California Business News

News Summary As 2025 unfolds, California’s business environment shows a mix of challenges and opportunities. Rising food prices, notable recognitions for local eateries, and potential

News Summary California’s Transportation Commission has approved a nearly $10 million investment to enhance the resiliency of the LOSSAN rail corridor. This funding will address

News Summary Benicia is facing significant changes as Valero Energy Corporation plans to possibly idle or restructure its refinery operations by April 2026. This decision,

News Summary Residents of Benicia, California, are worried about Valero refinery’s potential closure by April 2026, which could impact local jobs and the economy. With

News Summary California residents affected by the January wildfires are eligible for an automatic six-month extension to file their taxes, moving the deadline to October

News Summary State Farm General has requested a 22% increase in homeowners’ insurance rates in California, citing significant financial losses due to destructive fires. They

News Summary California Governor Gavin Newsom has initiated a program sending prepaid cellphones to CEOs of the state’s top 100 companies. This initiative aims to

News Summary California is embarking on a significant journey into artificial intelligence regulation with 18 newly enacted laws set to take effect on January 1,

News Summary California condominiums are facing challenges as an expanding mortgage blacklist now includes nearly 700 properties. This blacklist, maintained by Fannie Mae and Freddie

News Summary Los Angeles is grappling with a significant decline in tourism, largely due to the impact of tariffs and trade policies. Local businesses, heavily