Levi Sumagaysay
CalMattersLevi Sumagaysay covers the economy for CalMatters. Previously, she was a senior reporter who covered worker issues, the gig economy, inequality and corporate accountability for MarketWatch. She also was a longtime reporter and tech and business editor at the Mercury News. She is based in the Bay Area.
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The House wants to raise the SALT deduction cap, which would help wealthy Californians pay less in federal taxes. The Senate wants to keep it where it is.
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Some food trucks, farmers markets and small restaurants are temporarily closed, while others are shielding workers and raising funds to help.
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Ruling also rejects Trump鈥檚 attempt to get California鈥檚 case transferred. State takes its tariffs fight to the 9th Circuit appeals court, which experts believe is more likely to give it a favorable ruling.
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From higher costs to export worries, California鈥檚 agricultural and wine industries face many possible tariff effects. But some hope for opportunity.
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Canada has been the No. 2 source of international travel to California, but there are already signs that point to a change.
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California鈥檚 small businesses create the bulk of jobs in the state. Trump鈥檚 funding freeze, anti-DEI push and more could jeopardize that.
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In the wake of the Los Angeles fires, State Farm asked for an 鈥渆mergency鈥 premium increase of 22% on average for California homeowners. Lara today denied the request pending more information.
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After saying it would run out of funds by March, California鈥檚 last-resort fire insurance provider will impose a special charge of $1 billion on homeowners and insurance companies, the first such move in more than three decades.
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The state鈥檚 plan to fix the insurance crisis had barely rolled out when the Los Angeles fires began. Can the market recover and stabilize?
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A new California law will prohibit state-chartered banks from charging fees for withdrawals that are instantaneously declined.
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Striking Amazon and Starbucks workers in California and elsewhere have long pushed for union contracts. The Trump administration is unlikely to be on their side.
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Some sectors, like agriculture, will be hit directly. Many more could feel the ripple effects.