Local Business
05/03/2026 · Pasadena
LA Luxury Homes Boom as Developers Eye Ultra-Wealthy Surge
Los Angeles' ultra-luxury real estate market is roaring back, fueled by international cash buyers and resilient high-net-worth demand despite taxes and fires. Record-breaking sales like a $200 million Malibu estate signal developers' push for palatial new builds. With ultra-wealthy households projected to rise 30% by 2026, SoCal's hills and beaches are set for more trophy properties.
Silicon Valley Layoffs Surge in 2026 Amid AI Shakeout
Silicon Valley's tech giants are slashing thousands of jobs as the post-pandemic hiring boom unravels into a new era of AI-driven efficiency. From Block's 4,000 cuts to Intel's 21,000, California workers face mounting uncertainty. The state's tech dominance wanes, with employment dropping faster than the national average.
05/03/2026
California Home Kitchens Fuel Food Boom with Family Recipes
From Los Angeles backyards to Sonoma County homes, everyday cooks are transforming family recipes into thriving businesses under relaxed state laws. The Microenterprise Home Kitchen Operations program has sparked hundreds of permits, capping sales at $100,000 annually while formalizing underground food economies. But uneven county adoption leaves some entrepreneurs sidelined.
05/03/2026