News about Silicon Valley business almost everyday.
Apple said it is working with eight states across the country to roll out the ability for residents to add their driver’s license or state ID to Wallet on their iPhone and Apple Watch. Arizona and Georgia will be the first states to introduce this new innovation to their residents, with Connecticut, Iowa, Kentucky, Maryland, […]
SAN FRANCISCO — Affirm, which lets customers buy now and pay later at various retailers, announced its flexible payment solution will soon be available to Amazon.com customers at checkout. News of the deal was announced after the market closed on Friday and sent shares of Affirm soaring 35% in after-hours trading. Amazon and Affirm are […]
With a rise in the Delta variant of COVID-19 spreading across the country, at-home tests for coronavirus are soaring according to app measurement firm Sensor Tower. Sensor Tower data reveals that installs for the apps associated with the two most widely available over-the-counter testing kits with mobile apps, BinaxNOW and Ellume, collectively surged 107 percent […]
SAN FRANCISCO – Manish Lachwani, co-founder and former CEO of Palo Alto-based technology company Headspin, was arrested this week on charges of securities fraud and wire fraud perpetrated to raise money from investors. The announcement was made by Acting United States Attorney Stephanie M. Hinds and Federal Bureau of Investigation Special Agent in Charge Craig […]
Automaker Toyota announced it has sold the 50-millionth Corolla this past July, a milestone not just in Toyota history, but automotive history, as well. Now in its 12th generation and over 55 years in production, Corolla remains one of the world’s top-selling vehicles. Toyota introduced the Corolla in 1966, and it arrived in the U.S. […]
SAN FRANCISCO – VMG Partners, a private equity firm specializing in building iconic consumer brands, has hired Brianna Rizzo as the company’s newest Talent Partner. Among her many responsibilities, Rizzo will lead the Talent strategy for VMG Catalyst, a fund that launched in 2019 and seeks to invest in tech businesses, including digital consumer products, services, experiences and […]
SAN JOSE — Urban Catalyst, Silicon Valley’s premier Opportunity Zone Fund, announced that the San Jose City Council gave the go-ahead Tuesday to build an extended-stay Marriott in San Jose’s Downtown West, just a short walk from Google’s planned mega-campus. The council’s blessing gives Urban Catalyst the green light to move forward with its Keystone […]
The Apple Card, the credit card launched by Apple in 2019 and issued by Goldman Sachs, ranked highest among the Midsize Credit Card segment in the J.D. Power 2021 U.S. Credit Card Satisfaction Study and received a chart-topping score of 864. Apple Card and issuer Goldman Sachs also ranked highest in the Midsize Credit Card […]
SAN JOSE — Adobe announced it will acquire Frame.io, a NY cloud-based video collaboration platform for $1.275 billion. With over a million users across media and entertainment companies, agencies, and global brands, Frame.io streamlines the video production process by enabling video editors and key project stakeholders to seamlessly collaborate using cloud-first workflows. The combination of […]
Perrone Robotics, Inc., a Virginia-based provider of fully autonomous vehicle technology and turnkey vehicle solutions for the mobility of people and things, and Tropos Motors, a Silicon Valley based cleantech compact electric vehicle manufacturer and supplier, have formed a partnership to produce a series of fully autonomous, electric low speed vehicles (e-LSVs) and trucks. (Photo […]