Los Angeles Financial News

The average long-term U.S. mortgage rate climbed this week to a new high for the year, pushing up borrowing costs for prospective homebuyers already facing heightened competition in a housing market short on homes for sale

Jesse Powell, the co-founder and former CEO of Kraken, a prominent cryptocurrency exchange, has become the subject of a federal investigation into allegations of hacking and cyberstalking involving a non-profit organization. 

Upcoming professional Twenty20 cricket league in the US, Major League Cricket (MLC) has signed media rights partnership in India with Viacom18 Media Private Limited’s sports network. The league, operated by American Cricket Enterprises (ACE) and sanctioned by USA Cricket, will be covered on OTT platform JioCinema and broadcast television coverage on Sports18, beginning July.

The United States Federal Bureau of Investigations (FBI) reportedly searched the home of Kraken co-founder Jesse Powell in March as part of an investigation into claims he hacked and cyber-stalked a nonprofit arts group.

Call it nursing-home chic. Incognito compression socks, lacy incontinence underwear and earplugs that look like earrings are among the new health products attracting younger customers who might otherwise avoid the category. These products have always been practical.

By Sinéad Carew and Tom Wilson

The televised images of the plane crash sowed the small aircraft upside down in a business parking lot, reported AP. One passenger died at the spot about 85 miles, equal to 135 kilometres southeast of downtown Los Angeles, reported AP citing Riverside County Fire Department.

Adele has lashed out at so-called fans who come for concerts and throw things at artists while they are performing on stage. She is the latest artist to speak out against it, after various other singers have objected to it. Singer Charlie Puth also recently asked fans to stop the trend, after artists like Bebe Rexha, Kelsea Ballerini, Pink Harry Styles and Ava Max, among others, had stuff hailed at them. Pink in particular had to face a situation where a female fan threw her mother's ashes on her, even as she was singing on stage in the UK at the BST Hyde Park festival. Adele has joined her fellow artists in condemning such acts. On a recent show of «Weekends with Adele» at her Las Vegas residency, the British singer asked fans if they had «noticed how people are forgetting show etiquette». Adele was visibly angry, as she asked the crowd the question while wielding a T-shirt gun. She dared the audience to throw anything at her. Adele further said, «Stop throwing things at the artist when you can shoot things to people…I’ve been seeing these people. These people lost it, can you imagine?»

Workers are picketing major Southern California hotels after walking off the job during the holiday weekend to demand better pay and benefits

Shah Rukh Khan has reportedly undergone nasal surgery after meeting with an accident in Los Angeles. According to an ETimes report, the ‘Paathan’ star was shooting in LA, when he hurt his nose.

NBA Summer League is scheduled to commence on Monday, July 3, marking the start of an exciting basketball event. Over the course of two weeks, a total of 88 games will be played, involving all 30 teams in the league. The competition will take place primarily in Las Vegas, and on Monday, July 17, a champion will be crowned, concluding the Summer League with a thrilling finale. Fans can look forward to witnessing the skills and talent of both established players and emerging prospects during this highly anticipated basketball extravaganza. The Los Angeles Lakers have a promising roster filled with young and talented players, notably including Jalen Hood-Schifino from Indiana and Maxwell Lewis from Pepperdine, who were acquired in the 2023 draft. As part of the Summer League, most of the games will be held in Las Vegas. However, the Lakers will commence their participation in the California Classic by playing two games in Sacramento. This gives the team an opportunity to showcase their skills and start the preseason competition on a strong note.

Prince Harry and Meghan Markle stepped down as working members of the British royal family in 2020—and since then, they have signed a series of lucrative, multi-year deals including documentaries, books, podcasts and more, worth an estimated total of $135 million, according to Forbes. 

Superstar footballer Lionel Messi announced Wednesday he intends to play for Inter Miami, turning down offers from Barcelona and Saudi Arabia, in a move that shocked soccer fans around the world. 

LOS ANGELES (Reuters) — Thousands of hotel workers in Los Angeles, California, went on strike on Sunday morning as they pushed for better wages and benefits, kicking off what was expected to be one of the largest U.S. hotel strikes in recent history.

Anime Expo 2023, the world's largest anime convention, is all set to showcase the world premieres and panels over four days at the Los Angeles Convention Center from July 1 to 4. Alongside major stage events by renowned studios like Mappa, Wit, and Trigger, there will be numerous fan-led panels.

«We all have triggers and layers of fears way deeper than what is shown, and that’s why I walked offstage to calm down and make sure myself, band and crew, and the crowd all felt safe to continue,» she added. This was the second incident after singer Pink recently witnessed a fan throwing her mother’s ashes at her concert. Singer Charlie Puth has requested fans to stop throwing things on stage, saying it is not only disrespectful but also dangerous. «This trend of throwing things at performers while they are on stage must come to an end. (Bebe, Ava, AND NOW Kelsea Ballerini…) It’s so disrespectful and very dangerous. Please just enjoy the music I beg of you,” he tweeted.

Bobby Bonilla Day. On July 1st, like clockwork, the New York Mets honor their deferred contract with the legendary player, cutting him a check worth $1,193,248.20. Remarkably, this tradition has persisted for 13 consecutive years, with another 12 years yet to come.

Brookfield Asset Management Ltd. is aiming to raise US$15 billion for its fifth flagship real estate fund, less than its previous version, according to people familiar with the matter, as the global property market is roiled by rising borrowing costs.

In a blog post announcing the move, the firm states: "While there is still work to be done, we believe that the UK is on the right path to becoming a leader in crypto regulation. The UK also has deep pools of talent, world-leading academic institutions, and a strong entrepreneurial culture.

The Las Angeles-based sports and entertainment arena, Crypto.com Arena, will be keeping its name despite the cryptocurrency exchange’s decision to shut down its institutional exchanges in the United States.

BEIJING — Fewer than 6% of U.S. flights to and from mainland China that existed in 2019 have resumed, according to a Nomura report.