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From the front door of X, which is closing up shop in San Francisco on Friday, Market Street runs straight through downtown to the bay. Now, as X leaves its spot, Market Street is still suffering from all the same problems it had before Twitter. After handing over millions of dollars in tax breaks to one of the world's wealthiest corporations, San Francisco has nothing to show for it. AdvertisementI keep remembering a work trip I took to San Francisco in 1999, a few years before I moved here. "Our focus remains on working with and supporting the many businesses that call San Francisco home," the statement reads.
Persons: Daniel Burnham, Elon Musk, Twitter, Ted Egan, Bon Marché, Paula Smith Arrigoni, restaurateurs, Dolby, Twitter didn't, Egan, Uber decamped, Musk, San Francisco, Adam Rogers Organizations: Twitter, Central Market, Anadolu, Getty, AQ, Area, Coalition, Apple, New York Times, San, Sony, Microsoft, Ikea, London Breed, Business Locations: San Francisco, Austin, South Park, California, Brisbane, Texas, scuzzy, gentrify, Alta, Oro, Bon, Kaya, Bay, Oakland
Read previewNvidia CEO Jensen Huang said that a shortage of his company's products is making customers "emotional" and that things are tense. Huang, dubbed the King of AI, said the demand for Nvidia's products is so high because everyone wants to get them first — and they want a lot. He added, "Demand is so great that delivery of our components, our technology, infrastructure, and software is really emotional for people." "We probably have more emotional customers today. In August, Nvidia sparked worries that its next generation of AI chips, Blackwell , would be delayed by two to three months.
Persons: , Jensen Huang, Huang, Goldman Sachs, Blackwell Organizations: Service, Business, Nvidia, Meta, Microsoft, Google, Blackwell Locations: San Francisco
A Republican congressman slammed Meta on Thursday over what the lawmaker called an inadequate response to concerns about illicit drug advertisements on Facebook and Instagram. "Meta's response not only ignores most of the questions posed in our letter, but also refuses to acknowledge that these illicit drug ads were approved and monetized by Meta and allowed to run on their platforms," Walberg said in a statement. In its letter to lawmakers, Meta Vice President of Global Legal Strategy Rachel Lieber said that the company shares lawmakers' concerns "about the public safety and health threat caused by the opioid epidemic." Meta is "profiting from proving paid amplification to drug trafficking sites that would not have the reach without Meta's advertising platforms." Read Meta's letter to lawmakers below:
Persons: Mark Zuckerberg, Emily Chang, Tim Walberg, Meta, Walberg, Rachel Lieber, Lieber, Katie Paul, Paul, Zuckerberg, Read Organizations: Meta, Inc, Republican, Facebook, . Michigan, Wall Street Journal, Tech Transparency, Global, CNBC Locations: Menlo Park , California, San Francisco
The startup, Cavela, launched from stealth today with $2 million in seed funding, Business Insider has learned. This story is available exclusively to Business Insider subscribers. The process becomes even more time-consuming as companies speak with multiple suppliers in order to find the best partner to complete a specific project. Sardain's family works in manufacturing, and he grew up living in multiple manufacturing hubs across Asia and Latin America, including Malaysia, Hong Kong, Thailand, Singapore, and Mexico. For Cavela, the startup closed its $2 million seed round without using a traditional pitch deck.
Persons: , Anthony Sardain, Sardain, we've Organizations: Service, Business, XYZ Ventures, Ventures, Go Global Ventures, Tierra, Google, Bright Machines Locations: Asia, Latin America, Malaysia, Hong Kong, Thailand, Singapore, Mexico, America, San Francisco, Fransisco
CNBC TechCheck Evening Edition: September 12, 2024
  + stars: | 2024-09-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC TechCheck Evening Edition: September 12, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.
Persons: TechCheck Organizations: CNBC Locations: San Francisco
None other than the legendary Larry Ellison, founder of the enterprise software company that is Oracle , said it on Monday. That investment by Google and that lack of investment by Microsoft may be two sides of one of the most pivotal decisions in history. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Larry Ellison, co-founder, chairman and chief technology officer of Oracle, speaks during the Oracle OpenWorld conference in San Francisco on Oct. 1, 2017.
