NYT > Business · Business
Failure of California Billionaire Tax Strikes Blow to Progressive Agenda
A wealth tax on billionaires seemed like a political layup. The outcome of a California ballot initiative shows otherwise.
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NYT > Business · Business
Nvidia’s Game of Thrones
Analysts and investors are asking whether the chipmaker needs to consider a successor to Jensen Huang, its C.E.O., as the company is engulfed in a spy scandal.
Business · Business
He built a chipmaking giant. Now Jensen Huang faces his biggest test
Nvidia is facing a major test as revelations surface that he had an affair with a suspected Chinese spy.
Business · Business
California judge says she was fired after objecting to settlements with insurers seeking rate hikes
An administrative law judge says she was fired after objecting to settlements California Department of Insurance regulators reached with carriers seeking rate hikes.
Business · Business
Another California winery is struggling, being sued by lenders amid a slump in wine demand
The suit against Ehren Jordan Wine Cellars adds to a string of California winery bankruptcies, layoffs and closures as sales slump.
Business · Business
Billionaire tax rejected on concern punishing the ultra-rich would hurt California's economy
Supporters of Proposition 40, a proposal to tax California billionaires to mostly fund healthcare, faced opposition from politicians, a teachers union and other powerful groups before residents cast their votes.
WSJ.com: Markets · Business
Financial Services Roundup: Market Talk
Find insight on UniCredit, Credit Agricole, Banco BPM and more in the latest Market Talks covering Financial Services.
Business · Business
Lawmakers briefed on Nvidia affair as security concerns mount
Congressional Republicans have called on Huang himself to provide an update, warning the incident raised 'significant national security concerns.'
WSJ.com: Markets · Business
Opinion | The U.K. Aims Sanctions at Israel, Hits the Cayman Islands
Measures against the Jewish state’s banks could damage the financial-services industry in the British territory.
Business · Business
James Gunn and Peter Safran are replaced as heads of DC Studios
Skydance made the announcement Monday. Gunn and Safran will be replaced by Marvel veteran Jeremy Latcham.
WSJ.com: Markets · Business
NYSE to Settle Tokenized Stocks on Avalanche Blockchain
EXCLUSIVE: The New York Stock Exchange said it would settle tokenized stocks on its upcoming 24/7 trading platform exclusively using the Avalanche blockchain.
WSJ.com: Markets · Business
For Big Bank Stocks, Capitol Hill’s Bark Is Worse Than Its Bite
Democrats’ election victory will put Wall Street critics in key seats, but the Fed holds the real power.
Business · Business
Nvidia CEO Jensen Huang's image tarnished by board investigation and affair, analysts say
Nvidia's board of directors said Sunday it will launch an investigation into its CEO Jensen Huang, after he revealed he had an affair with a former Chinese executive.
WSJ.com: Markets · Business
Don’t Trust the Market’s Knee-Jerk Reaction to the Midterms
There are usually good reasons for politically driven trades. Yet they often prove catastrophic once the postelection hype settles down.
WSJ.com: Markets · Business
DoorDash Shareholders Aren’t Convinced the Company Can Take On Amazon
Following Instacart acquisition plans and an Amazon deal with rival Uber Eats, DoorDash stock is on sale.
Business · Business
Great America, the Bay Area's premier theme park, is closing for good. Here's when
Great America, the beloved hometown theme park for generations of Northern Californians, has announced there will be one more season of roller coasters and funnel cakes before the gates close for good.
Business · Business
El Pollo Loco says fans flocked to its chicken during the cyclosporiasis outbreak
El Pollo Loco posted positive third quarter earnings on Thursday and has seen its shares rise nearly 50% so far this year.
Business · Business
California's 'billionaire tax' is still undecided. Here's where Proposition 40 stands
How each county in California voted for the billionaires tax Proposition 40 and its two counter ballot measures, Proposition 41 and 42.
Business · Business
California picks a new insurance commissioner and she's a San Francisco progressive
Former San Francisco Supervisor Jane Kim declared victory Friday in the race to be California's next insurance commissioner, with veteran legislator Ben Allen conceding.
Business · Business
Tesla will phase out Cybertruck production next year, Musk says
Tesla Chief Executive Elon Musk said that the company will be winding down production of the Cybertruck at its Texas factory next year.
Business · Business
No one wanted this Long Beach home until waves crashed into its living room
An oceanfront home on the Long Beach Peninsula couldn't find a buyer at $4.95 million. But after it was damaged by massive waves, its price dropped and it's getting plenty of interest.
WSJ.com: Markets · Business
Opinion | There’s No Such Thing as a Stock-Market Bubble
In 1999, just as today, when share prices fall, it isn’t a delusion correcting. It’s uncertainty resolving.
WSJ.com: Markets · Business
Norway’s Oil Fund Reaches $224.5 Million Settlement With KPMG Over SVB Collapse
Norges Bank Investment Management and co-lead plaintiff Sjunde AP-fonden, Sweden’s state pension fund, reached a $224.5 million settlement in principle.
Business · Business
Clifton's quietly reopens with plans to become an immersive, Meow Wolf-inspired megaspace
The new operators have grand dreams for the famed downtown venue, including a long-running, never-ending, 'Dungeons & Dragons'-inspired game.