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☆ New York City renters are expected to soon save an average of $5,000 on apartments that used to have hefty move-in fees
▼ + stars: | 2024-12-12 | by ( Eliza Relman | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

The New York City Council passed the FARE Act, shifting broker fees from renters to landlords. AdvertisementThe New York City Council passed a law in November — the Fairness in Apartment Rental Expenses (FARE) Act — shifting the burden of real estate broker fees from renters to landlords. "People with smaller budgets have to compete really fiercely for more affordable homes, but with broker fees," Lee said. Related storiesThe expected impact of the lawStreetEasy expects the FARE Act to enable many more renters to move and create more transparency when they sign a lease. The FARE Act passed the city council with the support of 42 of its 51 members, giving it a veto-proof majority.

Persons: StreetEasy, it's, Kenny Lee, Lee, Eric Adams, Adams Organizations: New, New York City Council, York City Council, Apple, New York City, New York Department of State, Real, Board, erelman Locations: New York, York, New York City, StreetEasy

☆ Americans who are charged overdraft fees are now on track to save $225 a year
▼ + stars: | 2024-12-12 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +3 min

The CFPB previously found that banks were charging Americans unnecessary overdraft fees. AdvertisementOn Thursday, the Consumer Financial Protection Bureau announced that it finalized a rule that would limit overdraft fees at the bank. Overdraft fees are charged when customers make a withdrawal that results in a negative account balance. Lower-earning Americans are disproportionately impacted by overdraft fees, per a previous report from the CFPB. Have you paid overdraft fees or struggled with banking fees?

Persons: Rohit Chopra, Donald Trump, Elon Musk, Vivek Ramaswamy, Musk, Chopra, Musk's Organizations: Consumer Financial, Bureau, Department of Government, asheffey

☆ India's ReNew Energy offered to be taken private in $2.82 billion deal
▼ + stars: | 2024-12-12 | by ( ) www.cnbc.com time to read: +2 min

Some of the biggest investors in ReNew Energy Global have offered to take the company private, filings to the U.S. Securities And Exchange Commission show, in a deal that values the clean power generator at $2.82 billion, according to Reuters calculations. Major shareholders Canada Pension Plan Investment Board, UAE-based Masdar, ReNew Chairman Sumant Sinha and a unit of the Abu Dhabi Investment Authority have offered to buy shares in India's second largest clean energy generator at $7.07 each. The consortium has collective voting rights of 64% in ReNew, which is India's second biggest renewable energy firm after Adani Green. Shares of ReNew closed 17.7% higher at $7.46 on the Nasdaq on Wednesday, 5.5% above the offer price. Goldman Sachs , one of ReNew's earliest investors, sold its entire stake after the energy company went public in 2021.

Persons: Sumant Sinha, Adani, CreditSights, Masdar, JERA, Goldman Sachs Organizations: Energy Global, U.S . Securities, Exchange, Canada, Plan Investment Board, Abu Dhabi Investment Authority, Nasdaq, SEC, Fitch Group, NASDAQ Locations: UAE, Abu Dhabi, India's, India, U.S, Middle

☆ Not ready for the holidays but already exhausted? Me, too
▼ + stars: | 2024-12-12 | by ( Katia Hetter | ) edition.cnn.com time to read: +7 min

CNN —The holidays can be fun and exciting, but you know they can also be cause for stress and anxiety. CNN: Why does it seem like so many people are feeling stressed and fatigued before the holidays? Holidays are a time when people see family members with whom they may have had disagreements or even past trauma. People with depression and who have experienced the loss of a loved one may feel the loss more acutely over the holidays. Referring to this list also can help to make us excited — rather than tired — for the holidays.

