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The "singles tax" for living alone can add up to thousands of dollars each year, a new study by real estate marketplace Zillow finds. Unsurprisingly, it's highest in New York City. The extra $20,100 that New York City solo dwellers pay in "singles tax" is more than double the national average of $7,110, per Zillow data. In New York City, the average rent for a one-bedroom apartment is $3,350, which is 2.8 times the average rent across the U.S., according to Zillow. To calculate average rent prices in 2023, Zillow used a combination of U.S. Census data and its own rental listings.
Persons: Kenny Lee, Lee, Zillow Organizations: Apple, New York, Denver, Zillow, CNBC Locations: New York City, Francisco, Jose , California, Washington, Boston, Diego, Seattle, Atlanta, Angeles, U.S, York City, New York, StreetEasy
The mass layoffs announced Wednesday in conjunction with Cisco’s latest quarterly results represent about 5% of its worldwide workforce of 84,900. Cisco — a company best known for making much of the technology that connects the internet — expects its reorganization to cost an additional $800 million. The double whammy of two big layoffs in two years has been a phenomenon affecting other prominent technology companies, such as Google and Amazon, both of which have trimmed their once-steadily growing payrolls multiple times since the end of 2022. The reductions are being made even though most of the companies are still big moneymakers. But Cisco’s stock price has gained just 6% during the same period, a factor that might have played into management’s decision to make even deeper payroll cuts than some of the company’s tech brethren.
Persons: Chuck Robbins, Robbins, Cisco's, ” Robbins Organizations: FRANCISCO, Cisco Systems, Cisco —, Google, Cisco, Revenue, Microsoft, Riot Games, eBay, PayPal, Nvidia Locations: San Jose , California, U.S
CNN —Bay FC, the newest team in the National Women’s Soccer League (NWSL), has made an ambitious statement of intent ahead of the upcoming season by signing Zambian international Racheal Kundananji. “I want to give the [Bay FC] fans what they want – to enjoy the games, to enjoy seeing me playing and scoring.”Kundananji joins Bay FC from Spanish side Madrid CFF for a reported world record fee of €735,000 (around $787,000), according to multiple reports including ESPN. CNN has contacted Bay FC, Madrid CFF and the NWSL regarding the transfer fee. The contract runs through the 2027 season with an option for an additional year in 2028, Bay FC said. “We are delighted to add Racheal to our group,” Bay FC general manager Lucy Rushton said in a press release from the club.
Persons: Kundananji, ” Kundananji, Lucy Rushton, Diego Souto, Asisat Oshoala, Jen Beattie, Brandi Chastain, Leslie Osborne, Danielle Slaton, Aly Wagner Organizations: CNN — Bay FC, National Women’s Soccer League, Zambian, , BBC Sport Africa, FC, Bay FC, Madrid CFF, ESPN, CNN, Real Madrid, Liga F, Spain’s Liga, San, Spanish, Costa, US Women’s National, Sixth Locations: “ People, Zambia, Bay, Spanish, Scottish, San Jose, Kazakhstan, Costa Rica
Meta CEO Mark Zuckerberg demonstrates an Oculus Rift virtual reality (VR) headset and Oculus Touch controllers during the Oculus Connect 3 event in San Jose, California, U.S., on Thursday, Oct. 6, 2016. Meta CEO Mark Zuckerberg shared his opinion of Apple 's new mixed-reality headset, the Vision Pro, in a video posted to Instagram where he called Meta's Quest 3 headset "the better value" and "the better product, period." While it's obvious Zuckerberg would promote his company's product, his decision to post a video about the differences between the Quest 3 and Vision Pro shows the increasing competition between Apple and Meta. Meta has taken a lower-cost approach while Apple has focused on sharper screens, more powerful processors and higher-end materials. Apple officially launched its Vision Pro in the U.S. on Feb 2.
