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Mortgage competition banned at Laguna Woods co-ops

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. Rate news summary From Freddie Mac’s weekly survey: The 30-year averaged 4.20%, up 3 basis points from last week. The 15-year fixed rate averaged 3.64%, up 2 basis points from last week. The Mortgage Bankers Association reported a 7.3% percent decrease in loan application volume from the previous week. Bottom line: Assuming a borrower gets the average 30-year fixed rate on a conforming $484,350 lo...
Tags: Business, Housing, Mortgage, Real Estate, Top Stories Breeze, Top Stories IVDB, Top Stories LADN, Top Stories LBPT, Top Stories OCR, Top Stories PE, Top Stories PSN, Top Stories RDF, Top Stories SGVT, Top Stories Sun, Top Stories WDN


Nintendo Switch sales are so strong that Nintendo isn't feeling the pressure to release a new version of the console anytime soon (NTDOY)

Nintendo's Switch console continues to be a huge seller. Nearly 35 million Switch consoles have been sold in the last two years — nearly triple the lifetime sales of Nintendo's previous console, the Wii U — the Japanese gaming giant announced on Thursday. Nintendo also shot down rumors of a new Nintendo Switch coming this June. "We have no plans to announce that at this year's E3 in June," said Nintendo president Shuntaro Furukawa. Visit Business Insider's homepage for more stories. Nintendo'...


To Help Boost Female-led Startups, More Women Join Investor Ranks

Houston—Men have long leveraged their networks to succeed in business, and the tech industry has been no exception. Women, finding themselves outside of the club, are now creating their own networks to do the same.Katelyn O’Shaughnessy already had a solid track record, selling TripScope, a travel startup she co-founded in 2013, to Travefy two years ago. But when looking for funding for her second company, Doctours, she says, “I kept hearing, ‘I love your idea, but I’m not sure about you being C...
Tags: Boston blog main, Boulder/Denver blog main, Detroit blog main, Indiana blog main, National blog main, National top stories, New York blog main, Raleigh-Durham blog main, San Diego blog main, San Francisco blog main, Seattle blog main, Texas, Texas blog main, Texas top stories, Wisconsin blog main, Accelerator


Uber drivers plan shutdown over 'poverty wages' as company goes public

Drivers will turn off apps in seven US cities on 8 May as collectives condemn IPO for lining executives’ pocketsUber drivers in the US will stage a shutdown for 12 hours to protest against poor working conditions and low wages as the company goes public in May.Drivers will log off the app in seven cities starting at noon on 8 May, the day Uber is expected to make its IPO. Drivers in San Francisco will also protest in front of the Uber headquarters. The action is backed by driver collectives incl...
Tags: Uber, US news, San Francisco, Gig economy, Technology, Business, US markets


You can now return Amazon orders for free at all Kohl's stores — here's how it works (AMZN)

Kohl's has expanded its program that allows shoppers to return Amazon orders in-store. The service will soon be available at all of Kohl's more than 1,150 locations, it announced on Tuesday.  The returns are free, but your items must be eligible under Amazon's guidelines, which you should check before you go. The partnership began with a select group of stores in the Chicago and Los Angeles areas, but now it's available in all of its US locations. In 2017, Kohl's and Amazon announced a partne...
Tags: Amazon, US, Los Angeles, Trends, Chicago, Kohl, Torrance California, Michelle Gass, Amazon Returns


Canoo, the electric vehicle startup formed from Faraday Future’s ashes, seeks $200 million

Less than a month after rebranding as Canoo, the startup electric vehicle company formerly known as Evelozcity is on the hunt for $200 million in new capital. The startup, which is backed by a clutch of private individuals and family offices hailing from China, Germany, and Taiwan, is hoping to line up the new capital from some more recognizable names as it finalizes supply deals with vendors, according to a person with knowledge of the company’s plans. Canoo is locking in final contracts wit...
Tags: Startups, TC, Transportation, Electric Vehicle, Uber, China, Germany, Los Angeles, Tech, Taiwan, Car, Automotive, United States, Porsche, Transport, San Diego


Property Brothers Jonathan and Drew Scott Buy Second L.A. Fixer-Upper (EXCLUSIVE)

