Walmart raising prices due to tariff costs: What we know
Walmart says it will raise prices to counter higher costs from President Donald Trump’s tariffs, despite strong quarterly sales.
Santa Monica turns 3rd Street Promenade into entertainment zone with open alcohol rules
Santa Monica's new Entertainment Zone will be the first in Southern California. A soft rollout is expected in early June, with initial hours on Friday through Sunday from 6 p.m. to 2 a.m.
Nearly half of all home sellers offered concessions, 1st-quarter data shows
Redfin ranked the top U.S. metropolitan cities that had the most and least amount of concessions with home sales in 2025 so far.
These Southern California cities require six-figure incomes to afford rent
According to Zillow, the number of cities where renters need to earn at least $100,000 to afford rent has doubled since 2020.
2025 layoffs: List of companies cutting jobs this year
Here are some of the companies that have announced layoffs so far this year.
Social media food videos about 'recession recipes' are going viral
Some videos focused on "recession" or "budget" meals and recipes have cropped up on the popular social media platform TikTok in recent months.
US-China trade deal: Countries agree to slash tariffs, enact 90-day pause
U.S. and Chinese officials say they have reached a deal to slash most of their recent tariffs and called for a 90-day pause for ongoing negotiations. Here's what to know.
JPMorganChase CEO Jamie Dimon blasts Trump's tariffs: 'too aggressive’
In an exclusive interview with FOX 11, Jamie Dimon, CEO of JPMorgan Chase, criticized President Trump's approach to tariffs, describing them as "too large, too big, and too aggressive."
LA City Council backs 2 bills to support film industry
The Los Angeles City Council has approved two resolutions supporting state legislation aimed at modernizing California's Film and Television Tax Credit program.
Trump suggests cutting tariffs on China to 80%
The president’s remarks come ahead of a meeting between U.S. officials and Chinese representatives this weekend.
Average 30-year mortgage rate holds steady at 6.76%
A year ago, the rate averaged 7.09%.
Trump announces trade deal with UK, cuts tariffs on some goods
President Donald Trump announced a trade deal between the United States and Britain that will lower tariffs on some goods.
Fed rate and tariffs: Why interest is unchanged again, and what it means for you
Despite the Trump administration’s push for a rate cut, The Fed announced Wednesday it’s holding steady – and the president’s tariffs were a big deciding factor.
Business owner facing steep tariffs tests whether people will pay for 'Made in USA'
A business offered customers a choice between a foreign-made product or the same item made in the U.S. at a much higher cost - and was overwhelmed by the results.
Subway closed 600 locations last year; 7,600 since 2015: Report
Subway closed 600 locations in 2024, dropping below 20,000 restaurants for the first time in 20 years.
Here's how much Americans need to earn to afford the median-priced home
Prices for homes are high in most markets, increasing the need for consumers to make more money to buy their next house based on a recent report.
McDonald's sees unexpected drop in customers amid economic uncertainty
McDonald’s restaurants sales in the U.S. dipped in the first part of the year, marking the burger chain's largest decline since 2020.
Senate fails to block Trump’s global tariffs
Senate Republicans have narrowly voted down a Democratic resolution that would have blocked global tariffs announced by Donald Trump earlier this month.
California bill could slash rooftop solar credits
More than two million homeowners and businesses in California have rooftop solar panels. A new bill being considered in Sacramento could significantly reduce the credits they receive for the solar energy they generate.
Is Amazon showing tariff costs? How Shein and Temu are handling Trump’s changes
President Trump’s tariff and customs changes have begun affecting how many Americans shop online. Here’s what Amazon, Shein and Temu are saying amid rising operating costs.