• Business News

    These are the best places to retire in the US for 2021-2022

    Tiger 21 Chairman Michael Sonnenfeldt explains real estate is becoming a place for wealth preservation and creation as a long-term asset. Retirees are setting their sights on Florida more than any other state across the nation, according to a new study from U.S. News & World Report.  The Sunshine State occupies seven of the top 10 spots on the publication’s ranking of the best places to retire for 2021- 2022.   CLICK HERE TO READ MORE ON FOX BUSINESS For the second year in a row, Sarasota has captured the top spot even with decreases in health care, housing and  

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    Bill Gates, daughter Jennifer share loving embrace at wedding rehearsal also attended by his ex-wife Melinda

    Check out what’s clicking on FoxBusiness.com. Bill Gates was photographed sharing a loving embrace with his oldest child, daughter Jennifer Gates, at her wedding rehearsal on Friday ahead of the big event on Saturday. The 25-year-old billionaire’s daughter is set to wed fellow professional equestrian Nayel Nassar on Saturday at the North Salem estate the Microsoft co-founder purchased for $15.82 million. Photos taken from Friday’s lavish festivities show the bride-to-be sharing a sweet moment with her father outdoors on the property. Jennifer looked elegant in a white dress paired with a matching cropped jacket. Her hair was pulled back  

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    In struggle to fix supply chain, small businesses fear losing out to larger companies with more spending power

    mall businesses are hopeful that shipping bottlenecks may begin to ease after President Joe Biden announced an initiative in which the congested port of Los Angeles will run “24/7.” But owners and experts warn that the ports are just one part of the supply chain logjam. “With the holidays coming up, you might be wondering if gifts you plan to buy will arrive on time,” Biden said at a news conference Wednesday. “Today we have some good news. We’re going to help speed up the delivery of goods all across America. “Our goal is not only to get through this  

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    Working for companies owned by well-heeled private-equity firms can mean lower wages for employees

    Alma Jordan, a certified nursing assistant at the Marcella Center nursing home in Burlington, New Jersey, respected the residents she cared for there over the past 16 years. They were like family, she said, and she believes they’ve appreciated her attentiveness, especially during Covid-19. Not so, the nursing home’s new owner, Jordan said. After Complete Care Management, the largest for-profit nursing home operator in New Jersey, took over the 150-bed Marcella Center in April, it slashed worker benefits, she and other employees as well as a representative from their union told NBC News. Amid the pandemic, Jordan’s paid holidays were  

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    Users turn to Twitter after Facebook outage. Jokes and venting ensue.

    Daily Business Briefing Oct. 4, 2021Updated  Oct. 5, 2021, 12:19 a.m. ET Oct. 5, 2021, 12:19 a.m. ET ImageA woman checking her Instagram account in New York on Monday.Credit…Ed Jones/Agence France-Presse — Getty Images With Facebook and Instagram down for much of the day on Monday, many social media users used Twitter to share their woes, thoughts and jokes. Twitter appeared to embrace its moment in the spotlight. The company’s main account tweeted “hello literally everyone,” garnering 2.4 million “likes” in just four hours. Other major brands seemed to recognize the social media company’s  

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  • Business News

    Network Effects Are Overrated – The New York Times

    When the model shifted toward streaming starting in 2008, the sources of advantage remained the same although the fixed costs of the physical distribution were now replaced with the fixed costs of digital storage and distribution. Conventional wisdom, however, is that the Netflix streaming model has unleashed a variety of supernatural powers flowing from A.I. and network effects. The result, the Deutsche Bank analyst Bryan Kraft wrote in a 2019 research report, has been to bestow upon Netflix a mystical “platform status,” implying stronger entry barriers and supporting higher valuations. Such true believers think for instance that the streaming model  

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    Lyft, Uber to cover fees for drivers sued under Texas law

    Check out what’s clicking on FoxBusiness.com. Ride-hailing companies Uber and Lyft said Friday they will cover the legal fees of any driver who is sued under the new law prohibiting most abortions in Texas. The Texas law bans abortions once medical professionals can detect cardiac activity, usually around six weeks and often before women know they’re pregnant. Rather than be enforced by government authorities, the law gives citizens the right to file civil suits and collect damages against anyone aiding an abortion — including those who transport women to clinics. GET FOX BUSINESS ON THE GO BY CLICKING HERE San  

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  • Business News

    Nancy Pelosi’s husband up $700K on CrowdStrike stock purchase

    Check out what’s clicking on FoxBusiness.com. House Speaker Nancy Pelosi’s husband is cashing in on his bet on cybersecurity firm CrowdStrike Holdings Inc.   Paul Pelosi, who runs a real estate and venture capital investment and consulting firm, purchased 5,000 CrowdStrike shares on Sept. 3, 2020, according to regulatory filings.  Shares of the company, which closed at $129.25 apiece on the day of Pelosi’s purchase, have soared 111% over the past year, meaning he has a paper gain of more than $700,000. The profit was first reported by CongressTrading.com. Ticker Security Last Change Change % CRWD CROWDSTRIKE HOLDINGS, INC. 257.30 

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