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Rebecca Baird-Remba

@thecitywanderer.bsky.social
2.6K followers 859 following 957 posts

Writing about financial markets for @risk.net, and occasionally other things. recovering real estate and architecture reporter. bike girl about town

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Reposted by Rebecca Baird-Remba
Bill Grueskin @bgrueskin.bsky.social · 7h
“The cost of carrying oil from inside the Persian Gulf to China rose to a record $1.3 million a day Monday. “The rate averaged close to $60,000 a day last year.” www.bloomberg.com/news/article...
bloomberg.com
Iran Ramps Up Ship Attacks in Hormuz as Oil, Gas Flows Rise
Iran has increased the pace of attacks on tankers in the Strait of Hormuz in recent days, just as oil shipments through the world’s most important energy chokepoint approach prewar levels.
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Rebecca Baird-Remba @thecitywanderer.bsky.social · 06/10/2026
IND trains are a complete cluster in Brooklyn this morning. Wanted to get to Manhattan or northern Brooklyn on the FGAC? No you didn’t
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Ben Casselman @bencasselman.bsky.social · 02/10/2026
U.S. employers added 29,000 jobs in September and the unemployment rate ticked up to 4.2 percent. Data: www.bls.gov/news.release... Full coverage: www.nytimes.com/live/2026/10... #EconSky #NumbersDay
bls.gov
Employment Situation Summary - 2026 M09 Results
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Rebecca Baird-Remba @thecitywanderer.bsky.social · 28/09/2026
we're going to phoenix/scottsdale for a wedding in december and i had no idea how much of an undertaking choosing a hotel would be
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George Pearkes @peark.es · 24/09/2026
*NY ACCUSES POLYMARKET OF RUNNING ILLEGAL GAMBLING OPERATION *NY GOV. HOCHUL, AG JAMES ANNOUNCE POLYMARKET SUIT IN STATEMENT
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Beth Stanton @bethstanton.bsky.social · 24/09/2026
#TreasuriesToday: Yields mixed with curve steeper. 10Y, 20Y & 30Y reached new multiyear highs. For $44b 7Y note auction at 1pm WI yield near 5.06% is higher than all results since tenor's 2009 reintroduction. Buyback of up to $6b in 20Y-30Y sector closes at 2pm.
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Carl Quintanilla @carlquintanilla.bsky.social · 23/09/2026
(Politico ) - The Trump administration is preparing a plan to ban exports of diesel for 90 days, despite splits inside the administration and with the oil industry, in a bid to bring down energy prices .. @politico.com #ExportBan ⛽️ www.politico.com/news/2026/09...
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Rebecca Baird-Remba @thecitywanderer.bsky.social · 23/09/2026
For my fellow John Wilson heads: History of Concrete is expanding to more NYC theaters including Nitehawk Prospect Park. www.magpictures.com/thehistoryof...
magpictures.com
The History of Concrete – A John Wilson Film | Trailer, Showtimes & Tickets
A hilarious new documentary from John Wilson (How To with John Wilson), from Magnolia Pictures. In theaters now.
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George Pearkes @peark.es · 21/09/2026
Interesting
Wall Street Is Growing Skeptical of the Data Center Boom
By Maureen Farrell
(New York Times) -- Several companies tied to the data center industry have delayed their initial public offerings amid the increasing public backlash to these energy guzzling facilities.
The backlash against data centers that is shaping elections and kitchen table debates across the country is now spilling onto Wall Street.
Companies that house the data centers or supply them with energy and land for construction were expected to dominate the initial public offering market over the coming months, feeding investors’ seemingly insatiable appetite for everything related to artificial intelligence.
But some investors are voicing increasing skepticism about the growth expectations for data centers and the risks associated with their build-out, forcing industry executives and their advisers to recalibrate their plans to raise tens of billions of dollars in public markets.
SB Energy, a subsidiary of the Japanese conglomerate SoftBank that has proposed to build the largest data center project in the world in Ohio, had originally planned its I.P.O. for this month.But the offering has been delayed, as investors question the company’s sought-after valuation of $50 billion or more, according to interviews with four people familiar with the deal’s marketing efforts. So far, bankers have struggled to find enough buyers of SB Energy stock within price ranges the company and its bankers had sought.
SB Energy’s struggles to win over investors comes as Holtec, a company serving the nuclear energy industry that is looking to supply power for A.I., said last week that it was pausing its I.P.O. plans indefinitely, citing several factors that has “impaired investor confidence in the market for new public offerings.”
Holtec pointed to the “uncertainty of data center development” as the primary reason for the postponement, according to a company release.
