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Nancy Pelosi’s husband could face misdemeanor charges after hit-and-run that caused ‘major damage’

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Nancy Pelosi’s husband could face misdemeanor charges after hit-and-run that caused ‘major damage’



Former House Speaker Nancy Pelosi‘s husband was involved in a hit and run on Friday in California’s wine country that left one car with “major damage,” according to local authorities, who said that the 86-year-old could face misdemeanor charges for the collision.

Paul Pelosi was driving his brown convertible in Yountville, a small town in the heart of wine country in Napa County, when he struck a legally parked car on the side of the road, briefly stopped and then drove away, Napa County Sheriff’s department said in a news release on Saturday. There were no reported injuries.

A witness saw the collision and called 911. Shortly after, sheriff’s deputies then found Paul Pelosi with severe damage to the front of his car on a nearby road roughly one quarter of a mile away. The octogenarian told officers that he knew he hit something but wasn’t sure when or what caused the damage to his car.

Paul Pelosi didn’t have any alcohol in his system at the time of the crash, according to the statement. The sheriff’s department referred Paul Pelosi to the California Department of Motor Vehicles to initiate a process that will determine whether he is able to continue driving — a process that officials say is “common” for elderly drivers.

He wasn’t arrested, and because no one was physically injured, the sheriff’s department is recommending a misdemeanor that charges Paul Pelosi with fleeing the scene of an accident.

A staffer for Congresswoman Pelosi didn’t respond to an emailed request for comment on Saturday afternoon.

Paul Pelosi pleaded guilty in 2022 to misdemeanor charges of driving under the influence in Napa County. He was sentenced to five days in jail and three years of probation — though he only served two days in jail and received good conduct credit for two other days, leaving just one day to serve in a work program at the local courthouse.

As part of his probation, Paul Pelosi he was also required to attend a three-month drinking driver class, and install an ignition interlock device, where the driver has to provide a breath sample to prove sobriety before the engine will start. He was also ordered to pay about $5,000 in victim restitution for medical bills and lost wages and nearly $2,000 in fines.

Shortly after that crash, Paul Pelosi was attacked and severely beaten with a hammer at the couple’s San Francisco home in late 2022.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.

Apple Magic Keyboard with Touch ID & Numeric Keypad for $143.99 on Amazon

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Uber pauses Europe food delivery expansion as it pursues Delivery Hero deal, FT reports

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Uber pauses Europe food delivery expansion as it pursues Delivery Hero deal, FT reports




Uber pauses Europe food delivery expansion as it pursues Delivery Hero deal, FT reports

Ex-Goldman Sachs Wealth Manager Reveals Top 3 Investments To Build Wealth | Ayesha Ofori

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Ex-Goldman Sachs Wealth Manager Reveals Top 3 Investments To Build Wealth | Ayesha Ofori



Welcome to the Building Wealth with No Borders podcast with me, Lamide Elizabeth. Each episode, I’ll be bringing you guests from around the world to share their strategies on building wealth. Today, we’re back in London welcoming back our most watched guest of Season 1, Ex-Goldman Sachs High Net-worth Wealth Manager, serial property investor and developer and founder of Propelle, Ayesha Ofori.

Download Propelle app:
Capital at risk.

🏡 Book a consultation to invest in Dubai Real Estate –
💰 Register to join the WNB Group Investor Circle –

Download my first eBook:
Principles of Wealth Building – Daily Habits To Build Substantial Wealth
Order here 👉🏽

This show is a WNB Media production. Listen on Apple and Spotify podcasts ‘Building Wealth with No Borders’.

This podcast is for informational purposes only and does not constitute financial advice. Always do your own research or speak to a qualified adviser before making investment decisions. All investing carries risk – Stocks & Shares ISAs can fall in value and past performance isn’t a guide to the future; tax treatment depends on your individual circumstances, consider doing your own research before choosing an ISA provider.

TIMESTAMPS –
0:00 Lingering Questions: Looking after the pennies, pension & relationships
8:35 Relationships on your level
17:21 How to Get Rich – Start up investing
38:05 How to Get Rich – ISA Millionaires
45:20 The work required to get rich
1:03:00 Wealth Woe
1:07:40 Quick fire money questions

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Trump Admin Accused Of Blocking $2 Billion Congress Approved For Education Research

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Trump Admin Accused Of Blocking $2 Billion Congress Approved For Education Research


Four education organizations sued the Trump administration (PDF File) on June 30, alleging the Office of Management and Budget and the Department of Education are unlawfully blocking nearly $1.9 billion in congressionally approved education research funding — much of which expires September 30, 2026.

