California Business News

News Summary As California enters 2025, the state is undergoing significant economic changes, including rising egg prices due to a bird flu outbreak, a bakery

News Summary The California Transportation Commission has announced a $9.98 million allocation to enhance the resiliency of the LOSSAN rail corridor in Orange County. The

News Summary Valero Energy Corporation has declared plans to possibly idle, restructure, or cease operations at its Benicia Refinery by April 2026. This decision has

News Summary The Valero refinery in Benicia, California, which has been a vital part of the local economy for over 25 years, may shut down

News Summary California has announced an automatic six-month extension for tax filings for residents affected by January’s wildfires. This extension provides relief by moving the

News Summary State Farm, California’s largest home insurer, has announced a request for an average rate increase of 22%, citing financial struggles due to the

News Summary California Governor Gavin Newsom has provided prepaid cellphones to leaders of the state’s top 100 companies, each equipped with his personal phone number.

News Summary California has enacted 18 new AI laws as of January 1, 2025, aiming to regulate artificial intelligence across various sectors. With a focus

News Summary California’s real estate market is now facing challenges as 700 condominium complexes are placed on a mortgage blacklist by Fannie Mae and Freddie

News Summary Los Angeles is experiencing a significant downturn in tourism, with foot traffic down and international visitors declining due to tariffs and political tensions.