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For investors still haunted by last week's monster sell-off, the market's comeback is set to last, according to J.P. Morgan's quant guru.Marketsread more
A U.S.-China trade deal would be less likely if President Xi cracks down violently on the large-scale protests in Hong Kong, Secretary of State Mike Pompeo tells CNBC.Politicsread more
The launch follows a "preview" earlier this month that allowed only limited customers to apply.Technologyread more
Home Depot's CEO says the retailer cut its outlook partly due to "the potential impacts to the U.S. consumer arising from recently announced tariffs."Retailread more
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U.S. interest rates will keep falling and follow global interest rates all the way down to zero, hedge fund manager Kyle Bass said.Marketsread more
Financial advisers are always "buying at the wrong time and selling at the wrong time because they're emotional," the billionaire founder of Baron Capital says.Marketsread more
"We think the stock is appealing once again," J.P. Morgan says of Beyond Meat.Marketsread more
"It was a right time for them to make the change, and it was the right time to buy the stock," Bruce Linton tells CNBC.Health and Scienceread more
A new probe could bring more pressure to some of the nation's largest tech firms, which are already facing federal scrutiny.Technologyread more
The city of San Francisco is known for its idyllic skylines, booming technology and sky-high real estate prices—some of which come without a crucial feature: a parking spot.
Now, one building offering a pricey unit is trying to alleviate that problem by adding a clever sweetener. To compensate, the seller and the listing agent came up with a unique incentive to make the condo more appealing: a year's worth of free Uber rides, for up to $5,000, to the potential buyer.
The one bedroom in San Francisco's popular Marina district is listed at $799,000—priced several hundred thousand dollars less than an identical unit that recently sold a floor above it, simply because it lacks parking. That's nothing to sneeze at: In a busy neighborhood like the Marina, no space for a car could mean the difference between a potential buyer making an offer, or walking away entirely.
For that reason, Listing agent Rick Kaluza and the condominium's owner at 2701 Van Ness Ave. came up with the free car service angle. Kaluza said the response to the listing has gone through the roof, and predicts you can expect to see more of these types of incentives in the future.
"Being in San Francisco, the high-tech hub for everything new and trendy, we only want to create more innovative ideas just like this Uber deal to get people to buy property," said Kaluza.
San Francisco ranks second in the entire country for having the highest median price of a single-family home at nearly $900,000, with foreign investors and new tech millionaires among the buyers looking to swoop in and get in on a hot neighborhood.
With a dwindling number of homes on the market, and prices expected to stay sky high, Kaluza says both buyers and sellers may need to get creative to make sure that they stand out among the crowd.