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☆ Half of households in New York City don't make the $100,000 or more needed to afford living there
▼ + stars: | 2023-04-26 | by ( Eliza Relman | Madison Hoff | ) www.businessinsider.com time to read: +3 min

New York City is experiencing a rapidly worsening affordability crisis, according to a major new report. Half of all of New York City's working-age households can't afford their basic needs, the study found. Households in all parts of the city need to make at least $100,000 to afford the cost of living, according to the TCL. New York City has failed to build enough affordable housing and keep costs reasonable for its diverse array of residents, experts say. And city's worsening affordability crisis is driving some out.

☆ The creepy secret behind online therapy
▼ + stars: | 2023-04-20 | by ( Tanmoy Goswami | ) www.businessinsider.com time to read: +16 min

Crisis Text Line, now in its 10th year of operations, uses artificial intelligence to respond to people experiencing emotional abuse, self-harm, and suicidal thoughts. 'The vast majority of mental-health apps are exceptionally creepy'BetterHelp, a poster child of online therapy founded in 2013, calls itself "the world's largest therapy platform" and says it has over 2 million users. One of the first popular mental-health apps, PTSD Coach, was launched by the US Department of Veteran Affairs in 2011. But for mental-health companies these practices can undermine the very foundations of mental-health care: dignity, trust, and psychological safety. As Crisis Text Line wrote on its website extolling its deal with Loris: "Why sell T-shirts when you can sell what your organization does best?"

☆ You may have about 2 more months left to let your mom, brother, or anyone else outside your home use your Netflix login for free
▼ + stars: | 2023-04-18 | by ( Pete Syme | Samantha Delouya | ) www.businessinsider.com time to read: +3 min

Netflix announced it planned to start rolling out paid account sharing later this quarter. The company has already cracked down on password sharing in Canada and some European and Latin American countries. You may have less than 2 months left to share your Netflix password with people outside your home before the company starts charging for the privilege. That means that by the end of June, you may be unable to give out your Netflix password for free. The streaming giant said account sharing affected over 100 million households, which "undermines our long-term ability to invest in and improve Netflix."

☆ Some travel is 'off the charts' expensive, experts say. Here are 3 ways to cut some costs
▼ + stars: | 2023-04-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +7 min

D3sign | Moment | Getty ImagesInternational travel costs have hit record highsThe Eiffel Tower and Seine River at sunrise in Paris. The so-called "revenge travel" dynamic has helped to push up prices, perhaps most acutely for travel abroad. These are record-high prices, Berg said. People should be prepared not just for a busy travel season, but an expensive travel season. Sally French travel expert at NerdWalletThis summer is expected to be the busiest on record for international travel, the U.S. State Department said in March.

☆ Paper airplane designed by Boeing engineers breaks world distance record
▼ + stars: | 2023-04-14 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +6 min

The engineers had to pay careful attention to the numerous rules and guidelines set forth by the Guinness World Record Team. I didn’t think we could get useful data from a simulation on a paper airplane. The Guinness paper plane record for duration of flight is currently 29.2 seconds. From origami enthusiasts to aerospace engineersRuble and Jensen began their paper plane engineering careers while in middle school, participating in paper airplane events held at Boeing. For those looking to create their own record-breaking paper plane design, the feat is not impossible, but may take some time (and skill).

How to earn American Airlines milesThere are myriad means of earning American Airlines AAdvantage miles. American Airlines AAdvantage® MileUp®While not as lucrative as some of the other available American Airlines credit cards, at least the American Airlines AAdvantage® MileUp® doesn't charge an annual fee. Earn miles flying American Airlines and boost your earning with elite statusAside from using co-branded credit cards, one of the best ways to earn American Airlines miles is to actually fly the airline and its partners. Earn miles flying American Airlines' partnersYou can also earn American Airlines miles on over a dozen airline partners. The best ways to redeem American Airlines milesAs with earning American Airlines miles, there are plenty of ways to use AAdvantage miles when the time comes.

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☆ Premarket stocks: These are the only stocks that matter right now
▼ + stars: | 2023-04-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Leading the way in growth are tech stocks like Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN), Tesla (TSLA) and Meta (FB). That’s been a boon to large cap tech stocks that are more sensitive to interest rates because they tend to borrow more than established companies and rely more on the prospect of future earnings. But it also means that the current market rally is thin, as the major indexes outperform the average stock. Strong outperformance from the largest stocks often power indexes to rise, said Liz Ann Sonders, chief investment strategist at Schwab, in a note Tuesday. But healthy markets should be characterized by greater participation of the “soldiers” — the rest of the stocks, she said.

