Destinations around the country are trying to crack down on Airbnb and other short-term rentals. From megalopolises like New York and Los Angeles to vacation destinations like Aspen, Colorado, and Honolulu, local governments are attempting to limit the effect that short-term rentals have on their communities in areas like the availability of affordable housing for locals and safety for visitors. But enacting restrictions on Airbnbs is one thing. Enforcing such regulations in the real world is another. And few cities demonstrate the perils of trying to put the home-sharing genie back in the bottle better than Portland, Oregon. 10 years…
Author: insighter
A new survey unpacks the reasons behind entrepreneurs’ rosy outlook and reveals why they’re less bullish on the economy overall.
Women and men sleep differently, so their sleep disorders shouldn’t be treated the same way, suggests new research that explores the biological sex characteristics of getting shut-eye. Men are more likely to have obstructive sleep apnea, while women are more likely to experience insomnia and report lower sleep quality. These are among the findings of a literature review published in April in the journal Sleep Medicine Reviews. The researchers hailed from Harvard University, Stanford University, and the University of Southampton in the U.K. This research is as much about precision medicine as it is sleep disparities between the sexes, says…
A New York Community Bank stands in Brooklyn, New York City, on Feb. 8, 2024. Spencer Platt | Getty Images New York Community Bank on Wednesday posted a quarterly loss of $335 million on a rising tide of soured commercial loans and higher expenses, but the lender’s stock surged on its new performance targets. The first-quarter loss, equal to 45 cents per share, compared to net income of $2.0 billion, or $2.87 per share a year earlier. When adjusted for charges including merger-related items, the loss was $182 million, or 25 cents per share, deeper than the estimate of a loss…
Credit card accounts can be closed by the card issuer or the cardholder. Either way, it may be possible to reopen a credit card that’s been closed if you decide that you wanted the card after all. There are two related yet distinct ways of reopening a credit card: Reactivating a closed card in a way that preserves the original account information. Reapplying for a card you’ve had before to get a new account. Whether you can reopen a credit card account depends on the situation and the card issuer’s policies. Reactivating a closed credit card Generally, issuers will reopen…
Technology and sustainability intersect with almost every aspect of our lives—especially when it comes to travel. A new generation stands at the forefront of a monumental shift in the travel sector: Generation Alpha. Often dubbed “mini millennials,” they are poised to redefine the essence of travel, because they have such a strong commitment to our planet while also reinventing how we use technology. This generation of tech-savvy travel transformers will not let the travel industry get away with greenwashing. They are holding businesses accountable, demanding tangible results, and will redefine the travel landscape for good. The future is in the…
Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023. Brandon Bell | Getty Images Shares of Carvana popped more than 30% during after-hours trading Wednesday after the automaker reported record results and turned a profit during the first quarter. Here is how the company performed in the first quarter, compared with average estimates compiled by LSEG: Earnings per share: 23 cents — it was not immediately clear if it was comparable to the loss of 74 cents expected Revenue: $3.06 billion vs. $2.67 billion expected Carvana reported record first-quarter net income of $49…
Donald Trump returned briefly to the campaign trail Wednesday and called the judge presiding over his hush money trial “crooked” a day after he was held in contempt of court and threatened with jail time for violating a gag order. Trump’s remarks at events in the battleground states of Wisconsin and Michigan were being closely watched after he received a $9,000 fine for making public statements about people connected to the criminal case. In imposing the fine for posts on Trump’s Truth Social account and campaign website, Judge Juan M. Merchan said that if Trump continued to violate his orders, he would “impose an incarceratory…
U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., on March 20, 2024. Elizabeth Frantz | Reuters This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in March. Text removed from the March statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements. Zoom In IconArrows pointing outwards
The idea of a four-day workweek is so popular with some workers that they’d be willing to take a pay cut to make it happen, according to a new survey. The survey, which included 1,250 people who work full time, was conducted in April by Resume Builder, a career services company. It found that 8 in 10 workers would be excited to work 32 hours a week instead of 40 because they believe it would help them achieve better work-life balance, improve their health, mitigate burnout, be more productive and reduce commuting costs. The survey results suggest some workers feel…
The government spent a record-breaking $178.6 billion on small-businesses. But the federal small-business contracting base is still shrinking.
A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters The Federal Trade Commission will wave through Exxon Mobil’s roughly $60 billion acquisition of Pioneer Natural Resources after reaching an agreement with the energy giant, a source familiar with the matter told CNBC. The FTC will not block the deal now that the regulator and Exxon have reached a consent agreement, the source said. The agreement will bar Pioneer’s former CEO Scott Sheffield from joining the Exxon board. The push to remove Sheffield was due to concerns about his prior discussions with OPEC, according to the…