MOUNTAIN VIEW, California — General Motors has launched a West Coast tech hub in Mountain View, an innovation center the company hopes will help the iconic automaker fend off increasingly fierce industry foes.

“We are growing in the Bay Area,” Mary Barra, General Motors’ chief executive officer, said during an event to formally kick off...Read more

DETROIT — A former United Auto Workers official convicted in the landmark corruption scandal that led to prolonged federal oversight of the Detroit-based union has failed to pay almost $225,000 in restitution, prosecutors said Wednesday.

Vance Pearson, the former director of the largest United Auto Workers region in the country, owes $224,864...Read more

Wells Fargo bank has been accused of “aiding and abetting” an alleged $300 million Ponzi scheme that reportedly bilked more than 1,000 victims, many who were elderly and lost their life savings.

According to a lawsuit filed on May 9 in Palm Beach, Florida, Circuit Court by the receiver appointed in the case, the bank failed to stop ...Read more

Eight TikTok creators sued the U.S. government on Tuesday, alleging their rights to free speech are being violated by a new federal law that would ban the social video app if its Chinese owner doesn’t sell it.

U.S. politicians have raised security concerns about the app, saying that TikTok’s ties to its Chinese parent company, ByteDance, ...Read more

In the fifth straight week of layoff announcements, Tesla said it is now concentrating on reducing staff at its Bay Area facilities as part of a larger move to cut jobs globally.

State filings show that Tesla is planning to lay off 378 employees at its Fremont, California, facilities and 233 at its Palo Alto offices.

The layoffs will occur ...Read more

WASHINGTON — Auto industry experts warn that new Biden administration tariffs aren't a silver bullet against Chinese competition.

President Joe Biden announced the tariffs Tuesday, targeting $18 billion worth of Chinese goods including electric vehicles, lithium-ion batteries and their components, steel, semiconductors and more.

"We're not ...Read more

The Bay Area’s wobbly tech industry is showing signs of stabilizing after suffering years-long waves of wrenching layoffs unleashed by the sector’s quest for improved efficiency.

While job losses at major companies like Tesla still haunt the region’s tech industry, which is being battered by staffing reductions, plant shutdowns, ...Read more

A measure of underlying U.S. inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.

The so-called core consumer price index — which excludes food and energy costs — climbed 0.3% from March, snapping a streak of three ...Read more

The disinflation process appears to be intact, even if it’s happening in fits and starts.

The Bureau of Labor Statistics reported Wednesday that its core consumer price index rose 0.3% in April from a month earlier, the slowest pace of the year. At the same time, a separate report showed that control-group retail sales — used to calculate ...Read more

Government data released Wednesday show that inflation eased a bit in April, but remains at a relatively high level. The latest report isn't likely to lift the grim mood that much of the public has toward an otherwise solid economy.

Though incomes have generally risen more than consumer prices, the overall rate of inflation remains stubbornly ...Read more

Red Lobster promised customers an endless supply of shrimp for $20 — a gamble the struggling restaurant chain hoped would help pull it out of its pandemic doldrums.

But Americans, and their appetites, had other plans.

The beloved yet beleaguered pillar of casual dining abruptly shuttered dozens of locations this week, heightening speculation...Read more

Here are a few more gift ideas for this year’s graduates.

From a very thin and light phone grip to a very comfy desk chair, there’s bound to be a gift idea your grad will love. I’ve included list prices. You may find these items cheaper if they are on sale.

ohsnap! Snap 4 Luxe ($39.99, ohsnap.com)

I have to admit, I am late to the phone...Read more

LOS ANGELES — It was Friday the 13th when the first 99 Cents Only store opened in 1982 on La Tijera Boulevard.

To commemorate the grand opening, founder David Gold sold television sets for 99 cents to the first 13 customers. He had developed his affinity for the price point while working at a liquor shop at Grand Central Market downtown, when...Read more

Boeing violated an agreement that allowed it to avoid criminal charges following two fatal 737 Max crashes, U.S. Justice Department attorneys announced Tuesday as they revived a prosecution paused three years ago.

That prosecution has been on hold since 2021, when Boeing and federal prosecutors struck a contentious agreement that required the ...Read more

Minnesota health insurance regulators are imposing a $450,000 fine against UnitedHealthcare over allegations the Minnetonka-based company failed to comply with mental health parity laws.

The settlement announced Tuesday is the third and largest in a series of consent orders since May 2023 between the state Department of Commerce and health ...Read more

Adam Selipsky is stepping down as head of Amazon’s cloud computing division, one of the most profitable arms of the company and the focal point of its efforts in artificial intelligence.

Matt Garman, senior vice president for Amazon Web Services sales, marketing and global services and an 18-year Amazon veteran, will take over as head of AWS ...Read more

Amazon will open a new logistics center in Everett, Washington, for its broadband satellite network, Project Kuiper, expanding its ability to design, test and manufacture satellites in the Puget Sound region.

At the 184,000-square-foot facility, Project Kuiper workers will receive and sort supplies that will then be used to construct thousands ...Read more

A once-bustling but worn-down industrial Brooklyn marine terminal could be converted into a mixed-use area, perhaps including housing, officials said Tuesday.

Mayor Adams said the city aims to “reimagine” the 122-acre port, which is nestled between Red Hook and the Columbia Street Waterfront District. The terminal is set to be transferred ...Read more