Bob Lee, a tech executive and founder of Cash App and former chief technology officer of Square, was fatally stabbed in San Francisco's Rincon Hill neighborhood on Tuesday morning. MobileCoin, the cryptocurrency startup he was currently serving as chief product officer for, issued a statement confirming his death. The San Francisco Police Department is currently investigating the incident, and the tech community has expressed shock and sadness at the loss of a well-respected figure.
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Monica de Leon Barba, a 29-year-old American woman, has been missing since Nov. 29 when she was last seen walking her dog home from work in Tepatitlán, Jalisco, Mexico. Her family found her dog on the street and the FBI is offering a reward of up to $40,000 for information leading to her recovery. Her brother said she was visiting Tepatitlán when she was kidnapped and her family has described the last four months as "torturous."
Gordon Moore, co-founder of Intel and pioneer in the semiconductor industry, has passed away at the age of 94. He is best known for his 1965 prediction, now known as “Moore’s Law”, which predicted a steady rise in computing power for decades. His prediction was proven true, and Intel’s processors are now found in most of the world’s personal computers. Moore’s legacy will live on in the form of his prediction, which will continue to benefit Intel and the semiconductor industry.
The Federal Reserve is facing a difficult decision as it meets to decide whether to keep raising interest rates or declare a pause. The decision is complicated by the jitters roiling the financial industry, the practice of regional banks in the Federal Reserve system inviting executives of the institutions they regulate to sit on their boards, and the hazier economic picture clouded by turmoil in the banking industry and still-high inflation. The outcome of the Fed's decision could have far-reaching implications for the banking industry and the economy as a whole.
Rupert Murdoch, 92, has announced his engagement to former San Francisco police Chaplain Ann Lesley Smith, 66. The couple met in September at Murdoch's vineyard in Bel Air, California, and they both told the New York Post that they "share the same beliefs." Murdoch proposed on St. Patrick's Day with an Asscher-cut diamond solitaire, and the couple is looking forward to the future together with the support of their families and friends.
Key takeaways: Congress must investigate the circumstances that led to the closures of Silicon Valley Bank and Signature Bank of New York. Allowing a large,…
Key takeaways: A group of America’s largest banks have agreed to deposit $30 billion into First Republic Bank. The move by the banks is a…
The San Francisco Board of Supervisors has unanimously accepted a draft plan by a panel proposing reparations for Black residents, which includes a one-time payment of $5 million to each eligible Black resident, the elimination of personal debt and tax burdens, guaranteed annual incomes of at least $97,000 for 250 years, and homes in San Francisco for just $1 a family. The plan has met with some pushback from politically liberal San Franciscans, but the Board of Supervisors will meet again in September to discuss the issue.