SACRAMENTO — Gov. Gavin Newsom told world leaders Friday that President Trump’s retreat from efforts to combat climate change would decimate the U.S. automobile industry and surrender the future economic viability to China and other nations embracing the transition to renewable energy. Newsom, appearing at the Munich Security Conference in Germany, urged diplomats, business leaders and policy…
California cryptocurrency startup BitGo has moved to South Dakota ahead of its initial public offering and amid a heated debate about a proposed ballot measure to tax billionaires. The company that had been based in Palo Alto is now based in Sioux Falls, S.D., according to a December filing to the U.S. Securities and Exchange…
The battle over a new tax on California’s billionaires is set to heat up in the coming months as citizens spar over whether the state should squeeze its ultra-rich to better serve its ordinary residents. The proposed billionaire tax that triggered the tempest is still far from being approved by voters or even making the…