In 2022, Washington instituted
a 7% capital gains tax.
Bezos' decision to move to Florida will likely save
him $288 million so far, Yahoo Finance reports.
.
"Because Bezos has only ever bought a single
share of Amazon," it's likely that he's had the stock, since the formation of the company, "and therefore
virtually all of their value would be considered
capital gains," according to 'Bloomberg.'.
According to Washington officials, capital gains tax brought in $855 million last year.
Over half of that amount
came from only 10 people.
.
In March 2023, billionaire Ken Fisher said he would move from Washington to Texas.
Amazon Reaches $2 Trillion , in Stock Market Value.
On June 26, Amazon became the 5th American company to join the $2 trillion club, NPR reports. .
Amazon shares ended the day up nearly 4%, giving the company a $2.01 trillion stock market valuation. .
Within the past year,
Amazon's stock has gained 52%.
Part of that gain can be attributed
to investors' enthusiasm about the
company's AI endeavors, NPR reports. .
A big part of the valuation boost has
been cloud and AI. Amazon is going to
be a major player in the AI revolution, Dan Ives, Wedbush tech analyst, via NPR.
Amazon currently has a chatbot called Q, which businesses that use AWS have access to. .
Amazon currently has a chatbot called Q, which businesses that use AWS have access to. .
Amazon CEO Andy Jassy recently said that
AI has rejuvenated the growth of AWS.
The cloud computing unit is reportedly on pace to bring in $100 billion in annual revenue.
Amazon recently invested in Anthropic, a California
AI company, "to develop so-called foundation models
that underpin generative AI systems," NPR reports. .
Amazon also makes its own AI chips.
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia.
Credit: Wibbitz Top Stories Duration: 01:30Published
Amazon Prime Day 2024 , Dates Announced.
This year, Amazon Prime Day will fall
on July 16 and 17, Engadget reports. .
It will begin at 3:01 a.m. ET on July 16.
Thousands of deals on electronics, household items, fashion and more will be available to members only. .
Historically, Amazon Prime Day
has helped the retail giant to gain
more subscribers, Engadget reports. .
However, the price of a subscription has nearly doubled since 2005, when the service debuted. .
At launch, a Prime subscription was $79.
Now it will cost you $139.
Although July's Prime Day has been Amazon's
most significant shopping event for a while now.
the company has also offered a "fall Prime Day" in recent years, Engadget reports. .
It's likely that a similar event will return in the fall this year, but those dates have yet to be announced.
Credit: Wibbitz Top Stories Duration: 01:30Published
'The Boys' are heading toward their final fight. Season five of the Amazon Prime Video show will be its last. Showrunner Eric Kripke shared the news on social media. He wrote, "Season 4 premiere week is a good time to announce: Season 5 will be the final season! Always my plan, I just had to be cagey till I got the final OK from Vought. Thrilled to bring the story to a gory, epic, moist climax."
Credit: The Hollywood Reporter Duration: 01:19Published
Sarayu Blue chats with THR at the 'Inside Out 2' carpet and shares how she taps into joy. Plus, she reveals which emotion drives her mind and talks 'Expats' and the fan response with the Amazon show.
Credit: The Hollywood Reporter Duration: 03:03Published
YouTube Leaks Spark Concerns , About Google Employee Access , to Unpublished Videos.
Last week, PlayStation's lineup for the
State of Play event was leaked shortly after
the event was scheduled to appear on YouTube.
Last week, PlayStation's lineup for the
State of Play event was leaked shortly after
the event was scheduled to appear on YouTube.
The Verge reports that the leak has
contributed to concerns regarding Google
employees' access to videos before they go live.
The issue was recently highlighted
in reports by Insider Gaming
and 404 Media.
One of the leaks, which was noted by Tom Henderson
of Insider Gaming, involved KSI's 2022 attempt to
give away over $10,000 in Amazon gift cards.
However, an internal YouTube investigation was started
after KSI realized that all of the gift card codes had
already been redeemed prior to the video going live.
However, an internal YouTube investigation was started
after KSI realized that all of the gift card codes had
already been redeemed prior to the video going live.
A similar internal investigation
was opened after the trailer
for GTA VI leaked online. .
According to a report by 404 Media, a Google
contractor was responsible for the 2017 Nintendo
leak that revealed an early look at 'Yoshi's Crafted World.'.
The Verge reports that an image
of the game's trailer was posted to
Reddit just ahead of its big reveal at E3. .
The post contained an “admin.youtube.com” URL,
which would suggest that an employee had
accessed the video prior to its public release.
According to a database entry reported on by
404 Media, Google confirmed that an employee
had gained access to and deliberately leaked the video.
