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☆ San Francisco Mission District shooting: At least 9 shot in a 'targeted and isolated incident,' police say
  + stars: | 2023-06-10 | by ( Andy Rose | ) edition.cnn.com   time to read: +1 min
CNN —At least nine people were shot Friday in what police believe was a “targeted and isolated incident” in San Francisco’s Mission District neighborhood. All victims are expected to survive the shooting, which happened while “some sort of block party” was ongoing, San Francisco Police Department Officer Eve Laokwansathitaya said during a news conference. At least five of the victims were hospitalized, according to Santiago Lerma, a legislative aide to a San Francisco Board of Supervisors member. San Francisco Police Department officers were called to the Mission District around 9 p.m. local time. The Mission District, better known as The Mission, is a large and diverse neighborhood often known for its historic architecture in the east-central portion of San Francisco.
Persons: Eve Laokwansathitaya, Santiago Lerma, Lerma, “, ” Organizations: CNN, San Francisco Police, San Francisco, KPIX, San Francisco Police Department, Mission District Locations: Francisco’s, San Francisco
☆ San Francisco Hilton investor will stop making loan payments
  + stars: | 2023-06-06 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
New York CNN —Downtown San Francisco has been dealt another blow after an investor in one of its largest hotels said it would stop paying its loans. An investor presentation from Park reveals that San Francisco accounted for 16% of its business in 2019, then fell to just 3% over the past 12 months following the pandemic. The San Francisco Hotel Council told CNN affiliate KGO-TV that it’s “not uncommon for hotel ownership to change” and it expects the hotel will find new owners. Property crimes in San Francisco have garnered national attention because of several attention-grabbing videos of thieves in action. Meanwhile, violent crime statistics in San Francisco have remained relatively steady in recent years.
Persons: Thomas Baltimore , Jr, ”, It’s, Nordstrom Organizations: New, New York CNN, Downtown, Park, Resorts, Hilton San Francisco, Square, Marriott, Hyatt, San Francisco, San Francisco Hotel Council, CNN, KGO, San Francisco Police Department Locations: New York, Downtown San Francisco, Francisco, San Francisco
☆ Nordstrom is the latest retailer to leave San Francisco
  + stars: | 2023-05-03 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
Nordstrom’s exit dealt another blow for San Francisco, as several well-known chains have closed in the city. Incidents of theft in San Francisco have gained national attention, though crime has generally fallen over the past six years. Property crimes in San Francisco have garnered national attention because of several attention-grabbing videos of thieves in action. In total, there were 56 homicides in San Francisco in 2022, which is the same number of homicides the city saw in 2021. For starters, remote work following the pandemic has caused a decrease in foot traffic in major US downtowns, including San Francisco.
☆ Video shows passengers in driverless car reacting to police officer gesturing to pull over: 'We're sorry, this car won't let us move!'
  + stars: | 2023-04-22 | by ( Grace Kay | ) www.businessinsider.com   time to read: +3 min
A video of a driverless car reacting to a police officer generated nearly 14 million views on TikTok. A video of a driverless car reacting to a police officer is going viral on TikTok. In the TikTok video, which has generated nearly 14 million views, a police officer can be seen attempting to guide a driverless Waymo car to the side of the road. "It knew how to respond and essentially try to avoid the parade," Romano said. Romano said the police officer was not upset with him as it was very obvious the car was driverless.
☆ The man accused of killing CashApp founder Bob Lee made a 'planned and deliberate attack,' prosecutors allege
  + stars: | 2023-04-15 | by ( Sam Tabahriti | ) www.businessinsider.com   time to read: +3 min
The man accused of killing Bob Lee planned the attack, prosecutors said in court papers. Momeni appeared in a San Francisco court Friday and is due to be arraigned on April 25. The man accused of killing CashApp founder Bob Lee planned the attack, prosecutors said in court documents released Friday. The San Francisco Police Department, which recovered a four-inch knife at the scene, arrested Momeni on Thursday. He appeared in a San Francisco court Friday and was scheduled to be arraigned on a murder charge, but did not enter a plea after the hearing was postponed until April 25.
☆ Man Arrested in Cash App Founder Bob Lee’s Fatal Stabbing Set to Appear in Court
  + stars: | 2023-04-14 | by ( Alyssa Lukpat | ) www.wsj.com   time to read: 1 min
The man arrested in connection with the fatal stabbing in San Francisco of Cash App founder Bob Lee is expected to appear in court on Friday. Nima Momeni , 38, was arrested Thursday morning and booked on a murder charge, according to San Francisco police.
