Updated Jul 8, 2018

San Francisco tops list of most expensive places to live in the world

An aerial view of the Golden Gate Bridge. Photo: Ezra Shaw/Getty Images

A new study conducted by Walletwyse shows that out of 540 cities around the world, San Francisco has the most expensive rent averaging $3,500 per month.

The runner ups: Hamilton, Bermuda took the second spot with an average rent of $3,400 a month. Manhattan, New York ranked third with a $3,050 average price tag. San Jose, California — about 50 miles south of San Francisco — was slated fourth at $2,500. And Hong Kong tied with Oakland, California for the fifth spot with an average monthly rent of $2,450.

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The race to catch Nike's Vaporfly shoe before the 2020 Olympics

Illustration: Aïda Amer/Axios

Four months ago, on the very same weekend, Eliud Kipchoge became the first human to run a marathon in under two hours, and fellow Kenyan Brigid Kosgei shattered the women's marathon record.

Why it matters: Kipchoge and Kosgei were both wearing Nike's controversial Vaporfly sneakers, which many believed would be banned because of the performance boost provided by a carbon-fiber plate in the midsole that acted as a spring and saved the runner energy.

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Reassessing the global impact of the coronavirus

Illustration: Aïda Amer/Axios

Economists are rethinking projections about the broader economic consequences of the coronavirus outbreak after a surge of diagnoses and deaths outside Asia and an announcement from a top CDC official that Americans should be prepared for the virus to spread here.

What's happening: The coronavirus quickly went from an also-ran concern to the most talked-about issue at the National Association for Business Economics policy conference in Washington, D.C.

Tech can't remember what to do in a down market

Illustration: Rebecca Zisser/Axios

Wall Street's two-day-old coronavirus crash is a wakeup alarm for Silicon Valley.

The big picture: Tech has been booming for so long the industry barely remembers what a down market feels like — and most companies are ill-prepared for one.