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Typical starter homes are worth at least $1 million in a record 237 US cities, Zillow reported. Nearly half of these cities are in California, with New York and New Jersey also heavily represented. AdvertisementA record number of US cities now have typical starter homes worth at least $1 million, Zillow reported. On average, homebuyers can find seven-figure starter properties in 237 metros, the firm said, a considerable jump from where values stood five years ago. Zillow defined typical starter homes as properties in the lower third of values.
Persons: , Zillow Organizations: Service, metros, Business Locations: California, New York, New Jersey
Why fewer people are choosing to have kids
  + stars: | 2024-07-26 | by ( Madeline Holcombe | ) edition.cnn.com   time to read: +6 min
“A lot of people make the assumption because we don’t have kids, we’re not fulfilled,” Becky Hayden said. “We see majorities … saying having a fulfilling life doesn’t have much to do with whether someone does or doesn’t have children,” Minkin said. The reasons people aren’t having kidsThere were many reasons why people said they didn’t have kids, including financial concerns, infertility, or that it just didn’t happen, according to the research. For people younger than 50, the top reason reported for not having children was that they don’t want to. Many of the cons people reported in the Pew survey related to not having children come from the outside.
Persons: Becky Hayden, Seth, we’re, ” Becky Hayden, Ohio Sen, JD Vance, Tucker Carlson, they’ve, Pew reseachers, , , Rachel Minkin, ” Minkin, Dr, Linda Baggett, Baggett, Carissa Strohecker Hannum, Hayden, hasn’t, Minkin, ” Baggett, “ I’m Organizations: CNN, Pew Research Center, Pew, Republican, Fox News, Monarch Wellness Locations: California, United States, Ohio, Manhattan Beach , California, Washington, DC
Read previewElon Musk's transgender daughter said the Tesla CEO was an absent father who frequently rebuked her for being queer and feminine as a child. Wilson, who has stayed out of the public eye until now, told NBC News that Musk's comments went too far. Wilson told NBC News the book — which described her as being a supporter of "radical Marxism" via a quote from Musk's sister-in-law — was inaccurate and unfair. Isaacson also referred to Wilson by her middle name, Jenna, in the book, Wilson said. The author told NBC News that he reached out to Wilson's family members in an effort to reach her.
Persons: , Elon, Tesla, Vivian Jenna Wilson, Musk, Wilson, Justine Musk, Jordan Peterson, misgendering, I'm, Elon Musk, Richard Bord, Walter Isaacson, Musk's, Isaacson, Jenna, Peterson Organizations: Service, NBC News, Business, Getty, NBC Locations: California
The largest active wildfire in the US has scorched more than 280,000 acres in eastern Oregon and another blaze has exploded to nearly 125,000 acres in California. • Park Fire explodes in size: By Thursday morning, the wildfire had burned an average of nearly 50 football fields per minute since starting Wednesday afternoon. • Firefighters battle massive Oregon fire: The Durkee Fire, which has burned an area larger than the city of Indianapolis, started on July 17 near the Oregon-Idaho state line. • Oregon wildfire destroys buildings: Three people were injured and two homes and 12 other structures were destroyed as the fire spread, according to the Oregon Department of Emergency Management. In this image provided by the Oregon Department of Transportation, shows an area burned by the Durkee fire near Interstate 84 close to Huntington, Oregon, on July 23, 2024.
Persons: Tina Kotek, Justin Trudeau, ” Julia Yarbough, Yarbough, Ronnie Dean Stout, Mike Ramsey, , ” Stout, Ramsey, Stout, CNN Stout, Noah Berger, , Danielle Smith, Mike Ellis, ” Ellis, ” Smith, Jasper, Richard Ireland, Organizations: CNN, Western, Cal Fire, • Firefighters, Oregon -, Oregon Department of Emergency Management, Oregon Gov, National Guard, Northern Rockies, National Interagency Fire Center, Oregon Department of Transportation, KOVR, DA, , ’ ”, , Public Safety, Emergency, Jasper National, Facebook Locations: Western United States, Canada, Oregon, California, Atlanta, Butte County, Indianapolis, Oregon - Idaho, Baker County, Boise, Colorado , Idaho , Oregon, Washington, Jasper, Alberta, Western, Northwest, Huntington , Oregon, Chico, Butte, Bidwell, Butte County , California, ’ ” Alberta, , ” Alberta, ” Ireland
It’s Shark Season. How Worried Should You Be?
