Adobe will pay $12 a share to buy Semrush in an all‑cash deal worth about $1.9 billion, folding SEO and GEO tools into its Experience Cloud. The companies expect to close in H1 2026 pending approvals.

In this edition, a Himalayan gift shop closes, a wellness studio receives planning approval, a smoke shop's license gets suspended, and The Castro releases more events.

The Phoenix Hotel in the Tenderloin will close on Jan. 1, 2026, ending nearly 40 years as a rock‑and‑roll refuge. Owners cite pandemic losses and neighborhood challenges.

San Francisco's historic Jack's restaurant is reimagined by Skylight as a "civic salon" for influencers to connect, retaining nostalgic French bistro cuisine but focusing on private events and semi-public "power lunches."

Carter's plans to close 150 stores across North America due to fiscal pressures and will cut 300 corporate jobs. The closures are part of a restructuring effort in response to higher tariffs.

Synopsys will lay off about 10% of its workforce by fiscal 2026, following its $35 billion Ansys acquisition and muted revenue. The layoffs are part of a strategy to focus on growth areas and improve business efficiency.

IBM and Infineon are laying off over 100 tech workers in the Bay Area, adding to the region's tech job cuts. IBM's layoffs are part of a global workforce reduction, which could result in around 2,700 jobs lost worldwide.

Safeway is closing its Jackson St. store in Hayward due to the lease expiring and plans to relocate the 76 affected employees. The company emphasizes continued commitment to the community with its nearby Foothill Boulevard store.

Macy's and TMG Partners are evaluating the redevelopment of the Union Square flagship store in San Francisco, exploring potential changes including housing conversion, amid a broader context of retail closures and downtown revitalization.

A San Francisco vintage store, the Future Past, claims Banana Republic copied their unique jean design, involving sashiko stitching. The design was removed from Banana Republic's website amid the controversy.

Nvidia reaches a $5 trillion market value, driven by AI demand and robust stock market performance, outstripping major economies' GDPs and making significant industry investments.

Meta is laying off 318 employees in Menlo Park as part of a broader reduction strategy, reorganizing to focus on advanced AI projects amidst a challenging economic period for tech companies.

San Francisco just made Zyn pay up. The nicotine pouch maker’s $3M settlement sends a warning to the booming flavored tobacco industry.