California

California has been losing legacy companies, but boosters say it remains an incubator for new technology companies.

Outflows continued as investors pulled $3.876 billion from mutual funds in the week ending Oct. 19 after $4.532 billion of outflows the previous week, according to the Investment Company Institute.

Several California cities have waged a multi-year climate change battle against oil companies

The strength of the California economy suggests it deserves higher ratings, CreditSights said, but slowing revenues could mean the state's credit has peaked.

Decisions by three organizations to drop Moody's ratings underscore an industry-wide trend as the sector struggles with rising costs and narrowing margins.

Between them, the California State University trustees and University of California regents have sold more than $23 billion of bonds since 2017.

Outflows continued as investors pulled $4.532 billion from mutual funds in the week ending Oct. 12 after $5.172 billion of outflows the previous week, according to the Investment Company Institute.

California Gov. Gavin Newsom scheduled a special session for Dec. 5 to discuss implementing the tax on oil company profits amid high gas prices.

California is looking to pioneer the floating wind technology that's required in the deep waters where roughly two-thirds of the country's offshore wind potential exists.

California Gov. Gavin Newsom, Oregon Gov. Kate Brown, Washington Gov. Jay Inslee and British Columbia Premier John Horgan signed a statement of cooperation.