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Kalshi Trading Temporarily Halted, Website Shows

Kalshi has temporarily halted trading on Wednesday afternoon, according to its website. Traders will be notified when trading resumes, the website said. Kalshi was not immediately available for comment. Update at 12:52 p.m. The website now says, "Orders can now be modified or cancelled. The Kalshi Exchange is set to...

US Targets Iran’s Oil Transportation Infrastructure With Sanctions

The U.S. Treasury Department said on Wednesday it was targeting Iran's oil transportation infrastructure by imposing sanctions on more than two dozen individuals, companies, and vessels. The sanctions target a network of Iranian oil shipping magnate Mohammad Hossein Shamkhani, the Treasury Department said in a statement. Hossein Shamkhani is the...

Israel Considering Ceasefire With Lebanon, Officials Say

Israel is considering a short-term ceasefire in Lebanon that could pause the war against Iran-backed Hezbollah, three Israeli officials said Wednesday. The Israeli government has yet to formally sign off on the truce, and the discussions around it remained fluid. It could be discussed by Israel’s high-level security Cabinet when...

California Goes After ‘Vexatious’ PAGA Law Firms. How Much Have They Cost Employers?

When California legislators approved the Private Attorney General Act in 2004, they did so because they knew the state's labor enforcers could never keep up with the numbers of worker complaints. What's it turned into, however, said Tom Manzo, founder of the California Business & Industrial Alliance, is a multibillion-dollar...

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