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☆ Tesla wins first U.S. Autopilot trial involving fatal crash
▼ + stars: | 2023-10-31 | by ( ) www.cnbc.com time to read: +3 min

The jury verdict represents Tesla's second big win this year, in which juries have declined to find that its software was defective. The trial involved gruesome testimony about the passengers' injuries, and the plaintiffs asked the jury for $400 million plus punitive damages. The electric-vehicle maker also argued it was unclear whether Autopilot was engaged at the time of the crash. During the trial in Riverside, an attorney for the plaintiffs showed jurors a 2017 internal Tesla safety analysis identifying "incorrect steering command" as a defect, involving an "excessive" steering wheel angle. The automaker subsequently engineered a system that prevents Autopilot from executing the turn which caused the crash.

Persons: Tesla, Elon Musk, Micah Lee's, Lee, Matthew Wansley, Wansley Organizations: Tuesday, Court, Cardozo School of Law, Tesla, Reuters Locations: Tesla, California, Riverside County, Los Angeles, Riverside

☆ Abandoned golf courses are being reclaimed by nature
▼ + stars: | 2023-10-27 | by ( Nell Lewis | ) edition.cnn.com time to read: +9 min

CNN —Golf courses, despite occupying large green spaces, are not necessarily good for the environment. Santa Barbara's Ocean Meadows golf course has been returned to its wetland state, which doubles as a flood defense for the city. Rivers and streams are often diverted or altered to make way for a golf course, but conservationists want them to flow freely. In other areas of the country, local councils are repurposing unprofitable municipal golf courses to create more natural spaces. A golf course turned nature reserve, Yalukit Willam can now be enjoyed by the Melbourne residents.

Persons: ”, Guillermo Rodriguez, “, ” California's, Larsen, Rodriguez, TPL, Public Land Rodriguez, Mike Johnson, Frodsham, Michael Owen, “ It’s, Neil Oxley, Boon Organizations: CNN, The Trust, Public, Trust, Public Land, San, Rancho Cañada, Summit Metro Parks, Wildlife, Liverpool, Woodland Trust, Hull, Derbyshire Wildlife Trust, Hove City Council, Bayside City Council Locations: California, ” California's San Geronimo, San Geronimo , California, San Geronimo, California’s Marin County, Meadows , California, Santa Barbara, Meadows, Santa, Cañada , California, Monterey, Carmel, Ventana, Fort Ord, Rivers, Valley , Ohio, Akron , Ohio, Ohio’s, Cheshire, Liverpool, Erewash Borough, Brighton, Willam, Australia, Melbourne, Elwood, Bayside

☆ California Gov. Gavin Newsom meets with China's Xi Jinping to partner on climate agenda
▼ + stars: | 2023-10-25 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Gavin Newsom sat down with Chinese President Xi Jinping on Wednesday to discuss collaboration on addressing climate change amid fragile relations between the United States and China. Newsom is the first governor in four years to visit China and the first California governor to meet with Xi since 2017. The only way we can solve the climate crisis is to continue our long-standing cooperation with China," Newsom said in a statement. The United States as a whole has pledged to zero out its emissions by 2050. In July, U.S. climate envoy John Kerry visited China to revive climate collaboration between the two countries.

Persons: Gavin Newsom, Xi Jinping, Newsom, Republican congressmembers, Kevin McCarthy, Xi, Wang Yi, Yi, Antony Blinken, Jake Sullivan, John Kerry, Nancy Pelosi Organizations: of, Xi, Republican, Foreign, U.S, United, Kerry Locations: California, United States, China, of California, People's Republic of China, Newsom's, U.S, Taiwan, United Nations, Dubai

☆ John Oliver says the Hollywood writers' strike was no vacation
▼ + stars: | 2023-10-25 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

The Hollywood writers' strike was no vacation for talk show hosts, John Oliver says. Oliver discussed the topic on an appearance on "Late Night with Seth Meyers" on Monday. AdvertisementAdvertisementJohn Oliver, the host of "Last Week Tonight," says the Hollywood writers' strike was no vacation. The writers' strike ended on September 27 when the Writers Guild of America secured a deal with the Alliance of Motion Picture and Television Producers for stipulations including better pay, AI safeguards, and minimum staffing. The nearly-150-day strike was the second-longest in the guild's history, only surpassed by the writers' strike of 1988.

