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☆ A California couple built a $500,000 ADU in their parents' backyard when they couldn't afford to buy a traditional house
▼ + stars: | 2024-11-01 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

AdvertisementNewlyweds Aislyn and Ali Benjamin felt they couldn't afford to buy a traditional property in their corner of California — Danville, a small city just over an hour's drive east of San Francisco. Financing and building the ADU cost a total of $500,000, paid by the couple with help from their parents. Advertisement"The main reason we chose to do this is to stay close to our work," Ali Benjamin told Business Insider. An overview of the Benjamins' ADU in the Bay Area, where the couple lives full-time. The kitchen of the Benjamins' ADU.

Persons: Aislyn, Ali Benjamin, —, Realtor.com, San Ramon — Aislyn, Ali, Villa, ADU, Ali Benjamin's, Ali Benjamin said Organizations: Service, Danville ., Benjamins, Business, Urban Institute, Villa Villa, Backyard, Villa Locations: California — Danville, San Francisco, Danville, San Ramon, Bay, California, Los Angeles, San Jose

☆ 4 ways to make your home down payment savings grow, according to top-ranked advisers
▼ + stars: | 2024-10-23 | by ( Ana Teresa Solá | Ana Teresa Solá Is A Personal Finance Reporter For Cnbc. | ) www.nbcnews.com time to read: +6 min

High-yield savings accountsA high-yield savings account earns a higher-than-average interest rate compared with traditional savings accounts, helping your money grow faster. “High-yield savings accounts [are] great if you’re going to be buying in the next year,” Williams said. Money market fundsA money market fund generally has a slightly higher yield than a HYSA, said Dennehy. Some of the highest-yielding retail money market funds are nearly 5% as of Oct. 23, according to Crane Data. Still, money market funds are considered low risk and are intended not to lose value, according to Vanguard.

Persons: ”, Ryan Dennehy, it’s, Shaun Williams, Dennehy, there’s, Jeffrey Hanson, “, ” Williams Organizations: California Financial Advisors, CNBC, Census, Federal Reserve, Paragon Capital Management, National Association of Realtors, PMI, Mortgage, Treasury, U.S ., Traphagen Financial, Federal Deposit Insurance Corp, Vanguard, Securities Investor Protection Corp Locations: California, San Ramon , California, Denver, Oradell , New Jersey, Denver , Colorado

☆ Buying a home? Here are some key steps to consider from top-ranked advisors
▼ + stars: | 2024-10-15 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

Therefore, if you are looking to buy a home, there are certain steps you should take to prepare for the purchase, according to several advisors ranked in CNBC's 2024 Financial Advisor 100 List. 23 on the 2024 CNBC FA 100 list. 61 on the 2024 CNBC FA 100 list. 7 on the 2024 CNBC FA 100 list. 38 on the 2024 CNBC FA 100 list.

Persons: you'll, It's, Brian Brady, Stephen Cohn, Ron Brock, Shaun Williams, Ryan D, Dennehy, Bankrate, Realtor.com, Steven LaRosa, Williams, Angi, Brady, it's, Cohn Organizations: Obermeyer, Investment, CNBC, Sage Financial Group, Brock Investment, Paragon Capital Management, California Financial Advisors, Edgemoor Investment Locations: Aspen , Colorado, West Conshohocken , Pennsylvania, Indianapolis , Indiana, Denver , Colorado, California, San Ramon , California, Bethesda , Maryland, Florida

“For over a century, the Pac-12 Conference has been recognized as a leading brand in intercollegiate athletics,” Pac-12 Commissioner Teresa Gould said in a statement. I am thankful to our board for their efforts to welcome Boise State University, Colorado State University, California State University, Fresno, and San Diego State University to the conference. An exciting new era for the Pac-12 Conference begins today.”While Pac-12 will survive in name, it's highly unlikely it’ll have the same stature or immediate moneymaking potential of the Big Ten, Southeastern Conference, Atlantic Coast Conference and Big 12. “Today’s news is a great start to stabilizing the future of the Pac‑12 Conference and Washington State University,” Washington State President Kirk Schulz and Athletic Director Anne McCoy said in a joint statement. Washington and Oregon joined the Big Ten as well, with Arizona, Arizona State, Utah and Colorado leaving for the Irving, Texas-based Big 12.