Jonathan and Drew Scott, whose show “Property Brothers” is in its 13th season on HGTV, have shelled out $2.4 million for what marketing materials aptly describe as a “diamond in the rough” along a tree-lined street in the historic, elegant and increasingly pricey Windsor Square neighborhood just a few miles west of downtown Los Angeles. […]
Tags: Real Estate, Los Angeles, Real Estalker, Hgtv, Jonathan, Jonathan Scott, Drew Scott, Property Brothers, Property Brothers Jonathan, Windsor Square


‘South Park’s’ Trey Parker Adds Homes in New York, Los Angeles

Property-collecting “South Park” co-creator Trey Parker has substantially beefed up his already prodigious residential property portfolio with multimillion-dollar purchases in both Los Angeles and New York City. Just after the first of the year, the often provocative and occasionally shocking Tony Award-winning “Book of Mormon” co-creator surreptitiously splashed out $3.1 million in an off-market deal […]
Tags: Real Estate, South Park, New York City, Los Angeles, Real Estalker, Trey Parker, New York Los Angeles, Trey Parker Adds Homes


Led by LA-based March Capital, Astound raises $15.5 million for employee help desk automation services

Astound, a company selling automated employee help desk services, has raised a new round of $15.5 million from investors led by the Los Angeles investment firm March Capital Partners. Previous investors Vertex Ventures, Pelion Venture Partners, Moment Ventures, and the Slack Fund also participated in the funding, which brings Astound’s total capital raised to $27 million. The company’s software integrates with ServiceNow, BMC, Jira, Cherwell, and Workday, among others. For co-founder an...
Tags: TC, Business, La, Los Angeles, Tech, Bmc, Servicenow, Mckinsey & Company, Mckinsey, March Capital Partners, Slack Fund, Vertex Ventures, Automation Technology, Pelion Venture Partners, Moment Ventures, Turchin


Omni, the on-demand rental company backed by Ripple execs, launches outside of San Francisco for the first time with more than 100 local retail partners

On Tuesday Omni, the on-demand rental marketplace, launched in New York and Los Angeles, the first two markets outside of its home city of San Francisco. Beginning Tuesday, Omni customers in all three locations will be able to pick up rented items from Omni's more than 100 local small retail partners. Omni's Chief Operating Officer Ryan Delk told Business Insider the rental model Omni uses is "a necessity for humanity" that relies on an unsustainable model of ownership. Executives at Ripple, a...
Tags: New York, Disney, US, Los Angeles, San Francisco, Trends, Netflix, Miami, Omni, Business Insider, San Francisco New York, Ripple, Delk, Ryan Delk, Los Angeles Omni, New York Delk


Omni, the on-demand rental company backed by Ripple, launches outside of San Francisco for the first time with more than 100 local retail partners

On Tuesday Omni, the on-demand rental marketplace, launched in New York and Los Angeles, the first two markets outside of its home city of San Francisco. Beginning Tuesday, Omni customers in all three locations will be able to pick up rented items from Omni's more than 100 local small retail partners. Omni's Chief Operating Officer Ryan Delk told Business Insider the rental model Omni uses is "a necessity for humanity" that relies on an unsustainable model of ownership. Ripple, a cryptocurrenc...
Tags: Elon Musk, New York, US, Los Angeles, San Francisco, Trends, Miami, Omni, Business Insider, San Francisco New York, Delk, Ryan Delk, Los Angeles Omni, New York Delk


$44M-funded Omni pivots from storage to rentals via retailers

Omni simply couldn’t scale storing stuff in giant warehouses while dropping it and off picking it up from people on demand. Storage was designed to bootstrap Omni into peer-to-peer rentals of the goods in its care. But now it’s found a better way by partnering with retailers which will host and rent out goods for Omni that users will pick up themselves. With that strategy, Omni is now formally pivoting from storage alongside its expansion from San Francisco and Portland into Los Angeles and N...
Tags: Amazon, Social, Startups, TC, Ecommerce, Apps, Real Estate, New York, Storage, Collaborative Consumption, Los Angeles, San Francisco, Portland, Payments, Logistics, Jay


