#New : Plan to reclassify Cannabis:

Since 1971, marijuana has been in the same category as heroin, methamphetamines and LSD.

The DEA is expected to reschedule it to Schedule III, a category that includes Tylenol and steroids.

#Breaking : Google workers, fired after taking over the company's executive offices to protest Google's $1.2 billion contract with Israel, filed a complaint with the National Relations Labor Board (NLRB).

Workers say they are seeking reinstatement of their jobs and back pay.

The cost of high mortgage rates and housing scarcity:

Average SF Bay Area mortgage payment: $8,486
Average SF Bay Area rental payment: $3,024

A difference of 180%.

-Bankrate

#New : Bay Area median home prices jump again from one year ago:

San Mateo County: $2.17M
(+17%)
Marin County: $1.96 M
(+22%)
Santa Clara Cty: $1.91M
(+17%)
San Francisco Cty: $1.75M
(+2%)
Alameda Cty: $1.4M
(+16%)

Source: CA ASSN OF REALTORS®

Positive #EV news:

California now has one fast charging EV station for every 5 gas stations.

25% of all new cars sold in California last year were zero emission vehicles.

34% of new ZEVs sold in the U.S. are sold in California.

-California Energy Commission - ⚡#CalEnergy

#Update : There have now been 75,000 tech layoffs so far in 2024.

-Layoffs.fyi

#New report from nhtsagov:
Tesla Autopilot design 'led to foreseeable misuse and avoidable crashes.'
$TSLA

#New : Income needed to be 'rich' (top 5%) in:

Washington, DC: $719,253
Connecticut: $656,438
New York: $621,301
Massachusetts: $617,199
California: $613,602
New Jersey: $613,494

Source: GOBankingRates

New: Google shares jump 14% in extended trading after the company reported results that topped analysts’ estimates, showed soaring profits in its cloud division and announced its first dividend. cnb.cx/49Nc9ze

#New : Downtown San Francisco:

Retail vacancy now at highest recorded level of 7.9%.

Union Square vacancy now at highest recorded level of 20.6%.

Source: ⁦Cushman & Wakefield⁩

#New : Least affordable big cities in the US:

1. San Jose - You have to earn $468,252 a year to afford a typical single family house.

2. San Francisco: You have to earn $334,676.

3. Los Angeles
4. San Diego
5. Honolulu

Source: Creditnews Research, National Association of REALTORS®

#New : Median 1 BR rent:

New York: $4,280
Jersey City: $3,250
San Francisco: $2,910
Boston: $2,860
Miami: $2,740
San Jose: $2,550
San Diego: $2,360
Los Angeles: $2,300

Source: Zumper

#Breaking : Senate passes a measure to force Chinese TikTok parent company ByteDance to sell the social media platform or else face a national ban of the app.

The provision would give ByteDance nine months to sell.

One gallon of gas (Menlo Park) above the federal hourly minimum wage.

How cool to see the wedding of Ben Parr and Deborah Yarchun in the NYT!!

Complete with a dating app joke!

Congratulations to Ben and Deborah!

#Breaking : The House just passed a bill that would force Chinese company ByteDance to sell TikTok.
#TikTokban

Happy 420 Day.
For those keeping track, California licensed cannabis dealers reported more than $5 billion in sales for 2023.

That’s $1.1 billion in state tax revenues brought in from weed dispensaries.
#420day

Source: CDTFA

Gas in the Bay Area creeps back to $7 a gallon.
(This is 4th st, San Francisco).