☆ Everything you need to know as JPMorgan, Citi, Goldman Sachs, and other big banks report earnings
  + stars: | 2023-04-14 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
Bank of America and Goldman Sachs come in on Tuesday, with Morgan Stanley bringing up the rear on Wednesday. For a breakdown on the specific numbers, check out Markets Insider and the fantastic 10 Things Before the Opening Bell newsletter. Big banks poured $30 billion into First Republic in the midst of the banking crisis in an effort to shore up the wider market. And what about those pesky shadow banks? Never one to miss a good opportunity, shadow lenders are looking to step up where big banks are stepping back, Bloomberg reported.
☆ Why banning TikTok could be a bad idea
  + stars: | 2023-04-14 | by ( Emilia David | ) www.businessinsider.com   time to read: +4 min
Download Insider's app here. Screenshots from Lemon8 app, Ese Nuesiri / Shantania Beckford1. The rise of Lemon8 proves how pointless a TikTok ban would be. The US government wants to ban TikTok, but its parent company ByteDance is coming out with a new app aimed at the US market. Paayal writes that even if the US banned TikTok, Lemon8 would still exist.
☆ Bob Lee's final hours involved a concerned text from suspect's sister and an argument with suspect, court documents show
  + stars: | 2023-04-14 | by ( Azmi Haroun | ) www.businessinsider.com   time to read: +2 min
According to court records, Lee and the suspect argued about the suspect's sister. Lee had been out with the suspect's sister the night prior to the stabbing, per the report. Momeni and Lee had a disagreement about Momeni's sister, and his sister texted Lee the night prior to the stabbing, after they had hung out with a group. "Just wanted to make sure your doing ok Cause [I] know nima came wayyyyyy down hard on you," Momeni's sister wrote to Lee after the argument happened, according to the documents. "Thank you for being such a classy man handling it with class," she texted Lee.
☆ Family of Cash App founder Bob Lee thanks police ‘for bringing his killer to justice’
  + stars: | 2023-04-14 | by ( Rebekah Riess | ) edition.cnn.com   time to read: +1 min
CNN —The family of murdered Cash App founder Bob Lee issued a statement Thursday thanking the San Francisco Police Department “for bringing his killer to Justice” after the arrest of Nima Momeni. Law enforcement described Momeni as a 38-year-old man from Emeryville, California and said Momeni and Lee knew one another, but didn’t provide further details about their connection. Lee was stabbed to death in the Rincon Hill neighborhood of San Francisco early in the morning of April 4th. “Every day around the world, people interact with technology that Bob helped create. Bob will live on through these interactions and his dreams of improving all of our lives,” the statement reads.
☆ Tech consultant Nima Momeni's attorney is on vacation, delaying a court date in the case of Bob Lee's killing
  + stars: | 2023-04-14 | by ( Lloyd Lee | Sindhu Sundar | ) www.businessinsider.com   time to read: +3 min
Momeni's lawyer, Paula Canny, is on vacation, Canny's brother and fellow attorney told the court. The arraignment was posposted to April 25 after a brief hearing in San Francisco state court. That's because Momeni's attorney, Paula Canny, is on vacation, her brother and fellow attorney Robert Canny told the court. A representative for the San Francisco District Attorney's office did not respond to emailed requests for comment on Friday. The 38-year-old Momeni was arrested in Emeryville, California, the San Francisco police department said at a press conference on Thursday.
☆ Suspect Arrested in Fatal Stabbing of Cash App Founder Bob Lee
  + stars: | 2023-04-13 | by ( Alyssa Lukpat In New York | Zusha Elinson In San Francisco | Alyssa Lukpat | ) www.wsj.com   time to read: 1 min
Bob Lee, Cash App founder and chief product officer at crypto company MobileCoin, was fatally stabbed in San Francisco in early April. A suspect was arrested in connection with the fatal stabbing in San Francisco of Cash App founder Bob Lee, police said, more than a week after the tech executive’s death shocked Silicon Valley. Nima Momeni , 38, was arrested by San Francisco police Thursday morning and booked on a murder charge, said Bill Scott , the San Francisco police chief.