  + stars: | 2024-07-26 | by ( Erik Vance | ) www.nytimes.com   time to read: +19 min
California has very few shark attacks — just two recorded in 2023, fewer than New York and the Carolinas. The eastern coast from Virginia to New York doesn’t see many shark attacks, despite having many popular beach towns. Long Island in New York is, roughly speaking, the northern border of the bull and tiger shark ranges. Tiger Shark A 3D illustration of a Tiger Shark. Kentucky managed to rack up 12 shark attacks in 2006 after the aquarium in Newport opened a shark petting exhibit.
Persons: Meg ”, , , You've, Read, Long, Louis, Napoleon, manhandling You've, snorkelers, snorkelers ’, Bob, you’re Organizations: Florida Museum, New York Times, America . California Carolinas, Georgia Florida Gulf, Alaska You've, Daytona, Bull Sharks, Tiger Sharks, Sharks, Nurse Sharks Locations: United States, Hawaii, Washington State, America . California, Georgia Florida, Georgia Florida Gulf Coast Hawaii, States New, Pacific Northwest, Alaska, California, New York, Carolinas, Los Angeles, San Diego, Georgia, South Carolina, Florida, North Carolina, Cape, Volusia County, Gulf, Coast of Texas , Louisiana , Mississippi, Alabama, Texas . Galveston , Texas, Maui, States, Virginia, New England, Cape Cod, Massachusetts, Maine, Northwest, Oregon, Washington, Mississippi, of Mexico, Kentucky, Newport, St, Fla
AP —A court case could soon settle a spicy dispute: Who invented Flamin’ Hot Cheetos? In 1991, Montañez asked for a meeting with PepsiCo CEO Roger Enrico to pitch his spicy Cheetos, confident they would be a hit with the Latino community. Enrico granted the meeting, liked the presentation and directed the company to develop spicy Cheetos, according to the lawsuit. PepsiCo introduced Flamin’ Hot Cheetos in 1992. He published a memoir in 2021 and his life story was made into a movie, “Flamin’ Hot,” in 2023.
Persons: Richard Montañez, Montañez, Roger Enrico, Enrico, Fritos, , ” Montañez Organizations: PepsiCo, Los Angeles Times Locations: California, Ranch Cucamonga , California, Mexico, Southern California
Lin pours earnings from his day job into real estate. Managing rental properties: 'It's so minimal that I don't even consider it work'The majority of Lin's $1 million net worth is tied up in real estate. He chose to buy in Little Rock, where real estate prices are lower and rent is stable, he says. Lin bought a portfolio of three houses in March 2023, then another building in February 2024. Real estate takes up a lot of Lin's time when he's actively searching for a new place to buy, or when he's dealing with tenant turnover.
Persons: Moses Lin, Lin, Lin customizes, Sophie Epton, influencers, he'll, I'm, — I'm, I've, It's, he's, who's, we're Organizations: CNBC Locations: Southern California, Little Rock , Arkansas, California, Italy, Lake Como, Milan, Ireland, Dubai, Singapore, Chicago , New York, Little Rock
and the richest college athletic conferences joined with plaintiffs’ lawyers on Friday to enter a $2.8 billion settlement agreement of their class-action antitrust lawsuit. The filing outlines in some detail how schools would be allowed for the first time to pay college athletes directly. N.C.A.A., and two companion lawsuits would open the door to a new model for college athletics. As soon as a year from now, schools could begin to spend up to slightly over $20 million a year to pay athletes, a ceiling that would rise along with college athletics revenues. The settlement agreement sidesteps addressing Title IX, which among other things bars colleges from treating men’s and women’s sports unequally.
