PYMNTS

The valuation of payments processing platform Stripe reportedly reached $70 billion. Sequoia Capital is offering to buy shares from investors that want to cash out, Bloomberg reported Monday (July 15), citing unnamed sources. The venture capital firm is offering $27.51 for Stripe shares and will purchase up to $861 million in shares.

Report: Stripe Valued at $70 Billion Amid Possible Sequoia Deal

Mountain View, CA

Business Insider

Google owner Alphabet is nearing a $23 billion deal for Wiz, a cybersecurity startup founded in 2020, The Wall Street Journal reported.

Google is closing in on its biggest deal: a New York startup that's less than 4 years old

Jeff Bezos is selling 25 million Amazon shares worth $5 billion, according to a regulatory filing on the day the tech giant’s stock hit a record high. The proposed sale on Tuesday came as Amazon’s stock closed at $200 per share, its highest price since Amazon’s 1997 NASDAQ listing.

Jeff Bezos selling $5B worth of Amazon shares as company’s stock hits all-time high

Entrepreneur

Dimon said the technology is already "embedded" at the company and estimated that JPMorgan would increase its AI-related projects by 400 this year.

JPMorgan Chase CEO Jamie Dimon Wants People to 'Stop Talking' About AI: 'It'll Help You Do Your Job Better'

New Jersey State

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Morristown Minute

NEW JERSEY - Attorney General Matthew J. Platkin and the Division of Consumer Affairs announced today that Walmart has agreed to pay $1.64 million to settle allegations of unlawful unit pricing practices across its 64 New Jersey retail stores. The settlement, which includes a $1.61 million civil penalty, marks the largest ever obtained by the Division’s Office of Weights and Measures (OWM).

Walmart Pays $1.64M Settlement for Unlawful Pricing in NJ

The biggest news of the morning? Seeing the June CPI print with a negative sign. You can be pretty sure now that Fed rate cuts are coming. The overall June consumer price index dropped 0.1 points from May. Year-on-year, it almost printed with a 2-handle (it came in at a flat 3.0%). The core was only up one-tenth on the month, and 3.3% on the year. And yes, the yearly numbers are still high. But the recent trend has been incredibly soft. Core CPI for the past three months annualized is now running just 1.1%.

Kelly Evans: The cuts are coming

New York City, NY

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

San Francisco, CA

New York Post

Laurene Powell Jobs, the billionaire widow of Apple visionary Steve Jobs, has set a new residential sale record for the city of San Francisco. 

Powell, 60, purchased a home in the Pacific Heights neighborhood for a cool $70 million, individuals with knowledge of the sale told the Wall Street Journal.  

The property wasn’t publicly listed for sale, but the sellers — Sloan Lindemann Barnett, the daughter of billionaire George L. Lindemann and Roger Barnett, chief executive of Shaklee, a health-supplement maker — initially wanted more than $100 million for it, sources told the Journal. It is sandwiched between homes owned by billionaire...

This billionaire just bought the most expensive home in San Francisco

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

California State

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The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

Denver, CO

David Heitz

Denver Mayor Mike Johnston has become nationally known for moving more than 1,600 homeless people indoors since he has become mayor. Now he wants to place 200 people struggling with mental illness and/or addiction into treatment, according to an upcoming City Council committee agenda.

Denver mayor to send 200 people experiencing homeless to treatment

CALIFORNIA – The Department of Labor (DOL) published, June 13, an unemployment insurance weekly claims advance report showing 90,000 California workers lost their job in the last two weeks.

Department of Labor reports over 90,000 California workers lost their job in the last two weeks

The Independent

Burberry has replaced boss Jonathan Akeroyd after just over two years in the job as the luxury fashion firm said it is set to slump to a loss and halted shareholder dividend payouts.The group said Mr Akeroyd is leaving with immediate effect “by mutual agreement with the board”.He will be replaced as chief executive by former Michael Kors boss Joshua Schulman, who takes on the role from July 17.We are taking decisive action to rebalance our offer to be more familiar to Burberry's core customers whilst delivering relevant newnessBurberry chairman Gerry MurphyBurberry made the unexpected announcement as it warned it...

Burberry boss replaced as firm warns over first-half losses amid slump in sales

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

A bull market has seen the S&P 500 soar over the last year. Nvidia has been a major contributor to that growth and could have much more to offer investors in the coming years. Microsoft has significant cash reserves and growth catalysts across tech. These companies dominate their respective areas...

2 Top Tech Stocks That Could Make You a Millionaire

CALIFORNIA – California voters will get to decide, November 5, on Proposition 32, a measure that raises the minimum wage to $18 an hour for all workers. The current minimum wage is $16 an hour in California and adjusts for inflation. Fast food workers make $20 per hour and health care worker's wage will eventually increase to $25 per hour.

Proposition 32 will allow voters to decide on $18 minimum wage for all California workers

The mother of a Denver homeless man told the City Council Monday that city-sponsored services have failed her son. Barbara Hallick Yeomans made her remarks during public comment period of the City Council meeting. She said her son grapples with substance abuse and mental illness and repeatedly has been harassed by police. She said her son also suffered verbal abuse by a guard in the Denver County Jail. Yeomans said she heard the guard harassing her son over the phone.

Mother says Denver homeless services have failed her son

Virginia State

Virginia fans of The Bold and the Beautiful are pretty much unified in their expectations of what will happen between Thomas Forrester (Matthew Atkinson) and Paris Buckingham (Diamond White), who recently announced their engagement.

The Bold and the Beautiful fans believe Thomas will dump Paris for Hope

Illinois State

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

BYD plans to open a $1 billion factory in Turkey that is expected to begin production by the end of 2026.

Beware, Elon Musk — BYD just took its next step toward world domination

NewsBreak

Salesforce Cuts 300 Jobs in Year’s Second Round of Layoffs

Salesforce reportedly cut about 300 jobs in July after eliminating 700 roles earlier this year. The latest cuts are part of the company’s ongoing effort to...

Salesforce Cuts 300 Jobs in Year’s Second Round of Layoffs

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