News about Silicon Valley business almost everyday.
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 […]
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 […]
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 […]
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 […]
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 […]