The Institute of Education Sciences (IES) is the federal government’s main source of education research and statistics, funding everything from studies on reading instruction to state data systems that track student outcomes. If the money isn’t legally committed before it expires, it’s gone and the research it would have funded goes with it.

The Details

The complaint targets four pots of money:

  • $793 million in IES appropriations that expire September 30, 2026
  • $789 million in IES appropriations that expire September 30, 2027
  • $50 million for the Comprehensive Centers program, expiring September 30, 2026
  • $235 million for the Education Innovation and Research (EIR) program, expiring December 31, 2026

The plaintiffs (the National Center for Learning Disabilities, Knowledge Alliance, BNP Education Partners, and the 117,000-member Massachusetts Teachers Association) allege OMB “misused the ‘apportionment’ process to unlawfully wrest control of education research spending from Congress.” Under the Anti-Deficiency Act, OMB must release, or “apportion,” appropriated funds before agencies can spend them. 

The suit says OMB withheld hundreds of millions entirely, delayed hundreds of millions more, and attached footnotes conditioning the funds on compliance with executive orders — including Executive Order 14151 (PDF File), President Trump’s order ending federal DEI programs.

The complaint also alleges OMB kept $289.5 million parked on an “unallocated” line as of February 2026, and that the Department of Education has been a “more-than-willing participant” by agreeing to spend plans that block the funding Congress directed.

Legal Questions

The major question is whether the Executive Branch can effectively cancel spending Congress already approved by slow-walking the administrative steps needed to release it. The nine-count lawsuit argues this violates the Administrative Procedure Act, the Anti-Deficiency Act, and the Constitution’s separation of powers. 

And the clock is ticking. Roughly $843 million expires on September 30, 2026, and another $235 million on December 31, 2026. The plaintiffs are asking the court to force OMB to apportion the funds and the Department to obligate them before those deadlines.

Expect a motion for preliminary relief given the timeline.

How This Connects

This is the second major legal fight over IES. As we reported earlier, a previous lawsuit challenged the administration’s dismantling of IES itself, after the administration cut roughly 90% of the agency’s staff and canceled congressionally mandated research contracts. That case attacked the capacity to do the research; this one attacks the money to fund it. Together, they will help define how much control any administration has over the future of the Department of Education — and the data students, parents, and policymakers rely on.

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Trump Administration Faces New Lawsuit Over Education Cuts

Trump Administration Faces New Lawsuit Over Education Cuts

Editor: Colin Graves

The post Trump Admin Accused Of Blocking $2 Billion Congress Approved For Education Research appeared first on The College Investor.

New study finds 62% of non-homeowners can’t afford a starter home

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Matt Schulz (pictured top), chief consumer finance analyst at LendingTree, said in the highest-cost markets, first-time buyers have very little room to work with when trying to become a homeowner. The practical solution may involve looking at other markets, if their situation allows, which could be an advantage for brokers licensed in multiple states.

“People for whom owning a home is a major priority may have options in other parts of the country if they are willing to relocate,” Schulz told Mortgage Professional America. “And today with so much remote work and that sort of thing, it feels like it’s a little more of an option than it was certainly a decade ago. There’s such a gigantic difference among the states that depending on your individual circumstances, you may be able to find a place that would work for you.”

Both coasts among least affordable

Rhode Island is the least affordable state for non-homeowners, according to the report, with just 17% able to afford the average $350,000 starter home. The median household there earns $56,581 less than the income needed to buy one.

California presents the largest affordability gap by dollar amount. The median non-homeowner household earns $67,776 less than the $140,676 income needed to afford the average $482,000 starter home, and just 21% can do it.

Schulz said East Coast cities like Boston and Providence have little room to grow against persistent demand, making the math nearly impossible for starter homebuyers.

MercadoLibre Stock Has Been Left For Dead. Here’s Why Investors Should Consider Buying More.

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MercadoLibre Stock Has Been Left For Dead. Here’s Why Investors Should Consider Buying More.


The market is soaring, but MercadoLibre (MELI +1.27%) is down 30% over the past year. Investors have soured on the Latin American financial technology and e-commerce player because of its aggressive investments, which are eroding profit margins.

