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
PhilanthropyThis article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Economic Forecast: Region can weather a mild downturn
Banking & Finance, Special SectionsThis article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
<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 →
Velocity picks up speed with revenue and income growth
Banking & Finance, Earnings, Latest news, Real Estate, Regions, Tri-County Public Companies, Ventura CountyVelocity Financial, a real estate finance company based in Westlake Village, reported increases in both revenue and net income for the third quarter, compared to a year earlier. Velocity’s net income grew to $10 million from $8 million, an increase of 24.4%, while its diluted earnings per share grew to 29 cents from 23 cents, Read More →
