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☆ All investors need a worldview. Here's mine and how to think about developing your own
  + stars: | 2023-02-26 | by ( Jim Cramer | ) www.cnbc.com   time to read: +23 min
You need to know what you think will happen and then you can insert stocks into that worldview. I think this view, which Jay cares and is most likely going to get it right, is fundamental to my worldview. I think that's an absurd tradeoff and those who are making it, those who own 10-year Treasurys, are sorely ill-advised. Fortunately, I don't think the Fed has to go that far to break the trio. The companies you think might not make it I think aren't going to make it because they won't be able to raise cash.
☆ A Basic iPhone Feature Helps Criminals Steal Your Entire Digital Life
  + stars: | 2023-02-24 | by ( Joanna Stern | Nicole Nguyen | ) www.wsj.com   time to read: 1 min
NEW YORK—In the early hours of Thanksgiving weekend, Reyhan Ayas was leaving a bar in Midtown Manhattan when a man she had just met snatched her iPhone 13 Pro Max. Within a few minutes, the 31-year-old, a senior economist at a workforce intelligence startup, could no longer get into her Apple account and all the stuff attached to it, including photos, contacts and notes. Over the next 24 hours, she said, about $10,000 vanished from her bank account.
☆ Big city restaurants and bars are missing office workers' spending on Mondays and Fridays
  + stars: | 2023-02-24 | by ( Noah Sheidlower | ) www.cnbc.com   time to read: +5 min
Commuters arrive into the Oculus station and mall in Manhattan on November 17, 2022 in New York City. According to data collected from June to November, the per-person reduction in spending in New York City was $4,661, followed by $4,200 in Los Angeles and $4,051 in Washington, D.C. In-person work days declined the most, 37%, in Washington, compared with pre-pandemic levels, followed by Atlanta at 34.9% and Phoenix at 34.1%. The Bureau of Labor Statistics found in a study that increased remote work results in a reduction in foot traffic for urban centers. There was a reduction in remote work in January to about 27% from 29%, though he predicts remote work levels will not drop below 25% in the near future.
☆ A writer of 5,000 real-estate listings critiqued ChatGPT's attempts. Certain lines made her 'cringe,' but she expects brokers to choose the free AI chatbot over her anyway.
  + stars: | 2023-02-13 | by ( Dan Latu | ) www.businessinsider.com   time to read: +6 min
Insider asked Hyrapett to analyze ChatGPT write-ups of homes for sale in New York and California. The Zillow listing for a Yonkers, New York, home that Insider asked ChatGPT to write a description for. Dan Latu/InsiderWhen Hyrapett reviewed the listing, she called some of the words the chatbot used — including "boasting," "spacious," and "well-appointed" — cliché. Instead, Hyrapett said, she prefers to use "offers" or "provides" instead of "boasts," "generously sized" for "spacious," and "thoughtfully designed" over "well-appointed." Dan Latu/InsiderThe best real-estate listings lure buyers with call-to-action phrases like, "Come start your new beginning, " Hyrapett said.
☆ Arctic blast barrels into U.S. Northeast, threatening record lows
  + stars: | 2023-02-03 | by ( Frank Mcgurty Rich Mckay | Frank Mcgurty | Rich Mckay | ) www.reuters.com   time to read: +4 min
Early on Friday, the core of the cold air mass, driven from Arctic Canada into the United States by high-altitude air currents, was centered over the U.S. Plains, said weather service forecaster Bob Oravec. International Falls, Minnesota, was the coldest spot as of 7 a.m., with temperatures hovering around -36 F (-38 C). "It's moving into the Northeast" and temperatures will drop throughout the day on Friday, he said. By comparison, air temperatures in Eureka, Canada's northernmost Arctic weather station, were hovering at -41 F (-41 C) on Friday morning. Boston was about 22 above zero F (-6 C) on Friday morning, with temperatures expected to plummet throughout the day and hit -3 F (-19 C) by midnight.
☆ The Art Behind Supply Chains Is Front and Center at a Museum Exhibit
  + stars: | 2023-01-25 | by ( Liz Young | ) www.wsj.com   time to read: +6 min
Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. “What we wanted to do was to make the invisible visible, to look at the supply chain as a key part of how AI works,” Dr. Crawford said. “The best artists are all geometry and symmetrical work coupled with creativity, and that’s what supply chain is. Some of the artists on display in the MoMA gallery have gone on to create more work centered on supply chains. “When you start to do this research, you see everything differently and the precarity of the supply chain was made so clear to me,” she said.
