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☆ These 10 metro areas are the most 'rent burdened' in the U.S. — New York City comes in at No. 1
▼ + stars: | 2023-02-08 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

New York is the most rent-burdened metro area in the U.S., according to a new report from Moody's Analytics. A household with the median income in the Big Apple would need to pay nearly 69% of earnings to rent the averaged-priced apartment there, the research division of the rating agency found. Families who direct 30% or more of their income to housing typically are considered "rent burdened" by the U.S. Department of Housing and Urban Development, and "may have difficulty affording necessities such as food, clothing, transportation and medical care." Rents can be disproportionately higher than incomes when "the location is highly desirable from a lifestyle or future income perspective," Chen and Le wrote in an email. "Both of these are true for a place like New York City."

☆ Newmont Proposes $17 Billion Takeover of Australia’s Newcrest Mining
▼ + stars: | 2023-02-05 | by ( Rhiannon Hoyle | ) www.wsj.com time to read: 1 min

Newmont, based in Colorado, is one of the world’s largest producers of gold. ADELAIDE, Australia— Newmont Corp. has made a roughly $17 billion offer to acquire Australia’s Newcrest Mining Ltd., aiming to seal one of the biggest deals for a global gold miner as the industry struggles to make large new discoveries of the precious metal. Newmont, based in Colorado and one of the world’s largest producers of gold, on Sunday submitted a conditional and nonbinding indicative proposal to acquire Newcrest, Australia’s largest listed gold producer. Newmont said it would offer 0.380 Newmont shares for each Newcrest share held, according to Newcrest.

☆ Tom Brady Retires: The Revised Edition
▼ + stars: | 2023-02-01 | by ( Ben Shpigel | ) www.nytimes.com time to read: +12 min

Tom Brady of the Tampa Bay Buccaneers is retiring from football. His seven Super Bowl titles are more than any single organization has won. He was twice foiled in the Super Bowl by the New York Giants. Brady racked up yardage but Tampa Bay fired its offensive coordinator, Byron Leftwich. Look again, though, at the piercing final play from that game: A 30-yard Rams field goal, the ball snapped from the Tampa Bay 12-yard line.

☆ How Charlie Javice's Frank Sale to JP Morgan Wound up in Allegations of Fraud
▼ + stars: | 2023-01-21 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +21 min

Her financial aid startup, Frank, was featured in the New York Times, CNBC and Wall Street Journal. After leaving the University of Pennsylvania's Wharton business school, Javice traded on her reputation, bolstered by glowing profiles, as a successful entrepreneur. In a 2018 interview with Insider, Javice claimed Frank secured an average of $28,000 for its users, and was helping students get "thousands off their tuition." "Charlie's first company fizzled after 18 months, so after losing all her investors' money, she convinced every one of them to fund her next company, Frank." At Frank, Javice admitted she sometimes painted a more positive picture of the company's health than was supported by the facts.

☆ The New York state pension fund overseer has asked Southwest Airlines to explain how it plans to prevent future operational catastrophes, like the one over the holiday season
▼ + stars: | 2023-01-10 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

The New York State comptroller pressed Southwest Airlines to explain how it plans to avoid another operational meltdown. The carrier canceled more than 16,700 flights between December 21 and 31, amid the holiday travel season. The New York state pension fund is one of the top-100 largest investors in Southwest. A spokesperson for the comptroller's office told WSJ it's waiting for a response from Southwest, but had no immediate plans for action. The New York State Comptroller office and Southwest Airlines did not immediately respond to Insider's requests for comment sent outside regular business hours.

☆ Happy New Year! In 2023 kick out Trump, Elon Musk, Kanye and Depp
▼ + stars: | 2023-01-01 | by ( Lynn Stuart Parramore | Lynn Stuart Parramore Is A Cultural Historian Who Studies The Intersection Of Culture | Psychology | ) www.nbcnews.com time to read: +9 min

Though in far different fields, men like Ye (formerly known as Kanye West), Elon Musk, Donald Trump, Johnny Depp and Sam Bankman-Fried will forever be linked by this ignominious characteristic. Over the past 12 interminable months, America has witnessed the rantings of Hitler-loving Ye; Musk’s edgelord trolling on his new plaything, Twitter; Depp and his toxic TikTok fanboys; and Trump being Trump on any given day. While seemingly not vain like Ye or Depp or openly thuggish like Trump and Musk, he nonetheless exhibits traits that point to something sinister behind the “just-a-regular-dude” persona. Trump seems to be losing ground, and Republicans on the House Judiciary Committee finally took down their “Kanye. Musk asked Twitter users whether he should step down as CEO, and they voted “yes.”Unfortunately, until we address roots causes, there will always be another blustering bully, another Trump, another Ye.