Persons: John Oliver, Oliver, Seth Meyers, —, Meyers, Todd Holmes, Stephen Colbert, Jimmy Fallon, Jimmy Kimmel Organizations: Hollywood, Service, Writers Guild of America, Alliance, Producers, California State University, Northridge, Force

A Tesla logo is seen outside a showroom of the carmaker in Beijing, China May 31, 2023. The jury trial, in a California state court, featured testimony from one Tesla employee about Autopilot that the company repeatedly asked to be kept hidden from the public. The lawsuit, filed against Tesla by the passengers, accuses the company of knowing that Autopilot and other safety systems were defective when it sold the car. The electric-vehicle maker also claims it was unclear whether Autopilot was engaged at the time of the crash. But plaintiff lawyers cited testimony from Tesla engineer Eloy Rubio Blanco, who acknowledged during the trial that Tesla understood software on the car could have latent defects.

Persons: Thomas Peter, Micah Lee's, Lee, Tesla, Elon Musk, Eloy Rubio Blanco, Rubio, Dan Levine, Richard Chang Organizations: REUTERS, Tesla, Thomson Locations: Beijing, China, California, Los Angeles

Some observers say his moves are largely consistent with both the views of California voters and the political tone that Newsom struck in his first term. While Newsom delighted labor advocates with many of his signatures, he also angered them with some vetoes. “It’s because that’s what Californians want their governor to be.”Newsom's actions reflect that he is “a consistently left-of-center Democratic governor,” said Wesley Hussey, a political science professor at California State University, Sacramento. Lorena Gonzalez Fletcher, who heads the California Labor Federation, said “it's almost cruel” that workers who go on strike aren't guaranteed insurance benefits. Newsom signed legislation to make sure LGBTQ+ foster youth are placed with families able to support their well-being, train school staff to better support LGBTQ+ students and seal legal gender-change petition documents for minors.

Persons: Gavin Newsom, Newsom, Elizabeth Ashford, Robert Rivas, Jerry Brown, Arnold Schwarzenegger, it's, “, ” Ashford, ”, Wesley Hussey, Mark Baldassare, Lorena Gonzalez Fletcher, ” Newsom, Baldassare, Melissa Romero, Assemblymember Chris Ward, ” Ward, Sen, Shannon Grove, Grove, ‘, ” ___ Sophie Austin, @sophieadanna Organizations: —, Democratic, California State University ,, Public, Institute of California, Hollywood, California Labor Federation, Republicans, California Environmental Voters, Homelessness, California Legislative, Caucus, Republican, Associated Press, America Statehouse News Initiative, America Locations: SACRAMENTO, Calif, — California, California, California State University , Sacramento, ”

LAS VEGAS (AP) — The Southern California street gang leader charged in the fatal shooting of Tupac Shakur in 1996 in Las Vegas will make a court appearance Thursday with a lawyer from one of the city's best-known political families, one that has represented mobsters, athletes and other famous clients. Attorney Ross Goodman told The Associated Press Wednesday he'll appear in Duane “Keffe D” Davis' defense against accusations that Davis orchestrated the drive-by killing of the rap music icon. Davis won't immediately enter a plea, Goodman said, he'll seek another two weeks to confirm that he'll be hired for Davis' case. Goodman is a son of former Las Vegas Mayor Oscar Goodman and current Mayor Carolyn Goodman. In July, a police raid at Davis' home drew renewed interest to Shakur's unsolved murder, one of hip-hop music’s enduring mysteries.

