economy

Proposition 40 would levy a one-time tax on billionaires. Some say the initiative opens the door to tax flight and more aggressive taxation. Others say there’s no way to predict the outcome.

California lawmakers sent Gavin Newsom hundreds of bills in his final months as governor. Here's how he handled proposals to counter the Trump administration, lower the cost of living, crack down on data centers and boost retirement plans for public employees.

Gov. Gavin Newsom signed Assembly Bill 1776 on Wednesday, modernizing state antitrust legislation. However, former supporters argue the bill was defanged after a multimillion-dollar lobbying effort by business groups.

The U.S. systems of home sales and financing often ignore immigrants’ pre-U.S. financial resources and credit histories, even for people buying with cash.

California governor rejects legislation sponsored by LA fire victims, who had spoken out against his wildfire-liability effort.

Insurance companies are starting to write new policies in California again after years of holding back as wildfire risk climbed higher. The state Insurance Department says that means outgoing Commissioner Ricardo Lara’s new regulations, intended to boost insurance availability, are working. Each time a company declares its plans to sell policies again, the department touts […]

Arbitrator finds company liable for driver’s negligence, rejecting Uber’s arguments that it’s not responsible for a contractor’s actions.

If the Paramount-Warner Bros. Discovery deal happens, California should restructure the merged company's board to create a check on decisions that hurt workers and consumers.

A bill to boost pension benefits for police, firefighters and other public safety workers could cost state and local governments — and taxpayers — more than $8 billion.

In November, California voters will choose who oversees one of the biggest insurance markets in the world.  Insurance commissioner may seem like an obscure regulatory position, but it’s a consequential one: It leads the Insurance Department, which regulates home, auto, life, health, workers’ comp and other insurance. The commissioner is tasked with making sure policies […]