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Michael Hiltzik: Unsure what to do about your portfolio? With Trump in the driver's seat, so are the experts
You can't take your eyes off your 401(k) account, you're riveted on the real-time charts of the stock market indices, you're wringing your hands over Donald Trump's will-he-or-won't-he follow through on his most dire treats to impose worldwide tariffs.
Don't try seeking insights from economists and business leaders. They don't know how this ...Read more

H-1B visa: Fears rise for foreign tech workers in Silicon Valley over travel
Silicon Valley technology firms employing foreign workers are scrambling to allay visa holders’ fears that if they travel outside the country they might not get back in.
“Our clients are pinging us and saying, ‘We’re really worried, we want to support our folks,’ ” said San Francisco lawyer Kelli Duehning of immigration law giant ...Read more

Need more time to file taxes in California? Here's how to get an extension
Tax Day is almost here.
Tuesday, April 15, is the deadline to submit your 2024 tax documents and any payment you owe to the Internal Revenue Service and the California Franchise Tax Board.
If you aren’t ready to file, you might be eligible for a deadline extension.
Here’s how you can get more time to submit your tax paperwork:
Who is ...Read more

California lawmakers to propose legislation giving ride-hailing drivers right to unionize
California lawmakers are pursuing legislation that could give drivers for apps like Uber and Lyft the ability to form unions, while still being classified as independent contractors.
Assemblymembers Buffy Wicks, D-Oakland, and Marc Berman, D-Menlo Park, plan to introduce Assembly Bill 1340, also titled the Transportation Network Company Drivers...Read more

Broadcast television is in trouble. Stations are asking Washington for help
As television station owners gathered in Las Vegas this week for the annual National Association of Broadcasters convention, they sent an urgent message to Washington that could be summed up in one word — "Help."
Streaming video has siphoned away the traditional viewing audience. Advertisers have shifted their budgets to digital and away from...Read more

How the Musk-Tesla backlash is opening doors for EV startups like Rivian
Dan Kurland strolled out of the Rivian entertainment center in Laguna Beach, California, wearing a baseball cap with “Canada is not for sale” just above the bill.
Kurland and his wife, Sue, were kicking tires on a recent Saturday, looking to replace each of their Prius models. On this day, the couple was considering the R1S SUV built by ...Read more

At Seattle-Tacoma Airport, refugee workers fear the traveling world they connect
Bruce Batuli Daniel, a 41-year-old from Congo who works as a cabin cleaner at Seattle-Tacoma International Airport, worries he wouldn't be able to fly on the same airplanes he cleans.
Daniel, a permanent legal U.S. resident with a green card, moved to the United States 12 years ago, hoping to make enough money to support his four children's ...Read more

Trump orders new review for US Steel's acquisition by Nippon Steel
The Trump administration has ordered a new national security review of Nippon Steel Corp’s bid to buy U.S. Steel, signaling a potential new avenue for the $14.9 billion deal to go through.
President Joe Biden blocked the acquisition in January, after a review by the Committee on Foreign Investment in the United States (CFIUS) deadlocked over ...Read more

Tesla shares drop amid auto tariffs and 'brand crisis'
Tesla shares took a hit Monday after a leading analyst slashed his price target by more than 40%, citing a "perfect storm" created by President Trump's auto tariffs and Elon Musk's deteriorating reputation.
Wedbush Securities analyst Dan Ives cut his price target from $550 to $315 over the weekend while maintaining his "outperform" rating of ...Read more

No Trump tariffs on oil. Will that mean lower gas prices in California?
Gasoline prices should drop under $5 a gallon and stay there for awhile.
That’s the analysis of Patrick De Haan, head petroleum analyst at GasBuddy, which tracks prices.
Oil has been the rare glimmer of good economic news in recent days. President Donald Trump exempted oil prices from tariffs, and crude oil prices have been plunging for ...Read more

Boeing reaches settlement with 2 families of Ethiopian crash victims
Boeing reached a last-minute settlement with families of two people killed in the 2019 Ethiopian Airlines crash, marking another series of cases that concluded before heading to trial and bringing the company closer to ending the legal turmoil from two deadly crashes six years ago.
Antoine Lewis and Darcy Belanger were among 157 people killed ...Read more

WA drone makers sanctioned as China hits back after Trump tariffs
China placed two drone manufacturers with Seattle ties on its “unreliable entity” list, subjecting them to trade sanctions and export controls.
Seattle-based Brinc Drones, which specializes in tactical and emergency response drones, was accused of “military technology cooperation with Taiwan,” which it considers its territory. China ...Read more

What is market capitulation?
Market capitulation is a term used by investors and traders during times of market decline. It refers to an extreme point of panic selling, where investors are willing to sell their assets at any price, resulting in a rapid decline in prices. Dictionaries define capitulation as the act of surrendering, which is a good way of thinking about how ...Read more

5 top mistakes to avoid during a market sell-off
Stocks sold off in early April as investors grappled with how tariffs would impact inflation and the outlook for economic growth. Some investors even grew concerned about a possible recession. Some of the biggest tech companies saw their shares tumble 20% or more, with Tesla falling around 50% from its recent high. The Federal Reserve faces the ...Read more

'De-extinction' startup with $10 billion valuation revives dire wolf
Colossal Biosciences Inc., a Dallas-based biotech firm with a $10 billion valuation, has announced a new breakthrough in its audacious mission to resurrect extinct animals.
The company said on Monday it’s created three dire wolves, a species popularized by the fantasy series "Game of Thrones" but not seen on Earth in more than 12,000 years. ...Read more

Ulta Beauty pauses expansion of Target locations
Ulta Beauty is pausing expansion of its Target shop-in-shops this year, CEO Kecia Steelman said.
“In joint partnership with Target, we’ve made the decision to really lean into the 600-plus stores that are open this next year and really look at ‘How do we continue to drive efficiencies and leverage the learnings that we’ve had to really ...Read more

Los Angeles' production woes worsen as soundstages go unused at historic levels
Los Angeles' soundstages once were nearly filled to capacity, as demand for streaming content reached its peak.
But last year, the average annual occupancy rate dropped to 63%, a further indication of Hollywood's sustained production slowdown, according to a new report.
That's a decline from 2023, which saw an average regional occupancy rate ...Read more

Motormouth: How does it know the speed limit?
Q: There is a little display on my dash that tells me the speed limit of whatever road I’m on. It is amazingly accurate, changing at the very moment I pass a sign with a new limit. But it also knows the speed limit on roads I enter where there is no sign. How does my car receive this information?
C.M., Chicago
A: You are being followed by ...Read more

David Siegel, owner of famed Westgate Las Vegas, dies at 89
LAS VEGAS — When David Siegel bought the then-LVH hotel-casino in 2014, he was advised it would be wise to shut down the hotel for extensive upgrades.
Siegel authorized the work. But he wasn’t locking the doors as the hotel turned over to the Westgate.
“That would have put 2,000 people out of work, and we thought we’ll work around the ...Read more

'Nowhere to hide.' How Apple and others in Silicon Valley are bracing for Trump tariffs
SAN FRANCISCO — The iPhone is a quintessentially 21st century product — Californian in its creation and design and now enmeshed in the global economy.
Apple makes most of its iPhones in China, though in recent years the Cupertino-based company has made more of its products in India, Vietnam and other nations. In all, the tech giant says it...Read more