A relatively underappreciated constituency is raising the alarm about President Donald Trump’s “big, beautiful bill” — gamblers.Tucked into the nearly 900-page legislation is a change to how gambling losses are taxed that some professional and amateur bettors say could crush the industry.The provision, only a few paragraphs, would limit what gamblers can deduct from their yearly taxes to 90% of their losses starting in 2026. Currently, bettors can deduct the entirety of their losses, up until their winnings.What a number of gambling aficionados pointed out on social media was that by limiting the tax deduction to 90% of losses, gamblers could actually…
Author: usaeverydaylife
Condiments are getting an upgrade. Chefs are taking their signature sauces and dips outside the kitchen. And “swicy” still reigns.Those food trends were all on display at the Specialty Food Association’s Summer Fancy Food Show, which returned to the Javits Center in New York this week.From Sunday to Tuesday, more than 2,000 exhibitors showed off a range of specialty food and drinks, offering attendees a glimpse at the products headed for grocery aisles and restaurants in the near future.”It’s always been the show where people go to see the trends,” said Christine Couvelier, a culinary trend spotter and founder of…
CANNES — Wall Street’s new plumbing is being built on Ethereum and this week its architects took over the same French Riviera villas and red carpet venues that host the Cannes Film Festival in May.The Ethereum Community Conference, or EthCC, took over the beachside town that was swarming with crypto founders, developers, and some of the institutional giants now building atop the infrastructure.The crypto elite climbed the iconic red-carpeted steps of the Palais des Festivals — a cinematic landmark now repurposed as the stage for Ethereum’s flagship European event.”The atmosphere this year was palpable in Cannes,” said Bettina Boon Falleur,…
Summer is in full swing, and more and more people are heading on vacation or planning one. With the price of hopping on a flight fluctuating so much right now, you might want to consider a destination you can just drive to.”You can make a road trip out of the vacation, take your time, and actually enjoy the journey. They’re often more affordable, less crowded, and full of quiet beauty,” Hilary Fischer-Groban, Senior Director of Global Brand, Insights and Comms at Tripadvisor, tells CNBC Make It.”It’s a chance to slow down, unplug, and get the kind of reset a packed…
NY Attorney General Letitia James speaks during a press conference at the offices of the Attorney General on January 08, 2025 in New York City. Michael M. Santiago | Getty ImagesNew York state was sued on Wednesday by the National Retail Federation over a new law requiring retailers to tell customers when their personal data are being used to set prices, known as surveillance pricing.The world’s largest retail trade group said New York’s Algorithmic Pricing Disclosure Act, which would take effect on July 8, violates many members’ First Amendment free speech rights.Governor Kathy Hochul signed the first-in-the-nation law in May, saying the practice of charging different prices based…
Sopa Images | Lightrocket | Getty ImagesScammers impersonating the President Donald Trump and Vice President JD Vance Inaugural Committee fraudulently stole hundreds of thousands of dollars in cryptocurrency, according to a complaint filed by the U.S. on Wednesday.The perpetrators used phony email addresses made to look like they belonged to the inaugural committee to ” trick or coerce victims into providing them money,” according to the filing.Using email addresses that end in “@t47lnaugural.com” with a lowercase “l” as opposed to “@t47inaugural.com” with a lowercase “i,” the scammers duped victims into sending them more than 250,300 in USDT stablecoin, or about $250,300.…
President Donald Trump used an antisemitic slur to describe exploitative bankers during a speech Thursday as he touted congressional passage of his massive domestic policy bill.Trump made the remark in Des Moines, Iowa, at what was billed as an event by a nonpartisan group to kick off celebrations for next year’s 250th anniversary of the Declaration of Independence. But Trump’s campaign-style speech quickly took on a partisan tone, with the president expressing “hate” for the Democrats who voted against his “big, beautiful bill.”While ticking through the bill’s provisions, Trump described one aimed at protecting family farmers by allowing them to pay a…
OpenAI CEO Sam Altman, pictured, speaks with SoftBank Group CEO Masayoshi Son at an event in Tokyo on Feb. 3, 2025.Tomohiro Ohsumi | Getty Images News | Getty ImagesOpenAI CEO Sam Altman posted on X Friday, saying he finds himself “politically homeless” as the Democratic party is no longer aligned with encouraging a “culture of innovation and entrepreneurship.”Altman, whose company is a leader in artificial intelligence, made the post in celebration of the Fourth of July, saying he is “extremely proud to be an American” and believes the U.S. “is the greatest country ever on Earth.” He used the post…
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesTesla CEO Elon Musk, who bombarded President Donald Trump’s signature spending bill for weeks, on Friday made his first comments since the legislation passed.Musk backed a post on X by Sen. Rand Paul, R-Ky., who said the bill’s budget “explodes the deficit” and continues a pattern of “short-term politicking over long-term sustainability.”CNBC has reached out to the White House for comment.The House of Representatives narrowly passed the One Big…
From the battlefield to the halls of Congress, a shake-up is underway that will change how armed forces around the world prepare for conflict and engage with adversaries. June began with a wake-up call about how versatile and effective drones could be in warfare. After 18 months of planning, Ukraine successfully smuggled containers armed with drones inside Russia’s borders and inflicted damage on aircraft parked at five far-flung air bases. The daring “Operation Spiderweb” proved how efficient these relatively low-cost defense technologies can be, and offered an eye-opening example of new threats that exist. President Donald Trump has since signed…
