Trump Seeks $230 Million from DOJ, LAX Terminal Overhaul, Matcha Shortage, Meta AI Layoffs, White House Ballroom Expansion, California Fire Fees, Wilmington Refinery Redevelopment

Trump Seeks $230 Million from DOJ, LAX Terminal Overhaul, Matcha Shortage, Meta AI Layoffs, White House Ballroom Expansion, California Fire Fees, Wilmington Refinery Redevelopment

President Trump demands $230 million from the Justice Department, claiming political investigations caused him financial harm. LAX begins a $30 billion renovation of Terminal 5 ahead of the 2028 Olympics, promising smoother travel and reduced congestion. Matcha lovers face soaring prices as Japan’s supply struggles with climate change, aging farmers, and new import tariffs. Meta lays off 600 AI employees in a restructuring move. Construction begins on a $250 million White House ballroom ordered by President Trump. In business, California insurers plan to charge homeowners new fire-related fees, and the Phillips 66 refinery site in Wilmington is set for redevelopment into a mixed-use space.

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Bitcoin Surges Past $77K & Californians Buying Second Passports

Bitcoin Surges Past $77K & Californians Buying Second Passports

Bitcoin had been sliding for months, down 31% over the past year. Then last week, everything changed.   News out of Washington sent the crypto surging back above $77,000, jumping 20% in just a few day...

24 Aug 2min

Walmart Sales Growth Craters & Disney's Tomorrowland Plans

Walmart Sales Growth Craters & Disney's Tomorrowland Plans

The world's largest retailer, Walmart, just reported its worst sales growth in more than six years. Last quarter, the Arkansas-based company saw its store sales rise just 2.6 percent. This comes as ov...

21 Aug 2min

National Debt Tops $40 Trillion & Tony Romo's Future with CBS

National Debt Tops $40 Trillion & Tony Romo's Future with CBS

The U.S. national debt hit a record high this week, topping $40 trillion. That’s double what it was in 2016 at the start of President Trump's first term. Most of that spending is going toward rising m...

20 Aug 2min

Record Number of Kindergartners Unvaccinated, Jeanie Buss Contests Lakers Sale, and Meta Trial Begins

Record Number of Kindergartners Unvaccinated, Jeanie Buss Contests Lakers Sale, and Meta Trial Begins

A record number of kindergartners are starting school this year, without required vaccinations, with new federal data showing that exemption rates are hitting an all-time high for the fourth year in a...

18 Aug 4min

Californians Split on Billionaire Tax & Voter ID, European Vacations, and Ty Simpson Debut

Californians Split on Billionaire Tax & Voter ID, European Vacations, and Ty Simpson Debut

New data shows 24 million Americans traveled to Europe in 2025 alone — a record high, led by trips to the UK, France, and Italy. But the boom isn't reaching everyone equally: the wealthiest households...

17 Aug 3min

Lakers Purchased for $12+ Billion, Jalapeños Linked to Salmonella, and Spotify Cracks Down on AI Artists

Lakers Purchased for $12+ Billion, Jalapeños Linked to Salmonella, and Spotify Cracks Down on AI Artists

Former Disney CEO Bob Iger and venture capitalist Josh Kushner are set to buy the Los Angeles Lakers for more than $12 billion — just over a year after Mark Walter took a controlling stake at a then-r...

12 Aug 2min

Nvidia’s $500B AI Buildout With Wall Street Heavyweights, Nithya Raman Could Lose Key City Hall Leadership Role as Mayoral Race Heats Up, and New Video Podcasts Are Coming to Disney+ and Hulu

Nvidia’s $500B AI Buildout With Wall Street Heavyweights, Nithya Raman Could Lose Key City Hall Leadership Role as Mayoral Race Heats Up, and New Video Podcasts Are Coming to Disney+ and Hulu

Nvidia is partnering up with six asset managers, including BlackRock and Goldman Sachs, to bring half a trillion dollars into AI infrastructure — chips, power plants, and data centers. Nvidia CEO Jens...

11 Aug 5min

S&P 500 Hits Record High as Earnings Beat Expectations, Iran Ceasefire Hopes Rise, and California Won't Ban 'Forever Chemicals' After Bill Fails

S&P 500 Hits Record High as Earnings Beat Expectations, Iran Ceasefire Hopes Rise, and California Won't Ban 'Forever Chemicals' After Bill Fails

The S&P 500 closed at a record high on Tuesday. Faith Pinnow from L.A. Times Studios breaks down what's driving the rally — from strong second-quarter earnings reports to growing optimism around a pot...

5 Aug 3min

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