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Proposition 40 would impose a one-time 5% tax on the wealth of Californians whose net worth exceeds $1 billion, with most of the revenue dedicated to replacing federal funding cuts to healthcare.
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A bigger test for the benchmark could come around 24,800.
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Michael Hart, President at the American Chamber of Commerce in China, discusses business sentiment among American companies in China following the US midterm elections. He speaks with Minmin Low on the sidelines of the China International…
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Rob Pohly’s Samlyn Capital is dismissing senior analysts after selling off its exposure to nearly every industry except global financials, as it pivots to focus on that sector.
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John Woods says the sharp pullback in AI-exposed stocks is a positioning-driven correction rather than a sign of deteriorating market fundamentals. (Source: Bloomberg)
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ME/CFS patients battled for recognition as researchers struggled for funding. The pandemic finally gave science the scale to start finding answers.
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NASA announced plans to host a US aerospace event to rival other global air shows, which it would like to be the venue where Boeing Co. unveils its next commercial airplane.