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Trump tees up tariff hikes on top trading partners. What's at stake for California?
When President-elect Donald Trump announced he would impose sweeping tariffs on key trading partners on his first day in office, he signaled a return to a favorite strategy: a reverse carrot-and-stick that applies the stick of dire consequences in order to force countries to give him what he wants. In this case, that means a tougher crackdown on...Read more
It just got a little easier to become a casino security guard in Nevada
Nevada regulators have found a solution to casinos’ inability to hire armed security guards quickly by amending a regulation that required applicants to have a concealed-carry permit in hand before being allowed to start work.
The Nevada Gaming Commission last week unanimously approved amendments to Regulation 5 on the operation of gaming ...Read more
Long dominated by charismatic founders, Vanguard and SEI went outside for new bosses
When two financial giants based in the Philadelphia suburbs wanted to hire top investment executives this year, both Vanguard Group and SEI Investments searched outside their own ranks and added ambitious leaders from New York-based BlackRock, the world’s largest investment manager.
In May, Malvern, Pennsylvania-based Vanguard, which manages ...Read more
Trump's second presidential term could be a boon for cryptocurrencies
The cryptocurrency industry raised millions in donations for Donald Trump’s presidential campaign, and now insiders hope to take that investment to the bank.
The crypto industry is optimistic about Trump’s second term, pushing for policies friendly to digital currencies, including a revamp of the Securities and Exchange Commission.
Over ...Read more
Seattle-area return-to-office mandates strain household budgets
After Jessica Poe, 41, separated from her husband in February, she found it hard to remain in Seattle.
Poe set out in search of a new home for herself and her two dogs. But she quickly realized that it’d be hard to find a spacious, pet-friendly apartment within her budget of $1,900 per month. So, she moved out of the city and into a small ...Read more
How to shop Black Friday like a pro (and score Target's Taylor Swift merch)
Some say Black Friday isn’t the spectacle it once was.
Tell that to the hundreds standing in line at the Mall of America in Bloomington, Minnesota, in the chilly morning hours year after year.
“There are special deals that only happen on Friday,” said Jill Renslow, chief business development and marketing officer at the mall. “And it�...Read more
Once Xcel's last coal plant in Colorado closes, is nuclear energy an option to replace its jobs, electricity?
For decades, Xcel Energy’s sprawling Comanche Station coal facility near Pueblo has generated power for customers across the utility’s service territory in Colorado — and has generated thousands of jobs and millions of dollars in tax revenue for local governments, schools and special districts.
As part of the state’s transition to ...Read more
Why did California 'kill' its booming hemp-derived THC industry?
A dark-haired man in a worn flannel coat walked into a Dino Mart convenience store on a busy street in North Hollywood one recent weekday afternoon. He perused the shelves before landing on a mini-fridge stocked with colorful cans near the chip aisle.
As he purchased a drink and walked back out of the shop, Esmeralda Reynoso, a supervising ...Read more
Bankrate's 2024 holiday spending report
This winter, amid the holiday parties and gift-giving, many Americans will be doing their best to keep holiday celebrations within budget. While the current annual inflation rate is back to levels seen in early 2021, prices of common goods going into the holiday season are still much higher than they were pre-pandemic, according to the Bureau of...Read more
As you're shopping this season, beware these common holiday scams
Imagine you’ve got the perfect holiday gift idea for your kiddo, but it’s sold out in stores. Luckily, you found a seller online who can ship the gift for a low price! They send you a link to their digital payment account so you can pay for the gift in advance. After all, the item is popular, and you want to get it before someone else does. ...Read more
1 in 4 people say they'll go into debt for the holidays. Is social media to blame?
Americans are used to being bombarded with holiday advertising in shopping malls and TV commercials. But now, ads have infiltrated our evening scroll. Companies and influencers tell us to buy this gift or that decoration to impress our friends, get a great deal or have the best-decorated yard on the block.
More than 1 in 4 holiday shoppers (27%...Read more
Commentary: College football is now just a business, each player a free agent -- and the fans lose
On Saturday at Yankee Stadium, Notre Dame’s Fighting Irish (ranked No. 6 before the game) played Army’s Black Knights (No. 18) in one of the great rivalries in college football. Once known as “The Game,” the teams’ first meeting in 1913 was the moment the forward pass modernized the sport (a dazzling 35-13 win for the Irish, with ...Read more
Walmart, world's biggest retailer, will curb diversity efforts
Walmart Inc. is reversing course on diversity, equity and inclusion initiatives, joining a growing list of businesses retreating on DEI programs targeted by conservative activists.
The world’s biggest retailer will no longer consider race and gender to boost diversity when granting supplier contracts, and stop collecting demographic data when...Read more
Sunny but expensive: Thousands more workers left California than arrived during a stretch last year. Here's where they went
LOS ANGELES — California, home to a rich pool of talent in major industries such as film and tech, has lost thousands of workers to states that have a lower cost of living and other perks, according to a recent report.
The National Association of Realtors, which analyzed U.S. census data from the third quarter of 2023, found nearly 87,000 ...Read more
Detroit's Renaissance Center would lose two towers, add apartments, riverfront park under new proposal
DETROIT — The Renaissance Center would shrink to three towers with residential, office and hotel tenancy to create space for a six-acre riverfront park in a more than $1.6 billion redevelopment plan dependent on $250 million in state support that would make billionaire mortgage mogul Dan Gilbert's real estate firm shared owner of the complex ...Read more
PG&E eyes fresh increase in monthly bills, which could arrive in 2025
OAKLAND, California — PG&E is seeking a fresh increase in monthly bills — yet again — for its residential customers, this time to help the utility titan meet demand for new housing, commercial real estate and healthcare projects.
The latest proposal would produce an average increase of $3.65 a month for PG&E residential customers, ...Read more
Quikrete cements $11 billion deal to create building materials behemoth
Quikrete, the privately held Georgia concrete and cement company, will buy Denver-based Summit Materials in a deal worth more than $11 billion, including assumed debt.
Quikrete is the top producer of packaged concrete and cement mixes in North America, and the combination will create an even bigger construction materials giant.
Quikrete will ...Read more
Can Trump end California's autos emission rule supremacy?
WASHINGTON — Environmental groups and the U.S. Environmental Protection Agency, still under the control of President Joe Biden, are bracing to protect California’s central role in regulating vehicle emissions against what could be a formidable deregulatory push from President-elect Donald Trump.
The lame-duck Biden administration has not ...Read more
California to offer EV rebates if Trump kills $7,500 tax credit, Newsom says
California is prepared to offer state tax rebates for electric vehicle purchases if the incoming Trump administration scuttles the federal EV tax credit, according to Gov. Gavin Newsom.
“We will intervene if the Trump Administration eliminates the federal tax credit, doubling down on our commitment to clean air and green jobs in California,�...Read more
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