Economy
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New coins, ‘Redbacks’ released through Texas’ new Bullion Depository
Texas boasts the only state-run bullion depository in the country.
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Bankruptcies on the rise across US economy, large corporate filings highest in 15 years
Among the big companies that filed for bankruptcy were JoAnn Fabrics, Spirit Airlines and Hooters restaurants
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California presses wealth tax despite national unpopularity, billionaires threats to flee
A ballot initiative currently being prepared for November 2026, known as Initiative 25-0024 or the “2026 Billionaire Tax Act,” would impose a one-time 5% levy on the net worth of individuals and trusts with at least $1 billion in assets as of January 1, 2026.