Persons: Mark Zuckerberg, Zuckerberg, Meta, Tim Cook, CNBC's Jim Cramer Organizations: Apple, Vision, Pro, Meta, Apple Watch, Quest, CNBC PRO Locations: San Jose , California, U.S, New York
SAN FRANCISCO (AP) — A former interim mayor of San Francisco announced Tuesday he's running for his previous job, joining a competitive field of candidates who say the city has crumbled under the watch of Mayor London Breed, who is up for reelection this year. The lawyer and former city supervisor said he had not planned to return to politics but feels he has the right skills to turn San Francisco around. While she's not on the March 5 ballot, Breed is pushing a pair of public safety proposals that are. Critics say the ballot measures are not in line with San Francisco voters who value privacy over surveillance and encouraging rather than mandating participating in drug treatment programs. Meanwhile, political action committees supporting Breed have raised $1.3 million, including $200,000 from Michael Bloomberg, former New York City mayor.
Persons: , London Breed, Mark Farrell, Breed, Ed Lee, San, ” Eric Jaye, , ” Jaye, San Jose . San, Farrell, Ahsha Safaí, Daniel Lurie, Levi Strauss, she's, Lurie, E, Miriam Haas, Haas, Michael Bloomberg, Safaí Organizations: FRANCISCO, San Francisco, London, Associated Press, Democratic, New York City Locations: San Francisco, Francisco's, San Jose ., San Jose . San Francisco, New York
A logo sits illuminated outside the Cisco booth at ISE 2024 on January 30, 2024 in Barcelona, Spain. Network giant Cisco is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas, according to three sources familiar with the matter. The San Jose, California-based company has a total employee count of 84,900 as of fiscal 2023, according to its website. The company is still deciding on the total number of employees to be affected by the layoffs, one person said. The move would come at a time when tech companies, including telecom makers Nokia and Ericsson, cut thousands of jobs last year in a bid to lower costs.
Organizations: Cisco, Network, Nokia, Ericsson, Microsoft Locations: Barcelona, Spain, San Jose , California
A man in California was charged with stealing trade secrets from a defense contractor. The Justice Department said the secrets involved information on missile-tracking technology. The man had previously applied to serve the Chinese government, prosecutors said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Gong, a native of China, is a resident of San Jose and has been a US citizen since 2011, the DOJ said.
Persons: , Chenguang Gong, Gong, Martin Estrada, Breon Organizations: Justice Department, Service, DOJ, US Department of Defense, Central, Central District of, FBI, Eastern, of, Department of Justice Locations: California, China, San Jose, Malibu , California, Central District, Central District of California, People's Republic of China, Iran, of New York, of Iran
PayPal reported better-than-expected fourth-quarter results Wednesday, but issued guidance that was a bit below estimates. The number of active accounts fell 2% to 426 million, trailing analyst expectations of 427.17 million, according to StreetAccount. PayPal provided guidance for the full year and first quarter that fell just short of expectations. The company anticipates full-year earnings of $5.10 per share, below the $5.48 analysts expected, according to LSEG. For the first quarter, PayPal estimated year-over-year earnings per share growth would fall in the mid-single digits, compared with a consensus estimate of 8.7%.
Persons: Alex Chriss Organizations: PayPal, LSEG, Revenue, StreetAccount, Intuit Locations: San Jose , California
Arm reported fiscal third-quarter earnings that beat estimates and gave a strong profit forecast for the current quarter. Analysts expect earnings of 21 cents per share on sales of $780 million. Arm makes money through royalties, when companies pay for access to build Arm-compatible chips, usually amounting to a small percentage of the final chip price. Arm said its customers shipped 7.7 billion Arm chips during the September quarter, the most recent period for which figures are available. Arm says companies including Apple, Google , Microsoft and Nvidia use its technology.
Persons: Arm Organizations: SoftBank, Apple, Google, Microsoft, Nvidia Locations: San Jose , California, LSEG
A deactivated Titan II nuclear intercontinental ballistic missile, or ICBM, is seen in a silo at the Titan Missile Museum in Green Valley, Arizona, May 12, 2015. The DOJ said the technology allegedly stolen by 57-year-old Chenguang Gong would be "dangerous to U.S. national security if obtained by international actors." Gong, who lives in San Jose, California, is a native of China who became an American citizen in 2011, prosecutors said. Los Angeles U.S. Attorney Martin Estrada said Gong previously sought to provide the People's Republic of China with information that would help the nation's military. The Chinese Talent Program Tracker is known to identify individuals located outside China who have skills and knowledge that can help transform the Chinese economy and bolster its military capabilities, the complaint said.
