Business
California jobs picture brightens in May; unemployment drops for first time in many months
In a surprisingly strong economic report, California employers stepped up their hiring in May and the statewide unemployment rate dropped for the first time since the summer of 2022, the government reported Friday.
Employers in the state added 43,700 jobs last month across a broad spectrum of industries, breaking from the recent pattern of lagging behind the nation in job creation. In April, the California economy produced only 4,100 jobs.
The state Employment Development Department noted that the May increase in payrolls accounted for 16.1% of the country’s overall gains of 272,000 jobs, exceeding California’s 11% share of employment nationally.
However, manufacturing in California continued to shed jobs, as did the high-paying information sector, which includes the struggling motion picture industry.
Last month California’s unemployment rate edged down to 5.2%, from 5.3% in April, even as the U.S. jobless figure went up a notch in May to 4%. Until last month, the state’s unemployment rate had been gradually rising since reaching a low of 3.8% in August 2022.
In April, California had the highest unemployment rate in the nation, reflecting weakness in some of the state’s leading sectors, including technology, information and professional services.
The improvement in May, though just one month, was a welcome relief to officials after the state’s recent subpar performance and amid signs that the national economy is slowing down. Consumer spending is softening and job openings in California and other states have been shrinking in recent months.
California’s job gains last month continued a pattern of solid growth in health services and at government offices. Leisure and hospitality businesses also added to their payrolls, despite the pressure of higher minimum wages, especially at fast-food restaurants.
Significantly, several sectors that had been weak — professional services, trade and transportation, and financial services — also saw job growth last month.
“Before state government celebrates too widely, it is worth noting a few of the job dynamics not in the state’s press release,” said Michael Bernick, former director of the state EDD.
He noted that California has an outsized number of unemployment claims — almost double the state’s share of the U.S. labor force population. And a large portion of the job gains last month were in industries that offer lower wages and fewer hours.
What’s more, job gains are still coming disproportionately from publicly funded sectors such as healthcare and social assistance as well as government agencies, Bernick said. He and other analysts worry that California’s large budget deficit will spill over to the broader economy in the coming months.
Business
Waymo launches services with cheaper robotaxis in Los Angeles
Waymo is rolling out a new driverless taxi to help the company expand into more cities and tackle tougher driving conditions, including snowy roads, the company announced Wednesday.
The new vehicle, dubbed the Ojai, will begin serving select customers in Los Angeles, San Francisco and Phoenix in the coming weeks. Rides will be free of charge as the company gathers feedback.
-
Share via
The Ojai has sliding doors and offers riders more legroom, three screens and accessibility features such as Braille. The minivan-like taxi can carry four passengers and also has more cargo space than its current vehicles.
Waymo is launching around 100 Ojai vehicles and plans to ramp up production to supplement its fleet of Jaguar I-Pace taxis, which shuttle customers around in more than 10 cities.
The company plans to eventually have tens of thousands of driverless taxis made per year, starting with the Ojai, then scaling using retrofitted Hyundai IONIQ 5s.
The Ojai is manufactured for Waymo by Zeekr, a Chinese automobile company.
Though it appears bulkier than the I-Pace, the Ojai is only 1% larger, the company said.
Waymo’s new autonomous vehicle, called the Ojai. (Allen J. Schaben / Los Angeles Times)
The Ojai could pave the way for Waymo to expand more rapidly at a lower price, as it costs less to manufacture and outfit than the I-Pace. The company says the new robotaxis have better batteries and are easier to clean and maintain than their predecessors.
The new vehicle also uses self-driving technology more efficiently, the company said, relying on 13 cameras, five lidars and six radar sensors. The I-Pace taxis have 29 cameras.
Waymo’s sixth-generation “Waymo Driver” system will debut in the Ojai, designed to better handle snowy conditions and other driving situations.
Last week, Waymo suspended its service on U.S. freeways due to safety concerns, particularly regarding flooded roads and construction zones. The company recalled more than 3,000 vehicles in April after several vehicles drove into standing water. The sixth-generation driver aims to fix those bugs.