Locations: California
Sales of $100 million homes are on track to double this year, as surging financial markets and hopes for rate cuts fuel a recovery in the ultra-luxury real estate market, according to new reports. As of July 15, six homes in the U.S. have sold for more than $100 million, according to data from Miller Samuel and Douglas Elliman. If the sales pace continues, it would more than double last year's total and likely eclipse the record of nine homes sold for over $100 million in 2021. But sales of homes priced at $50 million, $20 million and even $10 million are all signaling a strong rebound for the ultra-luxury real estate market after its decline in 2023. A penthouse at Central Park Tower — the tallest residential building in the world — closed for $115 million to an unknown buyer.
Persons: Robert Frank, Miller Samuel, Douglas Elliman, Jonathan Miller, Aman, Vladislav Doronin, Oakley, James Jannard Locations: U.S, Manhattan, York, Russian, Palm, Tarpon Island, California
New York CNN —Federal prosecutors in California on Friday charged prominent investor Andrew Left with multiple counts of securities fraud involving “a long-running market manipulation scheme” yielding at least $16 million in profit. Short-sellers, including Left, often present themselves as researchers sniffing out misleading or fraudulent businesses through independently published reports on their targets. Left, 54, was charged with one count of engaging in a securities fraud scheme, 17 counts of securities fraud, and one count of making false statements to federal investigators. Each securities fraud count carries a maximum prison sentence of 20 years. Separately, the SEC on Friday accused Left and his firm of running a $20 million scheme to defraud his social media followers by publishing false and misleading reports.
Persons: Andrew Left, , Citron, Left, ” Citron, Organizations: New, New York CNN, Federal, Justice, Left, Citron Research, Enron, Securities and Exchange Commission, SEC Locations: New York, California
Harris For President Campaign | Via ReutersFinancial experts describe Vice President Kamala Harris' investment style in one word: Boring. In her role as vice president, Harris filed a public financial disclosure report for 2023, which was signed in May. Carolyn McClanahan, a certified financial planner and founder of Life Planning Partners in Jacksonville, Florida, who also reviewed Harris' financial disclosure, said it makes her "heart sing" to see Harris investing in low-cost passive investment strategies. Since 2020, mortgage rates have increased substantially, which means the couple missed their chance to lock in a low rate for a longer term. McClanahan said she urged everyone to lock in the record low mortgage rates that were available back then.
Persons: Kamala Harris, Barack Obama, Michelle Obama, Harris, Dustin Thackeray, She's, Thackeray, Carolyn McClanahan, McClanahan, Vance, , Second, Douglas Emhoff, Barry Glassman, Glassman, Cash, Emhoff, it's, Ted Jenkin, Atlanta . Jenkin Organizations: Democratic, Reuters, Crewe Advisors, Planning Partners, CNBC, Finance, GOP, Wealth, CNBC's, Council Locations: U.S, Salt Lake City, Jacksonville , Florida, California, Atlanta .
Ryan Kendall’s crew of firefighters arrived too late to save the house on Dear Abby Road. All that was left on Friday, amid the thick forests that surrounded it, was a jumble of smoking household appliances licked by hissing flames. The plastic from the home’s giant water storage tanks was fully ignited and dripping fire onto the forest floor. Dear Abby Road is in a neighborhood, Forest Ranch, that is hauntingly similar to the community that was decimated six years ago in the town of Paradise. As the crow flies, Forest Ranch is just 10 miles and a few gullies away, built into the evergreen forest on steep hillsides.
Persons: Ryan Kendall’s, Abby, , Kendall Locations: Los Angeles, California, Forest, Paradise
The wildfire shut down the main highway to Yosemite National Park as red flag fire warnings and high temperatures continue throughout the state. Wildfires are blazing across western U.S. and Canada, prompting thousands to evacuate, shutting down highways and fouling the air quality over several states. In the U.S., wildfires are raging in Oregon, California and Washington, illuminating skies with bright orange flames and haze. In California, the Apache fire sparked Tuesday evening near Highway 33 and Apache Canyon Road in Ventura County in the Los Padres National Forest. The blaze, estimated to be 250 acres, led the county to order evacuations for residences on Apache Canyon Road, local fire officials said.
