Mathisworks | Digitalvision Vectors | Getty Images For years, hotel operators have under-invested in technology, but persistent labor challenges are forcing a reckoning in the industry. “The labor issue is a big driver for investments in technology,” said Mark Haley, a partner at Prism Hospitality Consulting, which specializes in hospitality technology and marketing. “You can’t
Prices at a Chevron gas station in Menlo Park, California, on Tuesday, May 24, 2022. David Paul Morris | Bloomberg | Getty Images The average price for a gallon of unleaded gasoline rose above $5 nationally for the first time due to increased demand from the economy reopening from the pandemic and depleted oil supplies
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Anonymous hacker served with restraining order via NFT In what’s
The Los Angeles penthouse where Johnny Depp and Amber Heard living during much of their brief marriage is on the market for $1.765 million. With all the notoriety the former couple attracted during their headline-making court case, what better time to put the love nest on the market? Though the pair were only married for
More than 360,000 people left California in 2021, in what some are calling “The California Exodus” — many leaving for states like Texas, Arizona and Washington. And a rising number of former Californians are migrating out of the country altogether and are instead heading south of the border. Many are seeking a more relaxed and
Despite concerns over a bubble and regulation, biotech investing remains very hot for investors. It doesn’t hurt that even with the recent sell-off the space is easily outperforming broad indexes so far in 2015. But with added risks, it might be time for investors to consider an ETF approach to the space so that one
Municipals saw yields rise across the curve, with the largest losses out long to end the week, while a higher-than-expected inflation report led to a massive U.S. Treasury selloff on the front of the curve and sent equities tumbling. With Friday’s Consumer Price Index report, the “prospects for a quick slowdown in the rate of
The United States equities markets tumbled on June 10 after the consumer price index report showed inflation soaring 8.6% from a year ago, the highest increase since 1981. The latest figures show that talks of inflation having peaked were premature and according to Bloomberg, investors are pricing in key interest rates of 3% by the
New York City has an early budget for the new fiscal year, one that totals a record high $101 billion for fiscal 2023 and includes a record level of $8.3 billion in reserves. At a City Hall press conference Friday afternoon, Mayor Eric Adams, Council Speaker Adrienne Adams and Council Finance Chair Justin Brannan announced
Ministers are planning to reject the main recommendations from a major review of England’s food strategy as Boris Johnson seeks to regain the support of rightwing MPs and avoid hitting households with new expenses in the cost of living crisis. The review, led by Henry Dimbleby, founder of the Leon restaurant chain, was commissioned in
We’re going to talk about the VIX, and more importantly, how you can use the VIX for trading stocks, but also options. The VIX typically refers to option trading and it’s really geared and run by the options, but I’m going to share some insight with you about how to use it as a gauge
In this article BCSF (Click here to subscribe to the Delivering Alpha newsletter.) Bain Capital, with $160 billion in assets, is one of the largest private, private equity firms. Despite many of its peers going public, like TPG earlier this year, Bain has no immediate plans to join them. John Connaughton is Bain Capital’s global head of
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 04, 2022 in Washington, DC. Powell announced the Federal Reserve is raising interest rates by a half-percentage point to combat record high inflation. Win Mcnamee | Getty Images The week ahead may all come down to
Reports that Terra (the new LUNA orLUNA2) founder Do Kwon allegedly withdrew $80 million monthly before the project crashed surfaced Friday, leading members of the community to voice their opinions on the matter. In a tweet, crypto trader and analyst Michaël van de Poppe said that Kwon deserves imprisonment. He compared the Terraform Labs CEO
Sales of luxury homes tumbled 17.8% year over year during the three months ending April 30, the largest drop since the onset of the pandemic sent shockwaves through the housing market. By comparison, sales of non-luxury homes fell 5.4%. That’s according to an analysis of luxury real estate trends from Redfin, a technology-powered real estate
