Los Angeles
Here’s exactly how unaffordable today’s housing market is — and where it’s getting worse
Ever since the epic run on housing in the first years of the pandemic, fueled by record-low mortgage rates, the market has been plagued by low supply and high prices. Prices in March were 39% higher nationally than they were in March 2019, pre-pandemic, according to the S&P CoreLogic Case-Shiller Index. While prices continue to […]
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First Chinese freight ship goods hit with Trump’s 145%-plus tariffs arriving at U.S. ports
Container ships sit docked at the Port of Los Angeles on May 06, 2025 in San Pedro, California. Justin Sullivan | Getty Images News | Getty Images The first shipping containers carrying Chinese products that are subject to President Donald Trump’s 145% tariffs have begun arriving in U.S. ports. Seven ships carrying upward of 12,000 […]
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Trump trade tariffs slump widens to ‘nearly all U.S. exports,’ supply chain data shows
An empty container ship of COSCO Shipping sails to a container terminal in Qingdao in east China’s Shandong province Wednesday, April 16, 2025. Feature China | Future Publishing | Getty Images What began as a rapid drop in U.S. imports as shippers cut orders from manufacturing partners around the world has now extended into a […]
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Chipotle Mexican Grill is about to report earnings. Here’s what to expect
The Chipotle logo is seen in New York City on July 16, 2024. Jakub Porzycki | Nurphoto | Getty Images Chipotle Mexican Grill is expected to report its first-quarter earnings after the bell on Wednesday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per share: 28 cents expected […]
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Busiest U.S. ports for Chinese freight, Los Angeles, Long Beach, see steep drop in container vessel traffic
Shipping containers from China at the China Shipping (North America) Holding Company Ltd. facility at the Port of Los Angeles in Wilmington, California, Feb. 4, 2025. Mike Blake | Reuters The pullback in trade between the U.S. and China as a result of President Trump’s steep tariffs on Chinese goods and fears of a recession […]
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Chinese tea chain Chagee soars 30% in stock market debut
People are shopping at a CHAGEE store in Shanghai, China, on October 18, 2023. Costfoto | Nurphoto | Getty Images Shares of Chinese tea chain Chagee soared 30% during its public market debut on Thursday, as the company plans a U.S. launch despite trade tensions between Washington and Beijing. The stock, which is trading on […]
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Trade war fallout: Cancellations of Chinese freight ships begin as bookings plummet
Aerial view of the import and export container terminal of Longtan Port on December 26, 2024 in Nanjing, Jiangsu Province of China. China News Service | China News Service | Getty Images U.S. importers are being notified of an increase in canceled sailings by freight ships out of China as ocean carriers try to balance […]
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New York is still the richest wealth hub. Here’s which cities are gaining ground
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Despite the recurring narrative of wealth flight, New York City is still the world’s richest city, and it’s gotten […]
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Los Angeles turned a profit on its last Olympics. The 2028 Games could come up short
Micah Maʻa, California Governor Gavin Newsom, Janet Evans, Chief Athlete Officer, LA28, Los Angeles Mayor Karen Bass, Delaney Schnell, and LA28 Chairperson and President Casey Wasserman appear as the Olympic Flag arrives to LA on August 12, 2024 in Los Angeles, California. Emma Mcintyre | Getty Images Entertainment | Getty Images Los Angeles pulled off […]
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Inflation from Trump’s trade tariffs is going to hit soon, says shipping giant Maersk
The Maersk Halifax, on the Central and South America route, berths at the Qianwan Container Terminal of Qingdao Port in Qingdao, Shandong Province, China, on November 10, 2024. Nurphoto | Nurphoto | Getty Images As a result of President Trump’s tariffs on Mexico and Canada, prepare for higher prices to hit soon. That is the […]
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