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☆ Homes made in factories were supposed to save us from the housing crisis, but the companies that make them are failing
▼ + stars: | 2024-01-14 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

But the world of modular housing, which includes multi-unit apartment buildings and conventional-looking houses, is littered with companies that have gone bust. AdvertisementThese restrictive policies often reflect the lingering perception that factory-built homes are inferior to traditional housing, Erlich said. Investors aren't convinced there's sufficient and consistent demand for modular housing in most markets. They tend to be run by people with deep experience in the construction industry, Erlich said. AdvertisementDo you work in the modular housing industry?

Persons: —, Mark Erlich, Katerra, Erlich, Andrew Justus, Justus, Biden, aren't, there's Organizations: Service, New England Regional, of Carpenters, Urban, Niskanen, of Housing, Motors, Avana, Factory, New York Times Locations: Silicon, California, Brooklyn, Manhattan, San Francisco Bay

☆ Photographs show the dramatic transformation of San Francisco’s salt ponds
▼ + stars: | 2024-01-10 | by ( Nell Lewis | ) edition.cnn.com time to read: +8 min

But these shades are not mixed on a palette, they are unfiltered snapshots of San Francisco Bay’s salt ponds. Barbara BoissevainAlthough perhaps less photogenic, the shift is a positive sign, says Dave Halsing, executive project manager of the South Bay Salt Ponds Restoration Project. Today, Cargill still operates 12,000 acres of salt ponds, capable of crystallizing half a million tons of sea salt each year. She remembers visiting the salt ponds for the first time during a science class in third grade. She started by going up in the air once a year to photograph the salt ponds.

Persons: CNN — Barbara Boissevain’s, Mark Rothko, Dunaliella, Barbara Boissevain, Dave Halsing, ”, Boissevain, “, David Maisel Organizations: CNN, Cargill, Menlo Park, Meta, Facebook, Kehrer Verlag, San Jose State University Locations: Francisco, Salt, Manhattan, Dunaliella salina, Silicon, Menlo, Ravenswood Ponds

☆ AI Career Switchers: Meet Five People Who Quit Old Roles for AI Jobs.
▼ + stars: | 2024-01-02 | by ( Aaron Mok | ) www.businessinsider.com time to read: +10 min

These workers in accounting, product management, defense, and music quit their jobs to work in AI. Moritz Kremb quit his product manager job to focus on his AI business. Ted Lebantino says there's a high learning curve in developing AI skills. To make the jump into AI, Kremb suggests making a name for yourself on social media by creating content about AI. As for Fineberg, the AI startup CEO says you don't even need to quit your job to break into it.

Persons: —, Moritz Kremb, OpenAI's ChatGPT, Kremb, Weeks, Moritz Kremb There's, who've, Justin Fineberg, there's, Justin Fineberg Justin Fineberg, Uber, Fineberg, Jacqueline DeStefano, Tangorra, Lockheed Martin, Ted Lebantino, — Lebantino, Javier Orman, Javier Orman DeStefano, DeStefano, Orman, switchers Organizations: Service, Business, Meta, Netflix, New Yorker, Omni Business Intelligence Solutions, Lockheed, San Francisco Bay Area, LinkedIn Locations: New, New York, Long, San Francisco Bay, Chicago

☆ Equinix is arming its data centers with the latest cooling technology to prepare for the AI boom
▼ + stars: | 2023-12-11 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +2 min

Equinix is preparing for the generative-AI boom by arming more than 100 of its data centers with advanced liquid-cooling technologies. Its 250 data-center facilities rent space, hardware, and broadband to other companies to store data and run workloads in the cloud. The data centers will include new liquid-cooling technology, which helps lower the temperatures of Equinix's machines. The first of the company's data centers to host the new technology will be completed in the first quarter of 2024. Lin said Equinix already offers in-rack heat exchangers at most of its locations and has typically provided more advanced technologies on a "bespoke" basis.

