Business

California’s wealth tax proposal leaves billionaires with little recourse

California’s wealth tax proposal leaves billionaires with little recourse

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🚀 Explore this awesome post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide for the high-net-worth investor and consumer. subscription To receive future issues, directly to your inbox.California's proposed billionaire tax includes a special provision that makes it unlikely that anyone who wants to leave the state will be able to avoid paying, according to tax attorneys.The Billionaire Tax Act, which could be added to the state's general ballot in November, would impose a one-time 5% tax on the total…
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Used car prices are expected to rise in 2026, Cox reports

Used car prices are expected to rise in 2026, Cox reports

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🚀 Check out this awesome post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: A Ford Mustang at a used car dealership in Montebello, California, on May 5, 2025. Frederick J. Brown | AFP | Getty ImagesDETROIT - Used car prices are expected to rise this year but at a historically stable rate, according to auto data firm Cox Automotive.Cox on Thursday predicted wholesale prices on the Mannheim Used Vehicle Value Index would end this year 2% higher than December 2025. The index tracks the prices of used vehicles sold at wholesale auctions in the United States. This…
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That’s where family office dealmakers placed their bets in December

That’s where family office dealmakers placed their bets in December

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✨ Discover this insightful post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Leonardo Maria Del Vecchio attends amfAR Venezia 2023 presented by Mastercard and the Red Sea International Film Festival on September 03, 2023 in Venice, Italy.Christy Sparrow | Getty Images Entertainment | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide for the high-net-worth investor and consumer. subscription To receive future issues, directly to your inbox.Wall Street advisors stayed busy in December - from Warner Bros. Discovery Bidding war for Trump media $6 billion merger with…
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Ford will introduce blind-driving technology in a $30,000 car in 2028

Ford will introduce blind-driving technology in a $30,000 car in 2028

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💥 Check out this trending post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Jim Farley, President and CEO of Ford, speaks at Ford Motor Company's Kentucky Truck Plant for the launch of the 2025 Ford Expedition, in Louisville, Kentucky, on April 30, 2025.Caroline Caster | APford motor The Detroit automaker on Wednesday plans to introduce blind-driving technology in a $30,000 all-electric car in 2028.The goal puts Ford in a race against competitors such as... Tesla, GM and Rivian Cars To develop and launch such systems on a large scale, which Wall Street sees as a potential growth…
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JPMorgan Chase is reaching an agreement to become an issuer for Apple’s credit card, the source says

JPMorgan Chase is reaching an agreement to become an issuer for Apple’s credit card, the source says

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💥 Read this insightful post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Apple CEO Tim Cook presents the Apple Card during a launch event at Apple headquarters on March 25, 2019, in Cupertino, California.Noah Berger | AFP | Getty ImagesJPMorgan Chase Reached an agreement to acquire apple Credit card from its original source, Goldman SachsAccording to what a person familiar with the deal said.This arrangement, which will be announced soon after a year of negotiations between the two parties, means that the credit card giant and retail banking in general will grow further. JPMorgan will acquire nearly…
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Avello Airlines is ending ICE deportation charters, cutting commercial flights and jobs

Avello Airlines is ending ICE deportation charters, cutting commercial flights and jobs

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✨ Discover this must-read post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: Avelo Airlines' inaugural Boeing 737-800 flight took off from Hollywood Burbank Airport to Charles M. Schulz Sonoma County Airport in Santa Rosa on April 28, 2021.Patrick T. Fallon | AFP | Getty ImagesAvello Airlines will stop flying deportation flights for the U.S. government and will also cut commercial routes and reduce staff, its CEO told employees.The airline, which debuted in 2021 with a focus on connecting small cities, last year exited a handful of destinations on the West Coast and also turned to deporting deportees…
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RFK Jr. reveals nutrition guidelines, promotes protein, and less processed foods

RFK Jr. reveals nutrition guidelines, promotes protein, and less processed foods

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🚀 Check out this awesome post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Health and Human Services Secretary Robert F. Kennedy Jr. speaks during the daily briefing in the Brady Briefing Room of the White House in Washington, D.C., on January 7, 2026. Mandel Ngan | AFP | Getty ImagesHealth and Human Services Secretary Robert Kennedy Jr. and Agriculture Secretary Brooke Rollins on Wednesday shared new U.S. nutrition guidelines, advising Americans to eat more "real food" and reduce their intake of highly processed foods and added sugars.The government's new food pyramid replaces the MyPlate chart issued under…
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American Airlines is keeping its frequent flyer status requirements the same

American Airlines is keeping its frequent flyer status requirements the same

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🔥 Discover this must-read post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: Joe Rydell | Getty Images News | Getty ImagesAmerican Airlines It said Wednesday it will keep spending requirements for elite frequent flyer status in 2027 steady for the third year in a row as the company seeks to attract high-spending travelers and tries to catch up with industry earnings leaders. Delta Airlines and United Airlines.Both Delta and United said they will also keep elite status limits in place for 2026. Airlines offer elite loyalty program members perks — from early boarding and a free checked…
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Alaska Airlines has purchased more than 100 Boeing 737-10s in the carrier’s largest order

Alaska Airlines has purchased more than 100 Boeing 737-10s in the carrier’s largest order

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🔥 Read this awesome post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: An Alaska Airlines Boeing 737 MAX 9 departs Los Angeles International Airport en route to Puerto Vallarta, Mexico, on September 19, 2024.Kevin Carter | Getty ImagesAlaska Airlines Buys more than 100 Boeing jets, a purchase that the carrier's fleet chief said will ensure it has the coveted order slots through the middle of the next decade for expansion. The order, Alaska's largest ever, and announced Wednesday, includes 105 Boeing 737 MAX 10 aircraft that have not yet been certified. Alaska is also buying five 787-10…
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