A major water and wastewater utility serving the East Bay is preparing to vote on a proposed rate increase aimed at funding critical upgrades to century-old infrastructure. The plan, if approved, would raise rates by 13% over two years for water customers and 17% for wastewater customers, with the changes set to begin in July. Customers can expect their average monthly water bill to increase by approximately $8, with wastewater bills rising just over $4. The additional revenue wil

President Trump’s newly introduced legislative proposal, titled the “One Big Beautiful Bill Act,” has sparked significant reactions both domestically and internationally. Calling it the most significant piece of legislation in the history of the country, President Trump urged the Senate to pass it quickly after its narrow approval in the House of Representatives by a margin of 215–214. The bill sets forth comprehensive reforms including tax restructuring, reduced feder

Prime Minister Narendra Modi, addressing the inaugural session of the Rising North East Summit 2025 at Bharat Mandapam in New Delhi, declared the Northeast region of India as the most diverse and dynamic contributor to the nation’s development. Highlighting its multifaceted significance, he stated that from trade and tradition to textiles and tourism, Northeast India exemplifies true diversity and strength within the country. The two-day summit, held on May 23rd and 24th, aims

In a surprise development, the Senate has passed the No Tax on Tips Act, giving swift legislative approval to a key piece of President Donald Trump’s 2025 tax agenda. Championed as a promise to working-class Americans during Trump’s re-election campaign, the bill provides a significant tax break for service industry workers who receive tips. The legislation, introduced by Republican Senator Ted Cruz of Texas, gained bipartisan support, including from Democratic Senators Jacky Rose

San Jose is taking major steps to ramp up housing development by expanding financial incentives aimed at drawing more residential builders into the city. In a unanimous vote on May 13, city leaders approved a boost to its multifamily housing incentive program, increasing the cap on eligible new homes from 1,500 to 1,800 units. Under this initiative, developers can qualify for a 50% reduction in commercial, residential, mobile home park, and building and structure taxes through the end of the yea

JPMorgan has unveiled its 2025 Summer Reading List, a curated selection of 16 books that delve into themes of happiness, resilience, artificial intelligence, and the future of global finance. Now in its 26th year, this annual list is compiled from over 1,000 suggestions by JPMorgan's client advisors and refined by a dedicated review committee. The list serves as a guide for the affluent seeking insightful and transformative reads during the summer months. Darin Oduyoye, Chi

The United States Senate has taken a major step toward regulating stablecoins, a rapidly expanding segment of the cryptocurrency market. In a procedural vote on Monday, the Senate voted 66-32 to advance a bill designed to establish a federal regulatory framework for stablecoin issuers, marking a significant development in a legislative process that had previously stalled due to political tensions. Stablecoins are digital currencies tied to tangible assets such as the US dollar or

Japan's economy contracted in the first quarter of 2025 for the first time in a year, and the decline was sharper than expected. This latest data highlights the fragile nature of the country's recovery, now under added pressure from anticipated US trade actions that threaten to weigh further on exports and consumer sentiment. According to newly released government statistics, Japan’s real gross domestic product (GDP) shrank at an annualized rate of 0.7% from January

Markets across the globe rallied after a major breakthrough in US-China trade relations led to a temporary easing of tariffs, injecting optimism into an environment recently weighed down by economic uncertainty. A new agreement between the two economic giants saw both sides commit to a 90-day reduction in tariffs, effectively pausing years of escalating trade hostilities. The United States agreed to cut tariffs on Chinese imports from 145% to 30%, while China responded by lowering its tariffs on

House Republicans have unveiled a sweeping new tax proposal dubbed the “One Big, Beautiful Bill” aligning with President Donald Trump’s 2024 campaign promises. The bill includes major tax breaks for workers, significant penalties for elite educational institutions, and the introduction of a 5% tax on money transfers sent abroad, a move likely to impact immigrant families across the country. The proposed legislation eliminates federal income taxes on tips and o

The United States and China are expected to provide more clarity on the progress made during a series of marathon trade discussions held over the weekend in Geneva. These talks brought together high-level officials from both countries, and their outcomes may mark a turning point in ongoing efforts to resolve longstanding economic tensions between the two largest global economies. While full details have not yet been disclosed, early signals from both sides suggest cautious optimis

A logistics company in the Bay Area is experiencing unexpected business growth due to rising tariffs introduced under the Trump administration. These policy changes have reshaped international trade routes and transformed how companies handle imported goods, particularly increasing demand for bonded warehouses — specialized storage spaces where tariffs don’t apply until items are officially brought into the domestic market. Francisco Garcia, founder of Lynx Logistics i

A new congressional proposal to reduce Medicaid funding for Washington D.C. is causing concern among officials and health experts, who warn that such cuts would have wide-reaching consequences beyond the program’s low-income beneficiaries. Medicaid is deeply integrated into the region’s health care infrastructure, and any funding reduction could disrupt care for patients across the income spectrum, affecting hospitals, clinics, and community health providers. House Rep

The economic disparity among US states has been sharply illustrated by new data showing that more than half of the nation’s billionaires reside in just four states, while three states do not have a single billionaire. Out of a total of 902 billionaires across the country, 528 live in California, New York, Florida, and Texas. This geographic clustering of immense wealth reveals growing inequality in wealth distribution across the United States. California tops the list with 1

Houston residents are being urged to stay weather-aware this week as a series of scattered thunderstorms and heavy rainfall is forecast to begin Monday evening and intensify through Tuesday. Has declared Tuesday a Storm Alert Day for the entire Houston region due to the significant threat of severe weather, including heavy downpours, possible hail, and damaging winds. The day began clear and cool across the city, but cloud cover increased rapidly through the afternoon. Monday’s high temper

A late-night house party in southeast Houston turned deadly early Sunday morning, leaving at least one person dead and several others critically injured in a mass shooting incident. Authorities from the Houston Police Department (HPD) responded to reports of gunfire at approximately 12:50 a.m. on the 6000 block of Cherry Hill, according to HPD Assistant Chief Patricia Cantu. Cantu stated during a press briefing that multiple 911 calls alerted law enforcement to the scene, where officers arriv

 Apple is taking a major strategic step by shifting a significant portion of its iPhone production for the US market to India. The move, confirmed by CEO Tim Cook, is largely driven by economic factors, especially the sharp difference in tariff rates between goods produced in India and China. According to Cook, the cost of exporting iPhones from India to the United States is much lower due to the 10 percent tariff, compared to the far higher rate imposed on Chinese imports. While Apple cont

A proposed constitutional amendment backed by Texas Governor Greg Abbott is reigniting debate over how the state handles bail for violent offenders. Abbott says the reform would save lives, while critics warn it could exacerbate jail overcrowding and undermine due process rights. Speaking at a press conference in Houston, Abbott cited a troubling trend in the region: over 200 cases where individuals released on bond for violent charges allegedly killed Texans while awaiting trial. “For

A recent report from LendingTree has revealed a concerning trend among newlyweds in 2025: the financial burden of weddings is pushing a growing number of couples into debt, with long-lasting effects on their relationships and financial stability. According to the survey, two-thirds of couples took on debt to fund their big day, and many are left with serious regrets after the festivities have ended. The report paints a stark picture of modern weddings extravagant affairs often driven by s

President Donald Trump on Wednesday hosted top global business executives at the White House for the “Investing in America” event, where he revealed over $2 trillion in new investment commitments aimed at strengthening U.S. manufacturing, infrastructure, and artificial intelligence leadership. Speaking in front of industry leaders from companies including Nvidia, SoftBank, GE Aerospace, Oracle, and OpenAI, Trump framed the gathering as a milestone in what he described as the most