San Francisco Financial News

San Francisco’s beleaguered office market, the hardest hit of any in the U.S. since 2020, is beginning to display flickers of life. Technology companies’ rapid adaptation of remote work, along with an increase in crime and other quality-of-life concerns, hollowed out San Francisco’s business district.

Anthony Scaramucci's SkyBridge Capital and Atlas Merchant Capital are competing for SVB Capital, the venture capital and credit-investment arm of SVB Financial Group, the former parent company of Silicon Valley Bank. 

SVB Financial Group, the former parent company of Silicon Valley Bank is getting closer to a deal that will see the institution sell its venture capital arm SVB Capital.

The United States House Financial Services Committee is going forward with the legislative measures aimed at controlling the issuance of a digital dollar.

raising interest rates to slow the economy, policymakers hoped for an even rosier outcome. They wanted to achieve a “soft landing", which involves both bringing down inflation, and doing so without mass job losses. It is a lot to ask of a tool as blunt as monetary policy.

San Francisco 49ers defensive end Nick Bosa has just inked a historic contract extension, solidifying his status as one of the NFL's top talents and the highest-paid defensive player in league history, ESPN's Adam Schefter and NFL Network insider Ian Rapoport reported, citing sources familiar with the deal. The staggering five-year contract is worth a whopping $170 million, with a jaw-dropping $122.5 million guaranteed.

The United States House Financial Services Committee is moving forward with legislation aimed at preventing the issuance of a central bank digital currency. 

California will spend $267 million to combat smash-and-grab robberies that have plagued businesses and luxury stores in the state

Artificial Intelligence is transforming Slack, the widely used workplace messaging platform, its CEO said just nine months after taking on one of the most high-profile jobs in Silicon Valley. Lidiane Jones was handed the reins to Slack after the departure of its cofounder and CEO Stewart Butterfield who exited two years after his company's acquisition by Salesforce, the San Francisco-based enterprise software giant.

(Reuters) -The state of California has sued major oil companies including Exxon Mobil Corp (NYSE:XOM), Shell PLC (LON:SHEL), and Chevron Corp (NYSE:CVX), accusing them of playing down the risks posed by fossil fuels, according to a court filing on Friday.

Pokemon Go maker Niantic aims to increase the number of monthly active users for the game in India by tenfold in the next three to five years, a top executive said. “That's going to take a significant investment, but it’s one that we're committed to," Omar Tellez, vice president for emerging markets at the company, told ET, highlighting the importance of the India market.

Cultos Global, with offices in Dubai, has raised an undisclosed amount in its current investment round.Sameer Mehta, founder and CEO of Boat; Tarun Katial, founder and CEO of Coto; Ashwath Bhat, finance head at Fractal Analytics; and Vijay Ratnaparkhe, head of Bosch Southeast Asia, participated in the investment round.

United Airlines flight en route from Newark to Rome experienced a sudden descent of 28,000 feet in just 10 minutes due to a cabin pressure issue. The Boeing 777 plane, Flight 510, was carrying 270 passengers and 14 crew members when the incident occurred.

Fortress Trust's recent disclosure of a cryptocurrency theft totaling nearly $15 million has shed light on a complex situation involving a third-party vendor and a phishing attack.

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Environmental groups are calling on federal regulators to immediately shut down one of two reactors at California’s last nuclear power plant

Apple conducted its annual Fall event, when they unveiled their latest generation of iPhones, dubbed the iPhone 15 series. The iPhone 15, iPhone 15 Plus, iPhone 15 Pro, and iPhone 15 Pro Max are all part of this series.

SoftBank Group CEO Masayoshi Son was in San Francisco on Wednesday when he joined a call with his bankers in New York to make a final decision about his company's most valuable asset: chip designer Arm Holdings. Arm's blockbuster initial public offering (IPO) was oversubscribed by 12 times, and could have been priced at $52 per share, above the indicated range of $47 to $51, people familiar with the matter said. But the bankers, who had huddled at the offices of SoftBank's financial advisor Raine Group, argued it was better to leave the additional $1 per share — equivalent to about $1 billion in value — on the table. They said doing so could yield a bigger pop when the stock debuts on Nasdaq on Thursday, projecting it could trade between $57 and $62 based on feedback from investors. Son accepted the banks' recommendation, valuing Arm at $54.5 billion on a fully diluted basis. The behind-the-scenes details on the IPO pricing decision are based on interviews with three people familiar with the discussions.

ET Startup Awards (ETSA) have stood out amid a crowded ecosystem and have gone on to become successful businesses. We look at a few of them from previous editions of the awards.Atomberg Technologies – Best on Campus (2019)

By Matt Tracy

Meta Platforms in San Francisco federal court on Tuesday, accusing the tech giant of misusing their works to train its Llama artificial-intelligence software. Chabon, Tony-winning playwright David Henry Hwang and authors Matthew Klam, Rachel Louise Snyder and Ayelet Waldman in a lawsuit said Meta taught the Llama large-language model to respond to human text prompts with datasets that included pirated versions of their writings.