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California voters to decide on 5% billionaire tax that aims to generate 0B

California voters will decide in November whether to impose a one-time 5% tax on billionaires under a ballot measure supporters say could raise about $100 billion to help offset federal Medicaid funding cuts, despite opposition from Gov. Gavin Newsom and other state leaders. The proposal would apply to California residents whose net worth exceeded $1 billion as of Jan. 1, 2026. Under the initiative, roughly 90% of the revenue would be directed toward health care…

Finance news

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Personal finance expert tackles ‘widespread’ financial misconceptions

Managing one’s finances can be challenging, especially when faced with conflicting — and often wrong — information fed to people, especially on social media.  Buying into common misconceptions surrounding money can be harmful, putting someone on their back foot when it comes to financial health. Jonathan Kim, a personal finance expert…

Business

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Mortgage rates tick slightly higher this week with 30-year at 6.49%

Mortgage rates ticked slightly higher this week, but were little changed, mortgage buyer Freddie Mac said on Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 6.49% from last week’s reading of 6.47% and 6.52% the week…

Markets

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Investing

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