DIRS.INFO The most relevant business & tech news

☆ 75% of Americans who moved last year have regrets—here's the No. 1 reason why
▼ + stars: | 2023-03-11 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

Three out of four Americans say they had regrets about relocating last year, according to a recent survey by Home Bay , a real estate brokerage. Of those that moved, 65% said they felt positive emotions like excitement and relief. The top reasons Americans moved in 2022 were to improve their quality of life (24%), live in a cheaper area (23%), and get a bigger place (22%), according to the survey. Some of the regrets — like picking the wrong moving company — reflect the stress of the move itself, which is temporary. 1 best piece of advice for regular investors, do's and don'ts, and three key investing principles into a clear and simple guidebook.

So You Want to Turn an Office Building Into a Home? There’s an appealing simplicity to the idea of converting office buildings into housing. Basically, they did this:How to Turn a 26-story Office Building Into a 30-story Apartment Building Cut a hole through 23 floors of the building. How to Turn a 26-story Office Building Into a 30-story Apartment Building Cut a hole through 23 floors of the building. That could change with tax abatements and subsidy programs, or if outdated office buildings lose so much value that the cost of acquiring them plummets.

☆ A major inflation report and fallout from Silicon Valley Bank hang over markets in week ahead
▼ + stars: | 2023-03-10 | by ( Patti Domm | In | ) www.cnbc.com time to read: +7 min

February's consumer inflation report should be a big driver for markets in the week ahead, as investors watch for continued fallout from the shutdown of SVB Financial Group's Silicon Valley Bank. The consumer price index report on Tuesday is the last major inflation data ahead of the Federal Reserve's March 21 and 22 meeting. Silicon Valley Bank's troubles overshadowed nearly everything else in markets Thursday and Friday, as investors sought safety in the bond market and sold bank stocks. Those odds had been as high as 70% before the Silicon Valley Bank news began to hit the market. Now inflation data is being watched carefully since a very hot number could mean the Fed will become more aggressive.

☆ Empire State Realty CEO: We offer buildings with amenities at a price point tenants really want
▼ + stars: | 2023-03-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEmpire State Realty CEO: We offer buildings with amenities at a price point tenants really wantAnthony Malkin, Empire State Realty Trust CEO, joins 'The Exchange' to discuss office space real estate and REITs.

☆ Here are Wednesday's biggest analyst calls: Apple, Procter & Gamble, Tesla, Spotify, AbbVie & more
▼ + stars: | 2023-03-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Morgan Stanley upgrades Sarepta to overweight from equal weight Morgan Stanley said it's bullish on the company's gene therapy drug, SRP-9001. Morgan Stanley reiterates Rivian as overweight Morgan Stanley said it's standing by its overweight rating on the EV maker after its earnings report on Tuesday, but says it's now a show-me story. Morgan Stanley reiterates Eli Lilly as top pick Morgan Stanley said the stock is best-in-class and that it's bullish on its diabetes drug, Mounjaro. Morgan Stanley names JD.com a catalyst driven idea Morgan Stanley said it's bullish heading into the China e-commerce company's earnings on March 9. Morgan Stanley reiterates Microsoft as overweight Morgan Stanley said it's standing by shares of Microsoft.

Organizations: ~$

☆ Nikki Haley heads to fundraiser hosted by Wall Street executives
▼ + stars: | 2023-02-24 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

Nikki Haley, a Republican who jumped into the 2024 presidential race this month, is set to attend a fundraising event for her campaign hosted by Wall Street executives in New York on Tuesday, according to an invitation first reviewed by CNBC. The Tuesday fundraiser for Haley's campaign is one of her first trips to New York as a candidate for president. Morning Consult's GOP primary tracker shows Haley has 6% of support from potential Republican voters. Former President Donald Trump garners support from about 50% of GOP primary voters, according to Morning Consult. Finance executives have played key fundraising roles for political campaigns of both parties for well over a decade.

