California wealth tax on billionaires heads to November ballot, and crypto portfolios are in the crosshairs

The wealth tax initiative could reshape California's fiscal landscape, intensifying debates on economic equity and influencing future tax policies. The post California billionaire wealth tax qualifies for November 2026 ballot appeared first on Crypto Briefing.

A federal judge has rebuffed Workday’s claim that it cannot be held liable under California anti-discrimination laws when its tools are used to screen (and potentially reject) job candidates in other states. This week, US District Judge Rita Lin indicated that she will likely allow additional state discrimination claims against Workday to move forward. This would significantly expand the closely-watched case and likely ratchet up scrutiny of AI recruiting tools and their potentially inherent biases when it comes to age, race, sex, disabilities, and other factors. Further, it could indicate that, even if a company is not the final employer, it may be held liable if its tools materially influence who gets rejected. This could set new legal standards for AI hiring systems, and have implications across industries, experts note. “This case reinforces the importance of actually managing AI risks,” said Valence Howden, advisory fellow at Info-Tech Research Group. “If an AI-enabled model or AT

A Mexican couple has admitted to fraudulently selling Southern California homes they did not own and laundering approximately $1 million in proceeds. According to the U.S. Attorney’s Office for the Southern District of California, Victor Hugo Villalobos Almazan and his wife, Nayeli Noemi Montoya Rodriguez, Mexican nationals who entered the U.S. on tourist visas, pleaded […] The post Husband-Wife Duo Admits To Orchestrating $1,000,000 Bank Fraud Home Theft Scheme in California appeared first on The Daily Hodl.

Newsom's stance highlights the complex interplay of political influence and public opinion in shaping fiscal policy initiatives in California. The post Newsom opposition sinks billionaire tax odds for California 2026 ballot appeared first on Crypto Briefing.

Voters want someone they trust to change the economic deal Graham Platner’s victory in the Maine Democratic primary, despite controversies that would sink more conventional candidates, shows us that voters are not simply rejecting incumbents. They are responding to candidates – even those with pretty dire baggage – who speak to a widespread belief that the economic system is increasingly rigged in favour of billionaires and large corporations. In my research with Harvard professor Taeku Lee, based on surveys of more than 36,000 voters across the US, UK, France and Germany, we see a hidden wave of voter opinion that is hostile to big corporations and billionaire influence. Pepper Culpepper is professor at Oxford University’s Blavatnik School of Government and author of Billionaire Backlash: The Age of Corporate Scandal and How It Could Save Democracy Continue reading...

California's economic landscape may shift as corporate departures prompt potential tax policy changes, impacting business and investment climates. The post California faces billions in losses after Elon Musk’s departure appeared first on Crypto Briefing.

Anthropic and OpenAI could join SpaceX with their own initial public offerings, setting many employees up to become millionaires or billionaires.

A California-based mortgage lender is urging its clients to take precautionary measures following a security incident involving the company. In a statement, Plaza Home Mortgage says that an unauthorized party managed to access an employee’s computer on or around February 17th, which allowed threat actors to get hold of the firm’s information systems. Plaza says […] The post 137,976 People Warned After Mortgage Lending Firm Breached – Personal and Financial Records at Risk appeared first on The Daily Hodl.