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Economic Development
Incentives, investment and growth plans.
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Fed minutes: Another rate hike likely coming this year to combat persistent inflation
1+ day, 1+ hour ago (545+ words) Federal Reserve officials are expecting another interest rate increase in 2026. WASHINGTON, D.C. -- Most Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation, according to minutes released Wednesday from the central bank’s most…...
San Fernando Valley man's $3k power bill being investigated by LA city controller
4+ day, 13+ hour ago (426+ words) October 7, 2026 / 9:59 PM PDT / CBS LA A San Fernando Valley man who is documenting his mission to lower his astronomically high power bill on social media has found others with similar issues as his own case gets investigated by city officials....
CHINESE MANUFACTURER FULLGOOD MOTOR MAKES ITS UNITED STATES DEBUT AT LOS ANGELES AUTO SHOW, SEEKING AMERICAN MANUFACTURING AND DISTRIBUTION PARTNERS
6+ day, 4+ hour ago (258+ words) The Beijing manufacturer of retro-styled plug-in hybrids will follow a path used by nearly every international automaker entering the U.S. market by starting in Los Angeles and will leverage AutoMobility LA's global media platform on Nov. 19 to seek U.S.-based investment, assembly…...
U.S. adds disappointing 29,000 jobs in September as unemployment ticks up
1+ week, 3+ day ago (714+ words) The monthly jobs report is released on the first Friday of every month. Here is what you need to know. U.S. employers added a disappointing 29,000 jobs and the unemployment rate ticked up last month, the government reported Friday, a month before…...
California's economic growth expected to continue, but slowly and with few jobs gains
1+ week, 3+ day ago (661+ words) Boosted by investments in AI, a revitalized aerospace industry and a growing U.S. defense budget, California’s economic growth is expected to continue outpacing the nation, according to a forecast from the UCLA Anderson School of Management. However, tariffs, deportations and high…...
RL Remodeling Marks Two Decades of Family-Style Building in Los Angeles as Demand Drives Expansion Across Southern California
2+ week, 9+ hour ago (585+ words) "We never set out to be the biggest remodeling company in LA," said the owner of RL Remodeling. "We set out to be the one people recommend to their neighbors. Everything else followed from that." A Family Model in an…...
California begins process to eliminate marital status-based auto insurance rates
3+ week, 2+ day ago (191+ words) California Insurance Commissioner Ricardo Lara is moving to stop auto insurers from using marital status when setting rates. California begins process to eliminate marital status-based auto insurance rates Your auto insurance could be going down if you're single, divorced or…...