Oracle hires new CFO with $950K salary as thousands face layoffs
Oracle on Monday announced it hired a new chief financial officer after the software giant moved forward with layoffs last week. The company announced that Hilary Maxson will serve as the new CFO, joining Oracle from French industrial conglomerate Schneider Electric where she served in the same role. Oracle said her appointment to the rule […]
Toyota recalls 73K hybrid vehicles over pedestrian warning sound issue
Toyota is recalling more than 73,000 hybrid vehicles over a pedestrian warning sound issue, according to the National Highway Traffic Safety Administration (NHTSA). Certain 2023–2025 Toyota Corolla Cross Hybrid vehicles are affected by the recall effort because they do not make a loud enough sound while in reverse, making it harder for pedestrians to hear […]
Auto industry trade group urges feds to scrap gas tax and replace it with a vehicle weight fee
The leader of a trade group that represents most major automakers called on the federal government to eliminate its gasoline tax and replace it with a vehicle fee to finance road infrastructure needs. Alliance for Automotive Innovation CEO John Bozzella, whose group represents automakers such as General Motors, Toyota, Volkswagen, Hyundai and other leading car manufacturers, […]
Caffeine without the guilt: How Cambio Roasters is winning the war on single-use plastic coffee pods
Cambio Roasters has put together a “dream team” with experience working in the C-suites of some of the biggest names in the food and beverage industries with the goal of helping to revolutionize the world of single-serve coffee. The team at Cambio Roasters is looking to help Americans have a better-tasting and more sustainable cup […]
San Francisco becomes first US city where diesel prices top $8 a gallon
For the first time on record, average diesel prices in San Francisco have surged past $8 per gallon, according to new data from GasBuddy—marking an unprecedented milestone for any U.S. city. The jump comes as the war with Iran pushes global oil prices higher, underscoring the volatility in fuel markets and how California-specific factors—like stricter […]
Where gas prices are rising fastest as Trump issues fresh warning to Iran
Gas prices are continuing to climb as the ongoing conflict with Iran drives up crude oil costs, pushing prices higher at the pump nationwide. The national average now stands at $4.11 per gallon, up about 86 cents from a month ago, according to AAA. Costs are climbing across nearly every region, with some states already […]
High taxes, over-regulation and risk aversion are strangling the UK economy, experts say
In the 1800s, the United Kingdom was clearly the richest country in the world, with consistent, solid economic growth, a focus on science and engineering, plus all the benefits of trade across the oceans. But now the country seems to have lost its mojo. The country’s living standards have fallen far behind those of other […]
With no missile alerts and a regime’s internet blackout, app offers lifeline to Iranian civilians
As the U.S. and Israel round out a fifth week of war with Iran, some 93 million civilians living inside Iran are stuck in a conflict zone without a missile alert system or access to the internet. Another 4 million people of Iranian origin worldwide are cut off from their friends and family still in […]
California cracks down on luxury car buyers evading taxes through ‘Montana Loophole’
As California faces a billionaire exodus, state officials are continuing to target the wealthy, with a crackdown on individuals who register luxury vehicles out of state to avoid California taxes and registration fees. Known as the “Montana Loophole,” the practice involves California residents purchasing and registering luxury vehicles through a Montana-based limited liability company, LLC, […]
Meta’s Bay Area layoffs affect roughly 200 workers as company pours billions into AI infrastructure
Tech giant Meta is planning to move forward with laying off about 200 employees in the San Francisco Bay Area. The company’s layoffs will affect 124 employees from its site in Burlingame, California, along with 74 in Sunnyvale. Those cuts are expected to take effect in late May, with the Burlingame cuts slated for May […]