Persons: that’s, ”, Teresa Gould, Kirk Schulz, Anne McCoy Organizations: Conference, Washington, Oregon State, “ Conference of, Boise State, Fresno State, San, NCAA, Boise State University , Colorado State University , California State University, San Diego State University, Southeastern Conference, Atlantic Coast Conference, Washington State University, ” Washington, Athletic, USC, UCLA, Big, Los Angeles, Irving, Stanford, Cal Locations: Washington State, San Francisco, San Ramon , California, Colorado State, Fresno, San Diego State, Corvallis , Oregon, Pullman, Washington, Oregon, Rosemont , Illinois, Midwest, Washington and Oregon, Arizona, Arizona State , Utah, Colorado, Irving , Texas, Charlotte , North Carolina

☆ CNBC Daily Open: Nasdaq in correction territory; Berkshire's cash holdings reach record high
▼ + stars: | 2024-08-05 | by ( Kevin Lim | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Nasdaq Composite dropped 2.43% and is now in correction territory, having declined more than 10% from its recent high. The unemployment rate rose to 4.3%, the highest since October 2021 when the global economy was still reeling from the Covid-19 pandemic. The stocks had to pass several criteria, including receiving five or more earnings upgrades in the past three months.

Persons: Warren Buffett Organizations: New York Stock Exchange, CNBC, Dow Jones Industrial, Nasdaq, Treasury, Federal, Berkshire Hathaway's, Apple . Berkshire, Exxon, Chevron, CNBC Pro Locations: New York City, Apple ., Berkshire, Guyana, U.S, San Ramon , California, Houston , Texas

☆ CNBC Daily Open: Markets fall with Japan stocks in bear territory; Berkshire's cash hoard at record high
▼ + stars: | 2024-08-05 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Jobs shock hits stocksU.S. stocks plummeted on Friday after a weaker-than-expected jobs report added to fears of a recession. The Nasdaq Composite dropped 2.43% and is now in correction territory, having declined more than 10% from its recent high. Asian stocks plungeAsian stocks continued to sell-off on Monday, with the Japanese market confirming a bear market. The stocks had to pass several criteria, including receiving five or more earnings upgrades in the past three months.

Persons: Topix, Taiwan's Taiex, Warren Buffett Organizations: New York Stock Exchange, CNBC, Dow Jones Industrial, Nasdaq, Treasury, Federal, Nikkei, CSI, Berkshire Hathaway's, Apple . Berkshire, Exxon, Chevron, CNBC Pro Locations: New York City, China, Apple ., Berkshire, Guyana, U.S, San Ramon , California, Houston , Texas

☆ Tesla, Charles Schwab — and now Chevron. Texas is having a moment as companies leave California.
▼ + stars: | 2024-08-03 | by ( Jaures Yip | ) www.businessinsider.com time to read: +2 min

Read previewThe rush of companies leaving California for Texas is becoming a downright stampede. Chevron, which has called California home since 1879 when it began as the Pacific Coast Oil Company, is the latest. California accused Chevron and other energy giants of downplaying the risks of fossil fuels. Chevron joins a raft of other companies that have pulled up stakes in California and left for Texas, which had 52 Fortune 500 companies in 2024. And it had 55 Fortune 500 companies in the magazine's latest tally.

Persons: —, Greg Abbott tweeting, Chevron, Dallas — Organizations: Service, Chevron, Pacific Coast Oil Company, Business, Gov, Texas, Fortune, Apple, Nvidia, Lone Star State Locations: California, Texas, But Texas, Los Angeles, Silicon Valley, San Ramon, , Texas

☆ Chevron says it’s moving its headquarters from the Bay Area to Houston
▼ + stars: | 2024-08-02 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +3 min

New York CNN —Chevron is moving its headquarters out of California, the company announced Friday. The oil giant said it would be relocating its corporate offices from San Ramon, where they have been since 2002, to Houston. This will be the first time Chevron will be headquartered outside of California since its founding more than a century ago. Chevron chairman and CEO Mike Wirth and vice chairman Mark Nelson will move to Houston by the end of 2024, while other corporate operations will slowly relocate over the next five years. Chevron’s exodus from the Bay Area comes on the heels of Elon Musk’s announcement last month that SpaceX and X, formerly known as Twitter, would be relocating to Texas, as well.

