Airbnbs and other short-term rentals in unincorporated areas would be limited to hosts who rent out their primary residence, under a proposal that received preliminary approval from the Los Angeles County Board of Supervisors on Tuesday.Officials say the rentals have spread throughout unincorporated areas of the county, sometimes leaving a trail of loud parties and streets littered with trash.The proposed law, five years in the making, would prevent hosts from listing second homes, guest houses, accessory dwelling units or investment properties in unincorporated Los Angeles County. Supervisors, who unanimously passed the law Tuesday, must vote on it again, likely early…
Author: ricardofrancois
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Intel will receive $8.5 billion in direct financing and $11 billion in loans from the US government to expand its cutting-edge chip manufacturing capacity, as it seeks to reinvent itself as a national champion in the sector and compete with the likes of Taiwan's TSMC and Intel Corp. South Korean Samsung. US President Joe Biden will travel to Intel's site in Chandler, Arizona, on Wednesday to announce the package that will be allocated to building new facilities for the company in the…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent directly to your inbox every weekdayGood morning. It's Fed Day. A good way to prepare for the speech, the outline, and the rest is to read Chris Giles' clear newsletter about the US utility slowdown. How Jay Powell talks about this problem will be of great interest. Send an email before 2pm ET with your predictions on whether the meeting will be hawkish or…
NEW YORK – January 6, 2023: Nate Anderson works in his office. Anderson exposes corporate fraud and Ponzi schemes through his company Hindenburg Research.The Washington Post | The Washington Post | Getty ImagesHindenburg Research has established itself as one of the most powerful voices in public activist short selling, having depressed the stock prices of several big-name companies in recent years with its blockbuster reports.The New York-based activist short-selling firm, founded by Nate Anderson, has also gained a reputation for its fearlessness, having gone after billionaires such as Carl Icahn and Gautam Adani, along with regularly making large public bets…
Apple Store in Shanghai, China.Future Publishing | Future Publishing | Getty Imagesapple CEO Tim Cook is visiting Shanghai, according to a post on his official Weibo account on Wednesday, ahead of the opening of a new retail store and a drop in iPhone sales in the country.A video clip attached to the post showed Cook walking around one of the city's famous tourist areas and having breakfast with Chinese actor and TV personality Zheng Kai.According to a press release issued on Monday, the new retail store, located in the city's Jing'an district, will be opened on Thursday. Cook frequently visits…
This article is part of the FT Globetrotter's guide to LondonHaving cocktails with your pre-teens on a Saturday afternoon at a country house hotel may seem a little irresponsible. But we signed up for a family cocktail course, and we're just following the instructions. Propping up the blue ceramic curved bar at the Cowley Manor Experimental, my kids (11 and 9) indulge in old-fashioned herbal warmings made by the hotel's head bartender, Simon Ross. Instead of spirits, use a mix of Everleaf Forest, a non-alcoholic aperitif made with saffron, vanilla and orange blossom, with some chai tea for warmth and…
The number of startups in India's electric two-wheeler market rose to over 150 from 54 in 2021, driven by government incentives to encourage clean vehicles and cut oil imports, according to a new analysis. The influx has intensified competition in a segment that is expected to grow 15-20 times to annual sales of 15-20 million units over the next decade, Bernstein said in a report issued late Tuesday. “Most of them compete in the mainstream, and 85% of the 65 models launched last year were of these products: high-speed versus fast and limited-range products, which were previously a feature of…
Columbus, Ohio – President Biden and Donald Trump won several of their parties' primaries on Tuesday, securing more delegates as they continue their march toward a rematch in November's presidential election. Biden, a Democrat, and Trump, a Republican, easily won Tuesday's primaries in Kansas, Ohio and Illinois. Trump also won the Republican primary in Florida. There was no contest for Biden's victory in Florida, as Democrats there canceled their primaries and chose to award all of their 224 delegates to him, a move that takes precedence for a sitting president. Trump and Biden are also expected to easily win Tuesday's…
Months after a man survived a hail of gunfire while driving in Riverside, investigators have arrested two men in an alleged murder-for-hire plot, including a Victorville pastor who authorities say beat up the man dating his daughter. The pastor, identified Tuesday as Samuel Pasillas, 47, is accused of paying nearly $40,000 to kill his daughter's fiancé, according to the Riverside Police Department. Investigators said Pasillas provided information about his friend to the men he paid, including the man's location the night he was shot in October. Juan Manuel Cebreros, left, and Samuel Pasillas are shown in booking photos. (Riverside Police…
Everyday household items, including a remote thermostat and baby monitor, may leave you vulnerable to hackers. But a new federal program hopes to identify and classify Internet-connected products that take extra measures to protect your information online. Any device that can be accessed remotely and transmits information over the Internet is vulnerable to hacking, said Tracy Mitrano, a visiting professor of information science at Cornell University. If a hacker gains access to your device data, they may be able to access your product account, which is typically linked to a bank account or other personal information, Mitrano said. On most…