State California Financial News

A Walmart associate operates an autonomous forklift around the distribution center. (Credit: Walmart)

The Commodity Futures Trading Commission (CFTC) is warning against “money mule” scams targeting remote job seekers.

Google I/O Event 2024 Live Updates: Search Giant Google is hosting its annual developer conference, I/O 2024, at the Shoreline Amphitheatre in Mountain View, California starting from today. The event has gained renewed importance after Google's biggest AI rival, OpenAI held a ‘Spring Update’ event on Monday and unveiled its latest large language model, GPT-4o.

Chuck Heinle, a small-business owner in Maryland, was thrilled when electric-vehicle startup Fisker reached out to rent one of his warehouses outside Baltimore. He ended up signing a lengthy lease with the company early last year to use the space as a vehicle-delivery center. “As soon as they contacted me to lease the building, I invested quite a bit of money" in Fisker stock, Heinle said.

The $200,100 winning bid for a private lunch with software titan Marc Benioff might appear disappointing at first glance after years of multimillion-dollar bids for a private meal with investor Warren Buffett

One of California's most influential agricultural companies has filed a lawsuit against the state to stop a contentious law that was meant to make it easier for farmworkers to unionize

Amazon’s self-driving robotaxi unit is being investigated by the U.S. government’s highway safety agency after two of its vehicles braked suddenly and were rear-ended by motorcyclists

General Motors’ troubled Cruise autonomous vehicle unit says it will start testing robotaxis in Arizona this week with human safety drivers on board

Dozens of Republican attorneys general are suing the Biden Administration and California over new limits on truck emissions

President Joe Biden and Newsom, makes a host of products recognizable to most grocery store shoppers, including Halos mandarin oranges, Wonderful Pistachios, POM Wonderful pomegranate juice and Fiji Water brands. Farmworkers aren’t covered by federal rules for labor organizing in the United States.

James Harris Simons, founder of Renaissance Technologies, was a pioneer of quantitative investing (QI) across asset classes. While he was less famous than some of his peers like Charlie Munger and Warren Buffett, he was equally, if not more, successful in investing, outperforming markets with an amazing level of consistency. The popular statistic floating around is that $1,000 in his signature Medallion Fund — known for its consistent gains and only accessible to Renaissance's owners and employees — in 1988 would be worth $42 mn today, compared to $40,000 if invested in S&P 500 and $1,52,000 in Berkshire Hathaway shares over the same period. Today, Renaissance manages $106 bn in assets. As estimated by Forbes, Simons' net worth equates to $31 bn. Simons was a leading philanthropist who gave away billions during his lifetime to support medical and science research and teaching. His journey had been exciting and intriguing. A maths genius, he was only 23 when he received his PhD from the University of California, Berkeley. Subsequently, aside from teaching at prestigious universities, he worked as a breaker of Soviet codes at the Institute for Defense Analyses, a position he held until he had divergent views on the Vietnam War.

Oil companies including Chevron Corp., Canadian Natural Resources Ltd. and Suncor Energy Inc. are pressing the operators of the expanded Trans Mountain pipeline to change certain key specifications to improve the value of the crude the conduit is carrying.

Former Kansas City Federal Reserve Bank President Thomas Hoenig reacts to Jerome Powell saying the Fed is not ready to start cutting rates on 'Cavuto: Coast to Coast.'

The RIA subsidiary of small business 401(k) plans provider Human Interest, Inc. has appointed two retirement and investment industry veterans to its board.

Google I/O 2024 is just around the corner, scheduled to start this year on Tuesday in Mountain View, California. This year's event promises a deep dive into Google's latest innovations, with a focus on software updates, AI advancements, and more. Here's a rundown of the key details you should know.

Srinivas Pallia replaced Thierry Delaporte in the corner room of Bengaluru-headquartered Wipro Ltd, the company is attempting to settle lawsuits it had filed against two former senior executives, according to a review of court filings and two executives aware of the development. Jatin Dalal, former chief financial officer of Wipro, and Mohd Ehteshamul Haque, the company’s former senior vice president and head of healthcare and medical devices business, were sued by India’s fourth-largest IT services company for breach of employment contracts. Both had joined rival Cognizant Technology Solutions Corp less than 12 months after resigning from Wipro.

arrive at Earth on May 12th," the space weather prediction center said in its update. CMEs are powerful solar eruptions or large expulsions of plasma and magnetic fields from the Sun's corona. The major geomagnetic storms are induced by coronal mass ejections (CMEs).

workers at a Maryland Apple store voted on Saturday to authorize a strike, which would mark the first such labor action against the retailer in the United States if it goes forward. Employees at the Apple store in the town of Towson, outside of Baltimore, voted to unionize in 2022 — another first for the iPhone maker's US stores.

Joe Biden has made another verbal gaffe during a recent campaign reception in Portola Valley, California, ANI reported. Biden, made an error in referring to North Korean leader Kim Jong Un as the 'President of South Korea', as per the New York Post. Biden's slip-up occurred while criticising his 2024 opponent and Republican candidate, and former President Donald Trump, for his rapport with the North Korean leader.

North Korea may be a little irked with President Biden as he, during the Presidential campaign reception in California, wrongly identified Kim Jong Un's nationality and country of leadership, according to an NY Post report.

Joe Biden is running for reelection on a record and an agenda — often Donald Trump’s. In a hotel ballroom in Seattle, at fancy homes in California and at stops in Illinois and Wisconsin over the past week, Biden has been betting that reminding voters about Trump's presidency and highlighting his Republican opponent's latest campaign statements will work to the Democrat's advantage.