Persons: Mike Wirth, Mark Nelson, Elon Musk’s, Musk, Gavin Newsom, ” Musk, ” Organizations: New, New York CNN, Chevron, San, SpaceX, Twitter, CNN Locations: New York, California, San Ramon, Houston, Chevron, Bay, Texas, Hawthorne , California, Starbase , Texas, Austin , Texas

☆ Chevron, in Snub to California, to Move Its Headquarters to Houston
▼ + stars: | 2024-08-02 | by ( Rebecca F. Elliott | More About Rebecca F. Elliott | ) www.nytimes.com time to read: 1 min

Chevron, the second-largest U.S. oil company, is moving its headquarters to Houston, from California, formalizing a long-expected breakup with a state that has pushed aggressively to address climate change. The company’s ties to California date to the 1870s. Chevron said it already had roughly 7,000 employees in the Houston area and around 2,000 at its current headquarters in San Ramon, Calif., near San Francisco. The State of California sued Chevron and other large oil companies last year, claiming that they misled the public about the risks of fossil fuels, the extraction of use of which are a leading cause of climate change. Chevron’s chief executive, Mike Wirth, criticized the lawsuit last year, saying in a Bloomberg Television interview that litigation was not the right approach.

Persons: Mike Wirth Organizations: Chevron, Calif, Bloomberg Television Locations: Houston, California, San Ramon, San Francisco, The State

☆ Chevron earnings miss on lower refining margins, relocates headquarters to Houston
▼ + stars: | 2024-08-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Chevron missed second-quarter earnings expectations, hurt by lower refining margins. When adjusting for $243 million in foreign currency impacts, Chevron booked adjusted earnings of $2.55 per share. Profits for international production fell about 30% to $2.3 billion compared with $3.29 billion in the year-ago period due to lower sales and natural gas prices as well a negative foreign currency impacts. International refining profits fell 25% to $317 million, compared with $426 million in the same quarter last year. Chevron shares closed nearly 5% lower Thursday and Hess stock fell nearly 8%.

Persons: Mike Wirth, Chevron's, Hess Organizations: Chevron, LSEG Locations: Orlando, San Ramon , California, Houston , Texas, Houston, U.S, Guyana

Still, it posted a healthy adjusted profit and the company raised its quarterly dividend. Exxon earned $7.63 billion, or $1.91 per share, for the quarter. Chevron also reported its financial results Friday, posting a fourth-quarter adjusted profit of $3.45 per share on revenue of $47.18 billion. Wall Street was calling for a profit of $3.29 per share on revenue of $52.59 billion. On Thursday, Shell plc reported an adjusted profit of $2.22 for the fourth quarter, with revenue totaling $80.13 billion.

Persons: Chevron, “ Organizations: Exxon Mobil's, Revenue, Zacks Investment Research, Exxon, Denbury Resources, Natural Resources, Federal Trade Commission, Hess Corp, Chevron, Shell plc, Analysts, Hamas, U.S Energy Information Administration Locations: California, , Texas, premarket, San Ramon , California, Saudi Arabia, Russia, Israel

OAKLAND, Calif. (AP) — A U.S. district judge in California dismissed a lawsuit Wednesday that sought to force the Biden administration to do all it could to make Israel stop bombing Gaza. It also asked the court to order defendants to stop obstructing attempts by the international community to call for a cease-fire in Gaza. Corrie was run over and killed in 2003 while trying to stop the demolition of a house in Gaza. Still, the lawsuit has brought fresh attention to the thousands of Palestinian Americans and other advocates calling for a cease-fire. Israeli authorities say the Oct. 7 assault by Hamas resulted in about 1,200 people dead and another 250 kidnapped as hostages.

