Business

Shares of SVB Financial Group, known as Silicon Valley Bank, tumbled for a second day Friday and weighed on the whole banking sector again.

A financial free fall is happening right now in the Bay Area. One of the most trusted local banks is in trouble and now there’s growing concern that some companies are withdrawing their funds, which could spell doom. 

NBC Bay Area’s Raj Mathai spoke to Congressman John Garamendi, who represents the East Bay, and Oriana Papin-Zoghbi, is the CEO and co-founder of AOA Dx, about the latest developments in the Silicon Valley Bank collapse.

Meta is laying off 10,000 more employees following a major round of job cuts in November.

San Francisco’s recovery from the throes of the COVID-19 pandemic is one of the worst in the country among major metropolitan areas, according to an economic recovery tracker launched Tuesday by the Bay Area Council business group.

The Tesla recall notice was posted on the on the website of the National Highway Traffic Safety Administration on Thursday.

YouTube CEO Susan Wojcicki said Thursday that she’s stepping down.

The payments giant PayPal adds to the spate of January tech layoffs with plans to cut 7%, CEO Dan Schulman announced Tuesday.

Many store shelves are empty where eggs usually sit, but one expert says those gaps are the result of a short-term lack of supply or a spot shortage. Hilda Gutierrez reports.

Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbed.

Hastings co-founded Netflix in 1997. Ted Sarandos was promoted to co-CEO alongside Hastings in July 2020.

Remote work can get lonely after a while, especially during the holidays. Enter Groundfloor, a San Francisco workspace-slash-social club where people can make friends while they work. Scott McGrew reports.

Have you checked your 401(k) lately? If not, we’re not suggesting you do.