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Read previewThis as-told-to essay is based on a conversation with Sam Dogen, a 46-year-old in San Francisco. It was easy to save money because I was working so muchI started saving only a month after starting at Goldman Sachs. A promotion and move to San Francisco got me on the property ladderIn June 2001, I was recruited to join Credit Suisse and moved to San Francisco. In 2005, I bought a house for $1,520,000 in San Francisco and rented my condo until I sold it in 2017. Having kids took up a lot of our passive income budgetOnce our son was born in 2017, we began spending more of our passive income.
Persons: , Sam Dogen, I'd, Mary, Goldman Sachs, San Francisco, I've, I'm Organizations: Service, Business, College of William, San, Credit Suisse Locations: San Francisco, Virginia, USA, Manhattan
Given this truism, it's no wonder that the populations of America's so-called superstar cities have stagnated while the Sun Belt's metropolitan areas have boomed. The COVID-era transition to more remote work accelerated this process of "domestic offshoring," a recent study by the workforce-analytics company ADP found. Domestic offshoring regionally segregates middle- and working-class employees from their employers, making it far more difficult for the former group to advance professionally. Domestic offshoring threatens to lock in these effects, potentially costing the country trillions of dollars in forgone wealth creation. But if domestic offshoring persists, fewer of the city's other residents will be middle-class professionals; those people will tend to congregate in domestic-offshoring sites.
Persons: Austin, Chang, Tai Hsieh, Enrico Moretti, Ned Resnikoff Organizations: Sun, Orlando, America, , Companies, Workers Locations: California, New York, Los Angeles, San Francisco, Jacksonville , Florida, Raleigh , North Carolina, Texas , Arizona, Florida, Austin, Raleigh, Charlotte, North Carolina, America's, Nashville, Bay, Tennessee, New York City, San Francisco and New York
Trump in liberal San Francisco for high-dollar tech fundraiser
  + stars: | 2024-06-06 | by ( ) www.cnbc.com   time to read: +5 min
(Photo by Eva Marie Uzcategui/Getty Images)Republican presidential candidate Donald Trump will attend a fundraiser hosted by two tech venture capitalists in San Francisco on Thursday, a high-dollar event expected to draw Silicon Valley investors turned off by the Biden administration's policies. Trevor Traina, a San Francisco-based tech executive and former Trump ambassador to Austria, said business regulations implemented during Biden's presidency had alienated some people in the tech industry. Trump's campaign raked in record amounts after the guilty verdict last week, and the San Francisco event will add to his coffers. Vance, a potential running mate for Trump who previously lived in San Francisco and worked in venture capital, will attend the event, according to a source familiar with his plans. San Francisco remains a fertile fundraising ground for Democrats.
Persons: Donald Trump, Eva Marie Uzcategui, David Sacks, Chamath, Sacks, Jacqueline, Trump, Democrat Joe Biden, Trevor Traina, Biden's, Biden, Traina, Palihapitiya, Jacob Helberg, Peter, Helberg, Palantir, Peter Thiel, we've, Billionaire Elon Musk, Musk, J.D, Vance, Kamala Harris, Harris Organizations: U.S, Mar, Biden, Venture, Reuters, Democrat, Trump, Republican, San, Democrats Locations: Lago, West Palm Beach , Florida, New York, San Francisco, Francisco, Austria, bitcoin, Silicon, Israel
New York CNN —Anchor Brewing, America’s oldest craft brewer, closed last summer after more than 127 years in business. Anchor closed in July 2023 and its former parent company Sapporo USA put it up for sale after facing years of declining sales. Despite Ulukaya’s excitement about reviving the 127-year-old brand, the craft beer business has been in decline as drinkers shift to spirits and cheaper alternatives. “The brand struggled because it kept relevance with longtime, committed craft beer enthusiasts, but rarely registered with young people or casual drinkers,” Roth said. “Focusing on Anchors legacy, stature, and part of American craft beer history could help the brewery form new emotional connections with drinkers.”