Persons: Larry Ellison, Ellison, Eaton —, Microsoft's Bing, Bing, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Oracle, Club, Microsoft, Nvidia, Broadcom, Devices, Google, Justice Department, DOJ, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: San Francisco
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks during an event in Taipei, Taiwan, on Sunday, June 2, 2024. Asian chipmaking heavyweights extended Wall Street's rally as Nvidia CEO Jensen Huang made bullish comments about the AI darling's outlook. Stocks tied to Nvidia suppliers and semiconductor related companies rallied in Asia as the bullish investor sentiment spilled over. Contract chip manufacturer Taiwan Semiconductor Manufacturing Corp jumped as much as 5% and Hon Hai Precision Industry — known internationally as Foxconn — gained over 4%. Japanese chip-related stocks also soared, including semiconductor testing equipment supplier Advantest which gained over 9%.
Persons: Jensen Huang, Goldman Sachs, Huang, Stocks, Organizations: Nvidia Corp, Nvidia, Goldman, Technology Conference, Taiwan Semiconductor Manufacturing Corp, Hai Precision Industry, TSMC, Tokyo, SoftBank Group, Samsung Electronics, SK Hynix Locations: Taipei, Taiwan, San Francisco, Asia, South Korea
I'm the managing director and head of the Merrill Center for Family Wealth. But often, they aren't sure what success means to those people, perhaps because family members feel uncomfortable talking about it. How can I build my own personal identity, both within and outside the family wealth? Many rising generation members are concerned about how to carve out a path for themselves. When rising generation members interact with friends and colleagues, it can lead to uncomfortable questions about wealth and privilege.
Persons: , Valerie Galinskaya, we've, I've, We've Organizations: Service, Bank of America, Business, Merrill Center, Family Wealth Locations: New York City, San Francisco
Nvidia stock surged 6% on Wednesday, helping fuel a tech-led rebound in the stock market. CEO Jensen Huang discussed the return on investment of AI infrastructure at a Goldman Sachs conference. Productivity gains and immediate cost savings are the core tenets of Nvidia's ROI pitch to customers. The gains in Nvidia stock came as CEO Jensen Huang addressed investors at a Goldman Sachs conference in San Francisco Wednesday morning. "You reduce the computing time by about 20 times, and so you get a 10x savings," Huang said of running Nvidia's GPU accelerators relative to traditional CPUs.
Persons: Jensen Huang, Goldman Sachs, , David Solomon, Huang, Solomon, Nvidia's, Claude, There's Organizations: Nvidia, Goldman, Productivity, Service, San Locations: San Francisco
Read previewJensen Huang faces a monumental task as he takes center stage at a Goldman Sachs event on Wednesday: getting AI investors to stop panicking. However, there are signs suggesting that investors are getting pretty angsty over the future of Nvidia and AI more broadly. The markets are in a panic over AINvidia has been a powerhouse at the center of the generative AI boom. First, Nvidia's 122% year-on-year revenue growth in the last quarter was smaller than the 262% growth it recorded in the previous quarter. "I do not believe that Jensen is able to say anything that will quell investors' nerves," he said.
Persons: , Jensen Huang, Goldman Sachs, Chris Beauchamp, Jeff Chiu, Beauchamp, Bernstein, Emma Cosgrove, Huang, Blackwell, Alvin Nguyen, Forrester, Jensen Organizations: Service, Nvidia, Technology Conference, Business, Google, Meta, Microsoft, Santa, Big Tech, Blackwell Locations: San Francisco, Santa Clara
Read previewJamie Lee Curtis said the key to her 40-year-long marriage with filmmaker Christopher Guest is not to leave — even when they hate each other. This story is available exclusively to Business Insider subscribers. She added that "perseverance, patience, gentleness, and a really good dose of hatred" is what she thinks makes a marriage work. Avigail Lev, a San Francisco therapist, previously told Business Insider that couples can follow psychologist John Gottman's "magic ratio of 5:1." A representative for Curtis didn't immediately respond to a request for comment from Business Insider sent outside business hours.