☆ New data shows who's winning and losing as companies like UPS, FedEx, and Amazon battle for fewer e-commerce packages
▼ + stars: | 2023-03-27 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

New data from Pitney Bowes shows Amazon was the only major carrier that didn't see a drop in 2022. In 2022, delivery companies shipped 21.2 billion packages — 2.2% less than in 2021 but more than 37% higher than 2019. When retailers have less package volume to spread around, the big guys get persuasive with their discounts, Ramachandran said. But in terms of package volume, it was the only major carrier to hold its 2021 package volume in 2022. Like UPS and FedEx, Amazon may also strategically choose not to grow package volume, but not by turning down customers.

☆ Schumer pushes National Transportation Safety Board to expand rail safety probe beyond Norfolk Southern
▼ + stars: | 2023-03-15 | by ( ) www.cnbc.com time to read: +3 min

Senate Majority Leader Chuck Schumer, D-N.Y., on Wednesday urged the National Transportation Safety Board to broaden its rail safety investigation beyond Norfolk Southern to other large rail companies after last month's derailment in East Palestine, Ohio. Hours before Norfolk Southern CEO Alan Shaw appeared at a congressional hearing last week about the Ohio derailment, another of the company's trains derailed in Calhoun County, Alabama. It was the third derailment involving Norfolk Southern since last month. They can tell us how many fatalities there were — 2,768 — but not why or if company policies could have prevented them." The Ohio Attorney General's office on Tuesday sued Norfolk Southern in federal court, alleging it was negligent for causing the derailment.

☆ N.C.A.A. Bracket Picks: Where Fans and Experts Diverge
▼ + stars: | 2023-03-15 | by ( Josh Katz | Alice Fang | ) www.nytimes.com time to read: +8 min

One avenue is examining the differences between the forecasts of mathematical models and the collective choices of fans. For example, fans are much more likely to have Kansas and Alabama in the Final Four than the experts. The table below shows an aggregate view of the difference between the public’s picks and those of forecasting models. But if you pick the same teams as everyone else, your bracket will look the same, too, something you should consider. There is no guarantee that this approach will work, of course, and part of the draw of the N.C.A.A.

☆ London's 'The Holme' is the world's most expensive home for sale with a reported asking price around $300 million
▼ + stars: | 2023-03-05 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

"The Holme," a 205-year-old mansion in Regent's Park in London, is reportedly for sale. The agents handling the sale are reportedly asking for up to 250 million British pounds, about $300 million. If it reaches the reported asking price, the property would become the most expensive ever sold in the United Kingdom. Another massive mansion held the previous UK record — 2-8 Rutland Gate, which overlooks London's Hyde Park was sold in 2020 for £210 million, or $232 million. An 1820s sketch of The Holme in Regent's Park, which is currently for sale for an estimated $300 million.

☆ A day in the life of a delivery driver in NYC working 10-hour shifts and covering 100+ miles
▼ + stars: | 2023-02-24 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

Native New Yorker Andy Zhicay makes deliveries for the same-day and next-day courier called MetroSpeedy. On any given day, he makes hundreds of deliveries in New York's boroughs, Long Island, or Connecticut. Zhicay says his detailed knowledge of the city makes him good at his job. On a long shift through multiple New York City boroughs and the areas outside, a driver can easily cover 100 miles. "It takes me to spots I would never go without the job," Zhicay said.

☆ Here are the US cities where home prices are actually falling
▼ + stars: | 2023-02-19 | by ( Anna Bahney | ) edition.cnn.com time to read: +7 min

San Jose, California, was the most expensive place to purchase a home in the United States in the fourth quarter. Prices for San Francisco homes are already down 21% in the fourth quarter from the peak median price of $1,550,000 in the second quarter. Among the most expensive cities that saw prices falling are Anaheim, California, with the median price of $1,132,000, down 1.6% from a year ago; Los Angeles, with the median price of $829,100, down 1.3%; and Boulder, Colorado, with the median price of $759,500, down 2.0%. Other places with falling prices saw the big price increases during the frenzied home buying market of the past few years. Instead, prices for single-family homes climbed in nearly 90% of metro areas tracked by NAR in the fourth quarter: 166 markets out of 186 saw prices still going up.

