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Zohran Mamdani Takes Office With Promise to Tax the Wealthy
Chants of "tax the rich" echoed through City Hall on Thursday as Zohran Mamdani was sworn in as New York City’s new mayor. Joined by Senator Bernie Sanders, the democratic socialist signaled a departure from the city’s status quo, pledging to use municipal power to fund universal childcare and public services.
Chris Rabb Wins Philadelphia Primary as 'AIPAC Lost' Chants Erupt
Chants of "AIPAC lost!" echoed through Philadelphia on Wednesday as state Representative Chris Rabb secured a decisive victory in the Democratic primary for Pennsylvania's 3rd Congressional District. The democratic socialist’s win marks a significant setback for the pro-Israel lobby, which had funneled substantial resources into opposing his progressive platform.
Progressive Wave in New York Signals Growing Leftist Momentum
A series of primary victories for progressive candidates in New York has energized the Democratic left, with Senator Bernie Sanders hailing the results as a clear rejection of the political status quo. The wins, backed by local organizers, underscore a deepening divide between party leadership and a base demanding systemic change.
Cathie Wood bets on inflation collapse despite CPI surge
As financial markets brace for a potential interest rate hike following May’s 4.2% inflation spike, ARK Invest CEO Cathie Wood is pushing back against the consensus. She argues that official consumer price indices mask a reality where underlying inflationary pressures are rapidly fading toward near-zero levels.
Senate Democrats Challenge HHS Over Anti-Abortion Links on Moms.gov
Eleven Senate Democrats are demanding the Trump administration remove links to crisis pregnancy centers from the newly launched federal website Moms.gov, arguing the platform uses taxpayer resources to promote ideologically driven organizations that often provide misleading health information to vulnerable pregnant women.
Michelle Bond Faces November Trial in FTX Campaign Finance Case
A federal judge has cleared the path for the trial of Michelle Bond, rejecting her attempts to dismiss criminal charges tied to her 2022 congressional campaign. U.S. District Judge George Daniels scheduled the proceedings for November 9, moving forward with a case centered on alleged illicit funding from the failed FTX exchange.
Kalshi Challenges Illinois Betting Law in Federal Court
The prediction market platform Kalshi has launched a federal lawsuit against Illinois officials, contending that a newly enacted state law requiring sports contract licenses unlawfully encroaches upon the Commodity Futures Trading Commission's exclusive authority over federally regulated event contracts.
World links AI agents to human identities to curb bot abuse
A batch of 500 limited-edition hats sold out recently, but the buyers were not humans. Instead, AI agents completed the transactions, proving they represented verified individuals rather than bot networks. This experiment highlights World’s new AgentKit framework, designed to tether autonomous software to real-world identity credentials.
Kalshi Seeks $40 Billion Valuation Despite Growing Legal Hurdles
Prediction market operator Kalshi is in discussions to secure new capital at a $40 billion valuation, marking an 82% increase since May. This aggressive fundraising push follows a meteoric rise in trading volume, even as the firm contends with mounting regulatory lawsuits from state authorities and industry rivals.
SpaceX Short Interest Spikes as Traders Bet on Further Declines
Thirteen percent of SpaceX’s public float is now held in short positions, a sharp increase from eight percent just days ago. As the stock sheds more than 25% of its value over the last five sessions, the rapid accumulation of bearish bets has ignited fierce debate over a potential short squeeze.
Federal Agents Knew Alex Pretti Weeks Before Fatal Minneapolis Shooting
Alex Pretti, the nurse fatally shot by Border Patrol agents in Minneapolis last weekend, had a violent prior encounter with federal officers who knew his identity. This history intensifies scrutiny regarding official efforts to track and catalog activists and legal observers through a controversial government database.
The Intercept Sues DHS Over Secret Database Tracking Political Activists
A federal agent in Maine once told a legal observer she was being added to a "nice little database" for "domestic terrorists" simply for monitoring immigration enforcement. Now, The Intercept is taking the Trump administration to court to force the disclosure of the government’s secret tracking system for protesters.
ICE Agent Labels Legal Observer a Domestic Terrorist in Maine
A masked federal immigration agent was recorded in Portland, Maine, threatening a legal observer that she would be added to a government database for domestic terrorists. The confrontation occurred after the agent was filmed scanning license plates, prompting the observer to document the interaction as a protected First Amendment activity.
Netanyahu Defies Trump Peace Push by Vowing to Keep Lebanon Security Zone
Israeli Prime Minister Benjamin Netanyahu declared on Wednesday that his government will maintain its military occupation of southern Lebanon regardless of the consequences for US-led peace negotiations with Iran. His stance signals a direct challenge to the White House's attempts to secure a regional ceasefire across all active fronts.
Federal Judge Rejects Trump’s Executive Order on Voter Registration
A federal judge struck down key elements of a 2025 executive order from President Donald Trump that mandated proof of citizenship for voter registration. US District Court Judge Denise Casper ruled the directive unconstitutional, affirming that the president lacks the authority to regulate elections, a power reserved for individual states.
