City San Francisco Financial News

The U.S. Securities and Exchange Commission (SEC) has added Kraken – a San-Francisco-based crypto exchange – to its hitlist of industry giants charged with a litany of securities law violations and internal control failures.

It looks like the U.S. canned seafood industry is moving well beyond tuna sandwiches thanks to a culinary trends that emerged from the coronavirus pandemic

Xi Jinping in his younger days, standing with the Golden Gate Bridge in the background. The image was reportedly captured during Jinping's first visit to the US in 1985.

Sam Altman's. The co-founder of OpenAI, which caused a sensation just a year ago with the introduction of ChatGPT, Altman has presented himself as the benevolent wizard behind the curtain of a technology that many say could upend entire industries and even mankind itself.

Xi Jinping rarely bothers to glad-hand or to try charming a crowd. His public appearances in China are carefully crafted, with fawning cadres and adoring fans positioned around him. So, when Xi landed in San Francisco this week to meet with President Joe Biden, to try to stabilize a relationship with the United States that has been spiraling downward, it provided a rare opportunity to see the Chinese leader up close and, at times, less filtered than usual. There were a few moments when Xi turned animated — or the closest he gets to it — like when a group of Iowans he had met in the 1980s came through the receiving line at a gala dinner in San Francisco on Wednesday night.

President Joe Biden and other global leaders have spent the past few days melding minds with Silicon Valley titans in San Francisco

Stephens Inc. Executive Vice President Mary Kissel discusses how Biden can take advantage of China's troubled economy on 'Making Money.'

Biden and Xi Jinping had more in common with a counseling session for a couple contemplating divorce. The premise: Let’s try to keep things civil for the kids. All week, fear of a new Cold War has loomed over San Francisco, where Asia-Pacific leaders are gathered. After four hours of talks on Wednesday, the US and Chinese presidents offered a glimpse of just how hard it’s going to be to manage their relationship away from that course. The meeting at the Filoli Estate, 30 miles south of San Francisco, was months in the planning. But when the stakes are high, and the differences fundamental, even the most arduous diplomatic groundwork can sometimes only yield small victories. The US and China have agreed to collaborate on climate and artificial intelligence, and resume military-to-military contacts. More American students will be welcomed in China, Chinese pandas may return to American zoos, and Xi vowed to crack down on fentanyl shipments. Bigger and more divisive issues like trade, tariffs leftover from the Trump years and competition over technology were set aside for now. Also largely unanswered after Wednesday’s talks was the question of what comes next. There are plans for working groups that will see middle-ranking officials meet occasionally, but no future high-level interactions were announced aside from a planned China trip by Treasury Secretary Janet Yellen, although the two leaders pledged to speak directly if tensions flared. And 2024, which starts with a presidential election in Taiwan and ends with another one in the US, is shaping up to be a crucial year for the world’s most important relationship.

SAN FRANCISCO (Reuters) -General Motors' self-driving technology unit, Cruise, has canceled its program that allows employees to cash out shares in the firm in the fourth quarter, Cruise CEO Kyle Vogt said in an email to employees on Thursday.

By Daniel Trotta

SAN FRANCISCO (Reuters) — The U.S. central bank must steer between the risk of doing too little and taking the fight against inflation too far, Federal Reserve Governor Lisa Cook said on Thursday, a task made particularly delicate because other global central banks have also tightened monetary policy quickly over the past couple of years.

Mint explains what happened, and what it means for US-China relations and for India. The two leaders met on the sidelines of the Asia Pacific Economic Cooperation (APEC) summit in San Francisco. They last met during the G20 Summit in Bali in 2022, when they expressed a desire to contain tensions between their countries.

By Michael Martina

By David Lawder

Experts on China-U.S. relations say the agreements between Biden and Xi will have a significance in the future of the two countries’ relationship

By Max A. Cherney and Loren Elliot

By Trevor Hunnicutt

SAN FRANCISCO : US President Joe Biden and Chinese President Xi Jinping will meet on Wednesday before a summit of the Asia Pacific Economic Cooperation (APEC) forum in San Francisco, seeking to reduce friction in what many see as the world's most dangerous rivalry. The leaders of the world's two largest economies have known each other for over a decade and have shared hours of conversation in six interactions since Biden's January 2021 inauguration.

Taiwan will take part in the Asia-Pacific Economic Cooperation forum in San Francisco this week, a rare opportunity for the self-governing island democracy of 23 million people and its high-tech economy to break the diplomatic embargo on it imposed by ...

Presidents Joe Biden and Xi Jinping are heading into their meeting at a country estate in California hoping to stabilize U.S.-China relations after a period of tumult

White House and the Chinese government. Biden arrived at San Francisco International Airport on Tuesday afternoon and Xi landed shortly after. The Chinese president was welcomed on the tarmac by Treasury Secretary Janet Yellen, California Gov.