Holtec Nuclear owns and operates one main nuclear power site and builds small nuclear reactors that can be used to power data centers. The company, which had planned to start trading on Nasdaq last week, was seeking to raise as much as $900 million at a valuation of up to $10 billion.
Another company that’s slowed the timing of its offering, according to three people briefed on the matter, is the power company Aggreko, which counts A.I. data centers among its key customers. Aggreko also provides power to live events and mining projects, but it had highlighted data center clients as the basis for a large jump in revenue over the past year.
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Reposted by Rebecca Baird-Remba
Aaron Rupar @atrupar.com · 21/09/2026
LMFAO -- Trump is holding an event at the White House right now but there's no audio because the press pool isn't there. The Newsmax host notes that this is an example of Trump's attacks on the press "backfiring just a little bit"
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Rebecca Baird-Remba @thecitywanderer.bsky.social · 21/09/2026
one thing on the Nikole Hannah-Jones piece that's weird: she didn't include much original context around her 2016 piece, which is that her daughter's school was at the center of a very heated school district rezoning battle that hinged on people from dumbo not wanting to send their kids to PS 307
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Rebecca Baird-Remba @thecitywanderer.bsky.social · 21/09/2026
Feel like more people need to read this latest WSJ story about Polymarket’s massive failures related to fraud, money laundering, users being scammed out of lots of money, etc www.wsj.com/business/pol...
wsj.com
Polymarket’s Rush to Grow Left a Door Wide Open For Fraudsters
CEO Shayne Coplan brushed off concerns about a scheme involving stolen debit cards. Now the prediction market is bolstering its executive ranks as it eyes an IPO.
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Rebecca Baird-Remba @thecitywanderer.bsky.social · 17/09/2026
really stretching out the charts on the 20- and 30-year yields to figure out when they were last this high
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Reposted by Rebecca Baird-Remba
Michael Derby @michaelsderby.bsky.social · 16/09/2026
Trump has thoughts about interest rates. Notably he doesn't seem to attack Warsh after the rate hike, at least for now.
Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World — BY FAR. Our Country is BOOMING with new Investment! If we stopped Trading with every country that we have a Deficit with, which is most of them, we would make, at least, 1.5 Trillion Dollars a year. The word “Deficit” is nothing more than a fancy word for LOSS. We are “carrying” almost every country in the World, and that cannot go on any longer. LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST! President DONALD J. TRUMP
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Rebecca Baird-Remba @thecitywanderer.bsky.social · 16/09/2026
Wow!!! My neighborhood is getting one!!
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Award-Winning Reporter Dave Colon @davecolon.bsky.social · 14/09/2026
Lol www.thecityreporter.nyc/2026/09/14/j...
thecityreporter.nyc
Judge Strikes Down Controversial Rule Changes Benefitting Embattled Brooklyn Party Boss
Outgoing party leaders had no authority to vote on rule changes that would have changed the balance of power on the party’s executive committee, a State Supreme court judge found.
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Trevon Logan @trevondlogan.bsky.social · 10/09/2026
Economists did not have in mind a physical limit on the number of digits you could display when they talked about price ceilings….
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Toby Nangle @tobyn.bsky.social · 02/09/2026
🚨It looks like Bessent’s July yentervention was only a tiny $500mn www.ft.com/content/958a...
ft.com
So how big *was* Bessent’s yentervention?
Smaller than we had possibly imagined
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the beggars out of here getter @milesklee.bsky.social · 08/09/2026
An unexpected thrill: sitting down at the Aero with Richard Kelly ahead of the 4K theatrical rerelease of his cult classic Donnie Darko on its 25th anniversary. We talked about fighting for an artistic vision and whether “I doubt your commitment to Sparkle Motion” will be quoted in his obituary.
wired.com
Richard Kelly on Donnie Darko at 25: ‘It’s a Miracle That Any Movie Gets Made’
The director discusses his debut novel, staying true to an artistic vision, and the absurd line of dialogue from Donnie Darko he believes will find its way into his obituary.
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Rebecca Baird-Remba @thecitywanderer.bsky.social · 08/09/2026
tim apple wont make another mini phone but he will make a $2,000 foldable phone. i see how it is. www.bloomberg.com/news/article...
bloomberg.com
Apple’s $2,000-Plus Foldable iPhone Was a Decade in the Making
Around 2020, Apple Inc. Chief Executive Officer Tim Cook returned from a trip to Asia unusually energized about a new product category: foldable phones.
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David Roberts @volts.wtf · 07/09/2026
christ
politico.com
Crypto billionaire among dozens to back startup from Gillibrand’s son
Chris Larsen, John Griffin and Mark Ein are angel investors in a new financial exchange led by Sen. Kirsten Gillibrand’s 22-year-old son.