☆ Democrats target New York in 2024 battle for the House
▼ + stars: | 2023-02-23 | by ( Bridget Bowman | Bridget Bowman Is A Deputy Editor For Nbc'S Political Unit. | ) www.nbcnews.com time to read: +2 min

Democrats are in a New York state of mind when it comes to the battle for the House, with outside groups signaling this week that they'll be targeting freshman New York Republicans in competitive seats. On Wednesday House Majority PAC, the main Democratic super PAC that spends in House races, announced it would spend $45 million in New York. The group's non-profit arm, House Majority Forward, announced Thursday that it is launching a "six-figure" digital ad and billboard campaign in more than a dozen House districts, including all six New York seats, targeting Republicans on their plans to cut Social Security and Medicare. Also on Wednesday, EMILY'S List, which backs female candidates who support abortion rights, announced it is targeting 10 House Republicans, including the six freshmen from New York. They flipped four House seats there.

"We withstand all threats, shelling, cluster bombs, cruise missiles, kamikaze drones, blackouts and cold ... And we will do everything to gain victory this year." "Ukraine will never be a victory for Russia. REUTERS/Valentyn Ogirenko 1 2 3 4 5Igor, walking through Moscow, said Russia must win: "We're looking forward to it ending successfully. Despite strong support for Ukraine in the West, big developing nations, above all China and India, have kept clear of imposing sanctions on Moscow. Learn more about the Ukraine war.

☆ Long Island Republican warns of 'suburban uprising' over New York Gov. Kathy Hochul's plan to rezone land to allow greater density for affordable housing
▼ + stars: | 2023-02-11 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

A Long Island Republican warned of a "suburban uprising" over Gov. Bruce Blakeman said that Hochul's plan would trample over the autonomy of local communities. For generations, Long Island was a GOP bastion, filled with fiscally and socially conservative voters from across the political spectrum. Hochul's proposal would push for more multifamily housing developments near Long Island Rail Road stations. Still, her plan remains a tough sell for other Long Island politicians.

With a majority of S & P 500 companies having posted their quarterly results, investors' focus will turn toward inflation and the consumer price index reading in the upcoming week. The three major indexes are on pace to end the week down, with the S & P 500 poised to post its worst performance since December. Sharp declines for Alphabet , which is off by more than 9% this week, dragged the tech-heavy index. January's consumer price index With the latest Powell speech in the books, investors are now looking ahead to the consumer price index for insight into the pace of inflation. "Retail sales and CPI is really driven by the consumer, and a lot of eyes are on how the consumer doing," Bruno said.

☆ The Empire State Building Turned Green for the Eagles. Then the Backlash Ensued.
▼ + stars: | 2023-01-30 | by ( Jennifer Calfas | Ginger Adams Otis | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/the-empire-state-building-turned-green-for-the-eagles-then-the-backlash-ensued-11675105238

☆ An ex-McKinsey consultant shares 5 myths about management-consulting interviews — and what to prepare for instead
▼ + stars: | 2023-01-27 | by ( Hendrikje Rudnick | Nathan Rennolds | Business Insider Deutschland | ) www.businessinsider.com time to read: +4 min

An ex-McKinsey consultant listed five common myths about management-consulting interviews. Top management-consulting firms such as McKinsey & Company, Boston Consulting Group, and Bain & Company, known collectively as MBB, are notorious for their challenging interviews. Interviewers are trained to refrain from asking such things," Koné said. Instead, you'll face a series of case-study interviews where the interviewer will give you a problem from a previous project, he continued. "If you depend on specific knowledge to solve problems, you'll struggle when you have to tackle problems that take you out of your comfort zone.

☆ The GOP tackles one of the worst midterm election performance in decades by voting to change nothing at the RNC
▼ + stars: | 2023-01-27 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

AnalysisRonna McDaniel won a fourth term as chair of the Republican National Committee. McDaniel won with 111 votes. On average, the party that doesn't control the White House has picked up between 30 to 25 House seats, as shown by The Washington Post. Going by historical average performance, Democrats should have lost four US Senate seats. The GOP kicked out the sitting chair of the House Democrats' campaign arm, and Republicans also flipped four House seats in the Empire State.