☆ Suspect arrested in stabbing death of Cash App founder Bob Lee -media
  + stars: | 2023-04-13 | by ( ) www.reuters.com   time to read: +2 min
April 13 (Reuters) - San Francisco police arrested a man on Thursday morning in connection with the fatal stabbing of Bob Lee, according to local media reports, just over a week after the tech executive succumbed to his injuries in the hospital. The San Francisco Police Department did not immediately respond to a request for further information. Lee, who founded Block Inc-owned (SQ.N) Cash App, is believed to have known the suspect. The two reportedly were driving in downtown San Francisco in Momeni's car when an alleged confrontation led to Lee's April 4 stabbing. The San Francisco Chronicle also reported news of an arrest, citing San Francisco Board of Supervisors President Aaron Peskin and other city officials, without disclosing a name.
☆ Arrest made in murder of Cash App founder Bob Lee, city official says
  + stars: | 2023-04-13 | by ( Kevin Flower | ) edition.cnn.com   time to read: +1 min
CNN —San Francisco Police have made an arrest in the murder of Cash App founder Bob Lee, according to a tweet from San Francisco Board of Supervisors member Matt Dorsey. CNN has reached out to San Francisco Police and the Mayor’s office for comment. Lee was stabbed to death in Rincon Hill neighborhood of San Francisco early in the morning of April 4th. Many in the tech world and beyond responded to news of Lee’s death with an outpouring of shock and grief. Lee was the former chief technology officer of Square who helped launch Cash App.
☆ San Francisco police connect Cash App founder to suspect arrested in fatal stabbing
  + stars: | 2023-04-13 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSan Francisco police connect Cash App founder to suspect arrested in fatal stabbingHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. CNBC's MacKenzie Sigalos joins the show to discuss the murder case of the late Cash App founder Bob Lee.
☆ A man who may have known Cash App creator Bob Lee has been arrested in connection to the fatal stabbing, per reports
  + stars: | 2023-04-13 | by ( Grace Kay | ) www.businessinsider.com   time to read: +3 min
The San Francisco Police Department arrested a man in its investigation into Bob Lee's death, per ABC7 News and Mission Local. The man appears to have known the Cash App creator, both publications reported. Lee was fatally stabbed on April 4 in downtown San Francisco. Matt Dorsey, a member of the San Francisco Board of Supervisors confirmed the report on Twitter. Lee's former wife, Krista Lee, told KTVU Fox 2 that she believes the man who was arrested was an acquaintance of Lee's.
☆ Arrest made in stabbing death of Cash App founder Bob Lee, men reportedly knew each other
  + stars: | 2023-04-13 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +2 min
San Francisco supervisor Aaron Peskin tells CNBC that an arrest has been made in the April 4 fatal stabbing of Cash App founder Bob Lee. Earlier on Thursday, local San Francisco news outlet Mission Local reported that police went to Emeryville, California, with a warrant to arrest a suspect in the case. He is a tech entepreneur in the Bay Area, according to his LinkedIn profile and reports. San Francisco police officers found Lee, 43, with stab wounds at 2:35 AM in a deserted part of downtown San Francisco. — NBC Bay Area contributed reporting to this article.
☆ What we know about Nima Momeni, the tech consultant charged with murder in the stabbing of Cash App creator Bob Lee
  + stars: | 2023-04-13 | by ( Grace Kay | Azmi Haroun | Katherine Long | ) www.businessinsider.com   time to read: +4 min
San Francisco police arrested Nima Momeni on Thursday and charged him in the murder of Bob Lee. San Francisco police arrested a tech consultant named Nima Momeni on Thursday on a murder charge in the fatal stabbing of Cash App creator Bob Lee. Friends and acquaintances 'can't imagine it'Alex Pourshayegan, who has known Momeni since he was a teenager working in Pourshayegan's window and glass store, told Insider Momeni is a "very likeable kind of guy." Two people who hired Momeni as an IT vendor told Insider that he was competent, professional and unassuming. San Francisco District Attorney Brooke Jenkins said her office is planning to file a motion to detain the suspect without bail.
☆ San Francisco's DA called out Elon Musk for his 'reckless and irresponsible' tweet about Bob Lee's death
  + stars: | 2023-04-13 | by ( Sarah Jackson | Grace Kay | ) www.businessinsider.com   time to read: +3 min
San Francisco's DA is calling out Elon Musk for a tweet he made about Bob Lee's death. San Francisco's district attorney says Elon Musk made a "reckless and irresponsible" statement over the recent death of tech executive Bob Lee. She also addressed a tweet from Elon Musk over Lee's death. Many people I know have been severely assaulted," Musk had tweeted about Lee's death last week. Jack Dorsey, who cofounded Twitter, said Lee's death was "heartbreaking."
