Snapchat Parent Company Up 44% In Wall Street Debut
The company behind Snapchat closed on a high note in its Wall Street debut, proof, at least for a day, that there's investor demand for young but still unproven tech companies.
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The company behind Snapchat closed on a high note in its Wall Street debut, proof, at least for a day, that there's investor demand for young but still unproven tech companies.
The Dow Jones industrial average closed above 20,000 points for the first time, the latest milestone in a record-setting drive for the stock market.
Dow Jones tumbled more than 500 points during Friday's trading session, dropping below 16,000 points as the financial markets suffered another day of setbacks with many Silicon Valley stocks losing value.
The Dow is on pace to lose 1,000 points this week as Wall Street sinks under the weight of China, with the world's second largest economy showing increasing signs of weakness.
Apple fans keep buying iPhones, but Wall Street keeps worrying the company won't be able to match last year's blistering sales pace.
A sell-off triggered by weak Chinese manufacturing data and escalating tensions in the Middle East sent shares of Silicon Valley stocks tumbling Monday with Netflix falling nearly 7 percent in value, Yahoo nearly 6 percent, Twitter nearly 4 percent and Facebook dropping more than 3 percent in midday trading.
Mobile payments processor Square had to sell its stock at a deep discount to complete its initial public offering, a concession signaling that investors are becoming wary of once-hot startups that haven't proven they can make money.
The Dow Jones industrial average soared more than 600 points Wednesday, its biggest gain in seven years.
Apple shares helped lead the stock market on a steep dive Monday morning, but the tech giant made a partial recovery after CEO Tim Cook assured a popular Wall Street commentator that his company is still doing well in China.
Some of the most bullish local realtors have been flinching as markets on both sides of the Pacific have plunged.
Google's stock roared out of a long slumber Friday to produce the biggest shareholder windfall in U.S. history as investors rewarded the Internet company for promising to curb its spending on risky projects.
New home sales surged higher by nearly 7% in April, durable goods orders rebounded with a business investment spending improving for the second straight month, a critical sign for growth, and even consumer confidence is on the rise, although that really hasn't translated into higher retail spending, in spite of lower gas prices and an improving job market.
Uber is reportedly seeking a new round of financing that could make the San Francisco-based ridesharing startup worth $50 billion, before offering publicly traded stock.
Twitter's stock is falling sharply after the company's earnings — due to be released after the stock market closes — came out ahead of time.
Cash rained down on startups in 2014 but with valuations so high, critics suggest some investors may be setting themselves up for a major fall.
Uber's $40 billion valuation had investors from Wall Street to Silicon Valley abuzz a day after the ride-sharing company announced it had received more money from venture capitalists than any private company this year.
On Thursday nights at San Quentin, inmates pack a classroom to hear from a man they call "The Oracle."
U.S. stocks tumbled across indexes Wednesday as fears of a global economic slowdown intensified, with the Dow Jones industrial average in its fourth day of consecutive losses - plunging more than 400 points.
Investors sent shares of San Mateo-based GoPro Inc. (GPRO) up more than 30 percent in their stock market debut Thursday, following an initial public offering that valued the sports camera maker at about $3 billion.
Yahoo is still prospering from its lucrative investments in Asia while the Internet company's listless advertising sales are picking up, if ever so slightly, under CEO Marissa Mayer.
Intel's earnings fell in the first three months of the year amid a continued slump in the worldwide PC market, but revenue grew slightly because of solid demand for tablet processors and its data center services.
Stung by the abrupt change in sentiment, the stocks of recent stars such as Netflix, Facebook, Twitter and LinkedIn are 20 percent to 45 percent below their recent peaks. The steep downfall is raising questions about whether this is just a fleeting fit of fickleness or the foreshadowing of another market bubble about to burst.
Investors are worried about slower economic growth in China, a gloomier outlook for U.S. corporate profits and an end to easy money policies in the United States and Europe. They're also fretting over country-specific troubles around the world—from economic mismanagement in Argentina to political instability in Turkey.
Twitter's stock slid more than 7 percent on its second trading day Friday, after the popular short messaging service saw a huge first-day pop in what turned out to be a smooth public debut.
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Enter here for another chance to win a weekend staycation and Discover Santa Clara. With a wealth of activities, great places to stay, and delicious food to eat, Santa Clara is the ideal destination!
