When Menlo Park, California, social media giant Meta executed a plan to slash 5% of its workforce last year, it laid off older workers at much higher rates than younger employees, a lawsuit by one of those workers claims.

Nicolas Franchet alleged in his lawsuit that he was one victim of a purge that saw workers 50 and over take the hardest hit,...Read more

Elon Musk defrauded Twitter Inc. investors when he disparaged the company in 2022 in an effort to buy the social media platform for a lower price than his original $44 billion bid, a jury concluded.

Jurors in federal court in San Francisco found Friday that Musk intentionally misled Twitter shareholders when he tweeted that the social network ...Read more

California’s petroleum watchdog says it’s on the lookout for potential price gouging as gas prices keep climbing in the wake of the war in Iran.

The Division of Petroleum Market Oversight, an independent arm of the California Energy Commission, has issued an enforcement bulletin and says it is “closely monitoring” refining wholesale and...Read more

Elon Musk defrauded Twitter Inc. investors when he disparaged the company in 2022 in an effort to buy the social media platform for a lower price than his original $44 billion bid, a jury concluded.

Jurors in federal court in San Francisco found Friday that Musk intentionally misled Twitter shareholders when he tweeted that the social network ...Read more

Major U.S. equity benchmarks dropped to the lowest level since September amid rising anxiety over the prospect of a prolonged war in the Middle East.

The S&P 500 Index finished 1.5% lower in New York while the tech-heavy Nasdaq 100 declined 1.9%, dragged down by Nvidia Corp. and Micron Technology Inc. Both gauges were down more than 2% earlier...Read more

The Chicago Transit Authority filed a lawsuit against the Trump administration Friday, alleging the feds violated the U.S. Constitution when they froze about $2 billion in federal grant money for the agency’s long-awaited Red Line Extension project.

The CTA says that unless federal Judge Thomas M. Durkin steps in by March 27, it will have to ...Read more

California Attorney General Rob Bonta is asking a judge to unravel Nexstar Media Group’s $6.2 billion acquisition of rival TV station owner Tegna — the latest in a flurry of merger twists.

Nexstar announced late Thursday that it had consummated the Tegna takeover— despite a lawsuit that Bonta and seven other Democratic state attorneys ...Read more

California's economy might see a boost from the state's expanded film and TV tax credits, but local lawmakers say it's not enough.

Despite Gov. Gavin Newsom authorizing an expanded $750-million film and TV tax credit program last summer, the impending merger between Paramount and Warner Bros. and the projected budget cuts that are expected to ...Read more

Nvidia Corp.’s $20 billion licensing deal with artificial intelligence startup Groq is being probed by a pair of Democratic senators over whether it violates antitrust laws by improperly avoiding a merger review and illegally consolidating its power in the market for AI computing.

Sens. Elizabeth Warren from Massachusetts and Richard ...Read more

Costco's CEO and the warehouse club chain's beloved hot dog have entered the ring of fast food leaders sampling their brands' chow on camera as part of a viral social media trend.

The trend was kicked off — perhaps unknowingly — by McDonald’s CEO Chris Kempczinski, whose lackluster nibble of the new Big Arch burger was widely teased by ...Read more

Crossovers are America's hottest vehicle segment. But the company recently named America's "most iconic" — Ford Motor Co. — is missing from the segment and is breaking from competitors in approaching the affordable electric vehicle space with a truck, not a crossover.

The Dearborn, Michigan, automaker, which topped Time Magazine's list of ...Read more

Rocket Companies has begun offering voluntary buyouts to select employees as it continues integrating recently acquired Mr. Cooper and Redfin.

In a statement, the company wrote that the move is a part of an effort to increase efficiency.

“Rocket, Mr. Cooper and Redfin share a vision of a stronger, more connected homeownership platform built ...Read more

Uber is expanding its role in the robotaxi industry through a new partnership with Rivian, the Irvine-based electric-vehicle maker.

Uber and Rivian announced a partnership Thursday that could bring up to 50,000 self-driving R2 vehicles to cities across the U.S., Canada and Europe by 2031.

The Rivian robotaxis would be available exclusively ...Read more

Owners of electric vehicles from Dodge, Jeep, Ram, Fiat and Maserati can now plug into Tesla Inc.'s expansive North American network of chargers using an adapter, Stellantis NV said Thursday.

Stellantis EV drivers can use more than 27,500 Tesla V3 and V4 Supercharger stalls spread across North America after the company initially announced that ...Read more

Artificial intelligence powerhouse Anthropic's battle with the Pentagon has sparked some soul-searching in Silicon Valley that could reshape the tech sector's complicated relationship with war and the White House.

Anthropic is the San Francisco-based startup behind the chatbot Claude and some of the most powerful AI on the market. In its ...Read more

An Alaska Airlines Boeing 737 plane nearly collided with a FedEx Boeing 777 at Newark Liberty Airport in New Jersey on Tuesday, according to the National Transportation Safety Board.

The Alaska plane “overflew” the FedEx aircraft while both jets were attempting to land on crossing runways, the NTSB said in a statement Thursday announcing it...Read more

RICHMOND, Michigan — The compact Ford Maverick Lobo street truck is a treat. Lowered chassis, Turbofan wheels, four-wheel-drift mode. All that’s missing is a supercharged Coyote V-8 engine.

EEEEEEAHWWWRRGH! Say hello to big brother, Ford F-150 Lobo with Supercharger Kit.

The Dream Cruise is gonna freak over this beast. I exited Rapid Road ...Read more

At their best, Chevrolets have always been designed for Middle America, where the high school gym is a coliseum, the marching band is a Roman legion, and Friday night lights are worshipped with the fervor of a televangelist after three cans of Mountain Dew. These cars don’t try to impress, because impressing costs money, and Middle America has...Read more

I don’t want to like this car. Subaru decided to redesign its iconic Outback, a high-riding wagon that virtually invented the crossover segment, with boxy SUV styling that seemingly rejects its wagon origins.

However, if we peel away the new rugged suit, we find the 2026 Subaru Outback Wilderness doesn’t stray far from what very loyal ...Read more

KTLA-owner Nexstar Media Group said it has closed its deal to acquire rival Tegna’s TV stations, despite opposition from eight state attorneys general who filed a lawsuit to block the merger.

The acquisition was approved by the Federal Communications Commission’s Media Bureau and the Justice Department, Irving, Texas-based Nexstar said ...Read more