El Salvador has eliminated all taxes, income, property, capital gains and import tariffs, on technology innovations

El Salvador has eliminated all taxes (income, property, capital gains and import tariffs) on technology innovations, such as software programming, coding, apps and AI development. The tax cut would also encompass computing and communications hardware manufacturing, Bukele added. The Salvadoran leader is eager to make the Central American country a

LeBron James says he won't pay for Elon Musk's Twitter Blue

LeBron James says he won't pay for Elon Musk's Twitter Blue. “Welp guess my blue ✔ will be gone soon cause if you know me I ain’t paying the 5,” James tweeted. Twitter Blue will actually cost $8 per month, not $5. The 4-time NBA

First Citizens Bank, the buyer of Silicon Valley Bank's assets, is run by a billionaire North Carolina family that's bought over 20 failed banks since 2008

First Citizens Bank, the buyer of Silicon Valley Bank's assets, is run by a billionaire North Carolina family that's bought over 20 failed banks since 2008, per BI. First Citizens BancShare agreed to purchase Silicon Valley Bank after the lender was taken over by regulators due

The US will announce another $2.6 billion in new military aid to Ukraine

The US will announce another $2.6 billion in new military aid to Ukraine. This could include air surveillance radars, anti-tank rockets and fuel trucks for Ukraine. The U.S. has now pledged more then $30 billion worth of security assistance to Ukraine since the invasion. In January, it

Social Security Will End One year Earlier

According to reports from the trustees of the programs, the main trust fund reserves of the U.S. Social Security system will be depleted in 2033, which is a year earlier than the previous estimate. In contrast, the finances of Medicare have slightly improved. The Medicare Hospital Trust Fund reserves

microsoft

Contractors at Microsoft earned $90/hr in 2021, while PhD holders now earn $45/hr

Per Bloomberg In 2021, Microsoft was reportedly paying its contractors $90 an hour. Now, some tech jobs are still paying workers $120 an hour. PhD holders, on the other hand,  were only making $45 an hour. This was according to a former UX designer, Hang Xu, who ran a New

bill gates

Bill Gates plans to continue his campaigns against climate change on his private jet

Per CNBC Bill Gates has been busy with his philanthropy after his time at Microsoft. One of his focuses was on climate change, and last month, he explained why he would continue to do what he does while riding his private jet. Gates talked about his work in an interview

home prices

Median first-time buyer age reached 36 in 2022 from 29 in 1981, per NAR

Per Bloomberg The median age for first-time homebuyers has increased in the span of almost four decades. In 1981, the median age for first-time buyers was 29 but last year, the median homebuyer age reached 36. The National Association of Realtors released records that showed first-time buyers

huawei

Huawei profits dropped by 69% last year, with the company enumerating the reasons behind the decline

Per CNBC Huawei reportedly experienced a massive drop in profits by 69% in 2022. The company has enumerated the many reasons they reportedly experienced a profit drop. Huawei blamed the following. * Rising commodity prices * Strict pandemic controls in China * One-off gain related to Honor's sale * U.S.

Elon Musk

Elon Musk says Twitter Algorithms to go open source on March 31

Per CNBC TV18 Elon Musk has announced that the Twitter algorithm will finally become open source on March 31. This completes his previous announcement in February, where he initially talked about the systems becoming open source. Musk's previous statement: “Prepare to be disappointed at first when our algorithm

Schultz Vs Bernie Sanders

During the Senate hearing, Schultz claimed that the company has the right to maintain a direct relationship with its employees, who it calls "partners." He touted Starbucks as a worker-focused and generous employer, with pay averaging $17.50 an hour, which is more than the minimum wage

JPMorgan Calls for Recession

JPMorgan economists are warning clients that a series of indicators suggest the U.S. economy and stocks may falter in the coming months, despite growing hopes that the country may avoid a recession. In a Monday note, the bank's analysts led by Mislav Matejka highlight several warning signs.

US citizens residing or traveling in Russia should depart immediately, the White House has said.

