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AI startup funding hit a record in L.A. area last quarter. Here's who got the most money
L.A.-area startups received $1.8 billion in the third quarter, the highest quarterly amount for the region, according to CB Insights. Most of it went to a single company.
EV maker Rivian falls short of revenue projections for third quarter
The Irvine-based maker of electric pickup trucks and sport utility vehicles reported lower-than-expected revenue in the third quarter.
https://www.latimes.com/business/story/2024-11-07/rivian-ev-market
Fed cuts interest rates again, but Trump's victory makes future path much murkier
The Federal Reserve cuts interest rates for a second straight time in an effort to keep the economy humming. But it now must contend with a new unknown: a second Trump presidency.
https://www.latimes.com/business/story/2024-11-07/fed-cuts-interest-rate-cut-story
Column: Healthcare — and not just reproductive care — was on the ballot, and it lost big
Trump's victory endangers vaccines, Medicare and Medicaid recipients, and abortion rights. Here's the potential fallout
L.A. County to buy downtown skyscraper for new HQ despite a 'hell no' from Hahn
The Los Angeles County Board of Supervisors on Wednesday approved the county's purchase of the Gas Company Tower, one of downtown L.A.'
Elon Musk went all-in to elect Trump. What a second Trump presidency could mean for big tech
Trump's views on artificial intelligence, cryptocurrency, electric vehicles and other issues could reshape the tech industry.
How Trump's second presidency could bring more drama to Hollywood
From no federal aid to the threat of a tariff war or retaliation, the entertainment industry could be in for a bumpy ride under the incoming Trump presidency.
Kristin Scott Thomas confirms secret wedding to Bloomberg News' John Micklethwait
Oscar-nominated actor Kristin Scott Thomas confirms her recent marriage to Bloomberg News editor-in-chief John Micklethwait. They exchanged vows in England.
FTC lawsuit accuses L.A. cash app Dave of charging hidden fees
The Federal Trade Commission is accusing Los Angeles cash app Dave Inc. of misleading customers about fees, the amount of money it gives out and when they can get it.
https://www.latimes.com/business/story/2024-11-06/ftc-lawsuit-dave-cash-app
Beyond the big stock market rally, what does Trump's victory mean for the economy?
The Dow Jones industrial average surged more than 1300 points in early trading, with expectations that a new Trump term will bring big policy changes, including tax cuts.
https://www.latimes.com/business/story/2024-11-06/markets-reaction-to-election-results
LeBron James' SpringHill Co., 'Kardashians' producer in talks to merge
LeBron James' production company the SpringHill Co. is reportedly in talks to merge with Fulwell 73, the London-based studio behind 'The Kardashians.'
Column: A huge bank pleaded guilty to conspiring to launder money, so why weren't top executives charged?
TD Bank bills itself as 'America's most Convenient Bank.' The feds fined it $1.8 billion for being too convenient for human traffickers and fentanyl dealers.
Microdosing Ozempic? Why some people are playing doctor with weight-loss drugs
As demand for popular weight-loss drugs like Wegovy and Zepbound skyrockets, patients are taking dosage amounts into their own hands.
https://www.latimes.com/lifestyle/story/2024-11-05/microdosing-ozempic-weight-loss-drugs-diy-dosage
Overnight lines, mall fights and instant sellouts: Labubu toy mania comes to America
Everyone wants Labubu, a furry toy character with rabbit-like ears and a nightmarish grin. The frenzy is fortuitous timing for Pop Mart, the toy's maker, as it makes a major push into the U.S.
https://www.latimes.com/business/story/2024-11-05/labubu-craze
Labor board accuses Apple of suppressing employee discussions
In an unfair labor practice complaint against Apple, the National Labor Relations Board accused it of trying to prevent employees from discussing pay equity.
TGI Fridays files for bankruptcy protection, becoming latest restaurant chain to falter
After quietly closing several locations, the casual American dining chain TGI Fridays filed for Chapter 11 bankruptcy protection on Saturday.
B. Riley-backed Vitamin Shoppe owner files for bankruptcy protection
Vitamin Shoppe owner Franchise Group, which was taken private by B. Riley Financial in a troubled deal, has filed for bankruptcy but plans to keep operating most of its businesses.
After a century, concrete plant that helped build L.A. makes way for a deluxe tower
As the region grew up around it, a concrete plant in West Hollywood kept churning. Now, it has ceased operations to make way for development.
