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Calabasas, CA - June 07: Derek Krauss with the Las Virgenes Municipal Water District inspects a home switching from a sprinkler to drip system while surveying homes in the Mountain View Estates on Tuesday, June 7, 2022 in Calabasas, CA. The district's residents are under new water restrictions given the drought, and the Las Virgenes Municipal Water District -- which oversees water usage for affluent communities including Calabasas and Agoura Hills -- is tasked with making sure people are complying with the rules. (Dania Maxwell / Los Angeles Times)

Business

Water restrictions bring big profits for businesses helping SoCal cope with drought

With consumption caps in effect, obtaining, conserving and, in some cases, illegally stealing water have become pillars of the drought microeconomy.

Walls of glass run from floor to ceiling in the John Lautner-designed Wolff House.

Real Estate newsletter: A John Lautner masterpiece trades hands

Traders work on the floor at the New York Stock Exchange in New York, Friday, July 1, 2022. Stocks are off to a weak start on Friday, continuing a dismal streak that pushed Wall Street into a bear market last month as traders worry that inflation will be tough to beat and that a recession could be on the way as well. (AP Photo/Seth Wenig)

Wall Street closes higher but still ends week in the red

This picture taken in Moscow on October 12, 2021 shows the Chinese social networking service TikTok's logo on a smartphone screen. (Photo by Kirill KUDRYAVTSEV / AFP) (Photo by KIRILL KUDRYAVTSEV/AFP via Getty Images)

TikTok is sued over deaths of two young girls in viral ‘blackout challenge’

Technology and the Internet

Dennis Wang with his current Tesla, a Model Y.

EV demand is so hot that Tesla owners are flipping their cars like houses

FILE - A person is silhouetted against a wall as they look down at their cell phone outside the Clara Shortridge Foltz Criminal Justice Center on July 29, 2021, in Los Angeles. With abortion now or soon to be illegal in over a dozen states and severely restricted in many more, Big Tech companies that vacuum up personal details of their users are facing new calls to limit that tracking and surveillance. One fear is that law enforcement or vigilantes could use those data troves against people seeking ways to end unwanted pregnancies. (AP Photo/Chris Pizzello, File)

Roe decision magnifies data privacy concerns

Tesla's car factory in Fremont, Calif.

Tesla lays off hundreds of Autopilot workers in latest cuts

FILE - The drug misoprostol sits on a gynecological table at Casa Fusa, a health center in Buenos Aires, Argentina, Friday, Jan. 22, 2021. Facebook and Instagram have begun promptly removing posts that offer abortion pills to women who may not be able to access them following a Supreme Court decision that stripped away constitutional protections for the procedure. (AP Photo/Victor R. Caivano, File)

Instagram and Facebook remove posts offering abortion pills

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Real Estate

Los Angeles, CA - June 20: The Grand LA, designed by Frank Gehry and developed by Rick Vogel, executive vice president at Related, is located across from the Walt Disney Concert Hall - also deisgned by Gehry,and was intended to be a shopping, dining and entertainment complex, with one tower of luxury esidential properties and another tower for the Conrad Los Angeles, a luxury hotel from the Hilton brand, photographed in downtown Los Angeles, CA, Monday, June 20, 2022. (Jay L. Clendenin / Los Angeles Times)

Inside Frank Gehry’s latest Los Angeles mega-project

The scenic spot overlooks the Hollywood Bowl from a swimming pool, observation deck and three different viewing decks.

R.E.M.’s Mike Mills seeks $6.5 million for home overlooking the Hollywood Bowl

Walls of glass run from floor to ceiling in the John Lautner-designed Wolff House.

Hearst heiress sells Lautner’s famous Wolff House to Louis Vuitton’s director for $11 million

The 6.5-acre compound includes two ranches and an amenity-filled mansion called the "Yolo Estate."

Drake’s party compound, the ‘Yolo Estate,’ sells for $12 million

Built by architect Peter Tolkin, the three-acre estate centers on a series of wood-and-glass pavilions that wrap around a central courtyard.

‘How I Met Your Mother’ star Alyson Hannigan asks $18 million for Encino compound

Company Town

Collage of a man surrounded by another man, a woman, credit cards and plane.
For Subscribers

The man who played Hollywood: Inside Randall Emmett’s crumbling empire

The ex-fiance of reality star Lala Kent faces the collapse of his company amid a trail of lawsuits, civil fraud charges and allegations of abusive behavior.

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Personal finance and guides

Miami starting quarterback D'Eriq King speaks with the news media after a NCAA.

Sports

Q&A: What’s next for NIL (name, image likeness)

As name, image and likeness compensation rules hit the one-year mark, The Times provides a Q&A covering what has happened and what’s likely to come.

Huntington Beach, CA - April 22: A view of a townhome at 704 Lake St #62, for sale in Huntington Beach, listed at $1,100,000 Friday, April 22, 2022. The median home price in Orange Count has reached $1 million for the first time in history. (Allen J. Schaben / Los Angeles Times)

Selling your home? Here’s how previous house sales might affect your capital gains tax

Illustration for a story about how to be a hair stylist in the entertainment industry. Part of a series of stories about how to make it in Hollywood.

Explaining Hollywood: How to get a job as a hairstylist

FILE - Dollar bills are shown in New York, Oct. 24, 2016. Our emotional reactions to money, based on past experiences and mistakes, can interfere with our ability to make smart money decisions today. To address those emotions, several new books advocate strategies such as conducting body check-ins, rewriting your own money story and reflecting on past financial mistakes. (AP Photo/Mark Lennihan, File)

Contribution rules on IRA and 401(k) accounts differ a lot. Here’s a primer

Darah Fry (center) childcare provider, plays with Nora (left), 3, in a childcare area at Neighbor Nest on Thursday, March 21, 2019 in San Francisco, Calif. (Lea Suzuki/San Francisco Chronicle via AP)

The best sites for finding, or offering, child care and elder care

Help is now available for more Californians who are behind on their mortgages

Identity theft fears? How to get your credit report and a credit freeze

How to start an IRA for your new college graduate — because even Gen Z needs to save for retirement

No retirement plan at work? Your boss may have to sign up for CalSavers soon. Here’s what to know

LOS ANGELES, CA-JUNE 1, 2022:The price of gasoline approaches close to $8 a gallon at the Chevron gas station located at the intersection of Cesar. E. Chavez Ave. and Alameda Street in downtown Los Angeles. (Mel Melcon / Los Angeles Times)

Paying extra for premium gas? You should probably stop

Contactless card being used

One big trip whacked this reader’s credit score. How is that possible?

Kent Nishimura  Los Angeles Times CALIFORNIA’S

California will test digital driver’s licenses. Should you worry about your personal info?

FILE - This Jan. 22, 2020, file photo shows the likeness of Benjamin Franklin on $100 bills in Dallas. If you’re expecting a tax refund, you’re probably contemplating what to spend this newfound money on. There are several ways to use your windfall responsibly, but paying off debt could be the right option. (AP Photo/LM Otero, File)

This retiree’s tax preparer allowed IRS fines to accumulate for 15 years. Now what?

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Illustration of a craftsman home with a key and ribbon below.

The Great SoCal House Hunt

Buying a home for the first time is one of life’s sweet milestones.

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