Los Angeles Financial News

A group of Chinese immigrant workers is suing over forced labor and human trafficking claims that stem from an illegal marijuana growing operation in northwestern New Mexico

Sales of new U.S. homes hit a 5-month low last month as sky-high mortgage rates continue to strain prospective homebuyers’ ability to afford a dwelling

Art dealer Stefan Simchowitz has long been treated as persona non grata by the art world’s most important galleries and tastemakers. But you wouldn’t know it while wandering around the 11,000-square-foot Los Angeles warehouses where he stores his collection, one of the biggest private troves in the world. Wrapped paintings and sculptures are wedged, floor-to-ceiling, along aisles that stretch the length of a grocery store.

2018-Everyone is a Hero," which is based on the devastating Kerala floods of that year, has been chosen as India's official entry to the 96th Academy Awards, commonly known as the Oscars, set to take place on March 10, 2024, in Los Angeles. A unanimous decision by the Film Federation of India's 16-member jury propelled the Malayalam film into the global spotlight. Among the 22 titles vying for the prestigious Oscar slot were notable Hindi films such as «The Kerala Story,» «Rocky Aur Rani Kii Prem Kahaani,» «Gadar 2,» «Zwigato,» «The Vaccine War,» and «Mrs Chatterjee Vs Norway,» as well as regional gems like «Balagam» (Telugu), «Vaalvi» (Marathi), «Baaplyok» (Marathi), and «August 16, 1947» (Tamil).

Bruce Springsteen and the E Street Band’s 2023 tour will be postponed until 2024, citing doctor’s advice.The Boss, who last week celebrated his 74th birthday, is “steadily recovering” from peptic ulcer disease, a press release read. “Out of an abundance of caution,” the remainder of this year’s tour has been pushed to next year.Earlier this month, Springsteen announced that he would be postponing all of his September 2023 dates while he was treated for symptoms related to the disease, which causes ulcers to form in the stomach or small intestine that can cause heartburn, nausea and stomach pain.Those postponed shows included stops in Baltimore, Philadelphia, Albany and Syracuse in New York, Pittsburgh, Washington, and shows in Connecticut and Ohio.The newly postponed shows include shows all across Canada, in Vancouver, Edmonton, Calgary, Winnipeg, Ottawa and Montreal — as well as two dates in Toronto.The Boss’ West Coast run of Phoenix, San Diego, Los Angeles, and San Francisco has also been postponed.Rescheduled concerts will be announced this week and will take place at the original venues.Peptic ulcer disease can be dangerous, leading to bleeding and emergency situations such as perforation of the ulcer through the stomach.

New Jersey’s Supreme Court is considering whether an Atlantic City casino can get payouts from business interruption insurance for losses during the COVID-19 outbreak

(Reuters) — Shares of Faraday Future Intelligent Electric slumped in premarket trading on Wednesday, after the cash-strapped electric-vehicle company announced plans to raise up to $90 million through a stock offering.

Keanu Reeves and Alexandra Grant made their red carpet debut as a couple at the LACMA Art + Film Gala in 2019, holding hands and fueling speculation about their romantic relationship. People magazine had reported their dating status months before this public appearance, confirming the budding romance. In a March 2023 interview with People, Reeves continued to discuss Grant, indicating that their relationship remained robust. Here's what you need to know about Reeves' girlfriend.

By Lisa Richwine and Dawn Chmielewski

WASHINGTON (Reuters) — A senior U.S. district judge nominated by Republican former President Ronald Reagan on Tuesday has been assigned to the U.S. Federal Trade Commission antitrust lawsuit filed against Amazon.com (NASDAQ:AMZN).

(Reuters) — Organized crime rings in New York, San Francisco, Los Angeles and Houston are targeting retail inventories, causing more financial loss, according to a report by the National Retail Federation (NRF), a trade group representing U.S. retailers.

The deal is made, the pickets have been suspended, and Hollywood’s writers are on the verge of getting back to work after months on strike

A tentative agreement between striking screenwriters and Hollywood studios offers some hope that the industry’s dual walkouts may be over soon

Former Democratic presidential candidate Andrew Yang discusses New Yorkers sounding off at a New York City event on the migrant crisis, a possible Biden, Trump rematch and a potential third party run. 

(Reuters) — Uber Technologies (NYSE:UBER) is partnering with Los Angeles Yellow (OTC:YELLQ) Cab and its affiliates to increase the supply of taxis on the ride-hailing giant's platform, the company said on Tuesday.

By Danielle Broadway

Commercial property owners, already struggling with high interest rates and rising vacancies, face exploding insurance costs that keep hitting new highs. Natural disasters, inflation and a shrinking reinsurance market have pushed insurance premiums to record levels, echoing the surge in home insurance rates for much of the U.S. That leaves many landlords in a bind.

Bryan Johnson, the tech millionaire who sold his payment processing company for $800 million in a quest to reverse the ageing process, is now consuming 111 pills daily to stay young. In a recent interview with TIME, Johnson revealed his daily regimen of consuming 111 pills, alongside the use of various health monitoring devices to track his progress. This includes wearing a baseball cap that emits red light onto his scalp, collecting his own stool samples, and sleeping with a tiny jet pack attached to monitor nighttime erections. He reportedly spends $2 million (about Rs 16.5 crore) per year on his anti-aging hacks.

David McCallum, who passed away at the age of 90. McCallum's remarkable career spanned decades, leaving an indelible mark on the entertainment industry. Let's take a moment to reflect on the life and legacy of this talented actor.

By Danielle Broadway

Screenwriters’ union leaders and Hollywood studios have reached a tentative agreement to end a historic strike after nearly five months