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California News October 1, 2020

Gov. Newsom rejects bill authorizing $600 aid to low-income Californians, immigrants

California Governor Gavin Newsom vetoed a bill that would authorize the state to provide $600 in emergency food assistance to…

By Marivic Cabural Summers

Financial Investigations October 1, 2020

Kik loses legal battle against SEC over its $100 million ICO

Kik Interactive, the Canada-based owner and operator of mobile messaging app called Kik Messenger, was defeated in its legal fight…

By Marivic Cabural Summers

U.S. News October 1, 2020

OPINION: Trump should change things up ahead of the second debate

Regardless of where you sit on the political spectrum, most people can agree that Trump’s strategy during Tuesday night’s debate…

By Colby McCoy

Featured September 30, 2020

This Man Is Warren Buffett’s Hero and He Should Be Yours Too

In the world of finance, very few people are more well-known and respected than Warren Buffett. The Oracle of Omaha,…

By Sean Corliss

U.S. News September 30, 2020

2020 Presidential Debate: Trump opts for combative approach, Biden offers lukewarm defense

Millions of Americans eagerly tuned in to watch one of the biggest televised events in  2020, the presidential debate between…

By Colby McCoy

High Profile Court Cases September 30, 2020

Nikola (NASDAQ: NKLA) continues to be embroiled in controversy.  The electric vehicle manufacturer’s founder and former executive chairman Trevor Milton has…

By Jackie Allen

California News September 30, 2020

SEC charges Lewis Wallach, ex-CEO of Professional Financial Investors with operating a Ponzi scheme

Lewis Wallach, the former chief executive of Professional Financial Investors, Inc. (PFI) has been charged with operating a fraudulent Ponzi…

By Marivic Cabural Summers

Business September 30, 2020

U.S. Regulators order JPMorgan to pay $920M for manipulating precious metals, Treasury securities markets

JPMorgan Chase & Co. (NYSE: JPM) and its subsidiaries agreed to the order of U.S. regulators requiring it to pay…

By Marivic Cabural Summers

Financial Investigations September 30, 2020

J.P. Morgan Securities to pay $35 million for engaging in fraudulent manipulative trading

J.P. Morgan Securities agreed to resolve allegations by the Securities and Exchange Commission (SEC) alleging that it engaged in fraudulent…

By Marivic Cabural Summers

Business September 29, 2020

Disney to lay off 28,000 employees as COVID-19 pandemic continues to hurt its theme parks

The Walt Disney Company (NYSE: DIS) made a “heartbreaking” and “difficult” decision to layoff 28,000 employees as the COVID-19 pandemic…

By Marivic Cabural Summers