Persons: Tupac Shakur, Ross Goodman, Duane “ Keffe, ” Davis, Davis, Goodman, he'll, Davis ’, Oscar Goodman, Carolyn Goodman, Damon Arnette, Anthony “ Tony, Spilotro, Michael Spilotro, Chris Lammons, Alvin Kamara, Biggie Smalls, Christopher Wallace, Compton . Davis, Shakur, Marion “ Suge, Knight Organizations: LAS VEGAS, Associated Press, Edi, AP, Las Vegas, Las Vegas Raiders, Indianapolis Colts, New Orleans Saints, Las, Pro Locations: Southern California, Las Vegas, Compton , California, Henderson, Nevada, Los Angeles, Faal, ”, Indiana, Chicago, Compton ., Compton

After AP contacted Kennedy and others involved in the book last week, the president of Skyhorse Publishing, which co-published the book, texted the Faheys. She declined all vaccines for her son after buying into the insistence by Kennedy and other anti-vaccine “gurus” that vaccines cause autism. But people involved in the response said Kennedy and the anti-vaccine activists he supported made things worse. In June 2019, Kennedy and his wife, the actress Cheryl Hines, visited Samoa, a trip Kennedy later wrote was arranged by a local anti-vaccine influencer. He also met with anti-vaccine activists, one of whom wrote on Instagram that the meeting was “profoundly monumental ... for this movement."

Persons: Robert F, Kennedy Jr, Kennedy, Sen, John F, Braden Fahey didn’t, Kennedy's, ”, Gina Fahey, Skyhorse, Tony Lyons, Braden, Lyons, Lydia Greene, Greene, “, ” Greene, Cheryl Hines, Helen Petousis, Harris, ” Kennedy, Richard Pan, Pan, Anthony Fauci Organizations: AP, Skyhorse Publishing, SAMOA, Facebook, Associated Press Locations: Canadian, Alberta, U.S, Samoa, New Zealand, California, Sacramento, America

☆ What to Know About the 4 Food Additives Banned by California
▼ + stars: | 2023-10-18 | by ( Dana G. Smith | More About Dana G. Smith | ) www.nytimes.com time to read: +1 min

California has banned four common food additives — Red Dye No. 3, potassium bromate, brominated vegetable oil and propylparaben — through the California Food Safety Act. After that, any person or entity that manufactures, sells or distributes food products in California that contain the additives can be fined up to $5,000 for a first violation and up to $10,000 for each additional violation. Here’s what to know about the ingredients, why they were banned and what it means for you, whether you live in California or elsewhere. What are the additives, and what food products are they in?

Persons: Gavin Newsom, Dye Organizations: California Food, ”, California State Locations: California

☆ Opinion: What comes after Hamas?
▼ + stars: | 2023-10-17 | by ( Sheena Mckenzie | Opinion Seth Moulton | ) edition.cnn.com time to read: +7 min

CNN —Twenty years ago this month, I was a young Marine lieutenant marching down a California street in an Iraq War victory parade. It was the right decision to kill insurgents without losing more Marines, but leveling a school doesn’t win you a lot of hearts and minds. To be sure, there are some fundamental differences between Israel’s war with Hamas and America’s war in Iraq. Our First Marine Division motto in Iraq, under General Mattis, was “no better friend, no worse enemy.” I want Hamas to know no greater enemy than the Israeli Army, and I want to see every Hamas fighter defeated. There are a lot of peace-loving Palestinians in Gaza who loathe Hamas, but it’s up to the Israeli Army to prove themselves better friends.

Persons: Seth Moulton, Read, CNN —, Saddam Hussein, Seth Moulton Seth Moulton, David Petraeus, “, ”, Petraeus, Israel, Ahmad Hasaballah, Stan McChrystal, let’s, they’ve, hasn’t, Benjamin Netanyahu, General Mattis, Israel can’t, ” — Organizations: Democrat, Marine Corps, Massachusetts, Congressional District, CNN, Iraqi Army, Army Special Forces, Marines, Getty, Israeli Army, First, Hamas Locations: California, Iraq, Israel, Gaza, America, Afghanistan, Iraqi, Najaf

☆ You can make a decent return in fixed income, says CalSTRS' Chris Ailman
▼ + stars: | 2023-10-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYou can make a decent return in fixed income, says CalSTRS' Chris AilmanChris Ailman, California State Teachers Retirement Systems CIO, joins 'Squawk on the Street' to discuss Ailman's appetite for equities, whether it's more attractive to lock in longer-term rates in today's market, and more.

