California economy

Southern California Businesses Feeling the Pinch from New Tariffs

News Summary President Trump's recent tariff implementations are hitting Southern California businesses hard, particularly those in Latino communities. A 10%…

2 months ago

Customs Broker Pleads Guilty to $5 Million Fraud and Tax Evasion

News Summary Frank Seung Noah, a customs broker from California, has pleaded guilty to serious charges including wire fraud and…

2 months ago

Gas Prices in California Take a Sharp Turn Upward

News Summary Gas prices across California have surged, reaching $4.82 per gallon as of February 17, 2025, significantly higher than…

2 months ago

California’s Economic Landscape: Oil Taxes and Job Growth Debate

News Summary California is witnessing a heated debate over the proposed oil severance tax, which many fear could hinder job…

2 months ago

Los Angeles Wildfires: Insurance Crisis Deepens

News Summary Los Angeles is grappling with severe wildfires, leaving homes in ashes and families heartbroken. The insurance market, already…

2 months ago

California Business Landscape Faces Major Changes

News Summary California's economy is currently facing significant turbulence, with home sales declining by 10%, rising bankruptcy filings, and corporate…

2 months ago

Multimillion-Dollar Sale Transforms California’s Lighting Industry

News Summary A landmark multimillion-dollar transaction has shaken up California’s lighting industry as Lutron changes hands, facilitated by the expert…

2 months ago

Forever 21 Faces Layoffs and Store Closures

News Summary Forever 21 has announced substantial layoffs, affecting nearly 700 employees in California and Pennsylvania, alongside the closure of…

2 months ago

Sacramento Sparks Debate Over In-Person Work Mandate

News Summary Governor Gavin Newsom has announced that all state employees in California will be required to return to the…

2 months ago