Author: Daniel snow
Crypto investor and $TRUMP token holder, Nicholas Pinto, attends gala dinner for contest winners.Nicholas PintoThe price of President Donald Trump’s meme coin plunged 16% as of Friday morning, just hours after he hosted a black-tie gala at his Virginia golf club for its biggest buyers — an elite crowd that spent a combined $148 million on the token for the chance to be there.It was billed as “the most exclusive invitation in the world.” Among the 220 attendees were crypto influencers, industry executives like Sandy Carter of Unstoppable Domains, and former NBA star Lamar Odom, who used the occasion to…
U.S. President Donald Trump issued new tariff threats on Friday that targeted the European Union and makers of smartphones, saying the E.U. will face a 50% levy on June 1 because trade talks are “going nowhere.” Source link
Artistgndphotography | E+ | Getty ImagesIf you own mutual funds, year-end payouts can trigger a surprise tax bill — even when you haven’t sold the underlying investment. But some lawmakers want to change that.Sen. John Cornyn, R-Texas, this week introduced a bill, known as the Generate Retirement Ownership Through Long-Term Holding, or GROWTH, Act. If enacted, the bill would defer reinvested mutual fund capital gains taxes until investors sell their shares.Bipartisan House lawmakers introduced a similar bill in March.Why mutual funds incur capital gains taxWhen you own mutual funds in a pre-tax 401(k) or individual retirement account, growth is tax-deferred.…
Advisers should put no price targets on an investment a client owns and give no forecasts of anticipated performance. Source link
Omar Marques | Lightrocket | Getty ImagesAnthropic on Thursday said it activated a tighter artificial intelligence control for Claude Opus 4, its latest AI model.The new AI Safety Level 3 (ASL-3) controls are to “limit the risk of Claude being misused specifically for the development or acquisition of chemical, biological, radiological, and nuclear (CBRN) weapons,” the company wrote in a blog post.The company, which is backed by Amazon, said it was taking the measures as a precaution and that the team had not yet determined if Opus 4 has crossed the benchmark that would require that protection.Anthropic announced Claude Opus…
US President Donald Trump prepares to sign executive orders in the Oval Office of the White House in Washington, DC, on May 23, 2025. Mandel Ngan | Afp | Getty ImagesPresident Trump’s social media tariffs threats against Apple and the European Union reflect a worrying issue for the markets and economy, according to trade experts and logistics experts: the negotiating process isn’t going the way Trump wants.”Trump is not wrong that the EU has been less forthcoming than other countries, but the EU also has good reason to be reluctant to engage in this kind of exercise, and so they…
A tugboat pushes a barge near the U.S. Steel Corp. Clairton Coke Works facility in Clairton, Pennsylvania, on Sept. 9, 2024.Justin Merriman | Bloomberg | Getty ImagesPresident Donald Trump said Friday that U.S. Steel and Nippon Steel will form a “partnership,” after the Japanese steelmaker’s bid to acquire its U.S. rival had been blocked on national security grounds. “This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $14 Billion Dollars to the U.S. Economy,” Trump said in a post on his social media platform Truth Social. U.S.…
Tim Cook, chief executive officer of Apple Inc., speaks during a “First Tool-In” ceremony at the TSMC facility under construction in Phoenix, Arizona, US, on Tuesday, Dec. 6, 2022.Caitlin O’Hara | Bloomberg | Getty ImagesWhen President Barack Obama asked the late Apple CEO Steve Jobs about making an iPhone in the U.S., Jobs didn’t mince words. “Those jobs aren’t coming back,” Jobs said at a dinner with Obama in 2011.The president of the U.S. and the CEO of Apple have changed, but the ambition of a “Made in the USA” iPhone remains. Defending its “reciprocal tariffs,” the White House on Tuesday said…
Shares in companies tied to nuclear power jumped Friday, helped by President Donald Trump’s rollout of four executive orders that aim to provide a boost to the sector, but there were concerns about whether there could be much of a near-term impact. Source link
On Friday, President Trump threatened to raise tariffs on imports from European Union countries to 50 percent. Source link