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Two economists debate what California's vote on Prop 40 means for the wealth tax movement.
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Shares sank, with the tech-heavy Nasdaq dropping over 5%, as investors reacted with fear that a Democratic Congress — and states across the country -— would crack down on AI and data centers. -
A new report finds generational wealth is widening the divide between homebuyers and those priced out. The median age of first-time buyers also remains at a record high. -
A new Democratic majority in Congress could pressure the president to end the war in Iran. But it will be harder for them to directly affect fuel prices, which are tied to a complex international oil market. -
Some Americans squeezed by high prices are relying more on their local libraries for things like books, streaming services and high-priced items like musical instruments and sewing machines. -
Some of the state’s wealthiest residents have spent hundreds of millions to defeat Prop. 40, the “billionaire tax.” Supporters say billionaires should pay their “fair share” and help fund social services. -
Measure A will extend San Diego County supervisor term limits. It'll also create new budget analyst and program auditor positions, along with an ethics commission. -
North Korean hackers pulled off the biggest cyber heist ever by duping a Binance engineer into thinking he was being recruited for a job, the crypto exchange says. -
A new California law will require colleges and universities to clearly inform students how to request additional financial aid if they believe their awarded amount is not enough. Institutions must also publish how they calculate their costs of attendance, which is used to determine how much financial aid students receive. -
What happens in California could shape how America taxes the superrich. But will its billionaire tax fill state coffers — or drain them? -
Saying the president was "grasping at straws," a federal judge on Saturday threw out Donald Trump's $10 billion lawsuit against The Wall Street Journal and media mogul Rupert Murdoch over a story reporting on his ties to Jeffrey Epstein.
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