The Los Angeles City Council voted Wednesday to approve a sweeping package of minimum wage increases for workers in the tourism industry, despite objections from business leaders who warned that the region is already facing a slowdown in international travel. The proposal, billed by labor leaders as the highest minimum wage in the country, would…
The father-and-son fraudsters who pleaded guilty in a $100 million pump-and-dump scheme involving a New Jersey Deli were sentenced to serve jail time on Tuesday Peter Coker Sr. 82, received a six-month stint and was also ordered to serve six months of home confinement after his release, as well as pay a $500,000 fine and…
In the coming weeks, Congress will write tax and spending legislation that should include relief for many victims of the Palisades and Eaton fires. But apart from the cash assistance Gov. Gavin Newsom has already requested, California’s congressional delegation should work to include two urgently needed changes to the tax code in that same legislation….
Donald Trump was already playing with economic fire with his tariff plan, something that is all but certain to stoke some degree of inflation, and slow the economy at least in the short term. So why would he threaten to throw gasoline on the blaze over his weird flirtation with a millionaire’s tax, something that…
Three Democratic U.S. representatives for California visited the ports of Los Angeles and Long Beach on Friday to voice their concerns after President Trump told reporters that the slowdown of activity at the ports was “a good thing.” Trump has argued that tariffs are needed to boost manufacturing jobs in the U.S. and that the…
The late Pope Francis donated all his remaining money to a youth rehabilitation project inside a Roman prison in one of his final acts as the head of the Roman Catholic Church. Before his death last month, Francis withdrew all the money from his personal bank account to support a pasta factory that employs current and former…
With Paramount Global’s sale stuck before federal regulators and a potential settlement looming with President Trump in a dispute over CBS News’ “60 Minutes,” Paramount co-Chief Executive George Cheeks on Wednesday sought to project a sense of business as usual. Cheeks and CBS Entertainment President Amy Reisenbach unveiled the network’s new prime-time schedule for reporters…
WW International, formerly known as WeightWatchers, has filed for Chapter 11 bankruptcy protection on Tuesday in a bid to cut its debt after Ozempic and other hugely popular obesity drugs upended its business model. Shares of the company, which once boasted of media mogul Oprah Winfrey as one of its top shareholders, slumped 40% in extended…
Hollywood executives scrambled Monday to interpret President Trump’s call for stiff tariffs on movies produced outside the U.S. — a bombshell proposal that would upend how movies have been made for years. Trump on Sunday night announced that he was authorizing a 100% tariff on movies “coming into our Country that are produced in Foreign…
Chevron CEO Mike Wirth issued a stark warning about the firm’s possible departure from Venezuela as a Biden-era license allowing the company to operate in the country is set to expire. Chevron, which is only allowed to export Venezuelan oil to the United States, has been under pressure from the Trump administration to halt drilling in the…