Persons: Gong, Martin Estrada, Estrada Organizations: Titan, Titan Missile, U.S, Department of Justice, DOJ, Los Angeles U.S, Talent Locations: Green Valley , Arizona, Los Angeles, U.S, San Jose , California, China, American, Republic of China
All those late coaching moves added some intrigue to the first Wednesday of February, a day that once highlighted the recruiting calendar but has been anti-climactic ever since the 2017 launch of a December signing period. New coaches had to re-recruit prospects who had signed to play for a different staff and now were free to look elsewhere. So did Brent Brennan, who left San Jose State to take over for Fisch at Arizona. Washington refortified its class by adding about several players who originally had signed to play for Fisch at Arizona. Alabama also lost cornerback Jameer Grimsley, who signed with the Tide in December but will now play at Florida instead.
Persons: Jedd Fisch, “ You’ve, they’ve, ” Fisch, you’ve, Brent Brennan, Noah Carter, Ratumana Bulabalavu, Dominic Kirks, Keona Wilhite, Julian Sayin, 247Sports, Jameer Grimsley, Ryan Williams, , ” DeBoer, Saban, It’s, Sherrone Moore, , Andrew Ivins, Ivins, Ashton Bethel, Roman, Terry Bussey, Tim Booth, John Zenor Organizations: football’s, Saban, San, Fisch, Alabama, Washington, Huskies, Ohio State, Tide, Michigan, Texas, Bethel, Aggies, AP Sports, AP Locations: Washington, Arizona, Alabama, San Jose State, Tuscaloosa, Southern California, Ohio, Nebraska, Arizona . Alabama, Ohio State . Alabama, Florida, Michigan, 247Sports, Bethel, Roman
CNN —Former Chilean President Sebastian Pinera has died in a helicopter crash in Chile. At the time of the crash, there was widespread rainfall in the area, but it is unclear if the weather caused the crash. Pinera, who was 74 years old, was Chile’s president from 2010 to 2014 and again from 2018 to 2022. The unrest led then-outgoing President Pinera to agree to a popular vote about the need to change the constitution inherited from the dictatorship. “I met President Pinera several years ago.
Persons: CNN —, Sebastian Pinera, of Interior Carolina Tohá, Pinera, Gabriel Boric, , , Pinera’s, Michelle Bachelet, ” Boric, Luis Lacalle Pou, Javier Milei Organizations: CNN, CNN — Former Chilean, Chilean, of Interior, Harvard University, Forbes, Banco Locations: Chile, Ríos, Chilean, United States, San Jose, Uruguay, Argentina
Thieves in California's East Bay are swiping wallets from shopping carts – especially at Trader Joe's, police say. "Wallets were taken from unattended shopping carts or open purses while victims were shopping," a Tri-Valley PD said. AdvertisementA new crime trend is hitting Trader Joe's stores in a city in California: Thieves are taking customers' wallets from their carts as they shop. "Recently there have been wallet thefts that have occurred at other Trader Joe stores in the Tri-Valley. In these crimes, wallets were taken from unattended shopping carts or open purses while victims were shopping in the store."
Persons: they've, , Joe Organizations: Oakland, Service, Police, Livermore Police, Facebook, Business Locations: East, San Francisco, California, Livermore, San Jose, Tri
Classes were canceled Monday for schools across Santa Barbara County, which was devastated by mudslides caused by powerful storms in 2018. Evacuation orders and warnings were in effect for mountain and canyon areas of Monterey, Santa Barbara, Ventura and Los Angeles counties. Gavin Newsom declared a state of emergency for Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Luis Obispo, Santa Barbara and Ventura counties. As of Sunday afternoon, the Los Angeles Unified School District, the nation’s second largest, said it was planning to open schools as usual Monday. ___Associated Press videographer Eugene Garcia in Ventura, Calif., and radio reporter Julie Walker in New York contributed to this report.
