San Francisco Financial News

By Blake Brittain

Outside Lands 2023 festival is being held at Golden Gate Park from August 11 to 13. If attending the San Francisco event isn't feasible, fear not, for Amazon Music will exclusively broadcast live performances throughout the entire weekend. Experience a mesmerizing array of performances by tuning in to the Amazon Music channel on both Twitch and Prime Video. This streaming spectacle, sponsored by Liquid I.V., Levi’s, and State Farm, is set to showcase sizzling performances by some of the most sought-after artists, catering to global audiences.

By Jonathan Stempel

By Deep Kaushik Vakil

California regulators approve expansion of robotaxi services in San Francisco despite safety concerns

San Francisco 49ers chief executive Jed York is being sued over accusations of insider trading related to his role on the board of an online educational company

Federal investigators say that miscommunication between pilots led to a United Airlines plane diving within 748 feet of the ocean’s surface shortly after takeoff from Hawaii in December

By Tom Westbrook

Gold prices hovered near one-month lows on Friday as markets assessed the cooler-than-expected U.S. inflation data, with bullion still set to wrap up its worst week in seven as the U.S. dollar and bond yields stood strong.FUNDAMENTALS * Spot gold edged 0.2% higher to $1,914.87 per ounce by 0136 GMT, but still traded near its lowest levels since July 7 seen earlier in the day.

robotaxi services to operate throughout San Francisco at all hours, despite safety worries spurred by recurring problems with unexpected stops and other erratic behavior that resulted in unmanned vehicles blocking traffic, including emergency vehicles. The state's Public Utilities Commission voted to approve rival services from Cruise and Waymo to operate around-the-clock service.

Wall Street's main indexes finished flat on Thursday, giving up most early gains on milder-than-feared inflation data as investors worried about the U.S. economy's longer-term prospects and whether stocks had further room to run. Data showed headline and core consumer prices both climbed by 0.2% in July, with the headline number notching annual rise of 3.2% and the core up 4.7%.

By Greg Bensinger

Americans are paying more to rent or insure their homes than a few years ago and much more to buy one with a mortgage, but there’s a silver lining in that hardship: A cool-down could help convince the Federal Reserve to pause its series of interest rate hikes. Thursday’s report from the Labor Department on inflation showed that more than 90% of the increase in prices in July came from shelter. Other big contributors were things like motor vehicle insurance.

Elon Musk is auctioning signs and other items from the company, according to a report by BBC.com. “Among the 584 lots on offer are coffee tables, outsized bird cages, and oil paintings of images that went viral," said the report. Tens of desks and chairs, a DJ booth, and musical instruments, are also listed for auction, said the report.

A New York judge has dismissed lawsuits filed by Airbnb and three hosts over New York City’s rules for short-term rentals, saying the restrictions are “entirely rational.”

The Weight and The Night They Drove Old Dixie Down, has died at the age of 80, his manager said on Wednesday.Robertson, who left his Toronto home at age 16 to pursue his rock’n’roll dreams, died Wednesday in Los Angeles after a long illness, Robertson’s manager of 34 years, Jared Levine, said in a statement.“Robbie was surrounded by his family at the time of his death,” the statement added.The Band included four Canadians – Robertson, Rick Danko, Garth Hudson and Richard Manuel – and was anchored by an Arkansas drummer, Levon Helm. Originally dubbed The Hawks as the backing band for rockabilly wild man Ronnie Hawkins, they gained attention supporting Bob Dylan on his Going Electric tours of 1965-1966.After changing their name to The Band and rebasing in Woodstock, New York, they became one of the most respected groups in rock.

By David Shepardson

Dianne Feinstein, was hospitalized on Tuesday evening after experiencing a fall at her residence, according to a spokesperson. In a statement, the spokesperson said, “Senator Feinstein briefly went to the hospital yesterday afternoon as a precaution after a minor fall in her home. All of her scans were clear and she returned home.” The initial report came from TMZ, with Feinstein's spokesperson, Adam Russell, later informing the San Francisco Chronicle that her hospital stay was «an hour or two.» Feinstein, the oldest currently serving US senator, plans to retire at the end of her upcoming term. The race for her successor is intensifying, with former House intelligence chair Adam Schiff competing against representatives Katie Porter and Barbara Lee. Growing concerns over Feinstein's health have prompted suggestions for her to step down earlier. She was previously absent from Congress for nearly three months this year due to shingles. Since her return, she has occasionally exhibited signs of frailty and confusion. Feinstein was slated to attend a city cable car celebration on August 2 but missed it due to a developing cough, as reported by the Chronicle. The first female mayor of San Francisco, Feinstein was elected to the US Senate in 1992 and led Democrats on the judiciary committee from 2017 to 2021. Similar issues concerning age and health have arisen for other prominent US politicians. Senate Republican leader Mitch McConnell, aged 81, has experienced several falls, and concerns have been raised about his fitness for office.

Supreme Court on Wednesday dealt a setback to Epic Games, maker of the popular video game «Fortnite,» in its legal battle against Apple, declining to let a federal judge's injunction take effect that could force the iPhone maker to change payment practices in its lucrative App Store. Liberal Justice Elena Kagan, acting for the Supreme Court, denied Epic's request to lift a decision by the San Francisco-based 9th US Circuit Court of Appeals that effectively delayed implementing an injunction issued by US District Judge Yvonne Gonzalez Rogers barring certain App Store rules, while Apple pursues a Supreme Court appeal.

By Moira Warburton

A New York judge has dismissed lawsuits filed by Airbnb and three hosts over New York City’s rules for short-term rentals, saying the restrictions are “entirely rational.”