San Francisco's hotel exodus may just be beginning as 30 more face massive loan payment dates

dailymail.co.uk News of Park Hotels & Resorts' plan to surrender ownership of two of San Francisco's largest hotels is the beginning of what could potentially become a mass exodus of hotels…

DeSantis breaks silence on migrant flights that landed on Newsom's turf, boasting that the program was 'very effective'

businessinsider.com Republican presidential candidate Florida Gov. Ron DeSantis speaks during a press conference during which he signed a bill to protect the digital rights of Floridians, on…

Surging stockmarkets are powered by artificial intelligence

economist.com D the hype? The release of Chat , a tool designed by Open , has kicked off a wave of enthusiasm about artificial intelligence ( ). Everyone from spy agencies to law firms is…

Taxpayer moves to California drop by 11% in 5 years

siliconvalley.com A swiftly declining number of Americans are choosing to move to California. While the great “California exodus” debate grabs headlines, another slice of migration patterns…

The owner of two major San Francisco hotels STOPS making payments on its $725 million loan

dailymail.co.uk The owner of two of San Francisco's largest hotels has stopped making mortgage payments on the properties and will let them go into foreclosure as historic crime rates…

House prices are crashing in these seven cities

newsweek.com After steadily falling for seven consecutive months, home prices made a modest jump back in March and April, according to the Zillow Home Value Index (ZHVI), showing that…

Half of the biggest global companies plan to cut office space. US cities will suffer most

cnn.com Around 50% of major global companies will need less real estate in the next three years, with American cities — led by San Francisco — most exposed to empty offices, new…

Saudi Arabia’s Unsuccessful Attempt To Boost Oil Prices

oilprice.com Saudi Arabia's attempt to shock oil markets and push oil prices higher appears to have backfired, with prices falling and Saudi Arabia's market share in Asia now under…

Zoom brings local data storage to paying European customers

techcrunch.com Zoom has announced a slew of privacy-focused features and services, as the video communication company looks to appease customers concerned about where their data resides.…

Europe wants platforms to label AI-generated content to fight disinformation

techcrunch.com The European Union is leaning on signatories to its Code of Practice on Online Disinformation to label deepfakes and other AI-generated content. In remarks yesterday…

California's Newsom threatens Florida's DeSantis with kidnapping charges over migrant flights

axios.com California Attorney General Rob Bonta (D) accused Florida officials on Monday of misleading migrants over their transportation from the Texas border to Sacramento. Driving…

What makes a good office perk?

economist.com W tighten their belts, they look first to discretionary spending. Meta got rid of free laundry for its workers last year. In January Google announced a round of lay-offs…

How much longer will America’s regional banks hold up?

economist.com W of story is unfolding in the banking system? At first glance it would appear to be a tragic drama. In the past fortnight, four banks have met their end: two crypto…

Over a Third of US SMB Owners Couldn’t Cover Rent Last Month

tech.co As rental prices rise alongside the broader cost of living, 37% of US small to medium-sized business (SMB) owners weren't able to pay rent in full and on time this May. Rent…

McCarthy's moment: Debt ceiling vote secures Republican US House speaker's standing

investing.com Kevin McCarthy earned his stripes as Republican speaker of the U.S. House of Representatives on Wednesday, navigating fierce hardline opposition to pass a debt ceiling bill…

Meta threatens to pull news rather than pay The Register

theregister.com Here we go again: Meta has threatened to block journalism content for Californian users after the US state's legislature read a bill that would require it, and other large…

Did Washington underestimate Kevin McCarthy?

semafor.com The superlatives may be a little over the top, but McCarthy’s allies have a point: The national press and much of official Washington appears to have underestimated the man.…

Bud Light, Target, haven't the Dodgers learned anything? As a sports team owner, I know better

foxnews.com Will the Los Angeles Dodgers ever be the same? I doubt it. One of the most-storied sports brands in history is reeling. It’s the result of management’s foolish decision to…

State Farm has stopped insuring Californian homes because of their "catastrophe exposure"

yahoo.com State Farm, the largest property insurer in the US, will no longer accept new applications for home insurance in California, citing the risks of apocalyptic wildfires as…

Nvidia is not the only firm cashing in on the AI gold rush

yahoo.com A GREY RECTANGULAR building on the outskirts of San Jose houses rows upon rows of blinking machines. Tangles of colourful wires connect high-end servers, networking gear and…

Biden and McCarthy's bumpy journey to a debt ceiling deal

investing.com When Kevin McCarthy was struggling early this year to get enough votes from his own Republicans to become Speaker of the House of Representatives, Democratic President Joe…

4 takeaways from Biden and McCarthy’s tentative debt ceiling deal

pbs.org It’s a deal no one in Washington claims to really like. But after weeks of negotiations, President Joe Biden and House Speaker Kevin McCarthy have struck an agreement to…

State Farm won't insure new California customers amid wildfire risks

axios.com Firefighters battle the Coastal Fire in Laguna Niguel, California, in May 2022. Photo: Wally Skalij/Los Angeles Times via Getty Images State Farm says it's no longer…

Disneyland's Most Affordable Hotel Still Charges $450 a Night

thestreet.com When visiting a Disney (DIS) - Get Free Report park, there are many benefits to staying directly on the property. You don't have to waste time and gas going back and forth,…

Challenges from the right and left threaten to derail the debt ceiling deal

fortune.com It’s a deal no one in Washington claims to really like. But after weeks of negotiations, President Joe Biden and House Speaker Kevin McCarthy have struck an agreement to…

Takeaways on debt ceiling: McCarthy's balancing act, Biden's choice and the challenges ahead

apnews.com It’s a deal no one in Washington claims to really like. But after weeks of negotiations, President Joe Biden and House Speaker Kevin McCarthy have struck an agreement to…