Cryptocurrency service provider BitGo has relocated its official headquarters to Sioux Falls, South Dakota, according to SEC filings, as it prepares for an IPO, despite maintaining significant office space in Palo Alto.

Boston Scientific is set to acquire Penumbra Inc. for roughly $14.5 billion to expand its vascular therapy products, with the transaction involving cash and stock.

Dynatomics filed legal paperwork to list a Keller, Texas address, but its engineering operations and hiring remain in Palo Alto.

GameStop is closing nearly half its stores in the Bay Area as part of a companywide effort to shutter underperforming locations, with wider closures seen across California and nationwide.

Dave & Buster’s will occupy 55 Harrison in Jack London Square this spring, bringing games, big‑screen sports and new jobs as a new state law loosens waterfront rules.

Williams-Sonoma is closing its Union Square flagship at 340 Post St., and Chanel plans to transform the historic building into a new flagship. The move will leave the company without an in‑city storefront.

Macy's will close 14 stores, including one near the Bay Area, aligning with its strategy to adapt to shifts in consumer shopping preferences and increase digital engagement.

Dina Powell McCormick has been appointed President and Vice Chairman of Meta, bringing her global finance experience to guide the company's growth and AI initiatives.

The Port of San Francisco announces the return of Dungeness crab sales and a pop-up fish market at Fisherman's Wharf, promoting locally caught seafood and connecting consumers with local fishers.

Andreessen Horowitz raised $15 billion for new funds, representing a significant portion of venture capital raised last year, despite a downturn in the U.S. venture funding environment.

CardVault by Tom Brady will take over the former EA Cafe at 735 Third St., a block from Oracle Park. The company confirmed the site but hasn’t announced an opening date.

November brought modest job gains to the Bay Area and California, but year‑to‑date totals through November still show net losses. The rebound is tentative.

Valero plans to idle its Benicia Refinery by 2026, continuing production until then. It will support employees with relocation or outplacement services. Governor Newsom supports Valero's move, noting California's efforts to secure fuel supply.