California Exodus Just Got Worse as Wealth Tax Battle Intensifies

Spielberg flees California amid tax battle

Amazon AI went rogue

Musk sues EU over fine

⭐ Editor’s Pick: America's trade deficit had its best quarter in 33 years in Q4 2025, with the largest non-recession quarterly decline ever. (BN)

Mexico overtook Canada as the top destination for U.S. exports in 2025. (WSJ)

U.S. midsize businesses shift away from China under Trump tariffs, with payments to China dropping 20% in 2025. (FBN)

HUD issued a rule requiring proof of U.S. citizenship or eligible immigration status for all recipients of taxpayer-funded housing. (BN)

U.S. 30-year fixed mortgage rates drop to 6.01%, the lowest since September 2022. (YF)

⭐ Editor’s Pick: Morningstar listed the 10 best value stocks for long-term buy. (MS)

Insider Monkey highlighted the 11 best dip stocks to buy, according to hedge funds. (IM)

BTIG Research named its top tech, media, and telecom stock picks for 2026. (INV)

MarketBeat spotlighted 7 top REIT picks for 2026 rebound as falling rates ease sector pressures. (MB)

⭐ Editor’s Pick: Report warned "Hollywood is in trouble" amid deepening financial struggles and a contracting job market. (BI)

Los Angeles County sued Roblox alleging practices that endanger children by failing to verify ages, exposing kids to sex exploitation. (NBC)

Johnson & Johnson will invest over $1 billion to build a new cell therapy manufacturing plant in Montgomery County, PA. (AX)

Three Silicon Valley engineers were charged with stealing Google trade secrets, transferring them to Iran. (FBN)

News Corp. will match the Treasury's $1,000 contributions to Trump Accounts for children. (NYP)

Keurig Dr Pepper is rolling out over 35 new beverages, including “dirty soda-inspired” drinks. (CONV)

⭐ Editor’s Pick: Europe is “addicted” to U.S. energy, with Trump’s fossil fuel push exploiting the EU’s failed green transition and making America its top LNG supplier. (SPEC)

India will join the U.S.-led Pax Silica initiative to strengthen supply chains for AI, semiconductors, and critical minerals. (BBG)

U.S.-Iran tensions drove oil prices to a six-month high, with Brent crude at $71.76 per barrel and WTI at $66.50 per barrel. (INV)

Energy Secretary Chris Wright pressured the IEA to abandon net-zero by 2050 agenda or face U.S. withdrawal. (RTS)

⭐ Editor’s Pick: The White House narrowed crypto-bank talks on stablecoin reward limits in a third market structure bill meeting. (CT)

The Trump family hosted a crypto conference at Mar-a-Lago, drawing Goldman Sachs CEO David Solomon and government officials. (BBG)

CME Group will begin offering 24/7 trading of its crypto futures and options contracts starting May 29. (DEC)

A federal judge temporarily blocked Tennessee from enforcing its betting laws against Kalshi’s sports event contracts. (TB)

⭐ Editor’s Pick: Vitalik Buterin slammed Web4's superintelligent AI vision as "wrong," criticizing reliance on Big Tech infrastructure and risks of removing human oversight. (CP)

A Microsoft Copilot error exposed some users' confidential emails to the AI tool. (BBC)

Perplexity shifted its strategy to focus on subscriptions, enterprise, and partnerships rather than disrupting Google via advertising. (WIR)

Google announced Gemini 3.1 Pro, an upgraded model with major advances in core reasoning for complex problem-solving. (GG)

DeepRare AI tool outperforms doctors in rare disease diagnosis, has the potential to accurately diagnose an illness much earlier. (NDTV)

Accenture told senior employees they must use AI tools to qualify for promotions. (PM)

⭐ Editor’s Pick: A Boston Dynamics robot dog was equipped with an ethanol-vapor “nose” to sniff out leaking whisky barrels in Scotland. (WIR)

Toyota’s Canadian manufacturing arm will deploy Agility Robotics’ humanoid robots on its assembly line. (AN)

Robots trained on over 20,000 hours of human video data can now learn and generalize complex manipulation skills by watching people. (QZ)

Japan’s tech giants are teaming up to develop domestically made humanoid robots with mass production aimed for 2027. (JF)

⭐ Editor’s Pick: Nvidia is nearing a $30 billion investment in OpenAI as part of a huge funding round that could top $100 billion and value the AI company at roughly $830 billion. (FT)

Emerald AI, a company building software to reduce data-center energy use, is raising a $25 million seed extension, led by Energy Impact Partners, at a $250 million valuation. (AX)

Chip startup Taalas raised $169 million, led by Quiet Capital, to develop custom AI processors. (RTS)

Eagle Wireless, a U.S. cellular module maker targeting IoT and 5G device markets, raised a $30 million Series B led by Asymmetric Capital Partners. (YF)

⭐ Editor’s Pick: Trump announced that he will declassify files on UFOs and “extraterrestrial life.” (NYP)

Nineteen GOP attorneys general are urging the DOJ to probe 150+ climate groups over nearly $2 billion in alleged foreign funding to sway energy policy. (FOX)

The Hollywood Reporter inadvertently admitted that major network talk shows effectively blacklist conservative guests. (BN)

While EU officials push online censorship, its staff are moving communications to auto-deleting Signal messages. (RTN)