
Two economists studied California's billionaire tax. They reached wildly different conclusions
What happens in California could shape how America taxes the superrich. But will its billionaire tax fill state coffers — or drain them?
Jobs, prices, markets, and the politics of money.

What happens in California could shape how America taxes the superrich. But will its billionaire tax fill state coffers — or drain them?
The 2027 budget will rise 12.8% to 820.9 trillion won, and will include a 21.3 trillion won investment into semiconductors, physical AI and AI data centers.
A cruise ship suspended operations suddenly, citing soaring fuel costs. Passengers, including Randy Cassingham, had to disembark in Cambodia. NPR's Ayesha Rascoe talks to Cassingham about the ordeal.
There was a mixed Halloween bag of economic news this week. GDP growth is up, but so are prices. For now at least, interest rates are staying the same. What does that mean for the midterm elections?
U.S. Secretary of State Marco Rubio is hosting the G20 foreign ministers' meeting in Atlanta, with a focus on economic and security challenges.

Residents are fighting back against plans for a project that would span thousands of acres near the Monongahela National Forest and popular outdoor recreation, ski areas and dark sky sites.
The euro zone showed surprising resilience, but weak productivity, industrial competitiveness challenges and demographic pressures remain, analysts said.