Los Angeles Financial News

Sales of previously occupied U.S. homes fell for the fourth month in a row in September, held back by surging mortgage rates and a thin supply of properties on the market

The cost of financing a home surged again this week, keeping the average long-term U.S. mortgage rate at its highest level since December 2000

Film and TV actors are still on strike in what has become the longest walk-off in their history

Bad Bunny, the Puerto Rican artist, has revealed his tour schedule for the upcoming year in support of his latest album, "Nadie Sabe Lo Que Va a Pasar Mañana," featuring 22 songs.

NEW YORK (Reuters) — The U.S. economy's strength and continued tight labor markets could warrant further Federal Reserve interest rate increases, Fed Chair Jerome Powell said on Thursday in remarks that appeared to push back against market expectations that the U.S. central bank's rate hikes had reached an end.

President Joe Biden's pick to lead the Federal Aviation Administration has moved a step closer to Senate confirmation

Tesla has reported that its net income slumped in the third quarter versus a year earlier

Netflix has signed a multi-year agreement with Skydance Animation to develop animated feature films that will be released exclusively on Netflix, the streaming service said on Wednesday. John Lasseter, Walt Disney Co's former animation head and co-founder of Pixar, will guide production of the films. Lasseter began working at Skydance Animation in 2019 after taking a leave of absence from Disney in 2017. He was a driving force behind animation hits like «Toy Story» and «Cars.»

By Lisa Richwine and Dawn Chmielewski

autonomous vehicle company Waymo has laid off more employees, for the third time this year. The fresh layoffs are part of an internal reorganisation process, a company spokesperson told The San Francisco Standard, without revealing the exact number of affected employees.

By Dawn Chmielewski and Lisa Richwine

NEW DELHI : Prime Minister Narendra Modi on Sunday confirmed that India will formally bid for hosting the 2036 Olympic Games. How much does it cost to host the 16-day event and is it worth the effort? Mint evaluates the economic implications of a successful bid. The members of the International Olympic Committee choose the host through a secret ballot where the majority vote gets to be the host.

cricket is set to make a remarkable comeback to the Olympic Games after a hiatus of 128 years. The International Olympic Committee (IOC) confirmed on Monday that cricket, along with sports like baseball/softball, lacrosse, squash, and flag football, will be featured in the 2028 Los Angeles Olympics. During the IOC's 141st session, the iconic status of star Indian batter Virat Kohli was evident as his name was mentioned in connection with the decision to include cricket in the Olympics.

(Reuters) — In 1923, Walt Disney (NYSE:DIS) left his failing animation company called Laugh-O-gram Films and used his last $40 to buy a train ticket to join his brother, Roy, in Los Angeles, where they began making animated films out of their uncle's garage. The company they founded would become one of the most influential media and entertainment brands in history.

Fran Drescher said Thursday that she is baffled and disappointed that Hollywood studios abruptly broke off talks this week with the Screen Actors Guild-American Federation of Television and Radio Artists

California Gov. Gavin Newsom has signed a law to raise the minimum wage for health care workers

International Olympic Committee (IOC) confirms the reintegration of this global sport into the Olympic Games program, an event last witnessed in 1900. Cricket is part of the 5 new games approved by the International Olympic Committee (IOC) during its 141st session others being squash, baseball/softball, lacrosse, and flag football. The announcement was made by IOC President Thomas Bach and the move was opposed by only two of the 99 IOC members.

Piper Laurie, the strong-willed, Oscar-nominated actor who performed in acclaimed roles despite at one point abandoning acting altogether in search of a «more meaningful» life, died early Saturday at her home in Los Angeles. She was 91. Laurie died of old age, her manager, Marion Rosenberg, told The Associated Press via email, adding that she was «a superb talent and a wonderful human being.» Laurie arrived in Hollywood in 1949 as Rosetta Jacobs and was quickly given a contract with Universal-International, a new name that she hated and a string of starring roles with Ronald Reagan, Rock Hudson and Tony Curtis, among others. She went on to receive Academy Award nominations for three distinct films: The 1961 poolroom drama 'The Hustler'; the film version of Stephen King's horror classic 'Carrie,' in 1976; and the romantic drama 'Children of a Lesser God,' in 1986.

The number of individuals with investable assets greater than $100 million more than doubled in the past two decades.

Actor and comedian Kevin Hart has made millions from his comedy career, business ventures and investments.

By Sharon Bernstein