The skyline of Yokohama with the Landmark Tower, Queen’s Square and the ferries wheel with the Aka-Rengo Soko warehouse on a beautiful day.Juergen Sack | E+ | Getty ImagesAsia-Pacific markets traded mixed Friday after Wall Street gained on a better-than-expected jobs report eased investors’ concerns of a slowdown in the U.S. economy.Japan’s Nikkei 225 benchmark was flat in choppy trade while the broader Topix index added 0.15%.In South Korea, the Kospi index fell 0.56% while the small-cap Kosdaq declined by 0.8%.Over in Australia, the S&P/ASX 200 moved up 0.21%.Futures for Hong Kong’s Hang Seng index stood at 23,991, pointing to a lower open compared to the HSI’s…
Author: usaeverydaylife
Microsoft CEO Satya Nadella speaks at the Axel Springer building in Berlin on Oct. 17, 2023. He received the annual Axel Springer Award.Ben Kriemann | Getty ImagesAmong the thousands of Microsoft employees who lost their jobs in the cutbacks announced this week were 830 staffers in the company’s home state of Washington.Nearly a dozen game design workers in the state were part of the layoffs, along with three audio designers, two mechanical engineers, one optical engineer and one lab technician, according to a document Microsoft submitted to Washington employment officials.There were also five individual contributors and one manager at the…
House Republicans on Thursday voted to pass President Donald Trump’s massive budget bill, making good on a promise to deliver the legislation to the president’s desk by July 4.The bill promises continuity for taxpayers by permanently extending the cuts from the 2017 Tax Cuts and Jobs Act as well as a raft of new cuts, including breaks for tipped and overtime income.The new law also includes a throwback: an above-the-line deduction on charitable contributions.The bill allows taxpayers who don’t itemize to deduct up to $1,000 for single filers and $2,000 for married couples filing jointly.”This could provide some tax savings…
Ilya Sutskever, co-founder and chief scientist of OpenAI, speaks at Tel Aviv University in Tel Aviv, Israel, June 5, 2023.Jack Guez | AFP | Getty ImagesOpenAI co-founder Ilya Sutskever said he will assume the CEO role at Safe Superintelligence, the artificial intelligence startup he launched last year.Sutskever’s announcement on Thursday comes after Meta poached Daniel Gross, a longtime entrepreneur and AI investor who had been CEO of Safe Superintelligence.In a post on X, Sutskever said Gross’ time at the company has been “winding down,” and that his last day was June 29. Safe Superintelligence co-founder Daniel Levy will now serve as…
In her late 20s, Aleese Lightyear worked in reality TV production and lived in New York City, which she thought was her dream.”At the height of my career in New York, I was probably making $100,000 a year [and] working eight months out of the year, which on paper sounds great, but New York City is one of the world’s most expensive cities, so that $100,000 went extremely fast,” Lightyear tells CNBC Make It.”I was spending all of my money going out and buying clothes so that I could be trendy and feel like I was living in the ‘Sex…
The Grok logo is being displayed on a smartphone with Xai visible in the background in this photo illustration on April 1, 2024. Jonathan Raa | Nurphoto | Getty ImagesElon Musk’s xAI attained an official permit to power its supercomputer facility in Memphis, Tennessee, using natural gas-burning turbines, according to public records shared by the company on Wednesday.The Shelby County Health Department issued the permits on July 2, despite months of protests and public hearings where local residents decried the turbines’ impact on local air quality. Musk’s artificial intelligence startup, which now owns his social media site X, will face formal emissions…
President Donald Trump’s landmark spending bill is ready to be signed into law after Republicans in both chambers of Congress eked out the necessary votes ahead of the GOP’s self-imposed July 4 deadline to send the legislation to the president’s desk.At its core, the bill permanently extends the tax cuts introduced in the 2017 Tax Cuts and Jobs Act while introducing a raft of new breaks. Some, such as an expanded child tax credit and an above-the-line deduction for charitable contributions, are permanent changes to the tax code. Others are slated to expire in 2028, at the end of Trump’s…
Long-time market bull Tom Lee is considering two new themes for his Fundstrat Granny Shots US Large Cap ETF. On CNBC’s “ETF Edge” this week, he revealed sovereign security could soon make the cut. “It’s now evident to me that the mechanisms are in motion for companies to really fix their supply chains within a sovereign border, and that’s a change,” the firm’s chief investment officer said. “That’s not going to just be one or two years.”He’s also looking at Gen Z. Lee compares the generation to millennials, who he called “the engine” of the market when Fundstrat first began researching themes…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailIn today’s episode, XRP climbs after Ripple CEO Brad Garlinghouse confirmed that the firm is applying for a banking license in the United States. Plus, CNBC Crypto World provides an inside look at the Ethereum Community Conference taking place in Cannes. And, Michael Anderson, co-founder of Framework Ventures, breaks down how the venture capital industry is thinking about the stablecoin space. Source link
President Donald Trump’s One Big Beautiful Bill Act ends long-standing federal support for solar and wind power, while creating a friendly environment for oil, gas and coal production.The House of Representatives passed Trump’s megabill Thursday ahead of a White House-imposed deadline, after the Senate narrowly approved the controversial legislation Tuesday.Trump has made his priorities on energy production clear. The U.S. will rely on oil, gas, coal and nuclear to meet its growing energy needs, the president said last weekend, bashing wind and solar power.”I don’t want windmills destroying our place,” Trump told Fox News in an interview that aired June…
