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Trump's $1.8bn ‘anti-weaponization' fund scrapped, acting attorney general Todd Blanche confirms - as it happened The GuardianJustice Dept. Won't Proceed With Trump's $1.8 Billion Fund, Blanche Says The New York TimesTrump administration abandons $1.8 billion payout fund after revolt by GOP The Washington PostTrump still protected from tax enforcement, but anti-weaponization fund is dead, Blanche says CNBC
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Effort has driven up prices and prompted calls to restrict sales of a vital national security resource to overseas buyers
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Research published by the Federal Reserve Bank of New York found that work-from-home set-ups may be fueling the unemployment rate among recent college graduates.
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Goldman Sachs CEO David Solomon's comments come as investors prepare for what will be one of the busiest periods for equity issuance in years.
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Microsoft Wants to 'Make People Addicted' to its New AI Assistant, Internal Documents Reveal 404 MediaIntroducing Microsoft Scout: Your always-on personal agent MicrosoftMicrosoft Launches AI That Works Like an Executive Assistant Bloomberg.comMicrosoft unveils Scout, an autonomous AI agent built on OpenClaw Computerworld
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New Jersey Rep. Tom Kean Jr. says he's 'energized' but appears to push back timeline for return PoliticoA Congressman Was Suddenly Absent. So We Looked. And Looked. The New York TimesDemocrat Rebecca Bennett will take on GOP Rep. Tom Kean Jr., who has been absent from Congress NBC NewsTrump endorses mysteriously missing congressman Tom Kean Jr BBCThis GOP congressman is running unopposed in Tuesday's primary. He's been missing from Washington for nearly three months CNN
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Lingerie retailer's shares were up 47% on Tuesday.
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It might not be today, it might not be tomorrow, but at some point, this bull market is going to end.
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Beijing warns brokers about overseas share sales amid fears of capital flight
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S&P 500 scales to fresh record high as Nvidia leads chips higher: Live updates CNBCTrading Day: Talks tech = boom! Yahoo FinanceStock Market Today: Dow, S&P 500 and Nasdaq move higher, pushing towards new records; semiconductor stocks gain MarketWatchStocks Close Out a Strong May | Markets P.M. for May 29 WSJ
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Meet the Jacksonville, Florida, companies that made Inc.'s 2026 Best Workplaces list for their outstanding company culture and benefits.
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The world's most valuable company is entering the PC chip market, partnering with Microsoft to reimagine the computer for AI.
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Megan Duong's Plot has closed a follow-on seed round, just over a year after its initial $4 million raise.
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California Governor Primary Election 2026 Live Results NBC NewsNew Mexico U.S. Senate Primary 2026: Live Election Results, Lujan vs. Dodson The New York TimesThe mystery behind Becerra leapfrogging over his rivals in California's governor's race Los Angeles TimesDemocrats are at a huge crossroads in California governor's race | Normon Solomon The Guardian
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Why Trump selected an acting director of national intelligence with no intel experience CNNTrump names housing chief Bill Pulte acting intelligence director, replacing Tulsi Gabbard CNBCTrump's intel pick delights MAGA and shocks nation's spies PoliticoThune on Pulte pick: ‘We don't need a weaponized' director of national intelligence The HillTrump taps housing official Bill Pulte to be US spymaster BBC
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Stock Market Today: Dow Edges Up as AI Fervor Powers Tech Stocks — Live Updates WSJS&P 500 scales to fresh record high as Nvidia leads chips higher: Live updates CNBCStock market today: Dow, S&P 500 build on records as US-Iran tensions weigh on AI optimism Yahoo FinanceOil prices rise, but not by enough to keep Wall Street from more records AP News
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Comments underscore bullish outlook that helped push S&P 500 to records on half of all trading days last month
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The Bureau of Labor Statistics reported that available employment hit 7.6 million for the month, a surge of 731,000 from the prior month.
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The "latest advancements at the AI frontier have increased the level of urgency around cybersecurity," Palo Alto Networks' CEO said.
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White House correspondents' dinner gets a second act after attempted assassination The Washington PostWhite House Correspondents' Dinner rescheduled for July with ‘enhanced security measures' NBC4 WashingtonTrump to attend delayed White House Correspondents' Dinner after shooting Al Jazeera
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Tuesday is a big primary day. Here are key races to watch NPRLive updates: Midterm primary elections underway in California, Iowa and other states as polls close in New Jersey NBC NewsMidterm primaries 2026 live: results and reaction as six states including California and Iowa cast ballots The GuardianTuesday's wild races for California governor and Los Angeles mayor, and other elections to watch CNN
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Microsoft testing wearable AI gadget aimed at office workers BBCMicrosoft unveils new AI models to lessen reliance on OpenAI and lower costs for developers CNBCBuild 2026: Furthering Windows as the trusted platform for development Windows BlogMicrosoft's Project Solara is an Android OS designed for agents instead of apps Ars Technica
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Victoria's Secret Hits Record High as Bra Strategy Resonates Yahoo FinanceBra Sales Power Victoria's Secret Turnaround and Shares Soar WSJVictoria's Secret soars 50% as turnaround powers upbeat annual forecasts ReutersVictoria's Secret's stock just had its best day ever. It came down to better bras. MarketWatch
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Ulta Beauty beat on the top and bottom lines for its fiscal first quarter on Tuesday as CEO Kecia Steelman praised the company's strategy.
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Tech offers more equity to hungry investors
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Why Google wants to release millions of mosquitoes in the US DWDebugging: Google requests permission to release 32m mosquitoes in California and Florida The GuardianGoogle applies for permit to release 32 million mosquitoes in Calif. SFGATEWhy Google wants to release 32 million weird mosquitoes in Florida The Palm Beach Post
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The conglomerate raised its stake in Alphabet by $10 billion.
