Tim Eyman forced to sell house to pay campaign finance fines, debts

Tim Eyman, the longtime anti-tax advocate and serial initiative promoter who was found liable last year for “numerous and particularly egregious” violations of campaign finance law, has been forced to sell his house to help pay off millions of dollars of fines and debt .

A federal bankruptcy judge Thursday approved a resolution requiring Eyman to sell his portion of a Mukilteo house to his ex-wife. The $900,000 in proceeds will go toward paying off the more than $5.6 million in sanctions and legal fees he owes the state of Washington and other creditors.

Eyman was fined more than $2.6 million in February 2021 after a Thurston County judge found he had enriched himself by laundering political donations, had accepted kickbacks from a signature-gathering company, secretly shuttled money between initiative campaigns and concealed the source of other political contributions.

In the history of Washington state’s campaign finance law, “it would

Henrik Appears on Yahoo Finance to Discuss Fisker Ocean, PEAR, EV Tax Credit, & More

Henrik appears on Yahoo Finance to discuss Fisker Ocean, PEAR, production, supply chain issues, asset-light strategy, and EV Tax Credit.

Today, Henrik Fisker appeared on Yahoo Finance to talk about Q2 2022 earnings, Fisker Ocean, PEAR, reservations, production, EV tax credit legislation, and more.

Henrik talks about 55 prototypes that Magna has already built. The host asked about just starting production on the Fisker Ocean.

Henrik Fisker, CEO of Fisker Inc., on Yahoo Finance.

Henrik stressed the company has been building the Ocean with Magna for over a year. He said Fisker isn’t just starting production, rather working with an existing contract manufacturer like Magna.

Test Vehicles

The host asked about the test vehicles arriving in Los Angeles. Henrik says he is impressed with the Fisker test cars. He said having 30 years of experience in the automotive industry the vehicles are great, but he wants perfection. Henrik went on

Powell’s favorite jobs chart won’t be updated on Friday: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 am ET. Subscribe

Friday, August 5, 2022

Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn.

The July jobs report is expected to show another month of steady, but slowing, hiring in the US economy.

But the Federal Reserve’s preferred measure of health for the labor market will not be getting an update when the BLS releases its latest monthly report on Friday morning.

Earlier this week, we learned jobs openings are trending in the Fed’s preferred direction — which is lower.

In June, there were some 10.7 million jobs open in the US, down from 11.3 million the prior month and 11.9 million as of March, which marked a record high.

Job openings fell in June to 10.7 million, the fourth-straight month of declines.  (Source: FRED)

Job openings

Solana and Nomad bridge fall prey to exploits losing millions

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

This past week, the DeFi ecosystem saw two exploits, one after another, resulting in the loss of millions of dollars. First, the cross-bridge token platform Nomad became a victim of what many deemed a decentralized robbery, which saw almost $190 million drained out of their wallets.

Solana ecosystem became the victim of a widespread unknown attack that saw thousands of wallets getting drained out of all the funds. Apart from a series of exploits, Nansen admitted their negligence toward the DeFi market during the NFT boom.

The top-100 DeFi tokens had a mixed price action over the past week, with many seeing a downturn after some bullish action last week.

Nomad token bridge drained of $190M in funds in security exploit

The Nomad token

What Wall Street is saying about the shock July jobs report

The US economy added 528,000 jobs in July, pushing the unemployment rate down to 3.5%.

Ahead of this data, economists had expected the report to show just 250,000 jobs were added to the economy last month as anxiety grows about a larger slowdown in growth.

Notably, these gains completed the labor market’s recovery from the hit it took during the pandemic. President Joe Biden celebrated the report as “good news” in a statement following the data.

Still, stocks were lower on Friday as investors saw this report as a sign aggressive interest rate hikes from the Fed are likely to follow.

As former hedge fund trader Tom Hearden put it succinctly on Twitter“good news is bad.”

A deluge of reactions from economists and strategists on Wall Street hit in our inboxes following Friday’s blowout number, and Yahoo Finance rounded up some of what we got below:

Stephen Juneau, Economist,