SF Michelin-star restaurant closes after 17 years
Per Luce's website, their menu was a combination of contemporary American fare with influences from around the world, with a 'superb selection of dishes that change with the seasons.'
Located inside the InterContinental San Francisco, the restaurant opened in 2008 with Chef Dominque Crenn as the head chef, according to the San Francisco Chronicle. The winner of Bravo's Top Chef All-Stars season 17, Melissa King, was later the lead chef.
The Primary School, Zuckerberg-backed school for low-income students, to shut down
Due to the COVID-19 pandemic, the upscale restaurant took a hiatus in 2020 and returned in 2021.
KRON4.com has reached out to InterContinental for further details and is awaiting a response.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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The Hill
an hour ago
- The Hill
Bolivia heads to the polls as its right-wing opposition eyes first victory in decades
LA PAZ, Bolivia (AP) — Bolivians headed to the polls on Sunday to vote in presidential and congressional elections that could spell the end of the Andean nation's long-dominant leftist party and see a right-wing government elected for the first time in over two decades. The election on Sunday is one of the most consequential for Bolivia in recent times — and one of the most unpredictable. Even at this late stage, a remarkable 30% or so of voters remain undecided. Polls show the two leading right-wing candidates, multimillionaire business owner Samuel Doria Medina and former President Jorge Fernando 'Tuto' Quiroga, locked in a virtual dead heat. Many undecided voters But a right-wing victory isn't assured. Many longtime voters for the governing Movement Toward Socialism, or MAS, party, now shattered by infighting, live in rural areas and tend to be undercounted in polling. With the nation's worst economic crisis in four decades leaving Bolivians waiting for hours in fuel lines, struggling to find subsidized bread and squeezed by double-digit inflation, the opposition candidates are billing the race as a chance to alter the country's destiny. 'I have rarely, if ever, seen a situational tinderbox with as many sparks ready to ignite,' Daniel Lansberg-Rodriguez, founding partner of Aurora Macro Strategies, a New York-based advisory firm, writes in a memo. Breaking the MAS party's monopoly on political power, he adds, pushes 'the country into uncharted political waters amid rising polarization, severe economic fragility and a widening rural–urban divide.' Bolivia could follow rightward trend The outcome will determine whether Bolivia — a nation of about 12 million people with the largest lithium reserves on Earth and crucial deposits of rare earth minerals — follows a growing trend in Latin America, where right-wing leaders like Argentina's libertarian Javier Milei, Ecuador's strongman Daniel Noboa and El Salvador's conservative populist Nayib Bukele have surged in popularity. A right-wing government in Bolivia could trigger a major geopolitical realignment for a country now allied with Venezuela's socialist-inspired government and world powers such as China, Russia and Iran. Conservative candidates vow to restore US relations Doria Medina and Quiroga have praised the Trump administration and vowed to restore ties with the United States — ruptured in 2008 when charismatic, long-serving former President Evo Morales expelled the American ambassador. The right-wing front-runners also have expressed interest in doing business with Israel, which has no diplomatic relations with Bolivia, and called for foreign private companies to invest in the country and develop its rich natural resources. After storming to office in 2006 at the start of the commodities boom, Morales, Bolivia's first Indigenous president, nationalized the nation's oil and gas industry, using the lush profits to reduce poverty, expand infrastructure and improve the lives of the rural poor. After three consecutive presidential terms, as well as a contentious bid for an unprecedented fourth in 2019 that set off popular unrest and led to his ouster, Morales has been barred from this race by Bolivia's constitutional court. His ally-turned-rival, President Luis Arce, withdrew his candidacy for the MAS on account of his plummeting popularity and nominated his senior minister, Eduardo del Castillo. As the party splintered, Andrónico Rodríguez, the 36-year-old president of the senate who hails from the same union of coca farmers as Morales, launched his bid. Ex-president Morales urges supports to deface ballots Rather than back the candidate widely considered his heir, Morales, holed up in his tropical stronghold and evading an arrest warrant on charges related to his relationship with a 15-year-old girl, has urged his supporters to deface their ballots or leave them blank. Voting is mandatory in Bolivia, where some 7.9 million Bolivians are eligible to vote. Doria Medina and Quiroga, familiar faces in Bolivian politics who both served in past neoliberal governments and have run for president three times before, have struggled to stir up interest as voter angst runs high. 'There's enthusiasm for change but no enthusiasm for the candidates,' said Eddy Abasto, 44, a Tupperware vendor in Bolivia's capital of La Paz torn between voting for Doria Medina and Quiroga. 'It's always the same, those in power live happily spending the country's money, and we suffer.' Conservative candidates say austerity needed Doria Medina and Quiroga have warned of the need for a painful fiscal adjustment, including the elimination of Bolivia's generous food and fuel subsidies, to save the nation from insolvency. Some analysts caution this risks sparking social unrest. 'A victory for either right-wing candidate could have grave repercussions for Bolivia's Indigenous and impoverished communities,' said Kathryn Ledebur, director of the Andean Information Network, a Bolivian research group. 'Both candidates could bolster security forces and right-wing para-state groups, paving the way for violent crackdowns on protests expected to erupt over the foreign exploitation of lithium and drastic austerity measures.' All 130 seats in Bolivia's Chamber of Deputies, the lower house of Parliament, are up for grabs, along with 36 in the Senate, the upper house. If, as is widely expected, no one receives more than 50% of the vote, or 40% of the vote with a lead of 10 percentage points, the top two candidates will compete in a runoff on Oct. 19 for the first time since Bolivia's 1982 return to democracy.
