The Nasdaq hit an intraday all-time high and closing record on Wednesday, its first since October, as investors returned to technology stocks, signaling a rebound in risk appetite after weeks of concerns over war-related economic disruption and fears about the labor-force impact of AI. The Nasdaq Composite rose 1.6% to...
SantaCon Leader Ran His Own $1 Million Con Game, US Says
NEW YORK — The lead organizer of SantaCon NYC, an annual Christmas-themed bar crawl that is both beloved and reviled, took more than half of the nearly $3 million the event raised for charity over five years, federal prosecutors said Wednesday. The organizer, Stefan Pildes, used his position as the...
White House Offers No Hint of Iran War Cost as It Seeks Military Funding Surge
White House budget director Russell Vought said on Wednesday he could not estimate the cost of the Iran war, as he defended President Donald Trump's request for a massive $1.5 trillion annual military budget against bipartisan criticism from U.S. lawmakers who cited the Pentagon's historic lack of financial accountability. "We're...
Wired Wednesday: Why Did Judge Reject Challenge to Fresno Highway 99 Project?
GV Wire’s David Taub talks with KMPH Fox 26 “Great Day” anchor Liz Gonzalez, about a judge's ruling against an environmental group regarding a South Fresno Highway 99 project. Fresno County Superior Court Judge Geoffrey Wilson ruled that Friends of Calwa and Fresno Building Healthy Communities filed their lawsuit too...
Kern County Deputy-Involved Shooting Follows Domestic Violence Report, Pursuit
A 30-year-old man was arrested following a domestic violence report, a multi-agency pursuit, and an officer-involved shooting in Kern County, according to the Kern County Sheriff’s Office. Deputies responded March 13 at about 6 p.m. to a report of domestic violence in the 16000 block of Highway 178 in Weldon....
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...
NY Jury Finds Live Nation Illegally Monopolized Ticketing Markets, Bloomberg News Reports
Live Nation illegally monopolized ticketing markets, a New York federal jury found Wednesday, Bloomberg News reported. Shares of the company were down 2% in afternoon trading following the report. The jury reached its verdict following a six-week trial, the report said. (Reporting by Juby Babu in Mexico City; Editing by...
US Envoy Waltz Appears to Torpedo Bachelet as Next UN Leader
The U.S. envoy to the United Nations, Mike Waltz, appeared to torpedo the candidacy of former Chilean President Michelle Bachelet to be the next leader of the world body on Wednesday by saying he shared a U.S. senator's concerns about her fitness for the job. At a U.S. Senate committee...
‘False Prophet’ Dillon Savory Responds to Ed Kashian’s SEDA Op-Ed
Hear ye, hear ye! I, the “False Prophet,” do humbly address the good people of Fresno, having been so anointed, not by divine hand, but by the royal decree of the King of Commercial Expansion, his grace, Edward Kashian, or as I spell it, Cash-in. It has been proclaimed that...