Waymo is a privately held company owned by Alphabet, Google’s parent company. It is leading the race to put more driverless taxis on the road, pulling ahead of Amazon’s Zoox, Elon Musk’s Tesla and a handful of efforts from Uber.
Waymo taxis have completed more than 20 million fully autonomous trips in cities including Los Angeles, Atlanta, Miami and Nashville.
Business
Video: Ferrari’s Stock Falls After It Unveils Its Latest Car
new video loaded: Ferrari’s Stock Falls After It Unveils Its Latest Car
transcript
transcript
Ferrari’s Stock Falls After It Unveils Its Latest Car
The Italian sports car manufacturer received significant backlash after it unveiled its first electric vehicle, the Luce, earlier this week.
-
It doesn’t shout Ferrari. And for a company whose entire history is based on making dynamic-looking, sleek cars, it’s maybe harder for Ferrari to get around than it is for other manufacturers.
By Jamie Leventhal
May 27, 2026
Business
Dark Horse Comics to close all Things From Another World storefronts
After nearly 50 years of selling all things comics, Dark Horse is closing its Things From Another World retail locations.
The publishing house, well known for series such as “Hellboy” and “The Umbrella Academy,” operated two storefronts in Oregon and maintained a flagship store at L.A.’s Universal Citywalk. The Oregon shops will close in June, and the L.A. location will close in September. The company said in a statement that these closures are a part of its efforts to “modernize.”
“This was not an easy decision, and we do not take lightly the impact it has on the people directly affected,” Dark Horse said in a statement.
As the company moves away from the retail business, the Oregon-based publisher said it plans to focus more on its creators and writers, “ensuring they have the development support, creative partnerships, and resources to bring their visions to life across film and television.” Over the years, Dark Horse has become one of the largest comics publishers in the country.
The company also recently launched a games division focused on providing creators with development opportunities in interactive entertainment.
Dark Horse added, “We believe these changes further focus Dark Horse on its successful core publishing and collectibles business and on deepening our relationship with our fans and the retail community alike.”
The structural changes came a week after Dark Horse Media, which oversees Dark Horse Comics, was rolled into a new parent company, Fellowship Entertainment. The Stockholm-listed entertainment business was formed through a company split at Embracer Group. Under this separation, Fellowship Entertainment is now home to companies such as Dark Horse Media and Crystal Dynamics, as well as IPs such as “The Lord of the Rings” and “Tomb Raider.”
Dark Horse was founded in 1986 by Mike Richardson. He had initially opened Pegasus Books in Bend, Ore., in 1980, with plans to become an author. But as the retail business expanded, he instead decided to get into the publishing industry with Dark Horse. In the first few years of the company, he popularized comic series based on movies such as “Star Wars,” “Aliens” and “Predator.” Today, the company represents over 350 properties across comics, books, films, television, electronic games, toys and collectibles.
The closing of Things From Another World at Universal Citywalk marks the loss of another legacy comic store in the city. In recent years, many storied shops such as Geoffrey’s Comics in Torrance, Earth-2 Comics in Sherman Oaks and Hi De-Ho Comics in Santa Monica have all been forced to close due in part to a struggling retail market.
-
Culture8 minutes agoFinding Wisdom in a Poem by Wendy Cope
-
Lifestyle14 minutes ago‘Look to your elders’: Alfre Woodard shares her secret to Hollywood longevity
-
Technology26 minutes agoNintendo’s newest WarioWare is a weirdo smartphone app
-
World32 minutes agoPutin lands $16.5B nuclear win on Russia’s doorstep in massive Kazakhstan pact: reports
-
Politics38 minutes agoPolice rush to SCOTUS justice’s home amid rising threats against conservatives — but report quickly unravels
-
Health44 minutes agoWhat to know about thyroid cancer prognosis following Pam Bondi’s diagnosis
-
Sports50 minutes agoMassimiliano Allegri Signs Two-Year Napoli Contract To Replace Antonio Conte
-
Technology56 minutes agoFox News AI Newsletter: Chatbots’ left-wing bias