Business News

The state of California is once again at the center of a national debate over wealth taxation, with a newly proposed billionaire tax generating fierce opposition. Critics argue the measure is poorly designed and would likely trigger an exodus of high-net-worth individuals from the state. California has long relied heavily on its wealthiest residents to…

The FDA approved the first blood test designed to screen for colorectal cancer, called Shield, in July 2024 for adults 45 and older at average risk. Shield offers a far more convenient alternative to colonoscopy, requiring only a simple blood draw rather than an invasive procedure requiring full bowel preparation beforehand. A clinical study found…

Walmart (WMT) built one of the most impressive stock runs of the past decade, rewarding long-term investors with steady gains that outpaced much of the broader retail sector. The retail giant transformed itself from a traditional brick-and-mortar heavyweight into a technology-forward enterprise, earning a premium valuation that once rivaled some of the most celebrated growth…

Medicare beneficiaries who take large withdrawals from their retirement accounts may face unexpectedly higher premiums, even if the income spike is temporary. The mechanism behind these higher premiums is known as IRMAA, which stands for Income-Related Monthly Adjustment Amount, a surcharge applied when income exceeds certain thresholds. Social Security determines IRMAA eligibility by looking at…

South Korea’s extraordinary stock market rally in 2026 has produced a milestone figure so large it requires a new vocabulary to describe it properly. The combined value of the country’s two main stock exchanges topped 6,000 trillion won, equivalent to roughly $4.1 trillion, for the first time ever. That milestone was reached on April 27,…

South Korea has emerged as one of the most concentrated plays on artificial intelligence in global markets, drawing intense attention from investors worldwide. Ed Yardeni of Yardeni Research has described the country’s economy as resembling “a giant leveraged bet on AI,” capturing the outsized exposure South Korea carries to the global technology cycle. The nation’s…

Marvell Technology (MRVL) has become too large for the S&P 500 index committee to continue overlooking, analysts say ahead of a key rebalancing announcement. The chipmaker was among the largest eligible candidates during the prior two quarterly rebalancing cycles but was passed over both times without explanation. Marvell now sits head and shoulders above every…

A 55-year-old married individual is weighing a $1.5 million long-term care insurance policy and wants real-world guidance on navigating the process. The person has already decided to purchase coverage and is not interested in generic advice about self-funding or whether long-term care insurance is worth buying at all. The core question centers on choosing between…

S&P Global announced Thursday it will not change its requirements for entry into its major indices, effectively blocking SpaceX from swift S&P 500 inclusion. The decision deals a significant setback to Elon Musk’s SpaceX, which is targeting a $1.75 trillion valuation and raising $75 billion in what would be the world’s biggest-ever IPO. S&P stated…

The number of Americans classified as long-term unemployed has climbed above 1.8 million on average this year, raising serious concerns about labor market health. The government defines long-term unemployment as being jobless for at least 27 weeks, a threshold that more than one in four unemployed workers has now crossed. That figure is up roughly…