San Francisco Chronicle Business & Technology News - Spoken Edition
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Welcome back to Tech Chronicle. If you’re not a founding subscriber to this newsletter, let’s start this up. Do founders matter? I found myself asking that question as Marc Benioff, a co-founder of Salesforce, prowled the stage at Dreamforce Tuesday, as the Saleforce Transit Center seemed to be crumbling blocks away.
But what’s getting dunked? Dunkin’ is dropping Donuts from its name, hoping that will make it more relevant to younger customers, who apparently like things simple — or at least short. The company says it also reflects an emphasis on coffee and other drinks. Doughnuts are still on the menu, and the logo will keep the familiar font and orange-and-pink color scheme when the change officially takes place in January.
Twitter dings actor Woods Actor James Woods has been locked out of his Twitter account over a tweet he sent in July that violated Twitter’s rules. The tweet included a hoax that falsely suggested Democrats were discouraging men from voting in the midterm elections. Woods got an email from Twitter on Thursday saying the tweet “has the potential to be misleading in a way that could impact an election.
If it seems like more “For Sale” signs are popping up in your neighborhood, you’re not imagining things. In most parts of the Bay Area, more people put their homes on the market in August than they did last August, and this month is on pace to be the biggest September for new listings in many years. Combine that with a small slowdown in the pace of sales, and buyers are finding a little more to choose from in a market that has been starved for inventory.
Number of the day 26,656 That was Thursday’s closing price of the Dow Jones industrial average, beating its record from January. The S&P 500 also set a record at 2,930, topping the all-time high it had set last month. Big technology companies led the charge on Wall Street Thursday, with Facebook and Microsoft posting big gains. The Nasdaq composite climbed 1 percent to 8,028.
Restaurants Court backs minimum wageRestaurants must pay waiters and bartenders minimum wage when they are engaged in tasks such as cleaning toilets that are unrelated to their main jobs and do not offer tips, a divided U.S. appeals court ruled Tuesday. At issue in the decision by an 11-judge panel of the Ninth U.S. Circuit Court of Appeals was a federal law that allows an employer to pay workers who receive tips as little as $2.13 per hour as long as their tips earn them minimum wage.
Welcome back to Tech Chronicle. If you’ve got some space for me in your inbox, I’ll be over the moon. Oh, Elon Is Elon Musk crazy? Or just misunderstood? Why choose? As he tweets about a trip around the moon, Musk is getting sued back on Earth by the cave rescue diver he called a pedophile. (Confoundingly, Musk had apologized to Vernon Unsworth, the diver, then backtracked in emails to BuzzFeed News where he doubled down on his insults — all facts cited in Unsworth’s suits.
Surviving a panic like the one that started 10 years ago — when Lehman Bros. went under and nearly took the financial system with it — requires courage, patience, and a comfortable cushion of cash. “Having that cash cushion allows you to ride out a financial storm, like having a few days of canned goods helps you live out a physical storm,” said Peter Crane of Crane Data, which tracks money market funds.
Ali Razavi, the new owner of the Mission District’s 500 Club, didn’t pay $5 million for the business. He never told anyone that he “always wanted to own a dive bar.” And he isn’t a “tech guy” from Los Angeles with plans of erasing the history at 500 Guerrero St. “Those were just some of the rumors over the last few months,” Razavi said. “I didn’t tell anybody that I was taking the place over.
Christina Heltsley was driving home from work through Redwood City one afternoon when she stamped on her brakes and did a double-take. There on El Camino Real, a black sign that previously read “Caffino” in large, white letters had been repainted pink — and sported the provocative silhouette of a woman with a note that promised, “Bikini Shop, Coming Soon.
Never mind “I think I could beat Trump.” JPMorgan Chase CEO Jamie Dimon caused a stir with those words Wednesday. Dimon immediately walked back the comments and said he isn’t running for the nation’s top office. The brash Wall Street executive with a history of making off-the-cuff remarks said he was just frustrated over Washington gridlock. But he also said that he is as tough as Trump and smarter than the president. The final jab: Dimon said that he earned his money.
Putting it together Ikea has asked officials in New Haven, Conn., to approve a 165-room hotel in a modernist building designed by famed architect Marcel Breuer, the New Haven Register reported. The brutalist structure now has offices sitting atop pillars above the lower floors. It was built in the late 1960s as the headquarters for the Armstrong Rubber Co., which later sold it to the Pirelli tire company.
Social media Teens: Online sites helpToday’s teens are constantly on their smartphones, and many check social media “constantly” and prefer texting over face-to-face communication. But a new poll finds that these same teens also say that social media has a positive effect on their lives, helping them feel more confident, less lonely and less depressed. The poll was released Monday by Common Sense Media, a San Francisco nonprofit focused on kids’ use of media and technology.
A tight Bay Area housing market hasn’t hurt Bungalow, a San Francisco startup trying to connect homeowners looking to lease out their property and renters looking for space. Bungalow recently raised $14 million from investors, prompting it to trend on the startup database Crunchbase. It signs long-term leases with homeowners and then matches roommates, typically early-career professionals.
Much of the Tesla factory in Fremont is made up of large robot arms behind plexiglass. All welding has been automated for precision and safety. Tesla’s plant in Fremont has been busy in recent months. So has CEO Elon Musk, but sometimes his comments have been more mystifying than electrifying. Elon Musk may be charismatic, but some of his tweets get him in trouble. Elon Musk was up early that Saturday.