Rihanna resigns as CEO of lingerie brand Savage X Fenty
Rihanna became a billionaire because of her Fenty Beauty line, and has since included the Savage X Fenty lingerie, skincare and a fashion brand. Here's who the new CEO will be.
Nearly 200 people, including 2 LA councilmembers, arrested during hotel workers protest for higher wages
The LAPD confirmed 190 arrests were made during a protest near LAX.
3M settles 'forever chemicals' water pollution lawsuit for $10B
Chemicals manufacturer 3M announced that it has reached a $10.3 billion settlement with U.S. public water suppliers that have detected PFAs – known as "forever chemicals" – in their drinking water.
Bud Light launches 'biggest summer campaign ever,' giving away $10K weekly amid sales slump
Bud Light’s parent company Anheuser-Busch InBev is tripling its U.S. marketing spending this summer as it tries to boost sales that plummeted after the brand partnered with a transgender influencer.
Mayor Bass signs Executive Directive to help support small businesses
Mayor Bass signed her fourth Executive Directive to urgently identify burdensome processes and fees that impede small business creation, development and growth in Los Angeles.
Used car prices soar as demand for limited inventory grows, report says
Used car prices have softened recently but remain significantly higher than before the COVID-19 pandemic, according to a recent Edmunds report.
Amazon accused of enrolling consumers into Prime without consent and making it hard to cancel
The Federal Trade Commission is suing Amazon for what it calls a years-long effort to enroll consumers without consent into its Prime program and making it difficult for them to cancel their subscriptions.
Bed Bath & Beyond, Party City store closings this month
Nine Party City locations across six states will shutter this month.
Home prices increased 70 percent more than rent costs: study
Home prices have exceeded what Americans pay for rent in most major cities, according to one report. But, there are still places where you can save by purchasing a home. Here’s what you need to know.
Disney CFO leaves after tense relations with execs
The Walt Disney Company announced Senior Executive Vice President and Chief Financial Officer Christine McCarthy is stepping down and will take a medical leave of absence.
Virgin Galactic announces first commercial spaceflights this summer
Virgin Galactic's first commercial spaceflight is scheduled to be a research mission launched June 27, followed by a private astronaut flight in August.
Fewer homes are selling, but they're selling fast: Redfin
Despite low inventory, the homes for sale are selling at a fast pace, according to a report by Redfin. Here’s what you need to know.
Legislative bill seeks to make expanded child tax credit permanent
House Democrats recently introduced the American Family Act of 2023, legislation that seeks to restore the expanded, monthly Child Tax Credit to parents across the U.S.
Today's mortgage rates are mixed, though shorter terms have lower rates | June 15, 2023
Check out the mortgage rates for June 15, 2023, which are mixed from yesterday.
Dockworkers across West Coast, shippers reach tentative deal on new contract
Dockworkers and shippers industry group have reached a tentative deal, which would impact 22,000 workers.
UPS drivers to get air-conditioned trucks for 1st time under union agreement
UPS has reached a tentative agreement with the Teamsters union on heat safety for drivers in its iconic brown delivery trucks.
Congratulations pour in for Tyler Perry over 'historic' BET, VH1 purchase; But did it actually happen?
Congratulations are pouring in for Tyler Perry after news reports that the media mogul successfully acquired BET and VH1, making him the first African American to own two major television networks … except, no one knows if it actually happened.
Bud Light no longer America's top-selling beer as backlash continues
It's a milestone in Bud Light's months-long sales decline since early April, when critics who were angered by the brewer sending a commemorative can to transgender influencer Dylan Mulvaney vowed to boycott the brand.