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Gus Ruelas/Reuters Bill Gates, the world's second-richest person behind Amazon founder Jeff Bezos, wants rich people to pay higher taxes. "We've updated our tax system before to keep up with changing times, and we need to do it again, starting with raising taxes on people like me." The Microsoft founder and philanthropist made the comments…

California was praised for its successful early response to the coronavirus, which kept the state's epidemic curve relatively flat — until recently.The state set new records for daily infections over the past week.Experts say parts of the state reopened too early.Racial and income disparities have also led outbreaks to grow in some Southern California communities.Visit…

Michael Bloomberg, a 77-year-old billionaire philanthropist, is running to be the next Democratic presidential candidate. He spent 15 years working in finance, before getting fired when he was 39. With the severance check, he co-started his own IT firm, which he called Bloomberg LP. It was a success, and he expanded it to cover the…

Reuters/Carlos Barria The terms of an interim trade agreement with China remain elusive. Uncertainty has left US businesses and investors bracing for tariff increases in December. Regions of the country with strong trans-Pacific ties are poised to be hit particularly hard by an escalation and likely retaliatory measures. Visit Business Insider's homepage for more stories.…

A looter made off with Target Merchandise, and a mannequin, Wednesday night. Star Tribune via Getty Images Target is closing 24 stores in Minnesota "until further notice" amid protests against the death of George Floyd.Photos and videos showed people looting Target stores in Minneapolis-St.Paul on Wednesday and Thursday. "At this time, we have made the decision…

This story is available exclusively on Business Insider Prime. Join BI Prime and start reading now. Tara Reade, who worked for Democratic presidential candidate Joe Biden's Senate office in the early 1990s, has filed a formal criminal complaint against the former Vice President in Washington, DC.She says that Biden assaulted her in a Senate corridor…

Leaked data obtained by the investigative-journalism site Reveal about injury rates inside Amazon warehouses suggests the company has publicly downplayed how dangerous its warehouses are for workers. The data shows injury rates have climbed every year from 2016 to 2019, that robotic warehouses on average clock more injuries than non-robotic ones, and that injury rates…

AP Images Warren Buffett is spending billions to turn Iowa into "the wind capital of the world, the Saudi Arabia of wind," he told the Financial Times. Berkshire Hathaway's billionaire boss isn't investing in green energy to cut carbon emissions or combat climate change, however, but because of government incentives. "We wouldn't do [it] without…

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President Donald Trump's family members did not wear masks during his debate with Democratic rival Joe Biden, defying the rules of the event. Trump's children were pictured wearing masks as they approached their seats, but took them off for the debate itself. A Bloomberg reporter at the debate said First Lady Melania Trump took off…