Many people in Oakland say they were startled when a series of fireworks went off Saturday night around 10 p.m.
Sunday's mostly dry weather provided a brief window for Guerneville and Forestville residents to assess flooding damage and clean up.
Health officials in California are alerting consumers of a voluntary recall of a batch of cream top, whole milk that was produced by Raw Farms, LLC, in Fresno County after bird flu was detected in a sample.
Angel Brown is now learning how to navigate life without the love of her life and another heart she held close to hers.
Many people in Oakland say they were startled when a series of fireworks went off Saturday night around 10 p.m.
Sunday's mostly dry weather provided a brief window for Guerneville and Forestville residents to assess flooding damage and clean up.
Angel Brown is now learning how to navigate life without the love of her life and another heart she held close to hers.
Josh Jacobs rushed for 106 yards and matched a career high with three touchdowns and the Green Bay Packers trounced the short-handed San Francisco 49ers 38-10.
A San Francisco judge dismissed most of the charges against an activist group arrested in the Golden Gate Bridge case, a press release issued Friday said.
A San Francisco judge dismissed most of the charges against an activist group arrested in the Golden Gate Bridge case, a press release issued Friday said.
The turkeys and other food collected go to the San Francisco-Marin Food Bank and then out to community organizations.
A sinkhole opened up on Highway 101 in San Francisco Saturday morning, Caltrans said.
Some San Francisco roadways and neighborhoods experienced minor flooding Friday as the atmospheric river dumped heavy rain on the city.
Flash flood warnings were issued Friday afternoon for several Bay Area counties where instances of flooding deemed "life-threatening" were occurring.
Many people in Oakland say they were startled when a series of fireworks went off Saturday night around 10 p.m.
The Bay Area is getting a break after the heavy rainfall on Friday, but the amount of rain that fell means some areas remain at risk of minor flooding.
From downed trees to power outages to flooded streets, Friday's storm caused big problems for many East Bay residents.
A 10-year-old girl from Antioch is being credited for thwarting an attempted carjacking of her mother's vehicle by fighting off a would-be thief on Wednesday, police said.
BART's San Leandro station was closed Friday afternoon because of police activity, the agency said.
Angel Brown is now learning how to navigate life without the love of her life and another heart she held close to hers.
The manager of a boxing gym in San Jose has been arrested on felony sexual assault charges after he allegedly committed sex crimes against three women, prosecutors said.
In Pacifica, like other spots along the coast, the potentially dangerous surf conditions are more of an issue than the rain.
Police in the South Bay have made an arrest after a man was found fatally shot in Morgan Hill on Wednesday morning.
Eataly, the gourmet Italian marketplace blending restaurants, cafes, and specialty products, offers an immersive experience designed to transport visitors straight to Italy.
Sunday's mostly dry weather provided a brief window for Guerneville and Forestville residents to assess flooding damage and clean up.
It was a pretty busy Saturday night in downtown Napa, almost as if you'd never know the atmospheric river passed through just the day before.
Residents and small business owners feel fortunate there weren't massive problems as an atmospheric river rolled through the town of San Anselmo.
A man's death is under investigation in Santa Rosa after he was found dead in a creek Saturday morning after an atmospheric river dumped rain, authorities said.
A man died when he was found in a flooded vehicle after an atmospheric river dumped heavy rain in Northern California, authorities said.
Josh Jacobs rushed for 106 yards and matched a career high with three touchdowns and the Green Bay Packers trounced the short-handed San Francisco 49ers 38-10.
Victor Wembanyama scored 25 points, Harrison Barnes had 22 and the San Antonio Spurs overcame a 17-point third quarter deficit to beat the Golden State Warriors 104-94.
Joe Thornton spent a career setting up his teammates with the perfect passes that helped them score goals.
Fernando Mendoza threw for 299 yards and three touchdowns, Jonathan Brady had two touchdown catches and the go-ahead score and California rallied to beat Stanford 24-21 in the first Big Game as members of the Atlantic Coast Conference.
San Francisco 49ers quarterback Brock Purdy will miss Sunday's game against the Green Bay Packers with a sore throwing shoulder.
A San Francisco judge dismissed most of the charges against an activist group arrested in the Golden Gate Bridge case, a press release issued Friday said.
A 10-year-old girl from Antioch is being credited for thwarting an attempted carjacking of her mother's vehicle by fighting off a would-be thief on Wednesday, police said.