Credit: Wibbitz Top Stories Duration: 01:31Published
Internet personality SteveWillDoIt went to a famous theme park in Florida and then ended up in jail, where cops snapped a funny mug shot. The YouTube star --.. TMZ.com
Barron Trump made a surprise appearance at his father's campaign rally in Florida Tuesday night, and he quickly became the crowd favorite ... even briefly.. TMZ.com
The Group of Seven “likely” abandoned the US plan to expropriate Russia’s frozen central bank assets due to a “veiled threat” from Saudi Arabia, Bloomberg has reported. The US and UK had been pushing for outright seizure of around $280 billion in Russian sovereign funds, which the West had frozen in 2022 citing the Ukraine conflict. The EU, where most of the immobilised assets are held, was reluctant to see the euro endangered by the possible backlash.
#SaudiArabia #PutinSupport #MohammedBinSalman #PutinMohammedBinSalman #MBSBiden #G7Putin #G7 #RussianAssets #BidenAdministration #Geopolitics #InternationalRelations #EconomicSanctions #GlobalTensions #SaudiInfluence #FinancialStrategy #RussiaUkraineConflict #DiplomaticMove #MiddleEastPolitics
~HT.178~PR.152~ED.101~GR.124~
Apple Is Reportedly Building , a Dedicated Passwords App.
On June 6, Mark Gurman from 'Bloomberg' reported that Apple intends to build next-gen iPhones and Macs with a built-in password management app.
On June 6, Mark Gurman from 'Bloomberg' reported that Apple intends to build next-gen iPhones and Macs with a built-in password management app.
The new app will be called Passwords, Engadget reports.
The app will be revealed at the
Worldwide Developers Conference in June.
While Apple already offers password
services via the iCloud Keychain.
it can be tedious to find
or change passwords with it.
A dedicated passwords app would make the whole process easier and likely encourage some people to stick with Apple.
Similarly to subscription password managers 1Password and LastPass, Apple's app will
split passwords into categories.
Similarly to subscription password managers 1Password and LastPass, Apple's app will
split passwords into categories.
Such categories include "accounts, WiFi networks and Passkeys," CNBC reports. .
Users will be able to
import passwords from other apps.
Two-factor verification codes
will also be supported.
It's not clear if Passwords will let you
store files and images as its rivals do.
Credit: Wibbitz Top Stories Duration: 01:30Published
New US Home Construction , Sinks to Slowest Pace in 4 Years.
Government data released on June 20 indicates that new home construction in America dropped in May to the slowest pace since June 2020, Yahoo Finance reports. .
Housing starts dropped 5.5%,
and building permits dipped 3.8%.
Home completions also fell to the lowest amount since September 2022.
High interest rates, set by the Fed to help tame inflation, have resulted in high mortgage rates.
But recent data has suggested that inflation has started to cool, which may give the Fed the confidence it needs to lower rates.
The weakest U.S. housing starts
since the pandemic-led shutdowns
are fairly convincing evidence of
restrictive monetary policy. , Sal Guatieri, senior economist at BMO Capital Markets, via note.
While a growing population and
workforce are providing some support,
US home builders won’t become
busier until borrowing costs fall, Sal Guatieri, senior economist at BMO Capital Markets, via note.
Meanwhile, other data released on June 20 showed that first-time applications for unemployment benefits dropped last week.
However, continuing claims rose
for a seventh consecutive week
Credit: Wibbitz Top Stories Duration: 01:30Published
How to Reach , Financial Freedom .
How to Reach , Financial Freedom .
It's never a bad time to try to
get your finances in order.
Here are a few ways to ensure that
your efforts aren't going to waste:.
Embrace
the Truth.
Finance experts say a proper understanding of your fiscal situation could help you progress your wealth.
What’s coming in?
What’s going out?
And where
is it going? , Jean Chatzky, personal finance expert, via Yahoo! Money.
Be Yourself.
Saving money is important, and experts say not to allow outside influences to force you to spend money you don't have.
If you can shut the rest of the world out, whether that is shutting out your colleagues and your friends, Jean Chatzky, personal finance expert, via Yahoo! Money.
or whether that is shutting out social media because it’s telling you to buy certain things or to wear certain things, , Jean Chatzky, personal finance expert, via Yahoo! Money.
you’re going to be much
more successful in getting
to what your ultimate
goals actually are. , Jean Chatzky, personal finance expert, via Yahoo! Money.
Find a Better Job.
Experts say if you desire higher compensation for your work,
look for opportunities elsewhere.
Experts say if you desire higher compensation for your work,
look for opportunities elsewhere.
Switching jobs is probably the best way to get a substantial raise in your salary. , Jean Chatzky, personal finance expert, via Yahoo! Money
Credit: Wibbitz Top Stories Duration: 01:18Published
Q1 Update Reveals , US Economy Grew Slower , Than Initially Thought.