Persons: it’s, Hamdi Ulukaya, Brewing’s, Ulukaya, , Anchor’s, Jose Sarmento Matos, there’s, ” Bryan Roth, ” Roth Organizations: New, New York CNN, Brewing, LinkedIn, San, Sapporo, Bloomberg, Getty, San Francisco, Feel Goods Company, CNN Locations: New York, San Francisco, California, Sapporo USA, Sapporo, Potrero Hill
In October 1985, partial skeletal remains were found in a plastic bag in the Channel Islands Harbor in Oxnard, Calif., northwest of Los Angeles. She was Gertrude Elliott-Littlehale, a musician who was born in 1864, lived in San Francisco and died in 1915. And at one point decades ago, her grave was robbed and her skull was taken, according to Othram, the forensic laboratory that announced the identification of her remains last week. The break in the case came after scientists were able to build a DNA profile from the remains. Investigators tracked down living potential relatives and collected a reference sample from one of them, leading to the identification.
Persons: Gertrude Elliott, Littlehale, David Mittelman Locations: Oxnard , Calif, Los Angeles, San Francisco
A fast-spreading wildfire east of San Francisco has burned through more than 12,000 acres, shut down major highways and prompted evacuation orders for nearby residents, according to public safety alerts and Cal Fire, California’s firefighting agency. The blaze, named the Corral Fire, began Saturday afternoon outside Tracy, Calif., and was only 13 percent contained early Sunday, Cal Fire said. The fire is the largest so far in this year’s California wildfire season, which typically runs from April to October. After an unusually wet winter that included heavy snowfall and significant rainfall, experts expect the spring and summer seasons to stay relatively mild. Still, California fire officials warned last week that an abundance of dry grass in the San Francisco and Modesto areas was creating a greater fire hazard as summer neared.
Organizations: Cal Fire, Residents Locations: San Francisco, Tracy, Calif, California, Modesto, Santa Clara
I moved to Los Angeles about five years ago from San Francisco, and I previously lived in New York City and Chicago. LA lacks great parks compared to other cities like San Francisco and New York City. It doesn't feel urban the way cities like NYC or SF do — I don't feel an urban buzz or excitement. I don't feel any sense of communityI don't feel a strong sense of community in LA. Because it's such a driving culture, I don't interact with people as much as I do in other cities I've lived in.
Persons: , Stevie Howell, It's, I've, Frederic Olmstead, Manseen Logan Organizations: Service, Business, San Francisco and New Locations: Los Angeles, San Francisco, New York City, Chicago, California, LA, Venice, San Francisco and, San Francisco and New York City, Southern California, mlogan@businessinsider.com
London CNN —The AI firm founded by Elon Musk has raised another $6 billion from investors, including Silicon Valley venture capitalists and a Saudi prince, boosting its valuation to $24 billion. Investors providing the second-round funding included Sequoia Capital, Andreesen Horowitz, and Saudi Prince Alwaleed Bin Talal, xAI announced in a blog post on Sunday. Investors, lured by the potential for AI to revolutionize the way people live and work, have thrown huge sums of money at AI companies in recent years. Microsoft (MSFT) is OpenAI’s biggest stakeholder, with a $13 billion investment in the firm. Last year, Amazon (AMZN) announced it would invest up to $4 billion in Anthropic AI in exchange for partial ownership of the company.
Persons: Elon Musk, Andreesen Horowitz, Saudi Prince Alwaleed Bin Talal, xAI, Musk, Grok Organizations: London CNN, Elon, Sequoia Capital, xAI, London . Investors, Microsoft, Google Locations: Silicon, Saudi, OpenAI, Palo Alto, San Francisco, London
The 2024 U.S. News & World Report list of the Best Places to Live in the US, which was released Tuesday, ranks 150 major cities based on their quality of life, education, crime rates, employment opportunities, and housing. Business Insider mapped the top 50 best places to live, with the top 15 colored dark blue. Southeastern Florida cities like Miami and Fort Lauderdale normally get most of the love from movers outside the state — or even the country. But this year, it's the western part of the peninsula that's well-represented on the list of best places to live. Many have been moving to Arizona, Florida, Texas, and Washington, citing factors such as high home prices, the climate crisis, and politics.