Persons: Biden, Jeffrey White, White, Joe Biden, Antony Blinken, Defense Lloyd Austin “, ” White, Waeil Elbhassi, Israel's, Rachel Corrie, Corrie, Laila El, Haddad, Omar Al Organizations: OAKLAND, —, Hamas, Defense, United, Defence, Children International, West Bank, United Nations, U.S, Circuit, Caterpillar, San Francisco Chronicle Locations: Calif, U.S, California, Israel, Gaza . U.S, Oakland, Gaza, United Nations, Ramallah, West, San Ramon, Maryland, Rafah

☆ Four Countries Join U.S. in Pausing Funding for U.N. Aid Agency in Gaza
▼ + stars: | 2024-01-27 | by ( Patrick Kingsley | ) www.nytimes.com time to read: +7 min

Protesters calling for a cease-fire in Gaza, during the first day of the California legislative session in Sacramento this month. The federal case in Northern California is unlikely to succeed, given legal precedents that limit judicial power over U.S. presidents on foreign policy decisions. Israel also said that inflammatory comments about Palestinians were taken out of context or made by individuals without decision-making power. One of her relatives is living under a nylon tarp in Gaza with her four children and husband, a cancer patient, she said. Israeli attacks have killed 88 relatives just on her mother’s side of the family, she said.

Persons: Biden, Judge Jeffrey White, “, Antony J, Blinken, Lloyd J, Austin III, Judge White, George W, Bush, Laila el, Haddad, Jean Lin, Katherine Gallagher, ” Erwin Chemerinsky, ” Basim, Elkarra, We’re, Mr Organizations: Palestinian, Calif, United Nations, International Court, Court of Justice, Hague, International Court of Justice, Government, Justice Department, Center for Constitutional Rights, University of California, Islamic, Democrat Locations: Gaza, California, Sacramento, Israel, U.S, Oakland, Fairfield , Calif, San Ramon, Northern California, Bay Area, Atlanta, Palestinian, United States, ”, United, Clarksville, Md, New York, Berkeley, Palestinian American

The appeal stemmed from an antitrust lawsuit filed in 2020 by Epic Games, maker of the popular Fortnite video game. Epic lost its broader claim that Cupertino, California-based Apple was violating federal antitrust law, and the justices also rejected Epic's appeal Tuesday. That change would make it easier for developers to avoid paying Apple’s commissions ranging from 15% to 30%. Apple's shares declined by 2% in Tuesday's early afternoon trading, leaving the company with a market value of about $2.8 trillion. Apple ousted Epic from its app store after it tried to get around Apple's restrictions.

Persons: —, Apple, Apple didn't, Yvonne Gonzalez Rogers, Tim Sweeney Organizations: WASHINGTON, Epic Games, Apple, Microsoft, U.S, Google Locations: California, Cupertino , California, U.S, Apple's, Cary , North Carolina, San Ramon , California

Exxon Mobil’s third-quarter profit declined compared with last year when the oil giant put up record numbers as oil prices soared, but net income jumped 15% compared with the previous quarter. Exxon Mobil Corp. earned $9.07 billion, or $2.25 per share in the period. Revenue slipped to $90.76 billion from $112.07 billion, but still topped Wall Street's estimate of $89.29 billion. Exxon also announced Friday that it raised its fourth-quarter dividend to 95 cents per share from 91 cents per share. Exxon shares are up slightly before the open bell, while shares of Chevron are down more than 2%.

Persons: Exxon isn't, Darren Woods, “, Exxon Organizations: Exxon Mobil’s, Exxon, Chevron, Hess, Exxon Mobil Corp, Zacks Investment Research, Natural Resources, Mobil, Hess Corp, drillers, U.S Energy Information Administration Locations: Texas, New Mexico, San Ramon , California, Ukraine, Saudi Arabia, Russia, Israel, Gaza, U.S, Syria

☆ California Sues Giant Oil Companies, Citing Decades of Deception
▼ + stars: | 2023-09-15 | by ( David Gelles | More About David Gelles | ) www.nytimes.com time to read: +1 min

The state of California sued several of the world’s biggest oil companies on Friday, claiming their actions have caused tens of billions of dollars in damage and that they deceived the public by downplaying the risks posed by fossil fuels. The civil case, filed in superior court in San Francisco, is the latest and most significant lawsuit to target oil, gas and coal companies over their role in causing climate change. It seeks creation of an abatement fund to pay for the future damages caused by climate related disasters in the state. The lawsuit targets five companies: Exxon Mobil, Shell, BP, ConocoPhillips, and Chevron, which is headquartered in San Ramon, Calif. But the California lawsuit immediately becomes one of the most significant legal challenges facing the fossil fuel industry.

