The Global Economic News

Article about global economy: Billionaires abound in California. Why not tax their wealth? 🔥 EXCLUSIVE PARTNER OFFER PAIVIROKU 4-IN-1 Car Jump Starter with Air Compressor 5000APeak Auto Battery Booster 150PSI Air Pump Power Bank Tire Inflator Special Price 🔥 Limited time offer! Grab your favorite item at an incredible price. Quality guaranteed! 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.investing.com/news/stock-market-news/billionaires-abound-in-california-why-not-tax-their-wealth-4908156 © EcoNews DZ — Global Economic & Financial News

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Pop star Ed Sheeran apologized on Saturday for his handling of a controversy that erupted this week when rapper Macklemore was removed as an opening act over comments on Palestine . Breaking his silence on the issue, the British singer decried Israel's treatment of residents in Gaza as "unjustifiable." "I've had to take and make difficult decisions and I am making mistakes and I'm so, so sorry," Sheeran told an audience in Philadelphia, where he performed for the first time since Macklemore was taken off the concert tour. At the start of the concert at Lincoln Financial Field, Sheeran called the October 2023 Hamas attack that killed 1,200 Israelis "horrific." But he called Israel's subsequent war , which has killed thousands in Gaza and displaced almost all of the population, " catastrophic and unjustifiable and disproportionate. " Sheeran also decried "systemic injustice" in the West Bank, where Israel's right-wing...

Jim Cramer Said These 2 Stocks Were Sold Because Of A Rotation But Is He Right? Ramish Cheema Fri, September 18, 2026 at 4:15 PM PDT 4 min read TMO CAH BDX Life sciences solutions and products provider Thermo Fisher Scientific (NYSE: TMO )'s shares have done well in September and are up by more than 8% since the 10th. On the 15th, Cramer discussed the strength in the shares in a conversation with his co-host David Faber amidst the turmoil in the AI sector on the back of worries about a slowdown: "David, I think your conference is really important. Here's why. I had Marc Fisher, the CEO of Thermo on, not that long ago. . .I'm sorry Marc Casper, I'll tell you what bothered me, David. We're sitting there talking about how strong business is. And Marc Casper's really a titan in this. And no one was listening to him, no one. Not unlike when we had Beckton Dickinson on, no one was listening, and Cardinal Health, no one was listening. When I spoke to them behind ...

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Ask these 4 questions written by Realtors when choosing a mortgage lender Ask these 4 questions written by Realtors when choosing a mortgage lender bankrate_626 Natalie Todoroff Fri, September 18, 2026 at 12:00 PM PDT 7 min read Choosing the right mortgage lender could save you thousands of dollars. Shopping for one should be one the first steps you take when buying a house. Comparing lenders and lining up preapprovals early gives you some benchmarks to work from, and when your real estate agent recommends lenders, you'll have a better sense of whether they're offering a good deal. Plus, having preapprovals in hand lets buyers and agents know you're serious. Real estate agents typically have a roster of recommended lenders, often built on years of repeat business. "Choosing a lender is not just about obtaining financing," says Matthew Martinez, a California real estate broker. "It is about choosing one of the most important members of the transaction team....

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Yemen's Houthis said they attacked "sensitive" sites in the Saudi capital Riyadh on Saturday with missiles and drones, hours after flames and a large plume of smoke were seen near the city's main airport. Saudi Arabia had sent alerts overnight warning of potential danger around Riyadh, amid an escalation in attacks by the Houthis in the kingdom. Late in the day, U.S. embassies in Jerusalem, Oman, and Iraq issued security alerts for American nationals in the Middle East because of heightened tensions and the potential for unforeseen escalation. Reuters video and photographs showed a huge pillar of black smoke rising in the area, with the airport highway, main terminal building and other facilities in the foreground. At one point in the video, flames were visible rising from behind what appeared to be fuel tanks. The Houthis did not specify what they had targeted in Riyadh, but said they had also attacked an Aramco facility in the Red Sea city of Yanbu, a key Saudi oil...

