News about Silicon Valley business almost everyday.
Fifty years ago this month in 1972, Honda introduced to the world the Honda Civic. A half century later, with sales approaching 30 million globally and now in its 11th generation, Civic is the longest-running automotive nameplate in Honda history and the best-selling Honda automobile of all-time. Since going on sale in America in early […]
SAN JOSE – Adobe recently unveiled major updates to Creative Cloud applications Photoshop, Lightroom and Lightroom Classic, delivering significant new features, benefits and value to customers. The updates deliver new editing and usability enhancements to Photoshop on the web (beta), leverage Adobe Sensei AI and machine learning to help simplify complex workflows for creatives and […]
The average price paid for a new vehicle in the U.S. in June was the highest on record and marked the first time the average transaction price (ATP) surpassed the $48,000 mark and over $66,000 for luxury vehicles, according to new data released by Kelley Blue Book. The new-vehicle ATP increased to $48,043 in June 2022, according to Kelley Blue […]
SAN FRANCISCO — Instacart, the leading grocery delivery service, announced the introduction of Cart Star, a new shopper rewards program that will invite shoppers to get recognized for their hard work on the platform. Instacart has over 600,000 shoppers nationwide that shop for items at supermarkets and delivery directly to customers. The Cart Star program will […]
With gas prices soaring this year, consumers have felt more pain at the pump. Data from commerce technology company Square finds that consumers have been turning to electronic modes of transportation to curb the effects of inflation, purchasing e-bikes and e-scooters at an increasing rate. E-transportation is becoming increasingly popular as people look for alternative […]
MILFORD — Subway restaurants has unveiled the Subway Series, a lineup of 12 all-new signature sandwiches ordered by name or number. These new sandwiches feature a combination of meat, cheese, vegetables, sauce and freshly baked bread. To celebrate the most significant menu update in its nearly 60-year history, Subway is inviting America to experience these […]
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 […]