Persons: , Jamie Lee Curtis, Christopher Guest, Curtis, Marlo Thomas, Phil Donahue, Thomas, Donahue, I'm, Annie, Avigail Lev, John Gottman's, Gottman, Lev, Curtis didn't Organizations: Service, Creative, Business, People, Stone, Science, Business Insider Locations: San Francisco
Investors returned to Nvidia stock Wednesday after CEO Jensen Huang made a compelling case at a major tech gathering for the innovation he strives for and the competitive moat he's built. There have been a lot of doubters on Wall Street since Nvidia reported quarterly results on Aug. 28 . NVDA YTD mountain Nvidia YTD On stage with Goldman Sachs CEO David Solomon, Huang was asked how he views the competition. The way that computers are built today, if you look at our new Blackwell system, we design seven different types of chips to create the system. While ducking a question about Nvidia stock, Solomon did tell CNBC that Nvidia is a "super company" that's well-positioned to keep succeeding.
Persons: Jensen Huang, Goldman Sachs, That's, David Solomon, Huang, Blackwell, Nvidia's, it's, ramping Blackwell, that's, It's, Solomon, Communacopia, Jim Cramer's, Jim Cramer, Jim, Sam Yeh Organizations: Nvidia, Technology Conference, CNBC, Goldman, Blackwell, AFP, Getty Locations: San Francisco, Communacopia, Taipei
Mark Zuckerberg just sold out a stadium
  + stars: | 2024-09-11 | by ( Sarah Jackson | ) www.businessinsider.com   time to read: +1 min
Mark Zuckerberg is apparently selling out stadiums now. The Meta CEO was a guest on a live show of the "Acquired" podcast at Chase Center in San Francisco on Tuesday. Go to newsletter preferences Thanks for signing up! AdvertisementMark Zuckerberg does plenty of podcast interviews, and this week he managed to sell out a stadium doing so. The Meta CEO was the leading guest at a live event Tuesday night by the popular "Acquired" podcast, held at Chase Center in San Francisco.
Persons: Mark Zuckerberg, , Ben Gilbert, David Rosenthal, It's Organizations: Chase Center, Service, Business Locations: San Francisco
In recent years wildfires have regularly burned in and around Wrightwood, a picturesque mountain town 60 miles east of Los Angeles known for its 1930s cabins. In neighboring Orange County, firefighters used bulldozers, helicopters and planes to control a rapidly spreading blaze called the Airport Fire that started Monday and spread to about 3 square miles in only a few hours. Concialdi said the fire was burning away from homes in Orange County, but there are 36 recreational cabins in the area. Residents along the southern edge of Big Bear Lake were told to leave the area Tuesday night, according to the San Bernardino County Sheriff’s Department. The blaze had charred more than 51 square miles of grass and brush and blanketed the area with a thick cloud of dark smoke.
Persons: Big Bear, Robert Luna, Janice Quick, texted, Quick, “ I’ve, I’ve, , Steve Concialdi, Concialdi, Sherri Fankhauser, Fankhauser, ” Fankhauser, “ It’s, Davis, Joe Lombardo, Charles Moore Organizations: Chamber of Commerce, Orange County Fire, San Bernardino National Forest, Residents, San, San Bernardino County Sheriff’s Department, Nevada Gov, Sunday, National Weather Service, Truckee Meadows Fire Locations: , California, Los Angeles, Big, Wrightwood, Los Angeles County, Orange County, Riverside County, San Bernardino County, Northern California, Clearlake City, San Francisco, Idaho , Oregon, Nevada, Reno, Davis, Washoe, Washoe County, Truckee Meadows
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with SHVO CEO on San Francisco investmentMichael Shvo, SHVO CEO, joins 'Closing Bell Overtime' to talk his company's $1 billion bet on San Francisco and getting workers back to the office.