'Jeopardy!' and 'Wheel of Fortune' in the midst of a legal battle between Sony and CBS
For decades Sony and CBS have partnered to produce and distribute two of TV's longest-running and most popular programs, 'Wheel of Fortune' and 'Jeopardy!' Now the game shows are in the midst of ...
Carol Lombardini, studio negotiator during Hollywood strikes, to step down
Carol Lombardini, who represented the major studios during last year's Hollywood strikes, is stepping down as president and chief negotiator of the AMPTP.
Column: These Apple researchers just showed that AI bots can't think, and possibly never will
Apple's AI researchers gave these AI systems a simple arithmetic problem that schoolkids can solve. The bots flunked.
Shohei Ohtani leads the way in Dodgers setting merchandise sales record after World Series win
The Dodgers set a record for merchandise sales in the hour after beating the Yankees to win the World Series, according to Fanatics. Shohei Ohtani is the top-selling player.
Comcast considers spinning off cable channels like MSNBC. But analysts have doubts
Comcast is considering spinning off its cable network business, which includes USA Network, Syfy and Bravo, as the media giant grapples with the changes in the linear television industry.
Hall of Fame won't get Freddie Freeman's grand slam ball, but Dodgers donate World Series memorabilia
The Dodgers donate memorabilia from their World Series win over the Yankees to the National Baseball Hall of Fame and Museum, including Freddie Freeman's cleats.
https://www.latimes.com/sports/story/2024-10-31/dodgers-world-series-memorabilia-hall-of-fame
L.A. County sues Pepsi and Coca-Cola over their role in ongoing plastic pollution crisis
The suit is the latest in a series of high-profile legal actions California officials have taken against petrochemical corporations and plastic manufacturers.
Looking for new activities? Google wants you to turn to its navigation app
Google is adding more generative AI features to popular navigation apps such as Google Maps and Waze.
https://www.latimes.com/business/story/2024-10-31/google-maps-artificial-intelligence-waze
There are now 90 victims in McDonald's E. coli outbreak; lawsuits begin to roll in
At least 90 people have been diagnosed with E. coli in a multistate outbreak that health officials say likely stems from onions served on McDonald's Quarter Pounders.
Halloween is scaring up big sales for L.A. shops
Halloween spending has been on the rise for years and reached a record high in 2023, according to the National Retail Federation. Consumers are expected to spend a total of $11.6 billion on the h...
Boeing is looking to jettison the space business. Why it might hold on to its El Segundo satellite operation
Analysts expect that struggling Boeing Co. will hold on to its El Segundo satellite programs if it exits the space industry amid stiff competition from SpaceX.
Airlines team up with California to boost adoption of lower carbon jet fuel
Airlines announced a partnership with the California Air Resources Board to set policy to pave the way for wide adoption of sustainable aviation fuels.
Apple is trying to sell loyal iPhone users on AI tools. Here's what Apple Intelligence can do
Apple customers starting on Wednesday can go to Apple stores for sessions on Apple Intelligence — the company's suite of AI tools.
U.S. economic growth remains impressive. It's the envy of the world, except at home
The Commerce Department says U.S. gross domestic product, the broadest measure of economic output, expanded at a robust annual rate of 2.8% in the third quarter.
Mattel is revamping its work spaces as employees return to the office
Toy maker Mattel has signed a new lease to relocate its studio operations.
Robots can make your fries, salads and guacamole. Is this the future of fast food?
Miso Robotics in Pasadena is one of several tech startups betting their robots will appeal to fast-food chains searching for new ways to save money.
California EV sales inch up but Tesla posts a decline
Tesla still accounts for more than half of the EVs sold or leased in California, but its sales have fallen, and other EV makers are gaining market share.
Netflix might put Greta Gerwig's 'Narnia' in Imax theaters. Will it create a streaming blockbuster?
Netflix and Imax are in preliminary talks to bring Greta Gerwig's "The Chronicles of Narnia" to theaters. Here's what that means for the streamer's film strategy.
Column: Has Trump just repeated the PR disaster that cost Herbert Hoover his reelection?
In 1932, Hoover's attack on the Bonus Army awakened America to his heartlessness. Will Trump's New York rally do the same?
Port of Los Angeles receives unprecedented $400-million grant to electrify operations
The grant is part of a larger $3-billion initiative to deploy zero-emission equipment at the nation's ports, which are significant sources of pollution.
