Business News - News Of LosAngeles

U.S. naval ship intercepting black oil tanker with sailors at attention and sunset glow over foggy sea.

Trump Orders Blockade of Sanctioned Venezuelan Oil Tankers After Seizure of Tanker

Ethan R. Coleman December 17, 2025

President Donald Trump announced on Tuesday that the United States would block all sanctioned oil tankers entering or leaving Venezuela, intensifying...

Business News Corporate News

Affinity Partners Withdraws from Paramount Skydance’s $108 B Takeover Bid for Warner Bros. Discovery

Ethan R. Coleman December 17, 2025

Affinity Partners, the private‑equity arm of Jared Kushner, has pulled out of the $108 billion hostile takeover bid for Warner Bros. Discovery that...

Person standing before typewriter with job listings and resumes in background and open contract on desk with flag at window

Business News Economic News

U.S. Labor Market Slows, Black and Teen Unemployment Rise as Health Care Jobs Grow

Ethan R. Coleman December 17, 2025

On Tuesday, the Bureau of Labor Statistics released delayed jobs data from the last two months, showing the U.S. shed 105,000 jobs in October and...

Elderly woman holding a SoCal Edison check with warm glow and charred wood hint of Eaton Fire

Business News Local News

SoCal Edison Makes First Compensation Payment to Eaton Fire Survivor

Ethan R. Coleman December 17, 2025

SoCal Edison announced Tuesday that it has made its first compensation payment to a survivor of the deadly Eaton Fire, marking a significant step in...

Golden Globes luxury gift bag sits on silk with gold sequins and champagne bottle and rose

Business News Entertainment News

2026 Golden Globes Gift Bags Set to Cost Nearly $1 Million

Ethan R. Coleman December 17, 2025

The 2026 Golden Globes will hand out nearly $1 million in customizable luxury gift bags, featuring travel stays, beauty products, and rare wines for...

Gold penny lies on edge with soft light and antique coins surrounding on wooden table

Business News Government News

Final U.S. Pennies Sell for Record $800,000, Ending 232 Years of Circulation

Ethan R. Coleman December 16, 2025

On a quiet Wednesday in Philadelphia, the U.S. Mint pressed the last penny ever struck, a moment that ended 232 years of one‑cent circulation and set...

Business News Consumer News

Tariffs Push Fake Christmas Tree Makers Abroad, Prompting U.S. Firms to Adapt

Ethan R. Coleman December 16, 2025

On a December morning in Fairfield, California, Mark Latino and a handful of workers coaxed sheets of vinyl into shimmering tinsel on a custom‑made...

Business News Health News

FDA Broadens Addyi Approval to Postmenopausal Women Up to 65

Ethan R. Coleman December 16, 2025

The Food and Drug Administration announced on Monday that the once-a-day libido‑boosting pill Addyi can now be prescribed to postmenopausal women up...

Sleek parking meter records parking time with blue free zone while people stroll amid palm trees and Santa Monica Pier

Business News Local News

Santa Monica Unveils New Parking Rates to Encourage Longer Stays

Ethan R. Coleman December 16, 2025

On January 12, 2026, downtown Santa Monica’s public parking structures will adopt a new pricing scheme that keeps the first 30 minutes free but...

UPS seasonal worker holding a heavy package with fists clenched and standing before a looming UPS warehouse at dusk.

Business News Corporate News

UPS Accused of Paying Seasonal Workers Millions in Wages Under the Table

Ethan R. Coleman December 16, 2025

In a lawsuit filed Monday in Manhattan, New York Attorney General Letitia James alleges that UPS has deprived tens of thousands of seasonal workers...