Business stories in Los Angeles

Michael Mische, an energy industry CEO and former USC tennis standout, shares insights on the recent tax policy changes under the Trump administration. He views the new policy on red dye diesel tax referrals as a positive development for the industry.

Skechers is selling its corporate headquarters in Manhattan Beach, a three-story office building near the Pacific Ocean. The property, covering nearly 30,000 square feet, is being marketed through a competitive bidding process by CBRE.

The rights holders of Elvis Presley's song catalog have filed a lawsuit against Anthropic, alleging the AI company used his songs without permission to train its AI agent, Claude. They are seeking $50 million in damages and claim Anthropic ignored copyright laws.

As tech firms develop advanced AI, they are consulting religious leaders to instill moral values in their systems. However, experts caution that differing religious traditions may complicate this approach.

A recent analysis reveals that California renters save an average of $3,839 monthly compared to homeowners, as rising home payments far exceed rental costs. With median rents at $2,929 and home payments at $6,770, the gap is expected to widen over the next two decades.

As lease expirations approach, business owners face critical decisions about renewing, relocating, or restructuring their real estate needs. A recent discussion highlights the importance of assessing business requirements over simply looking for available spaces.

A Roblox shareholder has filed a lawsuit against the company's CEO and directors, claiming they misled investors about the effects of age verification checks on user growth. The lawsuit alleges that these checks have significantly reduced daily active users and accuses the CEO of profiting from insider sales.

Meta has postponed the implementation of its new terms of service, which would have allowed the company to scrape content from users' websites for AI purposes. The delay, now set for November 20, aims to address concerns from media and legal experts about the fairness of these changes.

A recent report reveals that California has the highest number of expensive ZIP codes in the U.S., with 69 neighborhoods making the list. Los Angeles County leads with 15 ZIP codes, highlighting the state's ongoing housing affordability crisis.

Apple's new iPhone Duo, its first foldable smartphone, launched to enthusiastic fans camping outside stores across Los Angeles. The device features a compact design that transforms into a mini-tablet and is priced just under $2,000.

U.S. futures are under pressure as oil prices reach levels not seen since May, impacting stock markets. Brent crude rose to $114.92 per barrel, while gasoline prices continue to climb, averaging $4.29 per gallon nationally.

Apple has released its first foldable iPhone, the iPhone Duo, priced at $2,000. Combining a phone and mini tablet, early users report mixed experiences.

Cal State Fullerton economists report that California's economy is growing, driven by investments in AI and defense, but hiring remains weak. They warn that 17% of Orange County's workforce is at risk of disruption due to AI, raising concerns about job stability.

Donald Trump and his cryptocurrency venture, World Liberty Financial, are facing a lawsuit from a shareholder of a rival firm. The suit alleges that Trump violated the U.S. Constitution by profiting from foreign government transactions.

Airbnb has announced a new policy that limits checkout chores for guests, effective November 20. Hosts can only make 'reasonable' requests, addressing ongoing concerns about cleaning fees and expectations.

As homeownership becomes increasingly unaffordable, adjustable-rate mortgages (ARMs) are trending due to their lower initial rates. However, potential borrowers should be cautious as these loans can be tricky and may not offer the savings they expect.

A truckers' protest in southern Italy has disrupted the production of buffalo mozzarella, leading to an estimated loss of 3 million euros in just 24 hours. The blockade has prevented milk from reaching dairies and finished cheese from reaching customers, raising concerns among farmers and producers.

A recent Consumer Reports survey indicates that 20% of Americans are reducing grocery purchases to manage rising electric bills. This trend highlights the financial strain many households are facing due to soaring utility costs.

Global markets fell sharply on Thursday, driven by a significant drop in AI stocks amid rising oil prices due to geopolitical tensions. The S&P 500 and Nasdaq composite experienced their worst days since July, overshadowing gains in other sectors.

Musk said that aerospace firm SpaceX and EV carmaker Tesla were considering a tie-up, confirming speculation that what would be the biggest corporate merger ever is a real possibility.

Governments and corporations are addressing critical vulnerabilities in PHP, a programming language used by 70% of websites. The FBI has warned that these flaws could allow remote code execution, prompting many sites to go offline for urgent security updates.

Airbnb is implementing new rules that will limit the chores hosts can require from guests before checkout. This change aims to address concerns from the community about confusing and burdensome house rules.

A New Mexico judge has ordered Meta to pay $25 billion after a jury found the company liable for deceiving users about privacy on Facebook. The ruling stems from over 43 million violations related to the Cambridge Analytica scandal, where user data was misused for political advertising.

A New Mexico judge has ordered Meta to pay $25 billion after a jury found the company liable for misleading users about privacy policies. This ruling stems from the Cambridge Analytica data breach affecting over 43 million users in the state.

The U.S. stock market saw gains on Wednesday, driven by strong profit reports from SpaceX and other major companies. While SpaceX's stock surged 7.8%, Netflix faced a decline despite reporting better-than-expected profits.

Starting in the 2026 tax year, taxpayers taking the standard deduction can claim up to $1,000 for individual and $2,000 for joint charitable cash contributions. This change aims to benefit millions who previously received no tax advantage for their donations.