☆ North Korea's Kim orders 'exponential' expansion of nuke arsenal
▼ + stars: | 2023-01-01 | by ( ) www.cnbc.com time to read: +7 min

During the six-day meeting meant to determine new state objectives, Kim called for "an exponential increase of the country's nuclear arsenal" to mass produce battlefield tactical nuclear weapons targeting South Korea. They still reaffirmed that the door to dialogue with North Korea remains open, according to the South Korean Foreign Ministry. Worries about North Korea's nuclear program have grown since the North last year approved a new law that authorized the preemptive use of nuclear weapons in a broad range of situations and openly threatened to use its nuclear weapons first. Earlier Sunday, South Korea's military detected a short-range ballistic missile launched from the North's capital region. North Korea test-fired more than 70 missiles last year, including three short-range ballistic missiles detected by South Korea on Saturday.

☆ The most—and least—expensive U.S. cities to spend New Year's Eve
▼ + stars: | 2022-12-30 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +2 min

But plenty of Americans instead choose to get dressed up, attend parties or travel in celebration of New Year's Eve. The majority of Americans (70%) plan to spend at least $50 on their New Year's Eve plans, WalletHub found. Still, Irvine, California, beats those cities as the most expensive place to spend New Year's Eve:Irvine, Calif. Miami New York Honolulu New Orleans Seattle Oakland, Calif. San Francisco Washington, D.C. Henderson, Nev. The survey found over 80 million Americans are planning to travel for New Year's Eve, with nearly half expecting to drive. While several of the best-rated cities also find themselves on the most expensive list, the least expensive cities aren't inherently less fun.

☆ Walmart will stop providing single-use plastic and paper bags in New York and Colorado in January, accelerating its sustainability push – but creating a new task for customers.
▼ + stars: | 2022-12-28 | by ( Ben Tobin | ) www.businessinsider.com time to read: +4 min

The single-use bag policy will go into effect on New Year's Day in Colorado and Jan. 18 in New York. In the states in which Walmart has or will be eliminating single-use bags, legislatures have already passed laws that ban single-use plastic bags and require retailers to charge a fee for, or outright ban, single-use paper bags. It's unclear if that includes eliminating single-use plastic bags at all stores. A Walmart spokesperson did not respond to questions on that goal and if Walmart would ban single-use bags in any other states in 2023. Do you live in Maine, Vermont, New Jersey, Colorado, or New York and have thoughts on Walmart's ban of single-use bags?

☆ The Biggest Debates and Opinions in 2022 - The New York Times
▼ + stars: | 2022-12-20 | by ( ) www.nytimes.com time to read: +30 min

Opinion The 22 Debates That Made Us Rage, Roll Our Eyes, and Change Our Minds in 2022Debating is what we do here at Times Opinion. To many, she was an icon: She ruled for 70 years, presided over the transition from empire to commonwealth and served as a living link to the generation that won World War II. (Though Ben Bernanke, a former Fed chairman himself, wrote in The Times that that wasn’t going to happen.) The United States and its European allies poured weapons and aid into Ukraine, but how was this going to end? As 2022 draws to a close, the fighting continues and peace talks look as distant as ever — which probably means that the debates will continue.

☆ New York bans pet stores from selling cats, dogs, rabbits
▼ + stars: | 2022-12-18 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

ALBANY, N.Y. — New York on Thursday became the latest state to ban the sale of cats, dogs and rabbits in pet stores in an attempt to target commercial breeding operations decried by critics as “puppy mills.”The new law, which was signed by Gov. While that law requires pet stores to work with animal shelters or rescue operations, like New York is doing now, it does not regulate sales by private breeders. In 2020, Maryland banned the sale of cats and dogs in pet stores, triggering pushback from shop owners and breeders who challenged the measure in court. We’re not going to survive this,” said Ortiz, who considers the ban unfair to stores that work with responsible breeders. “One pet store near me, they get dogs from all over the Midwest and different large facilities, and you have no idea where they come from and who the breeder is.