☆ GOP Rep. George Santos should resign from Congress, New York state voters say in new poll
▼ + stars: | 2023-01-23 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Scandal-plagued Republican Rep. George Santos should resign from Congress, voters from his own state of New York said overwhelmingly in a new poll released Monday. Some 59% of registered Empire State voters say Santos, who admitted he lied and is facing multiple investigations, should resign, according to the latest survey by the Siena College Research Institute. The poll of 821 New York state registered voters, conducted between Jan. 15-19, has a margin of error of 4.3 percentage points. House Speaker Kevin McCarthy, R-Calif., and other top Republicans have declined to join calls for Santos to resign. If Santos were to leave office, it would likely trigger a competitive special election in New York for his seat.

☆ A former Long Island GOP congressman says the 'lack of trust' in embattled Rep. George Santos is a 'prescription for disaster'
▼ + stars: | 2023-01-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Former Rep. Peter King in a New York Times op-ed questioned the effectiveness of George Santos. How do committee members sit still for this guy in their midst?" "Except perhaps for a few ineffective congressional outliers, I can't imagine a member of either party working or cooperating with Mr. Santos," the former congressman wrote. "And when you don't have that, you're just faking your way through the workday — something Mr. Santos is apparently pretty good at." "As long as Mr. Santos remains in Congress, he is dead man walking and will be unable to get anything done for his constituents.

☆ New York state manufacturing collapses, monthly survey finds
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, Jan 17 (Reuters) - The New York Federal Reserve said on Tuesday its barometer on business activity in New York state fell in January to the lowest level since mid-2020 as orders plunged and employment growth stalled. The regional Fed's "Empire State" index on current business conditions plummeted to -32.9 this month from -11.2 in December. That was lowest level since mid-2020 and the fifth worst reading in the survey's history. A reading below zero signals the New York manufacturing sector is contracting. Inventories rose, while employment growth stalled and the average workweek shortened.

☆ US stocks close mixed as Dow dives nearly 400 points on weak Goldman Sachs earnings
▼ + stars: | 2023-01-17 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Goldman Sachs missed fourth-quarter estimates, while Morgan Stanley exceeded expectations. The New York Fed's Empire State Manufacturing Index declined nearly 22 points to -32.9, the lowest reading in nearly two years. Goldman Sachs contributed most to the market's sour sentiment, with the firm missing fourth-quarter expectations and weighing heavily on the Dow. Morgan Stanley reported better-than-expected earnings. Early Tuesday, the New York Fed's Empire State Manufacturing Index declined nearly 22 points to -32.9, the lowest reading in nearly two years.

☆ Corporate profit reports in the week ahead could show whether there's an 'earnings recession'
▼ + stars: | 2023-01-13 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Investors in the week ahead will focus on how much inflation and the slowing economy have chiseled away at corporate profits, as companies including Goldman Sachs , Netflix and Procter & Gamble report earnings. "This is going to be the start of the clock ticking on an earnings recession," said Amanda Agati, chief investment officer of PNC Asset Management Group. Economic recession talk heats up "There's never been a recession without an earnings recession since World War II," Agati said. Art Hogan, chief market strategist at B. Riley Financial, said this coming earnings week could be an important step towards assessing the health of corporate balance sheets. Week ahead calendar Monday Martin Luther King Jr. Day Markets closed Tuesday Earnings: Goldman Sachs , Morgan Stanley , Citizens Financial, United Airlines, Interactive Brokers 8:30 a.m.

FAA officials said a preliminary review traced the outage to a damaged database file, but added there was no evidence of a cyberattack and the investigation was continuing. FAA officials said they were working to "further pinpoint the causes" so the problem can be avoided in the future. One issue airlines are facing is trying to get planes in and out of crowded gates, which is causing further delays. He described confusion as airline employees and many passengers were initially unaware of the FAA's moves and flight delays. The U.S. Travel Association, which represents the travel industry including airlines, called the FAA system failure "catastrophic."

