Palo

This is what it took to make a small city safe.In 1992, East Palo Alto was dubbed the “murder capital” of the U.S., with 42 murders in its 2.5 square miles — a per capita rate higher than that of any other city of any size. In 2023, according to East Palo Alto Police Department statistics released last week, the turnaround seemed complete: zero homicides.Law enforcement leaders, residents and city officials point to a complicated mix of circumstances that turned a crime-ridden community into what the mayor now calls…

Image: Rafael Henrique/Adobe Stock Worldwide spending on public cloud services is set to grow 20.7% to total $591.8 billion in 2023, according to Gartner, and threat actors are getting better at exploiting unpatched vulnerabilities. Recent research by Palo Alto Networks’ Unit 42 found that more than 60% of organizations take over four days to resolve security issues, over 63% of codebases in production have unpatched vulnerabilities, and threat actors exploit a misconfiguration or vulnerability within hours.…

I meet Malcolm Harris, voice of millennials and anti-capitalist crusader, at a Brooklyn coffee shop, suggested by his publicist for a book-tour interview. He goes for a guava croissant along with his $3.75 drip. He hints this is not an endorsement of a bourgeoisie micro-luxury, but an ironic jab at the media tycoons of Condé Nast who are picking up the tab.Harris, a spry 34, is generating considerable buzz with his book, Palo Alto. He knows the town and the tech industry it sits at the heart of well. He grew up there, was…

Sam Bankman-Fried may face serious legal jeopardy and years in prison over the collapse of his FTX crytocurrency exchange, but for the time being, he’s enjoying some semblance of his privileged upbringing by living under house arrest in his parents’ spacious Palo Alto home. On the leafy one-acre property, which a pricey private security firm has turned into a “heavily guarded fortress,” the onetime billionaire wunderkind has reportedly met with famed “Big Short” and “Moneyball” author Michael Lewis about the possibility…

With a best-selling powder keg of a book, numerous articles, an ongoing criminal trial featuring anguished testimony from filmmaker Jennifer Siebel Newsom, wife of California Gov. Gavin Newsom, can a new film about Harvey Weinstein offer anything new on his downfall and its aftermath? For Palo Alto resident Rowena Chiu, who is featured in the film, the answer is a qualified, but important, yes. She was an assistant to Weinstein at Miramax Films who was assaulted by the mogul in 1998 and then was forced to endure a…

Check out the companies making headlines in midday trading.Gap – The retailer popped 10% after beating Wall Street's estimates for revenue. Gap also also gave a cautious outlook for the holiday season.Palo Alto Networks – Shares of the cybersecurity provider added 6.5% after beating expectations for revenue and per-share earnings, according to Refinitiv. Ross Stores – Shares shot up 15% following the discount retailer's report of beats on per-share earnings and revenue for the latest quarter.Live Nation – The Ticketmaster…

Check out the companies making headlines in midday trading Tuesday.Zoom Video — Zoom sank more than 14% after missing on revenue estimates for the previous quarter due to a strong dollar. The video conferencing company also cut its forecast for the full year amid slowing revenue growth.Twitter – Shares of the social media network fell 6% after a whistleblower at the company filed complaints with the Securities and Exchange Commission, Federal Trade Commission and Justice Department alleging "extreme, egregious…

The Deer & Co. John Deere 8R fully autonomous tractor is displayed ahead of the Consumer Electronics Show (CES) on January 4, 2022 in Las Vegas, Nevada.Patrick T. Fallon | AFP | Getty ImagesCheck out the companies making headlines in midday trading.Deere — The stock plummeted 11.4% after Deere reported a miss on revenue but a beat on profit in the recent quarter. The equipment maker reported earnings per share of $6.81 on revenues of $12.03 billion. Analysts expected $6.71 per share on $13.2 billion in revenue.Palo…

Palo Alto Networks shares rose 12% in extended trading on Thursday after the network security hardware maker announced fiscal third-quarter results that came in stronger than analysts had expected.Here's how the company did:Earnings: $1.79 per share, adjusted, vs. $1.68 per share as expected by analysts, according to Refinitiv.Revenue: $1.39 billion, vs. $1.36 billion as expected by analysts, according to Refinitiv.Palo Alto Networks said revenue grew 29% year-over-year in the quarter, which ended on April 30, according…

Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.David Paul Morris | Bloomberg | Getty ImagesCheck out the companies making headlines after the bell Thursday:Applied Materials — Applied Materials shares fell more than 2% after the chipmaker posted quarterly results that missed analyst estimates. The company earned $1.85 per share on revenue of $6.25 billion. Analysts expected a profit of $1.90 per share on revenue of $6.38 billion, according to Refinitiv. Applied…