California Business News

News Summary California lawmakers have removed a proposed increase to the film and TV tax credit cap from legislation aimed at revitalizing the entertainment industry.

News Summary The Business Journal celebrated its largest haul at the California Journalism Awards, winning 10 first-place and seven second-place awards. Recognized for excellence in

News Summary State Farm General has proposed a significant 30% increase in homeowner insurance rates in California, following a previous approval of a 17% interim

News Summary The US Senate has voted 51-44 to repeal California’s initiative that bans the sale of gasoline-powered vehicles by 2035. This decision undermines California’s

News Summary In January, small business optimism experienced a slight decline according to the NFIB’s Small Business Optimism Index. This marks the third consecutive month

News Summary Governor Gavin Newsom of California announced a 67% reduction in funding for a journalism initiative intended to support struggling newsrooms, cutting the planned

News Summary State Farm has requested an additional 11% rate increase on top of a recently approved 17% hike for homeowners’ insurance in California. This

News Summary California is set for a crucial Senate vote next week regarding the proposed lifting of the ban on new gas-powered vehicles scheduled for

News Summary The eastbound international container volume from Southern California hit a six-month low, dropping 5% from the previous week. This downturn is attributed to

News Summary Walmart plans to permanently close five retail locations in California by the end of 2025, aiming to enhance profitability and optimize store presence.