This story was originally published by CalMatters. Sign up for their newsletters. The game of musical chairs in the race to be California’s next governor lost another player last week. After Democratic businessman Stephen Cloobeck — who was polling at below half a percent — dropped out of the race...
Stocks Mixed as Inflation Bolsters Rate Cut Bet
Wall Street indexes were mixed on Tuesday and the dollar pared its gains after U.S. inflation data strengthened prospects for rate cuts this year, while oil prices surged as unrest in Iran outweighed worries about a supply glut. U.S. President Donald Trump's pledge on Monday to impose a 25% tariff...
BBC Seeks to Have Trump’s $10 Billion Lawsuit Dismissed
The BBC will file a motion to dismiss U.S. President Donald Trump's $10 billion lawsuit over its editing of a speech that made it appear he had directed supporters to storm the U.S. Capitol. Court documents published late on Monday showed the broadcaster would argue that the court in Florida...
Labor Secretary’s Aides Placed on Leave in Misconduct Investigation
The secretary of labor’s chief of staff and deputy chief of staff were placed on administrative leave on Monday, as the Labor Department’s watchdog begins investigating allegations of professional misconduct involving the secretary, a person with knowledge of the matter said. The move to place the two officials on leave...
Microsoft Launches Data Center Initiative to Limit Power Costs, Water Use
Microsoft on Tuesday unveiled a community-focused initiative aimed at lowering water usage at its U.S. data centers and ensuring that the power-hungry facilities do not drive up electricity prices for the public. The company will pay utility rates high enough to cover its electricity costs and work with local utilities...
Inflation Steady as Fed Considers Rate Path
Inflation ended the year on a subdued note, as the 2025 tariff barrage worked its way through to sticker prices. Consumer prices were 2.7% higher than a year ago, data from the Bureau of Labor Statistics showed Tuesday, or 2.6% when stripping out volatile food and energy prices. That was...
Newsom Vows to Stop Proposed Billionaire Tax in California
SACRAMENTO, Calif. — Gov. Gavin Newsom vowed on Monday to stop a proposed wealth tax in California, saying that its mere introduction had already hurt the state by driving some billionaires to relocate and take their tax dollars with them. Newsom, a Democrat, said in an interview with The New...
Greenland PM Prefers Denmark Over the US Ahead of Vance Meeting
Greenland's prime minister said on Tuesday his nation would rather remain part of Denmark than become a territory of the United States, amid President Donald Trump's push to take control of the Arctic island. The Danish and Greenlandic foreign ministers will meet U.S. Vice President JD Vance and Secretary of...
US New Home Sales Fall Marginally in October
Sales of new U.S. single-family homes fell slightly in October after increasing for two straight months, though declining prices amid still-elevated inventory could support the new housing market this year. New home sales slipped 0.1% to a seasonally adjusted annualized rate of 737,000 units, the Commerce Department's Census Bureau said...
Facing Contempt Threat, Clintons Refuse to Testify in Epstein Inquiry
WASHINGTON — Bill and Hillary Clinton refused on Tuesday to testify in the House’s Jeffrey Epstein investigation, escalating a monthslong battle with Rep. James Comer, R-Ky., and effectively daring him to follow through on his threats to hold them in contempt of Congress. “Every person has to decide when they...