California's billionaire wealth tax, Proposition 40, looks like a close call based on recent polls. Here is what to know before Election Day on Nov. 3.
California's Proposition 40: What voters need to know about billionaire wealth tax battle
Source: CNBC
Original reporting
CNBC: read the full reportRelated stories
CNBC
American Airlines forecasts bigger loss in 2026 on fuel spike, plans to slow growth next year
It's the fourth major U.S. carrier to cut its 2026 forecast this month because of a spike in fuel costs.
CNBC
Virginia state Sen. L. Louise Lucas, a Trump critic, charged in marijuana racketeering case
The investigation into the Democrat predates the current Trump administration. But the timing of the indictment before the midterms has raised eyebrows.
The Guardian
Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances
Equating to the loss of 5% of its 93,000 global staff, job cuts come as bank announces jump in quarterly profits Business live – latest updates Barclays is cutting 5,000 jobs as part of wider cost-saving plans that its bosses say are being driven by advances in AI. The job cuts will mean losing about 5% of the bank’s 93,000 global staff, with executives confirming they had already cut 1,000 workers since the start of the year. Continue reading...
CNBC
Comcast beats earnings expectations as media revenue offsets weakness in connectivity
Comcast is in the process of spinning off its media business into a separate publicly traded company.
BBC Business
Barclays cutting 5,000 jobs as it increases reliance on AI
The bank says it is using more AI leading to a 5% reduction in its workforce.
CNBC
Jobless claims near the lowest since the 1960s as low-fire trend continues
Initial filings for unemployment insurance slipped to a seasonally adjusted 194,000.