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.

City leaders announced the availability of 30,000 Section 8 housing vouchers this week.

The committee aims to craft best practices that would encourage greater use of the "green bond" label.

Goldstone will stay on as a special advisor to the mayor.

California Gov. Gavin Newsom signed a package of housing legislation headlined by bills removing regulatory barriers to new-home construction.

The bills signed by the California governor include one allocating nearly $1.5 billion to University of California campuses for climate change research.

California school districts will bring 100 bond measures to voters in November, according to one advocacy group, up from 21 in June and 60 in November 2020.

The conference returned to an in-person event for the first time since the pandemic.

California revenues are $2 billion below its 2023-23 Budget Act forecast for the first two months of the fiscal year 2023.

Though the 2028 Olympics in Los Angeles may still seem far off, city leaders in the region are finalizing plans set in place when the city was first selected to host the Games.

The capital finance director of the San Francisco Public Utilities Commission delivered some biting remarks to states banning underwriters based on political issues.