California billionaire tax author admits wealth grab could go further

A key architect of California’s controversial billionaire tax acknowledged this week that the proposed one-time levy may end up becoming permanent. Economics professor Emmanuel Saez made the admission during a Tuesday debate against Arthur Laffer, the father of trickle-down economics, at the University of California, Berkeley. The billionaires tax — proposed by the Service Employees International Union–United Healthcare Workers West — would impose a one-time 5% levy on California residents with assets exceeding $1 billion. Supporters say the tax is needed to address healthcare funding gaps tied to cuts to Medicaid and other federal programs implemented last year. The proposal has yet…

MetLife Stadium gets key field facelift ahead of 2026 World Cup

Unlike the U.S men’s national team or any other of the 48 squads participating in the 2026 World Cup, the newly installed pitch at MetLife Stadium will not get any tune-up matches before the start of one of the globe’s biggest sporting events.  FIFA officials were on hand Thursday to…

Shake Shack shares shook by sales shock, sliding 30%

Shake Shake’s shares tumbled 30% on Thursday after it blamed disappointing financial results on bad weather, high beef prices and tourism declines. The Big Apple-based burger chain missed Wall Street’s estimates for sales and profits in the quarter ended April 1, losing $290,000 compared to last year when it posted…

Forget the naysayers — earnings surge means a ‘resilient’ Trump economy

Ken Griffin, the billionaire chief of the Citadel Investment empire, recently expressed his amazement at how President Donald Trump has had the fortitude to survive multiple assassination attempts while still bringing his A-game for the American people. “Resilient,” Griffin called him. You can say the same thing about the Trump…

Red Sox put Roman Anthony on injured list in latest crusher

The Red Sox will be without one of their young stars for the near future as their season continues to spiral. Boston placed outfielder Roman Anthony on the 10-day injured list for a sprained right wrist, the team announced Thursday. The 21-year-old injured his wrist in his first at-bat of…

Trade court rejects Trump’s 10% global tariffs in victory for small businesses

The US trade court on Thursday ruled against President Trump’s latest 10% global tariffs, finding across-the-board tariffs were not justified under a 1970s trade law. The US Court of International Trade ruled in favor of small businesses that challenged the tariffs, which took effect on Feb. 24. The ruling was 2-1, with one judge…

USC men’s basketball roster may be complete with addition of Isaac Bruns

A final piece appears to have been locked into place for the USC men’s basketball team. The commitment of transfer Isaac Bruns, a 6-foot-5 guard from South Dakota, may have completed the Trojans’ roster for next season. The Trojans have now received commitments from seven transfers who averaged a combined…

Bloodbath at Silicon Valley giant as CEO’s savage memo to staff emerges

Cloudflare is axing more than 1,100 employees in a worldwide bloodbath as the San Francisco tech giant dramatically restructures. Founders told staff that the company’s internal use of artificial intelligence has exploded more than 600% in just three months. The internet security and cloud networking firm revealed the massive cuts…

Knicks have to find what’s eluded them most in this booming era

PHILADELPHIA — At this point, it’s hard to remember just how thirsty we were as a basketball populace for so many years, just how starved. The Knicks lost 93-80 to the Pacers in Game 6 of the Eastern Conference finals on June 2, 2000. That year was the ninth consecutive…

Here’s how much Apple is raising prices on MacBooks

Apple is slapping $100 to $400 price hikes on its latest MacBook Air and Pro models as memory costs surge industrywide. The 13-inch MacBook Air now starts at $1,099 instead of $999, and the 15-inch model rises to $1,299 from $1,199. Meanwhile, the price of the 14-inch MacBook Pro with…

Influencer Sara Saffari shoots down Puka Nacua dating rumors: ‘Chill’

Fitness influencer Sara Saffari is adamant she’s not dating Puka Nacua, despite how things between the two have recently looked. Shortly after a video of Nacua appearing to hold hands with Saffari surfaced, the social media star went to Instagram to shoot down speculation that the two are an item.…

Everything Apple fans hate about the new 0 iPhone 17e: ‘That’s robbery’

Apple fans have taken a bite out of iPhone17e hype. Tech heads have ripped into Apple’s newly-released iPhone 17e, dubbing the $600 device a “robbery” that looks virtually identical to some of its predecessors. Apple quietly released the state-of-the-art phone on March 2, although preorders began on March 4 while…

Women spend over 00 a year on health and hygiene, new survey reveals

The average woman spends $1,639 annually on their wellness, according to new research. A survey of 2,000 women 20-50 years old found that from vitamins to pads and razors, 61% feel like they can’t keep up with all of their hygiene needs, often feeling the need to choose between financial…

Alysa Liu reveals her ‘Olympic crush’ after historic gold medal

Gold-medal figure skater Alysa Liu was all smiles while gushing over her Olympic crush. The 20-year-old Liu was among a slew of Olympians that revealed their crush while at the 2026 Milan Cortina Winter Games in a recent video with Self magazine. “I think my Olympic crush is probably Suni…

Markets

More
More forecasts: Weather 30 days Sydney