Category: Business

Speculation over speculation taxes, affordability and foreign investment

Call it speculating about speculation taxes. Developers, vacation homeowners, agents and academics are musing and arguing about how housing measures unveiled this week by the B.C. NDP government will unfold. There has been much cheering for the bold moves aimed at improving affordability. They include taxes on speculation and also widened taxes for foreign buyers and luxury properties. At a…

Housing taxes could put recent buyers underwater on mortgages

VICTORIA — British Columbians who bought homes last year in an attempt to borrow before a federal tightening of mortgage rules could be most at risk if the NDP government’s new housing taxes leads to a drop in prices. Finance Minister Carole James reiterated Thursday her desire to “moderate” B.C.’s housing market with a new speculation tax unveiled this week,…

Silicon Valley tech hiring outpaces rivals, but woes worsen

SAN JOSE — Silicon Valley remains the nation’s leader in tech job creation, but the region’s innovation economy is imperiled by inadequate levels of housing construction, skyrocketing home prices and a migration of residents to other states, according to a report released Thursday. “The gap between job and housing growth is large and widening,” stated the 2018 report by the…

Tesla Model 3 reservation holders invited to order, cars to come in ‘about four weeks’

Some of the hundreds of thousands of people who have reserved the twice-delayed Tesla Model 3 sedan are being invited to order and configure their vehicles — and Tesla said they should get the cars about a month after ordering. Tesla’s not saying how many reservation holders have received the notices — but this is the first time such invitations…

Hewlett Packard Enterprise, HP Inc. deliver double dose of good results

PALO ALTO — Whether it’s a symbol of the end of the Meg Whitman era, or the start of the reign of Antonio Neri, Hewlett Packard Enterprise got on the good side of Wall Street Thursday with better-than-expected quarterly results, and plans to return billions of dollars to shareholders due to the recent federal tax reforms. HPE’s former business brother,…

Roku shares stream into the red as sales outlook disappoints

A weak outlook from Roku prompted investors to hammer its shares Thursday, taking the shine off the Los Gatos-based streaming TV technology company’s strong fourth-quarter results. Roku shares plunged almost 18 percent Thursday, to $41.88, after the company said Wednesday that it expects to lose between $40 million and $55 million this year. While that range suggests Roku believes it…

Mark Zuckerberg, Priscilla Chan to fund Stanford award to fight Alzheimer’s Disease

Facebook founder Mark Zuckerberg and his wife Priscilla Chan have launched a new effort with Stanford School of Medicine to fight Alzheimer’s Disease and other neurodegenerative diseases. The Chan Zuckerberg Initiative will be funding five-year and three-year grants to scientists, including one that will support early career investigators willing to pursue bold, innovative ideas to fight the diseases, Stanford Medicine…