Persons: There's Organizations: Yosemite National, Baker City, state's Department of Transportation, NBC, Associated Press, Apache, Los Padres National Forest Locations: Mariposa , California, Yosemite, U.S, Canada, Oregon , California, Washington, Oregon, Ontario, Baker, Malheur, Cow, Huntington, Boise , Idaho, Naches, Bickelton, California, Ventura County
Reuters —California’s top state court on Thursday upheld a measure approved by voters allowing app-based services such as Uber and Lyft to consider drivers in the most populous U.S. state as independent contractors rather than as employees entitled to greater benefits. Whether gig workers should be treated as employees or contractors is a crucial issue for the ride-service industry. California is just one front in a nationwide legal battle over the classification of gig drivers and other contract workers. In June, Uber and Lyft agreed to adopt a $32.50 hourly minimum wage for drivers in Massachusetts and pay $175 million to settle a lawsuit by the state claiming they improperly treated drivers as independent contractors. A proposal that would allow app-based drivers to unionize will go before voters in the state in November.
Persons: Reuters —, Lyft, Uber, , Tia Orr, Organizations: Reuters, Service Employees International Union, SEIU, Employees, California Supreme Locations: U.S, California, SEIU California, Minnesota, Minneapolis, Massachusetts
In the three days since President Biden announced he was quitting the 2024 race, Mr. Trump has entered foreign territory. But within 24 hours, Democratic leaders unofficially crowned Ms. Harris and stamped out any notable opposition. His team considered mounting legal challenges to her campaign committee to make it harder for Ms. Harris to hit the ground running. And Mr. Trump is still cycling through nicknames for Ms. Harris — a sign that he hasn’t yet figured out how he intends to portray her. And some Trump campaign officials have telegraphed plans to “Willie Horton” Ms. Harris.
Persons: Donald J, Biden, Trump, It’s, Kamala Harris, Mr, Biden’s, Harris, , , viscerally, jostled, Erin Schaff, Brian Hughes, ” Mr, Biden’s “ Cackling, Laffin ’ Kamala Harris, , Kamala ”, Hillary Clinton, Kamala, Alex Castellanos, that’s, Kevin McCarthy, Mike Johnson, Doug Mills, ” Liam Donovan, ” Guy Cecil, “ Kamala Harris, David McCormick, Biden’s frailty, Willie Horton ” Ms, Michael Dukakis, Horton, Dukakis, Hilary Rosen Organizations: Republican National Convention, Democratic, Sunday, Black, Trump, The New York Times, Mr, Republicans, Republican, Indian, Indian American U.S, New York Times, National Republican, “ Republicans, Green, MAGA Inc Locations: Wilmington, Del, Indian American, Grand Rapids, Mich, Credit, Charlotte, , Pennsylvania, Massachusetts, California
Ford thinks bigger is not always better
  + stars: | 2024-07-25 | by ( Tom Carter | ) www.businessinsider.com   time to read: +3 min
CEO Jim Farley told investors in an earnings call on Wednesday that when it comes to EVs, bigger is not always better — and said that the company's future would depend on its ability to build smaller, cheaper electric vehicles. Advertisement"In ICE [Internal Combustion Engine], a business we've been in for 120 years, the bigger the vehicle, the higher the margin," Farley said. The company continues to lose money on its electric vehicle business amid an industry-wide slowdown in demand for EVs. Ford has quietly created a secretive "skunkworks" team, reportedly based in California, to build this new platform. "We have to start to get back in love with smaller vehicles.
Persons: , Tesla, Jim Farley, Farley, Ford Organizations: Service, EV, Business, Detroit, Tesla, Ford, Aspen Ideas Locations: California
Gavin Newsom ordered California state officials on Thursday to begin dismantling thousands of homeless encampments, the nation’s most sweeping response to a recent Supreme Court ruling that gave governments greater authority to remove homeless people from their streets. Homeless encampments have vexed California, where housing costs are among the nation’s highest, more than any other state. An estimated 180,000 people were homeless last year in California, and most of them were unsheltered. Unlike New York City, most jurisdictions in California do not guarantee a right to housing. Mr. Newsom, a Democrat, called on state and local leaders to “humanely remove encampments from public spaces” in an urgent manner, prioritizing those that most threaten health and safety.
