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Economy
Economy news
High Mortgage Rates Dampened Southern California Home Sales in June
LOS ANGELES—Southern California home sales in June remained soft for the second consecutive month, as the 30-year fixed rate mortgage remained above 7 percent throughout most of May, when most ...
July 19, 2024
BY
City News Service
Port of Los Angeles Sees Cargo Volume Soar in June
SAN PEDRO, Calif.—The Port of Los Angeles processed 827,757 twenty-foot equivalent units in June, a 10 percent increase ...
July 17, 2024
BY
City News Service
The Presidential Race Just Moved into Overdrive
Commentary The big news over the weekend was the narrow miss in the assassination attempt on former President ...
July 16, 2024
BY
Louis Navellier
Study Reveals How Long $1 Million in Savings Will Last for California Retirees
With the state's high housing costs, that nest egg will last just 12 years, according to a financial ...
July 12, 2024
BY
Travis Gillmore
These Small Businesses Found Ways to Thrive Despite Inflation
Despite years of challenging business environment, some small businesses have found ways to keep going.
July 11, 2024
BY
Russ Jones
Markets Reach New All-Time Highs on Emerging Optimism
Commentary Last week was characterized by light holiday trading volume due to the July 4th holiday. Traditionally, the ...
July 9, 2024
BY
Louis Navellier
California Lost Hundreds of Businesses Since 2020; Job Market Continues to Grow
The governor points to 'good jobs throughout the state,' as data paint a mixed picture.
July 9, 2024
BY
Summer Lane
Business Bankruptcies Jump 34 Percent in First Half of 2024
The increase in commercial bankruptcy filings is expected to create an increase in individual filings, says bankruptcy data ...
July 8, 2024
BY
Naveen Athrappully
Los Angeles Courts Offer $35,000 Bonus to Staff Who Want to Leave
Full-time staff with at least five years of service will be eligible for the one-time payment if they ...
July 3, 2024
BY
Jill McLaughlin
Happy July 4th After a Strong First Half
Commentary We’ve seen a strong first half in many of our top growth stocks, plus new all-time highs ...
July 3, 2024
BY
Louis Navellier
California’s Fast Food Industry Gaining Jobs Despite Wage Hike, New Data Show
Business groups say the $20 minimum wage, which began April 1, will hurt the industry eventually. The data ...
June 28, 2024
BY
Travis Gillmore
California Governor Signs Budget Act, Declares Fiscal Emergency
'The state's economy has behaved in ways that have defied traditional forecasts and historical precedent,' Gov. Gavin Newsom ...
June 27, 2024
BY
Travis Gillmore
Fed President Points to Several ‘Warning Signs’ for Economy
He singled out rising unemployment claims, increases in debt delinquency rates, and what seems to be cooling in ...
June 24, 2024
BY
Tom Ozimek
Inflation Reports Are Tame (Finally), but the Fed Keeps Stalling
Commentary The big news last week was the slower growth of inflation, a meaningless FOMC meeting, and a ...
June 19, 2024
BY
Louis Navellier
Global Central Banks (Except Our Fed) Are Cutting Rates
Commentary Several major central banks have already cut key interest rates in a coordinated manner. At one time, ...
June 12, 2024
BY
Louis Navellier
California’s Tax Collections in May Far Exceeded Expectations
Analysts aren't celebrating the revenue bump because they say it could simply be June payments showing up early.
June 12, 2024
BY
Travis Gillmore
The Bond Market Was on ‘Pins and Needles’ Until PCE Data Came Out
Commentary With deficit spending soaring and bond rates still uncomfortably high, the bond and stock markets are always ...
June 5, 2024
BY
Louis Navellier
Airbnb: Guests Contributed $4.4 Billion to Los Angeles Economy Last Year
LOS ANGELES—Airbnb's guests contributed $4.4 billion to Los Angeles' economy in 2023—with nearly 3.3 million guests arriving to ...
June 2, 2024
BY
City News Service
Dollar Tree Taking Over 170 of 99 Cents Only Stores in 4 States
99 Cents Only recently filed for bankruptcy, which led to the closure of hundreds of stores nationwide.
May 30, 2024
BY
Kos Temenes
Opportunities Abound for Young Entrepreneurs Because Boomers Are Selling Their Businesses
Most of the businesses in the United States are small businesses—about 99.9 percent of them. Small businesses hire ...
May 29, 2024
BY
Mike Valles
Nvidia Rose, then the Market Fell: It’s “Every Stock for Itself”
Commentary Last Wednesday, Nvidia announced that its latest quarterly revenues rose 261% to $26 billion, compared with $7.2 ...
May 28, 2024
BY
Louis Navellier
Inflation Dominated Last Week, but Nvidia Is This Week’s Big News
Commentary Last week was all about inflation. On Tuesday, the Labor Department announced that the Producer Price Index ...
May 23, 2024
BY
Louis Navellier
California Leads the Nation in Job Losses: Federal Data
Nearly a million California residents are jobless.
May 11, 2024
BY
Bill Pan
Newsom’s Budget Redo Will Tell Us What’s Getting Cut, Who’s Getting Taxed in California
The revision to be released on Friday should offer more insight into the 'tough choices' made to tame ...
May 9, 2024
BY
Travis Gillmore
Growth is Down and Inflation is Up, But Earnings Matter Most
Commentary Last week, the Commerce Department announced that its preliminary first-quarter GDP estimate was a snail-paced 1.6% annual ...
May 3, 2024
BY
Louis Navellier
Los Angeles Officials Oppose Businesses Going Cashless
Citing exclusion of low-income people, progressives take a stand usually associated with conservatives.
May 1, 2024
BY
Beige Luciano-Adams
Feeling Squeezed? California’s Population Increases for First Time Since 2020
Our numbers swelled thanks in part to foreign migration, which rose more than 26 percent from 2022. Fewer ...
May 1, 2024
BY
Travis Gillmore
TOP NEWS
After Biden Exits 2024 Race, Harris Scores Commanding Endorsements
4hr
By
Ivan Pentchoukov
,
Emel Akan
and
Jacob Burg
Secret Service Director: ‘Eager to Cooperate’ With Independent Review
5hr
By
Melanie Sun
Strategists Share Predictions on What’s Next for Democratic Party
9hr
By
Emel Akan
Harris Announces Run for Democratic Nominee, Earns Endorsements
10hr
By
Jacob Burg
Democrats React to Biden’s Departure From 2024 Race
10hr
By
Joseph Lord
Obama Praises Biden for Exiting Race
11hr
By
Jack Phillips
Biden Drops Out of Presidential Race: What’s Next?
12hr
By
Jacob Burg
and
Emel Akan
Biden Family Responds to President’s Withdrawal From 2024 Race
13hr
By
Jack Phillips
DNC Seeks Candidate ‘Who Can Defeat’ Trump After Biden Drops Out
13hr
By
Jack Phillips
Trump Shooter Wasn’t a Member of Rifle Team and Wasn’t Bullied, School Says
13hr
By
Jack Phillips