California business

California Unveils New Rules for Self-Driving Big Rigs

News Summary California's Department of Motor Vehicles has announced new regulations allowing the testing of self-driving heavy-duty trucks on public…

4 days ago

Valero Energy Writes Down $1.1 Billion Amid California Uncertainty

News Summary Valero Energy's recent announcement of a $1.1 billion writedown on its California oil refineries poses significant challenges for…

5 days ago

California Surpasses Japan: Now Fourth-Largest Economy

News Summary California has reached a remarkable milestone, becoming the fourth-largest economy in the world with a GDP of $4.1…

5 days ago

California Hits Kaiser Permanente with $819,500 Fine

News Summary The California Department of Managed Health Care has imposed a fine of $819,500 on Kaiser Permanente for failing…

5 days ago

California Shines Bright as 4th-Largest Economy in the World

News Summary California has officially become the world's fourth-largest economy, surpassing Japan with a nominal GDP of $4.1 trillion. As…

5 days ago

Bellevue Suburb Experiences Major Apartment Complex Sale

News Summary A 195-unit apartment complex in Bellevue, Seattle, has been sold for $68.5 million amid a rising affordability crisis…

6 days ago

Southern California Edison Announces Dividend Payments

News Summary Southern California Edison has announced dividends for shareholders, scheduled to be paid on June 15, 2025. Shareholders must…

6 days ago

Trader Joe’s Expands with 21 New Locations

News Summary Trader Joe's is set to open 21 new store locations across the United States, including five new spots…

6 days ago

California’s Housing Crisis: A Financial Burden

News Summary California is grappling with a severe housing crisis, where households spend 44% of their income on housing expenses.…

6 days ago