☆ Police arrest 38-year-old Nima Momeni in fatal stabbing of Cash App creator Bob Lee
  + stars: | 2023-04-13 | by ( Grace Kay | ) www.businessinsider.com   time to read: +2 min
The San Francisco Police Department said it arrested a suspect in the fatal stabbing of Bob Lee. The police took 38-year-old Nima Momeni, an individual they say knew Lee, into custody on Thursday. The San Francisco Police Department said it arrested a suspect in its investigation into the fatal stabbing of Cash App creator Bob Lee on Thursday morning. San Francisco District Attorney Brooke Jenkins said during a press conference that there is evidence that Momeni knew Lee. 38-year-old Momeni was booked around 9 a.m. on Thursday, records from the San Francisco Sheriff's Office show.
☆ Whole Foods closes San Francisco flagship store after one year, citing crime
  + stars: | 2023-04-11 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
New York CNN —An enormous Whole Foods in downtown San Francisco that opened just last year is temporarily closing. Heralded as a “flagship store” following its March 2022 opening, the Whole Foods was one of the largest supermarkets in downtown San Francisco. A San Francisco Whole Foods store is closing a year after it opened. San Francisco Board of Supervisors member Matt Dorsey said on Twitter that he was “incredibly disappointed” by the closure. Meanwhile, violent crime statistics in San Francisco have remained relatively steady in recent years.
☆ Police scanner audio reportedly reveals what Cash App creator Bob Lee said when he called 911 after fatal stabbing
  + stars: | 2023-04-10 | by ( Grace Kay | ) www.businessinsider.com   time to read: +2 min
Audio from a police scanner gave more insight into Bob Lee's 911 call, NBC reported. A spokesperson for the San Francisco police department did not respond to a request for comment ahead of publication. Lee, the chief product officer of MobileCoin and former CTO of Square, was fatally stabbed on Tuesday morning, NBC first reported. ABC's San Francisco affiliate, KGO-TV previously reported that surveillance footage from the moments after the incident showed Lee walking around the Rincon Hill neighborhood in downtown San Francisco and asking for help before the police arrived at the scene. NBC reported that the police had found a knife near the crime scene.
☆ Hawkish tech critics have labeled San Francisco 'lawless' following the stabbing death of Cash App creator Bob Lee. The city's crime rate tells a different tale.
  + stars: | 2023-04-09 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com   time to read: +5 min
The stabbing death of Cash App creator Bob Lee spurred fresh criticism of San Francisco crime. While critics call the progressive city "lawless" with "horrific" crime, violent offenses are down. Compared with cities of similar size, San Francisco has far fewer homicides per year. Michael Arrington, the founder of the industry blog TechCrunch, agreed, posting "I hate what San Francisco has become." Representatives for the San Francisco Police Department, as well as Ocko, Musk, Arrington, and Benedicto, did not immediately respond to Insider's requests for comment.
☆ SF police chief says there's 'evidence that we found that I can't talk about' in Bob Lee death investigation
  + stars: | 2023-04-07 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +3 min
The SFPD chief said Thursday there are "good developments" in the investigation, per ABC's KGO-TV. But the city's District Attorney said "this is one that's going to take time to solve," per the report. Representatives for the San Francisco police department and the city's department of emergency management did not respond to Insider's requests for comment on Friday. The San Francisco police previously said in a statement that they responded to a call regarding the attack early morning on Tuesday at 2:35 a.m. The District Attorney's office can't make a determination on bringing charges until police have concluded their investigation and made an arrest, a representative for the DA's office previously told Insider.
☆ San Francisco mayor says the city is 'prioritizing public safety' after Cash App creator's fatal stabbing during visit
  + stars: | 2023-04-06 | by ( Britney Nguyen | ) www.businessinsider.com   time to read: +3 min
San Francisco's mayor called the death of Cash App creator Bob Lee "a horrible tragedy." London Breed said police are investigating, and San Francisco is "prioritizing public safety." Breed pointed to a recent budget supplemental that will put more police in SF neighborhoods. He tagged San Francisco District Attorney Brooke Jenkins to ask if "the city taking stronger action to incarcerate repeat violent offenders." San Francisco's violent crime rates are relatively favorable compared to other large cities, like Chicago and Los Angeles.
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