BART's San Leandro station was closed Friday afternoon because of police activity, the agency said.
The manager of a boxing gym in San Jose has been arrested on felony sexual assault charges after he allegedly committed sex crimes against three women, prosecutors said.
Prosecutors rested their case Thursday in the trial of Nima Momeni, the tech consultant accused of fatally stabbing Cash App founder Bob Lee in April 2023.
Prosecutors rested their case Thursday in the trial of Nima Momeni, the tech consultant accused of fatally stabbing Cash App founder Bob Lee in April 2023.
The proposed breakup calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent its Android smartphone software from favoring its search engine.
Reddit says it's investigating after users on Wednesday reported problems connecting to the online forum.
A study found that Elon Musk is the most common celebrity used in deepfake scams.
Autonomous vehicle company Cruise LLC agreed to a $500,000 fine Thursday after admitting to a false report following a crash last year in which one of its vehicles dragged a pedestrian in San Francisco.
A California child was confirmed to be the first U.S. child to become infected with bird flu, the U.S. Centers for Disease Control and Prevention announced Friday.
Whole Foods Market stores in five states sold recalled carrots and celery sticks that could contain E. coli.
The FDA sent a warning letter flagging "significant violations" of manufacturing regulations for Tom's of Maine toothpaste.
Officials with the California Department of Public Health (CDPH) said they have identified a possible bird flu case in a child in Alameda County.
The first case in the U.S. of a more severe strain of mpox was reported in San Mateo County, the California Department of Public Health said.
Scott Bessent, the founder of the Connecticut-based hedge fund Key Square Group, had been making a full-court press for the post.
Trump's sentencing in the "hush money" case has been delayed by a New York judge.
The Supreme Court issued its first opinion of the term, a one-line decision dismissing Facebook's appeal.
California Gov. Gavin Newsom traveled into a part of the state that supports President-elect Donald Trump Thursday, speaking about jobs in a county that flipped from Democrat to Republican support this election cycle.
President-elect Donald Trump made the announcement Thursday evening after Matt Gaetz withdrew himself from consideration.
In many Indigenous cultures across the Americas, gender is recognized as fluid, contrasting sharply with Western norms. Jose Martinez reports.
In many Indigenous cultures across the Americas, gender is recognized as fluid, contrasting sharply with Western norms.
As San Jose State University women's volleyball team gears up for their final games of the regular season, a new lawsuit is challenging their post-season eligibility.
Festivities began Friday for Dia de los Muertos -- or Day of the Dead, with those who celebrate preparing altars to honor family members who have passed.
A jury in Santa Clara County on Wednesday convicted a Milpitas man of murder for killing his transgender partner in 2021, prosecutors said.
Chuck Woolery was inducted into the American TV Game Show Hall of Fame in 2007 and earned a daytime Emmy nomination in 1978.
Veteran Bay Area punk greats Victims Family returns to action with this intimate, sold-out show celebrating their 40th anniversary at the Big Easy in Petaluma Saturday night.
Lawyers for actor Jonathan Majors and Grace Jabbari agreed to dismiss the case with prejudice, according to a joint filing in Manhattan federal court.
Alice Brock, whose Massachusetts-based eatery helped inspire Arlo Guthrie's deadpan Thanksgiving standard, "Alice's Restaurant," has died at age 83.
The 18th edition of the Sleepless Nights benefit concert paying tribute to country-rock pioneer Gram Parsons brings an array of artists to the Chapel in San Francisco Friday night.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
Many people in Oakland say they were startled when a series of fireworks went off Saturday night around 10 p.m.
More rain is coming to the Bay Area Monday and Tuesday but it won't be like anything we got over the last seven days.
Many people in Guerneville spent the day cleaning up after Russian River flood levels had gone down.
Angel Brown is now learning how to navigate life without the love of her life and another heart she held close to hers.
with Zoe Mintz.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
An Oakland woman has brought the joy of dance and an appreciation for African American culture to performers and audiences for 52 years.
This week's Jefferson Award winner is a Berkeley woman who has promoted child literacy for four decades, as host of a community TV show encouraging young poets.
With hate crimes on the rise in the U.S., a pair of Oakland women have been equipping people with self-defense tools for free.
If a picture is worth a thousand words, what are two million photos worth? A history of Asian Americans in the Bay Area, for this week's Jefferson Award winner.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.