Persons: Alexis Herrera, ” Herrera, Ryan Kittell, , Lindsay Horvath, ” Horvath, Gavin Newsom, Alberto Carvalho, videographer Eugene Garcia, Julie Walker Organizations: ANGELES, San Francisco Bay Area, Sunday, San Francisco International, Palisades, Central, Gov, Emergency Services, Los Angeles Unified School District, Associated Locations: California, San Francisco Bay, San Jose, Southern California, Santa Barbara, Ventura, Sacramento, San Francisco, Sierra Nevada, Hawaii, Northern California, Monterey, San Luis Obispo County, Los Angeles, LA, Topanga, Soledad, Los Angeles , Orange, Riverside, San Bernardino, San Diego, San Luis Obispo, Ventura counties, Southern, Ventura , Calif, New York
Atmospheric rivers caused downpours in the Bay Area on Wednesday, bringing cable car services to a halt, before moving on to Los Angeles and San Diego by Thursday. Officials in Santa Barbara County raised evacuation advisories to orders on Saturday, calling on residents to be at a "very high state of readiness." Heavy rain and extreme weather caused roadway erosion at San Onofre's lower parking lot, with images on social media showing sections of the lot collapsing onto the beach below. A Sunday update from the National Weather Service Weather Prediction Center predicted risks of rainfall exceeding flash flood guidance across swathes of the state with "high risk" — estimated at 70% probability — for San Diego and Orange Counties. The storm comes as the San Diego County Medical Examiner's Office announced it was investigating three deaths in late January as related to California's last encounter with heavy storms.
Persons: Santa Barbara County, Gloria Sandoval, Flood, Gavin Newsom's Organizations: National Weather Service, Bay Area, California State Parks, NBC, Prediction, Orange Counties, San Diego, Examiner's Locations: California, Encinitas , California, U.S, Monterey County, Jose, Guadalupe, Santa Cruz, San Jose, downpours, Bay, Los Angeles, San Diego, Santa Barbara, Central Coast, Angeles County, Sonoma , Marin, San Francisco, Monterey, San Luis Obispo, Southern California's, Orange, San Diego County
CNN —An intense, long-lasting atmospheric river is moving into California Sunday, bringing the potential for “life-threatening” flooding, mudslides and widespread power outages as it dumps heavy rain and snow. A more widespread Level 3 risk exists for much of coastal California, including San Francisco. • A month’s worth of rain possible in Los Angeles: In Central and Southern California, widespread rainfall totals of 3 to 6 inches are expected – more than a month’s worth of rain for most. Parts of the central and southern coastline of the state are expected to see the most significant amounts of rain and flooding. Genaro Molina/Los Angeles Times/Getty ImagesThe impact from powerful onshore winds will be felt across northern and central California through Sunday, eventually shifting to southern California into Sunday night, the National Weather Service said.
Persons: , Hilary, Los Angeles Mayor Karen Bass, San, ” Eric Schoening, Schoening, Nancy Ward, ” Ward, , , Ward, Genaro Molina Organizations: CNN, Los Angeles Mayor, National Weather Service, Sunday, California Governor’s, Emergency Services, Los Angeles Times Locations: California, Los Angeles, Santa Barbara, Oxnard, Southern California, San Francisco, Central, San José, Ventura County, Redding, San Diego, Nevada, Sierra Nevada, Angeles, Long Beach , California
CNN —A stronger and longer-lasting atmospheric river event is set to hit California this weekend, bringing a considerable risk for flash flooding, mudslides, damaging winds, and heavy mountain snow. Nearly 40 million people are under flood watches including San Francisco, Sacramento, Los Angeles, and San Diego. In Southern California, widespread rainfall totals of 3 to 6 inches are expected – more than a month’s worth of rain for most. A more widespread Level 2 exists for much of coastal California including San Francisco down through Los Angeles. On Monday, the Level 3 of 4 risk expands farther south to include Los Angeles.