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Rebecca Baird-Remba @thecitywanderer.bsky.social · 03/09/2026
I love working in the financial district where they are always filming at least one Dick Wolf show
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Ivan the K ™ @ivanthek.bsky.social · 03/09/2026
Hoo boy. www.mediaite.com/media/news/brea...
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Carey @careylikemariah.bsky.social · 27/08/2026
Hell Gate reporter Katie Way is not exaggerating when she says that "this video has the potential to become a certified NYC politics cult classic along the lines of the Eric Adams teenage room search PSA." It's cuckoo bananas from start to finish:
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Rebecca Baird-Remba @thecitywanderer.bsky.social · 24/08/2026
People are wound up about this rumor that the Kips Bay AMC is closing and I feel like it needs to be said: most of the AMC theaters in Manhattan are dumps, and they are clearly losing ground to Regal/Alamo etc which have more modern theaters in the city
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public health guy @publichealthguy1.bsky.social · 24/08/2026
i’m dying. i’m dead
zohran holding a the power broker book up in front of his face. caption reads “but robert moses is another video entirely)
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dr. rich traditions, JD @helldude.bsky.social · 21/08/2026
TIRED: trump bond crisis INSPIRED: trump bond invasion
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Carey @careylikemariah.bsky.social · 20/08/2026
Huge story breaking right now in NYC: BK Dems party boss Rodneyse Bichotte-Hermelyn announced that she's subverting the will of Brooklyn's voters (a majority of whom recently voted to change party leadership) by dramatically changing the rules in order to hang onto her position as party boss.
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Amanda Mull @amandamull.bsky.social · 18/08/2026
This episode of Planet Money about investors buying up life insurance policies was fascinating and I’m glad I listened despite my knee-jerk revulsion at the concept overcast.fm/+AAYsPSE8_wM
overcast.fm
You bet your life insurance — Planet Money
Some of the biggest firms on Wall Street are, at this very moment, waiting for thousands of strangers to die to reap their returns. Because there’s a market for life insurance policies. And it’s legal...
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Rebecca Baird-Remba @thecitywanderer.bsky.social · 15/08/2026
Just saw @davecolon.bsky.social bike by me at grand army plaza!
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Rebecca Baird-Remba @thecitywanderer.bsky.social · 14/08/2026
This is out of pocket!! I would be mad giftarticle.ft.com/giftarticle/...
giftarticle.ft.com
How not to do an M&A league table
Alpha: vile
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Rebecca Baird-Remba @thecitywanderer.bsky.social · 13/08/2026
Watched Reacher for the first time with my bf and now I understand why it’s pure Dudes Rock tv
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Atlanta Fed @atlantafed.org · 12/08/2026
The Atlanta Fed's sticky-price consumer price index (CPI)—a weighted basket of items that change price relatively slowly—rose 3.5% (on an annualized basis) in July, following a 0.8% increase in June. On a year-over-year basis, the series is up 2.8%. atlfed.org/3TQmurX
Atlanta Fed Sticky-Price CPI line chart showing CPI up 2.8%.
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Rebecca Baird-Remba @thecitywanderer.bsky.social · 10/08/2026
i'm so tired www.cnn.com/2026/08/10/u...
cnn.com
Judge temporarily blocks rollout of Mamdani’s pied-à-terre tax | CNN
A Staten Island judge on Monday temporarily blocked New York City’s rollout of Mayor Zohran Mamdani’s pied-à-terre tax, pausing enforcement while a lawsuit brought by a group of homeowners moves forwa...
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Andrew Giambrone @andrewgiambrone.bsky.social · 05/08/2026
new: Gov. Hochul's office is actively looking into any potential tax fraud revealed through the rollout of NYC's pied-à-terre tax, a spokesperson says. e.g., cases where someone claims to live here most of the time, but doesn't pay NYC taxes, or has their car registered elsewhere
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Rebecca Baird-Remba @thecitywanderer.bsky.social · 05/08/2026
i'm tired of these smocked/tiered skirt trends. i was buying this stuff in 2012
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George Pearkes @peark.es · 05/08/2026
Governor Cook: "If I do not see signs of continued disinflation soon, I am prepared to act." www.federalreserve.gov/newsevents/s...
