Democrat Rep. Ro Khanna has embraced a wealth tax in his home state of California, and his longtime allies in Silicon Valley are now threatening to abandon him. California labor groups are trying to add a proposal for a statewide tax on billionaires to the November ballot. The proposal is causing a rift among Democrats…
A tract of new tightly packed homes are viewed along the Boulder City Parkway on January 11, 2022 in Henderson, Nevada. George Rose | Getty Images Home values have been losing ground for much of this year, with previously huge annual gains shrinking to nothing. The result is that homeowners are losing equity. Borrower equity…
Sports merchandiser Fanatics announced Wednesday it’s launching Fanatics Markets, its own prediction market, in 24 states this week, including California, Texas, Florida and Washington. The platform will allow people to trade on events in sports, finance and culture, according to Fanatics, and will launch in segments across the country over the next several days. The…
Rep. Eric Swalwell (D-CA) Yuri Gripas | Reuters Rep. Eric Swalwell, D-Calif., filed a 19-page lawsuit Tuesday in U.S. District Court in Washington, D.C., alleging Federal Housing Finance Agency Director Bill Pulte abused his authority to make “fanciful” mortgage fraud allegations against him and other critics of President Donald Trump. The lawsuit asks the court…
Amazon‘s 14,000-plus layoffs announced last month touched almost every piece of the company’s sprawling business, from cloud computing and devices to advertising, retail and grocery stores. But one job category bore the brunt of cuts more than others: engineers. Documents filed in New York, California, New Jersey and Amazon’s home state of Washington showed that…
Living alone with a $2,000 housing budget may be nearly impossible in some major cities — but in others you may be able to afford up to three bedrooms. Across the U.S., the average rent for a studio apartment listed on Apartments.com in October was $1,699 a month, and a two-bedroom space had an average…
fstop123 | E+ | Getty Images Foreclosure filings climbed again in October, after sitting at historic lows in recent years, according to new data released Thursday. While the numbers are still small, the persistent rise in foreclosures may be a sign of cracks in the housing market. There were 36,766 U.S. properties with some type…
The U.S. Attorney for Maryland had told superiors at the Department of Justice that she does not believe there is strong enough evidence to charge Sen. Adam Schiff of California with mortgage fraud, MSNBC reported Thursday. President Donald Trump has called on Attorney General Pam Bondi to criminally charge the California Democrat Schiff, a staunch…
An aerial view of Chevron crews attempting to extinguish a large fire and explosion that occurred at Chevron Refinery in El Segundo Thursday, Oct. 2, 2025. Allen J. Schaben | Los Angeles Times | Getty Images A huge fire broke out on Thursday night at a Chevron jet fuel production unit in California, one of…
Across the U.S., Americans didn’t see a huge boost to their incomes between 2023 and 2024. The national median household income ticked up just over 1%, according to the U.S. Census Bureau. But incomes rose much more significantly in some places. In Tampa, Florida, the median household income jumped over 15% between 2023 in 2024 —…