San Francisco Chronicle
2 hours ago
- San Francisco Chronicle
Bolivia heads to the polls as its right-wing opposition eyes first victory in decades
LA PAZ, Bolivia (AP) — Bolivians headed to the polls on Sunday to vote in presidential and congressional elections that could spell the end of the Andean nation's long-dominant leftist party and see a right-wing government elected for the first time in over two decades. The election on Sunday is one of the most consequential for Bolivia in recent times — and one of the most unpredictable. Even at this late stage, a remarkable 30% or so of voters remain undecided. Polls show the two leading right-wing candidates, multimillionaire business owner Samuel Doria Medina and former President Jorge Fernando 'Tuto' Quiroga, locked in a virtual dead heat. Many undecided voters But a right-wing victory isn't assured. Many longtime voters for the governing Movement Toward Socialism, or MAS, party, now shattered by infighting, live in rural areas and tend to be undercounted in polling. With the nation's worst economic crisis in four decades leaving Bolivians waiting for hours in fuel lines, struggling to find subsidized bread and squeezed by double-digit inflation, the opposition candidates are billing the race as a chance to alter the country's destiny. 'I have rarely, if ever, seen a situational tinderbox with as many sparks ready to ignite,' Daniel Lansberg-Rodriguez, founding partner of Aurora Macro Strategies, a New York-based advisory firm, writes in a memo. Breaking the MAS party's monopoly on political power, he adds, pushes 'the country into uncharted political waters amid rising polarization, severe economic fragility and a widening rural–urban divide.' Bolivia could follow rightward trend The outcome will determine whether Bolivia — a nation of about 12 million people with the largest lithium reserves on Earth and crucial deposits of rare earth minerals — follows a growing trend in Latin America, where right-wing leaders like Argentina's libertarian Javier Milei, Ecuador's strongman Daniel Noboa and El Salvador's conservative populist Nayib Bukele have surged in popularity. A right-wing government in Bolivia could trigger a major geopolitical realignment for a country now allied with Venezuela's socialist-inspired government and world powers such as China, Russia and Iran. Conservative candidates vow to restore US relations Doria Medina and Quiroga have praised the Trump administration and vowed to restore ties with the United States — ruptured in 2008 when charismatic, long-serving former President Evo Morales expelled the American ambassador. The right-wing front-runners also have expressed interest in doing business with Israel, which has no diplomatic relations with Bolivia, and called for foreign private companies to invest in the country and develop its rich natural resources. After storming to office in 2006 at the start of the commodities boom, Morales, Bolivia's first Indigenous president, nationalized the nation's oil and gas industry, using the lush profits to reduce poverty, expand infrastructure and improve the lives of the rural poor. After three consecutive presidential terms, as well as a contentious bid for an unprecedented fourth in 2019 that set off popular unrest and led to his ouster, Morales has been barred from this race by Bolivia's constitutional court. His ally-turned-rival, President Luis Arce, withdrew his candidacy for the MAS on account of his plummeting popularity and nominated his senior minister, Eduardo del Castillo. As the party splintered, Andrónico Rodríguez, the 36-year-old president of the senate who hails from the same union of coca farmers as Morales, launched his bid. Ex-president Morales urges supports to deface ballots Rather than back the candidate widely considered his heir, Morales, holed up in his tropical stronghold and evading an arrest warrant on charges related to his relationship with a 15-year-old girl, has urged his supporters to deface their ballots or leave them blank. Voting is mandatory in Bolivia, where some 7.9 million Bolivians are eligible to vote. Doria Medina and Quiroga, familiar faces in Bolivian politics who both served in past neoliberal governments and have run for president three times before, have struggled to stir up interest as voter angst runs high. 'There's enthusiasm for change but no enthusiasm for the candidates,' said Eddy Abasto, 44, a Tupperware vendor in Bolivia's capital of La Paz torn between voting for Doria Medina and Quiroga. 'It's always the same, those in power live happily spending the country's money, and we suffer.' Conservative candidates say austerity needed Doria Medina and Quiroga have warned of the need for a painful fiscal adjustment, including the elimination of Bolivia's generous food and fuel subsidies, to save the nation from insolvency. Some analysts caution this risks sparking social unrest. 'A victory for either right-wing candidate could have grave repercussions for Bolivia's Indigenous and impoverished communities,' said Kathryn Ledebur, director of the Andean Information Network, a Bolivian research group. 'Both candidates could bolster security forces and right-wing para-state groups, paving the way for violent crackdowns on protests expected to erupt over the foreign exploitation of lithium and drastic austerity measures.' All 130 seats in Bolivia's Chamber of Deputies, the lower house of Parliament, are up for grabs, along with 36 in the Senate, the upper house. If, as is widely expected, no one receives more than 50% of the vote, or 40% of the vote with a lead of 10 percentage points, the top two candidates will compete in a runoff on Oct. 19 for the first time since Bolivia's 1982 return to democracy.
