The Macy’s logo is seen at its store in Herald Square in New York City on Jan. 19, 2024. Michael M. Santiago | Getty Images A New York beauty store just blocks away from the Empire State Building resold more than $1 million worth of goods that had been stolen from Macy’s and a slew of other retailers, authorities said Wednesday. Two New Yorkers were charged with possessing more than $1 million in stolen goods and reselling them through their business, Rehana’s Cosmetics, a perfume and cosmetics store in Midtown Manhattan, the borough’s district attorney Alvin Bragg said at a…
Author: insighter
Earnest and SoFi are two student loan lenders that give borrowers the option to refinance their student loans. Each company offers additional benefits, ranging from professional networking to taking a month off from making payments. Student loan refinancing replaces your existing loans with a new loan. It can be a good way to lower your monthly payment or reduce your interest rate. Is refinancing your student loans right for you? We’ll compare Earnest and SoFi while diving into some things you should consider before you do so. Company Overviews Earnest and SoFi are two popular student loan refinancing companies.…
South Korean President Yoon Suk Yeol issued his first apology over his wife receiving a luxury handbag under questionable circumstances, highlighting his efforts to set a new course for his government after a stinging defeat in parliamentary elections. In his first news conference in about two years, Yoon pledged Thursday to improve livelihoods and create a new ministry to boost the country’s birthrate, which is ranked lowest in the world and threatens long-term economic prospects. He also laid out priorities for his remaining time in office, which include taming inflation, boosting growth led by the private sector and raising the basic…
Russian President Vladimir Putin watches a military parade on Victory Day, which marks the 77th anniversary of the victory over Nazi Germany in World War Two, in Red Square in central Moscow, Russia May 9, 2022. Mikhail Metzel | Sputnik | Reuters Russia kicked off its 79th “Victory Day” military parade on Thursday as the war with Ukraine rumbles on into a third year. The annual event on May 9 commemorates the Soviet victory over Nazi Germany in World War II and sees thousands of Russian troops and pieces of military hardware paraded through Red Square in Moscow, with other…
Las ADU se están generalizando. Una Unidad de Vivienda Accesoria (ADU, por sus siglas en inglés) es un espacio habitable independiente que comparte el mismo lote que una casa unifamiliar. Dependiendo de la estructura y de la jerga local, es posible que la conozca como piso de abuelita, casa de huéspedes, apartamento en el garaje o en el sótano, casita en el patio trasero, casa diminuta o algo más extravagante. El gobierno federal y algunos estados y localidades están alentando a los propietarios a construir una ADU para aliviar la escasez de viviendas asequibles. El sector hipotecario también se está…
A former top executive for major Las Vegas casinos was given a year of probation Wednesday after admitting he allowed an illegal bookmaker to gamble millions of dollars at the MGM Grand and pay off debts in cash. Scott Sibella pleaded guilty in January to violating federal anti-money laundering rules that required the casino to file reports of suspicious transactions. His sentence was handed down in federal court by U.S. District Judge Dolly Gee, who also ordered Sibella to pay a fine of $9,500. Gee took into consideration that Sibella, 61, took responsibility for his actions, cooperated with investigators, and…
If you rent your home in a major metro area, chances are you already know this hard truth: Your pay raises aren’t keeping up with your rent hikes. A new analysis released on Tuesday by the rental website StreetEasy and its parent company Zillow found that rent growth has surpassed wage growth in 44 out of the 50 largest U.S. metros since before the pandemic. The report analyzed rental data from both company sites as well as wage growth data from the Bureau of Labor Statistics. What’s driving rent price growth? Nicole Bachaud, senior economist at Zillow, chalks it up…
Jonathan Raa | Nurphoto | Getty Images Elon Musk’s startup Neuralink on Wednesday said part of its brain implant malfunctioned after it put the system in a human patient for the first time. Neuralink has built a brain-computer interface, or a BCI, that could eventually help patients with paralysis control external technology using only their minds. The company’s system, called the Link, records neural signals using 1,024 electrodes across 64 “threads” that are thinner than a human hair, according to its website. In January, Neuralink implanted the device in a 29-year-old patient named Noland Arbaugh as part of a study…
An interpreter for Los Angeles Dodgers star Shohei Ohtani has agreed to plead guilty to criminal charges after secretly transferring about $17 million from the player’s account to pay off gambling debt. Ippei Mizuhara incurred the debt through an illegal bookmaking operation, which Ohtani had no knowledge of, the US Justice Department said Wednesday. Mizuhara is expected to plead guilty to bank fraud and filing a false tax return in the coming weeks. “He took advantage of his position of trust to take advantage of Mr. Ohtani and fuel a dangerous gambling habit,” Martin Estrada, the US Attorney for the…
Spencer Platt | Getty Images Shares of Robinhood rose in extended trading Wednesday afternoon after the retail brokerage announced stronger-than-expected first-quarter results. Robinhood reported net income of $157 million, or 18 cents per share, for the first quarter. That is a positive swing from the same period last year, when the company had a net loss of $511 million, or 57 cents per share. Here is how Robinhood’s results compared to Wall Street estimates, according to analysts surveyed by LSEG: Earnings per share: 18 cents vs. 6 cents expected Revenue: $618 million vs. $549 million expected The company said the…
On April 25, the Bureau of Economic Analysis (BEA) released its preliminary estimate of the United States gross domestic product (GDP) for the first quarter of 2024. It estimated U.S. GDP at $28.28 trillion, up 1.6% from a year ago [0]. For the most part, this report is of interest to economists and institutional investors, and not closely watched by retail investors. But perhaps retail investors should pay attention, because GDP is one component of a potentially powerful stock market valuation metric: the Buffett indicator. What is the Buffett indicator? The Buffett indicator is the ratio between a country’s total…
In this photo illustration the Disney+ logo seen displayed on a smartphone screen. SOPA Images | LightRocket | Getty Images The bundle is back. Disney and Warner Bros. Discovery are planning to offer their streaming services — Disney+, Hulu and Max — in a bundle mirroring the traditional cable TV package, the companies said Wednesday. The latest iteration of the bundle, which will be available this summer, will be offered on both the ad-supported and commercial-free tiers. Pricing has yet to be disclosed, but the option will be offered at a discount, according to a person familiar with the matter.…