Daily Business Report: July 6, 2026
Leaving California: Public Storage Relocates HQ from California to Texas
By Katy Grimes | California Globe
After more than 50 years in Glendale, California, Public Storage is relocating its headquarters to Frisco, Texas near Dallas. The company said the relocation to Texas is part of a broader strategy to enhance growth and leverage the talent and innovation available in the Lone Star State, while still maintaining a presence in California.
They are not alone moving headquarters out of California.
California has seen a trend of corporate headquarters moves, even as many companies retain significant operations in the state. A headquarters relocation often signals where executive leadership, finance functions and future expansion plans will increasingly be concentrated.
A new AI tool lets candidates see what chatbots are telling voters
By Jenna Monnin | NOTUS
In California’s gubernatorial primary, Tom Steyer had the biggest war chest in a crowded field of Democrats, spending more than $200 million out of his own pocket. But money alone wasn’t enough — he ended up placing third, falling just short in his quest to compete for November’s general election.
A contributing factor, according to a case study shared with NOTUS, was the unflattering response voters were presented with when they asked artificial intelligence-powered chatbots about Steyer’s candidacy. In fact, according to most models, the billionaire was just lucky to have made it into the top three.
“In ranked lists of working-class affordability candidates, AI explicitly placed him [Steyer] sixth. Cost-of-living: sixth. Education funding: sixth,” the progressive political organization Run for Something reported in its case study, which found that Reddit threads in r/California were frequently cited next to more established mainstream newsrooms like CalMatters.
On USA’s 250th birthday, Californians should remember when we saved the world from tyranny
by Dan Walters | CalMatters
If there ever was a moment for citizens of the United States of America to contemplate and appreciate how their nation has affected humankind’s evolution, it is now on its 250th birthday.
Yes, the U.S. is now afflicted with political polarization and cultural angst over an array of specific issues, but it’s been there before and we Americans have somehow survived — even after an extremely bloody civil war.
We continue to be the globe’s most powerful economic and cultural influencer thanks largely to our extraordinarily diverse population, born of our historic willingness to absorb immigrants and refugees.
