A proposed wealth tax on California's ultra-rich has ignited a fierce debate, pitting tech billionaires against a coalition of millionaires who argue it's time for the wealthy to pay more. The fight echoes past battles over Silicon Valley's influence and raises questions about the state's economic future.
Asian markets opened cautiously Monday as a historic metals sell-off reverberated across asset classes. Bitcoin slipped toward $75,000, while regional equities mostly fell. Investors brace for a critical week packed with corporate earnings, central bank decisions, and key economic data.
Global markets stumbled on Monday, with Asian shares and U.S. futures declining sharply. The sell-off was led by a significant pullback in South Korean tech stocks amid renewed concerns over an AI sector bubble, while oil prices dropped over $2 per barrel.
Global markets opened the week under pressure, with Asian shares and U.S. futures declining amid renewed concerns over an AI sector bubble and falling commodity prices. South Korea's Kospi led losses with a sharp 4.6% drop.
The vital Rafah border crossing between Gaza and Egypt has partially reopened for a trial period, allowing a restricted number of Palestinian civilians to cross. This move implements a key provision of the U.S.-mediated ceasefire, though severe limitations and high costs cast doubt on its immediate humanitarian impact.
Precious metals markets experienced one of their most volatile weeks on record, with silver plummeting 26% and gold dropping 9% in a dramatic reversal. The sell-off, triggered by shifting U.S. policy expectations, laid bare the market's recent dependence on speculative flows from China, raising questions about stability ahead of the Lunar New Year.
Apple posts its strongest revenue growth in years, driven by a surprising iPhone resurgence and robust performance in China. Yet, the stock's muted reaction highlights investor focus on its premium valuation.
Shares of the global auto parts giant have retreated nearly 8% over the past month, trading at a significant discount to industry peers. A deep dive into valuation models suggests the market may be overlooking Magna's strategic positioning in the electric vehicle supply chain.
Integral Ad Science appoints Horizon Media's Bob Lord and Amazon's former video ad chief Krishan Bhatia to its board, a move analysts say sharpens its focus on the convergence of streaming, data, and advertising technology.
A major stake increase by O'Donnell Financial in the iShares AAA CLO Active ETF (CLOA) highlights institutional interest in high-grade, actively managed securitized credit as a source of yield in a complex rate environment.
Atkore International is set to report its quarterly earnings Tuesday morning. Investors will be watching closely to see if the company can overcome recent headwinds in the electrical systems sector and meet Wall Street's forecasts.
A former Google employee has filed a formal complaint with the SEC, accusing the tech giant of breaching its own AI ethics principles by providing customer support to an Israeli defense contractor using AI to analyze drone footage, according to documents obtained by The Washington Post.
BellRing Brands prepares to release its fourth-quarter financial results, with analysts forecasting a revenue dip. The report comes as investors gauge the resilience of the shelf-stable nutrition segment.
A private gauge of China's manufacturing activity edged higher in January, defying expectations of a slowdown, as export-oriented firms outperformed. The reading contrasts with weaker official data, highlighting a two-speed industrial sector amid persistent domestic headwinds.
Benchmark Electronics (NYSE:BHE) is set to report Q4 earnings after Tuesday's market close, with analysts forecasting a return to revenue growth. The electronics manufacturing services provider enters the report on a strong note, having outperformed expectations last quarter.
As Pfizer prepares to report its fourth-quarter results, investors are weighing the company's strategic pivot beyond its COVID-19 portfolio against a backdrop of expected revenue declines. The report may set the tone for the broader pharmaceutical sector.
The podcast network, often dubbed the 'National Geographic of audio,' is strengthening its executive team and acquiring The Listening Party as it strategically pivots to include more video content and multi-platform storytelling.
Iranian opposition figures allege recent state media images of Supreme Leader Khamenei are a calculated display meant to bolster morale within the security apparatus, as the regime confronts domestic unrest and international pressure.
A new $45 fee for air travelers lacking a REAL ID or other approved identification is now in effect. The TSA's ConfirmID program aims to shift processing costs to non-compliant passengers, urging advance online payment to avoid airport delays.
In a striking departure from diplomatic norms, Prime Minister Keir Starmer has publicly called on the disgraced Duke of York to provide evidence to the U.S. Congressional investigation into Jeffrey Epstein. The intervention signals a collapse of the traditional political shield around the monarchy and intensifies legal and reputational pressures on Andrew.
