Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), has publicly expressed concerns about new bipartisan legislation drafted by Sens. Cynthia Lummis (R-Wy.) and Kirsten Gillibrand (D-N.Y.) that would provide clarity around laws concerning the use and trade of bitcoin, stablecoin, and other cryptocurrencies, and the regulatory jurisdiction under which such commodities fall.
SACRAMENTO—Gov. Gavin Newsom’s radical plan to address the state’s worsening homelessness problem—by forcing some individuals with mental illnesses into medical treatment—made it through an Assembly committee this week, raking in bipartisan support. Authored by Senator Thomas Umberg (D-Santa Ana) and Senator Susan Talamantes Eggman (D-Stockton), the bill passed the Assembly Health Committee in a 14–0
Members of law enforcement investigate a tractor trailer in San Antonio, Texas, on June 27, 2022. (Jordan Vonderhaar/Getty Images) At least 46 people were found dead in an 18-wheeler truck carrying suspected illegal immigrants in southwest San Antonio, according to officials. Police Chief William McManus said that a city worker was alerted to the situation
MINNEAPOLIS—The former Minneapolis police officer who fatally shot an unarmed woman who called 911 to report a possible sexual assault in the alley behind her home is scheduled to be released from prison next week, months after his murder conviction was overturned and he was resentenced on a lesser charge. Mohamed Noor, 36, is scheduled
A driver unloads raw crude oil from his tanker to process into gas at Marathon Refinery in Salt Lake City, Utah., on May 24, 2022. (George Frey/Getty Images) Benchmark U.S. crude oil for July delivery rose $1.09 to $110.65 a barrel Tuesday. Brent crude for August delivery rose 52 cents to $114.65 a barrel. Wholesale
Workers at an Apple store in Maryland have voted to join a union, making theirs the first of the company’s over 270 stores in the United States to be unionized. More than 100 workers in Towson near Baltimore “have overwhelmingly voted to join the International Association of Machinists and Aerospace Workers,” the union said in…
American homebuilders have grown more pessimistic about the state of the housing market over the past six months due to increasing interest rates, with sentiment falling to their lowest level since June 2020 at the height of the pandemic. Mortgage demand throughout the country has fallen to less than half of what it was a…
The United States economy is already in the process of entering recession, according to an economist specializing in how sentiment affects markets. He predicted that a large amount of malinvested capital will be wiped out and areas of the economy that have historically been resistant to crises may not be so this time. His research…
Each of the three incumbents on the Orange County Board of Education, as well as Superintendent Al Mijares, are poised to win another term in the election. Each incumbent leads the race by a wide margin as of Thursday evening, according to the Orange County Registrar of Voters. Unlike most races, the board’s June elections…
Bill Gates speaks during the Global Investment Summit at the Science Museum in London, on Oct. 19, 2021. (Leon Neal/WPA Pool/Getty Images) The public feud between two of the world’s richest people keeps unfolding as Elon Musk hit back at Microsoft CEO Bill Gates, who had just played down his tune on shorting Tesla stocks.…
SANTA CLARA, Calif.—Since the pandemic lockdowns, many parents have been more involved in their children’s education. Some say they don’t like what they’re seeing and turned to other sources of education, like homeschooling. One homeschool program is American Education Defenders, a non-profit that aims to boost self-esteem by using a more creative and appealing approach…
Texas Gov. Greg Abbott on Tuesday declared a state of disaster in Uvalde in order to fast-track resources meant to help the community and cut through hindering red tape in the aftermath of the May 24 mass school shooting that left 19 young students and two teachers dead. The declaration will “accelerate all available state and…