Author: Daniel snow
Eight months ago, Elon Musk told you he could cut “$2 trillion” from the $6.7 trillion federal budget. We told you it was baloney. We were right. Source link
Dylan Field, co-founder and CEO of Figma, appears at the Bloomberg Technology Summit in San Francisco on May 9, 2024.David Paul Morris | Bloomberg | Getty ImagesDesign software company Figma filed for an IPO on Tuesday, and plans to trade on the New York Stock Exchange under ticker symbol FIG.The offering would be one of the hotly-anticipated IPOs in recent years given Figma’s growth rate and its high private market valuation. In late 2023, a $20 billion acquisition agreement with Adobe was scrapped due to regulatory concerns in the U.K. That led Adobe to pay Figma a $1 billion termination…
How many people who are watching the current budget battle over Medicaid don’t even realize they’re on Medicaid? Source link
The U.S. Capitol Building is reflected in the Capitol Reflecting Pool at sunset on June 18, 2025 in Washington, D.C. Kevin Carter | Getty Images News | Getty ImagesSome Americans ages 65 and over may be poised to see additional tax relief if Republicans’ “big beautiful” bill becomes law.Now that the Senate and House have both passed their versions of the tax and spending bill, it is up to both chambers to decide how large that new temporary deduction — called a senior “bonus” in the legislative text — will be.Per the Senate bill, the deduction would amount to up…
Meta Platforms CEO Mark Zuckerberg has been on an artificial intelligence spending blitz — and Wall Street does not seem to mind. Zuckerberg has invested tens of billions of dollars in computing infrastructure and research and development, and he’s worked tirelessly to implement AI across the internal organization and to enhance user engagement and ad targeting on Instagram and Facebook. In the latest phase of these efforts, Zuckerberg has ripped a page out of New York Mets owner Steve Cohen’s playbook and thrown huge amounts money at top AI talent to build out a “superintelligence” unit, with the goal of…
Higher-earning workers may get better remote work arrangements, which builds tension in the workplace. Source link
A customer tries on the Apple Vision Pro headset during the product launch at the Apple Store in New York City on February 2, 2024. Angela Weiss | AFP | Getty ImagesApple has accused a former engineer for its Vision Pro headset computer of stealing company trade secrets before starting a new job at Snap, according to a lawsuit filed in California last week.In the June 24 court filing, Apple accuses Di Liu, a senior design engineer, of downloading thousands of documents in his final days at the Cupertino company last year and saving them to his personal cloud accounts.This lawsuit…
Shares of the movie-theater chain and original meme stock dropped as nearly 80 million common shares are exchanged for debt maturing in 2030. Source link
The sprawling bill could increase the deficit by $4 trillion. Could that tank the Big Beautiful Bill’s chances in the House? Source link
Are Trump’s tariffs ethical? By any measure, no — but here’s how they could be. Source link