Mar. 9—"It's just impossible to live here. It's no longer the American Dream — it's the American nightmare around here." — Manuel Jimenez, 67, of Morgan Hill, a retired San Jose State graduate who worked as a financial analyst for defense contractors Lockheed Martin and Teledyne but now struggles financially,

Hiring in Silicon Valley has staggered to a halt, yet per-capita income has hopped higher, a new report shows.

Foreign workers are arriving in Silicon Valley at record levels while the general labor force is getting older and leaving in droves — driven away by soaring housing and health care costs and enabled by the seismic shifts of remote work.

Housing, artificial intelligence and income inequality made headlines and heads spin after the Silicon Valley Index Report was published.

Notable donations to Duran's fundraising committee came from family members and individuals living in and outside of San Jose. Among Duran's top San Jose donors is Juan Gallardo, an enterprise architect for Santa Clara County. Duran also loaned himself $20,000 and donated another $5,000 to his committee.

The largest homebuilders in Silicon Valley reported more than 1,050 housing starts and more than 1,216 closings during 2024 in the San Jose-Sunnyvale-Santa Clara metropolitan area. Inclusion on this year's List required each homebuilder to have a minimum of more than eight housing closings during 2024.

Logitech believes its quest to ride the artificial intelligence boom is getting a huge boost because of its San Jose location.

In a decision on Thursday, U.S. District Judge Beth Labson Freeman in San Jose, California said the former parent, now known as SVB Financial Trust, adequately alleged that the FDIC in its corporate capacity maintained control over the deposits, though the allegations were "vanishingly thin."

This university is currently accepting applications for its first courses, with classes starting in the summer.

Welcome to Bloomberg’s California Edition—covering all the events shaping one of the world’s biggest economies and its global influence. Join us each week as we put a unique lens on the Golden State.

Silicon Valley's staggering income divide has widened twice as fast as the state and national average over the past decade, reflecting a tech-driven economy failing to deliver a living wage for almost a third of families while also producing 56 billionaires.

Local cities have some of the nation’s highest gender pay gaps, according to a recent report from TruckInfo.net, which compiled U.S. Census data comparing the median incomes of men and women in cities nationwide.