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California's nominal GDP has now reached $4.1 trillion, making it the world's 4th largest economy. 1. United States 2. China 3. Germany 4. California 5. Japan -IMF

#New: Meta says it’s laying off employees in its Reality Labs division. That’s the virtual reality, augmented reality and wearable device group.

#New: To buy, or rent: Largest gaps (monthly payments) between buying and renting in the US: 1. San Francisco: 191% 2. San Jose: 186% 3. Seattle: 120% 4. Denver: 96% 5. Salt Lake City: 90% 5. Los Angeles: 89% - Bankrate

If current tariffs stay in place, next year's tax bill for the poorest 20% of households would rise about four times more than those in the top 1%. Source: ITEP

#New: The “cheap” clothing and other items sold on Chinese e-commerce sites Shein and Temu are now more expensive, because of the new tariffs. Starting yesterday, the sites started hiking prices, some by as much as 300%.

#New: Latest rent report (avg 1BR): New York*: $4,640 San Francisco: $3,210 Jersey City: $3,110 Boston: $2,860 Miami: $2,700 San Jose: $2,690 Los Angeles: $2,300 Washington DC: $2,290 San Diego: $2,250 *All time high. -Zumper

Amazing: Man whose cancer was detected and removed with help from Intuitive robotic surgery meets the doctors at Intuitive HQ, and watches demo of machines. He tells me, “I’m cancer free.”

#New: Want a driverless car for yourself? Waymo and Toyota say they'll work together on both a "new autonomous vehicle platform," and a program for "personally owned vehicles."

Elon Musk says DOGE saved $160 billion. The Partnership for Public Service estimates DOGE cost $135 billion to operate, pay severance for layoffs, etc. So .. total of maybe $25 billion in savings overall?

#New: Annual income you need to afford a median priced home in: San Jose: $370,000 San Francisco: $263,000 Los Angeles: $316,000 San Diego: $259,000 US average: $114,000 Source: Realtor.com

#Breaking: Apple announces $100 billion share buyback, raises dividend by 4%. $AAPL

I spent hours today on the phone with folks at housing organizations set to see funding from Chan Zuckerberg Initiative end soon. Many suspect it's because of the org's pullback on DEI-related initiatives: mercurynews.com/2025/05/01/mar…

#New: Looking for a job in tech? California led all states with 26,280 tech jobs postings in April, an increase of 1,037 from March. AI job-related postings stand at 55,726, an increase of 184% over the same month a year ago. Source: CompTIA

#Breaking: Temu says it has stopped shipping products from China directly to U.S. shoppers, because of tariff concerns.

55%. Shot tonight in Silicon Valley.

If you live here, and make this salary, you qualify as LOW INCOME and are eligible for affordable housing: Santa Clara County: $111,700 Marin and SF Counties: $109,700 Napa County: $89,750 -California Department of Housing and Community Development.

#Breaking: Ford (an American car company) expects to see a $2.5 billion cost impact from tariffs this year. $F

#New: Bay Area rents (median 1BR): Menlo Park: $3,360 Palo Alto: $3,340 Mtn View: $3,270 San Francisco: $3,210 Sunnyvale: $3,040 Cupertino: $2,990 Santa Clara: $2,920 San Jose: $2,690 Fremont: $2,500 Oakland: $1,970 Source: Zumper

#New: ZOOX, Amazon's robotaxi division, is recalling its self-driving vehicles after a crash in Las Vegas last month. $AMZN

Wow. 58 wallets have made over $10 million each from President Trump’s meme coin. 764,000 wallets have lost money on the coin. $TRUMP -Chainalysis