It has been left for dead, with shares up only 10% over the last five years, while the broad market S&P 500 index is up close to 100% over the same timeframe. However, it’s at this moment that MercadoLibre looks like a fantastic investment for anyone with a time horizon longer than next quarter. Here’s why you should consider buying even more of MercadoLibre as the stock inches lower.

Today’s Change

(1.27%) $22.12

Current Price

$1764.31

Playing the long game

MercadoLibre operates in two sectors with some strong overlap: financial technology and e-commerce. In e-commerce, it is building an “everything store” similar to Amazon in Latin American countries, investing in fast delivery, a wide selection, and a bundled subscription offering.

Its current crop of investments in free delivery for close to all orders in Brazil has temporarily reduced profit margins. At the same time, it has accelerated revenue growth in the country. In Q1 2026, total commerce revenue grew 47% year over year last quarter in constant currency, on top of 57% growth in the same quarter a year ago.

More buyers, more shopping volume, and more revenue are being spent on MercadoLibre’s e-commerce marketplace. This will mean a short-term hit to margins, but it should also lead to a long-term competitive advantage for the business. The same can be said for its MercadoPago consumer finance segment. MercadoPago is accelerating its acquisition of credit card customers to deepen its relationship as a banking application and drive more spending on the MercadoLibre online marketplace.

When a credit card customer is acquired, it requires the bank — in this case, MercadoLibre — to allocate loan losses over the life of the customer relationship, which means an upfront hit to margins if many customers are acquired. With all these new credit card customers, MercadoLibre’s fintech revenue grew 54% year over year last quarter.

Overall, MercadoLibre’s revenue is growing 46% year over year in constant currency, making it one of the fastest-growing large-cap technology players today. However, investors are still not happy because of the short-term hit this accelerated growth has had on profit margins.

A person looking at a phone and holding a cardboard box.

Image source: Getty Images.

Why MercadoLibre’s stock is cheap today

Last quarter, MercadoLibre’s overall operating margin fell to 6.9%, and it may fall further in the quarters ahead due to the upfront investments discussed above. This has investors very nervous, but it should not be misconstrued as MercadoLibre losing its lead in e-commerce and consumer finance in Latin America.

Long-term, MercadoLibre should be able to regain or surpass its previous high profit margin of 16%, if not exceed it, due to increased scale, higher-margin fintech revenue, and faster-growing advertising revenue (which is growing faster than the overall business). Combined with a business with a long history of growing revenue at a fast, double-digit rate, it is plausible that the company’s revenue of $31.8 billion could climb to $100 billion over the next five years or so. A 15% profit margin would equate to $15 billion in earnings for MercadoLibre five years from now.

Today, MercadoLibre’s stock trades at a market cap of $88 billion. Assuming the stock trades at 20x earnings five years from now — which is a reasonable level for a fast-growing stock, if not a discount — then MercadoLibre will have a market cap of $300 billion within five years. Buying at today’s market cap would deliver north of 20% annualized returns before dividends or buybacks, likely beating the market. This makes MercadoLibre an easy stock to buy on the dip right now.

U.S. Eagle Federal Credit Union $90 Referral Bonus

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U.S. Eagle Federal Credit Union $90 Referral Bonus


Update 7/4/26:T&Cs now state it has been extended until 12/31/26 but referral links still say 6/30/26

“2. Promotional Period. The Promotional Period for the Company’s 90 Year Anniversary Referral Program is between September 1, 2025 and December 31, 2026.”

Hat tip to reader Bedu

Offer at a glance

The Offer

Direct link to offer, don’t share your referrals in the comments below. You can share them in this linked post. 

  • U.S. Eagle Federal Credit Union is offering a $90 referral bonus to both parties. To receive the bonus the person signing up must meet one of the following requirements:
    • Any checking account with direct deposit
    • A share certificate ($1,000 minimum)
    • A loan or credit card

The Fine Print

  • While each shareable link provided may be used for up to 25 simultaneous referrals, the number of referrals you may make is limited to 5 ($450 total). 
  • Each new member, however, may only be referred once. But then they’ll have referral sharing, too after their first 30 days of membership.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Life essentials checking has a $5 monthly fee. This is waived with e-statements, or if the primary account holder is under 18 or over 65.

Early Account Termination Fee

Wasn’t able to find a fee schedule so unsure. 

