News about Silicon Valley business almost everyday.
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 […]
SAN JOSE — ZEDEDA, a specialist in edge orchestration, announced that it has closed $26 million in Series B funding, capping a period of exponential growth. The broad range of new and existing investors — including Coast Range Capital, Lux Capital, Energize Ventures, Almaz Capital, Porsche Ventures, Chevron Technology Ventures, Juniper Networks, Rockwell Automation, Samsung […]
Palo Alto Police have arrested four suspects for organized retail theft last Sunday evening after they were caught shoplifting at lululemon store in the Stanford Shopping Center. The investigation linked them to prior thefts in other cities earlier in the day. On Sunday, July 17, 2022, at about 6:02 p.m., the Palo Alto Police 24-hour […]
PALO ALTO – HP Inc. has released The Evolution of Cybercrime: Why the Dark Web is Supercharging the Threat Landscape and How to Fight Back – an HP Wolf Security Report. The findings show cybercrime is being supercharged through “plug and play” malware kits that make it easier than ever to launch attacks. Cyber syndicates […]
No one won the Mega Millions lottery jackpot Friday night and next Tuesday’s drawing will be a whopping $790 million if there is one winner. The cash value of the jackpot is $464.4 million. With strong sales expected for such a large jackpot, don’t be surprised if the final prize value for Tuesday’s drawing goes […]