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). ShutterstockThe Capital One SavorOne Student Cash Rewards Credit Card is targeted toward college students with limited credit history. If you're a student, the Capital One SavorOne Student Cash Rewards Credit Card has four big benefits that make it the ultimate spring break credit card. Read our review Read Our Review A looong arrow, pointing rightAs its name suggests, the Capital One SavorOne Student Cash Rewards Credit Card is a student credit card. The Capital One SavorOne Student Cash Rewards Credit Card comes with a free Uber One membership which is valid through November 14, 2024.

☆ Household debt, credit card balances and delinquencies all rose last quarter
▼ + stars: | 2023-02-16 | by ( Alicia Wallace | ) edition.cnn.com time to read: +1 min

Minneapolis CNN —Americans continued to add to their debt at the end of last year — and grew their credit card balances at record rates, according to data released Thursday by the Federal Reserve Bank of New York. Total US household debt hit $16.9 trillion during the fourth quarter, an increase of $394 billion, or 2.4%, from the prior three-month period, according to the Fed’s latest Quarterly Report on Household Debt and Credit. While the lion’s share of the debt is attributable to mortgages, the report showed that not only are credit card balances swelling at record levels, delinquencies are on the rise as well. Credit card balances increased nearly 6.6% to $986 billion during the quarter, the highest quarterly growth on record, according to New York Fed data that goes back to 1999. And as debt is growing, Americans are having more trouble meeting payment obligations: The share of current debt becoming delinquent increased across nearly all debt types, with credit cards and auto loans showing delinquency transparency rates of 0.6 and 0.4 percentage points, respectively.

How to earn Southwest pointsCompare Southwest credit cards Southwest Rapid Rewards® Plus Credit CardSouthwest Rapid Rewards® Premier Credit CardSouthwest Rapid Rewards® Priority Credit CardSouthwest® Rapid Rewards® Premier Business Credit CardSouthwest® Rapid Rewards® Performance Business Credit Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Transfer points from Diners Club or hotel loyalty programsDiners Club members can also transfer Club Rewards points to Southwest — 1,500 Club Rewards points, for instance, would convert to 1,200 Southwest points. It's also possible to redeem points earned through participating hotel loyalty programs if you'd rather put them toward flights than hotel stays, though redemption rates are pretty low:5,000 Best Western Rewards points = 1,200 Southwest points6,000 Choice Privileges points = 1,800 Southwest points2,000 Radisson Rewards America points = 200 Southwest points50,000 Radisson Rewards America points = 5,000 Southwest points100,000 Radisson Rewards America points = 10,000 Southwest points9,000 Marriott Bonvoy points = 3,000 Southwest points30,000 Marriott Bonvoy points = 10,000 Southwest points60,000 Marriott Bonvoy points = 20,000 Southwest points90,000 Marriott Bonvoy points = 30,000 Southwest points120,000 Marriott Bonvoy points = 40,000 Southwest points5,000 World of Hyatt points = 2,400 Southwest points50,000 World of Hyatt points = 24,000 Southwest pointsNote that World of Hyatt throws in an additional 6,000 Southwest points as long as you're a member, while Marriott Bonvoy adds 5,000 Southwest points for every 60,000 Marriott points transferred. For instance, a $220 Business Select fare would yield 2,640 Southwest points, while a $200 Anytime ticket would yield 2,000 Southwest points, and a $100 Wanna Get Away ticket would yield 600 Southwest points. Earn Southwest points by taking online surveysYou can earn points by taking online surveys through E-Rewards — $15 worth of E-Rewards yields 300 Southwest points, $25 worth of E-Rewards yields 600 Southwest points, $50 worth of E-Rewards yields 1,200 Southwest points, and $100 worth of E-Rewards yields 2,400 Southwest points.

☆ Aviation's best bet for cutting emissions is a new kind of fuel — but there's nowhere near enough of it
▼ + stars: | 2023-01-27 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +4 min

Sustainable aviation fuel can be up to 80% less carbon intensive than conventional jet fuel. The US wants 3 billion gallons of sustainable aviation fuel by 2030. Sustainable aviation fuel, or SAF, is similar to conventional jet fuel, but it's much less carbon-intensive during its full lifecycle. From production to combustion, it releases up to 80% less carbon dioxide than conventional jet fuel, according to data from the International Air Transport Association. "There are very few that have seen the vision" of converting to SAF production.

If everyone in the world expertly utilized credit card rewards to travel for free, there wouldn't be such amazing travel opportunities out there. Identify your travel goalsBefore you begin collecting credit card rewards, you should first identify your travel goals. Amex Membership Rewards points Capital One miles Chase Ultimate Rewards points Choice Privileges points Citi ThankYou points Hilton Honors points Hyatt points IHG Rewards points Marriott Bonvoy points Wyndham Rewards pointsYou travel with a large family Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Recommended credit card strategies for beginnersThe best practice for anyone new to credit card rewards is to invest in flexible points. You'll need: An annual fee-incurring Hilton credit card One of the greatest deals in credit card rewards is the free night certificate that comes with select American Express Hilton credit cards.