Troubled B. Riley raises $236 million in sale of apparel, Brookstone brands
B. Riley announces the sale of a portfolio of assets for $236 million, which will help the struggling Westwood-area financial services firm pay down debt related to buyout deal that went bad.
https://www.latimes.com/business/story/2024-10-29/b-riley-hurley-apparel-asset-sale-236-million
Column: Here are the billionaires in thrall to Trump, and why
Many of America's top billionaires have put their money on Trump's reelection. What do they expect to get in return?
A local LGBTQ+ nightclub was denied COVID-19 aid. Its owner is fighting back
Club Cobra, a Latin LGBTQ+ nightclub in North Hollywood, is among several businesses fighting for Shuttered Venue Operators Grants.
Will Newsom's expanded tax credit program save California's film industry?
Gov. Gavin Newsom unveiled plans over the weekend to raise the cap on California's film and TV tax credit program. Will it save Hollywood from ruin?
State Farm accused of funneling excess profits to parent as it seeks rate hike
State Farm is seeking a 30% rate hike, claiming its California unit is in financial trouble. Consumer Watchdog alleges the home insurer is hiding earnings.
https://www.latimes.com/business/story/2024-10-28/state-farm-general-mutual-reinsurance-rate-hike
In the battle of the brands, the Dodgers are strong but Yankees reign supreme
In the battle of the brands, the Dodgers are strong but still chasing the Yanks
Newsom calls for big boost in funding for California's film and TV tax credit, throwing Hollywood a lifeline
Gov. Gavin Newsom has unveiled plans to increase the cap on California's film and TV tax credit program to $750 million as Hollywood struggles to compete with rivals.
How Trump tariff threats might plunge Mexico into recession and stoke immigration
Few countries would be more affected than Mexico by Trump's threats to enact sweeping tariffs on imports. They could lead to more poverty, migration, some economists say.
L.A. Times owner's decision not to endorse in presidential race sparks resignations, questions
The L.A. Times owner's decision not to endorse in the 2024 presidential race prompts three editorial board members to resign and readers to cancel subscriptions.
Towering Ferris wheel to be part of San Pedro's West Harbor entertainment complex
A towering Ferris wheel to be part of San Pedro's West Harbor entertainment complex
Column: A Trump judge just overturned the government's most effective anti-fraud tool, which has stood for 160 years
A Trump judge just declared 'qui tam' anti-fraud lawsuits unconstitutional. They've been around since 1863.
Former 'Jeopardy!' staffers file discrimination, retaliation complaints against Sony
Former 'Jeopardy!' and 'Wheel of Fortune' staffers have filed discrimination and retaliation complaints against Sony Pictures Entertainment.
TKO to acquire Professional Bull Riders and other Endeavor assets in $3.25-billion deal
In an all-equity deal, publicly traded TKO will receive Professional Bull Riders, live events business On Location and global sports marketing agency IMG.
$1.80 dinners and budget clothes? The spread of frugality is hurting China's economy
Chinese consumers have become increasingly frugal. Experts say that's bad news for the country's economy.
Will teens save the movies? Here's what a surprising new study says about youth and Hollywood
A new UCLA study found that teenagers would prefer to go see a movie on opening weekend above all other forms of entertainment, including sports.
A wave of major listeria recalls shows food safety will 'never be perfect'
The safety of mass-produced food has improved dramatically in recent decades, but listeria, a common type of bacterium, presents unique hurdles.
Eastern Sierra housing crunch: With all this open land, why are so many workers living in vans?
In this big, beckoning land full of wide-open spaces, there's almost nowhere for working people to live. More than 90 percent of the land is owned by government agencies that have little interest...
Column: These red states say teens should be forced to have babies so the states don't lose congressional seats
Missouri, Idaho and Kansas are claiming that abortion pills should be illegal because they will lead to lower populations and lose them seats in Congress.
Opinion: It's time to tell the truth about how immigration affects the U.S. economy
Despite disingenuous scapegoating by Donald Trump and others, research shows immigrants are good for American business, employment and productivity.
Column: A reminder that the GOP used to be the pro-abortion party, and Democrats the anti party
Long before the battle over Roe vs. Wade, Republicans used to be the champions of abortion rights. What happened?
To keep deepfakes from infiltrating its site, Yahoo News enlists help from McAfee
To buttress its defenses against bogus, AI-generated images, Yahoo News is integrating deepfake-detection technology from McAfee into its system.
Walmart faces $7.5-million penalty for dumping hazardous and medical waste in California landfills
Walmart could pay up to $7.5 million in penalties following a 2021 lawsuit alleging the retailer dumped over 80 tons of hazardous waste in California landfills.