Persons: Jon Lin, Lin, Equinix Organizations: San, San Francisco Bay Area, Business Locations: London, San Francisco Bay, Singapore, Equinix

Indeed, studies show that drinking alcohol is less in vogue with younger millennials and Gen Z. Mounting concern around weight loss drugs GLP-1 drugs, which mimic the action of the glucagon-like peptide-1 hormone and stimulate insulin secretion after a meal, lower blood sugar and send feeling of fullness to the brain. What's more, GLP-1 drugs are an overwhelmingly American topic, with most Europeans unaware of them or unwilling to pay high prices. In total, GLP-1 users are only a very small slice of total alcohol consumers, said Spiros Malandrakis, lead alcohol industry researcher at Euromonitor International. The most vulnerable purveyors are those that are trailing the shift in consumption, notably domestic, non-premium beer brands.

Persons: Katie Pell, Pell, wasn't, millennials, Eli Lilly's Mounjaro, Goldman Sachs, Jason English, Nadine Sarwat, Bernstein, Sarwat, Spiros Malandrakis, —, BUD YTD, who'd, Mickey Velado, Brian Sudano, Nell Healy, Healy, she's, Malandrakis, Ryan Brigden, Brigden, Sudano, Joseph Gabelli, Gabelli, Z, there's, it's, Garrett Nelson, They've, seltzer, Nelson, Molson Coors, Bud, he's Organizations: Gallup, Drugs, Nordisk's Ozempic, JPMorgan, CNBC, Euromonitor, Anheuser, Busch Inbev, Beverage Marketing, Constellation, Guinness, Corona, Heineken, Athletic Brewing Company, Heineken Holding, Carlsberg, Constellation Brands, Malandrakis, Beverage, Gabelli, Diageo, Molson Coors, Busch InBev, Molson, Anheuser Busch Locations: Brooklyn, U.S, GLP, imbibing, Angeles, Colorado, Washington, California, North Carolina, San Francisco Bay, Europe, British, Brazil, India

☆ Breadcrumbing: What it means and examples in dating or relationships
▼ + stars: | 2023-12-04 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

Our seven-part guide has tips to help you make more informed decisions around personal finance, career, wellness and personal connections. Others may just be conflicted about what they want, or uncomfortable with intimacy due to their upbringing or trauma, experts said. These people may also feel inadequate and incapable of engaging in healthy, authentic relationships. Healing from breadcrumbingIf breadcrumbing is happening in a relationship that’s important to you, confronting the person is worth it, Campbell said. Being able to recognize breadcrumbing is the first and most important step, experts said.

Persons: Duygu Balan, ”, Monica Vermani, ” Vermani, Balan, —, Kelly Campbell, San Bernardino —, Vermani, “, …, Campbell, you’ve, I’m, it’s, ” Balan, you’re Organizations: CNN, San Francisco Bay Area, California State University, San Locations: San Francisco Bay, Canada

☆ Does Your Wedding Need a ‘Social-Media Concierge?’
▼ + stars: | 2023-12-02 | by ( Alexa Corse | ) www.wsj.com time to read: 1 min

Yssabel Pangilinan, a software engineer in the San Francisco Bay Area, hired a traditional photographer and videographer to capture memories of her wedding at a Napa Valley estate in June. Tiers of joy“For me, that wasn’t good enough,” says Pangilinan, 30. Conventional pictures and videos often take weeks to be edited and delivered. “I wanted to be able to see something right away,” she adds.

Persons: Yssabel, ”, “ Organizations: San Francisco Bay Area Locations: San Francisco Bay, Napa

☆ Does Your Wedding Need a $3,500 ‘Social-Media Concierge?’
▼ + stars: | 2023-12-01 | by ( Alexa Corse | ) www.wsj.com time to read: 1 min

Persons: Yssabel, ”, “ Organizations: San Francisco Bay Area Locations: San Francisco Bay, Napa

☆ The New Wedding Must-Have: $3,500 Instagram Consultant
▼ + stars: | 2023-12-01 | by ( Alexa Corse | ) www.wsj.com time to read: 1 min

Persons: Yssabel, ”, “ Organizations: San Francisco Bay Area Locations: San Francisco Bay, Napa

