California Business News

News Summary California lawmakers are proposing a major update to the state’s film and television production tax credit, aiming to increase the rebate from 20-25%

News Summary California lawmakers are backing Governor Newsom’s proposal to enhance the Film and Television Tax Credit Program, increasing funding to $750 million annually. The

News Summary 23andMe has filed for Chapter 11 bankruptcy protection, seeking potential buyers amid significant leadership changes and financial turmoil. Co-founder Anne Wojcicki has resigned

News Summary 23andMe, the popular genetic testing company, has filed for Chapter 11 bankruptcy, laying off 40% of its workforce amid financial difficulties. CEO Anne

News Summary The California wine industry is bracing for potential upheaval as President Trump proposes a 200% tariff on EU wines and alcoholic products. While

News Summary California is experiencing a wave of changes affecting homeowners, workers, and families. A new fee for homeowners, stagnant wages against rising inflation, and

News Summary American Business Bank has opened a new Loan Production Office in San Diego, enhancing its presence in Southern California. The office, located at

News Summary California’s job creation rates have significantly dropped, now ranking fourth in the nation. The state faces challenges in private-sector job growth, with many

News Summary Tesla has officially received a permit from the California Public Utilities Commission to operate an employee ride service. This permit marks a major

News Summary California has reached a significant milestone with 25% of all new car sales being electric vehicles (EVs). This achievement is accompanied by an