California’s 200-plus billionaires are officially in the clear. The latest episode of “How to Tax a Billionaire: California Edition” — featuring plenty of drama, tech celebrities, and a big pot of money at stake — ended with a failed vote on Monday. Californians who went to the polls rejected Proposition 40, which would have imposed
China is stepping up efforts to shore up its stock market after a sharp reversal in the AI trade sent technology stocks tumbling. On Monday, Beijing announced a new round of central bank swap operations to support stocks, saying 31 securities firms and fund managers had applied for more than 100 billion Chinese yuan, or
Artificial intelligence has become such a powerful force in financial markets that semiconductor stocks are now doing more to explain movements across asset classes than oil prices, according to Goldman Sachs. “Tech has become an increasingly important driver of risk appetite,” Goldman analysts wrote in a note published on Monday. The bank found that exposure
Meta CEO Mark Zuckerberg has agreed to keep living in Silicon Valley for eight years, potentially exposing himself to billions of dollars in one-time taxes if California voters approve a contentious ballot measure next month, according to a company regulatory filing released Wednesday. During a dinner with Meta board members on September 9, Zuckerberg informed
An airstrike has killed at least nine people in an area of Yemen controlled by Iran-backed Houthi rebels as fighting escalates with Saudi-backed forces. Meanwhile, the U.S. ambassador to Israel condemned a settler attack on an American journalist that left her needing surgery, in some of the latest violence in the Israeli-occupied West Bank. Here is the latest news
Katie Zacharia’s run as White House press secretary lasted five days, and memes about her exit are rolling in. There is someone who can relate: Anthony Scaramucci, whose brief stint as Trump’s White House communications director in July 2017 became a pop-culture unit of time — a “Scaramucci,” or “Mooch” — for measuring short-lived political