An American reporter for the Wall Street Journal has been detained by Russian authorities and accused of spying. This development signals a significant escalation in tensions between Moscow and the United States, as well as Russia's crackdown on foreign news media. Evan Gershkovich, the Moscow-based correspondent, has

Donald Trump Indicted by New York Grand Jury

Donald Trump, the former President of the United States, has been indicted by a grand jury in New York. He will be the first former president to face criminal charges, but the exact charges are yet to be made public. The case is centered around a payment made to a

aids

Employers are no longer required to pay for AIDs and HIV drugs, among others

Per Bloomberg Law Employers are no longer required to cover the costs of certain drugs, including those for AIDs and HIV. This comes after the US Health and Human Services Department's implementation of the Affordable Care Act was limited. US District Court for the Northern District of Texas

META

Some Meta employees are to experience lower bonuses and more staff assessment

Per Reuters As part of Meta's cost-cutting measures, some employees are expected to receive lower bonuses and more staff assessment. Now, the staff is expected to be assessed twice a year. Per WSJ, citing an internal memo, employees that perform well by the end of 2023 in

chatgpt

ChatGPT's portfolio outperformed random ones, with managers saying the AI is a co-pilot' not a 'prophet'

OpenAI's ChatGPT has created a "sufficiently diversified" portfolio and outperformed other random portfolios. With that, portfolio managers say the AI tool can be a "co-pilot" for investors instead of a "prophet." A South Korean academic paper attempted to see if ChatGPT

kevin o'leary

Kevin O'Leary warns of 'oligopoly' of large institutions with Fed backing, saying the demise of regional banks has started

Per Business Insider Shark Tank investor Kevin O'Leary has spoken up about the recent situation regarding the collapse of regional banks. He said that their demise has begun while warning of a potential "oligopoly" of Fed-backed large institutions. O'Leary: "I say this

Michael Burry

Michael Burry changes opinion: 'I was wrong to say sell.'

"The Big Short" investor Michael Burry was famous for profiting from the subprime mortgage crisis by shorting them. After this big incident, the investor remained fairly silent with his moves until Jan 31, when he simply said: "sell," but now, he said that he was wrong

The FDIC, facing almost $23 billion in costs from recent bank failures, is considering steering a larger-than-usual portion of that burden to the nation’s biggest banks

The FDIC, facing almost $23 billion in costs from recent bank failures, is considering steering a larger-than-usual portion of that burden to the nation’s biggest banks, per Bloomberg. Per Bloomberg: The agency has said it plans to propose a so-called special assessment on the industry in

Binance to likely exit Canada

Binance to likely exit Canada, per CoinDesk. This is after CoinDesk reported that Coinbase is considering, and discussing, with regulators to stay in Canada. Coinbase’s communications director said, “We remain as committed as ever to the Canadian market as a core component of our international road map.” Binance said:

China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as an intermediary

China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as an intermediary. "The expectation is that this will reduce costs... promote even greater bilateral trade and facilitate investment," the Brazilian Trade and Investment Promotion Agency (ApexBrasil) said. China is Brazil&

Elon Musk and others call for a pause in AI research

Elon Musk and others call for a pause in AI research. They said: AI systems with human-competitive intelligence can pose profound risks to society and humanity. "...recent months have seen AI labs locked in an out-of-control race to develop and deploy ever more powerful digital minds

Italy’s government introduced a draft law that, if approved, will ban the production and sale of cultivated food

Italy’s government introduced a draft law that, if approved, will ban the production and sale of cultivated food, per Bloomberg. Per Bloomberg: Cultivated, or cell-based, meat is created by harvesting cells from live animals and providing them with nutrients so they’ll grow in bioreactors and then taking

Senator Krysten Sinema says, "It's gravely concerning that retail participants, literally everyday people, were able to figure out something was wrong with Silicon Valley Bank, before regulators took action."

Senator Krysten Sinema says, "It's gravely concerning that retail participants, literally everyday people, were able to figure out something was wrong with Silicon Valley Bank, before regulators took action." See full video: https://twitter.com/unusual_whales/status/1641027670954713088 She also notes the original reporting by