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San Francisco Democrats break with their party over the billionaire tax—and reveal how deeply Prop 40 has split the left
NewsSeptember 15, 20265 min read

San Francisco Democrats break with their party over the billionaire tax—and reveal how deeply Prop 40 has split the left

Nothing has the Democratic Party more split than taxing billionaires. San Francisco Democrats have broken with their statewide party over California’s proposed billionaire wealth tax, rejecting Proposition 40 in a…

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Current ARM mortgage rates report for Sept. 1, 2026
NewsSeptember 15, 20266 min read

Current ARM mortgage rates report for Sept. 1, 2026

If you’re planning to buy a home and the idea of a mortgage with an interest that fluctuates doesn’t scare you, you might be the target customer base for adjustable-rate…

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Stripe is giving off early Google vibes—for good and for bad
NewsSeptember 15, 20269 min read

Stripe is giving off early Google vibes—for good and for bad

Good morning, it’s finance editor Jeff John Roberts pinch-hitting for Allie. Term Sheet readers of a certain age may recall when a young and still up-and-coming company called Google went…

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‘I think they’re doing it to cling to power’ — Venezuelans bash their government’s deal handing over vast oil reserves to the U.S.
NewsSeptember 15, 20267 min read

‘I think they’re doing it to cling to power’ — Venezuelans bash their government’s deal handing over vast oil reserves to the U.S.

Besides a social media post from President Donald Trump, the White House has said little about what he is calling “THE BIGGEST OIL DEAL IN WORLD HISTORY” in Venezuela. Recommended Video Trump said the…

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Iran’s president admits ‘we have many problems’ and missiles ‘are of no use’ as the U.S. chokes its economy while weakening Tehran’s grip on Hormuz
NewsSeptember 15, 20265 min read

Iran’s president admits ‘we have many problems’ and missiles ‘are of no use’ as the U.S. chokes its economy while weakening Tehran’s grip on Hormuz

Iranian President Masoud Pezeshkian acknowledged his country’s economic woes amid pressure from the U.S., which is strangling its trade while protecting other countries’ ships carrying oil through the Strait of…

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UAE intercepts Iranian drone over its waters in ‘dangerous escalation’ from Iran war—and threatens responding ‘decisively to aggressors’
NewsSeptember 15, 20265 min read

UAE intercepts Iranian drone over its waters in ‘dangerous escalation’ from Iran war—and threatens responding ‘decisively to aggressors’

The United Arab Emirates said that it intercepted an Iranian drone over its waters Monday, an attack that comes after the United States and Iran exchanged fire over the weekend for the…

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Six months into the Iran war, the global economy has pulled off a ‘Mission Impossible’ scene, and the Trump family is among the winners
NewsSeptember 15, 20267 min read

Six months into the Iran war, the global economy has pulled off a ‘Mission Impossible’ scene, and the Trump family is among the winners

As the U.S. and Israel relentlessly bombed Iran in the opening days of war, the most dramatic predictions of the conflict’s toll were unsparing: surging oil prices, worldwide recession and economic catastrophe.…

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The home equity loan and HELOC rates, August 31, 2026
NewsSeptember 14, 20267 min read

The home equity loan and HELOC rates, August 31, 2026

Both a home equity loan and a home equity line of credit (HELOC) are financial products allowing you to tap equity you’ve built in your home by paying down your…

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Mortgage rates on Aug. 31, 2026: Rates show no signs of easing
NewsSeptember 14, 20267 min read

Mortgage rates on Aug. 31, 2026: Rates show no signs of easing

The average interest rate for a 30-year, fixed-rate conforming mortgage loan in the U.S. is 6.710%, up from the day before, according to data from Mortgage Research Center. Meanwhile, the…

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Current refi mortgage rates report for Aug. 31, 2026
NewsSeptember 14, 20267 min read

Current refi mortgage rates report for Aug. 31, 2026

The current average refinance rate on a 30-year, fixed-rate home loan is 6.757%, according to Mortgage Research Center data. If you’re a homeowner hoping to refinance your mortgage for a…

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Featured

1 Canada and Asia already have the trade agreements, expert agencies, joint business councils and chambers of commerce to facilitate the flow of goods and services. Yet with all this support, too few business people—on either side of the Pacific—know what’s going on.

Canada’s pivot to Asia is finally real. The challenge is that neither side knows much about the other

September 16, 2026
2 d

Dell’s latest reinvention is here — and it reveals the AI boom happening ‘on-premise.’ The markets missed it 

September 16, 2026
3

Current refi mortgage rates report for Sept. 4, 2026

September 16, 2026
4

Current ARM mortgage rates report for Sept. 4, 2026

September 16, 2026

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