☆ A Casino at Saks, Times Square or the U.N.? Companies Pitch NYC Officials
  + stars: | 2023-01-25 | by ( Jimmy Vielkind | Katherine Sayre | ) www.wsj.com   time to read: 1 min
Gambling companies competing to build a casino in Manhattan, one of the industry’s most coveted untapped markets, face skepticism from officials who would need to approve projects in the heart of the city. Real-estate and casino developers are pitching several sites in midtown Manhattan, including on the top floors of the Saks Fifth Avenue across from Rockefeller Center and in the very heart of Times Square. It’s vital to be near the city center to draw the right mix of tourists and wealthy clients, they said.
☆ Ketamine is being sold as a depression wonder drug. For some, it's making everything worse.
  + stars: | 2023-01-25 | by ( Anna Silman | ) www.businessinsider.com   time to read: +42 min
The infusions at the ketamine clinic in his West Texas hometown were a Christmas gift from his grandmother. About five years ago, more and more of my friends started using ketamine recreationally. IV ketamine treatment centers charging $400 to $2,000 an infusion popped up all over the country. "Ketamine used as directed in an appropriate clinical setting very rarely leads to any dependence," Mindbloom says on its website. Like Nadia, most of the people I interviewed said when they started using ketamine, they didn't think it was possible to become dependent on it.
☆ Disney board exposed itself to activist intervention, but Peltz may be overreaching
  + stars: | 2023-01-12 | by ( Alex Sherman | ) www.cnbc.com   time to read: +5 min
Disney's share price spike in 2021 was caused by the same phenomenon — investors charging into streaming services with significant subscriber growth. Activist investor Nelson Peltz spent about 30 minutes Thursday morning speaking with CNBC's Jim Cramer and David Faber in a wide-ranging interview about why he wants a Disney board seat. Now Iger's back, and the Disney board has tasked him with finding a successor in the next two years. It's a far easier case to be made that Disney's board and Iger have consistently bungled succession planning. As Trian noted in its presentation (on Slide 28), the Disney board extended Iger's retirement date five different times between October 2011 and December 2017.
☆ In leaked memo one day after Dow Jones layoffs, News Corp CEO urges 'full compliance' with back-to-office schedule for Wall Street Journal, New York Post staffers
  + stars: | 2023-01-12 | by ( Claire Atkinson | ) www.businessinsider.com   time to read: +6 min
News Corp CEO Robert Thomson sends staff memo about the importance of in-person collaboration. The news comes a day after layoffs at News Corp unit Dow Jones that affected less than 2% of staff. The CEO flagged that he'd be asking business leads to consult with managers to "ensure full compliance with in-office work schedules," which "will evolve in the coming weeks," he wrote. The Wall Street Journal's in-office staffing situation in New York is currently being monitored by the company, according to two sources. The spontaneity and serendipity of a dynamic office environment are crucial in creating and in iterating, so in-office attendance is vital to our future success.
☆ Everything you need to know about the M&A market for 2023
  + stars: | 2023-01-10 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
After a long, cold dealmaking season, insiders are hoping to the market begin to thaw this year. So Insider's Carter Johnson spoke to six M&A bankers about what to expect this year. And while it's true sellers could always try and wait out the market, there's no gurantee of when things can get better. Click here to read more about what to keep an eye out for in the M&A market this year. This is what we know about the man some once considered to be a potential successor to CEO James Gorman.
☆ Fox, News Corp Sign Long-Term Office Leases for Midtown Manhattan
  + stars: | 2023-01-04 | by ( Kate King | ) www.wsj.com   time to read: 1 min
The exterior of 1211 Avenue of the Americas in Midtown Manhattan, where News Corp and Fox Corp. have renewed leases. Rupert Murdoch ’s media empire is recommitting to Manhattan office space, after News Corp and Fox Corp. each signed long-term leases that will keep the two companies in Midtown for another 20 years. The two separate leases span more than 1.1 million square feet, or roughly equivalent to the company’s current footprint, according to Ivanhoe Cambridge, the Canadian real-estate firm that owns the building at 1211 Avenue of the Americas. The agreement includes renovations to the exterior and interior of the building.
☆ A day in the life of Lisa Simonsen, an NYC luxury real-estate agent who takes calls at 3 a.m., counts Kelly Ripa as a client, and closed over $100 million in deals in 2022
  + stars: | 2022-12-28 | by ( Zoe Rosenberg | ) www.businessinsider.com   time to read: +7 min
Lisa Simonsen is a New York high-society fixture and a real-estate broker with Douglas Elliman. She has closed over $2 billion in deals since 2005, with over $100 million in sales in 2022. Her day starts at 5 a.m. with cycling and green juice and ends at 10 p.m. with client phone calls. These days she is among the top-selling brokers at brokerage Douglas Elliman, where she heads up the ten-member Simonsen Team. "I'm very passionate about my work," Simonsen said.
