Economic Update | Week Ending February 15, 2025

Weekly Economic Upate

Inflation increased in January – The January Consumer Price Index (CPI) was released on Wednesday. It showed that consumer inflation increased 0.5% month-over-month. That marked the largest month-over-month increase since August 2023. The CPI index showed consumer prices were up 3% year-over-year. The CPI index peaked at 9.1% in May 2022 and worked its way down to 2.4% in August 2024, unfortunately, its risen every month since then and is now back up to 3%, a one-year high. Core CPI, which excludes volatile food and energy prices increased 0.4% month-over-month in January, its highest monthly increase since April 2023. It is currently up 3.3% year-over-year. On Thursday it was reported that the Producer Price Index (PPI) jumped 3.5% year-over-year in January, its highest increase since February 2023. Producer prices are wholesale prices. When producers have to pay more for goods and materials those increases are passed along to consumer prices. Bond yields and mortgage rates rose on Wednesday and Thursday following the inflation news.

Retail sales slumped in January – On Friday the Commerce Department reported that retail sales slipped 0.9% in January, down from a 0.7% gain in December. Normally when the unemployment rate drops and wages increase much higher than the inflation rates consumer spending increases which fuels inflation. Consumer spending has surged for several years now. A drop in consumer spending in January could be a sign that consumers are feeling less optimistic about their finances. Investors will look to future months to see if this was just an outlier or if consumers are beginning to curtail their shopping. This was good news for mortgage rates and bond yields which dropped on Friday to end the week unchanged from last week’s rates.

The graph below shows the CPI rate since 2021.

Stock markets – The Dow Jones Industrial Average closed the week at 44,546.08, up 0.5% from 44,303.40 last week. It is up 4.7% year-to-date. The S&P 500 closed the week at 6,114.63, up 1.5% from 6,025.99 last week. The S&P is up 4% year-to-date. The Nasdaq closed the week at 20,026.77, up 2.6% from 19,523.40 last week. It is up 3.7% year-to-date.

U.S. Treasury bond yields – The 10-year treasury bond closed the week yielding 4.47%, down slightly from 4.49% last week. The 30-year treasury bond yield ended the week at 4.69%, unchanged from 4.69% last week. We watch bond yields because mortgage rates follow bond yields.

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of February 13, 2025, were as follows: The 30-year fixed mortgage rate was 6.87%, down slightly from 6.89% last week. The 15-year fixed was 6.09%, up slightly from 6.05% last week.

The graph below shows the trajectory of mortgage rates over the past year.

January’s home sales figures will be released next week by the California Association of Realtors and the National Association of Realtors. Those will be included in next week’s report. You can get the same data now for your city, county, or zip code from our website RodeoRe.com.

Weekend Events | February 14 – February 16

Valentine’s Day weekend is here! Whether you are spending this time celebrating true love or self-love, there are plenty of ways to enjoy the holiday weekend. From VDay soirees to Galentine fit classes and more, we have you covered for events happening February 14 through February 16. 

Los Angeles Weekend Events | February 14 – February 16 

“An L.A. Romance” at Clifton’s

When: February 14 

Where: Downtown

What: Step into old Hollywood glamour at Clifton’s Republic’s Valentine’s Day soirée, a love letter to Los Angeles and its storied past. General admission grants access to the enchanting Forest Glen and Monarch lands with a live DJ, while VIPs can explore the exclusive Pacific Seas tiki bar and Brookdale Ballroom. The highlight? A rare first look at Shadowbox, Clifton’s underground speakeasy inspired by Weimar Berlin cabaret, with tickets starting at $82 and upscale packages available for a more indulgent evening.

Tarantino: Pulp Rock

When: Until March 9 

Where: Hollywood

What: For the Record returns with its most ambitious production yet—CineVita, the world’s largest Spiegeltent, now its new home at Hollywood Park near SoFi Stadium. Kicking things off is Tarantino: Pulp Rock, a high-energy tribute celebrating 30 years of Pulp Fiction while bringing iconic musical moments from Reservoir Dogs, Kill Bill, Inglourious Basterds, and Once Upon a Time in Hollywood to life.

Selena Gomez’s Rare: The Pop-Up & Valentine’s Shop

When: February 14 – February 16 

Where: Fairfax District

What: Celebrate Rare Beauty’s fifth anniversary just in time for Valentine’s Day at Complex LA’s latest pop-up event. Shop exclusive merch, including a limited-edition blush, while supporting a good cause—100% of sales will go to Direct Relief to aid wildfire recovery efforts. RSVP is available but doesn’t guarantee entry, so arrive early to secure your spot.

Westside & Beach Communities Weekend Events | February 14 – February 16

Show Some Love at Pacific Park

When: February 14 – February 16 

Where: Santa Monica

What: The Santa Monica Pier is turning up the romance this Valentine’s Day with floral installations, heart-themed photo ops, and the Pacific Wheel glowing in red and pink all weekend. Stroll to live violin music, grab a bouquet from Cupid’s Cart, and enjoy festive food and drink specials. On February 14, join an interactive Lego build or a paint-and-sip session at Patio 66 Bar & Grill for a fun, creative date night.