Persons: Taylor Ward Organizations: CNN, National Weather Service, Los Angeles International Airport, Crescent, Santa Barbara, Los Angeles ., NWS, Sierra, Yosemite National Locations: California, San Francisco , Sacramento, Los Angeles, San Diego, Santa Cruz, Big Sur, Southern California, Sacramento, Eureka, Crescent City, Santa, Oxnard, Sunday, San Francisco, Redding, Jose, Salinas, Reno , Nevada, Nevada, Mono County, Reno, Mammoth
Super Micro makes computer servers for data centers, competing with the likes of Dell and Hewlett-Packard Enterprise . SMCI 1Y mountain Super Micro Computer 1 year Shares of Super Micro were on pace for a record close Tuesday, jumping 4%, to nearly $515 each — pushing year-to-date gains to roughly 80%. Still, the magnitude of Super Micro stock move Tuesday, compared to the size of the forecast revision, is a sign that investor expectations had already accounted for most of this good news. "I don't know whether [Super Micro] is Mercury or Venus, but I will tell you it ain't Pluto." Super Micro said it continued to see record demand for AI systems in its second quarter.
Persons: , Jim Cramer, Thursday's, preannounced, Jim Cramer's, Jim, Tyrone Siu Organizations: chipmaker, Dell, Hewlett, Packard, Devices, Intel, Nvidia, AMD, Computer, Micro, Microsoft, Super Micro, Wall, Taiwan Semiconductor Manufacturing Company, CNBC, Nvidia Corporation Locations: San Jose , California, Taipei, Taiwan
CNN —About two weeks after his oldest son’s funeral, South Carolina state house Rep. Brandon Guffey says he received a private Instagram message with a laughing emoji. Then Guffey and his younger son began to get messages demanding money in exchange for nude photos of his late son. South Carolina State Rep. Brandon Guffey in an undated photo with his wife, Melissa, and their sons, Gavin, 17, Coen, 16, and Callahan, 4. Minutes before he died by suicide in July 2022, Gavin Guffey sent his brother and friends this text message. South Carolina state Rep. Brandon Guffey, right, has lobbied hard for tougher penalties for sextortion scammers.
Persons: Brandon Guffey, Gavin Guffey, Guffey, Gavin, Melissa, Coen, Callahan, they’ve, Gavin Guffey texted, Gavin texted, Henry McMaster, scammers, Brandon Guffey “, ” Guffey, , , , “ Meta, It’s, ” Douglas DePodesta, ” Gavin Guffey, Jordan DeMay, Ryan Last, sextortion scammers, I’m, they’re, “ They’re, he’s, He’s Organizations: CNN, Meta, South Carolina State Rep, Gov, FBI, United States Attorney’s Office, Western, Western District of Michigan, Facebook, Rep, sextortion, Communications Locations: South Carolina, , Rock Hill , South Carolina, Venmo, Memphis, United, Western District, Nigeria, Marquette , Michigan, San Jose , California
Here's how I ended up making a great group of friends, and what we do together. She used to live in Los Angeles, and had some friends who had also recently made the move to the desert. Soon, we met their other friends, Chris and Kelly, who were planning to relocate from San Jose — then our group became six. Krista and Colin were also working toward relocating to Palm Springs full-time. We hike, have house party dinners, celebrate birthdays, play pickleball, hear live music, and keep in touch over a group text during the week.
Persons: Kirsten, Erik, Chris, Kelly, San Jose —, Shelley Karpaty, Mike, Kristen, Krista, Colin, It's, Joshua Tree, Israel Nash, Harriets Organizations: Springs Art Museum Locations: Springs, Silicon Valley, Los Angeles, Arizona, San Jose, Palm
LONDON (AP) — Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce, saying its number of employees and costs have exceeded how much the business is growing in a slowing economy. It marks the latest layoffs in the tech industry. Political Cartoons View All 253 ImagesSan Jose, California-based eBay is the latest tech company to roll out a series of layoffs after quickly ramping up hiring during the COVID-19 pandemic while people spent more time and money online. Meanwhile, Amazon said this month that it is cutting several hundred jobs in its Prime Video and MGM Studios unit. Other tech companies, including Spotify, Microsoft, Meta and IBM, also have recently cut jobs.
