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Once a red-hot destination for out-of-state homebuyers, Florida is seeing its inventory of homes for sale skyrocket and price growth stagnate. "It was one of the only markets that actually sustained price growth after interest rates went up, so I think this correction is a bit overdue." According to Redfin, the median time a Florida home spent on the market was 57 days in March. "More new listings are coming on the market right now too." There are more than 5,600 active listings in Florida that include the keyword "motivated" in the description on Zillow .
Persons: Daryl Fairweather, CNBC's, Redfin, It's, Fairweather Locations: Florida
"I wouldn't be surprised about some short-term upsets," Tasha Keeney, ARK Invest's Director of Investment Analysis, told CNBC's Last Call on Monday. "But I think the long-term story is EVs are here to stay." ARK Invest's current price target for Tesla stock is $2,000 by 2027. Keeney emphasized that ARK Invest is focused on the long-term innovations Tesla is poised to capitalize on -- like robotaxis. I think it's going to do the same for autonomous driving," Keeney said.
Persons: Tasha Keeney, ARK, CNBC's, Keeney, Tesla, we're
Boeing 's recent troubles have put some pilots on high alert when they enter the cockpit. On Tuesday, Southwest and Alaska Air said their flying plans were at risk amid Boeing's ongoing quality-control concerns. "Every airline is basically fighting to ensure that their network plan is not undermined by this failure of Boeing," said Tajer, a Boeing 737 captain. Despite the time he spent flying Boeing 707s in Desert Storm for the U.S. Air Force, Tajer said he thinks about the dangers of flying more than he ever has before. "I was in the military and Boeing planes saved my tail many times in combat," Tajer said.
Persons: Dennis Tajer, CNBC's, Tajer Organizations: Boeing, Allied Pilots Association, American Airlines, LATAM Airlines, Alaska Air, U.S . Air Force Locations: Australia, New Zealand, Southwest, Desert Storm
Ron DeSantis is taking a victory lap amid his ongoing public feud with Disney and taunting the company's litigation efforts. A year ago, the Republican governor signed a bill to nullify Disney's special district. The former Reedy Creek Improvement District, established in 1967, gave the company full regulatory control over Disney World and government services such as fire protection, emergency services and infrastructure. "There were people pointing out and saying 'oh, people in Central Florida are gonna pay higher taxes, the sky's gonna fall,'" DeSantis said. DeSantis posted a video on X earlier Tuesday claiming that the dissolution of the special district saved Florida taxpayers millions.
Persons: Ron DeSantis, they've, DeSantis, CNBC's, Disney Organizations: Florida Gov, Disney, Republican, Improvement, Disney World Locations: Florida, Central Florida
Nikki Haley may have lost one of her deep-pocketed donors in the Koch brothers-backed political network, but New Hampshire Governor Chris Sununu thinks she can still attract the dollars necessary to prevent a second Trump presidency. "With [Haley] at the top of the ticket, Republicans win up and down the ballot," Sununu told CNBC's Last Call on Monday. "Trump raises money for his legal costs. Last month, the former South Carolina governor brought in $16.5 million. We want winners," Sununu said.
Persons: Nikki Haley, Koch, Chris Sununu, Haley, Sununu, CNBC's, Trump, Nikki, We're Organizations: New Hampshire, Trump, Republicans, South, Super Locations: South Carolina
Reddit disclosed 2023 revenue growth of 20% and said its core business relies on online advertising sales when it filed to go public on Thursday. "This is an AI play," Herb Greenberg, Editor of "Herb Greenberg | On the Street" on Substack, explained on CNBC's Last Call Thursday. "If you go through the prospectus, the first thing you see is the talk that they're using this to train large language models -- and that's true," Greenberg said. Reddit cut a $60 million deal with Google on Thursday for the tech giant to train its AI models on the social network's data. "They talk about the revenue they're going to get from that from licensing that data," Greenberg said.
Persons: Reddit, Herb Greenberg, Greenberg Organizations: Google
Biden was sitting beside common snacks like Oreos, Doritos and Goldfish during the 48-second clip, posted to X. Shrinkflation happens when consumer products get smaller in weight, size or quantity while their prices stay the same or even increase. "That's a message that the average consumer will nod their heads and say 'sure, I hate it when that happens,'" former presidential candidate Andrew Yang said. "They're gonna have to keep making this case around the country because the Biden administration is underwater with independents who are going to decide this November's election," Yang, now the co-chair of the Forward Party said. "They're going to be trying anything they can to say, at least, 'we're on your side.'"
Persons: Joe Biden, Biden, I've, Andrew Yang, that's, Lael Brainard, Yang Organizations: Super, Sunday, National Economic, Forward Party
Meta whistleblower Frances Haugen felt co-founder and CEO Mark Zuckerberg's testimony before Congress was "powerful" on Wednesday — especially when he turned to apologize directly to families who blamed the toxicity of social media for the loss of a loved one. "That apology, I think, is a turning point because it's the first time he's actually had to visibly face the consequences of his choices," Haugen said on CNBC's Last Call. The hearing regarding child safety on social media featured several prominent tech CEOs from Discord, Snap , TikTok, and X, the platform formerly known as Twitter. Haugen, the former Facebook product manager turned whistleblower who leaked a trove of internal documents to the Wall Street Journal in 2021, said the apology was amplified by the many families in attendance. Many of the internal documents Haugen leaked detailed the company's knowledge of the potentially harmful impact social media platforms Facebook and Instagram may have on underage users.
Persons: Frances Haugen, Mark Zuckerberg's, he's, Haugen, Zuckerberg, Missouri Republican Sen, Josh Hawley, Hawley, You've Organizations: Missouri Republican, Facebook, Wall Street Locations: Missouri
16 insiders described unrest and discord partly fueled by the site's revamped social media strategy. Malaspina's plan was for Cheddar to look and feel like a social media platform and to position its stars as influencers. Concerns inside Cheddar intensified when Malaspina, a newcomer to journalism, refocused its coverage on social media content. Multiple segments and even an entire show — "Trending" at 7 p.m. — centered on social media trends and TikTok challenges. It's very troubling to think that news professionals would inflate or distort their social media followings.
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