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San Francisco’s Fisherman’s Wharf to Get $10 Million Renovation
Still reeling from COVID-19 shut down, the Wharf is marred by vacant restaurants and dilapidated infrastructure.
Is the Fed Listening to All the Data?
The Beige Book, plus the bulk of last week’s economic data, should convince the Fed that they must cut key interest rates when they meet next week.
US Economy Adds 139,000 New Jobs in May, Topping Market Forecasts
Health care and leisure and hospitality lead the employment gains.
Gen Z Leads the Way for DIY Projects on ‘Fixer-Upper’ Houses, Survey Finds
Gen Z is the most likely to buy older homes needing renovation and struggles the most with the financial burdens of maintaining them.
California Lawmakers, Regulators Clash Over Refinery Closures, High Gas Prices
A tense committee hearing prompts officials from both sides of the aisle to call for the resignation of the California Air Resources Board chair.
US Personal Income Growth Accelerates in April, Surges 0.8 Percent
‘And it will only get better,’ said President Donald Trump.
California’s High Costs, Low Incentives Are Scaring Away Film and TV Producers, Report Says
The state has become uncompetitive, a Milken Institute study found. The institute recommended increasing tax credits for producers.
Los Angeles Mayor’s Order Aims to Boost Local Film and TV Production
The new directive calls for streamlined permitting and easier access to landmark locations in the city.
All Eyes on States’ Fiscal Health After Moody’s US Downgrade
A dozen states, including Florida, North Carolina, Tennessee, and Texas, have perfect credit scores.
Google to Pay $1.4 Billion to Texas, Settle Data Privacy Case
The settlement is related to multiple complaints alleging the company accessed users’ location and biometric data without consent.
Newsom Disputes Analysis by USC Professor on Potential Rise in California’s Gas Prices
Michael Mische estimated that regular gasoline prices in California could rise by as much as 75 percent by the end of 2026.
US Jobless Claims Decline, Reinforcing Strength in Labor Market
Both initial and continuing jobless claims declined for the week ending May 3.
Federal Reserve Leaves Interest Rates Unchanged, Warns of Stagflation
‘Despite heightened uncertainty, the economy is still in a solid position,’ Fed Chair Jerome Powell said.
The Fed Will Likely Make Excuses Rather Than Rate Cuts This Week
This week is all about the Fed. The Fed governors hinted that Friday’s healthy jobs report makes a rate cut this week less likely.
White House Says No Final Decision Yet on Foreign Film Tariffs Amid Push to Revive Hollywood
The White House said ‘all options’ are being explored after Trump authorized a 100 percent tariff on movies made outside the United States.
Port of Los Angeles Warns Potential 35 Percent Drop in Cargo Arrivals Due to Tariffs
The port is expected to see a considerable drop in container shipments next week as a result of new tariffs.
As Tariffs Fall, the European Media Remain Negative
Secretary Bessent pointed out that retail trading has been light since the tariffs were announced and that the volatility was primarily institutional in nature.
California Became the World’s Fourth-Largest Economy in 2024
The state’s economy ranked fourth-largest internationally behind the United States as a whole, China, and Germany.
Truth Social is an Unlikely New Market Barometer
President Trump’s Truth Social has emerged as perhaps the most important “tip sheet” for stock market timing.
