4,136.28 and the Nasdaq Composite (.IXIC) added 80.47 points, or 0.66%, to 12,365.21. Meta Platforms Inc (META.O) climbed 2.16% as one of the top boosts to both the Nasdaq and S&P 500 after Loop Capital upgraded it to "buy" from "hold." Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 11, 2023. REUTERS/Brendan McDermidIn a relatively light week for economic data, investors will focus on retail sales, weekly jobless claims and housing data. The S&P 500 posted nine new 52-week highs and seven new lows; the Nasdaq Composite recorded 59 new highs and 136 new lows.

☆ Wall Street advances, Treasury yields rise as debt-ceiling debate rolls along
▼ + stars: | 2023-05-15 | by ( Stephen Culp | ) www.reuters.com time to read: +3 min

"It feels like there's some optimism regarding talks on the debt ceiling," said Joseph Sroka, chief investment officer at NovaPoint in Atlanta. "Part of that may be political gamesmanship, but it's helping the market a little bit today." European stocks ended the session higher as investors eyed ongoing U.S. debt ceiling negotiations and Turkey's impending election runoff. Emerging market stocks rose 0.54%. Gold edged higher in opposition to the weakening dollar as the ongoing debt ceiling standoff stoked fears of a global economic slowdown.

☆ US dollar retreats from five-week high as debt ceiling stalemate weighs
▼ + stars: | 2023-05-15 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +4 min

In afternoon trading, the dollar index , which measures the greenback's value against six major currencies, fell 0.3% to 102.40. Earlier in the session, the dollar touched a five-week high of 102.75. Analysts have said many factors could be behind the dollar's recent strength, including concerns about U.S. inflation and safe-haven buying driven by fears about the debt ceiling standoff and global economic growth, as well as more hawkish rhetoric from Fed officials. Against the yen, the dollar was up 0.3% at 136.06, while sterling was 0.7% higher at $1.2527, rebounding after last week's 1.5% fall. It earlier jumped to 19.7 for the first time since March 10, when the dollar hit a record high of 19.8 on a volatile trading day.

☆ Tech lifts Nasdaq, Treasury yields gain as debt ceiling debate plods on
▼ + stars: | 2023-05-15 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

[1/2] A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 11, 2023. "It feels like there's some optimism regarding talks on the debt ceiling," said Joseph Sroka, chief investment officer at NovaPoint in Atlanta. European stocks ended the session higher as investors eyed ongoing U.S. debt ceiling negotiations and Turkey's impending election runoff. Emerging market stocks rose 0.53%. Gold edged higher in opposition to the weakening dollar as the debt ceiling standoff wore on, and investors clung to hopes of interest rate cuts by year-end, despite comments from Fed officials.

Atlanta Fed President Raphael Bostic said on Monday he does not expect any interest-rate cuts this year, while Minneapolis Fed President Neel Kashkari said inflation is "much much too high" despite the rate hikes. Investors now await comments from Fed Chair Jerome Powell on Friday for any clues on potential rate cuts this year. Shares of Magellan jumped 13.7%. Advancing issues outnumbered decliners by a 2.14-to-1 ratio on the NYSE and by a 1.92-to-1 ratio on the Nasdaq. The S&P index recorded six new 52-week highs and seven new lows, while the Nasdaq recorded 44 new highs and 110 new lows.

Search resuls for: "Empire State"

25 mentions found