State California Financial News

By then, ALS had begun laying waste to Harrell's muscles, stealing from him one ritual after another: going on walks with his wife, holding his daughter, turning the pages of a book. «Like a night burglar,» his wife, Levana Saxon, wrote of the disease in a poem. But no theft was as devastating to Harrell, 46, as the fading of his speech. He had sung his last Whitney Houston song at karaoke. A climate activist, he had delivered his last unassisted Zoom presentation to fellow organizers.

Five people have been charged in connection with Matthew Perry’s death from a ketamine overdose last year, including the actor’s assistant and two doctors, a prosecutor confirmed Thursday.

Nevada gaming regulators have accused the Resorts World casino of turning a blind eye to illegal bookmaking

More sunshine could be in the forecast for solar power companies like SolarEdge Technologies and Sunrun, whose stock prices have been dimmed by high interest rates

Summit Trail Advisors, a boutique wealth management firm overseeing $18 billion in assets, continues its national expansion as it gains a foothold in California’s ultra-high-net-worth market with its latest top-caliber hire.

Avantax, the tax-oriented financial planning and wealth management firm under Cetera, continues to demonstrate its appeal for planning-focused advisors as it adds a seasoned professional from LPL.

Incoming Starbucks CEO could make well in excess of $100 million in his first year with the company under an incentive-laden contract, and he will not be required to relocate from his home in California to Seattle, the home of the global coffee giant

Cisco Systems says it is planning to lay off 7% of its employees

LightShed Ventures partner Rich Greenfield unpacks the amusement parks earnings on The Claman Countdown.

California bill that could impose restrictions on artificial intelligence has tech companies, investors and activists scrambling to explain what the first-of-its-kind legislation could mean for their industry in the state. The bill is still winding its way through the state capital in Sacramento. It is expected to reach the California state assembly appropriations committee on Thursday before facing a vote by the full assembly. If signed into law by Gov. Gavin Newsom, the bill would require companies to test the safety of powerful AI technologies before releasing them to the public. It would also allow California's attorney general to sue companies if their technologies cause serious harm, such as mass property damage or human casualties.

Cisco Systems said on Wednesday it was witnessing rebounding demand for its networking equipment and announced a 7% cut in its global headcount to focus on high-growth areas such as AI and cybersecurity. Shares of the company were up 5% in extended trading after it forecast upbeat current-quarter revenue. «Inventory digestion is complete and we're now returning to a more normalized demand environment,» CEO Chuck Robbins said on an analyst call.

NFP is extending its reach into Southern California’s high-net-worth space with its latest acquisition.

Google has unveiled its next generation of Pixel phones

Gym operator Blink Fitness has filed for Chapter 11 bankruptcy protection

Mars stores enough groundwater to form oceans on the planet's surface, an analysis of the data collected by NASA has suggested. However, the water is present several kilometres the surface, so extracting it to «supply a future Mars colony» is not feasible, the researches said. The amount of groundwater it contains can cover the entire planet, which is about half of Earth's size, to a depth of up to two kilometres, according to the research team. For those tracking the fate of water after the planet's oceans disappeared over three billion years ago, the study's results are «good news,» the researchers, including those from the University of California (UC) in Berkeley, US, said.

AssetMark is looking to expand its influence in the wealth tech space by helping advisors tap a flourishing opportunity in financial planning for their clients.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Elon Musk endorsed Donald Trump for president last month, the Tesla founder and chief executive backed a candidate who vows to «drill, baby, drill,» «end the electric vehicle mandate» and reduce subsidies of the sort that helped Tesla become the U.S.'s dominant EV manufacturer. So instrumental have government loans, tax breaks and other EV policies been to Tesla's fast growth that despite Musk's gradual embrace of the former president and his Republican Party rhetoric in recent years, the company continues to lobby the U.S. and state governments for benefits championed by the Democratic Party. In February, for instance, Tesla in a filing with the U.S. Environmental Protection Agency, or EPA, urged the Biden administration to allow California to pursue stricter vehicle emissions rules than the rest of the country — an idea Trump opposes.

Prime Video, Netflix, Hulu are releasing a number of movies and documentary this week for viewers in the US. These new titles will be added throughout the week. It’s always worth paying attention when Paul Feig (“Spy,” “The Heat,” “Bridesmaids”) makes a comedy. In “Jackpot!,”coming to Prime Video on Thursday, Awkwafina plays a struggling actor whose winning lottery ticket has her on the run for her life. In this near-future California, residents compete to kill the winner before sundown in order to claim the winnings for themselves. One person who is on her side, and willing to help, is John Cena. The tear-jerker documentary “Daughters,” streaming on Netflix on Wednesday, follows four young girls as they prepare to reunite with their incarcerated fathers for a dance in a Washington, D.C., jail. Co-directed by Angela Patton and Natalie Rae, the film took over eight years to make as the directors earned the trust of the mothers, the daughters and the incarcerated men.