Los Angeles is facing a sharp decline in tourism as visitors stay away amid rising costs, safety concerns, and changing travel trends. Local businesses and officials explore solutions to revive the city’s once-thriving tourist economy.
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Business Insider ranks the 20 highest-paid U.S. city mayors, revealing significant salary disparities across major metropolitan areas. The list highlights how leadership compensation reflects urban scale and complexity.
Federal agents have dismantled a family-run drug operation tied to a Mexican cartel, prosecutors announced. The bust in Los Angeles marks a significant blow to regional narcotics trafficking networks.
Companies continue to cut jobs amid economic shifts, sparking concerns about AI-driven automation. Experts urge caution but stress that AI complements rather than fully replaces human roles. Worker vigilance remains key.
Car review site Edmunds tests a Chinese SUV, praising its quality and features. The move signals growing competition, with analysts warning U.S. automakers to take notice of China’s rising automotive market presence.
A landmark trial accusing major social media companies of purposely addicting children to their platforms has begun, spotlighting concerns over youth mental health and online safety. (NBC News)
A UK business delegation has launched the “Greater Together Los Angeles” initiative, aiming to strengthen trade and investment ties between the UK and US. The move highlights growing transatlantic economic collaboration.
Chinese coffee giant Zhejiang-based Yum China is set to acquire Oakland-born Blue Bottle Coffee, expanding its global footprint. The deal marks a significant move in the specialty coffee market.
US pump prices are expected to remain high despite the US-Iran ceasefire deal, according to market observers. Supply concerns and ongoing geopolitical risks continue to pressure fuel costs, Reuters reports.
Owners of damaged downtown L.A. businesses express continued support for protesters advocating change but condemn the destructive actions of “hoodlums” responsible for property damage, highlighting a complex community response.
Tina Knowles and leading Black-owned businesses were honored at the Fifteen Percent Pledge gala, celebrating efforts to promote economic equity and amplify Black entrepreneurship. The event highlighted ongoing commitments in the retail industry.
US container imports dropped 6.8% in January, signaling a shift toward more normalized trade volumes, according to Descartes Systems Group. The decline follows pandemic-driven surges, hinting at stabilized supply chain conditions.
Bank of America’s Business Advantage Travel Rewards card offers flexible travel points with no annual fee. Our full review covers rewards, benefits, and how it stacks up for small business owners.
The US trade deficit widened in December as a surge in imports outpaced exports, signaling strong consumer demand. Meanwhile, the labor market remains steady, reflecting ongoing economic resilience.
The LA500, featured in the Los Angeles Business Journal, ranks the most influential business leaders in the region. It highlights top executives shaping L.A.’s economic landscape across various industries.
The U.S. transportation agency will host a forum with CEOs from Waymo, Zoox, and Aurora to discuss self-driving safety, aiming to advance regulations and address key industry challenges, Reuters reports.
US job openings and hires remain steady, signaling a stable labor market despite economic uncertainties. Data from the Labor Department reflects consistent demand for workers, suggesting resilience in employment trends.
Parent Co. has officially filed to go public in the US, aiming to list on a major exchange. The move marks a significant step in its growth strategy, attracting strong investor interest. Details to follow.
Los Angeles hospice fraud schemes have reportedly defrauded Medicare of billions, with providers using fake companies to exploit the federal system, according to a Fox News investigation. Authorities are cracking down.
Olive Young, South Korea’s leading beauty retailer, has outpaced Sephora domestically and now sets its sights on the U.S. market. The brand aims to tap into the growing demand for K-beauty abroad, challenging established players.