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Nashville’s Traffic Nightmare Is Now a $9.2B Ferrovial (FER)-Led Project Maham Fatima Sat, September 19, 2026 at 1:20 PM PDT 4 min read FER FER On August 19, Ferrovial (NASDAQ: FER ) announced it had been selected to deliver the I-24 Southeast Choice Lanes, a 26-mile project running between Nashville and Murfreesboro. It is the largest single capital investment in Tennessee's history and the state's first public-private partnership. The price tag is $9.2 billion, though Ferrovial isn't carrying it alone, since its DriveTN consortium also counts Transurban and Tikehau Star Infra as partners. Nashville's Traffic Nightmare Is Now a $9.2B Ferrovial (FER)-Led Project The Model Travels Well Choice lanes are familiar ground for Ferrovial, which has replicated the model in Washington, D.C., Charlotte and Dallas-Fort Worth. On Virginia's 66 Express corridor, similar lanes shaved up to 50% off peak-hour travel times. That is the pitch for I-24, a stretch of highway that alre...

STMicroelectronics (STM) Wants Every Car Watching Its Driver, and Cheaply Maham Fatima Sat, September 19, 2026 at 12:29 PM PDT 4 min read STM STM On September 14, STMicroelectronics (NYSE: STM ) introduced the ST SafeSense VD56GA, a 1.1-megapixel infrared image sensor designed for cameras that watch drivers and passengers inside a car. The goal is to make that kind of monitoring cheap enough to spread beyond premium models and into everyday vehicles. It is a big job for a package that measures 3.7 mm by 3.2 mm. Here is what the numbers around it say about that ambition. STMicroelectronics (STM) Wants Every Car Watching Its Driver, and Cheaply Sharper Eyes, Smaller Bill The strongest argument is about the whole camera, not just the chip. Because the VD56GA delivers stronger infrared imaging, the company says carmakers can pair it with cheaper lenses, simpler infrared lighting and lighter filtering, and can skip a separate image-processing chip altogether. That trims cost across the ent...

Micron (MU) Unveils Breakthrough Memory Product. It Says Much About the Memory Market Abdul Rahman Sat, September 19, 2026 at 10:11 AM PDT 3 min read MU AMD INTC In a major milestone in memory innovation, Micron Technology, Inc. (NASDAQ: MU ) on September 15 announced the successful demonstration of a 512GB DDR5 RDIMM memory module for servers. This module is the first of its kind in the world, according to the company. The module can reach speeds of up to 9,200 MT/s. It can also enable as much as 12TB of DDR5 DRAM in a 24-slot dual-socket server. Micron said its 512GB DDR5 module consumes 16 watts. That's more than 60% less power consumption compared with 44.2 watts consumed by four 128GB modules to provide the same capacity. The new module can also deliver up to 1.4 times higher performance compared to 256GB DDR5 configurations in certain analytics workloads. Micron (MU) Unveils Breakthrough Memory Product. It Says Much About the Memory Market AMD and Intel are validating Micron...

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Journalists from MS NOW, CNN and Politico were denied access to the White House grounds on Saturday, one day after President Donald Trump said he is banning the three outlets over their coverage of him. White House reporter Akayla Gardner said MS NOW journalists were blocked from the grounds for the first time Saturday morning. "Yesterday our journalists were able to stay here working on the White House grounds," she said. "This was the first action we know of them actually denying us entry into the White House." "The White House belongs to the American people and the decisions made inside are funded by our tax dollars," MS NOW said in a statement. "MS NOW intends to take any and all steps necessary to defend our First Amendment rights and the essential role of independent journalism in our democracy." MS NOW said it will "continue to report on the President, the administration, and the issues that impact the American people." CNN repo...

So is artificial intelligence going to kill us all? The question has echoed around dinner tables and family group texts in recent days as AI doomerism has hit a fever pitch. Former OpenAI and Anthropic researchers last week rocked the world by warning that AI could destroy humanity and relatively soon. Now, the world's most powerful people are divided on whether the world is doomed or it's all a nothingburger. They also can't agree on a path forward. Elon Musk , the CEO of Tesla and SpaceX and the world's richest man, supported the call by Anthropic CEO Dario Amodei to pace the developmen t of the most advanced models. Amodei's rival, OpenAI CEO Sam Altman, also backed the effort. President Donald Trump called it a "hoax," while Jensen Huang, CEO of the world's most valuable company, Nvidia , said, "We don't need new regulations." As runaway AI worries reached a crescendo, policymakers in Washington have renewed calls for a magic stop bu...

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