Tri-county jumbo loan limits rise in 2023
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SLO continues buy local push offering shoppers gift cards
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Portfolio Watch
Personal FinanceWhen it comes to inflation, the bond market may be a more reliable forecaster than the stock market, writes Mechanics Bank Wealth Management, with current indicators suggesting the Federal Reserve rate hikes will peak at around 5%, versus 5.5% as earlier forecast. Among other things, “real time data on rents in the housing market indicate Read More →
Area organizations receive grants, sales revenue
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Economic Forecast: Region can weather a mild downturn
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<strong>Mixed predictions</strong>
Columnsfor SB economy Vital Signs At a Santa Barbara Executive Roundtable this month the mood did not seem optimistic for the nation’s economic outlook. “There is no soft landing in sight,” said Mark Schniepp of the California Economic Forecast in Santa Barbara. “Recession is inevitable. He presented results from a recent Gallup poll showing Read More →
Olaplex struggles despite beating expectations
Latest newsMontecito-based Olaplex beat analysts’ expectations with its financials for the third quarter of 2022, but the company’s shares are still struggling after it slashed its full-year guidance. Olaplex, a seller of hair-care products, reported revenue of $176.5 million for the quarter ended Sept. 30, an increase of 9.2% from the same period a year ago. Read More →