Los Angeles Financial News

The average rate on the benchmark 30-year home loan fell slightly this week, ending a seven-week climb —- modest relief for prospective homebuyers grappling with an increasingly unaffordable housing market

President Joe Biden is trying to increase trade with Latin America

The CEO of the National Association of Realtors is stepping down nearly two months before his planned retirement, a move that comes just two days after the trade group was dealt a punishing judgement in federal court over its rules on real estate agent...

Austin Reaves, hailing from Newark, Arkansas, is a shooting guard who currently plays for the Los Angeles Lakers. Reaves had his college basketball stints at Wichita State and Oklahoma. The 6 feet 5 inches shooting guard joined the Lakers as a free agent in 2021 after going undrafted. During his second year with the team, Reaves assumed a more prominent role for the Los Angeles Lakers.

The Association of Tennis Professionals (ATP) has unveiled a partnership with digital art platform Artchild and artist Honor Titus to introduce fan-customizable digital and physical tennis posters during the upcoming 2023 Nitto ATP Finals.

The Jinx Season 2 will premiere a six-episode on HBO and Max in 2024, with director Andrew Jarecki revealing fresh details about the real estate heir-turned-convicted murderer. The documentary series, which had its beginnings as a limited series, began airing in the year 2015. HBO has announced that it would begin airing «The Jinx: Season 2,» a continuation of the Emmy Award–winning documentary show, in the year 2024. In the original series «The Jinx: The Life and Deaths of Robert Durst,» Durst was notoriously caught on camera saying «killed them all, of course,» which contributed to his conviction for murder. Following the release of an official press announcement just a few hours earlier, Durst was taken into custody in the lobby of a hotel in New Orleans on the basis of evidence found by the filmmakers.

Succession" actor Alan Ruck was was allegedly involved in a crash on Halloween, Los Angeles police has said. The "Ferris Bueller's Day Off" star was reportedly driving the truck that rammed into Raffallo's Pizza building at around 9:25 pm on Tuesday evening. Ruck escaped unhurt even as his vehicle suffered considerable damage. A 32-year-old man was later hospitalised with minor injuries. According to a surveillance footage from the pizza restaurant, Ruck's truck rear-ended another car waiting at a stop light before the vehicle sped through the intersection, grazing another car that had halted at a nearby section of the crossing before crashing into the building. While the police is conducting an investigation to determine the cause of the crash, LA police ruled out drugs or alcohol as a factor in the mishap.

Kevin Brennan, a former writer for Saturday Night Live, has sparked outrage with his recent tweets mocking the tragic passing of beloved actor Matthew Perry. In a shocking post, Brennan callously commented on Perry's death, stating, «DROWNED IN A HOT TUB. HAHAHAHA.» Brennan, a 63-year-old comedian, who had a brief tenure on SNL in 1999, went on to make further insensitive remarks about the iconic Friends star, who graced television screens for ten seasons in one of the most successful TV shows of all time.

Air pollution linked to higher incidence of type 2 diabetes: Report With a persistent smog blanketing Delhi for the third consecutive day, many parts of the city recorded their air quality in the 'severe' zone on Thursday. Scientists have warned of a further spike in the national capital in the coming days due to the surge in farm fires and unfavourable weather conditions.

Sidhartha Mallya! The actor-author's Instagram timeline was filled with congratulatory messages after he proposed to his girlfriend Jasmine. Sidhartha, the son of businessman Vijay Mallya, posted a series of pictures on Instagram Stories. In Halloween costume, he can be seen going down on one knee as he popped the question to Jasmine. The lady is Halloween-ready in a witch costume while Mallya Jr wore a pumpkin outfit.

India and the US are both facing similar impacts of climate change, and the US can learn a lot from India on managing these, the US Ambassador to India, Eric Garcetti, said on Thursday. Speaking at The Energy Transition Dialogues being organised by the Global Energy Alliance (GEAPP) in New Delhi, Garcetti said that even in places like Los Angeles, people die every day because they don't have access to air conditioning. “They don't have access to what they need.

