LOS ANGELES (AP) – The California Legislature signaled its intention Thursday to cancel a $400 million loan payment to help finance a longer life for the state’s last nuclear power plant, exposing a rift with the governor Gavin Newsom who says power is critical to maintaining energy supplies amid a rising climate. The votes in … Read more
Tesla shareholders have voted to both re-approve a pay package for Chief Executive Elon Musk that was once valued at $56 billion and to reincorporate the Texas-based electric vehicle maker, giving him important victories as he seeks to regain control. on the company. The preliminary results, announced at Tesla’s annual meeting in Austin on Thursday, … Read more
As markets closed Wednesday, the conventional wisdom went something like this: The Federal Reserve may cut interest rates just once this year. And a number of investors weren’t thrilled. At the end of 2023, Wall Street was buzzing with as many as seven rate cuts in 2024. The result was a concern after the Fed … Read more
Nasdaq 100, S&P 500 close at record highs as tech stocks regain dominance: Thursday’s winners and losers The Nasdaq 100 posted its fourth straight session high on Thursday, closing up 0.6% at 19,576 and hitting new all-time highs as technology stocks led broader market gains. The S&P 500 also posted a fourth consecutive positive day, … Read more
A 3-year CD may be a wise place to deposit $5,000 in today’s unusual economic environment. Getty Images If you have $5,000 in savings outside of what you need for your emergency fund, you may be wondering where you can save that money and earn a meaningful return. In this case, a 3-year-old certificate of … Read more
CABIA President Tom Manzo joined ‘Fox & Friends’ to discuss how the minimum wage increase has affected the fast food industry as thousands are forced out of work. California’s new $20 minimum wage for fast food workers has already caused restaurant prices to rise and foot traffic to drop since it went into effect on … Read more
WASHINGTON – The US Space Force has selected Blue Origin, SpaceX and United Launch Alliance for the National Security Space Launch Services Phase 3 program. The three companies won contracts worth $5.6 billion over five years, the Pentagon announced June 13. The three companies will compete for orders during the contract period running from fiscal … Read more
Eight former SpaceX employees have sued the company and its CEO, Elon Musk, alleging they were wrongfully terminated for raising concerns about rampant sexual harassment and gender discrimination. “Musk’s conduct in interjecting into the workplace this juvenile, grotesque sexual banter had the entirely foreseeable and intentional result of encouraging other employees to engage in similar … Read more
Larger / Brad Smith, vice chairman and president of Microsoft, is sworn in before testifying about Microsoft’s cybersecurity work during a House Homeland Security Committee hearing on Capitol Hill in Washington, DC, on June 13, 2024. Microsoft is driving its company culture to make security a top priority, President Brad Smith testified to Congress on … Read more
As of Wednesday, X users are no longer able to see which posts others have liked, with a few exceptions. Kirill Kudryavtsev/AFP via Getty Images hide title change the subtitles Kirill Kudryavtsev/AFP via Getty Images X, the app formerly known as Twitter, is implementing another controversial change. Starting this week, users won’t be able to … Read more