Steve Hilton
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California elects Becerra but rejects billionaire wealth tax
California elected Xavier Becerra while rejecting Proposition 40. The governor-elect also opposed the wealth tax, and a separate high-income tax extension led statewide.
HEADLINES & MARKET AT CLOSE ONNOVEMBER 12, 2026NOV. 12, 2026 CLOSE | S&P 500 7,592.40 ▼ 0.35% | DOW JONES 52,297.09 ▼ 0.36% | NASDAQ COMPOSITE 25,366.09 ▼ 0.39% | TEN MOST ACTIVE U.S. COMPANIES, ranked by regular-session share volume (M = million shares; closing prices in USD): 1. NVIDIA (NVDA) $166.19, 615.2M | 2. Parabolic Technologies (PARA) $0.1007, 310.6M | 3. The Children’s Place (PLCE) $0.4440, 179.8M | 4. Super Micro Computer (SMCI) $26.99, 102.7M | 5. SHF Holdings (SHFS) $0.0225, 97.0M | 6. CoreWeave (CRWV) $56.60, 91.4M | 7. Space Exploration Technologies (SPCX) $139.94, 87.4M | 8. Ainos (AIMD) $1.0600, 76.0M | 9. Cenntro (CENN) $0.1820, 73.7M | 10. Intel (INTC) $61.20, 70.5M | FUTURES SETTLEMENTS, NOV. 12: COMEX gold DECEMBER 2026 US$3,885.30 per troy ounce | NYMEX WTI DECEMBER 2026 US$88.74 per barrel | ICE Brent JANUARY 2027 US$95.82 per barrel | Equities: 4:00 p.m. EST close. Futures: Nov. 12 settlements. Not live quotes. ETFs and extended-hours share volume excluded. NEXT REGULAR EQUITY SESSION: Nov. 13, 9:30 a.m.–4:00 p.m. EST. | HEADLINES, NOV. 13 (checked 6:30 p.m. EST): FAA halts U.S. departures after air-traffic communications problems | Sheinbaum says migrant group is not currently travelling toward U.S. border | Russia sets conditions for European participation in Ukraine peace talks | Microsoft outage disrupts Australian federal agencies | S&P 500 and Nasdaq fall Friday, but Wall Street posts weekly gains | MARKET SOURCES: AP, WSJ, MarketChameleon regular-session volume, StockAnalysis closing prices, Reuters gold, Reuters oil, WSJ oil contracts.