Los Angeles
Port of Los Angeles freight rail delays reach two-year high, with holiday and everyday items piling up
A freight engine and shipping containers are viewed in a Union Pacific Intermodal Terminal rail yard on November 21, 2022 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images Record imports over the last several months at West Coast ports, driven by the recent East Coast and Gulf Coast strike diversions […]
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Crypto crooks: Kidnapping, huge bar bills and exotic cars are linked to one of the biggest bitcoin thefts in U.S. history
Jakub Porzycki | NurPhoto via Getty Images Two young men accused of committing one of the largest person-to-person crypto thefts in U.S. history went on a brazen spending spree that included buying exotic cars, a $2 million wristwatch, renting mansions and running up nightclub tabs of hundreds of thousands of dollars apiece, new court records […]
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Billionaire Tom Gores to buy 27% of the LA Chargers for $750 million
Detroit Pistons team owner Tom Gores claps during the press conference on July 30, 2021 at the Pistons Performance Center in Detroit, Michigan. Nic Antaya | Getty Images Sport | Getty Images Private equity billionaire Tom Gores has agreed to pay $750 million to buy 27% of the National Football League’s Los Angeles Chargers at […]
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Largest port on U.S. East Coast, New York/New Jersey, begins prepping for what could be first union strike since 1977
Port of New York/New Jersey executives tell CNBC they have begun preparations for a potential complete work stoppage by the International Longshoreman’s Association, the largest union in North America. The ILA represents over 85,000 longshoremen and a strike would shut down five of the 10 busiest ports in North America, and a total of 36 […]
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After success in Paris, Los Angeles looks to elevate Olympic Games in 2028
Karen Bass, Mayor of Los Angeles, waves the Olympic flag as Thomas Bach, President of International Olympic Committee, applauds during the Closing Ceremony of the Olympic Games Paris 2024 at Stade de France on August 11, 2024 in Paris, France. Carl Recine | Getty Images Sport | Getty Images After a successful 2024 Olympics and […]
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Why the LA Rams are worth $2 billion more than the LA Chargers
Los Angeles Rams owner Stanley Kroenke speaks during the “Football Meets Football” Youth Clinic at the Rams NFL training camp on the Loyola Marymount University campus in Los Angeles on July 26, 2024. Patrick T. Fallon | Afp | Getty Images There is a $2 billion gulf growing in Los Angeles. The National Football League’s […]
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Rising NFL valuations mean massive returns for owners. Here’s how good the investment is
Ryan Flournoy, #18 of the Dallas Cowboys, catches a touchdown pass as Matt Hankins, #23 of the Los Angeles Chargers, defends during the first half of a preseason game at AT&T Stadium in Arlington, Texas, on Aug. 24, 2024. Ron Jenkins | Getty Images Sport | Getty Images A National Football League team today is […]
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CNBC’s Official 2024 NFL Team Valuations: Here’s how the 32 franchises stack up
CNBC Official 2024 NFL Team Valuations Join us on Sept. 10 in Los Angeles for CNBC x Boardroom’s Game Plan. This high-powered event brings together industry leaders, visionaries and influencers, along with executives and investors to explore the dynamic intersection of business, sports, music and entertainment. For more information and to request an invitation, click […]
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A look at the behind-the-scenes business of Hollywood studio lot tours
The Hollywood sign is viewed during a clearing storm. Mario Tama | Getty Images News | Getty Images For over 100 years, Hollywood has transported audiences to worlds outside their own, from the slick streets of New York City to the yellow bricks of Oz. Hundreds of acres of land in Los Angeles are dedicated […]
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Short seller Andrew Left surrenders on securities fraud charges in L.A., due in court
Andrew Left, founder and CEO of Citron Research Adam Jeffery | CNBC The activist short seller Andrew Left surrendered in Los Angeles on Monday to face federal criminal securities fraud charges, a spokesman for the U.S. Attorney’s Office there said. Left, 54, is scheduled to appear before Magistrate Judge Rozella Oliver in U.S. District Court […]
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