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.
World
The latest business and finance news in the world, 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.
Analysis and opinion
MarketsAnalysisIran, United States
Oil slides on Monday as talk of a US-Iran way out returns
WTI touched $95.15 a barrel, its lowest since 15 October, according to crypto news site Cointelegraph. The sources we read tie the fall to diplomacy with Iran, and no official confirmation of any deal has been reported.
Highlights
EconomyUnited Kingdom, Oman
Oman and the UK: what is firm behind the £1 billion headline
The announcement combines a memorandum for a data centre with no timetable, a £7 billion export credit ceiling that is not loans, and a Gulf trade treaty still unsigned.
More news
CompaniesUnited States
Tesla's profit falls 43% in the third quarter as sales stay flat
The company reports $28.046 billion in revenue, almost level with a year ago, and its operating margin drops to 2.6%. Free cash flow falls to $1.531 billion.
CryptoWorld
Binance hit by record crypto theft, says it will cover the losses
The exchange puts the theft at about 6.3 billion dollars, paused deposits and withdrawals, and has reopened withdrawals in phases since 1 November. What protects a customer when a platform is robbed.
CryptoSouth Korea, World
Bank of Korea and the FATF look at how much crypto risk is in the system
South Korea's central bank is asking 31 institutions about their entry into the crypto market and its risks, and the global anti-money-laundering body will review jurisdictions with significant activity, South Korea among them.