San Francisco Financial News

Instacart on Friday said its core business turned profitable after making public its filing for a long-awaited stock market launch, while also disclosing an investment from PepsiCo Inc. San Francisco-based Instacart, which filed confidentially for its initial public offering (IPO) in May 2022, said in the filing to the U.S. Securities and Exchange Commission that PepsiCo had agreed to buy $175 million in preferred convertible stock. Norges Bank Investment Management, a division of Norges Bank, and entities affiliated with venture capital firms TCV, Sequoia Capital, D1 Capital Partners and Valiant Capital Management have agreed to participate in the IPO as cornerstone investors, Instacart said. For the six months ended June 30, Instacart's revenue came in at $1.48 billion, up 31% from the same period last year.

Grocery delivery company Instacart is going public

DoorDash will pay $1.6 million to its workers after a city of Seattle investigation found the company failed to implement the city’s required sick and safe time policy

Taiwan’s vice president and front-runner in upcoming presidential elections has accused China of employing unfair trade practices that could be used to influence the voting

Donald Trump returned to the social media site X, formerly known as Twitter, with a post on Thursday showing his mug shot from his booking at Fulton County Jail in Georgia earlier in the day. With his post, an appeal for donations, Trump reclaimed direct access to the public on the platform that banned him following the Jan. 6, 2021, attack on Congress by his supporters. On Nov.

Fox News Contributor Jonas Max Ferris and Quill Intelligence CEO Danielle DiMartino discuss the population exodus from Democrat states to GOP states over taxes, cost of living and crime on 'Cavuto Live'.

A California judge is rejecting an environmental group’s lawsuit that sought to block the state's largest utility from seeking to extend the operating life of the Diablo Canyon Nuclear Power Plant

Computer chip maker Nvidia has rocketed into the constellation of Big Tech’s brightest stars while riding the artificial intelligence craze that’s fueling red-hot demand for its technology

Uber has raised the minimum age requirement for most new drivers in California to 25

The numbers tell the story. Just before the pandemic, India was spending a paltry 1.2 trillion rupees ($15 billion) on research and development. Since at least 1995, R&D expenditure has remained stuck at around 0.7% of gross domestic product, with less than two-fifths of it coming from the private sector.

Computer chip maker Nvidia has rocketed into the constellation of Big Tech’s brightest stars while riding the artificial intelligence craze that’s fueling red-hot demand for its technology

When Herman Melville wrote Moby Dick, he had never actually visited the quaint Massachusetts isle of Nantucket. His multivolume novel spanned an epic battle — and now another, maybe less epic battle is being waged on the island dubbed “the most expensive in the world.” This time, the protagonists are all actual real residents, or at least part-time residents.

San Francisco-based crypto-native fund Momentum Capital has secured an investment of $10 million from Canada's BM Fund. 

Co-founder and managing partner at Blockchain Capital, Bart Stephens, has taken legal action against an unidentified hacker who allegedly stole $6.3 million worth of cryptocurrencies from his digital wallets, Forbes reported. 

(Reuters) — The Roman Catholic Archdiocese of San Francisco filed for bankruptcy on Monday, saying a Chapter 11 filing will facilitate a settlement of about 500 lawsuits accusing the church of enabling childhood sex abuse.

By David Shepardson

FIFA World Cup events, the stage is set for an exciting future of international tournaments. Let's delve into what lies ahead in the realm of World Cup hosting. The year 2026 is poised to witness the FIFA World Cup make its way to North America.

General Motors’ Cruise autonomous vehicle unit has agreed to cut its fleet of San Francisco robotaxis in half as authorities investigate two recent crashes in the city

San Francisco has launched an autonomous shuttle service less than a week after regulators approved the expansion of robotaxis despite traffic and safety concerns

Taiwan's foreign minister accused China on Saturday of trying to «shape» Taiwan's upcoming election, after Chinese military exercises were launched around the island. «The PRC has made it clear it wants to shape Taiwan's coming national election,» said foreign minister Joseph Wu on the ministry's official X account.

warplane incursions into its air defence zone since China announced the launch of military drills. «Since 0900 (UTC+8) today (Aug. 19), the R.O.C.