Median rents in Manhattan hit a new record in January as a strong job market and limited supply of apartments lifted prices. The median rental price rose 15% to $4,097 from the year-earlier month — the highest ever in January, according to a report from Douglas Elliman and Miller Samuel. The average rent in Manhattan
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Citigroup was dropped Thursday from an upcoming $3.4 billion Texas bond sale after being recently barred from underwriting government debt in the state. The Texas Natural Gas Securitization Finance Corporation board reconstituted the deal’s underwriting syndicate, removing Citigroup as a co-manager. Last month, the Texas Attorney General’s Office announced it will no longer approve any
Nelson Peltz has called off his fight against Walt Disney a day after the company unveiled a restructuring plan involving the loss of 7,000 jobs, ending one of the biggest corporate battles in recent years. The end of the activist investor’s push removes a distraction for chief executive Bob Iger, who is seeking to steer
This article was featured in One Story to Read Today, a newsletter in which our editors recommend a single must-read from The Atlantic, Monday through Friday. Sign up for it here. Lets say youre a politician in a close race and your opponent suffers a stroke. What do you do? If you are Mehmet Oz
Funeral for slain NYPD officer A funeral service will be held for slain off-duty NYPD officer Adeed Fayaz. “Pray that we get justice, that the murderer that our detectives have captured gets a fair trial, a complete trial, and then put behind bars for the rest of their lives.” PBA President Pat Lynch NEW YORK
SINGAPORE Singapore will lift its remaining Covid-19 restrictions like requiring masks on public transport from next Monday, when the country adjusts its disease outbreak response to the lowest level. The lowering of the Disease Outbreak Response System Condition (Dorscon) from yellow to green comes as the global and local pandemic situation is stable and the
More than 12,000 people were killed and tens of thousands left injured and homeless following a devastating earthquake in Turkey and Syria on Monday (Feb. 6). The magnitude 7.8 earthquake — caused by a 60-mile (100 kilometers) rupture between the Anatolian and Arabian tectonic plates — struck at its epicenter near the city of Nurdağı,
Local Wisconsin governments would receive a 20% share of the state’s sales taxes for a $576 million funding infusion and the ability — with voter support — to raise the sales tax under a plan Gov. Tony Evers will include in his proposed biennial budget next week. Evers initially made the pledge on revamping of
Michael Demissie, the head of digital assets at Bank of New York Mellon (BNY Mellon) is adamant that the cryptocurrency market crash in 2022 won’t waver institutional interest in digital assets. At a conference run by Afore Consulting, Demissie said Feb. 8 that the digital asset industry is “here to stay” as institutional investors have
Max Levchin, the CEO of buy-now-pay-later company Affirm, has confirmed that they will be shutting down their “Affirm Crypto Program” amid dampening consumer spending and a changing macroeconomic environment. The CEO released a letter to shareholders on Feb. 8 alongside a 19% staff cut. He cited uncertain macroeconomic conditions and the need to offset some
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We’ll talk about diversification, Warren Buffett’s famous Berkshire Hathaway portfolio, as well as the academic study that thought it had this question answered only later to be challenged. Some people only have a handful, some people use funds to hold hundreds and hundreds. In this video, we will weigh up the opportunity cost of diversification
choja | E+ | Getty Images The solar technology company Nextracker priced its initial public offering just above its stated $20 to $23 per share range, people with knowledge of the transaction told CNBC. The order book for Fremont, California-based Nextracker was “well subscribed,” meaning demand allowed the company to exceed expectations on pricing, sources
In this article WYNN LNC CDAY AFRM MGM HOOD MAT DIS Follow your favorite stocksCREATE FREE ACCOUNT Barbie dolls in the Mattel display at the annual Toy Fair in New York. Stan Honda | AFP | Getty Images Check out the companies making headlines in extended trading. Disney — Shares of the entertainment company rose
The medieval town of Certaldo is a central spot for exploring Italy’s Tuscany region. The hilltop walled city is roughly a 45-minute train ride away from cultural monument-filled Florence and 40 minutes from UNESCO-listed Siena. The surrounding countryside is filled with rolling farmland. A villa now for sale in the outskirts takes in panoramic views
Spencer Platt | Getty Images News | Getty Images 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
Municipals were weaker in secondary trading, with the largest cuts seen on the short end, while a $1.2 billion deal from the New York City Transitional Finance Authority took focus in the primary. U.S. Treasuries were better, and equities ended in the red. The three-year muni-UST ratio was at 54%, the five-year at 55%, the
Disney chief executive Bob Iger announced plans to cut the company’s workforce by 7,000, or about 3 per cent, as part of a broad restructuring that he said would save $5.5bn over the next few years, revive its creative output and make its streaming business profitable. Investors have been waiting to hear Iger’s strategic plan
More than 1.2 million years ago, an unknown group of human relatives may have created sharp hand axes from volcanic glass in a “stone-tool workshop” in what is now Ethiopia, a new study finds. This discovery suggests that ancient human relatives may have regularly manufactured stone artifacts in a methodical way more than a half-million
Tesla Inc TSLA Chief Elon Musk teased another update about Master Plan 3? late on Tuesday night, hinting that it would be revealed at the electric vehicle firms Investor Day event at Giga Texas. "Master Plan 3, the path to a fully sustainable energy future for Earth will be presented on March 1, he tweeted.