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782 posts
The Sun’s home for business news in the Central Valley.
Supreme Court rejects oil-led challenge to Calif. drilling rules
A Golden State ban on off-shore fracking will stand.
June 6, 2023
Blowing smoke? Fresno projects jarring boom in cannabis sales.
Fresno's cannabis tax revenue has become an early sticking point in the city's budget negotiations.
June 5, 2023
House GOP hits afterburner to block gas stove bans
The war over gas stoves rages on in Washington with two bills hitting the House floor this week.
June 5, 2023
Bitwise Industries hooked lenders with word of a pending Goldman Sachs deal. It wasn’t real.
The outsized name of one of America's largest investment banks was utilized to lure more cash in recent months for the floundering tech venture.
June 5, 2023
Allstate halts accepting Calif. home insurance applications
The move is the second major exit of an insurance firm in the California homeowner's insurance market in two weeks.
June 4, 2023
‘Unconscionable’: Attorney preps employee class action suit against Bitwise
Employees could launch a class action suit over labor law violations by Bitwise Industries roughly one week after their surprise furlough.
June 4, 2023
Bitwise board fires Soberal, Olguin amid meltdown
Ollen Douglass, a member of the Bitwise Board of Directors, will take the helm of the company amid its collapse and questions of fraud.
June 2, 2023
Fresno landlord posts abandonment notices on three Bitwise buildings
Not even the tech firm’s flagship building was spared a pre-eviction notice.
June 2, 2023
Judge freezes Bitwise Industries assets, with one glaring exception
The failing Fresno tech incubator faces restrictions on its money and real estate moves after a lawsuit was filed on Wednesday.
June 1, 2023
Fresno officials tee off: ‘Bitwise has robbed the city’
In a bid to claw back grant funding to the collapsing tech venture, Fresno lawmakers fumed their frustration at Bitwise Industries and its leadership.
June 1, 2023