Persons: Michael Shvo Organizations: San Locations: San Francisco, Francisco
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSHVO CEO talks $1 billion bet on San Francisco office real estateMichael Shvo, SHVO CEO, joins 'Closing Bell Overtime' to talk his company's $1 billion bet on San Francisco and getting workers back to the office.
Persons: Michael Shvo Organizations: San Locations: San Francisco, Francisco
Read previewJamie Lee Curtis said the key to her 40-year marriage with the filmmaker Christopher Guest is not to leave — even when they hate each other. This story is available exclusively to Business Insider subscribers. The 65-year-old actor added that "perseverance, patience, gentleness, and a really good dose of hatred" are what she thinks make a marriage work. Thomas and Donahue, who had been married for 44 years, asked Curtis what she thought the secret to a long marriage was. Avigail Lev, a therapist in San Francisco, previously told Business Insider that couples could follow the psychologist John Gottman's "magic ratio of 5:1."
Persons: , Jamie Lee Curtis, Christopher Guest, Curtis, Aw, Marlo Thomas, Phil Donahue, Thomas, Donahue, I'm, Annie, Avigail Lev, John Gottman's, Gottman, Lev, Curtis didn't Organizations: Service, Creative, Business, Stone, BI Locations: San Francisco
CNBC TechCheck Evening Edition: November 11, 2024
  + stars: | 2024-09-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC TechCheck Evening Edition: November 11, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.
Persons: TechCheck Organizations: CNBC Locations: San Francisco
Larry Ellison, co-founder, chairman and chief technology officer of Oracle, speaks during the Oracle OpenWorld conference in San Francisco on Oct. 1, 2017. Following a better-than-expected earnings report after the close on Monday, the stock popped 11% on Tuesday. Oracle shares are now up 49% this year, trailing only AI chipmaker Nvidia — up 136% — among large-cap tech stocks. Both companies announced major layoffs in their earnings reports last month. By the standards of high-growth tech, Oracle remains fairly plodding.
Persons: Larry Ellison, It's, Ellison, Elon Musk, Jeff Bezos, Safra Catz Organizations: Oracle, Intel, Cisco, Guggenheim, Nvidia, Forbes, Amazon, Revenue Locations: San Francisco
In mounting an attack against Trump, Harris can pick and choose from a Golden Corral-scale buffet of material. “I suspect there will be some surprises during the debate,” Jason Miller, a Trump campaign spokesman, said Monday while briefing reporters. Will Trump speak more broadly beyond his base? Even when he knocked Biden out of the race in the last debate, Trump didn’t inspire key voting blocs. “He’s going to talk about what he wants.
Persons: Donald Trump, Joe Biden, Kamala Harris, Trump, Harris, , Robert Rowland, Biden, she’s, Mike Pence, “ Mr, Pence, baselessly, she’d, , ” Jason Miller, Hillary Clinton, Philippe Reines, Reines, Trump’s, I’m, Will Trump, it’s Harris ’, ” Trump, he’s, didn’t, “ Kamala, Matt Gaetz, It’s, Rowland, Tulsi Gabbard, David Muir, Linsey Davis, he's, it's, ” Reines, “ He’s Organizations: Trump, ABC News, National Constitution, University of Kansas, New York Times, Siena College, Capitol, Democratic, ABC, Social Security Locations: Philadelphia, California, Manhattan, Pittsburgh, San Francisco, Kansas
Mandatory evacuations were ordered for communities across San Bernardino County, east of Los Angeles, as the so-called Line Fire raged through woodland and burned through more than 23,700 acres by Monday night. The fire in the foothills of the San Bernardino National Forest was 5% contained as of around 8 p.m. PT Monday, according to the California Department of Forestry and Fire Protection, or CalFire. March Air Reserve Base in Riverside County, just south of San Bernardino County, reached 105, according to the National Weather Service. “The triple-digit weather down here is nasty.”Newsom proclaimed a state of emergency for San Bernardino County Saturday night. State officials said vegetation is critically dry in San Bernardino County and temperatures reached more than 100 degrees on Saturday, with relative humidity ideal for the fire to spread.
