City San Francisco Financial News

By Hyunjoo Jin and David Shepardson

San Francisco, known on social media as «Coach Erika,» recently shared a harrowing experience she had with an Airbnb guest, which left her home in ruins, costing her over $300,000 in damages and leaving her homeless. Her story serves as a cautionary tale about the potential pitfalls of being an Airbnb host.

The United States Securities and Exchange Commission (SEC) has secured a default judgment against Thor Technologies and its Chief Executive David Chin. 

Chinese Consulate in San Francisco last week is said to be armed with a knife and had a loaded crossbow in his car. Zhanyuan Yang, the driver in a blue sedan was then fatally shot by police on October 9.

San Francisco business leaders launched a new $4 million marketing campaign ahead of a global economic summit expected to bring tens of thousands of visitors to the embattled city

Citizens Financial Group Inc. rolled out a private bank as it seeks to capture wealthy clients of regional lenders that were felled by the turmoil earlier this year.

Bad Bunny, the Puerto Rican artist, has revealed his tour schedule for the upcoming year in support of his latest album, "Nadie Sabe Lo Que Va a Pasar Mañana," featuring 22 songs.

autonomous vehicle company Waymo has laid off more employees, for the third time this year. The fresh layoffs are part of an internal reorganisation process, a company spokesperson told The San Francisco Standard, without revealing the exact number of affected employees.

Sean Taylor, incoming CIO of Matthews

San Francisco on Monday, the consulate said. The incident posed «serious threat» to life and safety of staff, and damaged facilities and property, the consulate said in a statement. «We condemn this violent attack and reserves the right to pursue responsibility for the incident,» it said, adding it has lodged solemn representations to the U.S.

US President Joe Biden indicated the possibility of holding a meeting with Chinese President Xi Jinping during the upcoming Asia-Pacific Economic Cooperation summit in San Francisco next month, AP reported. “There has been no such meeting set up, but it is a possibility," Biden told reporters when asked about the prospects of a face-to-face meeting with the Chinese leader. Biden and Xi have not engaged in any discussions since their last meeting in November, which took place on the sidelines of the Group of 20 summit in Bali, Indonesia.

The Securities and Exchange Commission says it is seeking a court order that would compel Elon Musk to testify as part of an investigation into his purchase of Twitter, now called X

₹42,999 for one-way and ₹52,999 for return. Apart from this, Air India said that all-premium economy fares start from ₹79,999 for one way and ₹1,09,999 for return. It added that currently, Air India’s premium economy class is available to guests traveling on select routes: Bengaluru-San Francisco, Mumbai-San Francisco, and Mumbai-New York.

California Women's Parole Board. Feinstein, however, didn't hold public office until he was 35 years old and was elected to the San Francisco Board of Supervisors. Feinstein unsuccessfully campaigned for mayor twice in the 1970s while serving as the first female president of the Board of Supervisors.

Air India flight from the national capital to San Francisco earlier this month suffered burns after a cabin crew member accidentally spilled coffee on her, and the airline has apologised for the incident. The passenger took to social media to narrate her experience, saying «Air India delivered distressing experience that took a harrowing turn when flight attendant spilled hot water on my leg». «I was travelling from New Delhi to SFO on Flight AI 173 with my 4-yr-old son and 83-yr-old mother-in-law.

Target said it's closing nine stores in four states, including one in East Harlem, New York and three in San Francisco, saying that theft and organized retail crime have threatened the safety of its workers and customers

Apoorva Mehta, more than a decade ago, is now a publicly traded company on the US stock exchange Nasdaq.Instacart, the San-Francisco-based startup, listed its shares on the Nasdaq on Tuesday at $30 a piece, aiming to raise $660 million at a valuation close to $10 billion. Although its market value at public listing was only a fraction of its 2021-valuation of $39 billion, the IPO coincides with a resurgence of optimism from tech companies towards the public market.

San Francisco 49ers made headlines on Friday with the announcement of multi-year contract extensions for their head coach, Kyle Shanahan, and general manager, John Lynch. This significant move secures the leadership duo for the long term and signals the team's commitment to building on their recent success.

New York Giants' running back Saquon Barkley has officially confirmed that he is dealing with a high ankle sprain. The injury occurred during the team's victory over the Arizona Cardinals last Sunday and was initially thought to be a regular sprain.

National Investigation Agency on Thursday released pictures of 10 accused and sought information about them from the public. Once the perpetrators are identified, look out notices will be issued against them, said officials. According to the NIA, the case was registered after an attack on the Indian consulate in the US city during the intervening night of March 18-19 when some pro-Khalistan entities allegedly trespassed into the consulate and tried to burn it down. The same day, Khalistani supporters, raising slogans, had broken through the makeshift security barriers raised by the San Francisco Police and put up two so-called Khalistani flags on the consulate premises, damaged the building and assaulted and injured the officials, said an NIA in a statement. On the July 1-2 night, some accused persons trespassed into the consulate and attempted to set it on fire while officials were inside the building, it said. The NIA initiated a probe into the matter after registering a case on June 16 under various sections of the Indian Penal Code, Unlawful Activities (Prevention) Act and the Prevention of Damage to Public Property Act.

Atlys on Wednesday said it has raised $12 million in a Series A funding round led by Elevation Capital and Peak XV Partners, formerly Sequoia Capital India. The round also saw participation from existing investors Andreessen Horowitz (a16z), musical duo Chainsmokers, South Park Commons, Pinterest Founders, among other investors, as per a statement.