California’s proposed wealth tax sparks billionaire exits, Silicon Valley backlash, and debate over entrepreneurship and innovation.
Browsing: Finance
Trump freezes $10 billion in child care aid over fraud concerns, impacting Democratic-led states and low-income families.
Democrat Tina Shah tops $1 million fundraising, boosting momentum in New Jersey’s highly competitive 7th District House race.
Precious metals rally in early 2026 as gold prices rise on geopolitical risks and expectations of U.S. rate cuts.
Elon Musk claims massive tax payments broke IRS systems, spotlighting U.S. tax distribution, Tesla stock sales, and billionaire wealth.
Viral video exposes alleged Minnesota daycare fraud as FBI Director Kash Patel vows action over misused taxpayer funds.
Bank of America CEO Brian Moynihan warns markets could react negatively if the Federal Reserve’s independence is undermined.
China launches massive state-backed venture capital funds to boost hard technology innovation and strategic emerging industries.
The Trump administration is set to begin garnishing wages of student loan borrowers who have fallen into default starting in early January
Johnson & Johnson ordered to pay $1.56 billion after jury links talc baby powder asbestos to cancer in landmark verdict.
Democratic-led states sue CFPB, challenging White House funding block as unconstitutional and raising major separation of powers questions.
SoftBank races to secure a $22.5 billion funding commitment for OpenAI, reshaping its investments to dominate the AI race.
ChatGPT mobile app crosses $3 billion in global spending, highlighting rapid AI adoption and subscription-driven growth.
The Powerball jackpot is expected to climb to an estimated $1.5 billion for Saturday night’s drawing, ranking as the fifth-largest jackpot in the game’s history
Forbes 30 Under 30 honoree Kalyani Ramadurgam uses AI at Kobalt Labs to modernize financial compliance.
Ray Dalio and Michael Dell back Trump accounts for kids, seeding investment accounts to build generational wealth.
Nearly $7 million in SNAP benefits allegedly trafficked amid 2025 shutdown disruptions, raising concerns fraud and food security.
Oracle faces mounting investor concerns as data center financing setbacks, rising debt, and stock decline cloud its AI ambitions.
Waymo plans $15 billion funding at $110 billion valuation, expanding robotaxi services as Alphabet eyes profitability by 2027.
Indian American stylist Suhail Kwatra faces $400,000 fraud and larceny charges linked to Saks Fifth Avenue returns scheme.
Pennies from the final minted set of the coin sold for over $16.76 million at an auction on Thursday, according to Stack’s Bowers Galleries in California
Trump sues BBC for $10 billion over alleged defamation in Jan. 6 documentary, raising media accountability questions.
Amazon cuts 84 Washington jobs, citing routine business reviews, separate from earlier 14,000 layoffs and ongoing restructuring.
Roomba maker iRobot files for Chapter 11 bankruptcy amid Chinese competition, tariffs, and acquisition by Picea Robotics.
Chinese billionaires increasingly use U.S. surrogates to build large families, raising ethical, legal, and citizenship concerns.