SAN FRANCISCO — On election night, as Republican Donald Trump inched closer to reclaiming the U.S. presidency, some tech executives and venture capitalists rejoiced.

“The people of America gave@realDonaldTrump a crystal clear mandate for change tonight,” Elon Musk posted on his social media platform X, formerly known as Twitter.

The ...Read more

Stellantis NV said Wednesday it plans to cut a shift at its Toledo plant that builds Jeep Gladiator pickups, which will result in about 1,100 indefinite layoffs by early next year.

The move from two to one shifts does not come as a surprise, with Gladiator sales slowing this year and the automaker seeking to slash pent-up inventories of the ...Read more

Financial markets caught fire the day after Republican Donald Trump’s victory, a signal investors think the next president will be good for business.

The Dow Jones Industrial Average rocketed 1,508 points higher in Wednesday trading as other indices also notched big gains. Tesla Inc. shares surged as much as 15% as investors wager the ...Read more

A Santa Clara, California, man pleaded guilty this week to fraud for illegally obtaining H-1B visas to use for his company that provides workers for Bay Area technology firms.

Kishore Dattapuram, 55, entered his guilty plea Monday in U.S. District Court in San Jose, California. Along with two other men, Santosh Giri of San Jose, and Kumar ...Read more

When Hurricane Helene damaged western North Carolina in September, filling medical facilities with people who couldn’t be cared for at home, Jim Polk, a tech executive at Exela Pharmaceutical Sciences in Lenoir, North Carolina, got a call from the Atrium Health hospital group in flooded Asheville. Could his company make intravenous saline bags...Read more

When COVID-19 vaccines started becoming widely available in early 2021 and demand for ride-hailing services began to recover, Bay Area company Lyft launched a nationwide campaign to recruit drivers with promises of lucrative pay.

“Start driving and earn up to $44/hour,” said an online Lyft ad targeting San Francisco, while another ad ...Read more

Silicon Valley is bracing for a vastly different relationship with the U.S. government as Donald Trump returns to the White House with promises to undo many of his predecessor’s policies and Elon Musk poised to play an influential role.

On artificial intelligence, Trump has vowed to rip up an executive order from President Joe Biden aimed at ...Read more

One Apple employee was allegedly threatened with unspecified reprisals if they talked about their performance bonus. Another was purportedly ordered to delete a post on social media about how to continue working remotely at the company. One was allegedly told to stop talking about pay on internal messaging systems and warned that the tech giant ...Read more

The Federal Trade Commission is accusing Los Angeles-based cash app Dave Inc. of misleading its financially vulnerable customers about fees it charges and the amount of money it gives out.

In a complaint filed Tuesday, the agency alleges that while Dave advertises it offers $500 advances "instantly," only a "miniscule" number of customers ...Read more

U.S. stocks soared Wednesday in the wake of Donald Trump's sweeping election victory as investors priced in potential gains for a wide range of industries and a near-term boost to economic growth.

In early trading, the Dow Jones industrial average surged more than 1300 points, or about 3%, with expectations that a second Trump presidential term...Read more

CHICAGO — Owners of vehicles parked in bike and bus lanes downtown can now receive warnings and, soon, tickets in the mail, as a delayed program to test automated ticketing for the parking infractions has begun.

The pilot program, which uses cameras on eight city vehicles to enforce parking violations, began Monday. For the first month ...Read more

DETROIT — General Motors Co. is pushing ahead with its reentry into Europe using a direct-to-consumer electric-vehicle sales model despite a slumping market there — and experts contend the play could pay off for the Detroit automaker.

GM started selling the Cadillac Lyriq EV in Europe last year and has opened what it calls Cadillac City ...Read more

Ford Motor Co.'s commitment to pay for home electric vehicle chargers and their installation didn't prevent the automaker from reporting an 8.3% decrease in U.S. electric vehicles sales in October compared to a year ago, its first year-over-year decline since January.

The Dearborn automaker, starting Oct. 1, said buyers through the rest of the ...Read more

Walmart’s $7.5 million settlement with California Attorney General Rob Bonta over the company’s alleged dumping of toxic waste into municipal landfills made headlines last month as an environmental win for the state.

But what got less attention is that it is just the latest in California’s aggressive crackdown on environmental injustice ...Read more

Bitcoin jumped to a record as traders around the world watched results trickle in from a U.S. presidential election that pits digital-asset supporter Donald Trump against Kamala Harris, who served as vice president during a government crackdown on the industry.

The original cryptocurrency rose more than 8%, rising above $75,000 as of 10:08 p.m....Read more

LeBron James’ production company, the SpringHill Co., is in talks to merge with Fulwell 73, the London-based studio behind “The Kardashians,” according to a person familiar with the matter who was not authorized to speak publicly.

Financial details of the potential agreement were not immediately available.

The SpringHill Co. declined to ...Read more

Coca-Cola and its rival PepsiCo are entangled in a lawsuit filed in California that alleges they misled the public about the recyclability of their plastic bottles.

Los Angeles County filed suit against the corporations last week, claiming the two made consumers believe that purchasing their products in single-use plastic is an environmentally ...Read more

About 70 union production workers have gone out on strike at a Woodbridge Corp. factory in Lithonia, Georgia.

Members of the United Auto Workers Local 472 want raises and better benefits, including sick days, according to union officials and workers.

The plant makes seating and dashboard components for manufacturers of cars and golf carts. Its...Read more

California will receive $122 million in a settlement agreement with Kroger, the grocery chain and parent company of Ralphs, to resolve lawsuits over its alleged role in the opioid crisis and how its pharmacies dispensed prescription painkillers to customers.

The payment finalizes a deal the company struck last year to resolve nearly all the ...Read more