Day: July 3, 2025
Microsoft layoffs hit 830 workers in home state of Washington
Microsoft CEO Satya Nadella speaks at the Axel Springer building in Berlin on Oct. 17, 2023. He received the annual Axel Springer Award. Ben Kriemann | Getty Images Among the thousands of Microsoft employees who lost their jobs in the cutbacks announced this week were 830 staffers in the company’s home state of Washington. Nearly […]
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Asia-Pacific markets mostly set to open higher after Wall Street gains on strong jobs report
The skyline of Yokohama with the Landmark Tower, Queen’s Square and the ferries wheel with the Aka-Rengo Soko warehouse on a beautiful day. Juergen Sack | E+ | Getty Images Most Asia-Pacific markets are set to climb on Friday, trailing gains on Wall Street after a better-than-expected jobs report eased investors’ concerns of a slowdown in […]
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Musk’s xAI scores permit for gas-burning turbines to power Grok supercomputer in Memphis
The Grok logo is being displayed on a smartphone with Xai visible in the background in this photo illustration on April 1, 2024. Jonathan Raa | Nurphoto | Getty Images Elon Musk’s xAI attained an official permit to power its supercomputer facility in Memphis, Tennessee, using natural gas-burning turbines, according to public records shared by the […]
Read More![35-year-old American moved to Chengdu and lives on $30,000 a year: ‘[It’s] poverty in America, but in China I’m living large’](https://image.cnbcfm.com/api/v1/image/108167583-1751548516689-chinacelia1.jpg?v=1751549197&w=1920&h=1080 "35-year-old American moved to Chengdu and lives on $30,000 a year: ‘[It’s] poverty in America, but in China I’m living large’")
35-year-old American moved to Chengdu and lives on $30,000 a year: ‘[It’s] poverty in America, but in China I’m living large’
In her late 20s, Aleese Lightyear worked in reality TV production and lived in New York City, which she thought was her dream. “At the height of my career in New York, I was probably making $100,000 a year [and] working eight months out of the year, which on paper sounds great, but New York […]
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Slam dunk? Fundstrat’s Tom Lee considers two new themes for his Granny Shots ETF
ETF Edge Slam dunk? Fundstrat’s Tom Lee considers two new themes for his Granny Shots ETF Published Thu, Jul 3 20254:00 PM EDT Siena Griffin@siena_griffin WATCH LIVE Source
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Trump megabill gives the oil industry everything it wants and ends key support for solar and wind
President Donald Trump’s One Big Beautiful Bill Act ends long-standing federal support for solar and wind power, while creating a friendly environment for oil, gas and coal production. The House of Representatives passed Trump’s megabill Thursday ahead of a White House-imposed deadline, after the Senate narrowly approved the controversial legislation Tuesday. Trump has made his […]
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Trump ‘big beautiful’ bill gives top 1% biggest tax cuts in these states
Key Points Legislation championed by President Donald Trump would give the top 1% of U.S. households an average tax cut of about $66,000, according to the Institute on Taxation and Economic Policy. The highest earners in Wyoming, South Dakota and Texas stand to get a tax cut of more than $100,000 from the bill, formerly […]
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Ilya Sutskever becomes CEO of Safe Superintelligence after Meta poached Daniel Gross
Ilya Sutskever, co-founder and chief scientist of OpenAI, speaks at Tel Aviv University in Tel Aviv, Israel, June 5, 2023. Jack Guez | AFP | Getty Images OpenAI co-founder Ilya Sutskever said he will assume the CEO role at Safe Superintelligence, the artificial intelligence startup he launched last year. Sutskever’s announcement on Thursday comes after Meta […]
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CoreWeave is the first cloud provider to deploy Nvidia’s latest AI chips
Nvidia CEO Jensen Huang in Taipei, Taiwan, on June 2, 2024. Ann Wang | Reuters Nvidia’s Blackwell Ultra chips, the company’s next-generation graphics processor for artificial intelligence, have been commercially deployed at CoreWeave, the companies announced on Thursday. CoreWeave has received shipments of Dell-built shipments based around Nvidia’s GB300 NVL72 AI systems, Dell said on […]
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Top five tax changes for the wealthy in Trump’s ‘big beautiful bill’
A view of the US Capitol in Washington, DC, on June 30, 2025. Jim Watson | Afp | Getty Images The wealthy will likely see a host of new tax breaks in President Donald Trump’s “big beautiful bill,” along with permanent extensions of many of the 2017 tax cuts, according to tax experts. Taxpayers earning […]
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