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Tesla notifies thousands in Texas and California of impending layoffs

“Varney & Company” host Stuart Varney discusses whether Elon Musk’s latest technology bet will pay off for investors. Tesla has notified thousands of employees in two states that they will be laid off in an upcoming round of layoffs. The notifications in California and Texas, where electric vehicle (EV) manufacturers have a large presence, were […]

Fed up with traffic-blocking protests, California Dems back GOP bill to double fines

Some California Democrats are fed up with recent anti-Israel protests in the state, and a Republican-led bill would double fines for protesters who block major roads and stop emergency vehicles. is supported. Politico reported A bill authored by Republican lawmakers passed a key committee vote on Monday at the Capitol with key support from four […]

California utility companies avoid crackdown on ad spending and mishandling of funds

California lawmakers struck down a proposal on Monday that would have further regulated how utility companies spend money in the state. According to consumer groups, utility companies are exploiting loopholes in rules surrounding illicit spending on advertising and lobbying with customer money. The new legislation would have worked toward closing those loopholes and levying fines […]

California May Hit Residents with Fixed Utility Rates in Push for ‘Clean Energy’

California residents, led by Democratic Gov. Gavin Newsom, could soon be hit with a fixed electricity rate as part of the state’s green energy push. The California Public Utilities Commission is scheduled to vote on May 9, 2024, on whether the state’s largest electric utility can issue fixed rates, CalMatters reported. report Monday. The article […]

California unemployment fund ‘insolvent’ due to $55B fraud, businesses to pay

(The Center Square) – California’s unemployment insurance fund is “structurally insolvent” due to $55 billion in fraud and overpayment during COVID-19 crisis, leading to a growing $21 billion unemployment benefits loan from the federal government the state is unable to pay down.  While the state seeks loan forgiveness from the Acting United States Secretary of Labor, who […]

New California would ban line skipping service ‘Clear’ from airports in name of equity

See what’s being clicked on FoxBusiness.com A new bill proposed in California would ban rapid security screening company Clear from operating at the state’s airports, effectively giving wealthy Americans the ability to wait in line to be screened by the Transportation Security Administration. Proponents argue that the service raises fairness issues because it forces passengers […]