By Prashant Gopal | Bloomberg Mortgage rates are skyrocketing in the U.S., just not so much for the rich. The average for a 30-year fixed jumbo mortgage was 4.48% last week, compared with 4.95% for a conventional loan, the widest advantage for high-end borrowers in data from Bankrate.com going back to 1998. That’s a reversal…
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The Chicago White Sox placed starter Lucas Giolito and right fielder AJ Pollock on the injured list, part of four roster moves announced Tuesday. Giolito went on the 10-day IL, retroactive to Saturday, with an abdominal strain. The injury occurred in Friday’s season opener at Detroit. Pollock is on the 10-day injured list, retroactive to…
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By Matthew Boyle and Ryan Cavataro | Bloomberg Just one or two days in the office is the ideal setup for hybrid work, according to a new study, as it provides workers with the flexibility they crave without the isolation of going fully remote. The findings, in a paper from Harvard Business School, were based…
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This February, Gov. Gavin Newsom signed legislation (Senate Bill 113) that expands business tax credits, including an estimated $5.5 billion for research and development (R&D) and early deductions for net operating losses. In addition, the Governor’s 2022-23 budget proposal would expand the state’s existing R&D credit to include $250 million over the next two years…
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By Manuela Tobias | CalMatters The state housing department is gearing up to send stern warnings to cities trying to skirt a new housing law advocates hope will bring more affordable housing. Senate Bill 9, a state law that went into effect Jan. 1, allows property owners to build duplexes and in some cases, fourplexes,…
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This was after a Sunday night loss in Orlando that in at least one way felt like a victory. Victor Oladipo had just scored 40 points, the most by a Miami Heat player this season, and coach Erik Spoelstra was reflecting on a conversation between the two earlier in the day, one that addressed Oladipo’s…
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This weekend’s Acura Grand Prix of Long Beach was a resounding success and appears as if it surpassed 2019’s pre-pandemic attendance figures as it returned to its traditional April schedule, officials said Monday, April 11. Any worries about burnout because of the Grand Prix taking over the city’s downtown twice in a little more than…
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Recent polling from Gallup finds that 80% of Americans worry a “great deal” or a “fair amount” about crime, which is the highest level of concern since 2016. That shouldn’t be a surprise given that U.S. murder rates are the highest they’ve been since 1996. These numbers are driving the criminal-justice debate in California,…
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A year after their reopening, Disneyland and California’s other theme parks have welcomed back millions of fans and thousands of employees. But returning to a pre-pandemic normal remains elusive. All might seem well again when riding on the Haunted Mansion or flying through Harry Potter and the Forbidden Journey. The churros remain crispy and delicious,…
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By YURAS KARMANAU and ADAM SCHRECK KYIV, Ukraine (AP) — Ukraine investigated a claim that a poisonous substance was dropped on besieged Mariupol, as Western officials warned Tuesday that any use of chemical weapons by Russia would be a serious escalation of the already devastating war. Thwarted in his apparent ambition to overrun the Ukrainian…
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