☆ Broadcom CEO Hock Tan plans to consolidate teams at VMware: 'I don't need two sales organizations'
▼ + stars: | 2023-11-30 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +2 min

Broadcom CEO Hock Tan plans to consolidate some teams at VMware following his blockbuster acquisition of the cloud software provider. He said Broadcom plans to consolidate offices and teams at VMware, particularly those in sales, HR, and finance, according to a recording of the meeting reviewed by Business Insider. "Broadcom has a software group that sells to many of the same customers VMware sells to," Tan said at the meeting. Already, Broadcom has started laying off VMware employees, BI first reported. Besides consolidating teams and laying off employees, Broadcom is looking into strategic alternatives for its End-User Computing and Carbon Black units, Tan said in an email last week.

Persons: Hock Tan, Tan Organizations: Broadcom, VMware, Business, San Francisco Bay Area, San Francisco Chronicle Locations: San Francisco Bay, Palo Alto

Jan Sramek has spent the past several months in restaurants and conference rooms pitching politicians, environmentalists and labor unions on a plan to erect a new California city on open farmland in an eastern corner of the San Francisco Bay Area. The project is backed by a host of big Silicon Valley names, including the venture capitalists Michael Moritz and Marc Andreessen, the LinkedIn co-founder, Reid Hoffman, and the Emerson Collective founder, Laurene Powell Jobs. At an event Wednesday evening, Mr. Sramek, the chief executive of a company called California Forever, took his case to the Solano County voters. Mr. Sramek took it in stride, patiently answering questions and appearing mostly unruffled. He promised improved infrastructure, employment and middle-class homes for the county’s 450,000 residents.

Persons: Jan Sramek, Michael Moritz, Marc Andreessen, Reid Hoffman, Laurene Powell Jobs, Sramek, ”, “ Flannery Will Ruin Organizations: San Francisco Bay Area, LinkedIn, Emerson Collective, Solano County voters, Vallejo Naval, Historical Museum Locations: California, San Francisco Bay, Solano County

☆ She bought a house without using a realtor. Did you?
▼ + stars: | 2023-11-28 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Diem Nguyen recently bought a home near San Francisco without using a real-estate broker. AdvertisementIn October, Diem Nguyen bought a home in the San Francisco Bay Area for $1.6 million — without a realtor. About 88% of homebuyers this year used a real-estate agent, Zillow found . Have you bought a home without a real-estate agent? (Aalto does have a team of real-estate agents working behind the scenes, but they are salaried rather than paid by commission.

Persons: Diem Nguyen, —, Aalto, Buyers, Nguyen, Zillow, Sellers, Jordan Pandy, Ilyce Glink, Samuel J, Tamkin Organizations: Service, San Francisco Bay Area, country's, Buyers, Rocket Mortgage, Washington Post, Sarasota Herald, Tribune Locations: San Francisco, San Francisco Bay, California, Washington, Zillow, Sarasota

☆ Mastercard will soon be widely accepted in China
▼ + stars: | 2023-11-21 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

The US credit card giant announced Monday that it had received clearance from China’s central bank and the financial regulator to launch a bank card business in China through its joint venture with partner NetsUnion Clearing Corporation (NUCC). Mastercard (MA) will be able to start issuing Chinese yuan-denominated bank cards under its own brand, according to a Sunday statement from the People’s Bank of China (PBOC). Mastercard CEO Michael Miebach took part in a CEO summit on the sidelines of the Asia-Pacific Economic Cooperation (APEC) forum that Xi and other leaders from across the Pacific were in town to attend. Like other foreign payments providers, Mastercard has campaigned for years to expand its business in China. Previously, it was only authorized to issue co-branded cards, such as those with China UnionPay, the state-owned bank card network.