☆ The 7 cities you 'must visit before you die,' according to 50 travel experts—only one is in the U.S.
▼ + stars: | 2023-01-11 | by ( Sharael Kolberg | ) www.cnbc.com time to read: +6 min

As travel journalist of over 20 years, I recently interviewed more than 50 travel enthusiasts, experts and agents. New York City, U.S.Jonathan de Araujo, owner of The Vacationeer Travel Agency, calls the Big Apple "a city of superlatives." Just a short walk from the 9/11 Museum, New York City tourists can take a ferry to visit the Statue of Liberty. "It's now as much a part of New York City history as the Statue of Liberty," he says. Cape Town, South AfricaTom Marchant, founder of luxury travel company Black Tomato, calls Cape Town "the perfect destination for thrill seekers."

☆ A wee cottage perched on top of a New York rooftop is for sale for $2.5 million — take a look inside
▼ + stars: | 2023-01-07 | by ( Robert Davis | ) www.businessinsider.com time to read: +1 min

Hershkowitz said in the listing that the 'crown jewel' of this rooftop cottage is its multilevel terrace. Kristina Crane with Evan Joseph StudiosRooftop cottages in New York come in various styles, from chalets to cape cod and even a lighthouse. Some of New York's rooftop cottages are architectural gems. For instance, there is a rooftop property in the West Village that comes with its own meadow, according to StreetEasy. There's also a penthouse on East 36th Street where the owner can see the Empire State Building from their bedroom window, the New York Post reported in 2017.

☆ New York Gov. Kathy Hochul Says Her Focus Is on Crime and Housing—With Less Brashness in Albany
▼ + stars: | 2023-01-05 | by ( Jimmy Vielkind | ) www.wsj.com time to read: 1 min

ALBANY, N.Y.—New York Gov. Kathy Hochul enters her first full-term facing an uncertain economy, elevated crime and a dire housing crunch. Ms. Hochul, a Democrat, was inaugurated Sunday as the first woman elected governor of the Empire State. The former lieutenant governor first assumed the office in 2021 following former Gov. Andrew Cuomo ‘s resignation, which came amid a sexual-harassment scandal.

☆ The president of a real-estate firm shares her predictions for mortgage rates in 2023, price corrections by region, and the type of properties that will be most in demand
▼ + stars: | 2023-01-04 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

Mortgage rates more than doubled from where they were in January 2021. Mortgage rates more than doubled from where they were in January 2021 when the 30-year fixed rate hit a record low of 2.65%. Suzanne Miller, the founder and CEO of Empire State Properties, says today's mortgage rate doesn't alarm her. She estimates that mortgage rates may settle at around 7% this year. Eventually, they will also jump back into the market once they acclimate to the new normal in mortgage rates.

☆ The Tom Brady of Other Jobs
▼ + stars: | 2022-12-24 | by ( Francesca Paris | ) www.nytimes.com time to read: +17 min

Meet them, and decide for yourself:The Tom Brady of Paramedics Jesse Izaguirre, 70Gardena, Calif.Jesse Izaguirre loves working with younger paramedics. Hopefully never.”The Tom Brady of Bakers Helen Fletcher, 83Clayton, Mo. Chalk it up to a great big fib.”The Tom Brady of Artists Lilian Thomas Burwell, 95Highland Beach, Md. “I should’ve signed them.”The Tom Brady of Biologists Maria Elena Zavala, 72Los AngelesProfessional longevity runs in Maria Elena Zavala’s family. It didn’t vanish when they crossed the border.”The Tom Brady of Loggers Earl Pollock, 82Hamburg, Ark.

☆ Morning Bid: Hanging tough
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +4 min

As the world's major central banks turned the interest rate screw this week and insisted on more tightening ahead, their economies showed more signs of buckling under the pressure. And while markets lurched lower on the potentially toxic combination of a higher peak for interest rates into a looming recession, there are reasonable questions over whether the central banks will act as tough as they are talking. U.S. manufacturing declined 0.6% last month and reports from the New York and Philadelphia Federal Reserve's showed business conditions in their regions remaining depressed in December. Even though after Wall St stocks plunged 2-3% on Thursday, futures remained deep in the red ahead of Friday's open. Led by the jump in euro zone sovereign borrowing rates after the ECB rethink, bond yields were higher across the board.

Search resuls for: "Empire State"

25 mentions found