California’s billionaire tax faces defeat, but Democrats plan higher taxes on the wealthy
The likely defeat of the California billionaire tax may energize Democrats in Congress to propose federal tax hikes on high earners, according to tax experts.
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US Companies Announce Fewest October Job Cuts in Three Years
US employers announced the fewest number of job cuts for any October since 2023, while hiring plans picked up as companies began gearing up for the holiday-shopping season. Christopher Hodge, Chief US Economist with Natixis, discusses the…
Media Obscure Enormity of Trump Corruption
Why would a majority of the public believe that Republicans and Democrats are equally corrupt? A FAIR study suggests that media play no small role.
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State-Driven Data Center Backlash Reshaping the AI Trade
The Democratic sweep of Congress and a handful of governor races sent stock prices spiraling for so-called neoclouds. With contests swinging toward candidates promising tougher restrictions on building data centers and other…
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Dhillon Plans DOJ Civil Rights Exit After Democrats’ Sweep
Harmeet Dhillon plans to step down from her role leading the Justice Department’s civil rights unit, marking the first senior DOJ official to resign following Democrats’ massive midterm wins.
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Zillow Moves on Weak Results; Dutch Bros Reduces Guidance | Stock Movers
On this episode of Stock Movers: - Zillow (Z) is moving after it posted weaker-than-expected results and signaled that adjusted earnings in the next quarter could be the weakest in three years. - Expedia (EXPE) shares are dropping even…
Trump's energy deals are about to face a wave of investigations by Democrats
Democrats are certain to scrutinize the U.S. intervention in Venezuela, administration mineral deals and the cancellation of previously fund energy projects.
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Votes and Verdicts: Navigating Sector Impacts of Dems’ Blue Wave
The US midterm elections have reshaped the policy landscape for the final two years of President Donald Trump’s term, with Democrats winning control of both the House and Senate and ushering in a divided government. On Nov. 4, Bloomberg…
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More Babies in US Are Dying After Parents Refuse Vitamin K Shots
Parents of newborns in the US are rejecting once-routine vitamin K shots at an increasing rate, and the number of babies who experience the potentially deadly bleeding that it’s designed to prevent is on the rise, a new study shows.
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Midterm Results Have Israel Fearing its US Alliance Is Broken
Is Israel’s rock-solid bipartisan American support crumbling? Dan Williams explains what sweeping Democratic midterm wins mean for the alliance. (Source: Bloomberg)
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AI Selloff Is a 'Modest Wave' in a Multiyear Cycle, Bernstein's Chaloff Says
Bernstein Private Wealth Management CIO Alex Chaloff says the selloff in AI stocks is creating buying opportunities in the market. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)
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BOE's Bailey Says Second Hike More Likely If Oil Stays High
Bank of England Governor Andrew Bailey said another interest-rate hike is "probably more likely than not" if the high energy costs seen in recent weeks return. He made the comments in an interview with Bloomberg's Francine Lacqua after the…
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Ken Leech Should Serve at Least One Year in Prison, US Says
Federal prosecutors are asking that Ken Leech, the former Western Asset Management Co. co-chief investment officer who pleaded guilty to lying to the SEC, serve at least one year behind bars.
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Paraguay’s Peña Resigns Amid Ueno Bank Crisis, ABC Reports
Paraguayan President Santiago Peña stepped down Thursday, local outlet ABC reported, as lawmakers kicked off a debate over his impeachment after the collapse of a major commercial bank with ties to his government plunged the South American…
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Sony Debuts Retro $60 Wired Headphones in Tribute to 1979 Walkman
Sony Group Corp. introduced an inexpensive pair of wired headphones, joining a growing trend in what it called “a nod to both the ‘80s Walkman era and today’s retro tech revival.”
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Shield AI To Hit $28.8 Billion Value With $5.3 Billion Radar Acquisition
Defense tech startup set to acquire Echodyne Corp., which sells radar sensors to government and commercial customers.
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Data Centers Are Running Out of People Who Know How to Run Them
Companies racing to build AI infrastructure are promising raises, bonuses and promotions to lure technicians from rivals.
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More Americans Are Relying on Inheritance to Buy First Home
First-time homebuyers are not only historically old but also increasingly reliant on family wealth.
Marc Lore's Wonder confidentially files for IPO
Marc Lore's latest startup Wonder has confidentially filed for an initial public offering.
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Chipmakers Selloff Leads Nasdaq 100 Down 5%
Sarah Hunt, Alpine Saxon Woods chief market strategist, reacts to the chipmaker selloff which pulled down the Nasdaq 100 by 5% in early trading on Thursday. Some investors are worried a Democratic sweep of Congress could mean tighter…
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Robo Block Shows China’s Long Reach in M&A
Beijing says no to SoftBank’s attempted takeover of ABB robotics unit, and more sensitive deals could follow.
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Treasuries Soar as Tech-Stock Selloff Stokes Haven Demand
Treasuries surged as a Democratic sweep in the US midterms led to a selloff in shares of large US technology companies, stoking demand for havens.
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Ex-Moore Money Manager to Return Cash From His Hedge Fund
Paul Yablon, a former Moore Capital Management portfolio manager, is returning all external cash from his digital-focused hedge fund Room40 Capital.
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Nasdaq Sinks as Chipmaker Selloff Deepens, Midterm Blame Game
Source: Bloomberg, 0:00
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