Persons: Gavin Newsom, Newsom Organizations: New, Democrat, Democratic Locations: California, New York City
Then he had an idea: He could look for extra work to boost his income and professional skills. AdvertisementPatrick, who's 34 and based in California, made nearly $200,000 last year secretly working two full-time remote jobs and doing additional freelance work on the side. While some companies may be OK with their employees taking on extra work, doing so without approval could have consequences. Then, in 2022, Patrick started a second full-time remote job while retaining three freelance clients. He said his freelance work has turned into a full-fledged business — he established an LLC last December.
Persons: , Patrick, it's, jugglers, He's Organizations: Service, Business Locations: California
Vivian Jenna Wilson, the transgender daughter of Elon Musk, said Thursday in her first public interview that he was an absent father who was cruel to her as a child for being queer and feminine. Wilson, 20, in an exclusive interview with NBC News, responded to comments that Musk made Monday about her and her transgender identity. She told NBC News that at the time, she was surprised by the media attention to the court filing, which she submitted when she was 18. Wilson told NBC News that those anecdotes are not true, though she said she did act stereotypically feminine in other ways as a child. Musk told Peterson that Wilson's gender transition has been the motivation for his push into conservative politics.
Persons: Elon Musk, Porte, Vivian Jenna Wilson, Wilson, Musk, I'm, Musk's, Justine Musk, He's, Donald Trump, Jordan Peterson, Peterson, Walter Isaacson —, Christiana Musk, she's, Jenna, Isaacson, Wilson —, Let's, they'll, — CNBC's Lora Kolodny Organizations: SpaceX, Tesla, Viva Technology, Porte de, NBC News, NBC Locations: Paris, Los Angeles, Tesla, California
Read previewThis as-told-to essay is based on a conversation with Angelica Miller, a 31-year-old recruiter from Arizona who was recently laid off. My last boss and I were friends. We became friends instantlyBefore she became my boss, she was my peer. My coworkers and boss have been nothing but kind to me, but I can't help but feel skeptical of their authenticity. I don't have any regrets about being friends with my boss, but I definitely won't do it again.
Persons: , Angelica Miller, It's, I've, I'd, it's, Miller, Tess Martinelli, tmartinelli@businessinsider.com Organizations: Service, Business Locations: Arizona, California
After just under three months of living in Utah, she's already planning to move back. She settled on Salt Lake City, which in recent years has become a business and tech hub. She's already gearing up to move back to San Diego once her kid is older and she's more financially stable. She said the food was "infinitely better" in San Diego with much more variety, and San Diego had many more cultural and entertainment opportunities. She hopes to raise her salary to about $200,000, which she feels would be enough to live more comfortably in San Diego.
Persons: Kate M, she's, Kate, Utah Kate, San, I've, wouldn't, didn't, It's, She's, California Kate, Organizations: Service, Business, San Diego, LA Locations: San Diego, Utah, California, San, Salt Lake City, Arizona, Los Angeles, Diego, South Utah, She's
Jacob applied to Toulouse Business School and received an interview within two days. She had graduated cum laude from high school and had a good chance of getting into colleges in California, Jennifer said. AdvertisementBut Phoebe already had a taste of the European college experience. AdvertisementAccording to U.S. News & World Report, tuition fees at private universities have increased by 40% from 2004 to 2024, while in-state tuition fees for public universities have risen by about 38% over the same time period, adjusted for inflation. Multiple benefits to studying abroadFor the Zeidberg family, the lower tuition fees in Europe were an added bonus.