Persons: CalSTRS, Chris Ailman Chris Ailman Locations: California

☆ 3D-weaving tech that uses body-scan data from shoppers could mean a better fit, fewer returns, and a zero-waste future for fashion
▼ + stars: | 2023-10-12 | by ( Jake Hall | ) www.businessinsider.com time to read: +10 min

But 3D manufacturing, including printing and weaving, is helping create a zero-waste future. AdvertisementAdvertisementIn the late 1990s, the designer Issey Miyake unleashed his game-changing A-POC project, an early attempt at zero-waste fashion. Existing innovations are being fine-tuned daily, and creators are dreaming up ways to turn zero-waste fashion from a utopian dream into a reality. Despite these restrictions, Pasricha's designs were proof that zero-waste 3D printing was possible, especially with small designs such as buttons and jewelry. AdvertisementAdvertisementThe tech isn't there yet to ensure a zero-waste fashion industry, for various reasons.

Persons: —, Issey Miyake, Kevin Martin, Ashley Batz, Unspun, Martin, you'll, Catherine University's, Pasricha, Iris van Herpen, Martin lauds, Vega Organizations: Service, Oakland microfactory, Rhino Locations: California, Lam, — St

In March, the Democratic governor announced a plan to gift several California cities hundreds of tiny homes by the fall to create space to help clear homeless encampments that have sprung up across the state’s major cities. More than 171,000 homeless people live in California, making up about 30% of the nation’s homeless population. The state has spent roughly $30 billion in the last few years to help them, with mixed results. Officials also pointed to a new law signed by Newsom in July to streamline construction of tiny homes. “It’s going to help thousands of people who are going to benefit because of the comprehensive nature of the approach here.”Sacramento and the state have also agreed to place the other 175 tiny homes at the California state fairgrounds.

Persons: Gavin Newsom, Newsom's, Newsom, it’s, ” Hafsa Kaka, “, We’ve, Darrell Steinberg, “ It’s Organizations: Gov, Democratic, Sacramento Bee, WellSpace Health, Sacramento, Transportation Authority Locations: SACRAMENTO, Calif, Sacramento, California, Los Angeles, San Jose, San Diego, ” Sacramento, Santa Clara

☆ China funds look to Mideast cash as US investments wane
▼ + stars: | 2023-10-10 | by ( Summer Zhen | ) www.reuters.com time to read: +4 min

Seven China equity funds, including hedge funds and mutual funds, running more than $500 billion in combined assets, told Reuters they visited the Middle East this year to raise money, three of them for the first time. The search for new capital could affect Asia's hedge fund scene, where China firms account for more than half the market. "In the past perhaps the holy grail of capital raising was the U.S.," said Effie Vasilopoulos, co-Leader of law firm Sidley Austin's Asia-Pacific investment funds group. So that dynamic is leading many of our clients to the Middle East." However, sovereign funds in the Middle East have been large buyers.

Persons: Aly, Effie Vasilopoulos, Sidley, Steven Luk, Erin Wu, Wong Kok Hoi, Wong, Summer Zhen, Tom Westbrook, Jacqueline Wong Organizations: REUTERS, Seven, Reuters, FountainCap Research & Investment, OP Investment Management, POLITICO, Big U.S, ' Pension, California State Teachers, APS, Thomson Locations: Shanghai, Shenzhen, China, HONG KONG, Seven China, U.S, Asia, Pacific, Europe, Australia, Hong Kong, Texas, Singapore, Middle Eastern

☆ As more colleges are promising high schoolers guaranteed admission, 'everybody wins,' expert says
▼ + stars: | 2023-10-10 | by ( Jessica Dickler | ) www.cnbc.com time to read: +6 min

Sonoma State University Courtesy: Sonoma State UniversityTo help make college a reality, Sonoma State University is trying a relatively new approach: High school students who have completed the requisite coursework and have a minimum 2.5 high school GPA are now "guaranteed admission" to the Rohnert Park, California-based school. Last spring, the State University of New York sent automatic acceptance letters to 125,000 graduating high school students. College enrollment is droppingSonoma State University Courtesy: Sonoma State UniversityStill, fewer students are going to college. More high schoolers want career trainingMost Americans still agree a college education is worthwhile when it comes to career goals and advancement. High schoolers are putting more emphasis on career training and post-college employment, the nonprofit found after polling more than 5,000 high school students six times since February 2020.