Yahoo
7 hours ago
- Yahoo
Cathie Wood buys $12 million of tumbling AI stock
Cathie Wood buys $12 million of tumbling AI stock originally appeared on TheStreet. Cathie Wood, head of Ark Investment Management, targets tech companies she believes will lead the next wave of innovation. But she's not a passive investor. She frequently adjusts her positions, buying more when stock prices fall and trimming when they rally, balancing short-term gains and her long-term vision. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA That's what she just did, buying shares of a popular tech stock that has tumbled 36% after earnings. Wood's funds have experienced a volatile ride this year, swinging from sharp losses to strong gains. In January and February, the Ark funds rallied as investors bet on the Trump administration's potential deregulation that could benefit Wood's tech bets. But the momentum faded in March and April, with the funds trailing the market as top holdings — especially Tesla, Wood's biggest position — slid amid growing concerns over the macroeconomy and trade policies. Now, the Ark funds are making a strong comeback. As of Aug. 15, the flagship Ark Innovation ETF () is up 33.7% year-to-date, far outpacing the S&P 500's 9.7% gain. Wood's remarkable return of 153% in 2020 helped build her reputation and attract loyal investors. Her strategy can lead to sharp gains during bull markets but also painful losses, like in 2022, when ARKK dropped more than 60%. Those swings have weighed on her long-term results. As of Aug. 15, the Ark Innovation ETF has delivered a five-year annualized return of negative 1.4%, while the S&P 500 has an annualized return of 15.6% over the same period. Cathie Wood's investment strategy explained Wood's investment strategy is straightforward: Her Ark ETFs typically buy shares in emerging high-tech companies in fields such as artificial intelligence, blockchain, biomedical technology, and robotics. She says these companies have the potential to reshape industries, but their volatility leads to major fluctuations in Ark funds' values. More investing: Once battered AI stock surges 43% after earnings Veteran analyst sounds alarm on Rocket Lab stock after earnings Veteran fund manager turns heads with Palantir stock price target Over the 10 years ending in 2024, the Ark Innovation ETF wiped out $7 billion in investor wealth, according to an analysis by Morningstar's analyst Amy Arnott. That made it the third-biggest wealth destroyer among mutual funds and ETFs in Arnott's ranking. Still, Wood has been bullish on the market. In a letter to investors published in late April, she dismissed predictions of a recession dragging into 2026 and struck an optimistic tone for tech stocks. "During the current turbulent transition in the U.S., we think consumers and businesses are likely to accelerate the shift to technologically enabled innovation platforms including artificial intelligence, robotics, energy storage, blockchain technology, and multiomics sequencing," she said. Many investors share this optimism. Over the past five days through Aug. 14, the Ark Innovation ETF attracted $5.52 billion in net inflows, according to data from ETF research firm VettaFi. That's almost 70% of the fund's $8 billion assets at the end of July. Cathie Wood buys $12 million of CoreWeave stock On Aug. 15, Wood's Ark Next Generation Internet ETF () bought 120,229 shares of CoreWeave Inc. () worth roughly $12 million. The purchase came after CoreWeave tumbled 20.8% on Aug. 13 and another 15.5% on Aug. 14, following earnings that showed a larger-than-expected loss as the company increased spending to meet surging is a cloud infrastructure company specializing in GPU-accelerated computing for artificial intelligence and machine learning workloads. The company is backed by Nvidia () , now the AI chipmaker's largest holding. On Aug. 12, CoreWeave posted a second-quarter loss of 60 cents per share, much wider than Wall Street analysts' forecast of a loss of 45 cents. Still, revenue jumped 207% from a year earlier to $1.21 billion, topping estimates. Operating expenses in Q2 nearly quadrupled, rising 276% to $1.19 billion. 'We are scaling rapidly as we look to meet the unprecedented demand for AI,' said Michael Intrator, co-founder and CEO of CoreWeave. CFO Nitin Agrawal said during the earnings call that the company is "still operating in a structurally supply-constrained environment, where demand far outstrips supply for our products and services." In Q2, CoreWeave's operating margin fell to 2% from 20% a year ago. Agrawal cautioned that the company will "incur some costs prior to revenue generation," which will have a short-term impact on margins. For the current quarter, the company expects revenue between $1.26 billion and $1.30 billion, slightly above the $1.25 billion analysts had forecast. Despite the recent drop, CoreWeave stock is still up 156% since its March debut. While Wood is buying, Morgan Stanley, JPMorgan Chase, and Goldman Sachs are arranging sales of up to $10 billion of CoreWeave stock as the IPO lock-up Wood buys $12 million of tumbling AI stock first appeared on TheStreet on Aug 16, 2025 This story was originally reported by TheStreet on Aug 16, 2025, where it first appeared. 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