Persons: Xi Jinping, Joe Biden, Xi, Michael Miebach, Elon Musk, Tim Cook, Miebach, China UnionPay, Amex Organizations: Hong Kong CNN, Mastercard, NetsUnion Clearing, People’s Bank of China, New, San Francisco Bay Area, Economic Cooperation, Apple, American Express, Visa Locations: China, Hong Kong, Beijing, Washington, New York, San Francisco Bay, United States, Asia

☆ San Francisco Bay's only private island is on sale for $25 million — but there's a catch
▼ + stars: | 2023-11-20 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +3 min

San Francisco Bay's only private island is on the market for $25 millionRed Rock Island lacks basic infrastructure like power and running water. AdvertisementSan Francisco Bay's only private island is on the market for $25 million — but there's no electricity or running water, reported The Wall Street Journal. The island has been put up for sale several times in recent years for between $5 million and $22 million, Durning told WSJ. In September, a private island in Solano County, California was put on the market for $75 million. And in August, a private island in Maine with a cottage and lighthouse was listed for $400,000.

Persons: Francisco Bay's, Brock Durning, hasn't, —, Chris Lim, Lim, Durning Organizations: Service, Street, Contra Costa, Christie's, Estate, Rafael Bridge, Google, San Francisco Chronicle Locations: Francisco, Richmond, Rafael, Marin, Alaska, Solano County , California, Maine

☆ San Francisco Bay’s One and Only Private Island Lists for $25 Million
▼ + stars: | 2023-11-18 | by ( E.B. Solomont | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. Tech billionaires, take notice: The only private island in San Francisco Bay is coming on the market for $25 million.

Organizations: Tech Locations: San Francisco Bay

Japan's Prime Minister Fumio Kishida and South Korea's President Yoon Suk Yeol along with moderator and former U.S. Secretary of State Condoleezza Rice attend a summit discussion, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, at the Stanford, California, U.S., November 17, 2023. REUTERS/Brittany... Acquire Licensing Rights Read morePALO ALTO, California, Nov 17 (Reuters) - South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida pledged cooperation on clean-energy supply chains, quantum computing and other innovative technology during a Silicon Valley roundtable on Friday. Yoon and Kim met one on one and together with Biden on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, which ended on Friday. In addition to military and economic cooperation, Yoon and Kishida on Friday signaled work on science and technology would be a central to their relationship-building. "But for President Yoon and myself, this is the Big Game," Kishida said.

Persons: Fumio Kishida, Yoon Suk, State Condoleezza Rice, PALO, Yoon Suk Yeol, Yoon, David, Joe Biden, Kim, Biden, Kishida, lecterns, Ann Saphir, William Mallard Organizations: Japan's, U.S, State, Economic Cooperation, Stanford, REUTERS, San Francisco Bay Area, University of California, Thomson Locations: Asia, California, U.S, Brittany, PALO ALTO , California, San Francisco, China, North Korea, Washington, Korean, South Korea, San Francisco Bay, Berkeley

☆ Why a retiree planning to pay $1 million to live on a luxury cruise ship changed his mind: "Is this going to happen in my lifetime?'
▼ + stars: | 2023-11-17 | by ( Brittany Chang | Kate Taylor | ) www.businessinsider.com time to read: +3 min

A 70-year-old buyer has asked Storylines to refund his deposit for a $1 million condo on the MV Narrative. The startup has delayed the launch of its residential ship from 2019 to December 2026. At the time, it seemed like he had found the answer through a Facebook ad for Storylines and its luxurious $900 million residential cruise ship . AdvertisementStorylines is selling condos aboard the future MV Narrative for between $1 million to $8 million. Nine former employees, consultants, and investors told Business Insider they question if the MV Narrative will ever exist beyond renderings.

Persons: —, Mike Kasperzak, Kasperzak, he's, Alister Punton, I'm Organizations: Service, San Francisco Bay Area, Business Locations: San Francisco Bay

☆ Japan's Kishida, S. Korea's Yoon Talk Tech, Cooperation in Silicon Valley
▼ + stars: | 2023-11-17 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

By Ann SaphirPALO ALTO, California (Reuters) - South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida pledged cooperation on clean-energy supply chains, quantum computing and other innovative technology during a Silicon Valley roundtable on Friday. The two have meet several times since a Camp David summit with U.S. President Joe Biden in August. Yoon and Kim met one on one and together with Biden on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, which ended on Friday. In addition to military and economic cooperation, Yoon and Kishida on Friday signaled work on science and technology would be a central to their relationship-building. "But for President Yoon and myself, this is the Big Game," Kishida said.

