Virginia lawmakers weigh new marijuana fines as part of state budget proposal
Virginia lawmakers weigh new marijuana fines as part of state budget proposal
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FortuneUltrawealthy Americans are flocking to get ‘golden visas’ in Europe amid political turmoil. Here are the top 2 places they’re going.
A new report by Get Golden Visa predicts a “golden visa frenzy” after Roe v Wade decision as Americans look to work remotely abroad and escape inflation. The data doesn't lie.
- LA Times
Deal reached on plan for more than $9 billion in gas refunds to California drivers
Gov. Gavin Newsom and leaders of the California Legislature have agreed to provide more than $9 billion in refunds to taxpayers to offset high gas prices and inflation. The deal comes after months of slow negotiations at the state Capitol and disagreement between Democrats over how much relief to offer.
- HuffPost
Marjorie Taylor Greene Admits Arming Fetuses Is 'Impossible'
But she does believe "children should be trained with firearms," Greene said at a House Rules Committee meeting.
- Motley Fool
Suze Orman Insists It's Time to Cut Expenses. Here's How
Meanwhile, the Federal Reserve is implementing a series of interest rate hikes in an effort to slow inflation and bring living costs down to more manageable levels. If consumers start cutting back, less money will be going into the economy.
- KTTV
Californians could get up to $350 in gas refund: tentative deal with Newsom, lawmakers
Gov. Gavin Newsom and state lawmakers have tentatively agreed on a $9B deal to give eligible Californians some money back. Tax payers could get up to $350 in gas refund.
- Quartz
The US is paying for a wasted decade in economic policy
Rising prices and the Fed’s efforts to combat them have put the economy in a tight spot. A recession looms if the global economy doesn’t catch some breaks in the form of unclogging supply chains, extra production of oil and gas, or a deal to let Ukraine export more wheat. The causes of today’s rising prices aren’t necessarily avoidable, but it is possible, even easy, to imagine the US economy being in a better position to deal with this pressure.
- Business Insider
A key economic bellwether just fell into a bear market - and it's happened before every recession in the last 30 years
The price heading for its worst quarterly performance since March 2020, when the coronavirus pandemic hit, adding to the mounting fears of recession.
- Quartz
Indian startups laid off over 10,000 employees in the first six months of 2022
Indian startups are cutting costs after investors like Sequoia and Matrix Partners India warned them against unsustainable cash burn.
- Yahoo Finance
What to expect from a recession 'everyone' sees coming: Morning Brief
Recessions seems to be the talk of the town these days. So: if "everyone" knows a recession is coming, does that change what the downturn looks like?
- The News-Press
Florida Pulse: Experts discuss impact of new Florida laws effective July 1
There are many new laws that will go into effect in Florida on July 1 that will impact everything from abortion to education.
- INSIDER
Democrats passed Biden's stimulus law without GOP votes. Here's why they can't do the same to bring back Roe v. Wade.
Rep. Elissa Slotkin wants her party to consider reconciliation. It's a long shot that risks setting off a confrontation with centrists like Manchin.
- BBC
Cost of living: People cut back on food shopping as price rises bite
Retail sales fell 0.5% in May as households cut spending in supermarkets due to the rising cost of living.
- TheStreet.com
Aurora Cannabis Follows Tesla in Buzz-Killing Trend
There have been a slew of high profile layoff announcements in recent weeks as CEO's prepare for what they expect to be a tough economic road ahead. While the electric vehicle maker will increase its hourly worker headcount -- those Model 3s aren't going to build themselves after all -- the layoffs will affect about 3.5% of the company's workforce. This round of layoffs comes just weeks after the company laid off 150 employees, including executive-level employees at its Drama Series, Spectacle and Event TV, and Comedy Series Divisions.
- Bloomberg
Summers Urges Fed to Avoid 1970s Error of Easing Amid Recession
(Bloomberg) -- Former Treasury Secretary Lawrence Summers said that it will be important for policy makers to allow any coming US recession to do the job of quelling inflation, and to avoid mistakes made in the 1970s, when surging prices became entrenched.Most Read from BloombergGermany Pushes for G-7 Reversal on Fossil Fuels in Climate BlowJustice Kavanaugh Says States May Not Bar Travel to Obtain an AbortionSorry Elon Musk. Hyundai Is Quietly Dominating the EV RaceProtest Latest: Day Two of Cr
- GOBankingRates
Would Another Round of Stimulus Checks Help Americans Cope With Inflation?
After a booming recovery in 2021 as America emerged from the lockdowns of the pandemic, the economy in 2022 is at a crossroads. Massive stimulus packages passed by Congress in 2020 and 2021 helped...
- The Telegraph
House prices to fall in the West as rising rates and cost of living crisis collide
The pandemic property boom across the developed world is coming to an abrupt halt as climbing mortgage rates bring an end to record prices.
- AZCentral | The Arizona Republic
Tear gas deployed as protesters bang on Senate doors; GOP likens event to insurrection
Officers deployed several canisters of tear gas at abortion-rights protesters after some began banging against doors of the Arizona Senate building.
- Barrons.com
Oil Prices Slip After Powell Raises Possibility of Recession
Crude prices were trading down after two days of Congressional testimony from the chair of the Federal Reserve.
- Fortune
‘The whole market is in danger of collapsing’: Germany warns of a ‘Lehman moment’ if Russia cuts off natural gas to Europe
Russia’s fiddling with gas flows to Europe could create an economic spillover effect, warns Germany’s top economy minister.
- INSIDER
At least 6 GOP members of Congress asked the Trump White House for a January 6 pardon, including Matt Gaetz and Marjorie Taylor Greene
Trump White House aides told House select committee investigators about Republican lawmakers who asked to be pardoned after the Capitol riot.