Persons: CalFire, Gavin Newsom, Eric Thayer, Dan Munsey, Smiley, , , Steven Michael King, Michael Lee, Lee, ” Lee, ” Newsom, Firefighters Organizations: San Bernardino National Forest, PT, California Department of Forestry, Gov, National Guard, Unified, Redlands Unified, National Weather Service, San Bernardino Fire Protection, Downtown, Air Reserve Base, Angeles National Forest, Running, Associated Press, AP, San Bernardino Locations: San Bernardino County, Los Angeles, Forest, California, Orange County, Running Springs, Calif, Running, Downtown Los Angeles, Riverside County, L.A, Lake, Highland, Clearlake City, San Francisco
Baltimore Ravens (0-1)Last week: 3Thursday: Lost to Kansas City Chiefs 27-20Lamar Jackson can’t keep this up. New York Jets (0-1)Last week: 13Monday: Lost to San Francisco 49ers 32-19Let’s focus on the positive: Aaron Rodgers made it through Week 1 perfectly healthy. Cincinnati Bengals (0-1)Last week: 9Sunday: Lost to New England Patriots 16-10Ja’Marr Chase didn’t have a great negotiating week. Atlanta Falcons (0-1)Last week: 15Sunday: Lost to Pittsburgh Steelers 18-10The Falcons spent big on free-agent quarterback Kirk Cousins in the offseason. Cleveland Browns (0-1)Last week: 11Sunday: Lost to Dallas Cowboys 33-17Let’s review the Deshaun Watson situation.
Persons: we’re, Dallas, we’ll, Xavier Worthy, Rashee Rice, Travis Kelce, Xavier, Christian McCaffrey, Heck, Kyle Shanahan, Jordan Mason, McCaffrey, Mason, Brandon Aiyuk, Francisco, Josh Allen, He’s, Steve Young, Keon Coleman, Terrel Bernard, Matt Milano, Joe Mixon, , , Stefon Diggs, Nico Collins, Dan Campbell’s, Jared Goff, David Montgomery, Jameson Williams, Saquon Barkley, Jalen, Jason Kelce, Dak Prescott, Prescott, Tua Tagovailoa, opkRevcnUI, Justin Herbert, Dobbins, Jim Harbaugh, Harbaugh, Baker Mayfield, Mayfield, Baker, Wsb0UiW5hR — Chase Daniel, Derek Carr, Alvin Kamara, Mike Macdonald’s, Kenneth Walker’s, Tariq Woolen, Devon Witherspoon, Macdonald, Mike Macdonald's, Mike Tomlin, Chris Boswell, Justin Fields, Russell Wilson, Kirk Cousins, J.J . McCarthy, Sam Darnold, Darnold, Aaron Jones, Dallas Turner, Keion White, Rhamondre Stevenson, Jacoby Brissett, Drake Maye, Brissett, Bill Belichick, Caleb Williams, D’Andre Swift, Rome Odunze, Greenberg, Lamar Jackson can’t, Jackson, Patrick Mahomes, Derrick Henry, Henry, Anthony Richardson, Alec Pierce, Puka, Matthew Stafford, Cooper Kupp, Kupp, Stafford, Aaron Rodgers, Allen Lazard, Malik Willis, Love, Trevor Lawrence’s, Gabe Davis, Brian Thomas Jr, Marvin Harrison Jr, Maxx Crosby, Christian Wilkins, Antonio Pierce, Chase didn’t, Chase, Tee Higgins, Joe Burrow’s, Will Levis, Levis, Tony Pollard’s, Bo Nix, Joe Nicholson, Sean Payton, Sean McVay, Cousins, Jayden Daniels, Daniels, Tom Brady, Daniel Jones, Barkley, Jones, Malik Nabers, KrhmYcX77S — Alex Wilson, Bryce Young’s, “ We’ve, Dave Canales, Adam Thielen’s, Watson, it’s, Khalil Shakir, Dalton Kincaid, Bryan M, Bennett Organizations: Bears, Texans, NFL, Cleveland Browns, Baltimore Ravens, Chiefs, Super, Bengals, Beat New York Jets, 49ers, Niners, Minnesota Vikings, Beat Arizona Cardinals, Nine Bills, Miami Dolphins, Beat Indianapolis, Cincinnati Bengals, Chicago Bears, Los