Persons: Ed Mills, Mills, Robert Franek, Franek, Lakhani, Doug Shapiro, Cole Clark, Connie Livingston Organizations: Sonoma, Sonoma State University, California State University, Finance, Princeton, Virginia Commonwealth University, State University of New York, Sonoma State University Still, Nationwide, CNBC, National Center for Education Statistics, Student Clearinghouse Research, College Board, Public, USA, ECMC Group, Junior Achievement, Citizens, Brown University Locations: , California, Sonoma State, Richmond , Virginia, New York, U.S

☆ California says goodbye to junk fees — no more hidden charges that aren't advertised up-front
▼ + stars: | 2023-10-09 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

California governor Gavin Newsom has signed into law a new bill that outlaws hidden junk fees. The Consumer Financial Protection Bureau estimates that Americans spend at least $29 billion a year on junk fees. AdvertisementAdvertisementThe nonprofit watchdog Consumer Reports estimated in 2019 — based on a survey of more than 2,000 US adults — that 85% of Americans have been charged hidden junk fees. President Joe Biden has made combating junk fees a key priority for his administration since 2022. Biden said in July that "folks are tired of being played for suckers" as he announced measures cracking down on junk fees in the rental housing market.

Persons: Gavin Newsom, —, Sen, Bill Dodds, Nancy Skinner, Vicki Morwitz, Morwitz, Joe Biden, Biden Organizations: Consumer Financial, Service, NBC, SB, Consumer, Bureau, CBS, Columbia Business School Locations: California

REUTERS/Carlos Barriaof Acquire Licensing RightsOct 7 (Reuters) - California Governor Gavin Newsom on Saturday vetoed a bill passed recently by the state legislature to explicitly ban caste discrimination, citing exiting laws that already prohibit ancestry discrimination, which made the bill "unnecessary." Had Newsom signed the bill, officially called Senate Bill 403 or SB 403, California would have become the first ever U.S. state to explicitly ban caste discrimination. U.S. discrimination laws ban ancestry discrimination though they do not explicitly mention a prohibition on casteism. Activists opposing caste discrimination said it is no different from other forms of discrimination like racism and hence should be outlawed. In California itself, last month, Fresno became only the second U.S. city to ban caste discrimination after a unanimous city council vote.

Persons: Carlos Barriaof, Gavin Newsom, Newsom, Aisha Wahab, Sundar Pichai, Satya Nadella, Arvind Krishna, Kanishka Singh, Grant McCool Organizations: REUTERS, Democratic, Seattle, U.S, Microsoft, IBM, Thomson Locations: Francisco's, San Francisco , California, U.S, California, South, Afghan American, North America, Canada, Fresno, Silicon Valley, India, Washington

Newsom's veto marked a rare but consequential setback in the movement against caste discrimination that had picked up momentum this year in North America. Had the bill been signed into law, California would have become the first U.S. state to explicitly ban caste discrimination. Here are some examples of recent policy steps across North America to fight caste discrimination:SEATTLEIn February, Seattle became the first U.S. city to outlaw caste discrimination after its local council voted to add caste to the city's anti-discrimination laws. FRESNOIn September, Fresno, California, became only the second U.S. city to ban caste discrimination after a unanimous city council vote. CALIFORNIAA bill to ban caste discrimination in California was introduced and authored by Democratic state Senator Aisha Wahab, an Afghan American, in March.

Persons: Gavin Newsom, Aisha Wahab, Newsom, Kanishka Singh, Jamie Freed Organizations: California State University, Brown University, Ivy League, Harvard University, Democratic, Thomson Locations: California, North America, U.S, SEATTLE, Seattle, TORONTO, Canada, FRESNO, Fresno , California, CALIFORNIA, Afghan American, Washington

☆ Kevin McCarthy denies reports he is considering resigning from Congress
▼ + stars: | 2023-10-06 | by ( Jonathan Allen | Rebecca Shabad | ) www.cnbc.com time to read: +3 min

Speaker of the House Kevin McCarthy, R-Calif., conducts a news conference in the U.S. Capitol on border security, government funding, and other issues, on Friday, September 29, 2023. WASHINGTON — Rep. Kevin McCarthy, R-Calif., who was ousted as House speaker this week, shot down reports that he was considering an early departure from Congress and said Friday that he won't be stepping down. His comments came shortly after two people familiar with the situation told NBC News said McCarthy was considering resigning. Asked whether he planned to remain a member of Congress, McCarthy said, "I'll look at that." Rep. Kevin Hern, R-Okla., chairman of the Republican Study Committee, is also considering jumping into the race.

