Buy A House In 2025 | Gas Prices Expected To Spike | CA Business News

CALIFORNIA — This week in California business news, gas and home prices are expected to keep rising, the makers of the party staple Red Solo Cup are laying off California workers, and the Golden State is home to some of the nation's best new restaurants.

Also, a misprint on a widely distributed line of dolls from Barbie company Mattel led buyers to an explicit 18+ website.

Check out this week's top headlines for California business news on Patch:

• Gas Prices Could Spike In CA Amid New Emissions Goals
• Homes Sales Down But Prices Still Rising In SoCal
• 2025 Is The Year To Buy A House In CA: Realtor Gives 7 Reasons
• 2 Of America's Best New Restaurants Are In CA
• Maker Of Iconic Red Plastic Solo Party Cup Announces Layoffs In CA
• Waymo Has Arrived In SoCal. What To Know About The Robotaxi
  
• Mattel's 'Wicked' Misprint On Packaging Directs Customers To Porn Site
• JPL Announces 325 Layoffs Amid `Dynamic Funding Environment'

Quote Of The Week

“By purchasing in 2025, buyers have the potential to lock in properties at competitive prices and enjoy appreciation as demand remains strong, driven by limited inventory and continued desirability.” - Cristal Clarke, Real Estate Agent

The Bottom Line

• Employment in Southern California hit a record high in October despite high interest rates impacting the local economy, growing by 65,900 in four counties.
• Bay Area Robotaxi company Cruise LLC admitted to filing a false report to sway a federal investigation into a crash that happened last year when a pedestrian was run over.
• California ranked 30th in the nation for business climate in a recent analysis, bested by fast-growing economies in North Carolina, Utah and Texas.

Freebie of the Week

Many churches, community groups, city leaders, legislators and nonprofits are giving away turkeys or holiday meals to help families celebrate Thanksgiving. In some cases, recipients are urged to register ahead of time to ensure they receive a turkey.

Among the turkey giveaways taking place around the state are:

• The Second Annual Thanksgiving Turkey Giveaway hosted by State Senator Dr. Aisha Wahab for families in need in San Leandro on Nov. 22. Turkeys will be given away on a first-come first-serve basis. Click here for more details.
• City of Inglewood Turkey Giveaway — a drive-thru event at Hollywood Park on Nov. 20.
• Senator Bradford's 2024 Drive Thru Boxed Food & Turkey Giveaway — Torrance Nov. 22, 2024
• Hugo Soto-Martinez LA Downtown Medical Center Turkey Giveaway in Echo Park
• Orange County 4th District Supervisor, Doug Chaffee, is hosting a Thanksgiving Food Drive and turkey giveaway Nov. 23 at Sonora High School located at 401 S. Palm St., La Habra.
• Inland Empire Community Collaborative's 2024 Thanksgiving Turkey Giveaway is at two locations on Nov. 23: the Hemet Public Library and in Moreno Valley at Sigma Beta Xi, Inc.
• Oakland Council member Jenkins Thanksgiving Turkey Giveaway ( for District 6 Residents) Nov. 23.
• Walkup, Melodia Kelly & Schoenberger Hosts Second Annual Turkey Giveaway Nov. 23 at Lowell High School in San Francisco.

More Restaurant News

NorCal Eatery A Best New Restaurant In America Pick: List

14 restaurants from coast-to-coast were chosen. Have you tried this super-popular spot?

New Argentinian-Italian Restaurant, Morella, Opens In Marina District

San Francisco’s latest dining concept showcases Argentina's Italian culinary influences.

Blaze Pizza Opening 5 New Locations In SoCal

The first two locations are set to open in 2025.

Upscale Restaurant Opening In SoCal Beach Town

Montauk is set to open in Redondo Beach in spring and aims to offer a sophisticated coastal dining experience to the laid-back area.

Iconic Cafe Temporarily Closes In SoCal

A Laguna Beach cafe that has served customers since the 1940s has now been temporarily closed for several days.

New Ice Cream Shop To Open Doors In SoCal City

Santa Barbara's McConnell's Fine Ice Cream is opening its first Orange County location on Thursday, Nov. 21.

More Business News

CA Costco Opening Before Thanksgiving: Reports

The long-awaited Costco will feature 16,000 square feet of warehouse space and a large gas station.

Pinstripes To Open In Walnut Creek, Bring 150 Jobs: Peek Inside

"It is an exciting addition to Broadway Plaza, and we look forward to introducing its sophisticated, fun atmosphere to the community."

Camera Store Transforms With New Experiential Retail Concept

The iconic camera store introduces workshops, outings, and customized consultations in a new location.

Niles Canyon Railway Releases Additional Tickets For Holiday Train

Sunol departures have been added for the Train of Lights.

Penske Entertainment Acquires Long Beach Grand Prix Association

Penske Entertainment takes charge of the longest-running major street circuit race in North America ahead of its 50th anniversary.

Independent Boutiques In Long Beach Among Highest-Rated In The U.S.

Indie stores in Long Beach have some of the highest consumer ratings in the nation, according to a new study.

The Cake House Cannabis Retailer Continues Southwest RivCo Expansion

The retailer is looking to open another storefront in the region.

U-Haul Self Storage Plans Expansion In Murrieta

The new project targets 1.11 acres south of Los Alamos Road, about 160 feet east of Jefferson Avenue.

Budget-Friendly Thanksgiving Meal Grocery Store Deals In CA

Grocery store chains and big-box retailers are offering Thanksgiving meal deals and rolling back prices this holiday season.

Unicars Honda Superstore, Service Shop Opens In Indio

The superstore will offer a selection of used cars, deals and mechanic service to the desert communities.

Get A Head-Start On Holiday Shopping At Annual Library Book Sale

Mission Viejo residents can get a jumpstart on holiday shopping at the Friends of the Library Holiday Book Sale Nov. 22-23.