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Elon Musk loses $27 billion as historic wealth gains unravel
Elon Musk set records last year for one of the fastest streaks of wealth accumulation in history. The reversal is underway... Read More
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Boeing CEO gave up millions in pay last year, though future stock awards loom large
With Boeing in crisis due to the grounding of the 737 MAX and the coronavirus pandemic's hit to air travel, chief executive Dave Calhoun chose last March to forgo his base salary for the rest of the year and his annual ...Read more

John McAfee charged over crypto promotion on top of tax woes
Cybersecurity pioneer John McAfee, in custody in Spain facing U.S. tax charges, was indicted for fraud and money laundering over his use of social media to promote cryptocurrencies, as prosecutors go after illegal activity...Read more

Mark Phelan: Jeep owes the Cherokee Nation; it's time to pay up
It’s time Jeep and Stellantis, the huge automaker that owns the popular and profitable brand, pay their debt to the Cherokee Nation of American Indians. It won’t be easy, it shouldn’t be free, but it’s the right ...Read more

California theme parks, stadiums can reopen as early as April 1 after COVID-19 rules revamped
California theme parks and sports stadiums will be allowed to welcome back visitors far sooner than expected under new guidance the state unveiled Friday.
While the changes don't mean it'll be business as usual at large-...Read more

As Illinois weed sales boom, cannabis industry faces growing movement to unionize
CHICAGO — The Illinois weed industry, fresh off surpassing $1 billion in revenue during its first year of recreational marijuana sales, may already be facing its “Norma Rae” moment of union awakening.
Seeking higher...Read more

Consumer Confidential: Getting Olympics tickets refunded shouldn't be like running a marathon
Mary Olmos had no difficulty obtaining refunds for Lakers games, Los Angeles Philharmonic concerts and other events that were canceled because of the COVID-19 pandemic.
But getting all her money back for the yet-to-be-...Read more

Amazon's telehealth arm quietly expands to 21 more states
An Amazon telehealth outfit that started as a pilot service for Seattle-area employees and their families has quietly filed paperwork to operate in 21 more states, a signal of Amazon’s expanding ambitions for the $3.8 ...Read more

Elon Musk trolls GM, Chrysler on Twitter. Ford CEO responds with 1 word
Just one word.
That's all Ford CEO Jim Farley used to respond to Tesla CEO Elon Musk on Friday.
"Tesla & Ford are the only American carmakers not to have gone bankrupt out of 1000’s of car startups. Prototypes are easy...Read more

Economists ratchet up US growth forecasts on spending plan
Growth prospects for the U.S. economy this year are brightening considerably as Americans get vaccinated from the coronavirus and Congress closes in on another massive fiscal relief package.
The latest Bloomberg monthly ...Read more

Auto review: Second-gen Chevy Bolt EV is a treat. Pity it isn't a Caddy
The second generation, battery-powered Chevy Bolt EV is better than ever. I just wish it were a Caddy.
The 2022 Bolt EV (as in Electric Vehicle) has acquired a stretched version — called the Bolt EUV (Electric Utility ...Read more

Will electric crossovers like Volvo's C40 be the key to mass EV adoption?
With the introduction of its new C40 Recharge on Tuesday, Volvo became the latest automaker to bet that consumers who have so far been cool to the idea of an electric vehicle might change their minds if it comes in a form ...Read more

Debut: Would you believe an electric Porsche station wagon?
The automotive world is changing freaky fast. SUVs have eclipsed sedans. Electric pickup trucks are a thing. Dashboards look like iPads. And Corvette has put the engine behind the driver. What's next?
Would you believe an...Read more

Auto review: 2021 VW ID4 electric SUV challenges leaders like RAV4, CR-V, despite marginal battery range
Volkswagen joins the race to build America’s leading affordable electric vehicle this month with the ID4, a sleek model designed to challenge popular compact — and conventionally powered — SUVs like the Honda CR-V, ...Read more

Auto review: This Buick's beguilingly good looks are hindered by performance that could be better
It may sound shallow, but great design always wins out. It is why Apple has become one of the world’s most highly valued companies, a lesson not lost on Dell and Microsoft. So, I wasn’t expecting to like the redesigned...Read more

The Week Ahead: Inflation worries yielding market nerves
During a cold winter with plenty of snow, a sunny day with temperatures in the upper 30s can feel like spring relief. It still is cold — especially for those of us in south Florida — but the relative warmth can change ...Read more

US job growth surges past estimates; unemployment dips to 6.2%
U.S. employers added more jobs than forecast in February and the unemployment rate declined, suggesting the labor market is clawing its way forward again following several disappointing months.
Payrolls increased 379,000 ...Read more

A year into pandemic, LA's trendy Melrose Avenue still struggling
To the casual observer, Melrose Avenue last Monday afternoon was back in full swing. The sun shone brightly and throngs of fashionistas decked in edgy streetwear prowled the famed shopping district.
People clacked away ...Read more

Ford begins early production of not-yet-announced small pickup truck
A new pickup truck from Ford Motor Co. quietly began rolling off assembly lines at the Dearborn automaker's Hermosillo plant in Mexico last month, according to production data reported to shareholders this week.
The news ...Read more

Universal Studios Hollywood to reopen with a food and shopping event
Nearly a year after it closed because of the pandemic, Universal Studios Hollywood plans to reopen on weekends to let fans buy food, shop and wander throughout most of the 415-acre park that celebrates moviemaking.
The ...Read more
As soybean prices and demand soars, Cargill expands soy processing sites
Cargill Inc. said it will spend $475 million to expand and update soybean processing plants in seven states, raising capacity at a moment when demand and prices are soaring for the nation's second-largest field crop.
The ...Read more
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Popular Stories
- Elon Musk trolls GM, Chrysler on Twitter. Ford CEO responds with 1 word
- Lockheed Martin will close Maryland plant, closing chapter of its corporate history
- Auto review: Second-gen Chevy Bolt EV is a treat. Pity it isn't a Caddy
- Debut: Would you believe an electric Porsche station wagon?
- Ford begins early production of not-yet-announced small pickup truck