Why Trump tax deductions — for tips, car loans and more — may not carry large benefits for low earners

Key Points

New tax deduction — on auto loans, tips and overtime pay, and for older Americans — wouldn’t deliver much of a financial benefit for lower earners, experts said.
These policies are part of a massive legislative package championed by President Donald Trump.

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Finance

Intel and Micron are poised to break major milestones

May 5, 2026

Options Action Intel and Micron are poised to break major milestones Published Tue, May 5 20262:51 PM EDTUpdated 56 Min Ago Oliver Renick@OJRenick WATCH LIVE Source

Finance

Anthropic CEO warns of cyber ‘moment of danger’ as AI exposes thousands of vulnerabilities

May 5, 2026

Key Points Anthropic CEO Dario Amodei warned Tuesday that there is a 6-to 12-month window to patch tens of thousands of software vulnerabilities uncovered by the company’s Mythos model before Chinese AI catches up. Amodei and JPMorgan Chase CEO Jamie Dimon appeared together at an Anthropic financial services event, signaling the AI giant’s lead in […]

Finance

SEC is close to ending mandatory quarterly earnings reports that Trump called for

May 5, 2026

Key Points The Securities and Exchange Commission formally proposed a rule change that would allow companies to file semiannual reports on a new form 10-S in place of the traditional quarterly10-Qs. The move brings regulators closer to a structural change that Trump has advocated, arguing that mandatory quarterly reporting encourages a short-term mindset and distracts […]