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California’s Two-Tier Economy Mirrors Great Britain’s ‘Upstairs, Downstairs’ Past

This commentary was originally published by CalMatters. Sign up for their newsletters. Forty years ago this month, I began a 9,000-mile tour of California, gathering data, conversations and observations about megatrends propelling the state into the next century. The result was a 14-part series in the Sacramento Bee, later published...

Wall Street Advances as Investors Assess Sentiment Data

Wall Street's main indexes gained on Friday, with the tech-heavy Nasdaq hitting an intraday record high, while investors analyzed the consumer sentiment data for fresh insights into the economy. Traders remain bullish on equities despite Thursday's declines, betting that the AI-driven momentum remains intact. Some analysts expect the AI trade,...

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