Yahoo Finance reports that the United States economy grew at a slower rate than initially thought during the first quarter of 2024.
According to the Bureau of Economic Analysis' (BEA) second
estimate of the Q1 gross domestic product (GDP), the
economy grew at 1.3%, down from 1.6% reported in April.
The BEA said the updated numbers , "primarily reflected a downward
revision to consumer spending.".
Personal consumption in Q1 grew at just 2%,
down from the 2.5% previously reported. .
The weaker headline growth
statistic looks discouraging, but it
belies solid underlying momentum
as the economy’s core — private
domestic sales to domestic
purchasers — showed a healthy
expansion of 2.5% annualized, Oren Klachkin, Nationwide financial
markets economist, via Yahoo Finance.
Yahoo Finance reports that many
economists do not perceive the slowdown
as the beginning of a broader trend. .
Before the latest numbers were released,
Goldman Sachs had forecast 3.2%
annualized growth in Q2. .
At the same time, the Atlanta Fed's GDPNow
has projected Q2 annualized growth of 3.5%. .
Monthly data beyond
March generally point
to a continued, albeit gently
cooling, economic expansion, Oren Klachkin, Nationwide financial
markets economist, via Yahoo Finance.
We anticipate continued
GDP gains this year
and a healthy advance
in 2024 overall, Oren Klachkin, Nationwide financial
markets economist, via Yahoo Finance
Credit: Wibbitz Top Stories Duration: 01:30Published
Nvidia Looks to , Accelerate Production , With New Packaging Technology.
Yahoo Finance reports that Nvidia Corp has announced
plans to use Fan-Out Panel Level Packaging (FOPLP)
technology to package its GB200 AI server chips.
The change was reportedly made to address production constraints
on the currently used Chip on Wafer Substrate (CoWoS) packaging
used at the Taiwan Semiconductor Manufacturing Company.
The change was reportedly made to address production constraints
on the currently used Chip on Wafer Substrate (CoWoS) packaging
used at the Taiwan Semiconductor Manufacturing Company.
According to industry experts, FOPLP
could be a viable alternative to CoWoS
amid the increasing demand for AI chips. .
Analysts consider Nvidia the premier accelerated
compute and generative AI supplier, backed
by production plans with Blackwell Chip. .
Over the past year, stock in
Nvidia has gained over 184%. .
On May 29, shares in Nvidia were up
0.89% at $1,149.10 in premarket trading. .
Yahoo Finance reports that a growing
number of packaging companies are
getting ready to offer FOPLP services. .
Yole Group has predicted that
its market share will increase
from 2% in 2022 to 8% by the year 2028.
The gains are expected to primarily
be driven by higher yields and
increasing cost efficiency.
Experts point out that while FOPLPs could reduce cost
and expand capacity, they have weaker technical
specifications compared to the current CoWoS standard
Credit: Wibbitz Top Stories Duration: 01:31Published
How to Manage , Mounting Nationwide , Credit Card Debt .
According to TransUnion data, the average
credit card debt per borrower in the United States
has increased 8.5% year-over-year, reaching $6,218. .
The added pressure on consumers has made
it even more difficult to pay down their debts. .
Yahoo Finance recently sought expert advice
for insights into how Americans can manage
amid the current levels of credit card debt.
Discover Personal Loans Vice
President Dan Nickele highlights the debt
management benefits of personal loans.
One of the great things
about a personal loan is
that you can check your
rate without impacting your
credit report, so you can
explore your options. , Dan Nickele, Discover Personal Loans
Vice President, via Yahoo Finance.
And I think options are a consumer's
best friend, especially somebody
who's trying to manage their debt. , Dan Nickele, Discover Personal Loans
Vice President, via Yahoo Finance.
So I would encourage somebody
who thinks they might have a savings
opportunity to go out and figure out
what rates they can actually earn,
explore their options for
payments and rates, Dan Nickele, Discover Personal Loans Vice President, via Yahoo Finance.
Yahoo Finance points out that while the pace
of inflation showing signs of moderating, consumers
are still facing increased pressure on their budgets.
At the same time, Bank of America's annual Homebuyer
Insights Report found that 72% of potential homebuyers
are concerned about ongoing rent increases. .
