Author: Daniel snow

[ad_1] The Capitol at dawn during a vote-a-rama, on July 1, 2025 in Washington, DC. Al Drago | Getty Images News | Getty ImagesHow to read this guideFollow along from start to finish, or use the table of contents to jump to the section(s) you want to learn more about. Need a refresher on key tax terms? Start here.Trump’s 2017 tax cut extensionsTrump’s new legislation makes permanent the 2017 tax cuts while increasing these tax breaks:Standard deduction: Up from $15,000 to $15,750 (single) and $30,000 to $31,500 (married filing jointly) in 2025. Indexed for inflation.Estate and gift tax exemption: Up…

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[ad_1] Billionaire entrepreneur and investor Mark Cuban says that artificial intelligence has the potential to generate more wealth for a single person than any individual has ever accumulated before.Specifically, Cuban predicts that AI will help create the world’s first trillionaire, he said on a recent episode of the podcast “High Performance.” That person will be someone who is able to harness AI in a yet-to-be-discovered way, he added.’We haven’t seen the best, or the craziest, of what [AI] is going to be able to do,” said the 66-year-old former “Shark Tank” star. “Not only do I think it’ll create a…

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[ad_1] Short and sweet: That was this week’s stock market in a nutshell. The second half of the year kicked off in record style, with both the S & P 500 and the Nasdaq closing at multiple all-time highs, including in Thursday’s holiday-shortened session. The U.S. stock market is closed on Friday for the Fourth of July. Extending its stunning comeback from its April sell-off, Club stock Nvidia broke all kinds of records this week as its market value topped $3.9 trillion on Thursday. It ended the day up 1.3% at $159.34 a share, good for a $3.89 trillion market…

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[ad_1] 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…

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