August 25, 2025

Latest headlines

Investors

Where in California do investors own the most houses? – The Mercury News

Investors own more than half of all the houses in seven California counties. That’s one eye-catching nugget from my trusty spreadsheet’s review of data on investor activity across the nation from BatchData, a small data tracker that digs deeper into property records than many traditional real estate analysts. BatchData reviewed California ownership records to identify the

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Funds

With hundreds of millions of dollars at risk in Bay Area, lawsuit against Trump grows over grant funds – East Bay Times

As the Trump administration continues its attempts to impose conditions on federal grants, a coalition of 60 local governments — including the counties of Santa Clara, Alameda and San Mateo — is asking a federal judge to block the U.S. Department of Health and Human Services from adding stipulations to grants that could put hundreds

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Funds

With hundreds of millions of dollars at risk in Bay Area, lawsuit against Trump grows over grant funds – The Mercury News

As the Trump administration continues its attempts to impose conditions on federal grants, a coalition of 60 local governments — including the counties of Santa Clara, Alameda and San Mateo — is asking a federal judge to block the U.S. Department of Health and Human Services from adding stipulations to grants that could put hundreds

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Loans

Bishop pleads guilty to fraudulently taking out loans on Bay Area church properties – The Mercury News

OAKLAND — A former African Methodist Episcopal Zion Church bishop pleaded guilty Tuesday to wire fraud, mail fraud and conspiracy to commit wire and mail fraud for transferring church property deeds to an entity he created then using them to obtain loans, prosecutors said. Staccato Powell, a 65-year-old resident of Wake Forest, North Carolina, agreed

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Investment

Pair charged in San Diego in pizza investment fraud investigation – San Diego Union-Tribune

Two people who allegedly took around $1 million from investors who believed they were buying stock options or franchises of a pizza restaurant chain have been charged in San Diego Superior Court with more than two dozen counts related to fraud or theft. The victims, which included senior citizens and military veterans, paid between $5,000

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Funds

California sues Trump over $900 million in frozen funds

California Attorney General Rob Bonta joined officials from 23 other states and the District of Columbia in suing the federal government Monday for the release of more than $6 billion in federal education funding that they say never arrived, including $939 million for California. Bonta, a Democrat, filed the legal challenge in the U.S. District

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Crypto

Binance aided Trump family’s crypto firm before founder Changpeng Zhao sought pardon – The Mercury News

By Zeke Faux, Muyao Shen and Anthony Cormier, Bloomberg One of the Trump family’s crypto ventures has received key behind-the-scenes help from the world’s largest digital-asset exchange, whose founder is a convicted felon now seeking a presidential pardon. Binance wrote the basic code to power USD1, a stablecoin launched by the Trumps’ World Liberty Financial

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Funds

NY congressional delegation warns school funds delay threatens teacher training, English language instruction

New York congressional delegation members warned Thursday the Trump administration’s hold on education funding includes more than $400 million in-state — disrupting school planning and threatening teacher training and English language instruction. The 19 Democrats sent a letter to Education Secretary Linda McMahon and the federal government budget office — first shared with the Daily

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Loans

$750 million loan for Bay Area transit

Top California Democrats say they’ve averted a worst-case scenario for struggling Bay Area transit agencies — but only for now. Tucked into the $320 billion state budget agreement that Gov. Gavin Newsom signed last week is a $750 million loan for four local transit agencies to keep operating while they face massive deficits. The loan

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Funds

Root Beer Social brings in funds for pickleball court at Findley State Park – Morning Journal

The Friends of Findley State Park, Inc., hosted a root beer float social July 5 and served more than 100 people in an effort to raise funds for the expansive park. “We have really big dreams that seem to be pushed back now,” said Tricia Andel, president of the organization, of recent budget cuts at

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