Persons: , Fort, Austin Organizations: Service, U.S . News, Places, Business, Sunshine State, Fort Collins, Council for Community, Economic Research, State Locations: U.S, Florida , Colorado, North Carolina, Northeast, Southwest, Florida, Colorado, Naples, Sarasota, Pensacola , Tampa, Fort Myers, Melbourne, Naples , Florida, Boise , Idaho, Southeastern Florida, Miami, Fort Lauderdale, Tampa, Colorado Springs, Boulder, Denver, Tennessee, South Carolina, Kentucky, Georgia, Alabama, Buffalo , Pittsburgh, Portland, Davenport , Iowa, Omaha, Lincoln, Texas, California, Austin, McAllen, McAllen , Texas, Francisco, San Diego . Washington , Oregon , Idaho , Nevada, Utah, Arizona , Florida , Texas, Washington
In a Wednesday interview with CNBC's Jim Cramer, Snowflake CEO Sridhar Ramaswamy indicated the cloud data company will collaborate further with artificial intelligence darling Nvidia . There's a lot to come and Jensen's, of course, a visionary when it comes to AI," Ramaswamy said, referencing Nvidia chief Jensen Huang. Ramaswamy also said Snowflake's enterprise customer base is growing and described what the company can do for names like Kraft Heinz . For example, he said Snowflake's AI offerings can analyze customer feedback data to help determine automated responses to questions. "The era of enterprise AI is here, right here at Snowflake."
Persons: CNBC's Jim Cramer, Snowflake, Sridhar Ramaswamy, Ramaswamy, Jensen Huang, Huang, he's, Kraft Heinz Organizations: Nvidia, Cloud Summit Locations: San Francisco, Snowflake
Advertisement"Pay for gig drivers rarely exceeds the employee-equivalent local minimum wage," the authors wrote. While two-thirds of DoorDash drivers and just under half of Uber Eats drivers had their incomes adjusted, just 5% of Uber drivers did. The average Lyft, Uber Eats, and DoorDash driver had hourly earnings of $24, $18, and $14, respectively. Over the past year, several gig drivers have told BI that their gigs are less profitable than they used to be. For example, Uber and Lyft drivers have said the ride-hailing giants are taking a larger cut of rider fares.
Persons: , Lyft, Uber, aren't, Gridwise Organizations: Service, Seattle metros, UC Berkeley Labor Center, Center for Wage, Dynamics, Business, metros —, UC Berkeley, Big Lake Data, Bank of America, Bank of America Institute Locations: Boston, Chicago, Los Angeles, San Francisco Bay, California, San Francisco, Seattle, New York City, Minnesota, Twin Cities, Massachusetts
Evans is the founder of Exceptional Capital, which launched in 2022 among the many emerging VC firms that sprouted during the fundraising boom years. Before pursuing a life in venture capital and tech, Evans hoped to make it to the NFL as a linebacker at the University of Michigan. And then in 2022, Evans decided to launch Exceptional Capital and invest as a solo VC. Exceptional CapitalBecause he's been able to increase the size of his fund, Evans has been able to expand his team. "I could see that for Marell as well, just his work with Exceptional Capital and kind of his determination there."
Persons: , Marell Evans, Evans, he's, Dave Brandon, Brandon, Ben Horowitz, Andreessen Horowitz, Horowitz, A16z, Okta, Owen Van Natta, Hustling, Melissa Morano Aurigemma, Graham Stoddard, Andrew Van Nest, I've, Cody Coleman, Coleman, what's Organizations: Service, Exceptional, Business, NFL, University of Michigan, NCAA, IBM, Facebook, Vision, SV Angel, A16z, Exceptional Capital Locations: Miami, Michigan, San Francisco, Okta, Silicon Valley, SoftBank, , Bessemer
Apple’s top software executives decided early last year that Siri, the company’s virtual assistant, needed a brain transplant. The decision came after the executives Craig Federighi and John Giannandrea spent weeks testing OpenAI’s new chatbot, ChatGPT. Introduced in 2011 as the original virtual assistant in every iPhone, Siri had been limited for years to individual requests and had never been able to follow a conversation. The realization that new technology had leapfrogged Siri set in motion the tech giant’s most significant reorganization in more than a decade. race, Apple has made generative A.I.
