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
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
Tesla Inc. TSLA would be on the lookout for its own lithium mining company, and the losses are piling up for the stocks of lithium producers. Shares of Albemarle Corp. ALB were down more than 4% on Tuesday, after falling nearly 10% on Friday. Livent Corp. LTHM stocks extended their losses for a third day, … Read more
