A view of the Central Park Tower at 217 West 57th St. in New York City. Source: Cody Boone, SERHANT Studios A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. … Read more
DETROIT – General Motors is indefinitely delaying production of its Origin autonomous vehicle as its embattled Cruise self-driving unit attempts to relaunch operations. The Detroit automaker said Tuesday its majority-owned robotaxi unit will instead focus on using the next-generation Chevrolet Bolt for development of autonomous vehicles. Cruise has been using now-discontinued Bolts for autonomous vehicle … Read more
A middle class lifestyle can look different depending on where you are. It may mean owning a house and a car in one city and simply being able to rent a place on your own in another. In the San Francisco area, an annual income of $250,000 would classify your household as middle earners, based … Read more
The land below many U.S. cities is sinking, including New Orleans, New York City, Miami and south San Francisco. This phenomenon, known as land subsidence, can severely affect the integrity of buildings and infrastructure. When coupled with a sea-level rise, it can greatly increase the incidence of flooding. Problems associated with land subsidence can cost … Read more
Artificial intelligence has been a big boon for San Francisco real estate. But not enough of one to make up for the broader struggle across the market. The vacancy rate for San Francisco office space reached a fresh record of 34.5% in the second quarter, according to a report Monday from commercial real estate firm … Read more
Half of the 10 most expensive places to buy a home in the U.S. in 2024 are in California, according to a recent study by SmartAsset. San Jose, which sits in the middle of Silicon Valley, topped the list with a median home sale price exceeding $1.5 million in 2024 — and prices in the … Read more
Former U.S. President and Republican presidential candidate Donald Trump looks on during his campaign event, in Racine, Wisconsin, U.S. June 18, 2024. Brendan Mcdermid | Reuters On a cool, sunny June evening in San Francisco, the Pacific Heights mansion of venture capitalist David Sacks was the scene of an event that is rare to see … Read more
The New York borough of Manhattan is the most expensive place to live in the U.S. — and the cost of living in the No. 2 place isn’t even close. The cost of living in Manhattan is more than twice the national average. The second- and third-most expensive places are Honolulu and San Jose, California, … Read more
You’ll need to earn around $25 per hour to live on your own in the United States’ 25 largest cities. That’s a median figure: You’ll need more in cities like San Francisco or Boston, and less in San Antonio or Detroit. The money covers a single person’s basic expenses like housing in a studio apartment, … Read more
(NewsNation) — Five U.S. cities are considered “impossibly unaffordable” when it comes to housing, placing them among the most expensive markets in the world, according to a new study. Researchers at Chapman University and the Frontier Centre for Public Policy in Canada analyzed 94 major cities in eight countries and determined San Jose, California is … Read more
