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The measure's failure is a win for Democratic leaders who opposed it, including Gov. Gavin Newsom, who's deciding whether to run for president in 2028. Critics of the tax, known as Proposition 40, said it would have prompted ultrawealthy taxpayers to leave the state. The "no" side raised roughly 10…
HONG KONG — China’s trade surplus exceeded $1 trillion for a second straight year, according to official data released Tuesday, as pressure mounts for greater balance in trade with Beijing. Exports in October surged 35.2% from a year earlier, the customs agency said. Exports have grown rapidly this year, supported…
November 9, 2026 — 10:31am The AI building boom that is powering the global economy could force interest rates to remain higher, the Reserve Bank’s chief economist has warned, while revealing there are few signs the new…
At this point, let me deliver the usual disclaimer that my views are my own and do not reflect those of the Commission or any of the other Commissioners. But first, let’s discuss the Commission’s proposal to apply Reg ATS and Reg…
Published - November 10, 2026 01:04 pm IST - New Delhi The Commerce Ministry's investigation arm, DGTR has 'suo-motu' initiated probes against the alleged dumping of aluminium products by China, Malaysia, Vietnam, and Thailand as India seeks to guard MSME units against cheap imports from these countries, according to a…
Wall Street brokerages including Morgan Stanley and UBS called last week’s rout in the AI trade overdone, arguing that the risks of extreme regulation of data center developments under a Democrat-controlled Congress are unlikely to play out. They instead pointed to Anthropic’s IPO and Nvidia’s upcoming quarterly earnings as events…
Jeff Bezos says the two-paycheck household is about to become optional, and for one couple in their late 50s, acting on that forecast now would cost about $630,000 in retirement money by the time the spouse who quits turns 67.…