Persons: Kevin McCarthy, McCarthy, he's, —, John Boehner, Paul Ryan, they're, Steve Scalise, Jim Jordan, Jordan, Donald Trump, Kevin Hern Organizations: U.S, Capitol, WASHINGTON — Rep, NBC News, Politico, GOP, Republican, Assembly, House Republicans, Republicans, Committee Locations: Ohio, Washington, California

Below is a list of Musk's legal entanglements. The SEC had said in May 2022 that it was looking into Musk's disclosures about his stake in company. $56 BILLION TESLA COMPENSATION LAWSUITA ruling is also expected soon following a non-jury trial challenging Musk's $56 billion pay at Tesla. EMPLOYMENT DISPUTESMusk's major companies Tesla, SpaceX and the X social media platform are embroiled in several legal disputes alleging age, gender or race-based discrimination. LAWSUITS SPARKED BY MUSK'S TWEETSMusk's tweets on the social media platform that he now owns has often courted controversy and been the subject of legal trouble.

Persons: Elon Musk, Chuck Schumer, Leah Millis, Musk, X, Tesla, Donald Trump, Tom Hals, Jaspreet Singh, Zaheer Kachwala, Noeleen Walder, Matthew Lewis, Rod Nickel Organizations: Intelligence, Senate, U.S, Capitol, REUTERS, Twitter, U.S . Securities, Exchange Commission, SEC, Tesla, SpaceX, U.S . Justice Department, California's Department of Civil Rights, U.S . National Labor Relations Board, U.S . SEC, Supreme, Wall Street, Thomson Locations: Washington , U.S, Florida, California, San Francisco, U.S, Los Angeles, Manhattan, Wilmington, Del, Bengaluru

☆ Starbucks is closing 7 San Francisco stores, as it expands delivery and new store formats. Here's the full list of closing locations.
▼ + stars: | 2023-10-04 | by ( Alex Bitter | Gloria Dawson | ) www.businessinsider.com time to read: +3 min

Starbucks is closing seven locations in San Francisco as the chain cuts back on a dense store network. Many retailers have closed stores in downtown San Francisco, citing low foot traffic and crime. AdvertisementAdvertisementStarbucks is closing seven stores in San Francisco as it renovates others and adds a pickup-only location. AdvertisementAdvertisementEven without the planned closures, Starbucks operates fewer stores in San Francisco than it did several years ago. Starbucks has "opened or re-opened" three locations in San Francisco over the last six months, the company spokesperson told Insider.

Persons: it's, —, Geary, Van, Yves Saint, Laurent Organizations: Starbucks, Service, San Francisco Business Times, Safeway, Geary St, California St, Employees, Business Times, Times, Restaurant, Nordstrom Locations: San Francisco, California, Van Ness

☆ Ex-Tesla factory worker loses bid for new trial in race bias
▼ + stars: | 2023-10-04 | by ( ) www.cnbc.com time to read: +3 min

An aerial view of the Tesla Fremont Factory on May 13, 2020 in Fremont, California. A Black former factory worker for Tesla lost his bid on Wednesday for a third trial in his race discrimination lawsuit against the electric carmaker, after a California federal judge rejected his claims that the company's lawyers had engaged in misconduct and tainted his trial. Equal Employment Opportunity Commission last week, to allege rampant racial harassment at Tesla's flagship Fremont, California assembly plant. The judge ordered the second trial to determine damages after Diaz turned down a lower payout of $15 million. Orrick barred both sides from presenting new evidence or testimony at the second trial, which took place in March.