Jake and Stephanie Murphy are moving into a new single-family rental home built by American Homes 4 Rent. Diana Olick | CNBC Real Estate Correspondent As demand for single-family rental homes surges, big landlords are jumping into the homebuilding business to shore up falling supplies. The push comes as more Americans have the flexibility to
Block subsidiary TBD has announced plans to build a new decentralized web centered around Bitcoin (BTC), underscoring founder Jack Dorsey’s belief that the largest blockchain network will play a major role in the internet’s evolution. The new project, called “Web5,” represents the latest Bitcoin-centric endeavor to be pursued by Dorsey since stepping down as CEO
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The Puerto Rico Oversight Board is arguing that the U.S. District Court for Puerto Rico does not have subject matter jurisdiction over a recent conflict-of-interest complaint filed against a law firm representing it. The board said the Court lacks subject matter jurisdiction over a dispute between two “non-Title III debtor third parties that does not
With Indiana revenue collections running $1 billion over estimates with just one month left in the fiscal year, Gov. Eric Holcomb proposed returning that amount from reserves to taxpayers through an automatic tax refund. Holcomb, a Republican, called for a special session to approve the proposal. “Hoosiers have real needs right now during this period
Rishi Sunak has been accused of squandering £11bn of taxpayers money by paying too much interest servicing the government’s debt. Calculations by the National Institute of Economic and Social Research, the oldest non-partisan economic research institute in the UK, show the losses stem from the chancellor’s failure to take out insurance against interest rate rises
In this article FOUN Traders on the floor of the NYSE, June 8, 2022. Source: NYSE SPACs are known to be a roundabout investment vehicle to take private companies public. Not this one. Bull Horn Holdings is merging with biotech Coeptis Therapeutics, a public company traded over the counter. The SPAC sponsors told CNBC they went for
Shoppers are seen wearing masks while shopping at a Walmart store, in North Brunswick, New Jersey, July 20, 2020. Eduardo Munoz | Reuters Economists expect inflation in May continued to burn white hot, with energy, food, rent and health care costs all rising. According to Dow Jones, economists expect the consumer price index rose 0.7%,
It’s a true trompe l’oeil. This French chateau gives every impression of being set in Provence, a region of southeastern France known for ancient hilltop villages, lavender fields and rolling vineyards. And while the estate accurately reflects that heritage, it’s actually located across an ocean and some 5,800 miles away in the Arcadia neighborhood of
Momo Productions | Digitalvision | Getty Images If the value of your home ballooned during the pandemic, you may receive an inflated property tax assessment in the mail. There are ways, however, to combat a higher bill, experts say. Despite double-digit growth in single-family home prices, property taxes only increased by 1.8% in 2021, with
The founder of financial tech company Block Inc., Jack Dorsey announced he is collaborating with the rapper Jay-Z by launching a Bitcoin Academy in Brooklyn. The Bitcoin Academy’s mission aims to empower and provide education to the region. The project’s website further details that residents of Marcy House, located in Brooklyn, New York will be
Today we’re going to take a look at investing in IPOs or initial profit offerings. Investing in IPOs is something that people are often attracted to because they think that company could be the next Google, it could be the next Facebook or the next Microsoft, and as those companies increase their value in the
Voters in Providence, Rhode Island, approved a bond referendum authorizing the issuance of up to $515 million of pension obligation bonds. The referendum passed Tuesday by a 70% to 30% margin. However, only about 4% of the eligible voters turned out, with the actual count being 3,545 votes for and 1,519 against in a city
On June 8 the Ethereum network successfully underwent the merge to become proof-of-stake on its Ropsten testnet, but the news had little impact on ETH price. With the Ropsten upgrade now looking more like a buy the rumor, sell the news type of event, most analysts have kept a short-term bearish outlook for Ether price. Let’s take a look.
In this article NDAQ ICE CME SCHW HOOD Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), listens during a Financial Stability Oversight Council (FSOC) meeting at the U.S. Treasury in Washington, D.C., U.S., on Monday, Dec. 9, 2013. Andrew Harrer | Bloomberg | Getty Images We are live on Wednesday at Piper Sandler’s