Wall Street's major indexes closed higher on Wednesday with the Nasdaq's 1.6% advance leading gains, after the U.S. Federal Reserve kept interest rates unchanged and comments from its top official fueled investor optimism rate hikes were done even though the central bank left the door open for more. Fed Chair Jerome Powell said policy makers would proceed carefully although they were not yet confident financial conditions were restrictive enough to get inflation as low as the central bank would like. Trading was choppy at the start of Powell's press conference but the major equity indexes started to regain lost ground after about 20 minutes, then went on to hit session highs. This was because the Fed's top official «wasn't as assertive about higher-for-longer» rates as he has been in past press conferences, according to Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. Charlie Ripley, senior investment strategist for Allianz Investment Management, wrote that while there is still a potential risk for the Fed to raise rates again, Powell's commentary suggests that «the bar has become higher for rate hikes.» Edward Moya, senior market analyst at Oanda wrote that while Powell insisted he was keeping options open for a hike «he didn't seem very convincing.» The Dow Jones Industrial Average rose 221.71 points, or 0.67%, to 33,274.58, the S&P 500 gained 44.06 points, or 1.05%, to 4,237.86 and the Nasdaq Composite added 210.23 points, or 1.64%, to 13,061.47. Among the S&P 500's 11 major sectors only two lost ground with energy falling 0.3% while consumer staples edged down 0.06%.

A series of court challenges are seeking to upend longstanding real estate industry practices that determine the commissions agents receive on the sale of a home — and who foots the bill

Los Angeles Lakers are squaring off with Los Angeles Clippers in a crucial NBA game.

With talks still ongoing between the Screen Actors Guild (SAG-AFTRA) and the likes of Netflix and Disney, costumes that could be seen to promote lucrative film figures like Barbie — or even Oppenheimer — have been declared off-limits this spooky season. «Let's use our collective power to send a loud and clear message to our struck employers that we will not promote their content without a fair contract!» said a recent SAG-AFTRA online post. On Tuesday, actors marching outside Netflix, Sony, Amazon and Paramount's Los Angeles offices had taken that advice to heart, with cats, bats and a dancing frog replacing the usual cast of superhero and sexy villain costumes beloved in the US entertainment capital. «It would be a little strange when you're protesting these companies but also supporting them,» explained actress Sonia Grace, dressed as a schoolgirl. «Boo, boo to the AMPTP,» added Christan Copeland, in a cat costume, referring to the studios' Alliance of Motion Picture and Television Producers. SAG-AFTRA members walked off film and TV sets in July, over terms including pay and the use of artificial intelligence. Talks have intensified in recent weeks, with the two sides meeting most days and expressing cautious optimism — while also warning that they remain far apart on several key issues. If the strike is not resolved in the next few days, film and television production is unlikely to be able to restart at all this calendar year, as Hollywood annually shuts down over the holiday period. «I think all of us being here, we've been scaring the studios for the past 110 days,» said actress and SAG-AFTRA organizer Mykle McCoslin. «It's time for them to just negotiate, and give us what we need.

By Dan Levine and Hyunjoo Jin

Philadelphia 76ers are leading the NBA season with impressive beginnings. This made one thing clear: Harden’s days as a 76er were over now. However, the following day of the Harden incident came with a bit of change in its script.

Judy Nugent, who played one of the twins on The Ruggles and a girl who flies around the world in the arms of Superman in a wonderful Adventures of Superman episode, has died. She was 83 years old.

Day of the Dead or Día de los Muertos is an embodiment of the fusion of Mesoamerican rituals, European religious practices, and Spanish cultural influences. At its core, this celebration is a harmonious blend of ancient Aztec customs that venerated ancestors and the introduction of All Souls' Day by Spanish invaders in the early 1500s. The festivities are a series of ritual observances, characterized by ornate altars adorned with offerings to honor departed souls. Families gather at the gravesites of their loved ones, adorned with colorful decorations, creating a heartfelt remembrance. Communities come together in town squares and community centers to partake in traditional music, dance, and feasting. As part of the celebration, many masquerade as death itself, adorning themselves with colorful body paints, face masks, and ethnic attire.

Friends ahead of the cast's reunion and was surprised with his performance. Perry, best known for his role as Chandler Bing, was discovered unresponsive in his hot tub at his residence in the Pacific Palisades area of Los Angeles on Saturday. First responders were alerted by his assistant, yet despite their efforts, the 54-year-old actor was pronounced dead at the scene.

FOX Business correspondent Lydia Hu has the latest on issues parents face when entering the workforce on 'The Big Money Show.'