☆ Here's our November rapid-fire update on all 33 stocks in Cramer's Charitable trust portfolio
▼ + stars: | 2022-12-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. Estee Lauder (EL) — New Club members who want to start a position in the cosmetics giant could do so at these levels. We'd advise Club members do so the same, even if we still like the company's defensive nature. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Did That Hit Arrive in 2022 or 1987? This Year, It Was Hard to Tell.
▼ + stars: | 2022-12-14 | by ( Jon Caramanica | ) www.nytimes.com time to read: +12 min

Turns out it’s the same sample, a sleight of ear designed to trigger warm nostalgia, and also maybe a little confusion. Even its video is optimized for recognition, with Santana doing the same stomp Beyoncé does in hers, in an almost identical outfit. Throughout 2022, that gambit has been deployed again and again — by pop singers and rappers, established stars and newbies. Here, old songs — hip-hop classics, pop novelties and more — are scrunched and stretched sometimes to the point of absurdity. These songs are concessions that say the quiet part out loud — everyone has always been borrowing voraciously, from everyone else, constantly.

☆ Costco reports mixed quarter, but we see positive catalysts on the horizon
▼ + stars: | 2022-12-08 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

Margins Reported gross margins fell 45 basis points year-over-year, and 21 basis points excluding gas inflation. Core merchandise margins fell 52 basis points on a reported basis, and 31 basis points excluding gas inflation. Ancillary and other businesses' margins increased 23 basis points on a reported basis, and 30 basis points excluding gas inflation. LIFO — last in, first out — margins increased 3 basis points on a reported basis, and 3 basis points excluding gas. Other margins — a catchall bucket — fell 17 basis points on a reported basis and 18 points excluding gas inflation.

☆ New York City seeks a 'bloodthirsty' rat czar: Ad for director of rodent mitigation job to fight serious, gnawing problem is ... actually pretty funny
▼ + stars: | 2022-12-01 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

New York City is hiring a "director of rodent mitigation" for a salary of between $120,000 and $170,000. Rat sightings are up 71% this year from 2020, according to data from the NYC Department of Sanitation. A rat is seen by a trash bin in New York City on October 19, 2022. Lokman Vural Elibol/Anadolu Agency via Getty ImagesWhile New York City has long been synonymous with rats, sightings have skyrocketed. Sanitation Commissioner Jessica Tisch made an anti-rat statement in November that went viral, and became the subject of countless memes, New York City marathon signs — and now a shirt.

One way to ease the blow to your wallet or purse is by using frequent-flyer miles. So we calculated how much a frequent-flyer mile is worth by dividing the number of frequent-flyer miles needed by the ticket price. We found the best time to spend your frequent-flyer miles for Thanksgiving travel was to book during the first week of October, which was about eight weeks out. The best day to flyAs for what's the best day on which to travel to get the most from your miles, there are two answers. If you haven't booked flights yet, you may be too late to find the best value in frequent-flyer miles.

☆ Voting age of 18 is discriminatory, New Zealand’s top court rules
▼ + stars: | 2022-11-21 | by ( ) www.nbcnews.com time to read: +1 min

WELLINGTON, New Zealand — New Zealand’s highest court ruled on Monday that the country’s current voting age of 18 was discriminatory, forcing Parliament to discuss whether it should be lowered. The Supreme Court found that the current voting age of 18 was inconsistent with the country’s Bill of Rights, which gives people a right to be free from age discrimination when they have reached 16. But it does not force Parliament to change the voting age. The Green Party wants immediate action to lower the voting age to 16, but the largest opposition party, the National Party, does not support the shift. “Obviously, we’ve got to draw a line somewhere,” said National Party leader Christopher Luxon.

☆ Which to Choose: Medicare or Medicare Advantage?
▼ + stars: | 2022-11-20 | by ( Paula Span | ) www.nytimes.com time to read: +13 min

Which to Choose: Medicare or Medicare Advantage? Medicare Advantage plans, like traditional Medicare, are funded by the federal government, but they are offered though private insurance companies, which receive a set payment for each enrollee. The proportion of eligible Medicare beneficiaries enrolled in Medicare Advantage plans has hit 48 percent. Which is better: Medicare or Medicare Advantage? Credit... Kenny Holston for The New York Times Unlike most Medicare Advantage plans, traditional Medicare does not include drug coverage.

WASHINGTON — New York Rep. Hakeem Jeffries, the fourth-ranking House Democrat, said Friday that he will run to replace House Speaker Nancy Pelosi as the party's leader after Republicans took back control of the chamber in last week’s midterm elections. The ascension of the 52-year-old Jeffries to minority leader would also represent generational change. Clark, 59, announced a bid for Democratic Whip, while Aguilar, 43, is running for Democratic Caucus Chair. Congressional Black Caucus Chair Joyce Beatty, D-Ohio, said Thursday she was confident that the powerful bloc of more than 50 Black lawmakers would line up behind Jeffries. “I’m very comfortable saying I believe that every member of the Congressional Black Caucus would vote for Hakeem Jeffries,” Beatty told reporters Thursday.

