California’s billionaire tax has the signatures to make the ballot, backers say, WSJ reports

California's billionaire tax proposal has gathered enough signatures to qualify for the ballot, indicating a significant move towards taxing the ultra-wealthy.

Newsquawk StaffPublished 28 Apr 2026, 10:51 UTCOn the live feed at 10:31 UTC — 3 more headlines followed before this page went public

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10:37

BYD (1211 HK) Q1 2026 (CNY): Revenue 150.23bln (exp. 140.4bln), Net Income 4.08bln, -55% Y/Y, R&D Expenses 11.34bln (exp. 11.93bln)

10:32

UK sells GBP 1.25bln 4.25% 2032 Gilt Tender: b/c 3.67x (prev. 4.17x), average yield 4.575% (prev. 3.952%), tail -- (prev. 0.1bps)

10:31

California’s billionaire tax has the signatures to make the ballot, backers say, WSJ reports

10:30

General Motors Company (GM) Q1 2026 (USD): EPS 3.70 (exp. 2.60), Revenue 43.6bln (exp. 43.51bln)

10:22

Commerzbank says if the increase in oil prices continue, gold prices could fall back towards USD 4,500/oz

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This could influence investor sentiment, especially in tech-heavy US equities, as potential tax liabilities may weigh on the growth outlook for companies in the region. Keep an eye on how this might impact discussions around fiscal policy and wealth distribution in other states as well.

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