State California Financial News

25.01 / 19:55

Citi Waves BAY reports travelers Department International In-N-Out to close first location in its 75-year history due to a wave of car break-ins and robberies

In-N-Out Burger will close its first location in its 75-year history due to a wave of car break-ins and robberies at its only restaurant in Oakland, California

25.01 / 19:55

UPS EBAY economy reports Department Videos US applications for jobless benefits rise, but layoffs remain at historically low levels

More Americans filed jobless benefits last week but layoffs remain at historically low levels despite elevated interest rates and a flurry of job cuts in the media and technology sectors

25.01 / 19:13

markets UPS IPO economy CG Oncology valued at $1.75 billion in strong market debut

(Reuters) -Cancer drug developer CG Oncology notched up a valuation of $1.75 billion in its market debut on Thursday, after its shares jumped 52.6% at the open, as demand for new listings pick up after a two-year dry spell.

25.01 / 17:37

markets COST Food country Department guidelines India begins commercial export of pomegranates to the USA

India has begun commercial export of pomegranates to the USA after it lifted the export ban in 2022. The government expects this move to open a big market for the Indian pomegranates, a fruit which is being increasing preferred by consumers across the world for its health benefits.

25.01 / 11:53

Allworth adds two firms with combined $621M in AUM

Allworth Financial has added two advisory firms, one in California and the other with offices in Illinois and Florida, that have a combined $621 million in assets under management, the RIA announced Wednesday.

25.01 / 00:41

markets UPS Strategy Sustainability trends performer reports Intel Earnings Preview: Big Bet on New Factories, AI Chip Enough to Sustain Rally?

Despite facing tough competition from Advanced Micro Devices (NASDAQ:AMD) and Nvidia (NASDAQ:NVDA), Intel's (NASDAQ:INTC) stock has gained over 60% in the past 12 months.

25.01 / 00:41

UPS Reuters CEO Software Bill Features ServiceNow raises annual subscription revenue forecast on GenAI product demand

(Reuters) -ServiceNow raised its forecast on annual subscription revenue on Wednesday, as the software firm expects to attract new clients for its generative artificial intelligence (AI) products.

24.01 / 23:26

COST EBAY Google Platform TikTok Videos A look at some of the companies in the technology sector that have recently made layoffs

Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce

24.01 / 23:25

COST EBAY Google economy Videos Slash Online retailer eBay is cutting 1,000 jobs; latest tech company to slash jobs

Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce

24.01 / 16:42

COST UPS Fox CEO Entertainment Parke Knott's Berry Farm, 100-year-old jam and cookie brand, is discontinued in stores

J.M. Smucker CEO Mark Smucker tells ‘The Claman Countdown’ that they are passing on the cost savings to their customers.

24.01 / 11:55

markets Strategy community President acquires MAI acquires $549M ‘household name’ RIA on the West Coast

MAI Capital Management has added another RIA firm to its growing network after announcing its third acquisition so far in 2024.

24.01 / 07:05

UPS Netflix Research wellness film show Videos Netflix reports best-ever holiday season results with 13M new subscribers

Netflix registered its third-consecutive quarter of accelerating subscriber growth in the final three months of 2023, closing out a comeback year that included a crackdown on viewers freeloading on the video-streaming service and a smattering of price hikes.

24.01 / 05:13

markets Analysis economy wellness pandemic track reports California job growth falls by most in the nation post-pandemic: report

OLeary Ventures chairman Kevin OLeary joins ‘The Big Money Show’ to discuss the ongoing push for electric vehicles and California’s decision to raise the minimum wage.

24.01 / 04:45

Provident BAY Death Bill shootings Courts Interviews Grand jury indicts farmworker charged in Northern California mass shootings

A farmworker charged with killing seven people last year in back-to-back shootings at two Northern California mushroom farms was indicted by a grand jury in an effort by prosecutors to move the case along

24.01 / 04:45

UPS Netflix Research wellness film show Videos Netflix's gains 13M new global 4Q subscribers as it unwraps its best-ever holiday season results

Netflix has registered its third-consecutive quarter of accelerating subscriber growth in the final three months of 2023

24.01 / 04:45

UPS Southern track 2020 Department Traffic Las Vegas-to-California high-speed electric rail project gets OK for $2.5B more in bonds

A proposed high-speed passenger train between Las Vegas and Southern California has gotten another boost

23.01 / 22:55

markets wellness Trade patient prevention Courts Pharmaceuticals Martin Shkreli's lifetime drug industry ban upheld

By Jonathan Stempel

23.01 / 18:01

Digital security Research Simulation reports International North Korea's AI development raises sanctions concerns, report says

North Korea is developing artificial intelligence (AI) and machine learning for everything from how to respond to COVID-19 and safeguard nuclear reactors to wargaming simulations and government surveillance, according to a new study. International sanctions imposed over its nuclear weapons program may have hindered North Korea's attempts to secure AI hardware, but it appears to be pursuing the latest technology, wrote study author Hyuk Kim of the James Martin Center for Nonproliferation Studies (CNS) in California.

23.01 / 17:56

Google CEO Sustainability Hasbro pandemic President hospital Tencent's 'League of Legends' developer Riot Games announces layoffs of 530 staff

Riot Games, the developer of the popular “League of Legends” multiplayer battle game is joining other tech companies that have been cutting back with a layoff of 11% of its staff

23.01 / 17:26

UPS Research Universities country electronic Department 22 Indian-origin scientists to take up collaborative research with institutes in country

Science and Technology Minister Jitendra Singh made the announcement here in the presence of NITI Aayog member V K Saraswat, Principal Scientific Advisor A K Sood and Department of Science and Technology (DST) Secretary Abhay Karandikar. The VAIBHAV or Vaishvik Bhartiya Vaigyanik fellows are from the topmost institutes of Australia, Canada, Finland, Japan, Singapore, Sweden, Switzerland, the UK and the US, and will work with Indian institutes such as IISc, IUCAA and the IITs for the next three years on jointly identified projects.

23.01 / 10:57

markets UPS Citi CEO economy performer Hero MotoCorp to expand electric two-wheeler range; 3 e-scooters to be rolled out by next year

JAIPUR : With an aim to accelerate its electrification journey, Hero MotoCorp plans to bring three new electric two-wheelers in the next one year, company CEO Niranjan Gupta said on Tuesday. The company, which unveiled its new performance bike MAVERICK 440, is also ramping up production to 10,000 units a month to meet demand for motorcycles in the segment. "In FY25, we will launch electric scooters in the mid-price segment and in the economy segment to extend our Vida range," Gupta said in an interaction on the sidelines of the Hero World 2024 event here.

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