Persons: Leana Wen, Wen, It’s, it’s, you’re Organizations: CNN, George Washington University, Getty Locations: Japan

☆ I spent 8 years in Melbourne, one of the best cities to live in. Here's what I loved about it and didn't like.
▼ + stars: | 2024-12-12 | by ( Melissa Noble | ) www.businessinsider.com time to read: +5 min

I spent eight years living in Melbourne, which ranks among the best cities to live in. Melbourne consistently ranks among the world's top cities to live in based on things like healthcare, infrastructure, culture, and education. AdvertisementAlthough I loved a lot about my life in Melbourne, it wasn't a perfect place for my family. Here's what I loved about living there — plus, a few parts I didn't care for. AdvertisementWe enjoyed living in Melbourne — but it wasn't right for us in the long termI'm so glad we had our time in Melbourne.

Persons: it's, Michael Stav, I'd, Chris Gordon Organizations: Getty, Melbourne, Fitzroy Gardens, Botanic, ½ Locations: Melbourne, Australia's, Canada, London, Australia, Victoria, Cambodian, The Greater Melbourne, York, Elwood, Sydney, Bright

☆ Hundreds of student-loan borrowers who applied for debt cancellation are being denied relief by a major lender, over 20 Democratic lawmakers say
▼ + stars: | 2024-12-12 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Sen. Elizabeth Warren led over 20 colleagues in requesting the CFPB and FTC investigate student-loan company Navient. A group of Democratic lawmakers said that a major student-loan company is denying some student-loan borrowers relief that they might qualify for. Instead, they can request a school misconduct application from Navient, and Navient would then decide whether to approve it. AdvertisementThe issue, the lawmakers wrote, is that Navient has denied relief for the majority of borrowers who applied. BI previously spoke to some borrowers who have attempted to navigate Navient's school misconduct application process.

Persons: Sen, Elizabeth Warren, Navient, it's, Alexandria Ocasio, Cortez, Ron Wyden, Warren, Nick Eucker Organizations: Democratic, Consumer Financial Protection Bureau, Federal Trade Commission, Navient, Business, BI Locations: Alexandria

☆ US wholesale inflation surged higher in November
▼ + stars: | 2024-12-12 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

CNN —US wholesale inflation shot higher last month, an unwelcome sign that some prices could be heating up before they come down the pike to consumers. October’s monthly and annual rates were both revised higher from their initial estimates. However, food prices surged last month by 3.1%, driving the overall index higher. An ongoing deadly avian flu coupled with holiday-based demand has caused shortages and driven egg prices higher. On Wednesday, the latest Consumer Price Index landed in line with expectations but did show that some stagnation in the progress on reining in inflation.

Persons: Price Organizations: CNN, of Labor Statistics, PPI, Index

☆ A key pillar of Russia's wartime economy could soon be taking another hit
▼ + stars: | 2024-12-12 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The global oil markets are weighed down by ample supply and demand concerns, in part due to China's flagging economy. "So the global oil market is softer and that creates possibly an opportunity to take some further action," Yellen said. The US has been tightening its noose on Russian energy revenues. The measures have allowed the global energy markets to continue functioning in an orderly fashion — which prevents price shocks and inflation — but still limit Russia's oil revenue. In November, Russia's oil revenue fell 21% from a year ago amid weak energy prices, according to Bloomberg calculations based on official data.

Persons: Yellen, Janet Yellen, Biden, Dmitry Peskov Organizations: Bloomberg, Bloomberg TV, Brent, US West Texas, Kremlin, US Locations: Russia, Macquarie, Russian, Ukraine, India, China

☆ KeyBanc upgrades Charter Communications, says stock can rally more than 30%
▼ + stars: | 2024-12-12 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

KeyBanc sees multiple reasons for optimism on Charter Communications . Analyst Brandon Nispel upgraded the broadband provider to overweight from sector weight. "CHTR is well off its lows, but we think the stock can continue to work higher," the analyst wrote to clients in a note. Nispel said Charter should see some improvement in broadband subscriptions in 2025, helped by an acceleration of rural growth. CHTR YTD mountain Charter, year to date Nispel pointed out that Charter currently trades at about 6.6 times its adjusted EBITDA estimates for 2026.

