Simone Del Rosario
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Can Kamala Harris take over Biden’s $96 million war chest? Expect a fight.
The money is pouring in for the Democrats since President Joe Biden announced he was bowing out of the race. The Democratic political action committee ActBlue fundraised more than $50 million in the first day after Biden endorsed Vice President Kamala Harris to take his place on the ticket. But as new money floods in, questions… -
‘Whale Wars’ activist arrested in Greenland, could be extradited to Japan
Danish police arrested anti-whaling activist Paul Watson, who starred in the Animal Planet series “Whale Wars,” in Greenland. Watson could face extradition to Japan to face charges for something that happened a decade ago. Danish police detained the activist in Nuuk, Greenland, on a Japanese international warrant on Sunday, July 21. The arrest happened immediately… -
26 states now require a personal finance class in high school. But is that too late?
California just became the 26th state to require high schoolers to take a personal finance class to graduate. Mandating these courses in public education is widely supported but it has taken the country a long time to implement. According to Next Gen Personal Finance, only five states had the same requirement five years ago. Research… -
46% of Americans are still paying off last summer’s credit card debt
July is the most happening travel month of the year. Americans jet off to beaches, national parks or theme parks, but nearly half are carrying more baggage than what is in their luggage. According to WalletHub’s 2024 Credit Card Debt Survey, 46% of Americans are still paying down last summer’s credit card balance. “And almost… -
What the June jobs report tells us about the state of the economy
The June jobs report came back a bit of a mixed bag. On the one hand, the U.S. economy added slightly more jobs than expected at 206,000. On the other hand, the unemployment rate ticked up to 4.1%. It’s the first time the unemployment rate has been above 4% since late 2021. Analysts had expected unemployment to… -
Credit card companies face competing state laws over gun store code
As of July 1, a California law requires credit card networks to give banks a code to track purchases at gun stores. On the same day, Georgia, Iowa, Tennessee and Wyoming have laws taking effect that block the use of a gun shop code in those states. Merchant category codes are meant to provide a… -
What the $4.8 billion NFL Sunday Ticket ruling means for football fans
A federal jury in California ruled against the National Football League on Thursday, June 28, in a class-action antitrust case that could have huge implications for how out-of-market broadcasts are handled in the future. The jury’s decision in the NFL Sunday Ticket case comes with a $4.8 billion price tag that could balloon to more… -
Supreme Court strips federal agencies of widely used power, kicks it to courts
The Supreme Court overturned 40 years of legal precedent, nullifying the most cited Supreme Court administrative law decision of all time. The Chevron doctrine has been in place since 1984, and this week’s ruling confirms critics’ view that Chevron gave government agencies too much power in interpreting laws passed by Congress. The Chevron doctrine said that… -
SCOTUS sides with conservative radio host Jarkesy in case fighting SEC ruling
A conservative radio host took on the Securities and Exchange Commission (SEC) and won. The Supreme Court Thursday, June 27, ruled 6-3 in favor of George Jarkesy, who was charged with securities fraud and ordered by an SEC judge to pay a civil penalty of $300,000. Jarkesy appealed, claiming the SEC violated his Seventh Amendment right… -
Stadium spending: Is it ever a good use of taxpayer money?
In two days during the week of June 23, two cities committed nearly $1.5 billion in public money to keep their respective NFL teams in town. But taxpayers didn’t get a say. In both Charlotte and Jacksonville, city councils made the calls. Charlotte committed $650 million in taxpayer dollars for stadium renovations to keep the… -
How will banks hold up against stress test that mimics 2008 financial crisis?
Doctors use stress tests to find out how well one’s heart works when pumping harder than normal. The Federal Reserve does the same for banks and this year’s health results will be released Wednesday, June 26, after markets close. After the 2008 financial crisis, the Fed determined it was a good idea to test how… -
Paris 2024: Behind the Olympic spectacle lies a history of corruption
Every four years, billions of people across the globe tune into the Summer Olympics. The 2024 Games are set to be a spectacle, descending on Paris for the first time in 100 years. But sometimes, scoring the biggest sporting event on the planet is rife with corruption. And the scandals don’t stop after the winning… -
Politicians say Americans don’t pay for tariffs. What do economists say?
The closer it gets to November, the more Americans hear about tariffs, which are on the agendas of both presidential candidates vying for their vote. But is tariff just a fancy word for tax? And who ends up paying? The answer may depend on whether you ask an economist or a politician. Tariffs were a…
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