EconomyUnited States
California votes on a one-time 5% tax on billionaires: Prop 40
Voters decide on 3 November on a levy on net worth above $1bn. Two rival measures, Props 41 and 42, could stop it even if it wins.
United States
The latest business and finance news in the United States, told with context and rigour.
CompaniesUnited States
Palantir's revenue nearly doubles to $2.3bn and tops US government
For the first time, US commercial sales ($984m) exceeded US government sales ($953m). Palantir also raised its full-year revenue guidance to about $8.53bn.
MarketsAnalysisIran, United States
Oil slides on Monday as talk of a US-Iran way out returns
Highlights
CryptoUnited States
Coinbase and Strategy profit from crypto gains; shares fall afterwards
Two Nasdaq-listed crypto stocks reported profits tied to the value of their crypto holdings on 29 October, with lower revenue. A day later they fell, with the Binance theft in the background.
