Here's the latest on the Bay Area's top business stories as a hard rain falls.
Good morning, Bay Area. A hard rain fell this morning on the Bay Area causing flooding around the region, so take heed before striking out on your commute. In the same vein, San Francisco Mayor London Breed on Monday declared a state of emergency in San Francisco retroactive to New Year's Eve, a move to ensure eligibility for any funding that comes from the federal government. Also on Monday,
PG&E called its mobilized response effort to the recent winter storms event the utility’s largest ever. Moving on from the weather to local politics, the San Francisco Board of Supervisors on Monday chose District 3 Supervisor Aaron Peskin to be its next president for the next two years. Peskin is the longest-serving member of the board and was elected on the
. Sound familiar to any other high-profile political situation over the past week? Diving deeper, here's what else is making news this wet Tuesday morning.Top of the business news in the city is news that publicly traded crypto exchange will slash its headcount by almost 1,000 employees as part of a restructuring, which it expects to finish mid-way through 2023.
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