Elon Musk on Tuesday defended his “Department of Government Efficiency” against critics, saying the unaccountable cost-slashing task force represents the will of American voters who elected President Donald Trump. “That’s what democracy is all about,” said Musk, who contributed more than $250 million to getting Trump elected. Musk, with one of his young sons in tow, stood alongside Trump in the … Read more
Palmer Luckey, founder of Oculus and Anduril Industries, speaks during The Wall Street Journal’s WSJ Tech Live conference in Laguna Beach, California on October 16, 2023. Patrick T. Fallon | AFP | Getty Images Anduril Industries, Palmer Luckey’s defense-tech startup, will take over Microsoft‘s multibillion-dollar augmented reality headset program with the U.S. Army, the companies … Read more
Coroimage | Moment | Getty Images If you worked remotely in 2024, you may be eyeing the home office deduction. However, qualifying for the tax break may be harder than you expect, experts say. Only 7% of companies allowed fully remote work in 2024, down from 21% in 2023, according to a ZipRecruiter survey that … Read more
A seller holds up a bottle of Casamigos, tequila from Diageo, the world’s leading spirits maker, as U.S. President-elect Donald Trump plans to impose tariffs on Mexico that could affect up to $1.6 billion in tequila sales, at a liquor store in Monterrey, Mexico, December 10, 2024. Daniel Becerril | Reuters The U.S. spirits industry … Read more
Wall Street is looking toward Wednesday’s consumer price index report for insights on the economy. With inflation concerns at top of mind for investors, the CPI report could jolt the market either higher or lower. The data is scheduled for release at 8:30 a.m. Dow Jones economists expect the headline inflation rate to have risen … Read more
U.S. Vice President JD Vance speaking at the AI Action Summit in Paris, France, on Feb. 11, 2025. Bloomberg | Bloomberg | Getty Images The U.S. and Britain refused to sign an international declaration on artificial intelligence at France’s AI Action Summit. The Paris AI summit’s communique, entitled “Statement on Inclusive and Sustainable Artificial Intelligence,” showed … Read more
As tax season revs up, investors might be on the hook for reporting – and paying – obligations on their tax-free municipal bonds. Investors are likely gathering the documents they need to file their 2024 tax returns, which are due on April 15. It was a big year for income-generating investments , even as the … Read more
Sam Altman, CEO of OpenAI, at Station F, is seen through glass, during an event on the sidelines of the Artificial Intelligence Action Summit in Paris, France, Feb. 11, 2025. Aurelien Morissard | Via Reuters OpenAI CEO Sam Altman told employees in a memo on Tuesday that the company hasn’t received “anything official” from Elon … Read more
Philadelphia Eagles head coach Nick Sirianni and Jalen Hurts celebrate with the Vince Lombardi Trophy after winning Super Bowl LIX Mike Segar | Reuters The Philadelphia Eagles weren’t the only ones who scored big at the Super Bowl. The NFL’s championship game attracted a record 127.7 million viewers on Sunday, according to Nielsen Media Research. … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email On today’s episode of CNBC Crypto World, bitcoin dips while Cardano’s ADA token spikes after Grayscale proposes an ETF backed by the cryptocurrency. Plus, an Alabama man pleads guilty to hacking the SEC’s X account to claim bitcoin ETFs had been approved. … Read more