Persons: , Lou Zeidberg, Lou, Jacob, Jennifer, Europe Jacob, He's, Phoebe, Isabella Ambrosio, Ambrosio, Dalia Goldberg Organizations: Service, University of California, California State University, Business, Toulouse Business School, IE University, IE, Law, International Relations, U.S . News, College Board, YouGov, BI, UC Locations: Berkeley, San Diego, California, Netherlands, Toulouse, France, Europe, Monterey Bay , California, Morocco, Saudi Arabia, Cyprus, Spain, U.S, Chicago, Ireland, American, Philadelphia, Montreal
The outcome of the U.S. presidential election and its implications for the crypto industry got more uncertain this week after Vice President Kamala Harris entered the race following President Joe Biden's exit. Many are now wondering what a Harris administration could mean for crypto – especially following years of an anti-crypto crusade led by Biden-appointed SEC Chair Gary Gensler and Sen. Elizabeth Warren, D-Mass. On Tuesday, a day after Harris launched her campaign, billionaire Mark Cuban said her advisors had begun reaching out to him about crypto policy . Bitcoin, the largest cryptocurrency, had recently seen a boost as Trump incorporated crypto into his platform. The crypto industry sees itself as nonpartisan, and in recent weeks has bipartisan support for crypto in Congress has been growing.
Persons: Kamala Harris, Joe Biden's, Donald Trump, , Harris, Biden, Gary Gensler, Sen, Elizabeth Warren, Harris doesn't, they've, , Kristin Smith, Devin Ryan, Mark Cuban, Trump, JMP's Ryan, that's, Ryan, Smith, Nancy Pelosi, Adam Schiff, it's Organizations: U.S, Republican, SEC, Democratic, Democratic Party, Blockchain Association, JMP Securities, Trump, BTC, SAB, Innovation, Technology, Futures Trading Commission Locations: Nashville, bitcoin, California
Charlotte, North Carolina CNN —Donald Trump will step out onto the campaign trail Wednesday to an entirely new race and a political landscape once again irrevocably altered by an unprecedented election year. Meanwhile, Trump and his campaign are working to reimagine a playbook and operation launched to take on an unpopular 81-year-old incumbent. He predicted that Harris would start “gaining on or even leading President Trump” in the polls, though he also insisted that the “honeymoon” period would end. Trump’s appearance in Charlotte will provide his first opportunity to contrast himself with Harris before voters in a battleground state. But it was left off the list of states that the Biden campaign viewed as most winnable in a sobering post-debate assessment of the race.
Persons: North Carolina CNN — Donald Trump, Joe Biden, Kamala Harris, Harris, Trump, , “ Biden, , Biden, ” Trump, Trump’s, Harris ’, Tony Fabrizio, Trump ”, Fabrizio, ” Fabrizio, Harris “, Joe Biden’s, , ” Harris, CNN’s Kate Sullivan Organizations: North Carolina CNN, Trump, Democratic Party, Democratic, Fox, The Democratic National Committee, Biden, San, Democrat, MAGA Inc Locations: Charlotte, North Carolina, Georgia, Minnesota, California, San Francisco, Arizona , Georgia, Nevada, Pennsylvania
Biden won California by 29 points in 2020, and Harris will surely win the deep blue state in her own right. Along the way, Harris' political trajectory opened up doors to places that other candidates eyeing the White House have to fly across the country to reach. AdvertisementAs a presidential candidate, Harris won't be a stranger to the tech giants that fueled so much growth in her state. And should Harris win the White House, there'd be a familiar face influencing policy and legislation on relevant tech issues for the foreseeable future, which is something that doesn't come along everyday. Harris hasn't secured the Democratic nomination yet, but if she does, California could be in for some of its sunniest days yet.
Persons: , Nancy Pelosi, Kevin McCarthy, Pelosi, McCarthy, Kamala Harris, Joe Biden, Harris, Biden —, Hillary Clinton, Mike Levin, there'd, Harris hasn't Organizations: Service, US, Capitol, Business, Democratic, Biden, California, Senate, White Locations: San Francisco Bay, California, Delaware, Golden State, Los Angeles County, Orange County, Orange, San Diego, Oakland, San Francisco, Francisco's, Hollywood, Silicon, Los Angeles
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