Daily Headlines July 26, 2024

We scan major news sources* and compile selected articles to keep you up-to-date on current issues affecting California business – the economy, health care, environment, transportation and more. Receive Daily Headlines by Email

Today’s Top Story

Governor Orders State Agencies to Clear Dangerous Homeless Camps
Yesterday, Governor Gavin Newsom ordered state agencies to act urgently to humanely remove homeless encampments from public spaces, prioritizing the most dangerous camps.

HR Boot Camp Seminars to Explain Key Aspects of Employment Life Cycle
New to human resources or seeking a refresher? CalChamber employment law experts will explain key aspects of the employment life cycle in a two-part virtual seminar.

Top California News

• Uber, Lyft and Others Win California Ruling to Treat Drivers as Contractors
  …California’s Supreme Court upheld a lower-court ruling that said Proposition 22, a 2020 ballot measure that allowed the companies to continue classifying their drivers as gig workers, was constitutional. Some ride-share drivers and a labor union had challenged that decision, leading to a prolonged legal fight that wound up in the state’s highest court. The Wall Street Journal (Subscription required)

• Wildfire Sparked by A Burning Car Triples in Size In A Day. A 42-Year-Old Man Is Arrested
  A wildfire that has tripled in size in one day, becoming California’s largest of the year even as other blazes scorched the Pacific Northwest, was started by a burning car, authorities said. They arrested a man who was seen pushing the blazing car into a gully. The Associated Press (No subscription required)

• Best And Worst States to Retire? Here’s Where California Ranks on New List
  …The analysis ranked states based on five categories: affordability, overall well-being, the cost and quality of health care, weather and crime. Affordability accounted for the largest share of a state’s ranking at 40%, while crime was the smallest, at 5%. San Francisco Chronicle (Subscription required)

• Latinos, Renters and Presidential Politics Could Extend L.A.’S Lurch to the Political Left
  Demography, politics and the unintended consequences of civic reforms have pushed Los Angeles to the left, creating an electorate hostile to Republicans and shaping the prospects of candidates and causes this November and beyond. Jim Newton in CalMatters

Top National, International News

• Stock Market Today: A Widespread Rally on Wall Street Sends Stocks Higher, Both Big and Small
  …The S&P 500 was 0.8% higher in early trading following stronger-than-expected profit reports from 3M and several other big companies. The Dow Jones Industrial Average was up 415 points, or 1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.8% higher. The Associated Press (No subscription required)

• Inflation Eases, Setting Up September Rate Cut Ahead of Election
  …The personal consumption price expenditures index did rise by 0.1%, in line with estimates, but the annual rate edged down to 2.5% from 2.6% in May. The core index, leaving out volatile energy and food costs, was higher, at 0.2% for the month after May’s 0.1% increase. But the annual core rate was unchanged at 2.6%. U.S. News & World Report (No subscription required)

• The Olympics Are More Than Fun and Games. They’re A Billion-Dollar Business with Political Overtones
  …They are a giant business that generates billions of dollars in income for the International Olympic Committee. They’re also a proxy for geopolitical influence seen through the standings in the medal tables, the presence of world leaders at the opening ceremony and the national anthems serenading gold-medal winners. The Associated Press (No subscription required)

* Some newspapers listed require the viewer to register, log in, or pay in order to view the entire article. After some time, most papers file older stories in their archive section. Access to those stories may require that you pay to view them.