California bill encourages banks to work with pot businesses

LOS ANGELES (AP) — California legislators considered a plan Monday intended to encourage more banks to do business with marijuana companies that have been frozen out of thousands of financial institutions. Most Americans live in states where marijuana is legally available in some form. But most financial institutions don’t want anything to do with money […]
Tags: Business, News, California, Los Angeles, Ap, Nation


Down To Shop is a tongue-in-cheek mobile shopping network

Cyrus Summerlin and Max Hellerstin, who previously created the Push for Pizza app (which allowed users to order a pizza with the push of a button), are officially launching their new startup today, Down to Shop. The app bills itself as both a modern reinvention of QVC and “the funnest way to shop.” It allows users to watch funny videos featuring products that can be purchased directly from the app. In an email, Hellerstein said the pair created Down to Shop out of dissatisfaction with existing a...
Tags: Startups, Mobile, Ecommerce, Apps, Media, Instagram, Advertising Tech, Los Angeles, Tech, Shop, Firstmark, Qvc, Summerlin, Hellerstein, Upright Citizens Brigade, Cyrus Summerlin


Beyond Meat files for a public offering

Beyond Meat, the meat replacement company whose packages of Beyond Burgers line grocery store aisles across America, has filed for an initial public offering. The company is looking to raise roughly $200 million in the stock sale for its portfolio of burger, chicken and sausage replacements, selling 8.75 million shares of common stock at an upper limit of $21 per share that would value Beyond Meat at more than $1 billion. The Los Angeles-based company’s public offering should be a nice windfa...
Tags: Food, Startups, TC, America, Los Angeles, Tech, Chicago, United States, Venture Capital, Food And Drink, Mcdonalds, Nielsen, Obvious Ventures, Kleiner Perkins, Initial Public Offering, Impossible Foods


Beyond Meat prices its public offering

Beyond Meat, the meat replacement company whose packages of Beyond Burgers line grocery store aisles across America, has priced its initial public offering. The company is looking to raise roughly $200 million in the stock sale for its portfolio of burger, chicken and sausage replacements, selling 8.75 million shares of common stock at an upper limit of $21 per share that would value Beyond Meat at more than $1 billion. The Los Angeles-based company’s public offering should be a nice windfall...
Tags: Food, Startups, TC, America, Los Angeles, Tech, Chicago, United States, Venture Capital, Food And Drink, Mcdonalds, Nielsen, Obvious Ventures, Kleiner Perkins, Initial Public Offering, Impossible Foods


Vegan burger maker Beyond Meat plans to raise up to $183.8 million in IPO: Reuters

Plant-based meat maker Beyond Meat Inc is planning to raise up to $183.8 million from an initial public offering, looking to tap into the growing popularity of veganism. The company said it expects to offer 8.75 million shares, priced between $19 and $21 per share in the IPO, its latest filing with the U.S. Securities and Exchange Commission showed. (bit.ly/2GzW85i) The higher end of the indicative price range gives the company a market value of $1.21 billion, based on 57.4 million outstanding s...
Tags: Microsoft, Ipo, Los Angeles, Trends, IPOs, Leonardo Dicaprio, Beyond Meat, Reuters, U S Securities and Exchange Commission, Carl, Tyson Foods, Beyond Meat Inc, Goldman Sachs J P Morgan Credit Suisse


‘The Curse of La Llorona’ reigns over weekend box office

LOS ANGELES (AP) — “The Curse of La Llorona” (yuh-ROH’-nuh) had only good fortune at the box office. The Warner Bros. horror film based on a Mexican legend about a woman who murdered her children and wanders the world looking for them brought in $26.5 million as the weekend’s top film. It ended the two-week […]
Tags: Business, Movies, News, Entertainment, Los Angeles, Ap, Nation, Warner Bros, La Llorona, Curse of La Llorona


Southern California paychecks soar with workers in short supply

Here’s even more evidence that Southern California’s running out of workers: one measure of pay shows wages are growing at the quickest pace in five years. March employment data shows the post-recession hiring spree has finally forced bosses to pay up. Average private-sector weekly earnings in March — complied from wage stats and figures on hours worked — for the region’s two metropolitan areas were rising at the fastest pace since March 2014. That came as local bosses — who’ve added workers on ...
Tags: Business, Jobs, California, Los Angeles, Sport, Economy, Soccer, Southern California, San Bernardino, Los Angeles Orange Riverside, Southern California News Group, U S credit, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB


