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Trump’s tariffs are bringing in a ‘very significant’ amount of revenue, top analyst says: Roughly $350 billion a year

The U.S. government is currently collecting tariff revenues at an annualized pace of roughly $350 billion, a “significant” amount, according to Torsten Slok, chief economist at Apollo Global Management. In his typical style, one of brevity and striking charts, Slok added that the figure equates to roughly 18% of annual household income tax payments, underscoring … Read more

White House considering roughly 20% tariff on most imports, report says

US President Donald Trump, alongside Secretary of Treasury Scott Bessent (L) and Secretary of Commerce nominee Howard Lutnick (R), signs an executive order to create a US sovereign wealth fund, in the Oval Office of the White House on February 3, 2025, in Washington, DC. Jim Watson | Afp | Getty Images White House aides … Read more

Safe Superintelligence, Ilya Sutskever’s AI startup, is reportedly close to raising roughly $1B

Safe Superintelligence, an AI startup founded by former OpenAI chief scientist Ilya Sutskever, could be close to raising more than $1 billion at a $30 billion valuation — a higher valuation than reported just weeks ago. Bloomberg reports that VC firm Greenoaks Capital Partners is leading the deal and pledging to invest half a billion … Read more

Meta to cut roughly 5% of staff, targeting lowest performers

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