Sam Altman, CEO of OpenAI (L) and Elon Musk, CEO of Tesla. Reuters OpenAI on Monday sent a letter to the California and Delaware attorneys general, urging them to investigate “improper and anti-competitive behavior” by Elon Musk and his associates, as a high-profile trial nears between the two sides. In the letter, OpenAI strategy chief…
D. John Sauer, then special assistant to the Louisiana attorney general listens during a hearing with the House Judiciary Subcommittee on the Weaponization of the Federal Government on Capitol Hill on July 20, 2023. Anna Moneymaker | Getty Images News | Getty Images A lawyer for the Trump administration during arguments at the Supreme Court…
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Major luxury stocks have fallen 15% or more since the Iran war started, and sales in the increasingly important Middle East market could…
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Washington state’s proposed new income tax includes the largest “marriage penalty” in the nation, placing higher taxes on certain couples who file jointly,…
Tesla has filed a lawsuit against the California Department of Motor Vehicles in an attempt to overturn the agency’s decision. The state DMV ruled that Tesla used deceptive marketing to enhance the self-driving capabilities of its vehicles, thereby violating state law. The lawsuit reignites an issue that appeared to be resolved last week when the…
An aerial view of the Tesla Fremont Factory in San Rafael, California, Jan. 29, 2026. Justin Sullivan | Getty Images Tesla is suing California’s Department of Motor Vehicles to reverse a ruling that found the automaker violated the law by falsely promoting its cars’ self-driving capabilities. The suit comes two months after the state’s Office…
Parked along industrial streets, tucked behind warehouses and clustered in residential neighborhoods, thousands of Bay Area residents are living in one of the only forms of housing they can afford: RVs. Across California, the number of people living in vehicles has surged in recent years, as soaring rents and a chronic housing shortage have pushed…
For most of the past two decades, the majority of electric vehicle-related investments have gone to Republican-led districts, especially in the Southeast. With the industry pulling back from electric cars and trucks, the fate of those investments is now an open question. Automakers and battery makers invested more $200 billion in EV and battery manufacturing…
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The proposed California billionaire tax includes a special provision that makes it highly unlikely that anyone who wants to leave the state could…
U.S. President Donald Trump and Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. attend a Make America Healthy Again (MAHA) Commission event, in the East Room of the White House in Washington, D.C., U.S., May 22, 2025. Evelyn Hockstein | Reuters The Trump administration on Tuesday said it was freezing $10 billion in…
