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The maker of electric vehicles and trucks has faced numerous challenges as the EV market has cooled, but its CEO is optimistic about Rivian’s future thanks to a joint venture with Volkswagen Group.
SpaceX launched its Starship rocket system on its sixth test flight Tuesday, with Donald Trump in attendance at Starbase, the company’s Texas launchpad.
Elon Musk’s ties to the Trump administration pose potential conflicts of interest for his various businesses that have extensive contracts with the federal government.
With the wind dying down and the humidity rising, some 3,000 fire personnel were making headway Saturday containing the Mountain fire, which has destroyed more than 130 homes and damaged nearly 90 others in Ventura County.
The Federal Trade Commission is accusing Los Angeles cash app Dave Inc. of misleading customers about fees, the amount of money it gives out and when they can get it.
Vitamin Shoppe owner Franchise Group, which was taken private by B. Riley Financial in a troubled deal, has filed for bankruptcy but plans to keep operating most of its businesses.
Analysts expect that struggling Boeing Co. will hold on to its El Segundo satellite programs if it exits the space industry amid stiff competition from SpaceX.
B. Riley announces the sale of a portfolio of assets for $236 million, which will help the struggling Westwood-area financial services firm pay down debt related to buyout deal that went bad.
State Farm is seeking a 30% rate hike, claiming its California unit is in financial trouble. Consumer Watchdog alleges the home insurer is hiding earnings.
Phillips 66 announced Wednesday that it will close its Wilmington-area refinery complex next year but will work with the state to continue supplying fuel to consumers.