☆ Microsoft investigating Teams and Outlook outages as thousands of users report issues
▼ + stars: | 2023-01-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

The Microsoft logo is seen at the Microsoft store in New York City. Microsoft said it is investigating issues with several of its products, including Teams and Outlook. The U.S. technology giant said that users may not be able to access multiple Microsoft 365 services. Downdetector, a service where people can log problems and outages with websites and apps, saw a spike in users reporting issues with Microsoft products, including Outlook, Teams and the company's cloud product Azure, at around 3 a.m. But the company saw a slowdown in revenue from cloud computing products, including Azure, and gave gloomy guidance for the current quarter.

☆ Premarket stocks: Tech earnings could wreck Wall Street's party
▼ + stars: | 2023-01-24 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Big Tech earnings are here, and investors are hoping they don’t wreck the good vibes on Wall Street. Three giant tech earnings reports this week — Microsoft (MSFT), Tesla (TSLA)and Intel (INTC) — could change that. In the year-ago quarter, earnings were $2.48 per share on $51.73 billion in revenue. Still, Wall Street expects Tesla’s earnings to grow, if not at the explosive pace of the past few years. Analysts at Goldman Sachs predict that tech growth will slow to 9% between 2021 and 2024 while the sales growth of the overall S&P 500 reaches 7%.

☆ Premarket stocks: How investors are preparing for a debt ceiling standoff
▼ + stars: | 2023-01-19 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Now, aggressive tightening by the Federal Reserve and large spending packages have helped bring that ceiling into play once again. But Washington is at an impasse over whether or not to raise the debt limit: The White House expects Congress to pass a debt ceiling increase without conditions while Republicans say that any increase should be accompanied by spending cuts. Esther George says goodbye to the FedMost Americans dream of retiring by 65, but at the Federal Reserve it’s required. The Federal Reserve Bank of Kansas City president Esther George turned 65 this weekend, triggering her mandated retirement. “Today, the U.S. is again experiencing high inflation and the Federal Reserve is aggressively tightening monetary policy.

☆ Billionaires are collectively adding $2.7 billion to their fortunes daily — and their growing share of wealth shows trickle-down doesn't work
▼ + stars: | 2023-01-16 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +5 min

A new report from Oxfam looks at how much wealth billionaires have accumulated. The report finds billionaires are collectively adding $2.7 billion to their fortunes daily, as inflation eats up workers' wages. As top tax rates fell, billionaire wealth grew — and Oxfam says wealth taxes are one solution. That's based on the difference between billionaires' wealth from March 18, 2020, adjusted for inflation, and November 30, 2022. However, while wealth taxes are popular, they're unlikely to ever advance in the US.

☆ Prominent political columnist gets confused about basis points—here's everything you need to know
▼ + stars: | 2023-01-13 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

More surprising was that Yglesias seemingly hadn't looked up what basis points are. "A 'basis point' is just a percentage point. It has the exact same meaning and takes up the same number of words and I have no idea why finance guys like to say 'basis point' instead. Sometimes they shorten it to 'bips' because too many people have gotten wise to the basis points," read a footnote in the original post. A basis point is not a percentage point.

"At this time, we do not believe the cause is related to the FAA outage experienced earlier today." Share this -Link copiedNearly half of Southwest flights delayed just weeks after mass cancellations Nearly half of Southwest Airlines flights were delayed as of about 11:15 a.m. Share this -Link copiedMore than 540 Delta flights delayed, 14 canceled More than 540 Delta flights were delayed as of 9:13 a.m. ET, the airline had three flights canceled and 208 flights delayed, amounting to 21% of its overall flights, according to FlightAware. Alaska Airlines had 11 flights canceled and 149 flights delayed, also amounting to 21% of its overall flights, FlightAware noted as of 8:53 a.m.

2022 is the second year of a long journey to pay off my student loans and credit card debt. I also made a payment plan with credit card companies to stop my debt from accruing compound interest. I racked up over $20,000 of credit card debt, then rage-quit my job without a backup plan. Before the refinance, from January 2022 to July 2022, the minimum payment on my private student loans was $670. Here are the three crucial steps I took to pay down nearly $11,000 worth of debt in one year.

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