The U.S. and Iran have reached agreement on a memorandum of understanding to extend their ceasefire for 60 days but President Donald Trump has yet to approve it, a source familiar with the matter told Reuters. The news was first reported by Axios. The Trump administration has several times said...
Follow the Money: Who’s Backing California’s Next Governor — and Why
Campaign donations are both a measure of popular support and a sign of which candidates special interests believe they can influence. CalMatters analyzed campaign finance data in the California governor’s race. Here are five takeaways on where the money is coming from and where it’s going. Outside Money Is Shattering...
Temu Fined $232 Million for Breaching EU Rules on Sale of Illegal Products
Chinese online retailer Temu has been fined €200 million ($232 million) for not doing enough to stop the sale of illegal products, European Union tech regulators said on Thursday, following the first part of a wide investigation. Further penalties could follow in the coming months as a result of a...
Trump Administration in Talks to Fund US Drone Companies, WSJ Reports
The Trump administration is in talks to provide funding to some drone companies, including Unusual Machines and Sequoia Capital-backed Neros, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Shares of Unusual Machines were up 37% in premarket trading on Thursday. Drone dominance was described as...
Michigan Gov. Gretchen Whitmer Will Not Run for President in 2028
MACKINAC ISLAND, Mich. — Gov. Gretchen Whitmer of Michigan, one of the country’s highest-profile Democrats, told a local journalist Thursday that she would not seek the presidency in two years. “There will be a robust group of people running for president,” Whitmer told a reporter for Detroit’s WJBK-TV. “I will...
Mexico’s Congress Backs Adding Foreign Interference as Grounds to Annul Elections
Mexico's congress on Thursday approved a constitutional amendment to include "foreign interference" as a reason to annul elections in the country. The proposed amendment, which the lower house approved with 307 votes in favor, 128 against, and 1 abstention, will now move to the Senate. "It is important to safeguard...
Becerra and Hilton Pull Well Ahead in CA Governor’s Race: Poll
The 2026 campaign for Gov. Gavin Newsom’s successor may be all but over after the votes from next week's primary are counted, even with an election still needing to be staged in November. A new poll by the Public Policy Institute of California found that Democrat Xavier Becerra, a former...
US Postal Service Strikes Multi-Year Deal With DHL Unit
The U.S. Postal Service said Thursday it had reached a multi-year deal with DHL eCommerce for last-mile parcel delivery services in the United States expected to be worth more than $10 billion. DHL eCommerce, which is part of German logistics giant DHL Group, said the deal will help it grow...
Report Says Iran and US Reach Outline Ceasefire Deal After Latest Attacks
The United States and Iran have reached an outline agreement to extend their ceasefire pending the approval of President Donald Trump, according to an Axios report, after Iran targeted a U.S. air base in Kuwait on Thursday in the wake of U.S. strikes on what Washington described as an Iranian...
Inflation Firming as Iran War Drives up Prices
U.S. inflation increased at its fastest pace in three years in April, driven by higher energy prices amid the war with Iran, and cementing economists' views that the Federal Reserve could hold interest rates unchanged well into next year. Surging price pressures are eroding household income and could restrain consumer...