News about Silicon Valley business almost everyday.
Apple reported financial results for its fiscal 2022 third quarter ended June 25, 2022. The Company posted a June quarter revenue record of $83.0 billion, up 2 percent year over year. The results were impressive even as the company faced supply issues in China, the war in Ukraine and a strong dollar. Sales of Apple’s […]
Google is updating Chromecast to allow users to stream video from Nest cameras directly on their TVs. Starting soon, all Nest Cams and Nest Doorbells will be supported, including the latest devices that were released in 2021: the Nest Cam (outdoor or indoor, battery), Nest Cam (indoor, wired), Nest Cam with floodlight and Nest Doorbell […]
One person in Illinois hit it big in the Mega Millions lottery Friday night. A lucky ticket-holder in Illinois will be celebrating summer as the latest winner of a billion-dollar lottery jackpot. The winning ticket was sold at a Speedway convenience store located at 885 E Touhy Ave. in Des Plaines, IL, Only one ticket […]
SAN FRANCISCO – Instacart, the leading grocery delivery company in North America, announced that Electronic Benefits Transfer and Supplemental Nutrition Assistance Program (EBT SNAP) can now be used to buy groceries online in 10 additional states – Colorado, Hawaii, Idaho, Louisiana, Montana, New Mexico, Oregon, Utah, Washington, and Wyoming – through the Instacart App and […]
BERKELEY — Carmot Therapeutics, Inc., a clinical-stage biotechnology company applying its proprietary drug discovery platform, Chemotype Evolution, to discover and develop disease-modifying therapies in metabolic disease and cancer, has closed a $160 million Series D financing. The funding will support the completion of phase 2 studies for CT-388, a once weekly, dual modulator of the […]
The San Francisco Police Department (SFPD) is investigating a recent uptick in high-value watch robberies. Investigators believe suspects are specifically targeting victims they believe to be in possession of watches valued in the tens of thousands. These investigations are being led by the SFPD Robbery Detail. Investigators believe these robberies are organized and coordinated by […]
A crash between a Honda Accord and Chevy Suburban resulted in the deaths of four people and injured six according to Rio Vista Police Department. Police and fire departments were dispatched to the accident happened on July 27 at 8:12 p.m. on State Route 12 between Summerset Road and Church Road. Vehicle 1 was a […]
Chip maker Intel reported a surprisingly steep decline in second-quarter revenue of $15.3 billion, down 22% from the previous year. Intel’s Client Computing and Datacenter and AI Groups were largely impacted by continued adverse market conditions; Network and Edge Group and Mobileye achieved record quarterly revenue. The company reported a net loss of $454 million […]
Facebook is introducing Music Revenue Sharing, making it easier for video creators to monetize their videos that use licensed music from popular and emerging artists like Post Malone, Tove Lo, Grupo La Cumbia, Leah Kate, Bicep and more. This gives both creators and music rights holders a new way to earn money from videos on […]
SAN FRANCISCO — Nomad, a security-first cross-chain messaging protocol, announced crypto industry giants Coinbase Ventures, OpenSea, Crypto.com Capital, Wintermute, Gnosis, Algaé, and Polygon as participants in their April 2022 $22.4 million seed round. “Because Nomad provides a trust-minimized protocol for cross-chain messaging, there are potential applications that go well beyond just token bridging,” said Anurag […]
The Federal Trade Commission (FTC) is seeking to block virtual reality giant Meta and its controlling shareholder and CEO Mark Zuckerberg from acquiring Within Unlimited and its popular virtual reality dedicated fitness app, Supernatural. Meta, formerly known as Facebook, is already a key player at each level of the virtual reality sector. The company’s virtual […]
The Mega Millions jackpot keeps going up! The jackpot has been adjusted upward for the next drawing on Friday, July 29. The big prize is now estimated at $1.1 billion, with a cash value of $648.2 million. It was set at $1.02 billion yesterday. If won, it will be the second largest prize in the […]