Author: Angel City Editorial Team

Silicon Valley and the Pentagon are growing ever closer. As venture capitalists continue to pour money into defense tech startups, they are turning to a new hiring pool: military veterans and former Pentagon personnel. Andreessen Horowitz has hired former fighter pilot Matt Shortall as its chief of staff, Lux Capital has brought on former U.S. Special Operations Command commander Tony Thomas as an adviser, and Shield Capital managing partner Raj Shah is an Air Force veteran. Hiring ex-military people gives companies a big advantage, allowing them to “understand what the real problems are out there in the battlefield,” rather than…

Key Takeaways The Consumer Financial Protection Bureau has proposed rules that would require lenders to offer assistance to struggling homeowners before starting foreclosure proceedings.The rules mirror temporary regulations that have been in place during the pandemic.Foreclosures are relatively rare but spike during economic downturns. The government’s consumer credit watchdog is trying to make it a little harder for banks to foreclose on homes after people fall behind on their payments.The Consumer Financial Protection Bureau (CFPB) proposed rules on Wednesday aimed at making it easier for homeowners facing foreclosure to get financial assistance from lenders and help them keep their homes.The…

CENTERVILLE — Bob Ross Auto Group is breaking barriers in car sales, becoming the first African-American-owned Mercedes-Benz dealership in the nation. This is just one of the many obstacles the company has broken as it celebrates its 50th anniversary. “Who doesn’t want to get in and out of their car as a kid?” said Genell Ross, president of Bob Ross Auto Group. read moreRoss has been roaming the halls and talking about cars since she was 4. Today, she’s president of Bob Ross Auto Group, the dealership her father started 50 years ago.”I can’t believe we’ve reached this milestone, but…

news USDA survey finds farms’ financial health improving A new USDA report shows farms are taking on more debt but improving their financial situation over time. Brad Zwilling of Illinois Farm Business Farm Management tells Brownfield it’s a trend he’s been keeping an eye on. “In Illinois, it went from just over $250,000 in 2004 to over $1 million in 2023,” he says, “not because they’ve taken on debt, but because the assets behind it have really increased. You can see that by looking at the cost of machinery, the cost of land.” According to the USDA Agricultural Resource Management…

On June 28, 2024, the Supreme Court handed down its decision in Loper Bright Enterprises v. Raimondo, overturning the 40-year-old decision in Chevron v. Natural Resources Defense Council. In Chevron, the Supreme Court clarified the so-called Chevron doctrine, which states that when federal law is silent or ambiguous on an issue, courts will defer to the reasonable interpretation of the federal agency responsible for enforcing the law. In Roper, the Supreme Court reversed course and, in a 6-3 decision, held that the Chevron Principles were inconsistent with Section 706 of the Administrative Procedure Act (APA), which provides that courts shall…

Los Angeles Dodgers player Raul Mondesi, wearing uniform number 43, steps up to bat against the New York Mets during a major league game at Shea Stadium in the Queens borough of New York City circa 1996. Mondesi played for the Dodgers from 1993 to 1999. (Photo by Focus on Sports/Getty Images) Former Los Angeles Dodgers star Raul Mondesi has been sentenced to six years and nine months in prison for his role in a corruption case he was involved in while mayor of a local city in the Dominican Republic. Prosecutors allege that Mondesi, 53, embezzled $5 million while…

Editor’s note: This article was originally published by Georgia Tech’s Enterprise Innovation Institute and is reprinted with permission. In the ongoing war between Russia and Ukraine, Yevhen Popov is something of an information warrior. Popov is director of civil partnerships and research at Osavul, a Kyiv, Ukraine-based information security startup founded in 2022. The company’s software uses artificial intelligence to enable governments, non-governmental organizations, media and other private sector clients to collect and analyze data from online networks and platforms to combat disinformation and cyber attacks. The software was launched shortly after the war broke out in Ukraine. “The invasion…

On July 10, 2024, six Los Angeles restaurants and one Santa Barbara restaurant were included in Michelin’s California Dining Guide. A total of 13 restaurants are “recommended” in California that may later achieve Bib Gourmand status or even receive an actual Michelin star at the California Michelin Guide Awards Ceremony on August 5 in Half Moon Bay, California. New restaurants added to Michelin’s July listing across the region include Barra Santos in Glassell Park, Dambi, which opened just three months ago, sourdough pizza joint Gras, chef Josh Skenes’ Leopard, Mae Malai Thai House of Noodles in Thai Town, and Stella…

Exclusive insights from finance expert Ali Page on transforming your business credit approach and maximizing financing opportunitiesWYOMING, MI / ACCESSWIRE / July 10, 2024 / In response to the increasing financial challenges facing entrepreneurs, Fund&Grow announces a new free masterclass to provide business owners with the essential knowledge and tools to effectively secure business financing. The educational session is designed for both first-time and experienced entrepreneurs looking to navigate the complexities of business credit and financing without succumbing to the financial burden of high interest rates.The masterclass will be led by Ari Page, CEO of Fund&Grow and a financial industry…

On Thursday, investors will be digesting June’s Consumer Price Index (CPI), one of the most important data points that will shape the Federal Reserve’s interest rate policy going forward.The inflation report, due for release at 8:30 a.m. ET, is expected to show headline inflation slowing to 3.1% from a 3.3% increase in May. Further declines in energy prices are likely to have contributed to further downward pressure on headline CPI, which will mark the smallest annual increase since January.Month-on-month, consumer prices are expected to rise 0.1%, up slightly from the flat reading in May.Meanwhile, on a “core” basis – which…