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Billionaire Sergey Brin is building political infrastructure that will last beyond his $102 million fight against Prop 40

Building a Better California is spending on more than just the wealth tax.

By Joshua HongNovember 2, 2026

Voters usually decide one or two income or wealth tax measures a year. This midterm season, there are nine

Colorado, Washington and Cook County voters will also weigh taxes on top earners, while other states move to make taxes harder to raise.

By Catherina GioinoNovember 1, 2026

China sees the yuan vs. dollar rivalry like Pepsi vs. Coke, expert says — ‘never the market leader, but serviceable in a pinch’

“Without a far larger pool of renminbi assets that foreigners can freely buy and sell, the renminbi cannot come close to replacing the dollar.”

By Jason MaOctober 31, 2026

If California undid its ‘original sin’ and matched Texas on taxing property, it would raise more revenue than the billionaire tax, economists say

“It is simply not possible to fund the state’s needs by leaning on a few hundred people, as politically appealing as that may be.”

By Jason MaOctober 31, 2026

More in North America

The anti-Skydance: How a Nike billionaire’s backing lets Laika spend a reported $100 million on ‘Wildwood’

The studio behind ‘Coraline’ is run by the Nike co-founder’s son, and its films rarely make money at the box office.

By Andrew McGowanNovember 1, 2026

Gen Z is ditching the family SUV for the humble sedan U.S. carmakers gave up on. Now, Ford and GM are reconsidering

Eight of Gen Z’s 10 most commonly driven models are sedans, new data shows. Affordability is a big reason, and Ford and GM, which abandoned the segment, are reconsidering.

By Bilin LinNovember 1, 2026

‘The best thing that you can do for your career is to make yourself redundant’: Inside Stellantis’ AI push after the ‘starting gun went off’

That’s the advice of Stellantis’ CTO, who plans to hire hundreds more anyway. AI is shrinking weeks into days, but it can’t tell you what car to make.

By Nick LichtenbergNovember 1, 2026

Hackers pushed freezers at hundreds of French supermarkets to 122 degrees. Now the Pentagon is asking whether the same thing hit U.S. military bases

More than half a dozen U.S. military commissaries experienced refrigeration failure in August, and cybersecurity experts suspect a possible connection.

By Sasha RogelbergNovember 1, 2026

More in Asia

2026 was meant to be the Philippines’ year—yet the country remains stuck in an ‘recurring cycle of underachievement’

What was meant to be a breakout year, highlighted by the Philippines’ turn as ASEAN chair, has instead become a case study in how it keeps falling short.

By Sam BeltranNovember 1, 2026

How Southeast Asia can realize its commercial promise amid geopolitical rivalry

Countries have a shared interest in defending international law—even when doing so may create friction with the country violating it.

By Lynn KuokOctober 31, 2026

Rakuten Capital’s Saemin Ahn thinks Southeast Asian VC needs a different model, as good startups don’t get enough ‘oxygen’ compared to the U.S.

The managing partner of Rakuten’s venture arm says the region’s startups lack the scale and exits to justify U.S.-style checks.

By Angelica AngOctober 30, 2026

Cyclone Arnab hits India’s data-center coast, where Google, Adani and Airtel plan to invest $15 billion in a hyperscale data center

Meteorologists said unusually high temperatures across the Bay of Bengal helped fuel Arnab.

By Sibi Arasu and The Associated PressOctober 29, 2026