The Los Angeles school board voted Tuesday to ban cell phones in classrooms, a trend that has been spreading to multiple districts across the U.S. The move, approved by a 5-to-2 vote, makes the school district the largest yet to ban cell phones, with the board pointing to studies that show they distract students, … Read more
Everyone remembers where they were when OJ Simpson – in the back of a white Ford Bronco being driven by AC Cowlings – made his way down The 405 in a low-speed pursuit with the Los Angeles Police Department. I just happened to be about two years away from being born, but that’s neither here … Read more
Hercules Investments CEO and CIO James McDonald. CNBC A former investment company CEO who previously appeared as a paid contributor to CNBC was arrested on fraud charges after more than two years as a fugitive from a Securities and Exchange Commission investigation, federal prosecutors said. The defendant, James Arthur McDonald Jr., is accused of misrepresenting … Read more
Joan Payden is one of America’s richest self-made women. At age 92, she’s also one of the oldest. Payden is the CEO of Payden & Rygel, a Los Angeles-based money management firm she founded in 1983 after quitting her job and emptying her 401(k), according to Forbes. Today, the firm manages more than $161 billion … Read more
Los Angeles real estate company The Agency is selling homes complete with artwork and furniture. The piece shown is called “The McCoys II” (2019) and is by artist Shaina McCoy. The Agency | Nils Timm When Paul Lester joined a luxury real estate agency in Los Angeles, he decided to organize a Beverly Hills property … Read more
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The rich have taken “quiet wealth” to a new level, turning to private purchases of mansions, art and classic cars designed to avoid … Read more
Wayfair store in Wilmette, Illinois. Courtesy: Wayfair What retail apocalypse? Online home goods retailer Wayfair is opening its first namesake store, near Chicago, following a string of other digitally native companies that have turned to brick-and-mortar for growth. In an ironic twist for a company that became a $12 billion powerhouse by persuading consumers to … Read more
Kevin Mazur | Getty Images Entertainment | Getty Images Media giants are making their annual pitches to advertisers this week against the backdrop of significant disruption in the industry. The Hollywood writers and actors strikes are over, meaning Upfronts will likely be star-studded once again, major cost cutting is largely in the rear view mirror … Read more
LOS ANGELES (AP) — A judge found Thursday that Beach Boys founder and music luminary Brian Wilson should be in a court conservatorship to manage his personal and medical decisions because of what his doctor calls a “major neurocognitive disorder.” At a hearing, Los Angeles Superior Court Judge Gus T. May approved the petition filed … Read more
Yana Iskayeva | Moment | Getty Images The uber wealthy live a world apart and their investing strategies also look vastly different from the average investor’s portfolio. “While there is no official threshold, centimillionaires or individuals with a total net worth of over $100 million, is a good benchmark as entry into the 0.001% club,” … Read more
