California’s proposed wealth tax aims to go after billionaires’ balance sheets, but it largely sidesteps the way many ultrawealthy people actually generate spendable cash: they borrow against their ...

One way to think about forecasting what may happen in the year ahead was outlined by then US secretary of defence Donald Rumsfeld before the Iraq War. He perplexed journalists at a press conference ...

Luxury department store giant Saks — which owns Saks Fifth Avenue, Saks Off Fifth and Neiman Marcus — is edging closer to bankruptcy as it struggles under a mountain of debt. The once-glitzy ...

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‘We are reliving the Nakba’: A Palestinian community says it’s being erased as Israeli settler violence intensifies ...