Disney is doubling its fleet of cruise ships. What that says about the company's strategy
As the future clouds for Walt Disney Co.'s lucrative theme parks business, one bright spot continues to be its cruise line.
Abcarian: Former California Rep. Devin Nunes once sued media companies. Now he's struggling to run one
The former California congressman, consummate Donald Trump lackey and Trump Media chief executive is being accused of mismanagement and cronyism.
Denny's to close 150 restaurants as restaurant chains continue to struggle
Denny's, one of many fast-casual chains struggling with higher costs and changing consumer demand, says it's closing about 150 restaurants.
New services for financially struggling Californians to come under more scrutiny by state regulators
The California Department of Financial Protection and Innovation is requiring four more types of consumer lending firms to register and turn over data to do business in California.
Column: Inside the abortion case that prompted a federal judge to call Florida officials 'stupid'
Florida Gov. DeSantis and his quack health commissioner threatened to jail people for running a pro-abortion commercial, until a judge called them 'stupid.'
'Blade Runner 2049' producer sues Elon Musk, Warner Bros. Discovery over Tesla Cybercab launch
'Blade Runner 2049' production company Alcon Entertainment sued Tesla, Elon Musk and Warner Bros. Discovery for copyright infringement. Here's why.
Back-to-office orders have become common. Enforcement not so much
More than four years after the COVID-19 pandemic scrambled work culture by closing offices and forcing people to work from home, friction between bosses and their employees over the terms of thei...
Medicare drug plans are getting better next year
Every year, Medicare officials encourage beneficiaries to shop around for their drug coverage. Few take the time. This year, it might be more important than ever.
https://www.latimes.com/business/story/2024-10-21/medicare-drug-plans-are-getting-better-next-year
U.S. agency launches investigation into Tesla's self-driving technology
The National Highway Traffic Safety Administration is investigating Tesla's autonomous driving technology after receiving reports of four crashes, including one that killed a pedestrian.
https://www.latimes.com/business/story/2024-10-18/tesla-full-self-driving-probe
Universal's new Florida theme park: When does it open and what will be there?
A new theme park is coming to the Universal Orlando Resort in Florida. The park will have areas dedicated to Nintendo, Harry Potter and other IP.
Union drive at Wells Fargo heats up as employees allege intimidation tactics
Wells Fargo employees seeking to unionize say the bank fired members of their proposed bargaining unit ahead of a scheduled vote.
AI is supposed to be Hollywood's next big thing. What's taking so long?
As AI technology advances, industry observers expect to see more deals between tech companies and studios and talent. But major challenges remain.
Toys aren't just child's play. Mattel, Lego and others find 'kidults' bring in big business
Mattel, Lego and other toy companies are targeting a growing number of adults who are buying toys for themselves.
Phillips 66 is closing Wilmington-area refineries after more than a century, marking the end of an era
Phillips 66 announced Wednesday that it will close its Wilmington-area refinery complex next year but will work with the state to continue supplying fuel to consumers.
https://www.latimes.com/business/story/2024-10-16/phillips-66-will-shut-historic-wilmington-refinery
FTC adopts 'click to cancel' rule to make it easier to end subscriptions, mirroring California law
A divided FTC adopted a powerful rule that requires companies to make it just as easy to cancel a subscription as it is to sign up for one.
EPA can force coal-fired power plants to drastically cut carbon pollution, Supreme Court says
Supreme Court rejects a series of emergency appeals from Republican-led states and the coal and electric power industries.
https://www.latimes.com/world-nation/story/2024-10-16/supreme-court-epa-coal-fired-power-plants
Hollywood production falls below strike levels as reality TV takes massive hit
Production levels in the Greater Los Angeles area in the third quarter of 2024 were 5% lower than they were during the strikes, according to FilmLA.
Amazon, Google tap into nuclear power to fuel data centers and AI push
E-commerce giant Amazon joins Google and other tech companies in investing in nuclear power they plan to use in the race to build new AI-powered products.
Disneyland to roll out exclusive line-skipping pass. Here's what it costs
Disneyland will soon allow a limited number of guests to buy a $400 pass giving them access to all Lightning Lane attractions without having to book specific times to ride.
Listeria recall expands to 12 million pounds of meat and poultry sold at Trader Joe's, Target and others
Meat producer BrucePac is recalling nearly 10 million pounds of meat and poultry products sold at Trader Joe's, Target, Kroger and other retailers because they might be contaminated with listeria...
https://www.latimes.com/business/story/2024-10-16/listeria-recall
Column: Elon Musk's dumbest idea is to send human colonists to Mars
Elon Musk thinks humankind's only safety valve is to move multitudes to Mars. He has no idea how foolhardy and dangerous that would be.