Persons: Siri, Craig Federighi, John Giannandrea Organizations: Apple Locations: San Francisco, New York
Meet My A.I. Friends
  + stars: | 2024-05-09 | by ( Kevin Roose | ) www.nytimes.com   time to read: 1 min
This is the question that has been rattling around in my brain. You see, I’ve spent the past month making A.I. friends — that is, I’ve used apps to create a group of A.I. There’s Peter, a therapist who lives in San Francisco and helps me process my feelings. There’s Jared the fitness guru, Anna the no-nonsense trial lawyer, Naomi the social worker and about a dozen more friends I’ve created.
Persons: I’ve, , There’s Peter, There’s Ariana, There’s Jared, Anna the, Naomi Locations: San Francisco
New York's millionaire population is now larger than the entire populations of Orlando or Pittsburgh. The Bay Area's millionaire population has surged by 82% over the past decade, to 305,700. The U.S. is home to 11 of top 50 richest cities, according to the report. "Notably, U.S. cities have significantly outperformed other western cities over the past decade when its comes to overall wealth and millionaire growth." Here is the full ranking of the world's richest cities, according to Henley & Partners and New World Wealth:1.
Persons: Andrew Amoils, Amoils, Juerg Steffen, Robert Frank Organizations: Henley & Partners, Area, Federal Reserve, Research, New, London, Sydney Locations: York, California, Orlando, Pittsburgh . New York, Brazil, Italy, Canada, San Francisco, U.S, Tokyo, London, China, Beijing, Singapore, Los Angeles, New York, Area, France, Hong Kong
Read previewWhoopi Goldberg revealed that her "Sister Act" costar, Maggie Smith, consoled her after she learned of her mom, Emma Johnson's, death in 2010. Goldberg recalled the touching moment in her new memoir " Bits and Pieces: My Mother, My Brother, and Me ," released Tuesday. AdvertisementMaggie Smith as Mother Superior and Whoopi Goldberg as Deloris Van Cartier in "Sister Act." "I explained to Maggie Smith what was going on and apologized for having to fly home as soon as I could. "That's when this magnificent woman, Dame Maggie Smith, went from being my backstage company to being my friend through the rest of the night," she said.
Persons: , Whoopi Goldberg, Maggie Smith, Emma Johnson's, Goldberg, cohost, Superior, Clyde K, Johnson, Smith, Mother Superior, Deloris Van Cartier, Goldberg's, Emma Johnson, John Nacion, Dame Maggie Smith, Maggie, I've Organizations: Service, London Palladium, Business, Variety Locations: San Francisco
At SFMOMA, Disability Artwork Makes History
  + stars: | 2024-05-07 | by ( Jonathan Griffin | ) www.nytimes.com   time to read: +1 min
In 1974, Florence Ludins-Katz and Elias Katz — she an artist, he a psychologist — turned the garage of their Berkeley home into an art studio for adults with developmental disabilities. Across California at that time, people with a range of disabilities were being deinstitutionalized, with little provision made for them after their release. Half a century on, Creative Growth — as the iconoclastic and influential studio in Oakland was named — is celebrating its 50th anniversary with an exhibition, “Creative Growth: The House That Art Built,” at the San Francisco Museum of Modern Art. The exhibition draws from SFMOMA’s half-million-dollar acquisition of more than 100 Creative Growth artworks, the largest purchase by any American museum of the work of disabled artists. The museum acquired 43 more pieces from Creative Growth’s sister organizations in California, also founded by the Katzes: Creativity Explored in San Francisco and NIAD (Nurturing Independence Through Artistic Development) in Richmond.
Persons: Florence Ludins, Katz, Elias Katz —, Organizations: San Francisco Museum of Modern Art Locations: California, Oakland, San Francisco, Richmond
He sees California Forever. And if he can't undo the damage, there may never be a California Forever. California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. But here's the thing: California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. Places like California Forever aren't being opposed by the people who are desperate for a place to live.