In Valley neighborhoods, fight against upzoning bill gets fiery as it moves through state Senate

Community groups in the South Valley began deliberating the implications of Senate Bill 50 — pitched as a way to solve California’s housing crisis by overriding local zoning laws to allow denser development in transit- and job-rich neighborhoods — months before it was released in March by its author, state Sen. Scott Weiner. But the push against the proposed legislation is heating up now that it has cleared its first hurdle in the Legislature and is facing a tougher vote Wednesday. While most Ca...
Tags: Business, News, California, Housing, La, Senate, Los Angeles, San Francisco, Sport, Chicago, Soccer, United States, Bill, Local-news, UC Berkeley, Zillow


Aliso Canyon becomes a hot topic anew in LA City Council District 12 race

Four years after a massive gas leak was detected at the Aliso Canyon underground storage facility, the race for Los Angeles Council District 12’s seat has rekindled the controversy. All 11 candidates at a recent forum said they believed the 3,600-acre facility needs to be closed. That earned enthusiastic shouts from the audience. “It would be close to political suicide to take any other position,” said Larry Levine, a political consultant who is not representing any candidates in this race. The ...
Tags: Business, Politics, News, Environment, Sacramento, Los Angeles, Sport, Soccer, Local News, Gavin Newsom, City Hall, Aliso Canyon, Porter Ranch, Foley, Los Angeles County, Southern California Gas Co


Interactive gaming company to lease another 60,000 square feet in Culver City

Scopely, an interactive entertainment company and mobile-games publisher, has agreed to lease 60,000 square feet of space in Culver City, a move that will more than double its Los Angeles footprint by 2020. The company   will occupy the second, third and fourth floors of a new four-story building at 8888 Washington Blvd. that’s set to be completed late next year. The building is an expansion of Runyon Group’s 130,000-square-foot Platform project, which opened in 2016. That flagship property, a m...
Tags: Apple, Amazon, Gaming, Business, Real Estate, Hbo, Technology, Jobs, Los Angeles, Sport, Barcelona, Soccer, Scopely, Cbre, Southern California, South Bay


I drove a $42,000 VW Golf R to see if the hatchback is worth the price — here's the verdict

The VW Golf R is a performance hatchback that adds premium touches and tech to the VW Golf GTI. The Golf R is a bit expensive, but it's a versatile vehicle that's bliss to drive. The best part is that a driver can access all the power the Golf R's 288-horsepower engine puts out. This is an ideal daily commuter for a grownup who still wants to enjoy the occasional track day or just likes to carve up winding roads. Visit Business Insider's homepage for more stories. The 2018 Volkswagen Golf R m...
Tags: Facebook, US, Los Angeles, Trends, Vw, Volkswagen, City Of Angels, Lax, VW Golf R, VW Golf, Lapiz Blue Metallic, Titan Black


Air New Zealand sells an unusual economy seat that can turn into a couch. Here's why they are a bit disappointing, but still worth it.

We tried out Air New Zealand's Skycouch on a recent vacation to New Zealand. The Skycouch allows passengers to convert a row of three economy class seats into a flat platform. According to the airline "Skycouch is a great option for families, couples and those just wanting a bit of extra personal space." We thought it would be a cost-effective way to get more space on a long flight. It's not nearly as roomy and comfortable as business class, but it's still a worthy upgrade.  Visit BusinessInsi...
Tags: Facebook, New York, US, Los Angeles, Trends, New Zealand, Houston, Boeing, Auckland, Air New Zealand, Jet Airways, McNutt, Houston Texas, Skycouch, Auckland New Zealand, Emily McNutt


