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California voters reject measure to tax the wealth of billionaires
California's rejection of Proposition 40 marks a pivotal moment in the state's political landscape, as voters dismissed a billionaire tax intended to fund healthcare and education initiatives. With significant financial backing from figures like Sergey Brin, who contributed over $100 million against the measure, the campaign highlighted a stark divide between younger supporters and older opponents worried about economic instability.
India's invisible pain: The dirt in the air comes with a hefty price tag for economy and businesses
Severe pollution plaguing Indian cities is taking a toll on businesses. Restrictions placed on construction and transportation impede the movement of goods, leading to increased operational expenses. Many consumers are opting out of outdoor activities due to dangerous air quality, resulting in a drop in sales and foot traffic.
US Midterm Election Results 2026: Democrat Keisha Lance Bottoms makes history in Georgia as 1st Black woman to be elected governor
In a groundbreaking election, Keisha Lance Bottoms emerged as Georgia’s first Black woman governor, defeating her Republican opponent Rick Jackson. Throughout her campaign, Bottoms promised to enhance economic opportunities and broaden healthcare coverage for residents. Despite limited campaign funds, she championed issues important to Georgians. After the results, Jackson graciously conceded, underscoring a transformative moment in Georgia's political landscape as urban areas gain influence.
Who won in Massachusetts? And all you need to know about Mass ballot questions 2026 results on gun-control, marijuana repeal and more
On November 3, 2026, Massachusetts voters elected all Democratic representatives to the US House of Representatives. Incumbent Democrat Ed Markey retained his Senate seat against Republican John Deaton in a contested race. Voters approved several key ballot measures, such as expanding public records and same-day voter registration. However, proposals for all-party primaries and marijuana repeal were soundly rejected.
Trump set for midterm test: What's in store for India, Iran, Ukraine after November 4?
US midterm election 2026: American voters' sentiments about rising prices could affect Trump's standing in trade discussions. Congressional control will determine the scrutiny over Trump's actions regarding Iran and Ukraine. India will, however, continue navigating uncertainties in trade relations regardless of the election results.
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Trump White House maps path to govern without Congress if Democrats win
Trump's White House has been preparing for a potential Democratic Congress and its implications for his administration. Senior officials are identifying executive actions across various sectors that Trump can implement without congressional approval. This planning includes new tariffs, rules on visas, and methods to influence federal spending. While Trump could face congressional investigations into his administration, he retains extensive executive authority.
For Trump, a hot-button issue goes from being a big strength to being a liability
For Trump, the challenge is no longer simply to demonstrate that his administration can restrict illegal immigration. It is to convince voters that the methods used to achieve that objective are justified.
Trump's cure for Republicans' midterm woes is more Trump. Will it work?
US President Donald Trump is actively campaigning in various states to energize Republican voters ahead of the midterm elections. His rallies are designed to focus on personal appeals and past grievances instead of upcoming policy proposals. Despite Trump's popularity among core supporters, Republican candidates may face challenges due to his low approval ratings on critical issues. Many voters, particularly independents, express strong opposition to Trump, which impacts Republican candidates' chances.
Republican billionaire Rick Jackson is walking a Trump tightrope in his quest to lead Georgia
Republican billionaire Rick Jackson is seeking to become Georgia governor by combining his rags-to-riches story with a pro-business agenda and alignment with Donald Trump. Having spent nearly $200 million of his own money on the campaign, Jackson faces Democratic nominee Keisha Lance Bottoms, who accuses him of trying to buy the election.
Trump's diesel price relief efforts grow costlier as election nears
With the midterm elections approaching, President Trump is implementing various strategies to combat high diesel prices. These measures include financial aid for farmers and adjustments to regulations for truckers. However, criticisms arise regarding the effectiveness of these solutions and their geopolitical implications. Many voters attribute rising costs to Trump's policies, posing a challenge for Republican candidates. Ultimately, the pressure to lower diesel prices remains as the elections draw near.
Republicans bet Musk's millions can rescue Texas' Paxton in US Senate race
Texas’ Senate race has become one of the most expensive in US history, with more than $500 million spent as Republican groups, backed by major donors including Elon Musk, seek to help Ken Paxton defeat Democrat James Talarico. With early voting underway, analysts say the focus has shifted from persuading undecided voters to mobilising supporters, while both parties battle over inflation, the Iran war and culture-war issues.
US reviving shuttered nuclear plants to meet growing electricity demand and to power data centres
The United States is planning to restart three closed nuclear plants to address rising energy needs. These plants were shut down due to high electricity costs but are now sought after for carbon-free energy. Large technology companies are contracting for power from these facilities, ensuring a stable revenue. Restarting these plants will be faster and cheaper than building new reactors.
Warren Buffett on 5 habits that feel like good investing but make you poorer
Buffett offered a bet in public and then waited. Thousands of managers who have grown rich telling people they can beat the market did not take it up. Only one man accepted. Nine years later, the scoreboard was not close, and the more revealing number is not the gap between them.
Warren Buffett’s deputy turned $70,000 into $264 million in 29 Years: How Ted Weschler did it
Ted Weschler, Warren Buffett’s deputy at Berkshire Hathaway, grew his retirement account from more than $70,000 in 1989 to $264 million by 2018. His investment journey involved publicly traded securities, careful stock selection, exceptional luck and a Roth IRA conversion that came with a $28 million tax bill.
