Finance
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Over 100 LA County lifeguards earn $500K annually, watchdog report
Los Angeles is ranked the 25th most expensive U.S. city, with a medium household income of $82,848, compared to the national average of $79,466.
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S&P 500 reaches record high, gains rough 20% after plummeting over investor fears of Trump tariffs
The S&P 500 closed Friday at 6,173, surpassing its previous high of 6,144 in February.
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Treasury sanctions fugitive leader of Venezuelan Tren de Aragua gang
The Treasury Department accused Mosquera Serrano of being part of the gang's drug trafficking and financial operations.
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United States reaches $37 trillion in debt
The benchmark comes after the U.S. passed the $36 trillion debt threshold in November.
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Trump's 2025 financial disclosure reveals president made $57 million from cryptocurrency startup
Trump also made millions off of royalties for various luxury items last year, including a guitar, sneakers, watches and Bibles. Altogether the royalties equaled over $12 million.
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Advocacy group at heart of anti-ICE protests in LA has long raised money through ActBlue
Although a different credit-card processor is used on their own webpage, The Coalition for Humane Immigrant Rights of Los Angeles (CHIRLA) is listed in ActBlue's official directory.
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Citibank reverses course, drops anti- Second Amendment policy
While claiming it “has always been fully committed to treating all current and potential clients fairly,” it said concerns were raised “regarding ‘fair access’ to banking services.”
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Trump Media closes Bitcoin deal with about 50 institutional investors
The deal will allow the company to trade $1.5 billion in stock and $1 billion in convertible notes for $2.5 billion in Bitcoin.
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S&P 500 closes out best month since 2023
The numbers come as tension with China remains high over an impending trade deal. Trump accused China of violating a "fast deal" he made with them after he imposed steep tariffs on the country, but later sounded optimistic that a trade deal was still possible.
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Moody's downgrades US credit rating over high deficit
The decision comes after the U.S. deficit for the current fiscal year hit $1.3 trillion last month, despite only being six months into the fiscal year, which began on October 1.
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Treasury announces US collected record $16.3 billion in customs duties in April
The new numbers mean that the United States has collected a total $63.3 billion in customs duties since the start of the current fiscal year, which began last October. The number is also a $15.4 billion increase from the same period last year.
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Stock market sees major boost over China-US trade truce
The Dow Jones Industrial Average ended its day with a 1,160 point (2.81%) gain, while the Nasdaq Composite closed with a 4.35% boost and the S&P 500 closed with a 3.26% increase.
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Bessent says US is negotiating with 17 out of 18 major trade partners
Hours after his testimony, officials indicated that formal trade negotiations with China could take place as early as Thursday, when the secretary travels to Switzerland.