State California Financial News

International Franchise Association president and CEO argues franchise owners are better at identifying the needs of their employees.

FTX founder Sam Bankman-Fried underwent a final barrage of questions on Tuesday from a prosecutor aimed at showing that he’s not being honest about how much he knew about the disappearance of $8 billion from his customers’ accounts, setting the stage for final arguments in his fraud trial on Wednesday.

Taylor Swift Halloween costumes experienced a remarkable shift. It initially hovered at minimal levels around the time of the first U.S.

A Southern California registered representative and a broker-dealer executive on Monday lost an arbitration claim of a little more than $1 million in damages to an investor who bought GWG Holdings Inc. L bonds in 2018.

By Chavi Mehta and Stephen Nellis

It's Halloween day, which provides the perfect backdrop to explore the stocks that are currently spooking investors, especially in light of the gloomy forecasts.

By Dan Levine and Hyunjoo Jin

Artists have been dealt a setback in their copyright fight against generative AI firms after a class-action lawsuit against several of the firms was dismissed by a United States judge, citing a lack of evidence.

Chief executive Tim Ford aims to turn California’s high-end Daou Vineyards that Treasury Wine Estates is buying in a $US1 billion ($1.6 billion) deal into a global brand like the Australian company’s flagship, Penfolds.

Penfolds owner Treasury Wine Estates is buying high-end Californian wine group Daou Vineyards in a deal worth up to $US1 billion ($1.6 billion) as it steps up expansion in the United States luxury wine market.

California Gov. Gavin Newsom’s trip to China, with the stated goal of working together to fight climate change, resulted in a surprise meeting with leader Xi Jinping and was filled with warm words and friendliness not seen in years in the China-U.S. re...

Drugstore employees around the country have started calling in sick to highlight a lack of support from their employers

Autoworkers are the latest to spotlight the power of US labor.

Last week, the criminal trial of FTX founder and CEO Sam “SBF” Bankman-Fried continued in New York, with the man himself giving testimony as part of his defense. According to the SBF, he didn’t know any details about the creation of North Dimension, an alleged “shadowy entity” used to launder customer funds from the crypto exchange through Alameda Research. It was former chief regulatory officer Dan Friedberg who provided him with the papers setting up the firm, which he signed without question, SBF claimed. 

By Abigail Summerville

Some lower courts have divined in the First Amendment’s penumbra a right to follow politicians on social media. On Tuesday the Supreme Court will consider whether the Constitution bars public officials from blocking constituents on their personal accounts (O’Connor-Ratcliff v. Garnier and Lindke v.

United States-based cryptocurrency exchange Kraken said it will share the data of 42,000 users with the U.S. Internal Revenue Service (IRS) in compliance with a court order. The information will be sent to the IRS in early November. 

You wouldn’t necessarily think that multistrategy hedge fund “pod shops” had much in common with the characters from “Sex and the City”. But Millennium’s Izzy Englander is lamenting that successful portfolio managers are like New York men over the age of 30 — all the good ones have been taken.

Mint explains: Up until early August, only Cruise autonomous cars with a “safety driver" (human) could charge cab fares for rides in California at night. Cruise driverless cars could take passengers without humans but not charge any fare. Alphabet-owned Waymo, another fully autonomous car, couldn’t charge without a human driver either.

San Diego has been identified as the costliest city in the United States, with Los Angeles, Honolulu, and Miami following closely behind. Santa Barbara secured the fifth position, according to a recent survey. The list of the most expensive places to reside, as per findings in US News and World Report, features three of the top five cities located in Southern California, according to a report. In total, eight cities in California found their way into the top 10, with San Francisco, Salinas, Santa Rosa, Vallejo, and Fairfield all included. The survey's rankings are determined by assessing the «median gross rent and annual housing costs for mortgage-paying homeowners» in each metropolitan area, the Deadline report stated. Meanwhile, a key indicator of US inflation stayed steady in September, the government reported Friday, as policymakers push on in their battle against persistent price increases. The personal consumption expenditures (PCE) price index, which is the Federal Reserve's preferred inflation gauge, rose 3.4 percent from a year ago — the same rate as in the preceding two months — said the Commerce Department. The data comes days before Federal Reserve policymakers gather for a two-day meeting to mull whether to raise interest rates again to combat stubborn inflation. While consumer inflation has cooled, the latest figures remain well above officials' two percent target and could prompt further action. Fed policymakers are due to announce their rate decision next Wednesday, with analysts generally expecting them to hold off further increases for now as the effects of earlier rate hikes ripple through the economy.

Frank Ocean. Born as Christopher Edwin Breaux in Long Beach, California, Ocean has left an indelible mark on the music industry with his innovative blend of R&B, soul, and avant-garde sensibilities. As he celebrates his birthday, let's explore the remarkable versatility and profound impact of this genre-defying artist.