In the wake of devastating wildfires in the Pacific Palisades and Pasadena/Altadena areas, Los Angeles renters are encountering instances of illegal price gouging. Despite California’s strict laws prohibiting such practices during emergencies, some landlords have significantly raised rental prices, exploiting displaced residents.
Vice President-elect JD Vance has sharply criticized the Biden administration, labeling its economic and policy legacy as a "dumpster fire" during an appearance on Fox News Sunday. Vance’s remarks come as President-elect Donald Trump prepares to assume office after a contentious election.
The Department of Justice (DOJ) announced Tuesday that it has filed an amended complaint in its lawsuit against RealPage, a software company, and six of the nation’s largest landlords, accusing them of engaging in anti-competitive practices through algorithmic pricing schemes that have harmed millions of renters.
U.S. Treasury Secretary Janet Yellen acknowledged in a CNBC interview that the Biden administration's pandemic stimulus spending may have contributed “a little bit” to inflation.
Seattle’s minimum wage, which rose to $20.76 per hour on January 1, has proven too costly for some business owners, resulting in the closure of a long-standing small business and highlighting broader economic consequences of such policies.
Stock prices for major alcohol manufacturers and distributors fell Friday morning following a new advisory report from Surgeon General Vivek Murthy. The report called for Congress to mandate cancer risk warning labels on all alcohol products, citing its role as the third leading preventable cause of cancer in the United States.
President-elect Donald Trump is prepared to challenge President Joe Biden’s recent push to implement a sweeping ban on new oil and gas drilling in certain federal waters. According to a statement by Trump’s spokeswoman, Karoline Leavitt, the incoming administration will not allow Biden’s policy to hinder efforts to provide Americans with abundant and affordable energy.
