I inherited a house in San Francisco from my aunt. My aunt had rented her basement to an older couple (probably illegally) for a few years at below market prices. I don’t believe there was a lease, and it’s probably against building code to have tenants in the basement. The couple’s family lives nearby. I … Read more
The Federal Deposit Insurance Corp. said Monday it had transferred all deposits, insured and uninsured, from the old Silicon Valley Bank to a new full-service bridge bank operated by the FDIC as part of an action to protect all depositors from the bank. . The move comes after the regulator closed the bank and its … Read more
WASHINGTON—Anyone who recently completed a home improvement project that suffered from rising costs, shortages and delays is now a distinguished business: The Federal Reserve, the U.S. institution charged with controlling inflation, is also struggling to contain the expenses of his sumptuous excavations. The central bank is in the midst of a long-running project to transform … Read more
For its fiscal year that just started, Salesforce predicted an increase in profit margins and revenue that would exceed analysts’ forecasts. “Improving profitability is our top priority,” co-founder and chief executive Marc Benioff said in a call with analysts. Mr. Benioff said the company was downsizing, reducing property costs and increasing its expense control. He … Read more
Last updated: February 28, 2023 at 9:47 p.m. ET First published: February 28, 2023 at 9:40 p.m. ET As Salesforce Inc. cut jobs and looked for ways to cut costs, it also reportedly paid actor Matthew McConaughey more than $10 million a year to serve as a creative adviser and TV presenter. The Wall Street … Read more
