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News
New Ross Dress for Less Opens in South Napa Oct. 10
15+ hour, 28+ min ago (422+ words) A second Ross Dress for Less is coming to Napa, and it's set to open its doors on October 10 inside the South Napa Marketplace, right next to Target. The new store will fill a space formerly occupied by Office Depot,…...
747 Front Street Sells for $49M in SF Foreclosure Deal
2+ day, 9+ hour ago (104+ words) Pendulum was founded in July 2016 by Kevin Hayes, a former senior executive at Lincoln Property Co., with a mandate focused on value-add acquisitions and redevelopments across major West Coast markets, according to Commercial Search. The 747 Front Street deal brings the…...
Rigetti Computing Berkeley Gets $100M Federal Quantum Grant
2+ day, 11+ hour ago (406+ words) Berkeley-based Rigetti secures a $100 million CHIPS Act award, giving the U.S. government equity as it races to scale superconducting quantum chips....
Chime Acquires Stride Bank for $590 Million
3+ day, 13+ hour ago (153+ words) Chime, the San Francisco-based financial technology company known for its no-fee mobile banking app, announced it will acquire nationally chartered Stride Bank in an all-cash deal worth $590 million. Shares of Chime jumped nearly 10% in extended trading following the announcement, adding…...
Balboa Reservoir SF: New Permits Filed for 704 Units
5+ day, 15+ hour ago (240+ words) A separate filing covers 170 Meyer Lane, described as a five-story mixed-use project with 174 apartments and a podium garage, the report notes. Taken together, the new filings signal that market-rate and mixed-income phases are now catching up to the affordable housing…...
Southwest snubs California, opening airport lounges in 4 other states
1+ week, 20+ hour ago (139+ words) A Southwest Airlines jet is parked at a jetway at Daniel K. Inouye International Airport on Jan. 20, 2024, in Honolulu. The United Airlines A321XLR has 118 economy seats in the back, 34 of which are extra-legroom seats. A JetBlue plane lands at San Francisco International…...
Nvidia to spend $13 billion on Hugging Face, which will remain an open source platform
1+ week, 2+ day ago (457+ words) Chipmaker Nvidia is buying artificial intelligence software platform Hugging Face for $13 billion. It’s the latest deal by the company, whose processors are integral to the AI boom, and highlights Nvidia's push to champion increasingly popular open-source AI models. Nvidia CEO…...
What is Kalshi and why is it so controversial? – NBC Bay Area
1+ week, 3+ day ago (161+ words) Kalshi is where millions of people go to place what it calls "trades," what some call "bets" on events. What is Kalshi and why is it so controversial? Kalshi is where millions of people go to place what it calls…...
Google Dodges Ad Exchange Breakup as Judge Orders Rivals-Friendly Fixes Instead
1+ week, 3+ day ago (196+ words) Investors welcomed the outcome. Alphabet shares rose between 1% and 1.5% yesterday immediately after news broke that Brinkema had rejected the forced-sale bid, according to Seeking Alpha. The stock move reflected relief on Wall Street that Google's corporate structure remains intact even…...
AI boom heats up Bay Area housing market as wealthy buyers drive demand for high-end homes across US
1+ week, 3+ day ago (950+ words) LOS ANGELES — Here’s another place the AI frenzy is making itself felt: the market for luxury homes. High-income earners, many of them employees at AI companies, are snapping up multimillion-dollar houses in the San Francisco Bay Area, undaunted by the…...