Married couples, take note: The $32,200 standard deduction in 2026 could shrink your taxable income before you even start itemizing now
The Internal Revenue Service (IRS) announced tax adjustments for 2026, incorporating annual inflation updates alongside changes made under the One Big Beautiful Bill Act. Married couples filing jointly will see their standard deduction rise to $32,200 in tax year 2026. Single taxpayers will see their standard deduction increase to $16,100.
What is CalPERS? California's richest pensioners revealed - Retired public employees reportedly collecting over $400K a year without working
California's public pension system has resulted in over 63,000 retirees collecting annual pensions exceeding $100,000. These significant payouts have raised questions about the sustainability of California's pension commitments and taxpayer burden. Increased salaries, longevity of retirement, and legislative changes have contributed to the rising costs. Local government officials are increasingly concerned about the financial pressure on public services due to pension obligations.
Donald Trump Medicaid social security coverage: Check who are eligible after latest change may lead to millions dropped and what will be impact while availing private insurance
Donald Trump Medicaid social security coverage: Refugees, asylum seekers, victims of human trafficking and domestic violence are among those who have lost coverage. Green-card holders were not impacted.
Give without paying gift tax: The $19,000 annual exclusion is unchanged for 2026, and it lets you move money without gift tax this year
The IRS announced major tax changes for 2026. Standard deductions increase to $16,100 for single filers and $32,200 for couples. The gift tax limit stays at $19,000. Estate tax limits and income brackets also shifted.
This $2,000 IRS tax credit can help pay for college in 2026, but there's an income catch
Taxpayers pursuing education may benefit from the Lifetime Learning Credit for eligible expenses incurred. This credit covers 20% of up to $10,000 in qualifying costs per tax return. Income limits affect the maximum claim, with reduced credits for higher earners. Eligible expenses include tuition and required fees, but not all costs apply.
Digital nomads take note: The $132,900 foreign earned income exclusion for 2026 could wipe out tax on overseas income, here's the catch
For Americans earning money while living and working abroad, one of the biggest 2026 tax changes is the higher foreign earned income exclusion. The IRS has raised the limit to $132,900, up from $130,000 in 2025. That means eligible taxpayers may be able to exclude up to $132,900 of foreign earned income from U.S. federal income tax.
Small business owners can now write off $2.56 million in purchases in 2026, and this deduction is the one everyone is talking about now
Small business owners have a major tax break to consider in 2026. Businesses can immediately expense up to $2.56 million in qualifying purchases under Section 179, up from $1.25 million in 2025. The deduction starts to phase out when total qualifying purchases go above $4.09 million.
US tax savings 2026: What are the best ways taxpayers can use to potentially lower their tax bill? Know the rules
When it comes to taxes, what you end up paying really depends on things like your income, financial goals, and how you file. Luckily, there are lots of ways to save, including tax credits, health savings accounts, and retirement contributions. These are some of the smartest moves for US taxpayers looking to save money in 2026.
Using your FSA wisely? Up to $3,400 can be set aside pre-tax in 2026, and millions of workers forget to claim every single dollar of it
The 2026 FSA limit is going up to $3,400. That's $100 more than the 2025 limit. For workers who expect regular medical expenses, the higher limit gives them more room to set aside money before federal income taxes are calculated. The contribution is taken from salary through the employer's plan and can be used for eligible health care costs.
Before you itemize, check this: 2026’s $16,100 standard deduction could beat your write-offs
The IRS has raised the 2026 standard deduction to $16,100 for single taxpayers, with higher amounts for married couples and heads of household. Here’s a look at the new deduction, tax brackets and other changes taxpayers should know before filing.
Inside Donald Trump’s midterm blueprint: How he plans to reshape the 2026 race before Election Day
Donald Trump has used executive action in an effort to change US voting rules. One of his orders called for new citizenship requirements when registering to vote. Voting rights groups challenged the measure in court. Judges later blocked key parts of the order.
Prince Harry spotted at quiet English pub with Meghan Markle; Why their low-key night out is making headlines
Prince Harry and Meghan Markle were recently seen having a casual lunch at The Falkland Arms pub in England. This outing marks their first public appearance together in Britain since their return. They appeared relaxed and enjoyed traditional British pub food while behaving like locals in Great Tew. Their return to the UK is significant after spending six years in California, raising interest in their new lifestyle.
“God Made Trump, the Country He Loves”: 13 taxpayer-funded ads and $20 million campaign revealed as Trump’s unusual ad blitz expands
The Trump administration is actively utilizing 13 taxpayer-funded, campaign-style ads to promote its policies. These advertisements showcase military accomplishments and various initiatives from the administration, with officials arguing they serve as public service announcements. The titles of the ads include God made Trump, The Country He Loves. However, lawmakers from both parties express concerns over the legality of this advertising approach, igniting discussions about potential misuse of government funds.
Sell your stocks too soon and you may pay more: How long you hold an asset changes your 2026 Capital Gains Tax, and timing matters here
The baseline for tax planning in 2026 relies on shifting retirement contribution limits. The IRS adjusted these thresholds, altering the calculus for wage earners trying to suppress their taxable income. A traditional 401(k) or 403(b) now absorbs up to $24,500 in pre-tax earnings. Individual Retirement Accounts cap at $7,500.
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