California Business News

News Summary California’s efforts to increase the film and TV tax credit cap to $750 million have hit a snag as lawmakers removed this proposal

News Summary The Business Journal achieved a historic milestone at the California Journalism Awards 2024, securing 10 first-place and 7 second-place awards. Recognized for its

News Summary State Farm General has announced plans for a 30% rate increase for homeowner insurance policies in California, immediately following a 17% interim hike.

News Summary The US Senate has voted 51-44 to repeal California’s plan to ban gasoline-powered cars by 2035, challenging the state’s ambitious environmental initiatives. This

News Summary Small business optimism in California has slightly declined in January, according to the NFIB’s Small Business Optimism Index. Despite this drop marking three

News Summary California Governor Gavin Newsom has proposed a drastic 67% cut in funding aimed at supporting local newsrooms through a partnership with Google. The

News Summary California homeowners are under financial stress as State Farm seeks an additional 11% rate increase following a 17% hike already approved. This comes

News Summary California is bracing for a significant political showdown as the U.S. Senate gears up to vote on a proposal to lift the state’s

News Summary Recent reports indicate that eastbound international container volume from Southern California has dropped significantly, reflecting the ongoing effects of tariffs from the U.S.-China

News Summary Walmart has announced the permanent closure of five stores in California by the end of 2025. This strategic shift aims to enhance profitability