Organizations: Exxon Mobil, Shell, BP, ConocoPhillips, Chevron, Calif, American Petroleum Institute Locations: California, San Francisco, San Ramon, Washington

☆ BMO says stocks can do just fine at times of high rates — especially these cash kings
▼ + stars: | 2023-09-14 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Wall Street is becoming more comfortable with the story line that interest rates are set to remain higher for longer, according to BMO Capital Markets. While often thought of as a death knell for equities, BMO's chief investment strategist Brian Belski posits that the prospect of higher interest rates won't entirely upend stock prices. Instead, he says, investors need to be pickier and should eye businesses with less leverage and strong free cash flow. "Nonetheless, not all areas of the market are created equal within the context of higher interest rates," Belski said. CRM YTD mountain Salesforce stock.

Persons: Brian Belski, Belski, San, — CNBC's Michael Bloom Organizations: BMO Capital Markets, Federal, AMD, Adobe, BMO, Chevron Locations: San Ramon , California

☆ The most—and least—expensive U.S. states based on the average cost of monthly expenses
▼ + stars: | 2023-08-02 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

The doxo United States of Bill Pay: State by State Bill Pay Market Report found that Hawaii's average monthly cost for household bills is 50% above the national average. The doxo report found that the average monthly bill for a mortgage in Hawaii is $2,247, while the average rent is $1,856. The average monthly bill cost for San Ramon is $4,390. According to the doxo report, the average mortgage in the state is $879, while the average monthly rent is $785. Denistangneyjr | E+ | Getty ImagesTop 10 least expensive states based on monthly expenses

Persons: Bill Pay, doxo, Doxo Organizations: State, Utilities, Auto insurance Cable, Mobile, Hawaii, Swiet, Hawaii California New Jersey Massachusetts Maryland Connecticut New, San, United, West Virginia Locations: United States, Hawaii Hawaii, Hawaii, States, O'ahu, Kailua, Hawaii California New Jersey Massachusetts Maryland Connecticut, Hawaii California New Jersey Massachusetts Maryland Connecticut New York Washington Colorado Alaska California, California, San Ramon, San Francisco, Virginia, West Virginia, Appalachian, Mountain, West

☆ Chevron appoints Eimear Bonner as new finance chief and issues preliminary second-quarter earnings results
▼ + stars: | 2023-07-23 | by ( Terri Cullen | In Terricullen | ) www.cnbc.com time to read: +1 min

Cars drive past sign with logo at the entrance to the world headquarters of petroleum company Chevron in the Bishop Ranch office park in San Ramon, California. Chevron on Sunday said the company's Chief Financial Officer Pierre Breber will retire next year, and named long-time company veteran Eimear Bonner, chief technology officer of Chevron Technical Center, as his successor. Separately, the company also said it waived the mandatory retirement age requirement for its Chief Executive Officer Mike Wirth. The upcoming chief executive will take the position starting March 1, 2024, the company said in a statement. Chevron noted, however, that the financial results reported Sunday don't represent a comprehensive statement of its second-quarter results and said it will issue its complete second-quarter earnings figures on Friday, July 28.

Persons: Pierre Breber, Eimear Bonner, Mike Wirth, Bonner, Chevron's, — Organizations: Chevron, Sunday, Chevron Technical Center, — Reuters Locations: Bishop, San Ramon , California

☆ AT&T tells 60,000 managers to return to office, forcing thousands to relocate or quit
▼ + stars: | 2023-06-17 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

About 60,000 AT&T managers are being told to return to the office by September. However, the mandate says workers must return to just nine locations, leaving an estimated 9,000 employees with the decision to quit or relocate. Bloomberg reported that the telecom giant is mandating a return to offices starting in September after three years of many employees working remotely. "If they want to be a part of building a great culture and environment they'll come along on these adjustments and changes,"Stankey told Bloomberg. "We've been reconfiguring our workforce for a very long time," Stankey told Bloomberg.

