Economy

Marc Andreessen compares California to Rome circa 250 AD

Billionaire venture capitalist Marc Andreessen said he decided to “double down on California” and stay in the state, even as he likened it to “living in the ruins of a once great civilization.” In a 34-tweet thread on Tuesday Andreessen, who co-founded the venture capital firm Andreessen Horowitz, said that he and his family considered …

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More than half of Silicon Valley residents want to leave: ‘The mood is darkening’

More than half of all residents in the Big Tech hub of Silicon Valley are planning to ditch the region due to spiraling costs and quality-of-life issues, according to the results of a poll released this week. A whopping 64% of residents in Silicon Valley, home to corporate heavyweights such as Google, Meta and Apple, …

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Mortgage activity hits 25-year low as rates rise

Check out what’s clicking on FoxBusiness.com Higher interest rates have hit the home-buying market hard. In the past week, overall application activity dropped to its slowest pace since 1997. Demand for mortgage applications plunged 14.2%, according to the weekly mortgage application survey from the Mortgage Banker’s Association. “The 30-year fixed rate hit 6.75% last week …

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‘It’s Gonna Look Like a Ghost Town’: Garberville Business Owners Sound the Alarm as Weed Industry Tanks | Lost Coast Outpost

Jolan Banyasz, owner of Sweet Grass Boutique, addresses the Board of Supervisors. | screenshot ### Garberville business owners appeared before the Humboldt County Board of Supervisors on Tuesday to “sound the alarm” over a precipitous decline in revenues, a drop they attributed to existential struggles in the region’s renowned cannabis industry. “I personally …

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Jim Goodnight says SAS ‘committed’ to teach, reskill workers

CARY – SAS will play a critical role in North Carolina’s workforce development, according to the Cary-headquartered analytics company’s CEO and co-founder Jim Goodnight. “We are committed to help teach and reskill,” said Goodnight in opening remarks at the kickoff event of MFG Day 2022 on Wednesday. The full agenda for the event will take …

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Meta Being Sued By Investor For Not Being Woke Enough – OutKick

It’s always funny to see the left attack each other for not being liberal enough, and it’s even better when it comes to social media platforms. Meta, the parent company of Facebook, is facing a new lawsuit from a shareholder activist, who, according to a Bloomberg report, “says the directors put profit over public safety, …

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Gas prices hit record high in LA and Orange counties for the 2nd day in a row – Daily News

By STEVEN HERBERT | City News Service LOS ANGELES — The average price of a gallon of self-serve regular gasoline in Los Angeles County rose Tuesday to a record for the second consecutive day, increasing 2.3 cents to $6,489. The average price has risen 32 consecutive days, increasing $1,243, including seven-tenths of a cent Monday, …

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Requested a late-filing tax extension? The deadline is looming closer

The Wall Street Journal columnist Jason Riley and The Federalist senior editor Christopher Bedford discuss the potential shortcomings of the Inflation Reduction Act on ‘WSJ at Large with Gerry Baker.’ Time is running out for the millions of Americans who requested a tax deadline extension earlier this year to file their 2020 income returns without …

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