IPOs have sent Uber and Lyft fares skyrocketing, while driver pay plummets

The public markets are hungry: as Uber and Lyft look to IPOs to let their investors -- who have been subsidizing 40-50% of every ride -- redeem their shares through sales to the public capital markets, the companies are desperate for ways to reduce their unprofitability and increase those share prices. Luckily for them, the rideshare companies operate "two-sided markets," a darling of neoliberal economic orthodoxy, wherein they are able to control the prices that customers pay and the share...
Tags: Lyft, Uber, Post, Business, News, Los Angeles, Economics, Rideshare, San Francisco California, Michael Sainato, Keodara, Two-sided Markets, Two-sided Gouging, Sinakhone Keodara


6 turbo-charged ideas for boosting your home purchasing power

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. Rate news summary From Freddie Mac’s weekly survey: The 30-year fixed rate rose for the third consecutive week, averaging 4.17%, up 5 basis points from last week. The 15-year fixed rate averaged 3.62%, up 2 basis points from last week. The Mortgage Bankers Association reported a 3.5% decrease in loan application volume from the previous week. Bottom line: Assuming a borrower gets the average 30-ye...
Tags: Business, Real Estate, California, Housing, Los Angeles, Sport, Soccer, Social Security, Va, San Diego, Mortgage, Ira, Orange, Freddie Mac, FHA, Laguna Niguel


PopBase snags funding

Los Angeles-based PopBase, a creator of interactive digital fan clubs for social media influencers, has raised an undisclosed amount of funding. The investor was Queen City Angels. Source: Press Release
Tags: Los Angeles, Trends, VC Deals, Queen City Angels


A Tesla Model X SUV caught fire after being towed to a shop, despite a company employee saying it wouldn't (TSLA)

A Tesla Model X SUV burned for four hours after being towed to a Pittsburgh repair shop on Wednesday.  Doug Smeltz, of Smeltz Auto Service, says a Tesla employee disconnected the car's battery and said it would not ignite.  The car previously caught fire in a garage in February. On Wednesday, it ignited again after being towed to Smeltz Auto Service in Monroeville. Visit BusinessInsider.com for more stories. One Tesla owner in Pittsburgh has had bad luck with Tesla's Model X SUV. After brie...
Tags: Elon Musk, Los Angeles, Trends, Tesla, TSLA, Warren Buffett, Panasonic, Pittsburgh, Mercedes Benz, Smeltz, Monroeville, Los Gatos California, Tesla Tesla, CBS Pittsburgh, Doug Smeltz, Smeltz Auto Service


A Tesla Model X SUV reportedly caught fire after being towed to a shop, despite a company employee saying it wouldn't (TSLA)

A Tesla Model X SUV burned for four hours after being towed to a Pittsburgh repair shop on Wednesday.  Doug Smeltz, of Smeltz Auto Service, says a Tesla employee disconnected the car's battery and said it would not ignite.  The car previously caught fire in a garage in February. On Wednesday, it ignited again after being towed to Smeltz Auto Service in Monroeville. Visit BusinessInsider.com for more stories. One Tesla owner in Pittsburgh has had bad luck with Tesla's Model X SUV. After brie...
Tags: Elon Musk, Los Angeles, Trends, Tesla, TSLA, Warren Buffett, Panasonic, Pittsburgh, Smeltz, Monroeville, Los Gatos California, Tesla Tesla, CBS Pittsburgh, Doug Smeltz, Smeltz Auto Service, Tesla Twitter


A Tesla Model X SUV reportedly caught fire while being towed to a shop, despite a company employee saying it wouldn't (TSLA)

A Tesla Model X SUV burned for four hours after being towed to a Pittsburgh repair shop on Wednesday.  Doug Smeltz, of Smeltz Auto Service, says a Tesla employee disconnected the car's battery and said it would not ignite.  The car previously caught fire in a garage in February. On Wednesday, it ignited again after being towed to Smeltz Auto Service in Monroeville. Visit BusinessInsider.com for more stories. One Tesla owner in Pittsburgh has had bad luck with Tesla's Model X SUV. After brie...
Tags: Elon Musk, Los Angeles, Trends, Tesla, TSLA, Warren Buffett, Panasonic, Pittsburgh, Smeltz, Monroeville, Los Gatos California, Tesla Tesla, CBS Pittsburgh, Doug Smeltz, Smeltz Auto Service, Tesla Twitter



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