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)
Browsing: Business
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.
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.
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.
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.
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.
Californian authorities have recalled a brand of chocolate after tests revealed it was spiked with ingredients found in Viagra. Consumers are urged to avoid the product due to potential health risks.
The UK has dispatched its largest-ever business delegation to the US for the Greater Together Los Angeles event. This move aims to strengthen trade ties and boost investment opportunities between the two nations.
A Beverly Hills asylum seeker is suspected of fleeing the U.S. after pledging to pay a $150 million court judgment, raising questions about enforcement and immigration policies, authorities report.
TikTok creators have welcomed a new deal aimed at keeping the app operational in the U.S. The agreement addresses national security concerns, ensuring continued access for millions of users and preserving creators’ livelihoods.
Prices for new cars have surged sharply, driven primarily by ongoing supply chain disruptions and a global shortage of semiconductor chips, Reuters reports. This key factor continues to push vehicle costs to record highs.
California drone maker announces multi-billion dollar investment to expand manufacturing facilities in the state, boosting local jobs and the tech industry, reports the Los Angeles Times.
Rising gas prices are straining US household budgets, with a Reuters/Ipsos poll revealing growing financial stress. Consumers anticipate further price hikes, signaling continued economic challenges ahead.
Los Angeles is leading the nation in a massive population exodus as residents flee rising costs and congestion. The city’s ongoing challenges have pushed the Golden State to its breaking point, Fox Business reports.
First Republic Bank is expanding its Century City presence, leasing 100,000 square feet to accommodate growth. The move highlights increased demand for premium office space in Los Angeles’ thriving business district.
Passenger traffic at Los Angeles airports has plunged sharply, deepening concerns for the local travel industry. The slump reflects broader economic pressures and ongoing challenges in air travel demand.
A California-based company has recalled thousands of salad dressing cases due to potential contamination with foreign objects. The Los Angeles Times reports consumers are urged to check products and avoid consumption.
Rocket Lab has been selected for a key test launch, marking a significant milestone for the aerospace firm. The event, highlighted by the Los Angeles Business Journal, underscores Rocket Lab’s growing role in the commercial space sector.