Our Verdict

Normally we won’t post a bank bonus unless it’s for $100+ but given there is a referral element we made an exception. Just keep in mind you won’t be able to share referrals for 30 days after you sign up and the promotion ends 6/30. Don’t share your referrals in the comments below. You can share them in this linked post. 

Hat tip to ShawntheShawn

Useful posts regarding bank bonuses:

Spotify slashes streams of hit after suspicious Kalshi activity

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Spotify has removed more than 500,000 registered streams from Malcolm Todd‘s Earrings, after the song’s rise to No. 1 on the platform’s daily US chart was tied to bets placed on the prediction market Kalshi.

Kalshi is a US prediction market, regulated by the Commodity Futures Trading Commission, on which users stake real money on future events – including which song will be the most-streamed on Spotify in the US in a given month.

This appears to create a troubling incentive: a trader holding a large enough position on a track hitting No. 1 could attempt to profit by buying artificial streams to push it there, with the potential winnings dwarfing the cost of the fake plays.

The surge in plays of Earrings was first reported by the Financial Times, which said streams of the track had climbed around 70% in a single day to reach No. 1 on Monday (June 29) for the first time.

Bloomberg reported that Spotify spotted and removed more than 500,000 artificial streams that it did not believe came from genuine listeners, citing a person familiar with the matter, with the track falling back to No. 4.

“All streaming services face ever-changing stream manipulation,” Spotify said in a statement. “Spotify has best in class detection and mitigation practices for manipulated streams, and we don’t pay out associated royalties.”

There is no suggestion that Todd or his team was involved in the manipulation.

Spotify has also demanded both Kalshi and Polymarket remove its logo from their sites, in a drive to make clear that neither company has a partnership with the streaming service.

Kalshi‘s COO and co-founder, Luana Lopes Lara, told Billboard in late April that, at that point, trading on the platform’s music ‘contracts’ had already topped USD $400 million in 2026.

By the time the streams for Earrings were stripped, the inflated figures had already been used to settle a Kalshi market on the most-streamed Spotify song in the US in June – a ‘contract’ that had attracted around USD $3 million in trading, according to Bloomberg.

Kalshi had already paid out bettors on the market based on the flawed figures before the manipulation was confirmed.

“We’re in touch with Spotify and are actively investigating this matter,” a Kalshi spokesperson said.

Earrings had sat inside the top five of Spotify‘s daily US chart for weeks before the one-day spike.

The suspicious activity was reportedly flagged to Spotify by a Kalshi trader who analyzes the service’s streaming data to place bets on its charts, and who questioned how Earrings could have topped them.

Earrings originally appeared on Todd‘s 2024 mixtape Sweet Boy, and was released as a single to US pop radio on April 14 by Columbia Records, part of Sony Music, following a resurgence on TikTok.

A source at Spotify told The Hollywood Reporter that the company would begin “adding additional checks to the charts before they’re published.”

Spotify has taken similar action before, removing tracks uploaded via the AI music app Boomy in 2023 after detecting artificial streaming.

In June, a US federal judge dismissed a proposed class action that accused Spotify of allowing “billions” of fraudulent streams to inflate the play counts of Drake and other artists.

Kalshi currently lists dozens of ‘contracts’ tied to Spotify and Billboard chart results.Music Business Worldwide

How Some Investors Grow Their Wealth Long Term #stockmarket #investing

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How Some Investors Grow Their Wealth Long Term #stockmarket #investing



The Secret Behind Long-Term Wealth Creation

In this video, we break down a smart wealth creation strategy using:
Fixed Deposit (FD)
Overdraft / Loan Against FD
Commercial Real Estate
Rental Income
Mutual Funds
Compounding Power

Learn how wealthy people use leverage, passive income, and long-term investing to multiply their money instead of letting it sit idle in the bank.

Topics Covered:
• How FD works for wealth creation
• Loan / Overdraft against FD explained
• Commercial property investment strategy
• Rental income & passive cash flow
• Mutual fund compounding strategy
• Long-term investing mindset
• Asset creation using leverage
• Smart money management techniques
• How rich people grow wealth
• Financial freedom through investing

This video is for educational purposes only and not financial advice.

#wealthcreation #mutualfunds #realestate #fd #compounding #finance #passiveincome #investmentstrategy #stockmarketindia #financialfreedom

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