Angeles Rams, Lions, Tampa Bay Buccaneers, Rams, Green Bay Packers, New York Giants, Former Giants, Atlanta Falcons, Dallas Cowboys, Beat Cleveland Browns, Cowboys, Cleveland, New, New Orleans Saints, Beat Jacksonville Jaguars, Dolphins, Buffalo Bills, Las Vegas Raiders, Ravens, Carolina Panthers, Browns, Panthers, NFC, Detroit Lions, Beat Carolina Panthers, New Orleans, Saints, Beat Denver Broncos, Seattle, New England Patriots, Seahawks, Beat Atlanta Falcons, Steelers, Denver Broncos, Beat New York Giants, Vikings, Atlanta, Eight Vikings, Minnesota, San Francisco 49ers, Beat Cincinnati Bengals, Seattle Seahawks, Beat Tennessee Titans, Houston Texans, Kansas City Chiefs, Indianapolis Colts, Colts, Detroit, Arizona Cardinals, New York Jets, Tennessee Titans, Philadelphia Eagles, Packers, Jacksonville Jaguars, Jacksonville, 33rd Team, Jaguars, Dallas, Los Angeles Chargers, The Raiders, Chargers, Chicago, ET Broncos, Broncos, Pittsburgh Steelers, Falcons, Washington, Fox, Eagles, Carolina Locations: Dallas, Houston, South America, New Orleans, J.K, Tampa Bay, Carolina, England, Baltimore, Jordan, Brazil, Dak, Arizona, Cincinnati, That’s, Tennessee, Seattle, USA, Denver
CNN —The San Francisco 49ers put in a dominant showing to beat the New York Jets 32-19 on Monday, spoiling Aaron Rodgers’ return to NFL action. Rodgers returned to NFL action for the first time since Week 1 last season. Thearon W. Henderson/Getty ImagesDespite the poor start, Rodgers soon showed why the Jets traded for him ahead of last season. However, the Jets offense then struggled to produce much until late in the third by which point San Francisco had built up a comfortable lead. Per the NFL, the Jets only had 21:20 minutes of possession, the lowest mark of Rodgers’ career.
Persons: Aaron Rodgers ’, Jordan Mason, Christian McCaffrey, Mason, Jake Moody, Brock Purdy, ” Purdy, , McCaffrey, I’m, Rodgers, Fred Warner, Thearon, Henderson, San, Rodgers –, Garrett, Wilson, , ” Rodgers, Kyle Shanahan’s, Brandon Aiyuk Organizations: CNN, San Francisco 49ers, New York Jets, NFL, 49ers, Jets, Breece, Green Bay Packers, Kansas City Chiefs, Super, San Locations: Francisco, New York, San Francisco
CNBC TechCheck Evening Edition: September 10, 2024
  + stars: | 2024-09-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC TechCheck Evening Edition: September 10, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.
Persons: TechCheck Organizations: CNBC Locations: San Francisco
San Francisco 49ers running back Christian McCaffrey missed his team’s Monday night game against the New York Jets with a calf and Achilles injury. The 49ers replaced him with Jordan Mason, who dominated the Jets' defense. McCaffrey was limited in practice all week because the injury. He was listed as questionable on the team’s injury report, but he told the media Friday he was not concerned about being held back for Week 1. McCaffrey has been dealing with an injury to his calf and Achilles since August.
Persons: Christian McCaffrey, Jordan Mason, McCaffrey Organizations: San Francisco 49ers, New York Jets, 49ers, Jets, San Locations: San Francisco's, San Francisco, Carolina
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