Join Us Saturday, June 27
The California billionaire tax is headed to the ballot. The ultrawealthy are bracing for what comes next.

The California wealth tax is one step closer to becoming reality.The proposed tax measure, which would require billionaires to pay a one-time tax equal to 5% of their net worth, will appear on the ballot in November after opponents, including Gov. Gavin Newsom, failed to cut a deal with the union behind it before the June 25 deadline.Now the 200-plus billionaires in California — which has more of them than any other state and most…

Business

View More
Polestar blocked from US sales under China-linked vehicle crackdown

Polestar said on Thursday that the Trump administration is forcing the electric vehicle maker to stop selling vehicles in the U.S. starting with the 2027 model year under a new regulation cracking down on China-linked automakers. The Commerce Department’s Bureau of Industry and Security (BIS) declined to grant Polestar authorization…

Investing

View More