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Key Takeaways Walmart, Amazon, and Expedia are exploring stablecoins to reduce transaction fees for card payments. The adoption of stablecoins by retailers depends on the Genius Act, which would regulate their use. Share this article Top American retailers and travel companies, including Amazon, Walmart, and Expedia, are weighing the launch of their own stablecoins to … Read more
The owner’s box could soon be less opulent. A lucrative tax break that sports team owners can use to shelter billions of dollars of income would be halved in value under House Republicans’ draft legislation to enact Donald Trump’s signature tax plan. The tax break came under fire after a 2021 ProPublica investigation based on leaked returns … Read more
“I wonder how much money OpenAI has lost in electricity costs from people saying ‘please’ and ‘thank you’ to their models.” It was a seemingly random question posed by a user on X (formerly Twitter), but OpenAI CEO Sam Altman jumped in to reply that typing those words has added up to “tens of millions … Read more
From contributions to conversions to distributions, don’t fall into these traps when managing your IRA. Waiting until the 11th hour to contribute Investors have until their tax-filing deadline—usually April 15—to make an IRA contribution if they want it to count for the year prior. Many investors squeak in their contributions right before the deadline rather than investing when they’re … Read more
President Donald Trump announced Friday that Boeing will build the Air Force’s future fighter jet, which the Pentagon says will have stealth and penetration capabilities that far exceed those of its current fleet and is essential in a potential conflict with China. Known as Next Generation Air Dominance, or NGAD, the manned jet will serve … Read more
Nearly 80% of the toys sold in the U.S. are sourced from China, according to The Toy Association. Read More
A former Bank of England economist says there is “no customer demand” for the digital pound, calling it a costly project with unclear benefits. Ex-Bank of England economist appears to be highly critical of the digital pound initiative, saying it is a “costly, useless project” with “no customer demand.” Neil Record, writing in an op-ed … Read more
Anthropic’s newest flagship AI model, Claude 3.7 Sonnet, cost “a few tens of millions of dollars” to train using less than 10^26 FLOPs of computing power. That’s according to Wharton professor Ethan Mollick, who in an X post on Monday relayed a clarification he’d received from Anthropic’s PR. “I was contacted by Anthropic who told me … Read more
The overall economic impact on the U.S. was limited then — and is likely to be limited again — because steel and aluminum imports amount to barely a ripple in the almost $30 trillion economy. Read More
The world’s largest memory maker is trying to catch up with SK Hynix and Micron in the AI arena. Read More
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