Business | Explaining Southern California's economy

Trump's labor pick is no fan of California's overtime, rest break rules

Trump tapped Andrew Puzder, who runs the parent company for Carl's Jr. Despite the burger chain's long history in California, Puzder said they would grow elsewhere.
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Jack Plunkett/AP Images for Carl's Jr.
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Recent Business & Economy coverage

Economists say we will have a happy — really happy — new year

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Economists and market analysts are optimistic about the outlook for the new year. Most are predicting continued job growth, rising stock prices and healthy profits. But slow wage growth could hurt.

88 California shops have licenses to sell you weed

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Anticipation is high — if Californians can find a place to buy marijuana when it becomes legal for recreational use on New Year's Day.

'Star Wars' is officially the biggest grossing movie of 2017

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It's no surprise that the intergalactic space odyssey beat 'Beauty and the Beast' to become 2017's top earner.

Apple tries to manage consumer anger over slowed iPhones

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Apple's apologies might help on the public relations front. The legal issues are another matter.

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Apple slashes battery replacement price after iPhone fiasco

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The company apologized for secretly slowing older iPhones and dropped the price of replacing an out-of-warranty phone battery from $79 to $29.

Legal weed hurts prognosis for California medical pot market

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With recreational pot set to become legal Monday, some people will be tossing their medical marijuana cards. One study projects revenues could drop from an estimated $2 billion in 2016 to about $1.4 billion next year.

Does helping the homeless actually help?

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Detractors say people who give the homeless tents, toilets and hot meals are giving them incentives to stay unsheltered while unsanitary conditions fester.

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Tesla will build an electric pickup truck

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In the sort of tease at which he's an expert in delivering to Tesla's faithful, Elon Musk said the truck could be bigger than Ford's F-150, "to account for a really gamechanging (I think) feature."

Tax law's new way of measuring inflation could take a toll on taxpayers

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The tax overhaul uses an alternative measure of inflation that will show less upward pressure on prices. That means tax brackets will adjust upward less often, making many people pay more.

California gets ready to ignite cannabis culinary-arts scene

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Chefs and investors have been teaming up to offer an eye-boggling array of cannabis-infused food and beverages, weed-pairing supper clubs and other extravagant pot-to-plate events.

Popular granny flats create a niche industry in LA

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Architects and designers are shifting more of their focus to small backyard housing units. "It's the next big thing in L.A.," says one firm's co-founder.

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Don't expect to celebrate New Year's Day with legal pot in LA

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Hoping to buy some legal recreational weed on Jan. 1? You'll have to leave Los Angeles to find a shop ready for sales — or wait until February.

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Homeless deaths rise in LA in 2017

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The number of homeless people dying on L.A. County's streets rose in 2017 for the fifth year in a row. Accidents were the most common cause of death.

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Papa John's CEO steps down following controversial remarks on NFL

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John Schnatter, who criticized the NFL leadership last month for its handling of the anthem protests, will remain chairman of the board.

What the GOP tax bill means for California nonprofits

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Economists say fewer Californians are likely to itemize their taxes under the GOP plan. Does that mean they'll stop making tax-deductible contributions to charity?

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​Big vs. boutique: Battle brews as California legal pot nears

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California has long been known for its boutique pot market, producing world-famous buds on small plots. Broad legalization starts Jan. 1, and this will be a test of whether bigger is better.