The Federal Reserve announced a 50-point cut to the federal funds rate Wednesday morning. Here’s what could happen next to California’s economy.
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When a condominium in San Francisco’s Millennium Tower hit the market a decade ago, it offered a living space — and a lifestyle — that only a well-heeled buyer could hope to attain. A one-bedroom on the 15th floor fetched more than a million dollars in 2014. But the same unit sold last week for $615,000 — or $779 a square foot — 45% decline in value in the course of 10 years. And it wasn’t the only Millennium condo whose price appeared to be in free-fall.
A Millennium Tower condo lost 45% value in a decade. Has downtown S.F. real estate bottomed out?
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If you are a Hawaiian Airlines cardholder, here’s what will happen to your account:
Hawaiian Airlines was just acquired. What happens to your credit card miles?
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Vintage Wine Estates has agreed to sell over 20 of its assets, including California wineries B.R. Cohn, Viansa, Kunde and Clos Pegase.
Huge California wine conglomerate is selling off most of its wineries. Here’s who is buying
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For better or for worse, one way to gauge San Francisco’s recovery these days is by the size of the crowds that its most notable conferences and events are able to lure into the city’s struggling downtown. By that measure, this year’s Dreamforce summit — the annual three-day occupation of Moscone Center and the surrounding area by tech behemoth Salesforce and its emergence as an AI leader — is certainly a step toward greater economic abundance.
What San Francisco’s streets look like as Dreamforce crowds descend downtown
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Amazon has announced plans to shutter two facilities in California, potentially resulting in the loss of hundreds of jobs. The company said it would offer the displaced employees opportunities to transfer to other workplaces before resorting to permanent layoffs.
Amazon to close two California facilities, impacting hundreds of jobs
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A self-taught naturalist fascinated with San Francisco coyotes has wowed crowds with her knowledge and striking photos of the animals. But animal control officials say she’s a problem. Read more: https://lnkd.in/ghpMhbpn
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Lyft, the San Francisco ride-sharing company, announced on Wednesday that it will lay off about 1% of its workforce and restructure its business model. The move aims to scale back its fleet of dockless bikes and scooters to reduce costs ahead of an anticipated challenging quarter.
Lyft to lay off 1% of workforce, restructure business model
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The impending closures of two Nordstrom stores and Saks Off 5th in downtown San Francisco have added more fuel to the debate over the role of crime in pushing retailers out of the city’s core. Here’s what the data shows.
Westfield mall blamed ‘rampant criminal activity’ for Nordstrom closing in S.F. Here’s what the data says
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Apple has implemented a rare wave of layoffs, affecting about 100 positions within its services group. The job cuts include roles primarily associated with the Apple Books app and Apple Bookstore, with the company shifting its focus to other divisions.
Bay Area tech layoffs: Apple announces rare wave of job cuts
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