Ernst & Young, one of the "Big Four" accounting firms in the United States, will pay a $100 million penalty to the Securities and Exchange Commission after admitting its auditors had cheated on the certified public accountant…
California Governor Gavin Newsom via Wikimedia Commons
California Governor Pledges New Stimulus Payments to Residents
California Gov. Gavin Newsom announced on Sunday that he and the state's legislative leaders have agreed on a framework for the 2022-2023 state budget, which includes stimulus payments to help residents deal with rising inflation and gas prices. "California's…
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Blue State Governor Defy Biden’s Gas Tax Pause
President Biden is calling for a suspension of gas taxes as a means of lowering fuel prices, but two Democratic governors oppose taking similar measures in their states. Washington Gov. Jay Inslee and Oregon Gov. Kate…
Report: FDA Bans Juul E-Cigarettes
On Thursday, The Food and Drug Administration officially ordered all Juul electronic cigarettes to be removed from the United States market, the Associated Press reported. “Today’s action is further progress on the F.D.A.’s commitment to ensuring that…
Elon Musk via Wikimedia Commons
Twitter Board Unanimously Approves Elon Musk’s $44 Billion…
Twitter’s board unanimously recommended Tuesday that shareholders approve billionaire Elon Musk’s offer to buy the social media site for $44 billion. Musk told Twitter employees earlier in June that he still planned to move forward…
Liberal City Hikes Minimum Wage for Municipal Workers…
The Austin City Council voted to approve a resolution that would direct the city manager to adopt a minimum wage of $22 per hour for city employees. During the meeting on June 16, several city workers testified…
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Yellen says Only Fix for Energy Crisis is…
Treasury Secretary Janet Yellen said Sunday that the Biden administration’s policies are not responsible for record-high gas prices, and the only way to fix the energy crisis in the "medium-term" is to move towards "renewables…
Dow Plummets Below 30,000
The Dow Jones Industrial Average fell below 30,000 on Thursday for the first time since January 2021 amid dismal inflation news and an aggressive interest rate hike from the Federal Reserve. The Dow — a stock market index that tracks…
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Ford Recalls Nearly 3 Million Vehicles
Ford Motor Company is recalling approximately 2.9 million vehicles due to a defective part that may prevent the car from shifting gears properly. The vehicles are reportedly susceptible to a defective or missing shift cable that…
Fed Hikes Rates by 75 Basis Points
The Federal Reserve announced Wednesday it would hike interest rates this month at the fastest pace in nearly 30 years after a discouraging May surge in inflation. The Federal Open Market Committee (FOMC), the panel…