A proposed wealth tax aimed at billionaires hasn’t yet qualified for California’s ballot, but it’s already sparked intense pushback from tech founders in the state. It started when the New York Times reported that venture capitalist Peter Thiel and Google...
We’ve all heard the traditional advice that the best investments are those made in the stock market, saving in a 401(k), and buying a house. But younger generations have started touting nontraditional investments like buying a Birkin bag or other...
Mark Zuckerberg’s decision to cut off funding to the pro‑immigration group FWD.us marks a sharp turn away from the high-profile social advocacy that once defined his philanthropy, even as MacKenzie Scott is emerging as the era’s most aggressive backer of...
OpenAI may be building up to one of the largest initial public offerings ever, but CEO Sam Altman says he is not necessarily looking forward to helming a public company. “Am I excited to be a public company CEO? 0%,”...
OpenAI released a new flagship image generation model today as it moves to counter recent concerns that it is slipping behind rivals in the race to capture both consumer and business mindshare. The new image generation model allows for more...
Two U.S. service members and one American civilian were killed and three other people wounded in an ambush on Saturday by a lone member of the Islamic State group in central Syria, the the U.S. military’s Central Command said.The attack on...
Claudia Sahm thinks investors should rethink what they’re salivating for.The Federal Reserve is likely to deliver its third interest rate cut of the year on Wednesday, a move widely understood to be insurance against the bottom completely falling out of...
JPMorgan Chase CEO Jamie Dimon reiterated a nuanced and overall upbeat view about the effect of artificial intelligence on the economy.In an interview with Fox News’ Sunday Morning Futures, the head of the world’s biggest bank acknowledged businesses have been...
Kevin Hassett, director of the National Economic Council and the current favorite to take over as Federal Reserve chairman, argued on Thursday President Donald Trump’s sweeping tariffs are playing a meaningful role in tackling America’s $38 trillion national debt. In...
Tariff revenues are dramatically falling short of initial White House expectations, generating roughly $100 billion less than projected, according to a recent analysis from Pantheon Macroeconomics. Treasury Secretary Scott Bessent predicted in August that tariffs would raise “well over half...
