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Tri-county stocks mixed as stimulus package stalls

By   /  Monday, March 23rd, 2020  /  Biotech, Central Coast Health Watch, Earnings, Latest news, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Tri-county stocks mixed as stimulus package stalls

A 3 percent drop in U.S. equities markets hit smaller stocks in the Tri-Counties on March 23, as a stimulus package to combat the economic fallout of the coronavirus failed for a second time to gain legislative approval.  The region’s companies had mixed results, with gains for eight out of the 10 largest firms. Goleta Read More →

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CLU economists predict downturn worse than Great Recession

By   /  Monday, March 23rd, 2020  /  East Ventura County, Education, Latest news, Tri-County Economy  /  Comments Off on CLU economists predict downturn worse than Great Recession

California Lutheran University’s economic forecast group is warning that policymakers have limited options to head off a downturn that could be worse than the Great Recession. In an update to recent forecasts, the Center for Economic Research & Forecasting warns that massive stimulus efforts may not help speed a recovery if “countless numbers of small Read More →

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SB County response effort to provide $1 million in assistance

By   /  Friday, March 20th, 2020  /  Central Coast Health Watch, Latest news, Nonprofits, South Coast  /  Comments Off on SB County response effort to provide $1 million in assistance

The COVID-19 Joint Response Effort for Santa Barbara County announced March 19 that it will provide more than $1 million in assistance to individuals and families as well as organizations actively assisting members of the community affected by the COVID-19 pandemic. The Santa Barbara Foundation, United Way of Santa Barbara County and the Hutton Parker Read More →

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Tri-county stocks end week with mixed results

By   /  Friday, March 20th, 2020  /  Earnings, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Tri-county stocks end week with mixed results

Tri-county public companies ended the worst week for Wall Street since 2008 with a 5 percent drop March 20, as the threat of a recession loomed larger in the wake of the coronavirus outbreak.  Stocks had a mixed close, with losses among several biotech firms, including regional biotech giant Amgen. Shares fell another 5.3 percent Read More →

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Tri-county stocks bounce back from coronavirus losses

By   /  Thursday, March 19th, 2020  /  Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Tri-county stocks bounce back from coronavirus losses

Tri-county stocks regained some of the previous day’s losses with the passage of a stimulus package to counteract the economic impacts of the coronavirus crisis, ending up 4.4 percent March 19 from the start of the week. Early stage biotech stocks topped the gains, including a 36 percent jump for Arcutis Biotherapeutics and a 27 Read More →

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The Trade Desk partners with TikTok

By   /  Thursday, March 19th, 2020  /  Latest news, Technology, Tri-County Public Companies, West Ventura County  /  Comments Off on The Trade Desk partners with TikTok

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Qualstar reports net loss despite higher revenue

By   /  Thursday, March 19th, 2020  /  Earnings, Latest news, Technology, Tri-County Public Companies, West Ventura County  /  Comments Off on Qualstar reports net loss despite higher revenue

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