Persons: Jamie Iannone, Iannone, , TikTok, Amazon, ” Iannone Organizations: , eBay Inc, eBay, Google, Riot Games, “ League, MGM Studios, Spotify, Microsoft, Meta, IBM, Justice Department Locations: Jose , California, Massachusetts
Meta passes $1 trillion in market cap
  + stars: | 2024-01-24 | by ( Alex Koller | ) www.cnbc.com   time to read: 1 min
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., center, departs from federal court in San Jose, Calif., on Dec. 20, 2022. Meta 's market cap surpassed $1 trillion during intraday trading Wednesday, hitting the trillion-dollar mark for the first time since June 2021. Shares of Meta were up 2% Wednesday. Microsoft also met a market cap milestone on Wednesday, surpassing $3 trillion in value nearly two weeks after overtaking Apple as the world's most valuable public company. Apple has since reclaimed its spot at the top.
Persons: Mark Zuckerberg, Meta Organizations: Meta, Inc, Calif, Microsoft, Apple Locations: San Jose
San Jose State is working to finalize a deal with former Navy coach Ken Niumatalolo to replace Brent Brennan as the Spartans head coach, two people with direct knowledge of the negotiations told The Associated Press on Saturday. ESPN first reported Niumatalolo was being targeted by San Jose State as its next head coach. Niumatalolo is the winningest coach in Navy history, going 109-83 in 15 seasons before being fired after the 2022 game against Army. Niumatalolo has said that if he got another chance to be a head coach, he would likely move away from the run-heavy scheme. Political Cartoons View All 253 ImagesSan Jose State is looking for a replacement for Brennan, who took the Arizona job after seven seasons with the Spartans.
Persons: Ken Niumatalolo, Brent Brennan, Niumatalolo, Chip Kelly, Brennan Organizations: Spartans, Associated Press, ESPN, San, Army, Midshipmen, Navy, UCLA, Bruins, Brennan's, AP Locations: Jose State, San Jose State, Arizona
JetBlue Airways told staff this week that it will cut some routes and service as it struggles to return to profitability and grapples with the fallout of its blocked plan to buy Spirit Airlines . The airline is instead focusing on leisure routes, adding service throughout the Caribbean and to Paris, the memo said. "We constantly adjust our network to support our strategy and these recent changes are a necessary quick step to help return our business to profitability," JetBlue said. "All the routes included have recently underperformed our expectations and these changes come as post-COVID travel patterns continue to evolve." JetBlue ranked 9th in on-time arrivals among U.S. airlines in the first 10 months of 2023, according to the Transportation Department.
Persons: John F, Dave Jehn, Jehn, William Young's Organizations: JetBlue Airways, Spirit Airlines, JetBlue, Kennedy, CNBC, Washington International Thurgood Marshall Airport, Washington D.C, Transportation Department, CNBC PRO Locations: New, Portland , Oregon, San Jose , California, Westchester , New York, New York, Ponce , Puerto Rico, Milwaukee , Wisconsin, Caribbean, Paris, Baltimore, Washington
AdvertisementThe Tesla Cybertruck is starting to pop up on the vehicle rental app Turo. For about $1,000 a day, in either San Jose, California, or Austin, you can test drive early versions of the Cybertruck. Tesla Cybertruck listing on Turo Business InsiderIt's worth noting that off-roading is restricted by both Turo and the renter in this case. Photo of the Cyberbeast decal in a Turo listing for the Cybertruck Business InsiderThere has already been chatter among Cybertruck fans online about renting out Cybertrucks on Turo, with one posting their experience on TikTok earlier this month. Have you rented a Cybertruck or listed your own Cybertruck on Turo or through another service?
Persons: , Tesla, Elon Musk Organizations: Service, Turo, Cybertruck Locations: San Jose , California, Austin, Texas, San Jose, San Francisco
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