For these three reasons, I felt it was appropriate not to change rates while we see how these factors evolve. If I do not see signs of continued disinflation soon, I am prepared to act. With five years of above-target inflation, the risk grows that higher inflation may become entrenched in price- and wage-setting behavior, leading to persistence that would be much harder for us to attack. The longer inflation is above target, the more likely this scenario becomes. Thus, while we might be able to afford to wait for longer in a different environment, we do not have that luxury in this one.FOMC SENTIMENT SCORER
======================================================================
Source : https://www.federalreserve.gov/newsevents/speech/cook20260805a.htm
Words  : 2,454
Corpus : 7,095 documents (full)
         2,290 documents (speeches)

Metric                               Score  vs. full corpus     vs. speeches
------------------------------------------------------------------------------
LM hawk/dove                       -0.4107      51st pct          53rd pct
LM growth                          -1.2320      46th pct          46th pct
LM inflation                       +4.1068      73rd pct          73rd pct
S&W hawk/dove                     +18.8912      92nd pct          93rd pct
TF-IDF period (concurrent)         -0.1681      27th pct          31st pct
TF-IDF GT (concurrent)             +0.0871      59th pct          56th pct
TF-IDF period (forward)            -0.2561      18th pct          21st pct
TF-IDF GT (forward)                +0.5274      90th pct          90th pct

Interpretation: positive = hawkish, negative = dovish.
Percentile: 99th = most hawkish doc in corpus, 1st = most dovish.
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Michael Derby @michaelsderby.bsky.social · 05/08/2026
As evidence for Warsh’s rough start as Fed chair, the Treasury secretary is now going after reporters for their coverage of the central bank.
One of the highlights of the Warsh Fed has been watching stenographers posing as journalists, like the WSJ’s Nick Timiraos, reduced to reporting Fed backroom gossip because they’re incapable of performing real economic or monetary policy analysis without being spoon-fed.
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Rebecca Baird-Remba @thecitywanderer.bsky.social · 05/08/2026
Ultimately real estate execs love to feel included in city politics and really care if city hall will pick up the phone for them/respond to their requests. They also love to complain to reporters when they feel that’s not happening. That’s the WSJ piece in a nutshell.
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Justin Baragona @justinbaragona.bsky.social · 04/08/2026
"More needs to be made of this," a senior CBS News staffer tells me about the 60 Minutes story that Sharyn Alfonsi was working on about Epstein and banks that appears to have been scuttled after her firing. www.bloomberg.com/news/article...
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Netscape @netscape.bsky.social · 04/08/2026
Every modern razor mangles your shit like crazy and costs 200 dollars and unfortunately the only alternative is to buy products made by companies called like The Epic Sirs Haberdashery
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Tom Joscelyn @tomjoscelyn.bsky.social · 04/08/2026
“In recent months, ICE has deployed a round-the-clock digital dragnet to scour the public internet—from Facebook to Instagram to X—for speech that could endanger the agency’s mission.” Speech. www.wsj.com/politics/pol...
wsj.com
How ICE Is Weaponizing Social Media Against its Critics
Agency says its surveillance program searches for threats to agents, but critics see free-speech infringements.
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Joey Politano🏳️‍🌈 @josephpolitano.bsky.social · 03/08/2026
Official data was released today, and after adjusting for inflation, American office construction has fallen to the lowest level since 2011 It's down nearly 60% since the onset of the pandemic and 15% over the last year alone
A graph of US office construction
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old roadside pics @roadside.xor.blue · 03/08/2026
mcdonald's restaurant sign, detail two, route 66, azusa, california, 1979
mcdonald's restaurant sign, detail two, route 66, azusa, california, 1979
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Hell Gate *subscribe today!* @hellgatenyc.com · 03/08/2026
With all the attention paid to the feelings of a small, wealthier subset of New Yorkers, you may have forgotten that some 70 percent of New York City residents rent their homes. Here's what four of them think of the pied-à-terre tax rollout: hellgatenyc.com/nyc-tenants-...
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Celia @celiayoung.bsky.social · 03/08/2026
Who benefits from a shortage of affordable apartments on Long Island? Online scammers targeting renters desperate for a home -- www.newsday.com/business/wal...
newsday.com
Scam rental listings exploit Long Island's affordable-housing shortage
Fake listings, bogus fees and stolen data target renters squeezed by Long Island's high housing costs.
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Streetsblog NYC @nyc.streetsblog.org · 03/08/2026
The crash was at the corner of Park and Nostrand avenues on Sunday night.
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Mom, Kids Injured on Brooklyn Sidewalk By Two-Driver Crash - Streetsblog New York City
The crash was at the corner of Park and Nostrand avenues on Sunday night.
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Ian Smith @iankmsmith.ft.com · 30/07/2026
😬
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Tom McKay @catturd2.bsky.social · 30/07/2026
yes its true. i, cat turd 2, have been laid off
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