Billionaire wealth surged by over $300 billion in the first month of the year. It would take 15 million workers an entire year to make as much money.
Since G20 Finance Ministers agreed to work together to effectively tax the super-rich in July 2024, billionaires have pocketed over $1 trillion in new wealth.
More than 50 organizations from across the world are urging G20 leaders to tax the super-rich to end extreme inequality, and invest in climate, environmental and social action.
U.S. consumer confidence plunged in February in its biggest monthly decline in more than four years, a business research group said Tuesday.
The Conference Board said its consumer confidence index dropped from 105.3 in January to 98.3 this month, the largest month-to-month decline since August 2021.