Persons: Ann, PALO, Yoon Suk Yeol, Fumio Kishida, Yoon, David, Joe Biden, Kim, Biden, Kishida, lecterns, Ann Saphir, William Mallard Organizations: Economic Cooperation, Stanford, San Francisco Bay Area, University of California Locations: PALO ALTO , California, Asia, San Francisco, China, North Korea, Washington, Korean, South Korea, San Francisco Bay, Berkeley

☆ Analysis: Xi signals shift in tone for China on US – but can it last?
▼ + stars: | 2023-11-16 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

This reversal comes as China grapples with a troubled economy and is keen to highlight Xi as a powerful and capable world leader. Xi’s opticsOn Chinese state media and across social media platforms, where the hashtag #Planet-Earth-Is-Big-Enough-For-Both-China-And-The-US was trending, the broad perception appeared to be of a job well done. The positive coverage of the event was a break from the typical rhetoric critical of the US that often plays across Chinese state and social media. US President Joe Biden and Chinese leader Xi Jinping walk together during their bilateral meeting. “China will eventually achieve reunification, and will inevitably achieve reunification,” Xi was quoted as saying — another line that was also trending on Chinese social media following the meeting.

Persons: Xi Jinping, Joe Biden, Biden, ”, Antony Blinken, Mao Ning, It’s, Xi, “, Xi’s, Alfred Wu, Lee, Wang Yi, Wang, ” Wang, ” Xi, Tim Cook, Elon Musk, Brendan Smialowski, Liu Dongshu, Biden’s Organizations: Hong Kong CNN, Foreign Ministry, Lee Kuan Yew, of Public Policy, China’s, Economic Cooperation, Apple, Tesla, Getty, Communist Party, Beijing, City University of Hong Locations: China, Hong Kong, United States, Beijing, Washington, Bay, San Francisco Bay Area, Taiwan, Singapore, California, America, Asia, AFP, City University of Hong Kong

From left, President Xi Jinping and President Joe Biden. Getty ImagesPresident Joe Biden hopes to walk away from his closely watched summit with Chinese President Xi Jinping on Wednesday having put the US-China relationship on steadier footing after months of tension between the two superpowers. With conflicts raging in the Middle East and Europe as he prepares to fight for reelection, Biden hopes to prevent another crisis from exploding on his watch. He is not only looking to demonstrate to Americans – but also to Xi directly – why an improved relationship with Beijing is in everyone’s interests. “Intense competition requires and demands intense diplomacy to manage tensions and to prevent competition from verging into conflict or confrontation.”Read more about Biden’s meeting with Xi.

Persons: Xi Jinping, Joe Biden, Biden, Xi, week’s Biden, Jake Sullivan, Wang Yi, Antony Blinken, Janet Yellen, Gina Raimondo, John Kerry, —, ” Organizations: Getty, Foreign, China’s, American, “ Locations: China, East, Europe, Beijing, California, Washington

☆ Live updates: Biden and Xi hold meeting in San Francisco Bay area
▼ + stars: | 2023-11-15 | by ( Kyle Feldscher | Maureen Chowdhury | ) edition.cnn.com time to read: +3 min

NEW YORK (AP) — Target on Wednesday reported better-than-expected profits and sales in its third quarter, benefiting from efforts to hold down costs. Revenue slipped more than 4%, however, with customers saddled with broadly higher costs as the holiday season nears. Political Cartoons View All 1247 ImagesAnalysts were expecting a profit of $1.47 per share on revenue of $25.29 billion in the quarter, according to FactSet. That metric was down 5.4% in the fiscal second quarter and in the fiscal first quarter, sales were unchanged. For the fourth quarter, Target expects comparable sales in a wide range around a mid-single digit decline, and earnings per share of $1.90 to $2.60 per share.