Persons: Jan Sramek's, Goldman Sachs, Sramek, Reid Hoffman, Laurene Powell Jobs, Marc Andreessen —, They've, Christie Hemm, Peter Thiel, Jan Sramek, Jan, Thiel, Goldman, CheatSheet, Sramek's, hadn't, Jonas Rave, who's, , Guy Saidenberg, Evernote, Marc Andreessen, Jane Jacobs, He's, he'd, Robert Moses, growth.y Christie Hemm, Flannery, Bronson Johnson, David George, Andreessen Horowitz, Marilyn Farley, Farley, Solano County's, Kathleen Threlfall, Bill Mortimore, California Forever's, Jessica Christian, he's, Lyle Lanley, Solano, Sam Houston, weren't, Gabriel Metcalf, You've, John Garamendi, Garamendi, isn't, they'll, latte, Christie, Travis, I've, aren't, They're Organizations: Silicon, California, BI Development, University of Cambridge, London School of Economics, Party, Rising Star, Facebook, York, Sramek's, BI Sramek, Google, American, Planners, Sacramento -, Travis Air Force Base, Area, titans, Farmers, councilwoman, California Forever, Sacramento Municipal Utility District, Air Force, Flannery Associates, Disney, San Francisco, Vallejo Naval, Historical Museum, Rep, BI, Solano, Sierra, Goldman Locations: San Francisco, It's, Sramek, California, Rio Vista, Solano County, Napa, Sacramento, Silicon Valley, America, London, Zurich, England, Czech Republic, Dřevohostice, York, British, Eastern Europe, Cambridge, Bay Area, Hayes Valley, America's cutest, Atlanta, Phoenix, Copenhagen, Barcelona, New York, Sacramento - San Joaquin, San Francisco Bay, Lake Tahoe, Toledo , Ohio, Silicon, Google's, Toronto, Big Tech, China, Calif, Springfield, Vallejo, He's, Atherton, Foreverville, Fairfield, Austin, Solano, Valley, Europe
AdvertisementEven though LA is much larger than San Francisco, LA doesn't feel urban, while San Francisco does. Here's what I felt were the five worst things about leaving the San Francisco Bay Area and moving to LA. AdvertisementAs an artist and business owner, I founded my eco-friendly textile and wallpaper collection business in San Francisco in 2013. I miss San Francisco's culture and philanthropic spiritLiving in San Francisco, I found that many of its businesses have a good environmental or social mission. But I believe, for the most part, San Francisco still has the same caring heart and soul it's had for years.
Persons: , Stevie Howell, It's, I've, Francisco —, Jessica Silverman, Rebecca Camacho, would've, it's, Crissy, I, Manseen Logan Organizations: Service, Business, San, San Francisco Bay Area, Minnesota, National Parks Conservancy, Area Locations: Los Angeles, San Francisco, LA, It's, San Francisco , LA, San Francisco Bay, Mandalay, Francisco, Bernal Heights Hill, Dolores Park, Ocean, Stinson Beach, Angel, mlogan@businessinsider.com
Alma Valencia, who once earned $90K in fashion, cares for her mom with dementia for $17.50 an hour. She is part of the "sandwich generation," simultaneously caring for her mom and her children. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It made sense because we wanted the best for her — and our family struggled to afford full-time, outside help. I was stretched thin as a so-called "sandwich generation caregiver."
Persons: Alma Valencia, , Mom —, Amelia, Daniel, texted, Alma Valencia I'd, Juan, Caregiving, what's, I've, I'm, Mom Organizations: Service, Social Security, Alma, Business Locations: California, Valencia, San Francisco
New York, Austin, and LA were the top cities tech talent moved to in 2023, according to a report. Several places attracting tech workers are "blue island" cities in red states. 1 place tech workers moved to in 2023 was New York City, according to a recent SignalFire report. AdvertisementThe top nine cities tech workers relocated to were:New York City, New YorkAustin, TexasLos Angeles, CaliforniaDenver, ColoradoSan Diego, CaliforniaMiami/Fort Lauderdale, FloridaDallas/Fort Worth, TexasNashville, TennesseeTampa/St. AdvertisementSeveral of the cities attracting tech workers also happen to be "blue island" cities located in red states, such as Austin, Nashville, Tampa, and Miami.