Black History Month Art Pop-Up Experience

When: February 9 – February 23

Where: Westfield Culver City

What: Westfield Culver City honors Black History Month with free art, culture, and community events from February 8–23. The first floor will showcase works by local Black artists, including Christen Austin, Mike Norice, and Tyris Winter. Highlights include a Community Kickoff Celebration (Feb 8, 1–3pm) with performances and book signings, and Creative Expressions Day (Feb 15, 1–3pm) featuring arts and crafts for kids. Free entry; online registration is recommended.

Haunted Hearts: A Paranormal Date Night Tour + Dinner

When: February 14 – February 15 

Where: Long Beach 

What: For a spine-chilling twist on Valentine’s Day, the Queen Mary’s VIP paranormal tour takes just 20 guests through the ship’s most haunted areas, sharing eerie encounters and ghostly lore. Afterward, enjoy a prix-fixe dinner with fellow ghost hunters. Prefer something more traditional? Opt for Love Is in the Air, a romantic four-course dinner with dancing on February 14 ($265 per couple).

San Fernando Valley Weekend Events | February 14 – February 16 

Moulin Rouge Parisian Night Valentine’s Day Gala

When: February 14

Where: North Hollywood

What: Celebrate love and passion with a glamorous Moulin Rouge Parisian Night at XO Banquet Hall. Enjoy an evening of fine dining, dazzling live performances, and exciting surprises—all in support of a meaningful cause.

Galentine’s Bootcamp

When: February 16 

Where: Encino

What: Celebrate Galentine’s Day with a fun and empowering R&B-themed bootcamp at 17027 Ventura Blvd! Doors open at 9:30 AM for mingling before a dynamic morning of movement—30 minutes of booty-focused workouts, 30 minutes of salsa dancing, and 30 minutes of yoga, all led by inspiring women. Expect a live DJ, women-owned vendors, and plenty of good vibes—just bring a friend, and a water bottle, and wear pink, red, or white to match the love theme!

Valentine’s Day Jazz Happy Hour

When: February 14 

Where: Skinny’s Lounge | North Hollywood

What: Kick-off Valentine’s Day with a Jazz Happy Hour at Skinny’s Lounge, where smooth tunes, craft cocktails, and great company set the mood. Relax in the cozy atmosphere as you enjoy live jazz and blues, whether with a special someone, friends, or colleagues. Arrive early for first-come seating, complimentary Valentine’s gift bags with bottle purchases (while supplies last), and the option to stay late for the evening festivities.

Conejo Valley Weekend Events | February 14 – February 16 

Welcome Back, Topanga!

When: February 15 

Where: Topanga

What: Will Geer Theatricum Botanicum and Topanga Farmers Market are teaming up for a community gathering dedicated to healing and resilience. Shop local goods to support families and businesses affected by the Palisades Fire, take part in a tree-planting ceremony, and enjoy free theater activities, plus a special tribute to Fire Station 69 and emergency responders. Entry is free—just come and celebrate the strength of the Topanga community.

17th Annual Valentine’s Day Sweetheart’s Dinner & Dance

When: February 14 

Where: Ronald Reagan Presidential Library | Simi Valley

What: Celebrate Valentine’s Day in unforgettable style at the Sweetheart’s Dinner and Dance beneath the wings of Air Force One at the Ronald Reagan Presidential Library. Enjoy an intimate four-course gourmet meal with live music, a complimentary glass of champagne, and access to tour the museum and Air Force One. Tickets are $210 per couple (all-inclusive), with reservations required by February 7—space is limited, so book early for this elegant evening. For more information, please call 805-577-4057.

Valentine’s Day Event at the Stagecoach Inn Museum

When: February 15 

Where: Stagecoach Inn Museum | Newbury Park

What: Celebrate love at the Stagecoach Inn Museum on Saturday, February 15, from 1–4 PM with a fun-filled Valentine’s event for all ages. Enjoy a special Valentine-themed Bunny Hunt, get creative with hands-on crafts, and decorate sweet treats alongside museum docents. Admission is $10 for adults, seniors, and teens, $5 for children 5–12, and free for kids under 5—bring the whole family for an afternoon of love and laughter!

From Buzzfeed to Yamaha and More! | Tech News

See what’s buzzing in the world of tech! From a Buzzfeed social media venture to a Yamaha boat remote and more, there’s is plenty of noteworthy news. Check out the latest headlines from across the World Wide Web!

YouTube Introduces New AI Video Features for Shorts

YouTube is expanding its AI-powered video creation tools for Shorts with the integration of Google’s Veo 2 model into its Dream Screen feature. Initially launched in September 2023, Dream Screen allowed users to generate AI-based images and videos as virtual green screen backgrounds. Now, creators can generate standalone video clips by entering a text prompt and selecting styles, effects, and video length directly within the Shorts camera. This feature is rolling out in the U.S., Canada, Australia, and New Zealand, with plans for broader availability. The integration of Veo 2 enhances video realism, particularly in human movement and real-world physics, while AI-generated content will include both visible labels and Google’s SynthID watermark to ensure transparency.

