California Business News

News Summary California is grappling with a budget shortfall estimated at over $10 billion, potentially escalating to $20 billion. The deficit is largely driven by

News Summary California is on the brink of a gas price surge as two major oil refineries, Phillips 66 and Valero, plan to close by

News Summary California is bracing for a potential fuel crisis as gas prices are projected to rise by 75% by the end of 2026, following

News Summary Small business owners in Southern California are adjusting their strategies due to the Trump administration’s tariffs affecting sourcing, pricing, and inventory practices. Notably,

News Summary California’s tourism industry grapples with a decline in international visitors, prompting hospitality workers to demand a $30 minimum wage. As travel from Canada

News Summary California is experiencing significant economic difficulties, driven by a proposed $30 minimum wage increase and a decline in tourism post-COVID-19. Governor Newsom cites

News Summary Eutelsat, the French satellite operator, has appointed Jean-Francois Fallacher as its new CEO, leading to a 4% drop in share prices amid concerns

News Summary Starting July 1, California will increase its cannabis excise tax from 15% to 19%, the highest rate allowed by state law. This tax

News Summary California’s high-speed rail project, initially estimated at $10 billion, now faces delays and costs exceeding $100 billion. New CEO Ian Choudri aims to

News Summary California has officially increased the minimum wage for fast food employees to $20 per hour as of April 2024, the highest in the