Benito Aguilar | Twenty20 Jason Gewirtz is vice president of news at CNBC. What follows is a personal account of his experience with a scammer. Last week my cell phone rang. It was about 1:30 p.m., and the iPhone ID showed the 650 area code, which I recognized as the San Francisco Bay Area. The caller…
A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions. Good morning from San Francisco! It’s day three of the annual JPMorgan Healthcare Conference — the biggest gathering of biotech and pharma execs, investors and analysts in…
Tesla CEO Elon Musk said Wednesday that the electric vehicle maker will stop selling its Full Self-Driving (Supervised) software for a flat rate and instead make it only available as a monthly subscription. “Tesla will stop selling FSD after Feb 14,” Musk said in an early morning post on his social media platform X. “FSD…
Nvidia is building out an automotive tech business. Pictured here are its autonomous vehicle test cars at the company’s auto garage in Santa Clara, California, June 5, 2023. Bloomberg | Bloomberg | Getty Images Nvidia on Monday said it is working with robotaxi operators in hopes of having them use the company’s AI chips and…
The housing market has spent the past few years stuck with high prices and slow sales. But in 2026, conditions are expected to ease slightly for buyers, a shift Redfin describes as a “reset” year. That reset is being driven by a growing supply of homes after years of limited inventory, which may push prices…
A tract of new tightly packed homes are viewed along the Boulder City Parkway on January 11, 2022 in Henderson, Nevada. George Rose | Getty Images Home values have been losing ground for much of this year, with previously huge annual gains shrinking to nothing. The result is that homeowners are losing equity. Borrower equity…
Living alone with a $2,000 housing budget may be nearly impossible in some major cities — but in others you may be able to afford up to three bedrooms. Across the U.S., the average rent for a studio apartment listed on Apartments.com in October was $1,699 a month, and a two-bedroom space had an average…
Planet Labs stock has been on a tear over the last few months as investors bet on the company’s satellite data offerings. Shares have surged since early September and are up more than 100% over the last three months, making it one of the best performers in CNBC’s screen of San Francisco-based companies. The stock…
Money Singh wasn’t excited about his move to San Francisco from Punjab, India, at age 19 in 2006. “I was [depressed] for that one year. I wanted to go back,” says Singh, now 38, adding: “Socially, I was very alone.” He initially attended college in the Bay Area, but dropped out after some of his…
Across the U.S., Americans didn’t see a huge boost to their incomes between 2023 and 2024. The national median household income ticked up just over 1%, according to the U.S. Census Bureau. But incomes rose much more significantly in some places. In Tampa, Florida, the median household income jumped over 15% between 2023 in 2024 —…
