Latest San Francisco News
Coinbase tumbles after SEC warns of securities violations
Shares of Coinbase tumbled 15% Thursday after the cryptocurrency trading platform received a warning from the Securities and Exchange Commission that it could face securities charges. The cryptocurrency trading platform said in an SEC filing late Wednesday that it had received a...
Rare tornado near Los Angeles rips building roofs; 1 injured
LOS ANGELES (AP) — A rare tornado touched down in a Los Angeles suburb, ripping roofs off a line of commercial buildings and sending the debris twisting into the sky and across a city block, injuring one person. The National Weather Service sent teams to assess damage in Montebello...
Windows smashed at India consulates in London, San Francisco
LONDON (AP) — Windows at India's High Commission in London and at the Consulate General of India in San Francisco were smashed during separate demonstrations by Sikh protesters, police in both cities said Monday. London’s Metropolitan Police force said a man was arrested Sunday...
Washington turns to Wall Street to help rescue dying bank
The scene was reminiscent of the last financial crisis, nearly 15 years ago: Faced with a blossoming emergency in the banking sector, worried regulators and policymakers in Washington turned to Wall Street for help. The anxiety this week centered on First Republic Bank in San...
Blend Labs: Q4 Earnings Snapshot
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Blend Labs Inc. (BLND) on Thursday reported a loss of $82.7 million in its fourth quarter. On a per-share basis, the San Francisco-based company said it had a loss of 35 cents. Losses, adjusted for stock option expense and restructuring...
Yellen declares bank system sound, as new rescues ordered
WASHINGTON (AP) — Treasury Secretary Janet Yellen offered firm, upbeat reassurances to rattled bank depositors and investors Thursday, even as American financial institutions and European agencies ordered fresh rescue efforts following the second-largest bank collapse in U.S. history. ...
Experts, banks look for ideas to stop next bank failure
WASHINGTON (AP) — The warning signs were all there. Silicon Valley Bank was expanding at a breakneck pace and pursuing wildly risky investments in the bond market. The vast majority of its deposits were uninsured by the federal government, leaving its customers exposed to a crisis. ...
Williams-Sonoma: Fiscal Q4 Earnings Snapshot
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Williams-Sonoma Inc. (WSM) on Thursday reported fiscal fourth-quarter net income of $355 million. The San Francisco-based company said it had net income of $5.28 per share. Earnings, adjusted for asset impairment costs, were $5.50 per...
What's the next step for Black reparations in San Francisco?
SAN FRANCISCO (AP) — San Francisco supervisors have backed the idea of paying reparations to Black people, but whether members will agree to lump-sum payments of $5 million to every eligible person or to any of the more than 100 other recommendations made by an advisory committee won't be known...
PagerDuty: Fiscal Q4 Earnings Snapshot
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — PagerDuty Inc. (PD) on Wednesday reported a loss of $24.6 million in its fiscal fourth quarter. On a per-share basis, the San Francisco-based company said it had a loss of 27 cents. Earnings, adjusted for one-time gains and costs, came to...