☆ Law Firms Trade Corner Offices for Hot Desks and Hybrid Work
  + stars: | 2022-12-23 | by ( Erin Mulvaney | ) www.wsj.com   time to read: 1 min
Law firms are famously resistant to change, but they are also grappling with how to best use spaces that cost them top dollar, as well as how to coax people back to the office post-Covid. Shearman & Sterling LLP’s newly renovated headquarters in Midtown Manhattan boasts a slate of amenities such as an on-site wellness center, yoga studio and nap rooms, as well as an expanded cafe space with a bowtie-wearing barista taking free coffee orders. What it doesn’t have are sprawling offices for top partners, long a marker of status at the top of the law-firm ladder. Instead, office sizes now are uniform for firm veterans and junior colleagues alike. Shearman is also exploring a hot-desking option for lawyers who spend part of each week working from home, meaning that attorneys with hybrid work schedules would float between temporary workspaces instead of having a permanently assigned office.
☆ 'Communities like mine won't survive:' Queens residents battle monthly floods as sea levels rise, storms worsen
  + stars: | 2022-12-22 | by ( Emma Newburger | ) www.cnbc.com   time to read: +14 min
Still, it's unclear how these vulnerable coastal communities — and others across the country — will ultimately fare. In this scenario, most of the communities surrounding Jamaica Bay would be inundated every day by high tides. These types of natural projects, some of which are already underway at the Jamaica Bay Wildlife Refuge, would be balanced with the Army Corp's man-made engineered solutions. Additionally, the proposed Jamaica Bay Storm Surge Barrier, located to the east of the Marine Parkway Bridge, would close during major storms. Shoreline restoration is underway at the Jamaica Bay Wildlife Refuge in Queens.
☆ Shipping companies brace for harsh winter weather with 'contingency plans' to help gifts arrive on time for the holidays
  + stars: | 2022-12-20 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com   time to read: +5 min
Postal Service, will be shipping on average a combined 100 million packages per day this week leading up to Christmas. A blast of Arctic air from Canada is expected to bring “life-threatening” cold to parts of the United States in the lead-up to Christmas, weather forecasters have warned. Postal Service, their workers are ready for harsh weather. “UPS has a team of full-time meteorologists who monitor the weather and help us create contingency plans as winter storms develop. Postal Service said it plans for “various weather issues throughout the year.” The postal service also said its workers have the proper equipment to do their jobs safely.
☆ A Guide to Midtown Manhattan—for Visitors and Jaded Locals
  + stars: | 2022-12-15 | by ( Christian L. Wright | Photographs Jonah Rosenberg For The Wall Street Journal | ) www.wsj.com   time to read: 1 min
MIDTOWN, the wide belt of Manhattan that spans from 34th Street to 57th Street, is often called the heart of the city. But New Yorkers view it as more of a spleen—a part you can definitely live without. Though the district was largely abandoned during the Covid pandemic—even the blinding throb that is Times Square—it’s had time to reimagine itself. Good timing, too: At the most wonderful time of the year, bells, boughs, lights and holly fill this patch, with a giant Christmas tree shimmering in the middle of it all.
☆ New York Times Staffers Strike for First Time in Over 40 Years
  + stars: | 2022-12-08 | by ( Alexandra Bruell | ) www.wsj.com   time to read: 1 min
Staffers are planning to picket the Times building in Midtown Manhattan at 1 p.m. on Thursday, the NewsGuild said. More than 1,000 New York Times staffers went on strike on Thursday for the first time in over 40 years, its newsroom union said, putting the organization in the position of having to cover news for one day without the majority of its reporters. The one-day work stoppage comes as contract negotiations between management and the members of the NewsGuild, which represents 1,450 Times staffers—including 1,270 newsroom employees—have stalled for nearly two years over pay and benefits.
☆ 10 years ago they were fast food workers making roughly $8 an hour. 'Fight for 15' changed their lives.
  + stars: | 2022-12-04 | by ( Juliana Kaplan | ) www.businessinsider.com   time to read: +6 min
Ten years ago, fast food workers took to the streets of New York to strike for a $15 minimum wage. He was making $7.25, the minimum wage at the time. It was just like, oh no, raising the minimum wage, especially for fast workers, are you crazy? Since the launch of Fight for 15 ten years ago, the federal minimum wage hasn't budged. In California, where Perez works, the minimum wage is now $15 an hour for employers with 26 or more employees.