Apple’s New Vision Pro App Hints at Third-Party Retail Sales

Apple has quietly released a “Vision Pro Demo Fit” app, suggesting it may soon allow third-party retailers to sell its Vision Pro headset. Spotted in the App Store Preview by Apple firmware analyst Aaron Perris, the app offers facial recognition-based fitting tools similar to Apple’s own system, helping users determine the right Light Seal, Head Band, and Optical Inserts for their Vision Pro experience. Currently, the $3,500 headset is only available directly from Apple, requiring in-store fittings or an iPhone/iPad scan for online orders. If intended for third-party sellers, the app could allow retailers to offer discounts while Apple maintains its price point. This move follows reports that Apple has scaled back Vision Pro production twice in 2024, possibly shifting focus toward a more affordable mass-market version.

Amazon Tests Feature to Show Products It Doesn’t Sell

Amazon is beta-testing a new shopping feature that displays products it doesn’t sell in search results and redirects users to brand websites for purchase. Announced in a blog post, the “Shop brand sites directly” feature appears in Amazon’s app, showing both in-store and external brand products. Clicking on an external item alerts users they’re leaving Amazon before directing them to the seller’s site. It’s unclear if Amazon takes a commission, but brands using “Buy With Prime” still allow Prime benefits like free shipping. Currently available to select U.S. customers on iOS and Android, Amazon plans to expand the feature based on user feedback.

Yamaha Unveils Wireless Controller for Full Boat Control

Yamaha has introduced the Helm Master EX Wireless Control, a handheld remote that allows captains to control their boat from anywhere onboard. Announced at the 2025 Miami International Boat Show, the device works with Yamaha’s Helm Master EX system, which simplifies boating with touchscreen and joystick controls. Designed for easier solo operation, the remote lets captains maneuver the boat one-handed during docking or launching. It’s waterproof, and buoyant, and includes a safety feature that stops the boat if a connected passenger falls overboard. With an estimated eight-hour battery life and a charging cradle for extended use, the controller will be available for installation in Fall 2025, though pricing remains undisclosed.

Apple Launches Expansive Apple Health Study to Explore New Health Insights

Apple has announced the Apple Health Study, a groundbreaking research initiative that collects data from iPhones, Apple Watches, and AirPods to uncover connections between physical and mental health. Unlike past studies with specific focuses, this broad-scale research—conducted with Brigham and Women’s Hospital—tracks various health areas, including sleep, cognition, cardiovascular health, and mobility. Participants will contribute sensor data and periodic surveys, with the study expected to last at least five years. Apple’s previous research has led to real-world features, like AirPods’ hearing tests, and this study could inform future innovations. Researchers anticipate that the vast dataset, sourced from a diverse participant pool, will accelerate discoveries and fill critical gaps in traditional clinical research. However, Apple cautions that tangible results may take years to emerge.

BuzzFeed Announces New Social Platform Focused on Joy and Creativity

BuzzFeed is developing a new social platform aimed at fostering creativity and joy, distancing itself from the AI-driven algorithms that dominate platforms like Meta and TikTok. Announced by CEO Jonah Peretti, the platform is designed as an “oasis” from algorithm-driven doomscrolling, promoting positive and playful experiences rather than compulsive engagement. BuzzFeed’s platform will focus on meaningful connections and fun, aiming to “bring back the internet we love.” Users can sign up for early access now on BuzzFeed’s website.

 

Mortgage Rate Update | February 13, 2025

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of February 13, 2025, were as follows:

The 30-year fixed mortgage rate was 6.87%, down from 6.89% last week. The 15-year fixed was 6.09%, up from 6.05% last week.

The graph below shows the trajectory of mortgage rates over the past year.

Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Their mandate is to provide liquidity, stability, and affordability to the U.S.

Elegant Local Dining | L.A. Eats

Dine in sophistication with elegant local dining spots across LA. From Michelin-rated to acclaimed chefs and historically significant destinations, there are many choices. Indulge your senses and check out Los Angeles’ high-end dining scene!

Linden

Location: 5936 W Sunset Blvd (at Tamarind Ave), Los Angeles, CA 90028

Linden, an elegant dining destination, channels chef Jonathan Harris’s New York upbringing into an inventive menu that reflects the interplay of Caribbean, Italian, and Jewish flavors. The standout wagyu pie, bursting with oxtail and rich gravy beneath a flaky “patty” pastry, is a nod to classic New York street food, while prawns and polenta luxuriate in a spicy arrabbiata cream. Complementing the menu are cleverly named cocktails like the Lemon Ting and L.I.R.R., reinforcing Linden’s East Coast roots. But the energy is pure LA: lush greenery drapes from the ceiling, a stylish crowd fills the room, and the night often ends with a visit to its chopped cheese sister restaurant next door for a final bite of the Big Apple in the heart of Hollywood.

Antico Nuovo

Location: 4653 Beverly Blvd, Los Angeles, CA 90004

Tucked into an unassuming strip mall near Larchmont, Chad Colby’s Antico Nuovo serves some of LA’s most refined takes on rustic Italian cuisine. The menu emphasizes California’s seasonal bounty through dishes like housemade pasta, grilled meats, and a “pane” section that celebrates robust focaccia with indulgent toppings—think whipped ricotta with pistachio pesto or marinated anchovies. The dimly lit, windowless dining room only adds to the cozy allure, drawing well-heeled diners eager to explore an impeccable wine list and finish their meal with a scoop of house-churned ice cream.

