Tri-county stocks bounce back as market soars
Latest news, Tri-County Economy, Tri-County Public CompaniesThe Dow Jones Industrial Average surged at historic rates March 24, as pressure came down from President Donald Trump on Congress to pass a fiscal stimulus bill and regulators to reopen businesses by Easter. Tri-county public companies rebounded 9.4 percent from the past week’s declines, including a 68 percent jump for Goleta breast implant supplier Read More →
Amgen, WEV step up with pledge and online resources
Health Care & Life Science, Latest news, Nonprofits, Women Inc.Regional organizations have jumped into action to support communities affected by the global health crisis. Thousand Oaks biotech giant Amgen pledged up to $12.5 million to support emergency response efforts for the coronavirus pandemic, including operations by Goleta-based Direct Relief and the Los Angeles humanitarian nonprofit International Medical Corps. “The COVID-19 pandemic is precipitating a Read More →
Tri-county stocks mixed as stimulus package stalls
Earnings, Health Care & Life Science, Latest news, Technology, Tri-County Economy, Tri-County Public CompaniesA 3 percent drop in U.S. equities markets hit smaller stocks in the Tri-Counties on March 23, as a stimulus package to combat the economic fallout of the coronavirus failed for a second time to gain legislative approval. The region’s companies had mixed results, with gains for eight out of the 10 largest firms. Goleta Read More →
CLU economists predict downturn worse than Great Recession
East Ventura County, Higher Education, Latest news, Tri-County EconomyCalifornia Lutheran University’s economic forecast group is warning that policymakers have limited options to head off a downturn that could be worse than the Great Recession. In an update to recent forecasts, the Center for Economic Research & Forecasting warns that massive stimulus efforts may not help speed a recovery if “countless numbers of small Read More →
SB County response effort to provide $1 million in assistance
Health Care & Life Science, Latest news, Nonprofits, South CoastThe COVID-19 Joint Response Effort for Santa Barbara County announced March 19 that it will provide more than $1 million in assistance to individuals and families as well as organizations actively assisting members of the community affected by the COVID-19 pandemic. The Santa Barbara Foundation, United Way of Santa Barbara County and the Hutton Parker Read More →
Tri-county stocks end week with mixed results
Earnings, Latest news, Tri-County Economy, Tri-County Public CompaniesTri-county public companies ended the worst week for Wall Street since 2008 with a 5 percent drop March 20, as the threat of a recession loomed larger in the wake of the coronavirus outbreak. Stocks had a mixed close, with losses among several biotech firms, including regional biotech giant Amgen. Shares fell another 5.3 percent Read More →
Tri-county stocks bounce back from coronavirus losses
Earnings, Latest news, Tri-County Public CompaniesTri-county stocks regained some of the previous day’s losses with the passage of a stimulus package to counteract the economic impacts of the coronavirus crisis, ending up 4.4 percent March 19 from the start of the week. Early stage biotech stocks topped the gains, including a 36 percent jump for Arcutis Biotherapeutics and a 27 Read More →