Persons: —, John Stankey, Stankey, We've Organizations: Service, Bloomberg, Dallas, Bloomberg Radio Locations: Los Angeles, San Ramon , CA, Seattle, St, Louis, Washington ; Middletown , NJ, Bedminster , NJ, Atlanta

☆ US National Spelling Bee finalists vie for championship
▼ + stars: | 2023-06-01 | by ( Brendan O'Brien | ) www.reuters.com time to read: +2 min

[1/2] Competitors are adjusted by a person who is off camera as they celebrate moving to the semifinals of the Scripps National Spelling Bee competition in National Harbor, Maryland U.S., May 31, 2023. REUTERS/Leah Millis/File PhotoJune 1 (Reuters) - Eleven of the sharpest young spellers in the U.S. will compete on Thursday in the finals of the 2023 Scripps National Spelling Bee, having survived three early rounds by nailing words like "zwitterion" (a type of molecule) and "polissoir" (a polishing tool). The finalists, who range from 11 to 14 years old, beat out a field of 220 other competitors who participated in the three-day contest, held in National Harbor, Maryland, just outside of Washington, D.C. Scripps Co (SSP.O), the bee's sponsor, plus further monetary prizes and reference works from Encyclopedia Britannica and Merriam-Webster. Last year, Harini Logan, 14, from San Antonio, Texas, correctly spelled 22 words during a 90-second spell-off to claim the top prize.

Persons: Leah Millis, Webster, The Merriam, Aryan Khedkar, Vikrant Chintanaboina, Harini Logan, Brendan O'Brien, Matthew Lewis Organizations: Scripps, Spelling, National Harbor , Maryland U.S, REUTERS, Scripps Co, Encyclopedia, The, Webster, ION, ESPN, Thomson Locations: National Harbor , Maryland, U.S, Washington ,, Encyclopedia Britannica, Merriam, Waterford , Michigan, San Ramon , California, San Antonio , Texas, Chicago

☆ Global rice shortage is set to be the largest in 20 years – here's why
▼ + stars: | 2023-04-19 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +6 min

The global rice market is set to log its largest shortfall in two decades in 2023, according to Fitch Solutions. "At the global level, the most evident impact of the global rice deficit has been, and still is, decade-high rice prices," Fitch Solutions' commodities analyst Charles Hart said. That would mar the largest global rice deficit since 2003/2004, when the global rice markets generated a deficit of 18.6 million tonnes, said Hart. "The global rice production deficit situation will increase the cost of importing rice for major rice importers such as Indonesia, Philippines, Malaysia and African countries in 2023," said Tjakra. "It is our view that global rice production will stage a solid rebound in 2023/24, expecting total output to rise by 2.5% year on year," Fitch's report forecast, hinging on India being a "principal engine" of global rice output over the next five years.

☆ 130 Regal, Eastgate, and other movie theaters could close in the US — see the list of those already shuttering
▼ + stars: | 2023-04-11 | by ( Travis Clark | Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

Cineworld has sought to exit its leases for 130 theaters in the US. A bankruptcy court in Texas has already approved its plan to walk away from 47 of those locations. Cineworld filed for Chapter 11 bankruptcy in September. So far, the Texas bankruptcy court overseeing the proceedings has approved the company's plan to exit 47 leases, according to court filings. The North American box office hit $7.4 billion in 2022, according to Comscore, down from over $11 billion in 2019 and 2018.

☆ Chevron Weighs Extending CEO Mike Wirth Past Mandatory Retirement Age
▼ + stars: | 2023-02-13 | by ( Collin Eaton | Christopher M. Matthews | ) www.wsj.com time to read: 1 min

Chevron Corp.’s board of directors is considering waiving the company’s mandatory retirement age for Chief Executive Mike Wirth , a move that would allow him to remain CEO for a longer period, people familiar with the matter said. Some board members have said the San Ramon, Calif., oil company doesn’t have an internal candidate ready to succeed Mr. Wirth, who would reach the company’s fixed retirement age of 65 in late 2025, and that additional time would allow him to prepare a successor. The board members have also said they see no reason to push out an executive who has performed well, the people said.

☆ 5 ways to make affordable housing for all in 2023 — from construction laws to mortgage financing
▼ + stars: | 2023-01-01 | by ( Kelsey Neubauer | Alcynna Lloyd | ) www.businessinsider.com time to read: +11 min

Houston has been able to keep its housing affordable in large part because of just this, he said. Jeff Tucker, the chief economist at Zillow, also told Insider that the biggest hurdle to affordable housing was "zoning reform." California has already done this when its citizens voted to pass Proposition 46, which provides funding specifically for affordable housing. It allocated just shy of $1 billion to the multifamily sector, according to CCIM, and is expected to see $13 billion in private funds be pushed into affordable housing. In July, Ginnie Mae, a federally-backed mortgage provider, specifically focused on affordable housing, requested that a manufactured home mortgage program be extended.

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