San Laurel

Location: 100 S Grand Ave, Los Angeles, CA 90012

Perched on the 10th floor of Conrad Los Angeles, José Andrés’ San Laurel delivers a masterful take on Spanish cuisine in an elegant, high-ceilinged space. The elegant dining menu takes inspiration from Andrés’ celebrated work at The Bazaar, presenting sophisticated yet approachable dishes like gambas al ajillo, hiramasa crudo with buttermilk leche de tigre, and charred asparagus with romesco. Desserts push the envelope, featuring whimsical creations such as dehydrated chocolate mousse paired with refreshing mint ice cream.

Kato Restaurant

Location: 777 S Alameda St, Los Angeles, CA 90021

What started as a modest Taiwanese tasting menu in a West LA strip mall has evolved into one of Downtown LA’s most sought-after fine dining experiences. Chef Jon Yao’s Kato offers a refined yet soulful interpretation of Taiwanese cuisine, weaving intricate flavors into an ever-evolving menu. Delicacies like caviar-studded Dungeness crab with Chinese celery and smoky grilled freshwater eel over seaweed fried rice showcase Yao’s meticulous approach. Though prices have doubled since its original location, the expanded menu, and polished service make this iteration of Kato a true destination, further elevated by an expertly curated wine list and creative cocktail program.

Baroo

Location: 905 East 2nd Street, Los Angeles, CA 90012

After years away from the LA dining scene, chef Kwang Uh has resurrected his visionary fermentation-focused restaurant, Baroo, in the Arts District. This new iteration, now a tasting menu restaurant with a curated selection of natural wines, cocktails, and traditional Korean sul, brings a more polished yet still deeply experimental approach. While Buddhist philosophy informs the structure of the menu, the experience remains subtle and artful rather than overtly conceptual. Courses, which have included battered skate wing wrapped in lettuce with seabuckthorn and pork collar served alongside a goulash jjigae, offer a poetic exploration of seasonality and balance. At $115 per person, Baroo’s revival marks its long-overdue place at the forefront of LA’s modern Korean movement.

Damian

Location: 2132 E 7th Pl, Los Angeles, CA 90021

Dining at Damian, Enrique Olvera’s celebrated Arts District restaurant, feels like stepping into an elegant Mexico City hideaway. The elegant dining interior blends industrial elements with lush greenery, creating a warm, inviting atmosphere where the bar stretches along one wall and intimate booths line the other. The menu offers refined takes on Mexican flavors, with highlights like duck carnitas and a crisp Caesar tostada. A must-order guacamole, served with fresh herbs and crispy tostadas, sets the stage for a meal that seamlessly fuses tradition with modern technique.

Orla Santa Monica

Location: 1700 Ocean Avenue, Santa Monica, California 90401

Michael Mina’s contemporary Egyptian restaurant, once a Mandalay Bay staple in Las Vegas, now finds a new home at the luxurious Regent Santa Monica Beach hotel. Mina, a renowned fine dining chef, presents a menu that pays homage to his Egyptian and Greek roots with elevated takes on comforting classics—think crispy falafel topped with bigeye tuna, delicate gnudi paired with lamb meatballs, and a mixed kebab platter featuring filet mignon, lamb kofta, and chicken dolmas. Unlike its opulent Vegas counterpart, Orla’s Santa Monica location, designed by AvroKO, is bathed in natural light and offers nearly unobstructed ocean views from its outer tables. Inside, plush tan leather banquettes set the stage for a refined yet inviting dining experience.

Mélisse Restaurant

Location: 1104 Wilshire Boulevard, Santa Monica, CA 90401

Chef Josiah Citrin and chef de cuisine Ken Takayama orchestrate an exquisite elegant dining experience at this two-Michelin-starred institution. With just 14 seats, the intimate dining room hosts an eight-course, two-and-a-half-hour journey featuring intricate dishes such as a seaweed tart topped with smoked salmon and roe, melt-in-your-mouth A5 wagyu with morels and pickled ramps, and more. Priced at $399 per guest, the experience is as exclusive as it is indulgent. Reservations can be secured through OpenTable.

Seline

Location: 3110 Main St Ste 132 (Marine St), Santa Monica, CA 90405

Chef Dave Beran’s latest venture, Seline, builds on the legacy of his acclaimed restaurant Dialogue, offering a deeply immersive tasting menu experience in Santa Monica. Opened in December 2024, Seline is named after his daughter, Harvest Moon, and its moody, celestial-inspired dining room is punctuated by large-scale vibrant artwork. The nearly open-concept kitchen allows diners to witness the culinary artistry firsthand, with a seasonal menu that weaves a narrative—winter saw the kitchen experimenting with squash across multiple courses. Thoughtful wine and non-alcoholic pairings complement each dish, while service is impressively intuitive, predicting guests’ needs with precision. This is a dining experience that lingers in memory, an occasion well worth the price of admission.

Mori Nozomi

Location: 11500 West Pico Boulevard, Los Angeles, CA 90064

Chef Nozomi Mori has carved out a distinct niche with her namesake counter. Mori employs techniques inspired by the Japanese tea ceremony, bringing an unmatched level of refinement to her sushi. Each bite reflects her meticulous approach to rice seasoning and seafood selection. Likewise, she highlights seasonal delicacies like hairy crab and bluefin tuna sourced from Tokyo’s Toyosu Market. The meal, expertly executed by Mori and her all-female team, concludes with matcha tea and delicate, handmade wagashi. At $250 per person, Mori Nozomi remains a relative bargain compared to other top-tier omakase spots in LA, where prices often surpass $400.

