There’s a segment of the super-rich in Manhattan who can easily afford to buy luxury property but for a number of reasons choose to rent instead. In a deep dive into this elite crowd, the Financial Times talked to several real estate brokers who revealed that rent can range from $25,000 to $75,000 per month, though one townhouse in SoHo was rented to a tech bro for $100,000 a month—or $1.2 million a year. The supply of such properties surged after Michael Bloomberg rezoned areas to allow for more high rises while he was New York’s mayor. But the preference…
Author: insighter
Here’s our Club Mailbag email [email protected] — so you send your questions directly to Jim Cramer and his team of analysts. We can’t offer personal investing advice. We will only consider more general questions about the investment process or stocks in the portfolio or related industries. This week’s question: You advise not to buy stocks that have a PEG of over 2, but it seems many of the stocks recommended on the show have a PEG of well over 2, such as Abbott Labs and Eaton. Is this because there are more important considerations than PEG? — Marcia from Washington…
On May 12, 2024, Citi launched the Citi Strata Premier Card, a revamp of its long-serving Citi Premier® Card that is no longer taking applications. The new card offers many of the same rewards and benefits, plus a few additional perks. The Citi Strata Premier Card has a $95 annual fee, and new cardholders can earn 75,000 bonus ThankYou Points after spending $4,000 within the first three months of account opening. Image courtesy of Citi New features of the Citi Strata Premier Card The Citi Strata Premier Card adds new rewards spending categories, as well as travel protections: 10 ThankYou…
Kansas could soon offer up to $5 million in grants for schools to outfit surveillance cameras with artificial intelligence systems that can spot people carrying guns. But the governor needs to approve the expenditures and the schools must meet some very specific criteria. The AI software must be patented, “designated as qualified anti-terrorism technology,” in compliance with certain security industry standards, already in use in at least 30 states and capable of detecting “three broad firearm classifications with a minimum of 300 subclassifications” and “at least 2,000 permutations,” among other things. Only one company currently meets all those criteria: the…
Boxers Jake Paul (L), and Mike Tyson (R). Getty Images Sport | Getty Images In the competitive world of live sports streaming, Netflix is taking another step into the arena. In July, the media giant will broadcast a boxing match between legendary fighter Mike Tyson and social media personality-turned-boxer Jake Paul, who is 30 years Tyson’s junior. This will be Tyson’s first professional fight in 19 years — and Netflix management is billing the event, as well as its other live programming, as “cultural moments” relevant not only to viewers, but to advertisers. Advertising is one of Netflix’s newest revenue…
If you use generative AI, you know that it can seem like magic. Chatbots and multimedia models can effortlessly conjure up poems or high-res videos at the snap of a finger. But AI models’ speedy outputs and sleek interfaces mask the enormous amount of physical infrastructure behind them—and as AI continues to grow, the data centers and power plants that AI is built on are starting to get widespread attention outside of the industry. Earlier this week, I took a train to Orangeburg, New York, a sleepy lower Hudson Valley suburb just 25 miles from Fortune’s newsroom in downtown Manhattan.…
As investors grapple with macro uncertainty and a cloudy path on the Federal Reserve’s rate cuts, they will need to adopt a long-term mindset to pick the best names for their portfolios. To make the right decisions, investors can track the recommendations of Wall Street experts, who carefully assess the financial performance of a company and its growth strategies before assigning their ratings. Bearing that in mind, here are three stocks favored by the Street’s top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Domino’s Pizza This week’s first pick is restaurant chain Domino’s…
Jenn Lueke, 27, is a recipe developer based in Boston who creates content online showing people how to eat well on a budget. “I think it’s no secret that prices are going up in pretty much every area right now,” Lueke told CNBC. About two thirds, 65%, of U.S. adults surveyed by CNBC/SurveyMonkey this spring said inflation is the main driver of their financial stress. The same share said they are living paycheck to paycheck. Nearly half feel like they’re in a worse financial situation than five years ago. In January last year, Lueke started a series on social media…
Federal prosecutors are asking a judge to impose a 40-year prison sentence for the man who broke into former U.S. House Speaker Nancy Pelosi’s San Francisco home seeking to hold her hostage and attacked her husband with a hammer. The San Francisco Chronicle reported late Friday that prosecutors made the request ahead of a sentencing hearing for David DePape, saying he has not shown remorse for the October 2022 attack. “There is nothing about the history and characteristics of the defendant that warrant leniency,” federal prosecutors wrote in court documents. “The defendant has admitted — indeed bragged — that he knew what…
Combination showing Republican presidential candidate and former U.S. Ambassador to the United Nations Nikki Haley (L) and Former U.S. President and Republican presidential candidate Donald Trump, campaigning in New Hampshire on Jan. 23rd, 2024. Reuters Donald Trump on Saturday made it clear that former Republican presidential candidate Nikki Haley is not on his running mate shortlist, quieting rumors that his campaign had been considering her as an option. “Nikki Haley is not under consideration for the V.P. slot, but I wish her well!” the presumptive GOP presidential nominee wrote in a Truth Social post, signing the message “DJT.” The comment…
Parenting brings many joys, but sleep deprivation is not one of them. So, it’s no wonder that moms and dads are willing to take some drastic measures—in the form of sleep medications—when it comes to getting their kids down for the night. New survey results from Sleep Doctor reveal that 79% of parents have given their child a substance to get them to sleep—with 66% using melatonin, 35% using Benadryl, and 20% turning to prescription sleep aids. Others reported using everything from herbal and over-the-counter aids to CBD, THC, and even alcohol. Millennial and Gen Z parents were most likely…
R1T trucks on the assembly line at the Rivian electric vehicle plant in Normal on April 11, 2022. Brian Cassella | Tribune News Service | Getty Images Once-hot electric vehicle startups — years ago fueled by low interest rates, free cash and Wall Street bullishness — are now scrambling to prove they can survive in tougher market conditions. That is if they haven’t gone bankrupt already. Chief among their talking points: cash. Executives of Rivian Automotive, Lucid Group and Nikola Corp. this week each detailed plans to reduce costs while attempting to grow operations and make their first profits. Those…