Author: Daniel snow

The Senate has begun deliberations over President Donald Trump’s massive “Big Beautiful Bill” that narrowly passed the House on May 22.Bloomberg | Bloomberg | Getty ImagesThe Senate version of the One Big Beautiful Bill Act includes a temporary enhanced deduction for seniors ages 65 and up. The House of Representatives also proposed such a tax break in its text, calling it a “bonus.”Notably, the Senate is calling for a deduction of up to $6,000 per qualifying individual. The House included a $4,000 deduction.The senior “bonus” is in lieu of the elimination of taxes on Social Security benefits that President Donald…

The “No Robo Bosses Act” is an attempt to keep humans in the loop for important workplace decisions. Source link

These companies have reduced their share counts the most over the past 10 years Source link

Amazon’s Zoox robotaxi unit is ramping up vehicle production at a new facility in Hayward, California.ZooxAmazon-owned autonomous vehicle startup Zoox on Wednesday opened a sprawling new manufacturing facility in the San Francisco Bay Area, paving the way for more robotaxi production as it plans a commercial rollout of its fleet later this year.The company will use the site in Hayward, California, to increase its robotaxi fleet significantly. The facility is currently producing one robotaxi per day, but Zoox said it expects to accelerate production over the coming year.At full scale, it will have the capacity to assemble 10,000 robotaxis a…

‘I’d do a much better job’: Trump blasts Powell as Fed expected to hold rates steady Source link

Gold and crypto are two very different assets: The former is seen as a safe haven that tends to increase in value as other investments fall, while the latter can be quite volatile but has seen dramatic growth. Source link

Representations of cryptocurrency Binance are seen in front of displayed Nobitex logo and Iran flag in this illustration taken November 3, 2022. Dado Ruvic | ReutersIran’s largest cryptocurrency exchange, Nobitex, was hacked for more than $90 million Wednesday, according to blockchain analytics firm Elliptic.The funds were drained from platform wallets into addresses bearing anti-government messages explicitly referencing Iran’s Islamic Revolutionary Guard Corps, or IRGC, pointing to a politically motivated cyberattack, Elliptic said.Pro-Israel hacking group Gonjeshke Darande, or “Predatory Sparrow,” claimed responsibility for the attack and said it would release the exchange’s source code. Elliptic said the exchange was offline at…

President Donald Trump speaks about a flag pole being installed on the South Lawn of the White House, Wednesday, June 18, 2025, in Washington.Evan Vucci | APWith the Federal Reserve just hours away from its latest decision on interest rates, President Donald Trump on Wednesday lambasted Chair Jerome Powell, calling him “stupid” while he doubted the central bank would cut.In his latest in a series of attacks on Powell that go back years, Trump said the Fed’s key borrowing rate should be at least 2 percentage points lower.”So we have a stupid person. Frankly, you probably won’t cut today,” Trump…

Rolls of steel are seen before the US president speaks during a rally at US Steel – Irvin Works in the Pittsburgh suburb of West Mifflin, Pennsylvania, on May 30, 2025.Saul Loeb | AFP | Getty ImagesU.S. Steel shares stopped trading on the New York Stock Exchange on Wednesday after Japan’s Nippon Steel completed its acquisition of the iconic American industrial name. President Donald Trump has insisted for weeks that the companies would form a “partnership” in which U.S. Steel would remain American owned. But the New York Stock Exchange notified the Securities and Exchange Commission on Wednesday that U.S.…

Labor activist Ai-jen Poo, featured in Bradley Cooper’s PBS “Caregiving” documentary, says “the story of caregiving in America is everyone’s story.” Source link