☆ Meta is moving out of two of its fancy New York offices as Mark Zuckerberg's cost-cutting measures continue
  + stars: | 2022-12-01 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +3 min
Meta's move to return its office space is part of CEO Mark Zuckerberg's plan to cut costs. "The past few years have brought new possibilities around the role of the office," Meta spokesperson Tracy Clayton told Insider. 30 Hudson Yards is a glass skyscraper over 100 stories high, with outdoor terraces and panoramic views of the Hudson River. Meta will keep its office space at 50 Hudson Yards. Meta will also keep the office space it leased in 2020 at the James A. Farley Building in midtown Manhattan.
☆ Housing Shortage Reflects the Cheap Cost of Holding Vacant Land
  + stars: | 2022-11-23 | by ( Konrad Putzier | ) www.wsj.com   time to read: 1 min
For a glimpse at how a skewed property-tax system worsens the housing shortage in America’s biggest cities, take a look at a 6-acre land parcel in Midtown Manhattan. The site, located next to the United Nations headquarters, is valued at hundreds of millions of dollars, according to analysts. It is zoned for the construction of around 1,500 apartments in a city that has a shortage of housing and rents near record highs. Yet for the past 17 years, the lot has sat empty, and its owner has paid relatively little in taxes on the property because it doesn’t contain any buildings.
☆ Disney is counting on Bob Iger to make hard decisions about its streaming and TV assets – or find someone who will
  + stars: | 2022-11-22 | by ( Alex Sherman | ) www.cnbc.com   time to read: +4 min
Of course, while Iger said Disney was all-in on streaming, the reality was it wasn't, and it still isn't. Part of that shift was Disney's realization that it likely wasn't going to hit its target of 230 million to 260 million Disney+ subscribers by 2024. Disney shares have fallen nearly 40% this year. Disney shares surged during the pandemic even as theme parks closed and movies were kept out of theaters. "The old plan can't be the new plan," Greenfield said.
☆ Wall Street titan Apollo has a new class of dealmakers. Here's how 3 rose to partner while in their 30s.
  + stars: | 2022-11-17 | by ( Casey Sullivan | Hayley Cuccinello | ) www.businessinsider.com   time to read: +23 min
He persevered through the brutal all-nighters, the perplexing spreadsheets, and the temperamental bosses who walked the halls of the midtown Manhattan investment firm. At Apollo, executives tend to grow up quickly. Some of their former colleagues have tried to make more money elsewhere, such as the hedge funds run by billionaire personalities that Apollo's executives quietly root against. Associates sometimes dealt with burnout from heavy workloads and demanding bosses by escaping for a walk through Central Park to let off steam, according to the former firm associates. We're Rayman Apollo!'"
☆ Showing off songs and sequins, Museum of Broadway opens in New York
  + stars: | 2022-11-14 | by ( Kyoko Gasha | ) www.reuters.com   time to read: +1 min
NEW YORK, Nov 14 (Reuters) - Right on Times Square in the heart of New York's theater district, a new Museum of Broadway is designed to take fans behind the curtain of some of its biggest musicals. Rooms in the museum on 45th Street, which opens on Tuesday, use music, videos, glittering costumes and walk-through sets to tell the history of how the theater district came to be. The heart of Broadway Theater was located downtown in Union Square in the 1850s and arrived in Times Square in the early 1900s. A show is considered "Broadway" when performed in about 40 theaters with 500 or more seats in the Broadway District in Midtown Manhattan. And so, you know, it should be here, and it should be in Times Square," Boardman said.
☆ Le Bernardin at 50: Still Going Strong
  + stars: | 2022-11-09 | by ( Gabe Ulla | ) www.wsj.com   time to read: +1 min
Fifty years ago this October, on Paris’s Left Bank, two siblings in their 20s opened Le Bernardin, a small seafood restaurant named after an order of monks who were also firm believers in the pleasures of the table. It would go on to expand to New York City and establish itself as one of the world’s most acclaimed dining destinations. “I guess it lasted,” says Maguy Le Coze, who co-founded Le Bernardin with her brother, Gilbert Le Coze, in 1972. Upstairs, a small legion of chefs, sous chefs, line cooks, sauciers, managers, captains, dedicated fish butchers and sommeliers, including the famed Aldo Sohm, is preparing for service. If the day proceeds as most usually do here, they will welcome up to 100 diners for lunch and another 160 for dinner.
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