OpenAI CEO Sam Altman With $2 Billion Net Worth Commits Half His Fortune to Philanthropy
Sam Altman, CEO of OpenAI, has announced his commitment to donate the majority of his wealth to philanthropic causes, aligning himself with other billionaires who have pledged significant contributions.
May 31, 2024 11:30 AM EDT
IRS Permanently Extends Free Filing Option, Encourages State Collaboration
The IRS said on Thursday that it will extend its trial of a free electronic tax return filing system to all 50 states as well as the District of Columbia, requesting that they assist taxpayers in completing their forms through the program by 2025.
65% of Gen Z Prioritizes Travel Despite Financial Risks
According to a Bank of America survey published on May 20, Gen Z is more likely than previous generations to be planning travels abroad since they are no longer content with taking road trips to their parents' houses.
Student Loan Debt Hinders Retirement for Around 2.2 Million Over 55
There's another group of debtors-Americans over 55 who are getting close to retirement-who are frequently disregarded and have their own unique set of difficulties.
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IRS Data Breach: Files of At Least 50,000 Americans Stolen
A victim of the heist wrote a commentary for the Wall Street Journal today, claiming that the IRS hacker took the tax files of between 50,000 and 70,000 individuals, making it the greatest theft of private taxpayer information in American history.
May 29, 2024 12:13 PM EDT
Tesla Shareholders Consider Elon Musk’s $56 Billion Compensation After Judge Says He Improperly Rewarded
A two-month dispute between Elon Musk's allies and adversaries surrounds the reinstatement of the tech billionaire's record $56 billion compensation package.
May 29, 2024 11:31 AM EDT
California Drivers Feeling the Pinch, State Mulls Measures to Lower Gas Prices
Given the skyrocketing cost of petrol in California, legislative representatives have announced a detailed strategy to solve the problem.
May 28, 2024 9:48 PM EDT
Retailers Slash Prices to Woo Budget-Conscious Customers This Summer
There may be additional reasons for Americans to rejoice in the return of warmer weather if they spend Memorial Day shopping for deals both online and in physical locations.
May 28, 2024 5:49 PM EDT
Gold, Silver, Copper Cool Off After Record Climbs, Experts Predict More Gains
The price of gold has been rising to all-time highs; on Monday, spot gold reached a fresh peak of $2,449.89 per ounce. Prior to this past week, industrial metal copper and silver both reached multi-year highs.
May 28, 2024 5:29 PM EDT
Florida Communities Build Permanent Disaster Funds
Last year, the United States set a new record for the highest number of disasters causing over $1 billion in damages. The National Oceanic and Atmospheric Administration's forecast for the 2024 Atlantic hurricane season, starting June 1, predicts at least 17 named storms and four to seven major hurricanes.
May 28, 2024 3:56 PM EDT
NCAA Agrees to Payout, Redefining College Athlete Compensation
A $2.8 billion deal that ends an antitrust case against the National Collegiate Athletic Association and the country's five largest conferences will compensate thousands of student-athletes, both current and former. Now, the difficult part will be deciding how much each participant receives and why.
May 27, 2024 3:32 PM EDT
$2,000 Stimulus for Seniors Ready for Release? Details on Eligibility, Timing Scarce
The US Federal Government plans to provide the $2000 Seniors Stimulus Checks, which are intended primarily for seniors from low-income families.
May 27, 2024 3:19 PM EDT
Proxy Firm Questions Musk's $56 Billion Compensation Proposal
The $56 billion compensation proposal for Tesla CEO Elon Musk, if approved, would be the highest pay package for a CEO in corporate America, according to a statement made on Saturday by proxy consulting company Glass Lewis.
May 27, 2024 3:19 PM EDT
US Escalates Airbus Dispute, Hikes Tariffs on European Aircraft
Amid a nearly 16-year transatlantic battle over aviation subsidies, the U.S. government said on Friday that it will raise duties on airplanes imports from the European Union to 15% from 10%. This move will put further pressure on Brussels.
May 25, 2024 12:22 PM EDT
Artificial Intelligence, Millennial Inheritance Could Spark Stock Market Surge
Some investors may worry about market volatility ahead, given a contentious presidential race, lingering inflation, sinking consumer sentiment, and uncertainty over Federal Reserve interest rate cuts.
May 25, 2024 12:22 PM EDT
Beef, Condiments Increase Prices to Over 10% Ahead of Memorial Day
For barbecue staples like ground beef, hot dogs, buns, relish, ketchup, and mustard, consumers will pay, on average, somewhat more this year than in 2023, according to Datasembly.
May 25, 2024 12:18 PM EDT
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