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Five people have left hantavirus quarantine facility in Nebraska The Washington Post5 People Leave Hantavirus Quarantine in Omaha The New York TimesState trooper guards and daily fever checks: Some hantavirus cruise ship passengers go home NBC NewsUS cruise passenger quarantining for hantavirus says he will remain in Nebraska for full 42 days ABC News - Breaking News, Latest News a
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Police negotiate in hostage situation at Chase Bank amid bomb threat in downtown KMPHActive bomb threat, hostage situation at Chase Bank; BPD saying community members inside ‘are safe' KGET.comMan barricades himself inside Southern California bank with hostages, police say The Independent
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Rubio details U.S. demands as Iran peace talks falter The Washington PostRubio battles Democrats on Iran, Taiwan, Ebola, boat strikes: 5 takeaways The HillKey Trump administration Cabinet members face hearings on Capitol Hill CNN
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Late for Work: Looking at Blockbuster Myles Garrett, A.J. Brown Trades From Ravens' Perspective Baltimore RavensUpdated NFL Power Rankings After Myles Garrett, A.J. Brown Blockbuster Trades Bleacher ReportChloe Kim Reacts to Boyfriend Myles Garrett's Trade from Browns to Rams in NFL Blockbuster People.comMyles Garrett gives the Rams a better shot at winning the Super Bowl, but was he worth the cost? CBS Sports
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Florida Property Tax Cut Raises Questions Over Who Pays the Bill Newsweek‘Concerned is probably an understatement:' Florida cities brace for property tax blow Orlando SentinelFlorida Legislature approves property tax cut proposal for November ballot NBC 6 South FloridaFlorida lawmakers vote to put unprecedented tax cuts on the November ballot Miami Herald
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Barry Diller's People Inc. extended an offer for MGM Resorts at $48.30 per share.
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Foreign firms that launched their own businesses after Beijing relaxed ownership rules have attracted only $5bn
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Artificial intelligence companies are quietly consuming your company's most valuable asset. Here's what some leaders are doing about it.
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Berkshire Hathaway is buying Alphabet's stock at a discount as part of a newly announced equity offering.
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The AI-Driven Enterprise Institute released new research that breaks down the degree to which S&P 500 companies are adopting AI compared with their peers.
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Berkshire's purchase of homebuilder Taylor Morrison gives the conglomerate a larger foothold in housing and appears to have been struck at a bargain valuation.
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The AI boom that has funneled more than $250 billion into OpenAI and Anthropic has left hundreds of startups built before ChatGPT's arrival in 2022 stranded.
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The leader of the Catholic Church warned about artificial intelligence upending the labor market. Traders on Kalshi see unemployment jumping before 2030.
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Founder Greg Mesch's departure comes weeks after Goldman Sachs and Mubadala back further expansion of network
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The 2022 crypto price crash understandably has some investors concerned. But for those of you who haven't run for the hills, it's worth knowing that cryptocurrency currently has the attention of not only the Biden administration, and Congress, but the IRS as well. In terms of crypto news and taxes, the IRS recently proposed changes to cryptocurrency tax reporting question on the Form 1040. The agency will also receive $80 billion from the Inflation Reduction Act, some of which will be directed to digital asset enforcement—including cryptocurrency tax compliance.
Additionally, you may have heard that the IRS continues to successfully obtain court orders to require cryptocurrency brokers and exchanges to provide information to the IRS. That information concerns investors who failed to report and pay taxes on cryptocurrency transactions.
And while this IRS enforcement focus isn't new, recent crypto announcements and developments from Congress, the Biden administration, and the IRS, mean that it's important to stay up-to-date on crypto tax reporting and compliance. So, here's some information to get you started.
How Crypto is Taxed
A common question about cryptocurrency concerns how crypto is taxed. The answer is that cryptocurrency is considered property, so it's taxed by the IRS in the same way that other capital assets are taxed. As a result, when you sell or trade crypto, you can have asset losses and potential taxable gains depending on the fair market value of the virtual currency, and your basis in the crypto.
SEE MORE 9 Ways to Cut Crypto Taxes Down to the Bone
Given that, it
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There's no way to sugarcoat this: Small and midsize businesses should be scared to death about the consequences of the Inflation Reduction Act. Unless they provide goods and services to the green energy industry, the law's unforeseen consequences could increase their operating expenses in two ways. Here's what to expect — and how to prepare.
SEE MORE Audit-Proof Your Small Business
The Inflation Reduction Act is essentially a climate change law with some health care benefits. While the new legislation doesn't include any direct tax increases on small and midsize businesses, some of its provisions have the potential to raise costs for these companies significantly.
First Reason Why Cost of Business Could Be Going Up
For one, your chances of being audited may be going up. The new bill substantially expands the Internal Revenue Service's budget: More than half of the $80 billion increase in the IRS budget over 10 years will be used to beef up enforcement through new technology and new hires. That means more audits for companies that are the least able to financially manage them. I worry for businesses that gross $5 million or less since they usually don't have excess funds to pay a lawyer $50,000 to fight the IRS if their matter proceeds to court.
In a letter to the Senate, the agency's commissioner said, "These resources are absolutely not about increasing audit scrutiny on small businesses or middle-income Americans." Even so, with the hire of new auditors, it's likely that people with little or
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Activity in China's critical manufacturing sector fell to its lowest level in three years in February, weighed on by weak global demand and the long Lunar New Year holiday.
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