A National Institute on Retirement Security
also found that 79% of Americans expressed
pessimism amid a retirement savings crisis
Credit: Wibbitz Top Stories Duration: 01:31Published
American actress Deirdre Quinn was in her late 20s when she played Mary Jo Wright AKA "Miss Texas" -- the southern belle representing her home state at the Miss.. TMZ.com
A US citizen who allegedly left a British nurse temporarily unable to walk after a car crash has been arrested in Texas a year after the collision. Sky News
Patrick Mahomes Sr. -- the father of NFL superstar Patrick Mahomes II -- has had yet another run-in with cops ... TMZ Sports has learned he was busted in Texas.. TMZ.com
Shelley Duvall, the actress known for playing Wendy Torrance in 'The Shining' and starring in numerous Robert Altman films, has died. She was 75. Dan Gilroy, Duvall's life partner since 1989, told The Hollywood Reporter she died in her sleep of complications from diabetes at her home in Blanco, Texas. He said, "My dear, sweet, wonderful life partner and friend left us. Too much suffering lately, now she’s free. Fly away, beautiful Shelley."
Credit: The Hollywood Reporter Duration: 02:00Published
Shelley Duvall, who famously co-starred in "The Shining," is dead after a painful battle with diabetes. Dan Gilroy, Shelley's life partner for decades, tells TMZ.. TMZ.com
Jeff Bezos's move to Miami from Seattle has allowed him to sell 24 million shares of Amazon, worth... IndiaTimes - Published Also reported by •Zee News
Jeff Bezos, Leon Black, Jamie Dimon, and the Walton family have recently sold a combined $8 billion in company stock. What does this mean for you and your retirement account? Is a market crash..
![Amazon Reaches $2 Trillion in Stock Market Value [Video]](https://video.newsserve.net/300/v/20240627/1379785948-Amazon-Reaches-Trillion-in-Stock-Market-Value.jpg)
![Amazon Prime Day 2024 Dates Announced [Video]](https://video.newsserve.net/300/v/20240626/1379684876-Amazon-Prime-Day-2024-Dates-Announced.jpg)
!['The Boys' Ending With Season 5 on Amazon | THR News Video [Video]](https://video.newsserve.net/300/v/20240611/1378285812-The-Boys-Ending-With-Season-on-Amazon.jpg)
!['Inside Out 2' Star Sarayu Blue Shares Which Emotion Drives Her Mind & Talks 'Expats' Fan Response | THR Video [Video]](https://video.newsserve.net/300/v/20240611/1378194350-Inside-Out-Star-Sarayu-Blue-Shares-Which.jpg)
![YouTube Leaks Spark Concerns About Google Employee Access to Unpublished Videos [Video]](https://video.newsserve.net/300/v/20240604/1377402650-YouTube-Leaks-Spark-Concerns-About-Google-Employee-Access.jpg)
![Federal judge dismisses Trump classified documents case over concerns with prosecutor's appointment [Video]](https://video.newsserve.net/300/v/20240715/1381757992-Federal-judge-dismisses-Trump-classified-documents-case-over.jpg)
![Saudi Arabia Picks Putin Over Biden?: MBS Warns G7 Against Seizing Russian Assets, Claims Report [Video]](https://video.newsserve.net/300/v/20240711/1381326982-Saudi-Arabia-Picks-Putin-Over-Biden-MBS.jpg)
![Apple Is Reportedly Building a Dedicated Passwords App [Video]](https://video.newsserve.net/300/v/20240607/1377790072-Apple-Is-Reportedly-Building-Dedicated-Passwords-App.jpg)
![New US Home Construction Sinks to Slowest Pace in 4 Years [Video]](https://video.newsserve.net/300/v/20240620/1379144182-New-US-Home-Construction-Sinks-to-Slowest-Pace.jpg)
![How to Reach Financial Freedom [Video]](https://video.newsserve.net/300/v/20240614/1378579082-How-to-Reach-Financial-Freedom.jpg)
![Q1 Update Reveals US Economy Grew Slower Than Initially Thought [Video]](https://video.newsserve.net/300/v/20240531/1377020876-Q1-Update-Reveals-US-Economy-Grew-Slower-Than.jpg)
![Nvidia Looks to Accelerate Production With New Packaging Tech [Video]](https://video.newsserve.net/300/v/20240529/1376832986-Nvidia-Looks-to-Accelerate-Production-With-New-Packaging.jpg)
![How to Manage Mounting Nationwide Credit Card Debt [Video]](https://video.newsserve.net/300/v/20240520/1376004378-How-to-Manage-Mounting-Nationwide-Credit-Card-Debt.jpg)
![Shelley Duvall, Star of 'The Shining,' Dead at 75 | THR News Video [Video]](https://video.newsserve.net/300/v/20240711/1381356020-Shelley-Duvall-Star-of-The-Shining-Dead.jpg)
![Mary Grace TV LIVE: Jeff Bezos, Walton Family etc dump MASSIVE SHARES OF STOCK. WHAT IS GOING ON? [Video]](https://video.newsserve.net/300/v/20240229/1709234348-Mary-Grace-TV-LIVE-Jeff-Bezos-Walton.jpg)