In Colorado Springs, a Club Q hero and his wife become local leaders
Jess and Rich Fierro might not like to be called heroes, but they gladly wear the label of leaders — and they want to inspire other Latinos to do the same.
'Where does it stop?' Warehouse advance in Riverside County threatens rural lifestyle
Will Riverside County leaders erase the zoning barrier that separates industrial warehouses from rural homes in Mead Valley? Or is this the moment that the proliferation of distribution centers s...
"They're a huge vibe." A new wave of photogenic products want to help Gen Z quit vaping
A rush of Instagram-approved products have flooded the NRT market over the last few years. They have a new audience in mind: vapers.
https://www.latimes.com/lifestyle/story/2024-10-16/gen-z-vaping-quit-nrt-products-blip-jones
Trump won't confirm he talked with Putin, and says there was 'love and peace' on Jan. 6
During a Q&A, Trump shared his views on tariffs, monetary policy and the Federal Reserve. But he also went on meandering digressions.
https://www.latimes.com/politics/story/2024-10-15/2024-election-trump-putin-tariffs-jan-6
Walgreens plans to close 1,200 stores; its stock price sees a double-digit jump
Walgreens announced plans to close 1,200 stores over three years. Its CEO previously has said roughly a quarter of locations were underperforming.
Charter cuts jobs, programs on Dodgers and Lakers channels
Charter Communications is cutting back behind-the-scenes Lakers and Dodgers shows airing on SportsNet channels. Game coverage is not expected to be affected.
SAG-AFTRA, video game companies resuming negotiations as actors' strike continues
SAG-AFTRA and the video game companies are resuming contract negotiations for the first time since video game actors went on strike.
Navigating this world-record corn maze is a test of the human psyche
Cool Patch Pumpkins in Solano County has twice held the Guinness World Record for world's largest corn maze. Over the years, the maze has served as a towering 60-acre experiment in human psycholo...
Wedbush Securities joins downtown L.A. exodus, opting for smaller, more flexible office in Pasadena
Wedbush Securities is moving from a downtown L.A. tower to Pasadena, where it will occupy smaller offices suitable for employees with hybrid schedules.
Column: Can Stanford tell the difference between scientific fact and fiction? Its pandemic conference raises doubts
Pandemic conspiracy-mongers shared the stage with scientists and public health advocates at a Stanford University conference. Should they have even been let into the room?
Former Outfest executive director Damien Navarro sues the organization
Former executive director Damien Navarro is suing Outfest for discrimination and retaliation after his contract was not renewed amid the nonprofit's financial turmoil. Outfest is known for its pr...
Legendary buys out China's Wanda ownership stake
'Dune' production company Legendary Entertainment has bought out the stake previously owned by Chinese conglomerate Wanda Group.
In deal to lower huge debt, B. Riley sells stake in its liquidation business
Troubled L.A. financial services firm B. Riley is selling a stake in its Great American liquidation and appraisal business in a $386 million deal to lower its debt and recover from a scandal that...
Column: Trump flipped on EVs, but he still loathes windmills. That's a problem for California
Trump hates windmills with the power of a thousand turbines. That could hurt California, which is becoming more reliant on renewable energy.
The 'Baby Reindeer' case against Netflix could hinge on one line: 'This is a true story'
Netflix chose to open 'Baby Reindeer' with the message, 'This is a true story.' That choice could influence the outcome of an ongoing legal case.
O.C. man charged with workers' comp fraud involving $100 million of billings
Four men face charges from the Orange County district attorney's office in connection with allegedly billing nearly $100 million in fraudulent fees.
SpaceX successfully launches and catches Starship booster in fifth test flight
In an engineering feat, SpaceX launches enormous Starship rocket booster and successfully catches it back at the launch pad with mechanical arms.
Judge approves Fisker bankruptcy plan favored by car owners
Fisker Inc. will wind down operations under a bankruptcy plan approved Friday that should allow owners to drive their cars for years. But it will not pay anything to shareholders wiped out invest...
https://www.latimes.com/business/story/2024-10-11/sec-confirms-it-is-investigation-fisker
California's ban on certain hemp products clears early legal challenge
Cannabis businesses sued a California public health agency in September to block the enforcement of emergency regulations that ban certain hemp products.