Persons: Tesla, William Orrick, Owen Diaz, staving, Diaz, baselessly, Orrick Organizations: Tesla Fremont Factory, U.S, Commission Locations: Fremont , California, California, San Francisco, Fremont

☆ Trump gets kicked off Forbes 400 list of richest Americans
▼ + stars: | 2023-10-04 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN Business —As Donald Trump scrambles to defend his business empire in court, the former president has suffered another blow: dropping off The Forbes 400 list of the richest Americans. Unlike the steady or growing fortunes of Forbes 400 leaders Elon Musk, Jeff Bezos and Larry Ellison, Trump’s net worth took a double-digit hit. Trump launched Truth Social in February 2022, envisioning it as a credible threat to Facebook and Twitter. Trump was previously booted from The Forbes 400 in 2021 and in 1990 when he faced severe financial stress. As Forbes notes, Trump “lied” to the magazine in a successful effort to make the Forbes 400.

Persons: Donald Trump scrambles, Trump, Elon Musk, Jeff Bezos, Larry Ellison, Forbes, Trump’s, Taj Mahal, Trump “, ”, “, Fred Trump, ” Forbes, John Barron, ” Jonathan Greenberg Organizations: New York CNN Business, Forbes, Facebook, McKinsey Global Institute . San, Whole Foods, Target, Nordstrom, Starbucks, Bank of America Center, Trump, Taj, Trump Castle Associates, Trump Organization, CNN Locations: New York, United States, McKinsey Global Institute . San Francisco, San Francisco, California, Manhattan, Americas, midtown Manhattan

Equal Employment Opportunity Commission last week, to allege rampant racial harassment at Tesla's flagship Fremont, California assembly plant. The judge ordered the second trial to determine damages after Diaz turned down a lower payout of $15 million. Tesla and lawyers for Diaz did not immediately respond to requests for comment. Orrick barred both sides from presenting new evidence or testimony at the second trial, which took place in March. Diaz claimed that Tesla's lawyers violated that directive by questioning him and other witnesses about alleged altercations between Diaz and other workers, which had not come up at the first trial.

Persons: Thomas Peter, Tesla, William Orrick, Owen Diaz, staving, Diaz, baselessly, Orrick, Daniel Wiessner, Lisa Shumaker, Alexia Garamfalvi Organizations: REUTERS, U.S, Commission, Thomson Locations: Beijing, China, California, San Francisco, Fremont , California, Fremont, Albany , New York

☆ How a California hedge fund bulldozed the state's labor laws to impose some of the harshest noncompetes on Wall Street
▼ + stars: | 2023-10-03 | by ( Alex Morrell | ) www.businessinsider.com time to read: +23 min

That's partly why so few quantitative trading firms reside in California, whose labor-friendly laws have long favored employee mobility and competition. Exhibit A: The Voleon Group, a prominent quantitative-trading firm based in Berkeley, California, that manages about $5 billion in assets. The hedge fund has bulldozed past state prohibitions to not just impose noncompetes, but impose some of the harshest noncompetes in the entire industry, according to seven former employees, industry experts, and documents detailing the firm's restrictive covenants. Like so many other quant-trading firms, Voleon took care to protect its edge. Other employees Insider spoke with have a less generous view, with several describing the company as stingy — a third ex-employee bemoaned the company as "notoriously cheap" on compensation.

Persons: Kathy Hochul's, haven't, Michael Kharitonov, Jon McAuliffe, Shaw, — Kharitonov, McAuliffe, Voleon, —, Harry Lipman, Rottenberg Lipman Rich, Lipman, bemoaned, noncompetes, Martin Wainwright, Howard Aiken, Wainwright, hasn't, It's, Jessica Riggin, Rukin Hyland, Riggin, specter, James Hannaway, Sanford Heisler Sharp, Hochul, Rob Bonta, Sen, Anna Caballero, foisting, Caballero, Voleon's Organizations: New, Gov, University of California, Stanford, UC Berkeley, Wall Street, Google, Citadel, Sigma, That's, Big Tech, Darwin, MIT, Berkeley, California, Labor Locations: New York, California, Berkeley , California, University of California Berkeley, Berkeley, Voleon, Delaware, Washington ,

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