Persons: KeyBanc, Brandon Nispel, Nispel, CHTR Organizations: Communications, U.S Locations: That's

☆ Texas House introduces bill to establish a strategic bitcoin reserve
▼ + stars: | 2024-12-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Legislation was introduced in the Texas House of Representatives on Thursday to establish a strategic bitcoin reserve, which could serve as a proving ground for the U.S. Treasury. The Texas bill aims to provide a way to strengthen the state's fiscal stability and establish it as a leader in bitcoin innovation, according to the Satoshi Action Fund, a nonprofit bitcoin advocacy group that worked with Capriglione on the bill. "A strategic bitcoin reserve, investing in bitcoin, would be a win-win for the state." "I just filed the bill ... entitled 'An act relating to the establishment of a bitcoin reserve within the state treasury of Texas and the management of cryptocurrencies by governmental entities,'" he said later. The drumbeat for a national strategic bitcoin reserve – one of President-elect Donald Trump's crypto-friendly campaign promises – has grown louder since the election.

Persons: Giovanni Capriglione, Satoshi, Capriglione, Donald Trump's, –, Bitcoin Organizations: U.S . Treasury, Republican Locations: Texas, bitcoin, U.S, cryptocurrency

☆ Ex-CEO: I fired my top salesperson because she lacked this crucial soft skill—'the red flag started going up'
▼ + stars: | 2024-12-12 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Sometimes, bosses have to make difficult decisions, which is why Louie Bernstein once fired his best salesperson. A few years later, he hired someone who quickly became his top salesperson, Bernstein told LinkedIn's "Catalyst" video series last week. She had a good personality — so I thought — and I ended up making her an offer ... She just started making sales right away," said Bernstein, now a 72-year-old sales executive and leadership consultant. Once he started working with her, he discovered that she lacked a key soft skill, and without it, she was a nightmare to work with, he said: coachability. "In the end, I felt like we had cancer and I was the surgeon that needed to cut it out to save the company," Bernstein wrote in a 2022 LinkedIn post.

Persons: Louie Bernstein, Bernstein, LinkedIn's, — Organizations: LinkedIn Locations: Atlanta

☆ The Kansas City Chiefs are the luckiest good team ever
▼ + stars: | 2024-12-12 | by ( Harry Enten | ) edition.cnn.com time to read: +5 min

CNN —I am a Buffalo Bills fan and watching the Kansas City Chiefs this year has been downright painful. After looking into it, the Chiefs, it turns out, are the luckiest 11+ win team through 13 games in the Super Bowl era. Well, it is more likely to be the case that the Chiefs don’t win a Super Bowl, but that’s not a guarantee. Among the 11+ win teams with the 25 worst point differentials, 12% of them won the Super Bowl. The 11+ win team with the best point differential to this point?

Persons: CNN —, they’ve, I’m, that’s, Matthew Wright, Jamie Squire, Neil Paine, Neil, David Eulitt, It’s Organizations: CNN, Buffalo Bills, Kansas City Chiefs, Chiefs, Kansas, Super, Bills, Minnesota Vikings, Philadelphia Eagles –, Detroit Lions, Denver Broncos, Carolina Panthers, Las Vegas Raiders, LA Chargers, Los Angeles Chargers, New England Patriots, Patriots, eventual Super Bowl

☆ Stocks making the biggest moves premarket: Uber, Celsius Holdings, Adobe, Chewy and more
▼ + stars: | 2024-12-12 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Constellation Energy — The energy stock added 2% following an upgrade to buy from neutral at Bank of America. Uber — Shares of the ridesharing company climbed more than 3%, rebounding from losses earlier in the week. Adobe anticipates revenues between $5.63 billion and $5.68 billion, versus the LSEG consensus estimate of $5.73 billion. Analysts polled by FactSet expected it to earn 9 cents per share on $316.8 million in revenue. Chewy — The pet goods retailer's shares fell about 3% in premarket trading after it announced a public offering of $500 million shares, which are being sold by Buddy Chester Sub.