N/Naka

Location: 3455 Overland Ave, Los Angeles, CA 90034

Chefs Niki Nakayama and Carole Iida-Nakayama craft a 13-course modern kaiseki menu that effortlessly bridges tradition and innovation. The meal evolves with the seasons, each course reflecting the chef’s artistry while staying true to kaiseki principles. The experience, spanning three meticulously paced hours, leaves guests feeling indulged yet never overwhelmed. A recent renovation has transformed the dining room into an elegant yet understated space. Likewise, it now features curved cement accents and warm wooden cabinetry, further elevating the intimate atmosphere.

Marea

Location: 430 North Camden Drive, Beverly Hills, CA 90210

New York’s beloved Marea has seamlessly translated its refined coastal Italian menu to Beverly Hills. Guests sip wine in the elegant dining room, settling into curved wood banquettes. Savoring dishes like caviar with airy gougères, oysters on the half-shell, and bruschetta crowned with a generous dollop of roe. Larger plates feature ricotta-stuffed ravioli and a showstopping 40-ounce tomahawk steak. For dessert, lemon ricotta bomboloni and silky tiramisu make a fitting finale.

Somni

Location: 1045 Nemo Street, West Hollywood, CA 90069

After much anticipation, chef Aitor Zabala has unveiled the latest iteration of his Michelin-starred tasting menu restaurant, Somni. The 14-seat counter invites guests into a meticulously choreographed meal. Over 20 courses unfold in an artistic display. Imagine a delicate Parmesan feather with dashi meringue and Astrea caviar. Think steamed Spanish turbot finished with a single perilla leaf. At $495 per person, with an optional $225 wine pairing, Somni remains one of the city’s most captivating culinary spectacles.

Somerville

Location: 4437 West Slauson Avenue, Los Angeles, CA 90043

One of LA’s toughest reservations, Somerville in View Park-Windsor Hills is more than just a restaurant—it’s a cultural experience. Paying homage to LA’s historic Black community along Central Avenue, this Art Deco-inspired dining room is a must. The restaurant features rich mahogany wood and a grand piano anchoring a modestly sized stage for live performances. The menu is as enticing as the ambiance, with highlights including fried chicken and caviar sliders and Parker House rolls. Order a Golden Age cocktail—blended with Sir Davis Rye—and settle in for an unforgettable evening.

UKA

Location: 6801 Hollywood Boulevard, CA 90028

Michelin-starred UKA delivers an exquisite kaiseki experience under the careful hands of chef Yoshitaka Mitsue. Each course in the $350 tasting menu is a testament to seasonality and precision. Begin with kombu-infused broth before progressing to delicacies like sashimi and hand-selected seafood. An abbreviated menu, showcasing the same meticulous ingredients, is available for those dining after 8:30 p.m.

Providence

Location: 5955 Melrose Ave, Los Angeles, CA 90038

After 18 years, Providence remains one of LA’s most consistently outstanding fine dining destinations. Chef Michael Cimarusti and partner Donato Poto continue to curate an exceptional seafood-tasting menu ($325 per person). The menu offers eight meticulously crafted courses featuring pristine catches. For the fortunate few, Cimarusti might even share a pour from his private whiskey collection. Every plate is artfully executed and presented with thoughtful explanations, making Providence the very definition of refined dining.

National Parks Near You | Out & About

Southern California boasts of beautiful national parks with breathtaking landscapes. There are great adventure activities and plenty of things to see for outdoor and wildlife lovers. Below is a list of some of the best national parks to visit in Southern California and highlights on what makes the park worth visiting.

1. Death Valley National Park

Located between the border of California and Nevada, Death Valley is the largest national park in America. It’s also reported to be the driest and lowest point in North America. Death Valley has a stunning desert environment consisting of mountains, salt flats, sand dunes, badlands, valleys, and canyons. Activities you can enjoy in this park include hiking, camping, and stargazing in the clear night skies. Other stunning sceneries to check out at this vast national park include the Racetrack, Badwater Basin, Devil’s Golf Course, Zabriskie Point, Artist’s Palette, Dante’s View, and Mesquite Flat Sand Dunes. Spring and Autumn seasons are the best for visiting Death Valley.

2. Joshua Tree National Park

Popularly known for its unique Joshua trees and gigantic boulders, the national park is situated at the junction of two vast deserts, the Mojave and Colorado. Besides the Joshua trees, other notable attractions in the park are Arch Rock, Skull Rock, Hidden Valley, and Cholla Cactus Garden. Likewise, rock climbing, hiking, wildlife watching, and camping are popular outdoor activities here. The most desirable time to visit Joshua Tree National Park is in Fall and Spring when the wildflowers are blooming and the daytime temperatures are mild.

3. Yosemite National Park

Situated in the Sierra Nevada Mountains, Yosemite National Park is famous for its dramatic landscapes adorned with towering granite cliffs, mighty waterfalls, and sequoia groves. Yosemite’s natural marvels and features include the El Capitan granite cliff, Half Dome, Yosemite Falls, and Mariposa Grove. In addition, these scenic attractions are mainly ideal for rock climbing and hiking.