DOJ Rejects Law Enforcement Concerns Over CLARITY Act Loopholes
Four major law enforcement organizations recently warned that Section 604 of the proposed CLARITY Act could compromise criminal investigations, but the Department of Justice has dismissed these claims as factually inaccurate, insisting the legislation leaves federal oversight of digital assets and prosecution capabilities entirely intact.
UN Chief Calls for Windfall Taxes on Oil Giants to Fund Climate Action
United Nations Secretary-General António Guterres used London Climate Action Week to demand that governments tax the windfall profits of fossil fuel companies. Arguing that polluters must bear the financial burden of the climate crisis, he urged a massive shift toward renewable energy and stricter transparency for artificial intelligence infrastructure.
Trump’s $11 Billion Resignation Program Leaves Federal Jobs Vacant
The Trump administration has spent at least $11 billion paying nearly 140,000 federal employees to remain on the payroll while performing no work, according to a report from the government watchdog Public Citizen. The Deferred Resignation Program, intended to shrink the federal government, has instead fueled massive bureaucratic inefficiency.
Platner Reopens Kavanaugh Debate in Maine Senate Race
Four years after the Supreme Court overturned the constitutional right to an abortion, Democratic challenger Graham Platner is weaponizing Senator Susan Collins’ 2018 confirmation vote for Brett Kavanaugh. The move marks a strategic pivot to frame the incumbent as a primary architect of the current national reproductive health crisis.
GOP Farm Bill Sparks Outrage Over Looming SNAP Funding Crisis
Senate Republicans introduced new farm legislation this week that ignores calls to delay a looming budgetary shift, threatening the stability of federal food aid. By refusing to postpone a 2025 mandate requiring states to cover a portion of SNAP benefits, the bill risks forcing states to slash eligibility or exit the program.
OpenAI challenges Nvidia with custom-built Jalapeño chip
OpenAI has entered the competitive hardware arena with Jalapeño, a custom-designed processor built in partnership with Broadcom. Developed in just nine months, the chip is specifically engineered to handle the inference workloads of large language models, signaling a pivot toward full-stack control over its underlying computing infrastructure.
Cynthia Lummis to Release Final CLARITY Act Text by July 4
After months of legislative wrangling, Senator Cynthia Lummis plans to unveil the final text of the CLARITY Act around July 4. The release marks the end of an extensive review process, setting the stage for a critical Senate floor vote later in July as lawmakers aim to define digital asset oversight.
Democrats Urge FTC Crackdown on War-Driven Corporate Price Gouging
A coalition of Democratic lawmakers is pressuring the Federal Trade Commission to investigate potential price gouging, warning that corporations are exploiting the ongoing conflict with Iran to inflate costs for consumers. The group argues that firms are using the war as a pretext to pad profits beyond justified input increases.
Big Oil Cashes In as Iran Conflict Drives Global Profits
The world's 100 largest oil and gas corporations are generating an additional $30 million every hour, a windfall surge tied directly to the ongoing conflict in Iran. Since the military campaign began in late February, fossil fuel giants have capitalized on rising petroleum prices at the expense of global consumers.
Trump Orders Gas Price Probe as Democrats Push Windfall Tax
President Donald Trump has directed the Justice Department to investigate oil companies for failing to lower pump prices, alleging that consumers are being gouged even as global crude costs plummet. The move follows months of escalating fuel expenses linked to the ongoing war in Iran, which has sparked intense political friction.
Lincoln Memorial Reflecting Pool Faces Scrutiny After Duck Deaths
The discovery of three dead ducks in the Lincoln Memorial Reflecting Pool has triggered calls for a federal investigation into whether a $14 million renovation project is endangering local wildlife. Experts point to toxic algae blooms and peeling construction materials as potential hazards in the recently refurbished site.
Trump Pressures Senate GOP to Pass Stalled Voter ID Legislation
Demanding action with "passion and at the expense of everything else," President Donald Trump issued a fresh ultimatum to congressional Republicans on Thursday, insisting they pass the restrictive SAVE America Act. The bill, currently stalled in the Senate, seeks to overhaul federal election requirements despite significant internal GOP hesitation.
Trump Blocks Bipartisan Housing Bill to Force Vote-Restricting Legislation
President Donald Trump abruptly canceled the scheduled signing of the 21st Century ROAD to Housing Act on Wednesday, signaling he will hold the bipartisan economic package hostage until Congress passes his controversial SAVE America Act, an anti-voter bill aimed at restricting ballot access.
Financial Advisors Bet on AI Despite Competitive Fears
Financial advisors expect artificial intelligence to drive market growth for decades, yet they simultaneously fear that AI-enhanced DIY tools will emerge as their most formidable rival. According to a new Natixis Investment Managers survey, the industry is grappling with the dual promise of efficiency and the threat of obsolescence.
Trump Holds Up Housing Bill, Stalling CBDC Restrictions
Donald Trump has abruptly delayed signing the 21st Century ROAD to Housing Act, despite the legislation securing overwhelming bipartisan approval in both chambers of Congress. The maneuver leaves a critical provision—a five-year moratorium on the Federal Reserve issuing a central bank digital currency—in a state of legislative limbo.