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The 49ers want another run at hosting the Super Bowl less than a decade after bringing the championship game to Santa Clara. San Francisco 49ers CEO Jed York said the team is hoping to host the 2026 Super Bowl at the NFL annual meeting Tuesday. This would mark a decade after Levi’s Stadium first hosted...
Silicon Valley lawmaker explores legislation after bank collapse
Two weeks after Silicon Valley Bank’s collapse left thousands of businesses reeling, one Silicon Valley lawmaker is exploring legislation to ensure it doesn’t happen again. At a discussion in Santa Clara on Saturday with nonprofit and business leaders, Congressman Ro Khanna announced he’s crafting legislation that would require banks to pay higher premiums to the...
San Jose Vietnamese businesses struggle to survive
Vietnamese residents packed a local restaurant to speak with San Jose’s mayor about the biggest issue on their minds: small businesses. San Jose Mayor Matt Mahan and District 8 Councilmember Domingo Candelas hosted a town hall with residents Thursday afternoon. More than 50 attendees filled the seats at Nam Giao Restaurant in East San Jose....
Sunnyvale Starbucks workers feel exploited
Employees of a busy Starbucks store in Sunnyvale are working to unionize, joining a growing movement by workers at hundreds of the chain’s stores pushing back on what they call unfair and exploitative conditions. Most of the 24 partners—what Starbucks calls its employees—at the store near South Mary and Fremont avenues have signed onto a letter...
Milpitas city attorney under fire for offensive tweets
A Milpitas official is raising concerns about a series of offensive tweets from the city attorney, who claims his account was hacked. Councilmember Anthony Phan said Twitter posts from City Attorney Michael Mutalipassi that were made 13 years ago are misogynistic. The tweets from 2009 and 2010 include misogynist comments on rape and female body...
Congressman discusses why Silicon Valley Bank failed
Congressman Ro Khanna led efforts to ensure depositors of Silicon Valley Bank could withdraw their funds following the largest collapse of a U.S. financial institution since the 2008 mortgage meltdown. The Federal Deposit Insurance Corporation (FDIC) took control of Silicon Valley Bank last week after uncertainty about its solvency led to a run on the bank,...
Silicon Valley Bank collapse hits nonprofits
The abrupt closure of Silicon Valley Bank has hit dozens of local nonprofits. The immediate concern was making payroll. But nonprofit leaders also worried how they could continue providing direct services for the disenfranchised residents who rely on them. Thankfully, it hasn’t had a drastic impact, but it could’ve meant life or death for many families, said...
Silicon Valley Bank CEO leaves powerful board
Silicon Valley Bank President and CEO Greg Becker, who led the financial institution for more than a decade before its collapse on Friday, has resigned from the board of directors of Silicon Valley Leadership Group. Laura Wilkinson, spokesperson for Silicon Valley Leadership Group, an influential advocacy organization for tech businesses, told San José Spotlight on...
San Jose mayor’s budget targets homelessness, public safety
San Jose Mayor Matt Mahan’s top issues—homelessness, public safety, growth and blight—haven’t changed since he took office, but tackling them is going to require an aggressive approach. Mahan released his budget proposal this week, which outlines how he plans to allocate millions of dollars to address the city’s top problems. The proposal, which the San...
Dozens line up to pull money from Silicon Valley Bank
In the wake of the tumultuous shut down of Silicon Valley Bank and a weekend of uncertainty that has made national headlines, the local impact of the financial institution’s collapse in the tech-driven region was clear by the dozens of people who lined up outside the bank’s Santa Clara branch Monday. Everyone was hoping to...