4. Channel Islands National Park

Made of five out of the eight Channel Islands located not very far from the shores of Southern California, Channel Islands national park is an unparalleled natural beauty. Santa Cruz Island, the largest island in the park, is popular for being one of the largest sea caves in the world islands. In addition, its home to the most diverse range of flora and fauna, including the giant sea bass which can grow to over 7 feet long, the California spiny lobster, and scrub-jay, an extremely rare bird. Likewise, while visiting Channel Islands National Park, you can enjoy hiking, kayaking, bird watching, snorkeling, scuba diving, fishing, and camping.

5. Sequoia National Park

Sequoia National Parl, adjacent to Kings Canyon National Park, is one of the most breathtaking destinations for nature lovers. In these national parks, you’ll find beautiful landscapes with alpine lakes, deep canyons, and giant sequoia trees. Sequoia National Park is home to the biggest tree in the world, General Sherman. The tree stands 275 feet tall and is 25 feet in diameter. In addition, other major attractions in the park include Zumwalt Meadow, the Tunnel Log, and Moro Rock. The latter serves as a fantastic vantage point in the park with a steep climb through 400 stairs.

February Home Maintenance | Home Tips

February in Southern California offers mild temperatures and occasional rain, making it the perfect time to tackle home maintenance tasks before spring. Whether you own a luxury estate or a mid-size home, staying on top of seasonal upkeep helps maintain your property’s value, comfort, and efficiency. Here are key home maintenance tips tailored for Southern California homeowners this February.

1. Inspect and Clean Your Roof and Gutters

Even though Southern California doesn’t experience harsh winter storms, February can bring rain. Make sure your roof is in good condition by checking for missing or damaged tiles or shingles. Luxury homeowners with clay or slate tile roofs should inspect for cracks that can lead to leaks. Clear gutters and downspouts of any leaves or debris to ensure proper drainage, preventing water damage to your home’s foundation and landscaping.

2. Schedule a Heating and Cooling System Tune-Up

With warm spring and summer months on the horizon, February is the ideal time to service your HVAC system. Even if you haven’t used your heater much this winter, dust and debris can build up, reducing efficiency. Homeowners with high-end climate control systems should schedule a professional inspection to optimize performance and energy efficiency. If your home has a smart thermostat, ensure it is programmed correctly for seasonal temperature changes.

3. Check Windows and Doors for Energy Efficiency

Energy efficiency is crucial, even in a mild climate. Check for drafts around windows and doors, which can lead to higher energy costs. Luxury homes with expansive glass walls or floor-to-ceiling windows should inspect seals and weather stripping for any wear. If needed, replace caulking or consider upgrading to energy-efficient glass for better insulation.

4. Deep Clean and Organize Outdoor Living Spaces

February is a great time to prepare patios, pools, and outdoor kitchens for the upcoming spring and summer entertaining season. Clean patio furniture, power wash surfaces, and check for any repairs needed on decks, pergolas, or outdoor fireplaces. Luxury homeowners with infinity pools or high-end landscaping should schedule professional maintenance to keep everything pristine.

5. Refresh Your Landscaping

While winter is mild in Southern California, February is the perfect month to refresh your landscaping. Trim overgrown trees and shrubs, especially near the home, to prevent storm damage. Consider adding drought-resistant plants to enhance curb appeal and conserve water. Luxury homes with extensive gardens should consult with a landscaper to plan for seasonal blooms that will flourish in the coming months.

6. Inspect and Maintain Your Home Security System

With luxury homes often having more advanced security systems, February is a good time to inspect cameras, motion sensors, and smart locks. Test all alarms, update security codes, and ensure all surveillance equipment is functioning properly. If you have an automated gate, make sure it operates smoothly.

7. Test Smoke and Carbon Monoxide Detectors

February is a great time to test all smoke and carbon monoxide detectors throughout your home. Replace batteries if needed and ensure detectors are placed strategically near bedrooms and common areas. For homes with multiple levels or guest houses, consider installing a monitored system for extra safety.

By taking care of these essential home maintenance tasks in February, Southern California homeowners can ensure their properties remain in top condition while preparing for the warmer months ahead. Stay ahead of repairs, improve efficiency, and maintain your home’s beauty and functionality all year long!

Economic Update | Week Ending February 8, 2025

Weekly Economic Update Banner

The unemployment rate unexpectedly dropped in January – The Department of Labor and Statistics reported that 143,000 new jobs were added in January. While that was a little below expectations, the unemployment rate ticked down to 4% in January from 4.1% in December. The Fed has been trying to slow the economy and hiring to get the job market more balanced. Like everything else, when you have more jobs available than workers looking for jobs, wages go up. Last August the unemployment rate had risen to 4.2% and it seemed that the Fed was achieving its goal of slowing hiring. In September they began lowering rates in fear that the economy was slowing too quickly, but since then the economy has picked up steam and so has hiring, which has caused the unemployment rate to drop. The lower the unemployment rate, the fewer workers there are for available jobs which causes wages to rise. Average hourly wages increased 4.1% year-over-year in January, up from a 3.9% year-over-year increase in December. The Fed is pointing to higher wages as being a large contributor to inflation because more people with more money fuel consumer spending, which pushes prices higher.

