China’s economy grew 5.4% before US tariffs hit; slowdown likely, analysts warn
China’s economy posted 5.4% growth in the first quarter of 2025, fueled by strong exports ahead of steep new US tariffs. But economists warn a slowdown is likely as trade tensions escalate.
Free tax prep in LA
April 15 marks the deadline to file taxes. Good Day LA's Koco McAboy takes us to Koreatown.
Billionaire hedge fund manager warns tariffs could trigger conditions 'worse than a recession'
Billionaire hedge fund manager Ray Dalio said that the U.S. economy could experience something "worse than a recession" if current economic and financial challenges aren't handled well.
Forever 21 gift cards set to expire Tuesday as retailer shuts down US stores
Forever 21 customers must use gift cards and store credit by the end of Tuesday as the retailer winds down its U.S. operations after filing for bankruptcy for the second time.
LA County unveils tight 2025-26 budget
The $47.9 billion proposal reflects efforts to "offset extraordinary budget pressures," according to a statement from the county, including more than $1 billion in costs related to the January wildfires.
How much is the average tax refund in 2025? It depends on where you live
A new report shows tax refunds are larger in 2025—but fewer people are receiving them. Geography, income, and tax policy all play a role in how much money Americans get back from the IRS.
Filing a tax extension: How to do it, what taxpayers in disaster areas should know
Those who experienced a weather disaster this past year may be granted an automatic extension to file your taxes. Here’s how to check.
American consumers see tariff surcharges on their receipts amid trade war
American consumers are noticing a new line on their shopping receipts — a tariff surcharge.
Trash fees set to increase in Los Angeles
In an attempt to address a $1 billion budget shortfall, the LA City Council approved a plan to increase trash collection fees.
List: The cities most affected by inflation in 2025
A recent study shows that some cities across the country are impacted more by inflation than others. Here's where your area ranks on the list.
More condos in US are selling below list price
Over half of the condos sold earlier this year were for less than the asking price, which is higher compared to last year’s sales, a new report finds.
US corporate bankruptcies rise to highest Q1 level since 2010
Corporate bankruptcies in the U.S. increased to their highest level in the first quarter since 2010, as firms with weaker balance sheets struggled to make debt payments.
List: These are the groceries that have increased in price the most
Grocery prices keep rising – and these items are seeing the biggest price hikes, according to a new analysis.
Inflation fell in March despite Trump tariffs: Here's why
Inflation fell to its lowest numbers since September last month, despite President Trump’s back-and-forth on tariffs and uncertainty surrounding the economy.
Egg prices continue to increase, reach new record high
Egg prices have spiked and may not drop until after Easter due to high consumer demand. Here's what we know.
Trump tariffs sparking recession concerns
The global market briefly trended upward after President Donald Trump backed out of most of the proposed tariffs, but U.S. recession concerns remain.
Tariff update: Here's what the US imports from China
China was the top supplier of goods to the U.S. in 2022, followed by Mexico and Canada.
These states spend the most on groceries: How does your bill compare?
Some states paid over $11,000 on average for groceries.
Trump limits tariffs on most nations for 90 days; raises Chinese import tax rate to 125%
Trump’s sweeping new tariffs took effect on Wednesday morning, but by the afternoon, nearly all of them were lowered and paused -- except for China, which he hit with a 125% import tax.
Stocks soar as Trump announces 90-day tariff pause—China excluded; Dow jumps 2,000 points
Stocks rallied after President Trump announced a 90-day pause on tariffs, excluding China, pushing the Dow up 2,000 points.