San Francisco Financial News

03.07 / 16:51

UPS Provident Microsoft Platform Software Enterprise generative AI FOMO on Generative AI Breathes Life Into Listless Tech M&A

Booming demand for generative artificial intelligence is beginning to drive startup acquisitions in that space, as large technology providers vie for a piece of a suddenly captivating market. But the upswing could also help rekindle merger-and-acquisition business across the startup universe, analysts say.

03.07 / 15:17

Provident Reuters Ford Tesla Highways Backed Kentucky mandates Tesla's charging plug for state-backed charging stations

By Hyunjoo Jin

03.07 / 13:15

UPS Lowe's Target Manufacturing Apple Sony Apple forced to scale back Vision Pro headset production plans

Hong Kong/San Francisco/Tokyo | Apple has been forced to make drastic cuts to production forecasts for the mixed-reality Vision Pro headset, unveiled last month after seven years in development and hailed as its most significant product launch since the iPhone.

03.07 / 12:38

Provident SEC Platform Sec Charges Robinhood to Pay $65 Million to Settle SEC Charges

Robinhood Financial agreed Thursday to pay $65 million to settle allegations from the Securities and Exchange Commission (SEC) that the investment platform misled customers and provided overpriced trades.

03.07 / 11:45

Provident Twitter Target Digital Platform Action Assurant Twitter's Suspension of Journalists Could Bring Musk More Legal Troubles

Politicians on both sides of the Atlantic are speaking out against Twitter and its owner Elon Musk after the embattled social media company suspended the accounts of a competitor and several journalists, many of whom have written critically of Musk.

03.07 / 10:01

Target Microsoft DOW Apple Tesla Tesla deliveries, Vision Pro production targets - what's moving markets

Investing.com — Tesla unveils bumper second-quarter vehicle deliveries following a move by the electric carmaking giant to lower prices. Meanwhile, Apple is reportedly slashing its production targets for its Vision Pro headset and a major decision in San Francisco hangs over the future of Microsoft's megamerger with Activision Blizzard.

01.07 / 23:29

Stablecoin CBDC PayPal SUI network Cross-border Six Clovers Unveils Versal Network for Cross-Border Crypto Payments in Stablecoins and CBDCs

On June 29, Six Clovers, a company founded by former PayPal business and technology leaders Jim Nguyen and Nas Kavian, introduced the Versal Network on Sui blockchain.

01.07 / 19:51

Twitter Platform Twitter users report issue with website, ‘TwitterDown’ and ‘Rate Limit Exceeded’ starts trending

Twitter users expressed frustration on Saturday as they experienced difficulties accessing the social media platform, leading to the trending hashtags «TwitterDown» and «RateLimitExceeded.» The disruption started around 8 a.m. EST on Saturday and persisted throughout the afternoon, as reported by DownDetector. By 1 p.m., there were already more than 7,000 reports of service outages related to the website.

01.07 / 07:15

UPS Williams Progressive Extreme Parke Immunic Climate change keeps making wildfires and smoke worse. Scientists call it the 'new abnormal'

Kuchlbauer in North Carolina and Ryan Bomba in Chicago. It was smoke from wildfires, the odor of an increasingly hot and occasionally on-fire world. Kuchlbauer had flashbacks to the surprise of soot coating her car three years ago when she was a recent college graduate in San Diego.

30.06 / 18:15

COST UPS IPO Lowe's CEO Prysm Capital stocks up at Pet Circle

Pet Circle has found a deep-pocketed investor to see it through a ruff time in private markets, locking in a top-up investment from a US venture capital firm and cementing its $1 billion-plus valuation.

30.06 / 13:05

UPS Waves MET Waters CEO Surf's up: Financier with famous name looks to make an offshore break

Monday, June 26, was an atypical start to the week for Lionel Conacher. The San Francisco Bay-area financier woke up early and immediately checked the ocean weather conditions, as per his normal routine, but he did not proceed to map out his day based upon when the optimal time to go surfing was.

27.06 / 00:43

Adoption NFT regulation NOT Yes, the Secret Service has an NFT collection, and no, it’s not for sale

The United States Secret Service has finally shed more light on its bizarre nonfungible token (NFT) collection sitting on OpenSea.

22.06 / 12:35

Art Adoption NFT Artists How NFTs help to empower Ukrainian artists and preserve fragile art — Q&A with CityX

The ongoing war in Ukraine has had devastating consequences, including the destruction of cultural and historical objects. As the conflict continues, it is critical to protect Ukrainian artworks and cultural heritage. By using innovative technologies such as blockchain and nonfungible tokens (NFTs), art enthusiasts can ensure the protection and longevity of Ukrainian art, allowing future generations to appreciate and learn from its profound significance.

22.06 / 02:15

Blockchain Provident Digital Ripple XRP SEC CEO Crypto firm Ripple gets in-principle payments license in Singapore

Blockchain company Ripple said Thursday it received in-principle regulatory approval to operate in Singapore, in a rare moment of good news for the cryptocurrency industry globally as it faces tightening policy back home in the United States.

21.06 / 08:01

business Technology regulation bills lawmakers National US lawmakers US lawmakers introduce National AI Commission Act

On June 20, a bipartisan group of United States lawmakers introduced a bill to establish a commission to study the country’s approach toward artificial intelligence (AI).

20.06 / 19:41

Government regulation us government Machine Learning Silicon Valley U.S. Biden to discuss dangers of AI in San Francisco meeting with experts

United States President Joe Biden will discuss artificial intelligence (AI) with a group of Silicon Valley experts on June 20 between campaign fundraising stops in California.

17.06 / 03:41

business Payments Wyre Crypto payments platform Wyre shutters citing bear market conditions

San-Francisco-based crypto payments firm Wyre is shutting down after almost 10 years in business, citing the financial challenges of the bear market, and not anything to do with any hawkish “regulatory agency direction” in the United States.

15.06 / 00:25

business Technology Adoption Machine Learning AMD AMD reveals new AI chip challenging Nvidia's dominance

Advanced Micro Devices Inc (AMD) on Tuesday, June 13, gave new details about an artificial intelligence (AI) chip that will challenge market leader Nvidia Corp.

01.06 / 18:29

Blockchain Provident Target Bitfinex Kraken Tribe Capital Launches $100 Million Crypto Fund Targeting Layer 1, 2, and DeFi Projects – Bull Market Back?

Venture capital firm, Tribe Capital, has launched a new crypto fund to raise $100 million.

31.05 / 15:19

business Blockchain wallet Web3 developer Magic raises $52M in funding led by PayPal Ventures

On May 31, San Francisco-based wallet-as-a-service (WaaS) provider Magic announced that it had successfully raised $52 million in a strategic funding round led by PayPal Ventures. The funding round also saw participation from venture firms Cherubic, Synchrony, KX, Northzone, and Volt Capital, bringing Magic's total funds raised to over $80 million.

22.05 / 22:09

UPS Lowe's JPMorgan Jamie Dimon warns souring commercial real estate loans could threaten some banks

Deposit runs have led to the collapse of three U.S. banks this year, but another concern is building on the horizon.

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