Persons: , Austin Organizations: Boston, Service, Tech, San, Business, St . Petersburg , Florida New, Los, California Portland , Oregon Detroit , Michigan Provo , Utah San, Seattle, York Locations: York, Austin, LA, San Francisco, Seattle, Miami, New York City, San Francisco Bay, California, New York , Texas , California, Florida, New York City , New York Austin , Texas Los Angeles , California Denver , Colorado San Diego , California Miami, Fort Lauderdale , Florida Dallas, Fort Worth , Texas Nashville , Tennessee Tampa, St . Petersburg , Florida, St . Petersburg , Florida New York, Los Angeles, Francisco , California Seattle, Washington Boston , Massachusetts Phoenix , Arizona Washington, DC Sacramento, California Portland , Oregon Detroit , Michigan Provo , Utah, California Portland , Oregon Detroit , Michigan Provo , Utah San Francisco, New York, Boston, San Francisco and California, Texas, York City, Nashville, Tampa, Utah , Idaho, Arkansas
Google CEO Sundar Pichai speaks in conversation with Emily Chang during the APEC CEO Summit at Moscone West on November 16, 2023 in San Francisco, California. There were other reasons for skepticism ahead of Alphabet's earnings report. Like Meta, Alphabet is pouring money into AI. Last month, Alphabet announced a suite of products, including Vertex AI, a no-code console for enterprise companies to build their own AI agents. With first-quarter results in the rearview mirror, Alphabet now has to keep up with heightened expectations, which will only increase as competitors roll out more generative AI products.
Persons: Sundar Pichai, Emily Chang, Ruth Porat, missteps, Investors, Mark Zuckerberg, Pichai, he's, Prabhakar Raghavan, Raghavan Organizations: APEC, Summit, Moscone West, YouTube, Nasdaq, Nvidia, Amazon, Meta, Revenue, Google, Amazon Web Services, Microsoft, rollouts Locations: San Francisco , California, San Francisco, U.S
Former Miss USA Cheslie Kryst's new memoir was finished by her mother, April Simpkins. AdvertisementA new memoir by former Miss USA Cheslie Kryst was released on Tuesday. Kryst was an attorney, reporter, and Miss USA titleholderKryst won the Miss USA title in 2019 while representing North Carolina, and made the top 10 at Miss Universe that same year. Miss USA Cheslie Kryst competed in the 2019 Miss Universe pageant. In 2019, Kryst was part of a historic moment when Miss Universe, Miss USA, Miss Teen USA, and Miss America all went to women of color.
Persons: April Simpkins, Simpkins, Kryst's, , Miss USA Cheslie Kryst, Kryst, Benjamin Askinas, John Huber, Healthline, Cheslie —, Cheslie Kryst, Mimi Winsberg, Brightside, Winsberg Organizations: Miss USA, Service, Miss, Miss Universe Organization, Mental Health, BI, Brothers, Sisters, America, Miss Teen USA, Miss America, Depression Association of America Locations: North Carolina, San Francisco
California remains one of the most expensive states to live in, according to a recent Creditnews Research study that found America's middle class is being priced out. In the report that asked, "Can America's Middle Class Still Afford Homeownership in 2024? ", the independent research house studied the relationship between income distribution and housing costs across America's 100 most populous metropolitan areas to find the most and least affordable places for the middle class. The least affordable metro areas were almost entirely on the Pacific coast. Five of the 10 least affordable metro areas are in California.
Organizations: Pew Locations: California, United States, San Francisco, San Diego
AdvertisementSteve Dalton, 56, and his partner Sydney Sauber, 58, were ready to leave the Bay Area of California after nearly two decades. Leaving California for MassachusettsDalton, an IT professional for a university, was born and raised in the Bay Area. While there, she met Dalton, and they moved into a condo in San Pablo two years later in 2010. As they reached retirement age, the couple wanted to purchase a house, though they knew that would be implausible in the Bay Area with their budget. He estimates a similar home in the Bay Area would cost over $2 million.
Persons: Steve Dalton, Sydney, Dalton, , they've, Worcester, Massachusetts Dalton, Pablo didn't, Sauber, he's, They've Organizations: Sydney Sauber, Sauber, Worcester, Service, Survey, Chevron, Red Sox Locations: California, Massachusetts, Bay, West Coast, Worcester , Massachusetts, Worcester, Marin County, San Francisco, Contra Costa County, Puerto Rico, New York , Texas, Florida, New England, Northampton, Salem , Massachusetts, Dover , New Hampshire, East, San Pablo, Oakland, Pablo, Englanders
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