Trade and Commerce
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Why California gas tops $6: refinery closures, imports and a widening margin
Federal and state data show that higher crude prices explain most of this year’s jump at the pump, but California’s gap with the rest of the country has widened as two refineries closed and refiners’ reported…
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The new San Francisco fortune: the 100 families who hold the city’s wealth
Of the $516.5 billion in estimated fortunes held by San Francisco’s 100 wealthiest families and individuals, more than a third now traces to artificial intelligence. A ranked guide, from Stripe and Anthropic to the Gap and…
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Bloom Energy’s A.I. power boom lifts sales past $1 billion a quarter, but the cash is still catching up
The San Jose fuel-cell maker raised its forecast for the third time this year on data-center demand, while its own filings show how much money the growth is tying up in inventory, unbilled work and East…
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Meta is ordered to pay $25 billion on the day it reports soaring sales and a deal to keep Zuckerberg in California
A New Mexico judge imposed the largest penalty yet against the Menlo Park company, which said it would appeal, as Meta disclosed heavy A.I. spending, negative free cash flow and an agreement tying its chief executive…
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Netflix trims its forecast as ad sales lag, and its shares fall
The Los Gatos streaming company beat profit estimates for the third quarter but lowered its outlook for advertising revenue and cash flow, a week after announcing about 1,000 job cuts.
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Layoffs are easing across California. In the Bay Area, they are climbing again.
An Inquirer analysis of five years of state layoff notices finds that the nine-county region accounts for nearly 39 percent of the workers California employers have reported cutting in 2026, its largest share since the tech…
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California settles with 23andMe’s bankrupt shell for $6 million, ending its fight over genetic data
The deal resolves the state’s claims over a 2023 breach that exposed more than 855,000 Californians, and drops its appeals of the sale of customers’ DNA data.
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Bay Area giants face a high-stakes earnings week after a tech sell-off
Netflix reports on Tuesday, days after announcing about 1,000 job cuts, and Meta, Tesla and Lam Research follow on Wednesday, as investors weigh what the artificial intelligence build-out is costing and returning.
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Santa Clara’s Cloudera barred from green-card sponsorship program for two years
The data-software company will pay up to $2 million to settle federal claims that it shut American applicants out of jobs earmarked for visa holders, as Washington widens a crackdown that now reaches Silicon Valley.
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Chip stocks’ eight-day slide tests Silicon Valley, and California’s budget
A sell-off that has erased trillions of dollars in semiconductor market value has fallen hardest on the Bay Area’s largest chipmakers, renewing warnings about how closely Sacramento’s revenues track the stock market.