In Solvang, state controller says recession is coming to California
Economists are predicting a recession will probably occur in full within the next two years, according to California State Controller Betty Yee, who spoke at an Aug. 24 event in Solvang hosted by the Solvang Chamber of Commerce. Some larger companies in California are already making decisions to delay hiring and delay business growth, Yee Read More →
Real Estate: Procore to sublease blufftop buiding in Carpinteria; Life sciences building sold in Conejo Valley
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Tourism comeback complete as region’s first ‘normal’ summer since 2019 nears its end
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Real Estate: Firm headed by members of Firestone and Parker families buys Waterman hotel in Santa Barbara
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Girls Inc. in dispute over Santa Barbara property sale
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Region’s unemployment rate flat at 3%, state hits all-time low
The unemployment rate in the tri-county region was 3% in July, the same as the month before, while California hit a new record low in July at 3.9%, according to data released Aug. 19 by the California Employment Development Department. Ventura’s unemployment rate in July was 3.2%, unchanged from the previous month and well below Read More →
Transphorm reports shrinking loss, rising revenue
Goleta-based Transphorm just missed analysts’ expectations when it reported its first quarter earnings on Aug. 15. Transphorm, a supplier of gallium nitride power conversion products, reported an adjusted earnings per share loss of 8 cents for the quarter ended June 30, one cent higher than Zacks Consensus Estimate. The company also reported a loss of Read More →
