San Francisco Financial News

Top US companies have focused their firepower for much of the past two years on opposing a US Securities and Exchange Commission plan that would require them to disclose greenhouse gases and climate-related financial risks. In doing so, they’ve overlooked a California bill passed Tuesday that’s poised to have an even bigger impact.

artificial intelligence) may be the buzzword in marketing right now, but CXOs seem more concerned with rethinking their marketing strategy to be able to measure the direct impact of ad spends and finding the right talent, Stephan Zimmermann, senior partner at McKinsey & Company, said. Based in San Francisco, Zimmermann heads the consulting major's digital marketing and data analytics team of 1,400, half of whom are stationed in India. During his recent visit to India, Zimmermann had some 15-odd client meetings, but «nobody mentioned or discussed an AI tool saying they strongly believed in it or asked what I thought of it», he told ET in an exclusive chat. People are readily using generative AI to optimise marketing, automate repetitive tasks, and accelerate A/B testing. However, «none of the tools have yet transformed company performance», he said.

A judge ordered a high-stakes family feud over the finances of US Senator Dianne Feinstein, the powerful 90-year-old California Democrat, to be moved out of court for private negotiations.

Logistics startup Flexport on Tuesday unveiled services to make it easier for small businesses to import, store and restock goods they sell on ecommerce marketplaces as its returned CEO races to regain profitability amid a broad freight downturn. Companies ranging from Shopify to Walmart have launched their own ecommerce platforms to compete with industry leader Amazon.com. Sellers who use those marketplaces get access to more customers, but often are saddled with more work since each platform has its own set of rules.

By Lisa Baertlein

By Arriana McLymore

Most fast food workers in California would get a raise next year under a new bill in the state Legislature

The collapse of crypto custodian Prime Trust in recent months has underscored the inherent risks of self-custody within the cryptocurrency industry, according to Diogo Monica, CEO of San Francisco-based crypto bank Anchorage Digital.

(Reuters) — Instacart is aiming for a valuation of up to $7.73 billion in its initial public offering in New York, the grocery delivery service said on Monday, in another step toward a hotly-anticipated listing.

Instacart is looking to raise up to $616 million along with selling stockholders in its initial public offering, a regulatory filing showed on Monday. The San Francisco-based company and its selling shareholders are offering 22 million shares priced between $26 and $28 apiece.

San Francisco (SFO)-bound Air India flight from Bengaluru, with more than 280 people onboard, was diverted to a city in Alaska due to a technical issue, according to an airline official. After fixing the issue, flight AI 175 took off and landed at San Francisco at around 1000 hours India time on Monday, the official said. The flight, operated by a B777 aircraft, faced a technical issue enroute to San Francisco.

A federal judge has ruled that a young hacker must forfeit approximately $5.2 million worth of Bitcoin (BTC) and a sports car to the US government. 

NFL teams had made inquiries about a potential Nick Bosa trade. Fox News, in a report, revealed that multiple teams reached out to the 49ers in an attempt to acquire Bosa but were met with a resounding rejection.

While the debut of Worldcoin drew attention to artificial intelligence-powered tokens(AI-tokens), recent trading data from Kaiko indicates that these AI tokens have shown resilience despite the controversy surrounding Worldcoin's launch.

Bold plans for a nonfungible token (NFT)-based restaurant and private members lounge in San Francisco have ended abruptly after the company behind the project halted construction due to challenging macroeconomic factors.

By Jonathan Stempel

Meta Platforms must face a lawsuit claiming that it violated the medical privacy of patients who were treated by hospitals and other healthcare providers that used its Meta Pixel tracking tool. US District Judge William Orrick in San Francisco said the plaintiffs could pursue claims that Meta violated a federal wiretap law and a California privacy law, and violated its own contractual promises governing user privacy on Facebook.

Nancy Pelosi said Friday she will run for reelection to another term in Congress as Democrats work to win back the majority in 2024. Pelosi, 83, made the announcement before labor allies in the San Francisco area district she has represented for more than 35 years. «Now more than ever our City needs us to advance San Francisco values and further our recovery,» Pelosi said in a tweet. «Our country needs America to show the world that our flag is still there, with liberty and justice for ALL.

Thousands Cash App and Square customers were unable to access their accounts or send money Thursday and early Friday due to system outages impacting both payment services

By Dawn Chmielewski and Akash Sriram

Elon Musk. One headline reads: “Did Gaia punish Burning Man for ignoring climate protests?" If that was how our planet worked, then the poorest and least polluting nations would not have to bear the brunt of the climate crisis. But the author can be forgiven for the sentiment, as the festival is a big polluter.