News about Silicon Valley business almost everyday.
SANTA CLARA — The U.S. median rental price hit its latest new high of $1,849 per month in May, representing a 26.6% increase since 2019 before the pandemic began, according to the Realtor.com Monthly Rental Report. While May marked the 10th straight month of double-digit annual growth in national rents, the increase was the smallest since September 2021, offering renters […]
Toyota Motor North America (TMNA) reported U.S. sales in June 2022 of 170,155 vehicles, down 17.9 percent on a volume basis and down 21.1 percent on daily selling rate (DSR) basis versus June 2021. June 2022 sales of electrified vehicles totaled 39,965, representing 23.5 percent of total monthly sales. The company continues to have problems manufacturing new vehicles due […]
SAN JOSE — PayPal is introducing a new business credit card to better meet the everyday financing needs of small business owners. The PayPal Business Cashback Mastercard, issued by WebBank and powered by the Mastercard network, is the first business credit card offered through PayPal. The card has no annual fee and rewards cardholders with […]
SAN JOSE – Streaming platform Roku is partnering with NBCUniversal Local to bring several NBC local news channels to The Roku Channel. The channels are now available for users to access through The Roku Channel’s Live TV Guide. Through the partnership, NBCUniversal Local will bring local news channels from its NBC stations in major markets […]
John Doerr, Chairman of top Silicon Valley venture capital firm Kleiner Perkins, has donated over $1.1 billion to launch the Stanford Doerr School of Sustainability this fall. This will be Stanford’s first new school in 70 years. The $1.1 billion gift from John and his wife Ann Doerr [photo above (credit: Edward Caldwell)] is the […]
Bitcoin continues its steep decline dropping below the $18,000 mark on Saturday afternoon. The largest cryptocurrency was down over 12% in the past day according to Coinbase and is down 62% year-to-date. Unlike the stock market which trades primarily during business hours Monday thru Friday, Bitcoin trades round the clock, 365 days per year and […]
In an untimely move, PayPal announced last week that users can now send crypto between accounts. Since then, Bitcoin has plunged by more than 30% and is now under $19,000 as of Saturday. PayPal said it now supports the native transfer of cryptocurrencies between PayPal and other wallets and exchanges. This feature has been consistently […]
SAN FRANCISCO — DoorDash, the nation’s leading food delivery service, has unveiled its first annual awards list honoring the top 100 Most Loved All Star Restaurants in the United States for 2022. The restaurants on this list are all available on Doordash. They’re also reliable, top-rated by consumers, and exceptional at operations — fewer than 1% of […]
MENLO PARK — The law firm of Freshfields Bruckhaus Deringer LLP has officially opened a new 40,000-square-foot office at 855 Main in downtown Redwood City. As anchor tenant, the firm occupies the top two floors of the new building. Additionally, the building and lobby are adorned with Freshfields signage. “We are delighted to be in […]
SAN FRANCISCO — Kruze Consulting, a CPA and finance consulting company for VC-backed startups, has released new data on the average salary for startup CEOs. 2022 is becoming a record year for startup CEO salaries – averaging $150,000 per year, up from the 2021 average of $146,000, and an increase of 8% since the pandemic […]
Shares in Tesla Motors, the leading electric-car manufacturer, tumbled Friday after reports that CEO Elon Musk wants to reduce jobs at the company by 10% to reduce costs. Tesla builds most of its vehicles at its massive 5.3 million square-foot plant in Fremont. The plant employs about 22,000 people. According to a report by Reuters, […]
SANTA CLARA — Housing inventory in the U.S. recorded the first year-over-year increase since June 2019, according to the Realtor.com Monthly Housing Trends Report released today. The median national home price also soared to an all-time high of $447,000 and buyers snatched up listings a week faster than last year. “Among key factors fueling the inventory comeback are […]