News about Silicon Valley business almost everyday.
Apple TV+ has unveiled the teaser trailer and premiere date for “WeCrashed,” a new limited series from Lee Eisenberg and Drew Crevello, based on the hit Wondery podcast “WeCrashed: The Rise and Fall of WeWork” and starring Academy Award and SAG Award winners Jared Leto and Anne Hathaway. The limited series also stars Kyle Marvin, […]
California home sales and prices moderated in December as mortgage rates edged higher, but home sales for the entire year recorded the strongest pace since 2009, exceeding 2020’s level by 7.9 percent, according to data from The California Association of Realtors (C.A.R.). Bay Area home sales were down 23.1% for the year. Closed escrow sales […]
SAN JOSE — Roku is looking to add more original content to its service with a new feature film about Grammy-winning musician and pop cultural icon “Weird Al” Yankovic. Produced by Funny Or Die and Tango, WEIRD: The Al Yankovic Story will be available exclusively on The Roku Channel. Production on the biopic begins in Los […]
PALO ALTO – HP Inc. has introduced Fortis laptops, a new portfolio of PCs built to withstand the rigors of school use. Teaching and learning has forever changed. Before the pandemic, student PCs typically stayed in the classroom for occasional use. Today, learning is happening beyond just the classroom including the playground, on the bus, […]
Silicon Valley remains the top hub for technology salaries with average pay of $133,204, up 5.0% from a year ago, according to the 2022 Dice Tech Salary Report. The average technology salary nationwide is the highest ever recorded by Dice at $104,566, up 6.9% from the previous year. “With average tech salaries breaking the six-figure […]
SAN JOSE — With gas prices going up over the past year, inflation is also creeping up in online purchase according to Adobe. According to the latest online inflation data from the Adobe Digital Price Index (DPI) for December 2021, online prices increased 3.1%year-over-year (YoY) and 0.8% month-over-month (MoM). Meanwhile, consumer spending online for all […]
Chase, the largest co-brand card issuer in the U.S., and Instacart, the leading online grocery platform in North America, announced an expansion of their existing partnership to make Chase the exclusive issuer of Instacart’s first credit card later this year. As a part of this partnership, Mastercard will become the exclusive payments network for the […]
Stanford University is teaming up with Deerfield Management, a New York-based health care investment firm, to create Porter Alliance for Innovative Medicines that will accelerate translational research into clinical therapeutics. Deerfield has committed up to $130 million and additional scientific and operational support to this new collaboration to advance research coming out of Stanford faculty […]
Chip making giant Intel has announced plans to invest more than $20 billion in the construction of two new leading-edge chip factories in Ohio. The investment will help boost production to meet the surging demand for advanced semiconductors, powering a new generation of innovative products from Intel and serving the needs of foundry customers. To […]
Palo Alto-based Luminar has announced a partnership with German automaker Mercedes-Benz to accelerate the development of future highly automated driving technologies for Mercedes passenger cars. [Photo above: Austin Russell, Luminar Founder and CEO with Markus Schäfer, Chief Technology Officer responsible for Development and Procurement at Mercedes-Benz’ Sindelfingen, Germany plant. Source: Business Wire] Luminar’s Iris lidar […]
SAN FRANCISCO — SoFi Technologies, the digital personal finance company, has been approved by the Office of the Comptroller of the Currency (OCC) and the Federal Reserve to become a Bank Holding Company through its proposed acquisition of Golden Pacific Bancorp. SoFi will operate its bank subsidiary as SoFi Bank, National Association. SoFi expects the […]
SAN FRANCISCO – For those of you not interested in making your own meals, Instacart, the leading online grocery delivery service, has launched Ready Meals directly from supermarkets. Ready Meals provides fresh, healthy and cost-effective alternatives to restaurant takeout from customers’ favorite grocers. With Ready Meals, consumers nationwide can now take a break from cooking […]