Los Angeles Financial News

The Sun on 21 April. According to the report, Beckham also accused Wahlberg's Mark Wahlberg Investment Group (MWIG), and gym group F45’s founders Adam Gilchrist and Rob Deutsch of 'fraudulent conduct' and alleged that he was reportedly misled by Wahlberg during business. In 2022, Beckham's firm DB Ventures Ltd began litigation against Wahlberg's F45 Training and filed a case with Australian golf entrepreneur Greg Norman.

The uber wealthy live a world apart and their investing strategies also look vastly different from the average investor's portfolio.

UBS is wasting no time expanding its profile in the wealth space as it welcomes a West Coast-based advisory team. UBS Wealth Management USA announced the addition of Christopher Toregas and his team to its Century City office in Los Angeles as part of its strategic expansion.

Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months

The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices

Los Angeles-based RIA Miracle Mile is bolstering its appeal to high-net-worth investors with a key addition to its C-suite. On Thursday, the firm announced the appointment of Matt Dmytryszyn as its chief investment officer.

Disney has received a key approval to expand its theme park offerings in California as it seeks to build new, immersive lands for visitors

Paris, while France will get a major host-nation bump from eighth to third, according to a forecast 100 days out from the opening ceremony. The Gracenote virtual medals table, which is compiled using results data from key global and continental competitions since the Tokyo Olympics, has the U.S. on top both on gold medal count (39) and total medal count (123). The U.S. will host the next Olympics after Paris in Los Angeles in 2028.

Winnie the Pooh and Mickey Mouse have recently entered the public domain, making it possible for artists to use them freely

Civil War " didn’t only ignite the discourse. The film also inspired audiences to go to the cinemas this weekend where it surpassed expectations and earned $25.7 million in ticket sales in North America, according to studio estimates Sunday. It’s the biggest R-rated opening of the year to date and a record for A24, the studio behind films like “Everything Everywhere All At Once" and “The Iron Claw." “Civil War" also unseated “ Godzilla x Kong " from its perch atop the box office.

O.J. Simpson died without having paid the lion's share of the $33.5 million judgment a civil jury awarded to the families of his ex-wife Nicole Brown Simpson and her friend Ron Goldman

KGF’ star Yash is making his debut as a producer! The Sandalwood star’s production house Monster Mind Creations has joined hands with Namit Malhotra's production company Prime Focus Studios to produce the magnum opus, which will be featuring ‘Animal’ star Ranbir Kapoor, Sai Pallavi in pivotal roles. Yash is also rumoured to star as the antagonist Ravana. In a heartfelt statement, the actor said that the story of ‘Ramayana’ has fascinated him always. He felt that even though most Indians are more or less familiar with Lord Ram’s journey to rescue his wife Sita from the demon king Ravan, and his principles of righteousness, the timeless epic imparts new lessons and fresh perspectives every time you are reacquainted with it. “We believe we know Ramayana well, yet each time it unveils fresh wisdom, ignites new knowledge, and offers unique perspectives. Our vision is to translate this timeless epic onto the silver screen. It will be a grand spectacle, honoring its scale, but at its core, it will be an honest and faithful portrayal of the story, emotions, and values we hold dear. This is a journey to share Ramayana with the world,” he said. He was on a trip to Los Angeles when he met Malhotra, who was already working for ‘Ramayana.’

Shop for a home now or hold out for possibly lower mortgage rates

The average long-term U.S. mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during what’s traditionally the busiest time of the year for home sales

Jay Leno was granted a conservatorship over his wife’s estate on Tuesday by a Los Angeles Superior Court judge who ruled the measure was “necessary and appropriate” for Mavis Leno’s protection.

The family of a Nigerian business leader who died in a Southern California helicopter crash that killed five others filed a lawsuit Wednesday claiming the flight should have been grounded because of treacherous weather

Jessica Alba, who shot to fame in the James Cameron television series “Dark Angel,” as well as films such as “Sin City” and the “Fantastic Four,” will step down as chief creative officer at Honest Company, a personal care company that she founded

Federal fishery managers have voted to cancel all commercial and recreational salmon fishing off the coast of California for the second year in a row, and only the fourth time in state history, because of dwindling stocks

Terry Tang has been formally named executive editor of the Los Angeles Times after leading its newsroom since January on an interim basis

Aam Aadmi Party (AAP) globally have observed a day of protest and fasting in solidarity with party chief and Delhi Chief Minister Arvind Kejriwal, who was arrested by the Enforcement Directorate in an alleged money laundering case. Kejriwal was arrested by the ED on March 21, hours after the high court refused to grant him protection from coercive action by the federal anti-money laundering agency. He is currently lodged in Delhi's Tihar jail. AAP volunteers in the US, Canada, the United Kingdom, Ireland, and Australia gathered in front of Indian embassies and popular locations on Monday to protest Kejriwal's arrest and call for his immediate release, a media release said. «Arvind Kejriwal is a symbol of hope for millions of Indians who are fighting for a more just and equitable society,» said AAP member Jeswanth Reddy from Los Angeles. «His arrest is an attack on democracy and the right to dissent. We will not be silenced.»

The sudden exit of Royal Bank of Canada’s chief financial officer comes at a “critical juncture” for the lender as it tries to absorb the biggest acquisition in its history, a leading Wall Street analyst says.