Stock markets – The Dow Jones Industrial Average closed the week at 44,303.40, down 0.5% from 44,544.66 last week. It is up 4.1% year-to-date. The S&P 500 closed the week at 6,025.99, down 0.2% from 6,040.53 last week. The S&P is up 2.4% year-to-date. The Nasdaq closed the week at 19,523.40, down 0.5% from 19,627.44 last week. It is up 1.1% year-to-date.

U.S. Treasury bond yields – The 10-year treasury bond closed the week yielding 4.49%, down from 4.58% last week. The 30-year treasury bond yield ended the week at 4.69%, down from 4.83% last week. We watch bond yields because mortgage rates follow bond yields.

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of February 6, 2025, were as follows: The 30-year fixed mortgage rate was 6.89%, down from 6.95% last week. The 15-year fixed was 6.05%, down from 6.12% last week.

The graph below shows the trajectory of mortgage rates over the past year.

Weekend Events | February 7 – February 9

Super Bowl weekend is here and with it comes a bevy of local activities. Whether you are opting for gameday events or something more relaxed, there is plenty of fun to be found. Check out this week’s blog of neighborhood happenings taking place February 7 through February 9.

Los Angeles Weekend Events | February 7 – February 9 

The Music Center Presents: The Gift

When: February 8

Where: Downtown

What: This one-night-only installation at Dorothy Chandler Pavilion blends contemporary astrophysics with themes of grief, loss, and human connection. Part of PST ART, the experience remains mysterious but promises to be impactful. A special draw for millennials: an afternoon talk with Reading Rainbow’s LeVar Burton (4:30–6:30pm), which is at capacity, though a standby line will be available.

Big Game Day Viewing Party at Skybar

When: February 9

Where: Skybar | West Hollywood

What: Elevate your Super Bowl Sunday at Skybar’s second annual watch party. Lounge poolside with a craft cocktail, enjoy Doughbrik’s pizza, and catch the game on a projector and multiple TVs. The EC Twins set the vibe, with festivities starting at 11am before kickoff at 3:30pm. Cabana seating is available.

Never Stop Planting—Social Forest Community Celebration

When: February 8

Where: Elysian Park | Downtown

What: Join a free outdoor celebration in Elysian Park, where you can plant native oaks, explore Indigenous Tongva culture, and enjoy nature walks and games. Kicking off the Broad’s reforestation project, Social Forest: Oaks of Tovaangar, the event is only accessible via free shuttles from the museum. Tickets include same-day Broad admission, making it a perfect afternoon outing.

Westside & Beach Communities Weekend Events | February 7 – February 9 

‘Alice Coltrane, Monument Eternal’ Opening Celebration with Flying Lotus

When: February 8

Where: Westwood

What: The Hammer Museum kicks off its new exhibition, Alice Coltrane, Monument Eternal, with a lively opening party. Explore the life and legacy of the jazz icon through an artistic lens while enjoying a DJ set by her grand-nephew, Flying Lotus. Free admission, first-come, first-served.

Black History Month Art Pop-Up Experience

When: February 9 – February 23

Where: Westfield Culver City

What: Westfield Culver City honors Black History Month with free art, culture, and community events from February 8–23. The first floor will showcase works by local Black artists, including Christen Austin, Mike Norice, and Tyris Winter. Highlights include a Community Kickoff Celebration (Feb 8, 1–3pm) with performances and book signings, and Creative Expressions Day (Feb 15, 1–3pm) featuring arts and crafts for kids. Free entry; online registration is recommended.

Pixar Putt

When: February 7 – June 1

Where: Anaheim

What: After stops at D23 and 2nd & PCH, Pixar Putt has found its perfect home at the Pixar Place Hotel, near California Adventure. This 18-hole mini-golf course brings Pixar classics like Toy Story, The Incredibles, and Coco to life. Opening weekend is sold out, but the course runs through June 1.

San Fernando Valley Weekend Events | February 7 – February 9 

“I Love L.A.” Eaton Fire Relief Benefit

When: February 8

Where: Glendale

What: L.A.’s top folk and indie rock artists come together for a wildfire relief show at Glendale Presbyterian Church. The lineup features Andrew Bird, Bright Eyes, Jim James, Madison Cunningham, Kevin Morby, Ty Segall, and more, with recent additions Dawes, Jeff Parker, Katie Gavin (MUNA), and John C. Reilly. Proceeds support Sweet Relief’s Musicians Fund, aiding those impacted by the Eaton Fire.

Lunar New Year at the Americana at Brand

When: February 8

Where: Glendale

What: The Grove and Americana at Brand celebrate Lunar New Year with elegant displays, special promotions, and exclusive perks for Caruso Signature members, including red envelopes and a collectible tote on January 29. Earn double Caruso Coins at select stores like Gucci and David Yurman through February 12. For free festivities, catch a parade with lion and dragon dances at the Americana on February 8 (1–4pm).

California Native Plant Maintenance

When: February 7 

Where: Theodore Payne Foundation – Pergola | 10459 Tuxford St. Sun Valley

What: Learn how to care for your native garden year-round with TPF Director of Horticulture, Tim Becker. This outdoor class covers seasonal maintenance, irrigation schedules, and pruning techniques, with practical examples from TPF’s demonstration gardens. Be prepared for an hour of walking on steep, uneven terrain by wearing closed-toe shoes, long pants, and bringing water and warm layers.

