News about Silicon Valley business almost everyday.
SAN JOSE — Cisco has announced new innovations designed to power hybrid work with people working from home, in the office, or anywhere. The company has unveiled the industry’s first high-end Wi-Fi 6E access points, Private 5G for the enterprise as a managed service, and new high-powered Catalyst 9000X series switches with Cisco Silicon One […]
Alphabet, the parent company of Google, reported spectacular revenues and earnings for the fourth quarter 2021 and plans to split shares of stock 20-for-1 in July. The stock split applies to the company’s Class A, B and C shares and will bring the price back down into the mid-$100s based on the current trading price […]
SVB Leerink, a Boston-based investment bank specializing in healthcare and technology and subsidiary of Silicon Valley’s SVB Financial, announced that the company will begin operating under a new name as SVB Securities LLC. The new corporate name aligns with the firm’s strategy to provide clients and investors across the innovation economy with the exceptional financial […]
The Home Depot, the world’s largest chain of home improvement stores, is hiring more than 100,000 new employees ahead of its busy spring season, as customers continue to invest in their homes. With openings at stores and warehouses nationwide and the majority of the U.S. population living within 10 miles of a Home Depot store, […]
San Mateo-native Tom Brady says he is officially retiring from the NFL’s Tampa Bay Buccaneers, ending an illustrious pro football career with seven Super Bowl wins. Brady announced his retirement on Twitter where he has 2.3 million followers after news broke last Friday that he planned to call it quits. ❤️ pic.twitter.com/B3KKl7DFk3 — Tom Brady […]
MrBeast, the top-earning You Tube star according to Forbes, is launching a new snack line. AKA Jimmy Donaldson, MrBeast’s snack line is called Feastables, a better-for-you snacking brand rooted in gamified experiences. [Photo above: Jimmy Donaldson, MrBeast, with his new line of snack bars.] Feastables’ first launch is the MrBeast Bar, a gluten-free chocolate bar […]
PALO ALTO – HP Inc. has released its latest global HP Wolf Security Threat Insights Report, providing analysis of real-world cybersecurity attacks. By isolating threats that have evaded detection tools and made it to user endpoints, HP Wolf Security has specific insight into the latest techniques being used by cybercriminals. The HP Wolf Security threat research […]
Google Cloud wants to take on Amazon and Microsoft by targeting venture-backed startups with free hosting and support. Ryan Kiskis, Director of Startup Ecosystem of Google Cloud, announced in a blog post the Google for Startups Cloud Program will cover the first year of Google Cloud usage for investor-backed startups, through series A rounds, up […]
Just one year after its enactment, California’s Proposition 22 has led to increased pay for Doordash drivers (also known as dashers) in the state. Prop 22 guaranteed dashers 120% of minimum wage in their local communities while they were delivering orders (not waiting for orders) and has boosted statewide pay for dashers to $34 an […]
NEWARK — Lucid Group, manufacturer of luxury electric vehicles (EVs), has opened a new Studio location at Fashion Island mall in Newport Beach, CA. The company has recently opened service centers in key markets including Costa Mesa, CA; Chicago, IL; and Houston, TX. This new location, the 21st in a growing network of Lucid Studios and service centers, further […]
CUPERTINO — Apple announced financial results for its fiscal 2022 first quarter ended last Christmas on December 25, 2021. The Company posted an all-time revenue record of $123.9 billion, up 11 percent year over year, and quarterly earnings per diluted share of $2.10. Apple reported $71.6 billion in revenue just from iPhone sales, up from […]
SAN FRANCISCO — Electric Sheep Robotics, a specialist in autonomous lawn mowing, has introduced the Dexter robot. Dexter takes existing commercial lawn mowers, both gas and electric, and turns them into autonomous vehicles. Dexter is designed to address critical labor shortages in the landscaping, facilities, and property management industries. The labor market in landscaping is […]