Persons: Ross Fowler, Steve Powers, Keurig Dr Pepper, Tommy Bahama, FactSet, Buddy Chester Sub, Buddy Chester, —, Lisa Kailai Han, Jesse Pound, Yun Li, Michelle Fox Organizations: Constellation Energy, Bank of America, JPMorgan, General Motors, Uber . Beverage, — Deutsche Bank, Cola, PepsiCo, Keurig, Adobe, Oxford Industries —

☆ United, Apple rolling out new way to track lost luggage with AirTags
▼ + stars: | 2024-12-12 | by ( Alexandra Skores | ) edition.cnn.com time to read: +2 min

CNN —United Airlines travelers with lost luggage have a new tool to track their bags. If the lost bag has an Apple AirTag in it, that information can now be passed directly to United, the airline announced Thursday. United says lost bags are rare, with more than 99% of its customers arriving with their bags. It says the new technology will help those with lost bags to recover them more quickly because the airline will have more information about them. Apple previously announced the new service will also be integrated at other air carriers, including Delta Air Lines.

Persons: “, ”, David Kinzelman Organizations: CNN, CNN — United, iOS, United, Airlines, Apple, Delta Air Lines, Aer Lingus, Air, Air New Zealand, Austrian Airlines, British Airways, Brussels Airlines, KLM Royal Dutch Airlines, Lufthansa, Qantas, Singapore Airlines, Swiss International Airlines, Turkish Airlines, Virgin Atlantic Locations: Air Canada, Eurowings, Iberia

☆ Forget cruise ships — Carnival is spending big on private island resorts
▼ + stars: | 2024-12-12 | by ( Brittany Chang | ) www.businessinsider.com time to read: +2 min

Carnival Corp is growing its land-based portfolio with an expanded private island and a new resort. AdvertisementThe cruise giant announced plans on Tuesday to expand its 27-year-old private island, Half Moon Cay (now renamed RelaxAway, Half Moon Cay), by the summer of 2026. It'll be a busy year for the company, which also expects to debut a new exclusive resort, Celebration Key, in the prior year. So far, 20 of Carnival Cruise Line's 27 ships are scheduled to sail to the exclusive resort-like port. Cruise Image Library/Holland America LineTravelers are already booking Carnival cruises to Celebration Key, half a year from its debut.

Persons: It'll, Dave Bernstein Organizations: Carnival Corp, Caribbean, Holland America, Line Travelers Locations: Caribbean, RelaxAway, cabanas, Cruise, Holland, Port Canaveral , Florida

☆ Charts signal that an Nvidia breakdown could be imminent
▼ + stars: | 2024-12-12 | by ( David Keller | ) www.cnbc.com time to read: +5 min

Today we'll analyze the charts of Nvidia (NVDA) , review how the technical picture has changed in recent weeks, and identify potential downside targets for this former high-flying semiconductor company. The more likely scenario, given the bearish indications on the weekly chart, would be a downside break of $132. If we do detect a confirmed breakdown of support around $132, what sort of downside price objective could we expect? This downside price target lines up quite well with the 200-day moving average, which Nvidia has actually not touched since January 2023! But given the long-term strength on the weekly chart, this could provide an opportunity to accumulate one of the top AI names at a deep discount.

Persons: NVDA, David Keller Organizations: Nvidia, CMT, CNBC, NBC UNIVERSAL

☆ IPO investors are hopeful about 2025 after last major offering of this year prices on a high note
▼ + stars: | 2024-12-12 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

The last major IPO of the year has priced on an up note , and IPO investors are hopeful it will mark the end of three painful years of sub-par IPO raises. IPOs in 2024: A few winners, but mostly forgettable For most investors, 2024 has been a great year. IPO investors, however, have less to cheer about. IPO YTD mountain Renaissance IPO ETF Of those that did go public in 2024, there were a small number of standouts. Winners included social media platform Reddit , AI and cloud infrastructure firm Astera Labs , cloud data management firm Rubrik , financial management software firm OneStream , and healthcare payments software firm Waystar .