Persons: Costumers, Cornell, they’re, Brian Cornell, Target, — Organizations: Revenue, Target, Walmart, San Francisco Bay Area Locations: Minneapolis, U.S, New York, Harlem, San Francisco Bay

☆ Morning Bid: UK inflation to test market's upbeat mood
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +3 min

Ten-year and two-year Treasury yields dropped 20 basis points and the dollar marked its steepest selloff in a year, highlighting how much markets' expectations - and cash - were riding on the data. A pivot from hikes to cuts is now priced for May in the interest rate futures markets, with a 30% chance it happens as soon as March. Expectations are for a big shift down for October, mainly due to falling energy prices, with annual headline inflation seen slipping below 5% for the first time since 2021. Chipmaker Infineon (IFXGn.DE) and troubled energy company Siemens Energy (ENR1n.DE) post earnings on Wednesday, although the latter's numbers are likely to be overshadowed by Tuesday's promise of an $8 billion government backstop from Germany. A drop is forecast, while a strong reading could dampen the exuberance over rate cut expectations.

Persons: Kevin Coombs, Tom Westbrook, Sterling, Al, Xi Jinping, Joe Biden, Tuesday's, Biden, Tom Wesbtrook, Edmund Klamann Organizations: REUTERS, U.S, CPI, Infineon, Siemens Energy, Alstom, Target, San Francisco Bay Area, Thomson Locations: London, Britain, East, Israel, Gaza, Al Jazeera, United States, China, Singapore, Germany, San Francisco Bay

WOODSIDE, Calif. (AP) — President Joe Biden and Chinese President Xi Jinping greeted each other with a warm handshake Wednesday as they met on the sidelines of the Asia-Pacific Economic Cooperative conference. The two leaders last spoke a year ago, and since then, already fraught ties between the nations have been further strained. Biden and Xi were speaking behind closed doors at the Filoli Historic House and Garden, which features a Georgian revival-style mansion and a formal, English Renaissance-style garden. The pair opened their face-to-face meeting in the San Francisco Bay area with a solid handshake. The two leaders made the comments Wednesday after shaking hands in their first face-to-face meeting in more than a year.

Persons: Joe Biden, Xi Jinping, Xi, Biden, Michael Douglas, Bourn, Roth, David Fincher’s, Douglas, ’ “ I’m, ”, “, haven’t, ” Biden, ” Xi, they’re, Wednesday's, Aamer Madhani Organizations: Pacific Economic Cooperative, APEC, Biden, Trust for Historic, Biden Biden, U.S, Moscone Center, Tibet, CCP, Chinese Communist Party, White, Xi, Associated Press Locations: WOODSIDE, Calif, Asia, East, Europe, Taiwan, China, Francisco, Woodside , California, San Francisco, United States, San Francisco Bay, Hong Kong, “ Tibet, Bali

U.S. President Joe Biden meets with Chinese President Xi Jinping on the sidelines of the G20 leaders' summit in Bali, Indonesia, November 14, 2022. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsSAN FRANCISCO, Nov 14 (Reuters) - U.S. President Joe Biden and Chinese President Xi Jinping will meet on Wednesday before a summit of the Asia Pacific Economic Cooperation (APEC) forum in San Francisco, seeking to reduce friction in what many see as the world's most dangerous rivalry. But they have met only once in person since then and Xi has not visited the United States since 2017 when Donald Trump was president. In a separate dinner with business leaders, the Chinese president will also been looking to boost flagging investment by U.S. firms in China. Biden is also expected urge China to use its influence with Iran to not broaden the conflict in the Middle East.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Xi, Donald Trump, Biden, Richard Fontaine, There's, Trump, David Brunnstrom, Michael Martina, Don Durfee, Grant McCool Organizations: REUTERS, FRANCISCO, Asia Pacific Economic Cooperation, East China Seas, U.S, Washington's Center, New, New American Security, APEC, Thomson Locations: Bali , Indonesia, San Francisco, United States, San Francisco Bay, Ukraine, North, Russia, Taiwan, U.S, China, South, East, Philippines, Washington, Iran, New American

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