May 25, 2025

News

Funds

California sues Trump over electric vehicle charging funds

California is joining 16 other states in a federal lawsuit to force the Trump administration to release billions of dollars in funds for electric vehicle chargers approved by former President Joe Biden’s hallmark infrastructure law. “Alongside 16 attorneys general, I’m suing the Federal Highway Administration for their efforts to thwart Congress’s $5 billion program to

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Investors

California attorney sentenced to prison for scamming investors out of $8.7 million to finance lavish lifestyle

A Newport Beach attorney who admitted that she swindled investors out of $8.7 million in order to bankroll her lavish lifestyle and high-rolling gambling habit was sentenced Monday, May 5 to one year and nine months in federal prison. A luxuriant lifestyle of high-end jewelry, luxury cars, a six-month stay at a opulent Las Vegas

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Funds

Nearly 1,500 Lehigh Valley families wait to see if Head Start funds remain stable

Amanda Cruz doesn’t limit her conception of Head Start to federally funded preschool. For her, it means Franklin Park playgroups for her son, home visits for her daughter and community connections to things like a dentist and cooking classes. Head Start and Early Head Start are provided by Community Services for Children to Cruz and

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Crypto

Senate Dems propose ban on presidents investing or endorsing crypto assets

After abruptly pulling their support from what would have been the Senate’s first stablecoin regulatory bill, Senate Democrats announced Tuesday that they would introduce a new bill that would prevent federal officials and their families from issuing digital assets – a bill directed at Donald Trump and his family’s current stablecoin and meme coin holdings.

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Finance

XRP News – The Vaultro Finance Use Case Guide: What You Can Do with the First Decentralized Index Fund Protocol on XRP Ledger

SINGAPORE, May 06, 2025 (GLOBE NEWSWIRE) — Vaultro Finance is redefining how investors interact with digital assets by launching the first decentralized index fund protocol on the XRP Ledger (XRPL). As crypto adoption accelerates, so does the demand for smarter, simpler, and more diversified investment strategies. Vaultro delivers this through tokenized, on-chain index funds –

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Loans

Interest rates for loans, mortgages aren’t falling. See when they might

If you’re wondering when interest rates on credit cards and car loans will start falling again, don’t hold you breath this week when the Federal Reserve’s policy committee meets. Interest-rate traders see little chance that the Fed will lower interest rates at the end of Wednesday’s meeting or the following one. That means Americans won’t

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Investment

How much a $1,000 investment in Hims & Hers at its IPO would be worth now – NBC New York

Shares of telehealth company Hims & Hers Health got a boost last week on news that it will start offering popular weight-loss drug Wegovy. Founded in 2017, Hims & Hers is a direct-to-consumer telehealth platform that went public in 2021. The company offers treatments for conditions such as hair loss, sexual health issues, mental health,

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Funds

Bay Area governments join lawsuit against Trump’s homeless fund conditions

Santa Clara County and San Francisco, along with seven other local governments, are asking a federal judge to block the U.S. Department of Housing and Urban Development from placing “unlawful” conditions on federal funds — stipulations that could put millions of dollars to address homelessness at risk. The lawsuit, which is being led by King

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Crypto

Crypto Could Witness Extended Bull Market This Cycle, According to Macro Guru Raoul Pal – Here’s His Timeline

Former Goldman Sachs executive Raoul Pal says that crypto markets could witness an extended bull market that goes longer than most are expecting. In a speech at the Sui (SUI) Basecamp event, Pal says that despite an elongation of the cycle due to a slower-than-expected rate-cutting cycle, crypto markets are in the midst of entering

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Crypto

Deribit Sets Sights on US Market Amid President Trump’s Pro-Crypto Approach: Report

The world’s largest cryptocurrency options exchange is reportedly considering expanding its operations into the US. The Financial Times reports that Dubai-headquartered Deribit is eyeing to enter the US market to take advantage of President Donald Trump’s pledge to make the country the crypto capital of the world. Deribit chief executive Luuk Strijers says that the

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