A lot of people argue that inflation in the past couple years is a function of corporate greed - big companies using the excuse of rising costs to charge more and take more profit.
Well, here's some proof - a second straight year of record margins.
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Jeremy C. Owens
@jowens510
San Francisco Bureau Chief/Tech Editor for . Southern by birth, East Bay by choice. Verified for journalism, would never pay Elon a dime.
Jeremy C. Owens’s Tweets
*having brunch at local diner*
C: "Where'd u go?"
Me: "To see if they had a copy of today's newspaper up there"
C: "Why would you want one of those? These days we have these things called 'phones'"
He's 7, but already knows exactly how to troll me.
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This is the most incredible ad for San Francisco, and it's just a robot puppet. Seriously, if you live in the Bay, you have to watch this. youtu.be/Vb5y-kY6nVw
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Every time Apple reports earnings, clout chasers run to tweet "LOOK AT HOW MUCH CASH APPLE HAS!"
But they typically ignore $AAPL's debt, which cancels a lot of that cash out. And net cash - which cancels out debt - is aimed at 0 and getting closer.
More: marketwatch.com/story/apple-is
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Please follow Jane, subscribe to or your local legacy news organization, credit photographers and do all you can not to let silver-spoon billionaires steal sports teams from deserving fans.
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What a beautiful yet sad picture by of a rainbow over a nearly empty Oakland Coliseum.
A true image of the A's fans' wonderful Last Dive Bar, and what John Fisher has done to it.
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Nevada's Assembly speaker says the Oakland A's have not presented "concrete" language requesting $500 million in public money to help construct a stadium in Las Vegas, and if a proposed bill doesn't materialize soon the Legislature could "run out of time."
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This is an important legislative development: Sen. Ed Markey reintroduces long-sought sequel to kids’ online-safety law
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And the suspect has apparently made it out of the building
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This is terrifying - active shooter at a hospital in Midtown, a busy downtown district that includes the Federal Reserve bank of Atlanta and the Adult Swim/Cartoon Network offices.
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Update as of 12:42pm - We are working an active shooter situation inside a building on West. Peachtree St, between 12th St and 13th St. We are aware of multiple people injured. No suspect is in custody.
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The SF Chronicle’s office building turns 100 next year 🥳
An early gift: Yahoo and Autodesk are leaving, and the building’s vacancy could soar from 0% to 60% by fall.
The new 415 Natoma tower next door, which is over 3x larger, is 97% vacant
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One of the fights writers have picked in their strike is with AI, seeking to avoid being replaced by ChatGPT.
"No question it will destroy the script-writing process as we know it," tells .
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Eric Han, TikTok’s US head of trust and safety, is leaving the company.
Insiders told me he compared his recent promotion to lead the US data security team to being given a “poison chalice” amid the toxic political environment, w
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Don't believe me? How about from the horse's mouth?
"The dynamics of the downtown S.F. market have changed dramatically over the past several years, *impacting customer foot traffic to our stores* and our ability to operate successfully," $JWN said.
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No surprise that a luxury store closing in downtown SF is leading to another round of "It's all the criminals hanging out down there!"
Those criminals have always been there. The change is that the typical customers of luxury stores aren't commuting into SF daily anymore.
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Uber keeps getting bigger. Execs touted pandemic-recovery growth in the U.S. and Canada, and CEO addressed Uber vs. Lyft, on today's earnings call.
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🎙️ ON AIR:
We're speaking w/ , & about what First Republic Bank's failure means for our local economy and whether we need brick and mortar banks.
❓ What will you miss about Frist Republic Bank?
📻 Listen:
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Joining at the top of the hour to discuss the First Republic implosion and what it means for the Bay Area. Listen in!
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TUES at 9 AM PT w/ :
We'll speak w/ , & about what First Republic Bank's failure means for our local economy and whether we need brick and mortar banks.
❓ What will you miss about Frist Republic Bank?
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Students are turning to ChatGPT for study help, and Chegg stock plummets 30%
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SF firefighter on Waymo's self-driving vehicles as they drive around The City: “They’ve made every effort to work with us in public safety measures and be a good partner. But they do not have a good product.”
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Judge Orrick is considering a new TRO on Oakland based on accusations that the city blocked people-including reporters-trying to document the major operation to remove unhoused people from Wood Street. testified in this hearing as a journalist.
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Journalists and unhoused residents suing Oakland PD to gain access to report on Wood Street Eviction. court hearing 3:00 PM at this link: cand-uscourts.zoomgov.com/j/1611812513?p
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Amazon stock gives up after-hours gains after CFO says revenue growth for AWS is slowing in April.
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$AMZN now down in after-hours trading after CFO Brian Olsavsky said in a conference call that AWS revenue growth has decelerated further in April.
“April revenue growth rates [are] 500 basis points lower than what we saw in Q1,” he said.
More:
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Amazon's profit and stock took a hit in 2022, as its investment in Rivian and a decline in pandemic-era demand hit the bottom line.
But 2023 is starting different, with $3 billion in net profit in the first three months - $AMZN is up more than 10% rn.
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Good morning, Elon Musk has been ordered to give a deposition in a trial because Tesla has been claiming that his (many) public statements about Autopilot's capabilities might have been deepfaked.
Seriously.
finance.yahoo.com/news/elon-musk
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"The club’s average attendance is a major-league low 11,026, not because the market has failed the team, but because the team has failed the market."
Great reality check from on the self-fulfilling prophecy of Fisher and Manfred's handling of the A's organization.
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On Manfred, Fisher and the A’s. Column: theathletic.com/4457038/2023/0
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New music: @YourOldDroog – ‘Venture Capital’, produced by @SADHUG0LD grownuprap.com/2023/04/26/you
new from me: a please-don't-do-this list from flight attendants and the TSA
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Yet another part of the anti-SF crowd's crime narrative is falling apart.
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BREAKING: New revelations that a former San Francisco fire commissioner beaten with a metal rod is under scrutiny for possible ties to a series of unprovoked bear spray attacks on homeless people may jeopardize the case against his alleged assailant. sfstandard.com/criminal-justi
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Amazon ripped off the Band-Aid. Does that mean big earnings are about to flow?
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Microsoft's forecast is in, and its a beat across the board - total revenue, all three segments and Azure % growth.
$MSFT is responding, getting another after-hours boost and now heading toward a 52-week high.
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NEW COLUMN: and I tackle the closure of the Civic Center Whole Foods, a 63,737 sq ft store stocked with gourmet cheese and sustainable caviar.
(Spoiler alert: we're not convinced one of the biggest corporations in the world is a victim.)
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Alphabet’s stock rises as earnings show Google ad sales holding steady
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Microsoft stock pops as earnings beat, Azure growth holds up better than expected
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