Conejo Valley Weekend Events | February 7 – February 9 

Westlake Village Discovers “Sports” Program

When: February 8

Where: 31200 Oak Crest Dr, Westlake Village, CA 91361, USA

What: Join the City of Westlake Village and Westlake Village Library for Westlake Village Discovers 2025, a free, all-ages event celebrating this year’s theme: Sports. Enjoy interactive activities and educational presentations designed to inspire learning and exploration. The event takes place on Saturday, February 8, 2025, from 11 AM to 3 PM at the Westlake Village Civic Center (31200 Oak Crest Drive).

David Mann Chopper Fest

When: February 9 

Where: Ventura County Fairgrounds

What: The 21st Annual David Mann Chopperfest returns on Sunday, February 9, 2025, from 8 AM to 4 PM at the Ventura County Fairgrounds. Celebrate motorcycle culture with a bike show, swap meet, vendors, live music, an art exhibit, and a tribute to David Mann. Tickets are $15 pre-sale, $20 at the door (military with ID $15, kids 12 and under free).

Calabasas Lake: Acrylic Painting & Meditation Experience

When: February 9

Where: Calabasas Lake | Park Granada Calabasas, CA 91302

What: Immerse yourself in a day of creativity and mindfulness at the exclusive private Calabasas Lake on February 9, 2025. This intimate workshop, limited to just 10 participants, features guided meditation, an acrylic painting session, and breathtaking lake views to inspire your artistic expression. All levels are welcome, and all supplies are provided.

From Claude AI to ESPN and More! | Tech News

Wrap up your week with the latest in tech news. We’re summing up all the headlines you won’t want to miss. From Claude AI to ESPN and more, we’ve got you covered!

Spotify and Warner Music Group Expand Partnership with New Multi-Year Deal

Spotify and Warner Music Group have signed a new multi-year agreement aimed at enhancing audio-visual streaming and introducing new paid subscription tiers. While financial details remain undisclosed, the deal is expected to expand Spotify’s content offerings and may include a premium tier featuring long-awaited HiFi lossless audio. This move follows a similar agreement with Universal Music Group, signaling Spotify’s push for higher-priced subscriptions and deeper engagement with superfans. The deal also includes a direct licensing model with Warner Chappell Music, reinforcing their royalty payment structure amid ongoing criticism of Spotify’s artist payouts. Meanwhile, Warner Music Group has acquired a controlling stake in Tempo Music, further expanding its catalog of major artist rights.

Lyft Partners with Anthropic to Integrate AI-Powered Customer Support

Lyft has teamed up with Anthropic to implement its Claude AI assistant for handling customer service inquiries, beginning with driver support. The AI-powered system has reportedly reduced resolution times by 87%, addressing common questions while redirecting complex issues to human specialists. However, given past concerns about impersonal service, drivers may be wary of further automation. Lyft is also leveraging generative AI for engineering tasks, with AI contributing to 25% of its code. Looking ahead, Lyft and Anthropic plan to expand Claude’s role across more of the platform’s features.

AT&T Introduces Branded Call Messages for Android Users

AT&T has expanded its branded calling feature, allowing businesses to display call reasons—such as “refill reminder” or “delivery service”—directly on the incoming call screen of Android phones. This enhancement, developed in partnership with TransUnion, aims to improve call transparency and is integrated with the STIR/SHAKEN protocol to combat spam. While currently exclusive to Android, industry experts anticipate the feature becoming standard across all mobile devices in the future.

Warner Bros. Adds 30+ Free Movies to YouTube

Warner Bros. has unexpectedly uploaded over 30 full-length films to its official YouTube channel, allowing viewers to watch them for free. The selection includes classics like Michael Collins (1996) and The Mission (1986), alongside infamous flops such as The Adventures of Pluto Nash (2002). Notably, many of these films aren’t available on Warner Bros.’ streaming service, Max, and the company has provided no explanation for the move. This comes after a series of content removals under CEO David Zaslav, making the free offerings feel like a rare—if perplexing—gesture of accessibility.

World’s First Lab-Grown Meat Dog Treats Launch in the UK

UK-based company Meatly has launched Chick Bites, the world’s first dog treats made with lab-grown meat, in a limited release at a single Pets at Home store in Brentford. Produced in collaboration with vegan pet food brand The Pack, the treats combine plant-based ingredients with cultivated chicken grown from a single egg cell. While currently available only in small quantities, Meatly plans to scale production over the next few years. This milestone follows the UK’s approval of lab-grown pet food in July 2024, positioning it as a leader in sustainable pet nutrition.

Disney Expands ESPN Streaming Strategy with Standalone App and Bundles

Disney is pushing to make ESPN available “however and wherever” consumers want, CEO Bob Iger announced during an earnings call. The company plans to offer ESPN through a standalone app launching in fall 2025, traditional linear channels, and rival sports streaming bundles. The new app will feature betting, fantasy sports, and extensive customization while integrating with Disney Plus and Hulu. Disney sees streaming as the future of sports consumption, aiming to grow ESPN’s reach among younger audiences rather than just preserving its traditional TV model.