August 8, 2022
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Economist: Return of international travelers could strain hospitality industry

By   /  Friday, November 12th, 2021  /  Central Coast, Latest news, middle, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Economist: Return of international travelers could strain hospitality industry

Reopening international travel to the United States might create some problems in Santa Barbara in wake of employment disruptions triggered by the pandemic, especially in the restaurant industry, economic Mark Schniepp said at a Nov. 11 economic forecast event. On Nov. 8, the U.S. lifted travel restrictions from specific countries and vaccinated international visitors entered Read More →

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Economist in SLO: ‘odd recovery,’ but economy ‘on fire’

By   /  Friday, November 5th, 2021  /  Central Coast, Latest news, middle, Top Stories, Tri-County Economy  /  Comments Off on Economist in SLO: ‘odd recovery,’ but economy ‘on fire’

History shows that natural disasters have had “little” long-term economic impact, according Chris Thornberg, an economist who spoke at the annual Central Coast Economic Forecast on Nov. 5 in San Luis Obispo. In spring 2020, the United States economy abruptly came to a sudden halt as public health officials issued restrictions, such as stay-at-home orders Read More →

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Inogen beats earnings expectations, but supply issues persist

By   /  Thursday, November 4th, 2021  /  Banking & Finance, Earnings, Latest news, middle, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Inogen beats earnings expectations, but supply issues persist

Goleta-based Inogen was able to deliver another earnings beat on Nov. 4 behind positive financial results for the third quarter of fiscal year 2021, but supply chain constraints continue to hinder the company’s potential. Inogen, a medical device company that manufactures and supplies portable oxygen containers, saw its net income and revenue increase year-over-year for Read More →

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Amgen reports revenue growth in Q3 but lowers full-year guidance

By   /  Tuesday, November 2nd, 2021  /  Banking & Finance, Earnings, East Ventura County, Health Care & Life Science, Latest news, middle, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen reports revenue growth in Q3 but lowers full-year guidance

Sales increases across Amgen’s drug lineup drove increases in revenue and non-GAAP earnings at the Thousand Oaks biotech company during the third quarter, according to its Nov. 2 earnings release, but pandemic issues persist, and the company lowered its revenue guidance for the year. Amgen, one of the largest biotech companies in the world, reported Read More →

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Santa Barbara Records launches with artist-first approach

By   /  Friday, October 29th, 2021  /  Latest news, middle, South Coast, Subscriber content, Top Stories, Tri-County Economy  /  Comments Off on Santa Barbara Records launches with artist-first approach

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Indie record shops thrive in vinyl’s new age

By   /  Friday, October 22nd, 2021  /  Latest news, middle, Small Business, Subscriber content, Top Stories  /  Comments Off on Indie record shops thrive in vinyl’s new age

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Energy Vault preps to go public, could raise $388M

By   /  Thursday, October 21st, 2021  /  Banking & Finance, East Ventura County, Energy, Green Coast, Latest news, middle, Startups, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Energy Vault preps to go public, could raise $388M

Westlake Village-based Energy Vault disclosed details of its financial performance for the first time in an Oct. 18 filing with the U.S. Securities and Exchange Commission, filed in advance of its public stock offering and its pending merger with a special purpose acquisition company. Energy Vault, a green energy storage company, agreed to go public Read More →