☆ British government to usher in new era of austerity in effort to restore market confidence
▼ + stars: | 2022-11-15 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

We're going to see spending cuts," Hunt told the BBC on Sunday, while also promising the government would deliver a new and more focused plan to help with household energy bills beyond April. First, an increase in council tax with local authorities allowed to raise the level of council tax above 3% without a referendum," Raja said. "And second, an increase in both the duration and scale of the windfall tax on oil and gas 'excess profits'." Spending cuts, again executed via "stealth," could take the form of "nominal cash freezes to departmental budgets," Raja said, with spending budgets topped up minimally going forward. "If he wants to reassure the markets, he will have to announce early action in the form of a big fiscal tightening.

☆ Chaos unchecked: A comprehensive timeline of Elon Musk's Twitter verification saga - for now
▼ + stars: | 2022-11-12 | by ( Bethany Biron | ) www.businessinsider.com time to read: +12 min

Elon Musk's revamped Twitter Blue launch has hit some major snags in the past week. The shenanigans surrounding the blue check (and subsequent gray check) has heads spinning among average Twitter users, major advertisers and big-name celebrities. Here's a look at everything that's happened with Twitter Blue in the past week and the murky state of verification on the platform. Musk's new verification model was designed to become part of Twitter's existing Twitter Blue feature, a $4.99 monthly subscription offering premium services. He also said that Twitter is adding a "parody subscript," because "tricking people is not ok."It is unclear when and how Twitter Blue may be reinstated.

Share this -Link copiedWisconsin Senate race too close to call Wisconsin's Senate race between GOP Sen. Ron Johnson and Democrat Mandela Barnes is too close to call, NBC News says. Vance wins Ohio Senate race, defeating Democrat Tim Ryan, NBC News projects COLUMBUS, Ohio — J.D. Ohio Republican Senate candidate J.D. Vance is leading The Senate race in Ohio is too early to call, NBC News says, but Republican candidate J.D. Share this -Link copiedGeorgia Senate race too close to call Georgia's Senate race is too close to call about three hours after polls closed at 7 p.m.

☆ Democratic Sen. Maggie Hassan defeats Republican Don Bolduc in New Hampshire, NBC News projects
▼ + stars: | 2022-11-09 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +2 min

WASHINGTON — New Hampshire Democratic Sen. Maggie Hassan won re-election Tuesday, NBC News projects, defeating Republican Don Bolduc and keeping a critical seat in Democratic hands. While the race attracted less attention than some others, Hassan won her Senate seat six years ago in one of the closest races in the country, and Democrats had grown increasingly nervous in recent weeks as Bolduc seemed to gain strength in polls. After winning the nomination, however, he waffled on 2020, saying the election had not been stolen. Democratic Sen. Maggie Hassan at a campaign event on Sept. 10 in Dover, N.H. Scott Eisen / Getty ImagesHe often feuded with fellow Republicans, including his state’s popular Gov. Democrats meddled in the primary because they thought Bolduc would be easier to defeat in the general election.

The top runners in the New York City Marathon’s nonbinary division won cash prizes Sunday, a first for a World Marathon Majors race. Instead, it reported, the nonprofit New York Road Runners awarded the monetary prizes to the top nonbinary finishers. Last year, the NYC Marathon recognized its first nonbinary division winner, Zackary Harris, but the division did not receive a monetary prize. Harris came in second place in the nonbinary division this year, with a time of 3:09:41. Of the six World Marathon Majors races, five of them — New York, Boston, Chicago, London and Berlin — have recently added a nonbinary category.

☆ CNN CEO Chris Licht is facing an increasingly angry newsroom as more layoffs loom, plans are murky, and staff have lost confidence after 'horrible programming decisions'
▼ + stars: | 2022-11-04 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +9 min

CNN CEO Chris Licht has been faulted by the newsroom for too many changes and not enough communication. Chris Licht needs a hit. "People are starting to believe there is no plan," said one executive familiar with the workings of CNN. "Is Chris Licht going to be there for them and push back on government officials? Many on the ad sales team that was formerly dedicated to CNN have either been pink-slipped or joined the broader ad sales group under WBD ad honcho Jon Steinlauf.

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