Business News
29 March 2024
Business, jobs, economics and entrepreneurship.-
Los Angeles office skyscraper faces foreclosure sale
The foreclosure comes as the value of office buildings has plunged amid higher vacancies. Elevated interest rates have also weighed on prices and made it difficult for building owners to refinance debt.
-
AMC Theatres shares plummet as theater chain reels from box office struggles
AMC Entertainment shares fell about 15% shortly after the theater chain indicated that it could sell up to $250 million worth of stock to pad its finances after a period of box office woes.
-
Higher prices on the menu as fast-food chains brace for California's big minimum wage jump
With the state's mandatory minimum wage for fast-food workers set to increase to $20 an hour, many restaurant chains are preparing to raise prices.
-
Column: Sam Bankman-Fried will be sentenced Thursday for his crypto fraud. Throw the book at him
Sam Bankman-Fried's lawyers say he still has a lot to contribute to society. His prosecutors say he's still lying. The difference can be measured in decades in prison.