California Business News

California Faces Economic Shifts and Culinary Highlights in 2025

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

2 weeks ago

California Allocates Emergency Funds for Rail Improvement

News Summary The California Transportation Commission has announced a $9.98 million allocation to enhance the resiliency of the LOSSAN rail…

2 weeks ago

Benicia Faces Major Economic Shift as Valero Energy Announces Operational Cease by 2026

News Summary Valero Energy Corporation has declared plans to possibly idle, restructure, or cease operations at its Benicia Refinery by…

2 weeks ago

Benicia Faces Uncertain Future as Valero Refinery Considers Closure

News Summary The Valero refinery in Benicia, California, which has been a vital part of the local economy for over…

2 weeks ago

California Tax Filing Deadline Extended for Fire Victims

News Summary California has announced an automatic six-month extension for tax filings for residents affected by January's wildfires. This extension…

2 weeks ago

State Farm Proposes Major Rate Hikes for California Home Insurance

News Summary State Farm, California's largest home insurer, has announced a request for an average rate increase of 22%, citing…

2 weeks ago

Governor Newsom Sends Prepaid Cellphones to Business Leaders

News Summary California Governor Gavin Newsom has provided prepaid cellphones to leaders of the state's top 100 companies, each equipped…

2 weeks ago

California Implements 18 New AI Laws for 2025

News Summary California has enacted 18 new AI laws as of January 1, 2025, aiming to regulate artificial intelligence across…

2 weeks ago

California Condominiums Face Selling Challenges as Blacklist Grows

News Summary California's real estate market is now facing challenges as 700 condominium complexes are placed on a mortgage blacklist…

2 weeks ago

Los Angeles Tourism Struggles Amid Tariffs and Recovery Challenges

News Summary Los Angeles is experiencing a significant downturn in tourism, with foot traffic down and international visitors declining due…

2 weeks ago