California business news

Rite Aid Files for Bankruptcy Again, Announces Store Closures

News Summary Rite Aid has filed for Chapter 11 bankruptcy for the second time in two years, significantly impacting its…

1 month ago

Rite Aid Announces Closure of Stores in California Amid Bankruptcy

News Summary Rite Aid is set to close over a dozen stores in California as part of its Chapter 11…

1 month ago

California Faces $10 Billion Budget Shortfall Amid Tariff Impacts

News Summary California is confronted with a staggering potential budget shortfall of $10 billion, a figure that could swell to…

1 month ago

California Faces Potential Gas Price Surge Amid Refinery Closures

News Summary California is preparing for a possible gas price surge as two major oil refineries, Phillips 66 in Los…

1 month ago

California’s Gas Prices Threatened by Refinery Closures

News Summary California is bracing for a possible surge in gas prices, projected to increase by 75% by 2026 due…

1 month ago

Southern California Small Businesses Adapt to Tariffs

News Summary Small businesses in Southern California are facing significant challenges due to tariffs imposed by the Trump administration. Owners…

1 month ago

California Hospitality Workers Push for $30 Minimum Wage

News Summary California's hospitality workers are advocating for a $30 minimum wage amid economic challenges and a declining tourism sector,…

1 month ago

California Faces Economic Challenges Amid Wage Proposals

News Summary California is grappling with economic hurdles, including a proposed minimum wage increase to $30 and declining tourism due…

1 month ago

California’s $20 Minimum Wage Impact on Fast Food Jobs

News Summary California's implementation of a $20 minimum wage for fast food workers under the FAST Act has led to…

1 month ago

California’s Small Businesses Face Tax Hike Without Deduction

News Summary California's 4.2 million small businesses could face a significant tax hike to 52.9% if the 20% Small Business…

1 month ago