California Business News

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.

News Summary Local crab fishermen in California are piloting pop-up gear to minimize whale entanglements while revitalizing their industry. This innovative technology could transform crab

News Summary In 2024, California witnessed a remarkable surge in entrepreneurial activity, with over 43,000 new business applications monthly. Despite a slight decline from 2023,

News Summary The 35th Annual Southern California Spring Garden Show will take place from April 24 to April 27, 2025, at South Coast Plaza in