Persons: Greg Martin, hasn't, Martin, Matt Kennedy, Del, Kennedy, Rainmaker's Martin Organizations: Nasdaq, Rainmaker Securities, CNBC, IPOs, Renaissance Capital, Tech, Astera Labs, UL, Ingram, SpaceX, Reddit, Epic Locations: landscapers, Del Monte

☆ What Luigi Mangione's internet history might tell us
▼ + stars: | 2024-12-12 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +6 min

Online history can only tell us so much — but our reactions to it tell us a lot about society. Perhaps the most surprising thing about Luigi Mangione's internet footprint is that there's so much. These dribblings of Mangione's online life came with a tinge of disappointment for anyone who hoped he'd be some left-wing folk hero. Still, it's interesting to look at Mangione's online footprint to at least glean what we can. But Mangione's online trail doesn't seem like that at all.

Persons: Luigi Mangione, Luigi, I've, Andrew Huberman, Ezra Klein, Luigi Mangione that's, he'd, Everyone's, Max Read's, Guy, It's, conservativism, There's, he's, Jason Koebler, John Herrman, Mangione, Herrman, Tina Brown, — Organizations: United, San Francisco, Media, New York Magazine, Mar Locations: bro

☆ 10-year Treasury yield rises as investors digest inflation data
▼ + stars: | 2024-12-12 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +2 min

ET, the 10-year Treasury yield was up by nearly three basis points to 4.3%. U.S. Treasury yields held steady on Thursday as investors digested the latest inflation reading and awaited further data. Economists polled by Dow Jones are expecting to see a 0.2% increase on a monthly basis. The data comes ahead of the Federal Reserve's final policy meeting next week where rate cut decisions will be made. Currently, traders are pricing in a nearly 99% chance of a quarter-point rate cut, according to the CME FedWatch tool.

Persons: Dow Jones, Dow, Whitney Watson Organizations: Treasury, U.S, Bureau of Labor Statistics, Dow Jones, Federal, Goldman Sachs Asset Management, Fed

☆ Metropolitan Museum of Art reveals design for new $550-million wing
▼ + stars: | 2024-12-12 | by ( Benjamin Sutton | ) edition.cnn.com time to read: +4 min

Editor’s Note: This article was originally published by The Art Newspaper, an editorial partner of CNN Style. CNN —The Metropolitan Museum of Art in New York released the first renderings of its revamped wing for modern and contemporary art, a $550-million project spanning around 126,000 square feet and designed by Frida Escobedo, the first female architect to design a wing in the museum’s 154-year history. “The wing will comprise a three-story base supporting recessed fourth and fifth floors,” a representative for Escobedo’s studio said in a statement. The museum is in the final stages of a $70-million upgrade of its Michael C. Rockefeller Wing, which houses African, ancient American and Oceanic art galleries. In addition, the Met recently completed both a rehang of its American Wing to mark its centennial and a new interactive learning center.

Persons: Frida Escobedo, Tang, H.M, Agnes Hsu, —, Frida Escobedo’s, ” Max Hollein, Filippo Bolognese, “, Beyer, Belle, Nelson Byrd, Kohler Ronan, Thornton Tomasetti, Jordan Casteel, ”, Michael C Organizations: The Art, CNN, Metropolitan Museum of Art, Met, Belle Architects & Planners, Nelson Byrd Woltz Landscape Architects, Building, Tang, Rockefeller, Costume Institute Locations: New York, Eastern, Park, New York City, ”

☆ What a small group of America's centimillionaires believe about bitcoin and its political future
▼ + stars: | 2024-12-12 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

Here is how one group of initially skeptical centimillionaires got over their doubts, how they are now thinking about bitcoin, and how they invest in it. AdvertisementThe group's members, which make up a diverse bunch, range from 30 to 87 years old with the average being 45 to 55. But bitcoin's future price prospect isn't the only draw for R360 members. This perception isn't new or unique to R360 members. They're making their voice heard, 'this candidate, yes, because they're supportive of bitcoin, and this candidate, no, because they're not.'

