California Business News

News Summary California lawmakers are proposing a significant overhaul of the Film and Television Tax Credit Program, aiming to allocate $750 million annually. This move

News Summary Genetic testing company 23andMe has filed for Chapter 11 bankruptcy as it faces severe financial challenges. Once valued at $6 billion, its market

News Summary 23andMe has filed for Chapter 11 bankruptcy, raising significant concerns over data privacy for its over 15 million customers. Following the resignation of

News Summary California winemakers are reacting with unease to President Trump’s proposed 200% tariff on imported wines and alcoholic beverages from the EU. While some

News Summary California is witnessing significant news impacting residents and businesses, from new homeowner fees affecting 8 million residents to enticing food promotions. Homeowners are

News Summary American Business Bank has opened a new Loan Production Office in San Diego, located at 4727 Executive Drive. This expansion aims to cater

News Summary California’s post-pandemic job market shows disappointing performance, lagging behind with the fourth-lowest job creation rate in the nation. Government-supported sectors are leading job

News Summary California regulators have given Tesla the green light to operate a ride service using Tesla-owned vehicles for employees. This approval marks a significant

News Summary California has achieved a remarkable milestone as 25% of new cars sold in the state are now electric vehicles (EVs). The growth is

News Summary California is considering a new Road Charge to replace its traditional gas tax due to declining revenue from gas taxes as electric vehicles