Portfolio watch
Mechanics Bank Wealth Management challenges the conventional wisdom of a slowing economy in its latest weekly update. And that wisdom also has held that the Fed would “pause their cycle of rate hikes” as early as this winter. But the December employment report shattered that view and now the extraordinary level of job creation “is Read More →
Jaywalking is now legal, but Californians still need to be cautious
Californians woke up the morning of Jan. 1 with the right to legally jaywalk – an activity many already engaged in regularly. The “Freedom to Walk Act,” (AB 2147) signed by Gov. Gavin Newsom in September, reverses one of the strictest jaywalking laws in the country. For decades, pedestrians crossing against the light or outside Read More →
Vital signs: Wages and salaries increase for L.A. Metro workers
In the Los Angeles Metropolitan area, wages and salaries for private industry workers increased 5.9% from December 2021 to December 2022, compared to the U.S. average of 5.1%, the U.S. Bureau of Labor Statistics published on Feb. 3. According to the report, compensation costs for private industry workers increased also increased 5.7%, up from 5.1% Read More →
SBA, FEMA dole out millions in storm recovery efforts
With the near-record storm behind the Central Coast, all that is left now is to pick up the pieces. The Federal Emergency Management Agency and the Small Business Administration have been the ones trying to accomplish that goal, teaming up to provide the tri-counties with a slew of help. “Partnering with FEMA and the Small Read More →
Teledyne Flir awarded $13 million government contract
Teledyne Flir Defense, a subsidiary of Teledyne, has been awarded a $13.3 million contract by the U.S. Department of Defense to further expand the capabilities of its R80D SkyRaider unmanned aerial system to autonomously perform chemical, biological, radiological and nuclear (CBRN) reconnaissance missions, the company announced Feb. 8. Teledyne Flir, which has operations in Goleta, Read More →
Atara’s cuts down net loss in 2022
Atara Biotherapeutics recorded a lower net loss in the fourth quarter and the entirety of fiscal year 2022, but missed expectations still led to an 8% decline in after-hours trading. Atara, a South San Francisco-based immunotherapy company with its major operations in Thousand Oaks, reported a net loss of $228.3 million, or 2.24 cents per Read More →
Deckers races past third-quarter expectations behind strong Hoka sales
Deckers’ attempt to turn its running shoe brand, Hoka One One, into a billion-dollar blockbuster keeps panning out with each quarter that passes. The Goleta-based company again outpaced analysts’ expectations, this time for the third quarter of 2022, as revenue and earnings both shot up thanks in large part to the continuing growth of the Read More →