Persons: Charlie Garcia, Garcia, Donald Trump, centimillionaires, Barbara Goodstein, bitcoin, Michael Saylor, you'll, Donald, who's, Bobby Kennedy's, they're, David Bailey, Bobby Kennedy, Bailey Organizations: Business, Trump, Bitcoin Conference, Bitcoin, Mar, BTC Inc Locations: bitcoin, Washington, United States, Nashville

☆ An IHOP worker says she was fired after feeding a homeless man. Then, they tried to reverse course.
▼ + stars: | 2024-12-12 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +2 min

A Florida IHOP worker says she was fired for feeding a homeless man. A longtime worker at a Florida IHOP was fired for feeding a homeless man, although the company later tried to reverse course by offering her job back. Hughes told the local broadcaster that she informed her manager of the good deed but received an unexpected response. Then, Hughes told WFLA that she received a phone call from her manager telling her she was being fired. In a GoFundMe page started at the event of November, Hughes said she was "publicly humiliated for feeding a homeless man."

Persons: Victoria Hughes, Hughes, WFLA, Dan Enea, Enea Organizations: Business, IHOP, Sunshine Restaurant Partners Locations: Florida, Lakeland , Florida

☆ Inside Look: World's Highest Grade Uranium Mine Supplies 11% of Global Demand.
▼ + stars: | 2024-12-12 | 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 EmailInside Look: World's Highest Grade Uranium Mine Supplies 11% of Global Demand. CNBC's Pippa Stevens with an inside look of the West's largest uranium mine, Cigar Lake in Northern Saskatchewan. This mine supplies about 11% of the global annual uranium demand and uses innovative techniques to extract high-grade uranium. As the demand for clean energy rises, especially from big tech companies like Microsoft and NVIDIA, the importance of such mines continues to grow. With geopolitical tensions increasing, these mines are becoming even more crucial.

Persons: Pippa Stevens Organizations: Microsoft, NVIDIA Locations: Northern Saskatchewan

☆ Kylian Mbappé: Investigation into rape allegations closed due to insufficient evidence, says prosecutor
▼ + stars: | 2024-12-12 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —An investigation into rape allegations made against France and Real Madrid star Kylian Mbappé has been dropped due to insufficient evidence, Swedish prosecutors said Thursday. On Thursday, the Swedish Prosecution Authority released a statement confirming the investigation was now closed, without naming any individuals involved. “During the course of the investigation, there has been a designated person suspected on reasonable grounds of rape and two cases of sexual assault, but my assessment is that the evidence is not sufficient to proceed, and the investigation is therefore closed,” the prosecutors’ statement said. The French superstar has always firmly denied the allegations, calling it “FAKE NEWS” in a post on X, formerly known as Twitter, in October. Despite scoring nine league goals this season, he hasn’t produced the performances many expected he would.

Persons: Kylian Mbappé, –, Mbappé, “, ”, ” Mbappé, Germain, hasn’t Organizations: CNN, France, Real Madrid, SVT, Swedish Prosecution Authority, Paris Saint, Liverpool, Athletic Bilbao, League, Atalanta Locations: Stockholm, Paris, Los

☆ Stocks making the biggest moves midday: ServiceTitan, Adobe, Warner Bros. Discovery, Riot Platforms and more
▼ + stars: | 2024-12-12 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Adobe — The software company tumbled more than 12% after it announced lighter-than-expected revenue estimates for the fiscal first quarter. Discovery — Shares surged 15% after the legacy media company announced plans to restructure and split its business into linear and streaming segments. Constellation Energy — The energy company advanced 3% following an upgrade to buy from Bank of America, with the firm citing rising demand and tightening supply as catalysts for shares moving forward. Celsius Holdings — The energy drink maker surged 5% after JPMorgan initiated coverage at an overweight rating. ServiceTitan – Shares of the cloud software company surged more than 40% as ServiceTitan made its debut on the Nasdaq.

Persons: Adobe, Wells, Hershey, Keurig Dr Pepper, Steve Powers, FactSet, clawing, Prashanth Mahendra, Rajah, Uber, ServiceTitan, Alex Harring, Hakyung Kim, Sarah Min, Jesse Pound, Tanaya Macheel Organizations: Adobe, Warner Bros, —, Constellation Energy, Bank of America, JPMorgan, Hershey, Beverage, Cola, PepsiCo, Keurig, Deutsche Bank, Oxford Industries —, Oxford, Street Journal, Technologies, Barclays, Nasdaq

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