Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
An effort to ban smoking from state beaches and parks went up in smoke last year when California Gov. Jerry Brown vetoed the measure as "too broad." But the legislature last month passed several new bills with different approaches to tackling the issue of second-hand smoke —and now it's up to Brown whether to sign or reject them.
One of the bills on Brown's desk, Assembly Bill 1097, would ban smoking or vaping only in designated picnic areas of state beaches and parks. The bill also slaps a fine of $25 for smoking in picnic areas or littering beaches in the Golden State with cigarette waste.
The measure Brown vetoed last year was broader and barred smoking or vaping even in areas of state beaches that were not designated as picnic space. In vetoing last year's bill, the Democratic governor said: "If people can't smoke even on a deserted beach, where can they? There must be some limits to the coercive power of government."
In contrast, New Jersey Gov. Phil Murphy signed a bill in July to ban smoking on state beaches and parks. "We're not just taking action on a critical health issue in our state, but a critical environmental issue," Murphy said the day he signed the bill.
The New Jersey smoking ban on state beaches and parks goes into effect next year. But already there is also an effort to expand the Garden State's smoking ban to apply to boardwalks.
Meantime, California's governor has until Sept. 30 to decide on the AB-1097 and two other bills that involve the smoking issue on state parks or beaches. A spokesman for the governor declined to comment on his position on the measures.
California Assemblyman Marc Levine, D-Marin County, told CNBC in an interview that Brown was "quite flippant" in his veto message last year. However, Levine, who introduced AB-1097, said the new bill is more focused so he's hopeful it will get the governor's signature.
"We shouldn't be flippant about the dangers of second-hand smoke," Levine said. "We know it causes cancer and cancer kills. We also know that cigarette butts leach toxic chemicals into our environments and to wildlife."
At the same time, Levine said AB-1097 could help prevent wildfires by eliminating cigarette butts in designated areas. California has suffered several catastrophic fires in the past year, including wildfires over the summer that closed state parks in northern and southern portions of the state.
Levine said his bill focuses on designated picnic areas within state parks and beaches so it's "just like restaurants where people are not allowed to smoke. And bringing this type of law into law to protect these spaces from the dangers of cigarette butts and second-hand smoke makes sense. It's a logical next step."
According to the Ocean Conservancy, cigarette litter continues to be the most commonly found waste item on beaches. In 2015, the nonprofit environmental group estimated over 2 million pieces of cigarette butt litter were retrieved from U.S. beaches.
SB-836, introduced by Steve Glazer (D-Orinda) would fine people $25 for smoking in state beaches or for improperly disposing of used cigarettes or cigars. It would also allow the state to exempt some areas of the park from smoking prohibition. Similarly, SB-835 would carry the same restrictions but apply solely to state parks.
"Any measure that would reduce the actual amount of smoking on the beach – and the related debris – is a great thing in our eyes," said Matthew King, a spokesman for Heal the Bay, a nonprofit group focused on Greater LA's coastal waters and watersheds. "It will improve public health and the health of our shorelines."