Business
ToplineFTX cofounder Sam Bankman-Fried has filed a formal request for a presidential pardon, asking President Donald Trump to erase the estimated fraud charges tied to the crypto exchange’s implosion—a long-shot bid that comes after Trump said in January he was not planning to grant the FTX founder any clemency.Key FactsThe…
I’m on the road again! It’s tax conference season, and my first stop in June was San Antonio, Texas, for The Tax Retreat. It’s been a terrific experience meeting up with my fellow tax professionals. I even ran into Charles Barkley (okay, I suspect he was here for the NBA…
Last week, Drake completely dominated Billboard’s R&B, hip-hop and rap charts. He had three albums’ worth of material for fans to consume, as he dropped a trio of full-lengths – Iceman, Habibti and Maid of Honour – at the same time. As is typically the case whenever a musician fills…
The Education Department updated key online guidance for federal student loan borrowers in advance of historic changes to disbursement, repayment, and loan forgiveness that are set to take effect on July 1. The updates provide key points of clarification as millions of borrowers struggle to understand the implications of the…
Netflix continues its bumpy pursuit of an original film lineup, with some stellar hits and other big misses. Plus, there’s the endless debate over what should or should not be allowed to hit theaters, however briefly. One that has been planted firmly on Netflix and Netflix alone is Office Romance,…
When Ariana Grande delivers the first single from a new album, her fans typically respond with such fervor that the tune debuts at No. 1 on the Billboard Hot 100. Launching a song atop the most competitive ranking for individual tracks in America used to be a nearly unheard-of feat,…
Elon Musk loudly quit California after years of attacking its taxes, politics and business climate, moving SpaceX to Texas. Now the biggest fiscal event of his career could hand the state he trashed a giant tax windfall anyway.That is the awkward punchline hanging over SpaceX’s expected IPO next week. Because…
ToplineBorder czar Tom Homan said Monday New York would see an unprecedented surge in ICE agents—a sign the Trump administration is reverting back to its aggressive immigration enforcement tactics after pulling back the effort when federal agents killed two Americans at anti-ICE demonstrations earlier this year.Key FactsHoman told Fox News,…
Last week on the PGA Tour it was Russell Henley coming from behind to beat Eric Cole in a playoff at the Charles Schwab Challenge, and it was another playoff this past week at the Memorial to decide who would win the signature event. The final round of the 2026…
Elon Musk loudly quit California after years of attacking its taxes, politics and business climate, moving SpaceX to Texas. Now the biggest fiscal event of his career could hand the state he trashed a giant tax windfall anyway.That is the awkward punchline hanging over SpaceX’s expected IPO next week. Because…
If you bought $10,000 worth of Amazon shares in 2006, your investment would be worth over $1.4 million today. You can stop reading now, or maybe not. Wayne Duggan at U.S. News & World Report calculated the above stat. For some it’s the source of awe. For others it’s the…
ToplineBillionaire Bill Gates was warned in 2014 to maintain a “healthy distance” from Jeffrey Epstein—by an associate who appeared to stay friendly with Epstein until his death—according to an email reported Sunday by The Wall Street Journal, raising new questions about Gates’ relationship with Epstein as the Microsoft cofounder prepares…
Gen Z is coming of age in an economy where the traditional path to prosperity no longer works, and instead of giving up, they’re beginning to build new ones. For 70 years, the American Dream followed a predictable sequence: school, job, promotion, mortgage, house, financial freedom. But for many young…
Elon Musk loudly quit California after years of attacking its taxes, politics and business climate, moving SpaceX to Texas. Now the biggest fiscal event of his career could hand the state he trashed a giant tax windfall anyway.That is the awkward punchline hanging over SpaceX’s expected IPO next week. Because…
ToplineA federal judge on Monday struck down President Donald Trump’s $100,000 fee for H-1B visa applications, ruling the new fee unlawfully increased the cost of the visa program relied on heavily by the U.S. tech industry.Key FactsJudge Leo Sorokin vacated the $100,000 fee and ruled it was an “unlawful” tax,…
Gift card draining has become a major problem with organized crime groups, primarily Chinese gangs, operating wide-scale gift card draining. Gift card draining occurs when scammers tamper with gift cards in a store so that when an unwitting customer buys a gift card, the value of the gift card becomes…
ToplinePresident Donald Trump said he wants Acting Director of National Intelligence Bill Pulte to begin slashing staff at the agency, he told The Wall Street Journal Friday, as his appointment of Pulte, a controversial figure in the Trump administration, has been widely criticized.Key FactsTrump said Pulte can be “less shackled”…
Elon Musk loudly quit California after years of attacking its taxes, politics and business climate, moving SpaceX to Texas. Now the biggest fiscal event of his career could hand the state he trashed a giant tax windfall anyway.That is the awkward punchline hanging over SpaceX’s expected IPO next week. Because…
More than 11,000 borrowers received student loan forgiveness last month under a popular program for public service workers, according to new data the Education Department updated on Tuesday. But the rules governing that loan forgiveness program are just weeks away from significant changes which, if enacted, could soon block some…
Kevin Warsh, the new Fed chair, is about to be sworn in on May 22, 2026. Warsh has historically been associated with a more hawkish stance on monetary policy. Yet pressure from President Trump has led to comments about lowering interest rates, which is typically considered a more dovish economic…
ToplineBillionaire Mark Cuban, the co-founder of online pharmacy Cost Plus Drugs, sparked blowback Monday for appearing with President Donald Trump at a White House event to announce an expansion of the TrumpRx platform, later deleting an X post defending his appearance that suggested anyone who “thinks I’m going to put…
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