News about Silicon Valley business almost everyday.
Apple TV+ held the world premiere event for “Surface,” the highly anticipated psychological thriller starring Gugu Mbatha-Raw, Oliver Jackson-Cohen, Stephan James, Ari Graynor and more, and executive produced by Veronica West, actress Reese Witherspoon and Lauren Neustadter. The event was held in New York City on Monday. “Surface” makes its global debut with the first […]
Chipotle Mexican Grill has launched a new interactive game called “Buy The Dip” that will give away more than $200,000 in free crypto as well as promo codes for 1-cent guac and 1-cent Queso Blanco through July 31, National Avocado Day. Fans can access the “Buy The Dip” game by visiting: WWW.CHIPOTLEBUYTHEDIP.XYZ. The game will be open from 10am PT to 6pm […]
SAN FRANCISCO — Switchboard, a cloud coworking space, has raised $25 million in Series A funding led by Icon Ventures, with participation from existing investors Sequoia Capital, XYZ Venture Capital, and Spark Capital. The Series A brings Switchboard’s total funding to date to just over $38M. Switchboard launched publicly into beta in May, and has […]
FREMONT — Enphase Energy, Inc., the world’s leading supplier of microinverter-based solar and battery systems, reported record quarterly revenue of $530.2 million in the second quarter of 2022. The company shipped 3,348,553 microinverters, or approximately 1,213 megawatts DC, and 132.4 megawatt hours of Enphase IQ Batteries. Shares in Enphase were among the top performing companies […]
Walmart, the nation’s largest retailer, warned of lower profits for the second-quarter and full-year, primarily due to pricing actions aimed to improve inventory levels at Walmart and Sam’s Club in the U.S. and mix of sales. Comp sales for Walmart U.S., excluding fuel, are expected to be about 6% for the second quarter. This is […]
SAN JOSE — Bloom Energy held a grand opening of its multi-gigawatt manufacturing plant in Fremont. The newly operational, state-of-the-art 164,000 square foot facility, representing a $200 million investment, follows recent expansion of the company’s global headquarters in San Jose as well as the opening of a new research and technical center and a global […]
MENLO PARK — Lightspeed Venture Partners announced the closing of three new funds: Lightspeed Venture Partners XIV-A/B, L.P. (“Fund XIV”) with $1.98 billion, Lightspeed Venture Partners Select V, L.P. (“Select Fund V”) with $2.26 billion, and Lightspeed Opportunity Fund II, L.P. (“Opportunity Fund II”) with $2.36 billion of committed capital. Separately, Lightspeed India Partners announced […]
California’s housing market continued to downshift in June as housing demand cooled further to levels not seen in the past two years and logged its biggest dip since May 2020, according to the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.). Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 344,970 in June, according to […]
For the third time in the 20-year history of Mega Millions, the jackpot has surpassed the magical $1 billion mark. No ticket matched all six numbers drawn Tuesday night – the white balls 7, 29, 60, 63 and 66, plus the gold Mega Ball 15 – so the estimated jackpot on Friday, July 29, is […]
The Mega Millions jackpot for tonight’s drawing has been increased to $830 million due to strong sales, with a cash value of $487.9 million. The jackpot was listed at $790 million after no one won the last drawing on Friday. If won, it will be the third largest Mega Millions jackpot prize in the game’s […]
Amazon is rolling out its first custom electric delivery vehicles made by Rivian. The electric vehicles are hitting the road in Baltimore, Chicago, Dallas, Kansas City, Nashville, Phoenix, San Diego, Seattle, and St. Louis, among other cities. This rollout is just the beginning of what is expected to be thousands of Amazon’s custom electric delivery […]
A man was arrested last week for indecent exposure and masturbating at a Berkeley fraternity house. On July 19th at 6:18 pm, Berkeley police officers responded to a Collegiate Greek system residence on the 2400 block of Piedmont Avenue on a report of a suspect who was masturbating outside the residence. When officers arrived, they […]