Owners of certain Tesla Cybertrucks will have to visit the repair shop after Tesla issued a recall affecting 2,400 of the electric vehicles over possible sudden loss of power to the wheels.

At issue is a transistor in some trucks built between Nov. 6, 2023 and July 30. Failure of the component could lead to a non-responsive accelerator pedal ...Read more

The world’s wealthiest people have several things in common, but one of the most prominent is that the 10 richest have more than $100 billion to their name. The very top have more than $200 billion. These amounts don’t consist of cash sitting in a bank but are mainly investments, often of some of the largest publicly traded companies, which ...Read more

As an outbreak of the avian flu continues to wreak havoc on California agriculture, the number of infected animals and workers is stacking up.

As of Friday, state agriculture officials confirmed 294 dairies — representing a little more than 25% of the state’s 1,100 dairies — are now under quarantine due to the H5N1 avian flu.

On the ...Read more

Boeing has laid off 2,199 workers in Washington, according to a notice filed Monday with the state’s Employment Security Department.

The cuts are part of a companywide effort to reduce Boeing’s workforce by 10%, or 17,000 workers. Managers began scheduling meetings and delivering pink slips over three days last week, starting on Wednesday. ...Read more

There’s a crazy idea going around, fueled by one Elon Musk, that Tesla Inc., an electric vehicle maker, would be unscathed if Republicans ditch the federal EV tax credit.

There is a certain superficial logic at work. Tesla is a profitable EV maker years ahead of the competition in designing and selling vehicles powered by batteries. Old ...Read more

A 529 plan gives consumers a tax-advantaged way to pay for education, and that’s a boon for parents and other family members who want to save for a child’s schooling. A 529 plan offers several other benefits, including the ability to invest with potentially high-return assets such as stock funds, instead of being limited to low-return bank ...Read more

Spirit Airlines Inc. filed for bankruptcy on Monday with a plan to hand over control to bondholders after failing to agree on a merger with rivals.

The airline sought Chapter 11 protection in New York to restructure $1.6 billion of debt, according to court filings. It said will continue to operate normally throughout the bankruptcy process, ...Read more

Boeing was flying high in mid-2018 with record plane deliveries, record revenue and a record-high stock price.

Then came two fatal crashes of its 737 Max aircraft, followed by a global pandemic. Years of regulatory scrutiny and snarled supply chains ensued, coming at the same time Boeing’s defense unit was losing money because it bid too ...Read more

Many in the real estate industry look back fondly on Donald Trump’s first administration, including big corporate tax cuts and a developer-friendly tax incentive to induce investment in low-income areas.

Trump’s second presidency could see a renewal of his signature tax cuts. He’s pledged to reduce regulations, and the billionaire real ...Read more

Members of President-elect Donald Trump’s transition team have told advisers they plan to make a federal framework for self-driving vehicles one of the Transportation Department’s priorities, according to people familiar with the matter.

If new rules enable wider deployment of cars without human controls, it will directly benefit Elon Musk,...Read more

ST. LOUIS — Aviation giant Boeing Co. laid off more than a hundred workers in the region this week, as the company continues to grapple with serious manufacturing problems on marquee planes, costly labor strife and deep financial woes.

Boeing notified 111 mechanics of the layoffs on Thursday, according to DeLane Adams, a spokesman for the ...Read more

Cargo traffic at the ports of Los Angeles and Long Beach is at record highs.

The two busiest ports in the U.S., which process about a third of all U.S. cargo containers arriving in the U.S., have seen increased activity after a labor dispute shut down major ports on the East and Gulf coasts for three days in October, recently released figures ...Read more

The state agency that owns Philadelphia’s seaport facilities says it’s assisting a federal regulator’s investigation into allegations that one of the port’s terminal operators is abusing its market power.

Investigators with the Federal Maritime Commission have been looking into concerns raised by Philadelphia trucking firm Tri State ...Read more

Negotiations between the International Longshoremen’s Association and port operators stalled this week, making it possible that East Coast dockworkers walk off the job again in January.

The U.S. Maritime Alliance, which represents port operators and shipping companies and the union representing about 2,400 workers in Baltimore’s port left ...Read more

Brad Pitt will reportedly be bringing his claims against Angelina Jolie to court after the exes’ ongoing battle over their French winery was given the green light to head to trial.

A Los Angeles Super Court judge ruled in favor of the Château Miraval case moving to trial, upholding Pitt’s claims of interference regarding shares in the ...Read more

The past nine months, a battle for control of Atlanta-based Norfolk Southern raged in executive suites, letters to shareholders and filings with the Securities and Exchange Commission.

An activist investor, Ancora Holdings Group, wanted new top executives and control of the board. Ancora succeeded in gaining some board seats, but didn’t gain ...Read more

X, the social media app owned by Elon Musk, has sued California in an attempt to block a new law requiring large online platforms to remove or label deceptive election content.

The lawsuit, filed in federal court this week, targets a law that aims to combat harmful videos, images and audio that have been altered or created with artificial ...Read more

General Motors Co. on Friday laid off roughly 1,000 people globally with a majority working out of the automaker's Global Technical Center in Warren, according to a person familiar with the matter.

The layoffs, which were done as part of a reorganizing effort, affect both salary and hourly GM employees and impact multiple departments.

The ...Read more

Tax-reform legislation being planned by President-elect Donald Trump's transition team to revoke an up to $7,500 consumer tax credit for plug-in electric vehicles would do more damage to the Detroit Three's electrification prospects, analysts say, than to a Tesla Inc. led by Trump ally Elon Musk.

Reuters first reported the plans, citing unnamed...Read more