$80 Billion Irs Funding
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Monster Beverage launches $3 billion stock buyback
Beverage company’s chief executive may sell up to about $33 million of stock to provide “flexibility.”MarketWatch - Business -
Jackpot! Slot-machine gamblers could keep more of their winnings from IRS scrutiny under proposed rule.
Gamblers who play slot machines may soon be able to win more money before the Internal Revenue Service takes notice — and it could be the recent stretch of hot inflation that melts away some longstanding rules around gambling and taxes.MarketWatch - Business -
Munich Re Says Full-Year Profit Could Top €5 Billion
The German reinsurer posted net profit for the first three months of 2024 of $2.3 billion, in line with preliminary figures, and said it was “more likely” it would surpass its full-year profit target.The Wall Street Journal - Business -
FTX files plan to fully reimburse customers it defrauded of billions
FTX says that nearly all of its customers will receive the money back they are owed, two years after the cryptocurrency exchange imploded.CBS News - Top stories - Crypto -
Bill Hwang lost $35 billion in a spectacular trading implosion. Now, prosecutors will try to prove it was a crime.
The hedge fund trader stands accused of misleading banks and manipulating prices through huge, shadowy stock buys, but he argues he did nothing illegal.MarketWatch - Business -
Biden to announce $3.3B AI investment by Microsoft at scaled-back Foxconn site once touted by Trump
President Joe Biden will travel to Racine, Wisconsin, to announce a $3.3 billion investment by Microsoft to build a new artificial intelligence data center.NBC News - Top stories - Joe Biden -
Biden plugs $3 billion Microsoft AI investment at Wisconsin site where Trump-touted Foxconn plant flopped
President Joe Biden on Wednesday talked up a Microsoft Corp. plan for a data-center complex in Wisconsin’s Racine County, while also criticizing GOP presidential nominee Donald Trump’s economic record in that part of the swing state.MarketWatch - Business - Joe Biden -
Biden Announces $3.3 Billion Microsoft AI Center at Trump’s Failed Foxconn Site
The president’s visit to Wisconsin celebrated the investment by Microsoft in a center to be built on the site of a failed Foxconn project negotiated by his predecessor.The New York Times - Top stories - Joe Biden -
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The Anti-Met Gala Raises Funds for Medical Debt
The red carpet featured noncelebrity guests in homemade costumes. “This is a better function, with a better message,” one guest said.The New York Times - Lifestyle -
Biden’s cybersecurity plan has a huge funding gap
Unless Congress steps in, NIST will be unable to do the work assigned, jeopardizing the success of the administration’s cyber ambitions.The Hill - Politics - Joe Biden -
Want More Nvidia? Investors Try Funds That Double Its Return---and Risk
Assets in leveraged single-stock ETFs have doubled this year.The Wall Street Journal - World -
As Social Security's funds face insolvency, experts say these are key factors to watch
An improving economy has helped improve the outlook for Social Security's funds. But experts still point to the need for imminent reform.CNBC - Business -
Forget the Social Security crisis. Medicare funding could be a much bigger problem.
Your healthcare is still on the line, even if Medicare Part A’s funding will be depleted five years later than expected.MarketWatch - Business -
FTX Customers Poised to Recover All Funds Lost in Collapse
Bankruptcy lawyers for FTX said customers of the cryptocurrency exchange were set to get all their money back, plus interest.The New York Times - Business - Crypto